FIRST AMENDMENT AND WAIVER TO CREDIT AGREEMENTCredit Agreement • December 14th, 2006 • Corel Corp • Services-prepackaged software • New York
The Applicable Percentage for Revolving Loans and Swingline Loans shall be adjusted, on and after the first Adjustment Date (as defined below) occurring after the completion of one full fiscal quarter of Corel after the First Amendment Effective Date and on each subsequent Adjustment Date, based on changes in the Total Leverage Ratio, with such adjustments to become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which the relevant financial statements are delivered to the Lenders pursuant to Section 5.04(a) and (b) and to remain in effect until the next adjustment to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 5.04(a) and (b), then, until the date that is three Business Days after the date on which such financial statements are delivered, the highest rate set forth in each column of the Pricing Grid shall apply. On each Adjustment Date, t
