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 any time when the Leverage Ratio less than or equal to 1.00:1.00.
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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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Examples of Pricing Level VII in a sentence

  • The following definition in the Definitions section of the Loan Agreement is amended and restated: 1.74 "Pricing Level" means, for any Pricing Period, Pricing Level I, Pricing Level II, Pricing Level III, Pricing Level IV, Pricing Level V, Pricing Level VI or Pricing Level VII, as may be in effect for such Pricing Period; provided that, the Default Rate shall be in effect upon the -------- occurrence and during the continuation of any Event of Default.

  • Pricing Level" means, for any Pricing Period, Pricing Level I, Pricing Level II, Pricing Level III, Pricing Level IV, Pricing Level V, Pricing Level VI, or Pricing Level VII, asmay be in effect for such Pricing Period; provided that, the Default Rate shall be in effect upon the occurrence and during the continuation of any Event of Default.

  • If the Borrower does not have a Debt Rating from either S&P or Moody’s, then Pricing Level VII shall apply.

  • A+/A10.75%0.00%.075%IIIA/A20.875%0.00%0.10%IVA-/A31.00%0.00%0.125%VBBB+/Baa11.125%0.125%0.175%VIBBB/Baa21.25%0.25%0.20%VII* BBB-/Baa31.50% *If the Debt Rating by only one of S&P or Moody’s is below BBB- or Baa3, respectively, Pricing Level VII shall apply.

  • 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.


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 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 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. Schedule 1.1 COMMITMENTS Revolving Credit Lenders Revolving Credit Commitment Percent 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 % Term Lenders Term Commitment Percent XXXXXX XXXXXXX SENIOR FUNDING, INC. $ 300,000,000 100.0000 % Total: $ 300,000,000 100.0000 % Schedule 5.4 CONSENTS, AUTHORIZATIONS, FILINGS AND NOTICES None. Schedule 5.15 SUBSIDIARIES
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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 will be applicable for so long as the Senior Unsecured Debt Rating is BB+ or lower by S&P or Ba1 or lower by Moody's.
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