Common use of Regulation D Compensation Clause in Contracts

Regulation D Compensation. Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Loans, additional interest on the related Euro-Currency Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, and (y) shall notify the Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency Loans of the amount then due it under this Section.

Appears in 5 contracts

Samples: Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc)

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Regulation D Compensation. (a) Each Lender may require the each Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Loans, additional interest on the related Euro-Currency Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, notice and (y) shall notify the such Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency Loans of the amount then due it under this Section.

Appears in 4 contracts

Samples: Agreement (Estee Lauder Companies Inc), Credit Agreement (Estee Lauder Companies Inc), Credit Agreement (Estee Lauder Companies Inc)

Regulation D Compensation. Each Lender Bank may require the any Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency LoansDollar Loans to such Borrower, additional interest on the related Euro-Currency Dollar Loan to such Borrower of such Lender Bank at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus MINUS the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans to such Borrower of such Lender Bank shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, and (y) shall notify the such Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans to such Borrower of the amount then due it under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

Regulation D Compensation. Each Lender may require the Borrower Whirlpool to pay, contemporaneously with each payment of interest on the Euro-Currency its Eurodollar Rate Loans, additional interest on the related Euro-Currency Eurodollar Rate Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Eurodollar Base Rate then in effect for such Loan divided by (B) one minus the Euro-Currency Reserve Percentage Requirement applicable to such Lender over (ii) the applicable London Interbank Offered such Eurodollar Base Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower Whirlpool and the Administrative Agent, in which case such additional interest on the Euro-Currency Eurodollar Rate Loans of such Lender to Whirlpool shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, notice and (y) shall notify the Borrower Whirlpool at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency its Eurodollar Rate Loans of the amount then due it such Lender under this Section.

Appears in 2 contracts

Samples: Credit Agreement (Whirlpool Corp /De/), Term Loan Agreement (Whirlpool Corp /De/)

Regulation D Compensation. Each Lender Bank may require the each Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency LoansEurocurrency Loans made to such Borrower, additional interest on the related Euro-Currency relevant Eurocurrency Loan of such Lender Bank to such Borrower at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Eurocurrency Rate divided by (B) one minus the Euro-Currency Eurocurrency Reserve Percentage over (ii) the applicable London Interbank Offered Eurocurrency Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Eurocurrency Loans of such Lender Bank to such Borrower shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Eurocurrency Business Days after the giving of such notice, notice and (y) shall notify the such Borrower at least five Euro-Currency Eurocurrency Business Days prior to each date on which interest is payable on the Euro-Currency Eurocurrency Loans made to such Borrower, of the amount then due it to such Bank under this SectionSection 2.15. Each Bank confirms that, as of the date hereof, the Eurocurrency Reserve Percentage is zero.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Eaton Corp PLC), Credit Agreement (Eaton Corp PLC)

Regulation D Compensation. Each Lender Bank may require the any Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency LoansDollar Loans to such Borrower, additional interest on the related Euro-Currency Dollar Loan to such Borrower of such Lender Bank at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans to such Borrower of such Lender Bank shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, and (y) shall notify the such Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans to such Borrower of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Gillette Co)

Regulation D Compensation. (a) Each Lender Bank may require the any Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency LoansDollar Loans to such Borrower, additional interest on the related Euro-Currency Dollar Loan to such Borrower of such Lender Bank at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (Ai)(A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans to such Borrower of such Lender Bank shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, and (y) shall notify the such Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans to such Borrower of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Gillette Co)

Regulation D Compensation. Each Lender may require the Borrower Company to pay, contemporaneously with each payment of interest on the Euro-Currency Euro- Dollar Loans, additional interest on the related Euro-Currency Dollar Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage applicable to such Lender over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower Company and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, Lender gives such notice and (y) shall notify the Borrower Company at least five Euro-Currency Dollar Business Days prior to before each date on which interest is payable on the Euro-Currency Dollar Loans of the amount then due it to such Lender under this Section.

Appears in 1 contract

Samples: Credit Agreement (Polaroid Corp)

Regulation D Compensation. Each Lender Bank may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Dollar Loans, additional interest on the related Euro-Currency Dollar Loan of such Lender Bank at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (a) (i) (A) the applicable London Interbank Offered Rate RateLIBOR then in effect for such Loan divided by (Bii) one minus the Euro-Currency Dollar Reserve Percentage over (iib) the applicable such London Interbank Offered RateRateLIBOR. Any Lender Bank wishing to require payment of such additional interest (xa) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans Dollar Loan of such Lender Bank shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency (3) Business Days after the giving of such notice, notice and (yb) shall notify the Borrower at least five Euro-Currency (5) Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans of the amount then due it under this Section. The Borrower’s obligations under this Section 2.15 are limited as set forth in Section 8.6.

