APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. PricingLevel Total Debt to EBITDA Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Percentage for Commitment Fee I Less than 1.50:1.00 1.750% per annum 0% per annum 0.15% per annum II Less than 2.00:1.00 but greater than or equal to 1.50:1.00 1.875% per annum 0% per annum 0.20% per annum III Less than 2.50:1.00 but greater than or equal to 2.00:1.00 2.000% per annum 0% per annum 0.25% per annum IV Greater than or equal to 2.50:1.00 2.250% per annum 0% per annum 0.30% per annum
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Pricing Level Total Net Debt to EBITDA Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Percentage for Commitment Fee I Less than 0.75:1.00 1.50% per annum 0.50% per annum 0.20% per annum II Less than 1.25:1.00 but greater than or equal to 0.75:1.00 1.75% per annum 0.75% per annum 0.25% per annum III Less than 1.75:1.00 but greater than or equal to 1.25:1.00 2.00% per annum 1.00% per annum 0.30% per annum IV Less than 2.25:1.00 but greater than or equal to 1.75:1.00 2.25% per annum 1.25% per annum 0.35% per annum V Greater than or equal to 2.25:1.00 2.50% per annum 1.50% per annum 0.35% per annum Schedule 1.1(a) EXHIBIT A FORM OF ASSIGNMENT AND ACCEPTANCE AGREEMENT [Date to be supplied] Reference is made to the Credit Agreement dated as of November 9, 2020 (as amended and in effect on the date hereof, the “Credit Agreement”), among Aaron’s, LLC, a Georgia limited liability company (the “Borrower”), Aaron’s Spinco, Inc., a Georgia corporation (“Holdings”), the lenders from time to time party thereto (the “Lenders”) and Truist Bank, as Administrative Agent for the Lenders, an Issuing Bank and Swingline Lender. Terms defined in the Credit Agreement are used herein with the same meanings. The [name of assignor] (the “Assignor”) hereby sells and assigns, without recourse, to [name of assignee] (the “Assignee”), and the Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the Assignment Date set forth below, the interests set forth below (the “Assigned Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the interests set forth below in the Commitments of the Assignor on the Assignment Date and Loans owing to the Assignor which are outstanding on the Assignment Date, together with, in the case of any assignment of Revolving Commitments, the participations in the LC Exposure and the Swingline Exposure of the Assignor on the Assignment Date, but excluding accrued interest and fees to and excluding the Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. From and after the Assignment Date:
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Pricing Level Rating Category Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Percentage for Facility Fee Utilization Percentage I A or higher/A2 or higher 0.155% per annum 0.00% per annum 0.045% per annum 0.050% per annum II A-/A3 0.200% per annum 0.00% per annum 0.050% per annum 0.050% per annum III BBB+/Baa1 0.230% per annum 0.00% per annum 0.070% per annum 0.050% per annum IV BBB/Baa2 0.3100% per annum 0.00% per annum 0.090% per annum 0.050% per annum V BBB- or lower/Baa3 or lower 0.440% per annum 0.00% per annum 0.110% per annum 0.100% per annum The credit ratings to be utilized for purposes of this Schedule are those assigned to the senior, unsecured long-term debt securities of the Borrower without third-party credit enhancement, whether or not any such debt securities are actually outstanding, and any rating assigned to any other debt security of the Borrower shall be disregarded. The rating in effect on any date is that in effect at the close of business on such date. If the Borrower is split-rated and (1) the ratings differential is one category, the higher of the two ratings will apply (e.g., A-/Baa1 results in Level II status) (2) the ratings differential is two categories, the rating which falls between them shall apply (e.g., A-/Baa2, then the rate would be based on Level III status) or (3) the ratings differential is more than two category, the rate shall be determined by reference to the category next above that of the lower of the two ratings (e.g., A-/Baa3, then the rate would be based on Level IV status). If the Borrower is not rated by either Xxxxx’x or S&P, then the rate shall be established by reference to Level V. If the rating system of Xxxxx’x or S&P shall change, or if either rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower, the Lenders and the Administrative Agent shall negotiate in good faith to amend this Schedule to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin and the Applicable Percentage shall be determined by reference to the rating most recently in effect prior to any such change or cessation. If after a reasonable time the parties cannot agree to a mutually acceptable amendment, the Applicable Margin and the Applicable Percentage shall be determined by reference to Level V. Schedule I Schedule II COMMITMENT AMOUN...
