Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 133 contracts
Samples: Credit Agreement (Sitio Royalties Corp.), Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (STR Sub Inc.)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 44 contracts
Samples: Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Earthstone Energy Inc)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the unless Borrower shall have reimbursed the Issuing Bank for reimburse such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interestinterest payable on demand, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable determined pursuant to ABR LoansSection 2.06(c). Interest accrued pursuant to this Section 2.08(h) paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e2.18(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 21 contracts
Samples: Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.07(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.07(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.07(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 19 contracts
Samples: Credit Agreement (Oasis Midstream Partners LP), Credit Agreement (Rattler Midstream Lp), Credit Agreement (Rattler Midstream Lp)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until unless the Borrower shall have reimbursed the Issuing Bank for reimburse such LC Disbursement in full on the date set forth in paragraph (either with its own funds or a Borrowing under e) of this Section 2.08(e))2.17, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made required to be reimbursed to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loansset forth in Section 2.10(c)(ii). Interest accrued pursuant to this Section 2.08(h) paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 13 contracts
Samples: Incremental Assumption Agreement (Match Group, Inc.), Credit Agreement (Match Group, Inc.), Credit Agreement (Match Group, Inc.)
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.09(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.09(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 12 contracts
Samples: Revolving Credit Agreement (Diversified Energy Co PLC), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Revolving Credit Agreement (Diversified Energy Co PLC)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 9 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Atlas Energy, L.P.), Credit Agreement (McMoran Exploration Co /De/)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 6 contracts
Samples: Credit Agreement (Titan Energy, LLC), Credit Agreement (Atlas Growth Partners, L.P.), Credit Agreement (Atlas Growth Partners, L.P.)
Interim Interest. If the Issuing Bank any Issuer shall make any LC Letter of Credit Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank such Issuer for such LC Letter of Credit Disbursement (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 Letter of Credit Disbursement is made to but excluding the date that the Borrower reimburses such LC Letter of Credit Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Banksuch Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank such Issuer shall be for the account of such Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Constellation Energy Partners LLC), Credit Agreement (Constellation Energy Partners LLC), Credit Agreement (Constellation Energy Partners LLC)
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Sundance Energy Inc.), Credit Agreement (Sundance Energy Inc.), Credit Agreement (Sundance Energy Australia LTD)
Interim Interest. If the Issuing Bank Issuer shall make any LC Letter of Credit Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank such Issuer for such LC Letter of Credit Disbursement (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 Letter of Credit Disbursement is made to but excluding the date that the Borrower reimburses such LC Letter of Credit Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Banksuch Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank such Issuer shall be for the account of such Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Sanchez Production Partners LP), Credit Agreement, Credit Agreement
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.08(f)), 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.08(i) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.08(f) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (SM Energy Co), Credit Agreement (SM Energy Co), Credit Agreement (St Mary Land & Exploration Co)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower Borrowers shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Chaparral Energy, Inc.), Credit Agreement (Ellora Energy Inc), Credit Agreement (Chaparral Energy, Inc.)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.07(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.07(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 Section 2.08(e2.07(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Southcross Energy Partners, L.P.), Revolving Credit Agreement, Revolving Credit Agreement
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.08(g) shall be for the account of the Issuing BankAdministrative Agent, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank Administrative Agent shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Petro Resources Corp), Credit Agreement (ABC Funding, Inc), Credit Agreement (Trans Energy Inc)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Eurodollar Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any New Money Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Restructuring Support and Lock Up Agreement (Legacy Reserves Inc.), Restructuring Support and Lock Up Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Inc.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Magnum Hunter Resources Corp), Credit Agreement (Magnum Hunter Resources Corp), Credit Agreement (Magnum Hunter Resources Corp)
