Common use of Interest Rates and Fees Clause in Contracts

Interest Rates and Fees. (1) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX Advances and the rates for calculation of L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Ratio (the "Ratio") as follows: Less than 1.00 to 1 2.00% 3.00% 0.750% Greater than or equal to 1.00 to 1 but less than 2.00 to 1 2.50% 3.50% 0.875% Greater than or equal to 2.00 to 1 but less than 3.00 to 1 3.00% 4.00% 1.000% Greater than or equal to 3.00 to 1 3.50% 4.50% 1.125% All rates (the "Rates") in the table represent rates per annum. To the full extent permitted by law, each of the Rates specified above, other than the standby fees, shall be increased by 2% per annum if an Event of Default has occurred and is continuing. (2) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and the Base Rate, respectively, plus the relevant Rate shown under "Prime Rate and Base Rate Advances" in the table in Section 2.6(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, plus the relevant Rate shown under "Other Advances" in that table. The rate for calculation of L/C Fees shall be the relevant Rate shown under "Other Advances" in that table. (3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(1) to the Agent at the Branch of Account on Advances outstanding from time to time. The Borrower shall pay interest on Prime Rate Advances, Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay L/C Fees quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. (4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "Standby Fee" in the table. The standby fee shall be calculated daily beginning on the date of this Agreement and shall be payable quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees. (5) On the 45th day after the end of the first, second and third fiscal quarters of each fiscal year of the Borrower and on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisition. If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that period. (8) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.

Interest Rates and Fees. (1) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX LIBOR Advances and the rates for calculation of B/A Fees, L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Ratio (the "“Ratio"”) as follows: Less than 1.00 to 1 2.001.25 % 3.002.25 % 0.7500.50625 % Greater than or equal to 1.00 to 1 but less than 1.50 to 1 1.50 % 2.50 % 0.56250 % Greater than or equal to 1.50 to 1 but less than 2.00 to 1 2.501.75 % 3.502.75 % 0.8750.61875 % Greater than or equal to 2.00 to 1 but less than 3.00 2.50 to 1 3.002.00 % 4.003.00 % 1.0000.67500 % Greater than or equal to 3.00 2.50 to 1 3.502.25 % 4.503.25 % 1.1250.73125 % All rates (the "“Rates"”) in the table represent rates per annum. To the full extent permitted by law, each of the Rates specified above, other than the standby fees, shall be increased by 2% per annum if an Event of Default has occurred and is continuing. (2) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate shown under "“Prime Rate and Base Rate Advances" ” in the table in Section 2.6(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR LIBOR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, LIBO Rate plus the relevant Rate shown under "“Other Advances" ” in that table. The rate for calculation of B/A Fees and L/C Fees shall be the relevant Rate shown under "“Other Advances" ” in that table. (3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(1) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 5.8(3). The Borrower shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrower shall pay L/C Fees quarterly in arrears on the first Business Banking Day of each of the Borrower's ’s fiscal quarters. (4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "“Standby Fee" ” in the table. The standby fee shall be calculated daily beginning on the date of this Agreement and shall be payable quarterly in arrears on the first Business Banking Day of each of the Borrower's ’s fiscal quarters. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees. (5) On the 45th day after the end of the first, second and third fiscal quarters of each fiscal year of the Borrower and on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "“Rate Determination Date"”), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. Any modification of any Rate will not give rise to adjustments to B/A Fees previously calculated. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "“Significant Acquisition"”) and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisition. If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that period. (8) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.

