Common use of LIBOR Advances Clause in Contracts

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a) hereunder. Subject to Sections 3.6 and 3.7, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash Flow, as reported to Bank in the Monthly Financial Statements, and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial Statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.7(a) hereunder. Subject to Sections 3.6 3.7 and 3.73.8, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowAdjusted EBITDA, as reported to Bank in the Monthly Financial StatementsBorrower’s financial statements provided pursuant to Section 6.2(a), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial Statementsfinancial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.6(a) hereunder. Subject to Sections 3.6 3.5 and 3.73.6, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowLiquidity, as reported to Bank in the Monthly Financial Statementsmost recent Compliance Certificate and financial statements provided pursuant to Section 6.2(d) and (e), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial StatementsCompliance Certificate and financial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.6(a) hereunder. Subject to Sections 3.6 3.5 and 3.73.6, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and accrued interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowLeverage Ratio, as reported to Bank in the Monthly Borrower’s Quarterly Financial StatementsStatements provided pursuant to Section 6.2(c), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Quarterly Financial Statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.7(a) hereunder. Subject to Sections 3.6 3.7 and 3.73.8, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowLeverage Ratio, as reported to Bank in the Monthly Financial StatementsBorrower’s financial statements provided pursuant to Section 6.2(d), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial Statementsfinancial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.4(a) hereunder. Subject to Sections 3.6 3.5 and 3.73.6, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowAdjusted Quick Ratio, as reported to Bank in the Monthly Financial StatementsBorrower’s financial statements provided pursuant to Section 6.2(a), and such LIBOR Rate Margin which determination shall be adjusted promptly made effective immediately upon each receipt of such Monthly Financial Statementsfinancial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.6(a) hereunder. Subject to Sections 3.6 3.5 and 3.73.6, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowAdjusted Quick Ratio, as reported to Bank in the Monthly Financial StatementsBorrower’s financial statements provided pursuant to Section 6.2(c), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial Statementsfinancial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.7(a) hereunder. Subject to Sections 3.6 3.7 and 3.73.8, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash FlowLeverage Ratio, as reported to Bank in the Monthly Financial StatementsBorrower’s financial statements provided pursuant to Section 6.2(c), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial Statementsfinancial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a3.6(a) hereunder. Subject to Sections 3.6 3.5 and 3.73.6, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s Borrowers’ most recent monthly Liquidity and quarterly Free Cash FlowLiquidity, as reported to Bank in the Monthly Financial Statementsmost recent Compliance Certificate and financial statements provided pursuant to Section 6.2(d) and (e), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial StatementsCompliance Certificate and financial statements.

LIBOR Advances. The interest rate applicable to each LIBOR Advance shall be determined in accordance with Section 3.5(a2.3(a)(i) hereunder. Subject to Sections 3.6 3.5 and 3.73.6, such rate shall apply during the entire Interest Period applicable to such LIBOR Advance, and interest calculated thereon shall be payable on the Interest Payment Date applicable to such LIBOR Advance. The LIBOR Rate Margin applicable to LIBOR Advances shall be determined on the basis of Borrower’s most recent monthly Liquidity and quarterly Free Cash Flowtrailing twelve (12) month EBITDA, as reported to Bank in the Monthly Financial StatementsBorrower’s financial statements provided pursuant to Section 6.2(c), and such LIBOR Rate Margin shall be adjusted promptly upon each receipt of such Monthly Financial Statementsfinancial statements.