Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 13 contracts
Samples: Credit Agreement (Electronics for Imaging Inc), Credit Agreement (Datto Holding Corp.), Assignment and Assumption (ExlService Holdings, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 13 contracts
Samples: Credit Agreement (F45 Training Holdings Inc.), Credit Agreement (Landec Corp \Ca\), Credit Agreement (CompoSecure, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 11 contracts
Samples: Credit Agreement (Opko Health, Inc.), Credit Agreement (Compressco Partners, L.P.), Credit Agreement (Rti Surgical, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 11 contracts
Samples: Credit Agreement (Gogo Inc.), Credit Agreement (Sagent Pharmaceuticals, Inc.), Intercreditor Agreement (Rivian Automotive, Inc. / DE)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 9 contracts
Samples: Credit Agreement (Kimball Electronics, Inc.), Credit Agreement and Term Loan Agreement (Industrial Property Trust Inc.), Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 8 contracts
Samples: Credit Agreement (Usa Technologies Inc), Credit Agreement (Potbelly Corp), Credit Agreement (Roblox Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 7 contracts
Samples: Credit Agreement (Healthequity Inc), Credit Agreement (Wellcare Health Plans, Inc.), Credit Agreement (Whole Foods Market Inc)
Interim Interest. If an the applicable Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse (including by a Borrowing) such LC Disbursement in full on not later than the first Business Day following the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse (including by a Borrowing) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.02(e), then Section 2.13(c) 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.02(e) of this Section 2.06 to reimburse such the applicable Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 7 contracts
Samples: Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc), Credit Agreement (American Airlines Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 7 contracts
Samples: Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Ugi Corp /Pa/)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower (or any other account party) reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on under the date when such reimbursement is dueapplicable Revolving Facility; provided, provided that, if the a Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.11(c) shall applyapply from such due date until such reimbursement is made. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, Bank making such LC Disbursement except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e)(ii) of this Section 2.06 to reimburse such an Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 6 contracts
Samples: Credit Agreement (Aramark), Credit Agreement (Aramark), Credit Agreement (Aramark)
Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.4, then interest calculated in accordance with Section 2.13(c) shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Lbi Media Holdings Inc), Credit Agreement (Lbi Media Holdings Inc), Credit Agreement (Lbi Media Holdings Inc)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Alternative Currency Revolving Loans denominated in Dollars which are ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.063.5, then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph Section shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Alternative Currency Revolving Lender pursuant to clause (e) of this Section 2.06 3.5 to reimburse such the Issuing Bank Lender shall be for the account of such Alternative Currency Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Funding Agent, on behalf of its Lender Group, pursuant to clause (e) of this Section 2.06 2.4 to reimburse such Issuing Bank shall be for the account of such Funding Agent for distribution to its Lender Group to the extent of such payment.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Huntsman International LLC), Servicing Agreement and Transaction Documents and Waiver (Huntsman International LLC), Receivables Loan Agreement (Huntsman International LLC)
Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.4, then interest calculated in accordance with Section 2.13(c2.12(c) shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Affinity Group Holding Inc), Credit Agreement (Affinity Group Inc), Credit Agreement (Affinity Group Holding, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (whether with the proceeds of a Revolving Loan or otherwise), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.13(e), then Section 2.13(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.13(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Cenveo, Inc), Credit Agreement (Cenveo, Inc), Credit Agreement (Cenveo, Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Saga Communications Inc), Credit Agreement (Saga Communications Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless until the Borrower shall reimburse have reimbursed the Issuing Bank for such LC Disbursement in full on the date such LC Disbursement is made(either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Chefs' Warehouse, Inc.), Credit Agreement (Chefs' Warehouse, Inc.), Credit Agreement (Chefs' Warehouse, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13 (c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Cooper Tire & Rubber Co), Credit Agreement (Meet Group, Inc.), Credit Agreement (MeetMe, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (MSG Entertainment Spinco, Inc.), Credit Agreement (Madison Square Garden Co)
Interim Interest. If an the applicable Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse (including by a Borrowing) such LC Disbursement in full on not later than the first Business Day following the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse (including by a Borrowing) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.02(e), then Section 2.13(c) 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.02(e) of this Section 2.06 to reimburse such the applicable Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 3 contracts
Samples: Revolving Credit and Guaranty Agreement (United Airlines, Inc.), Revolving Credit and Guaranty Agreement (United Airlines, Inc.), Credit and Guaranty Agreement (United Airlines, Inc.)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse (including with the proceeds of Loans as provided in Section 4.01(e)) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is duespecified in Section 6.08(a); provided, provided that, if the Borrower fails Borrowers fail to reimburse (including with the proceeds of Loans as provided in Section 4.01(e)) such LC LC, Disbursement when due pursuant to clause paragraph (e) of this Section 2.064.01, then Section 2.13(c6.08(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any U.S. Lender pursuant to clause paragraph (e) of this Section 2.06 4.01 to reimburse such the Issuing Bank Lender shall be for the account of such U.S. Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Zimmer Holdings Inc), Credit Agreement (Zimmer Holdings Inc), Credit Agreement (Zimmer Holdings Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.. (i)
