{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "a-percentage", "type": "definition", "offset": [6, 18]}, {"key": "per-annum", "type": "definition", "offset": [19, 28]}, {"key": "equal-to", "type": "definition", "offset": [29, 37]}], "samples": [{"hash": "6MF4lhglgxK", "uri": "/contracts/6MF4lhglgxK#applicable-rate", "label": "Equity and Asset Purchase Agreement (Rockwell Medical, Inc.)", "score": 37.8624229431, "published": true}, {"hash": "5hFYpYsATSX", "uri": "/contracts/5hFYpYsATSX#applicable-rate", "label": "Eighth Amendment to Credit Agreement (Clear Channel Outdoor Holdings, Inc.)", "score": 37.7830238342, "published": true}, {"hash": "899JIQTAzO2", "uri": "/contracts/899JIQTAzO2#applicable-rate", "label": "Credit Agreement (Bloomin' Brands, Inc.)", "score": 37.7419586182, "published": true}], "size": 668, "snippet": "means a percentage per annum equal to:", "hash": "90733cd55a654f8d525e3dbf128af438", "id": 1}, {"snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [20, 31]}, {"key": "daily-sofr-loan", "type": "definition", "offset": [39, 54]}, {"key": "term-sofr-loan", "type": "definition", "offset": [60, 74]}, {"key": "alternative-currency-term-rate-loan", "type": "definition", "offset": [80, 115]}, {"key": "alternative-currency-daily-rate-loan", "type": "definition", "offset": [121, 157]}, {"key": "abr-loan", "type": "definition", "offset": [163, 171]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [173, 193]}, {"key": "with-respect-to", "type": "clause", "offset": [198, 213]}, {"key": "commitment-fees-payable", "type": "clause", "offset": [218, 241]}, {"key": "the-applicable", "type": "clause", "offset": [273, 287]}, {"key": "per-annum", "type": "definition", "offset": [293, 302]}, {"key": "sofr-spread", "type": "definition", "offset": [344, 355]}, {"key": "rate-spread", "type": "definition", "offset": [405, 416]}, {"key": "abr-spread", "type": "definition", "offset": [462, 472]}, {"key": "letter-of-credit-fee", "type": "clause", "offset": [476, 496]}, {"key": "commitment-fee-rate", "type": "definition", "offset": [502, 521]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [776, 807]}, {"key": "the-administrative-agent", "type": "definition", "offset": [833, 857]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [867, 891]}, {"key": "pursuant-to-section", "type": "definition", "offset": [892, 911]}, {"key": "parent-borrower", "type": "definition", "offset": [928, 943]}, {"key": "fiscal-quarter-ending", "type": "clause", "offset": [957, 978]}, {"key": "after-the-closing-date", "type": "clause", "offset": [979, 1001]}, {"key": "fiscal-year", "type": "definition", "offset": [1062, 1073]}, {"key": "based-on", "type": "clause", "offset": [1133, 1141]}, {"key": "pricing-level-3", "type": "definition", "offset": [1142, 1157]}, {"key": "in-respect-of", "type": "definition", "offset": [1158, 1171]}, {"key": "reference-to", "type": "definition", "offset": [1274, 1286]}, {"key": "total-net-leverage-ratio", "type": "clause", "offset": [1291, 1315]}, {"key": "most-recent", "type": "definition", "offset": [1337, 1348]}, {"key": "received-by", "type": "definition", "offset": [1372, 1383]}, {"key": "increase-or-decrease", "type": "clause", "offset": [1454, 1474]}, {"key": "resulting-from", "type": "definition", "offset": [1498, 1512]}, {"key": "a-change-in", "type": "definition", "offset": [1513, 1524]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1567, 1586]}, {"key": "business-day", "type": "clause", "offset": [1593, 1605]}, {"key": "following-the", "type": "definition", "offset": [1618, 1631]}, {"key": "in-accordance-with", "type": "definition", "offset": [1809, 1827]}, {"key": "pricing-level-1", "type": "definition", "offset": [1852, 1867]}, {"key": "in-effect", "type": "definition", "offset": [2014, 2023]}], "samples": [{"hash": "1frGnkBWx2p", "uri": "/contracts/1frGnkBWx2p#applicable-rate", "label": "Credit Agreement (Atmus Filtration Technologies Inc.)", "score": 34.4127311707, "published": true}, {"hash": "dm43orRzaCO", "uri": "/contracts/dm43orRzaCO#applicable-rate", "label": "Credit Agreement (Atmus