Participating Lender Fees. The Borrower agrees to pay to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Revolving Loans per annum with respect to the maximum Stated Amount under such outstanding Letters of Credit (the “LC Commission”), payable in Dollars in arrears on each Quarterly Payment Date, on the Revolver Termination Date and thereafter, on demand. The LC Commission shall be computed from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a Facing Agent or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e), the applicable Facing Agent or the Administrative Agent shall distribute to each Revolving Lender its Pro Rata Share, as the case may be, of such amount as long as, in the case of amounts described in clause (i)(A), such Lender has reimbursed the applicable Facing Agent in accordance with Section 2.9(c). Amounts payable under clause (i)(B) and (C) of this Section 2.9(e) shall be paid directly to the applicable Facing Agent.
Appears in 7 contracts
Samples: Credit Agreement, Credit Agreement (Huntsman CORP), Credit Agreement (Huntsman International LLC)
Participating Lender Fees. The Borrower Company agrees to pay in Dollars to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s Multicurrency Revolver Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans per annum with respect to the maximum Stated Effective Amount under of such outstanding Letters of Credit (the “LC Commission”), payable in Dollars in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date and thereafter, on demand. The LC Commission shall be computed on a daily basis from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a the respective Facing Agent or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e2.10(g), the applicable such Facing Agent or the Administrative Agent shall distribute to each Revolving Lender its Pro Rata Share, as the case may be, of such amount as long as, in the case of amounts described in clause (i)(A), such Lender that has reimbursed the applicable such Facing Agent in accordance with Section 2.9(c)2.10(d) its Multicurrency Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.9(e2.10(g) shall be paid directly to the applicable such Facing Agent.
Appears in 5 contracts
Samples: Credit Agreement (Ball Corp), Credit Agreement (Ball Corp), Credit Agreement (Ball Corp)
Participating Lender Fees. The Borrower agrees to pay to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s Revolving Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Revolving Loans per annum with respect to the maximum Stated Amount under such outstanding Letters of Credit (the “LC Commission”), payable in Dollars in arrears on each Quarterly Payment Date, on the Revolver Termination Date and thereafter, on demand. The LC Commission shall be computed from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a Facing Agent or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e), the applicable Facing Agent or the Administrative Agent shall distribute to each Revolving Lender its Pro Rata Share, as the case may be, of such amount as long as, in the case of amounts described in clause (i)(A), such Lender has reimbursed the applicable Facing Agent in accordance with Section 2.9(c). Amounts payable under clause (i)(B) and (C) of this Section 2.9(e) shall be paid directly to the applicable Facing Agent.
Appears in 2 contracts
Samples: Credit Agreement (Huntsman International LLC), Credit Agreement (Huntsman International LLC)
Participating Lender Fees. The Borrower agrees to pay to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s Revolving Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Revolving Loans per annum with respect to the maximum Stated Amount under such outstanding Letters of Credit (the “LC Commission”), payable in Dollars in arrears on each Quarterly Payment Date, on the Revolver Termination Date and thereafter, on demand. The LC Commission shall be computed from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a Facing Agent or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e), the applicable Facing Agent or the Administrative Agent shall distribute to each Revolving Lender its Pro Rata Share, as the case may be, of such amount as long as, in the case of amounts described in clause (i)(A), such Lender has reimbursed the applicable Facing Agent in accordance with Section 2.9(c). Amounts payable under clause (i)(B) and (C) of this Section 2.9(e) shall be paid directly to the applicable Facing Agent.
