Common use of Interim Interest Clause in Contracts

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 14 contracts

Samples: Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Security Agreement (Sinclair Broadcast Group Inc)

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Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c) 2.09 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Tranche A Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Tranche A Lender to the extent of such payment.

Appears in 12 contracts

Samples: Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp)

Interim Interest. If the Issuing Lender for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Credit Loans; provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.04, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the such Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (fe) of this Section 2.04 to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 9 contracts

Samples: Credit Agreement (Lamar Media Corp/De), Credit Agreement (Lamar Media Corp/De), Credit Agreement (Lamar Media Corp/De)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 8 contracts

Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, payable on demand, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the an Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 8 contracts

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

Interim Interest. If the Issuing Lender Bank shall make any LC ----------------- Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due -------- pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 7 contracts

Samples: Credit Agreement (McLeodusa Inc), Credit Agreement (Advance Stores Co Inc), Credit Agreement (Global Crossing LTD)

Interim Interest. If the Issuing Lender an LC Issuer shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date on which such LC Disbursement is made to but excluding the date that the on which such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to (including with the proceeds of a Base Rate Borrowing) at the time required under paragraph (fe) of this Section, then Section 2.11(c) 2.10 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lenderapplicable LC Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender LC Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 6 contracts

Samples: Credit Agreement (Hartford Financial Services Group, Inc.), Credit Agreement (Hartford Financial Services Group, Inc.), Credit Agreement (Hartford Financial Services Group, Inc.)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 6 contracts

Samples: Abl Credit Agreement (Kindred Healthcare, Inc), Abl Credit Agreement (Kindred Healthcare, Inc), Abl Credit Agreement (Kindred Healthcare, Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 5 contracts

Samples: Credit Agreement (Kindred Healthcare, Inc), Credit Agreement (Kindred Healthcare Inc), Security Agreement (Sinclair Broadcast Group Inc)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, 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 Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Parent Borrower or any applicable Foreign Subsidiary Borrower, as the case may be, fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 5 contracts

Samples: Credit Agreement (Metaldyne Corp), Credit Agreement (Trimas Corp), Credit Agreement (Metaldyne Corp)

Interim Interest. If the applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement (including through the making of ABR Loans as contemplated above), when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the applicable Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 5 contracts

Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Credit Loans; provided that, that if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.15(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc)

Interim Interest. If the an Issuing Lender Bank shall make any LC L/C Disbursement, then, unless the 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 Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to ABR Loans; provided provided, that, if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 4 contracts

Samples: Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.), Credit Agreement (Sun Country Airlines Holdings, Inc.), Asset Based Revolving Credit Agreement (Sun Country Airlines Holdings, Inc.)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 4 contracts

Samples: Credit Agreement (Griffon Corp), Guarantee and Collateral Agreement (Griffon Corp), Credit Agreement (Griffon Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Revolving Credit and Guaranty Agreement (Tower International, Inc.), Revolving Credit and Guaranty Agreement (Tower International, Inc.), Revolving Credit and Guaranty (Tower International, Inc.)

