Amendment to Definition of Applicable Margin. The definition of "Applicable Margin" contained in Section 1.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:
Amendment to Definition of Applicable Margin. (f) of the Agreement is hereby amended and restated to read in its entirety as follows:
Amendment to Definition of Applicable Margin. Section 1.01 of the Credit Agreement shall be amended by amending the definition of the term “Applicable Margin” as follows:
(a) The pricing grid set forth in the definition of the term “Applicable Margin” shall be amended and restated in its entirety to read as follows: Level Consolidated Total Leverage Ratio Eurodollar Loans ABR Loans Commitment Fee Rate I Less than or equal to 2.50 to 1.00 2.00% 1.00% 0.375% II Greater than 2.50 to 1.00 but less than or equal to 3.00 to 1.00 2.25% 1.25% 0.375% III Greater than 3.00 to 1.00 but less than or equal to 3.50 to 1.00 2.50% 1.50% 0.375% IV Greater than 3.50 to 1.00 but less than or equal to 4.00 to 1.00 2.75% 1.75% 0.500% V Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00 3.00% 2.00% 0.500% VI Greater than 4.50 3.25% 2.25% 0.500% ; and
Amendment to Definition of Applicable Margin. (a) Section 1.1 of the Credit Agreement is hereby amended by deleting the chart appearing in the definition of the term Applicable Margin and inserting in lieu thereof the following new chart: Senior Debt/EBITDA Eurodollar Canadian Canadian Ratio Base Rate Rate Base Rate COF RATE ------------------ --------- ---------- --------- -------- Less than 1.50 to 1 0 .50% 0 .5% Less than 2.00 to 1 but greater than or equal to 1.50 to 1 0 .75% 0 .75% Less than 2.50 to 1 but greater than or equal to 2.00 to 1 0 1.00% 0 1.00% Less than 3.00 to 1 but greater than or equal to 2.50 to 1 0 1.25% 0 1.25% Less than 3.50 to 1 but greater than or equal to 3.00 to 1 0 1.50% 0 1.50% Less than 4.00 to 1 but greater than or equal to 3.50 to 1 .25% 1.75% .25% 1.75% Equal to or greater than 4.00 to 1 .75% 2.25% .75% 2.25% 78
(b) Section 1.1 of the Credit Agreement is hereby amended by deleting in clause (a) of the proviso to the definition of the term of Applicable Margin the number "3.50" the one time it appears therein and inserting in lieu thereof the number "4.00".
Amendment to Definition of Applicable Margin. The definition of the term “Applicable Margin” is hereby amended and restated to read in its entirety as follows:
Amendment to Definition of Applicable Margin. The definition of "Applicable Margin" in Section 1.1 of the Agreement is hereby amended and restated in its entirety as follows:
Amendment to Definition of Applicable Margin. The definition of “Applicable Margin” in Section 1.6 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Amendment to Definition of Applicable Margin. Notwithstanding the -------------------------------------------- definition of Applicable Margin set forth in Paragraph 2.6 of the Credit Agreement, the Applicable Margin with respect to Libor Portions shall be 2.75% and the Applicable Margin with respect to Base Rate Portions shall be 1.25%; provided however, that if the ratio of Funded Debt to Adjusted EBITDA for Parent and its consolidated Subsidiaries is less than or equal to 3.00 to 1 as of March 31, 1998 or is less than or equal to 2.75 to 1 as of June 30, 1998 or thereafter, then effective on the day following delivery of the applicable Compliance Certificate the Applicable Margin shall be calculated as set forth in the Credit Agreement without regard to this Paragraph 2.
Amendment to Definition of Applicable Margin. The definition of the term Applicable Margin is hereby amended by deleting the table set forth in such definition in its entirety and by replacing it with the following new table: BASE RATE EURODOLLAR RATE "LEVEL SENIOR DEBT RATIO LOANS LOANS ------ ------------------------------ ----- --------------- I > 2.75:1.00 0.50% 2.75% - II > 2.25:1.00 and less than 0.25% 2.50% - 2.75:1.00 III > 1.75:1.00 and less than 0.00% 2.00% - 2.25:1.00 IV > 1.25:1.00 and less than 0.00% 1.50% - 1.75:1.00 V < 1.25:1.00 0.00% 1.25%"
Amendment to Definition of Applicable Margin. The definition of "Applicable Margin" set forth in Section 1.1 of the Credit Agreement is amended ----------- by deleting the chart set forth therein and replacing in lieu thereof the following chart: ------------------------------------------------------------------------------- APPLICABLE MARGIN ------------------------------------------------------------------------------- STATUS EURODOLLAR LOANS ABR LOANS ------------------------------------------------------------------------------- Level I 0.500% 0.000% Level II 0.750% 0.000% Level III 0.875% 0.000% Level IV 1.125% 0.000% Level V 1.375% 0.250% Level VI 1.625% 0.500% Level VII 1.875% 0.750% -------------------------------------------------------------------------------
