Sustainability Metric Pricing Grid has the meaning assigned to such term in the definition of “Applicable Rate”.
Sustainability Metric Pricing Grid means, (x) at any time prior to the Investment Grade Pricing Effective Date, the Leverage-Based Sustainability Metric Pricing Grid (as defined in the definition of Leverage-Based Applicable Rate) in effect at such time and (y) at any time on and after the Investment Grade Pricing Effective Date, the Ratings-Based Sustainability Metric Pricing Grid (as defined in the definition of Ratings-Based Applicable Rate) in effect at such time.
Sustainability Metric Pricing Grid has the meaning specified in the definition of “Applicable Rate.” “Sustainability Metric Report” means an annual report by the Parent Guarantor or the Borrower (it being understood that such annual report for any year may take the form of the annual ESG Report) that sets forth the Sustainability Metric Components for a specific calendar year and with respect to which a verification review of the Scope 1 and Scope 2 emissions reported therein for such calendar year has been conducted by the Sustainability Assurance Provider; provided that, to the extent relevant to such Sustainability Metric Components, the qualified or limited statement of assurance from the Sustainability Assurance Provider that is set forth in, or attached to, such report shall be the same as or substantially similar in all material respects to the statement of the Sustainability Assurance Provider set forth on page 54 of the ESG Report for the calendar year ended December 31, 2020, except for any changes that (x) are with respect to any additional or increased level of assurance or any expanded scope of review, (y) are with respect to accounting standards or methodology, so long as, in the case of this subclause (y), such changes are consistent with the requirements of clause (b) of the definition of “Sustainability Assurance Provider” (without regard to whether such Sustainability Assurance Provider is a replacement Sustainability Assurance Provider) or (z) are proposed by the Borrower and notified in writing to the Administrative Agent and the Lenders, so long as, in the case of this subclause (z), Lenders constituting Required Lenders do not object to such changes within five (5) Business Days after notice thereof (setting forth in reasonable detail the basis for such objection). “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the forego...
Examples of Sustainability Metric Pricing Grid in a sentence
The Borrower hereby elects that the Applicable Margin be based on the Sustainability Metric Pricing Grid, to be effective commencing on the date that is five (5) Business Days following the date this Sustainability Metric Annual Certificate has been delivered to the Administrative Agent.
The Borrower hereby elects that the Applicable Rate be based on the Sustainability Metric Pricing Grid, to be effective commencing on the date that is five (5) Business Days following the date this Sustainability Metric Annual Certificate has been delivered to the Administrative Agent.
More Definitions of Sustainability Metric Pricing Grid
Sustainability Metric Pricing Grid has the meaning specified in the definition of “Applicable Rate.” “Sustainability Metric Report” means an annual report by the Parent Guarantor or the Borrower (it being understood that such annual report for any Specified Test Year may take the form of the annual ESG Report) that sets forth the Sustainability Metric Components for a specific calendar year and with respect to which a verification review of the Scope 1 and Scope 2 emissions reported therein for such -5.00%