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Applicable Applicable Applicable Applicable Margin for Margin for Commitment Letter of Pricing Average Eurodollar Base Rage Fee Credit Fee Level Availability Loans Loans Percentage Percentage I Greater than $25MM 1.75% p.a. .25% p.a. .25% p.a. 1.75% p.a. II Less than or equal to $25MM but greater than $15MM 2.00% p.a. .50% p.a. .25% p.a. 2.00% p.a. III Less than or equal to $15MM but greater than $5MM 2.25% p.a. .75% p.a. .25% p.a. 2.25% p.a. IV Less than or equal to $5MM 2.50% p.a. 1.00% p.a. .375% p.a. 2.50% p.a. For purposes of this Schedule I, (a) Average Availability will be computed for each calendar quarter, commencing with the quarter ending December 31, 2005, on the last day of each quarter and (b) any failure to deliver all Borrowing Base Certificates pursuant to Section 5.9 for any applicable quarter shall result in the application of Pricing Level IV above until such certificates are duly delivered to the Collateral Agent. Changes in the Applicable Margin or Applicable Percentages resulting from a change in the Average Availability level shall become effective the second Business Day after the Collateral Agent makes a determination of a change therein (such determination to be notified to Borrowers and the Administrative Agent in writing on such Business Day). Schedule II COMMITMENT AMOUNTS Revolving Lender Commitment Amount Title SunTrust Bank $26,600,000 Lead Arranger / Administrative Agent Bank of America, N.A. $24,000,000 Co-Syndication Agent PNC Bank, National Association $24,000,000 Co-Syndication Agent National City Business Credit, Inc. $24,000,000 Co-Documentation Agent The CIT Group/Business Credit, Inc. $24,000,000 Co-Documentation Agent Wachovia Bank, National Association $24,000,000 General Electric Capital Corporation $24,000,000 Regions Bank $24,000,000 Textron Financial Corporation $18,000,000 Fifth Third Bank $18,000,000 Siemens Financial Services, Inc. $16,800,000 Israel Discount Bank of New York $15,600,000 Wxxxx Fargo Foothill, LLC $13,000,000 Wxxxxxx Business Credit Corp. $12,000,000 ` Bank Leumi USA $12,000,000 Total: $300,000,000.00
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Pricing Level Leverage Ratio Applicable Margin for Eurodollar Loans and Bankers’ Acceptances Applicable Margin for Base Rate Loans and Canadian Prime Loans Applicable Percentage for Commitment Fee I < 2.00:1.0 1.25% per annum 0.25% per annum 0.250% per annum II > 2.00:1.0 but < 2.50:1.0 1.50% per annum 0.50% per annum 0.250% per annum III > 2.50:1.0 but < 3.00:1.0 1.75% per annum 0.75% per annum 0.250% per annum IV > 3.00:1.0 but < 4.00:1.0 2.00% per annum 1.00% per annum 0.375% per annum V > 4.00:1.0 2.25% per annum 1.25% per annum 0.375% per annum Schedule II COMMITMENT AMOUNTS Lender US Revolving Commitment Amount Canadian Revolving Commitment Amount SunTrust Bank $ 150,000,000 $ 0 Regions Bank $ 125,000,000 $ 0 Wxxxx Fargo Bank, N.A. $ 150,000,000 $ 0 Compass Bank $ 150,000,000 $ 0 Bank of America, N.A. $ 75,000,000 $ 0 Branch Banking & Trust Co. $ 75,000,000 $ 0 Capital One, N.A. $ 50,000,000 $ 0 KeyBank National Association $ 45,000,000 $ 0 IberiaBank $ 40,000,000 $ 0 Whitney Bank $ 40,000,000 $ 0 Comerica Bank $ 25,000,000 $ 0 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland” New York Branch $ 25,000,000 $ 0 Central Pacific Bank $ 15,000,000 $ 0 The Northern Trust Company $ 15,000,000 $ 0 American Savings Bank, F.S.B. $ 10,000,000 $ 0 Royal Bank of Canada $ 0 $ 50,000,000 Total $ 990,000,000 $ 50,000,000
