Common use of Fees Accrued Clause in Contracts

Fees Accrued. for the account of the Revolving Lenders under subsections (a) and (b) of this Section shall be payable quarterly in arrears on each Quarterly Payment Date and on the day on which the Revolving Commitments terminate in their entirety (and, if later, on the day on which the Credit Exposures are reduced to zero).

Appears in 1 contract

Sources: Credit Agreement (Sybron Chemicals Inc)

Fees Accrued. for the account of the Revolving Lenders under subsections (a) and (b) of this Section shall be payable quarterly in arrears on each Quarterly Payment Date and on the day on which the Revolving Commitments terminate in their entirety (and, if laterwith respect to the Commitments of any Class, on the day on which the Credit Exposures are reduced to zero)such Commitments terminate in their entirety.

Appears in 1 contract

Sources: Credit Agreement (TRW Inc)