Pricing Level II definition

Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

Pricing Level II means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB+ or higher by S&P or Baa1 or higher by Moody’s and (iii) Pricing Level I does not apply.

Pricing Level II any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is A‑ or higher or (y) Xxxxx’x is A3 or higher and (ii) Pricing Level I does not apply.

Examples of Pricing Level II in a sentence

• The Applicable Percentage from Closing Date shall be based on Pricing Level II, subject to adjustment as provided herein.

• The Applicable Percentage from the Closing Date shall be based on Pricing Level II, subject to adjustment as provided herein.

• The following definition in the Definitions section of the Loan Agreement is amended and restated: 1.74 "Pricing Level" means, for any Pricing Period, Pricing Level I, Pricing Level II, Pricing Level III, Pricing Level IV, Pricing Level V, Pricing Level VI or Pricing Level VII, as may be in effect for such Pricing Period; provided that, the Default Rate shall be in effect upon the -------- occurrence and during the continuation of any Event of Default.

• As of the First Amendment Effective Date, the Applicable Rate is determined based on Pricing Level II.

• The health center may elect to require that an individual or entity charge a referred health center patient the same rate it charges other similarly situated patients not referred by the health center or that the individual or entity charge a referred health center patient a reduced rate.75 72 FR 56632, 56634; October 4, 2007.6 Id.

More Definitions of Pricing Level II

Pricing Level II any time when the Leverage Ratio is greater than 5.00:1.00 but less than or equal to 5.50:1.00.

Pricing Level II the Pricing Level which would be applicable for so long as the Senior Debt Rating is equal to BBB by S&P or Baa2 by Xxxxx’x and Pricing Level I is not applicable;

Pricing Level II means at any time the Borrower’s Senior Debt Rating is (a) A or higher by S&P or (b) A2 or higher by Moody’s, and Pricing Level I is not applicable.

Pricing Level II means at any time the Borrower’s Senior Debt Rating is (a) A or higher by S&P or (b) A2 or higher by Xxxxx’x, and Pricing Level I is not applicable.

Pricing Level II shall exist on an Adjustment Date if the Secured Leverage Ratio for the relevant period is less than or equal to 2.00 to 1.00 but greater than 1.50 to 1.00 and shall apply to the Revolving Loans and Swingline Loans.

Pricing Level II shall be applicable for so long as the Senior Debt Rating is greater than or equal to A- by S&P and greater than or equal to A3 by Moody's and Pricing Level I is not applicable; "Pricing Level III" shall be applicable for so long as the Senior Debt Rating is greater than or equal to BBB+ by S&P and greater than or equal to Baa1 by Moody's and neither Pricing Level I nor II is applicable; "Pricing Level IV" shall be applicable for so long as the Senior Debt Rating is greater than or equal to BBB- by S&P and greater than or equal to Baa3 by Moody's and neither Pricing Level I, II nor III is applicable; and "Pricing Level V" shall be applicable for so long as neither Pricing Level I, II, III nor IV is applicable. Notwithstanding the foregoing, (I) in the event of a split rating as between S&P and Xxxxx'x, and one or more of Fitch Investors Service, Inc. ("Fitch") and Duff & Xxxxxx Inc. ("D&P" and, collectively with S&P, Xxxxx'x and Fitch, the "Rating Agencies") then has or have a publicly available Senior Debt Rating or Ratings for the Company, then the pricing level shall be determined by either (i) the higher of the ratings of S&P and Moody's if either Fitch or D&P have a rating corresponding to such higher rating of S&P or Moody's, or (ii) the lower of the ratings of S&P and Moody's if neither Fitch nor D&P have a rating corresponding to the higher of the ratings of S&P and Xxxxx'x; (II) in the event that no Senior Debt Rating is made publicly available by S&P or Moody's and the Company's senior subordinated unsecured debt rating ("Subordinated Debt Rating") is made publicly available by S&P or Moody's, then for purposes of the foregoing determinations the Senior Debt Rating shall be deemed to be equal to the Subordinated Debt Rating plus one level (e.g., if S&P's Subordinated Debt Rating is A-, then S&P's Senior Debt Rating shall be deemed to be A); and (III) in the event that no Senior Debt Rating and no Subordinated Debt Rating are made available by S&P or Moody's, then Pricing Level V above shall apply.

Pricing Level II means the Pricing Level that will be in effect for the applicable Pricing Period if, as at the relevant Date of Determination, the ratio of the Borrower's Adjusted Funded Debt as measured on such Date of Determination, to the Borrower's EBITDA as measured on such Date of Determination, is greater than 1.00 to 1.00 but is less than or equal to 1.50 to 1.00.