Definition of DIP Applicable Margin


DIP Applicable Margin means (a) prior to the Roll-Up Loan Elevation Date, with respect to the DIP Loans maintained as (i) Eurocurrency Rate Loans, a rate equal to 14.00% per annum and (ii) Base Rate Loans, a rate equal to 13.00% per annum and (b) on and after the Roll-Up Loan Elevation Date, with respect to the DIP Loans maintained as (i) Eurocurrency Rate Loans, a rate equal to 7.00% per annum and (ii) Base Rate Loans, a rate equal to 7.00% per annum.
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