PERFORMANCE PRICING definition

PERFORMANCE PRICING. The Applicable Margin and Letter of Credit Fee, for any fiscal quarter, shall be the applicable rate per annum set forth in the table below opposite the Leverage Ratio determined as of the last day of the immediately preceding fiscal quarter. --------------------------------------------------------------------------------------------------------------------------- Applicable Margin Applicable Margin for Standby Letter Trade Letter of For LIBOR Loans Alternate Base Rate of Credit Fee Credit Fee Loans --------------------------------------------------------------------------------------------------------------------------- Pricing Leverage Ratio Revolving Credit Revolving Credit Level Facility Facility ---------------------------------------------------------------------------------------------------------------------------- I Less than or equal to 1.75% 0.75% 1.75% .875% 0.75 --------------------------------------------------------------------------------------------------------------------------- Less than or equal to II 1.25 but greater than 2.00% 1.00% 2.00% 1.00% 0.75 --------------------------------------------------------------------------------------------------------------------------- Less than or equal to III 1.75 but greater than 2.50% 1.50% 2.50% 1.25% 1.25 --------------------------------------------------------------------------------------------------------------------------- Less than or equal to IV 2.25 but greater than 3.00% 2.00% 3.00% 1.50% 1.75 --------------------------------------------------------------------------------------------------------------------------- V Greater than 2.25 3.25% 2.25% 3.25% 1.625% --------------------------------------------------------------------------------------------------------------------------- CALCULATION OF INTEREST AND FEES: No change to Existing Credit Agreement. COST AND YIELD PROTECTION: No change to Existing Credit Agreement.
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PERFORMANCE PRICING. Pricing to be based upon Borrower's ratio of debt to worth, at the Borrower's Option, as expressed in the following matrix. The spread over the base rates will be determined quarterly beginning September 30, 1997.
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PERFORMANCE PRICING. The Facilities shall bear interest at a rate equal to (1) LIBOR plus the Applicable LIBOR Margin or (2) the Reference Rate plus one hundred basis point (1%). The Revolving Credit Facility shall also be subject to an unused line fee (the "Unused Fee") payable monthly in arrears on the unused portion of the Revolving Credit Facility calculated on the basis of a 360 day year for actual days elapsed. The Applicable LIBOR Margin and Unused Fee, for any fiscal quarter following the closing, shall be determined as of the last day of the immediately preceding fiscal quarter based on the Performance Grid as follows: ----------------------------------------------------------------------------------------- Applicable Total Funded Debt/ LIBOR EBITDA Ratio Unused Fee Margin ----------------------------------------------------------------------------------------- less than or equal to 3.00 30b.p. 215b.p. ----------------------------------------------------------------------------------------- >3.00 and less than or equal to 3.50 30b.p. 245b.p. ----------------------------------------------------------------------------------------- >3.50 and less than or equal to 4.00 35b.p. 275b.p. ----------------------------------------------------------------------------------------- >4.00 and less than or equal to 4.50 40b.p. 305b.p. ----------------------------------------------------------------------------------------- > 4.50 40b.p. 335b.p. ----------------------------------------------------------------------------------------- At Closing, the Applicable LIBOR Margin and Unused Fee shall be the highest rate set forth above.
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Examples of PERFORMANCE PRICING in a sentence

  • PERFORMANCE PRICING: The LIBOR and Base Rate margins will be subject to performance pricing adjustments, commencing 6 months after the closing date, based upon the pricing matrix attached hereto as Schedule 1.


More Definitions of PERFORMANCE PRICING

PERFORMANCE PRICING. The Unused Line Fee and Applicable Margin for any fiscal quarter, shall be the applicable rate per annum set forth in the table below opposite the ratio of Funded Debt to EBITDA determined as of the last day of the immediately preceding fiscal quarter. Applicable Margin Applicable Margin Letters of Credit for LIBOR Loans for Alternate Base Rate Loans ----------------------------------------- Revolver Revolver Documentary Standby Funded Debt to Unused Line EBITDA Ratio Fee --------------------------------------------------------------------------------------------------------- Overadvance period 50 bps 300 bps 175 bps 150 bps 150 bps Greater than or 50 bps 250 bps 125 bps 150 bps 150 bps equal to 3.00:1 Less than or equal 50 bps 225 bps 100 bps 125 bps 150 bps to 3.00:1 but greater than 2.50:1 Less than or equal 37.5 bps 200 bps 75 bps 100 bps 150 bps to 2.50:1 but greater than 2.00:1 Less than 2.00:1 37.5 bps 175 bps 50 bps 75 bps 150 bps --------------------------------------------------------------------------------------------------------- CALCULATION OF INTEREST AND FEES: All calculations of interest and fees shall be made on the basis of actual number of days elapsed in a 360 day year. COST AND YIELD PROTECTION: Customary for transactions and facilities of this type, including, without limitation, in respect of breakage or redeployment costs incurred in connection with prepayments, changes in capital -------------------------------------------------------------------------------- Bank of America. [LOGO] Confidential-DRAFT ------ ▇▇▇▇▇▇▇▇▇▇ Apparel Group Inc. -------------------------------------------------------------------------------- adequacy and capital requirements or their interpretation, illegality, unavailability, reserves without proration or offset and payments free and clear of withholding or other taxes. LETTER OF CREDIT FEES: Letter of credit fees are due monthly in arrears to be shared proportionately by the Lenders. Fees will be calculated on the aggregate stated amount for each Letter of Credit for the stated duration thereof.
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PERFORMANCE PRICING. The Commitment Fee and Applicable Margin for LIBOR Loans shall be, at any time, the rate per annum (in bps) set forth in the table below opposite the long term unsecured senior, non-credit enhanced debt rating of the Borrower by Standard & Poor's Ratings Group and ▇▇▇▇▇'▇ Investors Service Inc. (In the case of a split rating, the higher rating will apply and in the case of a multiple split rating, the rating that is one level higher than the lower rating will apply.)
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PERFORMANCE PRICING means plaintiff Performance Pricing, Inc.
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Related to PERFORMANCE PRICING

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.