PMC Pricing definition
PMC Pricing has the meaning set forth in Section 8.1.
Level V Pricing applies on any day if no other Pricing Level applies on such day.
Catalog Pricing and Pricing Requirements
Spread pricing means the model of prescription drug pricing in which the pharmacy benefits
Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.
Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.