Interest Rates and Fees. (1a) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances B/A Equivalent Loans and XXXX LIBOR Advances and the rates for calculation of B/A Fees and L/C Fees and standby fees shall be determined and adjusted based on the a ratio of Total Net Debt Ratio to EBITDA (the "Ratio"calculated on a rolling four-quarter basis) as follows: Less Greater than 1.00 or equal to 2.00 to 1 2.003.50 % 3.004.50 % 0.7503.00 % 4.50 % 1.125 % Greater than or equal to 1.00 to 1 but less than 2.00 to 1 2.503.00 % 3.504.00 % 0.8752.67 % Greater 4.00 % 1.00 % Less than or equal to 2.00 1.00 to 1 but less than 3.00 to 1 3.002.50 % 4.003.50 % 1.0002.33 % Greater than or equal to 3.00 to 1 3.503.50 % 4.50% 1.1250.875 % All rates (the "Rates") figures in the table represent rates per cent per annum. To the full extent permitted by law, each Each of the Rates amounts specified above, other than the standby fees, shall be increased by 2% per annum if an Event of a Default has occurred and is continuing. If a Default is disclosed by a Compliance Certificate, any increase shall be applied beginning as of the end of the fiscal period to which the Compliance Certificate relates. (2b) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate figure shown under "“Prime Rate and Base Rate Advances" ” in the table in Section 2.6(12.5(a). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR LIBOR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, LIBO Rate plus the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of LB/C A Fees shall be the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of LC Fees for financial Letters of Credit shall be the relevant figure shown under “LC Fee (financial L/C)” in that table. The rate for calculation of LC Fees for performance Letters of Credit shall be the relevant figure shown under “LC Fee (performance L/C)” in that table. (3c) The Borrower Borrowers shall pay interest and fees at the applicable rate specified in Section 2.6(12.5(a) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 6.8(c). The Borrower Borrowers shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower Borrowers shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrowers shall pay L/C Fees quarterly in arrears on the first Business Banking Day of following each of the Borrower's Hudbay’s fiscal quarters. (4d) The Borrower Borrowers shall pay a standby fee on the daily unadvanced portions of the Credit (which for clarity shall, for the purposes of this Section 2.5(d), be equal to the Maximum Available Amount less any amounts outstanding hereunder) at a Rate rate that shall be adjusted based on the ratio of Total Net Debt Ratio to EBITDA (calculated on a rolling four-quarter basis) and that shall be as specified under "“Standby Fee" ” in the tabletable in Section 2.5(a). The standby fee shall be calculated daily beginning on the date of this Agreement Effective Date and shall be payable quarterly in arrears on the first Business Banking Day of following each of the Borrower's Hudbay’s fiscal quarters. On final payment of the Obligations, the Borrower Borrowers shall also pay any accrued but unpaid standby fees. (5e) On Any increase or decrease in the 45th day after interest rates and fees resulting from a change in the end ratio of Total Debt to EBITDA (calculated on a rolling four-quarter basis) shall be effective as of the first, second and third fiscal quarters of each fiscal year of the Borrower and date on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to concerning the calculation of the ratio was due, except that if a Compliance Certificate is late, any resulting decrease shall be effective only as of the date that a satisfactory Compliance Certificate is actually received by the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition . Interest rates and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will fees shall initially be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying established based on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisitiondelivered under Section 5.1(a). If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished B/A Fees paid before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery effective date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that periodan increase or decrease will not be adjusted. (8) f) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.

Interest Rates and Fees. (1a) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances BA Equivalent Loans and XXXX LIBOR Advances and the rates for calculation of B/A Fees and L/C Fees and standby fees shall be determined and adjusted based on the ratio of Total Net Debt Ratio to EBITDA (the "Ratio"calculated on a rolling four-quarter basis) as follows: Less Greater than 1.00 or equal to 2.00 to 1 2.003.50 % 3.004.50 % 0.7503.00 % 4.50 % 1.125 % Greater than or equal to 1.00 to 1 but less than 2.00 to 1 2.503.00 % 3.504.00 % 0.8752.67 % Greater 4.00 % 1.00 % Less than or equal to 2.00 1.00 to 1 but less than 3.00 to 1 3.002.50 % 4.003.50 % 1.0002.33 % Greater than or equal to 3.00 to 1 3.503.50 % 4.50% 1.1250.875 % All rates (the "Rates") figures in the table represent rates per cent per annum. To the full extent permitted by law, each Each of the Rates amounts specified above, other than the standby fees, shall be increased by 2% per annum if an Event of a Default has occurred and is continuing. If a Default is disclosed by a Compliance Certificate, any increase shall be applied beginning as of the end of the fiscal period to which the Compliance Certificate relates. (2b) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate figure shown under "“Prime Rate and Base Rate Advances" ” in the table in Section 2.6(12.5(a). