Applicable Pricing definition

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 >1.25:1 but < or =1.75:1 V BB-/Ba3 or worse or no rating >1.75:1 Borrower must, pursuant to Section 7.1(j), provide the Administrative Agent with notice of each change in the Applicable Pricing Level that is due to any change in a Debt Rating. Any change in the Applicable Pricing Level resulting from a change in the Consolidated Leverage Ratio shall be effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.2; provided, however, that if a Compliance Certificate is not delivered on or prior to a date required by Section 7.2, and if the Compliance Certificate indicates that the Applicable Pricing Level of Borrower will increase (i.e., becomes less favorable to Borrower), the date of increase in the Applicable Pricing Level will be deemed to be the date upon which such Compliance Certificate was due under Section 7.2, not the date upon which such Compliance Certificate was delivered. In the event that there is a difference in the Applicable Pricing Levels determined by the Debt Ratings and the Consolidated Leverage Ratio, respectively, the lower of such Applicable Pricing Levels shall apply (with the Applicable Pricing Level I being the lowest and the Applicable Pricing Level V being the highest), unless there is a difference in the Applicable Pricing Levels (as indicated by the Debt Ratings and the Consolidated Leverage Ratio) of more than one level, in which case, the Applicable Pricing Level that is one level lower than the Applicable Pricing Level of the higher Applicable Pricing Level shall apply.
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Applicable Pricing. Level" The definition of ------------------------ "Applicable Pricing Level" in Section 1.1 of the Loan Agreement ----------- is hereby amended to read as follows:
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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;
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Examples of Applicable Pricing in a sentence

  • All information that may reasonably be necessary to enable the investor to ascertain the nature of the financial and commercial risk of its investment in the Notes is contained in the Programme Memorandum and the Applicable Pricing Supplement.

  • Fixed Amount: None, unless elsewhere specified in this Applicable Pricing Supplement.

  • Business Day Convention: Modified Following which, subject to Sections 1.14, 1.39, 2.2(k), 3.33(a) and 12.10 of the Credit Derivatives Definitions, shall apply to any date referred to in this Applicable Pricing Supplement that fall on a day that is not a Business Day.

  • Fixed Rate Payer Payment Date(s): None, unless elsewhere specified in this Applicable Pricing Supplement.

  • A) Applicable(B) The “Credit-linked Annex – Additional Terms and Conditions of Credit Linked Notes”, set out on pages 103 –159 of the Programme Memorandum (“Credit-Linked Annex”) is disapplied for the purposes of this Applicable Pricing Supplement.(C) The 2014 ISDA Credit Derivatives Definitions published by the International Swaps and Derivatives Association, Inc.

  • The JSE makes no representation as to the accuracy or completeness of any of the Applicable Pricing Supplement and any amendments or any supplements to the aforementioned documents and expressly disclaims any liability for any loss arising from or in reliance upon the whole or any part of the aforementioned documents.

  • The delivery by the Issuer of the Exchange Securities in the manner set out in the Applicable Pricing Supplement shall constitute the in specie redemption in full of such Notes.

  • The JSE takes no responsibility for the contents of this Applicable Pricing Supplement and any amendments or any supplements to the aforementioned documents.

  • Where such calculation is to be made for a period which is not a whole number of years, it shall be calculated on the basis of actual days elapsed divided by 365, or such other calculation basis as may be specified in the Applicable Pricing Supplement.

  • Responsibility:The Issuer certifies that to the best of their knowledge and belief there are no facts that have been omitted which would make any statement false or misleading and that all reasonable enquiries to ascertain such facts have been made as well as that the Programme Memorandum together with this Applicable Pricing Supplement contains all information required by law and the Debt Listings Requirements.


More Definitions of Applicable Pricing

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).
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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 Rxxxxxx 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).
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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 Xxxxx'x 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).
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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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Related to Applicable Pricing

