Amendments to Existing Definition of Applicable Margin

Amendments to Existing Definition of Applicable Margin. The definition of "Applicable Margin" is hereby amended by deleting it in its entirety and substituting the following therefor: ""Applicable Margin" means, at any time, as to the Interest Rate for Prime Rate Loans and the Interest Rate for Eurodollar Rate Loans the applicable percentage (on a per annum basis) set forth below if the sum of (a) the Quarterly Average Excess Availability for the immediately preceding fiscal quarter plus (b) the Excess Cash as of the last day of such immediately... preceding fiscal quarter, is at or within the amounts indicated for such percentage: 2 Tier Quarterly Average Excess Availability plus Excess Cash ApplicablePrime RateMargin ApplicableEurodollar RateMargin 1 Greater than or equal to sixty-five (65%) percent of the Maximum Credit 0.50 % 1.50 % 2 Greater than or equal to thirty-five (35%) percent of the Maximum Credit, but less than sixty-five (65%) percent of the Maximum Credit 0.75 % 1.75 % 4 Less than thirty-five (35%) percent of the Maximum Credit 1.00 % 2.00 %" View More