Common use of Interim Interest Clause in Contracts

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 8 contracts

Sources: Credit Agreement (Zillow Group, Inc.), Credit Agreement (ATI Physical Therapy, Inc.), Credit Agreement (ATI Physical Therapy, Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans or, if such LC Disbursement is not denominated in Dollars, at a rate per annum then applicable to Initial Revolving Loans denominated in such currency (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 7 contracts

Sources: Credit Agreement (CCC Intelligent Solutions Holdings Inc.), Credit Agreement (CCC Intelligent Solutions Holdings Inc.), Credit Agreement (CCC Intelligent Solutions Holdings Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, then unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ed) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (ed) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 7 contracts

Sources: Credit Agreement (Cava Group, Inc.), Credit Agreement (Cava Group, Inc.), Credit Agreement (Cava Group, Inc.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses shall reimburse such LC Disbursement in full on the later of (i) the date when such LC Disbursement is mademade and (ii) the date upon which such Borrower receives notice of such LC Disbursement pursuant to paragraph (g) above (such later date, the “Interest Commencement Date”), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made Interest Commencement Date to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which reimbursement of such LC Disbursement is reimbursed with the proceeds due pursuant to paragraph (e) of Loans, as applicable)this Section, at the rate per annum then applicable provided in Section 2.12 with respect to Initial Revolving Loans that are (x) in the case of LC Disbursements denominated in US Dollars, ABR Loans and (ory) in the case of LC Disbursements denominated in Canadian Dollars, to Canadian Prime Rate Loans, and, if not so reimbursed on the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when date due pursuant to paragraph (e) of this Section, then from and including such date so due to but excluding the date that such Borrower reimburses such LC Disbursement, at the rate provided in Section 2.13(d2.12(g) shall applywith respect to such Loans. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 7 contracts

Sources: Amendment No. 2 to the Revolving Credit Agreement (Victoria's Secret & Co.), Amendment to Revolving Credit Agreement (Bath & Body Works, Inc.), Amended and Restated Revolving Credit Agreement (Bath & Body Works, Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial 2024 Refinancing Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 6 contracts

Sources: Second Amended and Restated First Lien Credit Agreement (Shift4 Payments, Inc.), Second Amended and Restated First Lien Credit Agreement (Shift4 Payments, Inc.), Second Amended and Restated First Lien Credit Agreement (Shift4 Payments, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency, 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 Term Benchmark Revolving Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 6 contracts

Sources: Credit Agreement (Resideo Technologies, Inc.), Credit Agreement (Resideo Technologies, Inc.), Credit Agreement (Resideo Technologies, Inc.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the a Borrower reimburses 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 a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (orLoans, to in the extent case of the participation in such an LC Disbursement by any Revolving Lender in respect of another Classa US Letter of Credit denominated in dollars, and at the rate per annum then applicable to Overnight LIBO Loans, in the Revolving Loans case of such other Class)an LC Disbursement in respect of a Letter of Credit denominated in Euros or Sterling or a European Letter of Credit denominated in dollars; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 5 contracts

Sources: Credit Agreement (Office Depot Inc), Credit Agreement (Office Depot Inc), Credit Agreement (Office Depot Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds in respect of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent a Letter of the participation Credit denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to ABR Loans, (ii) in the Revolving case of any LC Disbursement in respect of a Letter of Credit denominated in Canadian Dollars, the rate per annum then applicable to Canadian Base Rate Loans, (iii) in the case of any LC Disbursement in respect of a Letter of Credit denominated in Sterling, the Bank of England Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans and (iv) in the case of such other Class)any LC Disbursement in respect of a Letter of Credit denominated in Euro, the European Central Bank Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans; provided that if that, at all times after the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 5 contracts

Sources: Credit Agreement (Molson Coors Brewing Co), Credit Agreement (Molson Coors Brewing Co), Credit Agreement (Molson Coors Brewing Co)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loansa Loan, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 2.05 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 5 contracts

Sources: Credit Agreement (Victory Capital Holdings, Inc.), Credit Agreement (Victory Capital Holdings, Inc.), Credit Agreement (Cowen Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in a Designated Foreign Currency pursuant to paragraph (e) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in a Designated Foreign Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) of another Classthis Section, the at a rate per annum then reasonably determined by the applicable Issuing Bank to represent the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurodollar Revolving Loans of at such other Class)time; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 5 contracts

Sources: Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses or the Applicant Party 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 Borrower or the Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement or the Applicant Party when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply; provided, further, that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans and (C) Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 5 contracts

Sources: Amendment Agreement (Alpha Natural Resources, Inc.), Credit Agreement (Alpha Natural Resources, Inc.), Credit Agreement (Massey Energy Co)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is due; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 5 contracts

Sources: Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the a Borrower reimburses 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 a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (orLoans, to in the extent case of the participation in such an LC Disbursement by any Revolving Lender of another Classthe US Issuing Bank, at the rate per annum then applicable to Canadian Prime Loans, in the Revolving Loans case of such other Class)an LC Disbursement by the Canadian Issuing Bank and at the rate per annum then applicable to Eurodollar Loans, in the case of an LC Disbursement by the UK Issuing Bank; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(g) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 5 contracts

Sources: Credit Agreement (Cott Corp /Cn/), Credit Agreement (Cott Corp /Cn/), Credit Agreement (Cott Corp /Cn/)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Base Rate Loans; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) 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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 5 contracts

