Daily Margin definition

Daily Margin means, for any day, the Per Annum Daily Margin on such day divided by 360.

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Daily Margin means, for any date of determination, for the designated Level, Utilization Ratio applicable to such date of determination and Type of Advance, the following interest rates per annum:

Daily Margin means, for any date of determination, the interest rate ------------ per annum set forth in the table below that corresponds to (i) the Level applicable to such date of determination and (ii) the Utilization Ratio applicable to such date of determination: Daily Margin when Daily Margin when Utilization Ratio Utilization Ratio is less than is greater than or 0.50:1.00 equal to 0.50:1.00 ----------------- ------------------ ▇▇▇▇▇ ▇ 0.12% 0.17% ▇▇▇▇▇ ▇ 0.13% 0.18% ▇▇▇▇▇ ▇ 0.17% 0.22% ▇▇▇▇▇ ▇ 0.20% 0.25% ▇▇▇▇▇ ▇ 0.25% 0.30%

Examples of Daily Margin in a sentence

• Except as otherwise provided in Section 3.9, the unpaid principal amount of any Base Rate Advance shall bear interest at a fluctuating rate per annum equal to the Base Rate plus the weighted average of the Daily Margin for each day during the applicable period.

• Except as otherwise provided in Section 3.7, (i) the unpaid principal amount of any Term Rate Advance shall bear interest at a rate per annum equal to Adjusted Term SOFR for such Term Rate Advance plus the Daily Margin for such Term Rate Advance for each day during the applicable period.

• Except as otherwise provided in Section 3.7, the unpaid principal amount of any Base Rate Advance shall bear interest at a fluctuating rate per annum equal to the Base Rate plus the Daily Margin for such Base Rate Advance for each day during the applicable period.

• The Company shall pay, on the last day of each Fiscal Quarter, a LC Reimbursement Fee to the Administrative Agent, for the pro rata benefit of the Banks in accordance with their respective Pro Rata Shares of the Commitment, in an amount equal to the average daily face amount of Letters of Credit outstanding during such Fiscal Quarter times the weighted average of the Daily Margin for EURO Rate Advances (as if the Utilization Ratio were greater than 0.50:1.00) for each day during such period.

• For any day, the product of (i) the Capital Investment and (ii) the sum of the Daily Margin plus Daily Default Margin, if any, for such day.

More Definitions of Daily Margin

Daily Margin means, for any date of determination, for the designated Level and the Type of Advance, the following interest rates per annum:

Daily Margin means, for any date of determination, the interest rate per annum set forth in the table below that corresponds to (i) the Level applicable to the Company in respect of its Rating as set forth below for such date of determination and (ii) the Class and Type of Advance: ▇▇▇▇▇ ▇ 1.125% 0.125% 1.250% 0.250% ▇▇▇▇▇ ▇ 1.375% 0.375% 1.500% 0.500% ▇▇▇▇▇ ▇ 1.625% 0.625% 1.750% 0.750% ▇▇▇▇▇ ▇ 1.875% 0.875% 2.000% 1.000% ▇▇▇▇▇ ▇ 2.125% 1.125% 2.250% 1.250%

Daily Margin means, for any date of determination, for the designated Level, Utilization Ratio applicable to such date of determination and Type of Advance, the following interest rates per annum: Level 1 0 % 0.1800 % 0.10 % 0.2800 % ▇▇▇▇▇ ▇ 0 % 0.2150 % 0.10 % 0.3150 % ▇▇▇▇▇ ▇ 0 % 0.2500 % 0.125 % 0.3750 % ▇▇▇▇▇ ▇ 0 % 0.4000 % 0.175 % 0.5750 % ▇▇▇▇▇ ▇ 0 % 0.5500 % 0.25 % 0.8000 %

Daily Margin means, for any date of determination, for the designated Level and the Type of Advance, the following interest rates per annum: ▇▇▇▇▇ ▇ 0.000 % 0.750 % ▇▇▇▇▇ ▇ 0.000 % 0.875 % ▇▇▇▇▇ ▇ 0.000 % 1.000 % ▇▇▇▇▇ ▇ 0.125 % 1.125 % ▇▇▇▇▇ ▇ 0.375 % 1.375 % ▇▇▇▇▇ ▇ 0.625 % 1.625 % For purposes of this definition, (a) if any change in the rating established by S&P or ▇▇▇▇▇’▇ with respect to Long-Term Debt shall result in a change in the Level, the change in the Daily Margin shall be effective as of the date on which such rating change is publicly announced and (b) if the ratings established by both of S&P and ▇▇▇▇▇’▇ with respect to Long-Term Debt are unavailable for any reason for any day, then the applicable level for such day shall be deemed to be ▇▇▇▇▇ ▇ (or, if the Majority Banks consent in writing, such other Level as may be reasonably determined by the Majority Banks from a rating with respect to Long-Term Debt for such day established by another rating agency reasonably acceptable to the Majority Banks).

Daily Margin and "Daily Default Margin" mean the following percentages ------------ -------------------- divided by 360: Daily Margin Daily Default Margin Interest Coverage Ratio ------------ -------------------- -----------------------

Daily Margin means, for any date of determination, the interest rate per annum set forth in the table below that corresponds to (i) the Level applicable to the Company for such date of determination and (ii) the Class and Type of Advance: ▇▇▇▇▇ ▇ 0.875% 0.000% 1.000% 0.000% ▇▇▇▇▇ ▇ 1.125% 0.125% 1.250% 0.250% ▇▇▇▇▇ ▇ 1.375% 0.375% 1.500% 0.500% ▇▇▇▇▇ ▇ 1.625% 0.625% 1.750% 0.750% ▇▇▇▇▇ ▇ 1.875% 0.875% 2.000% 1.000% For the avoidance of doubt, at any time prior to the First Amendment Effective Date, the Daily Margin shall be determined in accordance with the Original Credit Agreement.

Daily Margin means, for any date of determination, the interest rate per annum set forth in the table below that corresponds to (i) the Level applicable to such date of determination and (ii) the Utilization Ratio applicable to such date of determination: