Performance Pricing Determination Date has the meaning set forth in Section 2.06(a).
Performance Pricing Determination Date means each date on which the Debt Rating changes. Each change in interest and fees as a result of a change in Debt Rating shall be effective only for Loans (including Refunding Loans) which are made on or after the relevant Performance Pricing Determination Date. All determinations hereunder shall be made by the Agent unless the Required Banks or the Borrower shall object to any such determination. The Borrower shall promptly notify the Agent of any change in the Debt Rating.
Performance Pricing Determination Date means each date on which the Debt Rating changes.
Examples of Performance Pricing Determination Date in a sentence
The "Performance Pricing Determination Date" is the date which is the last date on which such financial statements are permitted to be delivered pursuant to Section 5.01(a) or (b), as applicable.
The "Performance Pricing Determination Date" is the date which is the last date on which such financial statements are permitted to be delivered pursuant to Section 6.01(a) or (b), as applicable.
Any such required change in interest and fees shall become effective on such Performance Pricing Determination Date, and shall be in effect until the next Performance Pricing Determination Date, provided that no fees or interest shall be decreased -------- pursuant to this Section 2.05 or Section 2.06 if an Event of Default is in existence on the Performance Pricing Determination Date.
The Applicable Margin shall be determined by the Agent as of each Performance Pricing Determination Date and shall remain effective until the next Performance Pricing Determination Date.
Applicable Margin" means: for the period commencing on the Closing Date to and including the first Performance Pricing Determination Date 2.50%; and from and after the first Performance Pricing Determination Date, the percentage determined on each Performance Pricing Determination Date by reference to the table set forth below based on the Leverage Ratio for the immediately preceding four (4) Fiscal Quarters ending immediately prior to such Performance Pricing Determination Date.
More Definitions of Performance Pricing Determination Date
Performance Pricing Determination Date has the meaning set forth in the definition of Applicable Margin.
Performance Pricing Determination Date means each date that occurs 45 days after the end of each of the first three (3) Fiscal Quarters, and 90 days after the end of the last Fiscal Quarter, of the Borrower.
Performance Pricing Determination Date means (i) each date that occurs 45 days after the end of each of the first 3 Fiscal Quarters, and 90 days after the end of the last Fiscal Quarter, or, if applicable, (ii) each date on which the Debt Rating changes. Each change in interest and fees as a result of a change in Debt Rating or as a result of a change in the ratio of Consolidated Debt to Consolidated EBITDA as reflected in the Audited Statements or the Unaudited Statements shall be effective only for Syndicated Loans (including Refunding Loans) which are made on or after the relevant Performance Pricing Determination Date. All determinations hereunder shall be made by the Agent unless the Required Banks shall object to any such determination. The Parent shall promptly notify the Agent of any change in the Debt Rating.
Performance Pricing Determination Date means each date on which the Credit Rating changes, and if the Applicable Margin is determined by reference to the Leverage Ratio, the first (1st) Business Day following the delivery by Borrower to the Agent of the Compliance Certificate at the end of a fiscal quarter (or the first (1st) Business Day after such delivery was required, as applicable).
Performance Pricing Determination Date means each date that occurs 45 days after the end of the first 3 Fiscal Quarters, and 90 days after the end of the last Fiscal Quarter, of the Lessor. In determining the Applicable Margin, the Lessor shall refer to the Parent's most recent financial statements delivered to the Lessor pursuant to Section 30(a)(i) of the Lease (together with the Compliance Certificate delivered in connection therewith, the "Audited Statements") and Section 30(a)(ii)) of the Lease (together with the Compliance Certificate delivered in connection therewith, the "Unaudited Statements"); provided, that, should any relevant Audited Statements or Unaudited Statements be delivered on a date later than a Performance Pricing Determination Date, any necessary changes in the Applicable Margin shall not be effective, except to the extent hereinafter provided to the contrary, until the next succeeding Performance Pricing Determination Date; provided, further, that, if the Audited Statements reflect a Fixed Charge Coverage Ratio different from the Fixed Charge Coverage Ratio determined by the 122 Unaudited Statements for the third Fiscal Quarter, then (i) if the Audited Statements reveal that the Lessee should have paid Basic Rent at a higher rate for the period from the last Performance Pricing Determination Date to the next Performance Pricing Determination Date, then the Lessee shall immediately pay to the Lessor such amounts as are necessary to cause the Lessor to have received the appropriate return, and (ii) if the Audited Statements reveal that the Lessee should have paid Basic Rent at a lower rate for the period from the last Performance Pricing Determination Date to the next Performance Pricing Determination Date, then, so long as no Default shall be in existence, the Lessor shall promptly pay to the Lessee such amounts as are necessary to cause the Lessor to have received the appropriate return.
Performance Pricing Determination Date means (a) the date of this -------------------------------------- Agreement, and (b) any of the following dates: January 1, 1999, and the first day of each calendar quarter (April 1, July 1, October 1, and January 1) thereafter as of which day the Debt Rating, as determined by Administrative Agent, shall be either (i) lower than the Debt Rating, as determined by Administrative Agent, in effect on the immediately preceding Performance Pricing Determination Date, or (ii) higher than the Debt Rating, as determined by Administrative Agent, in effect on the immediately preceding Performance Pricing Determination Date, if Borrower shall have given Administrative Agent written notice on or before such day of Borrower's determination that the Debt Rating as of such day is or shall be higher than the Debt Rating in effect on such immediately preceding Performance Pricing Determination Date. For purposes of this definition, if there is no Debt Rating in effect on a Performance Pricing Determination Date there shall nevertheless be deemed to be a Debt Rating in effect on such date which is below Standard and Poor's BBB- rating and below Xxxxx'x Investor Service Baa3 rating.
Performance Pricing Determination Date is the Business Day on which a change in the applicable Debt Rating is announced or is made publicly available. Any such required change in interest and fees shall become effective on such Performance Pricing Determination Date, and shall be in effect until the next Performance Pricing Determination Date, provided that no fees or interest shall be decreased pursuant hereto or to Section 2.07 if an Event of Default is in existence on any Performance Pricing Determination Date.