Interest for Account of Swing Line Lender. Each Swing Line Lender shall be responsible for invoicing the Borrower for interest on such Swing Line Lender’s Swing Line Loans (provided that any failure of a Swing Line Lender to provide an invoice for interest on Swing Line Loans shall not release the Borrower from its obligation to pay such interest). Until each Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender.
Appears in 6 contracts
Samples: Abl Credit Agreement (U.S. Well Services, Inc.), Abl Credit Agreement (Basic Energy Services Inc), Abl Credit Agreement (U.S. Well Services, Inc.)
Interest for Account of Swing Line Lender. Each Swing Line Lender shall be responsible for invoicing the Borrower Borrowers for interest on such Swing Line Lender’s Swing Line Loans (provided that any failure of a Swing Line Lender to provide an invoice for interest on Swing Line Loans shall not release the Borrower Borrowers from its their obligation to pay such interest). Until each Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender.
Appears in 3 contracts
Samples: Credit Agreement (Newpark Resources Inc), Credit Agreement (Newpark Resources Inc), Credit Agreement (Newpark Resources Inc)
Interest for Account of Swing Line Lender. Each The Swing Line Lender shall be responsible for invoicing the Applicable Borrower for interest on such Swing Line Lender’s the Swing Line Loans (provided that any failure of a Swing Line Lender to provide an invoice for interest on Swing Line Loans shall not release the Applicable Borrower from its obligation to pay such interest). Until each Revolving Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender.
Appears in 2 contracts
Samples: Credit Agreement (C&J Energy Services Ltd.), Credit Agreement (C&J Energy Services Ltd.)
Interest for Account of Swing Line Lender. Each Swing Line Lender shall be responsible for invoicing the Borrower Borrowers for interest on such Swing Line Lender’s the Swing Line Loans (made by it; provided that any the failure of a Swing Line Lender to provide an so invoice for interest on the Borrowers shall not affect the Borrowers’ obligations with respect to Swing Line Loans shall not release the Borrower from its obligation to pay such interest). Until each Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable relevant Swing Line Lender.
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Interest for Account of Swing Line Lender. Each TheEach Swing Line Lender shall be responsible for invoicing the Borrower for interest on such Swing Line Lender’s the Swing Line Loans (made by it; provided that any the failure of a thea Swing Line Lender to provide an so invoice for interest on the Borrower shall not affect the Borrower’s obligations with respect to Swing Line Loans shall not release the Borrower from its obligation to pay such interest). Until each Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable relevant Swing Line Lender.
Appears in 1 contract
Samples: Credit Agreement and Guaranty Agreement (Willis Group Holdings PLC)
Interest for Account of Swing Line Lender. Each The Swing Line Lender shall be responsible for invoicing the Applicable Borrower for interest on such Swing Line Lender’s the Swing Line Loans (provided that any failure of a Swing Line Lender to provide an invoice for interest on Swing Line Loans shall not release the Applicable Borrower from its obligation to pay such interest). Until each Revolving Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 Section 7.04 to refinance such Revolving Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender.
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Interest for Account of Swing Line Lender. Each The Swing Line Lender shall be responsible for invoicing the Borrower for interest on such the Swing Line Lender’s Swing Line Loans (Loans; provided that any the failure of a the Swing Line Lender to provide an so invoice for interest on the Borrower shall not affect the Borrower’s obligations with respect to Swing Line Loans shall not release the Borrower from its obligation to pay such interest). Until each Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender.
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