Fixed Rate Margin definition
Examples of Fixed Rate Margin in a sentence
Subject to Sections 2.4(d) and 2.4(h), Fixed Rate Portions shall bear interest on the unpaid principal amount thereof during the Fixed Rate Period applicable thereto at a rate per annum equal to the sum of the Fixed Rate for such Fixed Rate Period plus the Applicable Fixed Rate Margin.
The term "Fixed Rate Margin" shall mean three and three-quarters (3.75) percentage points.
Borrower shall pay to Seafirst in advance, for the account of Banks, upon issuance of each Letter of Credit, a nonreimbursable Issuance Fee equal to the greater of (a) a percentage per annum equal to the Fixed Rate Margin (as determined on the date of issuance) on the face amount of the Letter of Credit, or (b) $250.
Such Fixed Rate for the Junior Notes shall be the sum of (A) the Swap Rate plus (B) the Applicable Margin plus (C) the Fixed Rate Margin, and shall be the “Fixed Rate” for the Junior Notes, effective on the Swap Effective Date; provided that if such Fixed Rate cannot be established because the Lessee does not agree to the Swap Rate quoted by the Junior Agent, then Section 3(c)(i) shall apply to the Junior Notes as though the Owner never requested such Junior Notes to bear interest at a Fixed Rate.
The Agent shall notify the Borrowers of the Fixed Rate Margin Reduction concurrent with the notification thereby of the redeternined Loan Value.