Applicable Term SOFR Margin definition

Applicable Term SOFR Margin means, on any date for each Term SOFR Advance, means, on any date, a rate per annum equal to (i) 0.975% if on such date the Company’s outstanding Long-Term Indebtedness is rated A or higher by S&P, A2 or higher by Moody’s, or A or higher by Fitch,

Applicable Term SOFR Margin means at any date, in the case of each Term SOFR Loan that is a 2018 Incremental Term Loan, (i) at any date after the Tenth Amendment Effective Date but prior to the Fifteenth Amendment Effective Date, 1.75% per annum, and (ii) at any date on and after the Fifteenth Amendment Effective Date, 2.00% per annum.

Applicable Term SOFR Margin means, on any date for each Term SOFR Advance, means, on any date, a rate per annum equal to

Examples of Applicable Term SOFR Margin in a sentence

• If such Advance is a Term SOFR Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of Term SOFR for such Interest Period plus the Applicable Term SOFR Margin for such Interest Period, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day which occurs during such Interest Period every three months from the first day of such Interest Period.

• If there is any change in the relevant Applicable Term SOFR Margin during any quarter, the daily maximum amount of each Revolving Letter of Credit shall be computed and multiplied by the relevant Applicable Term SOFR Margin separately for each period during such quarter that such relevant Applicable Term SOFR Margin was in effect.

• If such Advance is a Term SOFR Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Term SOFR for such Interest Period plus the Applicable Term SOFR Margin for such Interest Period, payable in arrears on the last day of such Interest Period.

• If such Advance is a Term SOFR Advance, a rate per annum equal at all times during the Interest Period for such Advance to the sum of the Term SOFR for such Interest Period plus the Applicable Term SOFR Margin for such Interest Period, payable in arrears on the last day of such Interest Period.(b) Default Rate.

More Definitions of Applicable Term SOFR Margin

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

Applicable Term SOFR Margin means, at any date, with respect to each Term SOFR Loan that is a Tranche A Term Loan, Revolving Credit Loan or Swingline Loan, the applicable percentage per annum set forth below based upon the Status in effect on such date: Level I Status 2.125 % 2.125 % Level II Status 1.875 % 1.875 % Level III Status 1.625 % 1.625 % Level IV Status 1.375 % 1.375 % Level V Status 1.250 % 1.250 %

Applicable Term SOFR Margin appearing in Section 1.1 of the Credit Agreement is hereby amended by deleting said definition in its entirety and inserting a new definition in lieu thereof as follows:

Applicable Term SOFR Margin has the meaning specified in Section 2.10(b).

Applicable Term SOFR Margin means at any date, (i) in the case of each Term SOFR Loan that is an Initial Term B Loan, 4.50% per annum, (ii) in the case of each Term SOFR Loan that is an Initial Term C Loan, 4.50% per annum, and (iii) in the case of each Term SOFR Loan that is a Revolving Loan, (x) prior to the delivery of the Section 9.1 Financials and the related Officer’s Certificate for the first full fiscal quarter commencing on or after the Closing Date pursuant to Section 9.1, 3.50% per annum, and

Applicable Term SOFR Margin means at any date, (i) prior to the Amendment No. 2 Effective Date, (x) in the case of each Term SOFR Loan that is an Initial Term B Loan, 4.50% per annum and (y) in the case of each Term SOFR Loan that is an Initial Term C Loan, 4.50% per annum, (ii) on and after the Amendment No. 2 Effective Date, (x) in the case of each Term SOFR Loan that is an Initial Term B Loan, 3.50% per annum and (y) in the case of each Term SOFR Loan that is an Initial Term C Loan, 3.50% per annum, and (iii) in the case of each Term SOFR Loan that is a Revolving Loan, (x) prior to the delivery of the Section 9.01 Financials and the related Officer’s Certificate for the first full fiscal quarter commencing on or after the Closing Date pursuant to Section 9.01, 3.50% per annum, and (y) thereafter, the percentages per annum set forth in the applicable table below, based upon the Consolidated First Lien Net Leverage Ratio as set forth in the most recent Officer’s Certificate received by the Administrative Agent in connection with the Section 9.01 Financials: Pricing Level Consolidated First Lien Net Leverage Ratio Level Term SOFR: Revolving Credit Loan I Less than or equal to (x) as of any date of determination that is prior to the Q2 2024 Financials Date, 1.00:1.00 and (y) as of any date of determination that is on or after the Q2 2024 Financials Date, 2.00:1.00. 3.00% II Greater than (i)(x) as of any date of determination that is prior to the Q2 2024 Financials Date, 1.00:1.00 and (y) as of any date of determination that is on or after the Q2 2024 Financials Date, 2.00:1.00, but (ii) less than or equal to (x) as of any date of determination that is prior to the Q2 2024 Financials Date, 1.50:1.00 and (y) as of any date of determination that is on or after the Q2 2024 Financials Date, 2.50:1.00. 3.25% III Greater than (x) as of any date of determination that is prior to the Q2 2024 Financials Date, 1.50:1.00 and (y) as of any date of determination that is on or after the Q2 2024 Financials Date, 2.50:1.00. 3.50% (iv) on and after the Amendment No. 3 Effective Date, in the case of each Term SOFR Loan that is a 2024-1 Incremental Term B Loan (x) prior to the delivery of Section 9.01 Financials and the related Officer’s Certificate for the first full fiscal quarter commencing on or after the Amendment No. 3 Effective Date pursuant to Section 9.01, 2.50% per annum, and (y) thereafter, the percentages per annum set forth in the applicable table below under the heading “Term SOFR 2024-1 In...

Applicable Term SOFR Margin means at any date, (i) prior to the Amendment No. 2 Effective Date, (x) in the case of each Term SOFR Loan that is an Initial Term B Loan, 4.50% per annum, and (iiy) in the case of each Term SOFR Loan that is an Initial Term C Loan, 4.50% per annum, (ii) on and after the Amendment No. 2 Effective Date, (x) in the case of each Term SOFR Loan that is an Initial Term B Loan, 3.50% per annum and (y) in the case of each Term SOFR Loan that is an Initial Term C Loan, 3.50% per annum, and (iii) in the case of each Term SOFR Loan that is a Revolving Loan,