Common use of Change in Fees or Interest Rates Clause in Contracts

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate or Applicable Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Commitment Fee, or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders notice of such recalculation. 4.1.3.1 Any additional interest, Commitment Fee, or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Fee, or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 Any interest, Commitment Fee, or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders are no longer committed to lend under this Agreement, the Lenders shall pay the Agent for the account of the Borrower such interest, Commitment Fee, or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable Commitment 364-Day Facility Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Facility Fee, the 364-Day Facility Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Commitment Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders Banks notice of such recalculation. 4.1.3.1 4.1.4.1 Any additional interest, Commitment Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Facility Fee, 364-Day Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 4.1.4.2 Any interest, Commitment Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders Banks are no longer committed to lend under this Agreement, the Lenders Banks shall pay the Agent for the account of the Borrower such interest, Commitment Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the LendersBanks.

Appears in 3 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate or Applicable Commitment Facility Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, Facility Fee or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Commitment Fee, Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders Banks notice of such recalculation. 4.1.3.1 Any additional interest, Commitment Fee, Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Fee, Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 Any interest, Commitment Fee, Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders Banks are no longer committed to lend under this Agreement, the Lenders Banks shall pay the Agent for the account of the Borrower such interest, Commitment Fee, Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the LendersBanks.

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Revolving Credit Facility (New Jersey Resources Corp)

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate or Applicable Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, Fee or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Commitment Fee, Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders notice of such recalculation. 4.1.3.1 4.1.3.1. Any additional interest, Commitment Fee, Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Fee, Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 4.1.3.2. Any interest, Commitment Fee, Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders are no longer committed to lend under this Agreement, the Lenders shall pay the Agent for the account of the Borrower such interest, Commitment Fee, Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Commercial Letter of Credit Fee Rate Percentage, Applicable Standby Letter of Credit Fee Percentage, Applicable Facility Fee Percentage or Applicable Commitment Utilization Fee Rate Percentage is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, or the Letter of Credit FeeFees, Facility Fees or Utilization Fees, the Administrative Agent shall recalculate the additional or lesser interest, Commitment Fee, or Letter of Credit Fee Fees, Facility Fees or Utilization Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Administrative Agent of such increase or decrease, give the Borrower and the Lenders Banks notice of such recalculation. 4.1.3.1 3.1.3.1 Any additional interest, Commitment Fee, or Letter of Credit Fee, Facility Fee or Utilization Fee due from the Borrower shall be paid to the Administrative Agent for the account of the Lenders Banks on the next date on which an interest interest, Letter of Credit Fee, Facility Fee or fee Utilization Fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Fee, or Letter of Credit Fee, Facility Fee or Utilization Fee shall be paid promptly not later than five (5) Business Days after receipt of written request for payment from the Administrative Agent. 4.1.3.2 3.1.3.2 Any interest, Commitment Fee, or Letter of Credit Fee, Facility Fee or Utilization Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest interest, Letter of Credit Fee, Facility Fee or fee Utilization Fee payment due date or, if the Loans have been repaid and the Lenders Banks are no longer committed to lend under this Agreement, the Lenders Banks shall pay to the Administrative Agent for the account of the Borrower such interest, Commitment Fee, or Letter of Credit Fee, Facility Fee or Utilization Fee refund not later than five (5) Business Days after written notice from the Administrative Agent to the LendersBanks.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate or Applicable Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Commitment Fee, or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders notice of such recalculation. 4.1.3.1 Any additional interest, Commitment Fee, or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and 00 XXXX 000000x0 payable, such additional interest, Commitment Fee, or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 Any interest, Commitment Fee, or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders are no longer committed to lend under this Agreement, the Lenders shall pay the Agent for the account of the Borrower such interest, Commitment Fee, or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate Margin or Applicable Commitment Fee Rate Amount is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, or the Letter of Credit FeeFees or Commitment Fees, the Agent shall recalculate the additional interest, Commitment Fee, or Letter of Credit Fee Fees or Commitment Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders notice of such recalculation. 4.1.3.1 4.1.4.1 Any additional interest, Commitment Fee, or Letter of Credit Fees or Commitment Fee due from the Borrower shall be paid to the Agent for the account of the Lenders on the next date on which an interest interest, Letter of Credit Fees or fee payment is due; provided, however, that if there are no Loans -------- ------- outstanding or if the Loans are due and payable, such additional interest, Commitment Fee, or Letter of Credit Fees or Commitment Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 4.1.4.2 Any interest, Commitment Fee, or Letter of Credit Fees or Commitment Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders are no longer committed to lend under this Agreement, the Lenders shall pay the Agent for the account of the Borrower such interest, Commitment Fee, or Letter of Credit Fees or Commitment Fee refund not later than five Business Days after written notice from the Agent to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

