Applicable Tier definition

Applicable Tier shall have the meaning set forth in Annex A hereof.
Applicable Tier means, on any date, whichever of Tier I, Tier II, Tier III or Tier IV applies on such date. Subject to the other provisions of this definition, on the Second Amendment Date through March 31, 2006 the Applicable Tier shall be Tier III. Thereafter, subject to the other provisions of this definition, (a) following the end of each fiscal quarter of the Parent, the Loan Parties shall prepare and deliver to the Agent in accordance with Section 6.01(d) a Quarterly Compliance Certificate, duly completed and signed by a Responsible Officer, computing which of the financial tests in the table set forth below the Loan Parties satisfy as of the last day of such fiscal quarter and (b) the Applicable Tier corresponding to such financial test shall take effect on the first day of the month following the month in which the Agent receives such Quarterly Compliance Certificate, and such Applicable Tier shall continue in effect until reset in accordance with this definition. If a Quarterly Compliance Certificate is not received by the Agent by the last day of the month in which it is required to be delivered under Section 6.01(d), then, without limiting any other rights and remedies of the Agent or any Lender, the Applicable Tier shall be deemed to be Tier IV for each day from and including the first day of the month in which such Quarterly Compliance Certificate was required to be delivered to and including the fifth day after the date on which such Quarterly Compliance Certificate is received by the Agent. Notwithstanding anything to the contrary in this definition, the Applicable Tier shall be deemed to be Tier IV in each day on which an Event of Default has occurred and is continuing.
Applicable Tier means, on any date, whichever of Tier I, Tier II, Tier III, Tier IV, Tier V or Tier VI applies on such date. Subject to the other provisions of this definition, on the Closing Date, shall be determined by calculating the Consolidated Leverage Ratio for the period from July 1, 1997 to June 30, 1998. The Applicable Tier shall be determined by referring to the Consolidated Leverage Ratio for the period from July 1, 1997 to June 30, 1998, and such Tier shall continue in effect until reset in accordance with this definition. Thereafter, subject to the other provisions of this definition, (i) following the end of each fiscal quarter of the Borrower, the Borrower shall prepare and deliver to the Agent in accordance with Section 5.01(c) a Compliance Certificate, duly completed and signed by a Responsible Officer, computing which of the financial tests in the table set forth below the Borrower satisfies as of the last day of such fiscal quarter, and (ii) the Applicable Tier corresponding to such financial test shall take effect on the first day of the quarter following the quarter in which the Agent receives such Quarterly Calculation Certificate, and such Applicable Tier shall continue in effect until reset in accordance with this definition. In the event that a Quarterly Calculation Certificate is not received by the Agent by the last day of the month in which it is required to be delivered under Section 5.01(i), then, without limiting any other rights and remedies of the Banks, the Applicable Tier shall be deemed to be Tier I for each day from and including the first day of the quarter following the quarter in which such Quarterly Calculation Certificate was required to be delivered to and including the fifth day after the date on which such Quarterly Calculation Certificate is received by the Agent. Notwithstanding anything to the contrary in this definition, the Applicable Tier shall be deemed to be Tier I each day on which an Event of Default has occurred and is continuing. For purposes of the foregoing, the "Applicable Tier" shall be determined by using the following chart: ------------------------------------------------------------------------------------------------------------- APPLICABLE TIER CONSOLIDATED LEVERAGE RATIO ------------------------------------------------------------------------------------------------------------- Tier I Less than or equal to 3.25 and greater than 2.75 to 1.00 ---------------------------------------------------------------...

Examples of Applicable Tier in a sentence

  • Common Medical Event Services You May NeedWhat You Will Pay Limitations, Exceptions, & Other Important Information Network Provider (You will pay the least)Out-of-Network Provider(You will pay the most)If you need drugs to treat your illness or conditionMore information about prescription drug coverage is available at www.myuhc.com Tier 4 Not Applicable Not Applicable Tier not applicable for this plan.

