Common use of Interim Interest Clause in Contracts

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.

Appears in 10 contracts

Samples: Collateral Agreement (SMART Global Holdings, Inc.), Credit Agreement (SMART Global Holdings, Inc.), Intercreditor Agreement (Endeavor Group Holdings, Inc.)

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Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans or Canadian Prime Rate Revolving Loans, as applicable, and such interest shall be payable on the date when such reimbursement is due; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 8 contracts

Samples: Credit Agreement (Bed Bath & Beyond Inc), Credit Agreement and Waiver (Bed Bath & Beyond Inc), Credit Agreement and Waiver (Bed Bath & Beyond Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Sectionby the Required Reimbursement Date, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 6 contracts

Samples: Collateral Agreement (Blue Buffalo Pet Products, Inc.), Credit Agreement (Blue Buffalo Pet Products, Inc.), Credit Agreement (Ww International, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fg) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fg) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Endeavor Group Holdings, Inc.), Credit Agreement (Endeavor Group Holdings, Inc.), Revolving Credit Agreement (Endeavor Group Holdings, Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, Syndicated ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 4 contracts

Samples: Year Credit Agreement (Best Buy Co Inc), Year Credit Agreement (Best Buy Co Inc), Year Credit Agreement (Best Buy Co Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is maderequired to be reimbursed pursuant to Section 2.05(e), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fa)(vi) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fa)(vi) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Borrower reimburse the applicable LC Disbursement in full.

Appears in 4 contracts

Samples: The Credit Agreement (GoHealth, Inc.), Credit Agreement (GoHealth, Inc.), Credit Agreement (GoHealth, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 4 contracts

Samples: Credit Agreement (European Wax Center, Inc.), Credit Agreement (European Wax Center, Inc.), Credit Agreement (European Wax Center, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum (i) then applicable to ABR Revolving Loans in the case of LC Disbursements made in dollars; (ii) then applicable to Canadian Prime Rate Revolving Loans in the case of LC Disbursements made in Canadian Dollars; and (iii) equal to the Overnight LIBO Rate plus the Overnight LIBO Spread as set forth in the definition of “Applicable Rate” in the case of LC Disbursements made in an LC Disbursement denominated in dollars, ABR Revolving LoansAlternative Currency; provided that, if the applicable Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 4 contracts

Samples: And Restated Credit Agreement (Wesco International Inc), Intercreditor Agreement (Wesco International Inc), Pledge and Security Agreement (Wesco International Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof (or the US Dollar Equivalent thereof in the case of an LC disbursement denominated in an Alternative Currency) shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, Agent for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse applicable Borrower reimburses the applicable LC Disbursement in full.

Appears in 4 contracts

Samples: Credit Agreement (Agilent Technologies Inc), Credit Agreement (Agilent Technologies Inc), Credit Agreement (Agilent Technologies, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full in Dollars on the date such LC Disbursement is made, the unpaid Dollar Equivalent amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full in Dollars, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 3 contracts

Samples: Credit Agreement (Bentley Systems Inc), Credit Agreement (Bentley Systems Inc), Credit Agreement (Bentley Systems Inc)

Interim Interest. (i) If an any Issuing Bank shall make makes any Dollar LC Disbursement, then, unless the Borrowers shall reimburse Lead Borrower reimburses such Dollar LC Disbursement in full on the date such Dollar LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Dollar LC Disbursement is made to but excluding the date that the Borrowers reimburse Lead Borrower reimburses such Dollar LC Disbursement, at the rate per annum then applicable that would apply to in the case of an LC Disbursement denominated in dollars, such amount if such amount were a Revolving ABR Revolving Loans; Loan; provided that, that if the Borrowers fail Lead Borrower fails to reimburse such Dollar LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.05, then Section 2.13(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Dollar Revolving Lender pursuant to paragraph (fe) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Dollar Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Lead Borrower is required to reimburse the applicable Dollar LC Disbursement in fullfull (and, thereafter, on demand).

