Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 10 contracts
Samples: First Lien Credit Agreement (Waystar Holding Corp.), First Lien Credit Agreement (Waystar Holding Corp.), First Lien Credit Agreement (Waystar Holding Corp.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 and shall be payable on within two Business Days of demand or, if no demand has been made, within two Business Days of the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full full. If any Revolving Lender shall not have made its Applicable Percentage of such LC Disbursement available to the Administrative Agent as provided in clause (andf) above, thereaftersuch Revolving Lender shall agree to pay interest on such amount, for each day from and including the date such amount is required to be paid at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on demand)interbank compensation.
Appears in 9 contracts
Samples: Revolving Credit Agreement (Vacasa, Inc.), Credit Agreement (EverCommerce Inc.), Credit Agreement (Sinclair Broadcast Group Inc)
Interim Interest. If any Issuing Bank makes the LC Issuer shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made (or, if notice of such LC Disbursement is given later than 1:00 p.m., New York City time, on the date of such LC Disbursement, then from and including the next Business Day) to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to Floating Rate plus the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Applicable Margin; provided that that, if the Borrower fails to reimburse such LC Disbursement within five Business Days of the date when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(c) then the unpaid amount thereof shall applybear interest, for each day from and including the date when due to and including the date that the Borrower reimburses such LC Disbursement, at the Floating Rate plus the Applicable Margin plus 2% per annum. Interest accrued pursuant to this paragraph shall be for the account of the LC Issuer with respect to the applicable Issuing BankLetter of Credit, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank LC Issuer shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 6 contracts
Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ed) of this Section, then Section 2.05, Section 2.13(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 (ed) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 6 contracts
Samples: Credit Agreement (Cava Group, Inc.), Credit Agreement (Cava Group, Inc.), Credit Agreement (Cava Group, Inc.)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 6 contracts
Samples: Credit Agreement (ATI Physical Therapy, Inc.), Credit Agreement (ATI Physical Therapy, Inc.), Credit Agreement (Definitive Healthcare Corp.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (x) in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans that are ABR Loans and (or, to y) in the extent case of the participation in such an LC Disbursement by any that is not denominated in dollars, Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 and shall be payable on within two Business Days of demand or, if no demand has been made, within two Business Days of the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full full. If any Revolving Lender shall not have made its Applicable Percentage of such LC Disbursement available to the Administrative Agent as provided in clause (andf) above, thereaftersuch Revolving Lender shall agree to pay interest on such amount, for each day from and including the date such amount is required to be paid at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on demand)interbank compensation.
Appears in 6 contracts
Samples: Credit Agreement (First Advantage Corp), First Lien Credit Agreement (First Advantage Corp), Credit Agreement (First Advantage Corp)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (x) in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans that are ABR Loans and (or, to y) in the extent case of the participation in such an LC Disbursement by any that is not denominated in dollars, Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 and shall be payable on within two Business Days of demand or, if no demand has been made, within two Business Days of the date on which the Borrower is required to Borrowers reimburse the applicable LC Disbursement in full full. If any Revolving Lender shall not have made its Applicable Percentage of such LC Disbursement available to the Administrative Agent as provided in clause (andf) above, thereaftereach of such Revolving Lender shall agree to pay interest on such amount, for each day from and including the date such amount is required to be paid at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on demand)interbank compensation.
Appears in 6 contracts
Samples: First Lien Credit Agreement (New Whale Inc.), Fourth Amendment (New Whale Inc.), Fourth Amendment (Endeavor Group Holdings, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in a Designated Foreign Currency pursuant to paragraph (e) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in a Designated Foreign Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) of another Classthis Section, the at a rate per annum then reasonably determined by the applicable Issuing Bank to represent the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurodollar Revolving Loans of at such other Class)time; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds in respect of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent a Letter of the participation Credit denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to ABR Loans, (ii) in the Revolving case of any LC Disbursement in respect of a Letter of Credit denominated in Canadian Dollars, the rate per annum then applicable to Canadian Base Rate Loans, (iii) in the case of any LC Disbursement in respect of a Letter of Credit denominated in Sterling, the Bank of England Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans and (iv) in the case of such other Class)any LC Disbursement in respect of a Letter of Credit denominated in Euro, the European Central Bank Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans; provided that if that, at all times after the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(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 (e) of this Section 2.05 to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Subsidiary Guarantee Agreement (Molson Coors Brewing Co), Credit Agreement (Molson Coors Brewing Co), Credit Agreement (Molson Coors Brewing Co)
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses or the Applicant Party shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower or the Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement or the Applicant Party when due pursuant to paragraph (e) of this Section, then Section 2.052.13(c) shall apply; provided, further, that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans and (C) Section 2.13(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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Reaffirmation Agreement (Alpha Natural Resources, Inc.), Credit Agreement (Alpha Natural Resources, Inc.), Credit Agreement (Massey Energy Co)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Parent Borrower reimburses (or the Subsidiary that is jointly and severally liable with respect to the Letter of Credit in question) shall reimburse such LC Disbursement in full on the date such LC Disbursement has been is made, including by financing such payment obligation with an ABR Loan in accordance with paragraph (e) of this Section (or, if such date is not a Business Day, on or prior to the next Business Day), 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 Parent Borrower (or such Subsidiary) reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Parent Borrower (or such Subsidiary) fails to reimburse such LC Disbursement when due (including by financing such payment obligation with an ABR Loan) pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.11(d) shall apply; and provided, further, that, in the case of an LC Disbursement made under an Alternative Currency Letter of Credit, the amount of interest due with respect thereto shall accrue on the Dollar Equivalent, calculated using the Exchange Rate at the time such LC Disbursement was made, of such LC Disbursement. 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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Credit Agreement (Ralph Lauren Corp), Credit Agreement (Ralph Lauren Corp), Credit Agreement (Ralph Lauren Corp)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the later of (i) the date when such LC Disbursement has been madeis made and (ii) the date upon which such Borrower receives notice of such LC Disbursement pursuant to paragraph (g) above (such later date, the “Interest Commencement Date”), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made Interest Commencement Date to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which reimbursement of such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, at the rate provided in Section 2.052.12 with respect to (x) in the case of LC Disbursements denominated in US Dollars, ABR Loans and (y) in the case of LC Disbursements denominated in Canadian Dollars, Canadian Prime Rate Loans, and, if not so reimbursed on the date due pursuant to paragraph (e) of this Section, then from and including such date so due to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate provided in Section 2.13(c2.12(g) shall applywith respect to such Loans. 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 (e) of this Section 2.05 Section, to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Bath & Body Works, Inc.), Revolving Credit Agreement (Bath & Body Works, Inc.), Revolving Credit Agreement (Victoria's Secret & Co.)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to in the extent of the participation in case such LC Disbursement by any 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 Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is due; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the a Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (orLoans, to in the extent case of the participation in such an LC Disbursement by any Revolving Lender of another Classthe US Issuing Bank, at the rate per annum then applicable to Canadian Prime Loans, in the Revolving Loans case of such other Class)an LC Disbursement by the Canadian Issuing Bank and at the rate per annum then applicable to Eurodollar Loans, in the case of an LC Disbursement by the UK Issuing Bank; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 Revolving Lender pursuant to paragraph (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 5 contracts