Appears in 2 contracts
Samples: Credit Agreement (Jamf Holding Corp.), Execution Version Credit Agreement (Jamf Holding Corp.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Tranche A Revolving Loans and such interest shall be payable on the date when such reimbursement is duethat are Base Rate Loans; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due and payable pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Fiesta Restaurant Group, Inc.), Credit Agreement (Fiesta Restaurant Group, Inc.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Kirby Corp), Credit Agreement (Kirby Corp)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse (including with the proceeds of Loans as provided in Section 4.01(e)) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is duespecified in Section 6.08(a); provided, provided that, if the Borrower fails Borrowers fail to reimburse (including with the proceeds of Loans as provided in Section 4.01(e)) such LC LC, Disbursement when due pursuant to clause paragraph (e) of this Section 2.064.01, then Section 2.13(c6.08(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any U.S. Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 4.01 to reimburse such the Issuing Bank Lender shall be for the account of such U.S. Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Zimmer Holdings Inc), Credit Agreement (Zimmer Holdings Inc)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum equal to the rate per annum then applicable to Revolving Credit ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such applicable LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)
Interim Interest. If an the Issuing Bank shall make any LC DisbursementDisbursement which is not reimbursed with an ABR Borrowing in accordance with the terms hereof, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (American Realty Capital Trust V, Inc.), Credit Agreement (American Realty Capital Global Trust, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower US Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses US Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails US Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.6(e), then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any US Revolving Lender pursuant to clause (eSection 2.6(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Stewart & Stevenson LLC), Credit Agreement (Stewart & Stevenson Funding Corp.)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.063.05, then Section 2.13(c2.04(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 3.05 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Avangrid, Inc.), Revolving Credit Agreement (Avangrid, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(b) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Solaris Oilfield Infrastructure, Inc.), Credit Agreement (Solaris Oilfield Infrastructure, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Charlotte's Web Holdings, Inc.), Credit Agreement (Charlotte's Web Holdings, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12 (e) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Indus Realty Trust, Inc.), Credit Agreement (Indus Realty Trust, Inc.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due and payable pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duedue and payable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Clear Secure, Inc.), Credit Agreement (Clear Secure, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Amended and Restated Credit Agreement (Mesa Laboratories Inc /Co/)
Interim Interest. If an the Issuing Bank shall make for any Letter of Credit makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall will be due and payable on the date when such reimbursement is dueduepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause (h) will be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse the such Issuing Bank shall for such LC Disbursement will be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Allbirds, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Clarus Corp)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c2.13(cd) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Photomedex Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Akorn Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of 632ACTIVE 224321401v.2 this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Unisys Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.14(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c2.13(df) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall will be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause will be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such the Issuing Bank shall will be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Allbirds, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans, Canadian Prime Rate Loans and such interest shall be payable on or UK Base Rate Loans (as applicable for the date when such reimbursement is duerelevant currency); provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses or finances such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse or finance such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Flywire Corp)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after 49 the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.14(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the applicable Lead Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Lead Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Rate Loans, as applicable; provided, thatprovided that , if the applicable Lead Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Execution Version Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Integral Ad Science Holding Corp.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving LC Loans; provided, provided that, if the U.S. Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (ef) of this Section 2.06, then Section 2.13(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving LC Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving LC Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, that, provided that if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC L/C Disbursement, then, unless the Borrower Borrowers shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC L/C Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, that, provided that if the Borrower fails Borrowers fail to reimburse such LC L/C Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.11(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank for such L/C Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Revolving Credit and Guaranty Agreement (Varex Imaging Corp)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Excelerate Energy, Inc.)
