Common use of Effect of Certain Inaccuracies Clause in Contracts

Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a) or (b) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereof, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage or Commitment Fee applied for such Applicable Period, then (i) the Borrower shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (ii) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, and (iii) the Borrower shall promptly pay to the Administrative Agent (for the accounts of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 shall not limit the rights of the Administrative Agent or the Lenders with respect to Section 2.07 or Article VII.

Appears in 5 contracts

Samples: Intercreditor Agreement (Community Health Systems Inc), Credit Agreement (Community Health Systems Inc), Credit Agreement (Community Health Systems Inc)

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Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a), (b) or (bc) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereof(regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage or Commitment Fee applied actually used to determine interest rates and Fees for such Applicable Period, then (ia) the Borrower Holdings shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (iib) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, Period and (iiic) the Borrower applicable Borrowers shall promptly pay to the Administrative Agent (for the accounts account of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment and/or Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 9.21 shall not limit the rights of the Administrative Agent or the Lenders with respect to under Section 2.07 or Article VII, and shall survive the termination of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Cbre Group, Inc.), Second Lien Intercreditor Agreement (Cb Richard Ellis Group Inc)

Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a), (b) or (bc) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereof(regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage or Commitment Fee applied actually used to determine interest rates and Fees for such Applicable Period, then (ia) the Borrower Holdings shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (iib) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, and (iiic) the Borrower applicable Borrowers shall promptly pay to the Administrative Agent (for the accounts account of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment and/or Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 9.20 shall not limit the rights of the Administrative Agent or the Lenders with respect to under Section 2.07 or Article VII, and shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cb Richard Ellis Group Inc)

Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a) or (b) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereofinaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage or Commitment Fee applied for such Applicable Period, then (i) the Borrower shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (ii) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, and (iii) the Borrower shall promptly pay to the Administrative Agent (for the accounts of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 9.18 shall not limit the rights of the Administrative Agent or the Lenders with respect to Section 2.07 or Article VII.

Appears in 1 contract

Samples: First Lien Credit Agreement (Itc Deltacom Inc)

Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a), (b) or (bc) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereof(regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, 121 if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage or Commitment Fee applied actually used to determine interest rates and Fees for such Applicable Period, then (ia) the Borrower Holdings shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (iib) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, Period and (iiic) the Borrower applicable Borrowers shall promptly pay to the Administrative Agent (for the accounts account of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment and/or Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 9.21 shall not limit the rights of the Administrative Agent or the Lenders with respect to under Section 2.07 or Article VII, and shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cbre Group, Inc.)

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Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a), (b) or (bc) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereof(regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage or Commitment Fee applied actually used to determine interest rates and Fees for such Applicable Period, then (ia) the Borrower Holdings shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (iib) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, and (iiic) the Borrower applicable Borrowers shall promptly pay to the Administrative Agent (for the accounts account of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment and/or Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 9.21 shall not limit the rights of the Administrative Agent or the Lenders with respect to under Section 2.07 or Article VII, and shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cb Richard Ellis Group Inc)

Effect of Certain Inaccuracies. In the event that any financial statement or certificate delivered pursuant to Section 5.04(a) or (b) and Section 5.04(c), respectively, is inaccurate within one year after delivery thereof, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage or a higher Commitment Fee for any period (an “Applicable Period”) than the Applicable Percentage 143 or Commitment Fee applied for such Applicable Period, then (i) the Borrower shall promptly deliver to the Administrative Agent a corrected financial statement and a corrected compliance certificate for such Applicable Period, (ii) the Applicable Percentage and the Commitment Fee shall be determined based on the corrected compliance certificate for such Applicable Period, and (iii) the Borrower shall promptly pay to the Administrative Agent (for the accounts of the applicable Lenders during the Applicable Period or their successors and assigns) the accrued additional interest or additional Commitment Fees (or both) owing as a result of such increased Applicable Percentage or Commitment Fee for such Applicable Period. This Section 9.19 shall not limit the rights of the Administrative Agent or the Lenders with respect to Section 2.07 or Article VII.

Appears in 1 contract

Samples: Credit Agreement (Community Health Systems Inc)

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