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.
View Source
Pricing Occurrence has the meaning set forth in Section 3.15(a).
View Source
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.
View Source

More Definitions of Pricing Occurrence

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).
View Source
Pricing Occurrence means the date of a change in the Senior Debt Rating which results in a change in the Applicable Pricing Level.
View Source
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.
View Source
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.
View Source
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.
View Source

Related to Pricing Occurrence

  • Pricing Date means, for any Fiscal Quarter of the Borrower ending on or after March 31, 2012, the date on which the Administrative Agent is in receipt of the Borrower's most recent financial statements (and, in the case of the year‑end financial statements, audit report) for the Fiscal Quarter then ended, pursuant to Section 8.5 hereof. The Applicable Margin shall be established based on the Total Indebtedness to Total Asset Value 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 the Borrower has not delivered its financial statements by the date such financial statements (and, in the case of the year‑end financial statements, audit report) are required to be delivered under Section 8.5 hereof, until such financial statements and audit report are delivered, the Applicable Margin shall be the highest Applicable Margin (i.e., Level IV shall apply). If the Borrower subsequently delivers such financial statements before the next Pricing Date, the Applicable Margin established by such late delivered financial statements shall take effect from the date of delivery until the next Pricing Date. In all other circumstances, the Applicable Margin established by such financial statements shall be in effect from the Pricing Date that occurs immediately after the end of the Fiscal Quarter covered by such financial statements 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 may be determined and/or adjusted from time to time based upon certain financial ratios and/or other information to be provided or certified to the Administrative Agent, the Lenders and the L/C Issuer by the Borrower (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, the Lenders and the L/C Issuer, 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 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 Revolving Credit Commitments and Revolving 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, L/C Issuer's or any Lender's other rights under this Agreement.

  • 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; and

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

  • Write-down Date means, with respect to any Contingent Write-down, the Trigger Event Write-down Date or Viability Event Write-down Date, as applicable.