Per Annum Daily Margin means (a) with respect to Capital Investment made by the Conduit Purchaser, 0.75%, and (b) with respect to Capital Investment made by the Committed Purchaser, (i) at the LIBOR Rate, 2.25% and (ii) at the Index Rate, 1.25%.
Per Annum Daily Margin means:
Per Annum Daily Margin shall have the meaning assigned to it in the Fee Letter:
More Definitions of Per Annum Daily Margin
Per Annum Daily Margin set forth in Annex X to the Receivables Purchase and Servicing Agreement shall be amended to delete such definition in its entirety and to substitute the following therefor:
Per Annum Daily Margin means with respect to Capital Investment made by the Purchasers, two hundred twenty-five basis points (2.25%).
Per Annum Daily Margin shall have the meaning assigned to it in the Fee Letter.
Per Annum Daily Margin means a rate per annum equal to (i) 1.10% with respect to the Conduit Lender's Outstanding Principal Amount and (ii) 2.50% with respect to the Committed Lender's Outstanding Principal Amount.
Per Annum Daily Margin shall have the meaning assigned to it in the Redwood Fee Letter.
Per Annum Daily Margin set forth in Annex X to the Funding Agreement, the Sale Agreement and the Servicing Agreement is hereby deleted in its entirety, and the following new definition is substituted in lieu thereof:
Per Annum Daily Margin means a rate per annum equal to: (a) 2.50% with respect to the Committed Lender's Outstanding Principal Amount, and (b) with respect to the Conduit Lender's Outstanding Principal Amount, (i) from the Second Amendment Effective Date through November 15, 2001, 1.25% and (ii) during any period thereafter, the Per Annum Daily Margin shall be subject to adjustment (upwards or downwards) prospectively on a quarterly basis as determined by the Fixed Charge Coverage Ratio (as defined in Annex 4.02(p) to the Sale and Contribution Agreement) of the Parent and its Subsidiaries for the Rolling Period (as defined in Annex 4.02(p) to the Sale and Contribution Agreement) for the immediately preceding fiscal quarter of the Parent, with each such adjustment to be effective on the fifth (5th) Business Day after the Administrative Agent's receipt of the Parent's quarterly financial statements (or in the case of the last fiscal quarter of any fiscal year, annual audited financial statements) and quarterly Compliance Certificate (as defined in Annex 4.02(h) to the Sale and Contribution Agreement) (or in the case of the last fiscal quarter of any fiscal year, the Parent's annual Compliance Certificate) meeting the requirements of Annex 4.02(h) to the Sale and Contribution Agreement for each fiscal quarter of Parent. Each quarterly adjustment in such Per Annum Daily Margin will be determined by reference to the Fixed Charge Coverage Ratio of Parent and its Subsidiaries for the Rolling Period ending with such fiscal quarter as shown in such financial statements and Compliance Certificate as follows: Fixed Charge Coverage Ratio Per Annum Daily Margin < 0.40:1.00 2.00% 0.40:1.00 but < 0.60: 1.00 1.50% 0.60:1.0 but < 1.25: 1.00 1.25% 1.25:1.0 but < 1.70: 1.00 1.00% 1.70:1.00 0.75%