Pricing Tier definition

Pricing Tier means the Customer’s applicable pricing tier, determined based on the number and amount of Application Obligations at the time of determination, as set forth in the schedule included as part of the Order Form.

Pricing Tier means the pricing band applicable to Customer specified in the Product Order, subject to adjustment in accordance with Paragraph 2.4.

Pricing Tier means, if applicable, Customer’s pricing tier for each Product as of the date of determination.

Examples of Pricing Tier in a sentence

• If Customer exceeds the upper threshold of the purchased Pricing Tier, overage billing will apply (Overage Billing).

• Pricing is based on the amount of NetFlow ingested on a daily basis (Pricing Tier).

• Overage Billing is calculated on a monthly basis for any measured usage level greater than 5% over the upper threshold of the purchased Pricing Tier as measured in monthly average NetFlows.

• Any adjustment in the margins set forth above shall take effect on the first Pricing Tier Determination Date following the Last Four Fiscal Quarters as to which such ratio was calculated.

• For purposes of such calculation, for the entire period from the effective date of each reduction or termination to the first anniversary of the date of this Agreement the Borrowers shall be deemed to be in whatever Pricing Tier they were in at the effective date of the reduction or termination.

More Definitions of Pricing Tier

Pricing Tier has the meaning specified in the definition of "Applicable Margin."

Pricing Tier has the meaning specified in the definition of “Applicable Margin.”

Pricing Tier shall have the meaning set forth in Appendix 3.

Pricing Tier means any of the pricing tiers specified in Schedule 5.

Pricing Tier means the agreed pricing tiers for the calculation of LIBOR Margin and Undrawn Commitment Fees which are based on the EBITDA/Interest Coverage Ratio applicable to the Borrowers for the preceding fiscal quarter, with such pricing tier to be applicable from the first day of the calendar month following the public release of the Borrowers’ financial reports for the immediately preceding fiscal quarter through the last day of the calendar month during which the Borrowers shall publicly release their financial reports for the immediately succeeding fiscal quarter, as follows: Pricing Tier EBITDA/Interest Coverage Ratio | Tier I > = 3.50 Tier II > = 3.00, but < 3.50 Tier III > = 2.25, but < 3.00 Tier IV > = 1.25, but < 2.25 Tier V > = 1.00, but< 1.25 By way of example and not limitation, (a) if the Borrowers publicly release their financial reports for the fiscal quarter ended March 31 on April 25 and publicly release their financial reports for the fiscal quarter ended June 30 on August 5, then from May 1 until August 31 the Pricing Tier in effect shall be the Pricing Tier determined in accordance with the financial reports released on April 25, and (b) if the EBITDA/Interest Coverage Ratio for the fiscal quarter ended March 31 is greater than or equal to 3.00 but less than 3.50, then during the period specified in (a) above the Borrowers would be in Pricing Tier II. If for any reason the Borrowers fail to provide the financial statements necessary to calculate the EBITDA/Interest Coverage Ratio within thirty (30) days after written notice from the Administrative Agent, the Default Rate shall apply retroactively from the date when such necessary financial statements originally were due (without reference to such written notice from the Administrative Agent or such thirty-day period) until such necessary financial statements are provided by Borrowers.

Pricing Tier means the agreed pricing tiers for the calculation of LIBOR Margin and Undrawn Commitment Fees which are based on the Funded Debt Ratio applicable to the Borrowers for the preceding calendar quarter, with such pricing tier to be applicable throughout the immediately succeeding calendar quarter, as follows:

Pricing Tier means the agreed pricing tiers for the calculation of LIBOR Margin and Undrawn Commitment Fees which are based on the Funded Debt Ratio applicable to the Borrowers for the preceding calendar quarter, with such pricing tier to be applicable throughout the immediately succeeding calendar quarter, as follows: Credit Agreement