Company: CVGI
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001628280-25-012913
Chunk: 98

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 98
---
 feesAmounts outstanding under the Credit Facilities and the commitment fee payable in connection with the Credit Facilities accrue interest at a per annum rate equal to (at the Company’s option) the base rate or the Term Secured Overnight Financing Rate ("SOFR"), including a credit spread adjustment, plus a rate which will vary according to the Consolidated Total Leverage Ratio as set forth in the most recent compliance certificate received by the Administrative Agent, as set out in the following table:Pricing TierConsolidated TotalLeverage RatioCommitment FeeLetter of Credit FeeTerm SOFR  LoansBase Rate LoansI≥ 4.00 to 1.000.45%3.25%3.25%2.25%II< 4.00 to 1.00 but ≥ 3.50 to 1.000.40%3.00%3.00%2.00%III< 3.50 to 1.00 but ≥ 3.00 to 1.000.35%2.75%2.75%1.75%IV< 3.00 to 1.00 but ≥ 2.50 to 1.000.30%2.50%2.50%1.50%V< 2.50 to 1.000.25%2.25%2.25%1.25%

47

Guarantee and SecurityAll obligations under the Amended Credit Agreement and related documents are unconditionally guaranteed by each of the Company’s existing and future direct and indirect wholly owned material domestic subsidiaries, subject to certain exceptions (the “Guarantors”). All obligations of the Company under the Credit Agreement and the guarantees of those obligations are secured by a first priority pledge of substantially all of the assets of the Company and of the Guarantors, subject to certain exceptions. The property pledged by the Company and the Guarantors includes a first priority pledge of all of the equity interests owned by the Company and the Guarantors in their respective domestic subsidiaries and a first priority pledge of the equity interests owned by the Company and the Guarantors in certain foreign subsidiaries, in each case, subject to certain exceptions.Covenants and other termsThe Amended Credit Agreement contains customary restrictive covenants, including, without limitation, limitations on the ability of the Company and its subsidiaries to incur additional debt and guarantees; grant certain liens on assets; pay dividends or make certain other distributions; make certain investments or acquisitions; dispose of certain assets;