Common use of Computation of Certain Fees after Default Clause in Contracts

Computation of Certain Fees after Default. Upon the occurrence and during the continuance of a Default or an Event of Default, the Letter of Credit Fee payable under subsection (i) above shall be computed at a rate per annum equal to the relevant “Applicable Margin for Letter of Credit Fee” as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 (based on Pricing Level I) hereof plus 2.00%.

Appears in 2 contracts

Samples: Credit Agreement (Central Credit, LLC), Credit Agreement (Global Cash Access, Inc.)

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Computation of Certain Fees after Default. Upon the occurrence and during the continuance of a Default payment or an insolvency Event of Default, the Default under Section 8.01(a) and/or (f) any overdue Letter of Credit Fee payable under subsection (i) above or subsection (v) below shall be computed at a rate per annum equal to the relevant “Applicable Margin for Letter of Credit Fee” as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 (based on Pricing Level I) hereof plus 2.00%.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

Computation of Certain Fees after Default. Upon the occurrence and during the continuance of a Default payment or an insolvency Event of Default, the Default under Section 8.01(a) and/or (f) any overdue Letter of Credit Fee payable under subsection (i) above shall be computed at a rate per annum equal to the relevant "Applicable Margin for Letter of Credit Fee" as set forth in the applicable table in the definition of "Applicable Margin" in Section 1.01 (based on Pricing Level I) hereof plus 2.00%.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

Computation of Certain Fees after Default. Upon the occurrence and during the continuance of a Default payment or an insolvency Event of DefaultDefault under Section 8.01(a), the any overdue Letter of Credit Fee Fees payable under subsection (i) above shall be computed at a rate per annum equal to the relevant “Applicable Margin for Letter of Credit Fee” as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 (based on Pricing Level I) hereof plus 2.00%.

Appears in 1 contract

Samples: Credit Agreement (Amf Bowling Worldwide Inc)

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Computation of Certain Fees after Default. Upon the occurrence and during the continuance of a Default payment or an insolvency Event of Default, the Default under Section 8.01(a) and/or (f) any overdue Letter of Credit Fee payable under subsection (i) above shall be computed at a rate per annum equal to the relevant “Applicable Margin for Letter of Credit Fee” as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 (based on Pricing Level I) hereof plus 2.00%.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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