FIRST AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENT and SECOND AMENDMENT TO GUARANTY AND COLLATERAL AGREEMENT dated as of November 4, 2009 among HORNBECK OFFSHORE SERVICES, LLC and HORNBECK OFFSHORE TRANSPORTATION, LLC, AS BORROWERS, HORNBECK...Guaranty and Collateral Agreement • November 6th, 2009 • Hornbeck Offshore Services Inc /La • Water transportation • Texas
Any increase or decrease in the Applicable Margin under the grid set forth above with respect to ABR Loans, Eurodollar Loans, or the Commitment Fee Rate, as the case may be, 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 8.02(b); provided, however, that if a compliance certificate is not delivered when due in accordance with Section 8.02(b), then Pricing Level 5 shall apply as of the first Business Day after the date on which such compliance certificate was required to have been delivered until such compliance certificate is delivered to the Administrative Agent.”
