Certain Pricing Adjustments Sample Clauses

Certain Pricing Adjustments. The Facility Fee and applicable LIBOR Spread for Revolving Credit Loans in effect from time to time shall be determined in accordance with the following table: Applicable LIBOR Total Xxxxx’x/S&P Facility Fee Spread Drawn Pricing Rating Equivalent (in Basis Points) (in Basis Points) (in Basis Points) > A3/A- 20.0 205.0 225.0 > Baa1/BBB+ 25.0 225.0 250.0 > Baa2/BBB 37.5 237.5 275.0 > Baa3/BBB- 50.0 250.0 300.0 > Ba1/BB+ 62.5 262.5 325.0 < Ba1/BB+ 75.0 300.00 375.0 In the event that S&P and Xxxxx’x ratings on the Borrower’s senior non-credit enhanced unsecured long-term debt are not equivalent to each other, the higher rating of S&P or Xxxxx’x will determine the Facility Fee and applicable LIBOR Spread, unless the ratings are more than one level apart, in which case the rating one level below the higher rating of S&P or Xxxxx’x will be determinative. In the event that (a) the Borrower’s senior non-credit enhanced unsecured long-term debt is not rated by both of S&P or Xxxxx’x (for any reason, including if S&P or Xxxxx’x shall cease to be in the business of rating corporate debt obligations) or (b) if the rating system of any of S&P or Xxxxx’x shall change, then an amendment shall be negotiated in good faith to the references to specific ratings in the table above to reflect such changed rating system or the unavailability of ratings from such rating agency (including an amendment to provide for the substitution of an equivalent or successor ratings agency). In the event that the Borrower’s senior unsecured long-term debt is not rated by either of S&P or Xxxxx’x, then the Facility Fee and applicable LIBOR Spread shall be deemed to be calculated as if the lowest rating category set forth above applied until such time as an amendment to the table above shall be agreed to. Any increase in the Facility Fee or applicable LIBOR Spread determined in accordance with the foregoing table shall become effective on the date of announcement or publication by the Borrower or the applicable rating agency of a reduction in such rating or, in the absence of such announcement or publication, on the effective date of such decreased rating, or on the date of any request by the Borrower to the applicable rating agency not to rate its senior unsecured long-term debt or on the date any of such rating agencies announces it shall no longer rate the Borrower’s senior unsecured long-term debt. Any decrease in the Facility Fee or applicable LIBOR Spread shall be effective on the date of ...
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Certain Pricing Adjustments. The Facility Fee and the applicable LIBOR Spread in effect from time to time shall be determined in accordance with the following table: S&P/Xxxxx'x/Fitch Rating Equivalent of the Borrower's senior unsecured long-term debt Facility Fee (in Basis Points) Applicable LIBOR Spread (in Basis Points) A/A2/A or better 10.0 52.5 A-/A3/A- 12.5 62.5 BBB+/Baa1/BBB+ 15.0 72.5 BBB/Baa2/BBB 17.5 82.5 BBB-/Baa3/BBB- 22.5 90.0 BB+/Ba1/BB+ or worse 37.5 137.5 In the event the S&P, Xxxxx'x and Xxxxx ratings on the Borrower's senior non-credit enhanced unsecured long-term debt are not equivalent to each other, the higher rating of S&P or Xxxxx'x will determine the Facility Fee and applicable LIBOR Spread, unless the ratings are more than one level apart, in which case the rating one level below the higher rating of S&P or Xxxxx'x will be determinative. In the event that (a) the Borrower's senior non-credit enhanced unsecured long-term debt is rated by (i) Fitch and only one of S&P or Xxxxx'x, or (ii) only one of S&P or Xxxxx'x (for any reason, including if S&P or Xxxxx'x shall cease to be in the business of rating corporate debt obligations), and not by Fitch, or (b) if the rating system of any of S&P, Xxxxx'x or Fitch shall change, then an amendment shall be negotiated in good faith (and shall be effective only upon approval by the Borrower and the Supermajority Lenders) to the references to specific ratings in the table above to reflect such changed rating system or the unavailability of ratings from such rating agency (including an amendment to provide for the substitution