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 Applicable Eurocurrency Margin, the Applicable Base Rate Margin, the Non-Use Fee Rate and the LC Fee Rate shall be determined based on the applicable Leverage Ratio as set forth below. Level Applicable Eurocurrency Applicable Base Non-Use Fee Rate ----- Margin/LC Fee Rate for Rate Margin ---------------- Letters of Credit ------------- ------------------ Level I 0.625% 0.000% 0.150% Level II 0.750% 0.000% 0.175% Level III 0.875% 0.000% 0.200% Level IV 1.000% 0.000% 0.225% Level V 1.250% 0.000% 0.275% Level VI 1.625% 0.375% 0.350% Level I applies when the Leverage Ratio is less than or equal to 1.00 to 1. Level II applies when the Leverage Ratio is greater than 1.00 to 1 but less than or equal to 1.50 to 1. Level III applies when the Leverage Ratio is greater than 1.50 to 1 but less than or equal to 2.00 to 1. Level IV applies when the Leverage Ratio is greater than 2.00 to 1 but less than or equal to 2.50 to 1. Level V applies when the Leverage Ratio is greater than 2.50 to 1 but less than or equal to 3.00 to 1. Level VI applies when the Leverage Ratio is greater than 3.00 to 1. Initially, the applicable Level shall be Level V. Beginning with September 28, 2001, 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 Leverage 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, by the due date therefor, Level VI shall apply from such due date until such financial statements are delivered. Any adjustment to a Level shall apply immediately for all outstanding Loans and Letters of Credit.
Pricing Schedule. The Applicable Margin with respect to the Commitment Fees, US Advances, Swing Line Advances (if applicable), and the Canadian Advances (if any) shall be determined in accordance with the following Table based on the Leverage Ratio as reflected in the Compliance Certificate delivered in connection with the Financial Statements most recently delivered pursuant to Section 5.2. Adjustments, if any, to such Applicable Margin shall be effective on the date the US Administrative Agent receives the applicable Financial Statements and corresponding Compliance Certificate as required by the terms of this Agreement; provided that no such change shall affect the Applicable Margin for any outstanding B/A Advances until the end of the then-current term for such B/A Advance. Notwithstanding the foregoing, the Borrowers shall be deemed to be at Level III from the Amendment No. 1 Effective Date until delivery of its unaudited Financial Statements and corresponding Compliance Certificate for the fiscal quarter ended June 30, 2020. If the Borrowers fail to deliver the Financial Statements and corresponding Compliance Certificate to the US Administrative Agent at the time required pursuant to Section 5.2, then effective as of the date such Financial Statements and Compliance Certificate were required to the delivered pursuant to Section 5.2, the Applicable Margin with respect to Commitment Fees, US Advances, Swing Line Advances (if applicable) and Canadian Advances (if any) shall be determined at Level V and shall remain at such level until the date such Financial Statements and corresponding Compliance Certificate are so delivered by the US Borrower. Notwithstanding anything to the contrary contained herein, the determination of the Applicable Margin for any period shall be subject to the provisions of Section 2.8(e). For the avoidance of doubt, the levels on the pricing grid set forth below are set forth from the lowest (Level I) to the highest (Level V). Applicable Margin Leverage Ratio Eurocurrency / B/A Advance Base Rate Advance Commitment Fee Level I Is less than 1.00 to 1.00 2.75% 1.75% 0.375% Level II Is equal to or greater than 1.00 to 1.00 but less than 1.50 to 1.00 3.00% 2.00% 0.375% Level III Is equal to or greater than 1.50 to 1.00 but less than 2.00 to 1.00 3.25% 2.25% 0.50% Level IV Is greater than or equal to 2.00 to 1.00 but less than 3.00 to 1.00 3.50% 2.50% 0.50% Level V Is greater than or equal to 3.00 to 1.00 3.75% 2.75% 0.50% SCHEDULE II Comm...
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.