Common use of Payment of Interest by Borrower Clause in Contracts

Payment of Interest by Borrower. Borrower agrees to pay to each Issuing Lender, with respect to payments under any Letters of Credit issued by it, interest on the amount paid by such Issuing Lender in respect of each such payment from the date a drawing is honored to but excluding the date such amount is reimbursed by Borrower (including any such reimbursement out of the proceeds of Revolving Loans, LC Facility Loans or Synthetic Letter of Credit Loans pursuant to subsection 3.3B) at a rate equal to (a) with respect to Revolving Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Revolving LC Reimbursement Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans, (b) with respect to LC Facility Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the LC Facility Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans, and (c) with respect to Synthetic Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Synthetic Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full.

Payment of Interest by Borrower. Borrower agrees to pay to each Issuing Lender, with respect to payments under any Letters of Credit issued by it, interest on the amount paid by such Issuing Lender in respect of each such payment from the date a drawing is honored to but excluding the date such amount is reimbursed by Borrower (including any such reimbursement out of the proceeds of Revolving Loans, LC Facility Loans or Synthetic Letter of Credit Loans pursuant to subsection 3.3B) at a rate equal to (a) with respect to Revolving Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Revolving LC Reimbursement Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans, Loans and (b) with respect to LC Facility Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the LC Facility Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans, and (c) with respect to Synthetic Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Synthetic Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full.

Payment of Interest by Borrower. Borrower agrees to pay to each Issuing Lender, with respect to payments under any Letters of Credit issued by it, interest on the amount paid by such Issuing Lender in respect of each such payment from the date a drawing is honored to but excluding the date such amount is reimbursed by Borrower (including any such reimbursement out of the proceeds of Revolving Loans, LC Facility Loans or Synthetic Letter of Credit Loans pursuant to subsection 3.3B) at a rate equal to (a) with respect to Revolving Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Revolving LC Reimbursement Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans, (b) with respect to LC Facility Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the LC Facility Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans, and (c) with respect to Synthetic Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Synthetic Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full.

Payment of Interest by Borrower. Borrower agrees to pay to each Issuing Lender, with respect to payments drawings honored under any Letters of Credit issued by it, and with respect to IRB Reimbursement Advances, interest on the amount paid by such Issuing Lender in respect of each such payment honored drawing or IRB Reimbursement Advance from the date a such drawing is honored or IRB Reimbursement Advance is made to but excluding the date such amount is reimbursed by Borrower (including any such reimbursement out of the proceeds of Revolving Loans, LC Facility Loans or Synthetic Letter of Credit Loans pursuant to subsection 3.3B) at a rate equal to (a) with respect to Revolving Letters of Credit, (1) for the period from the date such drawing is honored or IRB Reimbursement Advance is made to but excluding the Revolving LC Reimbursement Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (2b) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans, (b) with respect to LC Facility Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the LC Facility Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans, and (c) with respect to Synthetic Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Synthetic Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360365-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit or IRB Reimbursement Advance is reimbursed in full.

Payment of Interest by Borrower. Borrower agrees to pay to each Issuing Lender, with respect to payments drawings honored under any Letters of Credit issued by it, and with respect to IRB Reimbursement Advances, interest on the amount paid by such Issuing Lender in respect of each such payment honored drawing or IRB Reimbursement Advance from the date a such drawing is honored or IRB Reimbursement Advance is made to but excluding the date such amount is reimbursed by Borrower (including any such reimbursement out of the proceeds of Revolving Loans, LC Facility Loans or Synthetic Letter of Credit Loans pursuant to subsection 3.3B) at a rate equal to (a) with respect to Revolving Letters of Credit, (1) for the period from the date such drawing is honored or IRB Reimbursement Advance is made to but excluding the Revolving LC Reimbursement Reimburse ment Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (2b) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans, (b) with respect to LC Facility Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the LC Facility Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans, and (c) with respect to Synthetic Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Synthetic Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360365-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit or IRB Reimbursement Advance is reimbursed in full.

Payment of Interest by Borrower. Borrower agrees to pay to each Issuing Lender, with respect to payments under any Letters of Credit issued by it, interest on the amount paid by such Issuing Lender in respect of each such payment from the date a drawing is honored to but excluding the date such amount is reimbursed by Borrower (including any such reimbursement out of the proceeds of Revolving Loans, LC Facility Loans or Synthetic Letter of Credit Loans pursuant to subsection 3.3B) at a rate equal to (a) with respect to Revolving Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Revolving LC Reimbursement Date, the rate then in effect under this Agreement with respect to Revolving Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans, and (b) with respect to LC Facility Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the LC Facility Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans, and (c) with respect to Synthetic Letters of Credit, (1) for the period from the date such drawing is honored to but excluding the Synthetic Letter of Credit Reimbursement Date, the rate then in effect under this Agreement with respect to Term B Loans that are Base Rate Loans and (2) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Term B Loans that are Base Rate Loans. Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 360-day year for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full.