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR LIBOR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, LIBO Rate plus the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of LB/C A Fees shall be the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of LC Fees for financial Letters of Credit shall be the relevant figure shown under “LC Fee (financial L/C)” in that table. The rate for calculation of LC Fees for performance Letters of Credit shall be the relevant figure shown under “LC Fee (performance L/C)” in that table. (3c) The Borrower Borrowers shall pay interest and fees at the applicable rate specified in Section 2.6(12.5(a) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 6.8(c). The Borrower Borrowers shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower Borrowers shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrowers shall pay L/C Fees quarterly in arrears on the first Business Banking Day of following each of the Borrower's HudBay’s fiscal quarters. (4d) The Borrower Borrowers shall pay a standby fee on the daily unadvanced portions of the Credit (which for clarity shall, for the purposes of this Section 2.5(d), be equal to the Maximum Available Amount less any amounts outstanding hereunder) at a Rate rate that shall be adjusted based on the ratio of Total Net Debt Ratio to EBITDA (calculated on a rolling four-quarter basis) and that shall be as specified under "“Standby Fee" ” in the tabletable in Section 2.5(a). The standby fee shall be calculated daily beginning on the date of this Agreement Effective Date and shall be payable quarterly in arrears on the first Business Banking Day of following each of the Borrower's HudBay’s fiscal quarters. On final payment of the Obligations, the Borrower Borrowers shall also pay any accrued but unpaid standby fees. (5e) On Any increase or decrease in the 45th day after interest rates and fees resulting from a change in the end ratio of Total Debt to EBITDA (calculated on a rolling four-quarter basis) shall be effective as of the first, second and third fiscal quarters of each fiscal year of the Borrower and date on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to concerning the calculation of the ratio was due, except that if a Compliance Certificate is late, any resulting decrease shall be effective only as of the date that a satisfactory Compliance Certificate is actually received by the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition . Interest rates and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will fees shall initially be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying established based on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisitiondelivered under Section 5.1(b)(i). If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished B/A Fees paid before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery effective date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that periodan increase or decrease will not be adjusted. (8) f) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.

Interest Rates and Fees. (1a) Interest rates payable on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX LIBOR Advances made, and fees and commissions applicable to Silver Advances and the rates for calculation of L/C Fees and standby fees Cs issued shall be determined and adjusted based vary depending on the Total Net Gross Debt Ratio (the "Ratio") as follows: Less than 1.00 to 1 2.00% 3.00% 0.750% Greater than or equal to 1.00 2.5 to 1 but less than 2.00 to 1 1.50% 2.50% 3.50% 0.875% Greater than or equal to 2.00 to 1 but less than 3.00 2.50 to 1 3.001.00% 4.00% 1.0002.00% Greater than or equal to 3.00 1.50 to 1 3.50but less than 2.00 to 1 0.50% 4.501.50% 1.125Less than 1.50 to 1 0.25% All rates (the "Rates") in the table represent rates per annum. To the full extent permitted by law, each 1.25% Each of the Rates amounts specified above, other than the standby fees, shall above will be increased by 22.00% per annum if an Event of Default or Pending Event of Default has occurred and is continuing. (2b) Any increase or decrease in interest rates, L/C commissions, Standby Fees and other fees resulting from a change in the Gross Debt Ratio shall be effective as of the date on which a Reporting Certificate concerning the calculation of the ratio was due, except that if a Reporting Certificate is late, any resulting decrease shall be effective only as of the date that a Reporting Certificate in satisfactory form is actually received by the Lender. Fees related to L/Cs issued before the effective date of an increase or decrease under this Section 2.4(b), will not be adjusted. (c) All margins and fees specified in Section 2.4(a) are percentages per annum. Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and shall be the Base Rate, respectively, Rate plus the relevant Rate amount shown under "Prime Rate and in the column in Section 2.4(a) headed “ Margin for Base Rate Advances" in the table in Section 2.6(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, plus the relevant Rate shown under "Other Advances" in that table”. The rate fee for calculation of L/C Fees Cs shall be the relevant Rate rate shown under "Other Advances" in that table. (3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(1) to the Agent at the Branch of Account on Advances outstanding from time to time. The Borrower shall pay interest on Prime Rate Advances, Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay L/C Fees quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. (4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "Standby Fee" in the table. The standby fee shall be calculated daily beginning on the date of this Agreement and shall be payable quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees. (5) On the 45th day after the end of the first, second and third fiscal quarters of each fiscal year of the Borrower and on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding in Section 2.4(a) headed “Fee for L/Cs and Margin for LIBOR and Silver Advances” and, if other financial institutions become lenders under this Agreement, an additional fee of 0.10% per annum shall be paid to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying on the Compliance Certificate furnished Lender as issuing lender in respect of the Borrower proportionate share of each L/C that is allocated to the other lenders. Interest shall be payable on LIBOR Advances at the LIBO Rate for the applicable quarter or LIBOR Period plus the relevant amount shown in connection with a Significant Acquisition. If, on any the column in Section 2.4(a) headed “Fee for L/Cs and Margin for LIBOR and Silver Advances.” A fee shall be payable for Silver Advances at the Silver Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that period. (8) The Agent shall distribute interest and fees for the Credit to applicable Silver Advance Period plus the Lenders based on their respective Applicable Percentagesrelevant amount shown in the column in Section 2.4(a) headed “Fee for L/Cs and Margin for LIBOR and Silver Advances.”

