Common use of Interim Interest Clause in Contracts

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, 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 Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 17 contracts

Samples: Credit Agreement (Roku, Inc), Credit Agreement (ExlService Holdings, Inc.), Credit Agreement (Integral Ad Science Holding Corp.)

AutoNDA by SimpleDocs

Interim Interest. If an the applicable Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse (including by a Borrowing) such LC Disbursement in full on not later than the first Business Day following the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse (including by a Borrowing) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.02(e), then Section 2.13(c) 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.02(e) of this Section 2.06 to reimburse such the applicable Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 15 contracts

Samples: Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 15 contracts

Samples: Credit Agreement (CompoSecure, Inc.), Credit Agreement (Potbelly Corp), Credit Agreement (F45 Training Holdings Inc.)

Interim Interest. If an any Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC DisbursementDisbursement by payment or by an ABR Loan, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement within one Business Day of the date when due pursuant to clause (e) of this Section 2.063.5, then Section 2.13(c2.8(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 3.5 to reimburse such an Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 14 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 11 contracts

Samples: Credit Agreement (Rivian Automotive, Inc. / DE), Credit Agreement (Rivian Automotive, Inc. / DE), Credit Agreement (Rivian Automotive, Inc. / DE)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 11 contracts

Samples: Credit Agreement (Opko Health, Inc.), Credit Agreement (Highland Transcend Partners I Corp.), Credit Agreement (Opko Health, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 11 contracts

Samples: Credit Agreement (Ugi Corp /Pa/), Limited Waiver and Fourth Amendment to Third Amended and Restated Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Ugi Corp /Pa/)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 9 contracts

Samples: Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Credit Agreement (Kimball International Inc), Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower (or any other account party) reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on under the date when such reimbursement is dueapplicable Revolving Facility; provided, provided that, if the a Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.11(c) shall applyapply from such due date until such reimbursement is made. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, Bank making such LC Disbursement except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e)(ii) of this Section 2.06 to reimburse such an Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 8 contracts

Samples: Credit Agreement, Credit Agreement (Aramark), Incremental Amendment (Aramark)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 7 contracts

Samples: Credit Agreement (Wellcare Health Plans, Inc.), Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Almost Family Inc)

Interim Interest. If an the Issuing Bank Bank(s) for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.04, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankBank(s), except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.04 to reimburse such Issuing Bank Bank(s) shall be for the account of such Lender to the extent of such payment.

Appears in 6 contracts

Samples: Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp)

Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.4, then interest calculated in accordance with Section 2.13(c) shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 5 contracts

Samples: Credit Agreement (Lbi Media Holdings Inc), Credit Agreement (Lbi Media Holdings Inc), Credit Agreement (Lbi Media Holdings Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 5 contracts

Samples: Credit Agreement (GLOBAL INDUSTRIAL Co), Credit Agreement (GLOBAL INDUSTRIAL Co), Credit Agreement (Haynes International Inc)

Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest 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 Funding Agent, on behalf of its Lender Group, pursuant to clause (e) of this Section 2.06 2.4 to reimburse such Issuing Bank shall be for the account of such Funding Agent for distribution to its Lender Group to the extent of such payment.

Appears in 4 contracts

Samples: u.s. Receivables Loan Agreement (Huntsman International LLC), u.s. Receivables Loan Agreement, u.s. Servicing Agreement, u.s. Receivables Purchase Agreement (Huntsman International LLC), u.s. Receivables Loan Agreement, u.s. Servicing Agreement, u.s. Receivables Purchase Agreement (Huntsman International LLC)

Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.4, then interest calculated in accordance with Section 2.13(c2.12(c) shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (Affinity Group Inc), Credit Agreement (Affinity Group Holding Inc), Credit Agreement (Affinity Group Holding, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (Scansource, Inc.), Credit Agreement (Scansource Inc), Credit Agreement (Scansource Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (whether with the proceeds of a Revolving Loan or otherwise), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.13(e), then Section 2.13(c2.06(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 clause (eSection 2.13(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Samples: Ratification and Amendment Agreement (Cenveo, Inc), Credit Agreement (Cenveo, Inc), Abl Credit Agreement

Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Alternative Currency Revolving Loans denominated in Dollars which are ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.063.5, then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph Section shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Alternative Currency Revolving Lender pursuant to clause (e) of this Section 2.06 3.5 to reimburse such the Issuing Bank Lender shall be for the account of such Alternative Currency Revolving Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

Interim Interest. If an Issuing Bank the Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (ed) of this Section 2.06Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such paymentLender.

