Category E Period subject to the Category Rules, at any time that either (i) the S&P Credit Rating is BBB or (ii) the Xxxxx’x Credit Rating is Baa2.
Category E Period in the column "Applicable Period" appearing therein and (ii) inserting the percentage "0.500%" immediately below the percentage "0.500%" in the column "Applicable Commitment Fee Percentage" appearing therein.
Category E Period shall exist at any time (i) Holdings has received gross cash proceeds of at least $200,000,000 from the sale after the Closing Date of its Equity Interests pursuant to a public offering of common stock, (ii) no Tranche II Term Loans remain outstanding and (iii) the Net Leverage Ratio is greater than or equal to 4.50 to 1.00.
Examples of Category E Period in a sentence
Category F Period None of a Category A Period, a Category B Period, a Category C Period, a Category D Period or a Category E Period is in effect at such time.
More Definitions of Category E Period
Category E Period. The Applicable Credit Rating is BB+/Ba1 Category F Period None of a Category A Period, a Category B Period, a Category C Period, a Category D Period nor a Category E Period is in effect at such time. Notwithstanding anything to the contrary set forth above, if neither Rating Agency rates the unsecured senior debt of the Borrower, then the Applicable Period shall be a Category F Period."
Category E Period. “Category F Period” and “Facility Fee Percentage” appearing in said subsection in their entirety and inserting the following new definitions in lieu thereof:
Category E Period. None of a Category A Period, a Category B Period, a Category C Period nor a Category D Period is in effect at such time.
Category E Period appearing in subsection 1.1 of the Credit Agreement is hereby amended by deleting the text "or lower" in each instance where it appears in said definition.
Category E Period appearing in said definition and inserting the text "Category F Period" in lieu thereof.
Category E Period means a period during which the Leverage Ratio of the Borrower as of the last day of the then most recently ended calendar quarter for which the Borrower has delivered financial statements pursuant to Section 5.3(a) or (b) is greater than or equal to 0.3:1.0 (it being understood that if the foregoing ratio is satisfied, such period shall be a Category E Period from and including the date of delivery of such financial statements to but excluding the date of the next delivery of such financial statements).
Category E Period means any period during which at all times the Credit Rating is BB- (to the extent that the Credit Rating at the time of determination is the Applicable Credit Rating assigned by S&P) or Ba3 (to the extent that the Credit Rating at the time of determination is the Applicable Credit Rating assigned by Moody's).