Pricing Grid. The following table shall apply for determining interest rates for periods prior to the Amendment No. 2 Effective Date: I < 1.50:1.00 3.75% II ³ 1.50:1.00 and < 2.00:1.00 4.00% III ³ 2.00:1.00 and < 2.50:1.00 4.25% IV ³ 2.50:1.00 and < 3.00:1.00 4.50% V ³ 3.00:1.00 4.75% The following table shall apply for determining interest rates for periods on and following the Amendment No. 2 Effective Date: I < 1.50:1.00 4.25% II ³ 1.50:1.00 and < 2.00:1.00 4.50% III ³ 2.00:1.00 and < 2.50:1.00 4.75% IV ³ 2.50:1.00 and < 3.00:1.00 5.00% V ³ 3.00:1.00 5.25% For purposes of determining the Applicable Rate: (a) From the Amendment No. 2 Effective Date through the date on which the first Compliance Certificate is required to be delivered hereunder after the Amendment No. 2 Effective Date (the “Initial Period”), the Applicable Rate shall be the amount set forth under Level III of this Schedule 1.1(A) set forth above. (b) It is expressly agreed that after the Initial Period, the Applicable Rate shall be determined based upon Schedule 1.1(A) above and change on each date on which a Compliance Certificate is required to be delivered hereunder. (c) If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or the Lenders determine that (i) the Total Net Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Total Net Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the amount of interest and
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Pricing Grid. The following table shall apply for determining interest rates for periods prior to the Amendment No. 2 Effective Date: I < 1.50:1.00 3.753.75 % II ³ 1.50:1.00 and < 2.00:1.00 4.004.00 % III ³ 2.00:1.00 and < 2.50:1.00 4.254.25 % IV ³ 2.50:1.00 and < 3.00:1.00 4.504.50 % V ³ 3.00:1.00 4.754.75 % The following table shall apply for determining interest rates for periods on and following the Amendment No. 2 Effective Date: I < 1.50:1.00 4.254.25 % II ³ 1.50:1.00 and < 2.00:1.00 4.504.50 % III ³ 2.00:1.00 and < 2.50:1.00 4.754.75 % IV ³ 2.50:1.00 and < 3.00:1.00 5.005.00 % V ³ 3.00:1.00 5.255.25 % For purposes of determining the Applicable Rate:
(a) From the Amendment No. 2 Effective Date through the date on which the first Compliance Certificate is required to be delivered hereunder after the Amendment No. 2 Effective Date (the “Initial Period”), the Applicable Rate shall be the amount set forth under Level III of this Schedule 1.1(A) set forth above.
(b) It is expressly agreed that after the Initial Period, the Applicable Rate shall be determined based upon Schedule 1.1(A) above and change on each date on which a Compliance Certificate is required to be delivered hereunder.
(c) If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or the Lenders determine that (i) the Total Net Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Total Net Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the amount of interest and
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Pricing Grid. The following table shall apply for determining interest rates for periods prior to the Amendment No. 2 Effective Date: I < 1.50:1.00 3.753.75 % II ³ 1.50:1.00 and < 2.00:1.00 4.004.00 % III ³ 2.00:1.00 and < 2.50:1.00 4.254.25 % IV ³ 2.50:1.00 and < 3.00:1.00 4.504.50 % V ³ 3.00:1.00 4.754.75 % The following table shall apply for determining interest rates for periods on and following the Amendment No. 2 Effective Date: I < 1.50:1.00 4.254.25 % II ³ 1.50:1.00 and < 2.00:1.00 4.50% III ³ 2.00:1.00 and < 2.50:1.00 4.754.75 % IV ³ 2.50:1.00 and < 3.00:1.00 5.005.00 % V ³ 3.00:1.00 5.255.25 % For purposes of determining the Applicable Rate:
(a) From the Amendment No. 2 Effective Date through the date on which the first Compliance Certificate is required to be delivered hereunder after the Amendment No. 2 Effective Date (the “Initial Period”), the Applicable Rate shall be the amount set forth under Level III of this Schedule 1.1(A) set forth above.
(b) It is expressly agreed that after the Initial Period, the Applicable Rate shall be determined based upon Schedule 1.1(A) above and change on each date on which a Compliance Certificate is required to be delivered hereunder.
(c) If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or the Lenders determine that (i) the Total Net Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Total Net Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code, automatically and without further action by the Administrative Agent or any Lender), an amount equal to the excess of the amount of interest and
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