Appears in 4 contracts

Samples: Credit Agreement (SJW Group), Credit Agreement (SJW Group), Credit Agreement (SJW Group)

Interim Interest. If an Issuing Bank shall make any LC DisbursementDisbursement with respect to a Letter of Credit is made, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.11A, then Section 2.13(c) 2.2D shall apply. Interest With respect to any Fronted Letter of Credit, interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Fronted LC Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 2.11C to reimburse such LC Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant Inc), Credit Agreement (Assurant Inc)

Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05, 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 clause (e) of this Section 2.06 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 4 contracts

Samples: Master Amendment (Krispy Kreme, Inc.), Credit Agreement (Krispy Kreme, Inc.), Credit Agreement (Krispy Kreme, Inc.)

Interim Interest. If an Issuing Bank the L/C Issuer for any standby Letter of Credit shall make any LC L/C Disbursement, then, unless the Borrower Borrowers shall jointly and severally reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC L/C Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, that, provided that if the Borrower fails Borrowers fail to reimburse such LC L/C Disbursement when due pursuant to clause (ef) of this Section 2.062.16, then Section 2.13(c2.08(b) shall apply. Interest accrued pursuant to this paragraph clause (p) shall be for the account of the applicable Issuing Banksuch L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (ef) of this Section 2.06 2.16 to reimburse such Issuing Bank L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 3 contracts

Samples: Credit Agreement (Chefs' Warehouse, Inc.), Credit Agreement (Chefs' Warehouse, Inc.), Credit Agreement (Chefs' Warehouse, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 3 contracts

Samples: Credit Agreement (MasterBrand, Inc.), Credit Agreement (MasterBrand, Inc.), Credit Agreement (MasterBrand, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless until the Borrower shall reimburse have reimbursed the Issuing Bank for such LC Disbursement in full on the date such LC Disbursement is made(either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 3 contracts

Samples: Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, 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 clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Incremental Facility Amendment (Jamf Holding Corp.), Credit Agreement (Jamf Holding Corp.), Incremental Facility Amendment (Jamf Holding Corp.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12 (e) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) such unpaid amount shall applybear interest at the applicable Default Rate. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Newell Rubbermaid Inc), Credit Agreement (Newell Rubbermaid Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Kodiak Gas Services, Inc.), Credit Agreement (Kodiak Gas Services, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Winnebago Industries Inc), Credit Agreement (Winnebago Industries Inc)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.063.05, then Section 2.13(c2.04(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 3.05 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Avangrid, Inc.), Revolving Credit Agreement (Avangrid, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(b) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Solaris Oilfield Infrastructure, Inc.), Credit Agreement (Solaris Oilfield Infrastructure, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower (or any other account party) reimburses such LC Disbursement, at in the case of a Revolving LC Disbursement, the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable commencing on the date when of such reimbursement is dueLC Disbursement; provided, provided that, if the Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankBank making such LC Disbursement, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e)(ii) of this Section 2.06 to reimburse such an Issuing Bank Bank, shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Rural/Metro Corp /De/), Credit Agreement (Rural/Metro Corp /De/)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due and payable pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(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 clause paragraph (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum equal to the rate per annum then applicable to Revolving Credit ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such applicable LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Tranche A Revolving Loans and such interest shall be payable on the date when such reimbursement is duethat are Base Rate Loans; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due and payable pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(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 Tranche A Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Indus Realty Trust, Inc.), Credit Agreement (Indus Realty Trust, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Kirby Corp), Credit Agreement (Kirby Corp)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such an Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Reynolds American Inc), Credit Agreement (Reynolds American Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans Loans, and such interest shall be is due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (ANTERO RESOURCES Corp), Credit Agreement (ANTERO RESOURCES Corp)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Fortune Brands Home & Security, Inc.), Credit Agreement (Fortune Brands Home & Security, Inc.)

