Pricing Parity Sample Clauses

A Pricing Parity clause requires one party, typically a seller or service provider, to offer the other party prices, terms, or conditions that are at least as favorable as those offered to any other customer or channel. In practice, this means if the seller provides a lower price or better terms to another buyer or platform, they must extend the same benefits to the party protected by the clause. This clause ensures that the protected party remains competitive and is not disadvantaged by less favorable pricing or terms compared to others, thereby preventing discrimination and maintaining fair market conditions.
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Pricing Parity. In the event that the Applicable Rate in respect of Bridge Loans made under any Incremental Facility is higher than the Applicable Rate then in effect, then the Applicable Rate in respect of Bridge Loans under the Bridge Facility immediately prior to the Increase Effective Date for the applicable Incremental Facility shall be automatically increased to a rate equal to the Applicable Rate in respect of such Incremental Facility.
Pricing Parity. In the event that the Applicable Rate in respect of Loans made under any Incremental Facility is more than 0.50% per annum higher than the Applicable Rate then in effect for (i) if such Incremental Facility consists of Term B Commitments, Term B Loans or (ii) if such Incremental Facility consists of Revolving Credit Commitments, Revolving Credit Loans, then the Applicable Rate in respect of Loans under the Term B Facility or the Revolving Credit Facility, as applicable, immediately prior to the Increase Effective Date for the applicable Incremental Facility shall be automatically increased to a rate equal to the Applicable Rate in respect of such Incremental Facility. ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
Pricing Parity. In the event that any Loans made under any Incremental Facility have, at the Increase Effective Date, an effective interest rate margin or weighted average yield (to be determined by the Administrative Agent consistent with generally accepted financial practice, after giving effect to, among other factors, call protection, margins, interest rate floors, upfront or similar fees or original issue discount shared with all lenders or holders thereof, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders or holders thereof (based on an assumed three-year average life to maturity or, if lesser, the remaining life to maturity of the Term B1 Loans or the Revolving Credit Loans, as applicable)) that is higher than the Applicable Rate for (i) if such Incremental Facility consists of Term B1 Commitments, the Term B1 Loans or (ii) if such Incremental Facility consists of Revolving Credit Commitments, the Revolving Credit Loans, then the Applicable Rate in respect of Loans under the Term B1 Facility or the Revolving Credit Facility, as applicable, immediately prior to the Increase Effective Date for the applicable Incremental Facility shall be automatically increased to a rate equal to the greater of the effective interest rate margin or weighted average yield, as applicable, in respect of such Incremental Facility.” (h) Section 7.01(i) is amended by substituting for the amount: “$150,000,000” the amount: “$250,000,000”. (i) Section 7.01(p) is amended by substituting for the amount: “$15,000,000” the amount: “$30,000,000”. (j) Section 7.02(a)(i)(C) is amended by substituting for the amount: “$1,200,000,000” the phrase: “$1,650,000,000 plus the sum of all cash proceeds of capital contributions to and issuances or sales of common Equity Interests (excluding convertible debt securities) received after June 18, 2008 up to a maximum of $200,000,000 in the aggregate”. (k) Section 7.02(a)(ii)(D) is amended by substituting for the amount: “$150,000,000” the amount: “$250,000,000”. (l) Section 7.02(a)(ii)(I) is amended by substituting for the amount: “$15,000,000” the amount: “$30,000,000”. (m) Section 7.06(a) is amended by inserting the phrase: “, or the incurrence of any obligation (contingent or otherwise) to declare or make,” immediately after the phrase: “the declaration or making of” where it appears in the tenth line thereof. (n) Section 7.06(b) is amended by substituting f...