Samples: Desktop Appraisal (Cott Corp /Cn/), Desktop Appraisal (Cott Corp /Cn/), Credit Agreement (Cott Corp /Cn/)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loansa Loan, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 5 contracts
Samples: Credit Agreement (Victory Capital Holdings, Inc.), Credit Agreement (Victory Capital Holdings, Inc.), Credit Agreement (Cowen Inc.)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Company reimburses such LC Disbursement Disbursement, (or the date on which i) if such LC Disbursement is reimbursed with made in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to Initial ABR US Tranche Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender of another Classis made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) above, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Rate applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 4 contracts
Samples: Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yrc Worldwide Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been is made, the unpaid amount thereof (which, in the case of an LC Disbursement not denominated in dollars, shall be expressed in dollars in the amount of the Dollar Equivalent 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 reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 and shall be payable on within two Business Days of demand or, if no demand has been made, within two Business Days of the date on which the Borrower is required to reimburse the applicable LC Disbursement in full full. If any Revolving Lender shall not have made its Applicable Percentage of such LC Disbursement available to the Administrative Agent as provided in clause (andf) above, thereaftersuch Revolving Lender shall agree to pay interest on such amount, for each day from and including the date such amount is required to be paid at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on demand)interbank compensation.
Appears in 4 contracts
Samples: Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Holdings, Inc.)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the Borrower reimburses Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is it reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial (x) in the case of any Letter of Credit denominated in US Dollars or issued at the request of the US Borrower, Revolving Loans that are ABR Loans, (y) in the case of any Letter of Credit denominated in Canadian Dollars at the request of the Canadian Borrower, Revolving Loans that are Canadian Prime Rate Loans and (z) in the case of any Letter of Credit denominated in any Alternate Currency, Revolving Loans that are LIBO Rate Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided provided, that if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.052.05(e), then Section 2.13(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 (eSection 2.05(e) 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 and shall be payable on the date on which the Borrower is Borrowers are required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 4 contracts
Samples: Credit Agreement (Knowlton Development Corp Inc), Security Agreement (Knowlton Development Corp Inc), Security Agreement (Knowlton Development Parent, Inc.)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (a) in the case of Letters of Credit denominated in Dollars, Revolving Loans that are ABR Revolving Loans (or, to the extent or Canadian Base Rate Borrowings of the participation in such LC Disbursement by any Revolving Lender of another applicable Class, (b) in the rate per annum then applicable to case of Letters of Credit issued on account of the Canadian Borrower denominated in Canadian Dollars, Revolving Loans that are Canadian Prime Rate Revolving Loans of the applicable Class and (c) in the case of Letters of Credit denominated in any Alternate Currency, Revolving Loans denominated in such other currency that are LIBO Rate Revolving Loans of the applicable Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(c2.13(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 Revolving Lender pursuant to paragraph (e) 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 and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 4 contracts
Samples: Security Agreement (Hayward Holdings, Inc.), Security Agreement (Hayward Holdings, Inc.), Credit Agreement (Hillman Companies Inc)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the Revolver Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 Revolver Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any Revolving Lender of another Classrequired to be reimbursed is in an Alternative Currency, at the rate per annum Overnight Foreign Currency Rate for such Alternative Currency plus the then applicable effective Applicable Rate with respect to the ABR Revolving Loans of such other the applicable Class); provided that if the Revolver Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Revolver Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 4 contracts
Samples: Credit Agreement (Indivior PLC), Credit Agreement (Indivior PLC), Credit Agreement (Indivior PLC)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the later of (i) the date when such LC Disbursement has been madeis made and (ii) the date upon which the Borrower receives notice of such LC Disbursement pursuant to paragraph (g) above (such later date, the “Interest Commencement Date”), the unpaid amount thereof shall bear interest, for each day from and including the Interest Commencement Date to but excluding the date that reimbursement of such LC Disbursement Distribution is made due pursuant to paragraph (e) of this Section at the rate provided in Section 2.12(a) and, if not so reimbursed on the date due pursuant to such paragraph (e), then from and including such date so due to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation provided in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassSection 2.12(d); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, Section 2.13(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 (e) of this Section 2.05 Section, to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 4 contracts
Samples: Credit Agreement (Limited Brands Inc), Credit Agreement (Limited Brands Inc), Credit Agreement (Limited Brands Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in dollars, and at all times following the proceeds of Loans, as applicable), at the rate per annum then applicable conversion to Initial Revolving Loans that are ABR Loans (or, to the extent dollars of the participation in such reimbursement obligation with respect to any LC Disbursement by any Revolving Lender made in a Permitted Existing LC Foreign Currency pursuant to paragraph (e) of another Classthis Section, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency or, prior to its conversion to dollars pursuant to paragraph (e) of this Section, in any Permitted Letter of Credit Foreign Currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to Eurocurrency Revolving Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (e) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 3 contracts
Samples: Credit Agreement (Arconic Corp), Credit Agreement (Arconic Rolled Products Corp), Credit Agreement (Arconic Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses Borrowers shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower reimburses Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation applicable Class (or in the case such LC L/C Disbursement by any Revolving Lender required to be reimbursed in an Alternate Currency, (x) in the case of another Classamounts required to be reimbursed in Canadian Dollars, at the rate per annum of interest then applicable to Canadian Prime Rate Loans of the applicable Class or (y) in the case of all other Alternate Currencies, at the Overnight Foreign Currency Rate for such Alternate Currency plus the then effective Applicable Margin with respect to ABR Revolving Loans of such other the applicable Class); provided that provided, that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement Borrowers when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Incremental Assumption Agreement (Mallinckrodt PLC), Credit Agreement (Mallinckrodt PLC), Credit Agreement (Mallinckrodt PLC)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the relevant Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 relevant Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to (x) in the case of any Letter of Credit denominated in Dollars, Initial Revolving Loans that are ABR Loans and (y) in the case of any Letter of Credit denominated in any Alternate Currency, Initial Revolving Loans that are Adjusted Eurocurrency Rate Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the relevant Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the relevant Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 3 contracts
Samples: Credit Agreement (Syneos Health, Inc.), Credit Agreement (Syneos Health, Inc.), Credit Agreement (INC Research Holdings, Inc.)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any 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 Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Credit Agreement (Capri Holdings LTD), Credit Agreement (Michael Kors Holdings LTD), Credit Agreement (Michael Kors Holdings LTD)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans or, if such LC Disbursement is not denominated in Dollars, at a rate per annum then applicable to Initial Revolving Loans denominated in such currency (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 3 contracts
Samples: Credit Agreement (CCC Intelligent Solutions Holdings Inc.), Credit Agreement (CCC Intelligent Solutions Holdings Inc.), Credit Agreement (Dragoneer Growth Opportunities Corp.)