of an equivalent or successor ratings agency). In the event that the Borrower's senior unsecured long-term debt is (i) not rated by any of S&P, Xxxxx'x or Fitch or (ii) rated only by Fitch, then the Facility Fee and the applicable LIBOR Spread shall be deemed to be calculated as if the lowest rating category set forth above applied. Any increase in the Facility Fee or the applicable LIBOR Spread determined in accordance with the foregoing table shall become effective on the date of announcement or publication by the Borrower or the applicable rating agency of a reduction in such rating or, in the absence of such announcement or publication, on the effective date of such decreased rating, or on the date of any request by the Borrower to the applicable rating agency not to rate its senior unsecured long-term debt or on the date any of such rating agencies announces it shall no longer rate the Borrower's s...
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Certain Pricing Adjustments. The Facility Fee and the applicable LIBOR Spread in effect from time to time shall be determined in accordance with the following table:
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Certain Pricing Adjustments. (a) The Facility Fee, the applicable LIBOR Spread and the applicable ABR Spread in respect of the Tranche A Commitments in effect from time to time shall be determined in accordance with the following table: S&P/Xxxxx’x/Xxxxx Rating Equivalent of the Index Debt Facility Fee (in Basis Points) Applicable LIBOR Spread (in Basis Points) Applicable ABR Spread (in Basis Points) BB+/Ba1/BB+ or better 40.0 350.0 250.0 BB/Ba2/BB 50.0 375.0 275.0 BB-/Ba3/BB- or worse 60.0 400.0 300.0
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Certain Pricing Adjustments. For any day that the S&P rating of the Borrower's senior unsecured long-term debt is less than BBB- and the Xxxxx'x rating of the Borrower's senior unsecured long-term debt is less than Baa3 (or the Borrower's senior unsecured debt is not rated by at least one of S&P and Xxxxx'x), the Applicable Margin will increase by 50 basis points. In the event that the Borrower's senior unsecured long-term debt is rated by only one of S&P and Xxxxx'x, then that single rating shall be determinative. The Borrower shall cause its senior unsecured long-term debt to be rated by either S&P or Xxxxx'x. Any reduction of any such rating shall become effective on the date of announcement or publication by the Borrower or either such rating agency of a reduction in such rating or, in the absence of such announcement or publication, on the effective date of such decreased rating, or on the date of any request by the Borrower to either of such rating agencies not to rate its senior unsecured long-term debt or on the date either of such rating agencies announces it shall no longer rate the Borrower's senior unsecured long-term debt. Any increase of any such rating shall be effective on the date of announcement or publication by either of such rating agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.
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Certain Pricing Adjustments. (a) The Facility Fee, the applicable LIBOR Spread, the applicable FFR Spread and the Utilization Fee Percentage in respect of the Non-Extended Revolving Commitments in effect from time to time shall be determined in accordance with the following table: S&P/Mxxxx’x/Fxxxx Rating Equivalent of the Borrower’s Applicable Applicable Utilization Fee senior unsecured Facility Fee LIBOR Spread FFR Spread Percentage long-term debt (in Basis Points) (in Basis Points) (in Basis Points) (in Basis Points) A/A2/A or better 7.0 18.0 18.0 10.0 A-/A3/A- 8.0 22.0 22.0 10.0 BBB+/Baa1/BBB+ 10.0 30.0 30.0 10.0 BBB/Baa2/BBB 12.0 38.0 38.0 10.0 BBB-/Baa3/BBB- 15.0 47.5 47.5 12.5 BB+/Ba1/BB+ or worse 17.5 70.0 70.0 12.5 (b) The Facility Fee, the applicable LIBOR Spread, the applicable ABR Spread and the applicable FFR Spread in respect of the Extended Revolving Commitments and the Canadian Revolving Commitment in effect from time to time shall be determined in accordance with the following table: S&P/Mxxxx’x/Fitch Rating Equivalent of the Borrower’s Applicable Applicable