{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "any-time", "type": "definition", "offset": [0, 8]}, {"key": "senior-unsecured", "type": "clause", "offset": [22, 38]}, {"key": "rating-of-the-borrower", "type": "clause", "offset": [54, 76]}, {"key": "pricing-level-iii", "type": "definition", "offset": [191, 208]}, {"key": "pricing-level-iv", "type": "definition", "offset": [212, 228]}], "snippet": "any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB\u2011 or higher or (y) \u2587\u2587\u2587\u2587\u2587\u2019\u2587 is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.", "size": 33, "samples": [{"hash": "9u3GZRSXGLa", "uri": "/contracts/9u3GZRSXGLa#pricing-level-v", "label": "364 Day Credit Agreement (CVS HEALTH Corp)", "score": 31.5927448273, "published": true}, {"hash": "7apVjlsvgRE", "uri": "/contracts/7apVjlsvgRE#pricing-level-v", "label": "Credit 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effective amendment to this Credit Agreement.", "After any acceleration of any Loan or Loans pursuant to Section 7.2.1, the Company agrees to pay, without duplication and notwithstanding anything in any Loan Document to the contrary, interest on such accelerated Loan or Loans and all unreimbursed LC Exposure at a per annum rate, in each case, equal to the Alternate Base Rate (calculated with an Applicable Margin at <strong>Pricing Level V</strong>) plus one percent (1%), changing when and as the Alternate Base Rate changes.", "Section 1.1 of the Loan Agreement is further amended by adding the following proviso at the end of the definition of &quot;Applicable Pricing Level&quot;: ; and provided further that, notwithstanding anything to the contrary heretofore set forth in this definition, the Applicable Pricing Level for the period commencing on the issuance of the Convertible Subordinated Notes and ending on the effective date of Amendment No. 2 to this Agreement shall be <strong>Pricing Level V</strong>.", "If the above circumstances shall last for more than six months, each Party shall have the right to refuse any further fulfillment of their obligations under the Contract and in such case neither of the Parties shall be entitled to make a demand upon the other Party for any possible losses.", "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, <strong>Pricing Level V</strong> shall apply.", "If no Debt Rating is in effect, then each of S&amp;P, \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and Fitch shall be deemed to have established a rating in <strong>Pricing Level V</strong>."], "related": [["pricing-level-i", "Pricing Level I", "Pricing Level I"], ["pricing-level-iv", "Pricing Level IV", "Pricing Level IV"], 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