Level IV Pricing definition

Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

Level IV Pricing applies at any date, if at such date, (i) the Company's long-term debt is rated BBB+ or higher by S&P or Baa1 by Moody's and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies. "Level V Pricing" applies at any date if, at such date, none of Level I Pricing, Level II Pricing, Level III Pricing or Level IV Pricing applies.

Level IV Pricing applies at any date, if at such date, the Borrower’s long-term debt is rated BBB+ by S&P, Baa1 by Moody’s and BBB+ by Fitch.

Examples of Level IV Pricing in a sentence

• Such commitment fee shall accrue at the rate of (i) 0.25% per annum during any Level I Pricing Period, (ii) 0.30% per annum during any Level II Pricing Period, (iii) 0.375% per annum during any Level III Pricing Period or Level IV Pricing Period or (iv) 0.4375% during any Level V Pricing Period.

• Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V Applicable Margin for Eurodollar Rate Loans 1.00% 1.125% 1.25% 1.50% 2.00% Applicable Margin for Floating Rate Loans 0.00% 0.125% 0.25% 0.50% 1.00% For purposes of the foregoing: Changes in the Applicable Margin resulting from a change in the Pricing Level shall become effective on the effective date of any change in the Senior Unsecured Debt Rating from S&P or Xxxxx’x.

• Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V ³BBB+/ Baa1/BBB+ BBB/ Xxx0/XXX XXX-/ Xxx0/XXX- XX+/ Xx0/XX+ £BB/ Ba2/BB 0.125% 0.150% 1.750% 0.300% 0.350% The foregoing pricing shall be based on the Public Debt Ratings.

• Status Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V Senior Debt Rating ≥ A/ X/ X0 ≥ X-/ X-/X0 ≥ BBB+/ BBB+/ Baa1 ≥ BBB/ BBB/ Baa2 < BBB/ BBB/ Baa2 Applicable Margin for Eurodollar Rate loans and Letter of Credit participation fees 0.850% 1.075% 1.300% 1.525% 1.750% Applicable for facility fees 0.150% 0.175% 0.200% 0.225% 0.250% Applicable Margin for ABR loans 0% 0.

• Status Pricing Level I Pricing Level II Pricing Level III Pricing Level IV Pricing Level V Senior Debt Rating ≥ A/A/ A2 ≥ A-/A-/A3 ≥ BBB+/BBB+/Baa1 ≥ BBB/BBB/Baa2 < BBB/BBB/Baa2 Applicable Margin for Eurodollar Rate loans and Letter of Credit participation fees 0.900% 1.000% 1.075% 1.275% 1.475% Applicable for facility fees 0.100% 0.125% 0.175% 0.225% 0.275% Applicable Margin for ABR loans 0% 0% 0.

More Definitions of Level IV Pricing

Level IV Pricing means the pricing during any period during which (i) the Company's long-term senior unsecured debt is rated A or higher by S&P or A2 or higher by Moody's and (ii) none of Level I Pricing, Level II Pricing and Level III Pricing applies.

Level IV Pricing applies during any Rate Period if no higher Pricing Level applies and, at the end of the Preceding Fiscal Quarter, the Leverage Ratio was equal to or greater than 2.50 to 1.

Level IV Pricing applies at any date if, at such date, (i) Whirlpool’s senior unsecured long-term debt is rated BBB or higher by S&P or Baa2 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

Level IV Pricing applies at any date if, at such date, (i) the Company's long-term debt is rated BBB or higher by S&P or Baa2 or higher by Moody's and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies, except as provided below under "Split Rating".

Level IV Pricing applies on any day if on such day Level III Pricing does not apply and the Company’s unsecured long-term debt securities are rated BBB+ or higher by S&P or Baa1 or higher by Moody’s.

Level IV Pricing applies at any date, if at such date, (i) (A) the Borrower's long-term debt is rated BBB+ or higher by S&P or (B) Baa1 or higher by Moody's and (ii) none of Level I Pricing, Level II Pricing and Level III Pricing applies. "Level V Pricing" applies at any date if, at such date, (i) (A) the Borrower's long-term debt is rated BBB or higher by S&P or (B) Baa2 or higher by Moody's and (ii) none of Level I Pricing, Level II Pricing, Level III and Level IV Pricing applies. "Level VI Pricing" applies at any date if, at such date, no other Pricing Level applies.

Level IV Pricing applies on any day if no other Pricing Level applies on such day.