Common use of Reserves on Eurodollar Rate Loans Clause in Contracts

Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender of Eurodollar Rate Loans, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, provided the Borrower shall have received at least ten days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten days from receipt of such notice.

Appears in 6 contracts

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

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Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender of Eurodollar Rate LoansLender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan and each Base Rate Loan that bears interest at the rate set forth in clause (c) of the definition thereof equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, provided the Borrower shall have received at least ten 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten 10 days from receipt of such notice.

Appears in 6 contracts

Samples: Credit Agreement (TreeHouse Foods, Inc.), Credit Agreement (TreeHouse Foods, Inc.), Credit Agreement (TreeHouse Foods, Inc.)

Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender of Eurodollar Rate LoansLender, as long as such Lender shall be required to maintain reserves (including any basic marginal, special, supplemental, emergency or other reserves) with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as Eurodollar Rate Loans against “Eurocurrency liabilities”)” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors or other applicable banking regulator, additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, provided the Borrower shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days from receipt of such notice.

Appears in 5 contracts

Samples: Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp), Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp), Counterpart Agreement (Ocwen Financial Corp)

Reserves on Eurodollar Rate Loans. The Borrower To the extent not otherwise reflected in the Eurodollar Rate, the Borrowers shall pay to each Lender of Eurodollar Rate LoansLender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, provided the Borrower Borrowers shall have received at least ten thirty (30) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such LenderLender including a brief explanation of such costs. If a Lender fails to give notice ten thirty (30) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten thirty (30) days from receipt of such notice.

Appears in 3 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.)

Reserves on Eurodollar Rate Loans. The Borrower AFG (and AAG, to the extent related to any Eurodollar Rate Loan made to it) shall pay to each Lender of Eurodollar Rate LoansLender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, provided the applicable Borrower shall have received at least ten 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten 10 days from receipt of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Great American Financial Resources Inc), Credit Agreement (American Financial Group Inc)

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Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender of Eurodollar Rate LoansRevolving Credit Lender, as long as such Revolving Credit Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Revolving Credit Loan by such Revolving Credit Lender (as determined by such Revolving Credit Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Revolving Credit Loan, provided the Borrower shall have received at least ten 30 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Revolving Credit Lender. If a Revolving Credit Lender fails to give notice ten 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten 10 days from receipt of such notice.

Appears in 1 contract

Samples: Credit Agreement (NRG Yield, Inc.)

Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender of Eurodollar Rate LoansLender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Eurocurrencyeurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan, each Term SOFR Loan and each Base Rate Loan that bears interest at the rate set forth in clause (c) of the definition thereof equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, ,; provided that the Borrower shall have received at least ten 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten 10 days from receipt of such notice.

Appears in 1 contract

Samples: Credit Agreement (TreeHouse Foods, Inc.)

Reserves on Eurodollar Rate Loans. The To the extent not otherwise reflected in the Eurodollar Rate, the Borrower shall pay to each Lender of Eurodollar Rate LoansLender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Eurodollar Rate Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Eurodollar Rate Loan, provided the Borrower shall have received at least ten thirty (30) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such LenderLender including a brief explanation of such costs. If a Lender fails to give notice ten thirty (30) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten thirty (30) days from receipt of such notice.

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

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