Pricing Adjustment definition
Pricing Adjustment means an adjustment by a Taxing Authority of any transfer pricing arrangement or other intercompany transaction between Sears Holdings or any of its Subsidiaries (on the one hand) and any of the SHO Companies (on the other hand) with respect to any Post-Closing Tax Period.
Pricing Adjustment has the meaning set forth in Section 5.10.
Pricing Adjustment means, during any Pricing Period, (a) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was greater than 3.75 to 1.00 but less than or equal to 4.25:1.00, an increase to the Eurodollar Margin of 7.5 basis points, (b) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was greater than 4.25:1.00, an increase to the Eurodollar Margin of 15.0 basis points, and (c) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was less than 2.00:1.00, a decrease to the Eurodollar Margin of 7.5 basis points.
Examples of Pricing Adjustment in a sentence
Each applicable adjustment (other than any adjustments in connection with the non-delivery of a Pricing Certificate pursuant to the terms of subsection 2.28(c)) shall only apply until the date immediately preceding the next such Sustainability Pricing Adjustment Date.
The adjustments pursuant to this Section made on any Sustainability Pricing Adjustment Date shall only apply for the period until the date immediately preceding the next Sustainability Pricing Adjustment Date.
Any payment required under this section 7.03 shall be made within 15 days after the indemnified party makes a payment to any Taxing Authority as a result of a Pricing Adjustment.
It is further understood and agreed that the Applicable Percentage for Revolving Loans incurred by DEI will never be reduced or increased by more than 0.05% and that the Applicable Percentage for the Facility Fee for Commitments under the DEI Sublimit will never be reduced or increased by more than 0.01%, pursuant to the Sustainability Margin Adjustment and the Sustainability Fee Adjustment, respectively, on any Sustainability Pricing Adjustment Date.
Each change in the Applicable Percentages on any Sustainability Pricing Adjustment Date shall be effective during the period commencing on and including such Sustainability Pricing Adjustment Date and ending on the date immediately preceding the next Sustainability Pricing Adjustment Date.
More Definitions of Pricing Adjustment
Pricing Adjustment means the average price per vehicle during the four fiscal quarters ending December 31, 2015, less the current quarter average price per vehicle purchased, if greater than zero, multiplied by the number of vehicles purchased.
Pricing Adjustment means, during any Pricing Period, (a) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was greater than 3.75 to 1.00 but less than or equal to 4.25:1.00, an increase to the Eurodollar Margin of 7.5 basis points, (b) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was greater than 4.25:1.00, an increase to the Eurodollar Margin of 15.0 basis points, and (c) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was less than 2.00:1.00, a decrease to the Eurodollar Margin of 7.5 basis points. "PRICING LEVEL" means, for each Pricing Period, the pricing level set forth below opposite the Debt Ratings as of the first day of that Pricing Period: PROVIDED that if ▇▇▇▇▇'▇ and S&P each assign Debt Ratings which are associated with different Pricing Levels in the matrix set forth above, then the applicable Pricing Level shall be the Pricing Level which is one Pricing Level higher than that associated with the lower of the two Debt Ratings. "PRICING PERIOD" means (a) the period commencing on the Closing Date and ending on May 31, 2002, (b) each subsequent three month period commencing on each June 1, September 1, December 1 and March 1, and (c) any shorter period ending on the date upon which the Commitment is terminated.
Pricing Adjustment is amended in its entirety to read:
Pricing Adjustment means, for any day, with respect to any Revolving Loan or Tranche A Term Loan or with respect to the Commitment Fees, as the case may be, the Pricing Adjustment set forth below, based upon the Debt/Adjusted EBITDA Ratio as of the date of determination: ABR Tranche A Term 0% 0.25% 0.50% Loans and Revolving Loans Eurodollar Tranche A 0% 0.25% 0.50% Term Loans and Revolving Loans Each change in the Pricing Adjustment resulting from a change in the Debt/Adjusted EBITDA Ratio shall become effective with respect to all outstanding Loans and Commitments on the Business Day after the date of receipt by the Administrative Agent of the financial statements and certificates required by Section 5.04(a) or (b) indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such change. Notwithstanding the foregoing,
Pricing Adjustment means, for any day, with respect to any Loan or with respect to the Commitment Fees, as the case may be, the Pricing Adjustment set forth below, based upon the Debt/Adjusted EBITDA Ratio as of the date of determination: ABR Loans 0% .250% .500% .750% 1.000% Eurodollar Loans 0% .250% .500% .750% 1.000% Each change in the Pricing Adjustment resulting from a change in the Debt/Adjusted EBITDA Ratio shall become effective with respect to all outstanding Loans and Commitments on the Business Day after the date of receipt by the Administrative Agent of the financial statements and certificates required by Section 5.04(a) or (b) indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such change. Notwithstanding the foregoing,
Pricing Adjustment means, during any Pricing Period, (a) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was greater than 3.75 to 1.00 but less than or equal to 4.25:1.00, an increase to the Eurodollar Margin and Letter of Credit Fee of 7.5 basis points, (b) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was greater than 4.25:1.00, an increase to the Eurodollar Margin and Letter of Credit Fee of 15.0 basis points, and (c) if the Total Debt Ratio as of the last day of the Fiscal Quarter ending immediately prior to the commencement of such Pricing Period was less than 2.00:1.00, a decrease to the Eurodollar Margin and Letter of Credit Fee of 7.5 basis points.
Pricing Adjustment means an adjustment made by HMRC under paragraph 1(2) of Schedule 28AA to the Taxes Act or any similar adjustment made by a tax authority under corresponding legislation of any other jurisdiction;