Common use of Adjustment of Interest Rate Clause in Contracts

Adjustment of Interest Rate. If the agreed upon interest rate margin (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders participating in such increase in the Term Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) applicable to any increase in the Term Facility exceeds the Applicable Rate (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders on the Closing Date, which shall be allocated to the Term Facility on a pro-rata basis) relating to the Term Facility by more than 0.50%, the Applicable Rate (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders on the Closing Date, which shall be allocated to the Term Facility on a pro-rata basis) relating to the Term Facility shall be increased to the applicable interest rate margin (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders participating in such increase in the Term Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) for such increase in the Term Facility minus 0.50%.

Adjustment of Interest Rate. If the agreed upon interest rate margin (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders participating in such increase in the Term Revolving Credit Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) applicable to any increase in the Term Revolving Credit Facility exceeds the Applicable Rate (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders on the Closing Date, which shall be allocated to the Term Revolving Credit Facility on a pro-rata basis) relating to the Term Revolving Credit Facility by more than 0.50%, the Applicable Rate (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders on the Closing Date, which shall be allocated to the Term Revolving Credit Facility on a pro-rata basis) relating to the Term Revolving Credit Facility shall be increased to the applicable interest rate margin (which, for such purposes only, shall be deemed to include 25% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders participating in such increase in the Term Revolving Credit Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) for such increase in the Term Revolving Credit Facility minus 0.50%.

Adjustment of Interest Rate. If a Rating Condition exists on a Revolving Credit Increase Effective Date and if the agreed upon interest rate margin (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders participating in such increase in the Term Revolving Credit Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) applicable to any increase in the Term Revolving Credit Facility exceeds the Applicable Rate (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders on the Closing Date, which shall be allocated to the Term Revolving Credit Facility on a pro-rata basis) relating to the Term Revolving Credit Facility by more than 0.50%, the Applicable Rate (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders on the Closing Date, which shall be allocated to the Term Revolving Credit Facility on a pro-rata basis) relating to the Term Revolving Credit Facility shall be increased to the applicable interest rate margin (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Revolving Credit Lenders participating in such increase in the Term Revolving Credit Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) for such increase in the Term Revolving Credit Facility minus 0.50%.

Adjustment of Interest Rate. If a Rating Condition exists on an Term Increase Effective Date and if the agreed upon interest rate margin (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders participating in such increase in the Term Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) applicable to any increase in the Term Facility exceeds the Applicable Rate (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders on the Closing Date, which shall be allocated to the Term Facility on a pro-rata basis) relating to the Term Facility by more than 0.50%, the Applicable Rate (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders on the Closing Date, which shall be allocated to the Term Facility on a pro-rata basis) relating to the Term Facility shall be increased to the applicable interest rate margin (which, for such purposes only, shall be deemed to include 2520% of all upfront or similar fees or original issue discount payable to all Term Facility Lenders participating in such increase in the Term Facility, as reasonably determined by the Administrative Agent after consultation with the Borrower) for such increase in the Term Facility minus 0.50%.