Pricing Increment definition

Pricing Increment means (i) from the date hereof until December 31, 2000, (A) .75% per annum for Base Rate Advances or Prime Rate Advances and (B) 2.50% per annum for LIBOR Rate Advances or Letters of Credit and (ii) thereafter, a percentage per annum determined by reference to the Leverage Ratio as set forth below: Leverage Ratio Base or LIBOR Rate Advances -------------- Prime Rate Advances or Letters of Credit ------------------- -------------------- less than 2.00:1.00 0% 1.50% greater than or equal to 2.00:1.00 .50% 2.00% but less than 3.00:1.00 greater than or equal to 3.00:1.00 .75% 2.50% Commencing as of December 31, 2000, the Pricing Increment shall be determined as of December 31, 2000 and each June 30 and December 31 thereafter based on the most recent Financial Statements delivered by the Administrative Borrower under Section 7.1(k)(iii) determined for the twelve-month period ending on such June 30 or December 31, provided that (i) each change in the Pricing Increment shall be effective three Business Days after the date on which the Agent receives the relevant Financial Statements and a duly executed Compliance Certificate demonstrating such ratio (including during any Interest Period), (ii) upon written notice from the Agent, the Pricing Increment shall be determined on the basis of a Leverage Ratio greater than 3.00:1.00 for so long as the Agent has not received the information described in clause (i) of this proviso under Section 7.1(k)(iii) with respect to any month ending June 30 or December 31 (without prejudice to the Agent's right to charge interest as provided in Section 4.2) and (iii) the Pricing Increment shall not be reduced more than .25% with respect to Base Rate Advances and Prime Rate Advances or .50% with respect to LIBOR Rate Advances, in each case with respect to any such six-month period.
Pricing Increment means (i) 0.50% PER ANNUM for Base Rate Advances and (ii) 2.50% PER ANNUM for LIBOR Rate Advances.
Pricing Increment means (i) from the date hereof until the Lender's receipt of the Financial Statements for the month ended January 31, 2003 in accordance with Section 7.1(k)(iii), (A) 0.75% per annum for Base Rate Advances and (B) 3.00% per annum for LIBOR Rate Advances and (ii) thereafter, a percentage per annum determined by reference to the Fixed Charge Coverage Ratio and Average Excess Availability as set forth below: Fixed Charge Tier Coverage Ratio Base Rate Advances LIBOR Rate Advances -------------- ------------------ ------------------- I less than 1.10 1.25% 3.50% II greater than or equal to 1.10 1.00% 3.25% but less than 1.75 III greater than or equal to 1.75 0.75% 3.00% but less than 2.50 IV greater than or equal to 2.50 0.50% 2.75% but less than 3.00 V greater than or equal to 3.00 0.25% 2.50% The Pricing Increment shall be determined semi-annually based on the most recent Financial Statements delivered by the Administrative Borrower under Section 7.1(k)(i) or (iii) determined for the twelve-month period ending on the applicable July 31 or January 31, as the case may be, provided that (i) the Pricing Increment shall not change from (A) Tier I to Tier II unless Average Excess Availability was greater than or equal to $1,000,000 during the three full calendar months immediately preceding the month in which the applicable audited Financial Statements were delivered, (B) Tier II to Tier III unless Average Excess Availability was greater than or equal to $2,000,000 during the three full calendar months immediately preceding the month in which the applicable audited Financial Statements were delivered or (C) Tier III to Tier IV or Tier IV to Tier V unless Average Excess Availability was greater than or equal to $2,500,000 during the three full calendar months immediately preceding the month in which the applicable audited Financial Statements were delivered, (ii) each change in the Pricing Increment shall be effective three Business Days after the date on which the Lender receives the relevant Financial Statements and a duly executed Compliance Certificate demonstrating such ratio (including during any Interest Period), (iii) the Pricing Increment shall be determined on the basis of a Fixed Charge Coverage Ratio of less than 1.10 to 1.00 for so long as the Lender has not received the information described in clause (ii) of this proviso as and when required under Section 7.1(k)(i) or (iii), as the case may be, (without prejudice to the Lender's right to charge intere...

Examples of Pricing Increment in a sentence

  • In this example, the Relevant Pricing Increment is assumed to be one-eighth of one percentage point.

  • The Administrators will then calculate the Initial Market Midpoint by finding the mean of all the Initial Market Bids and Initial Market Offers that form Non-Tradeable Markets included in the Best Half (with the results rounded to the nearest fraction of a percentage point that is the Relevant Pricing Increment, provided that where such results fall equidistant between two Relevant Pricing Increments, such results will be rounded up).

  • The Administrators will then calculate the Initial Market Midpoint by finding the mean of all the Initial Market Bids and Initial Market Offers that form Non-Tradeable Markets included in the Best Half (with the results rounded to the nearest fraction of a percentage point that is the Relevant Pricing Increment).

  • If such Advance is a LIBOR Rate Advance, at a rate which is equal at all times during the Interest Period for such LIBOR Rate Advance to (i) the LIBOR Rate plus (ii) the Pricing Increment.

  • If such Advance is a Base Rate Advance, at a fluctuating rate which is equal to (i) the Base Rate then in effect plus (ii) the Pricing Increment, each change in such fluctuating rate to take effect simultaneously with the corresponding change in the Base Rate.

  • In this manner, we obtained the manageable number of 69 namespaces; see Table II.4 In the rest of the paper, we signify grouping by “*” as in System.Web.*.

  • Ms. Middenway stated that the District is on schedule to have the meetings as calendared.

  • This was treated as an additional broad and weak Gaussian component ‘X’ by Carniani et al.

  • The Administrators will then calculate the Initial Market Midpoint by finding the mean of all the Initial Market Bids and Initial Market Offers that form Non-Tradeable Markets included in the Best Half (with the results rounded to the nearest fraction of a percentage point that is the Relevant Pricing Increment, provided that where such results fa l equidistant between two Relevant Pricing Increments, such results will be rounded up).

  • This Agreement may be executed in any number of counterparts, including facsimile, each of which will be deemed an original, but all of which taken together shall constitute one single agreement among the Participating Organizations.* * * * * EXHIBIT A COVERED REGULATION NMS RULES SEA Rule 606 – Disclosure of Order Routing Information.* SEA Rule 607 – Customer Account Statements.SEA Rule 611 – Order Protection Rule.SEA Rule 612 – Minimum Pricing Increment.


More Definitions of Pricing Increment

Pricing Increment means (i) 0.50% PER ANNUM for Base Rate Advances comprising all or a part of the Revolving Credit Loans and 0.75% PER ANNUM for Base Rate Advances comprising all or a part of the Term Loan and (ii) 2.50% PER ANNUM for LIBOR Rate Advances comprising all or a part of the Revolving Credit Loans and 2.75% PER ANNUM for LIBOR Rate Advances comprising all or a part of the Term Loan.
Pricing Increment in Section 1.1 is amended by replacing "January 31, 2003" with "August 3, 2003".

Related to Pricing Increment

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Tax Increment means the difference between:

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • Increment means the amount per annum provided as a rate of increase in the applicable salary payable to any eligible employee, which unless the context of the relevant approved pay range otherwise clearly indicates, may be granted annually on the applicable anniversary dates.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental value means a figure derived by multiplying the marginal value of the property located within a project area on which tax increment is collected by a number that represents the adjusted tax increment from that project area that is paid to the agency.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).