Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 7 contracts
Samples: Credit Agreement (Osmotica Pharmaceuticals PLC), Credit Agreement (Osmotica Pharmaceuticals PLC), Credit Agreement (Osmotica Pharmaceuticals PLC)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Requesting Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Requesting Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Requesting Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 7 contracts
Samples: Revolving Credit Agreement (Freeport-McMoran Inc), Revolving Credit Agreement (Freeport-McMoran Inc), Amendment and Restatement Agreement (Freeport-McMoran Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Sectionby the Required Reimbursement Date, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such paymentpayment and shall be payable on demand or, if no demand has been made, on the date on which the Borrower reimburses the applicable LC Disbursement in full.
Appears in 6 contracts
Samples: Credit Agreement (Ww International, Inc.), Credit Agreement (Ww International, Inc.), Equal Priority Intercreditor Agreement (Weight Watchers International Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 6 contracts
Samples: Credit Agreement (Northern Tier Energy LP), Credit Agreement (Northern Tier Energy LP), Credit Agreement (Northern Tier Energy, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05(e), then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eSection 2.05(e) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 6 contracts
Samples: Agreement of Purchase and Sale (Williams Companies Inc), Credit Agreement (Williams Communications Group Inc), Credit Agreement (Williams Companies Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers U.S. Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interestinterest payable on demand, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable determined pursuant to Revolving Loans that are ABR Loans; provided that if Section 2.06(a) until the Borrowers fail to reimburse day after U.S. Borrower is notified of such LC Disbursement when due and thereafter pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply2.06(c). Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eSection 2.18(e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Ply Gem Holdings Inc), Credit Agreement (Ply Gem Holdings Inc), Credit Agreement (Ply Gem Holdings Inc)
Interim Interest. If an any Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then then-applicable to ABR Revolving Loans that are ABR Credit Loans; provided that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.)
Interim Interest. If an Issuing any Fronting Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c) 2.11 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing relevant Fronting Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Fronting Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement, Credit Agreement (Equistar Chemicals Lp), Credit Agreement (Lyondell Chemical Co)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender Applicable Participant pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender Applicable Participant to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Delphi Technologies PLC), Credit Agreement (Delphi Technologies PLC), Restatement Agreement (Aptiv PLC)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (Crown Media Holdings Inc), Credit Agreement (Crown Media Holdings Inc), Credit Agreement (Delphi Automotive PLC)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Credit Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 5 contracts
Samples: Credit Agreement (HMS Holdings Corp), Credit Agreement (HMS Holdings Corp), Credit Agreement (HMS Holdings Corp)
Interim Interest. If an Issuing Bank shall make makes any LC L/C Disbursement, then, unless the applicable Borrowers shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall will bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the applicable Borrowers reimburse such LC L/C Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if such L/C Disbursement is not reimbursed by the applicable Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e5) of this SectionSection 2.05, then Section 2.12(c2.13(3) shall will apply. Interest accrued pursuant to this paragraph shall will be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e5) of this Section 2.05 to reimburse such Issuing Bank shall will be for the account of such Revolving Lender to the extent of such payment.
Appears in 5 contracts
Samples: Loan Agreement (Ulta Beauty, Inc.), Loan Agreement (Ulta Beauty, Inc.), Second Amended And (Ulta Beauty, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that PROVIDED that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (American Media Operations Inc), Credit Agreement (Huntsman Packaging Corp), Credit Agreement (Marketing Services Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.06(a)(i) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (ARC Group Worldwide, Inc.), Credit Agreement (ARC Group Worldwide, Inc.), Credit Agreement
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Revolving Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Revolving Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail such Revolving Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Revolving Credit and Term Loan Agreement (Cooper Companies, Inc.), Credit and Term Loan Agreement, Assignment and Assumption (Cooper Companies, Inc.)
Interim Interest. If an Issuing Bank shall make any LC DisbursementDisbursement with respect to a Letter of Credit is made, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Base Rate Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.11A, then Section 2.12(c) 2.2D shall apply. Interest With respect to any Fronted Letter of Credit, interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Fronted LC Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.11C to reimburse such LC Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant Inc), Credit Agreement (Assurant Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 4 contracts
Samples: Credit Agreement (Manitowoc Co Inc), Credit Agreement (Manitowoc Co Inc), Credit Agreement (Manitowoc Co Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Amerisourcebergen Corp), Credit Agreement (Hawaiian Telcom Communications, Inc.), Credit Agreement (Hawaiian Telcom Communications, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any ABL Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such ABL Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Party City Holdco Inc.), Credit Agreement (Party City Holdco Inc.), Credit Agreement (Party City Holdco Inc.)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Inergy Midstream, L.P.), Credit Agreement (Inergy Midstream, L.P.), And Restatement Agreement (Inergy L P)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Security Agreement (Manitowoc Foodservice, Inc.), Security Agreement (Manitowoc Foodservice, Inc.), Credit Agreement (Manitowoc Co Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Domestic Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Domestic Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Domestic Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Volt Information Sciences, Inc.), Credit Agreement (Volt Information Sciences Inc), Credit Agreement (Volt Information Sciences Inc)
Interim Interest. If an any Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then then-applicable to ABR Revolving Loans that are ABR Credit Loans; provided that if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Intercreditor Agreement (Interline Brands, Inc./De), Intercreditor Agreement (Interline Brands, Inc./De), Credit Agreement (Interline Brands, Inc./De)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR 2018 Extended Revolving Loans that are ABR Loans; , provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any 2018 Extended Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such 2018 Extended Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Select Medical Corp), Credit Agreement (Select Medical Corp), Credit Agreement (Select Medical Holdings Corp)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interestinterest payable on demand, for each day from and including the date such LC Disbursement is made to but excluding and including the date that the Borrowers such Borrower is required to reimburse such LC DisbursementDisbursement under Section 2.18(e)(i), at the interest rate then in effect for ABR Loans, and thereafter, at the rate per annum then applicable determined pursuant to Revolving Loans Section 2.06(c) until (but excluding) the date that are ABR Loans; provided that if the Borrowers fail to reimburse such Borrower reimburses such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) shall applyDisbursement. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eSection 2.18(e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Security Agreement (Norcraft Companies, Inc.), Credit Agreement (Norcraft Companies Lp), Credit Agreement (Norcraft Holdings, L.P.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date on which such LC Disbursement is made to but excluding the date that on which the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Facility Agreement (Belo Corp), Credit Facility Agreement (Belo Corp), Credit Agreement (Belo Corp)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Tranche A Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Tranche A Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Tranche A Lender to the extent of such payment.
Appears in 3 contracts
Samples: Assignment and Assumption (TMS International Corp.), Abl Credit Agreement (TMS International Corp.), Abl Credit Agreement (Tube City IMS CORP)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the Dollar Amount equivalent of the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall also apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then the rate specified in Section 2.12(c2.11(c) shall applyapply on each such past-due day. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.), Credit Agreement (Carlyle Group L.P.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Smith International Inc), Credit Agreement (Smith International Inc), Credit Agreement (Smith International Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Requesting Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Requesting Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR LoansAlternate Base Rate plus the Applicable Rate; provided that that, if the Borrowers fail Requesting Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.5, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.5 to reimburse such the applicable Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Revolving Credit Agreement (CF Industries Holdings, Inc.), Revolving Credit Agreement (CF Industries Holdings, Inc.), Intercreditor Agreement (CF Industries Holdings, Inc.)
Interim Interest. If an the WC Issuing Bank shall make any WC LC Disbursement, then, unless the Borrowers Borrower shall reimburse such WC LC Disbursement in full on the date such WC LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such WC LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such WC LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such WC LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c4.02(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable WC Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the WC Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Avis Rent a Car Inc), Credit Agreement (Fah Co Inc), Credit Agreement (Avis Rent a Car Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail any Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Molex Inc), Credit Agreement (Molex Inc), Credit Agreement (Molex Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Canadian Prime Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when within two (2) Business Days after such reimbursement is due pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Lone Pine Resources Inc.), Credit Agreement (Forest Oil Corp)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this SectionSection 2.05, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph clause (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Krispy Kreme, Inc.), Credit Agreement (Krispy Kreme, Inc.), Credit Agreement (Krispy Kreme, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender Applicable Participant pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender Applicable Participant to the extent of such payment.