Interim Interest. If the Issuing Bank Issuer shall make any LC Letter of Credit Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank such Issuer for such LC Letter of Credit Disbursement (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 Letter of Credit Disbursement is made to but excluding the date that the Borrower reimburses such LC Letter of Credit Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Banksuch Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank such Issuer shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Evolve Transition Infrastructure LP), Credit Agreement (Evolve Transition Infrastructure LP), Credit Agreement (Sanchez Midstream Partners LP)
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Us Energy Corp), Credit Agreement (Emerald Oil, Inc.), Credit Agreement (Emerald Oil, Inc.)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.09(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 Section 2.08(e2.09(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower Borrowers shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.08(d) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Sanchez Energy Corp), Credit Agreement (Sanchez Energy Corp)
Interim Interest. If the Issuing Bank Lender shall make any LC Disbursement, then, until the Borrower Borrowers shall have reimbursed the Issuing Bank Lender for such LC Disbursement (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 the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Hornbeck Offshore Services Inc /La), Senior Secured Revolving Credit Agreement (Hornbeck Offshore Services Inc /La)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.08(g) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Northern Oil & Gas, Inc.), Credit Agreement (Northern Oil & Gas, Inc.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the applicable Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans that are Revolving Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(e) to reimburse the applicable Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Grizzly Energy, LLC), Credit Agreement (Vanguard Natural Resources, Inc.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until Disbursement the Borrower shall have reimbursed payment by the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under of which does not constitute an ABR Loan pursuant to Section 2.08(e)2.07(e), then 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 reimburses such LC Disbursement, at the rate per annum then applicable equal to ABR Loans2% per annum plus the Alternate Base Rate plus the Applicable Rate. Interest accrued pursuant to this Section 2.08(h) paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Wright Express CORP), Credit Agreement (Wright Express CORP)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Permian Resources Corp), Credit Agreement (Hercules Offshore, LLC)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans that are Revolving Loans. Interest accrued pursuant to this Section 2.08(h2.09(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(e2.09(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.09(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.09(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing Delayed Draw Loan under Section 2.08(e2.06(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR the Loans. Interest accrued pursuant to this Section 2.08(h2.06(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.06(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Rex Energy Corp), Term Loan Credit Agreement (Rex Energy Corp)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any US 9364157v.4 WEL554/78009 Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Viper Energy Partners LP)
Interim Interest. If the Issuing Bank Lender shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank Lender for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Hornbeck Offshore Services Inc /La)
Interim Interest. If the Issuing Bank shall make any LC DisbursementDisbursement which is not repaid by application of cash collateral held by the Administrative Agent to secure the Letter of Credit, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h1.01(d) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e1.01(a) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the applicable Issuing Bank shall make any LC Disbursement, then, then until the Borrower shall have reimbursed the applicable Issuing Bank for such LC Disbursement (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 made, but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(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 Section 2.08(e) to reimburse the applicable 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 the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans that are Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Credit Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (SRC Energy Inc.)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.08(d) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.07(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.07(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 Section 2.08(e2.07(d) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Revolving Borrowing under Section 2.08(e2.07(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans. Interest accrued pursuant to this Section 2.08(h2.07(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e2.07(e) to reimburse the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Southcross Energy Partners, L.P.)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(e)), the Dollar Equivalent of 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.09(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.09(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (PMFG, Inc.)
