Common use of Margin adjustments Clause in Contracts

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements under Sections 7.1(a) and 7.1(b) and the Covenant Compliance Report under Section 7.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrower fails timely to deliver the Financial Statements required under Section 7.1(a) or 7.1(b) or the Covenant Compliance Report under Section 7.2(a), then from the date delivery of such Financial Statements and certificate was required until such Financial Statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto as Schedule 1.1. (b) From the Effective Date until the receipt of Borrower’s Financial Statements for the fiscal quarter ending December 31, 2006, the margins and fee percentages shall be those set forth under the Level III column of the Pricing Matrix attached hereto as Schedule 1.1.

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements financial statements under Sections 7.1(a8.1(a) and 7.1(b8.1(b) and the Covenant Compliance Report Certificate under Section 7.2(a8.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrower Autocam fails timely to deliver the Financial Statements financial statements required under Section 7.1(a8.1(a) or 7.1(b8.1(b) or the Covenant Compliance Report Certificate under Section 7.2(a8.2(a), then from the date delivery of such Financial Statements financial statements and certificate was required until such Financial Statements financial statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto to this Agreement as Schedule 1.1. (b) From the Effective Date until the receipt required date of Borrower’s Financial Statements delivery under Section 8.1(b) of Autocam's financial statements for the fiscal quarter ending December 31, 20061998, the margins and fee percentages shall be those set forth under the Level III column of the Pricing Matrix attached hereto to this Agreement as Schedule 1.1.

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements under Sections 7.1(a) and 7.1(b) and the Covenant Compliance Report under Section 7.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrower fails timely to deliver the Financial Statements required under Section 7.1(a) or 7.1(b) or the Covenant Compliance Report under Section 7.2(a), then from the date delivery of such Financial Statements and certificate was required until such Financial Statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto as Schedule 1.1. (b) From the Effective Restatement Date until the receipt of Borrower’s Financial Statements for the fiscal quarter ending December 31, 2006, the margins and fee percentages shall be those set forth under the Level III column of the Pricing Matrix attached hereto as Schedule 1.1.

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements financial statements under Sections 7.1(a8.1(a) and 7.1(b8.1(b) and the Covenant Compliance Report Certificate under Section 7.2(a8.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-claw- back. In the event Borrower fails the Borrowers fail timely to deliver the Financial Statements financial statements required under Section 7.1(a8.1(a) or 7.1(b8.1(b) or the Covenant Compliance Report Certificate under Section 7.2(a8.2(a), then from the date delivery of such Financial Statements financial statements and certificate was required until such Financial Statements financial statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto to this Agreement as Schedule 1.1. (b) From the Effective Date until the receipt under Section 8.1(b) of Borrower’s Financial Statements the Borrowers' financial statements for the fiscal quarter ending December 31, 2006September 30, the margins and fee percentages shall be those set forth under the Level III IV column of the Pricing Matrix attached hereto to this Agreement as Schedule 1.1.

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements to the Agent under Sections 7.1(a) and 7.1(b) and the Covenant Compliance Report Certificate under Section 7.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrower Holdings fails timely to deliver the Financial Statements required under Section 7.1(a) or 7.1(b) or the Covenant Compliance Report Certificate under Section 7.2(a), then from the date delivery to the Agent of such Financial Statements and certificate was required until such Financial Statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto to this Agreement as Schedule 1.1. (b) From the Effective Date until the receipt of Borrower’s Holdings' Financial Statements for the fiscal quarter ending December on or about October 31, 20062004, the margins and fee percentages shall be those set forth under the Level III IV column of the Pricing Matrix attached hereto to this Agreement as Schedule 1.1.

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements financial statements under Sections 7.1(a8.1(a) and 7.1(b8.1(b) and the Covenant Compliance Report Certificate under Section 7.2(a8.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrower Autocam fails timely to deliver the Financial Statements financial statements required under Section 7.1(a8.1(a) or 7.1(b8.1(b) or the Covenant Compliance Report Certificate under Section 7.2(a8.2(a), then from the date delivery of such Financial Statements financial statements and certificate was required until such Financial Statements financial statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto to this Agreement as Schedule 1.1. . (b) From the Effective Date until the receipt required date of Borrower’s Financial Statements delivery under Section 8.1(b) of Autocam's financial statements for the fiscal quarter ending December 31, 20061998, the margins and fee percentages shall be those set forth under the Level III column of the Pricing Matrix attached hereto to this Agreement as Schedule 1.1.

Margin adjustments. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Schedule 1.1 attached hereto, shall be implemented on a quarterly basis as follows: (a) Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the Financial Statements to the Agent under Sections 7.1(a) and 7.1(b) and the Covenant Compliance Report Certificate under Section 7.2(a) hereunder, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrower Holdings fails timely to deliver the Financial Statements required under Section 7.1(a) or 7.1(b) or the Covenant Compliance Report Certificate under Section 7.2(a), then from the date delivery to the Agent of such Financial Statements and certificate was required until such Financial Statements and certificate are delivered, the margins and fee percentages shall be at the highest level on the Pricing Matrix attached hereto to this Agreement as Schedule 1.1. (b) From the Effective Date until the receipt of Borrower’s Holdings's Financial Statements for the fiscal quarter ending December 31on November 3, 20062001, the margins and fee percentages shall be those set forth under the Level III column of the Pricing Matrix attached hereto to this Agreement as Schedule 1.1.