Level 2 Period definition

Level 2 Period means a period that is not a Level 1 Period during which the Rated Securities are rated better than or equal to Baa1 by Moody’s or better than or equal to BBB+ by Standard & Poor’s.

Level 2 Period means each period other than a Level 1 Period, and shall include each period during which either Moody’s or S&P shall not have in effect a rating (other than because either such rating agency shall no longer be in the business of rating corporate debt obligations).

Level 2 Period means a period that is not a Level 1 Period during which the Rated Securities are rated better than or equal to A1 by Moody’s or better than or equal to A+ by Standard & Poor’s.

Examples of Level 2 Period in a sentence

• During any Rating Level 2 Period, the Servicer shall deliver to each Managing Agent and the Seller, no later than 11:00 a.m., New York City time, on the second Business Day of each calendar week, a Weekly Report containing the information listed in Annex A-2 with respect to the immediately preceding calendar week, and such other information as the Administrative Agent or any Managing Agent may reasonably request.

• The Pricing Period of April 1, 2000 through June 30, 2000 will be a Level 2 Period, and the Applicable Margin for LIBOR Borrowings and the LIBOR Portions during such Pricing Period will be 0.750%.

• The Pricing Period of January 1, 1999 through March 31, 1999 will be a Level 2 Period.

• The Pricing Period of April 1, 2000 through June 30, 2000 will be a Level 2 Period, and the Applicable Margin for LIBOR Borrowings and the LIBOR Portions during such Pricing Period will be 0.600%.

• Xxxx Title: Authorized Signatory Level 1 Period 0 bps 100 bps Level 2 Period 25 bps 125 bps Level 3 Period 37.5 bps 137.5 bps Level 4 Period 50 bps 150 bps Level 5 Period 75 bps 175 bps Xxxxxxx Sachs Bank USA $ 87,500,000 JPMorgan Chase Bank, N.A. $ 87,500,000 The Bank of Tokyo-Mitsubishi UFJ, Ltd.

• The Pricing Period of April 1, 1999 through June 30, 1999 will be a Level 2 Period.

• The Pricing Period of October 1, 2000 through December 31, 2000 will be a Level 2 Period.

• The Margin Period of June 1, 1999 - August 31, 1999 will be a Level 2 Period.

• The Applicable Margin for each Loan and Portion and the Commitment Fee Percentage will be set for each Pricing Period and will vary depending upon whether such period is a Level 1 Period, a Level 2 Period, a Level 3 Period, a Level 4 Period or a Level 5 Period.

• The Margin Period of June 1, 1999 August 31, 1999 will be a Level 2 Period.

More Definitions of Level 2 Period

Level 2 Period means each period other than a Level 1 Period, and shall include each period during which either Xxxxx’x or S&P shall not have in effect a rating (other than because either such rating agency shall no longer be in the business of rating corporate debt obligations). For purposes of the forgoing, if only one of Xxxxx’x and S&P shall have in effect a rating, the Rating Level Period shall be determined to be the Level 2 Period.

Level 2 Period means any period which does not qualify as a Level 1 Period during which the Debt to Cash Flow from Operations Ratio measured as of the end of the most recent fiscal quarter was less than 2.0 to 1.0.

Level 2 Period. Level 3 Period" and "Level 4 Period" means a period of time during which the Consolidated Debt/Capital Ratio of Merisel Parent is as set forth in the table below: Ratio Period equal to or less than .55:1.00 Level 1 greater than .55:1.00 but equal Level 2 to or less than .60:1.00 greater than .60:1.00 but equal Level 3 to or less than .625:1.00 greater than .625:1.00 Xxxxx 0

Level 2 Period and "Level 3 Period" are hereby amended to read in their entirety as follows: