Ratings-Based Pricing Grid definition

Ratings-Based Pricing Grid means the Ratings-Based Pricing Grid attached hereto as Annex B.
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Ratings-Based Pricing Grid is defined in Section 2.3.
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Ratings-Based Pricing Grid the Ratings-Based Pricing Grid attached hereto as Annex B.
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Examples of Ratings-Based Pricing Grid in a sentence

  • The parties desire to amend the Credit Agreement to (i) extend the Commitment Termination Date, (ii) amend the Ratings-Based Pricing Grid, (iii) increase the aggregate Commitments to $750,000,000, and (iv) make certain other amendments as provided herein.

  • The Ratings-Based Pricing Grid (set forth in Annex B to the Credit Agreement) is deleted and replaced by the Ratings-Based Pricing Grid set forth below.

  • Ratings in the above Ratings-Based Pricing Grid are based on the Designated Ratings issued by the Rating For purposes of the foregoing, (i) if the Designated Ratings are split, the higher of such ratings shall apply, THIS NOTE AND THE OBLIGATIONS EVIDENCED HEREBY ARE SUBORDINATED TO THE PRIOR PAYMENT IN FULL OF THE “SENIOR OBLIGATIONS” (AS DEFINED IN THE HEREINAFTER DESCRIBED CREDIT AGREEMENT) AND ARE SUBJECT, IN ALL RESPECTS, TO THE TERMS AND CONDITIONS OF ARTICLE VIII OF THE CREDIT AGREEMENT.

  • DesignatedRatings ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ 5 LIBOR Margin 1.125% 1.250% 1.500% 1.750% 2.00% Prime Rate Margin 0.125% 0.250% 0.500% 0.750% 1.00% Ratings in the above Ratings-Based Pricing Grid are based on the Designated Ratings issued by the Rating Agencies.

  • Senior Debt Ratings ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ ▇▇▇▇▇ ▇ Applicable Margin for Eurodollar Loans 0.625% 0.75% 1.00% Applicable Margin for Reference Rate Loans 0% 0% 0% Commitment Fee 0.05% 0.06% 0.10% Ratings in the above Ratings-Based Pricing Grid are based on the Designated Ratings issued by the Rating Agencies.


More Definitions of Ratings-Based Pricing Grid

Ratings-Based Pricing Grid the table set forth under the heading “Ratings-Based Pricing Grid” in the definition of “Pricing Grid.”
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Ratings-Based Pricing Grid as defined in the definition of “Pricing Grid”.
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Ratings-Based Pricing Grid means the “Ratings-Based Pricing Grid” set forth on Schedule I - B attached hereto.
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Ratings-Based Pricing Grid is defined in Schedule 8.
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Ratings-Based Pricing Grid the table set forth under the heading “Ratings-Based Pricing Grid” in the definition of “Pricing Grid.” “Real Property”: collectively, all right, title and interest of the Borrower or any other Subsidiary in and to any and all parcels of real property owned or operated by the Borrower or any other Subsidiary together with all improvements and appurtenant fixtures, easements and other property and rights incidental to the ownership, lease or operation thereof. “Recovery Event”: any settlement of or payment in respect of any Property or casualty insurance claim or any condemnation proceeding relating to any asset of the Borrower or any Domestic Subsidiary that is a Restricted Subsidiary, in an amount for each such event exceeding $10,000,000. 38 [[6103614]]
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Ratings-Based Pricing Grid. Eurodollar Base Rate Rate Revolving Revolving Loans Eurodollar Base Rate Letter of Pricing Debt Facility Loans and Applicable Rate Term Term Loans Credit Level Ratings Fee Swing Line Rate Loans Applicable Fees Loans Applicable Rate Applicable Rate Rate 1 > A-/A3 0.125% 0.775% 0.00% 0.85% 0.00% 0.775% 2 BBB+/Baa1 0.15% 0.825% 0.00% 0.90% 0.00% 0.825% 3 BBB/Baa2 0.20% 0.90% 0.00% 1.00% 0.00% 0.90% 4 BBB-/Baa3 0.25% 1.10% 0.10% 1.25% 0.25% 1.10% 5 <BBB-/Baa3 0.30% 1.45% 0.45% 1.65% 0.65% 1.45% Each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Administrative Agent of notice thereof and ending on the day immediately preceding the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the day immediately preceding the effective date of the next such change. If at any time when the Borrower or Parent, as applicable, has only two (2) Investment Grade Ratings, and such Investment Grade Ratings are split, then: (A) if the difference between such Investment Grade Ratings is one ratings category (e.g. Baa2 by ▇▇▇▇▇’▇ and BBB- by S&P or Fitch), the Applicable Rate shall be the rate per annum that would be applicable if the higher of the Investment Grade Ratings were used; and (B) if the difference between such Investment Grade Ratings is two ratings categories (e.g. Baa1 by ▇▇▇▇▇’▇ and BBB- by S&P) or more, the Applicable Rate shall be the rate per annum that would be applicable if the ratings category one category below the higher Investment Grade Rating were used. If at any time when the Borrower or Parent, as applicable, has three (3) Investment Grade Ratings, 4
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Ratings-Based Pricing Grid shall have the meaning set forth in the definition of “Applicable Margin”.
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