Level IV Pricing Period shall have the meaning assigned to such term in Section 2.16(a).
Level IV 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 2.50:1.00 but less than or equal to 3.00:1.00 and no Event of Default has occurred and is continuing.
Level IV Pricing Period means any period that is not a Level I Pricing Period, a Level II Pricing Period or a Level III Pricing Period.
Examples of Level IV 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.
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.
More Definitions of Level IV Pricing Period
Level IV Pricing Period means any period during which the Pricing Ratio is greater than 3.00:1 but less than or equal to 3.50:1 and no Event of Default has occurred and is continuing.
Level IV 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 2.5 to 1.0 or greater but less than 2.75 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 IV Pricing Period means any period that is not a Level I Pricing Period, Level II Pricing Period or Level III Pricing Period.
Level IV Pricing Period means any xxxxxx 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 axx xxxxod that 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 IV Pricing Period means, subject to Section 2.07(c), any period during which the Debt/EBITDAR Ratio of Horizon is greater than 4:00:1.00 but less than or equal to 4.50:1.00 and no Event of Default has occurred and is continuing.
Level IV Pricing Period means, subject to Section 2.07(c), any period during which (a) the Leverage Ratio is greater than 4.50:1.00 but less than or equal to 5.00:1.00 and (b) no Default or Event of Default has occurred and is continuing." ""Level V Pricing Period" shall mean (a) with respect to any day from and including the First Amendment Effective Date through the date on which financial statements and certifications are required to be delivered pursuant to Section 5.04(g) and (b) thereafter, any period which is not a Level I Pricing Period, a Level II Pricing Period, a Level III Pricing Period or a Level IV Pricing Period." ""Simtran Acquisition" shall mean the acquisition by FATS, Inc., through a Wholly Owned Subsidiary, of 100% of the capital stock of Simtran Technologies, Inc., which acquisition is a Permitted Acquisition." SECTION 1.02.
Level IV Pricing Period means any period (other than a Level I Pricing Period, a Level II Pricing Period or a Level III Pricing Period) during which the Borrower's public long-term senior unsecured Debt is rated A+ or better by S&P or A1 or better by Moody's; provided that, in the event of a split rating, the higher rating will apply for purposes of determining the Pricing Level unless the Pricing Level based on the higher rating is more than one Pricing Level removed from that of the lower rating, in which case the Pricing Level will be that which is the midpoint between (or, if there is no midpoint, the higher of the two intermediate Pricing Levels between) the Pricing Levels determined by the two ratings.