Amendment No. 4 to Third Amended and Restated Loan and Security AgreementLoan and Security Agreement • April 27th, 2022 • Americas Carmart Inc • Retail-auto dealers & gasoline stations • Illinois
For purposes hereof, the term “Pricing Date” means, for any Fiscal Quarter of the Borrowers ending on or after October 31, 2019, the date on which the Agent is in receipt of the most recent financial statements (and, in the case of year-end financial statements, audit report) for the Fiscal Quarter then ended, pursuant to Section 10.1.2. The Applicable Margin shall be established based on the Leverage Ratio for the most recently completed Fiscal Quarter and the Applicable Margin established on a Pricing Date shall remain in effect until the next Pricing Date. If the Borrowers have not delivered their financial statements by the date such financial statements (and, in the case of the year-end financial statements, audit report) are required to be delivered under Section 10.1.2, until such financial statements and audit report are delivered, the Applicable Margin shall be the highest Applicable Margin (i.e., Level IV shall apply). If the Borrowers subsequently deliver such financial stat
