Pricing Occurrence definition

Pricing Occurrence means with respect to any change in the Debt Rating which results in a change in the Applicable Pricing Level, the date which is five (5) Banking Days after the Administrative Agent has received evidence reasonably satisfactory to it of such change.
Sample 1Sample 2Sample 3
Pricing Occurrence has the meaning set forth in Section 3.15(a).
Sample 1Sample 2Sample 3
Pricing Occurrence means with respect to any change in the Debt Rating which results in a change in the Applicable Pricing Level, the date which is five(5) Banking Days after the Administrative Agent has received evidence reasonably satisfactory to it of such change.
Sample 1Sample 2

More Definitions of Pricing Occurrence

Pricing Occurrence means with respect to any change in the ratio of Funded Debt plus six times Rental Expense to EBITDAR which results in a change in the Applicable Pricing Level, the date which is fifty (50) days after the end of each of the first three Fiscal Quarters in each Fiscal Year (beginning with the Fiscal Quarter ending June 28, 2003) and one hundred (100) days after the end of each Fiscal Year (for each Fiscal Year ending after June 28, 2003) so long as the Administrative Agent has received a Compliance Certificate pursuant to Section 7.2 and the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) reflecting evidence of such change; provided that if Borrower fails to deliver a Compliance Certificate pursuant to Section 7.2 or the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) prior to the date which is fifty (50) days after the end of each of the first three Fiscal Quarters in each Fiscal Year (beginning with the Compliance Certificate and financial statements for the Fiscal Quarter ending June 28, 2003) or one hundred (100) days after the end of each Fiscal Year (for each Fiscal Year ending after June 28, 2003), then the Applicable Pricing Level shall be “I” until the earlier of (i) five (5) Banking Days after such Compliance Certificate and financial statements have been is delivered and (ii) the date the Default Rate is effective and at such time and thereafter the Applicable Pricing Level shall be adjusted as contemplated herein.
Sample 1
Pricing Occurrence means the date of a change in the Senior Debt Rating which results in a change in the Applicable Pricing Level.
Sample 1
Pricing Occurrence means (a) with respect to any change in the Total Debt Ratio which results in a change in the Pricing Level or results in an Incremental Margin, the EARLIER of (i) the date upon which Guarantor delivers (or causes to be delivered) the compliance certificate to Trustee and Administrative Agent reflecting such changed Total Debt Ratio described in SECTION 13.2(a)(xiv) and (ii) the date upon which Guarantor is required by SECTION 13.2(a)(xiv) to deliver such compliance certificate and (b) with respect to any change in the Debt Rating which results in a change in the Pricing Level, the date which is five (5) Business Days after Trustee and Administrative Agent have received evidence reasonably satisfactory to them of such change.
Sample 1
Pricing Occurrence means with respect to any change in the ratio of Funded Debt plus six times Rental Expense to EBITDAR as calculated pursuant to Section 6.13 which results in a change in the Applicable Pricing Level, the date which is five (5) days after the due date for the financial statements described in Section 7.1(a) for first three Fiscal Quarters in each Fiscal Year (beginning with the Fiscal Quarter ending October 2, 2004) (each a “Quarterly Pricing Adjustment Date”) and the date which is five (5) days after the due date for the financial statements described in Section 7.1(b) for each Fiscal Year (for each Fiscal Year ending after October 2, 2004) (each an “Annual Pricing Adjustment Date”) so long as the Administrative Agent has received a Compliance Certificate pursuant to Section 7.2 and the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) reflecting evidence of such change; provided that if Borrower fails to deliver a Compliance Certificate pursuant to Section 7.2 or the accompanying financial statements under Section 7.1(a) or 7.1(b) (as applicable) prior to the applicable Quarterly Pricing Adjustment Date or Annual Pricing Adjustment Date (as applicable), then the Applicable Pricing Level shall be “I” until the earlier of (i) five (5) Banking Days after such Compliance Certificate and financial statements have been delivered and (ii) the date the Default Rate is effective and at such time and thereafter the Applicable Pricing Level shall be adjusted as contemplated herein.
Sample 1
Pricing Occurrence with respect to any change in the ratio of ------------------ Total Debt to Total Capitalization which results in a change in the Applicable Pricing Level, five Business Days following the date upon which the Borrower delivers a compliance certificate evidencing such change as required by Section 5.3(a).
Sample 1