Appears in 3 contracts
Samples: Credit Agreement (Caseys General Stores Inc), Credit Agreement (Caseys General Stores Inc), Pledge and Security Agreement (Caseys General Stores Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; , provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ed) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (AGA Medical Holdings, Inc.), Credit Agreement (AGA Medical Holdings, Inc.)
Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers US Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse US Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail US Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Dynamic Materials Corp), Credit Agreement (Dynamic Materials Corp)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05(f), then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eSection 2.05(f) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Reynolds American Inc), Credit Agreement (Reynolds American Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph Section 2.06(e) (e) of this Sectioneither directly or pursuant to a deemed Revolving Loan pursuant to Section 2.06(e)), then Section 2.12(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eSection 2.06(e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Security Agreement (Emdeon Inc.), First Lien Security Agreement (Emdeon Inc.)
Interim Interest. If an any Issuing Bank shall make makes any LC Disbursement, then, unless the Borrowers shall reimburse Borrower reimburses such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Wanda Sports Group Co LTD), Credit Agreement (Wanda Sports Group Co LTD)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; , provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Select Specialty Hospital Topeka Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving U.S. Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving U.S. Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Sysco Corp), Credit Agreement (Sysco Corp)
Interim Interest. If an Issuing any Revolving Lender or any Fronting Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of (i) each Revolving Lender pro rata in accordance with its Applicable Percentage with respect to the Revolving Credit Facility, in the case of Several Letters of Credit or (ii) the applicable Issuing Fronting Bank, in the case of Fronted Letters of Credit, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (eb)(iii) of this Section to reimburse such Issuing the applicable Fronting Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Argo Group International Holdings, Ltd.), Credit Agreement (Argo Group International Holdings, Ltd.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.12(c2.13 (c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Darling International Inc), Security Agreement (Darling International Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear accrue interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Loans; provided that if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.14(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Pilgrims Pride Corp), Credit Agreement (Pilgrims Pride Corp)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear accrue interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.14(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the applicable Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Pilgrims Pride Corp), Credit Agreement (Pilgrims Pride Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.09(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Crown Cork & Seal Co Inc), Credit Agreement (Crown Cork & Seal Co Inc)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Company reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Credit Loans; provided that that, if the Borrowers fail Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.04, then Section 2.12(c2.11(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (e) of this Section 2.04 to reimburse such Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Lamar Media Corp/De), Credit Agreement (Lamar Media Corp/De)
Interim Interest. If an Issuing Bank shall make any LC L/C Disbursement, then, unless the Borrowers relevant Borrower shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse relevant Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR LoansBorrowings; provided that provided, that, if such L/C Disbursement is not reimbursed by the Borrowers fail to reimburse such LC Disbursement relevant Borrower when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Abl Credit Agreement (Claire's Holdings LLC), Abl Credit Agreement (Claire's Holdings LLC)
Interim Interest. If an the Issuing Bank shall make any LC ----------------- Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due -------- pursuant to paragraph (e) of this Section, then Section 2.12(c2.11(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Triton PCS Inc), Credit Agreement (Triton PCS Holdings Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Virtus Investment Partners, Inc. Credit Agreement Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c3.1(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Security Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.)