Filtration Technologies Inc.)", "score": 34.2429847717, "published": true}, {"hash": "bpZurL51Y6t", "uri": "/contracts/bpZurL51Y6t#applicable-rate", "label": "Credit Agreement (Cummins Inc)", "score": 33.7583847046, "published": true}], "size": 272, "snippet": "means, for any day, in the case of any Daily SOFR Loan, any Term SOFR Loan, any Alternative Currency Term Rate Loan, any Alternative Currency Daily Rate Loan, any ABR Loan, any Letter of Credit, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption \u201cDaily SOFR Spread\u201d, \u201cTerm SOFR Spread\u201d, \u201cAlternative Currency Term Rate Spread\u201d, \u201cAlternative Currency Daily Rate Spread\u201d, \u201cABR Spread\u201d, \u201cLetter of Credit Fee\u201d or \u201cCommitment Fee Rate\u201d, as the case may be: 1 > 3.50 to 1.00 1.750 % 0.750 % 1.750 % 0.250 % 2 <3.50 to 1.00 but > 2.50 to 1.00 1.500 % 0.500 % 1.500 % 0.225 % 3 <2.50 to 1.00 but > 1.50 to 1.00 1.250 % 0.250 % 1.250 % 0.200 % 4 < 1.50 to 1.00 1.125 % 0.125 % 1.125 % 0.175 % For purposes of this definition, until the date on which the Administrative Agent receives a Compliance Certificate pursuant to Section 5.12(c) for the Parent Borrower\u2019s first full Fiscal Quarter ending after the Closing Date (or, if such first full Fiscal Quarter is also the end of a Fiscal Year, pursuant to Section 5.12(b)), the Applicable Rate will be based on Pricing Level 3 in respect of the table above. Thereafter, the Applicable Rate will be based on the Pricing Level, as determined by reference to the Total Net Leverage Ratio (as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 5.12(b) or 5.12(c)). Any increase or decrease in the Applicable Rate resulting from a change in the Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 5.12(b) or 5.12(c), as applicable; provided, however, that, if a Compliance Certificate is not delivered when due in accordance with such Section 5.12, then Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered.", "hash": "8316c354b30d1e801a82998285b04dbc", "id": 2}, {"snippet_links": [], "samples": [{"hash": "iA4fl41P9pd", "uri": "/contracts/iA4fl41P9pd#applicable-rate", "label": "Credit Agreement (Jones Financial Companies LLLP)", "score": 37.8432579041, "published": true}, {"hash": "ja1D5VFtmyv", "uri": "/contracts/ja1D5VFtmyv#applicable-rate", "label": "Credit Agreement (Apple Hospitality REIT, Inc.)", "score": 37.5694732666, "published": true}, {"hash": "33iZN2cdVlR", "uri": "/contracts/33iZN2cdVlR#applicable-rate", "label": "Credit Agreement (Resideo Technologies, Inc.)", "score": 37.4216308594, "published": true}], "size": 253, "snippet": "means, for any day:", "hash": "105c23331ff0c7a1b26db8513fd6c032", "id": 3}, {"snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [7, 24]}, {"key": "per-annum", "type": "definition", "offset": [52, 61]}, {"key": "debt-rating", "type": "clause", "offset": [78, 89]}], "samples": [{"hash": "4sVbnUJ5VvT", "uri": "/contracts/4sVbnUJ5VvT#applicable-rate", "label": "Credit Agreement (Qualcomm Inc/De)", "score": 35.6036949158, "published": true}, {"hash": "dRCFOzJ9wcU", "uri": "/contracts/dRCFOzJ9wcU#applicable-rate", "label": "Credit Agreement (American Financial Group Inc)", "score": 34.4839134216, "published": true}, {"hash": "e2XxoIT9aWU", "uri": "/contracts/e2XxoIT9aWU#applicable-rate", "label": "Credit Agreement (Qualcomm Inc/De)", "score": 34.3333320618, "published": true}], "size": 222, "snippet": "means, from time to time, the following percentages per annum, based upon the Debt Rating as set forth below:", "hash": "97f9b814d414d37e2875500df47bfade", "id": 4}, {"snippet_links": [{"key": "per-annum", "type": "definition", "offset": [40, 49]}, {"key": "the-case", "type": "definition", "offset": [105, 113]}, {"key": "index-debt", "type": "clause", "offset": [191, 201]}, {"key": "most-recent", "type": "definition", "offset": [212, 223]}, {"key": "determination-date", "type": "clause", "offset": [224, 242]}, {"key": "category-2", "type": "definition", "offset": [244, 254]}, {"key": "category-3", "type": "definition", "offset": [271, 