Interest Rate Increase. The definition of “Interest Rate” set forth in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Interest Rate Increase. If, during a Transition Period, the Consolidated Debt to Consolidated EBITDA ratio exceeds 3.50 to 1.00, as evidenced by an Officer’s Certificate delivered pursuant to Section 7.2(a), the interest rate otherwise applicable to the Notes shall be increased by 0.25% per annum, commencing on the first day of the first fiscal quarter following the fiscal quarter in respect of which such Officer’s Certificate was delivered and continuing until the Company has provided an Officer’s Certificate pursuant to Section 7.2(a) demonstrating that, as of the end of the fiscal quarter in respect of which such Certificate is delivered, the Consolidated Debt to Consolidated EBITDA ratio is not more than 3.50 to 1.00. Following delivery of an Officer’s Certificate demonstrating that the Consolidated Debt to Consolidated EBITDA ratio did not exceed 3.50 to 1.00, the additional 0.25% per annum interest shall cease to accrue or be payable for any fiscal quarter subsequent to the fiscal quarter in respect of which such Officer’s Certificate is delivered (subject to the occurrence of another Transition Period to which the first sentence of this Section 1.2(b) would apply).
Interest Rate Increase. The definitions of Revolving Credit Base Rate Margin, Revolving Credit Eurodollar Margin, Term Loan Base Rate Margin, and Term Loan Eurodollar Margin, as set forth in Section 1.1 of the Loan Agreement, are hereby amended to read in full as follows:
Interest Rate Increase. If the Company does not pay the Principal Amount and any and all accrued but unpaid interest by the Maturity Date, then the Interest Rate shall increase from 12% to 15% from the Maturity Date onwards.
Interest Rate Increase. Notwithstanding the provisions of paragraph 1A, 1B, 1C, 1D, 1E or 1F of this Agreement or the terms contained in any Note, if at any time during an Acquisition Adjustment Period the Leverage Ratio is greater than 5.25 to 1.00, then, in addition to any Excess Leverage Fee that may be payable pursuant to paragraph 5R(1) or any RBC Fee that may be payable pursuant to paragraph 5R(2), the rate of interest on each Note shall be increased by adding 0.25% to the rate of interest set forth in such Note. The payment of interest at such increased rate shall not constitute a waiver of any Default or Event of Default and the increased rate of interest on each Note resulting from any such increase shall be considered to be the coupon rate for such Note for the purposes of determining the Default Rate.”
Interest Rate Increase. If an Event of Default occurs and is continuing 30 days after such Event of Default, the Interest Rate shall automatically increase from 20% per annum to 24.0% per annum on any remaining outstanding principal under this Note. Upon any cure of an Event of Default, the Interest Rate shall revert to the Interest Rate on the first Business Day of the calendar month following the date of such cure.
Interest Rate Increase. In the event that (i) the Exchange Offer Registration Statement is not filed with the Commission on or prior to 90 days following the Closing Date, (ii) the Exchange Offer Registration Statement is not declared effective on or prior to 150 days following the Closing Date or (iii) the Exchange Offer is not Consummated on or prior to 180 days following the Closing Date or the Shelf Registration Statement is not declared effective on or prior to 180 days following the Closing Date, the interest rate borne by the Notes shall be increased by one-quarter of one percent per annum (a) following such 90-day period in the case of (i) above, (b) following such 150-day period in the case of clause (ii) above, (c) following such 180-day period, as applicable, in the case of clause (iii) above and (d) following each such subsequent 90-day period in the case of clauses (i), (ii) and (iii) above; provided that the aggregate increase in such interest rate shall in no event exceed one percent per annum. Upon (x) the filing of the Exchange Offer Registration Statement in the case of clause (i) above, (y) the effectiveness of the Exchange Offer Registration Statement in the case of clause (ii) above or (z) the day before the date of the Consummation of the Exchange Offer or the effectiveness of the Shelf Registration Statement, as the case may be, in the case of clause (iii) above, the interest rate borne by the Notes on the date of such filing, effectiveness or day before the date of Consummation, as the case may be, shall be reduced by the amount that resulted from such failure to file, failure to be declared effective, or failure to consummate, as the case may be; provided, that if after any reduction in interest rate, a different event specified in clauses (i), (ii) or (iii) above occurs, the interest rate may again be increased pursuant to the provisions of this Section 5. Any amount of interest due pursuant to this Section 5 shall be payable in cash on the Interest Payment Date.
Interest Rate Increase. From and after the Amendment Effective Date, all LIBOR Loans under the Credit Agreement shall bear interest at the Applicable LIBOR Rate in effect after giving effect to the amendments to the Credit Agreement described below (which interest rate shall remain in effect notwithstanding any occurrence of a Forbearance Termination Date).
Interest Rate Increase. In the event that (i) the Exchange Offer Registration Statement is not filed with the Commission on or prior to 45 days following the Closing Date, (ii) the Exchange Offer Registration Statement is not declared effective on or prior to 120 days following the Closing Date or (iii) the Exchange Offer is not Consummated on or prior to 150 days following the Closing Date or the Shelf Registration Statement is not declared effective on or prior to 150 days following the Closing Date, the interest rate borne by the Notes shall be increased by one-quarter of one percent per annum (a) following such 45-day period in the case of (i) above, (b) following such 120-day period in the case of clause (ii) above, (c) following such 150-day period, as applicable, in the case of clause (iii) above and (d) following each such subsequent 90-day period in the case of clauses (i), (ii) and (iii) above; provided that the aggregate increase in such interest rate shall in no event exceed one percent
