FOURTH AMENDMENT AGREEMENTFourth Amendment Agreement • October 31st, 2016 • Benefitfocus,Inc. • Services-prepackaged software
Notwithstanding the foregoing, (a) if the Borrowers fail to deliver a Transaction Report or other calculation of a component of Liquidity as required herein, the Applicable Margin shall be the rates corresponding to Level III in the foregoing tables until such Transaction Report and/or calculation is delivered, and (b) no reduction to the Applicable Margin shall become effective at any time when an Event of Default has occurred and is continuing.”