Sources: Credit Agreement (FTAI Aviation Ltd.), Credit Agreement (Fortress Transportation & Infrastructure Investors LLC), Credit Agreement (New Fortress Energy Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans Loans; provided that are ABR Loans (or, to i) if the extent of Borrower makes such reimbursement on the participation in date such LC Disbursement by any Revolving Lender of another Classis made, the rate per annum then applicable to the Revolving Loans of interest shall accrue for such other Class); provided that 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 (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 5 contracts

Sources: Amendment No. 1 and Agreement (Omega Acquisition, Inc.), Revolving Credit Agreement, Revolving Credit Agreement (MPLX Lp)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the later of (i) the date when such LC Disbursement is mademade and (ii) the date upon which the Borrower receives notice of such LC Disbursement pursuant to paragraph (g) above (such later date, the “Interest Commencement Date”), the unpaid amount thereof shall bear interest, for each day from and including the Interest Commencement Date to but excluding the date that reimbursement of such LC Disbursement Distribution is made due pursuant to paragraph (e) of this Section at the rate provided in Section 2.12(a) and, if not so reimbursed on the date due pursuant to such paragraph (e), then from and including such date so due to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation provided in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassSection 2.12(d); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 4 contracts

Sources: Amendment and Restatement Agreement (Limited Brands Inc), Revolving Credit Agreement (Limited Brands Inc), Revolving Credit Agreement (Limited Brands Inc)

Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the Revolver 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 Revolver Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any Revolving Lender of another Classrequired to be reimbursed is in an Alternative Currency, at the rate per annum Overnight Foreign Currency Rate for such Alternative Currency plus the then applicable effective Applicable Rate with respect to the ABR Revolving Loans of such other the applicable Class); provided that if the Revolver Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 2.05 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 the date on which the Revolver Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 4 contracts

Sources: Credit Agreement (Indivior PLC), Credit Agreement (Indivior PLC), Credit Agreement (Indivior PLC)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement Disbursement, (or the date on which i) if such LC Disbursement is reimbursed with made in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to Initial ABR US Tranche Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender of another Classis made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) above, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Rate applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 4 contracts

Sources: Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yrc Worldwide Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this SectionSection 2.04, then Section 2.13(d2.12(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 (e) of this Section 2.04 to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 4 contracts

Sources: Credit Agreement (Crown Castle Inc.), Credit Agreement (Crown Castle International Corp), Credit Agreement (Crown Castle International Corp)

Interim Interest. If the Issuing Lender for any Issuing Bank makes Letter of Credit shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (eg) of this Section, then Section 2.13(d2.12(d) shall apply; provided further that, in case of any LC Disbursement made under an Alternative Currency Letter of Credit, the amount of interest due with respect thereto shall be payable in U.S. Dollars and shall accrue on the Dollar Equivalent thereof calculated using the Exchange Rates on the date such LC Disbursement was made. Interest accrued pursuant to this paragraph shall be 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 (eg) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade and notice thereof is provided to the Borrower in accordance with paragraph (e) of this Section, 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable)due and payable, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Rate for such Agreed Currency plus the then effective Applicable Spread with respect to Term Benchmark Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Applicable Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Credit Agreement (Scotts Miracle-Gro Co), Credit Agreement (Scotts Miracle-Gro Co), Credit Agreement (Scotts Miracle-Gro Co)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans Loans; provided that are ABR Loans (or, to i) if the extent of Borrower makes such reimbursement on the participation in date such LC Disbursement by any Revolving Lender of another Classis made, the rate per annum then applicable to the Revolving Loans of interest shall accrue for such other Class); provided that 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 (e) of this Section, then Section 2.13(d2.12(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (Marathon Petroleum Corp)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement is has been 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans that are ABR Loans of such other Class); provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 2.05 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 the date on which the applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 3 contracts

Sources: Credit Agreement (Certara, Inc.), Credit Agreement (Certara, Inc.), Credit Agreement (Certara, Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless any Borrower (or the Top Borrower on behalf of any 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 any Borrower (or the Top Borrower on behalf of any Borrower) reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the relevant Borrower (or the Top Borrower on behalf of the relevant Borrower) fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the relevant Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 3 contracts

Sources: First Lien Credit Agreement (Cotiviti Holdings, Inc.), First Lien Credit Agreement (Cotiviti Holdings, Inc.), First Lien Credit Agreement (Cotiviti Holdings, Inc.)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of a LC Disbursement is reimbursed with the proceeds respect to a Dollar Letter of Loans, as applicable)Credit, at the rate per annum then applicable to Initial Revolving Base Rate Loans that are ABR Loans and (or, to ii) in the extent case of the participation in such a LC Disbursement by any Revolving Lender with respect to a Foreign Currency Letter of another ClassCredit, at the rate per annum then applicable to Foreign Currency Loans in the Revolving Loans applicable Foreign Currency with an Interest Period of one month (with the first such other ClassInterest Period beginning on the date such LC Disbursement was made); provided that that, in each case (i) and (ii), if the Borrower Company fails to reimburse such LC Disbursement when on the Business Day after such reimbursement is due pursuant to paragraph (e) and (f) of this Section, then Section 2.13(d2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (eg) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d2.12(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 (ef) of this Section to reimburse such Issuing Bank shall be 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 applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 3 contracts

Sources: Credit Agreement (Vishay Intertechnology Inc), Credit Agreement (Vishay Intertechnology Inc), Credit Agreement (Vishay Intertechnology Inc)

Interim Interest. If the Issuing Lender for any Issuing Bank makes Letter of Credit shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Base Rate Loans; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such Issuing Bank Lender for such LC Disbursement shall be 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 Borrower is required to Borrowers reimburse the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 3 contracts

