Pricing Table. With respect to Domestic Loans, Canadian Loans, U.K. Loans, PR Loans, Bankers' Acceptances, Letters of Credit, Letter of Credit Fees, Domestic Commitments, Canadian Commitments, U.K. Commitments and PR Commitments, on each day the Applicable Acceptance Fee Rate, Applicable Facility Fee Rate, and Applicable Margin shall be as set forth in the table below (expressed in basis points per annum) based on the Senior Public Debt Ratings in effect on such day and shall correspond to the highest level... in such table at which the Senior Public Debt Ratings threshold shall be satisfied. If at any time there is a split among ratings of S&P, Fitch and Moody's such that all three ratings fall in different Levels in the table below, the Applicable Acceptance Fee Rate, Applicable Facility Fee Rate, and Applicable Margin shall be determined by the rating that is neither the highest nor the lowest of the three ratings, and, if at any time there is a split among ratings of S&P, Fitch and Moody's such that two of such ratings are in one Level in the table below (the "Majority Level") and the third rating is in a different Level, the Applicable Acceptance Fee Rate, Applicable Facility Fee Rate, and Applicable Margin shall be determined by the rating at the Majority Level. In the event that a Senior Public Debt Rating is not available from any one of S&P, Moody's or Fitch, the Applicable Acceptance Fee Rate, Applicable Facility Fee Rate, and Applicable Margin shall be as set forth in the table below (expressed in basis points per annum) based on the Senior Public Debt Ratings of S&P, Moody's and Fitch that are available and in effect on such day and shall correspond to the highest level in such table at which the Senior Public Debt Ratings threshold shall be satisfied; provided that (i) in the event of a one step split rating by S&P, Moody's and Fitch, as the case may be, the higher step rating shall apply and (ii) in the event of a two or more step split rating by S&P, Moody's and Fitch, as the case may be, the step rating that is one step above the lower rating shall apply. In the event that a Senior Public Debt Rating is not available from Fitch and one of S&P or Moody's, the Applicable Acceptance Fee Rate, Applicable Facility Fee Rate, and Applicable Margin shall be as set forth in the table below (expressed in basis points per annum) based on the Senior Public Debt Ratings available from S&P or Moody's, as the case may be, in effect on such day and shall correspond to the highest level in such table at which the Senior Public Debt Ratings threshold shall be satisfied. In the event that neither S&P nor Moody's has a Senior Public Debt Rating available, the Applicable Acceptance Fee Rate, the Applicable Facility Fee Rate, and the Applicable Margin shall be as set forth in Level VI in the table below. Adjustments to the Applicable Acceptance Fee Rate, the Applicable Facility Fee Rate, and the Applicable Margin shall be made on, and shall be effective as of, the day of any adjustment in the Senior Public Debt Rating.View More
