Revolving Loan Pricing Grid definition

Revolving Loan Pricing Grid means: Tier Consolidated Adjusted Leverage Ratio Applicable Margin for LIBOR Loans (bps per annum) Applicable Margin for Base Rate Loans (bps per annum) 1 ³ 5.50 to 1.00 375 275 3 ³ 3.75 to 1.00 but < 4.50 to 1.00 325 225 4 < 3.75 to 1.00 300 200 Any increase or decrease in the Applicable Margin for Revolving Loans or the Letter of Credit Fee Percentage resulting from a change in the Consolidated Adjusted Leverage Ratio shall become effective as of the fifth Business Day following the date a Compliance Certificate is required to be delivered pursuant to Sections 5.01(a)(iii) (other than the Compliance Certificate delivered 120 days after the close of each fiscal year in respect of yearly Financial Statements of the Borrower Entities) or 5.02(d)(iii); provided, however, that if no Compliance Certificate is delivered within three days of when due in accordance with such Sections, then Tier 1 of the Revolving Loan Pricing Grid shall apply as of the date of the failure to deliver such Compliance Certificate until the fifth Business Day after the date on which the Borrower delivers a Compliance Certificate in the form of Exhibit G-1 (in respect of Section 5.01(a)(iii)) or Exhibit G-2 (in respect of Section 5.02(d)(iii)) and thereafter the Applicable Margin for Revolving Loans and the Letter of Credit Fee Percentage shall be based on the Consolidated Adjusted Leverage Ratio indicated on such Compliance Certificate until such time as the Applicable Margin for Revolving Loans and the Letter of Credit Fee Percentage are further adjusted as set forth in this definition.
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Revolving Loan Pricing Grid means the following pricing grid: Total Leverage Ratio X ≤ 2.75:1.00 > 2.75:1.00 X ≤ 3.25:1.00 > 3.25:1.00 X ≤ 3.75:1.00 > 3.75:1.00 X ≤ 4.25:1.00 > 4.25:1.00 X ≤ 4.75:1.00 X > 4.75:1.00 Applicable Margin for Term SOFR Loans 1.50% 1.75% 2.00% 2.25% 2.50% 2.75% Applicable Margin for ABR Loans 0.50% 0.75% 1.00% 1.25% 1.5% 1.75%
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Revolving Loan Pricing Grid means the following pricing grid: Total Leverage Ratio X ≤ 2.75:1.00 >2.75:1.00 X ≤ 3.25:1.00 >3.25:1.00 X ≤ 3.75:1.00 >3.75:1.00 X ≤ 4.25:1.00 >4.25:1.00 X ≤ 4.75:1.00 X > 4.75:1.00 Applicable Margin for Eurodollar Loans 1.75 % 2.00 % 2.25 % 2.50 % 2.75 % 3.00 % Applicable Margin for ABR Loans 0.75 % 1.00 % 1.25 % 1.5 % 1.75 % 2.00 %
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Examples of Revolving Loan Pricing Grid in a sentence

  • Paragraphs (b)(1)(ii) and (c) of this section apply to leasesentered into after April 26, 1996.Margaret Milner Richardson,Commissioner of Internal Revenue.Approved: March 26, 1996.Leslie Samuels,Assistant Secretary of the Treasury.[FR Doc.

  • Notwithstanding the foregoing, the commercial Letter of Credit fee shall be determined for the first six months after the Effective Date based upon Tier 4 of the Revolving Loan Pricing Grid.

  • Revolving Loan Pricing Grid Leverage Ratio Applicable Margin for LIBOR Loans Applicable Margin for Base Rate Loans (basis points) (basis points) < 3.00x 175 -25 ³ 3.00x but £ 3.50x 200 0 > 3.50x 225 25 All Revolving Loans in each Revolving Loan Borrowing shall, at any given time prior to maturity, bear interest at one, and only one, of the above rates.

  • Notwithstanding the foregoing, the Commitment Fee shall be determined for the first six months after the Effective Date based upon Tier 4 of the Revolving Loan Pricing Grid.

  • Xxxxx’x Corporate Family Rating of the Borrower Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans BB-/Ba3 (with stable outlook) 2.125% 1.125% B+/B1 (with stable outlook) 2.375% 1.375% B/B2 (with stable outlook) 2.875% 1.875% B-/B3 or lower 3.50% 2.50% For the purposes of the Applicable Revolving Loan Pricing Grid, in the event of a split rating, the Applicable Margin shall be determined by reference to the rating issued by Xxxxx’x.

  • Notwithstanding the foregoing, the standby Letter of Credit fee shall be determined for the first six months after the Effective Date based upon Tier 4 of the Revolving Loan Pricing Grid.

  • Harry KJ, Hallinan DT, Parkinson DY, MacDowell AA, Balsara NP (2014) Detection of subsurface structures underneath dendrites formed on cycled lithium metal elec- trodes.


More Definitions of Revolving Loan Pricing Grid

Revolving Loan Pricing Grid means the following pricing grid: Category Total Leverage Ratio Applicable Margin for ABR Loans Applicable Margin for Eurodollar Loans 1 Less than or equal to 2.00:1.00 2.75% 3.75% 2 Greater than 2.00:1.00 3.25% 4.25%
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Revolving Loan Pricing Grid shall have the meaning given to that term in Subparagraph 2.01(c).
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Revolving Loan Pricing Grid means: -------------------------------------------------------------------------------------------------------------
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Revolving Loan Pricing Grid in Section 1.01 of the Credit Agreement is hereby amended in its entirety to read as follows:
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Revolving Loan Pricing Grid means the pricing grid attached hereto as Appendix A.
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Related to Revolving Loan Pricing Grid

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.