Interim Interest. If an Issuing Bank LC Issuer shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the a rate per annum (computed in accordance with Section 2.07(a)) equal to the rate then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.03(e), then Section 2.13(c2.07(b) shall apply. Interest accrued pursuant to this paragraph Section 2.03(h) shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any LC Lender pursuant to clause (eSection 2.03(e) of this Section 2.06 to reimburse such Issuing Bank LC Issuer shall be for the account of such LC Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, that, provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Berry Corp (Bry))
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make for any Letter of Credit makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall will be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause (h) will be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall for such LC Disbursement will be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Allbirds, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Administrative Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Revolving Loans; provided, provided that, if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.05(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.2(d), then interest shall accrue at the default rate pursuant to Section 2.13(c) shall apply2.5(b). Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.2(d) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.. (i)
Appears in 1 contract
Samples: Credit Agreement (CompoSecure, Inc.)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Credit ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Geo Group Inc)
Interim Interest. If an the Issuing Bank shall make makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall will be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause will be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such the Issuing Bank shall will be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Administrative Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Tranche A Revolving Loans; provided, provided that, if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(e), then Section 2.13(c2.12(cd) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to clause (eSection 2.05(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.05, then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 2.05 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof (which, in the case of Multicurrency Letters of Credit, shall be converted into Dollars) shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding excluding, the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause paragraph (ef) of this Section 2.06, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an a Letter of Credit Issuing Bank shall make any LC DisbursementDrawing Payment, then, unless the Borrower shall reimburse such LC Disbursement Drawing Payment in full on the date such LC Disbursement Drawing Payment is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement Drawing Payment is made to but excluding the date that the Borrower reimburses such LC DisbursementDrawing Payment in full, at a rate equal to the rate Base Rate, in effect from time to time, plus the Applicable Margin for Base Rate Loans plus 0.25% per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueannum; provided, provided that, if the Borrower fails to reimburse such LC Disbursement Drawing Payment when due pursuant to clause (eSection 2.4(d)(iv) of this Section 2.06through the conversion to an LC Loan or otherwise, then Section 2.13(csuch overdue amount shall bear additional interest (after as well as before judgment) shall applyat a rate equal to 2% per annum. Interest accrued pursuant to this paragraph shall be for the account of the applicable Letter of Credit Issuing Bank, except that provided that, for the avoidance of doubt, any interest accrued in accordance with Section 2.5 on and after the date of payment by any LC Lender pursuant to clause (eSection 2.4(d)(iii) of this Section 2.06 to reimburse such Letter of Credit Issuing Bank shall be for the account of such LC Lender to the extent of such payment.
Appears in 1 contract
Samples: Management Services Agreement (Macquarie Infrastructure Corp)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (whether directly or through a Loan), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement (whether directly or through a Loan) when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Par Pharmaceutical Companies, Inc.)
Interim Interest. If an the LC Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.04, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable LC Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.04 to reimburse such the LC Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Nl Industries Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Eurocurrency Loans and such interest shall be payable on the date when such reimbursement is duehaving an Interest Period of one month’s duration; provided, provided that, if the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to clause paragraph (ef) of this Section 2.06Section, then the provisions of Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.. (j)
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Barings BDC, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR CBFR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, that, provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (CRH Medical Corp)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Committed Lender pursuant to clause (e) of this Section 2.06 2.4 to reimburse such Issuing Bank shall be for the account of such Committed Lender to the extent of such payment.
Appears in 1 contract
Samples: Request Agreement (Huntsman CORP)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and 27 payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(c) shall applyapply with respect to such unreimbursed amount. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC ---------------- Disbursement, then, unless the U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueU.S. $ Revolving Loans; provided, provided that, if the U.S. Borrower fails to reimburse such LC -------- Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any U.S. $ Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such U.S. $ Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Security Agreement (United Rentals North America Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower U.S. Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses U.S. Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to U.S. Revolving Loans maintained as ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, that, provided that if the Borrower fails U.S. Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.05, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable respective Issuing Bank, except that interest accrued on and after the date of payment by any U.S. Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.05 to reimburse such Issuing Bank shall be for the account of such U.S. Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Intertape Woven Products Services S.A. De C.V.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, ----------------- then, unless the U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Dollar Loans; provided, provided that, if the U.S. Borrower fails to reimburse such LC -------- Disbursement when due pursuant to clause paragraph (ef) of this Section 2.06, then Section 2.13(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Dollar Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Dollar Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, payable; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankBanks, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank Banks shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Masimo Corp)
Interim Interest. If an Issuing Bank LC Issuer shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the a rate per annum (computed in accordance with Section 2.09(a)) equal to the rate then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.03(e), then Section 2.13(c2.09(b) shall apply. Interest accrued pursuant to this paragraph Section 2.03(h) shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.03(e) of this Section 2.06 to reimburse such Issuing Bank LC Issuer shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, reimbursement is due and payable at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (whether directly or through a Loan), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement (whether directly or through a Loan) when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Par Pharmaceutical Companies, Inc.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Rate Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.13(e), then Section 2.13(c2.06(f) shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.13(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans Revolving Loans; and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: First Amended and Restated Credit Agreement (Escalade Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Committed Lender pursuant to clause (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank shall be for the account of such Committed Lender to the extent of such payment.
Appears in 1 contract
Samples: Servicing Agreement and Transaction (Huntsman CORP)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless until the Borrower shall reimburse have reimbursed the Issuing Bank for such LC Disbursement in full on the date such LC Disbursement is made(either with its own funds or a Borrowing under Section 2.09(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.09(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.09(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.09(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp)
