AMENDED AND RESTATED CREDIT FACILITY AGREEMENTCredit Facility Agreement • November 3rd, 2017 • Transcat Inc • Instruments for meas & testing of electricity & elec signals • New York
The Applicable Rate on the date of this Agreement shall be determined based upon the certificate of the Chief Financial Officer of Borrower delivered pursuant to Section 5.1(m). As of the date of this Agreement Level II is applicable. Commencing with the end of the quarter ending on or about September 30, 2017, changes, if any, in the Level applicable to Loans will be effective on the fifth Business Day following receipt of a Compliance Certificate showing a different level should be applied. In the event that any Compliance Certificate is not delivered by the date required, pricing will revert to Level I until the fifth (5th) day following the date of delivery of the delayed Compliance Certificate, at which time pricing will be adjusted to the applicable level shown by such Compliance Certificate. Upon the occurrence of a Default or Event of Default, the Applicable Rate shall immediately be adjusted to Level I and no reduction shall occur thereafter unless the Default or Event of Defa
