Borrowings (Tables)

12 Months Ended

Dec. 28, 2019

Borrowings

Schedule of funded debt to adjusted ratio percentage

Applicable Rate means the applicable rate per annum set forth below, based upon Escalade’s Funded Debt to Adjusted Ratio as of the most recent determination date:

Funded Debt to	Revolving		ABR
EBITDA	Eurodollar		Revolving		Letter of		Commitment
Ratio	Borrowing		Borrowing		Credit Fee		Fee
Category 1 Greater than or equal to 2.50 to 1.0	2.00	%	0	%	2.00	%	0.30	%
Category 2 Greater than or equal to 1.50 to 1.0 but less than 2.50 to 1.0	1.75	%	(0.25)	%	1.75	%	0.30	%
Category 3    Less than 1.50 to 1.0	1.50	%	(0.50)	%	1.50	%	0.30	%