Change in Interest Rate. The paragraph describing the interest rate in the Revolving Note is hereby amended and restated in its entirety to read as follows: “The unpaid principal balance will bear interest at an annual rate equal to 1.0% plus the prime rate announced by the Bank from time to time; provided that the interest rate will not be less than 4.50% per annum at any time. The interest rate hereunder will be adjusted each time that the prime rate changes.”
Change in Interest Rate. Any increase or decrease in the interest rate in paragraphs (i) and (ii) above resulting from a change in the Senior Leverage Ratio shall become effective commencing on the first Business Day of the month immediately following the date a Compliance Certificate is delivered pursuant to Section 6.2(a)(iv); provided, however, that if a Compliance Certificate is not delivered when due in accordance with Section 6.2(a)(iv), the highest interest rate set forth in paragraphs (i) and (ii) above shall apply commencing on the first Business Day of the month following the date such Compliance Certificate was required to have been delivered and continuing until the day that is two (2) Business Days after the date that such Compliance Certificate is delivered to Bank. The interest rate in effect from the Effective Date through the first Business Day of the month immediately following the date the Compliance Certificate for the period ending June 29, 2006 is required to be delivered pursuant to Section 6.2(a)(iv) shall be the highest interest rate set forth in paragraphs (i) and (ii) above.
Change in Interest Rate. Using the 10-year, mid-market LIBOR swap rate in the “Money & Investing, Borrowing Benchmarks” section of The Wall Street Journal, from the close of business on the Business Day immediately prior to the Bid Date (as published on the Bid Date) through the close of business two Business Days prior to the Closing Date (as published on the Business Day immediately prior to the Closing Date), the amount of the Leasehold Fee will either be (i) decreased by 1/20 of 1% for every one basis point increase (above the first 25 basis points increase) in the 10-year, mid-market LIBOR swap rate or (ii) increased by 1/20 of 1% for every one basis point decrease (below the first 25 basis points decrease) in the 10-year, mid-market LIBOR swap rate.
Change in Interest Rate. If checked here, effective upon the date of this Amendment, interest payable under the Note is amended as follows: The unpaid principal balance will bear interest at an annual rate described in the Interest Rate Rider attached to this Amendment.
Change in Interest Rate. Pursuant to Section 11(g) of the Note, the Note is hereby amended so that, as amended, effective March 1, 2018, the interest rate of the Note shall be 10%.
Change in Interest Rate. Section 1.2 of the Loan Agreement is hereby amended in its entirety to read as follows:
Change in Interest Rate. Sections 1.02 C. 1, 2 and 3 of the Agreement are deleted in their entirety and the following is substituted in lieu thereof:
Change in Interest Rate. The Interest Rate set forth in the Loan Agreement is hereby amended to read as follows:
Change in Interest Rate. (a) In the event the Rating then in effect is a Tier A Rating, the interest rate on the Notes shall be adjusted as follows: each Note then outstanding shall accrue interest from the date such Tier A Rating is effective at a rate which is 25 basis points (0.25%) higher (the “Tier A Additional Interest Rate”) than the coupon rate of such Note (the coupon rate of such Note, when increased with the Tier A Additional Interest Rate, shall hereinafter be referred to as the “Tier A Elevated Interest Rate”) until, subject to clauses (b) and (c)(ii) below, such Rating is no longer in effect. Additional interest resulting from the application of the Tier A Elevated Interest Rate with respect to any Note shall (i) accrue for the entire applicable period and (ii) become due and X.X. XXXXXX COMPANY FIRST AMENDMENT payable to the holder of such Note on the earlier of (x) the next interest payment date with respect to such Note or (y) the date such Note shall have become due and payable as a result of its maturity or acceleration; provided, however, that such Tier A Elevated Interest Rate shall be disregarded for purposes of any Make-Whole Amount calculations other than calculations in connection with an acceleration as a result of an Event of Default under Section 11(a), (b), (g) or (h).
Change in Interest Rate. Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is converted from a Term SOFR Loan into a Base Rate Loan pursuant to Section 2.10 to (but not including) the date it becomes due or is converted into a Term SOFR Loan pursuant to Section 2.10 hereof, at a rate per annum equal to the Base Rate for such day. Changes in the rate of interest on that portion of any Loan maintained as a Base Rate Loan will take effect simultaneously with each change in the Base Rate. Each Term SOFR Loan shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the applicable Term SOFR Rate determined by the Administrative Agent as applicable to such Term SOFR Loan based upon the applicable Borrower’s selections under Sections 2.9 and 2.10 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. For the avoidance of doubt, but without duplication, the Applicable Margin shall be included in each calculation of the Base Rate and each Term SOFR determined hereunder from time to time.
