Pricing Grid the pricing grid attached hereto as Annex A.
Pricing Grid means, with respect to the 2016 Revolving Loans and 2016 Revolving Facility Commitments, the table set forth below: Pricing Grid for 2016 Revolving Loans Net First Lien Leverage Ratio Applicable Margin for ABR Loans Applicable Margin for Eurocurrency Loans Greater than 1.35 to 1.00 1.75 % 2.75 % Less than or equal to 1.35 to 1.00 1.50 % 2.50 % Pricing Grid for 2016 Revolving Facility Commitments Net First Lien Leverage Ratio Applicable Commitment Fee Greater than 1.35 to 1.00 0.50 % Less than or equal to 1.35 to 1.00 0.375 % For the purposes of the Pricing Grid, changes in the Applicable Margin and Applicable Commitment Fee resulting from changes in the Net First Lien Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which the relevant financial statements and certificate required by Section 5.04(c)(x)(iii) are delivered to the Administrative Agent pursuant to Section 5.04 for each fiscal quarter beginning with the first full fiscal quarter of the Borrower ended after the Closing Date, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements or the certificate referred to in the preceding sentence are not delivered within the time periods specified in Section 5.04, then, at the option of the Administrative Agent or the Required Lenders, until the date that is three Business Days after the date on which such financial statements or such certificate, as applicable, are delivered, the pricing level that is one pricing level higher than the pricing level theretofore in effect shall apply as of the first Business Day after the date on which such financial statements or such certificate, as applicable, were to have been delivered but were not delivered. Each determination of the Net First Lien Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.11.
Pricing Grid means the pricing grid attached hereto as Annex A.
Examples of Pricing Grid in a sentence
Each New Incremental Term Loan shall bear interest at a rate equal to (i) the Base Rate plus the Applicable Margin set forth in the Pricing Grid below or (ii) the Term SOFR Screen Rate, plus 0.10%, plus the Applicable Margin set forth in the Pricing Grid below, as selected by the Borrower.
More Definitions of Pricing Grid
Pricing Grid means the pricing information set forth in Schedule I.
Pricing Grid means, with respect to the Term A Loans, the Revolving Facility Loans and the Applicable Commitment Fee, the table set forth below: Term A Loans and Revolving Facility Loans: Pricing Level Total Secured Net Leverage Ratio Applicable Margin for Eurocurrency Loans Applicable Margin for ABR Loans 1 Greater than or equal to 3.00 to 1.00 2.50% 1.50% 2 Less than 3.00 to 1.00 and greater than or equal to 2.50 to 1.00 2.25% 1.25% 3 Less than 2.50 to 1.00 and greater than or equal to 2.00 to 1.00 2.00% 1.00% 4 Less than 2.00 to 1.00 1.75% 0.75% Applicable Commitment Fee: Pricing Level Total Secured Net Leverage Ratio Applicable Commitment Fee 1 Greater than or equal to 3.50 to 1.00 0.500% 2 Less than 3.50 to 1.00 and greater than or equal to 3.00 to 1.00 0.375% 3 Less than 3.00 to 1.00 0.250% For the purposes of the Pricing Grid, changes in the Applicable Margin and Applicable Commitment Fee resulting from changes in the Total Secured Net Leverage Ratio shall become effective on the date (the “Adjustment Date”) of delivery of the relevant financial statements pursuant to Section 5.04, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 5.04, then, at the option of the Administrative Agent or the Required Lenders, until the date that is three Business Days after the date on which such financial statements are delivered, pricing level 1 shall apply as of the first Business Day after the date on which such financial statements were to have been delivered but were not delivered. Notwithstanding anything to the contrary contained above in this definition or elsewhere in this Agreement, if it is subsequently determined that the Total Secured Net Leverage Ratio set forth in any Compliance Certificate delivered to the Administrative Agent pursuant to Section 5.04(c) is inaccurate as a result of any fraud, intentional misrepresentation or willful misconduct of Parent or any of its subsidiaries or any officer thereof and the result is that the Lenders received interest or fees for any period based on an Applicable Margin and the Applicable Commitment Fee that is less than that which would have been applicable had the Total Secured Net Leverage Ratio been accurately determined, then, for all purposes of this Agreement, the “Applicable Margin” and the “Applicable Commitment Fee” for any day occurring within the period covered by s...
Pricing Grid the table set forth below. Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Greater than or equal to 4.50:1.00 4.50% 3.50% Less than 4.50:1.00 but greater than or equal to 4.00:1.00 4.25% 3.25% Less than 4.00:1.00 but greater than or equal to 3.50:1.00 4.00% 3.00% Less than 3.50:1.00 3.50% 2.50% For the purposes of the Pricing Grid, changes in the Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which financial statements are delivered to the Lenders pursuant to Section 6.1 and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 6.1, then, until the date that is three Business Days after the date on which such financial statements are delivered, the higher rate set forth in each column of the Pricing Grid shall apply. In addition, at all times while an Event of Default shall have occurred and be continuing, the higher rate set forth in each column of the Pricing Grid shall apply. Each determination of the Consolidated Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1.
Pricing Grid means the Pricing Grid and the conventions for determining pricing as set forth on Schedule 1.01.
Pricing Grid shall have the meaning set forth in the definition of “Applicable Margin”.
Pricing Grid means, with respect to the Loans, the applicable table set forth below: Pricing Grid for Revolving Facility Loans and Revolving Facility Commitments Senior Secured Leverage Ratio Applicable Margin for ABR Loans Applicable Margin for Eurocurrency Loans Applicable Commitment Fee Greater than 3.60 to 1.00 2.25% 3.25% 0.50% Less than or equal to 3.60 to 1.00 but greater than 2.85 to 1.00 2.00% 3.00% 0.375% Less than or equal to 2.85 to 1.00 1.75% 2.75% 0.25% For the purposes of the Pricing Grid, changes in the Applicable Margin and Applicable Commitment Fee resulting from changes in the Senior Secured Leverage Ratio shall become effective on the date (the “Adjustment Date”) of delivery of the relevant financial statements pursuant to Section 5.04 for each fiscal quarter beginning with the first full fiscal quarter of the Borrower after the Closing Date, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 5.04, then, at the option of the Administrative Agent or the Required Lenders, until the date that is three Business Days after the date on which such financial statements are delivered, the pricing level that is one pricing level higher than the pricing level theretofore in effect shall apply as of the first Business Day after the date on which such financial statements were to have been delivered but were not delivered. Each determination of the Senior Secured Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.10. Notwithstanding anything to the contrary contained above in this definition or elsewhere in this Agreement, if it is subsequently determined that the Senior Secured Leverage Ratio set forth in any compliance certificate delivered to the Administrative Agent pursuant to Section 5.04(c) is inaccurate as a result of any fraud, intentional misrepresentation or willful misconduct of the Borrower or any officer thereof and the result is that the Lenders received interest or fees for any period based on an Applicable Margin and the Applicable Commitment Fee that is less than that which would have been applicable had the Senior Secured Leverage Ratio been accurately determined, then, for all purposes of this Agreement, the “Applicable Margin” and the “Applicable Commitment Fee” for any day occurring within the period covered by ...
Pricing Grid means (i) prior to the Investment Grade Pricing Effective Date, the pricing grid set forth in the definition of “Leverage-Based Applicable Rate” and (ii) on and after the Investment Grade Pricing Effective Date, the pricing grid set forth in the definition of “Ratings-Based Applicable Rate”.