Appears in 3 contracts

Samples: Credit Agreement (SB/RH Holdings, LLC), Credit Agreement (SB/RH Holdings, LLC), Credit Agreement (SB/RH Holdings, LLC)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse or refinance such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the a rate per annum (computed in accordance with Section 2.13(e)) equal to the rate then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and (it being agreed that the rate at which such interest shall be payable on demand ordeemed to accrue for the account of the Revolving Lenders shall correspond to the rate at which, if no demand has been madepursuant to the next preceding sentence, interest accrues on the date on which the Borrowers reimburse portion of the applicable unreimbursed LC Disbursement in fullequal to the product of (x) the amount of such LC Disbursement and (y) the sum of the Applicable Aggregate Revolving Percentages of all the Revolving Lenders).

Appears in 3 contracts

Samples: Credit Agreement (Healthsouth Corp), Assignment and Assumption (Healthsouth Corp), Assignment and Assumption (Healthsouth Corp)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC DisbursementDisbursement at (i) in the case of any LC Disbursement denominated in US Dollars, at the rate per annum then applicable to ABR Revolving Loans denominated in US Dollars and made to the Company, (ii) in the case of any LC Disbursement denominated in Canadian Dollars, the Canadian Prime Rate and (iii) in the case of an LC Disbursement denominated in dollarsany other currency, ABR a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR or EURIBOR Revolving Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(h) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse applicable Borrower reimburses the applicable LC Disbursement in full.

Appears in 3 contracts

Samples: Credit Agreement (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp)

Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Alternative Currency Revolving Loans denominated in the case of an LC Disbursement denominated in dollarsapplicable Alternative Currency which are ABR Loans or Dollar Revolving Loans which are ABR Loans, ABR Revolving Loansas applicable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 3.5, then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph Section shall be paid to the Administrative Agent, for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender Applicable Participant pursuant to paragraph (f) of this Section 3.5 to reimburse such the Issuing Bank Lender shall be for the account of such Lender Applicable Participant to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 3 contracts

Samples: Credit Agreement (Davita Healthcare Partners Inc.), Credit Agreement (Davita Inc.), Credit Agreement (Davita Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is due; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 3 contracts

Samples: Credit Agreement (Aceto Corp), Credit Agreement (Aceto Corp), Credit Agreement (Aceto Corp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Alternate Base Rate plus the ABR Spread set forth in the case definition of an LC Disbursement denominated in dollars“Applicable Rate”; provided, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fd) of this Section, then such unpaid amounts shall bear interest, for each day from and including the date of such LC Disbursement to but excluding the date that the Borrower reimburses such LC Disbursement at the rate set forth in Section 2.13(c) shall apply2.04(a). Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fd) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 3 contracts

Samples: Letter of Credit Agreement, Drawing Certificate (NuStar Energy L.P.), Letter of Credit Agreement (NuStar Energy L.P.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 3 contracts

Samples: Agreement (Netscout Systems Inc), Credit Agreement (Fairchild Semiconductor International Inc), Credit Agreement (Netscout Systems Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, that (i) if the Borrowers fail Borrower makes such reimbursement on the date such LC Disbursement is made, interest shall accrue for such day if such reimbursement is made after 2:00 p.m., New York City time, on such day and (ii) if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 3 contracts

Samples: Year Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is maderequired to be reimbursed pursuant to Section 2.05(e), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fa)(vi) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fa)(vi) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Borrower reimburse the applicable LC Disbursement in full.. (j)

Appears in 3 contracts

Samples: Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.), Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.), Credit Agreement and Incremental Facility Agreement (GoHealth, Inc.)

Interim Interest. If an any Liquidity Issuing Bank shall make any Liquidity LC Disbursement, then, unless the Borrowers Borrower shall reimburse such Liquidity LC Disbursement in full on the date such Liquidity LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Liquidity LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such Liquidity LC Disbursement, at the rate per annum then applicable to in Alternate Base Rate plus the case of an LC Disbursement denominated in dollars, ABR Revolving LoansApplicable Margin; provided that, if the Borrowers fail Borrower fails to reimburse or finance such Liquidity LC Disbursement when due pursuant to paragraph clause (fe) of this Section, then Section 2.13(c) interest shall applybe paid on such past due amounts at the Default Rate. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Liquidity Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Liquidity Lender pursuant to paragraph clause (fe) of this Section to reimburse such Liquidity Issuing Bank shall be for the account of such Liquidity Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Puget Energy Inc /Wa), Credit Agreement (Puget Energy Inc /Wa)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse applicable Borrower reimburses the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Hess Corp), Five Year Credit Agreement (Hess Corp)

Interim Interest. If an any Issuing Bank shall make makes any LC Disbursement, then, unless the Borrowers shall reimburse Borrower reimburses such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to in the case Initial Revolving Loans that are ABR Loans of an LC Disbursement denominated in dollars, ABR Revolving Loansthe applicable Class; provided that, that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05(e), then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Borrower is required to reimburse the applicable LC Disbursement in fullfull (and, thereafter, on demand).

