Amendment to Section 1.02 – Certain Defined Terms Clause Samples
Amendment to Section 1.02 – Certain Defined Terms. 3.1 The following definitions are hereby amended and restated in their entirety to read as follows:
Amendment to Section 1.02 – Certain Defined Terms. (a) The definition of “Applicable Margin” is hereby amended by amending and restating the Borrowing Base Utilization Grid therein to read as follows: Borrowing Base Utilization Percentage <25.0 % ³25.0<50.0 % % ³50.0<75.0 % % ³75.0<90.0 % % ³90.0 % Eurodollar Loans 1.500 % 1.750 % 2.000 % 2.225 % 2.500 % ABR Loans 0.500 % 0.750 % 1.000 % 1.250 % 1.500 % Commitment Fee Rate 0.375 % 0.375 % 0.500 % 0.500 % 0.500 % Section 3. Amendments to the Credit Agreement.