The Base Rate" with respect to the Tranche B-2 Term Facility is defined as the higher of (i) the Federal Funds Rate, as published by the Federal Reserve Bank of New York, plus 50 basis points, (ii) the prime commercial lending rate of Wells Fargo as established from time to time and (iii) Term SOFR for an interest period of one month plus 100 basis points; provided that if the Base Rate is negative it shall be deemed to be zero. The Applicable Margin" for the Tranche B-2 Term Facility is 175 basis points in the case of Term SOFR loans and 75 basis points in the case of Base Rate loans. The Applicable Margin" with respect to the Extended Tranche B-1 Term Facility before giving effect to the Seventh Amendment was 200 basis points for Term SOFR loans and 100 basis points for Base Rate loans.