Appears in 2 contracts

Samples: Credit Agreement (First Watch Restaurant Group, Inc.), Credit Agreement (First Watch Restaurant Group, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC DisbursementDisbursement at (i) in the case of any LC Disbursement denominated in US Dollars, at the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC Disbursement denominated in dollarsany Alternative Currency, ABR a rate per annum reasonably determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR or EURIBOR Revolving Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Brown Forman Corp), Five Year Credit Agreement (Brown Forman Corp)

Interim Interest. If an the Issuing Bank for any Letter ---------------- of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower for whose account such Letter of Credit was issued shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC -------- Disbursement when due pursuant to paragraph subsection (f) of this Section, then Section 2.13(c) such overdue amounts shall applybear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of 1% plus the rate otherwise ---- applicable for such day. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender Bank pursuant to paragraph Subsection (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender Bank to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Anheuser-Busch Companies, Inc.), Credit Agreement (Anheuser Busch Companies Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (f) of this SectionSection 2.4, then Section 2.13(c) the rate per annum then applicable to Eurodollar Rate Loans shall apply. Interest accrued pursuant to this paragraph clause (i) shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph clause (f) of this Section 2.4 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Credit Agreement (Cinedigm Corp.), Guaranty Agreement (Cinedigm Corp.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an ABR Revolving Loans (or if such LC Disbursement is denominated in dollarsa Foreign Currency, ABR Revolving the rate determined by the Administrative Agent in accordance with banking industry rules and conventions on interbank compensation for such Foreign Currency plus the then effective Applicable Rate with respect to Eurocurrency Loans) and such interest shall be due and payable on the date when such reimbursement is due; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Orthofix Medical Inc.), Credit Agreement (Orthofix International N V)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Credit Loans; provided that, that (i) if the Borrowers fail Borrower makes such reimbursement on the date such LC Disbursement is made, interest shall accrue for such day if such reimbursement is made after 2:00 p.m., New York City time, on such day and (ii) if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Credit Agreement (Marathon Petroleum Corp), Credit Agreement (MPLX Lp)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC DisbursementDisbursement in full, at (i) in the case of any LC Disbursement denominated in dollars, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC Disbursement denominated in dollarsany Permitted Foreign Currency, ABR a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans or EURIBOR Revolving Loans; provided that, if the Borrowers fail to reimburse such LC Disbursement in full when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Second Amendment and Restatement Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, that (i) if the Borrowers fail Borrower makes such reimbursement on the date such LC Disbursement is made, interest shall accrue for such day if such reimbursement is made after 2:00 p.m., New York City time, on such day and (ii) if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MPLX Lp), Revolving Credit Agreement (Marathon Petroleum Corp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an ABR Revolving Loans (or, if such LC Disbursement is denominated in dollarsa Foreign Currency, ABR at (x) the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Loans or, if applicable, the Overnight Foreign Currency Rate for such Australian Dollars plus the then effective Applicable Rate with respect to Australian Dollar Revolving Loans); provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Progress Software Corp /Ma), Credit Agreement (Progress Software Corp /Ma)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC DisbursementDisbursement at (i) in the case of any LC Disbursement denominated in US Dollars, at the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC Disbursement denominated in dollarsany Alternative Currency, ABR a rate per annum reasonably determined by the applicable Issuing Bank (which determination will be presumed correct absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR or EURIBOR Revolving Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Brown Forman Corp), Credit Agreement (Brown Forman Corp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans (or in the case of an such LC Disbursement is denominated in dollarsa Foreign Currency, ABR at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Loans); provided that, if the Borrowers fail Issuing Bank provides timely notice to the Borrower of such reimbursement obligation as specified by paragraph (e) of this Section and the Borrower fails to reimburse such LC Disbursement when due pursuant to such paragraph (f) of this Sectione), then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Lexmark International Inc /Ky/), Credit Agreement (Lexmark International Inc /Ky/)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to to, in the case of an LC Disbursement denominated in dollarsLetters of Credit, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Credit Agreement (PetroLogistics LP), Credit Agreement (PetroLogistics LP)