Interest Rates and Fees. (1) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX SOFR Advances and the rates for calculation of B/A Fees, L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Ratio (the "Ratio") as follows: Less than 1.00 to 1 2.00% 3.00% 0.750% Greater than or equal to 1.00 to 1 but less than 2.00 to 1 2.50% 3.50% 0.875% Greater than or equal to 2.00 to 1 but less than 3.00 to 1 3.00% 4.00% 1.000% Greater than or equal to 3.00 to 1 3.50% 4.50% 1.125% All rates (the "Rates") in the table represent rates per annum. To the full extent permitted by law, each of the Rates specified above, other than the standby fees, shall be increased by 2% per annum if an Event of Default has occurred and is continuing. (2) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate shown under "Prime Rate and Base Rate Advances" in the table in Section 2.6(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, SOFR plus the relevant Rate shown under "Other Advances" in that table. The rate for calculation of B/A Fees and L/C Fees shall be the relevant Rate shown under "Other Advances" in that table. (3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(1) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 5.8(3). The Borrower shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay interest on each SOFR Advance on the last day of the applicable SOFR Period and, if the SOFR Period is longer than three months, every three months after the date of the relevant SOFR Advance. The Borrower shall pay L/C Fees quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. (4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "Standby Fee" in the table. The standby fee shall be calculated daily beginning on the date of this Agreement and shall be payable quarterly in arrears on the first Business Day of each of the Borrower's fiscal quarters. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees. (5) On the 45th day after the end of the first, second and third fiscal quarters of each fiscal year of the Borrower and on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. Any modification of any Rate will not give rise to adjustments to B/A Fees previously calculated. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisition. If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that period. (8) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.

Interest Rates and Fees. (1) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX LIBOR Advances and the rates for calculation of B/A Fees and L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Ratio (the "Ratio") as follows: Less than 1.00 to 1 2.00% 3.00% 0.750% Greater than or equal to 1.00 2.50 to 1 but less than 2.00 to 1 2.502.75 % 3.503.75 % 0.8751.02 % Greater than or equal to 2.00 to 1 but less than 3.00 2.50 to 1 3.002.25 % 4.003.25 % 1.0000.89 % Greater than or equal to 3.00 1.50 to 1 3.50but less than 2.00 to 1 2.00 % 4.503.00 % 1.1250.82 % Less than 1.50 to 1 1.75 % 2.75 % 0.75 % All rates (the "Rates") figures in the table represent rates per cent per annum. To the full extent permitted by law, each Each of the Rates amounts specified above, other than the standby fees, shall be increased by 2% per annum if an Event of a Default has occurred and is continuing. If a Default is disclosed by a Compliance Certificate, any increase shall be applied beginning as of the end of the fiscal period to which the Compliance Certificate relates. (2) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate figure shown under "“Prime Rate and Base Rate Advances" ” in the table in Section 2.6(12.5(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR LIBOR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, LIBO Rate plus the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of B/A Fees and L/C Fees shall be the relevant Rate figure shown under "“Other Advances" ” in that table. (3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(12.5(1) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 5.8(3). The Borrower shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrower shall pay L/C Fees quarterly in arrears on the first Business last Banking Day of each of the Borrower's ’s fiscal quarters. (4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "“Standby Fee" ” in the table. The standby fee shall be calculated daily beginning on the date of this Agreement 24 March 2010 and shall be payable quarterly in arrears on the first Business last Banking Day of each of the Borrower's ’s fiscal quarters, with the first payment to be made on 31 March 2010. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees. (5) On Any increase or decrease in the 45th day after interest rates and fees resulting from a change in the end Total Net Debt Ratio shall be effective as of the first, second and third fiscal quarters of each fiscal year date on which a Compliance Certificate concerning the calculation of the Borrower ratio was due, except that if a Compliance Certificate is late, any resulting decrease shall be effective only as of the date that a satisfactory Compliance Certificate is actually received by the Agent. Interest rates and fees shall initially be established based on the 90th day after Compliance Certificate delivered under Section 4.1(2)(b). B/A Fees paid before the end effective date of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates an increase or decrease will not be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratioadjusted. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisition. If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that period. (8) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.

