PERFORMANCE PRICING definition

PERFORMANCE PRICING. Pricing to be based upon Borrower's ratio of debt to worth, at the Borrower's Option, as expressed in the following matrix. The spread over the base rates will be determined quarterly beginning September 30, 1997.
Sample 1
PERFORMANCE PRICING. The Applicable Margin and Letter of Credit Fee, for any fiscal quarter, shall be the applicable rate per annum set forth in the table below opposite the Leverage Ratio determined as of the last day of the immediately preceding fiscal quarter. --------------------------------------------------------------------------------------------------------------------------- Applicable Margin Applicable Margin for Standby Letter Trade Letter of For LIBOR Loans Alternate Base Rate of Credit Fee Credit Fee Loans --------------------------------------------------------------------------------------------------------------------------- Pricing Leverage Ratio Revolving Credit Revolving Credit Level Facility Facility ---------------------------------------------------------------------------------------------------------------------------- I Less than or equal to 1.75% 0.75% 1.75% .875% 0.75 --------------------------------------------------------------------------------------------------------------------------- Less than or equal to II 1.25 but greater than 2.00% 1.00% 2.00% 1.00% 0.75 --------------------------------------------------------------------------------------------------------------------------- Less than or equal to III 1.75 but greater than 2.50% 1.50% 2.50% 1.25% 1.25 --------------------------------------------------------------------------------------------------------------------------- Less than or equal to IV 2.25 but greater than 3.00% 2.00% 3.00% 1.50% 1.75 --------------------------------------------------------------------------------------------------------------------------- V Greater than 2.25 3.25% 2.25% 3.25% 1.625% --------------------------------------------------------------------------------------------------------------------------- CALCULATION OF INTEREST AND FEES: No change to Existing Credit Agreement. COST AND YIELD PROTECTION: No change to Existing Credit Agreement.
Sample 1
PERFORMANCE PRICING. The Unused Line Fee and Applicable Margin for any fiscal quarter, shall be the applicable rate per annum set forth in the table below opposite the ratio of Funded Debt to EBITDA determined as of the last day of the immediately preceding fiscal quarter. Applicable Margin Applicable Margin Letters of Credit for LIBOR Loans for Alternate Base Rate Loans ----------------------------------------- Revolver Revolver Documentary Standby Funded Debt to Unused Line EBITDA Ratio Fee --------------------------------------------------------------------------------------------------------- Overadvance period 50 bps 300 bps 175 bps 150 bps 150 bps Greater than or 50 bps 250 bps 125 bps 150 bps 150 bps equal to 3.00:1 Less than or equal 50 bps 225 bps 100 bps 125 bps 150 bps to 3.00:1 but greater than 2.50:1 Less than or equal 37.5 bps 200 bps 75 bps 100 bps 150 bps to 2.50:1 but greater than 2.00:1 Less than 2.00:1 37.5 bps 175 bps 50 bps 75 bps 150 bps --------------------------------------------------------------------------------------------------------- CALCULATION OF INTEREST AND FEES: All calculations of interest and fees shall be made on the basis of actual number of days elapsed in a 360 day year. COST AND YIELD PROTECTION: Customary for transactions and facilities of this type, including, without limitation, in respect of breakage or redeployment costs incurred in connection with prepayments, changes in capital -------------------------------------------------------------------------------- Bank of America. [LOGO] Confidential-DRAFT ------ XxXxxxxxxx Apparel Group Inc. -------------------------------------------------------------------------------- adequacy and capital requirements or their interpretation, illegality, unavailability, reserves without proration or offset and payments free and clear of withholding or other taxes. LETTER OF CREDIT FEES: Letter of credit fees are due monthly in arrears to be shared proportionately by the Lenders. Fees will be calculated on the aggregate stated amount for each Letter of Credit for the stated duration thereof.
Sample 1

Examples of PERFORMANCE PRICING in a sentence

  • PERFORMANCE PRICING MATRIX -------------------------- Pricing to be governed by a matrix which is based in Times Fixed Charge Coverage and adjusted quarterly, as follows: LEVEL TFCC PRIME + LIBOR+ greater 1 than 3.00 0 2.25% 2 2.51 - 3.00 0 2.75% 3 2.01 - 2.50 0.50% 3.25% 4 1.51 - 2.00 1.00% 3.75% 5 1.25 - 1.50 1.50% 4.25% 6 less than 1.25 DEFAULT DEFAULT PHOENIX GOLD INTERNATIONAL, INC.

