Common use of PAYMENT OF INDEMNITY FEES Clause in Contracts

PAYMENT OF INDEMNITY FEES. Japanese Funding Lender shall promptly pay by wire transfer of immediately available funds to each Indemnifying Lender, as an indemnity fee for the Indemnity Participation provided to Japanese Funding Lender by Indemnifying Lender in this subsection 2.10, the following amounts, in each case in proportion to such Indemnifying Lender's Indemnity Amount: (i) with respect to the Japanese Loans, an amount equal to the excess of the interest received by Japanese Funding Lender pursuant to subsection 2.2C from Xxxx Japan in excess of the Base Rate or the Adjusted Eurodollar Rate, as the case may be, on such Japanese Loans; (ii) with respect to Letters of Credit, letter of credit fees received by Japanese Funding Lender pursuant to subsections 3.2(i)(b) and 3.2(ii)(b) from Administrative Agent; and (iii) commitment fees received by Japanese Funding Lender pursuant to subsection 2.3A from Administrative Agent; provided that if any such indemnity fee is less -------- than $10,000, Japanese Funding Lender shall not be required to so promptly pay such indemnity fee to the Indemnifying Lender until the aggregate unpaid amount of indemnity fees accumulates to an amount exceeding $10,000. The excess, if any, of the interest payable to Japanese Funding Lender on the Japanese Loans over the interest distributable to Indemnifying Lender under this subsection 2.10B in respect thereof, and the excess, if any, of the letter of credit and commitment fees payable to Japanese Funding Lender over and in addition to the letter of credit and commitment fees distributable to Indemnifying Lender under this subsection 2.10B, shall be retained by Japanese Funding Lender.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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PAYMENT OF INDEMNITY FEES. Japanese Funding Lender Administrative Agent shall promptly pay by wire transfer of immediately available funds to each applicable Indemnifying Lender, as an indemnity fee for the Indemnity Participation provided to Japanese Funding Lender Administrative Agent by such Indemnifying Lender in this subsection 2.102.9, the following amounts, in each case in proportion to such Indemnifying Lender's Indemnity Amount: (i) with respect to the UK Revolving Loans, French Revolving Loans or Japanese Revolving Loans, as the case may be, an amount equal to (x) the excess of the interest received by Japanese Funding Lender Administrative Agent pursuant to subsection 2.2C from Xxxx Japan in excess of the Base Rate UK, from Xxxx France or the Adjusted Eurodollar RateXxxx Japan, as the case may be, over the Adjusted Offshore Rate on such UK Revolving Loans, French Revolving Loans or Japanese LoansRevolving Loans less (y) 0.125% per annum to be retained by Administrative Agent as an Indemnity Participation fee; (ii) with respect to Letters of Credit, (x) letter of credit fees received by Japanese Funding Lender Administrative Agent pursuant to subsections 3.2(i)(b) and 3.2(ii)(b) from the applicable Issuing Lender less (y) 0.125% per annum to be retained by Administrative AgentAgent as an Indemnity Participation fee; and (iii) commitment fees received by Japanese Funding Lender Administrative Agent pursuant to subsection 2.3A from Administrative Agent; provided that if any such indemnity fee is less -------- than $10,000, Japanese Funding Lender Administrative Agent shall not be required to so promptly pay such indemnity fee to the an Indemnifying Lender until the aggregate unpaid amount of indemnity fees accumulates to an amount exceeding $10,000. The excess, if any, of the interest payable to Japanese Funding Lender Administrative Agent on the UK Revolving Loans, the French Revolving Loans or Japanese Loans Revolving Loans, as the case may be, over the interest distributable to an Indemnifying Lender under this subsection 2.10B 2.9B in respect thereof, and the excess, if any, of the letter of credit and commitment fees payable to Japanese Funding Lender Administrative Agent over and in addition to the letter of credit and commitment fees distributable to such Indemnifying Lender under this subsection 2.10B2.9B, shall be retained by Japanese Funding LenderAdministrative Agent.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Holdings Inc)

PAYMENT OF INDEMNITY FEES. Japanese Funding Lender Agent shall promptly pay by wire transfer of immediately available funds to each applicable Indemnifying Lender, as an indemnity fee for the Indemnity Participation provided to Japanese Funding Lender Agent by such Indemnifying Lender in this subsection 2.102.9, the following amounts, in each case in proportion to such Indemnifying Lender's Indemnity Amount: (i) with respect to the UK Bridge Loans, French Bridge Loans or Japanese Bridge Loans, as the case may be, an amount equal to (x) the excess of the interest received by Japanese Funding Lender Agent pursuant to subsection 2.2C from Xxxx Japan in excess of the Base Rate UK, from Xxxx France or the Adjusted Eurodollar RateXxxx Japan, as the case may be, over the Adjusted Offshore Rate on such UK Bridge Loans, French Bridge Loans or Japanese LoansBridge Loans less (y) 0.125% per annum to be retained by Agent as an Indemnity Participation fee; (ii) with respect to Letters of Credit, (x) letter of credit fees received by Japanese Funding Lender Agent pursuant to subsections 3.2(i)(b) and 3.2(ii)(b) from Administrative Agentthe applicable Issuing Lender LESS (y) 0.125% per annum to be retained by Agent as an Indemnity Participation fee; and (iii) commitment fees received by Japanese Funding Lender Agent pursuant to subsection 2.3A from Administrative Agent; provided PROVIDED that if any such indemnity fee is less -------- than $10,000, Japanese Funding Lender Agent shall not be required to so promptly pay such indemnity fee to the an Indemnifying Lender until the aggregate unpaid amount of indemnity fees accumulates to an amount exceeding $10,000. The excess, if any, of the interest payable to Japanese Funding Lender Agent on the UK Bridge Loans, the French Bridge Loans or Japanese Loans Bridge Loans, as the case may be, over the interest distributable to an Indemnifying Lender under this subsection 2.10B 2.9B in respect thereof, and the excess, if any, of the letter of credit and commitment fees payable to Japanese Funding Lender Agent over and in addition to the letter of credit and commitment fees distributable to such Indemnifying Lender under this subsection 2.10B2.9B, shall be retained by Japanese Funding LenderAgent.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Graphic Systems Inc)

