{"component": "definition", "props": {"groups": [{"size": 18, "samples": [{"hash": "6vJmQhEx6HX", "uri": "/contracts/6vJmQhEx6HX#abr-spread", "label": "Five Year Revolving Credit and Competitive Advance Facility Agreement (Readers Digest Association Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-the-case-of-an", "type": "clause", "offset": [1, 18]}, {"key": "facility-fees", "type": "definition", "offset": [63, 76]}, {"key": "provided-that", "type": "definition", "offset": [123, 136]}, {"key": "applicable-rates", "type": "definition", "offset": [141, 157]}, {"key": "interest-accruing", "type": "clause", "offset": [180, 197]}, {"key": "standby-loans", "type": "definition", "offset": [212, 225]}, {"key": "loans-shall", "type": "definition", "offset": [233, 244]}, {"key": "in-no-event", "type": "clause", "offset": [245, 256]}, {"key": "level-3", "type": "clause", "offset": [293, 300]}, {"key": "pricing-table", "type": "definition", "offset": [308, 321]}, {"key": "six-month-anniversary", "type": "definition", "offset": [364, 385]}, {"key": "spread-fee", "type": "definition", "offset": [546, 556]}, {"key": "level-1", "type": "definition", "offset": [621, 628]}, {"key": "level-2", "type": "definition", "offset": [864, 871]}, {"key": "level-4", "type": "clause", "offset": [1067, 1074]}, {"key": "level-5", "type": "definition", "offset": [1167, 1174]}, {"key": "the-foregoing", "type": "clause", "offset": [1309, 1322]}, {"key": "in-effect", "type": "clause", "offset": [1343, 1352]}, {"key": "reference-to", "type": "clause", "offset": [1530, 1542]}, {"key": "higher-rating", "type": "clause", "offset": [1574, 1587]}, {"key": "lower-rating", "type": "clause", "offset": [1802, 1814]}, {"key": "applicable-level", "type": "definition", "offset": [1884, 1900]}, {"key": "sp-shall", "type": "definition", "offset": [1998, 2007]}, {"key": "agency-shall", "type": "clause", "offset": [2101, 2113]}, {"key": "in-the-business", "type": "definition", "offset": [2127, 2142]}, {"key": "debt-obligations", "type": "definition", "offset": [2163, 2179]}, {"key": "agency-will", "type": "clause", "offset": [2219, 2230]}, {"key": "a-change", "type": "clause", "offset": [2413, 2421]}, {"key": "rating-system", "type": "definition", "offset": [2429, 2442]}, {"key": "the-day", "type": "definition", "offset": [2507, 2514]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [2616, 2640]}, {"key": "during-the-period", "type": "clause", "offset": [2658, 2675]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [2676, 2708]}, {"key": "effective-date-of-the", "type": "clause", "offset": [2773, 2794]}, {"key": "the-lenders", "type": "clause", "offset": [3013, 3024]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [3031, 3054]}, {"key": "to-amend", "type": "definition", "offset": [3055, 3063]}, {"key": "references-to", "type": "clause", "offset": [3068, 3081]}, {"key": "the-non", "type": "clause", "offset": [3159, 3166]}, {"key": "availability-of", "type": "clause", "offset": [3167, 3182]}, {"key": "prior-to", "type": "definition", "offset": [3336, 3344]}], "snippet": "(in the case of an ABR Loan) or \"Facility Fee\" (in the case of Facility Fees), as the case may be, based upon the Ratings; PROVIDED that the Applicable Rates used to determine the interest accruing on Eurodollar Standby Loans or ABR Loans shall in no event be less than those corresponding to Level 3 in the pricing table below until the date corresponding to the six month anniversary of the Effective Date shall have occurred: --------------------------------------------------------------- Ratings Eurodollar ABR Facility (S&P/Moody's) Spread Spread Fee --------------------------------------------------------------- Level 1 1.250% 0.250% 0.250% higher than BBB-/\u2587\u2587\u2587\u2587 --------------------------------------------------------------- Ratings Eurodollar ABR Facility (S&P/Moody's) Spread Spread Fee --------------------------------------------------------------- Level 2 1.625% 0.625% 0.375% BBB-/Baa3 --------------------------------------------------------------- Level 3 2.00% 1.000% 0.500% BB+/Ba1 --------------------------------------------------------------- Level 4 2.250% 1.250% 0.500% BB/Ba2 --------------------------------------------------------------- Level 5 2.500% 1.500% 0.500% lower than BB an\u2587 \u2587\u2587\u2587 \u2587r unrated --------------------------------------------------------------- For purposes of the foregoing, (i) if the Ratings in effect or deemed to be in effect on any date fall in different Levels and the Ratings are at least BBB- and Baa3, respectively, the Applicable Rate shall be determined on such date by reference to the Level corresponding to the higher Rating, (ii) if such ratings fall in different Levels and one or both ratings shall be below BBB- or Baa3, respectively, the Applicable Rate shall be determined on such date by reference to the Level corresponding to the lower Rating unless such ratings differ by more than one Level, in which case the applicable Level shall be the Level next above that corresponding to the lower Rating; (iii) if either Moody's or S&P shall not have, or shall be deemed not to have, a Rat\u2587\u2587\u2587 \u2587\u2587 effect (other than because such rating agency shall no longer be in the business of rating corporate debt obligations or corporate credit), then such rating agency will be deemed to have in effect a Rating in Level 5 ; and (iv) if any Rating established or deemed to have been \u2587\u2587\u2587\u2587\u2587\u2587\u2587shed by Moody's or S&P shall be changed (other than as a result of a change \u2587\u2587 \u2587\u2587\u2587 rating system of either Moody's or S&P), such change shall be effective as of the day after \u2587\u2587\u2587 \u2587\u2587\u2587e on which such change is first announced by the rating agency making such change. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of either Moody's or S&P shall change, or if either such rating agency shall c\u2587\u2587\u2587\u2587 \u2587\u2587 be in the business of rating corporate debt obligations or corporate credit, the Company and the Lenders shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system or the non-availability of ratings from such rating agency, and pending any such amendment the Applicable Rate shall be determined by reference to the ratings provided immediately prior to such change or cessation.", "hash": "533ccaab3991271ab9a67de77ba39c57", "id": 1}, {"size": 12, "samples": [{"hash": "ldToUmcoYbI", "uri": "/contracts/ldToUmcoYbI#abr-spread", "label": "Senior Secured Term Loan Agreement (McDermott International Inc)", "score": 18.0, "published": true}, {"hash": "cgfOtjZduBQ", "uri": "/contracts/cgfOtjZduBQ#abr-spread", "label": "Senior Secured Term Loan Agreement (McDermott International Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "commitment-fee-percentage", "type": "definition", "offset": [4, 29]}, {"key": "the-case", "type": "definition", "offset": [35, 43]}, {"key": "ratings-spread", "type": "definition", "offset": [211, 225]}, {"key": "spread-percentage", "type": "definition", "offset": [230, 247]}, {"key": "category-1", "type": "definition", "offset": [303, 313]}, {"key": "category-2", "type": "definition", "offset": [356, 366]}, {"key": "category-3", "type": "clause", "offset": [400, 410]}, {"key": "category-4", "type": "definition", "offset": [443, 453]}, {"key": "category-5", "type": "definition", "offset": [485, 495]}, {"key": "category-6", "type": "definition", "offset": [528, 538]}, {"key": "the-foregoing", "type": "clause", "offset": [689, 702]}, {"key": "sp-shall", "type": "definition", "offset": [711, 720]}, {"key": "in-effect", "type": "clause", "offset": [730, 739]}, {"key": "agency-shall", "type": "clause", "offset": [762, 774]}, {"key": "established-a", "type": "definition", "offset": [793, 806]}, {"key": "a-change-in", "type": "definition", "offset": [950, 961]}, {"key": "rating-system", "type": "definition", "offset": [966, 979]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1010, 1029]}, {"key": "the-lenders", "type": "clause", "offset": [1133, 1144]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [1151, 1174]}, {"key": "to-amend", "type": "definition", "offset": [1175, 1183]}, {"key": "applicable-percentage", "type": "definition", "offset": [1296, 1317]}, {"key": "reference-to", "type": "clause", "offset": [1341, 1353]}, {"key": "prior-to", "type": "definition", "offset": [1418, 1426]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1445, 1469]}, {"key": "eurocurrency-loans", "type": "definition", "offset": [1496, 1514]}, {"key": "loans-outstanding", "type": "clause", "offset": [1523, 1540]}, {"key": "commitment-fees", "type": "definition", "offset": [1545, 1560]}, {"key": "during-the-period", "type": "clause", "offset": [1570, 1587]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [1588, 1620]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1685, 1706]}], "snippet": "or \"Commitment Fee Percentage\", as the case may be, based upon the Rating applicable on such date. =============================================================================== Eurocurrency Commitment Fee S&P Ratings Spread ABR Spread Percentage ----------- ---------------- ---------- -------------- Category 1 ---------- BBB or higher 1.00% .000% .25% Category 2 ---------- BBB- 1.25% .250% .30% Category 3 --------- BB+ 1.625% .625% .35% Category 4 ---------- BB 2.00% 1.00% .40% Category 5 ---------- BB- 2.50% 1.50% .50% Category 6 ---------- Lower than BB- or unrated 3.00% 2.00% .75% =============================================================================== For purposes of the foregoing, (i) if S&P shall not have in effect a Rating, such rating agency shall be deemed to have established a Rating in Category 6; and (ii) if the Rating established or deemed to have been established by S&P shall be changed (other than as a result of a change in the rating system of S&P), such change shall be effective as of the date on which it is first announced by S&P. If the rating system of S&P shall change, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the ratings most recently in effect (or deemed to be in effect) prior to such change. Each change in the Applicable Percentage shall apply to Eurocurrency Loans and ABR Loans outstanding and Commitment Fees accruing during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.", "hash": "9a4b2d9ee085087f97619858aa0ac90c", "id": 2}, {"size": 10, "samples": [{"hash": "6oAsSciO3jC", "uri": "/contracts/6oAsSciO3jC#abr-spread", "label": "Credit Agreement (Eagle Materials Inc)", "score": 36.0937728882, "published": true}], "snippet_links": [{"key": "term-benchmark", "type": "clause", "offset": [1, 15]}, {"key": "facility-fee-rate", "type": "clause", "offset": [36, 53]}, {"key": "the-case", "type": "definition", "offset": [59, 67]}, {"key": "level-iii", "type": "definition", "offset": [240, 249]}, {"key": "level-iv", "type": "definition", "offset": [272, 280]}, {"key": "level-v", "type": "definition", "offset": [305, 312]}, {"key": "the-foregoing", "type": "clause", "offset": [353, 366]}, {"key": "index-debt", "type": "clause", "offset": [431, 441]}, {"key": "applicable-rate", "type": "clause", "offset": [488, 503]}, {"key": "reference-to", "type": "clause", "offset": [527, 539]}, {"key": "sp-shall", "type": "definition", "offset": [588, 597]}, {"key": "in-effect", "type": "clause", "offset": [603, 612]}, {"key": "the-last-sentence", "type": "clause", "offset": [699, 716]}, {"key": "agency-shall", "type": "clause", "offset": [755, 767]}, {"key": "established-a", "type": "definition", "offset": [786, 799]}, {"key": "pricing-levels", "type": "clause", "offset": [1141, 1155]}, {"key": "based-on", "type": "definition", "offset": [1202, 1210]}, {"key": "full-rating-category", "type": "definition", "offset": [1292, 1312]}, {"key": "a-change-in", "type": "definition", "offset": [1604, 1615]}, {"key": "rating-system", "type": "definition", "offset": [1620, 1633]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1675, 1694]}, {"key": "third-business-day", "type": "clause", "offset": [1695, 1713]}, {"key": "following-the", "type": "definition", "offset": [1714, 1727]}, {"key": "applicable-rating-agency", "type": "definition", "offset": [1771, 1795]}, {"key": "notice-of", "type": "definition", "offset": [1818, 1827]}, {"key": "by-the-borrower", "type": "clause", "offset": [1866, 1881]}, {"key": "the-administrative-agent-and-the-banks", "type": "clause", "offset": [1885, 1923]}, {"key": "agreement-or", "type": "definition", "offset": [1941, 1953]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1970, 1994]}, {"key": "during-the-period", "type": "clause", "offset": [2012, 2029]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [2030, 2062]}, {"key": "effective-date-of-the", "type": "clause", "offset": [2127, 2148]}, {"key": "in-the-business", "type": "definition", "offset": [2267, 2282]}, {"key": "debt-obligations", "type": "definition", "offset": [2303, 2319]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [2321, 2341]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [2354, 2377]}, {"key": "to-amend", "type": "definition", "offset": [2378, 2386]}, {"key": "prior-to", "type": "definition", "offset": [2643, 2651]}, {"key": "as-of-the-amendment-no", "type": "clause", "offset": [2678, 2700]}], "snippet": "\u201cTerm Benchmark and RFR Spread\u201d or \u201cFacility Fee Rate\u201d, as the case may be, based upon the ratings by \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and S&P, respectively, applicable on such date to the Pricing Level: Level I 0.00 % 1.00 % 0.09 % Level II 0.125 % 1.125 % 0.11 % Level III 0.25 % 1.25 % 0.125 % Level IV 0.375 % 1.375 % 0.175 % Level V 0.625 % 1.625 % 0.225 % For purposes of the foregoing, (i) if the ratings established by both S&P and \u2587\u2587\u2587\u2587\u2587\u2019\u2587 for the Index Debt shall fall within the same Pricing Level, the Applicable Rate shall be determined by reference to such Pricing Level; (ii) if none of \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and S&P shall have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then such Rating Agency shall be deemed to have established a rating in Level V; (iii) if only one Rating Agency shall have in effect a rating for the Index Debt, the Applicable Rate shall be determined by reference to the Pricing Level in which such rating falls; (iv) if the ratings established or deemed to have been established by Moody\u2019s and S&P for the Index Debt shall each fall within different Pricing Levels from each other, the Applicable Rate shall be based on the highest of the two ratings unless the difference in ratings is more than one full rating category, in which case the Applicable Rate shall be determined by reference to the Pricing Level next above that of the lowest of the two ratings; and (v) if the ratings established or deemed to have been established by Moody\u2019s and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of \u2587\u2587\u2587\u2587\u2587\u2019\u2587 or S&P), such change shall be effective as of the third Business Day following the date on which it is first announced by the applicable rating agency, irrespective of when notice of such change shall have been furnished by the Borrower to the Administrative Agent and the Banks pursuant to this Agreement or otherwise. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody\u2019s or S&P shall change, or if any such Rating Agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Banks shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such Rating Agency and, pending the effectiveness of any such amendment, the Applicable Rate shall be determined by reference to the rating most recently in effect prior to such change or cessation. As of the Amendment No. 12 Effective Date, the Pricing Level is [Level III].", "hash": "5d93ed3f5b8bf4b158e4f306708c06c6", "id": 3}, {"size": 7, "samples": [{"hash": "ku5jubITSjJ", "uri": "/contracts/ku5jubITSjJ#abr-spread", "label": "Credit Agreement (Jefferson Smurfit Corp /De/)", "score": 18.0, "published": true}, {"hash": "3yEnoCfL77H", "uri": "/contracts/3yEnoCfL77H#abr-spread", "label": "Credit Agreement (Jsce Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "term-loans-and-revolving-loans", "type": "clause", "offset": [36, 66]}, {"key": "per-annum", "type": "definition", "offset": [74, 83]}, {"key": "subject-to", "type": "clause", "offset": [85, 95]}, {"key": "pursuant-to-section", "type": "definition", "offset": [107, 126]}, {"key": "tranche-b-term-loans", "type": "definition", "offset": [159, 179]}], "snippet": "means (a) with respect to Tranche A Term Loans and Revolving Loans, 0.50% per annum, subject to adjustment pursuant to Section 2.06(c) and (b) with respect to Tranche B Term Loans, 1.00% per annum, subject to adjustment pursuant to Section 2.06(c).", "hash": "81518a71bf4fc92a2ed318dc20df5b13", "id": 4}, {"size": 6, "samples": [{"hash": "deN4G3q8rsL", "uri": "/contracts/deN4G3q8rsL#abr-spread", "label": "Credit Agreement (Trinity Marine Products, Inc.)", "score": 18.0, "published": true}, {"hash": "83fJpvI2LOi", "uri": "/contracts/83fJpvI2LOi#abr-spread", "label": "Credit Agreement (Trinity Industries Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "facility-fee-rate", "type": "clause", "offset": [4, 21]}, {"key": "the-case", "type": "definition", "offset": [26, 34]}, {"key": "leverage-ratio", "type": "definition", "offset": [58, 72]}, {"key": "period-ending", "type": "clause", "offset": [89, 102]}, {"key": "most-recent", "type": "definition", "offset": [110, 121]}, {"key": "quarterly-date", "type": "definition", "offset": [122, 136]}, {"key": "with-respect-to", "type": "clause", "offset": [137, 152]}, {"key": "agent-shall", "type": "definition", "offset": [178, 189]}, {"key": "financial-statements-and-other-information", "type": "clause", "offset": [208, 250]}, {"key": "current-information", "type": "clause", "offset": [257, 276]}, {"key": "section-601a", "type": "clause", "offset": [344, 358]}, {"key": "certificate-required", "type": "clause", "offset": [398, 418]}, {"key": "in-respect-of", "type": "definition", "offset": [463, 476]}, {"key": "spread-rate", "type": "definition", "offset": [554, 565]}, {"key": "equal-to", "type": "definition", "offset": [759, 767]}, {"key": "applicable-rate", "type": "clause", "offset": [1364, 1379]}, {"key": "based-on", "type": "definition", "offset": [1380, 1388]}, {"key": "a-change-in", "type": "definition", "offset": [1389, 1400]}, {"key": "the-current", "type": "clause", "offset": [1401, 1412]}, {"key": "effective-on-the", "type": "clause", "offset": [1438, 1454]}, {"key": "the-lenders", "type": "clause", "offset": [1505, 1516]}, {"key": "periods-of", "type": "clause", "offset": [1639, 1649]}, {"key": "fiscal-year", "type": "clause", "offset": [1655, 1666]}, {"key": "in-effect", "type": "clause", "offset": [1755, 1764]}, {"key": "change-to", "type": "definition", "offset": [1780, 1789]}, {"key": "time-periods", "type": "clause", "offset": [1885, 1897]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [2075, 2094]}, {"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [2184, 2219]}, {"key": "from-the-effective-date", "type": "clause", "offset": [2252, 2275]}, {"key": "at-the-end-of", "type": "clause", "offset": [2420, 2433]}], "snippet": "or \"Facility Fee Rate\" as the case may be, based upon the Leverage Ratio for the Rolling Period ending on the most recent Quarterly Date with respect to which the Administrative Agent shall have received the financial statements and other information (the \"Current Information\") required to be delivered to the Administrative Agent pursuant to Section 6.01(a) or Section 6.01(b) and the compliance certificate required to be delivered pursuant to Section 6.01(c) in respect of such financial statements: Eurodollar Facility Fee Leverage Ratio Spread ABR Spread Rate -------------- ------ ---------- ---- Less than 1.00 to 1.00 1.000% 0.000% 0.250% ---------------------------------------------------------------------------------------------- Greater than or equal to 1.00 to 1.00 1.125% 0.000% 0.375% but less than 1.50 to 1.00 ---------------------------------------------------------------------------------------------- Greater than or equal to 1.50 to 1.00 1.250% 0.250% 0.500% but less than 2.25 to 1.00 ---------------------------------------------------------------------------------------------- Greater than or equal to 2.25 to 1.00 1.500% 0.500% 0.500% but less than 2.75 to 1.00 ---------------------------------------------------------------------------------------------- Greater than or equal to 2.75 to 1.00 1.750% 0.750% 0.500% Each change in the Applicable Rate based on a change in the Current Information shall become effective on the date on which Current Information is delivered to the Lenders pursuant to Section 6.01 (but in any event not later than the 45th day after the end of each of the first three quarterly periods of each Fiscal Year or the 90th day after the end of each Fiscal Year, as the case may be) and shall remain in effect until the next change to be effected pursuant to this paragraph. If any Current Information is not delivered within the time periods specified in Section 6.01, then, until such Current Information is delivered, the Leverage Ratio as of the end of the Rolling Period that would have been covered thereby shall, for the purposes of this definition, be deemed to be greater than or equal to 2.75 to 1.00. Furthermore, and notwithstanding any other provision to the contrary, for the period from the Effective Date until the date on which the Current Information for the Rolling Period ending March 31, 2004 is delivered to the Lenders, the Leverage Ratio as at the end of each Rolling Period during such period shall, for the purposes of this definition, be deemed to be greater than or equal to 1.50 to 1.00 but less than 2.25 to 1.00.", "hash": "10eee5feb5ddf7569cfcb8a2dc60b7cb", "id": 5}, {"size": 6, "samples": [{"hash": "NqHxUnIFHc", "uri": "/contracts/NqHxUnIFHc#abr-spread", "label": "Credit Agreement (Morrison Knudsen Corp//)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-case", "type": "definition", "offset": [24, 32]}, {"key": "with-respect-to", "type": "clause", "offset": [49, 64]}, {"key": "eurodollar-loan-or-abr-loan", "type": "clause", "offset": [69, 96]}, {"key": "applicable-rate", "type": "clause", "offset": [145, 160]}, {"key": "per-annum", "type": "definition", "offset": [161, 170]}, {"key": "libor-spread", "type": "definition", "offset": [226, 238]}, {"key": "each-case", "type": "definition", "offset": [280, 289]}, {"key": "consolidated-leverage-ratio", "type": "clause", "offset": [305, 332]}, {"key": "quarter-end", "type": "definition", "offset": [350, 361]}, {"key": "most-recent", "type": "definition", "offset": [388, 399]}, {"key": "provided-that", "type": "definition", "offset": [420, 433]}, {"key": "subject-to-clause", "type": "clause", "offset": [465, 482]}, {"key": "reference-to", "type": "clause", "offset": [506, 518]}, {"key": "category-2", "type": "definition", "offset": [519, 529]}, {"key": "first-determination-date", "type": "definition", "offset": [540, 564]}, {"key": "six-months", "type": "definition", "offset": [582, 592]}, {"key": "after-the-closing-date", "type": "clause", "offset": [593, 615]}, {"key": "category-1", "type": "definition", "offset": [682, 692]}, {"key": "at-any-time", "type": "clause", "offset": [693, 704]}, {"key": "the-borrower", "type": "definition", "offset": [710, 722]}, {"key": "financial-statement", "type": "definition", "offset": [749, 768]}, {"key": "certificate-required", "type": "clause", "offset": [772, 792]}, {"key": "revolving-credit-borrowings", "type": "clause", "offset": [959, 986]}, {"key": "swingline-loans", "type": "definition", "offset": [988, 1003]}, {"key": "tranche-a-term", "type": "definition", "offset": [1051, 1065]}, {"key": "commitment-fees", "type": "definition", "offset": [1081, 1096]}, {"key": "equal-to", "type": "definition", "offset": [1707, 1715]}, {"key": "category-3", "type": "clause", "offset": [1854, 1864]}, {"key": "category-4", "type": "definition", "offset": [2053, 2063]}, {"key": "tranche-b-term-borrowings", "type": "definition", "offset": [2313, 2338]}], "snippet": "or \"Commitment Fee\", as the case may be, and (b) with respect to any Eurodollar Loan or ABR Loan that is part of a Tranche B Term Borrowing, the applicable rate per annum set forth in the second chart below under the caption \"LIBOR Spread\" or \"ABR Spread\", as the case may be, in each case based upon the Consolidated Leverage Ratio as of the fiscal quarter end immediately preceding the most recent Determination Date; provided that (i) the Applicable Rate shall (subject to clause (ii)) be determined by reference to Category 2 until the first Determination Date that is at least six months after the Closing Date, and (ii) the Applicable Rate shall be determined by reference to Category 1 at any time when the Borrower has failed to deliver any financial statement or certificate required to have been delivered under Section 5.03(a), (b) or (c). ----------------------------------------------------------------------------------------------------------- Revolving Credit Borrowings, Swingline Loans, --------------------------------------------- Tranche A Term Borrowings and Commitment Fees --------------------------------------------- ----------------------------------------------------------------------------------------------------------- Consolidated Leverage Ratio LIBOR Spread ABR Spread Commitment Fee --------------------------- ------------ ---------- -------------- ----------------------------------------------------------------------------------------------------------- Category 1 Greater than 3.0 to 1.0 2.75% 1.75% 0.500% ----------------------------------------------------------------------------------------------------------- Category 2 Greater than 2.5 to 1.0 but less than or equal to 3.0 to 1.0 2.50% 1.50% 0.375% ----------------------------------------------------------------------------------------------------------- Category 3 Greater than 2.0 to 1.0 but less than or equal to 2.5 to 1.0 2.25% 1.25% 0.300% ----------------------------------------------------------------------------------------------------------- Category 4 Less than or equal to 2.0 to 1.0 2.00% 1.00% 0.250% ----------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------- Tranche B Term Borrowings ------------------------- ---------------------------------------------------------------------------------------- Consolidated ------------ Leverage Ratio LIBOR Spread ABR Spread -------------- ------------ ---------- ---------------------------------------------------------------------------------------- Category 1 Greater than 2.5 to 1.0 3.25% 2.25% ---------------------------------------------------------------------------------------- Category 2 Less than or equal to 2.5 to 1.0 3.00% 2.00% ----------------------------------------------------------------------------------------", "hash": "7faba12b8bac6cda8d83e1f15385ea6e", "id": 6}, {"size": 5, "samples": [{"hash": "58nhBhfgPzE", "uri": "/contracts/58nhBhfgPzE#abr-spread", "label": "364 Day Competitive Advance and Revolving Credit Facility (Raytheon Co/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "fee-percentage", "type": "clause", "offset": [4, 18]}, {"key": "the-case", "type": "definition", "offset": [24, 32]}, {"key": "index-debt", "type": "clause", "offset": [129, 139]}, {"key": "eurodollar-spread", "type": "definition", "offset": [141, 158]}, {"key": "spread-fee", "type": "definition", "offset": [163, 173]}, {"key": "category-1", "type": "definition", "offset": [229, 239]}, {"key": "category-2", "type": "definition", "offset": [323, 333]}, {"key": "category-3", "type": "clause", "offset": [396, 406]}, {"key": "category-4", "type": "definition", "offset": [470, 480]}, {"key": "category-5", "type": "definition", "offset": [542, 552]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [631, 662]}, {"key": "sp-shall", "type": "definition", "offset": [689, 698]}, {"key": "in-effect", "type": "clause", "offset": [708, 717]}, {"key": "the-last-sentence", "type": "clause", "offset": [805, 822]}, {"key": "agency-shall", "type": "clause", "offset": [861, 873]}, {"key": "established-a", "type": "definition", "offset": [892, 905]}, {"key": "applicable-percentage", "type": "definition", "offset": [1077, 1098]}, {"key": "based-on", "type": "definition", "offset": [1108, 1116]}, {"key": "a-change-in", "type": "definition", "offset": [1443, 1454]}, {"key": "rating-system", "type": "definition", "offset": [1459, 1472]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1514, 1533]}, {"key": "applicable-rating-agency", "type": "definition", "offset": [1577, 1601]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1608, 1632]}, {"key": "during-the-period", "type": "clause", "offset": [1656, 1673]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [1674, 1706]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1771, 1792]}, {"key": "in-the-business", "type": "definition", "offset": [1914, 1929]}, {"key": "debt-obligations", "type": "definition", "offset": [1950, 1966]}, {"key": "the-lenders", "type": "clause", "offset": [1985, 1996]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [2003, 2026]}, {"key": "to-amend", "type": "definition", "offset": [2027, 2035]}, {"key": "the-non", "type": "clause", "offset": [2093, 2100]}, {"key": "availability-of", "type": "clause", "offset": [2101, 2116]}, {"key": "reference-to", "type": "clause", "offset": [2252, 2264]}, {"key": "prior-to", "type": "definition", "offset": [2300, 2308]}], "snippet": "or \"Fee Percentage\", as the case may be, based upon the ratings by S&P and \u2587\u2587\u2587\u2587\u2587'\u2587, respectively, applicable on such date to the Index Debt: Eurodollar Spread ABR Spread Fee Percentage ----------------- ---------- -------------- Category 1 ---------- BBB+ or higher by S&P or Baa1 or higher by \u2587\u2587\u2587\u2587\u2587'\u2587 0.625% 0.000% 0.125% Category 2 ---------- BBB by S&P or Baa2 by \u2587\u2587\u2587\u2587\u2587'\u2587 0.725% 0.000% 0.150% Category 3 ---------- BBB- by S&P or Baa3 by \u2587\u2587\u2587\u2587\u2587'\u2587 0.950% 0.000% 0.175% Category 4 ---------- BB+ by S&P or Ba1 by \u2587\u2587\u2587\u2587\u2587'\u2587 1.275% 0.500% 0.225% Category 