281]}, {"key": "category-4", "type": "definition", "offset": [301, 311]}, {"key": "category-5", "type": "definition", "offset": [338, 348]}, {"key": "the-foregoing", "type": "clause", "offset": [409, 422]}, {"key": "in-effect", "type": "definition", "offset": [475, 484]}, {"key": "the-last-sentence", "type": "clause", "offset": [571, 588]}, {"key": "agency-shall", "type": "clause", "offset": [627, 639]}, {"key": "established-a", "type": "definition", "offset": [658, 671]}, {"key": "sp-and-fitch", "type": "clause", "offset": [772, 785]}, {"key": "based-on", "type": "clause", "offset": [874, 882]}, {"key": "a-change-in", "type": "definition", "offset": [1210, 1221]}, {"key": "rating-system", "type": "definition", "offset": [1226, 1239]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1288, 1307]}, {"key": "applicable-rating-agency", "type": "definition", "offset": [1351, 1375]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1382, 1406]}, {"key": "during-the-period", "type": "clause", "offset": [1424, 1441]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [1442, 1474]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1539, 1560]}, {"key": "in-the-business", "type": "definition", "offset": [1686, 1701]}, {"key": "debt-obligations", "type": "clause", "offset": [1722, 1738]}, {"key": "the-lenders", "type": "clause", "offset": [1756, 1767]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [1774, 1797]}, {"key": "to-amend", "type": "definition", "offset": [1798, 1806]}, {"key": "reference-to", "type": "definition", "offset": [2015, 2027]}, {"key": "rating-agencies", "type": "definition", "offset": [2053, 2068]}, {"key": "prior-to", "type": "clause", "offset": [2199, 2207]}], "samples": [{"hash": "kMB0TVwnstL", "uri": "/contracts/kMB0TVwnstL#applicable-rate", "label": "Credit Agreement (Amerisourcebergen Corp)", "score": 27.8911705017, "published": true}, {"hash": "6tJSFcnt1OI", "uri": "/contracts/6tJSFcnt1OI#applicable-rate", "label": "Credit Agreement (Amerisourcebergen Corp)", "score": 27.8911705017, "published": true}, {"hash": "bxStAbbIVN4", "uri": "/contracts/bxStAbbIVN4#applicable-rate", "label": "Term Loan Credit Agreement (Amerisourcebergen Corp)", "score": 26.8644771576, "published": true}], "size": 207, "snippet": "means, for any day, the applicable rate per annum set forth below under the caption \u201cLIBOR\u201d or \u201cABR\u201d, as the case may be, based upon the ratings established by S&P, \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and Fitch for the Index Debt as of the most recent determination date: Category 2 A/A2/A 87.5 0.0 Category 3 A-/A3/A- 100.0 0.0 Category 4 BBB+/Baa1/BBB+ 112.5 12.5 Category 5 BBB/Baa2/BBB or lower or unrated 125.0 25.0 For purposes of the foregoing, (a) if any of \u2587\u2587\u2587\u2587\u2587\u2019\u2587, S&P or Fitch 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 in Category 5; (b) if the ratings established or deemed to have been established by \u2587\u2587\u2587\u2587\u2587\u2019\u2587, S&P and Fitch for the Index Debt shall fall within different Categories, the Applicable Rate shall be based on the Category in which two of such ratings shall fall or, if there shall be no such Category, on the Category in which the second highest of the three ratings shall fall; and (c) if the rating established or deemed to have been established by \u2587\u2587\u2587\u2587\u2587\u2019\u2587, S&P or Fitch 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, S&P or Fitch), 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 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 \u2587\u2587\u2587\u2587\u2587\u2019\u2587, S&P or Fitch shall change, or if any such rating agency shall cease to be in the business of rating corporate debt obligations, the Company and the Lenders 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 ratings of the other rating agencies (or, if the circumstances referred to in this sentence shall affect all such rating agencies, the ratings most recently in effect prior to such changes or cessations).", "hash": "9c014d92327b018c91b9d3c61f991e7b", "id": 