Interim Interest. If an Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(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 clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (whether directly or through a Loan), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement (whether directly or through a Loan) when due pursuant to clause paragraph (e) of this Section 2.06Section, then 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Par Pharmaceutical Companies, Inc.)

Interim Interest. If an the Issuing Bank shall make makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall will be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause will 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 clause (eSection 2.06(e) of this Section 2.06 to reimburse such the Issuing Bank shall will be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Allbirds, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, that, provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Berry Corp (Bry))

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Clarus Corp)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Rate Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.13(e), then Section 2.13(c2.06(f) 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 clause (eSection 2.13(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Resolute Forest Products Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.2(d), then interest shall accrue at the default rate pursuant to Section 2.13(c) shall apply2.5(b). Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.2(d) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Loan and Security Agreement (Trupanion Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Credit ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) 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 clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Interim Interest. If an Issuing Bank LC Issuer shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the a rate per annum (computed in accordance with Section 2.07(a)) equal to the rate then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.03(e), then Section 2.13(c2.07(b) shall apply. Interest accrued pursuant to this paragraph Section 2.03(h) shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any LC Lender pursuant to clause (eSection 2.03(e) of this Section 2.06 to reimburse such Issuing Bank LC Issuer shall be for the account of such LC Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when ​ ​ ​ ​ due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Aris Water Solutions, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (whether directly or through a Loan), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement (whether directly or through a Loan) when due pursuant to clause paragraph (e) of this Section 2.06Section, then 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 clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Par Pharmaceutical Companies, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the applicable Lead Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Lead Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Rate Loans, as applicable; provided, thatprovided that , if the applicable Lead Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(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 clause paragraph (e) of this Section 2.06 2.13 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Abl Credit Agreement (Performance Sports Group Ltd.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, ----------------- then, unless the U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Dollar Loans; provided, provided that, if the U.S. Borrower fails to reimburse such LC -------- Disbursement when due pursuant to clause paragraph (ef) of this Section 2.06, then Section 2.13(c2.08(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 Dollar Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Dollar Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Crown Holdings Inc)

AutoNDA by SimpleDocs

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the applicable Revolving Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the such Revolving Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the NAI-1539367892v12 such Revolving Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cooper Companies, Inc.)

Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest 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 Committed Lender pursuant to clause (e) of this Section 2.06 2.4 to reimburse such Issuing Bank shall be for the account of such Committed Lender to the extent of such payment.

Appears in 1 contract

Samples: u.s. Receivables Loan Agreement (Huntsman CORP)

Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement ---------------- in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.4, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Teltrust Inc)

Interim Interest. If an Issuing Bank the L/C Issuer for any standby Letter of Credit shall make any LC DisbursementLetter of Credit disbursement, then, unless the Borrower shall reimburse such LC Disbursement Letter of Credit disbursement in full on the date such LC Disbursement Letter of Credit disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement Letter of Credit disbursement is made to but excluding the date that the Borrower reimburses such LC DisbursementLetter of Credit disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, that, if the Borrower fails to reimburse such LC Disbursement Letter of Credit disbursement when due pursuant to clause (ef) of this Section 2.062.03, then Section 2.13(c2.08(b) shall apply. Interest accrued pursuant to this paragraph clause (p) shall be for the account of the applicable Issuing Banksuch L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (ef) of this Section 2.06 2.03 to reimburse such Issuing Bank L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Apogee Enterprises, Inc.)

Interim Interest. If an the LC Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.04, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable LC Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.04 to reimburse such the LC Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Nl Industries Inc)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueTranche A Revolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.04, then Section 2.13(c2.11(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 Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.04 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Nextel Communications Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Administrative Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Tranche A Revolving Loans; provided, provided that, if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(e), then Section 2.13(c2.12(cd) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to clause (eSection 2.05(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Stonemor Partners Lp)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, payable; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank Banks shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Masimo Corp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR CBFR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, 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 Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Dril-Quip Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Administrative Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Revolving Loans; provided, provided that, if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.05(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Stonemor Partners Lp)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Kirby Corp)

Interim Interest. If an the Issuing Bank shall make makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall will be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause will 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 clause (eSection 2.06(e) of this Section 2.06 to reimburse such the Issuing Bank shall will be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Francesca's Holdings CORP)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c2.13(cd) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Align Technology Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(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 clause (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Resolute Forest Products Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

