Examples of Level VI Status in a sentence
If at any time the applicable Borrower has no Moody's Rating or no S&P Rating, Level VI Status shall exixx.
The Utilization Fee will be calculated on the outstanding principal amount under the Credit Facility and determined in accordance with the pricing grid as follows (in basis points): Level I Status - 12.5, Level II Status - 12.5, Level III Status - 25, Level IV Status - 25, Level V Status - 40, Level VI Status - 50.
Level VI Status will apply in the event that the Borrower is rated at or below both the Moody's and Standard & Poor's ratings set out in Level VI Status above.
The "Facility Fee Rate" at any date is: (i) 0.050% if Level I Status exists at such date, (ii) 0.060% if Level II Status exists at such date, (iii) 0.065% if Level III Status exists at such date, (iv) 0.070% if Level IV Status exists at such date, (v) 0.080% if Level V Status exists at such date, (vi) 0.100% if Level VI Status exists at such date, (vii) 0.125% if Level VII Status exists at such date and (viii) 0.200% if Level VIII Status exists at such date.
If at any time the applicable Borrower has no Xxxxx'x Rating or no S&P Rating, Level VI Status shall exist.