Interim Interest. If any the applicable Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of LC Disbursements made in Dollars, and at all times following the conversion to Dollars of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in an Alternative Currency pursuant to clause (e) above, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR and (ii) in the case of LC Disbursements made in Alternative Currency, and at all times prior to their conversion to Dollars pursuant to clause (e) above, at the rate applicable to Eurocurrency Loans denominated in such Alternative Currency with an Interest Period of one (or, to 1) month’s duration determined on the extent of the participation in date such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)is made; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent 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 clause (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses or the applicable Subsidiary shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 and/or the Borrower applicable Subsidiary reimburses such LC Disbursement Disbursement, at the rate per annum (or i) in the date on which such case of LC Disbursements made in Dollars, and at all times following the conversion to Dollars of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in an Alternative Currency pursuant to Section 2.04(e) above, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans Base Rate Advances and (orii) in the case of LC Disbursements made in an Alternative Currency, and at all times prior to their conversion to Dollars pursuant to Section 2.04(e) above, at a rate determined in a customary manner in good faith by the extent of the participation Issuing Bank for short term Advances in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Alternative Currency; provided that that, if the a Borrower or any applicable Subsidiary fails to reimburse such LC Disbursement when due pursuant to paragraph (eSection 2.04(e) of this above, then Section 2.05, Section 2.13(c2.09(b) 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 (eSection 2.04(e) of this Section 2.05 above to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Credit Agreement (STERIS PLC), Credit Agreement (STERIS PLC), Credit Agreement (Steris Corp)
Interim Interest. If any the Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower Company reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (oror in the case such L/C Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Margin with respect to the extent of the participation in such LC Disbursement by any Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement Company when due pursuant to paragraph (e) of this Section, then Section 2.052.13(c) shall apply; provided further that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans or Eurocurrency Revolving Loans, and (C) Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Lease Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc), Credit Agreement (Chart Industries Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.05, Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 3 contracts
Samples: Credit Agreement (Vishay Intertechnology Inc), Credit Agreement (Vishay Intertechnology Inc), Credit Agreement (Vishay Intertechnology Inc)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless any Borrower (or the Top Borrower on behalf of any Borrower) reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 any Borrower (or the Top Borrower on behalf of any Borrower) reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the relevant Borrower (or the Top Borrower on behalf of the relevant Borrower) fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the relevant Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 3 contracts
Samples: First Lien Credit Agreement (Cotiviti Holdings, Inc.), Intercreditor Agreement (Cotiviti Holdings, Inc.), Intercreditor Agreement (Cotiviti Holdings, Inc.)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in dollars, and at all times following the proceeds conversion to dollars of Loansan LC Disbursement made in Canadian Dollars, as applicable)Euros or Pounds Sterling pursuant to paragraph (e) or (l) of this Section, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans Loans, and (or, to ii) in the extent case of the participation in such any LC Disbursement by any Revolving Lender denominated in Canadian Dollars, Euros or Pounds Sterling, at all times prior to its conversion to dollars pursuant to paragraph (e) or (l) of another Classthis Section, the a rate per annum then reasonably determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to the Revolving Loans of such other Class)Eurodollar Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.10(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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Lender the Lenders to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Assignment and Assumption (Goodyear Tire & Rubber Co /Oh/), Assignment and Assumption (Goodyear Tire & Rubber Co /Oh/), Credit Agreement (Goodyear Tire & Rubber Co /Oh/)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05, Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the such Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 3 contracts
Samples: Credit Agreement (Minerals Technologies Inc), Credit Agreement (Minerals Technologies Inc), Credit Agreement (Minerals Technologies Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section 2.052.04, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (e) of this Section 2.05 2.04 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 3 contracts
Samples: Credit Agreement (Crown Castle International Corp), Credit Agreement (Crown Castle International Corp), Credit Agreement (Crown Castle International Corp)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of LC Disbursements made in dollars, and at all times following the conversion to dollars of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR and (ii) in the case of LC Disbursements made in an Alternative Currency, and at all times prior to their conversion to dollars pursuant to paragraph (e) above, at the rate applicable to CDOR Rate Loans or Eurodollar Rate Loans denominated in an Alternative Currency (orother than Canadian Dollars), to as applicable, with an Interest Period of one month’s duration determined on the extent of the participation in date such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)is made; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Credit Agreement (Darling Ingredients Inc.), Credit Agreement (Darling Ingredients Inc.), Credit Agreement (Darling Ingredients Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 applicable Borrower reimburses such LC L/C Disbursement, (i) in the case of L/C Disbursements made in U.S. Dollars, and at all times following the conversion to U.S. Dollars of a L/C Disbursement made in a Foreign Currency pursuant to paragraph (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)e) above, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, (orii) in the case of L/C Disbursements made in Canadian Dollars, and at all times prior to the extent of the participation in such LC Disbursement by any Revolving Lender of another Classtheir conversion to U.S. Dollars pursuant to paragraph (e) above, at the rate per annum then applicable to Canadian Prime Rate Loans and (iii) in the Revolving Loans case of such other Class)L/C Disbursements made in Foreign Currencies, at all times prior to their conversion to U.S. Dollars pursuant to paragraph (e) above, at the rate applicable to Euro Swingline Loans; provided that that, if such L/C Disbursement is not reimbursed by the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph (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 Tranche A Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Tranche A Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 3 contracts
Samples: Credit Agreement (Momentive Performance Materials Inc.), Collateral Access Agreement (Momentive Performance Materials Inc.), Collateral Access Agreement (Momentive Performance Materials Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses or the Applicant Party shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower or the Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR New Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement or the Applicant Party when due pursuant to paragraph (e) of this Section, then Section 2.052.13(c) shall apply; provided, further, that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR New Revolving Loans and (C) Section 2.13(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 New Revolving Facility Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such New Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Foundation Coal Holdings, Inc.), Credit Agreement (Foundation Coal Holdings, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 any other account party) reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at (1) in the rate per annum then applicable to Initial case of a Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another ClassDisbursement, the rate per annum then applicable to the ABR Revolving Loans and (2) in the case of such other Class)a Tranche A LC Disbursement, the rate per annum then applicable to ABR Term Loans; provided that that, if the Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to paragraph (eb)(iii) of this Section 2.05Section, then Section 2.13(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 (eb)(iii)(A) of this Section 2.05 or from the Tranche A Credit-Linked Deposit of any Tranche A Lender pursuant to paragraph (b)(iii)(B) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Allied Waste Industries Inc), Credit Agreement (Allied Waste Industries Inc)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the a Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at (x) in the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent case of the participation LC Disbursements in such LC Disbursement by any Revolving Lender of another ClassDollars, the rate per annum then applicable to the Revolving Loans that are ABR Loans of the same Class and (y) in the case of LC Disbursements in an Alternate Currency, a rate per annum equal to the benchmark rate established for such currency at the time of the amendment pursuant to Section 1.11 plus