Pricing Level VII definition

Pricing Level VII any time when none of Pricing Level I, II, III, IV, V or VI applies. Notwithstanding each definition of Pricing Level set forth above, if at any time the senior unsecured long term debt ratings of the Borrower by S&P and Moody’s differ by more than one equivalent rating level, then the applicable Pricing Level shall be determined based upon the lower such rating adjusted upwards to the next higher rating level.
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Pricing Level VII means any time when none of Pricing Levels I, II, III, IV, V, and VI is applicable.
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Pricing Level VII any time when the Leverage Ratio less than or equal to 1.00:1.00.
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Examples of Pricing Level VII in a sentence

  • If at any time the Borrower does not have a Rating from at least two of S&P, Moody’s and Fitch, the Applicable Percentages shall be set at Pricing Level VII.

  • Pricing Level I, Pricing Level II, Pricing Level III, Pricing Level IV, Pricing Level V, Pricing Level VI or Pricing Level VII, as the case may be.

  • If the Borrower does not have any Debt Rating, Pricing Level VII shall apply.

  • According to Kirkendall effect 15), in a diffusion couple, atoms with a lower melting point possess a higher diffusion coefficient, showing that the diffusion coefficient of Fe in Al is expected to be lower than the diffusion coefficient of Al in Fe. However, it has been found in several studies that the diffusion of Fe in AlM600and A600were comparable to each other, whichis much higher than that of Al in Fe 13, 14, 30-32).

  • Notwithstanding anything contained in this Amendment or the other Credit Documents to the contrary, at such time as this Amendment becomes effective pursuant to this Paragraph 4, the Applicable Percentage shall be based on Pricing Level VII until the next Calculation Date occurring after the date of this Amendment.


More Definitions of Pricing Level VII

Pricing Level VII shall exist on an Adjustment Date if the Secured Leverage Ratio for the relevant period is greater than 1.50 to 1.00 and shall apply to the Commitment Fee Rate.
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Pricing Level VII the Pricing Level which would be applicable for so long as the Senior Debt Rating is less than or equal to BB+ by S&P or Ba1 by Moodx'x xxx Pricing Levels I, II, III, IV, V and VI are not applicable.
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Pricing Level VII means the Pricing Level that will be in effect for the applicable Pricing Period if, as of the relevant Date of Determination, the Borrowers' Indebtedness as measured on such Date of Determination, to the Borrowers' Cash Flow from Operations as measured on such Date of Determination, is equal to or greater than 4.00 to 1.00.
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Pricing Level VII shall exist on an Adjustment Date if the Secured Leverage Ratio for the relevant period is less than or equal to 1.50 to 1.00 and shall apply to the Commitment Fee Rate. GENERAL ELECTRIC CAPITAL CORPORATION $ 37,500,000 50.0000 % XXXXXX XXXXXXX BANK, N.A. $ 13,687,500 18.2500 % ROYAL BANK OF CANADA $ 11,343,750 15.1250 % ING CAPITAL LLC $ 6,843,750 9.1250 % NATIXIS $ 5,625,000 7.5000 % Total: $ 75,000,000 100.0000 % XXXXXX XXXXXXX SENIOR FUNDING, INC. $ 300,000,000 100.0000 % Total: $ 300,000,000 100.0000 % None.
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Pricing Level VII any time when Applicable Debt is rated BB+ or lower by S&P or Ba1 or lower by Moody's.
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Pricing Level VII means the Pricing Level that will be in effect for the applicable Pricing Period if, as of the relevant Date of Determination, the ratio of the Borrower's Adjusted Funded Debt as measured on such Date of Determination, to the Borrower's EBITDA as measured on such Date of Determination, is equal to or greater than
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Pricing Level VII shall exist on an Adjustment Date if the Consolidated Leverage Ratio on the last day of the fiscal quarter for which financial statements have been delivered pursuant to Section 6.1(a) or (b) is less than 3.00 to 1.00.
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