Applicable SOFR Margin definition

Applicable SOFR Margin means, with respect to any SOFR Loans at any time, the percentage rate per annum specified as the “Applicable SOFR Margin” at such time, as determined pursuant to the Pricing Schedule.

Applicable SOFR Margin means the percent per annum equal to the amount set fmth under the applicable column opposite the Total Funded Debt to EBITDA ratio set faith below as shown on the last compliance certificate delivered to the Bank pursuant to the Loan Documents prior to such date: Level Total Funded Debt to EBITDA ratic Applicable SOFE Margin* I Less than 2.50 to 1.00 1.5% II Greater than or equal to 2.50 to 1.01 2.0% and less than 3.00 to 1.00 Ill Greater than or equal to 3.00 to 1.01 2.5% Form 8C-S (COJ)-Rev. 8/23 (SOFR Rl) 123962365-3

Applicable SOFR Margin means, with respect to each SOFR Loan, 8.00% per annum.

Examples of Applicable SOFR Margin in a sentence

• The Applicable SOFR Margin ranges from 1.5% to 2.5% depending on the Company’s funded debt to EBITDA ratio.

• The adjustment for the nine months ended June 30, 2023 and for the year ended September 30, 2022 is $1,014,405 and $1,491,694, respectively.The interest rate applicable to loans outstanding under the Term Loan is a floating interest rate equal to the sum of (A) the Term SOFR Rate (as defined in the Term Note) plus (B) an unadjusted spread of the Applicable SOFR Margin plus (C) a SOFR adjustment of ten basis points.

• Interest shall accrue and be payable on each SOFR Loan at a per annum interest rate equal to Adjusted Term SOFR applicable to such SOFR Loan plus the Applicable SOFR Margin (the “Applicable SOFR Rate”).

• Availability of funds under the Term Loan was conditioned upon the closing of the transactions contemplated by the Agreement and was used to fund a portion of the Transaction.The interest rate applicable to loans outstanding under the Term Loan is a floating interest rate equal to the sum of (A) the Term SOFR Rate (as defined in the Term Note) plus (B) an unadjusted spread of the Applicable SOFR Margin plus (C) a SOFR adjustment of ten basis points.

• Amounts outstanding under this Note will bear interest at a rate per annum which is equal to the sum of (A) Daily SOFR (as defined below) plus (B) an unadjusted spread of the Applicable SOFR Margin plus (C) a SOFR adjustment of ten (10) basis points (0.10%).

More Definitions of Applicable SOFR Margin

Applicable SOFR Margin means at any date, with respect to each SOFR Loan (i) for the Cash Option, 7.50% per annum and (ii) for the Cash/PIK Option, 8.50% per annum, consisting of (x) 1.50% per annum payable in cash (together with Adjusted Term SOFR) and (y) 7.00% per annum payable in kind. “Approved Fund” shall mean any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Asset Sale Prepayment Event” shall mean any Disposition under and pursuant to Section 10.4(b). “Assignment and Assumption” shall mean (a) an assignment and assumption substantially in the form of Exhibit I, or such other form as may be approved by the Administrative Agent and the Borrower and (b) in the case of any assignment of Term Loans in connection with a Permitted Debt Exchange conducted in accordance with Section 2.17, such form of assignment (if any) as may have been requested by the Administrative Agent in accordance with Section 2.17(a). “Auction Agent” shall mean (a) the Administrative Agent or (b) any other financial institution or advisor designated by Holdings, the Borrower or any Subsidiary thereof (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Permitted Debt Exchange pursuant to Section 2.17 or a Dutch auction pursuant to Section 13.6(g); provided that the Borrower shall not designate the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall be under no obligation to agree to act as the Auction Agent). “Authorized Officer” shall mean the President, the Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer, the Treasurer, any Assistant Treasurer, the Controller, any Vice President, with respect to certain limited liability companies or partnerships that do not have officers, any manager, managing member or general partner thereof, any other senior officer of Holdings, the Borrower or any other Credit Party designated as such in writing to the Administrative Agent by Holdings, the Borrower or such other Credit Party, as applicable from time to time, and, with respect to any document delivered on the Closing Date, the Secretary or any Assistant Secretary of any Credit Party. Any document delivered hereunder that is signed by an Authorized Officer shall be conclusively presumed to have been authorized by...

Applicable SOFR Margin means, with respect to each SOFR Loan that is a Tranche B-3 Term Loan, 10.00% per annum.

Applicable SOFR Margin means: