Pricing Grid. Pricing Level Consolidated Net Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Percentage for Commitment Fee I Greater than or equal to 2.25:1.00 2.50% per annum 1.50% per annum 0.30% per annum
Pricing Grid. If the Level The Facility Fee The The L/C Fee Rate The Eurodollar The Base Rate Status Is Rate is: Utilization is: Margin is: Margin is: Fee Rate is: ------------------ ------------------- ------------ ------------------- ------------------ -------------------- ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Level I Status 0.100% 0.100% 0.400% 0.400% 0.000% ------------------ ------------------- ------------ ------------------- ------------------ -------------------- ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Level II Status 0.125% 0.125% 0.475% 0.475% 0.000% ------------------ ------------------- ------------ ------------------- ------------------ -------------------- ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Level III Status 0.150% 0.150% 0.600% 0.600% 0.000% ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Level IV Status 0.175% 0.200% 0700% 0.700% 0.000% ------------------ ------------------- ------------ ------------------- ------------------ -------------------- ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Level V Status 0.250% 0.250% 0.750% 0.750% 0.000% ------------------ ------------------- ------------ ------------------- ------------------ -------------------- ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Level VI Status 0.6725% 0.500% 1.400% 1.400% 0.400% ------------------ ------------------- ------------ ------------------- ------------------ -------------------- Each change in a rating shall be effective as of the date it is announced by the applicable rating agency. In the event that the Xxxxx'x Rating and the S&P Rating fall in consecutive Levels, the rating falling in the lower Level (with Level I being the highest Level and Level VI being the lowest Level) shall govern for purposes of determining the applicable pricing pursuant to the above pricing grid. In the event that the Xxxxx'x Rating and the S&P Rating fall in non-consecutive Levels, the Level immediately above the Level in which the lower rating falls (with Level I being the highest Level and Level VI being the lowest Level) shall govern for purposes of determining the applicable pricing ...
Pricing Grid. Schedule 1.1(A) — Pricing Grid of the Credit Agreement is hereby amended and restated in its entirety as set forth on the schedule titled as Schedule 1.1(A) — Pricing Grid attached hereto.
Pricing Grid. Total Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Alternate Base Rate Loans Category 1 ³ 5.75 to 1.00 3.50 % 2.50 % Category 2 <5.75 to 1.00 but ³ 5.00 to 1.00 3.25 % 2.25 % Category 3 <5.00 to 1.00 but ³4.50 to 1.00 3.00 % 2.00 % Category 4 <4.50 to 1.00 but ³ 4.00 to 1.00 2.75 % 1.75 % Category 5 <4.00 to 1.00 2.25 % 1.75 % For purposes of the foregoing, (i) the Total Leverage Ratio shall be determined as of the end of each fiscal quarter of Holdings based upon Holdings’ consolidated financial statements delivered pursuant subsection 7.1 and (ii) each change in the Applicable Margin resulting from a change in the Total Leverage Ratio shall be effective during the period commencing on and including the date of delivery to the Administrative Agent of such consolidated financial statements indicating such change (the “Adjustment Date”) and ending on the date immediately preceding the effective date of the next such change; provided that the Total Leverage Ratio shall be deemed to be in Category 1 (A) at any time that an Event of Default has occurred and is continuing or (B) if Holdings fails to deliver the consolidated financial statements required to be delivered by it pursuant to subsection 7.1, during the period from the date on which financial statements are required to be delivered to the date on which such consolidated financial statements are delivered.