the Applicable Rate for Adjusted Term SOFR Rate Loans for an Interest Period of 1 month commencing on the date of such other LC Disbursement (or, if no such benchmark is established, at the rate per annum then applicable to Revolving Loans that are ABR Loans of the same Class); provided that if the a Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e(e) of this Section 2.05Section, Section 2.13(cthen Section 2.13(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 (e(e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Disbursement, at (or i) in the date on which such case of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassDollars, the rate per annum then applicable to the Class D ABR Revolving Loans or (ii) in the case of such other Class)an LC Disbursement denominated in an Alternative Currency, the LIBO Rate (in the case of an LC Disbursement denominated in Sterling) or EURIBO Rate (in the case of an LC Disbursement denominated in Euro) that would apply to a Eurodollar Loan with an interest period of one day plus the Applicable Rate with respect to Class D Eurodollar Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 Class D Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Class D Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (American Axle & Manufacturing Holdings Inc), Credit Agreement (American Axle & Manufacturing Holdings Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) or (l) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) or (l) of another Classthis Section, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Rate applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be paid to the Administrative Agent for the account of such Revolving Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Credit Agreement (Expedia, Inc.), Credit Agreement (Expedia, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds in respect of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent a Letter of the participation Credit denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to ABR Loans, (ii) in the Revolving case of any LC Disbursement in respect of a Letter of Credit denominated in Canadian Dollars, the rate per annum then applicable to Canadian Base Rate Loans, (iii) in the case of any LC Disbursement in respect of a Letter of Credit denominated in Sterling, the Bank of England Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans and (iv) in the case of such other Class)any LC Disbursement in respect of a Letter of Credit denominated in Euro, the European Central Bank Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans; provided that if that, at all times after the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(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 (e) of this Section 2.05 to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Molson Coors Brewing Co), Credit Agreement (Molson Coors Brewing Co)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (a) in the case of Letters of Credit denominated in Dollars, Revolving Loans that are ABR Revolving Loans (or, to the extent or Canadian Base Rate Borrowings of the participation in such LC Disbursement by any Revolving Lender of another applicable Class, (b) in the rate per annum then applicable to case of Letters of Credit issued on account of the Canadian Borrower denominated in Canadian Dollars, Revolving Loans that are Canadian Prime Rate Revolving Loans of the applicable Class and (c) in the case of Letters of Credit denominated in any Alternate Currency, Revolving Loans denominated in such other currency that are SOFR Revolving Loans of the applicable Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(c2.13(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 Revolving Lender pursuant to paragraph (e) 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 and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 2 contracts
Samples: Credit Agreement (Hillman Solutions Corp.), Credit Agreement (Hillman Solutions Corp.)
Interim Interest. If the Issuing Lender for any Issuing Bank makes Letter of Credit shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 the Borrower reimburses such LC Disbursement as provided in paragraph (or the date on which such LC Disbursement is reimbursed with the proceeds f) of Loans, as applicable)this Section, at the rate per annum then applicable to Initial Syndicated ABR Revolving Loans that are ABR Credit Loans (or, to or in the extent of the participation in case such LC Disbursement by any Revolving Lender of another Classis denominated in a Foreign Currency, at the rate per annum Overnight Foreign Currency Rate for such Agreed Currency plus the then applicable effective Applicable Rate with respect to the Revolving Loans of such other ClassEurocurrency Loans); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.05, Section 2.13(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 Revolving Credit Lender pursuant to paragraph (ef) of this Section 2.05 to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Pledge Agreement (Teleflex Inc), Pledge Agreement (Teleflex Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Swiss Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Swiss Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans or EURIBOR Revolving Loans; provided that that, if the Swiss Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (e) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the Swiss Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Credit Agreement (Garrett Motion Inc.), Credit Agreement (Garrett Motion Inc.)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Company reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated any Designated Foreign Currency, the rate determined by the Issuing Bank to represent its cost of funds plus Applicable Rate at the time in effect for Eurocurrency Borrowings; provided that if that, at all times after the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse Company reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Credit Agreement (Waters Corp /De/), Credit Agreement (Waters Corp /De/)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Borrowers reimburse such LC Disbursement (or the date on which that such LC Disbursement is reimbursed with the proceeds of Loansfinanced by a Revolving Borrowing or a Swingline Loan, as applicable)the case may be, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in if such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurodollar Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided provided, that if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Altra Industrial Motion Corp.), Credit Agreement (Altra Holdings, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans denominated in US Dollars and made to the Company, (ii) in the case of such any LC Disbursement denominated in Canadian Dollars, the Canadian Prime Rate and (iii) in the case of an LC Disbursement denominated in any other Class)currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR or EURIBOR Revolving Loans; provided that that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 Revolving Lender pursuant to paragraph (e) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Restatement Agreement (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 in full, (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable)denominated in Dollars, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans and (or, to ii) in the extent case of the participation in such any LC Disbursement by any Revolving Lender of another Classdenominated in Euro or Sterling, at the Euro Reference Rate or the Sterling Reference Rate, respectively, plus, in each case, the Applicable Rate for determining the interest rate per annum then applicable to the Revolving Loans of such other Class)on Eurocurrency Loans; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.05, Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Credit Agreement (Blackstone Group L.P.), Credit Agreement (Blackstone Group L.P.)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC Disbursement in full on the date such LC Disbursement has been madeis made and notice thereof is provided to the Borrower 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 the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable)due and payable, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Rate for such Agreed Currency plus the then effective Applicable Spread with respect to Term Benchmark Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.13(e) 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 Applicable Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Scotts Miracle-Gro Co), Credit Agreement (Scotts Miracle-Gro Co)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR 2023 Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any 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 2023 Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 2023 Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such 2023 Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Capri Holdings LTD), Credit Agreement (Capri Holdings LTD)
Interim Interest. If any the LC Facility Issuing Bank makes shall make any LC Facility LC Disbursement, then, unless the Borrower reimburses Borrowers shall reimburse such LC Facility LC Disbursement in full on the date such LC Facility LC Disbursement has been is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Facility LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement (or the date on which such Facility LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate sum of (i) Adjusted LIBO Rate for an Interest Period of thirty (30) days, plus (ii) 2.25%, plus (iii) 2% per annum then applicable to Initial Revolving Loans that are ABR Loans (or, net of any LC Facility Participation Fees paid for such period but only if and to the extent paid on that portion of the participation in Credit-Linked Deposits used to fund such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassFacility LC Disbursement); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be payable on demand (and, in any event, on the Term Loan Maturity Date) and paid to the account specified by the Administrative Agent for the account of the applicable LC Facility Issuing Bank, except that interest accrued on and after the date of payment by from the Credit-Linked Deposit of any Revolving LC Facility Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such the LC Facility Issuing Bank shall be for the account of such Revolving LC Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Dennys Corp), Credit Agreement (Dennys Corp)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans or EURIBOR Revolving Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (e) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any Revolving Lender of another Classis denominated in a Foreign Currency, at the rate per annum Overnight Foreign Currency Rate for such Agreed Currency plus the then applicable effective Applicable Margin with respect to the Eurocurrency Revolving Loans of such other Classor USD Term SOFR Revolving Loans, as applicable); provided that that, if the Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.052.06, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankBanks, except that interest accrued on and after the date of payment by any Revolving Applicable Lender pursuant to paragraph (e) of this Section 2.05 2.06 to reimburse such the Issuing Bank Banks shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Icon PLC), Credit Agreement (Icon PLC)
