Margin Changes; Adjustments for Margin Changes. (1) Changes in Applicable Pricing Rate shall be effective:
Margin Changes; Adjustments for Margin Changes. Changes in the Applicable Pricing Rate for the Credit Facilities shall be effective (without the necessity of any notice to any of the Borrowers) from and as of the day upon which the Canadian Borrower delivers a Compliance Certificate pursuant to Section 9.1(e)(iv) which evidences a change in the Senior Secured Debt to EBITDA Ratio that would result in a change in the level in the table set out in the definition of Applicable Pricing Rate that is applicable to the Credit Facilities; provided that, in the case of Benchmark Loans, such change will not be effective until the next Rollover or Conversion thereof after such change.
Margin Changes; Adjustments for Margin Changes. (a) The Applicable Pricing Margin shall be adjusted immediately and automatically upon any change in the S&P Rating and shall be made effective without the necessity of notice to the Borrower.
Margin Changes; Adjustments for Margin Changes. Changes in the Applicable Pricing Rate for the Revolving Credit Facilities shall be effective (without the necessity of any notice to any of the Borrowers) from and as of the day upon which the Borrower delivers a Compliance Certificate pursuant to Section 10.1(e)(iv) which evidences a change in the Senior Secured Debt to EBITDA Ratio that would result in a change in the level in the table set out in the definition of Applicable Pricing Rate that is applicable to the Revolving Credit Facilities; provided that, in the case of outstanding Bankers’ Acceptances or SOFR Loans, such change will not be effective until the next Rollover or Conversion thereof after such change.
Margin Changes; Adjustments for Margin Changes
