AMENDED AND RESTATED CREDIT AGREEMENT Dated as of March 23, 2007 among GAYLORD ENTERTAINMENT COMPANY, as the Borrower, The Subsidiaries of the Borrower from time to time party hereto, as Guarantors, BANK OF AMERICA, N.A., as Administrative Agent,...Security Agreement • March 29th, 2007 • Gaylord Entertainment Co /De • Hotels & motels • New York
The Applicable Margin shall, for all dates commencing with and following the date on which Substantial Completion of Gaylord National has occurred, (x) be adjusted effective on the next Business Day following any reported change in the Borrowing Base Leverage Ratio that results in a different Pricing Level and (y) notwithstanding anything to the contrary contained in the foregoing, be based on Pricing Level III in the chart set forth above to the extent the Borrower fails to deliver any required Compliance Certification or other confirmation of the Borrowing Base Leverage Ratio as required herein as of the date required hereby for such delivery (such pricing to be effective for the period commencing as of the first day following the date on which such delivery is required hereby and extending until the date on which delivery of such certification or confirmation is provided and dictates the application of a different Pricing Level).
