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This excerpt taken from the CVS 8-K filed Mar 23, 2007. “Applicable
Margin”: (i) with respect to
the unpaid principal
balance of ABR Advances, the applicable percentage set forth below in the column
entitled “ABR Advances”, (ii) with respect to the unpaid principal balance of
Eurodollar Advances, the applicable percentage set forth below in the column
entitled “Eurodollar Advances”, (iii) with respect to the Facility Fee, the
applicable percentage set forth below in the column entitled “Facility Fee”,
(iv) with respect to the Letter of Credit Participation Fee, the applicable
percentage set forth below in the column entitled “Participation Fee”, and (v)
with respect to the Utilization Fee, the applicable percentage set forth below
in the column entitled “Utilization Fee”, in each case opposite the applicable
Pricing Level:
Decreases in the
Applicable Margin resulting from a change in Pricing Level shall become
effective upon the delivery by the Borrower to the Administrative Agent of
a
notice pursuant to Section 7.7(d) . Increases in the Applicable Margin resulting
from a change in Pricing Level shall become effective on the effective date
of
any downgrade or withdrawal in the rating by Moody’s or S&P of the senior
unsecured long term debt rating of the Borrower.
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