Interim Interest. If an a Letter of Credit Issuing Bank shall make any LC DisbursementDrawing Payment, then, unless the Borrower shall reimburse such LC Disbursement Drawing Payment in full on the date such LC Disbursement Drawing Payment is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement Drawing Payment is made to but excluding the date that the Borrower reimburses such LC DisbursementDrawing Payment in full, at a rate equal to the rate Base Rate, in effect from time to time, plus the Applicable Margin for Base Rate Loans plus 0.25% per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueannum; provided, provided that, if the Borrower fails to reimburse such LC Disbursement Drawing Payment when due pursuant to clause (eSection 2.4(d)(iv) of this Section 2.06through the conversion to an LC Loan or otherwise, then Section 2.13(csuch overdue amount shall bear additional interest (after as well as before judgment) shall applyat a rate equal to 2% per annum. Interest accrued pursuant to this paragraph shall be for the account of the applicable Letter of Credit Issuing Bank, except that provided that, for the avoidance of doubt, any interest accrued in accordance with Section 2.5 on and after the date of payment by any LC Lender pursuant to clause (eSection 2.4(d)(iii) of this Section 2.06 to reimburse such Letter of Credit Issuing Bank shall be for the account of such LC Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure Corp)

Interim Interest. If an Issuing Bank LC Issuer shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the a rate per annum (computed in accordance with Section 2.09(a)) equal to the rate then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.03(e), then Section 2.13(c2.09(b) shall apply. Interest accrued pursuant to this paragraph Section 2.03(h) shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.03(e) of this Section 2.06 to reimburse such Issuing Bank LC Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower U.S. Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses U.S. Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to U.S. Revolving Loans maintained as ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, that, provided that if the Borrower fails U.S. Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.05, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable respective Issuing Bank, except that interest accrued on and after the date of payment by any U.S. Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.05 to reimburse such Issuing Bank shall be for the account of such U.S. Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Intertape Woven Products Services S.A. De C.V.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.14(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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Archrock Partners, L.P.)

Interim Interest. If an Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Borrowings; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.5(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.5(j) shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (eSection 2.5(e) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (including with the proceeds of a Revolving Credit Borrowing), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Loans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.16(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 Credit Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Abl Credit Agreement (GNC Holdings, Inc.)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c) 2.13 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 clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Lucid Group, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest 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 Committed Lender pursuant to clause (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank shall be for the account of such Committed Lender to the extent of such payment.

Appears in 1 contract

Samples: u.s. Receivables Loan Agreement (Huntsman CORP)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless until the Borrower shall reimburse have reimbursed the Issuing Bank for such LC Disbursement in full on the date such LC Disbursement is made(either with its own funds or a Borrowing under Section 2.09(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.09(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.09(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.09(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, that, provided that if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Idexx Laboratories Inc /De)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement ​ ​ ​ ​ is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, 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 Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Ping Identity Holding Corp.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c2.13(df) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on or before the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause (eSection 2.11(f) of this Section 2.06hereof, then the second and third sentences of Section 2.13(c) 3.02 hereof shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender Bank pursuant to clause (eSection 2.11(e) of this Section 2.06 hereof to reimburse such Issuing Bank shall be for the account of such Lender Bank to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Pitney Bowes Inc /De/)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Aris Water Solutions, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement Dis- bursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement Dis- bursement is made to but excluding the date that the Borrower (or any other account party) reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on under the date when such reimbursement is dueapplicable Revolving Facility; provided, provided that, if the a Borrower fails to reimburse (or cause another account party to xxxx- xxxxx) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.11(c) shall applyapply from such due date until such reimbursement is made. Interest Inter- est accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, Bank making such LC Disbursement except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e)(ii) of this Section 2.06 to reimburse such an Issuing Bank shall be for the account of such Lender to the extent of such paymentpay- ment.

Appears in 1 contract

Samples: Credit Agreement (Aramark)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Ethan Allen Interiors Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and 27 payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(c) shall applyapply with respect to such unreimbursed amount. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (O Reilly Automotive Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!