1.00 < 1.50 II 200 75 25.0 --------------------------------------------------------------------------- =/> 1.50 < 2.00 III 225 100 37.5 --------------------------------------------------------------------------- =/> 2.00 < 2.50 IV 250 125 50.0 --------------------------------------------------------------------------- Borrower shall be eligible for Level I pricing when its ratio of Funded Debt to EBITDA is less than 1.00:1.00; for Level II pricing when such ratio is equal to or greater than 1.00:1.00, but less than 1.50:1.00; for Level III pricing when such ratio is equal to or greater than 1.50:1.00, but less than 2.00:1.00; for Level IV pricing when such ratio is equal to or greater than 2.00:1.00, but less than 2.50:1.00. This ratio shall be measured quarterly for the preceding four-quarter period. The pricing will be set at Level IV until receipt of the first financial covenant compliance reflecting the Funded Debt to EBITDA ratio.","snippetLinks":[{"key":"applicable-margins","type":"definition","offset":[127,145]},{"key":"basis-points","type":"clause","offset":[150,162]},{"key":"reference-line","type":"definition","offset":[278,292]},{"key":"facility-fee","type":"definition","offset":[343,355]},{"key":"borrower-shall","type":"clause","offset":[853,867]},{"key":"level-i-pricing","type":"definition","offset":[884,899]},{"key":"ratio-of-funded-debt-to-ebitda","type":"definition","offset":[909,939]},{"key":"level-ii-pricing","type":"definition","offset":[968,984]},{"key":"equal-to","type":"definition","offset":[1004,1012]},{"key":"level-iii-pricing","type":"definition","offset":[1069,1086]},{"key":"level-iv-pricing","type":"definition","offset":[1171,1187]},{"key":"shall-be-measured","type":"clause","offset":[1279,1296]},{"key":"quarter-period","type":"definition","offset":[1330,1344]},{"key":"receipt-of","type":"clause","offset":[1388,1398]},{"key":"financial-covenant-compliance","type":"clause","offset":[1409,1438]},{"key":"funded-debt-to-ebitda-ratio","type":"definition","offset":[1454,1481]}],"samples":[{"hash":"cu8I9xzIYbi","uri":"/contracts/cu8I9xzIYbi#line-of-credit-pricing-grid","label":"Credit Agreement (Axt Inc)","score":18,"published":true}],"hash":"205f1985263f3ecd0ef7479654aa0d8d","id":2},{"size":1,"snippet":"means the following Line of Credit Pricing Grid: - APPLICABLE MARGINS (IN BASIS POINTS) & FEE - Ratio of Funded Pricing LIBOR Reference Line of Credit Debt to EBITDA Level Margin Rate Margin Facility Fee ---------------- ------- ------ ----------- -------------- < 1.00 I(*) 175 50 25.0 =/> 1.00 < 1.50 II(*) 200 75 25.0 =/> 1.50 < 2.00 III 225 100 37.5 =/> 2.00 < 2.50 IV 250 125 50.0 =/> 2.50 or < 0 V 300 150 75.0 (*)Pricing Level I and Level II options shall not be available for the period from the date of effectiveness of the Modification to April 1, 2002. Borrower shall be eligible for Level I pricing when its ratio of Funded Debt to EBITDA is less than 1.00:1.00; for Level II pricing when such ratio is equal to or greater than 1.00:1.00, but less than 1.50:1.00; for Level III pricing when such ratio is equal to or greater than 1.50:1.00, but less than 2.00:1.00; for Level IV pricing when such ratio is equal to or greater than 2.00:1.00, but less than 2.50:1.00; for Level V pricing when such ratio is equal to or greater than 2.50:1.00 or is less than 0. This ratio shall be measured quarterly for the preceding four-quarter period. The pricing will be set at Level III until receipt of the Borrower's next financial covenant compliance reflecting the Funded Debt to EBITDA ratio.\"","snippetLinks":[{"key":"applicable-margins","type":"definition","offset":[51,69]},{"key":"basis-points","type":"clause","offset":[74,86]},{"key":"reference-line","type":"definition","offset":[126,140]},{"key":"facility-fee","type":"definition","offset":[191,203]},{"key":"pricing-level-i","type":"definition","offset":[420,435]},{"key":"period-from","type":"definition","offset":[488,499]},{"key":"modification-to","type":"clause","offset":[533,548]},{"key":"april-1","type":"definition","offset":[549,556]},{"key":"borrower-shall","type":"clause","offset":[564,578]},{"key":"level-i-pricing","type":"definition","offset":[595,610]},{"key":"ratio-of-funded-debt-to-ebitda","type":"definition","offset":[620,650]},{"key":"level-ii-pricing","type":"definition","offset":[679,695]},{"key":"equal-to","type":"definition","offset":[715,723]},{"key":"level-iii-pricing","type":"definition","offset":[780,797]},{"key":"level-iv-pricing","type":"definition","offset":[882,898]},{"key":"level-v-pricing","type":"definition","offset":[983,998]},{"key":"shall-be-measured","type":"clause","offset":[1083,1100]},{"key":"quarter-period","type":"definition","offset":[1134,1148]},{"key":"of-the-borrower","type":"clause","offset":[1201,1216]},{"key":"financial-covenant-compliance","type":"clause","offset":[1224,1253]},{"key":"funded-debt-to-ebitda-ratio","type":"definition","offset":[1269,1296]}],"samples":[{"hash":"aNW2zx1Q2GW","uri":"/contracts/aNW2zx1Q2GW#line-of-credit-pricing-grid","label":"Credit Agreement (Axt Inc)","score":18,"published":true}],"hash":"33a428845e1c06940e5253be4f34d284","id":3}],"nextCurs":""}}" id="pagination-first-page">