Interest Margin. For each Class of Notes (other than the Class M10 and Class M11 Notes), for any Payment Date prior to the Stepup Date, the following per annum rate: Class A1, 0.080%; Class A2, 0.190%; Class A3, 0.270%; Class M1, 0.360%; Class M2, 0.380%; Class M3, 0.390%; Class M4, 0.500%; Class M5, 0.530%; Class M6, 0.580%; Class M7, 1.100%; Class M8, 1.300%; and Class M9, 2.300%; and on any Payment Date on or following the Stepup Date: Class A1, 0.160%; Class A2, 0.380%; Class A3, 0.540%; Class M1, 0.540%; Class M2, 0.570%; Class M3, 0.585%; Class M4, 0.750%; Class M5, 0.795%; Class M6, 0.870%; Class M7, 1.650%; Class M8, 1.950%; and Class M9, 3.450%.
Interest Margin. 1.50%
10. The Loan Agreement is amended by deleting Item 10 of the Schedule to the Loan Agreement and inserting the following in lieu thereof:
Interest Margin. Except as set forth in the following sentence, with respect to each Class of LIBOR Certificates, the following percentages: Class I-A Certificates, 0.140%; Class II-A-1 Certificates, 0.100%; Class II-A-2 Certificates, 0.140%; Class II-A-3 Certificates, 0.190%; Class II-A-4 Certificates, 0.280%; Class M-1 Certificates, 0.300%; Class M-2 Certificates, 0.480%; Class M-3 Certificates, 0.530%; Class M-4 Certificates, 0.700%; Class M-5 Certificates, 0.850%; Class M-6 Certificates, 1.000%, Class M-7 Certificates, 2.000%, Class M-8 Certificates, 2.000%, Class M-9 Certificates, 2.000% and Class M-10 Certificates, 2.000%. On the first Distribution Date after the Optional Termination Date, the Interest Margins shall increase to the following percentages: Class I-A Certificates, 0.280%; Class II-A-1 Certificates, 0.200%; Class II-A-2 Certificates, 0.280%; Class II-A-3 Certificates, 0.380%; Class II-A-4 Certificates, 0.560%; Class M-1 Certificates, 0.450%; Class M-2 Certificates, 0.720%; Class M-3 Certificates, 0.795%; Class M-4 Certificates, 1.050%; Class M-5 Certificates, 1.275%; Class M-6 Certificates, 1.500%, Class M-7 Certificates, 3.000%, Class M-8 Certificates, 3.000%, Class M-9 Certificates, 3.000% and Class M-10 Certificates, 3.000%.
Interest Margin. (i) So long as Borrower maintains a ratio of Indebtedness to Tangible Net Worth less than or equal to the following table, the Interest Margin shall be 2.0%. In addition, so long as Borrower maintains a ratio of Indebtedness to Tangible Net Worth less than or equal to the above table, AND Borrower is otherwise in compliance with all terms and conditions of the Agreement as of 12/31/08, then the Interest Margin will reduce to 1.50%. The 12/31/08 adjustment, in Lender’s sole discretion, shall be based on preliminary year-end financial statements provided by Borrower. Should the results of Borrower’s year-end audited financial statements show that Borrower is not in compliance with all terms and conditions of the Agreement (but Borrower is otherwise in compliance with the above table), the Interest Margin shall immediately and automatically revert to 2.0% as of 1/1/09, and Borrower will repay to Lender, on demand, all amounts due thereon.
Interest Margin. 5.50%
(i) By deleting the section entitled "If to Agent or Lenders:" from Item 31 of the Schedule and by substituting in lieu thereof the following: If to Agent or Lenders: ACF XxxXx I LP 000 Xxxxx Xxxxxx Xxxx, Xxxxx 000 Xxxxxxxxx, XX 00000 Attn.: Xxxx Xxxxxxxx Facsimile No.: (000) 000-0000 In consideration of the foregoing amendments, Borrowers agree to deliver to the Agent true, correct and complete executed copies of all Specified Appeal Bond Documents within ten (10) Business Days after the Order Entry (as defined in the Second Amendment), or such later date to which the Agent may consent in its sole discretion. The effectiveness of the amendments contained herein is subject to Agent's receipt of (a) a duly executed amendment to the Term Loan Agreement in form and substance satisfactory to Agent, and (b) a duly executed secretary's or manager's certificate of resolutions with respect to each Borrower, in each case in form and substance satisfactory to Agent. By its signature hereto, each Borrower hereby (a) ratifies and reaffirms the Obligations, each of the Loan Documents and all of such Borrower's covenants, duties, indebtedness and liabilities under the Loan Documents; (b) acknowledges and stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens granted by such Borrower in favor of Agent are duly perfected, first priority security interests and liens; (c) represents and warrants to Agent and Lenders, to induce Agent and Lenders to enter into this agreement, that (i) no Default exists on the date hereof or would result from the effectiveness of this agreement, (ii) the execution, delivery and performance of this agreement have been duly authorized by all requisite company action on the part of such Borrower and this agreement has been duly executed and delivered by such Borrower, and (iii) all of the representations and warranties made by such Borrower in the Loan Agreement are true and correct on and as of the date hereof; and (d) acknowledges that LIBOR is presently 0.20% per annum and, therefore, the rate of interest in eff...
Interest Margin. Tranche A Revolving Loan: Prime Rate plus 410 basis points (4.10%); Tranche B Revolving Loan: Prime Rate plus 3%;
Interest Margin. For each Class of Notes, for any Payment Date prior to the Stepup Date, the following per annum rate: for any Payment Date prior to the Stepup Date the following per annum rate: Class 1-A, [____]%; Class 2-A1, [____]%; Class 2-A2,[____]%; Class 2-A3, [____]%; Class M1, [____]%; Class M2, [____]%; Class M3, [____]%; Class M4, [____]%; Class M5, [____]%; Class M6, [____]% and Class M7, [____]% and on any Payment Date following the Stepup Date: Class 1-A, [____]%; Class 2-A1, [____]%; Class 2-A2, [____]%; Class 2-A3, [____]%; Class M1, [____]%; Class M2, [____]%; Class M3, [____]%; Class M4, [____]%; Class M5, [____]%; Class M6, [____]%; and Class M7, [____]%.
Interest Margin. 2.0%; provided, however, if Borrower is in not in Default and is in compliance with all terms and conditions of the Agreement as of 12/31/08, the Interest Margin will reduce to 1.50%. The 12/31/08 adjustment, in Lender’s sole discretion, shall be based on preliminary year-end financial statements provided by Borrower. Should the results of Borrower’s year-end audited financial statements show that Borrower is not in compliance with all terms and conditions of the Agreement, the Interest Margin shall immediately and automatically revert to 2.0% as of 1/1/09 and Borrower will repay to Lender, on demand, all amounts due thereon.
Interest Margin. Tranche A/ RCF 1.625% per annum from the Merger Closing Date, for a period of three months and thereafter subject to the Margin Ratchet provisions. Tranche A1 1.625% per annum from the date of first drawdown under Tranche A1 for a period of 3 months and thereafter, subject to the Margin Ratchet provisions. Tranche B1 2.250% per annum from the date of first drawdown under Tranche B1.
Interest Margin. The Loan Agreement is hereby amended by deleting subsection (b) and subsection (c) of Item 8 (Interest Rates) of the Terms Schedule to the Loan Agreement and substituting the following in lieu thereof:
