Common use of Interim Interest Clause in Contracts

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

Appears in 15 contracts

Samples: Credit Agreement (Digital Turbine, Inc.), Credit Agreement (Powell Industries Inc), Credit Agreement (Cavco Industries Inc.)

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Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 9 contracts

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

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

Appears in 7 contracts

Samples: Credit Agreement (Bowman Consulting Group Ltd.), Credit Agreement (Boston Beer Co Inc), Credit Agreement (DocGo Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03Section, then Section 2.08(b2.09(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 7 contracts

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

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

Appears in 7 contracts

Samples: Credit Agreement (Mosaic Co), Credit Agreement (Information Services Group Inc.), Credit Agreement (New York Times Co)

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

Appears in 5 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 5 contracts

Samples: Credit Agreement (Enfusion, Inc.), Credit Agreement (Tilray Brands, Inc.), Credit Agreement (Duluth Holdings Inc.)

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

Appears in 4 contracts

Samples: Security Agreement (Ciena Corp), Credit Agreement (Leonardo DRS, Inc.), Credit Agreement (Leonardo DRS, Inc.)

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

Appears in 4 contracts

Samples: Credit Agreement (Fox Factory Holding Corp), Credit Agreement (Fox Factory Holding Corp), Credit Agreement (Lydall Inc /De/)

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

Appears in 3 contracts

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

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

Appears in 3 contracts

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

Interim Interest. If the an L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03 and such L/C Disbursement is not fully refinanced by a Borrowing of Base Rate Loans pursuant to clause (f) of this Section 2.03 because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(m) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

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

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

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Borrowers shall jointly and severally reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.16, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (op) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 2.16 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Samples: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (American Outdoor Brands Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower for whose account such Letter of Credit was issued shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans or Canadian Prime Rate Loans, as applicable; provided that if the such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.16, then Section 2.08(b2.06(b)) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 2.16 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

Samples: Pledge Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp), Abl Credit Agreement

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the any Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.08(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Loans; provided that that, if the Borrower fails Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.06, then Section 2.08(b2.13(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 2.06 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Committed Loans; provided that if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.17(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Loans; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.06, then Section 2.08(b2.13(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 2.06 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Credit Agreement (Zeta Global Holdings Corp.), Credit Agreement (Zeta Global Holdings Corp.)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer Issuing Bank for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause paragraph (f) of this Section 2.03Section, then Section 2.08(b2.11(b) shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for account of the L/C Issuersuch Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (f) of this Section 2.03 to reimburse the L/C Issuer such Issuing Bank shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.05(f), then Section 2.08(b2.14(c) shall apply. Interest accrued pursuant to this clause (ok) shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.05(f) of this Section 2.03 to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the an L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Loans; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause paragraph (fe) of this Section 2.03Section, then Section 2.08(b2.13(c) shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (fe) of this Section 2.03 to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Credit Agreement (Arthur J. Gallagher & Co.), Credit Agreement (Arthur J. Gallagher & Co.)

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

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer Issuing Bank for any standby Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Loans; provided that if the Borrower such Xxxxxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.05, then Section 2.08(b2.13(d) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuersuch Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to clause (f) of this Section 2.03 2.05 to reimburse the L/C Issuer such Issuing Bank shall be for account of such Revolving Facility Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Barnes Group Inc), Credit Agreement (Barnes Group Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.05(f), then Section 2.08(b2.14(d) shall apply. Interest accrued pursuant to this clause (ok) shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.05(f) of this Section 2.03 to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the applicable L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse or a loan shall be made to reimburse such L/C Disbursement in full on the date such L/C Disbursement is mademade or the next date as provided above, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any ​ Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.04, then Section 2.08(b2.09(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 2.04 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mattel Inc /De/)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (ok) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(e) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Meet Group, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Highwoods Realty LTD Partnership)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.08(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Radiant Logistics, Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower such Xxxxxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) 51CHAR1\1990274v3 CHAR1\1990274v1 shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Itt Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit Issuing Bank shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate LoansAdvances under the Revolving Credit Facility; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause paragraph (fd) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for the account of the L/C IssuerIssuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (fb) of this Section 2.03 to reimburse the L/C Issuer Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (TLC Vision Corp)

Interim Interest. If the applicable L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse or a loan shall be made to reimburse such L/C Disbursement in full on the date such L/C Disbursement is mademade or the next date as provided above, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower Xxxxxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(m) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Stifel Financial Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Ufp Technologies Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Ingles Markets Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Alamo Group Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit Issuing Bank shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate ABR Loans; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause paragraph (fe) of this Section 2.03Section, then Section 2.08(b3.02(c) shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for the account of the L/C IssuerIssuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (fe) of this Section 2.03 to reimburse the L/C Issuer Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Home Shopping Network Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse reimburses such L/C Disbursement in full on the date such L/C Disbursement is was made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.04, then Section 2.08(b2.08(c) shall apply. Interest accrued pursuant to this clause (ol) shall be for the account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (f) of this Section 2.03 2.04 to reimburse the such L/C Issuer shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Camden Property Trust)

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

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

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

Appears in 1 contract

Samples: Credit Agreement (GXO Logistics, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower Bxxxxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.. CHAR1\1710066v1CHAR1\0000000x0

Appears in 1 contract

Samples: Credit Agreement (BGC Partners, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: 1823738v3 Credit Agreement (Arhaus, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b)(i) shall apply. Interest accrued pursuant to this clause (ok) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment...

Appears in 1 contract

Samples: Credit Agreement (Cousins Properties Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Zynga Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03Section, then Section 2.08(b2.09(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.. 145501075_6

Appears in 1 contract

Samples: Credit Agreement (Envista Holdings Corp)

Interim Interest. If the L/C Issuer Issuing Bank for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.5(g), then Section 2.08(b) the Default Rate shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for account of the L/C Issuersuch Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.5(g) of this Section 2.03 to reimburse the L/C Issuer such Issuing Bank shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.08(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Radiant Logistics, Inc)

Interim Interest. If the L/C Issuer Issuing Lender for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Borrowers reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans; provided that if the Borrower fails Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.3, then Section 2.08(b3.1(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the L/C Issuersuch Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Loan Lender pursuant to clause (f) of this Section 2.03 2.3 to reimburse the L/C Issuer such Issuing Lender shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

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

Interim Interest. If the applicable L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse or a loan shall be made to reimburse such L/C Disbursement in full on the date such L/C Disbursement is mademade or the next date as provided above, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower Bxxxxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

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

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) CHAR1\1759258v10 subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (KnowBe4, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Encore Wire Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loan Revolving Loans; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause paragraph (fe) of this Section 2.03Section, then Section 2.08(b2.13(d) shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (fe) of this Section 2.03 to reimburse the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Teradata Corp /De/)

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

Appears in 1 contract

Samples: Credit Agreement (COMMERCIAL METALS Co)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Daily SOFR Rate Loans; provided that if the Borrower Xxxxxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.07(c) shall apply. Interest accrued pursuant to this clause (ol) shall be for the account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Armada Hoffler Properties, Inc.)

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

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Ares Real Estate Income Trust Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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

Appears in 1 contract

Samples: Credit Agreement (1847 Goedeker Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Revolving Committed Loans; provided that if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.17(c) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Ligand Pharmaceuticals Inc)

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Xxxxx shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Ryder reimburses such L/C Disbursement, at the rate per annum then applicable to Domestic Base Rate Loans; provided that provided, that, if the Borrower Xxxxx fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Domestic Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Domestic Lender to the extent of such payment.

Appears in 1 contract

Samples: Global Revolving Credit Agreement (Ryder System Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) subsection shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Bandwidth Inc.)

Interim Interest. If the an L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement is reimbursed in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C DisbursementDisbursement is reimbursed, at the rate per annum then applicable equal to the Base Rate LoansRate; provided that if the Borrower fails to reimburse such L/C Disbursement is not reimbursed when due pursuant to clause (f) of this Section 2.032.01, then Section 2.08(b2.04(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender Participating Bank pursuant to clause (f) of this Section 2.03 2.01 to reimburse the such L/C Issuer shall be for account of such Lender Participating Bank to the extent of such payment.

Appears in 1 contract

Samples: Credit Reimbursement Agreement (Reinsurance Group of America Inc)

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Workday, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Ares Real Estate Income Trust Inc.)

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) subsection shall be for the account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Parsons Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit Issuing Lender shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Floating Rate LoansAdvances; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.033.5, then Section 2.08(b) 2.12 shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for the account of the L/C IssuerIssuing Lender, except that interest accrued on and after the date of payment by any L/C Lender pursuant to clause (f) of this Section 2.03 3.5 to reimburse the Issuing Lender shall be for the account of such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Wendy's/Arby's Group, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (ITT Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Committed Loans; provided that if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(o) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Perkinelmer Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Copart Inc)

Interim Interest. If the an L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the a rate per annum (computed in accordance with Section 2.09(a)) equal to the rate then applicable to Base Rate Loans; provided that that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(e), then Section 2.08(b2.09(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(h) shall be for the account of the applicable L/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (fSection 2.03(e) of this Section 2.03 to reimburse the such L/C Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the applicable Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the such Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the such Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b2.09(b) shall apply. Interest accrued pursuant to this clause (om) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Dollar Tranche Lender pursuant to clause (f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Dollar Tranche Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Credit Agreement (Halozyme Therapeutics, Inc.)

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) subsection shall be for the account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fCHAR1\1806478v11CHAR1\1928004v5 DATE OF PAYMENT BY ANY LENDER PURSUANT TO Section 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Parsons Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower Annex I to Third Amendment to Credit Agreement (Xxxxxx Industries, Inc.) 4888-1961-8421 v.3 ANNEX I TO THIRD AMENDMENT TO CREDIT AGREEMENT fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Powell Industries Inc)

Interim Interest. If the any L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Committed Revolving Loans; provided that provided, that, if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.03(m) shall be for account of the such L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the such L/C Issuer shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Sanmina Corp)

Interim Interest. If the L/C Issuer for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower Company shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower Company reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that provided, that, if the Borrower Company fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.03(f), then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (oSection 2.08(o) shall be for account of the L/C Issuer, except that interest accrued on and after the date of payment by any Revolving A Lender pursuant to clause (fSection 2.03(f) of this Section 2.03 to reimburse the L/C Issuer shall be for account of such Revolving A Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Radiant Logistics, Inc)

Interim Interest. If the L/C Issuer Issuing Lender for any standby Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the Dollar Equivalent of the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.033.6, then Section 2.08(b5.1(b) shall apply. Interest accrued pursuant to this clause (o) Section 3.15 shall be for account of the L/C Issuersuch Issuing Lender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 3.15 to reimburse the L/C Issuer such Issuing Lender shall be for account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Copart Inc)

Interim Interest. If the L/C Issuer for any standby Letter of Credit Fronting Bank shall make any L/C Disbursement, then, unless the Borrower Borrowers shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails Borrowers fail to reimburse such L/C Disbursement when due pursuant to clause (f) of this Section 2.032.04(f), then Section 2.08(b2.08(f) shall apply. Interest accrued pursuant to this clause (o) paragraph shall be for the account of the L/C Issuerrelevant Fronting Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (fSection 2.04(f) of this Section 2.03 to reimburse the L/C Issuer such Fronting Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (LyondellBasell Industries N.V.)

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