LOAN AND SECURITY AGREEMENT Dated as of February 20, 2007Loan and Security Agreement • February 23rd, 2007 • Ak Steel Holding Corp • Steel works, blast furnaces & rolling mills (coke ovens) • New York
Until July 1, 2007, margins shall be determined as if Level IV were applicable. On such date and thereafter, the margins shall be subject to increase or decrease upon Agent’s determination of average daily Availability over the most recently ended Fiscal Quarter, which change shall be effective on the first day of the new Fiscal Quarter.