Interim Interest. If the applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (e) of this Section 2.03) or shall be deemed to have reimbursed 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 such Borrower reimburses reimbursed such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans; specified in Section 2.07(a)(i), provided that, if the such Borrower fails to reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (e) of this Section 2.03) such LC Disbursement when due pursuant to paragraph subsection (fe) of this SectionSection 2.03, then Section 2.11(c2.07(b)(ii) shall apply. Interest accrued pursuant to this paragraph subsection shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph subsection (fe) of this Section 2.03 to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the Issuing Lender LC Issuer shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date on which such LC Disbursement is made to but excluding the date that the on which such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Standby Loans; provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to (including with the proceeds of a Base Rate Borrowing) at the time required under paragraph (fe) of this Section, then Section 2.11(c) 2.10 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderLC Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender LC Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Credit Facility Agreement (Hartford Life Inc), Credit Facility Agreement (Hartford Financial Services Group Inc/De), Credit Facility Agreement (Hartford Financial Services Group Inc/De)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (e) of this Section 2.03) or shall be deemed to have reimbursed 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 such Borrower reimburses reimbursed such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans; specified in Section 2.07(a)(i), provided that, if the such Borrower fails to reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (e) of this Section 2.03) such LC Disbursement when due pursuant to paragraph subsection (fe) of this SectionSection 2.03, then Section 2.11(c2.07(b)(ii) shall apply. Interest accrued pursuant to this paragraph subsection shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph subsection (fe) of this Section 2.03 to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the Issuing Lender Bank that issued a Letter of Credit shall make any LC DisbursementDisbursement and such LC Disbursement is not reimbursed by an automatic advance in accordance with Section 2.06(e), then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if a Borrowing is not permitted under Section 2.06(e) and the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that a pro rata portion of the interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the applicable Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (Taubman Centers Inc), Revolving Credit and Term Loan Agreement (Taubman Centers Inc), Revolving Credit and Term Loan Agreement (Taubman Centers Inc)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.06, then Section 2.11(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.07 to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Pledge Agreement (Lifepoint Health, Inc.), Credit Agreement (Lifepoint Hospitals, Inc.), Credit Agreement (Lakers Holding Corp.)

Interim Interest. If the an Issuing Lender shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansBase Rate Advances; provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.06(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the relevant Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Five Year Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc)

Interim Interest. If the applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (including with the proceeds of an ABR Revolving Borrowing or a Swingline Borrowing requested in accordance with paragraph (e) 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 Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

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

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Samples: Collateral Agreement (SPX Corp), Reimbursement Agreement (SPX Corp), SPX Corp

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC DisbursementDisbursement in full, whether with its own funds or with proceeds from a Revolving Borrowing (including any ABR Revolving Borrowing deemed requested pursuant to Section 2.05(f)), at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(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 LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender 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 Borrower reimburses the applicable LC Disbursement in full.

Appears in 3 contracts

Samples: Credit Agreement (Costar Group, Inc.), Credit Agreement (Costar Group, Inc.), Agreement (Costar Group Inc)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the applicable Borrower 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 Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR LoansBase Rate Revolving Loans under the applicable Revolving Facility and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the a Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.04(e), then Section 2.11(c) shall applyapply from such due date until such reimbursement is made. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, Bank making such LC Disbursement except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fSection 2.04(e)(ii) of this Section to reimburse the an Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (d) of this Section 2.03) or shall be deemed to have reimbursed 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 such Borrower reimburses reimbursed such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans; specified in Section 2.07(a)(i), provided that, if the such Borrower fails to reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (d) of this Section 2.03) such LC Disbursement when due pursuant to paragraph subsection (fd) of this SectionSection 2.03, then Section 2.11(c2.07(b)(ii) shall apply. Interest accrued pursuant to this paragraph subsection shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph subsection (fd) of this Section 2.03 to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Subsidiary Guarantee Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 3.5, then Section 2.11(c2.14(c) shall apply. Interest accrued pursuant to this paragraph Section shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section 3.5 to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided PROVIDED that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.10, then clause (x) of the second sentence of Section 2.11(c) 3.02 hereof shall apply. Interest accrued pursuant to this paragraph shall be for the account of the such Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this Section 2.10 to reimburse the such Issuing Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Journal Register Co), Credit Agreement (Journal Register Co)

Interim Interest. If the an Issuing Lender shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, (i) at the rate per annum then applicable to ABR Loans; provided that, if Alternate Base Rate until the Borrower fails date on which the Company is obligated to reimburse the Issuing Lender for such LC Disbursement when due pursuant to paragraph Section 2.11(e), and (fii) of this Section, then Section 2.11(c) shall applyat the Default Rate thereafter. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the any Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Cox Radio Inc), Credit Agreement (Cox Enterprises Inc Et Al)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Quanex Corp), Assignment and Assumption (Quanex Building Products CORP)

