Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing Bank, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s duration; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Senior Secured Revolving Credit Agreement (FS Investment Corp III), Senior Secured Revolving Credit Agreement (FS Investment Corp II), Senior Secured Revolving Credit Agreement (Corporate Capital Trust, Inc.)
Interim Interest. If an such Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Holding Co)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Revolving Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Revolving Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such Revolving Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Cooper Companies, Inc.), Revolving Credit and Term Loan Agreement, Revolving Credit and Term Loan Agreement (Cooper Companies, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (CSW Industrials, Inc.), Credit Agreement (CSW Industrials, Inc.), Credit Agreement (CSW Industrials, Inc.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Winnebago Industries Inc), Credit Agreement (Winnebago Industries Inc), Credit Agreement (Winnebago Industries Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower obligor Borrower, or a Guarantor on its behalf, shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationthe same Class; provided that, if such Borrower applicable obligor Borrower, or a Guarantor on its behalf, fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this SectionSection 2.04, then the provisions of Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section 2.04 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Colorado Interstate Gas Co), Credit Agreement (Tennessee Gas Pipeline Co), Credit Agreement (El Paso Natural Gas Co)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Company shall reimburse (including the financing thereof by an ABR Borrowing) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower the Company reimburses (including the financing thereof by an ABR Borrowing) such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower the Company fails to reimburse (including the financing thereof by an ABR Borrowing) such LC Disbursement within two Business Days following the date when due pursuant to paragraph subsection (fe) of this Section, then the provisions of Section 2.11(c) 2.11 shall apply. Interest accrued pursuant to this paragraph subsection shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph subsection (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit and Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with in respect to a of any Letter of Credit issued by such Issuing BankCredit, then, unless the applicable Borrower for the account of which such Letter of Credit was issued shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date on which such LC Disbursement is made to but excluding the date that on which such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationFloating Rate Advances; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c) 2.12 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Ameren Illinois Co), Credit Agreement (Ameren Illinois Co), Credit Agreement (Union Electric Co)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Vital Farms, Inc.), Credit Agreement (Nerdwallet, Inc.), Credit Agreement (Nerdwallet, Inc.)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement with in respect to a of any Letter of Credit issued by such Issuing BankCredit, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationRevolving Credit Base Rate Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this SectionSection 2.04, then the provisions of Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (fe) of this Section 2.04 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Lamar Advertising Co), Credit Agreement (Lamar Advertising Co/New), Credit Agreement (Ohio Logos Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (Madison Square Garden Co)
Interim Interest. If an Issuing Bank the L/C Issuer for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankL/C Disbursement, then, unless the applicable Borrower for whose account such Letter of Credit was issued shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that such Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Eurocurrency Base Rate Loans having an Interest Period of one month’s durationor Canadian Prime Rate Loans, as applicable; provided that, that if such Borrower fails to reimburse such LC L/C Disbursement within two Business Days following the date when due pursuant to paragraph clause (f) of this SectionSection 2.16, then the provisions of Section 2.11(c2.06(b)) shall apply. Interest accrued pursuant to this paragraph clause (m) shall be for the account of the applicable Issuing Banksuch L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph clause (f) of this Section 2.16 to reimburse such Issuing Bank L/C Issuer shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Abl Credit Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp), Abl Credit Agreement
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13 (c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Cooper Tire & Rubber Co), Credit Agreement (Meet Group, Inc.), Credit Agreement (MeetMe, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Company shall reimburse (including the financing thereof by an ABR Borrowing) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower the Company reimburses (including the financing thereof by an ABR Borrowing) such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower the Company fails to reimburse (including the financing thereof by an ABR Borrowing) such LC Disbursement within two Business Days following the date when due pursuant to paragraph subsection (fe) of this Section, then the provisions of Section 2.11(c2.11(d) shall apply. Interest accrued pursuant to this paragraph subsection shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph subsection (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co), Credit Agreement (Sherwin Williams Co)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Sprouts Farmers Market, Inc.), Credit Agreement (LHC Group, Inc), Credit Agreement (Sprouts Farmers Market, Inc.)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (including with the proceeds of an ABR Revolving Borrowing or a Swingline Borrowing requested in accordance with paragraph (e) of this Section), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Blockbuster Inc), Credit Agreement (Blockbuster Inc), Credit Agreement (Blockbuster Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Nextgen Healthcare, Inc.), Credit Agreement (Quality Systems, Inc), Credit Agreement (Quality Systems, Inc)