5}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [24, 39]}, {"key": "eurodollar-loan", "type": "clause", "offset": [44, 59]}, {"key": "abr-loan", "type": "definition", "offset": [92, 100]}, {"key": "commitment-fees", "type": "clause", "offset": [133, 148]}], "samples": [{"hash": "f9myUtt5b9R", "uri": "/contracts/f9myUtt5b9R#applicable-rate", "label": "Credit Agreement (Enterprise GP Holdings L.P.)", "score": 21.0, "published": true}, {"hash": "8sCs62Uyoh0", "uri": "/contracts/8sCs62Uyoh0#applicable-rate", "label": "Credit Agreement (Enterprise GP Holdings L.P.)", "score": 21.0, "published": true}, {"hash": "8F6TouVg9PW", "uri": "/contracts/8F6TouVg9PW#applicable-rate", "label": "Credit Agreement (Enterprise Products Co)", "score": 21.0, "published": true}], "size": 155, "snippet": "means, for any day, (a) with respect to any Eurodollar Loan, 2.25%, (b) with respect to any ABR Loan, 1.00%, and (c) with respect to commitment fees, 0.50%.", "hash": "76e8b4a9ffe48b95b31e5d5a1f78b1c0", "id": 6}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [22, 37]}, {"key": "the-loans", "type": "clause", "offset": [38, 47]}, {"key": "each-borrower", "type": "clause", "offset": [56, 69]}, {"key": "per-annum", "type": "definition", "offset": [91, 100]}, {"key": "eurodollar-spread", "type": "definition", "offset": [136, 153]}, {"key": "eurodollar-borrowings", "type": "clause", "offset": [176, 197]}, {"key": "abr-spread", "type": "definition", "offset": [202, 212]}, {"key": "abr-borrowings", "type": "clause", "offset": [235, 249]}, {"key": "the-case", "type": "definition", "offset": [254, 262]}, {"key": "index-debt", "type": "clause", "offset": [359, 369]}, {"key": "commitment-fees-payable", "type": "clause", "offset": [416, 439]}, {"key": "the-rate", "type": "definition", "offset": [451, 459]}, {"key": "commitment-rate", "type": "definition", "offset": [505, 520]}, {"key": "category-1", "type": "definition", "offset": [630, 640]}, {"key": "category-2", "type": "definition", "offset": [677, 687]}, {"key": "category-3", "type": "definition", "offset": [720, 730]}, {"key": "category-4", "type": "definition", "offset": [764, 774]}, {"key": "category-5", "type": "definition", "offset": [808, 818]}, {"key": "the-foregoing", "type": "clause", "offset": [867, 880]}, {"key": "sp-shall", "type": "definition", "offset": [943, 952]}, {"key": "in-effect", "type": "definition", "offset": [958, 967]}, {"key": "agency-shall", "type": "clause", "offset": [1019, 1031]}, {"key": "established-a", "type": "definition", "offset": [1050, 1063]}, {"key": "each-of-\u2587", "type": "clause", "offset": [1116, 1125]}, {"key": "based-on", "type": "clause", "offset": [1276, 1284]}, {"key": "a-change-in", "type": "definition", "offset": [1623, 1634]}, {"key": "rating-system", "type": "definition", "offset": [1639, 1652]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1694, 1713]}, {"key": "applicable-rating-agency", "type": "definition", "offset": [1757, 1781]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1788, 1812]}, {"key": "during-the-period", "type": "clause", "offset": [1830, 1847]}, {"key": "commencing-on-the-effective-date", "type": "clause", "offset": [1848, 1880]}, {"key": "effective-date-of-the", "type": "clause", "offset": [1945, 1966]}, {"key": "in-the-business", "type": "definition", "offset": [2085, 2100]}, {"key": "debt-obligations", "type": "clause", "offset": [2121, 2137]}, {"key": "the-borrowers", "type": "clause", "offset": [2139, 2152]}, {"key": "the-lenders", "type": "clause", "offset": [2157, 2168]}, {"key": "negotiate-in-good-faith", "type": "definition", "offset": [2175, 2198]}, {"key": "to-amend", "type": "definition", "offset": [2199, 2207]}, {"key": "reference-to", "type": "definition", "offset": [2416, 2428]}, {"key": "prior-to", "type": "clause", "offset": [2464, 2472]}], "samples": [{"hash": "k1iuNs2RFHV", "uri": "/contracts/k1iuNs2RFHV#applicable-rate", "label": "Credit Agreement (Transcontinental Gas Pipe Line Company, LLC)", "score": 22.5879535675, "published": true}, {"hash": "cT81OOcaiwD", "uri": "/contracts/cT81OOcaiwD#applicable-rate", "label": "Credit