Interim Interest. If the any Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum (i) then applicable to ABR LoansRevolving Loans in the case of LC Disbursements made in dollars or in a LC Alternative Currency; and (ii) then applicable to Canadian Prime Rate Revolving Loans in the case of LC Disbursements made in Canadian Dollars; provided that, if the Borrower fails applicable Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Wesco International Inc), Credit Agreement (Wesco International Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Adjusted Base Rate Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c3.01(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fd) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Guaranty Agreement (Lecroy Corp), Credit Agreement (Lecroy Corp)

Interim Interest. If the an Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse (including with the proceeds of Loans as provided in Section 4.01(e)) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then that would be applicable to ABR LoansLoans pursuant to Section 5.08(a); provided that, that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph Section 4.01(e) (f) including with the proceeds of this SectionLoans as provided in Section 4.01(e)), then Section 2.11(c5.08(f) shall apply. Interest accrued pursuant to this paragraph Section 4.01(h) shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fSection 4.01(e) of this Section to reimburse the such Issuing 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 Borrower reimburses the applicable LC Disbursement in full.

Appears in 2 contracts

Samples: Five Year Revolving Credit Agreement (Zimmer Biomet Holdings, Inc.), Year Revolving Credit Agreement (Zimmer Biomet Holdings, Inc.)

Interim Interest. If the Applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c) 2.07 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Applicable Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (ConvergeOne Holdings, Inc.), Revolving Loan Credit Agreement (Forum Merger Corp)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided PROVIDED that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c) 2.09 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Sothebys Holdings Inc), Credit Agreement (Sothebys Holdings Inc)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is mademade (including with the proceeds of an ABR Revolving Borrowing or a Swingline Borrowing requested in accordance with paragraph (e) 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 Borrower reimburses such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Symbol Technologies Inc), Credit Agreement (Symbol Technologies Inc)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the Issuing Lender Bank for any Letter of Credit shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansRevolving Loans and such interest shall be due and payable on the date when such reimbursement is payable; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(d) shall applyapply pursuant to the terms thereof or to the extent elected by the Administrative Agent or the Required Lenders, as the case may be. Interest accrued pursuant to this paragraph shall be for the account of the such Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the such Issuing Lender Bank for such LC Disbursement shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Credit Loans; provided that, that if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing 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 the Issuing Lender shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, (i) at the rate per annum then applicable to ABR Loans; provided that, if Alternate Base Rate until the Borrower fails date on which the Company is obligated to reimburse the Issuing Bank for such LC Disbursement when due pursuant to paragraph Section 2.08(e), and (fii) of this Section, then Section 2.11(c) shall applyat the Default Rate thereafter. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the any Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Cox Radio Inc), Credit Agreement (Cox Communications Inc /De/)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansRevolving Loans in the case of an LC Disbursement in Dollars and at the rate per annum then applicable to Alternative Currency Loans in the case of an LC Disbursement in an Alternative Currency; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fd) of this Section, then Section 2.11(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, Lender except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If the a U.S. Issuing Lender Bank shall make any U.S. LC Disbursement, then, unless the Borrower U.S. Borrowers shall reimburse such U.S. LC Disbursement in full on the date such U.S. LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such U.S. LC Disbursement is made to but excluding the date that the Borrower reimburses U.S. Borrowers reimburse such U.S. LC Disbursement, at the rate per annum then applicable to ABR U.S. Revolving Loans; provided that, if the Borrower fails U.S. Borrowers fail to reimburse such U.S. LC Disbursement when due pursuant to paragraph (fv) of this SectionSection 2.06(a), then Section 2.11(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable U.S. Issuing LenderBank, except that interest accrued on and after the date of payment by any U.S. Revolving Lender pursuant to paragraph (fv) of this Section 2.06(a) to reimburse the such U.S. Issuing Lender 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 (Nexeo Solutions Holdings, LLC), Credit Agreement (Nexeo Solutions Finance Corp)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement (including through the making of ABR Loans as contemplated above), when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansBase Rate Advances; provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.07(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (PPG Industries Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement Disbursement, in full full, on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Greatbatch, Inc.)

