Under Tranche B Loan Commitment Sample Clauses

Under Tranche B Loan Commitment. With respect to any Advance under the Tranche B Loan Commitment, the Applicable Interest Rate Margin shall be (x) from the Agreement Date through June 30, 2000, 3.75% with respect to Eurodollar Advances and 2.25% with respect to Base Rate Advances, and (y) from June 30, 2000 and thereafter, the interest rate margin determined by the Agent based upon the Funded Debt/Adjusted EBITDA Ratio as of such fiscal quarter end, effective as of the second Business Day after the financial statements referred to in Section 6.2 hereof, and an accompanying certificate of an Authorized Signatory certifying the calculations of the Funded Debt/Adjusted EBITDA Ratio as set forth in Section 6.4 hereof, are delivered by the Borrower to the Agent and each Lender as of such fiscal quarter most recently ended, expressed as a per annum rate of interest as follows: Greater than or equal to 4.00 to 1.00 2.50% 4.00% Greater than or equal to 3.50 to 1.00 but less than 4.00 to 1.00 2.25% 3.75% Greater than or equal to 3.00 to 1.00 but less than 3.50 to 1.00 2.00% 3.50% Greater than or equal to 2.50 to 1.00 but less than 3.00 to 1.00 1.75% 3.25% Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00 1.50% 3.00% Less than 2.00 to 1.00 1.50% 3.00% In the event that the Borrower fails to timely provide the financial statements and certificate referred to above in accordance with the terms of Sections 6.2 and 6.4 hereof, and without prejudice to any additional rights under Section 8.2 hereof, no downward adjustment of the Applicable Interest Rate Margin in effect for the preceding quarter shall occur until the actual delivery of such financial statements and certificate.