Agreement (Northwest Pipeline Gp)", "score": 22.5879535675, "published": true}, {"hash": "8R5xArvB5ka", "uri": "/contracts/8R5xArvB5ka#applicable-rate", "label": "Credit Agreement (Williams Companies Inc)", "score": 22.5879535675, "published": true}], "size": 152, "snippet": "means for any day (a) with respect to the Loans made to each Borrower, the applicable rate per annum set forth below under the caption \u201cEurodollar Spread\u201d for Loans comprising Eurodollar Borrowings or \u201cABR Spread\u201d for Loans comprising ABR Borrowings, 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 Index Debt for such Borrower, or (b) with respect to the commitment fees payable hereunder, the rate per annum set forth below under the caption \u201cCommitment Rate\u201d based upon the ratings by \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and S&P, respectively, applicable on such date to the Index Debt for WPZ. Category 1 \u00b3 BBB+ / Baa1 1.25 % 0.25 % 0.175 % Category 2 BBB / Baa2 1.50 % 0.50 % 0.20 % Category 3 BBB- / Baa3 1.75 % 0.75 % 0.25 % Category 4 BB+ / Ba1 1.875 % 0.875 % 0.30 % Category 5 \u00a3 BB / Ba2 2.25 % 1.25 % 0.40 % For purposes of the foregoing, with respect to each Borrower (i) if only one of \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and S&P shall have in effect a rating for the Index Debt, then the other rating agency shall be deemed to have established a rating in the same Category as such agency; (ii) if each of \u2587\u2587\u2587\u2587\u2587\u2019\u2587 and S&P shall have in effect a rating for the Index Debt, and such ratings shall fall within different Categories, the Applicable Rate shall be based on (A) if the difference is one Category, the higher of the two ratings, and (B) if the difference is more than one Category, the rating one Category below the higher of the two ratings; and (iii) if the ratings established or deemed to have been established by \u2587\u2587\u2587\u2587\u2587\u2019\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\u2019\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 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 \u2587\u2587\u2587\u2587\u2587\u2019\u2587 or S&P shall change, or if any such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrowers and the Lenders 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.", "hash": "8bbb56beaabb0a45e7b3b2ae35c0427c", "id": 7}, {"snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [7, 24]}, {"key": "per-annum", "type": "definition", "offset": [52, 61]}, {"key": "the-debt", "type": "clause", "offset": [74, 82]}, {"key": "rating-of-the-borrower", "type": "clause", "offset": [83, 105]}, {"key": "date-of-determination", "type": "definition", "offset": [289, 310]}, {"key": "debt-ratings", "type": "definition", "offset": [382, 394]}, {"key": "senior-unsecured", "type": "clause", "offset": [436, 452]}, {"key": "term-debt", "type": "definition", "offset": [458, 467]}, {"key": "provided-that", "type": "definition", "offset": [469, 482]}, {"key": "issued-by", "type": "definition", "offset": [503, 512]}, {"key": "the-foregoing", "type": "clause", "offset": [521, 534]}, {"key": "rating-agencies", "type": "definition", "offset": [535, 550]}, {"key": "pricing-level-1", "type": "definition", "offset": [627, 642]}, {"key": "level-5", "type": "clause", "offset": [693, 700]}, {"key": "no-debt", "type": "clause", "offset": [922, 929]}, {"key": "pricing-level-3", "type": "definition", "offset": [1089, 1104]}, {"key": "publicly-announced", "type": "definition", "offset": [1220, 1238]}, {"key": "after-the-closing-date", "type": "clause", "offset": [1267, 1289]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1291, 1310]}, {"key": "period-from", "type": "definition", "offset": [1515, 1526]}, {"key": "first-day", "type": "definition", "offset": [1552, 1561]}, {"key": "announcement-of-the", "type": "clause", "offset": [1643, 1662]}, {"key": "change-in-the-applicable", "type": "clause", "offset": [1693, 1717]}, {"key": "resulting-from", "type": "definition", "offset": [1723, 