Interest Rates and Fees. (1a) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances BA Equivalent Loans and XXXX LIBOR Advances and the rates for calculation of B/A Fees and L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Leverage Ratio (the "Ratio") as follows: Less Greater than 1.00 or equal to 2.00 to 1 2.002.25 % 3.003.25 % 0.7502.17 % 3.25 % 0.8125 % Greater than or equal to 1.00 to 1 but less than 2.00 to 1 2.502.00 % 3.503.00 % 0.8752.00 % Greater 3.00 % 0.75 % Less than or equal to 2.00 1.00 to 1 but less than 3.00 to 1 3.001.75 % 4.002.75 % 1.0001.83 % Greater than or equal to 3.00 to 1 3.502.75 % 4.50% 1.1250.6875 % All rates (the "Rates") figures in the table represent rates per cent per annum. To the full extent permitted by law, each Each of the Rates amounts specified above, other than the standby fees, shall be increased by 2% per annum if an Event of a Default has occurred and is continuing. If a Default is disclosed by a Compliance Certificate, any increase shall be applied beginning as of the end of the fiscal period to which the Compliance Certificate relates. (2b) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate figure shown under "“Prime Rate and Base Rate Advances" ” in the table in Section 2.6(12.5(a). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR LIBOR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, LIBO Rate plus the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of LB/C A Fees shall be the relevant Rate figure shown under "“Other Advances" ” in that table. The rate for calculation of LC Fees for financial Letters of Credit shall be the relevant figure shown under “LC Fee (financial L/C)” in that table. The rate for calculation of LC Fees for performance Letters of Credit shall be the relevant figure shown under “LC Fee (performance L/C)” in that table. (3c) The Borrower Borrowers shall pay interest and fees at the applicable rate specified in Section 2.6(12.5(a) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 6.9(c). The Borrower Borrowers shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower Borrowers shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrowers shall pay L/C Fees quarterly in arrears on the first Business Banking Day of following each of the Borrower's HudBay’s fiscal quarters. (4d) The Borrower Borrowers shall pay a standby fee on the daily unadvanced portions of the Credit (calculated without regard to Swingline Advances) at a Rate rate that shall be adjusted based on the Total Net Debt Leverage Ratio and that shall be as specified under "“Standby Fee" ” in the tabletable in Section 2.5(a). The standby fee shall be calculated daily beginning on the date of this Agreement hereof and shall be payable quarterly in arrears on the first Business Banking Day of following each of the Borrower's HudBay’s fiscal quarters, with the first payment to be made on January 1, 2011. On final payment of the Obligations, the Borrower Borrowers shall also pay any accrued but unpaid standby fees. (5e) On Any increase or decrease in the 45th day after interest rates and fees resulting from a change in the end Leverage Ratio shall be effective as of the first, second and third fiscal quarters of each fiscal year of the Borrower and date on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "Rate Determination Date"), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "Significant Acquisition") and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to concerning the calculation of the ratio was due, except that if a Compliance Certificate is late, any resulting decrease shall be effective only as of the date that a satisfactory Compliance Certificate is actually received by the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition . Interest rates and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will fees shall initially be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying established based on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisitiondelivered under Section 5.1(c)(iii). If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished B/A Fees paid before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery effective date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that periodan increase or decrease will not be adjusted. (8) f) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages. All interest payments in respect of a Swingline Advance shall be solely for the account of the Swingline Lender.

