Participating Lender Fees. Each Borrower agrees to pay to Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Lender (A) in respect of all Multicurrency Letters of Credit issued for the account of such Borrower outstanding such Lender’s Multicurrency Revolver Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Multicurrency LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian 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 the respective Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender that has reimbursed such Facing Agent in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share or Canadian Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g) shall be paid directly to such Facing Agent.
Appears in 3 contracts
Samples: Credit Agreement (Crown Holdings Inc), Credit Agreement (Crown Holdings Inc), Credit Agreement (Crown Holdings Inc)
Participating Lender Fees. Each Borrower agrees to pay to Administrative Agent or the Canadian Administrative Agent, in the case currency in which such Letter of Canadian Borrower, Credit is denominated for distribution to each participating Lender LC Participant (A) in respect of all Multicurrency Letters of Credit issued for the account of such Borrower outstanding such Lender’s Multicurrency Revolver Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Multicurrency LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Dollar Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Dollar Revolver Pro Rata Share of a commission equal to the then Applicable B/A Eurocurrency Margin for Canadian Dollar Revolving Loans with respect to the Effective Amount amount outstanding under such outstanding Letters of Credit (the “Canadian Dollar LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian Dollar 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 the respective Facing Agent Issuing Lender or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g2.11(g), such Facing Agent Issuing Lender or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender that has reimbursed such Facing Agent Issuing Lender in accordance with Section 2.10(d2.11(d) its Multicurrency Revolver Pro Rata Share or Canadian Dollar Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g2.11(g) shall be paid directly to such Facing AgentIssuing Lender.
Appears in 3 contracts
Samples: Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc)
Participating Lender Fees. Each Borrower agrees to pay to Administrative Agent or the Canadian Administrative Agent, in the case currency in which such Letter of Canadian Borrower, Credit is denominated for distribution to each participating Lender LC Participant (A) in respect of all Multicurrency Letters of Credit issued for the account of such Borrower outstanding such Lender’s Multicurrency Revolver Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Multicurrency LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Dollar Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Dollar Revolver Pro Rata Share of a commission equal to the then Applicable B/A Eurocurrency Margin for Canadian Dollar Revolving Loans with respect to the Effective Amount amount outstanding under such outstanding Letters of Credit (the “Canadian Dollar LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian Dollar 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 the respective Facing Agent Issuing Lender or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g), such Facing Agent Issuing Lender or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender that has reimbursed such Facing Agent Issuing Lender in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share or Canadian Dollar Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g) shall be paid directly to such Facing AgentIssuing Lender.
Appears in 2 contracts
Samples: Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc)
Participating Lender Fees. Each Borrower agrees to pay to Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Lender (A) in respect of all Multicurrency Dollar Letters of Credit issued for the account of such Borrower outstanding such Lender’s Multicurrency Dollar Revolver Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans with respect to the Effective Amount of under such outstanding Dollar Letters of Credit (the “Dollar LC Commission”), and (B) in respect of all Euro Letters of Credit issued for the account of such Borrower outstanding such Lender’s Euro Revolver Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Revolving Loans with respect to the Effective Amount under such outstanding Euro Letters of Credit (the “Multicurrency Euro LC Commission” and, together with the Dollar LC Commission, the “LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian 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 the respective Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender that has reimbursed such Facing Agent in accordance with Section 2.10(d) its Multicurrency Dollar Revolver Pro Rata Share or Canadian Euro Revolver Pro Rata Share Share, as the case may be, of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g) shall be paid directly to such Facing Agent.