1737]}, {"key": "during-the-period", "type": "clause", "offset": [1804, 1821]}, {"key": "commencing-on-the", "type": "clause", "offset": [1822, 1839]}, {"key": "public-announcement", "type": "clause", "offset": [1852, 1871]}], "samples": [{"hash": "e0uw4BbdFZZ", "uri": "/contracts/e0uw4BbdFZZ#applicable-rate", "label": "Credit Agreement (Fidelity National Title Group, Inc.)", "score": 21.0, "published": true}, {"hash": "7WMZqxsHBAk", "uri": "/contracts/7WMZqxsHBAk#applicable-rate", "label": "Credit Agreement (Fidelity National Title Group, Inc.)", "score": 21.0, "published": true}], "size": 139, "snippet": "means, from time to time, the following percentages per annum, based upon the Debt Rating of the Borrower as set forth below: 1 A-/A3 or higher 0.070 0.230 2 BBB+/Baa1 0.080 0.320 3 BBB/Baa2 0.090 0.360 4 BBB-/Baa3 0.125 0.475 5 BB+/Ba1 or lower 0.175 0.675 \u201cDebt Rating\u201d means, as of any date of determination, the rating as determined by either S&P or M\u2587\u2587\u2587\u2587\u2019\u2587 (collectively, the \u201cDebt Ratings\u201d) of the Borrower\u2019s non-credit-enhanced, senior unsecured long-term debt; provided that if a Debt Rating is issued by each of the foregoing rating agencies, then the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level 1 being the highest and the Debt Rating for Pricing Level 5 being the lowest), unless there is a split in Debt Ratings of more than one level, in which case the Pricing Level that is one level lower than the Pricing Level of the higher Debt Rating shall apply. If the Borrower has no Debt Rating from either S&P or M\u2587\u2587\u2587\u2587\u2019\u2587, the Applicable Rate shall be deemed to be in Pricing Level 5. Initially, the Applicable Rate shall be determined based upon Pricing Level 3. The Applicable Rate immediately following such initial Applicable Rate shall be determined based upon the initial publicly announced Debt Rating of the Borrower after the Closing Date, effective as of the date of such announcement; provided, however, if the Borrower does not receive a Debt Rating within 30 days of the Closing Date, the Applicable Rate shall be determined based upon Pricing L\u2587\u2587\u2587\u2587 \u2587 for the period from and including the thirty-first day after the Closing Date and ending on the date immediately preceding such initial announcement of the Debt Rating. Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the date of the next such change.", "hash": "a82448d689720f7d49a44f1c3735f4ce", "id": 8}, {"snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [10, 23]}, {"key": "the-revolving-credit-facility", "type": "clause", "offset": [24, 53]}, {"key": "per-annum", "type": "definition", "offset": [61, 70]}, {"key": "base-rate-loans", "type": "definition", "offset": [75, 90]}, {"key": "eurodollar-rate-loans", "type": "definition", "offset": [115, 136]}, {"key": "term-b-facility", "type": "definition", "offset": [163, 178]}, {"key": "the-closing-date", "type": "clause", "offset": [189, 205]}, {"key": "term-b-loan-applicable-rate-adjustment-date", "type": "definition", "offset": [213, 256]}, {"key": "after-the-term", "type": "clause", "offset": [480, 494]}, {"key": "the-applicable", "type": "clause", "offset": [535, 549]}, {"key": "reference-to", "type": "definition", "offset": [601, 613]}, {"key": "consolidated-total-net-leverage-ratio", "type": "definition", "offset": [618, 655]}, {"key": "most-recent", "type": "definition", "offset": [676, 687]}, {"key": "received-by", "type": "definition", "offset": [711, 722]}, {"key": "the-administrative-agent", "type": "definition", "offset": [723, 747]}, {"key": "pursuant-to-section", "type": "definition", "offset": [748, 767]}, {"key": "increase-or-decrease", "type": "clause", "offset": [896, 916]}, {"key": "resulting-from", "type": "definition", "offset": [940, 954]}, {"key": "a-change-in", "type": "definition", "offset": [955, 966]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1022, 1041]}, {"key": "business-day", "type": "clause", "offset": [1048, 1060]}, {"key": "following-the", "type": "definition", "offset": [1073, 