Applicable Pricing definition

Applicable Pricing. Level" in effect at any time shall be deemed to be the level specified in the schedule below opposite the Total Leverage Ratio in effect on September 30, 1997 (as certified by the Company and set forth in a certificate of a Responsible Officer delivered pursuant to Section 7.01(g) hereof); provided that if the Total Leverage Ratio as at the last day of any fiscal quarter of the Parent ending on or after September 30, 1997 shall fall within any of the ranges set forth in the schedule below then, subject to the delivery to the Administrative Agent of a certificate of a Responsible Officer of the Parent pursuant to the last paragraph of Section 9.01 demonstrating such fact prior to the end of the next succeeding fiscal quarter, the Applicable Pricing Level shall be changed to the Applicable Pricing Level set forth opposite such range in such schedule during the period commencing on the Quarterly Date on or immediately following the date of receipt of such certificate to but not including the next succeeding Quarterly Date thereafter: ===================================== ======================================== Applicable Pricing Level Total Leverage Ratio ===================================== ========================================

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Applicable Pricing. As applicable, the Base Rate Margin, the Eurodollar Rate Margin, the Letter of Credit Rate, or the Exit Commitment Fee Rate, as the case may be. ASSEMBLY (OR ATD): Assembly Transportation Distribution Systems, Inc., a Washington corporation (and its successors as operator of the distribution center of the Borrower in Kent, Washington, or any similar facility from time to time of the Borrower).

Applicable Pricing. Level" The definition of ------------------------ "Applicable Pricing Level" in Section 1.1 of the Loan Agreement ----------- is hereby amended to read as follows:

Examples of Applicable Pricing in a sentence

• The Borrower shall pay interest on each Canadian Prime Rate Loan owing by it during each Interest Period applicable thereto in Canadian Dollars at a rate per annum equal to the Canadian Prime Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate.

• The Borrower shall pay interest on each U.S. Base Rate Loan owing by it during each Interest Period applicable thereto in United States Dollars at a rate per annum equal to the U.S. Base Rate in effect from time to time during such Interest Period plus the Applicable Pricing Rate.

• Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and with respect to payments of the Purchase Price, the Price Differential thereon shall be payable at the Applicable Pricing Rate during such extension.

• The Borrower shall pay interest on each Libor Loan owing by it during each Interest Period applicable thereto in United States Dollars at a rate per annum, calculated on the basis of a 360 day year, equal to the Libor Rate with respect to such Interest Period plus the Applicable Pricing Rate.

• Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day, and with respect to payments of the Purchase Price, the price differential thereon shall be payable at the Applicable Pricing Rate during such extension.

• For each Purchased Asset or Transaction as of any date of determination, an amount equal to the product of (a) (i) prior to the occurrence of an Event of Default, the sum of the Applicable Pricing Rate plus the applicable Type Margin, or (ii) following the occurrence and during the continuance of an Event of Default, the Default Rate, and (b) the Purchase Price for such Purchased Asset or Transaction.

• For the avoidance of doubt, from and after the date on which a Purchased Asset is deemed to be a Noncompliant Asset, the Purchase Price for such Purchased Asset shall bear a Price Differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for a Noncompliant Asset.

• The Borrower shall pay interest on each SOFR Loan owing by it during each Interest Period applicable thereto in United States Dollars at a rate per annum, calculated on the basis of a 360 day year, equal to the sum of Adjusted Term SOFR with respect to such Interest Period plus the Applicable Pricing Rate.

• For the avoidance of doubt, upon and after the occurrence of an Aging Event with respect to a Purchased Asset, the Purchase Price for such Purchased Asset shall bear a Price Differential at an annual rate equal to the sum of the Applicable Pricing Rate plus the Type Margin for an Aging Event Asset.

• Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, the due date thereof shall be the succeeding Business Day, and with respect to payments of the Purchase Price, the Price Differential thereon shall be payable at an annual rate equal to the sum of the Applicable Pricing Rate plus the applicable Type Margin during such extension.