  • For purposes hereof, the "Commitment Fee Rate" for each day shall mean the applicable percentage set forth in Annex A based on the Applicable Tier on such day times 1/360.

  • For purposes hereof, the “Commitment Fee Rate” for each day shall mean the applicable percentage set forth in Annex A based on the Applicable Tier on such day times 1/360.

  • With 11 “Power Brands” currently reflecting over 80% of sales and profits, and equity positions in ArmaKleen, Armand and Armex, Church & Dwight earned its position on the S&P 500 in 2016 and continues to look to leverage strong brand equity into growth.

  • The Applicable Margin for each day shall mean the applicable percentage set forth in Annex B based on the Applicable Tier on such day.

  • D Example of Determining Applicable Tier A dairy operation with a production history of 10 million pounds elects one year coverage level of $6.00 and at 75 percent coverage will pay a premium for covered production history determined at 7.5 million pounds, with 5 million pounds attributed at the applicable lower Tier 1 premium rate that corresponds to the $6.00 margin trigger and the remaining 2.5 million pounds attributed at the higher Tier 2 premium rate that corresponds to the $6.00 margin trigger.

  • The Applicable Margin for each day shall mean the applicable percentage set forth in Annex A for each interest rate option based on the Applicable Tier on such day, provided that, from the Closing Date through September 30, 2000 the Applicable Tier shall be no lower than Tier II.

  • The Applicable Margin for each day shall mean the applicable percentage set forth in Annex A for each interest rate option based on the Applicable Tier on such day, provided that, from the Closing Date through June 30, 2004 the Applicable Tier shall be Tier I.

  • Contraceptive Drugs and devices $0 Tier 1 Drugs $10/prescription Tier 2 Drugs $40/prescription Tier 3 Drugs $60/prescription Tier 4 Drugs 30% up to$250/prescription Applicable Tier 1, Tier 2, or Tier 3 Copayment ✔ 25% plus $10/prescription ✔ ✔ 25% plus $40/prescription ✔ ✔ 25% plus $60/prescription ✔ ✔ 30% up to $250/prescription plus 25% of purchase price ✔ Retail pharmacy prescription Drugs Per prescription, up to a 90-day supply from a 90-day retail pharmacy.

  • Contraceptive Drugs and devices Tier 1 Drugs Tier 2 Drugs Tier 3 Drugs $0 $20/prescription $70/prescription $120/prescription Not covered ✔ Not covered ✔ Not covered ✔ Not covered Benefits8,9 When using a Participating Pharmacy3 Tier 4 Drugs 30% up to $400/prescription CYD2 applies ✔ When using a Non- Participating Pharmacy4 Not covered CYD2 applies Applicable Tier 1, Tier 2, Tier 3, or Tier Oral Anticancer Drugs 4 Copayment up to $200/prescription Per prescription, up to a 30-day supply.


More Definitions of Applicable Tier

Applicable Tier means the Tier selected by Customer on the Purchase Order.
Applicable Tier means the Tier selected by Customer on the Cover Page.
Applicable Tier shall have the meaning set forth in Annex B to this Agreement.

Related to Applicable Tier

  • Applicable Timetable means, in respect of any day, that part of the Working Timetable in respect of that day which is required to be drawn up in accordance with Condition D2.1.1 of the Network Code as at 22:00 hours on the day prior to that day; "Bi-annual Timetable" means either of the following:

  • Applicable Time means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

  • Defensible Title means, with respect to a given Asset, such ownership by Seller in that Asset that, subject to and except for Permitted Encumbrances:

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Issuer-Represented General Free Writing Prospectus means any Issuer-Represented Free Writing Prospectus that is intended for general distribution to prospective investors.