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

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any Revolving Lender of another Classis denominated in a Foreign Currency, at the rate per annum Overnight Foreign Currency Rate for such Agreed Currency plus the then applicable effective Applicable Margin with respect to the Eurocurrency Revolving Loans of such other Classor USD Term SOFR Revolving Loans, as applicable); provided that that, if the Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.06, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankBanks, except that interest accrued on and after the date of payment by any Revolving Applicable Lender pursuant to paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank Banks shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Credit Agreement (Icon PLC), Credit Agreement (Icon PLC), Credit Agreement (Icon PLC)

Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses Borrowers 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 Borrower reimburses Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation applicable Class (or in the case such LC L/C Disbursement by any Revolving Lender required to be reimbursed in an Alternate Currency, (x) in the case of another Classamounts required to be reimbursed in Canadian Dollars, at the rate per annum of interest then applicable to Canadian Prime Rate Loans of the applicable Class or (y) in the case of all other Alternate Currencies, at the Overnight Foreign Currency Rate for such Alternate Currency plus the then effective Applicable Margin with respect to ABR Revolving Loans of such other the applicable Class); provided that provided, that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement Borrowers when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Incremental Assumption Agreement (Mallinckrodt PLC), Credit Agreement (Mallinckrodt PLC), Credit Agreement (Mallinckrodt PLC)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans denominated in US Dollars and made to the Company, (ii) in the case of such any LC Disbursement denominated in Canadian Dollars, the Canadian Prime Rate and (iii) in the case of an LC Disbursement denominated in any other Class)currency, 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 that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(h) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such Issuing Bank shall be 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 applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 3 contracts

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

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial Revolving Base Rate Loans that are ABR R-1 Loans (orin the case of R-1 Letters of Credit) or R-2 Loans (in the case of R-2 Letters of Credit), to as the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)case may be; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) 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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 3 contracts

Sources: Credit Agreement (New Fortress Energy Inc.), Credit Agreement (New Fortress Energy Inc.), Credit Agreement (New Fortress Energy Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the relevant 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 relevant Borrower reimburses such LC Disbursement (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 (x) in the case of any Letter of Credit denominated in Dollars, Initial Revolving Loans that are ABR Loans and (y) in the case of any Letter of Credit denominated in any Alternate Currency, Initial Revolving Loans that are Adjusted Eurocurrency Rate Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the relevant Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the relevant Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 3 contracts

Sources: Credit Agreement (Syneos Health, Inc.), Credit Agreement (Syneos Health, Inc.), Credit Agreement (INC Research Holdings, Inc.)

Interim Interest. If any the Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses Company 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 Borrower Company reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (oror in the case such L/C Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Margin with respect to the extent of the participation in such LC Disbursement by any Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement Company when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply; provided further that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans or Eurocurrency Revolving Loans, and (C) Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Credit Agreement (Chart Industries Inc), Credit Agreement (Chart Industries Inc), Credit Agreement (Chart Industries Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this SectionSection 2.05, then Section 2.13(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 (ef) of this Section 2.05 to reimburse such Issuing Bank shall be 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 such Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 3 contracts

Sources: Credit Agreement (Minerals Technologies Inc), Credit Agreement (Minerals Technologies Inc), Refinancing Facility Agreement (Minerals Technologies Inc)

Interim Interest. If the Additional Facility Issuer shall make any Issuing Bank makes any LC Additional Facility Disbursement, then, unless the Borrower reimburses shall reimburse such LC Additional Facility Disbursement in full on the date such LC Additional Facility Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Additional Facility Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Additional Facility Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation if such Additional Facility Disbursement is not denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the at a rate per annum then determined by the Additional Facility Issuer (which determination will be conclusive absent manifest error) to represent its cost of funds plus the Applicable Rate used to determine interest applicable to the Term Benchmark Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Additional Facility Disbursement when due pursuant to paragraph (e) of this SectionSection 4.4, then Section 2.13(d) in lieu of the interest described above, such overdue amount shall apply. Interest accrued bear interest, after as well as before judgment, at a rate per annum equal to 2.00% per annum plus the rate applicable to ABR Revolving Loans; provided further that no amounts shall accrue pursuant to this paragraph shall be for Section 4.7 so long as 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 (e) 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 the date on which the Borrower Additional Facility Issuer is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)a Defaulting Lender.

Appears in 3 contracts

Sources: Additional Letter of Credit Facility Agreement (Solstice Advanced Materials Inc.), Additional Letter of Credit Facility Agreement (Solstice Advanced Materials Inc.), Additional Letter of Credit Facility Agreement (Solstice Advanced Materials Inc.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 3 contracts

Sources: Credit Agreement (Capri Holdings LTD), Credit Agreement (Michael Kors Holdings LTD), Credit Agreement (Michael Kors Holdings LTD)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower (or any other account party) reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at (1) in the rate per annum then applicable to Initial case of a Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another ClassDisbursement, the rate per annum then applicable to the ABR Revolving Loans and (2) in the case of such other Class)a Tranche A LC Disbursement, the rate per annum then applicable to ABR Term Loans; provided that that, if the Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to paragraph (eb)(iii) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (eb)(iii)(A) of this Section or from the Tranche A Credit-Linked Deposit of any Tranche A Lender pursuant to paragraph (b)(iii)(B) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Allied Waste Industries Inc), Credit Agreement (Allied Waste Industries Inc)

Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the Applicable Borrower reimburses such LC Disbursement in full on the date such LC Disbursement is made, including in accordance with Section 2.05(e) above, 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Applicable Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 2 contracts

Sources: Credit Agreement (Forgent Power Solutions, Inc.), Credit Agreement (Forgent Power Solutions, Inc.)