Interim Interest. If an Issuing Bank the LC Issuer shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date on which such LC Disbursement is made to but excluding the date that on which such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationBase Rate Standby Loans; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following (including with the date when due pursuant to proceeds of a Base Rate Borrowing) at the time required under paragraph (fe) of this Section, then the provisions of Section 2.11(c) 2.10 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank the LC Issuer shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De), Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Life Inc), Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Aceto Corp), Credit Agreement (Aceto Corp), Credit Agreement (Aceto Corp)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is madeas required by paragraph (e) above, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower the Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans (or in the case such LC Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Loans having an Interest Period of one month’s durationLoans); provided that, if such Borrower the Company fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Heidrick & Struggles International Inc), Credit Agreement (Heidrick & Struggles International Inc), Credit Agreement (Heidrick & Struggles International Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the Revolving Borrower or as applicable Borrower the Company or a Subsidiary shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Revolving Borrower or as applicable the Company or a Subsidiary reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the Revolving Borrower or as applicable the Company or a Subsidiary fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Revolving Credit Agreement (PERRIGO Co PLC), Revolving Credit Agreement (PERRIGO Co PLC), Revolving Credit Agreement (Perrigo Finance PLC)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter Disbursement, then regardless of Credit issued by the time of Borrower Representative’s receipt of notice of such Issuing Bank, thenLC Disbursement, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding excluding, the date that such Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions default interest rate set forth in Section 2.6(c) of Section 2.11(c) this Agreement shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe)(ii) or (e)(iii) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Astronics Corp), Credit Agreement (Astronics Corp), Credit Agreement (Astronics Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDC Disbursement, then, unless the applicable Borrower shall reimburse such LC DC Disbursement in full on the date such LC DC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC DC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency Base Rate Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC DC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.9(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Micron Technology Inc), Credit Agreement (Micron Technology Inc)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Veris Residential, L.P.), Revolving Credit and Term Loan Agreement (Veris Residential, L.P.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency Revolving Loans having an Interest Period of one month’s durationthat are ABR Loans or Canadian Prime Rate Loans; provided that, that if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this SectionSection 2.05, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Incremental Joinder to First Lien Credit Agreement (Post Holdings, Inc.), First Lien Credit Agreement (Post Holdings, Inc.)
Interim Interest. If an such Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Gas Co)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Charlotte's Web Holdings, Inc.), Credit Agreement (Charlotte's Web Holdings, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, (i) if such amount is denominated in Dollars, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans, (ii) if such amount is denominated in an Alternative Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Euro-Currency Loans having plus the rate per annum at which one-day deposits in relevant currency in an Interest Period amount approximately equal to such unpaid amount are offered by the principal London office of one month’s durationthe Administrative Agent in the London interbank market for such day; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then 2% per annum shall be added to the provisions of Section 2.11(c) shall applyapplicable rate specified above. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with in respect to a of any Letter of Credit issued by such Issuing BankCredit, then, unless the applicable Borrower for the account of which such Letter of Credit was issued shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationFloating Rate Advances; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c) 2.14 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Ameren Energy Generating Co), Credit Agreement (Ameren Energy Generating Co)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Altair Engineering shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower Altair Engineering reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency CBFR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such Borrower fails Altair Engineering fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.14 (c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Altair Engineering Inc.), Credit Agreement (Altair Engineering Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount Dollar Amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationor Canadian Prime Rate Revolving Loans (as applicable) and such interest shall be payable on the date when such reimbursement is due; provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(g) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Standard Motor Products, Inc.), Credit Agreement (Standard Motor Products Inc)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interestinterest in Dollars, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC DisbursementDisbursement as provided in paragraph (f) of this Section, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationSyndicated ABR Loans; provided that, that if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Teleflex Inc), Credit Agreement (Teleflex Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is madein compliance with Section 2.06(e) above, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency CBFR Revolving Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (A.S.V., LLC), Credit Agreement (Manitex International, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with in respect to of a Letter of Credit issued by shall make any L/C Disbursement under such Issuing BankLetter of Credit, then, unless the applicable Borrower Borrowers shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is madedue pursuant to paragraph (e) of this Section, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower fails the Borrowers fail to reimburse such LC L/C Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Great Atlantic & Pacific Tea Co Inc), Credit Agreement (Great Atlantic & Pacific Tea Co Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter Disbursement, then regardless of Credit issued by the time of Company’s receipt of notice of such Issuing Bank, thenLC Disbursement, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding excluding, the date that such Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions default interest rate set forth in Section 2.6(e)(iii) of Section 2.11(c) this Agreement shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe)(ii) or (e)(iii) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Loan Agreement (Moog Inc.), Loan Agreement (Moog Inc)