More Definitions of Applicable Pricing

Applicable Pricing means the pricing applicable to your Subscription as of the date of your Order Form, which will be based on AUDIOKINETIC’s standard pricing for access to and use of Strata current as of the Effective Date, available on AUDIOKINETIC’s website and may include discounts or promotions;

Applicable Pricing. For any Interest Period, with respect to the ---------- ------- Eurocurrency Rate (applicable to Eurocurrency Loans pursuant to Section 2.5(a) hereof) and the Facility Fee, the rate per annum specified in the Rate Level row of the table below as the Eurocurrency Margin and Facility Fee Rate, respectively, opposite the Company's senior unsecured long-term debt ratings in effect on the last day of such Interest Period as assigned by ▇▇▇▇▇'▇ Investors Service, Inc. ("Moody's") and Standard & Poor's Ratings Group ("Standard & Poor's"), respectively: Rate Senior Unsecured Eurocurrency Facility Fee Level Long-Term Debt Rating Margin Rate ----- --------------------- ------ ---- 1 Baa1/BBB+ 0.50% 0.25% 2 Baa2/BBB 0.75% 0.25% 3 Baa3/BBB- 0.95% 0.30% 4 Ba1/BB+ 1.15% 0.35% 5 lower than Ba1/BB+ 1.50% 0.50% provided, however, (i) that the Eurocurrency Margin and Facility Fee Rate shall not be less than as set forth in Rate Level 2 above for the period commencing on the date hereof and ending on the date of receipt by the Administrative Agent of the Officer's Certificate referred to in Section 7.2(b) for the fiscal period ending March 31, 2003; (ii) in the event of a single split rating by such rating organizations, the higher rating will apply, and in the event of a double (or more) split rating by such rating organizations, the Eurocurrency Margin and Facility Fee Rate shall be as set forth in the next Rate Level below the Rate Level in which the highest rating falls; and (iii) if no rating is available on any date of determination from either Moody's or Standard & Poor's, the Eurocurrency Margin and Facility Fee Rate shall be as set forth in Rate Level 5. The Prime Rate is applicable (without margin) to Prime Rate Loans as specified in Section 2.5(b).

Applicable Pricing. For any Interest Period, with respect to the Eurocurrency Rate (applicable to Eurocurrency Loans pursuant to Section 2.5(a) hereof) and the Facility Fee, the rate per annum specified in the Rate Level row of the table below as the Eurocurrency Margin and Facility Fee Rate, respectively, opposite the Company's senior unsecured long-term debt ratings in effect on the last day of such Interest Period as assigned by Moody's Investors Service, Inc. ("Moody's") and Standard & Poor's R▇▇▇▇▇▇ Group ("Standard & Poor's"), respectively: ------------------ ----------------------------------- -------------------------- ------------------------- Rate Senior Unsecured Eurocurrency Facility Fee Level Long-Term Debt Rating Margin Rate ------------------ ----------------------------------- -------------------------- ------------------------- 1 A3/A- 0.40% 0.15% ------------------ ----------------------------------- -------------------------- ------------------------- 2 Baa1/BBB+ 0.50% 0.25% ------------------ ----------------------------------- -------------------------- ------------------------- 3 Baa2/BBB 0.75% 0.25% ------------------ ----------------------------------- -------------------------- ------------------------- 4 Baa3/BBB- 1.00% 0.25% ------------------ ----------------------------------- -------------------------- ------------------------- 5 lower than Baa3/BBB- 1.25% 0.25% ------------------ ----------------------------------- -------------------------- ------------------------- provided, however, (i) that the Eurocurrency Margin and Facility Fee Rate shall not be less than as set forth in Rate Level 2 above for the period commencing on the date hereof and ending on the date of receipt by the Administrative Agent of the Officer's Certificate referred to in Section 7.2(b) for the fiscal period ending September 30, 2000; (ii) in the event of a single split rating by such rating organizations, the higher rating will apply, and in the event of a double (or more) split rating by such rating organizations, the Eurocurrency Margin and Facility Fee Rate shall be as set forth in the next Rate Level below the Rate Level in which the highest rating falls; and (iii) if no rating is available on any date of determination from either Moody's or Standard & Poor's, the Eurocurrency Margin and Facility Fee Rate shall be as set forth in Rate Level 5. The Prime Rate is applicable (without margin) to Prime Rate Loans as specified in Section 2.5(b).

Applicable Pricing. Level Debt Ratings Consolidated Leverage Ratio ------------- ------------ --------------------------- I BBB/Baa2 or better < or =0.75:1 II BBB-/Baa3 >0.75:1 but < or =1.00:1 III BB+/Ba1 >1.00:1 but < or =1.25:1 IV BB/Ba2 >