Interim Interest. If the Issuing Lender for any Issuing Bank makes Letter of Credit shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement as provided in paragraph (or the date on which such LC Disbursement is reimbursed with the proceeds f) of Loans, as applicable)this Section, at the rate per annum then applicable to Initial Syndicated ABR Revolving Loans that are ABR Credit Loans (or, to or in the extent of the participation in case such LC Disbursement by any Revolving Lender of another Classis denominated in a Foreign Currency, at the rate per annum Overnight Foreign Currency Rate for such Agreed Currency plus the then applicable effective Applicable Rate with respect to the Revolving Loans of such other ClassEurocurrency Loans); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (ef) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Teleflex Inc), Credit Agreement (Teleflex Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, including by financing such payment obligation with an ABR Loan in accordance with paragraph (e) of this Section (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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due (including by financing such payment obligation with an ABR Loan) pursuant to paragraph (e) of this Section, then Section 2.13(d2.11(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 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Polo Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds in respect of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent a Letter of the participation Credit denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to ABR Loans, (ii) in the Revolving case of any LC Disbursement in respect of a Letter of Credit denominated in Canadian Dollars, the rate per annum then applicable to Canadian Base Rate Loans, (iii) in the case of any LC Disbursement in respect of a Letter of Credit denominated in Sterling, the Bank of England Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans and (iv) in the case of such other Class)any LC Disbursement in respect of a Letter of Credit denominated in Euro, the European Central Bank Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans; provided that if that, at all times after the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Molson Coors Brewing Co), Credit Agreement (Molson Coors Brewing Co)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement in full, (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable)denominated in Dollars, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans and (or, to ii) in the extent case of the participation in such any LC Disbursement by any Revolving Lender of another Classdenominated in Euro or Sterling, at the Euro Reference Rate or the Sterling Reference Rate, respectively, plus, in each case, the Applicable Rate for determining the interest rate per annum then applicable to the Revolving Loans of such other Class)on Eurocurrency Loans; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d2.12(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 (ef) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Blackstone Group L.P.), Credit Agreement (Blackstone Group L.P.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable)due and payable, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Acxiom Holdings, Inc.), Credit Agreement (Acxiom Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans denominated in US Dollars and made to the Company, (ii) in the case of such any LC Disbursement denominated in Canadian Dollars, the rate per annum then applicable to Canadian Prime Rate Revolving Loans and (iii) in the case of an LC Disbursement denominated in any other Class)currency, 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 that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Global Tranche Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Global Tranche Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

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

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the ABR Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.13(d2.12(d) shall apply. Interest accrued pursuant to this paragraph (h) shall be 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 (e) of this Section 2.05 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 2 contracts

Sources: Credit Agreement (Bamboo Insurance Services, Inc.), Credit Agreement (Bamboo Insurance Services, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d2.14(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 (ef) of this Section to reimburse such Issuing Bank shall be 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 applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Murphy USA Inc.), Credit Agreement (Murphy USA Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d2.12(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 (ef) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (CyrusOne Inc.), Credit Agreement (Cincinnati Bell Inc)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement (or the date on which that such LC Disbursement is reimbursed with the proceeds of Loansfinanced by a Revolving Borrowing or a Swingline Loan, as applicable)the case may be, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in if such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurodollar Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided provided, that if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Haemonetics Corp), Credit Agreement (Haemonetics Corp)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated any Designated Foreign Currency, the rate determined by the Issuing Bank to represent its cost of funds plus Applicable Rate at the time in effect for Eurocurrency Borrowings; provided that if that, at all times after the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such the Issuing Bank shall be 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 Borrower is required to reimburse Company reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Waters Corp /De/), Credit Agreement (Waters Corp /De/)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses Borrowers reimburse such LC Disbursement (or the date on which that such LC Disbursement is reimbursed with the proceeds of Loansfinanced by a Revolving Borrowing or a Swingline Loan, as applicable)the case may be, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in if such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurodollar Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided provided, that if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Altra Industrial Motion Corp.), Credit Agreement (Altra Holdings, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency, 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 that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds in respect of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent a Letter of the participation Credit denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to ABR Loans, (ii) in the Revolving case of any LC Disbursement in respect of a Letter of Credit denominated in Canadian Dollars, the rate per annum then applicable to Canadian Base Rate Loans, (iii) in the case of any LC Disbursement in respect of a Letter of Credit denominated in Sterling, the Bank of England Base Rate plus the Applicable Rate then applicable to S▇▇▇▇ Rate Loans and (iv) in the case of such other Class)any LC Disbursement in respect of a Letter of Credit denominated in Euro, the European Central Bank Base Rate plus the Applicable Rate then applicable to Eurocurrency Loans; provided that if that, at all times after the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Molson Coors Beverage Co), Credit Agreement (Molson Coors Beverage Co)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Parent Borrower reimburses or any applicable Foreign Subsidiary Borrower, as the case may be, 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 Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (i) in the case of interest for the account of the Issuing Bank, ABR Class A Revolving Loans that are and (ii) in the case of interest for the account of any Lender, ABR Loans (or, to the extent of the participation in made by such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Lender; provided that that, if the Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 2.05 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the U.S. Borrower reimburses 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 U.S. Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial (i) if such LC Disbursement is denominated in Dollars, ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation ii) in such LC Disbursement by any Revolving Lender of another Classis denominated in a Foreign Currency, the rate per annum then applicable reasonably determined by the Applicable Agent to be the Revolving Loans cost to it of funding such other Class)amount; provided that that, if the U.S. Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Miller Herman Inc), Credit Agreement (Miller Herman Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans denominated in US Dollars and made to the Company, (ii) in the case of such any LC Disbursement denominated in Canadian Dollars, the Canadian Prime Rate and (iii) in the case of an LC Disbursement denominated in any other Class)currency, 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 that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such Issuing Bank shall be 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 applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