Applicable senior unsecured Facility Fee LIBOR Spread ABR Spread FFR Spread long-term debt (in Basis Points) (in Basis Points) (in Basis Points) (in Basis Points) A/A2/A or better 55.0 275.0 175.0 275.0 A-/A3/A- 55.0 275.0 175.0 275.0 BBB+/Baa1/BBB+ 55.0 275.0 175.0 275.0 BBB/Baa2/BBB 60.0 300.0 200.0 300.0 BBB-/Baa3/BBB- 70.0 325.0 225.0 325.0 BB+/Ba1/BB+ or worse 75.0 350.0 250.0 350.0 provided that, (i) if the Borrower elects to extend the termination date of the Extended Revolving Commitments and the Canadian Revolving Commitment pursuant to the Extension Option described in Section 2.27, the interest rate margins for each pricing level detailed in the table in paragraph (b) (other than the Facility Fee) shall increase by 25 basis points after the Extended Termination Date and (ii) no Utilization Fee will apply to the Extended Revolving Tranche and the Canadian Revolving Commitment.
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Certain Pricing Adjustments. The Facility Fee and the applicable LIBOR Spread in effect from time to time shall be determined in accordance with the following table: --------------------------------------------------------------- S&P/Xxxxx'x (Facility Fee Rating Equivalent in Basis Applicable of the Borrower's Points) LIBOR Spread senior unsecured (in Basis long-term debt Points) --------------------------------------------------------------- AA-/Aa3 or better 4.0 14.75 --------------------------------------------------------------- A+/A1 5.0 15.00 --------------------------------------------------------------- A/A2 6.0 16.50 --------------------------------------------------------------- A-/A3 7.0 18.00 --------------------------------------------------------------- BBB+/Baa1 8.0 22.00 --------------------------------------------------------------- BBB/Baa2 10.0 25.00 --------------------------------------------------------------- BBB-/Baa3 12.5 37.50 --------------------------------------------------------------- BB+/Bal or worse 17.5 45.00 --------------------------------------------------------------- In the event the S&P rating on the Borrower's senior unsecured long-term debt is not equivalent to the Xxxxx'x rating on such debt, the higher rating will determine the Facility Fee and applicable LIBOR Spread, unless the S&P and Xxxxx'x ratings are one or more levels apart, in which case the rating one level below the higher rating will be determinative. In the event that the Borrower's senior unsecured long-term debt is rated by only one of S&P and Xxxxx'x, then that single rating shall be determinative. In the event that the Borrower's senior unsecured long-term debt is not rated by either S&P or Xxxxx'x, then the Facility Fee and the applicable LIBOR Spread shall be deemed to be calculated as if the lowest rating category set forth above applied. Any increase in the Facility Fee or the applicable LIBOR Spread determined in accordance with the foregoing table shall become effective on the date of announcement or publication by the Borrower or either such rating agency of a reduction in such rating or, in the absence of such announcement or publication, on the effective date of such decreased rating, or on the date of any request by the Borrower to either of such rating agencies not to rate its senior unsecured long-term debt or on the date either of such rating agencies announces it shall no longer rate the Borrower's senior unsecured long-term debt. Any decrease in the Facility F...
Sample 1
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Certain Pricing Adjustments. The Commitment Fee, the applicable LIBOR Spread and the applicable FFR Spread in effect from time to time shall be determined in accordance with the following tables:
Sample 1
Certain Pricing Adjustments. The Facility Fee and the applicable LIBOR Spread in effect from time to time shall be determined in accordance with the following table: S&P/Xxxxx'x Rating Equivalent of the Borrower's senior Facility Fee Applicable LIBOR UNSECURED LONG-TERM (IN BASIS SPREAD (IN BASIS DEBT POINTS) POINTS) ------------------------ ---------- ---------------- A/A2 or better 8.0 29.5
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Related to Certain Pricing Adjustments

