Leverage Based. Prior to Xxxxx’x, S&P or Fitch establishing a rating for the Index Debt, the applicable rate per annum set forth below under the caption “Eurodollar Spread”, “ABR Spread” or “Facility Fee Rate”, as the case may be, based upon the Leverage Ratio as set forth in the most recent compliance certificate received by the Administrative Agent pursuant to Section 5.01(d): Revolver Term Loan Facility Eurodollar ABR Eurodollar ABR Leverage Ratio Fee Rate Spread Spread Spread Spread ≤ 3.50 to 1.00 0.250 % 1.750 % 0.750 % 2.000 % 1.000 % > 3.50 to 1.00 but ≤ 4.25 to 1.00 0.350 % 1.900 % 0.900 % 2.250 % 1.250 % > 4.25 to 1.00 but ≤ 5.00 to 1.00 0.450 % 1.925 % 0.925 % 2.375 % 1.375 % > 5.00 to 1.00 0.550 % 2.200 % 1.200 % 2.750 % 1.750 % Any increase or decrease in the Applicable Rate resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a compliance certificate is delivered pursuant to Section 5.01(d); provided, however, that if a compliance certificate is not delivered when due in accordance with such Section, a Leverage Ratio > 5.00 to 1.00 shall apply as of the first Business Day after the date on which such compliance certificate was required to have been delivered.
Leverage Based. Prior to Mxxxx’x, S&P or Fitch establishing a rating for the Index Debt, the applicable rate per annum set forth below under the caption “Eurodollar Spread” or “Facility Fee Rate”, as the case may be, based upon the Leverage Ratio as set forth in the most recent compliance certificate received by the Administrative Agent pursuant to Section 5.01(d): Leverage Ratio Facility Fee Rate Eurodollar Spread £ 2.75 to 1.00 0.125 % 0.575 % > 2.75 to 1.00 but £ 3.25 to 1.00 0.150 % 0.650 % > 3.25 to 1.00 but £ 3.75 to 1.00 0.175 % 0.725 % > 3.75 to 1.00 but £ 4.25 to 1.00 0.200 % 0.850 % > 4.25 to 1.00 0.250 % 0.950 % Any increase or decrease in the Applicable Rate resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a compliance certificate is delivered pursuant to Section 5.01(d); provided, however, that if a compliance certificate is not delivered when due in accordance with such Section, a Leverage Ratio > 4.25 to 1.00 shall apply as of the first Business Day after the date on which such compliance certificate was required to have been delivered. The Applicable Rate in effect from the Effective Date through the first date following June 30, 2007 on which a compliance certificate is delivered or to be delivered pursuant to Section 5.01(d) shall be determined based upon a Leverage Ratio > 3.75 to 1.00 but < 4.25 to 1.00, unless clause (b) below shall apply.
Leverage Based. Prior to Xxxxx’x, S&P or Fitch establishing a rating for the Index Debt, the applicable rate per annum set forth below under the caption “Eurodollar Spread” based upon the Leverage Ratio as set forth in the most recent compliance certificate received by the Administrative Agent pursuant to Section 5.01(d): Leverage Ratio Eurodollar Spread < 2.75 to 1.00 0.700% > 2.75 to 1.00 but < 3.25 to 1.00 0.800% > 3.25 to 1.00 but < 3.75 to 1.00 0.900% > 3.75 to 1.00 but < 4.25 to 1.00 1.050% > 4.25 to 1.00 1.200% Any increase or decrease in the Applicable Rate resulting from a change in the Leverage Ratio shall become effective as of the first Business Day immediately following the date a compliance certificate is delivered pursuant to Section 5.01(d); provided, however, that if a compliance certificate is not delivered when due in accordance with such Section, a Leverage Ratio > 4.25 to 1.00 shall apply as of the first Business Day after the date on which such compliance certificate was required to have been delivered.