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

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans ABR Loans; provided that are ABR Loans (or, to i) if the extent of Borrower makes such reimbursement on the participation in date such LC Disbursement by any Revolving Lender of another Classis made, the rate per annum then applicable to the Revolving Loans of interest shall accrue for such other Class); provided that 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 (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Credit 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Amendment Agreement (Marathon Petroleum Corp), Credit Agreement (Marathon Petroleum Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassUS Dollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Alternative Currency, 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 such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d2.13(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 (ef) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Verisign Inc/Ca), Credit Agreement (Verisign Inc/Ca)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans Credit Loans; provided that are ABR Loans (or, to i) if the extent of Borrower makes such reimbursement on the participation in date such LC Disbursement by any Revolving Lender of another Classis made, the rate per annum then applicable to the Revolving Loans of interest shall accrue for such other Class); provided that 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 (e) of this Section, then Section 2.13(d2.12(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

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

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses Borrowers reimburse such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency, 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 that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to Borrowers reimburse the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Allegion PLC), Credit Agreement (Allegion PLC)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided that that, if the 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 (e) of this Section), then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

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

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the relevant Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable)due and payable, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable LIBOR Interest Addition with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the a Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then from and after the date such reimbursement is due and payable, Section 2.13(d) shall applyapply to such reimbursement obligation. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Hubbell Inc)

Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the a 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 a Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at (x) in the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent case of the participation LC Disbursements in such LC Disbursement by any Revolving Lender of another ClassDollars, the rate per annum then applicable to the Revolving Loans that are ABR Loans of the same Class and (y) in the case of LC Disbursements in an Alternate Currency, a rate per annum equal to the benchmark rate established for such currency at the time of the amendment pursuant to ‎Section 1.11 plus the Applicable Rate for Adjusted Term SOFR Rate Loans for an Interest Period of 1 month commencing on the date of such other LC Disbursement (or, if no such benchmark is established, at the rate per annum then applicable to Revolving Loans that are ABR Loans of the same Class); provided that if the a Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e‎(e) of this Section, then Section ‎Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e‎(e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Parent 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 Borrower Parent reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower Parent fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (PTC Inc.), Credit Agreement (PTC Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the relevant Revolving 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 relevant Revolving Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the relevant Revolving Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then the provisions of Section 2.13(d2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 2.05 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 the date on which the relevant Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 2 contracts

Sources: Credit Agreement (Brookfield Property REIT Inc.), Credit Agreement (Brookfield Property REIT Inc.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement (or the date on which that such LC Disbursement is reimbursed with the proceeds of Loansfinanced by a Revolving Borrowing or a Swingline Loan, as applicable)the case may be, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in if such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Foreign Currency plus the then effective Applicable Rate with respect to Eurodollar Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided provided, that if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Haemonetics Corp), Credit Agreement (Haemonetics Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans Loans; provided that are ABR Loans (or, to i) if the extent of Borrower makes such reimbursement on the participation in date such LC Disbursement by any Revolving Lender of another Classis made, the rate per annum then applicable to the Revolving Loans of interest shall accrue for such other Class); provided that 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 (e) of this Section, then Section 2.13(d2.12(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

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

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassDollars, the rate per annum then applicable to the Class A ABR Revolving Loans or (ii) in the case of such other Class)an LC Disbursement denominated in an Alternative Currency, the LIBO Rate (in the case of an LC Disbursement denominated in Sterling) or EURIBO Rate (in the case of an LC Disbursement denominated in Euro) that would apply to a Eurodollar Loan with an interest period of one day plus the Applicable Rate with respect to Class A Eurodollar Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Class A Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Class A Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (American Axle & Manufacturing Holdings Inc), Credit Agreement (American Axle & Manufacturing Holdings Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in a Designated Foreign Currency pursuant to paragraph (e) of this Section, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender is made in a Designated Foreign Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) of another Classthis Section, the at a rate per annum then reasonably determined by the applicable Issuing Bank to represent the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurodollar Revolving Loans of at such other Class)time; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Northrop Grumman Corp /De/), Credit Agreement (Northrop Grumman Corp /De/)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 such Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section to reimburse such Issuing Bank shall be 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 applicable Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Five Year Credit Agreement (Kellogg Co), Credit Agreement (Kellogg Co)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)any LC Disbursement made in an Alternative Currency pursuant to paragraph (e) or (m) of this Section, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans and (orii) in the case of any LC Disbursement denominated in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) or (m) of this Section, at a rate equal to the extent rate reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of the participation in funding such LC Disbursement by (with the Borrower agreeing that the applicable Issuing Bank may make such determination in any Revolving Lender of another Classmanner it determines is reasonable, and that such determination shall be conclusive) plus the rate per annum then Applicable Rate applicable to the Revolving SOFR Loans of at such other Class)time; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Leidos Holdings, Inc.), Credit Agreement (Leidos Holdings, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Swiss Borrower reimburses 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 Swiss Borrower reimburses such LC Disbursement in full, at (or i) in the date on which such case of any LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another Classdollars, the rate per annum then applicable to the ABR Revolving Loans and (ii) in the case of such other Class)an LC Disbursement denominated in any Permitted Foreign Currency, 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 that, if the Swiss Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Swiss Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Garrett Motion Inc.), Credit Agreement (Garrett Motion Inc.)

Interim Interest. If any the Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses Company 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 Borrower Company reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (oror in the case such L/C Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Margin with respect to the extent of the participation in such LC Disbursement by any Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement Company when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply; provided further that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR Revolving Loans or Eurocurrency Revolving Loans, and (C) Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Chart Industries Inc), Credit Agreement (Chart Industries Inc)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided provided, that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph clause (h) shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 2 contracts

Sources: Credit Agreement (Cano Health, Inc.), Credit Agreement (Jaws Acquisition Corp.)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation denominated in such LC Disbursement by any Revolving Lender of another ClassDollars, the rate per annum then applicable to the Class D ABR Revolving Loans or (ii) in the case of such other Class)an LC Disbursement denominated in an Alternative Currency, the LIBO Rate (in the case of an LC Disbursement denominated in Sterling) or EURIBO Rate (in the case of an LC Disbursement denominated in Euro) that would apply to a Eurodollar Loan with an interest period of one day plus the Applicable Rate with respect to Class D Eurodollar Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Class D Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Class D Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Revolving Credit Agreement (American Axle & Manufacturing Holdings Inc), Revolving Credit Agreement (American Axle & Manufacturing Holdings Inc)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of a LC Disbursement is reimbursed with the proceeds respect to a Dollar Letter of Loans, as applicable)Credit, at the rate per annum then applicable to Initial Revolving Base Rate Loans that are ABR Loans and (or, to ii) in the extent case of the participation in such a LC Disbursement by any Revolving Lender with respect to a Foreign Currency Letter of another ClassCredit, at the rate per annum then applicable to Foreign Currency Loans in the Revolving Loans applicable Foreign Currency with an Interest Period of one month (with the first such other ClassInterest Period beginning on the date such LC Disbursement was made); provided that that, in each case (i) and (ii), if the Borrower Company fails to reimburse such LC Disbursement when on the Business Day after such reimbursement is due pursuant to paragraph (e) and (f) of this Section, then Section 2.13(d2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (eg) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (SAIC, Inc.), Credit Agreement (Science Applications International Corp)

Interim Interest. If any Issuing Bank makes any LC Disbursement, then, unless the applicable 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 applicable Borrower reimburses such LC Disbursement (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 Initial (x) in the case of any Letter of Credit denominated in Dollars, Revolving Loans that are ABR Loans Loans, (ory) in the case of any Letter of Credit denominated in Canadian Dollars, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans that are Canadian Prime Rate Loans and (z) in the case of such any Letter of Credit denominated in any other Class)Alternate Currency, Revolving Loans that are Eurocurrency Rate Loans with an Interest Period of one month; provided that if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Bausch Health Companies Inc.), Restatement Agreement (Valeant Pharmaceuticals International, Inc.)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses or the applicable LC Subsidiary 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 Borrower or the applicable LC Subsidiary reimburses such LC Disbursement Disbursement, at (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in Dollars, and at all times following the proceeds conversion to Dollars of Loans, as applicable), at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such an LC Disbursement by any Revolving Lender made in an Alternative Currency pursuant to paragraph (e) or (m) of another Classthis Section, the rate per annum then applicable to the Base Rate Revolving Loans and (ii) in the case of such other Class)any LC Disbursement denominated in an Alternative Currency, at all times prior to its conversion to Dollars pursuant to paragraph (e) or (m) of this Section, a rate per annum reasonably 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 provided, however, that, at all times after the applicable Borrower or the applicable LC Subsidiary fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) or (m) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Graftech International LTD), Credit Agreement (Graftech International LTD)

Interim Interest. If any Issuing Revolving Lender or any Fronting Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses Borrowers reimburse such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of (i) each Revolving Lender pro rata in accordance with its Applicable Percentage with respect to the Revolving Credit Facility, in the case of Several Letters of Credit or (ii) the applicable Issuing Fronting Bank, in the case of Fronted Letters of Credit, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eb)(iii) of this Section to reimburse such Issuing the applicable Fronting Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Argo Group International Holdings, Ltd.), Credit Agreement (Argo Group International Holdings, Ltd.)

Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses or the Applicant Party 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 Borrower or the Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR New Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement or the Applicant Party when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply; provided, further, that any L/C Disbursement that is reimbursed after the date such L/C Disbursement is required to be reimbursed under paragraph (e) of this Section, (A) be payable in Dollars, (B) bear interest at the rate per annum then applicable to ABR New Revolving Loans and (C) Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any New Revolving Facility Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such New Revolving Facility Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Foundation Coal Holdings, Inc.), Credit Agreement (Foundation Coal Holdings, Inc.)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the Dollar Amount of the unpaid amount thereof shall bear interestinterest payable on demand, for each day from and including the date such LC Disbursement is made paid or disbursed to but excluding the date that the Borrower reimburses such LC Disbursement (or Issuing Bank was reimbursed by the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable), Borrowers therefor at the a rate per annum then applicable equal to Initial the Alternate Base Rate as in effect from time to time plus the Applicable Margin for ABR Revolving Loans that are ABR Loans (orLoans; provided, however, to the extent such amounts are not reimbursed prior to 1:00 p.m., New York City time, on the third Business Day following such payment or disbursement or following the occurrence of a Default or an Event of Default under Section 8.01(g) or (h), interest shall thereafter accrue on the Dollar Amount of the participation in such LC Disbursement amounts so paid or disbursed by any Revolving Lender of another Class, the Issuing Bank (and until reimbursed by the Borrowers) at a rate per annum then applicable equal to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall applyDefault Rate. Interest accrued pursuant to this paragraph Section 2.18(h) shall be 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 (eSection 2.18(e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (International Seaways, Inc.), Credit Agreement (Overseas Shipholding Group Inc)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable)due and payable, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Spread with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Applicable Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Applicable Lender to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Scotts Miracle-Gro Co), Credit Agreement (Scotts Miracle-Gro Co)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement in full, whether with its own funds or with proceeds from a Revolving Borrowing (including any ABR Revolving Borrowing deemed requested pursuant to Section 2.05(f)) or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)a Swingline Borrowing, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.13(d2.13(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 (ef) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Costar Group Inc), Credit Agreement (Costar Group Inc)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade or notice of such LC Disbursement is received pursuant to Section 2.06(e), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made or notice of such LC Disbursement is received pursuant to Section 2.06(e) to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable), due and payable at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans and such interest shall be due and payable on the date when such reimbursement is payable (or, to the extent of the participation in if such LC Disbursement by any is denominated in an Alternative Currency, at the Overnight Foreign Currency Rate for such Alternative Currency plus the then effective Applicable Rate with respect to Eurocurrency Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other ClassLoans); provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 2 contracts

Sources: Credit Agreement (Virtusa Corp), Credit Agreement (Virtusa Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 2 contracts

Sources: Credit Agreement (Keysight Technologies, Inc.), Credit Agreement (Agilent Technologies Inc)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower (or any other account party) reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at (1) in the rate per annum then applicable to Initial case of a Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another ClassDisbursement, the rate per annum then applicable to ABR Loans and (2) in the Revolving Loans case of such other Class)a Synthetic LC Disbursement, a rate per annum equal to the Alternate Base Rate plus 1.75%; provided that that, if the Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to paragraph (eb)(iii) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (eb)(iii)(A) of this Section or from the Credit-Linked Deposit of any Synthetic LC Lender pursuant to paragraph (b)(iii)(B) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender or Synthetic LC Lender, as applicable, to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (James River Coal CO)

Interim Interest. If an L/C Issuer shall make any Issuing Bank makes any LC L/C Disbursement, then, unless the applicable Borrower reimburses 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 applicable Borrower reimburses such LC L/C Disbursement, (i) in the case of an L/C Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in US Dollars, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans and (orii) in the case of an L/C Disbursement is made in an Alternative Currency, at a rate equal to the extent rate reasonably determined by the applicable L/C Issuer to be the cost to such L/C Issuer of funding such L/C Disbursement plus the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then Applicable Rate applicable to the LIBOR Revolving Loans of or EURIBOR Revolving Loans, as the case may be, at such other Class)time; provided that that, if the applicable Borrower fails to reimburse such LC any L/C Disbursement when due and payable pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, L/C Issuer (except that interest accrued on and after the date of payment by any Revolving applicable Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank L/C Issuer shall be paid to the Administrative Agent for the account of such Revolving Lender to the extent of such payment Lender), and shall be payable on the date on which the applicable Borrower is required to reimburse the applicable LC L/C Disbursement in full (and, thereafter, and thereafter on demand).

Appears in 1 contract

Sources: Revolving Credit Agreement (V F Corp)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Base Rate Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.06, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph (h) shall be for the account of the AMENDED AND RESTATED ABL CREDIT AGREEMENT applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment payment. Interest accrued under this Section 2.06(h) or Section 2.13(c) (as it relates thereto) shall constitute and shall be payable on form a part of the date on which the reimbursement obligations owed by Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)respect of such Letters of Credit.

Appears in 1 contract

Sources: Abl Credit Agreement (Navistar International Corp)

Interim Interest. If any the applicable Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of LC Disbursements made in Dollars, and at all times following the conversion to Dollars of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable)made in an Alternative Currency pursuant to clause (e) above, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR and (ii) in the case of LC Disbursements made in Alternative Currency, and at all times prior to their conversion to Dollars pursuant to clause (e) above, at the rate applicable to Eurocurrency Loans denominated in such Alternative Currency with an Interest Period of one (or, to 1) month’s duration determined on the extent of the participation in date such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)is made; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this SectionSection 2.05, then Section 2.13(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 clause (e) of this Section 2.05 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (Coty Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC L/C Disbursement, then, unless the Borrower reimburses applicable Applicant Party 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 Borrower applicable Applicant Party reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)L/C Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans provided that, in the case of a L/C Disbursement made that are ABR Loans is a Euro Letter of Credit, the amount of interest due with respect thereto shall (or, A) be payable in Euros and (B) bear interest at a rate equal to the extent rate reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such L/C Disbursement plus the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then Applicable Margin applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that and provided, further, that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement applicable Applicant Party when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply, with the rate per annum for L/C Disbursements made in respect of a CL Letter of Credit from the date any payment is made to the Issuing Lender on behalf of the CL Lenders shall be 2% in excess of the rate per annum then applicable to ABR Term Loans. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender or by or on behalf of any CL Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Facility Lender or CL Lender, as the case may be, to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (BCP Crystal Holdings Ltd. 2)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower Company reimburses such LC Disbursement Disbursement, (or the date on which i) if such LC Disbursement is reimbursed with made in US Dollars, and at all times following the proceeds conversion to US Dollars of Loans, as applicable)an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to Initial ABR US Tranche Revolving Loans that are ABR Loans Loans, and (or, to the extent of the participation in ii) if such LC Disbursement by any Revolving Lender of another Classis made in an Alternative Currency, at all times prior to its conversion to US Dollars pursuant to paragraph (e) above, at a rate equal to the rate per annum then reasonably determined by the applicable Issuing Bank to be the cost to such Issuing Bank of funding such LC Disbursement plus the Applicable Margin applicable to the Eurocurrency Revolving Loans of at such other Class)time; provided that that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (Yellow Roadway Corp)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ed) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (ed) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 1 contract

Sources: Credit Agreement (Olaplex Holdings, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation or in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Margin with respect to Eurocurrency Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (Quad/Graphics, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the date such LC Disbursement is maderequired to be reimbursed pursuant to Section 2.05(f), 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 Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of an LC Disbursement is reimbursed with the proceeds of Loans, as applicable)denominated in Dollars, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans, and (or, to ii) in the extent case of the participation in such an LC Disbursement by denominated in any Revolving Lender of another Classother currency, the a rate per annum then 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 the Eurocurrency Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05(f), then Section 2.13(d) 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 Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eSection 2.05(f) 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 1 contract

Sources: Credit Agreement (Skyline Champion Corp)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses shall reimburse such LC Disbursement in full on the later of (i) the date when such LC Disbursement is mademade and (ii) the date upon which the Borrower receives notice of such LC Disbursement pursuant to paragraph (g) above (such later date, the “Interest Commencement Date”), the unpaid amount thereof shall bear interest, for each day from and including the Interest Commencement Date to but excluding the date that reimbursement of such LC Disbursement Distribution is made due pursuant to paragraph (e) of this Section at the rate provided in Section 2.12(a) with respect to ABR Revolving Loans and, if not so reimbursed on the date due pursuant to such paragraph (e), then from and including such date so due to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable provided in Section 2.12(c) with respect to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall applyLoans. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Limited Brands Inc)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)in full, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class)Loans; provided that that, if the Borrower fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(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 (e) of this Section to reimburse such Issuing Bank shall be 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 Borrower is required to reimburse reimburses the applicable LC Disbursement in full (and, thereafter, on demand)full.

Appears in 1 contract

Sources: Credit Agreement (Leggett & Platt Inc)

Interim Interest. If any the Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses (or, with respect to each Letter of Credit requested by a Letter of Credit Applicant, the respective Letter of Credit Applicant) 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 Borrower (or, with respect to each Letter of Credit requested by a Letter of Credit Applicant, the respective Letter of Credit Applicant) reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loans, as applicable)Disbursement, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans Loans; provided that, if the Borrower (or, with respect to the extent each Letter of the participation in such LC Disbursement Credit requested by any Revolving Lender a Letter of another ClassCredit Applicant, the rate per annum then applicable to the Revolving Loans respective Letter of such other Class); provided that if the Borrower Credit Applicant) fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (Techteam Global Inc)

Interim Interest. If any Issuing Bank makes shall make any LC Disbursement, then, unless the applicable Borrower reimburses 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 Borrower reimburses such LC Disbursement Disbursement, (or i) in the date on which such case of any LC Disbursement is reimbursed with denominated in Euros, and at all times following the proceeds conversion to Euros of Loans, as applicable)an LC Disbursement made in US Dollars or Pounds Sterling pursuant to paragraph (l) of this Section, at the Swingline Rate plus 1.75% per annum, (ii) in the case of any LC Disbursement denominated in US Dollars, at all times prior to its conversion to Euros pursuant to paragraph (l) of this Section, at the Alternate Base Rate (as defined in the First Lien Agreement) plus 1.75% per annum, and (iii) in the case of any LC Disbursement denominated in Pounds Sterling, at all times prior to its conversion to Euros pursuant to paragraph (l) of this Section, a rate per annum then reasonably determined by the applicable Issuing Bank (which determination will be conclusive absent manifest error) to Initial Revolving Loans that are ABR Loans (or, to the extent represent its cost of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate funds plus 1.75% per annum then applicable to the Revolving Loans of such other Class)annum; provided that that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.12(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender ABT Lenders pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account accounts of such Revolving Lender ABT Lenders to the extent of such payment and shall be payable on the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Revolving Credit Agreement (Goodyear Tire & Rubber Co /Oh/)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (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 Initial Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).. Table of Contents

Appears in 1 contract

Sources: First Lien Credit Agreement (Shift4 Payments, Inc.)

Interim Interest. If any Issuing Bank makes any LC Disbursement, unless the 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed with the proceeds of Loansa Loan, as applicable), at the rate per annum then applicable to Initial Initial2024 Replacement Revolving Loans that are ABR Loans (or, to the extent of the participation in such LC Disbursement by any Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.13(d2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) of this Section 2.05 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

Appears in 1 contract

Sources: Credit Agreement (Victory Capital Holdings, Inc.)

Interim Interest. If any an Issuing Bank makes shall make any LC Disbursement, then, unless the Borrower reimburses 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 Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement reimbursement is reimbursed with the proceeds of Loans, as applicable)due and payable, at the rate per annum then applicable to Initial ABR Revolving Loans that are ABR Loans (or, to or in the extent of the participation in case such LC Disbursement by any is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed Currency plus the then effective Applicable Rate with respect to EurodollarTerm Benchmark Revolving Lender of another Class, Loans) and such interest shall be due and payable on the rate per annum then applicable to the Revolving Loans of date when such other Class)reimbursement is payable; provided that that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d2.13(cd) shall apply. Interest accrued pursuant to this paragraph shall be 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 (e) 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 the date on which the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand)payment.

Appears in 1 contract

Sources: Credit Agreement (Myriad Genetics Inc)