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(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 Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until Disbursement the Borrower shall have reimbursed payment by the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under of which does not constitute an ABR Loan pursuant to Section 2.08(e)2.04(e), then 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 reimburses such LC Disbursement, at the rate per annum then applicable equal to ABR Loans2% per annum plus the Alternate Base Rate plus the Applicable Rate. Interest accrued pursuant to this Section 2.08(h) paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.07(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.07(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the applicable Issuing Bank shall make any LC Disbursement, then, then until the Borrower shall have reimbursed the applicable Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(f)), 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.09(i) 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 Section 2.08(e2.09(f) to reimburse the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Forest Oil Corp)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Plains Exploration & Production Co)
Interim Interest. If the Issuing Bank (or Underlying Issuer) shall make any LC Disbursement, then, until the Borrower Borrowers shall have reimbursed the Issuing Bank (or Underlying Issuer) for such LC Disbursement (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 the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans. Interest accrued pursuant to this Section 2.08(h2.01(i) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.01(f) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until unless the Borrower shall have reimbursed the Issuing Bank for reimburse such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansBase Rate Loans (if in U.S. Dollars, Euros or any other currency). Interest accrued pursuant to this Section 2.08(h2.18(8) 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 Section 2.08(e2.18(5) to reimburse 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 the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall 69 bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(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 Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until Disbursement the Borrower shall have reimbursed payment by the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under of which does not constitute an ABR Loan pursuant to Section 2.08(e)2.04(e), then 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 reimburses such LC Disbursement, at the rate per annum then applicable equal to ABR Loans2% per annum in excess of the Alternate Base Rate plus the Applicable Rate. Interest accrued pursuant to this Section 2.08(h) paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank Lender shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank Lender for such LC Disbursement (either with its own funds or a Borrowing borrowing under Section 2.08(e)3.6), 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) 3.9 shall be for the account of the Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) 3.6 to reimburse the Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Blueknight Energy Partners, L.P.)
Interim Interest. If the Issuing Bank shall make any LC ----------------- Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the Issuing Bank shall make any LC ----------------- Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.08(f)), 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.08(i) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.08(f) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.08(d)), 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.08(d) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC Disbursement, at the rate per annum then applicable equal to ABR LoansAlternate Base Rate plus 2%. Interest accrued pursuant to this Section 2.08(h) 2.08 shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) 2.08 to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Letter of Credit Facility Agreement (Black Elk Energy Finance Corp.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the unless Borrower shall have reimbursed the Issuing Bank for reimburse such LC Disbursement (either with its own funds or a Borrowing under in full by the date and time required by Section 2.08(e)2.18(e)(i), the unpaid amount thereof shall bear interestinterest payable on demand, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable determined pursuant to ABR LoansSection 2.06(c). Interest accrued pursuant to this Section 2.08(h) paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.18(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) 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 Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.07(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.07(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.07(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Plains Exploration & Production Co)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Chord Energy Corp)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.. Annex II shall, notwithstanding anything to the contrary in
Appears in 1 contract
Samples: Credit Agreement (Pressburg, LLC)
Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the applicable Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e))Disbursement, 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 reimburses such LC DisbursementDisbursement (either with its own funds or a Borrowing of Revolving Loans under Section 2.07), at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.05(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 Section 2.08(e2.05(e) to reimburse 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 the applicable Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the applicable Issuing Bank for such LC Disbursement (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 made, but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(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 Section 2.08(e) to reimburse 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 the Issuing Bank Lender shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank Lender for such LC Disbursement (either with its own funds or a Borrowing borrowing under Section 2.08(e)3.6), 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 reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) 3.9 shall be for the account of the Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) 3.6 to reimburse the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Blueknight Energy Partners, L.P.)
Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of US 793906v.7 payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Linn Energy, LLC)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(eSection 2.09(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(hSection 2.09(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(eSection 2.09(e) to reimburse the Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
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Interim Interest. If the Issuing Bank (or other issuing bank) shall make any LC Disbursement, then, until the Borrower Borrowers shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
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Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(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 Revolving Bank pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender Revolving Bank to the extent of such payment.
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Samples: Fifth Amended and Restated Credit Agreement (Vital Energy, Inc.)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.2.08
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Interim Interest. If the an Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
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Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.09(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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.09(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(e2.09(e) to reimburse the Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
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Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (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 the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans that are Revolving Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
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Interim Interest. If the any Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, CREDIT AGREEMENT for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the such Issuing Bank shall be for the account of such Lender to the extent of such payment.
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Samples: Credit Agreement (Linn Energy, LLC)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e2.07(e)), the unpaid amount thereof 50 shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h2.07(h) shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e2.07(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.
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Samples: Credit Agreement