Pricing Grid. ================================================================================================ Applicable Margin for Revolving Loans ==================================== Applicable Revolving Margin for Consolidated Funded Debt Eurodollar ABR Loans Commitment Bankers Ratio Loans Fee Rates Acceptances ================================================================================================ less than or equal to 1.75 to 1 1.00% 0.00% 0.125% 1.00% ------------------------------------------------------------------------------------------------ greater than 1.75 to 1 and 1.25% 0.25% 0.125% 1.25% less than or equal to 2.25 to 1 ------------------------------------------------------------------------------------------------ greater than 2.25 to 1 and 1.50% 0.50% 0.25% 1.50% less than or equal to 2.75 to 1 ------------------------------------------------------------------------------------------------ greater than 2.75 1.75% 0.75% 0.25% 1.75% to 1 and less than or equal to 3.00 ------------------------------------------------------------------------------------------------ greater than 3.00 2.00% 1.00% 0.25% 2.00% ------------------------------------------------------------------------------------------------ If any financial statements referred to in Section 6.1 of the Credit Agreement are not delivered within the time periods specified therein, then, until such financial statements are delivered, the Consolidated Funded Debt Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0. In addition, at all times while an Event of Default shall have occurred and be continuing, the Consolidated Funded Debt Ratio shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0. Each determination of the Consolidated Funded Debt Ratio pursuant to this Pricing Grid shall be made with respect to (or, in the case of Consolidated Funded Debt, as at the end of) the period of four consecutive Fiscal Quarters of the Borrower ending at the end of the period covered by the relevant financial statements except to the extent otherwise provided in the Credit Agreement. ANNEX B
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Pricing Grid. ===================================================================================================================== Applicable Margin for Revolving Loans CONSOLIDATED LEVERAGE RATIO FACILITY FEE RATE APPLICABLE MARGIN UTILIZATION FEE RATE (BPS) (BPS) (BPS) -------------------------------------- ------------------------- --------------------------- ------------------------ Less than or equal to 10% 17.5 42.5 10.0 -------------------------------------- ------------------------- --------------------------- ------------------------ Less than or equal to 20% but 20.0 60.0 10.0 greater than 10% -------------------------------------- ------------------------- --------------------------- ------------------------ Less than or equal to 25% but 22.5 77.5 12.5 greater than 20% -------------------------------------- ------------------------- --------------------------- ------------------------ Greater than 25% 25.0 100.0 25.0 ==================================== Applicable Revolving Margin for Consolidated Funded Debt Eurodollar ABR Loans Commitment Bankers Ratio Loans Fee Rates Acceptances ================================================================================================ less than or equal For the purposes of the Pricing Grid, changes in the Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on the date (the "Adjustment Date") that is three Business Days after the date on which financial statements are delivered to 1.75 the Administrative Agent and each Lender pursuant to 1 1.00% 0.00% 0.125% 1.00% ------------------------------------------------------------------------------------------------ greater than 1.75 Section 5.1 and shall remain in effect until the next change to 1 and 1.25% 0.25% 0.125% 1.25% less than or equal be effected pursuant to 2.25 to 1 ------------------------------------------------------------------------------------------------ greater than 2.25 to 1 and 1.50% 0.50% 0.25% 1.50% less than or equal to 2.75 to 1 ------------------------------------------------------------------------------------------------ greater than 2.75 1.75% 0.75% 0.25% 1.75% to 1 and less than or equal to 3.00 ------------------------------------------------------------------------------------------------ greater than 3.00 2.00% 1.00% 0.25% 2.00% ------------------------------------------------------------------------------------------------ this paragraph. If any financial statements referred to in Section 6.1 of the Credit Agreement above are not delivered within the time periods specified thereinin Section 5.1, then, until the date that is three Business Days after the date on which such financial statements are delivered, the Consolidated Funded Debt Ratio as at the end highest rate set forth in each column of the fiscal period that would have been covered thereby Pricing Grid shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0. In addition, at all times while an Event of Default shall have occurred and be continuing, the Consolidated Funded Debt Ratio shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0apply. Each determination of the Consolidated Funded Debt Leverage Ratio pursuant to this the Pricing Grid shall be made in a manner consistent with respect the determination thereof pursuant to (or, in the case of Consolidated Funded Debt, as at the end of) the period of four consecutive Fiscal Quarters of the Borrower ending at the end of the period covered by the relevant financial statements except to the extent otherwise provided in the Credit Agreement. ANNEX BSection 6.1.
