Margin Change definition

Margin Change means (i) for each calendar year commencing with the 2016 calendar year to and including the 2032 calendar year, two and one-half percent (2.50%) and (ii) for the 2033 calendar year and each calendar year thereafter, one and one-half percent (1.50%).
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Margin Change shall have the meaning set forth in Section 2.3.5. hereof.
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Margin Change shall have the meaning set forth in Section 2.4.5. hereof.
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Examples of Margin Change in a sentence

  • Each Margin Change shall be effective, including with respect to Loans which are then outstanding, as of the date on which the Financial Statements referred to in Section 7.1. hereof are provided to the Administrative Agent (notwithstanding the fact that the calculation of the Leverage Ratio associated with such Margin Change is reviewed and verified by the Administrative Agent at a later date).

  • In making such calculation, and for purposes of the determination of any Margin Change only, Consolidated EBITDA shall be calculated on an annualized basis by reference to the most recent Fiscal Quarter then ending multiplied by four (4).

  • The Administrative Agent shall, as soon as practicable, promptly notify each Lender of the occurrence of any Margin Change.

  • The Participant’s interest in a number of Performance Units, not to exceed 200% of the Target Performance Units, shall become Vested based on Cumulative Margin Change as set forth in this paragraph 2(c).

  • This is an “Applicable Margin Change Notice” under, as defined in, and with the effect set forth in, the Credit Agreement.

  • After giving Pro Forma Effect to [___________________], the Loan to Value Ratio was __%, as computed on Attachment D hereto[, [satisfying][not satisfying] Section [_____] and Section 7.2.4(c) of the Credit Agreement, which require that [1] If a decrease is warranted, the Request for Applicable Margin Change must be checked and completed.

  • With respect to Eurodollar Loans, each Margin Change shall be effective as of the date on which the Bank performs the required calculation of Debt Service Coverage Ratio and Debt to Worth Ratio Coverage as aforesaid and then only with respect to Eurodollar Loans which are requested, continued or converted on or after such date.

  • In such instance, it shall be offered by seniority and in the event no one wants it, it shall be assigned to the least senior qualified Pharmacist on duty on the shift prior to the shift where the overtime is needed; however, no one shall be required to work more than two (2) consecutive eight (8) hour shifts except in emergency situatiom.

  • Each Margin Change shall be effective, including with respect to Loans which are then outstanding, as of the date on which the Financial Statements referred to in Section 7.1. hereof are provided to the Bank (notwithstanding the fact that the calculation of the Leverage Ratio associated with such Margin Change is reviewed and verified by the Bank at a later date).

  • The Total Funded Debt to EBITDA ratio in effect as of a Calculation Date shall establish the Applicable Margins that shall be effective as of the date designated by the lender as the Applicable Margin Change Date.

Related to Margin Change

  • Margin Call means the situation when the Company informs the Client to deposit additional Margin when the Client does not have enough Margin to open or maintain open positions.

  • Margin Deficit shall have the meaning assigned thereto in Section 6(a) hereof.

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs; and

  • Adverse Recommendation Change has the meaning set forth in Section 6.02(d).

  • Potential Change of Control Announcement means any public announcement or statement by the Issuer or by any actual or potential bidder or any designated adviser thereto relating to any specific or any near-term potential Change of Control (whereby "near-term" shall mean that such potential Change of Control is reasonably likely to occur, or is publicly stated by the Issuer or by any such actual or potential bidder or any such designated adviser to be intended to occur, within four months of the date of such announcement or statement).