Interim Interest. If any an Applicable Issuing Bank makes shall make any LC DisbursementDisbursement in respect of any Letter of Credit issued for the account of a Borrower within a Borrower Group (including, with respect to U.S. Borrowers, those Letters of Credit with respect to which the Company is the co-applicant with a Subsidiary of the Company), then, unless the Borrowers within such Borrower reimburses Group shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Borrowers within such Borrower reimburses Group reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving ABR Loans that are ABR Revolving Loans (orin the case of any such Letter of Credit issued for the account of a U.S. Borrower), to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Canadian Base Rate Loans that are Revolving Loans (in the case of any such other ClassLetter of Credit denominated in Dollars that is issued for the account of a Canadian Borrower) or Canadian Prime Rate Loans that are Revolving Loans (in the case of any such Letter of Credit denominated in Canadian Dollars that issued for the account of a Canadian Borrower); provided that that, if the Borrowers within a Borrower fails Group fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.13(hi) 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 Applicable Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Applicable Issuing Bank shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (ATD Corp), Credit Agreement (ATD Corp)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Company reimburses such LC Disbursement (or the date on which that such LC Disbursement is reimbursed with the proceeds of Loansfinanced by a Revolving Borrowing or a Swingline Loan, as applicable)the case may be, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in if such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurodollar Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided provided, that if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Haemonetics Corp), Credit Agreement (Haemonetics Corp)
Interim Interest. If any the Issuing Bank makes Lender and/or the Agent shall make any LC DisbursementDisbursement in respect of any Letter of Credit and/or any payment in respect of the LC Guaranty , and if the Borrower cannot satisfy the conditions to borrowing set forth herein such that payment of the Reimbursement Obligation resulting from such LC Disbursement or with respect to the LC Guaranty cannot be made through the automatic funding of a Base Rate Borrowing, then, unless the Borrower reimburses or the Canadian Borrowers, as applicable, shall reimburse such LC Disbursement or such payment made by the Agent with respect to the LC Guaranty in full on the date such LC Disbursement has been or such payment is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement or such payment is made to but excluding the date that the Borrower or the Canadian Borrowers, as applicable, reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)payment, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (orBase Rate Loans; PROVIDED that, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower or any Canadian Borrower, as applicable, fails to reimburse such LC Disbursement or such payment when due pursuant to paragraph (e) of this Section 2.05subsection 2.4(e), Section 2.13(c) then interest calculated at the Post-Default Rate shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender or the Agent, as the case may be, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (esubsection 2.4(e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit and Security Agreement (Audubon West Inc), Credit and Security Agreement (Columbus McKinnon Corp)
Interim Interest. If any the Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower Company reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (oror in the case such L/C Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Margin with respect to the extent of the participation in such LC Disbursement by any Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement Company when due pursuant to paragraph (e) of this Section, then Section 2.052.13(c) shall apply; provided further that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans or Eurocurrency Revolving Loans, and (C) Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Lease Agreement (Chart Industries Inc), Lease Agreement (Chart Industries Inc)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided provided, that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section, then Section 2.05, Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph clause (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 paragraph clause (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 2 contracts
Samples: Credit Agreement (Cano Health, Inc.), Credit Agreement (Jaws Acquisition Corp.)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the relevant Revolving Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 relevant Revolving Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the relevant Revolving Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, the provisions of Section 2.13(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 Revolving Lender pursuant to paragraph (e) 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 and shall be payable on the date on which the relevant Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 2 contracts
Samples: Credit Agreement (Brookfield Property REIT Inc.), Credit Agreement (Brookfield Property REIT Inc.)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Parent Borrower reimburses or any applicable Foreign Subsidiary Borrower, as the case may be, shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (i) in the case of interest for the account of the Issuing Bank, ABR Class A Revolving Loans that are and (ii) in the case of interest for the account of any Lender, ABR Loans (or, to the extent of the participation in made by such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Lender; provided that that, if the Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in a Designated Foreign Currency pursuant to paragraph (e) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in a Designated Foreign Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) of another Classthis Section, the at a rate per annum then reasonably determined by the applicable Issuing Bank to represent the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurodollar Revolving Loans of at such other Class)time; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Northrop Grumman Corp /De/), Credit Agreement (Northrop Grumman Corp /De/)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses or the applicable LC Subsidiary shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower or the applicable LC Subsidiary reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in Dollars, and at all times following the proceeds conversion to Dollars of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such an LC Disbursement by any Revolving Lender made in an Alternative Currency pursuant to paragraph (e) or (m) of another Classthis Section, the rate per annum then applicable to the Base Rate Revolving Loans and (ii) in the case of such other Class)any LC Disbursement denominated in an Alternative Currency, at all times prior to its conversion to Dollars pursuant to paragraph (e) or (m) of this Section, a rate per annum reasonably determined by the Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to Eurocurrency Revolving Loans; provided that if provided, however, that, at all times after the applicable Borrower or the applicable LC Subsidiary fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(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 (e) or (m) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Graftech International LTD), Credit Agreement (Graftech International LTD)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds in respect of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent a Letter of the participation Credit denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to ABR Loans, (ii) in the Revolving case of any LC Disbursement in respect of a Letter of Credit denominated in Canadian Dollars, the rate per annum then applicable to Canadian Base Rate Loans, (iii) in the case of any LC Disbursement in respect of a Letter of Credit denominated in Sterling, the Bank of England Base Rate plus the Applicable Rate then applicable to SXXXX Rate Loans and (iv) in the case of such other Class)any LC Disbursement in respect of a Letter of Credit denominated in Euro, the European Central Bank Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans; provided that if that, at all times after the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(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 (e) of this Section 2.05 to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Molson Coors Beverage Co), Credit Agreement (Molson Coors Beverage Co)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans that are ABR Loans of such other Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 2 contracts
Samples: Credit Agreement (Certara, Inc.), Intercreditor Agreement (Certara, Inc.)
