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

Change in Fees or Interest Rates. If the Applicable Margin is increased or reduced with respect to any period for which a Borrower has already paid interest or Commitment Fees, the Agent shall recalculate the interest or Commitment Fees due from or payable to such Borrower and shall give such Borrower and the Lenders written notice of such recalculation not later than fifteen (15) Business Days after written notice from the Agent to the Borrowers of such increase or decrease.

Appears in 2 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp)

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Change in Fees or Interest Rates. If the Applicable Margin or any applicable fee amount is increased or reduced pursuant to the terms and conditions of this Agreement with respect to any period for which a the Borrower has already paid interest or Commitment Feesfees, the Agent shall recalculate the additional interest or Commitment Fees fees due from or payable due to the Borrower with respect to such Borrower period and shall give such Borrower and the Lenders written notice of such recalculation not later than shall, within fifteen (15) Business Days after written notice from the Borrower notifies the Agent to the Borrowers of such increase or decrease, give the Borrower and the Banks notice of such recalculation.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

Change in Fees or Interest Rates. If the Applicable Margin or Applicable Commitment Fee Rate is increased or reduced with respect to any period for which a the Borrower has already paid interest or the Commitment FeesFee, the Agent shall recalculate the additional interest or Commitment Fees Fee due from or payable to such the Borrower and shall give such Borrower and the Lenders written notice of such recalculation not later than shall, within fifteen (15) Business Days after written notice from the Borrower notifies the Agent to the Borrowers of such increase or decrease, give the Borrower and the Lenders notice of such recalculation.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

Change in Fees or Interest Rates. If the Applicable Margin or Applicable Fee Amount is increased or reduced with respect to any period for which a the Borrower has already paid interest interest, Letter of Credit Fees or Commitment Fees, the Agent shall recalculate the interest additional interest, Letter of Credit Fees or Commitment Fees due from or payable to such the Borrower and shall give such Borrower and the Lenders written notice of such recalculation not later than shall, within fifteen (15) Business Days after written notice from the Borrower notifies the Agent to the Borrowers of such increase or decrease, give the Borrower and the Lenders notice of such recalculation.

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

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Change in Fees or Interest Rates. If the Applicable Margin is increased or reduced with respect to any period for which a the Borrower has already paid interest or Commitment Feesinterest, the Agent shall recalculate the interest or Commitment Fees due from or payable to such the Borrower and shall give such Borrower and the Lenders written notice of such recalculation not later than shall, within fifteen (15) Business Days after written notice from the Borrower notifies the Agent to the Borrowers of such increase or decrease, give the Borrower and the Banks notice of such recalculation.

Appears in 1 contract

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

Change in Fees or Interest Rates. If the Applicable Margin is increased or reduced with respect to any period for which a the Borrower has already paid interest or Commitment Feesinterest, the Agent shall recalculate the interest or Commitment Fees due from or payable to such the Borrower and shall give such Borrower and the Lenders written notice of such recalculation not later than shall, within fifteen (15) Business Days after written notice from the Borrower notifies the Agent to the Borrowers of such increase or decrease, give the Borrower and the Lenders notice of such recalculation.

Appears in 1 contract

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

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