Performance Pricing Determination Date definition

Performance Pricing Determination Date has the meaning set forth in Section 2.06(a).

Performance Pricing Determination Date means each date on which the Debt Rating changes. Each change in interest and fees as a result of a change in Debt Rating shall be effective only for Loans (including Refunding Loans) which are made on or after the relevant Performance Pricing Determination Date. All determinations hereunder shall be made by the Agent unless the Required Banks or the Borrower shall object to any such determination. The Borrower shall promptly notify the Agent of any change in the Debt Rating.

Performance Pricing Determination Date means each date on which the Debt Rating changes.

Examples of Performance Pricing Determination Date in a sentence

• The "Performance Pricing Determination Date" is the date which is the last date on which such financial statements are permitted to be delivered pursuant to Section 5.01(a) or (b), as applicable.

• The "Performance Pricing Determination Date" is the date which is the last date on which such financial statements are permitted to be delivered pursuant to Section 6.01(a) or (b), as applicable.

• Any such required change in interest and fees shall become effective on such Performance Pricing Determination Date, and shall be in effect until the next Performance Pricing Determination Date, provided that no fees or interest shall be decreased -------- pursuant to this Section 2.05 or Section 2.06 if an Event of Default is in existence on the Performance Pricing Determination Date.

• Except as set forth in the last sentence hereof, any such increase or reduction in the Applicable Margin provided for herein shall be effective on the Performance Pricing Determination Date; provided, however, that for Euro-Dollar Loans, any reduction in the Applicable Margin shall only be effective for Interest Periods commencing on or after the Performance Pricing Determination Date.

• Any such required change in interest and fees shall become effective on such Performance Pricing Determination Date, and shall be in effect until the next Performance Pricing Determination Date, provided that no fees or interest shall be decreased pursuant to this SECTION 2.06 if an Event of Default is in existence on the Performance Pricing Determination Date.

More Definitions of Performance Pricing Determination Date

Performance Pricing Determination Date means each date that occurs 45 days after the end of each of the first three (3) Fiscal Quarters, and 90 days after the end of the last Fiscal Quarter, of the Borrower.

Performance Pricing Determination Date has the meaning set forth in the definition of Applicable Margin.

Performance Pricing Determination Date means (i) each date that occurs 45 days after the end of each of the first 3 Fiscal Quarters, and 90 days after the end of the last Fiscal Quarter, or, if applicable, (ii) each date on which the Debt Rating changes. Each change in interest and fees as a result of a change in Debt Rating or as a result of a change in the ratio of Consolidated Debt to Consolidated EBITDA as reflected in the Audited Statements or the Unaudited Statements shall be effective only for Syndicated Loans (including Refunding Loans) which are made on or after the relevant Performance Pricing Determination Date. All determinations hereunder shall be made by the Agent unless the Required Banks shall object to any such determination. The Parent shall promptly notify the Agent of any change in the Debt Rating.

Performance Pricing Determination Date means (a) the date of this -------------------------------------- Agreement, and (b) any of the following dates: January 1, 1999, and the first day of each calendar quarter (April 1, July 1, October 1, and January 1) thereafter as of which day the Debt Rating, as determined by Administrative Agent, shall be either (i) lower than the Debt Rating, as determined by Administrative Agent, in effect on the immediately preceding Performance Pricing Determination Date, or (ii) higher than the Debt Rating, as determined by Administrative Agent, in effect on the immediately preceding Performance Pricing Determination Date, if Borrower shall have given Administrative Agent written notice on or before such day of Borrower's determination that the Debt Rating as of such day is or shall be higher than the Debt Rating in effect on such immediately preceding Performance Pricing Determination Date. For purposes of this definition, if there is no Debt Rating in effect on a Performance Pricing Determination Date there shall nevertheless be deemed to be a Debt Rating in effect on such date which is below Standard and Poor's BBB- rating and below Xxxxx'x Investor Service Baa3 rating.

Performance Pricing Determination Date means each date on which the Credit Rating changes, and if the Applicable Margin is determined by reference to the Leverage Ratio, the first (1st) Business Day following the delivery by Borrower to the Agent of the Compliance Certificate at the end of a fiscal quarter (or the first (1st) Business Day after such delivery was required, as applicable).

Performance Pricing Determination Date is each of the dates which is 45 days after the end of each of the first three Fiscal Quarters in any Fiscal Year and 120 days after the end of each Fiscal Year. Any such required change in interest and fees shall become effective on such Performance Pricing Determination Date, and shall be in effect until the next Performance Pricing Determination Date, provided that no interest shall be decreased pursuant to this Section 2.4 if a Default is in existence on the Performance Pricing Determination Date. Notwithstanding the foregoing or anything else herein to the contrary, (i) if at any time the Borrowers shall have failed to deliver the financial statements as required by Section 5.1(a) or 5.1(b), as the case may be, and the certificate required by Section 5.1(c), or if at any time a Default or Event of Default shall have occurred and be continuing, then at the election of the Bank, at all times from and including the date on which such financial statements and certificate are required to have been delivered (or the date of occurrence of such Default or Event of Default, as the case may be) to the date on which the same shall have been delivered (or such Default or Event of Default cured or waived, as the case may be), the Applicable Margin shall be determined as if the Funded Debt to EBITDA Ratio for the Borrower was greater than 2.25 to 1.0, but less than or equal to 3.0 to 1.0 (notwithstanding the actual Funded Debt to EBITDA Ratio for the Borrower), and (ii) from the Closing Date until the Performance Pricing Determination Date for the Fiscal Quarter ending March 31, 2006, the Applicable Margin shall be determined as if the Funded Debt to EBITDA Ratio for the Borrower was less than 1.75 to 1.0 (notwithstanding the actual Funded Debt to EBITDA Ratio).

Performance Pricing Determination Date means each date on which the Credit Rating changes.