Fixed Margin definition
Examples of Fixed Margin in a sentence
No later than thirty (30) Business Days prior to the relevant Interest Payment Date falling nearest to the expiry of the Fixed Margin Period, the Borrower may accept or reject the margin offer.
If the Borrower rejects the margin offer, Loan A shall terminate and all outstanding amounts under Loan A shall be due and payable by the Borrower on the expiring of the Fixed Margin Period.
A separate CUSIP number shall be assigned to the Initial Purchaser Notes and to each Transferee Global Note with a different date of initial issuance, provided that, to the extent permitted under the rules of the Depository, after the initial Interest Period with respect to any Transferee Global Note, the CUSIP number may be changed to or exchanged for the CUSIP number of any previously issued Transferee Global Note with the same Fixed Margin.
If the Borrower does not request the GIEK Lender to give a New Fixed Margin Offer or do not accept the New Fixed Margin Offer in accordance with the conditions of this Clause 9.5, the GIEK Lender Commitment shall be cancelled and any amount outstanding under the GIEK Lender Facility shall be due and payable by the Borrower on the last day of the relevant GIEK Lender Fixed Margin Period either by cash or through loans from the New GIEK Lender.
If VMU fails to provide notice in the period described above, the fixed Margin will remain unchanged during the succeeding Affiliate Fixed Margin Period.
Seventh Affiliate Fixed Margin Period: July 7, 2020 until the earlier of expiration of the Term of the Agreement or July 6, 2023.
The GIEK Facility Lender shall, within ten (10) Business Days of receipt of such request give a New Fixed Margin Offer to the Borrowers.
No later than ten (10) Business Days of receipt of the New Fixed Margin Offer, the Borrowers may accept or reject the New Fixed Margin Offer.
Fifth Affiliate Fixed Margin Period: July 7, 2014 until July 6, 2017.
Third Affiliate Fixed Margin Period: July 7, 2008 until July 6, 2011.