Term Loan Pricing Grid definition

Term 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 1.00 450 350 2 ³ 4.50 to 1.00 but < 5.50 to 1.00 425 325 4 < 3.75 to 1.00 375 275 Any increase or decrease in the Applicable Margin for Term Loans 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 Term 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 Term Loans shall be based on the Consolidated Adjusted Leverage Ratio indicated on such Compliance Certificate until such time as the Applicable Margin for Term Loan are further adjusted as set forth in this definition.

Term Loan Pricing Grid means the following Term Loan Pricing Grid:

Term Loan Pricing Grid means the following Term Loan Pricing Grid: ----------------------------------------------------------------------------- - APPLICABLE MARGINS (IN BASIS POINTS) - ----------------------------------------------------------------------------- RATIO OF FUNDED PRICING LIBOR MARGIN REFERENCE DEBT TO EBITDA LEVEL RATE MARGIN ----------------------------------------------------------------------------- < 1.00 I 200 75 ----------------------------------------------------------------------------- =/> 1.00 < 1.50 II 225 100 ----------------------------------------------------------------------------- =/> 1.50 < 2.00 III 250 125 ----------------------------------------------------------------------------- =/> 2.00 < 2.50 IV 275 150 ----------------------------------------------------------------------------- Borrower shall be eligible for Level I pricing when its ratio of Funded Debt to EBITDA is less than 1.00:1.00; for Level II pricing when such ratio is equal to or greater than 1.00:1.00, but less than 1.50:1.00; for Level III pricing when such ratio is equal to or greater than 1.50:1.00, but less than 2.00:1.00; for Level IV pricing when such ratio is equal to or greater than 2.00:1.00, but less than 2.50:1.00. This ratio shall be measured quarterly for the preceding four-quarter period. The pricing will be set at Level IV until receipt of the first financial covenant compliance reflecting the Funded Debt to EBITDA ratio.

Examples of Term Loan Pricing Grid in a sentence

• The margins above the Reference Rate or LIBOR, as applicable (the "Interest Rate Margins"), at which the outstanding principal balances of the Line of Credit and each of the Term Loans bear interest from time to time shall be adjusted in accordance with the Line of Credit Pricing Grid and the Term Loan Pricing Grid, respectively.

• The Applicable Margins for Base Rate Portions and LIBOR Portions of Term Loans shall be determined as provided in the pricing grid set forth below (the “ Term Loan Pricing Grid ”) and may change for each calendar quarter based on the Leverage Ratio as of the last day of the immediately preceding quarter provided that the Applicable Margin for the period from the Closing Date through June 30, 2015 shall be based on the Applicable Margin for a Leverage Ratio greater than 3.50x, as shown below.

• The Applicable Margins with respect to the Tranche B-1 Term Loans will be adjusted on each Adjustment Date to the applicable rate per annum set forth under the heading “Applicable Margin for ABR Loans” or “Applicable Margin for Eurocurrency Loans” on the Term Loan Pricing Grid which corresponds to the Consolidated Total Corporate Leverage Ratio determined from the financial statements and Compliance Certificate relating to the end of the fiscal quarter immediately preceding such Adjustment Date.

• If the proposed applicable margin on the Incremental Term Loans is greater than the applicable margin set forth in the Term Loan Pricing Grid by more than 50 basis points, the applicable margin set forth in the Term Loan Pricing Grid shall be increased to the extent necessary such that the applicable margin on the Incremental Term Loans is exactly 50 basis points greater than the applicable margin for the Term Loans set forth in the Term Loan Pricing Grid.

More Definitions of Term Loan Pricing Grid

Term Loan Pricing Grid shall have the meaning given to that term in Subparagraph 2.03(d).

Term Loan Pricing Grid means the table set forth below: Corporate Family Rating Applicable Margin for ABRTerm Loans Applicable Margin for Eurocurrency Term LoansB+ or better from S&P and B1 or better from Moody’s 1.25%2.25%Not B+ or better from S&P and B1 or better from Moody’s 1.50%2.50%

Term Loan Pricing Grid with respect to Tranche B-1 Term Loans: Consolidated Total Corporate Leverage Ratio Applicable Margin for ABR Loans Applicable Margin for Eurocurrency Loans Greater than 3.50 to 1.00 1.75 % 2.75 % Equal to or less than 3.50 to 1.00 1.50 % 2.50 %

Term Loan Pricing Grid means: ------------------------------------------------------------------------------------------- Term Loan Pricing Grid (rates are expressed in basis points PER ANNUM) ------------------------------------------------------------------------------------------- Applicable Applicable Tier Total Funded Debt to Margin for Margin for EBITDA Ratio LIBOR Base Rate Portions Portions (bps) (bps) ------------------------------------------------------------------------------------------- 1 LESS THAN 3.25 262.5 137.5 2 GREATER THAN OR EQUAL TO 3.25 275.0 150.0 -------------------------------------------------------------------------------------------

Term Loan Pricing Grid is amended in its entirety to read as follows:

Term Loan Pricing Grid means the following Term Loan Pricing Grid: - APPLICABLE MARGINS (IN BASIS POINTS) - Ratio of Funded Pricing Reference Debt to EBITDA Level LIBOR Margin Rate Margin --------------- ------- ------------ ----------- < 1.00 I(*) 200 75 =/> 1.00 < 1.50 II(*) 225 100 =/> 1.50 < 2.00 III 250 125 =/> 2.00 < 2.50 IV 275 150 =/> 2.50 or < 0 V 325 175

Term Loan Pricing Grid means the table set forth below: Corporate Family Rating Applicable Margin for ABR Term Loans Applicable Margin for Eurocurrency Term Loans B+ or better from S&P and B1 or better from Xxxxx’x 1.25 % 2.25 % Not B+ or better from S&P and B1 or better from Xxxxx’x 1.50 % 2.50 %