FIRST AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • March 21st, 2012 • Olympic Steel Inc • Wholesale-metals service centers & offices • Illinois
Until January 1, 2012, margins shall be determined as if Level II were applicable and the Unused Line Fee Percentage shall be determined as if Level II were applicable. As of January 1, 2012 and thereafter until the First Amendment Date, the margins and the Unused Line Fee Percentage shall be subject to increase or decrease based on the Revolver Utilization as determined by Agent for the last Fiscal Quarter, which change shall be effective on the first day of the Fiscal Quarter immediately following such Fiscal Quarter; and