  • Applicable Pricing Grid the table set forth below: Level Consolidated Leverage Ratio Libor Margin ABR Margin Commitment Fee Rate I Less than 1.00x 1.75% 0.75% 0.375% II Greater than or equal to 1.00x but less than 1.50x 2.00% 1.00% 0.375% III Greater than or equal to 1.50x but less than 2.00x 2.25% 1.25% 0.375% IV Greater than or equal to 2.00x but less than 2.50x 2.50% 1.50% 0.375% V Greater than or equal to 2.50x but less than 3.25x 3.00% 2.00% 0.50% VI Greater than or equal to 3.25x 3.25% 2.25% 0.50% For purposes of the Applicable Pricing Grid, changes in the Applicable Margin and/or the Commitment Fee Rate 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 highest rate set forth in each column of the Applicable Pricing Grid shall apply. In addition, at all times while an Event of Default shall have occurred and be continuing, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. Each determination of the Consolidated Leverage Ratio for purposes of the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Applicable Price means the highest of (i) the highest price per share of Issuer Common Stock paid for any such share by the person or groups described in Section 8(d)(i), (ii) the price per share of Issuer Common Stock received by holders of Issuer Common Stock in connection with any merger or other business combination transaction described in Section 7(b)(i), 7(b)(ii) or 7(b)(iii), or (iii) the highest closing sales price per share of Issuer Common Stock quoted on the Nasdaq National Market (or if Issuer Common Stock is not quoted on the Nasdaq National Market, the highest bid price per share as quoted on the principal trading market or securities exchange on which such shares are traded as reported by a recognized source chosen by Holder) during the 60 business days preceding the Request Date; provided, however, that in the event of a sale of less than all of Issuer's Assets, the Applicable Price shall be the sum of the price paid in such sale for such assets and the current market value of the remaining assets of Issuer as determined by an independent nationally recognized investment banking firm selected by Holder and reasonably acceptable to Issuer (which determination shall be conclusive for all purposes of this Agreement), divided by the number of shares of the Issuer Common Stock outstanding at the time of such sale. If the consideration to be offered, paid or received pursuant to either of the foregoing clauses (i) or (ii) shall be other than in cash, the value of such consideration shall be determined in good faith by an independent nationally recognized investment banking firm selected by Holder and reasonably acceptable to Issuer, which determination shall be conclusive for all purposes of this Agreement.

  • Acceptable Price as defined in the definition of “Dutch Auction.”

  • Applicable Prime Rate Margin shall have the meaning provided in section 2.7(g).

  • Catalog Pricing and Pricing Requirements This is a requirement of the TIPS Contract and is non-negotiable. In this solicitation and resulting contract, "Catalog Pricing" shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that:

  • Minimum Acceptable Price with respect to any Put Notice Date shall mean seventy-five percent (75%) of the lowest closing bid prices for the ten (10) Trading Day period immediately preceding such Put Notice Date.

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Applicable ABR Margin means, at any date:

  • Issuance Price means the Sales Price less the Selling Commission.

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Applicable Policy means any rules, policies, directives, standards of practice or Program Parameters issued or adopted by the Funder, the Ministry or other ministries or agencies of the province of Ontario that are applicable to the HSP, the Services, this Agreement and the parties’ obligations under this Agreement during the term of this Agreement. Without limiting the generality of the foregoing, Applicable Policy includes the other documents identified in Schedule C;

  • Make-Whole Price with respect to any Notes to be redeemed, means an amount equal to the greater of:

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Applicable Policies means the policies, bylaws, directives, regulations, guidelines, codes of conduct, rules, systems and procedures of AHS listed in Schedule “F” attached.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Canada Yield Price means a price equal to the price of the Notes (or the portion thereof to be redeemed) calculated to provide a yield to maturity equal to the sum of the Government of Canada Yield calculated at 10:00 a.m. (Toronto time) on the third Business Day preceding the redemption date plus the Applicable Spread;

  • Volume Weighted Average Price for any security as of any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc, or in the Over-The-Counter Bulletin Board (“OTCBB”). If the Volume Weighted Average Price cannot be calculated for such security on such date in the manner provided above, the volume weighted average price shall be the fair market value as mutually determined by the Company and the Holders of a majority in interest of the Warrants being Exercised for which the calculation of the volume weighted average price is required in order to determine the Exercise Price of such Warrants. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued.

  • Average Wholesale Price or “AWP” means the benchmark price established by a nationally available reporting service as selected by SOUTHERN SCRIPTS based on the 11-digit National Drug Code (“NDC”) of the Covered Medication dispensed by PHARMACY.

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Applicable Exchange Rate means, with respect to any Contract denominated and payable in Euros or GBPs on any day, the lesser of (a) the applicable currency Dollar spot rate used by the Borrower (as determined by the Collateral Manager) to acquire such currency on the date such Contract is included in the Borrower Collateral and (b) the Applicable Conversion Rate for such currency.

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Applicable Program means a domestic, international or foreign RPS, renewable energy, emissions reduction or Product Reporting Rights program, scheme or organization, adopted by a Governmental Authority or otherwise, or other similar program with respect to which exists a market, registry or reporting for particular Environmental Attributes. An Applicable Program includes any legislation or regulation concerned with renewable energy, oxides of nitrogen, sulfur, or carbon, with particulate matter, soot, or mercury, or implementing the UNFCCC or crediting “early action” with a view thereto, or laws or regulations involving or administered by an Administrator, or under any present or future domestic, international or foreign RECs, Products, Environmental Attributes or emissions trading program. Applicable Programs do not include legislation providing for production tax credits or other direct third-party subsidies for generation by a Renewable Energy Source.

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).