Pricing Level Change Date means (a) with respect to any change in the Pricing Rating which results in a change in the Applicable Amount, the date of the public announcement of the change in such Pricing Rating or (b) with respect to any change in the Debt / EBITDA Ratio which results in a change in the Applicable Amount, the date upon which the Company is required by Section 6.02(a) to deliver such Compliance Certificate.
Pricing Level Change Date means, with respect to any change in the Pricing Level which results in a change in the Applicable Amount, the date which is five Business Days after the Administrative Agent has received evidence reasonably satisfactory to it of such change.
Pricing Level Change Date means, with respect to any change in the Pricing Level which results in a change in the Applicable Margin, the earlier of (a) 5 Business Days after the date upon which Borrowers deliver a Compliance Certificate to Administrative Agent reflecting such changed Pricing Level and (b) 5 Business Days after the date upon which Borrowers are required by Section 6.2(a), to deliver such Compliance Certificate; provided, however, that if the Compliance Certificate is not delivered by the date required by the Section 6.2(a), then, subject to the other provisions of this Agreement, commencing on the date such Compliance Certificate was required until such Compliance Certificate is delivered, the Applicable Margin shall be based on the next higher level than the one previously in effect, and from and after the date such Compliance Certificate is thereafter received, the Applicable Margin shall be as determined from such Compliance Certificate.
More Definitions of Pricing Level Change Date
Pricing Level Change Date means the date three Business Days after the delivery to the Agent of the financial reports and Compliance Certificate delivered pursuant to Sections 6.01 and 6.02 for the fiscal quarter ending December 31, 1998, and three days after delivery to the Agent of such financial reports and Compliance Certificate for each fiscal quarter thereafter.
Pricing Level Change Date shall have the meanings specified in the definition of "Applicable Margin." Pricing Ratio Pricing at End of Level Fiscal Quarter Commitment Fee Percentage ----- -------------- ------------------------- I LESS THAN OR .40% EQUAL TO 1.00 TO 1.00 II GREATER THAN .45% 1.00 TO 1.00 BUT LESS THAN OR EQUAL TO 2.00 TO 1.00 III GREATER THAN .50% 2.00 TO 1.00 BUT LESS THAN OR EQUAL TO 3.00 TO 1.00 IV. GREATER THAN .50% 3.00 TO 1.00 BUT LESS THAN OR EQUAL TO 4.00 TO 1.00 V. GREATER THAN .50% 4.00 TO 1.00 [/CAPTION] From the Closing Date until the first Pricing Level Change Date, the Commitment Fee Percentage shall correspond to the rates per annum set forth above opposite Pricing Level V. The Commitment Fee Percentage shall be adjusted automatically on each Pricing Level Change Date to correspond with the applicable Pricing Level. If the Company fails to deliver such financial reports and certificates to the Agent for any fiscal quarter by the date required hereunder, then the Commitment Fee Percentage beginning three Business Days after such date shall, until three Business Days after delivery of such financial reports and certificates, be the next higher Commitment Fee Percentage as set forth in the chart above immediately below the previously effective Commitment Fee Percentage; thus, if the Commitment Fee Percentage had previously been 0.40%, a failure to deliver quarterly financials on a timely basis would cause the Commitment Fee Percentage to be .45% until three Business Days after such delivery.
Pricing Level Change Date means, beginning June 30, 1998, ------------------------- the date five Business Days after the date upon which the Company delivers a Compliance Certificate pursuant to subsection 7.2(b).
Pricing Level Change Date means with respect to any change in the Leverage Ratio which results in a change in the Applicable Amount, the earlier of (a) the date upon which Borrower delivers a Compliance Certificate to the Administrative Agent reflecting such changed Leverage Ratio and (b) the date upon which Borrower is required by Section 6.2(a) to deliver such Compliance Certificate; provided, however, that if the Compliance Certificate is not delivered by the date required by the above Section, then, subject to the other provisions of this Agreement, commencing on the date such Compliance Certificate was required until such Compliance Certificate is delivered, the Applicable Amount shall be based on highest level set forth above, and from and after the date such Compliance Certificate is thereafter received, the Applicable Amount shall be as determined from such Compliance Certificate.
Pricing Level Change Date means with respect to any change in the Pricing Leverage Ratio which results in a change in the Applicable Amount, the earlier of (a) the date upon which Borrower delivers a Compliance Certificate to the Administrative Agent pursuant to SECTION 6.02(A) reflecting such changed Pricing Leverage Ratio and (b) the date upon which Borrower is required by SECTION 6.02(a) to deliver such Compliance Certificate; PROVIDED, HOWEVER, that if the Compliance Certificate is not delivered by the date required by the above Section, then, subject to the other provisions of this Agreement, commencing on the date such Compliance Certificate was required until such Compliance Certificate is delivered, the Applicable Amount shall be based on highest level set forth above, and from and after the date such Compliance Certificate is thereafter received, the Applicable Amount shall be as determined from such Compliance Certificate.
Pricing Level Change Date means, with respect to any change in the Pricing Level which results in a change in the Applicable Amount, the earlier of five (5) business days after the date upon which the Borrower delivers a compliance certificate to the Bank as required under Paragraph 14.2(f) below reflecting such changed Pricing Level or five (5) business days after the date upon which the Borrower is required by Paragraph 14.2(f) to deliver such compliance certificate; provided, however, that if the compliance certificate is not delivered by the date required by Paragraph 14.2(f), then, subject to the other provisions of this Agreement, commencing on the date such compliance certificate was required until such compliance certificate is delivered, the Applicable Amount shall be based on the next higher level than the one previously in effect, and from and after the date such compliance certificate is thereafter received, the Applicable Amount shall be as determined from such compliance certificate.
Pricing Level Change Date shall have the meanings specified in the definition of "Applicable Margin."