Interim Interest. (i) If an a USD Tranche Issuing Bank shall make any USD Tranche LC Disbursement, then, unless the Borrowers Borrower shall reimburse such USD Tranche LC Disbursement in full on the date such USD Tranche LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such USD Tranche LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such USD Tranche LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR USD Tranche Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such USD Tranche LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable USD Tranche Issuing Bank, except that interest accrued on and after the date of payment by any USD Tranche Revolving Lender pursuant to paragraph (f) of this Section 2.05 to reimburse such USD Tranche Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable USD Tranche LC Disbursement in full.

Appears in 2 contracts

Samples: Credit Agreement (E2open Parent Holdings, Inc.), Credit Agreement (E2open Parent Holdings, Inc.)

Interim Interest. If an any Energy Hedging Issuing Bank shall make any Energy Hedging LC Disbursement, then, unless the Borrowers Borrower shall reimburse such Energy Hedging LC Disbursement in full on the date such Energy Hedging LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Energy Hedging LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such Energy Hedging LC Disbursement, at the rate per annum then applicable to in Alternate Base Rate plus the case of an LC Disbursement denominated in dollars, ABR Revolving LoansApplicable Margin; provided that, if the Borrowers fail Borrower fails to reimburse or finance such Energy Hedging LC Disbursement when due pursuant to paragraph clause (fe) of this Section, then Section 2.13(c) interest shall applybe paid on such past due amounts at the Default Rate. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Energy Hedging Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Energy Hedging Lender pursuant to paragraph clause (fe) of this Section to reimburse such Energy Hedging Issuing Bank shall be for the account of such Energy Hedging Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

Samples: Credit Agreement (Puget Energy Inc /Wa), Credit Agreement (Puget Energy Inc /Wa)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in ABR Loans and such interest shall be due and payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall applyapply pursuant to the terms thereof or to the extent elected by the Administrative Agent or the Required Lenders, as the case may be. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 2 contracts

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

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interestinterest in Dollars, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement as provided in paragraph (f) of this Section, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, Syndicated ABR Revolving Credit Loans; provided that, that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Teleflex Inc)

Interim Interest. (i) If an a USD Tranche Issuing Bank shall make any USD Tranche LC Disbursement, then, unless the Borrowers Borrower shall reimburse such USD Tranche LC Disbursement in full on the date such USD Tranche LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such USD Tranche LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such USD Tranche LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR USD Tranche Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such USD Tranche LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable USD Tranche Issuing Bank, except that interest accrued on and after the date of payment by any USD Tranche Revolving Lender pursuant to paragraph (f) of this Section 2.05 to reimburse such USD Tranche Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable USD Tranche LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (E2open Parent Holdings, Inc.)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Benefitfocus, Inc.)

Interim Interest. If an theany Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in ABR Loans and such interest shall be due and payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is due and payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.payment. (i)

Appears in 1 contract

Samples: Credit Agreement (Clear Secure, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC L/C Disbursement, then, unless the Borrowers applicable Borrower or Subsidiary shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse such LC Borrower or Subsidiary reimburses such L/C Disbursement, at the rate per annum then applicable to (i) ABR Revolving Loans, in the case of an LC Disbursement denominated in dollarsLetters of Credit issued for the account of the Parent Borrower or any Domestic Subsidiary, ABR or (ii) Canadian Base Rate Revolving Loans; , in the case of Letters of Credit issued for the account of the Canadian Subsidiary Borrower or any Foreign Subsidiary, provided that, if the Borrowers fail applicable Borrower or Subsidiary fails to reimburse such LC L/C Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Indalex Holding Corp.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the 78 1223206.01A-CHISR02A1223231.10A-CHISR02A - MSW date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) 2.7 shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (New Fortress Energy Inc.)

Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, and if the Borrowers cannot satisfy the conditions to borrowing set forth herein such that payment of the Reimbursement Obligation resulting from such LC Disbursement cannot be made through the automatic funding of a Base Rate Borrowing, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided PROVIDED that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Sectionsubsection 2.4(d), then Section 2.13(c) interest calculated at the Post-Default Rate shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving the Lender pursuant to paragraph (fsubsection 2.4(d) of this Section to reimburse such Issuing Bank shall be for the account of such the Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit and Security Agreement (Alternative Resources Corp)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and payment. Letters of Credit that have not been drawn upon shall not bear interest but shall instead be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement subject to fees in fullaccordance with Section 2.12.

Appears in 1 contract

Samples: Credit Agreement (AtriCure, Inc.)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans made by a 2014 Revolving Lender; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment (and each Revolving Lender shall be payable entitled to the same rate of interest on demand or, if no demand has been made, on the date on which the Borrowers reimburse its participation as the applicable Issuing Bank is entitled to in respect of such LC Disbursement in fullDisbursement, regardless of whether such Revolving Lender is a 2012 Revolving Lender or a 2014 Revolving Lender).

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail a Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse applicable Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Symmetry Holdings Inc)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (O Reilly Automotive Inc)

Interim Interest. (i) If an any Issuing Bank shall make makes any Dollar LC Disbursement, then, unless the Borrowers shall reimburse Lead Borrower reimburses such Dollar LC Disbursement in full on the date such Dollar LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Dollar LC Disbursement is made to but excluding the date that the Borrowers reimburse Lead Borrower reimburses such Dollar LC Disbursement, at the rate per annum then applicable that would apply to in the case of an LC Disbursement denominated in dollars, such amount if such amount were a Revolving ABR Revolving LoansLoan; provided that, that if the Borrowers fail Lead Borrower fails to reimburse such Dollar LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.05, then Section 2.13(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Dollar Revolving Lender pursuant to paragraph (fe) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Dollar Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Lead Borrower is required to reimburse the applicable Dollar LC Disbursement in fullfull (and, thereafter, on demand).

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands Holdings, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is maderequired to be reimbursed pursuant to Section 2.05(e), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fa) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fa) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Borrower reimburse the applicable LC Disbursement in full.. (j)

Appears in 1 contract

Samples: Credit Agreement (GoHealth, Inc.)

Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full by 12:00 noon, New York City time on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollarsABR Loans, ABR Revolving Loans; provided that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.19, then Section 2.13(c2.10(b) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.19 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Revolving Credit Agreement (Teva Pharmaceutical Industries LTD)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Company reimburses such LC Disbursement, at the rate per annum then applicable to in Tranche 1 ABR Loans and such interest shall be due and payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is payable; provided that, if the Borrowers fail Company fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05(f), then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Tranche 1 Lender pursuant to paragraph (fSection 2.05(f) of this Section to reimburse such Issuing Bank shall be paid to the Administrative Agent for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Company reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Aqua America Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an ABR Revolving Loans (or, if such LC Disbursement is denominated in dollarsa Foreign Currency, ABR at (x) the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Loans or, (y) if applicable, the Overnight Foreign Currency Rate for such Australian Dollars plus the then effective Applicable Rate with respect to Australian Dollar Revolving Loans); provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Progress Software Corp /Ma)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC DisbursementDisbursement at (i) in the case of any LC Disbursement denominated in US Dollars, at the rate per annum then applicable to ABR Loans denominated in US Dollars and made to the Company and (ii) in the case of an any LC Disbursement denominated in dollarsany other currency, ABR Revolving a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.11(f) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse applicable Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Year Credit Agreement (DOVER Corp)

Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementLC/Acceptance Disbursement in respect of any Letter of Credit or Acceptance, and if the Borrowers cannot satisfy the conditions to borrowing set forth herein such that payment of the Reimbursement Obligation resulting from such LC/Acceptance Disbursement cannot be made through the automatic funding of a Base Rate Borrowing, then, unless the Borrowers shall reimburse such LC LC/Acceptance Disbursement in full on the date such LC LC/Acceptance Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC LC/Acceptance Disbursement is made to but excluding the date that the Borrowers reimburse such LC LC/Acceptance Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, if the Borrowers fail to reimburse such LC LC/Acceptance Disbursement when due pursuant to paragraph (f) of this Sectionsubsection 2.4(d), then Section 2.13(c) interest calculated at the Post-Default Rate shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving the Lender pursuant to paragraph (fsubsection 2.4(d) of this Section to reimburse such Issuing Bank shall be for the account of such the Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit and Security Agreement (Ufp Technologies Inc)

Interim Interest. If an the Issuing Bank shall make any LC ---------------- Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof (or unpaid Equivalent Amount thereof in the case of any LC Disbursement made in any Alternate Currency) shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement -------- when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Intercreditor Agreement (Global Industrial Technologies Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to to, in the case of an LC Disbursement denominated in dollarsLetters of Credit, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (PetroLogistics LP)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full full, by 12:00 noon, New York City time, on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at (i) in the case of a US Tranche Letter of Credit, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC Disbursement denominated in dollarsa Spanish Tranche Letter of Credit, ABR Revolving a rate per annum reasonably determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to be its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Loans; provided that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Five Year Credit Agreement (Laureate Education, Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to equal to, (i) in the case of an any RCF LC Disbursement denominated Disbursement, the rate per annum then applicable to Revolving Credit ABR Loans, and (ii) in dollarsthe case of any AUD LC Disbursement, ABR Revolving Loansthe AUD Rate plus the applicable Maximum AUD LC Fee Rate then in effect; provided that, if the Borrowers fail Borrowers, in the case of any RCF LC Disbursement, or GEO, in the case of any AUD LC Disbursement, fails to reimburse such applicable LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) shall be paid to the Administrative Agent, for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fSection 2.05(f) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.payment. (i)

Appears in 1 contract

Samples: Execution Copy Credit Agreement (Universal Corp /Va/)

Interim Interest. If an any Energy Hedging Issuing Bank shall make any Energy Hedging LC Disbursement, then, unless the Borrowers Borrower shall reimburse such Energy Hedging LC Disbursement in full on the date such Energy Hedging LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Energy Hedging LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such Energy Hedging LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such Energy Hedging LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Energy Hedging Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Energy Hedging Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Energy Hedging Issuing Bank shall be for the account of such Energy Hedging Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Puget Energy Inc /Wa)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans (or in the case of an such LC Disbursement is denominated in dollarsany Designated Currency, ABR a rate per annum determined by such Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Margin at such time used to determine interest applicable to Eurodollar Revolving Loans) and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.05, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Murphy Oil Corp /De)

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Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (f) of this SectionSection 2.4, then Section 2.13(c) the rate per annum then applicable to Eurodollar Rate Loans shall apply. Interest accrued pursuant to this paragraph clause (i) shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph clause (f) of this Section 2.4 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Management Services Agreement (Cinedigm Corp.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full in Dollars on the date such LC Disbursement is made, the unpaid Dollar Equivalent amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full in Dollars, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Bentley Systems Inc)

Interim Interest. If an the relevant Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse relevant Borrower reimburses such LC Disbursement, (i) in the case of any Letter of Credit for the account of any U.S. Borrower denominated in Dollars, at the rate per annum then applicable to ABR Revolving Loans and (ii) otherwise, at the rate per annum which would have been payable if the overdue amount had, during the period of nonpayment, constituted a Loan in the case relevant Currency of the overdue amount with an LC Disbursement denominated in dollars, ABR Revolving LoansInterest Period reasonably selected by the Administrative Agent; provided that, if the Borrowers fail relevant Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable relevant Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the relevant Issuing Bank Lender shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (NYSE Euronext)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Shutterfly Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be payable on the date when such reimbursement is due; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Ethan Allen Interiors Inc)

Interim Interest. If an any Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse (including through a Borrowing of Syndicated ABR Loans) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, Syndicated ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable relevant Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to in ABRBase Rate Revolving Loans and such interest shall be due and payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.06(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Maxlinear, Inc)

Interim Interest. If an Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided provided, that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(cd) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Trinet Group, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC ----------------- Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement -------- when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing BankBank and shall be payable in the currency in which the LC Disbursement was made, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement only in fullDollars.

