Pricing Grid definition
Pricing Grid the pricing grid attached hereto as Annex A.
Pricing Grid means the pricing grid attached hereto as Annex A.
Pricing Grid means, with respect to the 2016 Revolving Loans and 2016 Revolving Facility Commitments, the table set forth below: Greater than 1.35 to 1.00 1.75 % 2.75 % Less than or equal to 1.35 to 1.00 1.50 % 2.50 % Greater than 1.35 to 1.00 0.50 % Less than or equal to 1.35 to 1.00 0.375 % For the purposes of the Pricing Grid, changes in the Applicable Margin and Applicable Commitment Fee resulting from changes in the Net First Lien Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which the relevant financial statements and certificate required by Section 5.04(c)(x)(iii) are delivered to the Administrative Agent pursuant to Section 5.04 for each fiscal quarter beginning with the first full fiscal quarter of the Borrower ended after the Closing Date, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements or the certificate referred to in the preceding sentence are not delivered within the time periods specified in Section 5.04, then, at the option of the Administrative Agent or the Required Lenders, until the date that is three Business Days after the date on which such financial statements or such certificate, as applicable, are delivered, the pricing level that is one pricing level higher than the pricing level theretofore in effect shall apply as of the first Business Day after the date on which such financial statements or such certificate, as applicable, were to have been delivered but were not delivered. Each determination of the Net First Lien Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.11.
Examples of Pricing Grid in a sentence
Notwithstanding the foregoing, any amendment to the Pricing Grid pursuant to the final paragraph of Annex I shall not require the written consent of any Lender, but shall require the written consent of the Borrower and the Administrative Agent only.
More Definitions of Pricing Grid
Pricing Grid means the Pricing Grid and the conventions for determining pricing as set forth on Schedule 1.01.
Pricing Grid means, with respect to the Revolving Facility Loans and Revolving Facility Commitments, the tables set forth below: Greater than 3.25 to 1.00 7.00 % 6.00 % Less than or equal to 3.25 to 1.00 but greater than 2.75 to 1.00 6.75 % 5.75 % Less than or equal to 2.75 to 1.00 6.50 % 5.50 % Greater than 3.25 to 1.00 0.50 % Less than or equal to 3.25 to 1.00 0.375 % For the purposes of the Pricing Grid, changes in the Applicable Margin and the Applicable Commitment Fee resulting from changes in the Net First Lien Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which the relevant financial statements are delivered to the Administrative Agent pursuant to Section 5.04 for each fiscal quarter commencing with the first full fiscal quarter of the Borrower ended after the Closing Date, and shall remain in effect until the next Adjustment Date. Following the first Adjustment Date commencing with the first full fiscal quarter of the Borrower ended after the Closing Date, the Applicable Margin and the Applicable Commitment Fee shall be determined by reference to the Net First Lien Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding the applicable Adjustment Date as reflected in the applicable compliance certificate delivered to the Administrative Agent pursuant to Section 5.04(c). If any financial statements referred to above are not delivered within the time periods specified in Section 5.04, then, at the option of the Administrative Agent or the Required Lenders, until the date that is three Business Days after the date on which such financial statements are delivered, the pricing level that is set forth in clause (ii) of the definition of the term “Applicable Margin” and set forth in clause (i) of the definition of the term “Applicable Commitment Fee”, as applicable, shall apply as of the first Business Day after the date on which such financial statements were to have been delivered but were not delivered. Each determination of the Net First Lien Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.11. Notwithstanding anything to the contrary contained above in this definition or elsewhere in this Agreement, if it is subsequently determined that the Net First Lien Leverage Ratio set forth in any compliance certificate delivered to the Administrative Agent pursuant to Sect...
Pricing Grid means the pricing information set forth in Schedule II.
Pricing Grid shall have the meaning set forth in the definition of “Applicable Margin”.
Pricing Grid means (i) prior to the Investment Grade Pricing Effective Date, the pricing grid set forth in the definition of “Leverage-Based Applicable Rate” and (ii) on and after the Investment Grade Pricing Effective Date, the pricing grid set forth in the definition of “Ratings-Based Applicable Rate”.
Pricing Grid means:
Pricing Grid means the pricing information set forth in Schedule I.