Tier 1 Pricing definition
Tier 1 Pricing means pricing consistent with market maker or market leader pricing available from Intel for the particular chipset and CPU products to be provided by Intel to NCD under this Agreement and specifically set forth in the Statement of Work and other additional Statements of Work. Such Tier 1 Pricing will be consistent with pricing offered to other market makers or market leaders shipping the largest volume of units in a given market segment. CERTAIN INFORMATION IN THIS EXHIBIT 10.47 HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. [*] Confidential Treatment Requested - Edited Copies. INTEL AND NCD CONFIDENTIAL
Tier 1 Pricing is defined in Section 2.2(a).
Examples of Tier 1 Pricing in a sentence
If Borrower does not meet the Tier 2 Pricing Guideline at any month end, the Term Loan shall accrue interest at the Tier 1 Pricing.
The Term Loan accrues interest at a per annum rate of 2.00 percentage points above the Prime Rate ("Tier 1 Pricing"), provided that if Borrower meets the Tier 2 Pricing Guideline for 3 consecutive months (or immediately prior to the Closing Date), the Tier 2 Pricing shall become effective.