Examples of Pricing Level V in a sentence
If no Rating exists, the applicable Pricing Level shall be based on Pricing Level V until the earlier of (A) such time as S&P and/or Xxxxx'x provides another Rating or (B) the Required Lenders have agreed to an alternative pricing grid or other method for determining Pricing Levels pursuant to an effective amendment to this Credit Agreement.
If the Borrower has not delivered its financial statements by the date such financial statements (and, in the case of the year-end financial statements, audit report) are required to be delivered under Section 5.1 hereof, until such financial statements and audit report are delivered, Pricing Level V shall apply.
If the Borrower has no Fitch Rating, no Xxxxx’x Rating and no S&P Rating, Pricing Level V shall apply.
Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V ³ BBB+/ Baa1/BBB+ BBB/ Xxx0/XXX XXX-/ Xxx0/XXX- XX+/ Xx0/XX+ £BB/ Ba2/BB 3-Year Tranche 0.125% 0.150% 0.200% 0.250% 0.350% 5-Year Tranche 0.150% 0.200% 0.250% 0.300% 0.400% The foregoing pricing shall be based on the Public Debt Ratings.
Pricing Level Debt Rating (Xxxxx’x) Debt Rating (S&P) Applicable LIBOR Margin Applicable Base Rate Margin I ≥ Aa3 ≥ AA- 0.615% 0.000% II A1 A+ 0.680% 0.000% III A2 A 0.795% 0.000% IV A3 A- 0.900% 0.000% V ≤ Baa1 ≤BBB+ 1.000% 0.000% In the event that both Xxxxx’x and Standard & Poor’s shall not have in effect a Debt Rating (other than by reason of the circumstances referred to in the last sentence of this paragraph), then such Debt Rating shall be deemed to be at Pricing Level V.