Appears in 1 contract

Samples: Credit Agreement (Armkel LLC)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.10(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be paid to the Administrative Agent for the account of such Revolving Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse applicable Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Factset Research Systems Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, Syndicated ABR Revolving Loans that are Class B Multicurrency Revolving Loans; , provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement Amended and Restated Credit Agreement within two Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment (and each Multicurrency Revolving Lender shall be payable entitled to the same rate of interest on demand orits participation as the Issuing Bank is entitled to in respect of such LC Disbursement, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullregardless of whether such Lender is a Class A Multicurrency Revolving Lender or a Class B Multicurrency Revolving Lender).

Appears in 1 contract

Samples: Credit Agreement (BlackRock Kelso Capital CORP)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, 127 the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 10.06, then Section 2.13(c10.05(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 10.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Hemisphere Media Group, Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank Lender for such LC Disbursement shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.. (j)

Appears in 1 contract

Samples: Credit Agreement (Dillard's, Inc.)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Myriad Genetics Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (or, if such date is not a Business Day, on or prior to the next Business Day), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.11(c) shall apply; and provided, further, that, in the case of an LC Disbursement made under an Alternative Currency Letter of Credit, the amount of interest due with respect thereto shall accrue on the Dollar Equivalent, calculated using the Exchange Rate at the time such LC Disbursement was made, of such LC Disbursement. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Polo Ralph Lauren Corp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at (i) in the case of any LC Disbursement denominated in US Dollars, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an any LC Disbursement denominated in dollarsSterling, ABR a rate per annum determined by the Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to Eurocurrency Revolving Loans; provided that, if at all times after the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving US Tranche Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such US Tranche Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Coors Adolph Co)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (SJW Group)

Interim Interest. If an Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided provided, that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Trinet Group, Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, Syndicated ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.06, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Best Buy Co Inc)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.06(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Maxlinear Inc)

Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving LoansLoans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Symetra Financial CORP)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, interest (i) for each day from and including the date such LC Disbursement is made to but excluding the date notice of such LC Disbursement is given by the Issuing Bank to the Borrower (or, if such notice is given after 10:30 a.m., New York City time, the first Business Day after the date upon which such notice is given), at a rate per annum equal to the Federal Funds Effective Rate plus the then Applicable Margin for Eurodollar Revolving Borrowings and (ii) for each day from and including the date notice of such LC Disbursement is given by the Issuing Bank to the Borrower (or, if such notice is given after 10:30 a.m., New York City time, the first Business Day after the date upon which such notice is given) to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Abercrombie & Fitch Co /De/)

Interim Interest. If an the Issuing Bank shall make any LC L/C Disbursement, then, unless the Borrowers applicable Borrower or Subsidiary shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse such LC Borrower or Subsidiary reimburses such L/C Disbursement, at the rate per annum then applicable to (i) ABR Revolving Loans, in the case of an LC Disbursement denominated in dollarsLetters of Credit issued for the account of the Parent Borrower or any Domestic Subsidiary, ABR or (ii) Canadian Base Rate Revolving Loans; , in the case of Letters of Credit issued for the account of the Canadian Subsidiary Borrower or any Foreign Subsidiary, provided that, if the Borrowers fail applicable Borrower or Subsidiary fails to reimburse such LC L/C Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Indalex Holdings Finance Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Sectionby the Required Reimbursement Date, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Revolving Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

Interim Interest. If an Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in ABR Loans and such interest shall be payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is due; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank Lender shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower for whom the Letter of Credit was issued shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower either reimburses such LC DisbursementDisbursement or finances its reimbursement obligation with a Borrowing pursuant to Paragraph (e) of this Section, at the rate per annum then applicable to ABR Revolving Loans or, if higher, in the case of an LC Disbursement any amount denominated in dollarsa Foreign Currency, ABR Revolving Loansthe cost to the Issuing Bank or the Lenders, as applicable, as determined by the Administrative Agent, of maintaining such outstanding amount in the applicable Currency; provided that, if the Borrowers fail such Borrower fails to reimburse or finance such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Gleason Corp /De/)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at (i) in the case of any LC Disbursement denominated in dollars, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC Disbursement denominated in dollarsany Permitted Foreign Currency, ABR a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to EurocurrencyTerm Benchmark Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Resideo Technologies, Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Applicable Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Applicable Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in Base Rate Loans and such interest shall be payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is due; provided that, if the Applicable Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Applicable Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full by 12:00 noon, New York City time on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollarsABR Loans for such Tranche, ABR Revolving Loans; provided that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.19, then Section 2.13(c2.10(b) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.19 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Teva Pharmaceutical Industries LTD)

Interim Interest. If an any Issuing Bank shall make makes any LC Disbursement, then, then unless the Borrowers shall reimburse Borrower reimburses such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, Initial2024 Revolving Loans that are ABR Revolving Loans; provided that, that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fd) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fd) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers Borrower is required to reimburse the applicable LC Disbursement in fullfull (and, thereafter, on demand).

Appears in 1 contract

Samples: Credit Agreement (First Watch Restaurant Group, Inc.)

Interim Interest. If an the Issuing Bank shall make any Standby LC Disbursement, then, unless the Borrowers Borrower shall reimburse such Standby LC Disbursement in full on the date such Standby LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Standby LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such Standby LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Eurodollar Revolving Loans; provided PROVIDED that, if the Borrowers fail Borrower fails to reimburse such Standby LC Disbursement when due pursuant to paragraph (fb)(iv) of this Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Standby LC Lender pursuant to paragraph (fb)(iv) of this Section to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Wright Medical Group Inc)

Interim Interest. If an Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided provided, that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Trinet Group, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (or, if such date is not a Business Day, on or prior to the next Business Day), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans; provided PROVIDED that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.11(c) shall apply; and PROVIDED, FURTHER, that, in the case of an LC Disbursement made under an Alternative Currency Letter of Credit, the amount of interest due with respect thereto shall accrue on the Dollar Equivalent, calculated using the Exchange Rate at the time such LC Disbursement was made, of such LC Disbursement. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Polo Ralph Lauren Corp)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in the case of an LC Disbursement denominated in dollars, ABR Revolving Base Rate Loans; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.. (j)

Appears in 1 contract

Samples: Credit Agreement (Dillard's, Inc.)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to in ABR Loans and such interest shall be due and payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is payable; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph clause (fe) of this Section, then Section 2.13(c2.14(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph clause (fe) of this Section to reimburse such the Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (Archrock, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Company reimburses such LC Disbursement, at the rate per annum then applicable to in Revolving Credit ABR Loans and such interest shall be due and payable on the case of an LC Disbursement denominated in dollars, ABR Revolving Loansdate when such reimbursement is payable; provided that, if the Borrowers fail Company fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05(f), then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (fSection 2.05(f) of this Section to reimburse such Issuing Bank shall be paid to the Administrative Agent for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Company reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Essential Utilities, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, at (i) in the case of any LC Disbursement denominated in dollars, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of an LC Disbursement denominated in dollarsany Permitted Foreign Currency, ABR a rate per annum determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Revolving Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (fe) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Resideo Technologies, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementDisbursement in full, (i) in case of an LC Disbursement denominated in US Dollars, at the rate per annum then applicable to ABR Revolving Loans, and (ii) in the case of an LC Disbursement denominated in dollarsany other currency, ABR Revolving at the rate per annum determined by such Issuing Bank (which determination will be conclusive absent demonstrable error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to LIBOR Loans; provided that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (Cephalon Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse U.S. Borrower reimburses such LC Disbursement, at (i) in the case of a U.S. Revolving LC Disbursement, the rate per annum then applicable to ABR U.S. $ Revolving Loans and (ii) in the case of an a Tranche B LC Disbursement denominated in dollarsDisbursement, ABR Revolving Loansa rate per annum equal to the Alternate Base Rate plus 1.25%; provided that, if the Borrowers fail U.S. Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any U.S. $ Revolving Lender or from the Tranche B Credit-Linked Deposit of any Tranche B Lender pursuant to paragraph (fe) of this Section to reimburse such the Issuing Bank shall be for the account of such U.S. $ Revolving Lender or such Tranche B Lender, as applicable, to the extent of such payment and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in fullpayment.

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc /De)

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