Pricing Schedule. If the Commission has not approved a TELRIC rate for a particular Network Element to be provided on an unbundled basis or Combination of Network Elements, SBC-AMERITECH shall establish an interim rate using a methodology consistent with Section 252(d) of the Act. Once the Commission establishes a final TELRIC rate for that particular Network Element or combination of Network Elements to replace the interim rate established by SBC-AMERITECH, (or the Commission rejects the same) the Parties shall perform a “true-up”. No other rates shall apply.
Pricing Schedule. The Floating Rate Margin, the Eurodollar Margin, the rate per annum applicable for non-use fees and the rate per annum applicable for letter of credit fees for Financial Letters of Credit and Non-Financial Letters of Credit, respectively, shall be determined in accordance with the table below and the other provisions of this Schedule 1.1. LEVEL I Levex XX Xxxxx XXX Xxxxx XX Xxxxx X XXXXX XX Rate for Non-Use Fee 0.250% 0.300% 0.350% 0.350% 0.400% 0.450% Eurodollar Margin 1.000% 1.250% 1.500% 1.750% 2.000% 2.250% Floating Rate Margin 0 0 0.250% 0.500% 0.750% 0.750% Rate for Non-Financial LC Fee 0.500% 0.625% 0.750% 0.875% 1.000% 1.000% Rate for Financial LC Fee 1.000% 1.250% 1.500% 1.750% 2.000% 2.000% Level I applies when the Funded Debt to EBITDA Ratio is less than 1.50 to 1.0. Level II applies when the Funded Debt to EBITDA Ratio is equal to or greater than 1.50 to 1.0 but less than 2.00 to 1.0. Level III applies when the Funded Debt to EBITDA Ratio is equal to or greater than 2.00 to 1.0 but less than 2.50 to 1.0. Level IV applies when the Funded Debt to EBITDA Ratio is equal to or greater than 2.50 to 1.0 but less than 3.00 to 1.0. Level V applies when the Funded Debt to EBITDA Ratio is equal to or greater than 3.00 to 1.0 but less than 3.50 to 1.0. Level VI applies when the Funded Debt to EBITDA Ratio is equal to or greater than 3.50 to 1.0. Initially, the applicable Level shall be Level IV. The applicable Level shall be adjusted, to the extent applicable, 45 days (or, in the case of the last Fiscal Quarter of any Fiscal Year, 90 days) after the end of each Fiscal Quarter based on the Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter; provided that if the Company fails to deliver the financial statements required by Section 10.1.1 or 10.1.2, as applicable, and the related certificate required by Section 10.1.3 by the 45th day (or, if applicable, the 90th day) after any Fiscal Quarter, Level VI shall apply until such financial statements are delivered. SCHEDULE 2.1
Pricing Schedule. Within two Business Days after the Initial Short Position has been established, Buyer shall deliver to Seller the pricing schedule (the “Pricing Schedule”), substantially in the form attached hereto as Exhibit A, setting forth the Terms of Sale. The date of delivery of the Pricing Schedule shall be referred to as the “Notice Date”.
Pricing Schedule. SunTrust may revise the Pricing Schedule set forth in the Program Guidelines from time to time upon [**] Business Days prior written notice to FMC; provided, however, that SunTrust agrees that any such change made by it shall be commercially reasonable, in accordance with the representation and warranty made in Section 8.2.3 of this Agreement, and with respect to Fixed Rate Loans, based on market conditions or fluctuations in the cost of certain financial instruments. Unless otherwise agreed by SunTrust and FMC in writing, changes in the Pricing Schedule shall be effective for and applied only to Applications submitted for a credit check after the effective date of such changes, and not to Applications for which a credit check has already been completed.