TERM LOAN AGREEMENT dated as of October 25, 2012, among WASTE CONNECTIONS, INC., and its Subsidiaries listed on Schedule 1 hereto under the heading “Borrower Subsidiaries”, as the Borrowers, BANK OF AMERICA, N.A., as the Administrative Agent, and THE...Term Loan Agreement • March 1st, 2013 • Waste Connections, Inc. • Refuse systems • New York
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 received by the Administrative Agent pursuant to Section 6.04(c); provided, however, that if a Compliance Certificate is not delivered within ten (10) days after the time periods specified in such Section 6.04(c), then Level I (as set forth in the table above) shall apply as of the first Business Day thereafter, subject to prospective adjustment upon actual receipt of such Compliance Certificate.