Appears in 2 contracts
Samples: Credit Agreement (Huntsman CORP), Credit Agreement (Huntsman CORP)
Participating Lender Fees. The Borrower agrees Borrowers agree to pay to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s 's Revolving Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Revolving Loans per annum with respect to the maximum Stated Amount under such outstanding Letters of Credit (the “"LC Commission”COMMISSION"), payable in Dollars in arrears on each Quarterly Payment Datethe last Business Day of March, June, September and December, on the Revolver Commitment Termination Date and thereafter, on demand. The LC Commission shall be computed from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a Facing Agent Bank or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(eSECTION 2.5(e), the applicable Facing Agent Bank or the Administrative Agent shall distribute to each Revolving Lender Lender, its Revolving Pro Rata Share, as the case may be, Share of such amount as long as, in the case of amounts described in clause (i)(A), such Revolving Lender has reimbursed the applicable Facing Agent Bank in accordance with Section 2.9(cSECTION 2.5(d). Amounts payable under clause (i)(B) and (C) of this Section 2.9(eSECTION 2.5(e) shall be paid directly to the applicable Facing AgentBank.
Appears in 1 contract
Samples: Revolving Credit Agreement (Huntsman Polymers Corp)
Participating Lender Fees. The Borrower agrees Borrowers agree to pay to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s Revolving Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Revolving Loans per annum with respect to the maximum Stated Amount under such outstanding Letters of Credit (the “LC Commission”), payable in Dollars in arrears on each Quarterly Payment Datethe last Business Day of March, June, September and December, on the Revolver Commitment Termination Date and thereafter, on demand. The LC Commission shall be computed from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a Facing Agent Bank or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e2.5(e), the applicable Facing Agent Bank or the Administrative Agent shall distribute to each Revolving Lender Lender, its Revolving Pro Rata Share, as the case may be, Share of such amount as long as, in the case of amounts described in clause (i)(A), such Revolving Lender has reimbursed the applicable Facing Agent Bank in accordance with Section 2.9(c2.5(d). Amounts payable under clause (i)(B) and (C) of this Section 2.9(e2.5(e) shall be paid directly to the applicable Facing AgentBank.
Appears in 1 contract
Samples: Revolving Credit Agreement (Huntsman Petrochemical Finance Co)
Participating Lender Fees. The Borrower Company agrees to pay in Dollars to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s Multicurrency Revolver Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans per annum with respect to the maximum Stated Effective Amount under of such outstanding Letters of Credit (the “LC Commission”), payable in Dollars in arrears on and through each Quarterly Payment Date, on the Multicurrency Revolver Termination Date and thereafter, on demand. The LC Commission shall be computed on a daily basis from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a the respective Facing Agent or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e2.10(g), the applicable such Facing Agent or the Administrative Agent shall distribute to each Revolving Lender its Pro Rata Share, as the case may be, of such amount as long as, in the case of amounts described in clause (i)(A), such Lender that has reimbursed the applicable such Facing Agent in accordance with Section 2.9(c)2.10(d) its Multicurrency Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.9(e2.10(g) shall be paid directly to the applicable such Facing Agent.
Appears in 1 contract
Samples: Credit Agreement (Ball Corp)
Participating Lender Fees. The Borrower Company agrees to pay in Dollars to the Administrative Agent for distribution to each participating Revolving Lender in respect of all Letters of Credit outstanding such Revolving Lender’s 's Multicurrency Revolver Pro Rata Share under the Revolving Facility of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans per annum with respect to the maximum Stated Effective Amount under of such outstanding Letters of Credit (the “"LC Commission”"), payable in Dollars in arrears on and through each Quarterly Payment Date, on the Multicurrency Revolver Termination Date and thereafter, on demand. The LC Commission shall be computed on a daily basis from the first day of issuance of each Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by a the respective Facing Agent or the Administrative Agent of any amount described in clause (i)(A) or (ii) of this Section 2.9(e2.10(g), the applicable such Facing Agent or the Administrative Agent shall distribute to each Revolving Lender its Pro Rata Share, as the case may be, of such amount as long as, in the case of amounts described in clause (i)(A), such Lender that has reimbursed the applicable such Facing Agent in accordance with Section 2.9(c)2.10(d) its Multicurrency Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.9(e2.10(e) shall be paid directly to the applicable such Facing Agent.
Appears in 1 contract
Samples: Credit Agreement (Ball Corp)