Interim Interest. If an the Euro Issuing Bank Lender shall make any Euro LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Euro Borrower shall reimburse such Euro LC Disbursement in full on the date such Euro LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Euro LC Disbursement is made to but excluding the date that such the Euro Borrower reimburses such Euro LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationEuro Swingline Loans; provided that, if such the Euro Borrower fails to reimburse such Euro LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Euro Issuing BankLender, except that interest accrued on and after the date of payment by any Euro Revolving Credit Lender pursuant to paragraph (fe) of this Section to reimburse such the Euro Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Dynamic Materials Corp), Credit Agreement (Dynamic Materials Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower or any Additional Borrower, as applicable, shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower or such Additional Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationDomestic Loans; provided that, if the Borrower or such Borrower Additional Borrower, as applicable, fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions third sentence of Section 2.11(c2.7(a) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender Bank pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender Bank to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Ingersoll Rand Co LTD), Credit Agreement (Ingersoll Rand Co LTD)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (either with its own funds or a Borrowing under Section 2.04(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this SectionSection 2.04(e), then the provisions of Section 2.11(c2.12(b) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fSection 2.04(e) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Amended and Restated Credit Agreement (Solaris Oilfield Infrastructure, Inc.), Credit Agreement (Solaris Oilfield Infrastructure, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, (i) if such amount is denominated in Dollars, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans, (ii) if such amount is denominated in an Alternative Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Euro-Currency Loans having plus the rate per annum at which one-day deposits in relevant currency in an Interest Period amount approximately equal to such unpaid amount are offered by the principal London office of one month’s durationthe Administrative Agent in the London Interbank market for such day; provided PROVIDED that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Indenture (Cummins Inc), Credit Agreement (Cummins Inc)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankL/C Disbursement, then, unless the applicable Borrower shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that such the Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Eurocurrency Base Rate Loans having an Interest Period of one month’s durationunder the Revolving Facility; provided that, that if such the Borrower fails to reimburse such LC L/C Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.07(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 2 contracts
Samples: Amendment Agreement (Perella Weinberg Partners), Amendment Agreement (Perella Weinberg Partners)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Sound Energy Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full in the applicable currency on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.10(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Five Year Revolving Credit Agreement (Kyndryl Holdings, Inc.), Revolving Credit Agreement (Kyndryl Holdings, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankL/C Disbursement, then, unless the applicable Borrower shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that such the Borrower reimburses such LC DisbursementL/C Disbursement (including by the making of a Revolving Borrowing), at the rate per annum then applicable to Eurocurrency Loans having an Interest Period that are ABR Loans or Eurodollar Loans, at the election of one month’s durationthe Borrower; provided that, that if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this SectionSection 2.05, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fSection 2.05(e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse or finance such LC Disbursement in full on the date such LC Disbursement is madedue to be reimbursed under paragraph (c) of this Section, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Synchronoss Technologies Inc), Credit Agreement (Synchronoss Technologies Inc)
Interim Interest. If an any Energy Hedging Issuing Bank shall make any Energy Hedging LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such Energy Hedging LC Disbursement in full on the date such Energy Hedging LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Energy Hedging LC Disbursement is made to but excluding the date that such the Borrower reimburses such Energy Hedging LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationAlternate Base Rate plus the Applicable Margin; provided that, if such the Borrower fails to reimburse or finance such Energy Hedging LC Disbursement within two Business Days following the date when due pursuant to paragraph clause (fe) of this Section, then interest shall be paid on such past due amounts at the provisions of Section 2.11(c) shall applyDefault Rate. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Energy Hedging Issuing Bank, except that interest accrued on and after the date of payment by any Energy Hedging Lender pursuant to paragraph clause (fe) of this Section to reimburse such Energy Hedging Issuing Bank shall be for the account of such Energy Hedging Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Puget Energy Inc /Wa), Credit Agreement (Puget Energy Inc /Wa)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (including with the proceeds of an ABR Revolving Borrowing or a Swingline Borrowing requested in accordance with paragraph (e) of this Section), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Symbol Technologies Inc), Credit Agreement (Symbol Technologies Inc)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency any Eurodollar Loans having an of Borrower then in effect with a one-month Interest Period of one month’s durationPeriod; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)
