Applicable LIBOR Rate Margin definition

Applicable LIBOR Rate Margin set forth in Section 1.1 of the Credit Agreement is hereby amended to read as follows:

Applicable LIBOR Rate Margin means the per annum rate designated in the definition of “Applicable Margin” as the “Applicable LIBOR Rate Margin”.

Applicable LIBOR Rate Margin means, as at any date of determination, the margin indicated in Section 2.11 as then applicable in the determination of LIBOR Rates.

Applicable LIBOR Rate Margin means the following:

Applicable LIBOR Rate Margin means, as of any date of determination: (i) 0.85%, if Borrower's senior long-term unsecured debt obligations are rated at least BBB+ or Baa1 by one or both of the Rating Agencies, (ii) 0.95%, if Borrower's senior long-term unsecured debt obligations are rated at least BBB or Baa2 by one or both of the Rating Agencies, (iii) 1.05%, if Borrower's senior long-term unsecured debt obligations are rated at least BBB- or Baa3 by one or both of the Rating Agencies, (iv) 1.25% if Borrower's senior long-term unsecured debt obligations are rated at least Ba1/Ba2 or BB+/BB by one or both of the Rating Agencies or (v) 1.50%, in any other case (including, without limitation, if Borrower's senior long-term unsecured debt obligations are not rated by either of the Rating Agencies).

Applicable LIBOR Rate Margin. “Applicable LOC Fee”, “Applicable Prime Rate Margin”, and “Applicable Unused Commitment Fee” means, as of any date, the applicable per annum rate shown in the applicable column in clause (vii) of Section 3.1.

Applicable LIBOR Rate Margin means, as of any date of determination, the following margins based upon the Borrower’s most recent Applicable Margin Leverage Ratio calculation; provided, however, that at any time that a Default or an Event of Default has occurred until the first day of the first fiscal quarter following the date on which such Default or Event of Default is no longer continuing, the Applicable LIBOR Rate Margin shall be at the margin in the row styled “Level I”:” Except as set forth in the foregoing proviso, the Applicable LIBOR Rate Margin shall be based upon the most recent calculation of the Applicable Margin Leverage Ratio for the Borrower, which will be calculated as of the end of each fiscal quarter. Except as set forth in the initial proviso in this definition, the Applicable LIBOR Rate Margin shall be re-determined quarterly on the first day of the fiscal quarter following the date of delivery to Agents of the certified calculation of the Applicable Margin Leverage Ratio pursuant to Section 7.01(a); provided, however, that if the Borrower fails to provide such certification when such certification is due, the Applicable LIBOR Rate Margin shall be set at the margin in the row styled “Level I” as of the first day of the month following the date on which the certification was required to be delivered until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Applicable LIBOR Rate Margin shall be set at the margin based upon the calculations disclosed by such certification. In the event that the information contained in any financial statement or certificate delivered pursuant to this Agreement is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable LIBOR Rate Margin for any period (an “Applicable LIBOR Rate Period”) than the Applicable LIBOR Rate Margin actually applied for such Applicable LIBOR Rate Period, then (i) the Borrower shall promptly (but in any event within 2 Business Days) deliver to the Agents a correct certificate for such Applicable LIBOR Rate Period, (ii) the Applicable LIBOR Rate Margin shall be determined as if the corrected higher Applicable LIBOR Rate Margin were applicable for such Applicable LIBOR Rate Period, and (iii) the Borrower shall promptly (but in any event within 2 Business Days) deliver to the Administrat...

Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations: Applicability Facility A Facility B ------------- Term Loan Term Loan Advances Advances ---------- ---------- (a) Initial Pricing Period 2.000% 2.500%

Applicable LIBOR Rate Margin means, as of any date of determination, the following margin based upon Borrower's most recent Debt to Worth Ratio calculation (determined as set forth in the following paragraph); PROVIDED, HOWEVER, that for the period from the Closing Date through the date Agent receives the certified calculation of the Debt to Worth Ratio in respect of the testing period ending June 30, 2002 delivered by Borrower pursuant to SECTION 6.3(a)(iii)(B), the Applicable LIBOR Rate Margin shall be calculated based upon Borrower's Debt to Worth Ratio as of March 31, 2002 (calculated on a pro forma basis as if the transactions contemplated hereby had been consummated as of such date): -------------------------------------------------------------------------------- Level Debt to Worth Ratio LIBOR Rate Margin -------------------------------------------------------------------------------- I less than 6.5:1.0 2.50 percentage points -------------------------------------------------------------------------------- II equal to or greater than 6.5:1.0 and 2.75 percentage points less than 7.0:1.0 -------------------------------------------------------------------------------- III equal to or greater than 7.0:1.0 3.00 percentage points -------------------------------------------------------------------------------- The Applicable LIBOR Rate Margin shall be based upon Borrower's most recent Debt to Worth Ratio calculation, which will be calculated each fiscal quarter of Borrower as at the end of such fiscal quarter based upon the fiscal quarter then ended. The Applicable LIBOR Rate Margin shall be redetermined each fiscal quarter of Borrower on the date Agent receives the certified calculation of the Debt to Worth Ratio pursuant to SECTION 6.3(a)(iii)(B) hereof; PROVIDED, HOWEVER, that if Borrower fails to provide such certification when such certification is due, the Applicable LIBOR Rate Margin shall be set at the margin in the row styled "Level III" as of the date on which the certification was required to be delivered until the date on which such certification is delivered (on which date (but not retroactively), without constituting a waiver of any Default or Event of Default occasioned by the failure to timely deliver such certification, the Applicable LIBOR Rate Margin shall be set at the margin based upon the Debt to Worth Ratio calculation disclosed by such certification).