  • Pricing Adjustments a. In the event an adjustment is made to the computation of the net asset value of Fund shares as reported to Insurance Company under paragraph 7, (1) the correction will be handled in a manner consistent with SEC guidelines and the Investment Company Act of 1940, as amended and (2) the Funds or Transfer Agent shall notify Insurance Company as soon as practicable after discovering the need for any such adjustment. Notification may be made in the following manner: Method of Communication

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Closing Adjustments To the extent that any prorations, adjustments or other amounts with respect to the Contributed Entity or the Property shall be payable by or to the Contributors at or following each Closing in accordance with the provisions of the Master Agreement, the amount of the purchase consideration determined pursuant to Section 1.2(a) shall be adjusted accordingly, it being acknowledged and agreed by each Contributor that from and after the date hereof, (i) the Contributed Entity shall not declare, pay or otherwise make provision for any dividends or distributions and (ii) immediately prior to the Closing, in addition to any prorations, adjustments or other amounts payable by or to the Contributors with respect to the Contributed Entity or the Property, the Contributed Entity shall distribute to each Contributor receiving Securities an amount equal to the amount such Contributor would have been paid as a distribution on account of the Securities it will receive at Closing had such Securities been issued and sold to such Contributor at the Initial Closing.

  • Calculation of Adjustments All adjustments to the Settlement Rate shall be calculated to the nearest 1/10,000th of a share of Common Stock (or if there is not a nearest 1/10,000th of a share to the next lower 1/10,000th of a share). No adjustment in the Settlement Rate shall be required unless such adjustment would require an increase or decrease of at least one percent therein; provided, that any adjustments which by reason of this subparagraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. If an adjustment is made to the Settlement Rate pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a), an adjustment shall also be made to the Applicable Market Value solely to determine which of clauses (i), (ii) or (iii) of the definition of Settlement Rate in Section 5.1(a) will apply on the Stock Purchase Date. Such adjustment shall be made by multiplying the Applicable Market Value by a fraction, the numerator of which shall be the Settlement Rate immediately after such adjustment pursuant to paragraph (1), (2), (3), (4), (5), (6), (7) or (10) of this Section 5.6(a) and the denominator of which shall be the Settlement Rate immediately before such adjustment; provided, that if such adjustment to the Settlement Rate is required to be made pursuant to the occurrence of any of the events contemplated by paragraph (1), (2), (3), (4), (5), (7) or (10) of this Section 5.6(a) during the period taken into consideration for determining the Applicable Market Value, appropriate and customary adjustments shall be made to the Settlement Rate.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Post-Closing Adjustments As soon as practicable after the Closing, but in no event later than one hundred eighty (180) days thereafter, Seller shall prepare and deliver to Purchaser a final settlement statement (the “Final Settlement Statement”) setting forth each adjustment or payment that was not finally determined as of the Closing and showing the calculation of such adjustments and the resulting Final Purchase Price. Seller shall make its workpapers and other information available to Purchaser to review in order to confirm the adjustments shown on Seller’s draft. As soon as practicable after receipt of the Final Settlement Statement, but in no event later than sixty (60) days thereafter, Purchaser shall deliver to Seller a written report containing any changes that Purchaser proposes to make to the Final Settlement Statement. Any failure by Purchaser to deliver to Seller the written report detailing Purchaser’s proposed changes to the Final Settlement Statement within sixty (60) days following Purchaser’s receipt of the Final Settlement Statement shall be deemed an acceptance by Purchaser of the Final Settlement Statement as submitted by Seller. The parties shall agree with respect to the changes proposed by Purchaser, if any, no later than sixty (60) days after Seller receives from Purchaser the written report described above containing Purchaser’s proposed changes. If the Purchaser and the Seller cannot then agree upon the Final Settlement Statement, the determination of the amount of the Final Settlement Statement shall be submitted to a mutually agreed firm of independent public accountants (the “Accounting Firm”). The determination by the Accounting Firm shall be conclusive and binding on the parties hereto and shall be enforceable against any party hereto in any court of competent jurisdiction. Any costs and expenses incurred by the Accounting Firm pursuant to this Section 12.1 shall be borne by the Seller and the Purchaser equally. The date upon which such agreement is reached or upon which the Final Purchase Price is established, shall be herein called the “Final Settlement Date.” In the event

  • Base Price Adjustments The base aircraft price (pursuant to Article 3 of the Agreement) of the Option Aircraft will be adjusted to Boeing's and the engine manufacturer's then-current prices as of the date of execution of the Option Aircraft Supplemental Agreement.

  • Determination of Adjustments If any questions will at any time arise with respect to the Exercise Price or any adjustment provided for in Section 4.8, such questions will be conclusively determined by the Company’s Auditors, or, if they decline to so act any other firm of certified public accountants in the United States of America that the Company may designate and who will have access to all appropriate records and such determination will be binding upon the Company and the Holders of the Warrants.

  • Closing Prorations and Adjustments The prorations set forth in this Section 6.5 shall be on a Property-by-Property basis and not among, or between, Properties, and shall not be allocated on an Applicable Share basis.

  • Prorations and Adjustments The following shall be prorated and adjusted between Seller and Purchaser as of the day of the Closing, except as otherwise specified:

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