Extended Facilities. Consolidated Leverage Ratio Applicable Commitment Fee Applicable Eurodollar Margin Applicable Base Rate Margin Greater than or equal to 3.0 to 1.0 50.0 250.0 150.0 Greater than or equal to 2.0 to 1.0 but less than 3.0 to 1.0 50.0 225.0 125.0 Greater than or equal to 1.50 to 1.0 but less than 2.0 to 1.0 37.5 200.0 100.0 Less than 1.50 to 1.0 25.0 175.0 75.0 Until the first date after the Fourth Amendment Effective Date on which financial statements and a Compliance Certificate are delivered to the Lenders pursuant to Section 7.1, the Consolidated Leverage Ratio for the purposes of the Pricing Grid set forth above shall be deemed to be greater than or equal to 2.0 to 1.0 but less than 3.0 to 1.0. For the purposes of the Pricing Grid set forth above, changes in the rates set forth therein resulting from changes in the Consolidated Leverage Ratio shall become effective on the date that is three Business Days after the date on which financial statements and a Compliance Certificate are delivered to the Lenders pursuant to Section 7.1 and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements or the Compliance Certificate referred to above are not delivered within the time periods specified in Section 7.1, then, until the date that is three Business Days after the date on which such financial statements and Compliance Certificate are delivered, the highest rate set forth in each column of such Pricing Grid shall apply. Each determination of the Consolidated Leverage Ratio pursuant to such Pricing Grid shall be made in a manner consistent with the determination thereof pursuant to Section 8.1.
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Samples: Five Year Credit Agreement (Autonation, Inc.), Five Year Credit Agreement (Autonation, Inc.)
