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 an Event of Default under Section 8.01(a), the Standby Letter of Credit Fee and the Trade Letter of Credit Fee payable under subsections (i) and (ii) above shall be computed at a rate per annum equal to the relevant Applicable Margin with respect to the L/C Fee (including both the Standby Letter of Credit Fee and the Trade Letter of Credit Fee) as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 hereof plus 2.00%.

Appears in 3 contracts

Samples: Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.), Credit Agreement (Verifone Systems, Inc.)

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Computation of Certain Fees after Default. Upon the occurrence and during the continuance of an Event of Default under Section 8.01(a) or (f), the Standby Letter of Credit Fee and the Trade Letter of Credit Fee payable under subsections (i) and (ii) above shall be computed at a rate per annum equal to the relevant Applicable Margin with respect to the L/C Fee (including both the Standby Letter of Credit Fee and the Trade Letter of Credit Fee) as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 hereof plus 2.00%.

Appears in 1 contract

Samples: Credit Agreement (VeriFone Holdings, Inc.)

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Computation of Certain Fees after Default. Upon the occurrence and during the continuance of an Event of Default under Section 8.01(a) or (f), the Standby Letter of Credit Fee and the Trade Letter of Credit Fee payable under subsections (i) and (ii) above shall be computed at a rate per annum equal to the relevant Applicable Margin with respect to the L/C Fee (including both the for Standby Letter of Credit Fee Fee” and the “Applicable Margin for Trade Letter of Credit Fee) as set forth in the applicable table in the definition of “Applicable Margin” in Section 1.01 hereof plus 2.00%.

Appears in 1 contract

Samples: Credit Agreement (VeriFone Holdings, Inc.)

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