Common use of Reserves on LIBOR Loans Clause in Contracts

Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days from receipt of such notice.

Appears in 18 contracts

Samples: Credit Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.)

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Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Agent shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 10 days from receipt of such notice.

Appears in 6 contracts

Samples: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Borrowers shall have received at least ten (10) 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 15 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 15 days from receipt of such notice.

Appears in 5 contracts

Samples: Term Loan Agreement (Potlatchdeltic Corp), Credit Agreement (Potlatchdeltic Corp), Term Loan Agreement (Potlatchdeltic Corp)

Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency LIBOR funds or deposits (currently known as “Eurocurrency LIBOR liabilities”), additional interest costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, Loan provided that the Borrower shall have received at least ten fifteen (1015) days’ prior written notice (with a copy to the Administrative Applicable Agent) of such additional interest from such the Lender. If a Lender fails to give notice ten fifteen (1015) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten fifteen (1015) days from receipt of such notice.

Appears in 4 contracts

Samples: Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Borrowers shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 10 days from receipt of such notice.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, Loan provided that the Borrower Borrowers shall have received at least ten fifteen (1015) days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such the Lender. If a Lender fails to give notice ten fifteen (1015) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten fifteen (1015) days from receipt of such notice.

Appears in 4 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Term Loan Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, Loan provided that the Borrower shall have received at least ten fifteen (1015) days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such the Lender. If a Lender fails to give notice ten fifteen (1015) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten fifteen (1015) days from receipt of such notice.

Appears in 3 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Borrowers shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 10 days from receipt of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Nutri System Inc /De/), Credit Agreement (Nutri System Inc /De/)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required under regulations of the FRB to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest costs on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such the Lender (as determined by such the Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Representative shall have received at least ten (10) 15 days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such the Lender. If a Lender fails to give notice ten (10) 15 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 15 days from receipt of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Royal Hawaiian Orchards, L.P.), Credit Agreement (Crimson Wine Group, LTD)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Agent shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days from receipt of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Landec Corp \Ca\), Credit Agreement (Synalloy Corp)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Borrowers shall have received at least ten (10) 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 15 days prior to the relevant Interest 106033153\V-9 Payment Date, such additional interest shall be due and payable ten (10) 15 days from receipt of such notice.

Appears in 1 contract

Samples: Credit Agreement (Potlatch Corp)

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Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency LIBOR funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 10 days from receipt of such notice.

Appears in 1 contract

Samples: Credit Agreement (Virtual Radiologic CORP)

Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as "Eurocurrency liabilities"), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such LIBOR Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such LIBOR Loan, provided that the Borrower shall have received at least ten (10) 10 days' prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 10 days from receipt of such notice.

Appears in 1 contract

Samples: Credit Agreement (Odyssey Re Holdings Corp)

Reserves on LIBOR Loans. . The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Borrowers shall have received at least ten (10) 15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) 15 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) 15 days from receipt of such notice.

Appears in 1 contract

Samples: Credit Agreement (Potlatchdeltic Corp)

Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Term Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Term Loan, provided that the Borrower shall have received at least ten (10) 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice ten (10) 10 days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable ten (10) days 10 Business Days from receipt of such notice.

Appears in 1 contract

Samples: Term Loan Agreement (CIM Commercial Trust Corp)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each Lender, as long as such Lender shall be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest costs on the unpaid principal amount of each LIBOR Term Loan equal to the actual costs of such reserves allocated to such Term Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusiveconclusive absent manifest error), which shall be due and payable on each date on which interest is payable on such Loan, Term Loan provided that the Borrower Representative shall have received at least ten fifteen (1015) days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such the Lender. If a Lender fails to give notice ten fifteen (1015) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten fifteen (1015) days from receipt of such notice.

Appears in 1 contract

Samples: Term Loan Agreement (Talbots Inc)

Reserves on LIBOR Loans. The Borrower Borrowers shall pay to each the Lender, as long as such the Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilitiesLiabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such the Lender (as determined by such the Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower Agent shall have received at least ten (10) daysBusiness Days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such the Lender. If a the Lender fails to give notice ten (10) days Business Days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days Business Days from receipt of such notice.

Appears in 1 contract

Samples: Credit and Security Agreement (FreightCar America, Inc.)

Reserves on LIBOR Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided that the Borrower shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days from receipt of such notice.ten

Appears in 1 contract

Samples: Credit Agreement (STAG Industrial, Inc.)

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