Margin Excess definition
Examples of Margin Excess in a sentence
Seller may not request funding under this Section 4(b) more than three (3) times in any calendar month (for the avoidance of doubt, the limitation to three (3) applications of Margin Excess per calendar month shall not apply if Seller is using the Margin Excess to cure an outstanding Margin Deficit).
Buyer shall by no later than 5:00 p.m. (New York City time) on the second (2nd) Business Day following the Business Day of Buyer’s receipt of such Margin Excess Request, (x) transfer to Seller the amount of cash requested by Seller, and (y) deliver to Seller a revised Confirmation reflecting the corresponding increase in the Purchase Price of such Purchased Asset.
Pursuant to Paragraph 4(e) of the Agreement, the parties hereby agree that the respective rights of Buyer or Seller (or both) under subparagraphs (a) and (b) of Paragraph 4 of the Agreement may be exercised only where a Margin Deficit or Margin Excess, as the case may be, exceeds USD 250,000.
The sum of (A) the aggregate Repurchase Price for all Purchased Assets and Pledged Assets (if any), plus (B) the requested Purchase Price for the pending Transaction, plus (C) the aggregate amount of any potential Future Funding Advance Draws with respect to all Purchased Assets (if any),plus (D) the amount of any Margin Excess, in the aggregate, shall not exceed the Facility Amount.