PAYMENT OF INDEMNITY FEES. Japanese The Funding Lender shall promptly pay by wire transfer of immediately available funds to each applicable Indemnifying Lender, as an indemnity fee for the Indemnity Participation provided to Japanese such Funding Lender by such Indemnifying Lender in this subsection 2.10, the following amounts, in each case in proportion to such Indemnifying Lender's Indemnity Amount: (i) with respect to the Japanese Loans or UK Loans, as the case may be, an amount equal to the excess of the interest received by Japanese such Funding Lender pursuant to subsection 2.2C from Xxxx Japan in excess of or Xxxx UK, as the case may be, over the Base Rate or the Adjusted Eurodollar Rate, as the case may be, on such Japanese Loans or UK Loans; (ii) with respect to Letters of Credit, letter of credit fees received by Japanese such Funding Lender pursuant to subsections 3.2(i)(b) and 3.2(ii)(b) from Administrative the applicable Agent; and (iii) commitment fees received by Japanese such Funding Lender pursuant to subsection 2.3A from Administrative Agent; provided PROVIDED that if any such indemnity fee is less -------- than $10,000, Japanese such Funding Lender shall not be required to so promptly pay such indemnity fee to the an Indemnifying Lender until the aggregate unpaid amount of indemnity fees accumulates to an amount exceeding $10,000. The excess, if any, of the interest payable to Japanese a Funding Lender on the Japanese Loans or UK Loans, as the case may be, over the interest distributable to an Indemnifying Lender under this subsection 2.10B in respect thereof, and the excess, if any, of the letter of credit and commitment fees payable to Japanese such Funding Lender over and in addition to the letter of credit and commitment fees distributable to such Indemnifying Lender under this subsection 2.10B, shall be retained by Japanese such Funding Lender.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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PAYMENT OF INDEMNITY FEES. Japanese Funding Lender Administrative Agent shall promptly pay by wire transfer of immediately available funds to each applicable Indemnifying Lender, as an indemnity fee for the Indemnity Participation provided to Japanese Funding Lender Administrative Agent by such Indemnifying Lender in this subsection 2.102.9, the following amounts, in each case in proportion to such Indemnifying Lender's Indemnity Amount: (i) with respect to the UK Revolving Loans, French Revolving Loans or Japanese Revolving Loans, as the case may be, an amount equal to (x) the excess of the interest received by Japanese Funding Lender Administrative Agent pursuant to subsection 2.2C from Xxxx Japan in excess of the Base Rate UK, from Xxxx France or the Adjusted Eurodollar RateXxxx Japan, as the case may be, over the Adjusted Offshore Rate on such UK Revolving Loans, French Revolving Loans or Japanese LoansRevolving Loans LESS (y) 0.125% per annum to be retained by Administrative Agent as an Indemnity Participation fee; (ii) with respect to Letters of Credit, (x) letter of credit fees received by Japanese Funding Lender Administrative Agent pursuant to subsections 3.2(i)(b) and 3.2(ii)(b) from the applicable Issuing Lender LESS (y) 0.125% per annum to be retained by Administrative AgentAgent as an Indemnity Participation fee; and (iii) commitment fees received by Japanese Funding Lender Administrative Agent pursuant to subsection 2.3A from Administrative Agent; provided PROVIDED that if any such indemnity fee is less -------- than $10,000, Japanese Funding Lender Administrative Agent shall not be required to so promptly pay such indemnity fee to the an Indemnifying Lender until the aggregate unpaid amount of indemnity fees accumulates to an amount exceeding $10,000. The excess, if any, of the interest payable to Japanese Funding Lender Administrative Agent on the UK Revolving Loans, the French Revolving Loans or Japanese Loans Revolving Loans, as the case may be, over the interest distributable to an Indemnifying Lender under this subsection 2.10B 2.9B in respect thereof, and the excess, if any, of the letter of credit and commitment fees payable to Japanese Funding Lender Administrative Agent over and in addition to the letter of credit and commitment fees distributable to such Indemnifying Lender under this subsection 2.10B2.9B, shall be retained by Japanese Funding LenderAdministrative Agent.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Graphic Systems Inc)

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