Interim Interest. If any an Applicable Issuing Bank makes shall make any LC DisbursementDisbursement in respect of any Letter of Credit issued for the account of a Borrower within a Borrower Group (including, with respect to U.S. Borrowers, those Letters of Credit with respect to which the Company is the co-applicant with a Subsidiary of the Company), then, unless the Borrowers within such Borrower reimburses Group shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Borrowers within such Borrower reimburses Group reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving ABR Loans that are ABR Revolving Loans (orin the case of any such Letter of Credit issued for the account of a U.S. Borrower), to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Canadian Base Rate Loans that are Revolving Loans (in the case of any such other ClassLetter of Credit denominated in Dollars that is issued for the account of a Canadian Borrower) or Canadian Prime Rate Loans that are Revolving Loans (in the case of any such Letter of Credit denominated in Canadian Dollars that issued for the account of a Canadian Borrower); provided that that, if the Borrowers within a Borrower fails Group fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 Revolving Applicable Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Applicable Issuing Bank shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (ATD Corp), Credit Agreement (American Tire Distributors Holdings, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans denominated in US Dollars and made to the Company, (ii) in the case of such any LC Disbursement denominated in Canadian Dollars, the rate per annum then applicable to Canadian Prime Rate Revolving Loans and (iii) in the case of an LC Disbursement denominated in any other Class)currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR or EURIBOR Revolving Loans; provided that that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.13(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 Revolving Global Tranche Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Global Tranche Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 2 contracts
Samples: Credit Agreement (Amerisourcebergen Corp), Assignment and Assumption (Amerisourcebergen Corp)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Alternative Currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans or EURIBOR Revolving Loans; provided that if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05Section, Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 2 contracts
Samples: Credit Agreement (Verisign Inc/Ca), Credit Agreement (Verisign Inc/Ca)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (a) in the case of Letters of Credit denominated in Dollars, Revolving Loans that are ABR Revolving Loans (or, to the extent or Canadian Base Rate Borrowings of the participation in such LC Disbursement by any Revolving Lender of another applicable Class, (b) in the rate per annum then applicable to case of Letters of Credit issued on account of the Canadian Borrower denominated in Canadian Dollars, Revolving Loans that are Canadian Prime Rate Revolving Loans of the applicable Class and (c) in the case of Letters of Credit denominated in any Alternate Currency, Revolving Loans denominated in such other currency that are Alternate Currency Term Rate Revolving Loans of the applicable Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section 2.05, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph clause (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 paragraph clause (e) 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 and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 2 contracts
Samples: Abl Credit Agreement (Hayward Holdings, Inc.), Abl Credit Agreement (Hayward Holdings, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such an LC Disbursement denominated in Euro, Pounds Sterling or any other Class)Designated Currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans and EURIBOR Revolving Loans; provided that that, if the such Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (ef) of this Section 2.05Section, Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 1 contract
Samples: Credit Agreement (Knowles Corp)
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company or the applicable Foreign Borrower, as the case may be, shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Company or the applicable Foreign Borrower, as the case may be, reimburses such LC Disbursement Disbursement, (or the date on which i) if such LC Disbursement is reimbursed with made in U.S. Dollars, and at all times following the proceeds conversion to U.S. Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender of another Classis made in an Alternative Currency, at all times prior to its conversion to U.S. Dollars pursuant to paragraph (e) above, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Rate applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the Company or the applicable Foreign Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Security Agreement (Schulman a Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) or (l) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) or (l) of another Classthis Section, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that PROVIDED that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Credit Agreement (Expedia, Inc.)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable (x) in the case of any Letter of Credit denominated in Dollars, to Initial Revolving Loans that are ABR Loans and (y) in the case of any Letter of Credit denominated in any Alternate Currency, Initial Revolving Loans that are LIBO Rate Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ed) of this Section, then Section 2.05, Section 2.13(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 (ed) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 1 contract
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 and shall be payable on within two Business Days of demand or, if no demand has been made, within two Business Days of the date on which the Borrower is required to Borrowers reimburse the applicable LC Disbursement in full full. If any Revolving Lender shall not have made its Applicable Percentage of such LC Disbursement available to the Administrative Agent as provided in clause (andf) above, thereaftersuch Revolving Lender shall agree to pay interest on such amount, for each day from and including the date such amount is required to be paid at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on demand)interbank compensation.