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Applicable Margin Applicable Margin Applicable Pricing for Eurodollar for Base Rate Percentage for Level Leverage Ratio Loans Loans Commitment Fee I Less than 1.50:1.00 0.875% per annum 0% per annum 0.15% per annum II Less than 2.00:1.00 but greater than or equal to 1.50:1.00 1.00% per annum 0% per annum 0.20% per annum III Less than 2.50:1.00 but greater than or equal to 2.00:1.00 1.25% per annum 0% per annum 0.25% per annum IV Greater than or equal to 2.50:1.00 1.50% per annum 0% per annum 0.30% per annum SCHEDULE 1.1(b) LENDER COMMITMENTS Lender Commitment Amount SunTrust Bank $ 35,000,000 Regions Bank $ 35,000,000 Branch Banking & Trust Company $ 35,000,000 Wachovia Bank, National Association $ 20,000,000 Bank of America, N.A. $ 15,000,000 Total: $ 140,000,000.00 SCHEDULE 4.5(a) LITIGATION [Omitted from SEC filing.] SCHEDULE 4.5(b) ENVIRONMENTAL MATTERS [Omitted from SEC filing.] SCHEDULE 4.14 SUBSIDIARIES [Omitted from SEC filing.] SCHEDULE 7.1 OUTSTANDING INDEBTEDNESS [Omitted from SEC filing.] SCHEDULE 7.2 EXISTING LIENS [Omitted from SEC filing.] SCHEDULE 7.4 EXISTING INVESTMENTS [Omitted from SEC filing.]
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Pricing Level Cash Flow Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Percentage for Commitment Fee I Less than 1.00:1.00 2.50% per annum 1.50% per annum 0.30% per annum II Less than 1.50:1.00 but greater than or equal to 1.00:1.00 2.75% per annum 1.75% per annum 0.35% per annum III Greater than or equal to 1.50:1.00 3.00% per annum 2.00% per annum 0.40% per annum [SCHEDULE I-A] Schedule I-B APPLICABLE MARGIN AND APPLICABLE PERCENTAGE (Term Loan A-1) Pricing Level Cash Flow Leverage Ratio Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans I Less than 1.00:1.00 2.00% per annum 1.00% per annum II Less than 1.50:1.00 but greater than or equal to 1.00:1.00 2.25% per annum 1.25% per annum III Greater than or equal to 1.50:1.00 2.50% per annum 1.50% per annum [SCHEDULE I-B] Schedule II-A REVOLVING COMMITMENT AND TERM LOAN A COMMITMENT AMOUNTS Lender Revolving Commitment Amount Term Loan A Commitment Amount SunTrust Bank $ 83,278,619.73 $ 16,552,380.95 Bank of America, N.A. 73,435,714.00 17,028,571.43 Fifth Third Bank 51,070,190.48 9,523,809.52 ING Capital LLC 66,071,428.58 9,523,809.52 Xxxxxx Xxxxxxx Bank, N.A. 40,625,000.00 10,000,000.00 California Bank &Trust 32,380,952.00 7,619,047.62 Citibank, N.A. 43,749,999.98 6,666,666.67 Bank Leumi USA 10,767,857.14 4,514,285.71 Israel Discount Bank of New York 16,190,476.19 3,809,523.81 First Bank 16,041,666.67 3,333,333.33 Amalgamated Bank 15,892,857.14 2,857,142.86 Union Bank 22,321,428.59 2,857,142.86 Cathay Bank, California Banking Corporation 13,164,285.70 1,904,761.90 Xxxxx Xxx Commercial Bank, Ltd., New York Branch 19,345,238.10 1,904,761.90 Manufacturers Bank 8,214,285.70 1,904,761.90 Barclays Bank 20,000,000.00 0.00 RBS Citizens 35,000,000.00 0.00 Flagstar Bank 