Daily Margin means, for any day, the Per Annum Daily Margin on such day divided by 360.
Daily Margin means, for any date of determination, for the designated Level, Utilization Ratio applicable to such date of determination and Type of Advance, the following interest rates per annum:
Daily Margin means, for any date of determination, the interest rate ------------ per annum set forth in the table below that corresponds to (i) the Level applicable to such date of determination and (ii) the Utilization Ratio applicable to such date of determination: Daily Margin when Daily Margin when Utilization Ratio Utilization Ratio is less than is greater than or 0.50:1.00 equal to 0.50:1.00 ----------------- ------------------ Xxxxx 0 0.12% 0.17% Xxxxx 0 0.13% 0.18% Xxxxx 0 0.17% 0.22% Xxxxx 0 0.20% 0.25% Xxxxx 0 0.25% 0.30%
Examples of Daily Margin in a sentence
Daily Margin statement should include, inter-alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.
Daily Margin statement should include, inter- alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.
Daily Margin statement should include, interalia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee and securities.
Daily Margin statement should include, inter-alia, details of collateral deposited, collateral utilized and collateral status (available balance/due from client) with break up in terms of cash, Fixed Deposit Receipts (FDRs), Bank Guarantee, warehouse receipts, securities etc.
The client also authorizes FCSPL to send Welcome Kit, Statements of Account, Statement of Margin, Funds and Securities, Ledgers, Bills, Collateral Statements, Daily Margin Statements, reports, notices, circulars, letters and other documents pertaining to the Trading Account on email address.
More Definitions of Daily Margin
Daily Margin means, for any date of determination, for the designated Level, Utilization Ratio applicable to such date of determination and Type of Advance, the following interest rates per annum: Daily Margin when Utilization Ratio is equal to or less than 0.50:1.00 Daily Margin when Utilization Ratio is greater than 0.50:1.00 TYPE OF ADVANCE TYPE OF ADVANCE Base Rate Advance EURO Rate Advance Base Rate Advance EURO Rate Advance Level 1 0 % 0.1800 % 0.10 % 0.2800 % Xxxxx 0 0 % 0.2150 % 0.10 % 0.3150 % Xxxxx 0 0 % 0.2500 % 0.125 % 0.3750 % Xxxxx 0 0 % 0.4000 % 0.175 % 0.5750 % Xxxxx 0 0 % 0.5500 % 0.25 % 0.8000 %
Daily Margin means, for any date of determination, for the designated Level and the Type of Advance, the following interest rates per annum: Daily Margin TYPE OF ADVANCE Base Rate Advance Eurodollar Advance Xxxxx 0 0.000 % 0.750 % Xxxxx 0 0.000 % 0.875 % Xxxxx 0 0.000 % 1.000 % Xxxxx 0 0.125 % 1.125 % Xxxxx 0 0.375 % 1.375 % Xxxxx 0 0.625 % 1.625 % For purposes of this definition, (a) if any change in the rating established by S&P or Xxxxx’x with respect to Long-Term Debt shall result in a change in the Level, the change in the Daily Margin shall be effective as of the date on which such rating change is publicly announced and (b) if the ratings established by both of S&P and Xxxxx’x with respect to Long-Term Debt are unavailable for any reason for any day, then the applicable level for such day shall be deemed to be Xxxxx 0 (or, if the Majority Banks consent in writing, such other Level as may be reasonably determined by the Majority Banks from a rating with respect to Long-Term Debt for such day established by another rating agency reasonably acceptable to the Majority Banks).
Daily Margin means, for any date of determination, the interest rate per annum set forth in the table below that corresponds to (i) the Level applicable to the Borrower in respect of its Rating as set forth below for such date of determination and (ii) the Type of Advance: Daily Margin for Type/Reference Rate Term SOFR Base Rate Xxxxx 0 0.875% 0.000% Xxxxx 0 1.000% 0.000% Xxxxx 0 1.125% 0.125% Xxxxx 0 1.250% 0.250% Xxxxx 0 1.500% 0.500%
Daily Margin and "Daily Default Margin" mean the following ------------ -------------------- percentages divided by 360: Daily Margin Daily Default Financial Covenants ------------ ------------- ------------------- Margin ------ 1.25% 3.25% Interest Coverage Ratio less than 2.75 to 1.0
Daily Margin means, for any date of determination, for the designated Level and the Type of Advance, the following interest rates per annum: Daily Margin TYPE OF ADVANCE Base Rate Advance EURO Rate Advance Level 10.000%0.690%Level 20.000%0.805%Level 30.000%0.900%Level 40.000%1.000%Level 50.225%1.225%Level 60.425%1.425% For purposes of this definition, (a) if any change in the rating established by S&P or Moody’s with respect to Long-Term Debt shall result in a change in the Level, the change in the Daily Margin shall be effective as of the date on which such rating change is publicly announced, and (b) if the ratings established by both of S&P and Moody’s with respect to Long-Term Debt are unavailable for any reason for any day, then the applicable level for such day shall be deemed to be Level 6 (or, if the Majority Banks consent in writing, such other Level as may be reasonably determined by the Majority Banks from a rating with respect to Long-Term Debt for such day established by another rating agency reasonably acceptable to the Majority Banks).
Daily Margin means, for any date of determination, the interest rate per annum set forth in the table below that corresponds to (i) the Level applicable to the Company for such date of determination and (ii) the Class and Type of Advance: Daily Margin for Tranche A1 Advances that are Eurocurrency Rate Advances Daily Margin for Tranche A1 Advances that are Base Rate Advances Daily Margin for Revolving Loan Advances and Tranche A2 Advances that are Eurocurrency Rate Advances Daily Margin for Revolving Loan Advances and Tranche A2 Advances that are Base Rate Advances Xxxxx 0 0.875% 0.000% 1.000% 0.000% Xxxxx 0 1.125% 0.125% 1.250% 0.250% Xxxxx 0 1.375% 0.375% 1.500% 0.500% Xxxxx 0 1.625% 0.625% 1.750% 0.750% Xxxxx 0 1.875% 0.875% 2.000% 1.000% For the avoidance of doubt, at any time prior to the First Amendment Effective Date, the Daily Margin shall be determined in accordance with the Original Credit Agreement.
Daily Margin means, for any date of determination, the interest rate per annum set forth in the table below that corresponds to (i) the Level applicable to the Company in respect of its Rating as set forth below for such date of determination and (ii) the Class and Type of Advance: Daily Margin for Tranche A1 Advances that are Eurocurrency Rate Advances Daily Margin for Tranche A1 Advances that are Base Rate Advances Daily Margin for Revolving Loan Advances and Tranche A2 Advances that are Eurocurrency Rate Advances Daily Margin for Revolving Loan Advances and Tranche A2 Advances that are Base Rate Advances Xxxxx 0 1.125% 0.125% 1.250% 0.250% Xxxxx 0 1.375% 0.375% 1.500% 0.500% Xxxxx 0 1.625% 0.625% 1.750% 0.750% Xxxxx 0 1.875% 0.875% 2.000% 1.000% Xxxxx 0 2.125% 1.125% 2.250% 1.250%