Common use of Pricing Changes Clause in Contracts

Pricing Changes. (a) At any time and from time to time the Bank may send to the Borrower an Applicable Margin Change Notice, and such Applicable Margin Change Notice shall become effective on the date that is the later to occur of the following (such later date with respect to such Applicable Margin Change Notice, the “Applicable Margin Change Effective Date”): (i) the date specified as such in such Applicable Margin Change Notice, and (ii) the 179th day after the date of such Applicable Margin Change Notice. (b) At any time and from time to time the Bank may send to the Borrower a Commitment Fee Change Notice, and such Commitment Fee Change Notice shall become effective on the date that is the later to occur of the following (such later date with respect to such Commitment Fee Change Notice, the “Commitment Fee Change Effective Date”): (i) the date specified as such in such Commitment Fee Change Notice, and (ii) the 179th day after the date of such Commitment Fee Change Notice.

Appears in 2 contracts

Sources: Credit Agreement (Tortoise Power & Energy Infrastructure Fund Inc), Credit Agreement (Tortoise Energy Independence Fund, Inc.)

Pricing Changes. (a) At any time and from time to time the Bank Administrative Agent may send to the Borrower an Applicable Margin Change Notice, and such Applicable Margin Change Notice shall become effective on the date that is the later to occur of the following (such later date with respect to such Applicable Margin Change Notice, the “Applicable Margin Change Effective Date”): (i) the date specified as such in such Applicable Margin Change Notice, and (ii) the 179th day after the date of such Applicable Margin Change Notice. (b) At any time and from time to time the Bank Administrative Agent may send to the Borrower a Commitment Fee Change Notice, and such Commitment Fee Change Notice shall become effective on the date that is the later to occur of the following (such later latest date with respect to such Commitment Fee Change Notice, the “Commitment Fee Change Effective Date”): (i) the date specified as such in such Commitment Fee Change Notice, and (ii) the 179th day after the date of such Commitment Fee Change Notice.

Appears in 2 contracts

Sources: Credit Agreement (ClearBridge Energy MLP Fund Inc.), Credit Agreement (ClearBridge Energy MLP Opportunity Fund Inc.)

Pricing Changes. (a) At any time and from time to time the Bank may Agent shall, at the request of Applicable Banks, send to the Borrower an Applicable Margin Change Notice, and such Applicable Margin Change Notice shall become effective on the date that is the later latest to occur of the following (such later latest date with respect to such Applicable Margin Change Notice, the “Applicable Margin Change Effective Date”): (i) the date specified as such in such Applicable Margin Change Notice, and (ii) the 179th 180th day after the date of such Applicable Margin Change Notice, and (iii) the 364th day following the Effective Date. (b) At any time and from time to time the Bank may Agent shall, at the request of Applicable Banks, send to the Borrower a Commitment Fee Change Notice, and such Commitment Fee Change Notice shall become effective on the date that is the later latest to occur of the following (such later latest date with respect to such Commitment Fee Change Notice, the “Commitment Fee Change Effective Date”): (i) the date specified as such in such Commitment Fee Change Notice, and (ii) the 179th 180th day after the date of such Commitment Fee Change Notice, and (iii) the 364th day following the Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Goldman Sachs MLP & Energy Renaissance Fund)

Pricing Changes. (a) At any time and from time to time the Bank may Administrative Agent shall, at the request of Applicable Lenders, send to the Borrower an Applicable Margin Change Notice, and such Applicable Margin Change Notice shall become effective on the date that is the later to occur of the following (such later date with respect to such Applicable Margin Change Notice, the “Applicable Margin Change Effective Date”): (i) the date specified as such in such Applicable Margin Change Notice, Notice and (ii) the 179th 364th day after the date of such Applicable Margin Change Notice. (b) At any time and from time to time the Bank may Administrative Agent shall, at the request of Applicable Lenders, send to the Borrower a Commitment Fee Change Notice, and such Commitment Fee Change Notice shall become effective on the date that is the later to occur of the following (such later date with respect to such Commitment Fee Change Notice, the “Commitment Fee Change Effective Date”): (i) the date specified as such in such Commitment Fee Change Notice, Notice and (ii) the 179th 364th day after the date of such Commitment Fee Change Notice.

Appears in 1 contract

Sources: Credit Agreement (Tortoise Pipeline & Energy Fund, Inc.)