5 ---------- BB or lower by S&P or Ba2 or lower by \u2587\u2587\u2587\u2587\u2587'\u2587 1.675% 1.000% 0.325% For purposes of this definition, (i) if either \u2587\u2587\u2587\u2587\u2587'\u2587 or S&P shall not have in effect a rating for the Index Debt (other than by r \u2587\u2587\u2587\u2587\u2587 of the circumstances referred to in the last sentence of this paragra ph), then such rating agency shall be deemed to have established a rating in Category 5; (ii) if the ratings established or deemed to have been established by \u2587\u2587\u2587\u2587\u2587'\u2587 and S&P for the Index Debt shall fall within different Categories, the Applicable Percentage shall be based on the higher of the two ratings unless the ratings differ by more than one category, in which case the governing rating shall be the rating next below the higher of the two; and (iii) if the ratings established or deemed to have been established by \u2587\u2587\u2587\u2587\u2587'\u2587 and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of \u2587\u2587\u2587\u2587\u2587'\u2587 or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of \u2587\u2587\u2587\u2587\u2587'\u2587 or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the non-availability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the rating most recently in effect prior to such change or cessation.", "hash": "8ae3e9d75577e1f9d3143825d394443d", "id": 7}, {"size": 5, "samples": [{"hash": "1DDe7z2AiJF", "uri": "/contracts/1DDe7z2AiJF#abr-spread", "label": "Credit Agreement (Freeport McMoran Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "fee-percentage", "type": "clause", "offset": [4, 18]}, {"key": "the-case", "type": "definition", "offset": [24, 32]}, {"key": "the-foregoing", "type": "clause", "offset": [157, 170]}, {"key": "sp-shall", "type": "definition", "offset": [197, 206]}, {"key": "in-effect", "type": "clause", "offset": [216, 225]}, {"key": "the-last-sentence", "type": "clause", "offset": [312, 329]}, {"key": "agency-shall", "type": "clause", "offset": [368, 380]}, {"key": "established-a", "type": "definition", "offset": [399, 412]}, {"key": "credit-enhanced", "type": "definition", "offset": [528, 543]}, {"key": "indebtedness-for-borrowed-money", "type": "definition", "offset": [555, 586]}, {"key": "increased-by", "type": "clause", "offset": [622, 634]}, {"key": "index-debt-rating", "type": "definition", "offset": [672, 689]}, {"key": "applicable-margin", "type": "clause", "offset": [972, 989]}, {"key": "based-on", "type": "definition", "offset": [999, 1007]}, {"key": "investment-grade", "type": "definition", "offset": [1084, 1100]}, {"key": "a-change-in", "type": "definition", "offset": [1313, 1324]}, {"key": "rating-system", "type": "definition", "offset": [1329, 1342]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1384, 1403]}, {"key": "applicable-rating-agency", "type": "definition", "offset": [1447, 1471]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1478, 1502]}, {"key": "during-the-period", "type": "clause", "offset": [1522, 1539]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [1540, 1572]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1637, 1658]}, {"key": "in-the-business", "type": "definition", "offset": [1780, 1795]}, {"key": "debt-obligations", "type": "definition", "offset": [1816, 1832]}, {"key": "the-borrowers", "type": "definition", "offset": [1834, 1847]}, {"key": "the-banks", "type": "clause", "offset": [1852, 1861]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [1868, 1891]}, {"key": "to-amend", "type": "definition", "offset": [1892, 1900]}, {"key": "the-non", "type": "clause", "offset": [1958, 1965]}, {"key": "availability-of", "type": "clause", "offset": [1966, 1981]}, {"key": "reference-to", "type": "clause", "offset": [2113, 2125]}, {"key": "prior-to", "type": "definition", "offset": [2161, 2169]}], "snippet": "or \"Fee Percentage\", as the case may be, based upon the ratings by S&P and M\u2587\u2587\u2587\u2587'\u2587, respectively, applicable on such date to the Index Debt. For purposes of the foregoing, (i) if either M\u2587\u2587\u2587\u2587'\u2587 or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then such rating agency shall be deemed to have established a rating of BB-/Ba3, unless such rating agency shall have in effect a rating for senior subordinated unsecured, non- credit enhanced, long-term indebtedness for borrowed money of FRP, in which case such rating, increased by two categories, shall be used as the Index Debt rating of such rating agency so long as such rating agency has in effect such a rating and does not have in effect a rating for Index Debt; (ii) if the ratings established or deemed to have been established by M\u2587\u2587\u2587\u2587'\u2587 and S&P for the Index Debt shall fall within different categories, the Applicable Margin shall be based on the lower of the two ratings unless either of the two ratings qualifies as \"investment grade\", in which case the higher of the two ratings will apply; and (iii) if the ratings established or deemed to have been established by M\u2587\u2587\u2587\u2587'\u2587 and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of M\u2587\u2587\u2587\u2587'\u2587 or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of M\u2587\u2587\u2587\u2587'\u2587 or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrowers and the Banks shall negotiate in good faith to amend this definition to reflect such changed rating system or the non-availability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin shall be determined by reference to the rating most recently in effect prior to such change or cessation.", "hash": "b7529559afda7b462c66565b7fd6d72c", "id": 8}, {"size": 4, "samples": [{"hash": "iDNDqS8RDx9", "uri": "/contracts/iDNDqS8RDx9#abr-spread", "label": "Credit Agreement (PHH Corp)", "score": 25.4188919067, "published": true}, {"hash": "bBuG1O53k8c", "uri": "/contracts/bBuG1O53k8c#abr-spread", "label": "Credit Agreement (PHH Corp)", "score": 23.6009578705, "published": true}], "snippet_links": [{"key": "period-of-determination", "type": "clause", "offset": [30, 