FIRST AMENDED AND RESTATED CREDIT AGREEMENT Dated as of February 12, 2020 among ALLIED MOTION TECHNOLOGIES INC. and ALLIED MOTION TECHNOLOGIES B.V. as Borrowers, HSBC BANK USA, NATIONAL ASSOCIATION as Administrative Agent and The Other Lenders Party...Credit Agreement • February 13th, 2020 • Allied Motion Technologies Inc • Instruments for meas & testing of electricity & elec signals • New York
Any increase or decrease in the Applicable Rate resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then Pricing Level VI shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered, and shall apply until the date which is five Business Days after the Compliance Certificate is delivered, whereupon the applicable Pricing Level shall be determined based on the Leverage Ratio set forth in such Compliance Certificate. The Applicable Rate in effect on the Closing Date through the first Business Day immediately following the Compliance Certificate for the fiscal quarter ended December 31, 2019 will be based upon Pricing Level IV.
