Examples of Level 4 Period in a sentence
During any Rating Level 3 Period or Rating Level 4 Period, the Servicer shall deliver to each Managing Agent and the Seller, no later than 11:00 a.m., New York City time, on each Business Day, a Daily Report setting forth total Collections received and Receivables originated during the immediately preceding Business Day, the Net Receivables Pool Balance at the end of the immediately preceding Business Day, and such other information as the Administrative Agent or any Managing Agent may reasonably request.
The Pricing Period commencing 45 days after the quarter ended September 30, 2000 through the date which is 45 days after the quarter ended December 31, 2000 will be a Level 4 Period, and the Applicable Margin for LIBOR Borrowings and the LIBOR Portions during such Pricing Period will be 1.000%.
At any time following the occurrence and during the continuation of (i) any Termination Event or (ii) a Rating Level 4 Period (each, a "Servicer Replacement Event"), the Administrative Agent may (with the consent or at the direction of the Majority Managing Agents) designate another Person to succeed Medco as the Servicer.
Each Pricing Period thereafter will commence 45 days after the end of the immediately preceding quarter and will end 45 days after the end of the next applicable quarter and will be a Levex 0 Xxxxxx, x Xxxxx 0 Xxxxxx, x Xxxxx 0 Xxxiod, a Level 4 Period, a Level 5 Period or a Level 6 Period depending upon FIL's Debt/EBITDA Ratio for the consecutive four-quarter period ending on the last day of the immediately preceding quarter.
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.
Notwithstanding the foregoing, so long as (a) no Event of Termination has occurred and (b) a Level 4 Period is not in effect, (i) the Agent will not cause more than one (1) agreed upon procedures review pursuant to clause (A) above to be conducted in any calendar year, and (ii) the agreed upon procedures review to be conducted pursuant to clause (A) shall be conducted by the independent public accountants then engaged to audit the Originator's financial statements.
The second Pricing Period, which commences 45 days after the end of June 30, 2000 calendar quarter and ends 45 days after the quarter ended September 30, 2000, will be a Levex 0 Xxxxxx, x Xxxxx 0 Xxxxxx, x Xxxxx 0 Xxxiod, a Level 4 Period, a Level 5 Period or a Level 6 Period, depending upon FIL's Debt/EBITDA Ratio for the consecutive four-quarter period ending on June 30, 2000.
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.
If so instructed by the Agent, at any time during a Level 4 Period or following the occurrence of an Event of Termination, the Servicer shall transfer to the Agent (by wire transfer of funds to the account specified by the Agent) all Collections set aside or required to be set aside for the Agent or any Purchaser pursuant to Section 2.04 by the Business Day following the Servicer's receipt of such Collections.
At any time following the occurrence and during the continuation of (i) any Termination Event or (ii) a Rating Level 4 Period (each, a “Servicer Replacement Event”), the Administrative Agent may (with the consent or at the direction of the Majority Managing Agents) designate another Person to succeed Medco as the Servicer.