Appears in 2 contracts
Samples: Credit Agreement (Crown Holdings Inc), Credit Agreement (Crown Holdings Inc)
Participating Lender Fees. Each The Borrower agrees to pay to the ------------------------- Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Domestic Revolving Lender (Awith respect to Domestic Letters of Credit and Domestic Supported Foreign LCs) and Multicurrency Revolving Lender (with respect to Multicurrency Letters of Credit) in respect of all Multicurrency Letters of Credit issued for the account of such Borrower outstanding such Domestic Revolving Lender’s 's Domestic Revolver Pro Rata Share or Multicurrency Revolver Revolving Lender's Multicurrency Revolving Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Term A Loans per annum with respect to the Effective maximum Stated Amount under such outstanding Letters of Credit (the “Multicurrency "LC Commission”) "), payable in arrears on and through each Quarterly Payment ------------- Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian 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 the respective a Facing Agent or the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g2.10(e), such the --------------- applicable Facing Agent or the Administrative Agent shall distribute to each Domestic Revolving Lender or Multicurrency Revolving Lender, as the Canadian Administrative Agentcase may be, its Domestic Revolver Pro Rata Share or Multicurrency Revolver Pro Rata Share, as the case may be, of such amount as long as, in the case of Canadian Borroweramounts described in clause (i)(A), shall distribute to each such Lender that has reimbursed such the applicable Facing Agent in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share or Canadian Revolver Pro Rata Share of such amount2.10(c). Amounts payable under clause (i)(B) and (C) of --------------- this Section 2.10(g2.10(c) shall be paid directly to such the applicable Facing Agent.. ---------------
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Participating Lender Fees. Each Borrower agrees (A) Borrowers agree jointly and severally to pay to Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Lender (A) that is not a Defaulting Lender in respect of all Multicurrency Letters of Credit issued for the account (other than Rollover Letters of such Borrower Credit) outstanding such Lender’s Multicurrency 's Revolver Pro Rata Share of a per annum commission equal to the then Applicable Eurocurrency Eurodollar Rate Margin for Multicurrency Revolving Loans with respect to the Effective daily Stated Amount under such outstanding Letters of Credit (the “Multicurrency "LC Commission”) "), payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian The LC Commission shall be computed on a daily per annum 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.
(B) Borrowers agree jointly and severally to pay to Agent for distribution to each participating Lender that is not a Defaulting Lender in respect of all Rollover Letters of Credit outstanding such Lender's Term A Pro Rata Share of a per annum commission equal to the Applicable Eurodollar Rate Margin for Revolving Loans with respect to the daily Stated Amount under such outstanding Rollover Letters of Credit (the "Rollover LC Commission"), payable in arrears on each Quarterly Payment Date, on the final expiration date of all Rollover Letters of Credit and thereafter, on demand. The Rollover LC Commission shall be computed on a per annum basis from the first day of issuance of each Rollover Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by the respective Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) with respect to Letters of Credit other then Rollover Letters of Credit or (iiii)(A) of this Section 2.10(g2.9(e), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender (other than a Defaulting Lender) that has reimbursed such Facing Agent in accordance with Section 2.10(d2.9(d) its Multicurrency Revolver Pro Rata Share of such amount. Promptly upon receipt by Facing Agent or Canadian Revolver Agent of any amount described in clause (i)(A) with respect to Rollover Letters of Credit or (ii)(B) of this Section 2.9(e), Facing Agent or Agent shall distribute to each Lender (other than a Defaulting Lender) that has reimbursed Facing Agent in accordance with Section 2.9(d) its Term A Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g2.9(e) shall be paid directly to such Facing Agent.
Appears in 1 contract
Samples: Credit Agreement (Natg Holdings LLC)
Participating Lender Fees. Each (A) Borrower agrees to pay to Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Lender (A) that is not a Defaulting Lender in respect of all Multicurrency Letters of Credit issued for the account (other than Rollover Letters of such Borrower Credit) outstanding such Lender’s Multicurrency 's Revolver Pro Rata Share of a per annum commission equal to the then Applicable Eurocurrency Eurodollar Rate Margin for Multicurrency Revolving Loans with respect to the Effective daily Stated Amount under such outstanding Letters of Credit (the “Multicurrency "LC Commission”) "), payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian The LC Commission shall be computed on a daily per annum 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.
