Common use of Changes in Pricing Clause in Contracts

Changes in Pricing. (a) The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor: Senior Secured Debt to EBITDA Ratio Margin on Canadian Prime Rate Loans and U.S. Base Rate Loans Margin on Libor Loans, Acceptance Fees for Bankers' Acceptances and Issuance Fees for Letters of Credit Standby Fee on each Canadian Credit Facility and the U.S. Facility less than or equal to 0.50:1.00 [redacted] greater than 0.50:1.00 and less than or equal to 1.00:1.00 greater than 1.00:1.00 and less than or equal to 1.75:1.00 greater than 1.75:1.00 and less than or equal to 2.25:1.00 greater than 2.25:1.00 and less than or equal to 3.00:1.00 greater than 3.00:1.00

Appears in 1 contract

Samples: Fourth Amending Agreement (Baytex Energy Corp.)

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Changes in Pricing. (a) The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor: Senior Secured Debt to EBITDA Ratio Margin on Canadian Prime Rate Loans and U.S. Base Rate Loans Margin on Libor LIBOR Loans, Acceptance Fees for Bankers' Acceptances and Issuance Fees for Feesfor Letters of Credit Standby Fee on each Canadian Credit Facility and the U.S. Facility less than or 1.0:1.0 [Pricing details redacted] equal to 0.50:1.00 [redacted] or greater than 0.50:1.00 1.0:1.0 and less than or 1.5:1.0 equal to 1.00:1.00 or greater than 1.00:1.00 1.5:1.0 and less than or 2.0:1.0 equal to 1.75:1.00 or greater than 1.75:1.00 2.0:1.0 and less than or 2.5:1.0 equal to 2.25:1.00 or greater than 2.25:1.00 and less than or equal to 3.00:1.00 greater than 3.00:1.002.5:1.0

Appears in 1 contract

Samples: Third Amending Agreement (Baytex Energy Corp.)

Changes in Pricing. (a) The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor: Senior Secured Debt to EBITDA Ratio Margin on Canadian Prime Rate Loans and U.S. Base Rate Loans Margin on Libor Loans, Acceptance Fees for Bankers' Acceptances and Issuance Fees for Letters of Credit Standby Fee on each Canadian Credit Revolving Facility and the U.S. Facility less than or equal to 0.50:1.00 1.0:1.0 [Percentages have been redacted] greater than 0.50:1.00 1.0:1.0 and less than or equal to 1.00:1.00 1.75:1.0 greater than 1.00:1.00 1.75:1.0 and less than or equal to 1.75:1.00 2.25:1.0 greater than 1.75:1.00 2.25:1.0 and less than or equal to 2.25:1.00 3.0:1.0 greater than 2.25:1.00 3.0:1.0 and less than or equal to 3.00:1.00 3.75:1.0 greater than 3.00:1.003.75:1.0

Appears in 1 contract

Samples: Second Amending Agreement (Baytex Energy Corp.)

Changes in Pricing. (a) The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor: Senior Secured Debt to EBITDA Ratio Margin on Canadian Prime Rate Loans and U.S. Base Rate Loans Margin on Libor Loans, Acceptance Fees for Bankers' Acceptances and Issuance Fees for Letters of Credit Standby Fee on each Canadian Credit Facility and the U.S. Facility less than or equal to 0.50:1.00 [redactedRedacted] greater than 0.50:1.00 and less than or equal to 1.00:1.00 greater than 1.00:1.00 and less than or equal to 1.75:1.00 1.50:1.00 greater than 1.75:1.00 1.50:1.00 and less than or equal to 2.25:1.00 2.00:1.00 greater than 2.25:1.00 2.00:1.00 and less than or equal to 2.50:1.00 greater than 2.50:1.00 and less than or equal to 3.00:1.00 greater than 3.00:1.00

Appears in 1 contract

Samples: Third Amending Agreement (Baytex Energy Corp.)

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Changes in Pricing. (a) The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor: Senior Secured Debt to EBITDA Ratio Margin on Canadian Prime Rate Loans and U.S. Base Rate Loans Margin on Libor LIBOR Loans, Acceptance Fees for Bankers' Acceptances and Issuance Fees for Letters of Credit Standby Fee on each Canadian Credit Facility and the U.S. Facility less than or 1.0:1.0 [INTEREST RATES HAVE BEEN REDACTED] equal to 0.50:1.00 [redacted] or greater than 0.50:1.00 1.0:1.0 and less than or 1.5:1.0 equal to 1.00:1.00 or greater than 1.00:1.00 1.5:1.0 and less than or 2.0:1.0 equal to 1.75:1.00 or greater than 1.75:1.00 2.0:1.0 and less than or 2.5:1.0 equal to 2.25:1.00 or greater than 2.25:1.00 and less than or equal to 3.00:1.00 greater than 3.00:1.002.5:1.0

Appears in 1 contract

Samples: Eighth Amending Agreement (Baytex Energy Corp.)

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