Interim Interest. If the any Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided PROVIDED that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Benchmark Electronics Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fd) of this Section, then Section 2.11(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, Lender except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Cardtronics Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Atari Inc)

Interim Interest. If the any Issuing Lender Bank shall make any LC Disbursement, then, unless the relevant Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Valspar Corp)

Interim Interest. If the Synthetic LC Issuing Lender for any Synthetic Letter of Credit shall make any Synthetic LC Disbursement, then, unless the Borrower Borrowers shall reimburse such Synthetic LC Disbursement in full on the date such Synthetic LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Synthetic LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such Synthetic LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails Borrowers fail to reimburse such Synthetic LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c3.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the such Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Synthetic LC Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Synthetic LC Lender to the extent of such payment.

Appears in 1 contract

Samples: Security Agreement (Foster Wheeler LTD)

Interim Interest. If the Issuing Lender Bank shall make any LC ----------------- Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due -------- pursuant to paragraph (fe) of this Section, then Section 2.11(c) 2.13 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Vestar Associates Corp Iii

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Chart Industries Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Panamsat Corp /New/)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at (1) the rate per annum then applicable to ABR Revolving Loans (or if different, in the case of a CL LC Disbursement, the rate per annum then applicable to ABR (Term Loans; )), provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe)(i) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe)(ii) of this Section or from the Credit-Linked Deposit of any CL Lender pursuant to paragraph (e)(iii) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: First Lien Credit Agreement (Wyndham International Inc)

Interim Interest. If the FILO Facility Issuing Lender Bank shall make any FILO Facility LC Disbursement, then, unless the Borrower U.S. Borrowers shall reimburse such FILO Facility LC Disbursement in full on the date such FILO Facility LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such FILO Facility LC Disbursement is made to but excluding the date that the Borrower reimburses U.S. Borrowers reimburse such FILO Facility LC Disbursement, at the rate per annum then applicable to ABR FILO Facility Revolving Loans; provided that, if the Borrower fails U.S. Borrowers fail to reimburse such FILO Facility LC Disbursement when due pursuant to paragraph (fv) of this SectionSection 2.06(c), then Section 2.11(c2.13(g) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the FILO Facility Issuing LenderBank, except that interest accrued on and after the date of payment by any FILO Facility Revolving Lender pursuant to paragraph (fv) of this Section 2.06(c) to reimburse the FILO Facility Issuing Lender Bank shall be for the account of such FILO Facility Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Nexeo Solutions, Inc.)

Interim Interest. If the an Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) 2.08 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the such Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Tower International, Inc.)

Interim Interest. If the Issuing Lender LC Issuer shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided that, that if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.09(a), then Section 2.11(c) the Default Rate shall apply. Interest accrued pursuant to this paragraph Section 2.09(i) shall be for the account of the Issuing LenderLC Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fSection 2.09(a) of this Section to reimburse the Issuing Lender LC Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (NuStar Energy L.P.)

Interim Interest. If the Issuing Lender L/C Issuer shall make any LC L/C Disbursement, then, unless the 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 Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided that, if the Borrower fails to reimburse such LC L/C Disbursement when due pursuant to paragraph (fe) of this Section, then from and including the date such reimbursement is due to but excluding the date that the Borrower reimburses such L/C Disbursement, Section 2.11(c2.08(b)(i) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderL/C Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender L/C Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Neustar Inc)

