Extract to table

Default Rate: An additional 200 basis points per annum above the otherwise applicable rate shall apply during the continuance of any event of default

101% of the principal amount prepaid) shall apply to any repricing transaction occurring within the first six (6) months after the closing date

• Annual De Minimis Basket: Net cash proceeds from asset sales in an aggregate amount not exceeding $25,000,000 in any fiscal year shall be excluded from the mandatory prepayment obligation

100% of net cash proceeds from the issuance of any indebtedness not otherwise permitted under the credit agreement shall be applied to prepay the Term Loan B

The MFN provision includes a 50 basis point threshold: if any incremental term loan facility is priced at an effective yield (including margin and OID, but excluding SOFR floors) that exceeds the effective yield on the initial Term Loan B by more than 50 basis points, then the applicable margin on the initial Term Loan B shall be automatically increased to the extent necessary to reduce the differential to 50 basis points

whether incremental term loans must mature no earlier than the existing Term Loan B), and other customary incremental facility conditions will be addressed during credit agreement drafting