SPECIFIED ACQUISITION LOAN JOINDER by and among CASELLA WASTE SYSTEMS, INC., and its Subsidiaries (other than Excluded Subsidiaries and the Non-Borrower Subsidiaries), as the Borrowers, THE SPECIFIED ACQUISITION LOAN LENDERS PARTY HERETO and BANK OF...Specified Acquisition Loan Joinder • July 3rd, 2023 • Casella Waste Systems Inc • Refuse systems • New York
Initially, the Applicable Rate shall be determined based on Pricing Level II. Thereafter, each increase or decrease in the Applicable Rate resulting from a change in the Consolidated Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.04(c); provided, however, that if a Compliance Certificate is not delivered within ten (10) days after the time periods specified in such Section 6.04(c), then Pricing Level V (as set forth in the table above) shall apply as of the first Business Day thereafter, subject to prospective adjustment upon actual receipt of such Compliance Certificate. The Applicable Rate with respect to Term SOFR Loans, Base Rate Loans and Letters of Credit is referred to herein as the “Applicable Interest Rate Percentage” and the Applicable Rate with respect to the Commitment Fee is referred to herein as the “Applicable Commitment Fee Percentage”.