Appears in 1 contract

Samples: Credit Agreement (Alliance Data Systems Corp)

Regulation D Compensation. Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Loans, additional interest on the related Euro-Currency Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Eurodollar Rate divided by (B) one minus the Euro-Currency Reserve Percentage over (ii) the applicable London Interbank Offered Eurodollar Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, and (y) shall notify the Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency Loans of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Johnson Controls International PLC)

Regulation D Compensation. Each Lender In accordance with the Loan Note Deed Poll and the Loan Notes, a Bank may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Dollar Loans, additional interest on the related each Euro-Currency Dollar Loan of such Lender Bank at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Facility Agent, in which case such additional interest on the Euro-Currency Dollar Loans of such Lender Bank shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, notice and (y) shall notify the Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans of the amount then due it under this Sectionsubsection.

Appears in 1 contract

Samples: Subscription Agreement (American Express Credit Corp)

Regulation D Compensation. Each Lender Bank may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency LoansDollar Loans made to the Borrower, additional interest on the related relevant Euro-Currency Dollar Loan of such Lender Bank to the Borrower at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans of such Lender Bank to the Borrower shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, notice and (y) shall notify the Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans made to the Borrower, of the amount then due it to such Bank under this SectionSection 2.15. Each Bank confirms that, as of the date hereof, the Euro-Dollar Reserve Percentage is zero.

Appears in 1 contract

Samples: Bridge Credit Agreement (Eaton Corp)

Regulation D Compensation. (a) Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Loans, additional interest on the related Euro-Currency Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, notice and (y) shall notify the Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency Loans of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Estee Lauder Companies Inc)

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Regulation D Compensation. (a) Each Lender may require the each Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Dollar Loans, additional interest on the related Euro-Currency Dollar Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, notice and (y) shall notify the such Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Estee Lauder Companies Inc)

Regulation D Compensation. (a) Each Lender Bank may require the any Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency LoansDollar Loans to such Borrower, additional interest on the related Euro-Currency Dollar Loan to such Borrower of such Lender Bank at a rate per annum determined by such Lender Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender Bank wishing to require payment of such additional interest (x) shall so notify the such Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans to such Borrower of such Lender Bank shall be payable to such Lender Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, and (y) shall notify the such Borrower at least five Euro-Currency Dollar Business Days prior to each date on which interest is payable on the Euro-Currency Dollar Loans to such Borrower of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Gillette Co)

Regulation D Compensation. Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency its Eurocurrency Rate Loans, additional interest on the related Euro-Currency Eurocurrency Rate Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Eurocurrency Base Rate then in effect for such Loan divided by (B) one minus the Euro-Currency Reserve Percentage Requirement applicable to such Lender over (ii) the applicable London Interbank Offered such Eurocurrency Base Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Eurocurrency Rate Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, notice and (y) shall notify the Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency its Eurocurrency Rate Loans of the amount then due it such Lender under this Section.

Appears in 1 contract

Samples: Term Loan Agreement (Whirlpool Corp /De/)

Regulation D Compensation. Each Lender may require the ------------------------- Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Euro- Dollar Loans, additional interest on the related Euro-Currency Dollar Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus ----- the Euro-Currency Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Dollar Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Dollar Business Days after the giving of such notice, Lender gives such notice and (y) shall notify the Borrower at least five Euro-Currency Dollar Business Days prior to before each date on which interest is payable on the Euro-Currency Dollar Loans of the amount then due it under this Section.

Appears in 1 contract

Samples: Agreement (FMC Corp)

Regulation D Compensation. Each Lender may require the each Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency its Eurocurrency Rate Loans, additional interest on the related Euro-Currency Eurocurrency Rate Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Eurocurrency Base Rate then in effect for such Loan divided by (B) one minus the Euro-Currency Reserve Percentage Requirement applicable to such Lender over (ii) the applicable London Interbank Offered such Eurocurrency Base Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the applicable Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Eurocurrency Rate Loans of such Lender to such Borrower shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, notice and (y) shall notify the such Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency its Eurocurrency Rate Loans of the amount then due it such Lender under this Section.

Appears in 1 contract

Samples: Long Term Credit Agreement (Whirlpool Corp /De/)

Regulation D Compensation. Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Loans, additional interest on the related Euro-Currency Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower Company and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, Lender gives such notice and (y) shall notify the Borrower at least five Euro-Currency Business Days prior to before each date on which interest is payable on the Euro-Currency Loans of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Universal Health Services Inc)

Regulation D Compensation. Each Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Currency Loans, additional interest on the related Euro-Currency Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Currency Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such additional interest (x) shall so notify the Borrower, the Principal Borrower and the Administrative Agent, in which case such additional interest on the Euro-Currency Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Currency Business Days after the giving of such notice, and (y) shall notify the Borrower at least five Euro-Currency Business Days prior to each date on which interest is payable on the Euro-Currency Loans of the amount then due it under this Section.

Appears in 1 contract

Samples: Credit Agreement (Johnson Controls Inc)

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