Interim Interest. If an Issuing Bank shall make any LC DisbursementL/C Borrowing, then, unless the Borrowers Borrower shall reimburse such LC Disbursement L/C Borrowing in full on the date such LC Disbursement L/C Borrowing is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement L/C Borrowing is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC DisbursementL/C Borrowing, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Credit Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement L/C Borrowing when due pursuant to paragraph (e) of this SectionSection 2.05, then the amount due shall bear interest at the applicable rate provided in Section 2.12(c) shall apply). Interest accrued pursuant to paragraph (e) of this paragraph Section 2.05 shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Security Agreement (Pacificare Health Systems Inc /De/)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that provided, that, if the Borrowers fail fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.18, then Section 2.12(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.18 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Massey Energy Co), Credit Agreement (Massey Energy Co)
Interim Interest. If an the Issuing Bank that issued a Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.06, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Invitation Homes Inc.), Revolving Credit and Term Loan Agreement (Invitation Homes Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers US Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse US Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail US Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ef) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Allied Motion Technologies Inc), Credit Agreement (Allied Motion Technologies Inc)
Interim Interest. If an Issuing Bank the Letter of Credit Issuer shall make any LC ----------------- Disbursement, then, unless the Borrowers US Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse US Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail US Borrower fails to reimburse such LC -------- Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLetter of Credit Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank the Letter of Credit Issuer shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (GSL Corp), Credit Agreement (Compass Minerals Group Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade in accordance with paragraph (d) of this Section, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ed) of this Section, then Section 2.12(c) 2.07 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ec) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.05, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such an Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (LifeCare Holdings, Inc.), Credit Agreement (LifeCare Holdings, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers relevant Account Party shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Account Party reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail relevant Account Party fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)
Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC L/C Disbursement, then, unless the Borrowers Borrower shall reimburse such LC L/C Disbursement in full on the date such LC L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC L/C Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that if the Borrowers fail Borrower fails to reimburse such LC L/C Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.12(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Power Solutions International, Inc.), Credit Agreement (Power Solutions International, Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the US Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the US Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the US Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.6(e), then Section 2.12(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any US Revolving Lender pursuant to paragraph (eSection 2.6(e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Stewart & Stevenson LLC), Credit Agreement (Stewart & Stevenson Funding Corp.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Multicurrency Tranche Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Argo Group International Holdings, Ltd.), Credit Agreement (Argo Group International Holdings, Ltd.)
Interim Interest. If an the Issuing Bank shall make any LC ----------------- Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due -------- pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Effectiveness Agreement (Catalytica Inc), Credit Agreement (Catalytica Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Base Rate Loans that are ABR Loansin the applicable Currency; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(g) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Aol Time Warner Inc), Credit Agreement (Aol Time Warner Inc)
Interim Interest. If an the Issuing Bank that issued a Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Brixmor Operating Partnership LP), Revolving Credit and Term Loan Agreement (Brixmor Operating Partnership LP)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Parent Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Parent Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Domestic Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Parent Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Domestic Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Working Capital Credit Agreement (Pliant Corpororation), Pliant Corp
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Lufkin shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Lufkin reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Lufkin fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be due on demand and shall be for the account of the applicable Issuing BankBank with respect to such Letter of Credit, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender (unless such Revolving Lender is a Defaulting Lender) to the extent of such payment.
Appears in 2 contracts
Samples: Guaranty Agreement (Lufkin Industries Inc), Guaranty Agreement (Lufkin Industries Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph clause (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Globant S.A.), Credit Agreement (Globant S.A.)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are Credit ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.11(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving U.S. Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving U.S. Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Fort James Corp), Credit Agreement (Fort Howard Corp)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Base Rate Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph clause (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph clause (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Comstock Oil & Gas Investments, LLC), Credit Agreement (AMERICAN EAGLE ENERGY Corp)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Horizon Lines, Inc.), Credit Agreement (Horizon Lines, Inc.)
Interim Interest. If an Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full in the applicable currency on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR LoansBase Rate Borrowings; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.5(f), then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph Section 2.5(j) shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Multicurrency Tranche Lender pursuant to paragraph (eSection 2.5(e) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Kellogg Co), Credit Agreement (WK Kellogg Co)
Interim Interest. If an any Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Credit Loans; provided that that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Company reimburses such LC DisbursementDisbursement in full, at the rate per annum then applicable to Revolving Loans that are ABR Base Rate Loans; provided that that, if the Borrowers fail Company fails to reimburse such LC Disbursement in full when due pursuant to paragraph (e) of this SectionSection 2.3.5, then the proviso to Section 2.12(c4.1(b) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.3.5 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment, and shall be payable on demand or, if no demand has been made, on the date on which the Company reimburses the applicable LC Disbursement in full.
Appears in 2 contracts
Samples: Credit Agreement (Bright Health Group Inc.), Credit Agreement (Bright Health Group Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.18, then Section 2.12(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.18 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Broder Bros., Co.), Credit Agreement (Broder Bros Co)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that PROVIDED that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Credit Agreement (Interline Brands, Inc./De), Credit Agreement (Wilmar Holdings Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse any Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such paymentpayment by such Revolving Lender.
Appears in 2 contracts
Samples: Credit Agreement (Core-Mark Holding Company, Inc.), Assignment and Assumption (Core-Mark Holding Company, Inc.)
