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.

Appears in 4 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 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.

Appears in 2 contracts

Samples: 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 Percentage or Applicable Commitment 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 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 Banks notice of such recalculation.

Appears in 1 contract

Samples: Credit Agreement (Respironics Inc)

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