Related to Pricing Occurrence

  • Pricing Date means, for any Fiscal Quarter of the Borrower ending on or after July 31, 2018, the date on which the Administrative Agent is in receipt of the Borrower’s most recent Compliance Certificate and financial statements (and, in the case of the year‑end financial statements, audit report) (the “Borrower Information”) for the Fiscal Quarter then ended, pursuant to Section 8.5 hereof. The Applicable Margin shall be established based on the Consolidated Leverage Ratio for the most recently completed Fiscal Quarter and the Applicable Margin established on a Pricing Date shall remain in effect until the next Pricing Date. If (a) an Event of Default exists or (b) the Borrower has not delivered the Borrower Information by the date the same is required to be delivered under Section 8.5 hereof, then, at the request of the Required Lenders, until such Event of Default no longer exists or such Borrower Information is delivered, the Applicable Margin shall be the highest Applicable Margin (i.e., Level IV shall apply); provided, the Administrative Agent will provide notice to Borrower when such highest Applicable Margin goes into effect. If the Borrower subsequently delivers such Borrower Information before the next Pricing Date, the Applicable Margin established by such late delivered Borrower Information shall take effect from the date of delivery until the next Pricing Date. In all other circumstances, the Applicable Margin established by such Borrower Information shall be in effect from the Pricing Date that occurs immediately after the end of the Fiscal Quarter covered by such Borrower Information until the next Pricing Date. Each determination of the Applicable Margin made by the Administrative Agent in accordance with the foregoing shall be conclusive and binding on the Borrower and the Lenders if reasonably determined. The parties understand that the Applicable Margin set forth herein shall be determined and may be adjusted from time to time based upon the Borrower Information. If it is subsequently determined that any such Borrower Information was incorrect (for whatever reason, including, without limitation, because of a subsequent restatement of earnings by the Borrower) at the time it was delivered to the Administrative Agent and the Lenders, and if the applicable interest rate or fees calculated for any period were lower than they should have been had the correct information been timely provided, then such Applicable Margin for such period shall be automatically recalculated using the correct Borrower Information. The Administrative Agent shall promptly notify the Borrower in writing of any additional interest and fees due because of such recalculation, and the Borrower shall pay within five (5) Business Days of receipt of such written notice such additional interest or fees due to the Administrative Agent, for the account of each Lender holding Commitments and Loans at the time the additional interest and fee payment is received. Any recalculation of the Applicable Margin required by this provision shall survive the termination of this Agreement, and this provision shall not in any way limit any of the Administrative Agent’s or any Lender’s other rights under this Agreement. If it is subsequently determined that any such Borrower Information was incorrect (for whatever reason, including, without limitation, because of a subsequent restatement of earnings by the Borrower) at the time it was delivered to the Administrative Agent and the Lenders, and if the applicable interest rate or fees calculated for any period were higher than they should have been had the correct information been timely provided, then neither the Administrative Agent nor any Lender shall be required to refund or return any portion of such interest or fee.

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • Write-down Date means the date on which the Write-Down will become effective, as specified in the relevant Write-Down Notice. The Write-Down Date shall be determined by the Issuer in consultation with the FSA and any other supervisory authorities and shall be no less than one and no more than ten Business Days following the occurrence of the Non-Viability Event.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Date of occurrence in these Regulations means the date of contract signing, date of payment, dates of boards of directors resolutions, or other date that can confirm the counterparty and monetary amount of the transaction, whichever date is earlier.

  • Amortization Event has the meaning specified in Article IX.

  • Pricing Rate Period means, with respect to any Transaction and any Remittance Date (a) in the case of the first Pricing Rate Period, the period commencing on and including the Purchase Date for such Transaction and ending on and excluding the following Remittance Date, and (b) in the case of any subsequent Pricing Rate Period, the period commencing on and including the immediately preceding Remittance Date and ending on and excluding such Remittance Date; provided, however, that in no event shall any Pricing Rate Period for a Purchased Asset end subsequent to the Repurchase Date for such Purchased Asset.

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Step-Down Date The later to occur of:

  • Interest Rate Change Date The date on which the Mortgage Interest Rate is subject to change as provided in the related Mortgage Note.

  • Reference Interest Rate Transition Event means the occurrence of one or more of the following events with respect to the then-current Reference Interest Rate:

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Book-Down Event means an event that triggers a negative adjustment to the Capital Accounts of the Partners pursuant to Section 5.5(d).

  • Additional Default means any provision contained in any document or instrument creating or evidencing Indebtedness of the Borrower or any of its Subsidiaries which permits the holder or holders of such Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the Borrower or any of its Subsidiaries to purchase such Indebtedness prior to the stated maturity thereof and which either (i) is similar to any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement, but contains one or more percentages, amounts or formulas that is more restrictive or has a xxxxxxx xxxxx period than those set forth herein or is more beneficial to the holder or holders of such other Indebtedness (and such provision shall be deemed an Additional Default only to the extent that it is more restrictive or more beneficial) or (ii) is different from the subject matter of any Default or Event of Default contained in Article VIII of this Agreement, or related definitions in Section 1.1 of this Agreement.

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Potential Amortization Event means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute an Amortization Event.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Event Period shall have the meaning assigned to such term in Section 7.2 hereof.

  • Pricing Rate Determination Date means with respect to any Pricing Rate Period with respect to any Transaction, the second (2nd) Business Day preceding the first day of such Pricing Rate Period.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).