Common use of TIBO Rate Advances Clause in Contracts

TIBO Rate Advances. If such Advance is a TIBO Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the TIBO Rate for such Interest Period plus the Applicable TIBOR Margin, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable TIBOR Margin” means, in respect of any TIBO Rate Advance, a rate per annum determined as of the first day of the Interest Period for such TIBO Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the applicable Borrower at such time; provided, however, that for any period during any Interest Period when the aggregate outstanding Dollar Amount of Advances for any Bank exceeds 50% of the amount of such Bank’s Commitment, the “Applicable TIBOR Margin” for such Bank shall be a rate per annum determined with reference to the credit ratings in effect as of the first day of such Interest Period in reference to the rates under the column “Applicable TIBOR Margin:> 50% Usage” set forth below: Credit Rating Applicable TIBOR Margin (rate per annum) Applicable TIBOR Margin:> 50% Usage (rate per annum) AA- or better (S&P) or Aa3 or better (Mxxxx’x) 0.10% 0.15% Below AA- (S&P) and Aa3 (Mxxxx’x) but A- or better (S&P) or A3 or better (Mxxxx’x) 0.19% 0.24% Below A- (S&P) and A3 (Mxxxx’x) but BBB+ or better (S&P) or Baa1 or better (Mxxxx’x) 0.27% 0.37% Below BBB+ (S&P) and Baa1 (Mxxxx’x) but BBB or better (S&P) or Baa2 or better (Mxxxx’x) 0.35% 0.45% Below BBB (S&P) and Baa2 (Mxxxx’x) or unrated 0.50% 0.625%

TIBO Rate Advances. If such Advance is a TIBO Rate Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the TIBO Rate for such Interest Period plus the Applicable TIBOR Margin, payable on the last day of such Interest Period (or, with respect to any portion thereof that shall be prepaid pursuant to Section 2.09 or otherwise in accordance with the terms of this Agreement, on the date of such prepayment) and, if such Interest Period has a duration of more than three months, on the day which occurs during such Interest Period three months from the first day of such Interest Period. “Applicable TIBOR Margin” means, in respect of any TIBO Rate Advance, a rate per annum determined as of the first day of the Interest Period for such TIBO Rate Advance in reference to the table set forth below on the basis of the Credit Ratings of the applicable Borrower at such time; provided, however, that for any period during any Interest Period when the aggregate outstanding Dollar Amount of Advances for any Bank exceeds 50% of the amount of such Bank’s Commitment, the “Applicable TIBOR Margin” for such Bank shall be a rate per annum determined with reference to the credit ratings in effect as of the first day of such Interest Period in reference to the rates under the column “Applicable TIBOR Margin:> : > 50% Usage” set forth below: Credit Rating Applicable TIBOR Margin (rate per annum) Applicable TIBOR Margin:> : > 50% Usage (rate per annum) AA- or better (S&P) or Aa3 or better (Mxxxx’xXxxxx’x) 0.100.14% 0.150.19% Below AA- (S&P) and Aa3 (Mxxxx’xXxxxx’x) but A- or better (S&P) or A3 or better (Mxxxx’xXxxxx’x) 0.190.17% 0.240.22% Below A- (S&P) and A3 (Mxxxx’xXxxxx’x) but BBB+ or better (S&P) or Baa1 or better (Mxxxx’xXxxxx’x) 0.270.525% 0.370.65% Below BBB+ (S&P) and Baa1 (Mxxxx’x) but BBB or better (S&P) or Baa2 or better (Mxxxx’x) 0.35% 0.45% Below BBB (S&P) and Baa2 (Mxxxx’xXxxxx’x) or unrated 0.500.625% 0.6250.75%