Pricing Grid. From the Effective Date until the last day of the second complete fiscal quarter after the Effective Date (the “Initial Period”), the Applicable Margin for Revolving Loans and the Applicable Fee Amount shall be at Level 4. Thereafter, the Applicable Margin for Revolving Loans and the Applicable Fee Amount for any day shall be the amount per annum set forth below based on the EBITDA Ratio set forth in the most recently delivered Compliance Certificate delivered by Holdings pursuant to Section 7.02(c) of the Credit Agreement. Changes in the Applicable Margin for Revolving Loans and the Applicable Fee Amount resulting from a change in the EBITDA Ratio shall become effective on the date of delivery by Holdings to the Administrative Agent of a new Compliance Certificate pursuant to Section 7.02(c), except that no such change shall take effect until the end of the Initial Period. If Holdings shall fail to deliver a Compliance Certificate and accompanying financial statements within the number of days after the end of any fiscal quarter or fiscal year as required pursuant to Section 7.02(c), the parties agree that the Applicable Margin and the Applicable Fee Amount shall be fixed at Level 4 until such time as Holdings delivers such new Compliance Certificate and accompanying financial statements pursuant to Section 7.02(c). Level EBITDA Ratio Offshore Rate Spread Base Rate Spread Letter of Credit Fee Commitment Fee Level 5 greater than or equal to 3.00:1.00 3.000 % 1.750 % 3.000 % 0.625 % Xxxxx 0 greater than or equal to 2.50:1.00 but less than 3.00:1.00 2.500 % 1.250 % 2.500 % 0.500 % Xxxxx 0 greater than or equal to 2.00:1.00 but less than 2.50:1.00 2.000 % 0.750 % 2.000 % 0.375 % Xxxxx 0 greater than or equal to 1.50:1.00 but less than 2.00:1.00 1.625 % 0.375 % 1.625 % 0.375 % Xxxxx 0 less than 1.50:1.00 1.250 % 0.000 % 1.250 % 0.375 %
Pricing Grid. The applicable initial rates of interest to be charged for each Prime Rate Loan or LIBOR Loan made hereunder shall be initially established as of the date of this Agreement and are listed on the grid set forth below (“Pricing Grid”). The initial pricing shall be subject to adjustment hereafter during the term of this Agreement based on any change in the Company’s Leverage Ratio for the most recently completed fiscal quarter of the Company (“Pricing Event”). The Pricing Grid reflects the changed Rate Options which will replace the initial pricing based on a Pricing Event as follows:
Pricing Grid. The following table shall apply for determining interest rates for periods prior to the Amendment No. 2 Effective Date: Level Total Net Leverage Ratio Applicable Rate I < 1.50:1.00 3.75 % II ³ 1.50:1.00 and < 2.00:1.00 4.00 % III ³ 2.00:1.00 and < 2.50:1.00 4.25 % IV ³ 2.50:1.00 and < 3.00:1.00 4.50 % V ³ 3.00:1.00 4.75 % The following table shall apply for determining interest rates for periods on and following the Amendment No. 2 Effective Date: Level Total Net Leverage Ratio Applicable Rate I < 1.50:1.00 4.25 % II ³ 1.50:1.00 and < 2.00:1.00 4.50 % III ³ 2.00:1.00 and < 2.50:1.00 4.75 % IV ³ 2.50:1.00 and < 3.00:1.00 5.00 % V ³ 3.00:1.00 5.25 % For purposes of determining the Applicable Rate:
Pricing Grid. Revolving Credit Facility ------------------------- Applicable Consolidated Applicable Margin- Applicable Margin- Commitment Indebtedness Ratio Eurocurrency Loans Base Rate Loans Fee Rate ------------------ ------------------ --------------- -------- *4.0 to 1.0 1.50% .500% .375% **4.0 to 1.0 and 1.25% .250% .300% *3.0 to 1.0 **3.0 to 1.0 and 1.00% .250% .250% *2.0 to 1.0 **2.0 to 1.0 and .750% 0% .250% *1.0 to 1.0 **1.0 to 1.0 .500% 0% .1875% Changes in the Applicable Margin or in the Applicable Commitment Fee Rate resulting from changes in the Consolidated Indebtedness Ratio shall become effective on each date which is the start of the succeeding fiscal quarter (each, an "Adjustment Date") for which an Applicable Margin Certificate of --------------- Holdings is delivered to the Lenders pursuant to Section 7.2(f) (but in any event not later than the 45th day after the end of each of each quarter of each fiscal year) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any Applicable Margin Certificate referred to above is not delivered within the time periods specified above, then the Consolidated Indebtedness 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 4.0 to 1.0. In addition, at all times while an Event of Default shall have occurred and be continuing, the highest rate set forth in each column of the Pricing Grid shall apply. Each determination of the Consolidated Indebtedness Ratio pursuant to this Pricing Grid shall be made for the periods and in the manner contemplated by Section 8.1(d). * Greater than ** Less than or equal to HANOVER COMPRESSOR COMPANY CREDIT AGREEMENT DISCLOSURE SCHEDULES ------------------------------------- General Comments with respect to HCC Disclosure Schedule: --------------------------------------------------------- While HCC has endeavored to identify under each Schedule and (by way of enumeration or cross reference) the particular items relevant thereto, items listed under one Schedule may be relevant to another Schedule. Accordingly, items listed under each Schedule are hereby incorporated by reference in each other Schedule, but only to the extent relevant to such other Schedule. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in the Agreement. SCHEDULE 1.1A LENDERS AND COMMITMENTS ----------------------- Name and Address Commitment ...
Pricing Grid. On the terms and subject to the conditions of this Amendment, the definition of Pricing Grid in Section 1.01 of the Existing Credit Agreement is hereby deleted.
Pricing Grid. The price for each head of cattle purchased by JBS USA under this Agreement shall be an amount determined pursuant to JBS USA’s pricing grid (the “Pricing Grid”), as the Pricing grid may be modified or supplemented from time to time by JBS USA, provided that the Pricing Grid shall in any event be competitive with JBS USA’s major competitors for the purchase of cattle purchased under this Agreement in accordance with standard industry practice.
