Reference Margin definition

Reference Margin shall have the meaning assigned to such term in Section 2.27.
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Reference Margin means the average of an applicant’s program margins for 3 of the 5 years immediately preceding a claim year that have the highest program margins and as may be adjusted by the Corporation to take into account structural change;
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Reference Margin means, prior to a given program year, the three-year average of the production margin based on the preceding five-year period, excluding the years with the highest and lowest production margins, or, in cases where production margin data for the previous five years is not available, the previous three years’ average of the production margin;
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Examples of Reference Margin in a sentence

  • If using AgriStability, producers must submit program enrolment/fee notice and Proof of Inventory using 2 years of honey inventory valuations from their AgriStability Reference Margin Summary.

  • If provided in the data submittals, the regional/subregional Target Capacity Margin level is adopted as the NERC Reference Margin Level.

  • Planning reserve margins in half of the NERC regions and sub regions would drop below the Reference Margin Level.30 Combined, these rules could result in unit retirements of up to 78 GW.

  • In some cases, the Reference Margin Level will fluctuate over the duration of the assessment period, or may be different for the summer and winter seasons.

  • If such a requirement exists, the respective assessment area generally adopts this requirement as the Reference Margin Level.

  • The Reference Margin Level can be determined using both deterministic and probabilistic (based on a 0.1/year loss of load study) approaches.

  • In many assessment areas, a Reference Margin Level is established by a state, provincial authority, ISO/RTO, or other regulatory body.

  • Those regions and sub-regions whose capacity margins are projected to fall below NERC’s Reference Margin Levels in the next few years need to add resources quickly in order to maintain bulk power system reliability.

  • NERC Reference Margin Level (%) — Either the Target Capacity Margin provided by the region/sub-region or NERC assigned based on capacity mix (i.e. thermal/hydro).Key Findings for 2008-20171.

  • If not, NERC assigned 13 percent capacity margin for predominately thermal systems and for predominately hydro systems, 9 percent.Certain areas (See Figure 1), however, may still need additional resources in the near-term to ensure adequate capacity margins when comparing Net Capacity Resources margins to the NERC Reference Margin Level.


More Definitions of Reference Margin

Reference Margin means the amount determined under clause 5.3;
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Reference Margin means zero percent (0%) for Advances, and one quarter of one percent (0.25%) for the Term Advance.
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Reference Margin means, as of any date, the rate per annum in effect on such date as set forth in the definition of “Applicable Margin” under the heading “Reference Margin.”
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Related to Reference Margin

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Note Margin With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • LIBOR Rate Margin has the meaning set forth in the definition of Applicable Margin.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable Margins means collectively the Applicable Revolver Index Margin, the Applicable Term Loan Index Margin, the Applicable Revolver LIBOR Margin and the Applicable Term Loan LIBOR Margin.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Prime Rate Margin is set forth on Schedule I hereto.

  • Applicable Base Rate Margin means, on any day, a rate per annum equal to the higher of (a) the Applicable Eurocurrency Margin for such day minus 1.00% and (b) 0.00%.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.4(a).

  • LIBOR Applicable Margin means, as of any date with respect to any LIBOR Interest Period, the Applicable Margin in effect for such LIBOR Interest Period as determined in accordance with Section 2.4 hereof.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin I 52.50 II 62.50 III 72.50 IV 82.50 V 92.50

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Eurodollar Rate Margin means the margin over the Eurodollar Rate used in determining the rate of interest of Eurodollar Rate Loans pursuant to subsection 2.2A.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Reference Rate means the rate specified as such hereon.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.