Pricing Grid the pricing grid attached hereto as Annex A.
Pricing Grid means, with respect to the 2016 Revolving Loans and 2016 Revolving Facility Commitments, the table set forth below: Pricing Grid for 2016 Revolving Loans Net First Lien Leverage Ratio Applicable Margin for ABR Loans Applicable Margin for Eurocurrency Loans Greater than 1.35 to 1.00 1.75 % 2.75 % Less than or equal to 1.35 to 1.00 1.50 % 2.50 % Pricing Grid for 2016 Revolving Facility Commitments Net First Lien Leverage Ratio Applicable Commitment Fee Greater than 1.35 to 1.00 0.50 % Less than or equal to 1.35 to 1.00 0.375 % For the purposes of the Pricing Grid, changes in the Applicable Margin and Applicable Commitment Fee resulting from changes in the Net First Lien Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which the relevant financial statements and certificate required by Section 5.04(c)(x)(iii) are delivered to the Administrative Agent pursuant to Section 5.04 for each fiscal quarter beginning with the first full fiscal quarter of the Borrower ended after the Closing Date, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements or the certificate referred to in the preceding sentence are not delivered within the time periods specified in Section 5.04, then, at the option of the Administrative Agent or the Required Lenders, until the date that is three Business Days after the date on which such financial statements or such certificate, as applicable, are delivered, the pricing level that is one pricing level higher than the pricing level theretofore in effect shall apply as of the first Business Day after the date on which such financial statements or such certificate, as applicable, were to have been delivered but were not delivered. Each determination of the Net First Lien Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.11.
Pricing Grid means the pricing grid attached hereto as Annex A.
Examples of Pricing Grid in a sentence
Between October 1, 2006 and December 31, 2006, the Base Rate Margin shall be set at Level I, notwithstanding what the applicable Level might be based upon reference to the Margin Pricing Grid.
Each determination by the Bank of an interest rate on the Revolver Note or fee hereunder in accordance with the Pricing Grid shall, except in cases of manifest error, be final, conclusive and binding on the parties.
The Leverage-Based Pricing Grid in effect prior to the Amendment Effective Date shall continue to apply to interest and fees accruing under the Credit Agreement before the Amendment Effective Date.
The basic price per meal served shall be established pursuant to the Pricing Grid attached hereto and marked as Exhibit B.
Schedule 1.1(A) — Pricing Grid, of the Credit Agreement shall be amended and restated in its entirety as set forth in Schedule 1.1(A) to this Amendment.
More Definitions of Pricing Grid
Pricing Grid means the pricing information set forth in Schedule I.
Pricing Grid the tables set forth below, as applicable: For the Revolving Credit Facility (subject to any adjustment pursuant to Section 7.1(a)): Total Senior Secured Leverage Ratio Applicable Interest Margin for LIBO Rate Loans Applicable Margin for Base Rate Loans Applicable Commitment Fee Rate >4.00:1.00 2.75 % 1.75 % 0.50 % £4.00:1.00 and >3.50:1.00 2.50 % 1.50 % 0.50 % £3.50:1.00 2.25 % 1.25 % 0.375 % For the Term Loan Facility (subject to any adjustment pursuant to Section 7.1(a)): Total Senior Secured Leverage Ratio Applicable Interest Margin for LIBO Rate Loans Applicable Interest Margin for Base Rate Loans >3.50:1.00 2.75 % 1.75 % £3.50:1.00 2.50 % 1.50 % Changes in the Applicable Margin with respect to Loans or the Applicable Commitment Fee Rate resulting from changes in the Total Senior Secured Leverage Ratio shall become effective on the date on which financial statements are delivered to the Administrative Agent pursuant to Section 6.1 and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 6.1, then, at the option of (and upon the delivery of notice (telephonic or otherwise) by) the Administrative Agent or the Required Lenders, until such financial statements are delivered, the Total Senior Secured Leverage Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 4.00 to 1:00 for the Revolving Credit Facility and greater than 3.5 to 1:00 for the Term Loan Credit Facility. In addition, at all times while an Event of Default set forth in Section 8(a) or 8(f) shall have occurred and be continuing, the Total Senior Secured Leverage Ratio shall for the purposes of the Pricing Grid be deemed to be greater than 4:00 to 1:00 for the Revolving Credit Facility and greater than 3:50 to 1:00 for the Term Loan Credit Facility.
