Performance Pricing Grid definition

Performance Pricing Grid means the following table (which is also contained in the Revolving Note):
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Performance Pricing Grid set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety.
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Performance Pricing Grid means the following table (which is also contained in the Revolving Note): ▇▇▇▇/ ▇▇▇▇▇▇ Ratio > 2.50x 2.00x < Ratio < 2.50x Ratio < 2.00x Commitment Fee .375 % .375 % .375 % LIBOR + 2.75 % 2.25 % 2.00 % Prime Rate + 2.00 % 1.75 % 1.50 %
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Examples of Performance Pricing Grid in a sentence

  • The letter of credit fee shall be determined for each day by multiplying the aggregate amount of LOC Obligations on that day for undrawn Letters of Credit by a per-diem rate equal to the applicable annual percentage rate shown on the Performance Pricing Grid, divided by 360.

  • Borrower acknowledges and agrees that interest under the Revolving Note and Term Note shall be accruing at the rate set forth in Level 1 of the Performance Pricing Grid (i.e., the LIBOR Rate, plus 1.75%), until such time that Lender receives the Compliance Certificate (along with all calculations and supporting documentation to reflect Borrower’s compliance or noncompliance with the financial covenants in the Loan Agreement) due for the fiscal quarter of Borrower ending on March 31, 2007.


More Definitions of Performance Pricing Grid

Performance Pricing Grid means that chart outlining the applicable adjustment to the interest rate payable under the Line of Credit Note and the Term Note, respectively, which chart is attached hereto as Schedule B.
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Performance Pricing Grid means the following table (part of which is also contained in the Revolving Note): ============================================================================================================== ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ -------------------------------------------------------------------------------------------------------------- Total Debt / EBITDA Ratio less than 2.Ox 2.Ox less than Ratio less than 3.Ox Ratio greater than 3.Ox -------------------------------------------------------------------------------------------------------------- Commitment Fee .375% .375% 0.500% -------------------------------------------------------------------------------------------------------------- LIBOR + 1.75% 2.00% 2.50% -------------------------------------------------------------------------------------------------------------- Reference Rate + 0.50% 0.75% 1.0% ==============================================================================================================
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Performance Pricing Grid. Initial pricing for Revolving Credit Loans which are not part of the Fixed Asset Advance will be at Level 3, and will be in effect until the earlier of (1) receipt of the Borrowers audited financial statements for the fiscal year ending December 31, 2002, or (2) March 31, 2003. Thereafter pricing will be subject to the following pricing grid:
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Related to Performance Pricing Grid

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

  • Pricing Grid the pricing grid attached hereto as Annex A.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI applies at any date.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) ▇▇▇▇▇’▇ is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.75 to 1.00 but greater than or equal to 3.25 to 1.00.