Interim Interest. If an the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) 2% per annum shall applybe added to the applicable rate specified above. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Zoetis Inc.), Revolving Credit Agreement (Zoetis Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers US Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse US Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail US Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving US Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving US Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall applyapply with respect to the overdue amount for each day overdue. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse (by actual payment or by a deemed borrowing of Revolving Loans in accordance with clause (e) of this Section) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR plus the Applicable Margin for Revolving Loans; provided that that, if the Borrowers fail Borrower fails to reimburse (by actual payment or by a deemed borrowing of Revolving Loans in accordance with clause (e) of this Section) such LC Disbursement when due pursuant to paragraph clause (e) of this Section, then Section 2.12(c) 3.3 shall applyapply to the portion of the LC Disbursement that remains unreimbursed. Interest accrued pursuant to this paragraph Section shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender Bank pursuant to paragraph clause (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender Bank to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Credit Lender to the extent of such payment.
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Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC 36 41 Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; , provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (SCG Holding Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that , PROVIDED that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
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Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.06, then Section 2.12(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Consolidated Communications Texas Holdings, Inc.)
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
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Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on or before the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Base Rate Loans; provided that that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (eSection 2.11(f) of this Sectionhereof, then the second and third sentences of Section 2.12(c) 3.02 hereof shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender Bank pursuant to paragraph (eSection 2.11(e) of this Section hereof to reimburse such Issuing Bank shall be for the account of such Revolving Lender Bank to the extent of such payment.
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Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to to, but excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are Syndicated ABR Loans; provided that that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment, and shall be payable on demand or, if no demand has been made, on the date on which the Borrowers reimburse the applicable LC Disbursement in full.
Appears in 1 contract
Samples: Year Credit Agreement (Dillards Inc)
Interim Interest. If an the Issuing Bank Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrowers relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (ef) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (ef) of this Section to reimburse such Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Bowater Inc)
Interim Interest. If an any LC Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR LoansBase Rate Borrowings; provided that that, if the Borrowers fail Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c) such unpaid amount shall applybear interest at a rate per annum equal to 2% plus the Base Rate. Interest accrued pursuant to this paragraph shall be for the account of the applicable LC Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender Bank pursuant to paragraph (e) of this Section to reimburse for the account of such LC Issuing Bank shall be for the account of such Revolving Lender Bank to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (CNF Inc)
Interim Interest. If an any Issuing Bank shall make any LC Disbursement, then, unless the Borrowers Lead Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Lead Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR U.S. Base Rate Loans,; provided that that, if the Borrowers fail Lead Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this SectionSection 2.13, then Section 2.12(c2.06(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Non-FILO Lender pursuant to paragraph (e) of this Section 2.13 to reimburse such Issuing Bank shall be for the account of such Revolving Non-FILO Lender to the extent of such payment.
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Interim Interest. If an the Issuing Bank shall make any LC Letter of Credit Disbursement, then, unless the Borrowers Lead Borrower shall reimburse such LC Letter of Credit Disbursement in full on the date such LC Letter of Credit Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Letter of Credit Disbursement is made to but excluding the date that the Borrowers reimburse Lead Borrower reimburses such LC Letter of Credit Disbursement, at the rate per annum then applicable to Revolving Loans that are ABR Base Rate Loans; provided that that, if the Borrowers fail Lead Borrower fails to reimburse such LC Letter of Credit Disbursement when due pursuant to paragraph (e) of this SectionSection 2.13, then Section 2.12(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.13 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Chiquita Brands International Inc)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Five-Year Base Rate Loans that are ABR Loansin the applicable Currency; provided that that, if such LC Disbursement cannot be reimbursed with the Borrowers fail proceeds of a Five-Year Revolving Loan pursuant to Section 2.05(e) and the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Sectionwithin three Business Days, then Section 2.12(c2.12(g) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Five-Year Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Time Warner Inc.)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that PROVIDED that, if the Borrowers fail such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Multicurrency Tranche Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Multicurrency Tranche Lender to the extent of such payment.
Appears in 1 contract
Samples: Credit Agreement (Valspar Corp)
Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
Interim Interest. If an the Issuing Bank shall make any LC ----------------- Disbursement, then, unless the Borrowers Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrowers reimburse Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans that are ABR Loans; provided that that, if the Borrowers fail Borrower fails to -------- reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.12(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.
Appears in 1 contract