Pricing Grid the table set forth below. Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Greater than or equal to 4.50:1.00 4.50% 3.50% Less than 4.50:1.00 but greater than or equal to 4.00:1.00 4.25% 3.25% Less than 4.00:1.00 but greater than or equal to 3.50:1.00 4.00% 3.00% Less than 3.50:1.00 3.50% 2.50% For the purposes of the Pricing Grid, changes in the Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which financial statements are delivered to the Lenders pursuant to Section 6.1 and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 6.1, then, until the date that is three Business Days after the date on which such financial statements are delivered, the higher rate set forth in each column of the Pricing Grid shall apply. In addition, at all times while an Event of Default shall have occurred and be continuing, the higher rate set forth in each column of the Pricing Grid shall apply. Each determination of the Consolidated Leverage Ratio pursuant to the Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1.
Pricing Grid means the Pricing Grid and the conventions for determining pricing as set forth on Schedule 1.01.
Pricing Grid shall have the meaning set forth in the definition of “Applicable Margin”.
Pricing Grid means, Pricing Grid Tier Total Leverage Ratio Applicable Margin for LIBOR Loans Applicable Margin for Base Rate Loans Commitment Fee Percentage 1 > 1.50 1.75% 0.75% 0.3% 2 > 1.00 < 1.50 1.5% 0.5% 0.25% 3 < 1.00 1.25% 0.25% 0.2% Any increase or decrease in the Applicable Margin and Commitment Fee Percentage resulting from a change in the Total Leverage Ratio shall become effective as of the tenth day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.01(a)(iii); provided, however, that if no Compliance Certificate is delivered when due in accordance with such Section, then Tier 1 shall apply as of the date of the failure to deliver such Compliance Certificate until such date as the Borrower delivers such Compliance Certificate in form and substance acceptable to the Administrative Agent and thereafter the Applicable Margin shall be based on the Total Leverage Ratio indicated on such Compliance Certificate until such time as the Applicable Margin is further adjusted as set forth in this definition. Notwithstanding anything to the contrary herein, the Applicable Margin and Commitment Fee Percentage in effect as of the Second Restatement Effective Date shall be Tier 3 and thereafter until the first adjustment to occur after the Second Restatement Effective Date. If the Total Leverage Ratio reported in any Compliance Certificate shall be determined to have been incorrectly reported and if correctly reported would have resulted in a higher Applicable Margin or Commitment Fee Percentage, then the Applicable Margin and Commitment Fee Percentage shall be retroactively adjusted to reflect the higher rate that would have been applicable had the Total Leverage Ratio been correctly reported in such Compliance Certificate and the additional amounts resulting therefrom shall be due and payable upon demand from the Administrative Agent or any Lender (the Borrower's obligations to pay such additional amounts shall survive the payment and performance of all other Obligations and the termination of this Agreement for a period of ninety (90) days following the occurrence thereof). For the avoidance of doubt, the Applicable Margin as in effect under the Existing Credit Agreement immediately prior to the Second Restatement Effective Date shall be applicable to all interest and commitment fees accruing prior to the Second Restatement Effective Date.
Pricing Grid means (i) prior to the Investment Grade Pricing Effective Date, the pricing grid set forth in the definition of “Leverage-Based Applicable Rate” and (ii) on and after the Investment Grade Pricing Effective Date, the pricing grid set forth in the definition of “Ratings-Based Applicable Rate”.