53]}, {"key": "in-effect", "type": "clause", "offset": [84, 93]}, {"key": "pursuant-to-the", "type": "definition", "offset": [107, 122]}, {"key": "based-on", "type": "definition", "offset": [155, 163]}, {"key": "index-debt", "type": "clause", "offset": [182, 192]}], "snippet": "means, at any date or for any period of determination, the ABR Spread that would be in effect on such date pursuant to the chart set forth in Section 2.23 based on the rating of the Index Debt.", "hash": "2a21ea52595c3f9c7855208fdf419de9", "id": 9}, {"size": 4, "samples": [{"hash": "T9DO11IlXt", "uri": "/contracts/T9DO11IlXt#abr-spread", "label": "Credit Agreement (Chart Industries Inc)", "score": 31.308008194, "published": true}], "snippet_links": [{"key": "commitment-fee-rate", "type": "definition", "offset": [1, 20]}, {"key": "ticking-fee-rate", "type": "definition", "offset": [26, 42]}, {"key": "the-case", "type": "definition", "offset": [48, 56]}, {"key": "leverage-ratio", "type": "definition", "offset": [80, 94]}, {"key": "category-1", "type": "definition", "offset": [120, 130]}, {"key": "category-2", "type": "definition", "offset": [165, 175]}, {"key": "category-3", "type": "clause", "offset": [229, 239]}, {"key": "category-4", "type": "definition", "offset": [293, 303]}, {"key": "category-5", "type": "definition", "offset": [357, 367]}, {"key": "category-6", "type": "definition", "offset": [421, 431]}, {"key": "the-foregoing", "type": "clause", "offset": [482, 495]}, {"key": "day-of", "type": "clause", "offset": [555, 561]}, {"key": "fiscal-year", "type": "clause", "offset": [599, 610]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [664, 696]}, {"key": "pursuant-to-section", "type": "definition", "offset": [707, 726]}, {"key": "applicable-margin", "type": "clause", "offset": [769, 786]}, {"key": "resulting-from", "type": "definition", "offset": [787, 801]}, {"key": "a-change-in", "type": "definition", "offset": [802, 813]}, {"key": "effective-on-the", "type": "clause", "offset": [842, 858]}, {"key": "business-day", "type": "definition", "offset": [865, 877]}, {"key": "the-administrative-agent", "type": "clause", "offset": [908, 932]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1048, 1069]}, {"key": "provided-that", "type": "definition", "offset": [1088, 1101]}, {"key": "receipt-of", "type": "clause", "offset": [1135, 1145]}, {"key": "first-fiscal-quarter", "type": "definition", "offset": [1267, 1287]}, {"key": "the-amendment-no", "type": "clause", "offset": [1313, 1329]}, {"key": "the-option", "type": "clause", "offset": [1485, 1495]}, {"key": "the-required-lenders", "type": "clause", "offset": [1527, 1547]}, {"key": "at-any-time", "type": "clause", "offset": [1549, 1560]}, {"key": "fails-to-deliver", "type": "clause", "offset": [1586, 1602]}, {"key": "when-required", "type": "definition", "offset": [1642, 1655]}, {"key": "period-from", "type": "definition", "offset": [1719, 1730]}, {"key": "expiration-of-the", "type": "clause", "offset": [1735, 1752]}, {"key": "time-for-delivery", "type": "clause", "offset": [1753, 1770]}], "snippet": "\u201cCommitment Fee Rate\u201d or \u201cTicking Fee Rate\u201d, as the case may be, based upon the Leverage Ratio applicable on such date: Category 1: < 1.50 to 1.00 1.25% 0.25% 0.20% Category 2: \u00b3 1.50 to 1.00 but < 2.00 to 1.00 1.50% 0.50% 0.20% Category 3: \u00b3 2.00 to 1.00 but < 2.50 to 1.00 1.75% 0.75% 0.25% Category 4: \u00b3 2.50 to 1.00 but < 3.00 to 1.00 2.00% 1.00% 0.30% Category 5: \u00b3 3.00 to 1.00 but < 3.50 to 1.00 2.25% 1.25% 0.35% Category 6: \u00b3 3.50 to 1.00 2.50% 1.50% 0.40% For purposes of the foregoing, (1) the Leverage Ratio shall be determined as of the last day of each fiscal quarter of the Company\u2019s fiscal year based upon the consolidated financial information of the Company and its Subsidiaries delivered pursuant to Section 5.04(a) or (b) and (2) each change in the Applicable Margin resulting from a change in the Leverage Ratio shall be effective on the first Business Day after the date of delivery to the Administrative Agent of such consolidated financial information indicating such change and ending on the date immediately preceding the effective date of the next such change; provided that until the Administrative Agent\u2019s receipt of the consolidated financial information of the Company and its Subsidiaries delivered pursuant to Section 5.04(b) for the first fiscal quarter the Company ending after the Amendment No. 1 Effective Date, the Leverage Ratio shall be deemed to be in Category 6; provided further that the Leverage Ratio shall be deemed to be in Category 6 at the option of the Administrative Agent or the Required Lenders, at any time during which the Company fails to deliver the consolidated financial information when required to be delivered pursuant to Section 5.04(a) or (b), during the period from the expiration of the time for delivery thereof until such consolidated financial information is delivered.\u201d", "hash": "fa816ed870a9501cedc78f5d4710ffd6", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiITYWJyLXNwcmVhZCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "ABR Spread", "size": 176, "snippet": "(in the case of an ABR Loan) or \"Facility Fee\" (in the case of Facility Fees), as the case may be, based upon the Ratings; PROVIDED that the Applicable Rates used to determine the interest accruing on Eurodollar Standby Loans or ABR Loans shall in no event be less than those corresponding to Level 3 in the pricing table below until the date corresponding to the six month anniversary of the Effective Date shall have occurred: --------------------------------------------------------------- Ratings Eurodollar ABR Facility (S&P/Moody's) Spread Spread Fee --------------------------------------------------------------- Level 1 1.250% 0.250% 0.250% higher than BBB-/\u2587\u2587\u2587\u2587 --------------------------------------------------------------- Ratings Eurodollar ABR Facility (S&P/Moody's) Spread Spread Fee --------------------------------------------------------------- Level 2 1.625% 