Interest Rates and Fees. (1) Interest rates on Prime Rate Advances, Base Rate Advances, XXXXX Advances and XXXX LIBOR Advances and the rates for calculation of B/A Fees, L/C Fees and standby fees shall be determined and adjusted based on the Total Net Debt Ratio (the "“Ratio"”) as follows: Less than 1.00 to 1 2.001.50% 3.002.50% 0.7500.6250% Greater than or equal to 1.00 to 1 but less than 1.50 to 1 1.75% 2.75% 0.6875% Greater than or equal to 1.50 to 1 but less than 2.00 to 1 2.502.00% 3.503.00% 0.8750.7500% Greater than or equal to 2.00 to 1 but less than 3.00 2.50 to 1 3.002.25% 4.003.25% 1.0000.8125% Greater than or equal to 3.00 2.50 to 1 2.50% 3.50% 4.50% 1.1250.8750% All rates (the "“Rates"”) in the table represent rates per annum. To the full extent permitted by law, each of the Rates specified above, other than the standby fees, shall be increased by 2% per annum if an Event of Default has occurred and is continuing. (2) Interest shall accrue and be payable on Prime Rate Advances and Base Rate Advances at the Prime Rate and or the Base Rate, respectively, plus the relevant Rate shown under "“Prime Rate and Base Rate Advances" ” in the table in Section 2.6(1). Interest shall accrue and be payable on Xxxx XXXXX Advances, Daily Compounded XXXXX Advances and SOFR LIBOR Advances at the Adjusted Term XXXXX, the Adjusted Daily Compounded XXXXX and the Adjusted Term SOFR, respectively, LIBO Rate plus the relevant Rate shown under "“Other Advances" ” in that table. The rate for calculation of B/A Fees and L/C Fees shall be the relevant Rate shown under "“Other Advances" ” in that table. (3) The Borrower shall pay interest and fees at the applicable rate specified in Section 2.6(1) to the Agent at the Branch of Account on Advances outstanding from time to time, except that the B/A Fee for any B/A shall be paid by each Lender deducting the B/A Fee from the proceeds of the B/A remitted to the Agent pursuant to Section 5.8(3). The Borrower shall pay interest on Prime Rate Advances, Advances and Base Rate Advances, XXXXX Advances and SOFR Advances on each Interest Payment Date. The Borrower shall pay interest on each LIBOR Advance on the last day of the applicable LIBOR Period and, if the LIBOR Period is longer than three months, every three months after the date of the relevant LIBOR Advance. The Borrower shall pay L/C Fees quarterly in arrears on the first Business Banking Day of each of the Borrower's ’s fiscal quarters. (4) The Borrower shall pay a standby fee on the daily unadvanced portions of the Credit at a Rate that shall be adjusted based on the Total Net Debt Ratio and that shall be as specified under "“Standby Fee" ” in the table. The standby fee shall be calculated daily beginning on the date of this Agreement and shall be payable quarterly in arrears on the first Business Banking Day of each of the Borrower's ’s fiscal quarters. On final payment of the Obligations, the Borrower shall also pay any accrued but unpaid standby fees. (5) On the 45th day after the end of the first, second and third fiscal quarters of each fiscal year of the Borrower and on the 90th day after the end of the fourth fiscal quarter of each fiscal year of the Borrower (the "“Rate Determination Date"”), the Rates will be modified, if necessary, and determined by the Agent on the basis of the Ratio in effect on the last day of such quarter, and, for any day until the next Rate Determination Date, each such Rate will be as indicated in the row corresponding to the applicable Ratio, provided that from the date of this Agreement until the first Rate Determination Date falling after the date of this Agreement, the Rates will be calculated based on the Compliance Certificate delivered under Section 4.1(2)(d). Any modification of any Rate will not give rise to adjustments to B/A Fees previously calculated. (6) In addition, a Rate Determination Date will be deemed to occur on the first Business Day of any month following the closing of an acquisition contemplated by Section 7.5(4)(c)(v) (a "“Significant Acquisition"”) and the Rates will be modified, if necessary, and determined by the Agent based on the Ratio in effect on the last day of the most recently completed fiscal quarter of the Borrower in respect of which a Compliance Certificate has previously been delivered to the Agent, with such Ratio being calculated after giving effect to such Significant Acquisition and any previous Significant Acquisition not taken into account in such Compliance Certificate. For any day until the next Rate Determination Date on which the Rates will be determined on the basis of a Ratio giving effect to any such acquisition, each such Rate will be as indicated in the column corresponding to such Ratio. (7) On each Rate Determination Date, the Agent will be entitled to calculate the Rates relying on the Compliance Certificate furnished in respect of the Borrower for the applicable quarter or in connection with a Significant Acquisition. If, on any Rate Determination Date, the Agent has not yet received such Compliance Certificate, the Rates in effect until the earlier of (i) receipt of a satisfactory Compliance Certificate in respect of such quarter or Significant Acquisition, and (ii) the next Rate Determination Date will be as if the Ratio was greater than or equal to 2.50 to 1. If such Compliance Certificate is furnished before the next Rate Determination Date, then the Agent will calculate the Rates for each day of the period from the delivery date of the Compliance Certificate until the next Rate Determination Date as if such delivery date was the Rate Determination Date applicable to that period. (8) The Agent shall distribute interest and fees for the Credit to the Lenders based on their respective Applicable Percentages.