Interim Interest. If an the Issuing Bank in respect of a Letter of Credit shall make any LC Disbursement with respect to a under such Letter of Credit issued by such Issuing BankCredit, then, unless the applicable relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Systemax Inc), Credit Agreement (Calgon Carbon Corporation)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due and payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Clear Secure, Inc.), Credit Agreement (Clear Secure, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Fiesta Restaurant Group, Inc.), Credit Agreement (Fiesta Restaurant Group, Inc.)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full in Dollars on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationBase Rate Advances and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.10(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender Bank pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender Bank to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Brinker International, Inc), Credit Agreement (Brinker International, Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement which is not reimbursed with respect to a Letter of Credit issued by such Issuing Bankan ABR Borrowing in accordance with the terms hereof, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (American Realty Capital Trust V, Inc.), Credit Agreement (American Realty Capital Global Trust, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankL/C Disbursement, then, unless the applicable Borrower shall reimburse such LC L/C Disbursement (including by the making of a Revolving Borrowing) in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, L/C Disbursement at the rate per annum then applicable to Eurocurrency Base Rate Revolving Loans having an Interest Period or Eurodollar Revolving Loans, at the election of one month’s durationthe Borrower; provided that, that if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Allegheny Energy, Inc), Credit Agreement (Allegheny Energy, Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with in respect to of a Letter of Credit issued by shall make any L/C Disbursement under such Issuing BankLetter of Credit, then, unless the applicable Borrower Borrowers shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower fails the Borrowers fail to reimburse such LC L/C Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.. investments shall accumulate in such accounts. Moneys in such accounts shall be
Appears in 1 contract
Samples: Superpriority Debtor in Possession Credit Agreement
Interim Interest. If an theany Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due and payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, (i) if such amount is denominated in Dollars, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans, (ii) if such amount is denominated in an Alternative Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Euro‑Currency Loans having plus the rate per annum at which one-day deposits in relevant currency in an Interest Period amount approximately equal to such unpaid amount are offered by the principal London office of one month’s durationthe Administrative Agent in the London interbank market for such day; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then 2% per annum shall be added to the provisions of Section 2.11(c) shall applyapplicable rate specified above. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Cummins Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (CommerceHub, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, (i) if such amount is denominated in Dollars, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans, (ii) if such amount is denominated in an Alternative Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Euro‑Currency Loans having plus the rate per annum at which one-day deposits in relevant currency in an Interest Period amount approximately equal to such unpaid amount are offered by the principal London office of one month’s durationthe Administrative Agent in the London interbank market for such day; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then 2% per annum shall be added to the provisions of Section 2.11(c) shall applyapplicable rate specified above. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Cummins Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency CBFR Domestic Revolving Loans, CP Canadian Revolving Loans, USBR Canadian Revolving Loans having an Interest Period of one month’s durationor Overnight LIBO Rate European Revolving Loans, as applicable; provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(h) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankRevolving L/C Disbursement, then, unless the applicable Borrower shall reimburse such LC Revolving L/C Disbursement in full on the date such LC Revolving L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Revolving L/C Disbursement is made to but excluding the date that such the Borrower reimburses such LC Revolving L/C Disbursement, at the rate per annum equal to the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationRevolving Facility ABR Loans; provided that, if such Revolving L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (SemGroup Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter Disbursement, then regardless of Credit issued by the time of Borrower’s receipt of notice of such Issuing Bank, thenLC Disbursement, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding excluding, the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions default interest rate set forth in Section 2.6(e)(iii) of Section 2.11(c) this Agreement shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe)(ii) or (e)(iii) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Loan Agreement (Moog Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this SectionSection 2.05, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with in respect to of a Letter of Credit issued by shall make any L/C Disbursement under such Issuing BankLetter of Credit, then, unless the applicable Borrower Borrowers shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is madedue pursuant to paragraph (e) of this Section, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Borrower fails the Borrowers fail to reimburse such LC L/C Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Great Atlantic & Pacific Tea Co Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is maderequired pursuant to Section 2.06(e) above, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency CBFR Revolving Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankRevolving L/C Disbursement, then, unless the applicable Borrower shall reimburse such LC Revolving L/C Disbursement in full on the date such LC Revolving L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Revolving L/C Disbursement is made to but excluding the date that such the Borrower reimburses such LC Revolving L/C Disbursement, at the rate per annum equal to the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such Revolving L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be payable on demand for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (SJW Group)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, (i) if such amount is denominated in Dollars, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans, (ii) if such amount is denominated in an Alternative Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Euro-Currency Loans having plus the rate per annum at which one-day deposits in relevant currency in an Interest Period amount approximately equal to such unpaid amount are offered by the principal London office of one month’s durationthe Administrative Agent in the London Interbank market for such day; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Cummins Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, if such Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (BRP Group, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, (i) if such amount is denominated in Dollars, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans, (ii) if such amount is denominated in an Alternative Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Euro‑Currency Loans having plus the rate per annum at which one-day deposits in relevant currency in an Interest Period amount approximately equal to such unpaid amount are offered by the principal London office of one month’s durationthe Administrative Agent in the London interbank market for such day; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then 2% shall be added to the provisions of Section 2.11(c) shall applyapplicable rate specified above. