Pricing Occurrence definition
Pricing Occurrence means with respect to any change in the Debt Rating which results in a change in the Applicable Pricing Level, the date which is five (5) Banking Days after the Administrative Agent has received evidence reasonably satisfactory to it of such change.
Pricing Occurrence has the meaning set forth in Section 3.15(a).
Pricing Occurrence means with respect to any change in the Debt Rating which results in a change in the Applicable Pricing Level, the date which is five(5) Banking Days after the Administrative Agent has received evidence reasonably satisfactory to it of such change.
More Definitions of Pricing Occurrence
Pricing Occurrence with respect to any change in the ratio of ------------------ Total Debt to Total Capitalization which results in a change in the Applicable Pricing Level, five Business Days following the date upon which the Borrower delivers a compliance certificate evidencing such change as required by Section 5.3(a).
Pricing Occurrence means the date of a change in the Senior Debt Rating which results in a change in the Applicable Pricing Level.
Pricing Occurrence means with respect to any change in the ratio of Funded Debt plus six times Rental Expense to EBITDAR as calculated pursuant to Section 6.13 which results in a change in the Applicable Pricing Level, the date which is five (5) days after the due date for the financial statements described in Section 7.1(a) for first three Fiscal Quarters in each Fiscal Year (beginning with the Fiscal Quarter ending October 2, 2004) (each a “Quarterly Pricing Adjustment Date”) and the date which is five (5) days after the due date for the financial statements described in Section 7.1(b) for each Fiscal Year (for each Fiscal Year ending after October 2, 2004) (each an “Annual Pricing Adjustment Date”) so long as the Administrative Agent has received a Compliance Certificate pursuant to Section 7.2 and the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) reflecting evidence of such change; provided that if Borrower fails to deliver a Compliance Certificate pursuant to Section 7.2 or the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) prior to the applicable Quarterly Pricing Adjustment Date or Annual Pricing Adjustment Date (as applicable), then the Applicable Pricing Level shall be “I” until the earlier of (i) five (5) Banking Days after such Compliance Certificate and financial statements have been delivered and (ii) the date the Default Rate is effective and at such time and thereafter the Applicable Pricing Level shall be adjusted as contemplated herein.
Pricing Occurrence means (a) with respect to any change in the Total Debt Ratio which results in a change in the Pricing Level or results in an Incremental Margin, the EARLIER of (i) the date upon which Guarantor delivers (or causes to be delivered) the compliance certificate to Trustee and Administrative Agent reflecting such changed Total Debt Ratio described in SECTION 13.2(a)(xiv) and (ii) the date upon which Guarantor is required by SECTION 13.2(a)(xiv) to deliver such compliance certificate and (b) with respect to any change in the Debt Rating which results in a change in the Pricing Level, the date which is five (5) Business Days after Trustee and Administrative Agent have received evidence reasonably satisfactory to them of such change.
Pricing Occurrence means with respect to any change in the ratio of Funded Debt plus six times Rental Expense to EBITDAR which results in a change in the Applicable Pricing Level, the date which is fifty (50) days after the end of each of the first three Fiscal Quarters in each Fiscal Year (beginning with the Fiscal Quarter ending June 28, 2003) and one hundred (100) days after the end of each Fiscal Year (for each Fiscal Year ending after June 28, 2003) so long as the Administrative Agent has received a Compliance Certificate pursuant to Section 7.2 and the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) reflecting evidence of such change; provided that if Borrower fails to deliver a Compliance Certificate pursuant to Section 7.2 or the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) prior to the date which is fifty (50) days after the end of each of the first three Fiscal Quarters in each Fiscal Year (beginning with the Compliance Certificate and financial statements for the Fiscal Quarter ending June 28, 2003) or one hundred (100) days after the end of each Fiscal Year (for each Fiscal Year ending after June 28, 2003), then the Applicable Pricing Level shall be “I” until the earlier of (i) five (5) Banking Days after such Compliance Certificate and financial statements have been is delivered and (ii) the date the Default Rate is effective and at such time and thereafter the Applicable Pricing Level shall be adjusted as contemplated herein.