Common use of PRICING CHANGES BASED ON FINANCIAL STATEMENTS Clause in Contracts

PRICING CHANGES BASED ON FINANCIAL STATEMENTS. Beginning with the fiscal quarter of the Borrower ended on or nearest to June 30, 1998, and continuing with each fiscal quarter thereafter, the Administrative Agent will determine the Applicable Facility Fee Rate in accordance with the Pricing Grid Table, based on the Borrower's ratio of (x)Total Indebtedness as of the end of its fiscal quarter, to (y) EBITDA for the Testing Period then ended, as referred to in section 9.7 and identified in such Table. Changes in the Applicable Facility Fee Rate based upon changes in such ratio shall become effective on the first day of the month following the receipt by the Administrative Agent pursuant to section 8.1(a) or (b) of the financial statements of the Borrower, accompanied by the certificate and calculations referred to in section 8.1(c), demonstrating the computation of such ratio, based upon the ratio in effect at the end of the applicable period covered (in whole or in part) by such financial statements.

PRICING CHANGES BASED ON FINANCIAL STATEMENTS. Beginning with the fiscal quarter of the Borrower ended on or nearest to June 30, 1998, and continuing with each fiscal quarter thereafter, the Administrative Agent will determine the Applicable Facility Fee Rate Eurocurrency Margin for any Loan in accordance with the Pricing Grid Table, based on the Borrower's ratio of (x)Total x) Total Indebtedness as of the end of its fiscal quarter, to (y) EBITDA for the Testing Period then ended, as referred to in section 9.7 and identified in such Table. Changes in the Applicable Facility Fee Rate Eurocurrency Margin based upon changes in such ratio shall become effective on the first day of the month following the receipt by the Administrative Agent pursuant to section 8.1(a) or (b) of the financial statements of the Borrower, accompanied by the certificate and calculations referred to in section 8.1(c), demonstrating the computation of such ratio, based upon the ratio in effect at the end of the applicable period covered (in whole or in part) by such financial statements.