“Applicable Rate” means a percentage per annum equal to # for Eurocurrency Rate Loans, 8.0%, and # for Base Rate Loans, 7.0%; provided that the Applicable Rate shall be increased to # 9.0% per annum for Eurocurrency Rate Loans and # 8.0% per annum for Base Rate Loans following the six (6) month anniversary of the Closing Date if the requirements in [clauses (x) and (y)])] of the definition of Financing Source Diversification Requirements are not satisfied at such time.
“Applicable Rate” means # with respect to any Tranche B-1 Term Loan that is # a Eurocurrency Rate Loan, 2.00% per annum and # a Base Rate Loan, 1.00% per annum, # with respect to any Revolving Credit Loan that is # a Eurocurrency Rate Loan, 2.25% per annum and # a Base Rate Loan, 1.25% per annum, # with respect to the Letter of Credit Fees, 2.25% per annum and # with respect to the Commitment Fees, # until delivery of a Compliance Certificate for the first full fiscal quarter ending after the Closing Date, 0.50% per annum and # at any time thereafter, # 0.50% per annum if the First Lien Net Leverage Ratio as of the most recent determination date is greater than 1.50 to 1.00 or # 0.375% per annum if the First Lien Net Leverage Ratio as of the most recent determination date is less than or equal to 1.50 to 1.00. Notwithstanding the foregoing, it is understood and agreed that for all periods prior to the Amendment No. 1 Funding Date, the “Applicable Rate” for all purposes was as set forth in the Credit Agreement as in effect immediately prior to the Amendment No. 1 Effective Date.
“Applicable Rate” shall mean on any date, # with respect to any Eurocurrency Loan (other than any Eurocurrency Competitive Loan), a rate per annum equal to the Credit Default Swap Spread applicable to such Eurocurrency Loan on such date, # with respect to any ABR Loan, a rate per annum equal to the Credit Default Swap Spread applicable to a Eurocurrency Loan on such date less 1.00% per annum (but not less than 0%) or # with respect to the commitment fees payable in accordance with [Section 2.11(a)], the applicable rate per annum set forth below under the caption “Commitment Fee Rate”, based upon the Ratings by S&P and Moody’s, respectively, in effect on such date. Notwithstanding the foregoing, the Applicable Rate for Eurocurrency Loans in effect at any time shall not be less than the amount set forth below under the caption “Minimum Applicable Margin”, and shall not exceed the amount set forth below under the caption “Maximum Applicable Margin”, in each case based upon the Ratings in effect on such date. 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.
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