  • applicable Terms Agreement means the Terms Agreement dated the date hereof. To the extent not defined herein, capitalized terms used herein have the meanings assigned to such terms in the Indenture or the Pooling and Servicing Agreement. Unless otherwise stated herein or in the applicable Terms Agreement, as the context otherwise requires or if such term is otherwise defined in the Indenture or the Pooling and Servicing Agreement, each capitalized term used or defined herein or in the applicable Terms Agreement shall relate only to the Notes designated in the applicable Terms Agreement and no other Series, Class or Tranche of Notes issued by the Issuer. The Bank has prepared and filed with the Securities and Exchange Commission (the “Commission”) in accordance with the provisions of the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Act”), a shelf registration statement on Form S-3 (having the registration number stated in the applicable Terms Agreement), including a form of prospectus, relating to the Notes and the Collateral Certificate. The registration statement as amended has been declared effective by the Commission. If any post-effective amendment has been filed with respect thereto, prior to the execution and delivery of the applicable Terms Agreement, the most recent such amendment has been declared effective by the Commission. Such registration statement, as amended at the time of effectiveness, including all material incorporated by reference therein and including all information (if any) deemed to be part of the registration statement at the time of effectiveness pursuant to Rule 430A under the Act, is referred to in this Agreement as the “Registration Statement.” The Bank proposes to file with the Commission pursuant to Rule 424(b) (“Rule 424(b)”) under the Act a supplement (the “Prospectus Supplement”) to the prospectus included in the Registration Statement (such prospectus, in the form it appears in the Registration Statement or in the form most recently revised and filed with the Commission pursuant to Rule 424(b) is hereinafter referred to as the “Basic Prospectus”) relating to the Notes and the method of distribution thereof. The Basic Prospectus and the Prospectus Supplement, together with any amendment thereof or supplement thereto, is hereinafter referred to as the “Prospectus.” Upon the execution of the applicable Terms Agreement, the Bank agrees with the Underwriters as follows:

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Marketable Title means such ownership by Seller in the Assets that, subject to and except for the Permitted Encumbrances:

  • General Use Free Writing Prospectus means any Issuer Free Writing Prospectus that is identified on Schedule A to this Agreement.

  • Issuer-Represented Limited-Use Free Writing Prospectus means any Issuer-Represented Free Writing Prospectus that is not an Issuer-Represented General Free Writing Prospectus. The term Issuer-Represented Limited-Use Free Writing Prospectus also includes any “bona fide electronic road show,” as defined in Rule 433 under the Securities Act, that is made available without restriction pursuant to Rule 433(d)(8)(ii), even though not required to be filed with the Commission.

  • General Use Issuer Free Writing Prospectus means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced by its being so specified in Schedule B to this Agreement.

  • Applicable ABR Margin means, at any date:

  • Applicable Pricing Grid means the table set forth on Schedule 1.1C.

  • Applicable Commitment Commission Percentage means (i) for each day on which the Aggregate Exposure is less than or equal to 50% of the Total Commitment, 0.375% and (ii) for each day on which the Aggregate Exposure exceeds 50% of the Total Commitment, 0.250%.

  • Canadian Base Prospectus has the meaning set forth in Section 1(a) hereof.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Permitted Free Writing Prospectus shall have the meaning ascribed to such term in Section 4(g).

  • Issuer General Use Free Writing Prospectus means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors (other than a “bona fide electronic road show,” as defined in Rule 433 (the “Bona Fide Electronic Road Show”)), as evidenced by its being specified in Schedule 2-B hereto.

  • Canadian Preliminary Prospectus means the Initial Canadian Preliminary Prospectus, as amended by the Amended and Restated Canadian Preliminary Prospectus, including the Documents Incorporated by Reference;

  • Ratings Free Writing Prospectus means the free writing prospectus setting forth the ratings on the Offered Notes identified in Schedule II.

  • Issuer Limited Use Free Writing Prospectus means any Issuer Free Writing Prospectus that is not an Issuer General Use Free Writing Prospectus.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Applicable Fee Percentage means, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Pricing Matrix attached to this Agreement as Schedule 1.1.