0.625% 0.375% BBB-/Baa3 --------------------------------------------------------------- Level 3 2.00% 1.000% 0.500% BB+/Ba1 --------------------------------------------------------------- Level 4 2.250% 1.250% 0.500% BB/Ba2 --------------------------------------------------------------- Level 5 2.500% 1.500% 0.500% lower than BB an\u2587 \u2587\u2587\u2587 \u2587r unrated --------------------------------------------------------------- For purposes of the foregoing, (i) if the Ratings in effect or deemed to be in effect on any date fall in different Levels and the Ratings are at least BBB- and Baa3, respectively, the Applicable Rate shall be determined on such date by reference to the Level corresponding to the higher Rating, (ii) if such ratings fall in different Levels and one or both ratings shall be below BBB- or Baa3, respectively, the Applicable Rate shall be determined on such date by reference to the Level corresponding to the lower Rating unless such ratings differ by more than one Level, in which case the applicable Level shall be the Level next above that corresponding to the lower Rating; (iii) if either Moody's or S&P shall not have, or shall be deemed not to have, a Rat\u2587\u2587\u2587 \u2587\u2587 effect (other than because such rating agency shall no longer be in the business of rating corporate debt obligations or corporate credit), then such rating agency will be deemed to have in effect a Rating in Level 5 ; and (iv) if any Rating established or deemed to have been \u2587\u2587\u2587\u2587\u2587\u2587\u2587shed by Moody's or S&P shall be changed (other than as a result of a change \u2587\u2587 \u2587\u2587\u2587 rating system of either Moody's or S&P), such change shall be effective as of the day after \u2587\u2587\u2587 \u2587\u2587\u2587e on which such change is first announced by the rating agency making such change. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of either Moody's or S&P shall change, or if either such rating agency shall c\u2587\u2587\u2587\u2587 \u2587\u2587 be in the business of rating corporate debt obligations or corporate credit, the Company and the Lenders shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system or the non-availability of ratings from such rating agency, and pending any such amendment the Applicable Rate shall be determined by reference to the ratings provided immediately prior to such change or cessation.", "id": "abr-spread", "examples": ["Notwithstanding anything set forth in this Agreement, Swingline Loans shall bear interest at the Swingline Lender quoted cost of funds plus the Applicable Rate (Eurodollar Spread) for Tranche B Term Loans; provided, however, that Swingline Loans shall bear interest at a rate no higher than at the Alternate Base Rate plus the Applicable Rate (<strong>ABR Spread</strong>) for Revolving Loans.", "Subject to Section 2.06(c), the Borrower agrees to pay --------- interest in respect of the unpaid principal amount of each ABR Loan from the date thereof until payment in full thereof at a rate per annum which shall be, for any day, equal to the sum of the Applicable Rate (<strong>ABR Spread</strong>) plus the Alternate Base Rate in effect on such day, but in no event to exceed the Highest Lawful Rate.", "In the event that the Index Debt is (i) not rated by any Rating Agency or (ii) rated only by Fitch, then the Facility Fee, the applicable LIBOR Spread and the applicable <strong>ABR Spread</strong> shall be deemed to be calculated as if the lowest rating category set forth above applied.", "The Loans comprising each ABR Borrowing (including each Swingline Loan) shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable <strong>ABR Spread</strong> then in effect for such Borrowing.", "Each Swingline Loan shall bear interest at a rate equal to the Swingline Lender&#x27;s quoted cost of funds plus the Eurodollar Spread for Tranche B Term Loans, but in no event will such rate exceed a rate equal to the Alternate Base Rate plus <strong>ABR Spread</strong> for Revolving Loans, provided that for all other purposes each Swingline Loan shall be deemed to be an ABR Loan.", "The applicable <strong>ABR Spread</strong> or LIBOR Spread for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall be presumptively correct absent manifest error.", "Any decrease in the Facility Fee, the applicable LIBOR Spread and the applicable <strong>ABR Spread</strong> shall be effective on the date of announcement or publication by any of such Rating Agencies of an increase in rating or in the absence of announcement or publication on the effective date of such increase in rating.", "The <strong>ABR Spread</strong> for all outstanding ABR Borrowings on the Second Restatement Date shall be the <strong>ABR Spread</strong> in effect immediately prior to the Second Restatement Date, after giving effect to adjustments required pursuant to Section 2.06(c).", "Each Swingline Loan shall bear interest at a rate equal to the Swingline Lender\u2019s quoted cost of funds plus the Eurodollar Spread for Tranche B Term Loans, but in no event will such rate exceed a rate equal to the Alternate Base Rate plus <strong>ABR Spread</strong> for Revolving Loans, provided that for all other purposes each Swingline Loan shall be deemed to be an ABR Loan.", "Subject to Section 2.06(c), the Borrower agrees to --------- pay interest in respect of the unpaid principal amount of each ABR Loan from the date thereof until payment in full thereof at a rate per annum which shall be, for any day, equal to the sum of the Applicable Rate (<strong>ABR Spread</strong>) plus the Alternate Base Rate in effect on such day, but in no event to exceed the Highest Lawful Rate."], "related": [["libor-spread", "LIBOR Spread", "LIBOR Spread"], ["prime-rate-spread", "Prime Rate Spread", "Prime Rate Spread"], ["facility-fee-rate", "Facility Fee Rate", "Facility Fee Rate"], ["applicable-spread", "Applicable Spread", "Applicable Spread"], ["libor-margin", "LIBOR Margin", "LIBOR Margin"]], "related_snippets": [], "updated": "2026-04-24T04:48:06+00:00"}, "json": true, "cursor": ""}}