Appears in 1 contract
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the later of (i) the date when such LC Disbursement has been madeis made and (ii) the date upon which the Borrower receives notice of such LC Disbursement pursuant to paragraph (g) above (such later date, the “Interest Commencement Date”), the unpaid amount thereof shall bear interest, for each day from and including the Interest Commencement Date to but excluding the date that reimbursement of such LC Disbursement Distribution is made due pursuant to paragraph (e) of this Section at the rate provided in Section 2.12(a) with respect to ABR Revolving Loans and, if not so reimbursed on the date due pursuant to such paragraph (e), then from and including such date so due to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable provided in Section 2.12(c) with respect to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, Section 2.13(c) shall applyLoans. 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 (e) of this Section 2.05 Section, to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses applicable Borrower(s) shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 the Borrower reimburses such Borrower(s) reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial Canadian Prime Rate Revolving Loans that are (if the LC Disbursement is in Cdn$) or ABR Revolving Loans (or, to if the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Classis in US$); provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Applicable Administrative Agent 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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to applicable Borrower(s) reimburse the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 1 contract
Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company or the French Borrower, as applicable, shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 Company or the French Borrower, as applicable, reimburses such LC Disbursement Disbursement, (or the date on which i) if such LC Disbursement is reimbursed with made in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to Initial ABR US Tranche Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender of another Classis made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) above, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the Company or the French Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Credit Agreement (Schulman a Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at (i) in the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent case of the participation in such a Tranche A LC Disbursement by any Revolving Lender of another ClassDisbursement, the rate per annum then applicable to ABR Revolving Loans, and (ii) in the Revolving Loans case of such other Class)a Tranche B LC Disbursement, at the LIBO Rate for the Interest Period at the time in effect for the Credit-Linked Deposits PLUS 5.50% per annum; provided that PROVIDED that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 Tranche A Lender pursuant to paragraph or from the Tranche B Credit-Linked Deposit of any Tranche B Lender (eor with funds of the Administrative Agent pending the application of such Tranche B Credit-Linked Deposit) of this Section 2.05 to reimburse such an Issuing Bank shall be for the account of such Revolving Tranche A Lender or Tranche B Lender, as applicable, to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial 2021 Refinancing Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 1 contract
Samples: First Lien Credit Agreement (Shift4 Payments, Inc.)
Interim Interest. If any the Issuing Bank makes Lender shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable (i) with respect to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation any Unreimbursed Amount denominated in such LC Disbursement by any Revolving Lender of another ClassU.S. Dollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) with respect to any Unreimbursed Amount denominated in an Alternative Currency, the higher of such other Class)the rate per annum then applicable to Multicurrency Revolving Credit Loans and the rate per annum then applicable to ABR Revolving Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.12(d) 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 (e) of this Section 2.05 to reimburse such the Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Assignment and Assumption (Quanex Building Products CORP)
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses applicable Borrower(s) shall reimburse such LC Disbursement in full in cash on the date such LC Disbursement has been is made, the unpaid amount Dollar Equivalent 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 Borrower(s) reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full in cash, at the rate per annum then applicable to Initial Canadian Prime Rate Revolving Loans that are (if the LC Disbursement is in Cdn$) or ABR Revolving Loans (or, to if the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Classis in US$); provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Applicable Administrative Agent 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 (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to applicable Borrower(s) reimburse the applicable LC Disbursement in full (and, thereafter, on demand)in cash.
Appears in 1 contract
Samples: Senior Secured (Tailored Brands Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses or the applicable LC Subsidiary shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower or the applicable LC Subsidiary reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in Dollars, and at all times following the proceeds conversion to Dollars of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such an LC Disbursement by any Revolving Lender made in an Alternative Currency pursuant to paragraph (e) or (m) of another Classthis Section, the rate per annum then applicable to the Base Rate Revolving Loans and (ii) in the case of any LC Disbursement denominated in an Alternative Currency, at all times prior to its conversion to Dollars pursuant to paragraph (e) or (m) of this Section, a rate per annum reasonably determined by such other Class)Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to Eurocurrency Revolving Loans; provided that if provided, however, that, at all times after the applicable Borrower or the applicable LC Subsidiary fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, Section 2.13(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 (e) or (m) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been is made, the unpaid amount thereof (or, in the case of clause (iii)(B) below, the Dollar Equivalent of such amount, determined in accordance with paragraph (e) of this Section) 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 in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans of such other Class(and payable in dollars); provided (ii) in the case of an LC Disbursement denominated in Euro, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to Term Benchmark Revolving Loans (and payable in Euro) and [[6121596]] (iii) in the case of an LC Disbursement denominated in any Permitted Foreign Currency other than Euro, (A) in the case of any LC Disbursement that if is reimbursed on or before the Borrower fails to reimburse date such LC Disbursement when due pursuant is required to be reimbursed under paragraph (e) of this Section 2.05Section, Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of a rate per annum determined by the applicable Issuing Bank, except that Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest accrued on applicable to Term Benchmark Revolving Loans (and after the date of payment by any Revolving Lender pursuant to paragraph (epayable in such currency) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 1 contract
Interim Interest. If an L/C Issuer shall make any Issuing Bank makes any LC L/C Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 applicable Borrower reimburses such LC L/C Disbursement, (i) in the case of an L/C Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in US Dollars, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans and (orii) in the case of an L/C Disbursement is made in an Alternative Currency, at a rate equal to the extent rate reasonably determined by the applicable L/C Issuer to be the cost to such L/C Issuer of funding such L/C Disbursement plus the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then Applicable Rate applicable to LIBOR, EURIBOR or CDOR Revolving Loans, as Table of Contents the Revolving Loans of case may be, at such other Class)time; provided that that, if the applicable Borrower fails to reimburse such LC any L/C Disbursement when due and payable pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.12(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, L/C Issuer (except that interest accrued on and after the date of payment by any Revolving applicable Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank L/C Issuer shall be paid to the Administrative Agent for the account of such Revolving Lender to the extent of such payment Lender), and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC L/C Disbursement in full (and, thereafter, and thereafter on demand).
Appears in 1 contract
Samples: Credit Agreement (V F Corp)
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial (x) in the case of any Letter of Credit denominated in Dollars, Revolving Loans that are ABR Loans and (ory) in the case of any Letter of Credit denominated in any Alternate Currency, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans that are Eurocurrency Rate Loans with an Interest Period of such other Class)one month; provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e(e) of this Section 2.05Section, Section then Section 2.13(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 (e(e) 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 and shall be payable on the date on which the Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 1 contract
Samples: First Lien Credit Agreement (Ranpak Holdings Corp.)
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses applicable Applicant Party shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower applicable Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans provided that, in the case of a L/C Disbursement made in respect of a Euro Letter of Credit, the amount of interest due with respect thereto shall (or, A) be payable in Euros and (B) bear interest at a rate equal to the extent rate reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such L/C Disbursement plus the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then Applicable Margin applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that and provided, further, that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement applicable Applicant Party when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Credit Agreement (New Skies Satellites Holdings Ltd.)