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Cummins Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency CBFR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is due; provided that, that if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (CRH Medical Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Natus Medical Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless until the applicable Borrower shall reimburse have reimbursed such Issuing Bank for such LC Disbursement in full on the date such LC Disbursement is made(either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fSection 2.08(e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (BKV Corp)
Interim Interest. If an Issuing Bank a Letter of Credit Issuer shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Eurocurrency LIBOR Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such Borrower fails the Borrowers fail to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.8(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bankrelevant Letter of Credit Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank the relevant Letter of Credit Issuer shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Abl Credit Agreement (Univar Inc.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement which is not reimbursed with respect to a Letter of Credit issued by such Issuing Bankan ABR Borrowing in accordance with the terms hereof, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (American Realty Capital Global Trust II, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.16(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank in respect of a Letter of Credit shall make any LC Disbursement with respect to a under such Letter of Credit issued by such Issuing BankCredit, then, unless the applicable relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Systemax Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans, Canadian Prime Rate Loans having an Interest Period of one month’s durationor UK Base Rate Loans (as applicable for the relevant currency); provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter Disbursement, then regardless of Credit issued by the time of Borrower’s receipt of notice of such Issuing Bank, thenLC Disbursement, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding excluding, the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions default interest rate set forth in Section 2.6(e)(iii) of Section 2.11(c) this Agreement shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe)(ii) or (e)(iii) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Loan Agreement (Moog Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be payable on the date when such reimbursement is due; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower (or any other account party) reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum equal to the lower of (i) the rate then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand (ii) the Federal Funds Effective Rate plus the then Applicable Margin for Eurodollar Revolving Borrowings; provided PROVIDED that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the applicable Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank Lender shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse (including through a Borrowing of Syndicated ABR Loans) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationSyndicated ABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the applicable Issuing Bank Lender shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse (including by a Borrowing) such LC Disbursement Disburse- ment in full on not later than the first Business Day following the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Revolving Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c) 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fd)(A) of this Section 2.02 to reimburse such the applicable Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Delta Air Lines Inc /De/)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse (including through a Borrowing of Syndicated ABR Loans) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationSyndicated ABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and DOCVARIABLE #DNDocID \* MERGEFORMAT 765655780 including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationSyndicated ABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two (2) Business Days following the date when due pursuant to paragraph (f) of this SectionSection 2.05, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph (i) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement with in respect to a of any Letter of Credit issued by such Issuing BankCredit, then, unless the applicable Borrower for the account of which such Letter of Credit was issued shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationFloating Rate Advances; provided that, if such Borrower Xxxxxxxx fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c) 2.14 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement
Interim Interest. If an the Issuing Bank shall make any LC Disbursement with respect to a Letter Disbursement, then regardless of Credit issued by the time of Borrower's receipt of notice of such Issuing Bank, thenLC Disbursement, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Eurocurrency Loans having an Interest Period of one month’s durationABR Loans; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of default interest rate set forth in Section 2.11(c2.6(c) hereof shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe)(ii) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Cuno Inc)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursement, the reimbursement is due and payable at the rate per annum then applicable to Eurocurrency ABR Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement with respect to a Letter of Credit issued by such Issuing BankDisbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower reimburses such LC Disbursementthe reimbursement is due and payable, at the rate per annum then applicable to Eurocurrency ABR Revolving Loans having an Interest Period of one month’s durationand such interest shall be due and payable on the date when such reimbursement is payable; provided that, if such the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to paragraph (fe) of this Section, then the provisions of Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