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Change in Fees or Interest Rates. If the Applicable Margin, Applicable Commercial Letter of Credit Fee Rate Percentage, Applicable Standby Letter of Credit Fee Percentage or Applicable Commitment Facility Fee Rate Percentage is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, or the Letter of Credit FeeFees or Facility Fees, the Administrative Agent shall recalculate the additional or lesser interest, Commitment Fee, or Letter of Credit Fee Fees or Facility Fees due from or to the Borrower and shall, within fifteen at least five (155) Business Days prior to next subsequent interest payment date occurring after the Borrower notifies the Administrative Agent of such increase or decrease, give the Borrower and the Lenders Banks notice of such recalculation. 4.1.3.1 3.1.3.1 Any additional interest, Commitment Fee, or Letter of Credit Fee or Facility Fee due from the Borrower shall be paid to the Administrative Agent for the account of the Lenders Banks on the next date on which an interest interest, Letter of Credit Fee or fee Facility Fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Fee, or Letter of Credit Fee or Facility Fee shall be paid promptly not later than five (5) Business Days after receipt of written request for payment from the Administrative Agent. 4.1.3.2 3.1.3.2 Any interest, Commitment Fee, or Letter of Credit Fee or Facility Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest interest, Letter of Credit Fee or fee Facility Fee payment due date or, if the Loans have been repaid and the Lenders Banks are no longer committed to lend under this Agreement, the Lenders Banks shall pay to the Administrative Agent for the account of the Borrower such interest, Commitment Fee, or Letter of Credit Fee or Facility Fee refund not later than five (5) Business Days after written notice from the Administrative Agent to the LendersBanks.

Appears in 1 contract

Samples: Revolving Credit Facility (Big Lots Inc)

Change in Fees or Interest Rates. If the Applicable Margin, the Applicable Facility Fee Rate or the Applicable Letter of Credit Fee Rate or Applicable Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Fee, Facility Fees or the Letter of Credit FeeFees, the Agent shall recalculate the additional interest, Commitment Fee, Facility Fees or Letter of Credit Fee Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders Banks notice of such recalculation. 4.1.3.1 4.1.4.1 Any additional interest, Commitment Fee, interest or Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the no Loans are due and payable, such additional interest, Commitment Fee, or Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 4.1.4.2 Any interest, Commitment Fee, Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders Banks are no longer committed to lend under this Agreement, the Lenders Banks shall pay the Agent for the account of the Borrower such interest, Commitment Fee, Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the LendersBanks.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate or Applicable Commitment Facility Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Commitment Facility Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Commitment Facility Fee, or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Lenders Banks notice of such recalculation. 4.1.3.1 Any additional interest, Commitment Facility Fee, or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Lenders Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Commitment Facility Fee, or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 Any interest, Commitment Facility Fee, or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Lenders Banks are no longer committed to lend under this Agreement, the Lenders Banks shall pay the Agent for the account of the Borrower such interest, Commitment Facility Fee, or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the LendersBanks.

Appears in 1 contract

Samples: Revolving Credit Facility (New Jersey Resources Corp)

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