Extract to table

If the Borrower fails to deliver any required Borrowing Base Certificate or financial statements within the time periods specified herein, the Applicable Margin shall be set at Level III, effective as of the first day of the calendar month following the date on which such delivery was required, and shall remain at Level III until the date that is five (5) Business Days after such Borrowing Base Certificate and financial statements have been delivered

In no event shall the Base Rate Margin be less than zero percent (0%)

"Availability Period" means the period commencing on the Closing Date and ending on the Maturity Date (or such earlier date on which the Commitments shall have been terminated in accordance with this Agreement)

The initial Availability Reserves shall be set at as of the Closing Date

Any change in the Base Rate due to a change in the Prime Rate, the Federal Funds Rate, or Adjusted Term SOFR shall be effective from and including the effective date of such change

"Interest Period" means, with respect to any SOFR Loan, each period commencing on the date such SOFR Loan is disbursed or converted to or continued as a SOFR Loan and ending on the numerically corresponding day in the calendar month that is one (1) or three (3) months thereafter, as the Borrower may elect in the applicable borrowing notice; provided that (a) if any Interest Period would end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last month of such Interest Period) shall end on the last Business Day of the last month of such Interest Period, and (c) no Interest Period shall extend beyond the Maturity Date