1086]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [1092, 1116]}, {"key": "in-accordance-with", "type": "definition", "offset": [1237, 1255]}, {"key": "the-request", "type": "clause", "offset": [1281, 1292]}, {"key": "required-term-b-lenders", "type": "definition", "offset": [1300, 1323]}, {"key": "pricing-level-2", "type": "definition", "offset": [1325, 1340]}, {"key": "each-case", "type": "definition", "offset": [1391, 1400]}, {"key": "in-effect", "type": "definition", "offset": [1548, 1557]}, {"key": "contained-in", "type": "definition", "offset": [1665, 1677]}, {"key": "determination-of-the", "type": "clause", "offset": [1699, 1719]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1771, 1796]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1815, 1844]}, {"key": "extended-revolving-credit-commitments", "type": "definition", "offset": [1895, 1932]}, {"key": "extended-term-loans", "type": "clause", "offset": [1940, 1959]}, {"key": "revolving-credit-loans", "type": "clause", "offset": [1963, 1985]}, {"key": "made-pursuant-to", "type": "clause", "offset": [1986, 2002]}, {"key": "applicable-percentages", "type": "clause", "offset": [2058, 2080]}, {"key": "the-relevant", "type": "clause", "offset": [2104, 2116]}, {"key": "extension-offer", "type": "clause", "offset": [2117, 2132]}], "samples": [{"hash": "lBqHO0JT6IM", "uri": "/contracts/lBqHO0JT6IM#applicable-rate", "label": "Credit Agreement (Mission Broadcasting Inc)", "score": 23.9267616272, "published": true}, {"hash": "96RQ3298FyR", "uri": "/contracts/96RQ3298FyR#applicable-rate", "label": "Credit Agreement (Nexstar Broadcasting Group Inc)", "score": 23.9267616272, "published": true}], "size": 137, "snippet": "means (a) in respect of the Revolving Credit Facility, 3.25% per annum for Base Rate Loans and 4.25% per annum for Eurodollar Rate Loans and (b) in respect of the Term B Facility, (i) from the Closing Date to the Term B Loan Applicable Rate Adjustment Date, 2.50% per annum for Base Rate Loans and 3.50% per annum for Eurodollar Rate Loans, (ii) on the Term B Loan Applicable Rate Adjustment Date, 2.25% for Base Rate Loans and 3.25% per annum for Eurodollar Rate Loans and (iii) after the Term B Loan Applicable Rate Adjustment Date, the applicable percentage per annum set forth below determined by reference to the Consolidated Total Net Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): Pricing Level Consolidated Total Net Leverage Ratio Eurodollar Rate Loans Base Rate Loans 2 \u00b34.75:1.00 3.50% 2.50% Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Total Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Term B Lenders, Pricing Level 2 shall apply in respect of the Term B Facility, in each case as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the date on which such Compliance Certificate is delivered. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b). Further, notwithstanding the foregoing, the Applicable Rate in respect of any tranche of Extended Revolving Credit Commitments or any Extended Term Loans or Revolving Credit Loans made pursuant to any Extended Revolving Credit Commitments shall be the applicable percentages per annum set forth in the relevant Extension Offer.", "hash": "09fddaa7e00f3fa26516fc4235b098ec", "id": 9}, {"snippet_links": [{"key": "the-credit-agreement", "type": "clause", "offset": [29, 49]}], "samples": [{"hash": "bo9DGWM5HIg", "uri": "/contracts/bo9DGWM5HIg#applicable-rate", "label": "Credit Agreement (Carriage Services Inc)", "score": 31.3874053955, "published": true}, {"hash": "3oHB9IOQPO4", "uri": "/contracts/3oHB9IOQPO4#applicable-rate", "label": "Credit Agreement (Team Inc)", "score": 28.578371048, "published": true}, {"hash": "9vvPq6g38j8", "uri": "/contracts/9vvPq6g38j8#applicable-rate", "label": "Credit Agreement (Team Inc)", "score": 27.6420269012, "published": true}], "size": 123, "snippet": "set forth in Section 1.01 of the Credit Agreement is hereby amended to read as follows:", "hash": "e35c0b25faa780749c5098d4d37febc6", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYYXBwbGljYWJsZS1yYXRlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Applicable