(B) Borrower agrees to pay to Agent for distribution to each participating Lender that is not a Defaulting Lender in respect of all Rollover Letters of Credit outstanding such Lender's Term A Pro Rata Share of a per annum commission equal to the Applicable Eurodollar Rate Margin for Revolving Loans with respect to the daily Stated Amount under such outstanding Rollover Letters of Credit (the "Rollover LC Commission"), payable in arrears on each Quarterly Payment Date, on the final expiration date of all Rollover Letters of Credit and thereafter, on demand. The Rollover LC Commission shall be computed on a per annum basis from the first day of issuance of each Rollover Letter of Credit and on the basis of the actual number of days elapsed over a year of 360 days. Promptly upon receipt by the respective Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) with respect to Letters of Credit other then Rollover Letters of Credit or (iiii)(A) of this Section 2.10(g2.9(e), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender (other than a Defaulting Lender) that has reimbursed such Facing Agent in accordance with Section 2.10(d2.9(d) its Multicurrency Revolver Pro Rata Share of such amount. Promptly upon receipt by Facing Agent or Canadian Revolver Agent of any amount described in clause (i)(A) with respect to Rollover Letters of Credit or (ii)(B) of this Section 2.9(e), Facing Agent or Agent shall distribute to each Lender (other than a Defaulting Lender) that has reimbursed Facing Agent in accordance with Section 2.9(d) its Term A Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g2.9(e) shall be paid directly to such Facing Agent.
Appears in 1 contract
Participating Lender Fees. Each Borrower Company agrees to pay or cause to be paid in Dollars (or if the applicable Letter of Credit is in an Alternative Currency, then in such Alternative Currency or, at the option of Company, the Dollar Equivalent amount in Dollars) to the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Revolving Lender (A) under any Revolving Facility in respect of all Multicurrency Letters of Credit issued for the account of outstanding suchunder such Borrower outstanding Revolving Facility such Revolving Lender’s Multicurrency Revolver Pro Rata Share (in the case of a Letter of Credit issued under the Multicurrency Revolving Facility) or USD Revolver Pro Rata Share (in the case of a Letter of Credit issued under the USD Revolving Facility) of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans (in the case of a Letter of Credit issued under the Multicurrency Revolving Facility) or USD Revolver Pro Rata Share (in the case of a Letter of Credit issued under the USD Revolving Facility) with respect to the Effective Amount under of such outstanding Letters of Credit under such Revolving Facility (the “Multicurrency LC Commission”) ), payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters under which such Letter of Credit was issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency The LC Commission and the Canadian LC Commission under each Revolving Facility shall be computed on a daily basis from the first day of issuance of each Letter of Credit under such Revolving Facility and on the basis of the actual number of days elapsed over a year of 360 days. Promptly PromptlyWith respect to each Revolving Facility, promptly upon receipt by the respective Facing Agent or the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Revolving Lender under such Revolving Facility that has reimbursed such Facing Agent in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share (in the case of a Letter of Credit issued under the Multicurrency Revolving Facility) or Canadian USD Revolver Pro Rata Share (in the case of a Letter of Credit issued under the USD Revolving Facility) of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g) shall be paid directly to such Facing Agent.
Appears in 1 contract
Samples: Credit Agreement (BALL Corp)
Participating Lender Fees. Each Borrower agrees to pay to Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, in the currency in which such Letter of Credit is denominated for distribution to each participating Lender LC Participant (A) in respect of all Multicurrency Letters of Credit issued for the account of such Borrower outstanding such Lender’s Multicurrency Revolver Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Multicurrency LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian 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 the respective Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Lender that has reimbursed such Facing Agent in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share or Canadian Revolver Pro Rata Share of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g) shall be paid directly to such Facing Agent.
