Daily Default Margin definition

Daily Default Margin means, for any day on which a Termination Event has occurred and is continuing, two percent (2.0%) divided by 360.
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Daily Default Margin mean the following percentages ------------ -------------------- divided by 360: Daily Margin Daily Default Margin Interest Coverage Ratio ------------ -------------------- ----------------------- 1.25% 3.25% Less than 1.75 1.00% 3.00% Greater than or equal to 1.75 and less than 3.50 0.75% 2.75% Greater than or equal to 3.50
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Daily Default Margin mean the following percentages divided by 360:
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Examples of Daily Default Margin in a sentence

  • 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.

  • Effective as of March 1, 1997, ----------------------- Schedule 3 to the Purchase Agreement is amended by deleting from the definition of "Daily Margin" and "Daily Default Margin" the number "2.75" as it appears in two place therein and substituting in lieu thereof the number "2.40".


More Definitions of Daily Default Margin

Daily Default Margin means per diem percentage rate at any time equal to (a) sum of (i) the Daily Margin as in effect at such time plus (i) two percent (2.0%) divided by (b) 360.
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Daily Default Margin means, for any day on which a Termination Event has occurred and is continuing, two percent (2.0%) DIVIDED BY 360.
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Daily Default Margin means per diem percentage rate at any time during a Settlement Period equal to (a) the Daily Margin for such Settlement Period plus (b)(i) two percent (2.0%) divided by (ii) 360.
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Daily Default Margin means 2.45% divided by 360. --------------------
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Daily Default Margin mean the following percentages ------------ -------------------- divided by 360: Daily Margin Daily Default Margin Financial Covenants ------------ -------------------- ------------------- 1.50 3.50 Adjusted Interest Coverage Ratio less than 2.75 to 1.0 1.25 3.25 Adjusted Interest Coverage Ratio equal to or greater than 2.75 to 1.0 provided that, for the purposes of calculating the Daily Margin and Daily Default Margin, the Adjusted Interest Coverage Ratio for any period shall be deemed to be the highest of (a) the Adjusted Interest Coverage for such period and (b) the highest Adjusted Interest Coverage Ratio among all previous periods.
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Daily Default Margin the number "2.75" as it appears in two place therein and substituting in lieu thereof the number "2.40".
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Related to Daily Default Margin

  • Note Default Interest Spread means, with respect to the outstanding principal balance of any Note, a rate per annum equal to the lesser of (i) the Maximum Legal Rate minus the Note A Rate or (ii) five percent (5%).

  • 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.

  • Lender Default means (a) the refusal or failure (which has not been cured) of a Lender to make available its portion of any Borrowing or to fund its portion of any Unpaid Drawing under Section 3.4 that it is required to make hereunder, (b) a Lender having notified the Administrative Agent and/or the Borrower that it does not intend to comply with its funding obligations under this Agreement or has made a public statement to that effect with respect to its funding obligations under this Agreement, (c) a Lender has failed to confirm (within one Business Day after a request for such confirmation is received by such Lender) in a manner reasonably satisfactory to the Administrative Agent, the Borrower and, in the case of a Revolving Credit Lender, each Revolving Letter of Credit Issuer that it will comply with its funding obligations under this Agreement, (d) a Lender being deemed insolvent or becoming the subject of a bankruptcy or insolvency proceeding or has admitted in writing that it is insolvent; provided that a Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in the applicable Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide the applicable Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit the applicable Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with the applicable Lender, or (e) a Lender that has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action.

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

  • 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.