Pricing Table. APPLICABLE APPLICABLE APPLICABLE APPLICABLE APPLICABLE LEVEL PRICING RATIO REVOLVER REVOLVER COMMITMENT EURODOLLAR BASE RATE EURODOLLAR BASE RATE RATE TERM LOAN TERM MARGIN MARGIN MARGIN (PER ANNUM) MARGIN (PER ANNUM) (PER ANNUM) (PER ANNUM) (PER ANNUM) ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 1 Less than 2.50x 1.75% 0.50% 0.375% 3.25% 2.00% ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 2 Greater than or equal 2.00% 0.75% 0.375% 3.25% 2.00% to 2.50:1 but less than 3.00:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 3 Greater than or equal 2.25% 1.00% 0.375% 3.50% 2.25% to 3.00:1 but less than 3.50:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 4 Greater than or equal 2.50% 1.25% 0.500% 3.50% 2.25% to 3.50:1 but less than 4.00:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 5 Greater than or equal 2.75% 1.50% 0.500% 3.50% 2.25% to 4.00:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the applicable margin shall be the margin set forth above with respect to the Pricing Ratio, determined for the period ending on the fiscal quarter-end immediately preceding the applicable Rate Adjustment Period. Notwithstanding the foregoing, (a) if the Borrowers fail to deliver any Compliance Certificate in accordance with ss.7.4(c) hereof, then, for the period commencing on the next Adjustment Date to occur subsequent to such failure through the date immediately following the date on which such Compliance Certificate is delivered, the applicable margin shall be the highest rate set forth above, subject to adjustment prospectively upon actual receipt of such Compliance Certificate, and (b) the pricing during the period from the Closing Date until receipt of the Compliance Certificate for the fiscal year ended December 31, 2000 shall be Leve▇ ▇ ▇▇ the Pricing Table. PRIOR CREDIT AGREEMENT. See Preamble. RATE ADJUSTMENT PERIOD. See the definition of Pricing Table. RCRA. See definition of Release.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Nationsrent Inc)
Pricing Table. APPLICABLE APPLICABLE APPLICABLE APPLICABLE APPLICABLE LEVEL PRICING RATIO REVOLVER REVOLVER COMMITMENT EURODOLLAR BASE RATE L/C MARGIN COMMITMENT RATE EURODOLLAR BASE RATE RATE EURODOLLAR MARGIN (PER ANNUM) (PER ANNUM) TERM LOAN TERM MARGIN MARGIN MARGIN (PER ANNUM) MARGIN (PER ANNUM) (PER ANNUM) (PER ANNUM) (PER ANNUM) ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- --------- ------------------------- ------------- ------------- ------------- ---------------- ------------- 1 Less than 2.50x 1.752.50:1 1.50% 0.500.00% 1.50% 0.375% 3.253.00% 2.00% ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- --------- ------------------------- ------------- ------------- ------------- ---------------- ------------- 2 Greater than or equal 2.001.75% 0.750.00% 1.75% 0.375% 3.25% 2.003.00% to 2.50:1 but less than 3.00:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- --------- ------------------------- ------------- ------------- ------------- ---------------- ------------- 3 Greater than or equal 2.252.00% 1.000.00% 2.00% 0.375% 3.50% 2.253.00% to 3.00:1 but less than 3.50:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- --------- ------------------------- ------------- ------------- ------------- ---------------- ------------- 4 Greater than or equal 2.25% 0.00% 2.25% 0.500% 3.00% to 3.50:1 but less than 4.25:1 --------- ------------------------- ------------- ------------- ------------- ---------------- ------------- 5 Greater than or equal 2.50% 1.250.00% 2.50% 0.500% 3.50% 2.253.00% to 3.50:1 but less than 4.00:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 5 Greater than or equal 2.75% 1.50% 0.500% 3.50% 2.25% to 4.00:1 ---------- ------------------------ --------------- ------------ -------------- -------------- -------------- 4.25:1 --------- ------------------------- ------------- ------------- ------------- ---------------- ------------- For each period commencing on an Adjustment Date through the date immediately preceding the next Adjustment Date (each a "Rate Adjustment Period"), the applicable margin shall be the margin set forth above with respect to the Pricing Ratio, determined for the period ending on the fiscal quarter-end immediately preceding the applicable Rate Adjustment Period. Notwithstanding the foregoing, (a) if the Borrowers fail to deliver any Compliance Certificate in accordance with ss.7.4(c) hereof, then, for the period commencing on the next Adjustment Date to occur subsequent to such failure through the date immediately following the date on which such Compliance Certificate is delivered, the applicable margin shall be the highest rate set forth above, subject to adjustment prospectively upon actual receipt of such Compliance Certificate, and (b) the pricing during the period from the Closing Date until receipt of through the Compliance Certificate for the fiscal year ended December 31, 2000 first Adjustment Date shall be Leve▇ ▇ ▇▇ the Pricing Table. PRIOR CREDIT AGREEMENT. See Preamble. RATE ADJUSTMENT PERIOD. See the definition of Pricing Table. RCRA. See definition of Release. RECEIVABLES. See the definition of Permitted Receivables Transaction.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Nationsrent Inc)