Common use of Adjustments to Applicable Margin Clause in Contracts

Adjustments to Applicable Margin. From the Closing Date until the financial statements and Officer’s Compliance Certificate for the period ending March 31, 2016 are delivered to the Agent pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), the Applicable Margin for Base Rate Loans shall be 0.25% and the Applicable Margin for LIBOR Loans shall be 2.50%. Thereafter, the Applicable Margin shall be adjusted three Business Days after the delivery of the Officer’s Compliance Certificate delivered pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates); provided, however, at any time that the applicable Borrower shall have not delivered such certificate at the time specified in Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), until such time as such certificate is so delivered to the Agent, the Applicable Margin shall be the maximum amount for the applicable type of Loan set forth above and, provided further, if the applicable Borrower incorrectly reports or calculates the Leverage Ratio, the Agent, in its sole discretion, may change interest retroactively based on the Applicable Margin that should have been in effect for such period that the Leverage Ratio was incorrectly reported or calculated. The foregoing shall not limit any rights of the Lenders to receipt of the Default Rate, if applicable.

Adjustments to Applicable Margin. From the Closing Effective Date until the financial statements and Officer’s Compliance Certificate for the period ending March 31, 2016 2013 are delivered to the Agent pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), the Applicable Margin for Base Rate Loans shall be 0.25% and the Applicable Margin for LIBOR Loans shall be 2.50%. Thereafter, the Applicable Margin shall be adjusted three Business Days after the delivery of the Officer’s Compliance Certificate delivered pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates); , provided, however, at any time that the applicable Borrower shall have not delivered such certificate at the time specified in Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), until such time as such certificate is so delivered to the Agent, the Applicable Margin shall be the maximum amount for the applicable type of Loan set forth above and, provided further, if the applicable Borrower incorrectly reports or calculates the Leverage Ratio, the Agent, in its sole discretion, may change interest retroactively based on the Applicable Margin that should have been in effect for such period that the Leverage Ratio was incorrectly reported or calculated. The foregoing shall not limit any rights of the Lenders to receipt of the Default Rate, if applicable.

Adjustments to Applicable Margin. From the Closing Date until the financial statements and Officer’s Compliance Certificate for the period ending March 31, 2016 2020 are delivered to the Agent pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), the Applicable Margin for Base Rate Loans shall be 0.250.75% and the Applicable Margin for LIBOR Loans and CDOR Rate Loans shall be 2.501.75%. Thereafter, the Applicable Margin shall be adjusted three Business Days after the delivery of the Officer’s Compliance Certificate delivered pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates); provided, however, at any time that the applicable Borrower shall have not delivered such certificate at the time specified in Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), until such time as such certificate is so delivered to the Agent, the Applicable Margin shall be the maximum amount for the applicable type of RC Loan set forth above and, provided further, if the applicable Borrower incorrectly reports or calculates the Leverage Ratio, the Agent, in its sole discretion, may change interest retroactively based on the Applicable Margin that should have been in effect for such period that the Leverage Ratio was incorrectly reported or calculated. The foregoing shall not limit any rights of the Lenders to receipt of the Default Rate, if applicable.

Adjustments to Applicable Margin. From the Closing Date until the financial statements and Officer’s Compliance Certificate for the period ending March 31October 2, 2016 2010 are delivered to the Agent pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), the Applicable Margin for Base Rate Loans shall be 0.250.00% and the Applicable Margin for LIBOR Loans shall be 2.50%determined using the Leverage Ratio on the Officer’s Compliance Certificate delivered on the Closing Date. Thereafter, the Applicable Margin shall be adjusted three Business Days after the delivery of the Officer’s Compliance Certificate delivered pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates); , provided, however, at any time that the applicable Borrower shall have not delivered such certificate at the time specified in Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), until such time as such certificate is so delivered to the Agent, the Applicable Margin shall be the maximum amount for the applicable type of Loan set forth above and, provided further, if the applicable Borrower incorrectly reports or calculates the Leverage Ratio, the Agent, in its sole discretion, may change interest retroactively based on the Applicable Margin that should have been in effect for such period that the Leverage Ratio was incorrectly reported or calculated. The foregoing shall not limit any rights of the Lenders to receipt of the Default Rate, if applicable.

Adjustments to Applicable Margin. From the Closing Date until five (5) Business Days after the financial statements and Officer’s Compliance Certificate for the period ending March 31, 2016 first full fiscal quarter following the Closing Date are delivered to the Administrative Agent pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), the Applicable Margin Margins for RC Loans and Term A Loans shall be two and one-quarter of one percent (2.25%) per annum for Base Rate Loans shall be 0.25% and the Applicable Margin three and one-quarter of one percent (3.25%) per annum for LIBOR Loans shall be 2.50%Loans. Thereafter, the Applicable Margin shall be adjusted three five (5) Business Days after the delivery of the each Officer’s Compliance Certificate most recently delivered pursuant to Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates); provided, however, at any time that the applicable Borrower shall have not delivered such certificate at the time specified in Subsection 6.1.3 (Delivery of Officer’s Compliance Certificates), until such time as such certificate is so delivered to the Administrative Agent, the Applicable Margin shall be the maximum amount for the applicable type of Loan set forth above andabove; provided, provided further, if the applicable Borrower incorrectly reports or calculates the Total Net Leverage Ratio, the AgentAdministrative Agent or the Majority Lenders, in its or their sole discretion, may change charge interest retroactively based on the Applicable Margin that should have been in effect for such period that the Total Net Leverage Ratio was incorrectly reported or calculated. The foregoing shall not limit any rights of the Lenders to receipt of the Default Rate, if applicable.