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Interim Interest. If the an Issuing Lender Bank shall make any LC L/C Disbursement, then, unless the Borrower EnergySolutions 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 EnergySolutions reimburses, or is deemed pursuant to the Borrower reimburses last sentence of paragraph (i) of this Section 2.6 to have reimbursed, such LC Disbursement, L/C Disbursement in full at the rate per annum then applicable to ABR Base Rate Revolving Loans; provided that, if the Borrower EnergySolutions fails to reimburse such LC L/C Disbursement when due pursuant to paragraph (fh) or (i) of this SectionSection 2.6, then Section 2.11(c2.7(d) shall apply. Interest accrued pursuant to this paragraph (k) shall be paid to the Administrative Agent, for the account of the applicable Issuing LenderBank, except that in the case of Revolving Letters of Credit, interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fh) of this Section 2.6 to reimburse the applicable Revolving Issuing Lender 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 EnergySolutions reimburses the applicable L/C Disbursement in full.

Appears in 1 contract

Samples: Credit Agreement (EnergySolutions, Inc.)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) 63 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Fourth Amendment (Sinclair Broadcast Group Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Cambrex Corp)

Interim Interest. If the an Issuing Lender Bank shall make any LC L/C Disbursement, then, unless the 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 Borrower reimburses such LC Disbursement, L/C Disbursement at the rate per annum then applicable to ABR Revolving Loans; provided thatprovided, that if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe)(ii) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (fe) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Facility Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Affinion Loyalty Group, Inc.)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR APR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Wilson Greatbatch Technologies Inc)

Interim Interest. If the Issuing Lender shall make any LC ---------------- Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(d) shall apply. ------------- --------------- Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing ------------- Lender shall be for the account of such Revolving Lender to Credit Agreement ---------------- the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans that are Base Rate Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.06, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph (h) shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.06 to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment. Interest accrued under this Section 2.06(h) or Section 2.13(c) (as it relates thereto) shall constitute and form a part of the reimbursement obligations owed by Borrower in respect of such Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Navistar International Corp)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.11(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.. (i)

Appears in 1 contract

Samples: Credit Agreement (Drew Industries Inc)

Interim Interest. If the Issuing Lender shall make any LC ---------------- Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the such Borrower fails to reimburse such LC Disbursement when due -------- pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Griffon Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower for whose account such Letter of Credit was issued 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 such Borrower reimburses such LC DisbursementDisbursement (i) for Letters of Credit issued in Dollars, at the rate per annum then applicable to ABR LoansRevolving Loans and (ii) for Letters of Credit issued in Alternative Currency, the Adjusted LIBO Rate plus the Applicable Margin; provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c) shall 2.11(d)shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Ion Geophysical Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower for whose account such Letter of Credit was issued 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 such Borrower reimburses such LC DisbursementDisbursement (i) for Letters of Credit issued in Dollars, at the rate per annum then applicable to ABR LoansRevolving Loans and (ii) for Letters of Credit issued in Alternative Currency, the Adjusted LIBO Rate plus the Applicable Margin; provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.11(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Ion Geophysical Corp)

Interim Interest. If the Issuing Lender Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (e) of this Section 2.03) or shall be deemed to have reimbursed 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 such Borrower reimburses reimbursed such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans; specified in Section 2.07(a)(i), provided that, if the Borrower such Xxxxxxxx fails to reimburse (including with the proceeds of Revolving Credit Advances as provided in subsection (e) of this Section 2.03) such LC Disbursement when due pursuant to paragraph subsection (fe) of this SectionSection 2.03, then Section 2.11(c2.07(b)(ii) shall apply. Interest accrued pursuant to this paragraph subsection shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph subsection (fe) of this Section 2.03 to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Guarantee Agreement (Rayonier, L.P.)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Joint Venture Agreement (Nextel Partners Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansSyndicated Federal Funds Advances; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Capitalsource Inc)

Interim Interest. If the Issuing Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, and if the Borrowers cannot satisfy the conditions to borrowing set forth herein such that payment of the Reimbursement Obligation resulting from such LC Disbursement cannot be made through the automatic funding of a Base Rate Borrowing, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided PROVIDED that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.4, then interest calculated in accordance with Section 2.11(c2.12(c) shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.4 to reimburse the Issuing Lender purchase a participation interest in an LC Disbursement shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Novamerican Steel Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) 2.07 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Tower Automotive, LLC)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid Page amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(ce) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Griffon Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Lexmark International Group Inc)

