100,000,000 Revolving Loan AMENDED AND RESTATED CREDIT AGREEMENT dated as of July 3, 2008 Among ION GEOPHYSICAL CORPORATION, ION INTERNATIONAL S.À R.L. The Guarantors Party Hereto, The Lenders Party Hereto, HSBC BANK USA, N.A., as Administrative...Credit Agreement • July 8th, 2008 • Ion Geophysical Corp • Measuring & controlling devices, nec • New York
Each change in the Applicable Margin shall take effect on each date on which such financial statements and Compliance Certificate are required to be delivered pursuant to Section 5.01, commencing with the date on which such financials statements and Compliance Certificate are required to be delivered for the four-quarter period ending June 30, 2008. Notwithstanding the foregoing, for the period from the Effective Date through the receipt of financial statements and Compliance Certificate are required to be delivered pursuant to Section 5.01 for the fiscal quarter ended June 30, 2008, the Applicable Margin shall be determined at Level I. In the event that any financial statement delivered pursuant to Section 5.01 is shown to be inaccurate when delivered (regardless of whether this Agreement or the Revolving Loan Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period