Rate", "size": 20907, "snippet": "means a percentage per annum equal to:", "id": "applicable-rate", "examples": ["The commitment fee shall be calculated quarterly in arrears, and if there is any change in the <strong>Applicable Rate</strong> during any quarter, the actual daily amount shall be computed and multiplied by the <strong>Applicable Rate</strong> separately for each period during such quarter that such <strong>Applicable Rate</strong> was in effect.", "Each Disposition of all or substantially all of a line of business, and each Acquisition, by the Borrower and its Subsidiaries that is consummated during any Measurement Period shall, for purposes of determining compliance with the financial covenants set forth in Section 7.11 and for purposes of determining the <strong>Applicable Rate</strong>, be given Pro Forma Effect as of the first day of such Measurement Period.", "Each Swingline Loan shall bear interest only at a rate based on the Base Rate plus the <strong>Applicable Rate</strong>.", "Subject to the provisions of Section 2.07(b), (i) each Term SOFR Loan shall bear interest on the outstanding principal amount thereof for each Interest Period from the applicable Borrowing date at a rate per annum equal to Term SOFR for such Interest Period plus the <strong>Applicable Rate</strong>; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable Borrowing date at a rate per annum equal to the Base Rate plus the <strong>Applicable Rate</strong>.", "The Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Revolving Percentage a Letter of Credit fee (the \u201cLetter of Credit Fee\u201d) for each Letter of Credit equal to the <strong>Applicable Rate</strong> times the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit.", "The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Revolving Percentage a Letter of Credit fee (the \u201cLetter of Credit Fee\u201d) for each Letter of Credit equal to the <strong>Applicable Rate</strong> times the daily Dollar Equivalent of the amount available to be drawn under such Letter of Credit.", "The Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Revolving Percentage, a commitment fee in Dollars equal to the <strong>Applicable Rate</strong> times the actual daily amount by which the Revolving Facility exceeds the sum of (i) the Outstanding Amount of Revolving Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15.", "If there is any change in the <strong>Applicable Rate</strong> during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the <strong>Applicable Rate</strong> separately for each period during such quarter that such <strong>Applicable Rate</strong> was in effect.", "If there is any change in the <strong>Applicable Rate</strong> during any quarter, the daily Dollar Equivalent of the amount available to be drawn under each Letter of Credit shall be computed and multiplied by the <strong>Applicable Rate</strong> separately for each period during such quarter that such <strong>Applicable Rate</strong> was in effect.", "Each Disposition of all or substantially all of a line of business, and each Acquisition, by any Borrower and its Subsidiaries that is consummated during any Measurement Period shall, for purposes of determining compliance with the financial covenants set forth in Section 7.11 and for purposes of determining the <strong>Applicable Rate</strong>, be given Pro Forma Effect as of the first day of such Measurement Period."], "related": [["maximum-applicable-rate", "Maximum Applicable Rate", "Maximum <strong>Applicable Rate</strong>"], ["applicable-fee-rate", "Applicable Fee Rate", "Applicable Fee Rate"], ["applicable-margin", "Applicable Margin", "Applicable Margin"], ["applicable-unused-line-fee-margin", "Applicable Unused Line Fee Margin", "Applicable Unused Line Fee Margin"], ["applicable-commitment-fee-rate", "Applicable Commitment Fee Rate", "Applicable Commitment Fee Rate"]], "related_snippets": [], "updated": "2026-11-15T06:35:07+00:00"}, "json": true, "cursor": ""}}