Interim Interest. If the Issuing Lender shall make any LC ---------------- Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, -------- if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower Company shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower Company reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Benchmark Electronics Inc)

Interim Interest. If the Issuing Lender Bank shall make any Trade LC Disbursement, then, unless the Borrower shall reimburse such Trade LC Disbursement in full on the date such Trade LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such Trade LC Disbursement is made to but excluding the date that the Borrower reimburses such Trade LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided PROVIDED that, if the Borrower fails to reimburse such Trade LC Disbursement when due pursuant to paragraph (fa)(iv) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fa)(iv) of this Section to reimburse the Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Wright Medical Group Inc)

Interim Interest. If the Applicable Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c) 2.07 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Applicable Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (CDW Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fd) of this Section, then Section 2.11(c2.11(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fd) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Input Output Inc)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans that are Base Rate Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this SectionSection 2.06, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph (h) shall be for the account of the AMENDED AND RESTATED ABL CREDIT AGREEMENT applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section 2.06 to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment. Interest accrued under this Section 2.06(h) or Section 2.13(c) (as it relates thereto) shall constitute and form a part of the reimbursement obligations owed by Borrower in respect of such Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Navistar International Corp)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, that if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.06(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the such Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Velti PLC)

Interim Interest. If the an Issuing Lender Bank shall make any LC L/C Disbursement, then, unless the 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 Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, that if such L/C Disbursement is not reimbursed by the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to paragraph (fe) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Facility Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Generac Holdings Inc.)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Five Year Credit Agreement (Cambrex Corp)

Interim Interest. If the an Issuing Lender Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to (A) in the case of an LC Disbursement denominated in dollars, ABR Revolving Loans, and (B) in the case of an LC Disbursement that is not denominated in dollars, Eurocurrency Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.05(f), then Section 2.11(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent, for the account of the applicable Issuing LenderBank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fSection 2.05(f) of this Section to reimburse the such Issuing Lender Bank shall be for the account of such Revolving Lender to the extent of such paymentpayment and shall be payable within two Business Days of demand or, if no demand has been made, within two Business Days of the date on which the Borrower reimburses the applicable LC Disbursement in full.

Appears in 1 contract

Samples: Collateral Agreement (Pathfinder Acquisition Corp)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection or pursuant to the IRB Letter of Credit Agreement, as the case may be, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: First Omnibus Amendment (Baldor Electric Co)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, (i) for Letters of Credit issued in Dollars, at the rate per annum then applicable to ABR LoansRevolving Loans and (ii) for Letters of Credit issued in an Alternative Currency, the Adjusted LIBO Rate plus the Applicable Margin; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (fe) of this Section, then Section 2.11(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (fe) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Fei Co)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Baldor Electric Co)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided PROVIDED that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this SectionSection 2.10, then clause (x) of the second sentence of Section 2.11(c) 3.02 hereof shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this Section 2.10 to reimburse the Issuing Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Samples: Guarantee Agreement (Journal Register Co)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Year Credit Agreement (Hearst Argyle Television Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.10(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Cdi Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Revolving Credit ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Interim Interest. If the an Issuing Lender shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR LoansBase Rate Advances; provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.07(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the relevant Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the relevant Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (PPG Industries Inc)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, ---------------- then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the such Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, -------- if the such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Griffon Corp)

Interim Interest. If the Issuing Lender shall make any LC Disbursement, then, unless the Borrower Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans; provided that, if the Borrower Borrowers fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c3.02(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Infrastructure Partners L.P.)

Interim Interest. If the any Issuing Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (f) of this Section, then Section 2.11(c2.12(c) shall apply. Interest accrued Credit Agreement pursuant to this paragraph shall be for the account of the relevant Issuing Lender, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (f) of this Section to reimburse the such Issuing Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

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