Common use of Investment of Amounts in Deposit Account Clause in Contracts

Investment of Amounts in Deposit Account. The Administrative Agent shall invest, or cause to be invested, the Deposit of each Deposit Lender so as to earn for the account of such Lender a return thereon (the “Deposit Return”) for each day at a rate per annum equal to (i) the one month LIBOR rate as determined by the Administrative Agent on such day (or if such day was not a Business Day, the first Business Day immediately preceding such day) based on rates for deposits in dollars (as set forth by Bloomberg L.P.-page BTMM or any other comparable publicly available service as may be selected by the Administrative Agent) (the “Benchmark LIBO Rate”) minus (ii) 0.10% per annum (based on a 365/366 day year). The Benchmark LIBO Rate will be reset on each Business Day. The Deposit Return accrued through and including the last day of March, June, September and December of each year shall be payable by the Administrative Agent to each Deposit Lender on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date, and on the date on which each of the Deposit Commitments and the Deposit LC Exposure shall have been reduced to zero, and the Administrative Agent agrees to pay to each Deposit Lender the amounts due to it under this sentence. No Credit Party shall have any obligation under or in respect of the provisions of this paragraph (d).

Investment of Amounts in Deposit Account. The Administrative Agent shall invest, or cause to be invested, the Deposit of each Deposit DF Lender so as to earn for the account of such DF Lender a return thereon (the “Deposit Return”) for each day at a rate per annum equal to (i) the one month LIBOR rate as determined by the Administrative Agent on such day (or if such day was not a Business Day, the first Business Day immediately preceding such day) based on rates for deposits in dollars (as set forth by Bloomberg L.P.-page BTMM or any other comparable publicly available service as may be selected by the Administrative Agent) (the “Benchmark LIBO Rate”) minus (ii) 0.10% per annum (based on a 365/366 day year). The Benchmark LIBO Rate will be reset on each Business Day. The Deposit Return accrued through and including the last day of March, June, September and December of each year shall be payable by the Administrative Agent to each Deposit DF Lender on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date, and on the date on which each of the Deposit Commitments DF Total Commitment and the Deposit DF LC Exposure shall have been reduced to zero, and the Administrative Agent agrees to pay to each Deposit DF Lender the amounts amount due to it under this sentence. No Credit Party shall have any obligation under or in respect of the provisions of this paragraph (d).