Interim Interest. If any the Issuing Bank makes any LC Disbursement, unless the a Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Base Rate Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ed) of this Section, then Section 2.05, Section 2.13(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 (ed) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the a Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 1 contract
Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (a) in the case of Letters of Credit denominated in Dollars, Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of the applicable Class, (b) [reserved] and (c) in the case of Letters of Credit denominated in Euros, Sterling or any Alternate Currency, Revolving Loans denominated in such other currency that are LIBO Rate Revolving Loans of the applicable Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(c2.13(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 Revolving Lender pursuant to paragraph (e) 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 and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 1 contract
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses or the Applicant Party shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower or the Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement or the Applicant Party when due pursuant to paragraph (e) of this Section, then Section 2.052.13(c) shall apply; provided, further, that any L/C Disbursement that is -52- reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans and (C) Section 2.13(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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in Euros, and at all times following the proceeds conversion to Euros of Loans, as applicable)an LC Disbursement made in US Dollars or Pounds Sterling pursuant to paragraph (l) of this Section, at the Swingline Rate plus 1.75% per annum, (ii) in the case of any LC Disbursement denominated in US Dollars, at all times prior to its conversion to Euros pursuant to paragraph (l) of this Section, at the Alternate Base Rate (as defined in the First Lien Agreement) plus 1.75% per annum, and (iii) in the case of any LC Disbursement denominated in Pounds Sterling, at all times prior to its conversion to Euros pursuant to paragraph (l) of this Section, a rate per annum then reasonably determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to Initial Revolving Loans that are ABR Loans (or, to the extent represent its cost of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate funds plus 1.75% per annum then applicable to the Revolving Loans of such other Class)annum; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.12(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 Lender ABT Lenders pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account accounts of such Revolving Lender ABT Lenders to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Revolving Credit Agreement (Goodyear Tire & Rubber Co /Oh/)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).. Table of Contents
Appears in 1 contract
Samples: First Lien Credit Agreement (Shift4 Payments, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, (i) in the case of any Revolving LC Disbursements, unless the Borrower reimburses shall reimburse such Revolving LC Disbursement in full on the date such Revolving LC Disbursement has been is made or (ii) in the case of any Revenue Bxxx XX Disbursements, unless the Borrower shall reimburse such Revenue Bxxx XX Disbursement in full on the date such Revenue Bxxx XX Disbursement is made, in each case 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 (or such reimbursement obligation of the date on which such LC Disbursement is reimbursed with Borrower has been discharged pursuant to the proceeds terms of Loans, as applicableSection 2.04(f)(i) or (iii)), at the a fluctuating interest rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, equal to the extent of the participation in such LC Disbursement by any Revolving Lender of another ClassApplicable Rate for ABR Loans; provided, the rate per annum then applicable to the Revolving Loans of such other Class); provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.05, Section 2.13(c2.11(b) 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 (e) of this Section 2.05 or any Revenue Bond Lender, as the case may be, to reimburse such an Issuing Bank shall be for the account of such Revolving Lender or Revenue Bond Lender, as applicable, to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any the applicable Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of LC Disbursements made in Dollars, and at all times following the conversion to Dollars of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in an Alternative Currency pursuant to clause (e) above, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR and (ii) in the case of LC Disbursements made in Alternative Currency, and at all times prior to their conversion to Dollars pursuant to clause (e) above, at the rate applicable to Eurocurrency Loans denominated in such Alternative Currency with an Interest Period of one (or, to 1) month’s duration determined on the extent of the participation in date such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)is made; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent 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 clause (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Credit Agreement (Galleria Co.)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such an LC Disbursement denominated in Euro, Pounds Sterling or any other Class)Designated Currency, a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans and EURIBOR Revolving Loans; provided that that, if the such Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (ef) of this Section 2.05Section, Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, 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 (ef) 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 payment, and shall be payable on demand or, if no demand has been made, on the date on which the applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 1 contract
Samples: Credit Agreement (Knowles Corp)
Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans that are ABR Loans of such other Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, Section 2.13(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 (e) of this Section 2.05 to reimburse such Issuing Bank shall be 80 [[NYCORP:3666673v10:4312W:08/14/2017--04:53 PM]][[5628396]] for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).
Appears in 1 contract
Samples: Credit Agreement (Certara, Inc.)
Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement has been 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any or Eurodollar Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.052.13(c) shall apply; provided further that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans or Eurodollar Revolving Loans, and (C) Section 2.13(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 CI Acquisition Credit Agreement paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or if the Borrower shall have elected or been deemed to have elected to fund such reimbursement as an LC Loan, the date on which the Administrative Agent reimburses such LC Disbursement is reimbursed with the proceeds of Loans, as applicableDisbursement), at the rate Eurodollar Rate for the Interest Period at the time in effect for the Credit-Linked Deposits plus 5.75% per annum then applicable (subject to Initial Revolving Loans that are ABR Loans a reduction from 5.75% to 5.00% from and after the Rate Reduction Date (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Classif any)); provided that that, if the Borrower fails to reimburse such LC Disbursement (directly or through an LC Loan) when due pursuant to paragraph PARAGRAPH (e) of this Section 2.05Section, Section 2.13(cthen such LC Disbursement shall thereafter bear interest at the rate specified in SECTION 2.10(c) shall applyuntil such payment is made. 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 from the Credit-Linked Deposit of any Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Samples: Credit Agreement (Aquila Inc)
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation or in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Margin with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 applicable Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) or (1) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) or (1) of another Classthis Section, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05Section, then Section 2.13(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 (e) 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 and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.
Appears in 1 contract
Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses NDS Finance shall reimburse such LC Disbursement in full on the date such LC Disbursement has been 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 NDS Finance reimburses such LC Disbursement (or Disbursement, at a rate equal to the date on which rate reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement is reimbursed with plus the proceeds of Loans, as applicable), at the rate per annum then Applicable Margin applicable to Initial Eurocurrency Revolving Loans that are ABR (in the case of an LC Disbursement denominated in dollars or Sterling) or EURIBOR Revolving Loans (or, to in the extent case of the participation in such an LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of denominated in Euros) at such other Class)time; provided that that, if the Borrower NDS Finance fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.05, Section 2.13(c2.08(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Applicable Agent, for the account of the applicable Issuing Bank, Bank (except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be paid to the Applicable Agent for the account of such Revolving Lender pro rata to the extent of such payment payment), and shall be payable on demand or, if no demand has been made, on the date on which the Borrower is required to reimburse NDS Finance reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.
Appears in 1 contract