Applicable Pricing Grid definition
Applicable Pricing Grid means the table set forth on Schedule 1.1C.
Applicable Pricing Grid means, with respect to the Term Loans and the Revolving Loans, the table set forth below: Net Total Leverage Ratio Term Loans and Revolving Loans Applicable Margin per annum for Term Benchmark Loans Term Loans and Revolving Loans Applicable Margin per annum for Base Rate Loans Category 1 Equal to or Less than 2.75 to 1.00 2.75 % 1.75 % Category 2 Equal to or less than 3.25 to 1.00 but greater than 2.75 to 1.00 3.00 % 2.00 % Category 3 Greater than 3.25 to 1.00 3.25 % 2.25 % For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in the Net Total Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which financial statements and the related Compliance Certificate are delivered to the Lenders pursuant to Section 6.1(a) and Section 6.1(b) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements or Compliance Certificate referred to above are not delivered within the time periods specified in Section 6.1(a) and Section 6.1(b), then, until the date that is three Business Days after the date on which such financial statements and Compliance Certificate are delivered, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. In addition, at all times while an Event of Default shall have occurred and be continuing under Section 8.1(a), (f) or (g), the highest rate set forth in each column of the Applicable Pricing Grid shall apply. In the event that any financial statements under Section 6.1(a) and Section 6.1(b) or the related Compliance Certificate is shown to be inaccurate at any time and such inaccuracy, if corrected, would have led to a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Parent shall promptly (and in no event later than five (5) Business Days thereafter) deliver to the Administrative Agent a correct Compliance Certificate for such Applicable Period, (ii) the Applicable Margin shall be determined by reference to the corrected Compliance Certificate, and (iii) the Borrower shall pay to the Administrative Agent promptly upon written demand (and in no event later than five (5) Business Days after written demand) any additional interest owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied ...
Applicable Pricing Grid means the table set forth below:
More Definitions of Applicable Pricing Grid
Applicable Pricing Grid the table set forth below: Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Commitment Fee Rate > 4.00:1.00 2.75 % 1.75 % .50 % £ 4.00:1.00 but > 3.00:1.00 2.50 % 1.50 % .45 % £ 3.00:1.00 but > 2.00:1.00 2.25 % 1.25 % .40 % £ 2.00:1.00 2.00 % 1.00 % .35 % For the purposes of the Applicable 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 highest rate set forth in each column of the Applicable Pricing Grid shall apply. 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 Applicable Pricing Grid shall apply. Each determination of the Consolidated Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1.
Applicable Pricing Grid with respect to the Revolving Loans, Term Loans and the Commitment Fee Rate, the table set forth below: Consolidated First Lien Net Leverage Ratio Applicable Margin forEurodollar Loans(Revolving Loans and Term Loans) Applicable Margin forABR Loans(Revolving Loans and Term Loans) Commitment Fee Rate For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin and the Commitment Fee Rate resulting from changes in the Consolidated First Lien Net 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 highest rate set forth in each column of the table set forth above shall apply. In addition, at all times while an Event of Default under Section 8.1(a) or (f) shall have occurred and be continuing, the highest rate set forth in each column of the table set forth above shall apply. Each determination of the Consolidated First Lien Net Leverage Ratio for purposes of the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1(a).
Applicable Pricing Grid the table set forth below: Total Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Commitment Fee Rate Level I Greater than 3.50 to 1.00 2.75 % 1.75 % 0.45 % Level II Greater than 3.00 to 1.00 but equal to or less than 3.50 to 1.00 2.50 % 1.50 % 0.40 % Level III Greater than 2.50 to 1.00 but equal to or less than 3.00 to 1.00 2.25 % 1.25 % 0.35 % Level IV Greater than 2.00 to 1.00 but equal to or less than 2.50 to 1.00 2.00 % 1.00 % 0.30 % Level V Greater than 1.50 to 1.00 but equal to or less than 2.00 to 1.00 1.75 % 0.75 % 0.25 % Level VI Equal to or less than 1.50 to 1.00 1.50 % 0.50 % 0.20 % For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in the Total Leverage Ratio shall become effective on each Adjustment Date and shall remain in effect until the next change to be effected pursuant to this paragraph; provided that (a) no adjustment to a level providing a lower pricing shall be effected while an Event of Default is in existence and (b) the highest rate set forth in each column of the Applicable Pricing Grid shall apply at all times while an Event of Default under clause (a) or (f) of Section 8 shall have occurred and be continuing. 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 highest rate set forth in each column of the Applicable Pricing Grid shall apply. Each determination of the Total Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1.
