Level II Pricing Period definition

Level II Pricing Period means, subject to Section 2.06(e), any period during which the Leverage Ratio is greater than or equal to 3.50:1.00 but less than 4.00:1.00 and no Event of Default has occurred and is continuing.

Level II Pricing Period means any period during which the Pricing Ratio is greater than 2.00:1 but less than or equal to 2.50:1 and no Event of Default has occurred and is continuing.

Level II Pricing Period has the meaning set forth in ----------------------- Section 2.18.

Examples of Level II Pricing Period in a sentence

• Such commitment fee shall accrue at the rate of (i) 0.25% per annum during any Level I Pricing Period, (ii) 0.30% per annum during any Level II Pricing Period, (iii) 0.375% per annum during any Level III Pricing Period or Level IV Pricing Period or (iv) 0.4375% during any Level V Pricing Period.

• The Company shall pay to the ---- ------------ Administrative Agent, for the account of each Bank, facility fees for each day during the Revolving Credit Period, at a rate equal to (a) if such day falls within a Level I Pricing Period, 0.060% per annum or (b) if such day falls within a Level II Pricing Period, 0.125% per annum, in each case of such Bank's Commitment (whether used or unused) for such day.

• The Company shall ---- ------------- pay to the Administrative Agent, for the account of each Bank, facility fees for each day during the Revolving Credit Period, at a rate equal to (a) if such day falls within a Level I Pricing Period, 0.060% per annum or (b) if such day falls within a Level II Pricing Period, 0.125% per annum, in each case of such Bank's Commitment (whether used or unused) for such day.

• Each Level I Pricing Period, Level II Pricing Period, Level III Pricing Period or Level IV Pricing Period (each a "Pricing Period") shall commence on (and include) the date that is the first day of the third month following the end of each fiscal quarter of the Borrower and shall terminate on the day before the beginning of the next Pricing Period.

• The Agent shall determine the amount of accrued fees payable hereunder on each payment date and notify the Company thereof; provided, that the Facility Fee Rate shall be determined by reference to the Level II Pricing Period for the period from the Effective Date through the date that financial statements are first required to be delivered pursuant to Section 5.01 (a) or (b) (whether or not so delivered).

More Definitions of Level II Pricing Period

Level II Pricing Period means any period that is not a Level ----------------------- I Pricing Period. "Pricing Period" means a Level I Pricing Period or a Level -------------- II Pricing Period.

Level II Pricing Period means, subject to Section 2.07(c), any period on or after the Effective Date during which the Consolidated Pricing Ratio is greater than 1.50:1.00 but less than or equal to 2.00:1.00 and no Event of Default has occurred and is continuing.

Level II Pricing Period means any period (other than the Initial Pricing Period) during which the Borrower's Debt Coverage Ratio as of the end of the most recent Calculation Period is 2.0 to 1.0 or greater but less than 2.25 to 1.0. Any such period shall commence on (and include) the date of delivery to the Agent of financial statements demonstrating that such period has commenced and shall terminate on (and exclude) the date of delivery to the Agent of financial statements demonstrating that such period has terminated.

Level II Pricing Period means any period (other than a Level I Pricing Period) during which the Pricing Ratio for the most recent Calculation Period is less than or equal to 2.5 to 1.0.

Level II Pricing Period means any xxxxxx during which Index Debt shall be rated (i) BBB+ or better by S&P and Baal by Moody's or (ii) BBB+ by S&P and Baal or better by Xxxxx'x; "Level III Pricing Period" shall mean any xxxxxx during which Index Debt shall be rated (i) BBB or better by S&P and Baa2 by Moody's or (ii) BBB by S&P and Baa2 or better by Mxxxx'x; "Level IV Pricing Period" shall mean any perixx during which Index Debt shall be rated (i) BBB- or better by S&P and Baa3 by Moody's or (ii) BBB- by S&P and Baa3 or better by Xxxxx'x; and "Level V Pricing Period" shall mean any pxxxxx xhat is not a Level I Pricing Period, a Level II Pricing Period, a Level III Pricing Period or a Level IV Pricing Period, including any period during which Index Debt shall be unrated by either S&P or Moody's. "Pricing Period" shall mean a Level I Pricinx Xeriod, a Level II Pricing Period, a Level III Pricing Period, a Level IV Pricing Period or a Level V Pricing Period.

Level II Pricing Period means, subject to Section 2.1(d)(iii), any period on or after the Closing Date during which the Leverage Ratio is greater than 3.50:1.00 but less than or equal to 4.00:1.00 and no Event of Default has occurred and is continuing."

Level II Pricing Period means (a) if the Company's Index Debt is not being rated by both S&P and Xxxxx'x, any period during which the Company's Leverage Ratio for the most recent Calculation Period is 0.50 or greater but less than 0.75 or (b) if the Company's Index Debt is being rated by both S&P and Xxxxx'x, any period during which the Company's Index Debt is rated BBB- by S&P or Baa3 by Xxxxx'x; provided, however, in the event the Index Debt of the Company receives a split rating from S&P and Xxxxx'x, the Pricing Period shall be based upon (i) the Pricing Period pertaining to the higher of such ratings in the event such ratings are one level apart, and (ii) the Pricing Period pertaining to the level immediately below the level of the higher of such ratings in the event such ratings are two or more levels apart. Any such period referred to in clause (a) above shall commence on (and include) the date of delivery to the Agent of financial statements demonstrating that such period has commenced and shall terminate on (and exclude) the date of delivery to the Agent of financial statements demonstrating that such period has terminated.