Margin Certificate definition

Margin Certificate means a certificate substantially in the form set out in Schedule 12 (Form of Margin Certificate).

Margin Certificate shall have the meaning given to such term in Section 8.3(l) of the Participation Agreement.

Margin Certificate is a certificate, substantially in the form of Schedule 7 (Form of Margin Certificate), setting out the calculations for determining an adjustable Margin pursuant to Subclause 12.3 (Margin Adjustments) as at the relevant date.

Examples of Margin Certificate in a sentence

• If any Applicable Margin Certificate referred to above is not delivered within the time periods specified above, then the Consolidated Indebtedness Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 4.0 to 1.0. In addition, at all times while an Event of Default shall have occurred and be continuing, the highest rate set forth in each column of the Pricing Grid shall apply.

• By the 20th day after the end of each fiscal quarter (commencing with the fiscal quarter ending June 30, 2012), the Borrowers shall deliver (i) to the Administrative Agent an Applicable Margin Certificate setting forth a calculation of the Average Availability for the fiscal quarter most recently ended and the corresponding Applicable Margins, and (ii) updates, if any, to Schedule O to the Collateral Questionnaire to reflect all locations of Inventory at the end of the fiscal quarter then ended.

• The interested reader could consult Liebowitz and Watt (2006) for a survey of these mechanisms, at least as far as compensating music creators is concerned.

• Such Margin Certificate shall include an exhibit that fully sets forth Operator’s calculation of its Actual Margin and certify to the accuracy of the Actual Margin.

• By the 20th day after the end of each Fiscal Quarter, the Lead Borrower shall deliver to the Agent (i) an Applicable Margin Certificate setting forth a calculation of the Average Availability for the Fiscal Quarter most recently ended and the corresponding Applicable Margins, and (ii) updates, if any, to Schedule 2(b) to the Perfection Certificate to reflect all locations of Inventory at the end of the Fiscal Quarter then ended.

More Definitions of Margin Certificate

Margin Certificate has the meaning given to that term in Clause 10.5(c) (Calculation of Margin and utilisation fee).

Margin Certificate means a certificate in the form of Exhibit 3;

Margin Certificate means a certificate, substantially in the form of Schedule 9 (Form of Margin Certificate). Material Adverse Effect means any effect or circumstance:

Margin Certificate means a certificate substantially in the form set out in Schedule 9 (Form of Margin Certificate). Margin Regulations means Regulations T, U and X issued by the Board of Governors of the United States Federal Reserve System.

Margin Certificate means a certificate in the form of the Eleventh Schedule;

Margin Certificate is a certificate, substantially in the form of Schedule 9 (Form of Margin Certificate), setting out the amount of Total Consolidated Net Borrowings and Consolidated EBITDA for the period ending on the Accounting Reference Date.

Margin Certificate means a certificate substantially in the form set out in Schedule 7 (Form of Margin Certificate) setting out the Consolidated Net Interest Bearing Debt to the Consolidated EBITDA for the Group;