Margin Letter definition

Margin Letter means the letter dated on or around the 2017 Amendment Date between
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Examples of Margin Letter in a sentence

  • Margin The margin to be added to the Lending Rate, as agreed between the Participating Banks and the Borrower, and set out in the Margin Letter.

  • Subject to Section 4.1(d), in the event the Borrowers fail to deliver such financial statements and certificate within the time required by Section 7.2(c) hereof, the Applicable Margin, Letter of Credit Fee, and Unused Commitment Fee shall be the highest margin set forth above until the delivery of such financial statements and certificate.

  • The Borrower agrees to compensate the Agents for their fees as set forth herein and in the Collateral Agent Fee Letter and the MUFG Margin Letter, as applicable, pursuant to the Priority of Payments.

  • Margin Letter The letter dated on or prior to the date of this Agreement entered into between the Borrower and the Participating Banks, specifying the Margin and Breach Margin to be added to each Participating Bank's Lending Rate for the purposes of determining the interest rate applicable to the Facilities under this Agreement.

  • Margin The margin agreed between the Participating Banks and the Borrower, for the purposes of calculating the breach rate of interest in accordance with Section 9.3 (Breach Interest), as set out in the Margin Letter.

  • Such adjusted Applicable Margin, Letter of Credit Fee and Commitment Fee shall be effective as of the Adjustment Date, except that with respect to all Eurodollar Rate Loans outstanding on the Adjustment Date, the adjusted Applicable Margin shall apply as of the first day of the Interest Period next following the Adjustment Date.

  • The General Partner or an affiliate of the General Partner may be paid a fee with regard to the Partnership Property; provided that (i) the amount of such fee does not exceed the amount payable by the Lessee to the Lessor pursuant to the Lessor Margin Letter and (ii) such fee is not paid until after the payment of the Limited Partner Preferred Return accrued to the same date upon which the amount payable by Lessee to Lessor under the Lessor Margin Letter is calculated.

  • Each adjustment of the Applicable Margin, Letter of Credit Fee and Commitment Fee shall be made by the Agent as of the first day following the date of delivery of the financial statements and Compliance Certificate pursuant to Sections 5.1(a), 5.1(d) and 5.1(i) (the "Adjustment Date").

Related to Margin Letter

  • Confirmation Letter means a letter issued by any applicable Rating Agency to the effect that neither (a) the resignation of Provident as Servicer under the Servicing Agreement and appointment of Litton as successor Servicer thereunder, nor (b) the amendments e▇▇▇▇▇▇ated by this Agreement, will adversely affect the then current ratings on the Certificates then being rated.

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).

  • Designation Letter means, with respect to any Designated Subsidiary, a letter in the form of Exhibit E hereto signed by such Designated Subsidiary and the Company.

  • Sanction Letter means the letter issued by the Lender sanctioning the Loan with the relevant particulars as mentioned in the letter.

  • Accession Letter means a document substantially in the form set out in Schedule 6 (Form of Accession Letter).