Applicable Pricing Grid the table set forth below: Leverage Ratio Applicable Margin for Daily Simple SOFR Loans that bear interest based on the or Term SOFR LoansDaily LIBO Rate Applicable Margin for ABR Loans that bear interest based on the ABR Commitment Fee Rate Less than 30% 1.75% 0.75% 0.30% Greater than or equal to 30% and less than 40% 2.00% 1.00% 0.35% Greater than or equal to 40% and less than 50% 2.25% 1.25% 0.40% Greater than or equal to 50% 2.50% 1.50% 0.45% For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in the Leverage Ratio shall become effective on the first day of each January, April, July and October, beginning on JulyJanuary 1, 20212023 (each, an “Adjustment Date”) based on the Leverage Ratio reported in the Compliance Certificate calculations delivered to the Lenders pursuant to Section 6.1(g) during the fiscal quarter immediately prior to such Adjustment Date (for avoidance of doubt, in respect of the fiscal quarter that was two quarters immediately prior to such Adjustment Date) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any Compliance Certificate calculations referred to above are not delivered within the time periods specified in Section 6.1(g), then the highest rate set forth in each column of the Applicable Pricing Grid shall apply for the applicable quarter. 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 Applicable Pricing Grid shall apply and, if applicable, the additional interest provided for in Section 2.11(c) shall be added to such rate. Each determination of the
Applicable Pricing Grid with respect to Initial Term Loans, Revolving Loans, Swingline Loans, 2024 Delayed Draw Term Loans and the Commitment Fee Rate, the table set forth below: Level I < 2.00x 0.125% 1.125% 0.150% Level II > 2.00x and < 3.00x 0.250% 1.250% 0.175% Level III > 3.00x and < 3.50x 0.375% 1.375% 0.200% Level IV > 3.50x and < 4.00x 0.625% 1.625% 0.250% Level V > 4.00x and < 4.50x 0.875% 1.875% 0.300% Level VI > 4.50x 1.00% 2.00% 0.350% For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in the Consolidated Total Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which a Compliance Certificate is delivered to the Administrative Agent pursuant to Section 6.2 commencing with the fiscal period ending March 31, 2024 and shall remain in effect until the next change to be effected pursuant to this paragraph. If any Compliance Certificate referred to above is not delivered within the time periods specified in Section 6.2, then, until the date that is three Business Days after the date on which such Compliance Certificate is delivered, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. Each determination of the Consolidated Total Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1(b).
Applicable Pricing Grid the table set forth below: Greater than 6.00 to 1.00 2.50 1.50 0.50 Less than 6.00 to 1.00 but greater than 5.00 to 1.00 2.25 1.25 0.50 Less than 5.00 to 1.00 2.00 1.00 0.375 For the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in the Total Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is one Business Day after the date on which financial statements are delivered to the Lenders pursuant to Section 5.04 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 5.04, then, until the date that is one Business Day after the date on which such financial statements are delivered, the highest rate set forth in each column of the Applicable Pricing Grid shall apply. 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 Applicable Pricing Grid shall apply. Each determination of the Total Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.10.
Applicable Pricing Grid the table set forth below: Level I > 2.5x 2.75 % 1.75 % 0.45 % Level II > 2.0x and < 2.5x 2.50 % 1.50 % 0.40 % Level III > 1.5x and < 2.0x 2.25 % 1.25 % 0.35 % Level IV > 1.0x and < 1.5x 2.00 % 1.00 % 0.30 % Level V < 1.0x 1.75 % 0.75 % 0.25 % ; provided, that Levels IV and V shall be unavailable in determining the Applicable Margin until the Borrower has delivered the financial statements for the fiscal quarter ended June 30, 2012 in accordance with Section 6.1. For the purposes of the Applicable 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 highest rate set forth in each column of the Applicable Pricing Grid shall apply. 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 Applicable Pricing Grid shall apply following a written request delivered by the Administrative Agent to the Borrower on behalf of the Required Lenders. Each determination of the Consolidated Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 7.1.