  • PERFORMANCE PRICING: Initial pricing, from Closing through the earlier of: (a) the first three months following Closing or (b) the Parent Company obtaining a senior unsecured debt rating from Moody's or Standard and Poors, will be LIBOR plus 100 basis points with a Commitment Fee of 25 basis points.

  • PERFORMANCE PRICING: The Commitment Fee and the applicable margin, for any fiscal quarter, shall be the applicable rate per annum set forth in the applicable table below opposite the Leverage Ratio determined as of the last day of the immediately preceding fiscal quarter.

  • PERFORMANCE PRICING: The LIBOR and Base Rate margins will be subject to performance pricing adjustments based upon average Excess Availability.

  • PERFORMANCE PRICING: The LIBOR and Base Rate margins will be subject to performance pricing adjustments, commencing at least twelve months after the closing date, based upon a financial performance test to be agreed upon by Borrower and Bank.


More Definitions of PERFORMANCE PRICING

PERFORMANCE PRICING. The Facilities shall bear interest at a rate equal to (1) LIBOR plus the Applicable LIBOR Margin or (2) the Reference Rate plus one hundred basis point (1%). The Revolving Credit Facility shall also be subject to an unused line fee (the "Unused Fee") payable monthly in arrears on the unused portion of the Revolving Credit Facility calculated on the basis of a 360 day year for actual days elapsed. The Applicable LIBOR Margin and Unused Fee, for any fiscal quarter following the closing, shall be determined as of the last day of the immediately preceding fiscal quarter based on the Performance Grid as follows: ----------------------------------------------------------------------------------------- Applicable Total Funded Debt/ LIBOR EBITDA Ratio Unused Fee Margin ----------------------------------------------------------------------------------------- less than or equal to 3.00 30b.p. 215b.p. ----------------------------------------------------------------------------------------- >3.00 and less than or equal to 3.50 30b.p. 245b.p. ----------------------------------------------------------------------------------------- >3.50 and less than or equal to 4.00 35b.p. 275b.p. ----------------------------------------------------------------------------------------- >4.00 and less than or equal to 4.50 40b.p. 305b.p. ----------------------------------------------------------------------------------------- > 4.50 40b.p. 335b.p. ----------------------------------------------------------------------------------------- At Closing, the Applicable LIBOR Margin and Unused Fee shall be the highest rate set forth above.
Sample 1
PERFORMANCE PRICING. The Commitment Fee and Applicable Margin for LIBOR Loans shall be, at any time, the rate per annum (in bps) set forth in the table below opposite the long term unsecured senior, non-credit enhanced debt rating of the Borrower by Standard & Poor's Ratings Group and Xxxxx'x Investors Service Inc. (In the case of a split rating, the higher rating will apply and in the case of a multiple split rating, the rating that is one level higher than the lower rating will apply.)
Sample 1

Related to PERFORMANCE PRICING

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Performance Criteria means the criteria (and adjustments) that the Committee selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows:

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Indicators means the indicators for Project monitoring and evaluation set forth in the Operational Manual.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Performance Standards or “PS” shall mean the cleanup levels and other measures of achievement of the remedial action objectives, as set forth in the ROD.

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Performance Goals means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to corporate tax rates; (5) to exclude the effects of any “extraordinary items” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; (11) to exclude the goodwill and intangible asset impairment charges that are required to be recorded under generally accepted accounting principles and (12) to exclude the effect of any other unusual, non-recurring gain or loss or other extraordinary item. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award.

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target.

  • Key Performance Indicator means a measure that captures the performance of a critical variable to expand and improve community-based corrections programs to promote offender success, ensure accountability, enhance public safety, and reduce recidivism.

  • performance requirement means a requirement that: