Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 25 contracts

Sources: Credit Agreement (Ibotta, Inc.), Credit Agreement (Carriage Services Inc), Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 14 contracts

Sources: Credit Agreement (Corsair Gaming, Inc.), Credit Agreement (Agilysys Inc), Credit Agreement (Agilysys Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 10 contracts

Sources: Credit Agreement (New York Times Co), Credit Agreement (Mosaic Co), Credit Agreement (Nathans Famous, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 9 contracts

Sources: Credit Agreement (Newmark Group, Inc.), Credit Agreement (BGC Group, Inc.), Credit Agreement (Newmark Group, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this ~~Section 2.03~~Section, then Section ~~2.08(b~~2.09(b) shall apply. Interest accrued pursuant to this clause ~~(o)~~ shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 8 contracts

Sources: Credit Agreement (Vontier Corp), Credit Agreement (Envista Holdings Corp), Credit Agreement (Vontier Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 7 contracts

Sources: Credit Agreement (Fox Factory Holding Corp), Credit Agreement (Helen of Troy LTD), Credit Agreement (Fox Factory Holding Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 6 contracts

Sources: Credit Agreement (Tilray Brands, Inc.), Credit Agreement (Enfusion, Inc.), Credit Agreement (Tilray Brands, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall jointly and severally reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.16, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ 2.16 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 5 contracts

Sources: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 5 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Incremental Amendment Agreement (Ciena Corp), Credit Agreement (Leonardo DRS, Inc.), Credit Agreement (Leonardo DRS, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if ~~the~~ any Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.08(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership)

Interim Interest. If ~~the~~ an L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 4 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Credit Agreement (Ipg Photonics Corp), Credit Agreement (Arthur J. Gallagher & Co.), Credit Agreement (Arthur J. Gallagher & Co.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Ameresco, Inc.), Credit Agreement (Zeta Global Holdings Corp.)

Interim Interest. If ~~the~~ an L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.03 and such L/C Disbursement is not fully refinanced by a Borrowing of Base Rate Loans pursuant to clause (f) of this Section 2.03 because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the~~ Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the~~ Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.)

Interim Interest. If ~~the~~ any L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless ~~the Borrower~~ ▇▇▇▇▇ shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the Borrower~~ Ryder reimburses such L/C Disbursement, at the rate per annum then applicable to Domestic Base Rate Loans; ~~provided that~~ provided, that, if ~~the Borrower~~ ▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Domestic Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Domestic Lender to the extent of such payment.

Appears in 3 contracts

Sources: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

Interim Interest. If ~~the~~ any L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(m) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Commercial Vehicle Group, Inc.), Credit Agreement (Commercial Vehicle Group, Inc.), Credit Agreement (Commercial Vehicle Group, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower for whose account such Letter of Credit was issued shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans or Canadian Prime Rate Loans, as applicable; provided that if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.16, then Section ~~2.08(b~~2.06(b)) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ 2.16 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Abl Credit Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp), Abl Credit Agreement

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Loans; provided ~~that~~ that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.06, then Section ~~2.08(b~~2.13(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section ~~2.03~~ 2.06 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Revvity, Inc.), Credit Agreement (Revvity, Inc.), Credit Agreement (Perkinelmer Inc)

Interim Interest. If ~~the~~ any L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Atlassian Corp), Credit Agreement (Atlassian Corp), Credit Agreement (Atlassian Corp PLC)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Mercury General Corp), Credit Agreement (Mercury General Corp), Credit Agreement (Mercury General Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C ~~Disbursement~~Borrowing, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C ~~Disbursement~~ Borrowing in full on the date such L/C ~~Disbursement~~ Borrowing is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C ~~Disbursement~~ Borrowing is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C ~~Disbursement~~Borrowing, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C ~~Disbursement~~ Borrowing when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc)

Interim Interest. If the applicable L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fc) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains Gp Holdings Lp), Credit Agreement (Plains Gp Holdings Lp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Credit Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Fortive Corp), Credit Agreement (Ralliant Corp), Credit Agreement (Ralliant Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Loans; provided ~~that~~ that, if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.06, then Section ~~2.08(b~~2.13(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ 2.06 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Cummins Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause~~ paragraph (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ paragraph (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (J.P. Morgan Real Estate Income Trust, Inc.), Credit and Term Loan Agreement (Ares Real Estate Income Trust Inc.), Credit and Term Loan Agreement (Ares Real Estate Income Trust Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.05(f), then Section ~~2.08(b~~2.14(d) shall apply. Interest accrued pursuant to this clause (ok) shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.05(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any ~~L/C Disbursement~~disbursement in respect of a Letter of Credit, then, unless the Borrower shall reimburse such ~~L/C Disbursement~~ disbursement in full on the date such ~~L/C Disbursement~~ disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such ~~L/C Disbursement~~ disbursement is made to but excluding the date that the Borrower reimburses such ~~L/C Disbursement~~disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such ~~L/C Disbursement~~ disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

Interim Interest. If the ~~L/C Issuer~~ Issuing Bank for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Loans; provided that if ~~the Borrower~~ such ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.05, then Section ~~2.08(b~~2.13(d) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the L/C Issuer~~such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to clause (f) of this Section ~~2.03~~ 2.05 to reimburse ~~the L/C Issuer~~ such Issuing Bank shall be for account of such Revolving Facility Lender to the extent of such payment.

Appears in 2 contracts

Sources: Amendment No. 2 (Barnes Group Inc), Credit Agreement (Barnes Group Inc)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Loans; provided ~~that~~ that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (fe) of this ~~Section 2.03~~Section, then Section ~~2.08(b~~2.13(c) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ paragraph (fe) of this Section ~~2.03~~ to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Concho Resources Inc), Credit Agreement (Concho Resources Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.05(f), then Section ~~2.08(b~~2.14(c) shall apply. Interest accrued pursuant to this clause (ok) shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.05(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.04, then Section ~~2.08(b~~2.09(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ 2.04 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Mattel Inc /De/), Revolving Credit Agreement (Mattel Inc /De/)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Borrowers reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Forward Air Corp), Credit Agreement (Forward Air Corp)

Interim Interest. If the ~~L/C Issuer~~ Issuing Bank for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (f) of this ~~Section 2.03~~Section, then Section ~~2.08(b~~2.11(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for account of ~~the L/C Issuer~~such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ paragraph (f) of this Section ~~2.03~~ to reimburse ~~the L/C Issuer~~ such Issuing Bank shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (SWK Holdings Corp), Credit Agreement (SWK Holdings Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the~~ Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if ~~the Borrower~~ ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Credit Loans; provided that if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (NCR Corp), Credit Agreement (NCR Atleos, LLC)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this ~~Section 2.03~~Section, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause ~~(o)~~ shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Jacobs Solutions Inc.), Credit Agreement (Jacobs Engineering Group Inc /De/)

Interim Interest. If the ~~L/C Issuer for any standby Letter of Credit~~ Issuing Bank shall make any L/C ~~Disbursement~~Disbursement in respect of a Letter of Credit, then, (i) in the case of any Revolving L/C Disbursement, unless the applicable Borrower shall reimburse such Revolving L/C Disbursement in full on such date or (ii) in the ~~date~~ case of any Funded L/C Disbursement, unless either the Term Loan Borrower shall reimburse such Funded L/C Disbursement ~~is made~~in full within the time period specified in Section 2.23(e) or the Administrative Agent shall reimburse such Funded L/C Disbursement with funds held in the Credit-Linked Deposit Account in full on such date, in each case the unpaid amount thereof shall bear ~~interest~~interest for the account of the Issuing Bank, for each day from and including the date of such L/C Disbursement ~~is made~~ to but excluding the earlier of the date ~~that~~ of payment by the applicable Borrower ~~reimburses such~~ or the date on which interest shall commence to accrue thereon as provided in Section 2.02(f), at (A) in the case of a Revolving L/C Disbursement, at the rate per annum ~~then applicable~~ that would apply to ~~Base Rate Loans; provided that~~ such amount if such amount were an ABR Revolving Loan and (B) in the ~~Borrower fails to reimburse such~~ case of a Funded L/C ~~Disbursement when due pursuant~~ Disbursement, the rate per annum that would apply to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such ~~Lender to the extent of~~ amount if such ~~payment~~amount were an ABR Term Loan.

Appears in 2 contracts

Sources: Credit Agreement (NRG Energy, Inc.), Credit Agreement (NRG Energy Inc)

Appears in 2 contracts

Sources: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse ~~such~~ the L/C Disbursement in full on the date ~~such~~ the L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date ~~such~~ the L/C Disbursement is made to but excluding the date that the Borrower reimburses ~~such~~ the L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse ~~such~~ the L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (ok) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (American Healthcare REIT, Inc.), Credit Agreement (American Healthcare REIT, Inc.)

Interim Interest. If ~~the~~ any L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ subsection (f) of this ~~Section 2.03~~Section, then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ subsection (f) of this Section ~~2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Halozyme Therapeutics, Inc.), Credit Agreement (Tandem Diabetes Care Inc)

Interim Interest. If ~~the~~ any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ subsection shall be for the account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Parsons Corp), Credit Agreement (Parsons Corp)

Interim Interest. If ~~the L/C Issuer for~~ any ~~standby Letter of Credit~~ Fronting Bank shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.04(f), then Section ~~2.08(b~~2.08(f) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for the account of the ~~L/C Issuer~~relevant Fronting Bank, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.04(f) ~~of this Section 2.03~~ to reimburse ~~the L/C Issuer~~ such Fronting Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Senior Secured Asset Based Credit Agreement (LyondellBasell Industries N.V.), Senior Secured Asset Based Credit Agreement

Interim Interest. If the ~~L/C Issuer~~ Issuing Bank for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ~~Loans~~Loans under the Revolving Facility; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (f) of this ~~Section 2.03~~Section, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for the account of ~~the L/C Issuer~~such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to ~~clause~~ paragraph (f) of this Section ~~2.03~~ to reimburse ~~the L/C Issuer~~ such Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 2 contracts

Sources: Amendment Agreement (Perella Weinberg Partners), Amendment Agreement (Perella Weinberg Partners)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Hecla Mining Co/De/), Credit Agreement (Hecla Mining Co/De/)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date ~~that~~ the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Committed Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.17(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this ~~Section 2.03~~Section, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause ~~(o)~~ shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Ingles Markets Inc), Credit Agreement (Ingles Markets Inc)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless ~~the Borrower~~ ▇▇▇▇▇▇▇▇▇ shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the Borrower~~ ▇▇▇▇▇▇▇▇▇ reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the Borrower~~ ▇▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.04, then Section ~~2.08(b~~2.09(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any USD Lender pursuant to clause (f) of this Section ~~2.03~~ 2.04 to reimburse the L/C Issuer shall be for account of such USD Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Carpenter Technology Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.04, then Section ~~2.08(b~~2.03(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ 2.04 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Unitil Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Turtle Beach Corp)

Interim Interest. If the applicable L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the~~ Borrower shall reimburse or a loan shall be made to reimburse such L/C Disbursement in full on the date such L/C Disbursement is ~~made~~made or the next date as provided above, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if ~~the~~ Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Franklin Street Properties Corp /Ma/)

Interim Interest. If ~~the~~ an L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the Borrower shall reimburse~~ such L/C Disbursement is reimbursed in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the Borrower reimburses~~ such L/C ~~Disbursement~~Disbursement is reimbursed, at the rate per annum ~~then applicable~~ equal to the Base ~~Rate Loans~~Rate; provided that if ~~the Borrower fails to reimburse~~ such L/C Disbursement is not reimbursed when due pursuant to clause (f) of this Section ~~2.03~~2.01, then Section ~~2.08(b~~2.04(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any ~~Lender~~ Participating Bank pursuant to clause (f) of this Section ~~2.03~~ 2.01 to reimburse ~~the~~ such L/C Issuer shall be for account of such ~~Lender~~ Participating Bank to the extent of such payment.

Appears in 1 contract

Sources: Letter of Credit Reimbursement Agreement (Reinsurance Group of America Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.08(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving A Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Revolving A Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Radiant Logistics, Inc)

Interim Interest. If the ~~L/C Issuer~~ Issuing Lender for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the Dollar Equivalent of the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~3.6, then Section ~~2.08(b~~5.1(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ Section 3.15 shall be for account of ~~the L/C Issuer~~such Issuing Lender, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f) of this~~ Section ~~2.03~~ 3.15 to reimburse ~~the L/C Issuer~~ such Issuing Lender shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Copart Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.08(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Radiant Logistics, Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date ~~that~~ the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Sonic Automotive Inc)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (f) of this ~~Section 2.03~~Section, then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ paragraph (f) of this Section ~~2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit and Term Loan Agreement (Black Creek Diversified Property Fund Inc.)

Interim Interest. If ~~the L/C Issuer for~~ any ~~standby Letter of Credit~~ Issuing Lender shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Alternate Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b)~~ 2.11 shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the L/C Issuer~~such Issuing Lender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the L/C Issuer~~ such Issuing Lender shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (GXO Logistics, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such ~~L/C~~ Letter of Credit Disbursement in full on the date such ~~L/C~~ Letter of Credit Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such ~~L/C~~ Letter of Credit Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such ~~L/C~~ Letter of Credit Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Rite Aid Corp)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if ~~the Borrower~~ such ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) CHAR1\1990274v1 shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Itt Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(m) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Stifel Financial Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.3, then Section ~~2.08(b~~2.14(d) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section ~~2.03~~ 2.3 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Revolving Credit Facility (Taboola.com Ltd.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the~~ Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate 49 Loans; provided that if ~~the Borrower~~ ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Sila Realty Trust, Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) (i) shall apply. Interest accrued pursuant to this clause (ok) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment...

Appears in 1 contract

Sources: Fifth Amended and Restated Credit Agreement (Cousins Properties Inc)

Interim Interest. If the ~~L/C Issuer~~ Issuing Bank for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate Loans~~Revolving Loans under the Revolving Facility; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (f) of this ~~Section 2.03~~Section, then Section ~~2.08(b~~2.11(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for the account of ~~the L/C Issuer~~such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ paragraph (f) of this Section ~~2.03~~ to reimburse ~~the L/C Issuer~~ such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Loan Agreement (Aaon, Inc.)

Interim Interest. If the ~~L/C Issuer~~ Issuing Lender for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Borrowers reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section ~~2.03~~2.3, then Section ~~2.08(b~~3.1(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the L/C Issuer~~such Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Loan Lender pursuant to clause (f) of this Section ~~2.03~~ 2.3 to reimburse ~~the L/C Issuer~~ such Issuing Lender shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Brandywine Operating Partnership, L.P.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Borrowers reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (ONESPAWORLD HOLDINGS LTD)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Revolving Credit Agreement (Acadian Asset Management Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ Daily Simple SOFR Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.16(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Fourth Amended and Restated Credit Agreement (Asbury Automotive Group Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (PJT Partners Inc.)

Interim Interest. If ~~the~~ any L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Committed Revolving Loans; ~~provided that~~ provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(m) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Ansys Inc)

Interim Interest. If ~~the~~ an L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at ~~the~~ a rate per annum (computed in accordance with Section 2.09(a)) equal to the rate then applicable to Base Rate Loans; provided ~~that~~ that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(e), then Section ~~2.08(b~~2.09(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(h) shall be for the account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(e) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Spectrum Brands, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Ufp Technologies Inc)

Interim Interest. If the L/C ~~Issuer~~ Issuers for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ subsection (f) of this ~~Section 2.03~~Section, then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ subsection shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ subsection (f) of this Section ~~2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Halozyme Therapeutics, Inc.)

Interim Interest. If ~~the~~ L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the~~ Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if ~~the Borrower~~ B▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Landsea Homes Corp)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the Borrower~~ such ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Core Laboratories Inc. /DE/)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Fortress Net Lease REIT)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the applicable Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if the applicable Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Alexander & Baldwin, Inc.)

Interim Interest. If the ~~L/C Issuer for any standby~~ Issuing Bank in respect of a Letter of Credit shall make any L/C ~~Disbursement~~Disbursement under such Letter of Credit, then, unless the ~~Borrower~~ Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower reimburses~~ Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to ~~Base Rate~~ ABR Loans; provided ~~that~~ that, if the ~~Borrower fails~~ Borrowers fail to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (fe) of this ~~Section 2.03~~Section, then Section ~~2.08(b~~2.12(c) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for the account of the ~~L/C Issuer~~Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause~~ paragraph (fe) of this Section ~~2.03~~ to reimburse the ~~L/C Issuer~~ Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Superpriority Debtor in Possession Credit Agreement

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Credit Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (American Assets Trust, L.P.)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (ITT Inc.)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Committed Loans; provided that if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse ~~the~~ such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Perkinelmer Inc)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if ~~the Borrower~~ such ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Resources Connection, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of the L/C Issuer, except that interest accrued on 174721465 and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Ligand Pharmaceuticals Inc)

Interim Interest. If the ~~L/C Issuer for any standby Letter of Credit~~ Issuing Bank shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ~~Loans~~Advances under the Revolving Credit Facility; provided ~~that~~ that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause~~ paragraph (fd) of this Section 2.03, then Section ~~2.08(b~~2.07(b) shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for the account of the ~~L/C Issuer~~Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to ~~clause~~ paragraph (fb) of this Section 2.03 to reimburse the ~~L/C Issuer~~ Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (TLC Vision Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate 13813663v6 Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Cavco Industries Inc.)

Interim Interest. If the ~~L/C Issuer~~ Issuing Lender for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (fc) of this ~~Section 2.03~~Section, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause ~~(o)~~ shall be for account of ~~the L/C Issuer~~such Issuing Lender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fc) of this Section ~~2.03~~ to reimburse ~~the L/C Issuer~~ such Issuing Lender shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Sanmina Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the ~~Borrower~~ Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the ~~Borrower~~ Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; ~~provided that~~ provided, that, if the ~~Borrower~~ Company fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.08(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Radiant Logistics, Inc)

Interim Interest. If the ~~L/C Issuer~~ Issuing Bank for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.5(g), then ~~Section 2.08(b)~~ the Default Rate shall apply. Interest accrued pursuant to this ~~clause (o)~~ paragraph shall be for account of ~~the L/C Issuer~~such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.5(g) ~~of this Section 2.03~~ to reimburse ~~the L/C Issuer~~ such Issuing Bank shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Landsea Homes Corp)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless ~~the~~ Borrower ~~shall reimburse~~ reimburses such L/C Disbursement in full on the date such L/C Disbursement is was made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to ~~Base~~ Daily SOFR Rate Loans; provided that if ~~the Borrower~~ ▇▇▇▇▇▇▇▇ fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section ~~2.08(b~~2.07(c) shall apply. Interest accrued pursuant to this clause (ol) shall be for the account of ~~the~~ such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (f) of this Section 2.03 to reimburse ~~the~~ such L/C Issuer shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Rexford Industrial Realty, Inc.)

Appears in 1 contract

Sources: Fourth Amendment Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.)

Interim Interest. If the L/C Issuer ~~for any standby Letter of Credit~~ shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that ~~the~~ such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if ~~the~~ such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Core Laboratories N V)

Interim Interest. If the L/C Issuer for any ~~standby~~ Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to ~~clause (f) of this~~ Section ~~2.03~~2.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this ~~clause (o~~Section 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to ~~clause (f~~Section 2.03(f) ~~of this Section 2.03~~ to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.. CHAR1\1710066v1CHAR1\▇▇▇▇▇▇▇▇▇

Appears in 1 contract

Sources: Credit Agreement (BGC Partners, Inc.)

Appears in 1 contract

Sources: Credit Agreement (Envista Holdings Corp)

Common use of Interim Interest Clause in Contracts