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 Greater than 2.75:1.00 3.00% 2.00% 0.45% Less than or equal to 2.75:1.00 but greater than 2.25:1.00 2.50% 1.50% 0.45% Less than or equal to 2.25:1.00 but greater than 1.75:1.00 2.25% 1.25% 0.40% Less than or equal to 1.75:1.00 but greater than 1.50:1.00 1.75% 0.75% 0.35% Less than or equal to 1.50:1.00 1.50% 0.50% 0.30% 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 pricing grid set forth below: Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Greater than or equal to 3.0 to 1.0 2.00% 1.00% Less than 3.0 to 1.0 1.75% 0.75% For the purposes of the Applicable Pricing Grid, the Consolidated Leverage Ratio shall be calculated as of the last day of each fiscal quarter and 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 with respect to such fiscal quarter (or the fiscal year ending with such fiscal quarter, as applicable) 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.
Applicable Pricing Grid means the table set forth on Schedule 1.1C.
Examples of Applicable Pricing Grid in a sentence
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.
If any Compliance Certificate referred to above is not delivered within the time period specified in Section 5.01(d), 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 Total Net Leverage Ratio pursuant to the Applicable Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 6.13.
If any financial statements 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.
More Definitions of Applicable Pricing Grid
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 Consolidated Total Leverage Ratio Type of Loan Commitment Fee Rate ABR Eurocurrency, Term Benchmark and RFR 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 means the table set forth below:
Applicable Pricing Grid the table set forth below: Consolidated Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for ABR Loans Commitment Fee Rate ³ 4.00:1.00 3.00 % 2.00 % 0.50 % ³ 3.00:1.00 but < 4.00:1.00 2.75 % 1.75 % 0.45 % ³ 2.00:1.00 but < 3.00:1.00 2.50 % 1.50 % 0.40 % < 2.00:1.00 2.25 % 1.25 % 0.35 % 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(a).
Applicable Pricing Grid the table set forth below: Level Corporate Rating Bankers’ Acceptances/ Eurodollar Loan Applicable Margin US Base Rate Loan / ABR Loan / Canadian Prime Rate Loan Applicable Margin Facility Fee I Corporate Ratings of at least BBB+ by S&P/Baa1 by Xxxxx’x 1.20 % 0.20 % 0.175 % II Corporate Ratings of at least BBB by S&P/Baa2 by Xxxxx’x and not Level I 1.30 % 0.30 % 0.20 % Level Corporate Rating Bankers’ Acceptances/ Eurodollar Loan Applicable Margin US Base Rate Loan / ABR Loan / Canadian Prime Rate Loan Applicable Margin Facility Fee III Corporate Ratings of at least BBB- by S&P/Baa3 by Xxxxx’x and not Level I or II 1.50 % 0.50 % 0.25 % IV Corporate Ratings of at least BB+ by S&P/Ba1 by Xxxxx’x and not Level I, II or III 1.70 % 0.70 % 0.30 % V Corporate Ratings below Level IV 1.85 % 0.85 % 0.40 % “Corporate Rating” is the public, corporate credit rating of the Parent Borrower or, if no such rating is available, the rating for the senior, unsecured, long-term indebtedness for borrowed money of the Parent Borrower. For purposes of the foregoing, (i) if either Xxxxx’x or S&P shall not have in effect a Corporate Rating (other than by reason of the circumstances referred to in the last sentence of this definition), then such rating agency shall be deemed to have established a rating in Level V; (ii) if the Corporate Ratings established or deemed to have been established by Xxxxx’x and S&P shall fall within different Levels, the pricing shall be based on the higher of the two ratings unless one of the two ratings is two or more Levels lower than the other, in which case the pricing shall be determined by reference to the Level next below that of the higher of the two ratings; and (iii) if the Corporate Rating established or deemed to have been established by Xxxxx’x or S&P shall be changed (other than as a result of a change in the rating system of Xxxxx’x or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency, irrespective of when notice of such change shall have been furnished by the Borrowers to the Administrative Agent and the Lenders. Each change in pricing shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Xxxxx’x or S&P shall change, or if either such rating agency shall cease to be in the business of assigning corporate ratings, the Borrowers and the Lender...
Applicable Pricing Grid means the table set forth below: Level Xxxxx’x/S&P Ratings Applicable Margin Eurodollar Loans Applicable Margin ABR Loans I B-/B3 or worse 3.75 % 2.75% II B/B2 3.50 % 2.50% III B+/B1 or better 3.25 % 2.25% For the purposes of the foregoing, (i) if the Ratings established by Xxxxx’x and S&P shall fall within different Levels, the Applicable Margin shall be based on the higher of the two Ratings unless one of the two Ratings is two Levels lower than the other, in which case the Applicable Margin shall be determined by reference to the Level next below that of the higher of the two Ratings, (ii) if the Ratings established by Xxxxx’x and S&P shall be changed (other than as a result of a change in the rating system of Xxxxx’x or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency and (iii) if neither Xxxxx’x nor S&P shall have in effect a Rating, the Applicable Margin shall be based on Level I. Each change in the Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If either (but not both) of Xxxxx’x and S&P shall cease to have in effect a Rating (whether as a result of such agency ceasing to be in the business of rating corporate borrowers or otherwise), the Applicable Margin shall be determined by reference to the Rating of the other rating agency.
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 2.50 to 1.00 2.50 % 1.50 % 0.45 % Level II Greater than 2.00 to 1.00 but equal to or less than 2.50 to 1.00 2.25 % 1.25 % 0.40 % Level III Greater than 1.50 to 1.00 but equal to or less than 2.00 to 1.00 2.00 % 1.00 % 0.35 % Level IV Greater than 1.00 to 1.00 but equal to or less than 1.50 to 1.00 1.75 % 0.75 % 0.30 % Level V Equal to or less than 1.00 to 1.00 1.50 % 0.50 % 0.25 % 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 means (a) with respect to any day prior to the Collateral Release Date, the table set forth on Schedule 1.1G under the heading “Pre-Collateral Release Date” and (b) with respect to any day on or after the Collateral Release Date, the table set forth on Schedule 1.1G under the heading “Post-Collateral Release Date”.