25,000,000.00 0.00 PrivateBank and Trust 25,000,000.00 0.00 Western Alliance Bank 25,000,000.00 0.00 Xxxxxxx Xxxxx Bank 20,000,000.00 0.00 UBS AG, Stamford Branch 20,000,000.00 0.00 CTBC Bank 10,000,000.00 0.00 Total $ 692,550,000.00 $ 100,000,000 [SCHEDULE II-A] Schedule II-B TERM LOAN A-1 COMMITMENT AMOUNTS1 Lender Term Loan A-1 Commitment Amount Deutsche Bank AG, New York Branch $ 50,000,000.00 Total $ 50,000,000.00 1 The Term Loan A-1 Commitment Amount in effect as of the Closing Date is listed in Section 2.9(c) of the Credit Agreement. [SCHEDULE II-B] Schedule III
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Pricing Level Borrowing Base Utilization Percentage Applicable Margin for Eurodollar Loans Applicable Margin for Base Rate Loans Applicable Percentage for Unused Commitment Fee I < 25% 2.50% 1.50% 0.375% per annum per annum per annum II > 25% but < 50% 2.75% 1.75% 0.375% per annum per annum per annum III > 50% but < 75% 3.00% 2.00% 0.375% per annum per annum per annum IV > 75% but < 90% 3.25% 2.25% 0.375% per annum per annum per annum V > 90% 3.50% 2.50% 0.500% per annum per annum per annum Schedule I to Credit Agreement SCHEDULE II
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Applicable Applicable Pricing Lease Adjusted Applicable Margin Applicable Margin Percentage for Percentage for Level Leverage Ratio for Eurodollar for Base Rate Loans Commitment Fee Letter of Credit Loans Fee ------------- ------------------- -------------------- -------------------- ------------------- ------------------ I Greater than or equal to 3.25:1.00 2.00% p.a. 0.25% p.a. 0.35% p.a. 2.00% p.a. ------------- ------------------- -------------------- -------------------- ------------------- ------------------ II Less than 3.25:1.00 but 1.50% p.a. 0% p.a. 0.25% p.a. 1.50% p.a. greater than or equal to 2.75:1.00 ------------- ------------------- -------------------- -------------------- ------------------- ------------------ III Less than 2.75:1.00 but 1.25% p.a. 0% p.a. 0.25% p.a. 1.25% p.a. greater than or equal to 2.25:1.00 ------------- ------------------- -------------------- -------------------- ------------------- ------------------ IV Less than 2.25:1.00 but 1.00% p.a. 0% p.a. 0.20% p.a. 1.00% p.a. greater than or equal to 1.75:1.0 ------------- ------------------- -------------------- -------------------- ------------------- ------------------ V Less than 1.75:1:0 0.875% p.a. 0% p.a. 0.20% p.a. 0.875% p.a. ------------- ------------------- -------------------- -------------------- ------------------- ------------------
APPLICABLE MARGIN AND APPLICABLE PERCENTAGE. Applicable Applicable Margin Percentage for for Eurodollar Applicable Margin Revolving Pricing Level Total Leverage Ratio Loans for Base Rate Loans Commitment Fee I Greater than or equal to 2.50:1.00 4.00% per annum 3.00% per annum 0.60% per annum II Less than 2.50:1.00 but greater than or equal to 2.00:1.00 3.75% per annum 2.75% per annum 0.55% per annum III Less than 2.00:1.00 but greater than or equal to 1.50:1.00 3.50% per annum 2.50% per annum 0.50% per annum IV Less than 1.50:1.00 3.25% per annum 2.25% per annum 0.45% per annum Schedule II COMMITMENT AMOUNTS Lender Revolving Commitment Amount SunTrust Bank $ 35,000,000 SCHEDULE 3.1
