Neiman Marcus 2003 Annual Report Download - page 263

PRICING SCHEDULE
Each of "Facility Fee Rate", "Euro-Dollar Margin" and "Base Rate Margin" means, for any day, the rate (in basis points per
annum) set forth below in the row and column corresponding to the Status and Utilization that apply on such day:
Level I Level II Level III Level IV Level V Level VI
Facility Fee Rate 10 12.5 15 20 25 37.5
Euro-Dollar Margin
Utilization <33% 40 50 60 80 100 137.5
Utilization > 33% 52.5 62.5 72.5 92.5 112.5 150
Base Rate Margin
Utilization <33% 0.00 0.00 0.00 0.00 0.00 37.5
Utilization >33% 0.00 0.00 0.00 0.00 12.5 50
For purposes of this Schedule, the following terms have the following meanings:
"Level I Status" exists at any date if, at such date, the higher of the two Ratings meets the following level:
A- or higher by S&P or A3 or higher by Moodys.
"Level II Status" exists at any date if, at such date, (i) Level I Status does not exist and (ii) the higher of the two Ratings meets
the following level:
BBB+ by S&P or Baa1 by Moodys.
"Level III Status" exists at any date if, at such date, (i) neither Level I Status nor Level II Status exists and (ii) the higher of the
two Ratings meets the following level:
BBB by S&P or Baa2 by Moodys.
"Level IV Status" exists at any date if, at such date, (i) none of Level I Status, Level II Status and Level III Status exists and
(ii) the higher of the two Ratings meets the following level:
BBB- by S&P or Baa3 by Moodys.
"Level V Status" exists at any date if, at such date, (i) none of Level I Status, Level II Status, Level III Status and Level IV
Status exists and (ii) the higher of the two Ratings meets the following level:
BB+ by S&P or Ba1 by Moodys.
"Level VI Status" exists at any date if, at such date, no other Status exists.