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Pricing Grid. ================================================================================================ Applicable Margin for Revolving Loans ==================================== Applicable Revolving Margin for Consolidated Funded Debt Eurodollar ABR Loans Commitment Bankers Ratio Loans Fee Rates Acceptances ================================================================================================ less CONSOLIDATED LEVERAGE RATIO FACILITY FEE RATE APPLICABLE MARGIN (bps) UTILIZATION FEE RATE (bps) (bps) -------------------------------------- ------------------------- --------------------------- ------------------------ Less than or equal to 1.75 to 1 1.0010% 0.00% 0.125% 1.00% ------------------------------------------------------------------------------------------------ greater than 1.75 to 1 and 1.25% 0.25% 0.125% 1.25% less 15.0 45.0 10.0 -------------------------------------- ------------------------- --------------------------- ------------------------ Less than or equal to 2.25 to 1 ------------------------------------------------------------------------------------------------ 20% but 17.5 62.5 10.0 greater than 2.25 to 1 and 1.5010% 0.50% 0.25% 1.50% less -------------------------------------- ------------------------- --------------------------- ------------------------ Less than or equal to 2.75 to 1 ------------------------------------------------------------------------------------------------ 25% but 20.0 80.0 12.5 greater than 2.75 1.7520% 0.75-------------------------------------- ------------------------- --------------------------- ------------------------ Greater than 25% 0.25% 1.75% 22.5 102.5 25.0 -------------------------------------- ------------------------- --------------------------- ------------------------ For the purposes of the Pricing Grid, changes in the Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on the date (the "Adjustment Date") that is three Business Days after the date on which financial statements are delivered to 1 the Administrative Agent and less than or equal each Lender pursuant to 3.00 ------------------------------------------------------------------------------------------------ greater than 3.00 2.00% 1.00% 0.25% 2.00% ------------------------------------------------------------------------------------------------ Section 5.1 and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to in Section 6.1 of the Credit Agreement above are not delivered within the time periods specified thereinin Section 5.1, then, until the date that is three Business Days after the date on which such financial statements are delivered, the Consolidated Funded Debt Ratio as at the end highest rate set forth in each column of the fiscal period that would have been covered thereby Pricing Grid shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0. In addition, at all times while an Event of Default shall have occurred and be continuing, the Consolidated Funded Debt Ratio shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0apply. Each determination of the Consolidated Funded Debt Leverage Ratio pursuant to this the Pricing Grid shall be made in a manner consistent with respect the determination thereof pursuant to (or, in the case of Consolidated Funded Debt, as at the end of) the period of four consecutive Fiscal Quarters of the Borrower ending at the end of the period covered by the relevant financial statements except to the extent otherwise provided in the Credit AgreementSection 6.1. ANNEX BSCHEDULE 1.1
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Sources: 364 Day Credit Agreement (Aspen Insurance Holdings LTD)
Pricing Grid. ================================================================================================ Participation Agreement ----------------------- Applicable Margin for Revolving Consolidated Applicable Margin- Applicable Margin- Commitment Indebtedness Ratio Eurocurrency Loans ==================================== Applicable Revolving Margin for Consolidated Funded Debt Eurodollar ABR Loans Commitment Bankers Ratio Base Rate Loans Fee Rates Acceptances ================================================================================================ Rate ------------------- ------------------ --------------- -------- *4.0 to 1.0 1.75% .750% .375% **4.0 to 1.0 and 1.75% .750% .375% *3.0 to 1.0 **3.0 to 1.0 and 1.50% .500% .300% *2.0 to 1.0 **2.0 to 1.0 and 1.25% .500% .300% *1.0 to 1.0 **1.0 to 1.0 1.00% 0% .250% * denotes greater than ** denotes less than or equal to 1.75 Changes in the Applicable Margin or in the Applicable Commitment Fee Rate resulting from changes in the Consolidated Indebtedness Ratio shall become effective on each date which is the start of the succeeding fiscal quarter (each, an "Adjustment Date") for which an Applicable Margin Certificate of --------------- Holdings is delivered to 1 1.00% 0.00% 0.125% 1.00% ------------------------------------------------------------------------------------------------ greater the Lenders pursuant to Section 10.2(f) of the Guarantee (but in any event not later than 1.75 the 45th day after the end of each of each quarter of each fiscal year) and shall remain in effect until the next change to 1 and 1.25% 0.25% 0.125% 1.25% less than or equal be effected pursuant to 2.25 to 1 ------------------------------------------------------------------------------------------------ greater than 2.25 to 1 and 1.50% 0.50% 0.25% 1.50% less than or equal to 2.75 to 1 ------------------------------------------------------------------------------------------------ greater than 2.75 1.75% 0.75% 0.25% 1.75% to 1 and less than or equal to 3.00 ------------------------------------------------------------------------------------------------ greater than 3.00 2.00% 1.00% 0.25% 2.00% ------------------------------------------------------------------------------------------------ this paragraph. If any financial statements Applicable Margin Certificate referred to in Section 6.1 of the Credit Agreement are above is not delivered within the time periods specified thereinabove, then, until such financial statements are delivered, then the Consolidated Funded Debt Indebtedness Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 3.50 4.0 to 1.0. In addition, at all times while an Event of Default shall have occurred and be continuing, the Consolidated Funded Debt Ratio highest rate set forth in each column of the Pricing Grid shall for the purposes of this definition be deemed to be greater than 3.50 to 1.0apply. Each determination of the Consolidated Funded Debt Indebtedness Ratio pursuant to this Pricing Grid shall be made with respect to (or, for the periods and in the case manner contemplated by Section 11.1(d) of Consolidated Funded Debtthe Guarantee. EXHIBIT D TO THE PARTICIPATION AGREEMENT ----------------------- FORM REQUISITION HANOVER COMPRESSION INC. (the "Lessee"), submits this Requisition and ------ certifies, represents and warrants to each of the Lessor, Investors, The Chase Manhattan Bank, as at agent (in such capacity, the end of) the period of four consecutive Fiscal Quarters "Agent"), and each of the Borrower ending at ----- financial institutions from time to time parties to the end Credit Agreement (the "Lenders") dated as of October 27, 2000, as follows (capitalized terms used in ------- this Requisition and not otherwise defined herein shall have the meaning assigned to such terms in Annex A to the Participation Agreement dated as of ------- October 27, 2000 , among the Lessee, the Lessor, the Investor, the Agent and the Lenders) in each case as of the period covered by the relevant financial statements except to the extent otherwise provided in the Credit Agreement. ANNEX Bdate hereof:
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