Margin 2 definition

Margin 2 means the Margin specified as such in the applicable Final Terms or Pricing Supplement;
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Margin 2 means, for the Deferred Amount, onepointzerozero per cent (1,00%) per annum from the first Drawdown Date and throughout the Loan Period.
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Margin 2 means (a) 0.9% per annum up to (but not including) the fifth anniversary of the first drawdown hereunder and (b) 0.95% per annum thereafter until the Final Maturity Date Provided That during such time as Net Leverage is equal to or less than 50%, (on the basis of the most recent financial statements delivered pursuant to Clause 12.1 or Clause 12.2), then the applicable Margin 2 for any B Advance shall be 0.85% p.a. (or, if the rate in (b) would otherwise apply, the applicable Margin 2 shall be 0.9% p.a.).
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Examples of Margin 2 in a sentence

  • Borrower shall pay interest to Administrative Agent for the account of the applicable Bank on the outstanding and unpaid principal amount of the Loans, at a rate per annum as follows: (1) for Base Rate Loans at a rate equal to the Base Rate plus the Applicable Margin; (2) for LIBOR Loans at a rate equal to the applicable LIBOR Interest Rate plus the Applicable Margin; and (3) for Bid Rate Loans at a rate equal to the applicable LIBOR Bid Rate.

  • Borrower shall pay interest to Administrative Agent for the account of the applicable Bank, on the outstanding and unpaid principal amount of the Loans, at a rate per annum as follows: (1) for Base Rate Loans at a rate equal to the Base Rate plus the Applicable Margin; (2) for Term SOFR Loans at a rate equal to Adjusted Term SOFR plus the Applicable Margin; and (3) for Daily SOFR Loans at a rate equal to the Adjusted Floating Overnight Daily SOFR Rate plus the Applicable Margin.

  • Borrower shall pay interest to Administrative Agent for the account of the applicable Bank, on the outstanding and unpaid principal amount of the Loans, at a rate per annum as follows: (1) for Base Rate Loans at a rate equal to the Base Rate plus the Applicable Margin; (2) for LIBOR Loans at a rate equal to the applicable LIBOR Interest Rate plus the Applicable Margin; and (3) for Bid Rate Loans at a rate equal to the applicable LIBOR Bid Rate.

  • In order to enable Borrower to comply with its obligations under the Margin 2 Note: Insert bracketed language if this Commitment Letter is entered into in connection with a Mandatory Prepayment Event.

  • Borrower shall pay interest to Administrative Agent for the account of the applicable Bank on the outstanding and unpaid principal amount of the Loans, at a rate per annum as follows: (1) for Base Rate Loans at a rate equal to the Base Rate plus the Applicable Margin; (2) for SOFR Loans at a rate equal to the applicable Adjusted Term SOFR plus the Applicable Margin; and (3) for Bid Rate Loans at a rate equal to the applicable SOFR Bid Rate.

  • Any such election must be made by the US Borrower by 10:00 a.m. (Central time) on the 3rd Business Day prior to (1) the date of any proposed US Loan which is to bear interest at the Adjusted LIBOR Rate plus the Applicable Margin, (2) the end of each Interest Period with respect to any LIBOR Rate Loans to be continued as such, or (3) the date on which the US Borrower wishes to convert any Base Rate Loan to a LIBOR Rate Loan for an Interest Period designated by the US Borrower in such election.

  • This is calculated at bet time, and the LP's capital is moved into or out of Margin [2] depending on whether the bet increases or decreases the LP collective's net exposure.

  • Annual Interest Margin Annual Interest Margin- 2% Annual Interest= Base Rate +Margin (Annual Interest/12)/Number of days in the month Penalty Interest 15% Credit Life Insurance Digital Overdraft of KES 20,000 & below – none.

  • Operating Margin % · Percent calculated as follows: Operating Income (as defined below) / Net Sales (as reported in the Company’s financial statements) · The calculated average of operating margin results over the two-year performance period (i.e., (FY One Operating Margin + FY Two Operating Margin) /2) will determine shares earned.

  • Any such election must be made by the US Borrower by 10:00 a.m. (Central time) on the 3rd Business Day prior to (1) the date of any proposed US Revolving Loan which is to bear interest at the Adjusted LIBOR Rate plus the Applicable Margin, (2) the end of each Interest Period with respect to any LIBOR Rate Loans to be continued as such, or (3) the date on which the US Borrower wishes to convert any Base Rate Loan to a LIBOR Rate Loan for an Interest Period designated by the US Borrower in such election.