Appears in 1 contract
Participating Lender Fees. Each Borrower Company agrees to pay or cause to be paid in Dollars (or if the applicable Letter of Credit is in an Alternative Currency, then in such Alternative Currency or, at the option of Company, the Dollar Equivalent amount in Dollars) to the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Revolving Lender (A) under any Revolving Facility in respect of all Multicurrency Letters of Credit issued for the account of outstanding under such Borrower outstanding Revolving Facility such Revolving Lender’s Multicurrency Revolver Pro Rata Share (in the case of a Letter of Credit issued under the Multicurrency Revolving Facility) or USD Revolver Pro Rata Share (in the case of a Letter of Credit issued under the USD Revolving Facility) of a commission equal to the then Applicable Adjusted Term SOFR Margin, Applicable Eurocurrency Margin or Applicable RFR Margin (as applicable) for Multicurrency Revolving Loans (in the case of a Letter of Credit issued under the Multicurrency Revolving Facility) or USD Revolver Pro Rata Share (in the case of a Letter of Credit issued under the USD Revolving Facility) with respect to the Effective Amount under of such outstanding Letters of Credit under such Revolving Facility (the “Multicurrency LC Commission”) ), payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters under which such Letter of Credit was issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency The LC Commission and the Canadian LC Commission under each Revolving Facility shall be computed on a daily basis from the first day of issuance of each Letter of Credit under such Revolving Facility and on the basis of the actual number of days elapsed over a year of 360 days. Promptly With respect to each Revolving Facility, promptly upon receipt by the respective Facing Agent or the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g), such Facing Agent or Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, shall distribute to each Revolving Lender under such Revolving Facility that has reimbursed such Facing Agent in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share (in the case of a Letter of Credit issued under the Multicurrency Revolving Facility) or Canadian USD Revolver Pro Rata Share (in the case of a Letter of Credit issued under the USD Revolving Facility) of such amount. Amounts payable under clause (i)(B) and (C) of this Section 2.10(g) shall be paid directly to such Facing Agent.
Appears in 1 contract
Samples: Credit Agreement (BALL Corp)
Participating Lender Fees. Each The Borrower agrees to pay to the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, for distribution to each participating Domestic Revolving Lender (Awith respect to Domestic Letters of Credit and Domestic Supported Foreign LCs) and Multicurrency Revolving Lender (with respect to Multicurrency Letters of Credit) in respect of all Multicurrency Letters of Credit issued for the account of such Borrower outstanding such Domestic Revolving Lender’s 's Domestic Revolver Pro Rata Share or Multicurrency Revolver Revolving Lender's Multicurrency Revolving Pro Rata Share of a commission equal to the then Applicable Eurocurrency Margin for Multicurrency Revolving Term B Loans per annum with respect to the Effective maximum Stated Amount under such outstanding Letters of Credit (the “Multicurrency "LC Commission”) "), payable in arrears on and through each Quarterly Payment Date, on the Revolver Termination Date for the Multicurrency Revolving Facility and thereafter, on demand and (B) in respect of all Canadian Letters of Credit issued for the account of such Borrower outstanding such Lender’s Canadian Revolver Pro Rata Share of a commission equal to the then Applicable B/A Margin for Canadian Revolving Loans with respect to the Effective Amount under such outstanding Letters of Credit (the “Canadian LC Commission”) payable in arrears on and through each Quarterly Payment Date, on the Canadian Revolver Termination Date and thereafter, on demand. Each of the Multicurrency LC Commission and the Canadian 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 the respective a Facing Agent or the Administrative Agent or the Canadian Administrative Agent, in the case of Canadian Borrower, of any amount described in clause (i)(A) or (ii) of this Section 2.10(g2.10(e), such the applicable Facing Agent or the Administrative Agent shall distribute to each Domestic Revolving Lender or Multicurrency Revolving Lender, as the Canadian Administrative Agentcase may be, its Domestic Revolver Pro Rata Share or Multicurrency Revolver Pro Rata Share, as the case may be, of such amount as long as, in the case of Canadian Borroweramounts described in clause (i)(A), shall distribute to each such Lender that has reimbursed such the applicable Facing Agent in accordance with Section 2.10(d) its Multicurrency Revolver Pro Rata Share or Canadian Revolver Pro Rata Share of such amount2.10(c). Amounts payable under clause (i)(B) and (C) of this Section 2.10(g2.10(e) shall be paid directly to such the applicable Facing Agent.
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