Common use of Interim Interest Clause in Contracts

Interim Interest. If an Issuing 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 and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 17 contracts

Sources: Credit Agreement (Roku, Inc), Credit Agreement (ExlService Holdings, Inc.), Credit Agreement (Integral Ad Science Holding Corp.)

Interim Interest. If an the Issuing 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 and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 15 contracts

Sources: Credit Agreement (CompoSecure, Inc.), Credit Agreement (Potbelly Corp), Credit Agreement (F45 Training Holdings Inc.)

Interim Interest. If an the Issuing 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 Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 12 contracts

Sources: Credit Agreement (Rivian Automotive, Inc. / DE), Credit Agreement (Rivian Automotive, Inc. / DE), Credit Agreement (Rivian Automotive, Inc. / DE)

Interim Interest. If an the Issuing 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 Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 12 contracts

Sources: Credit Agreement (Ugi Corp /Pa/), Limited Waiver and Fourth Amendment to Third Amended and Restated Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Ugi Corp /Pa/)

Interim Interest. If an the Issuing 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 CBFR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 11 contracts

Sources: Credit Agreement (Opko Health, Inc.), Credit Agreement (Highland Transcend Partners I Corp.), Credit Agreement (Opko Health, Inc.)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 9 contracts

Sources: Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Credit Agreement (Kimball International Inc), Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Interim Interest. If an Issuing 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 Borrower (or any other account party) reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on under the date when such reimbursement is dueapplicable Revolving Facility; provided, provided that, if the a Borrower fails to reimburse (or cause another account party to reimburse) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.11(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 applicable Issuing Bank, Bank making such LC Disbursement except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e)(ii) of this Section 2.06 to reimburse such an Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 8 contracts

Sources: Credit Agreement, Credit Agreement (Aramark), Incremental Amendment (Aramark)

Interim Interest. If an the Issuing 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 Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 7 contracts

Sources: Credit Agreement (Wellcare Health Plans, Inc.), Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Almost Family Inc)

Interim Interest. If an the Issuing 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 Eurocurrency Loans and such interest shall be payable on the date when such reimbursement is duehaving an Interest Period of one month’s duration; provided, provided that, if the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to clause paragraph (ef) of this Section 2.06Section, then the provisions of Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 7 contracts

Sources: Senior Secured Revolving Credit Agreement (Barings Capital Investment Corp), Revolving Credit Agreement (Barings Capital Investment Corp), Senior Secured Revolving Credit Agreement (First Eagle Alternative Capital BDC, Inc.)

Interim Interest. If an the applicable Issuing 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, Disbursement at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be paid to the Administrative Agent for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (e) of this Section 2.06 2.05 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 6 contracts

Sources: Credit Agreement (Krispy Kreme, Inc.), Incremental Assumption Agreement and Amendment No. 1 to Credit Agreement (Krispy Kreme, Inc.), Master Amendment (Krispy Kreme, Inc.)

Interim Interest. If an the Issuing Bank Bank(s) 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 Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.04, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing BankBank(s), except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.04 to reimburse such Issuing Bank Bank(s) shall be for the account of such Lender to the extent of such payment.

Appears in 6 contracts

Sources: Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp)

Interim Interest. If an Issuing Bank shall make any LC DisbursementDisbursement with respect to a Letter of Credit is made, 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 and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.11A, then Section 2.13(c) 2.2D shall apply. Interest With respect to any Fronted Letter of Credit, interest accrued pursuant to this paragraph shall be for the account of the applicable relevant Fronted LC Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 2.11C to reimburse such LC Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 5 contracts

Sources: Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the 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 Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 5 contracts

Sources: Credit Agreement (GLOBAL INDUSTRIAL Co), Credit Agreement (GLOBAL INDUSTRIAL Co), Credit Agreement (Haynes International Inc)

Interim Interest. If an Issuing Bank the L/C Issuer for any standby Letter of Credit shall make any LC L/C Disbursement, then, unless the Borrower Borrowers shall jointly and severally 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 Borrowers reimburse such LC L/C Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, that, provided that if the Borrower fails Borrowers fail to reimburse such LC L/C Disbursement when due pursuant to clause (ef) of this Section 2.062.16, then Section 2.13(c2.08(b) shall apply. Interest accrued pursuant to this paragraph clause (p) shall be for the account of the applicable Issuing Banksuch L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (ef) of this Section 2.06 2.16 to reimburse such Issuing Bank L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 5 contracts

Sources: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.)

Interim Interest. If an Issuing Bank the 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 and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (ed) of this Section 2.06Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such paymentLender.

Appears in 5 contracts

Sources: Credit Agreement (WaterBridge Infrastructure LLC), Credit Agreement (SJW Group), Credit Agreement (SJW Group)

Interim Interest. If an the Issuing 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 (whether with the proceeds of a Revolving Loan or otherwise), 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 and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.13(e), then Section 2.13(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.13(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Ratification and Amendment Agreement (Cenveo, Inc), Credit Agreement (Cenveo, Inc), Abl Credit Agreement

Interim Interest. If an any Issuing 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 Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/)

Interim Interest. If an the Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, 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 and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.4, then interest calculated in accordance with Section 2.13(c2.12(c) shall applyaccrue on the unpaid amount thereof. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Credit Agreement (Affinity Group Inc), Credit Agreement (Affinity Group Holding, Inc.), Credit Agreement (Affinity Group Holding Inc)

Interim Interest. If an the Issuing Bank 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 Alternative Currency Revolving Loans denominated in Dollars which are ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.063.5, then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph Section shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Alternative Currency Revolving Lender pursuant to clause (e) of this Section 2.06 3.5 to reimburse such the Issuing Bank Lender shall be for the account of such Alternative Currency Revolving Lender to the extent of such payment.

Appears in 4 contracts

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

Interim Interest. If an the applicable Issuing 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 Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Funding Agent, on behalf of its Lender Group, pursuant to clause (e) of this Section 2.06 2.4 to reimburse such Issuing Bank shall be for the account of such Funding Agent for distribution to its Lender Group to the extent of such payment.

Appears in 4 contracts

Sources: u.s. Receivables Loan Agreement (Huntsman International LLC), u.s. Receivables Loan Agreement, u.s. Servicing Agreement, u.s. Receivables Purchase Agreement (Huntsman International LLC), u.s. Receivables Loan Agreement, u.s. Servicing Agreement, u.s. Receivables Purchase Agreement (Huntsman International LLC)

Interim Interest. If an any Issuing 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 Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 4 contracts

Sources: Credit Agreement (Sprouts Farmers Market, Inc.), Credit Agreement (Sprouts Farmers Market, Inc.), Credit Agreement (LHC Group, Inc)

Interim Interest. If an Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date Borrower receives notice that such LC Disbursement is was 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 and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement within three (3) days when due pursuant to clause (e) of this Section 2.061.4(6), then Section 2.13(c) 9.1 shall apply. Interest accrued pursuant to this paragraph section shall be for the account of the applicable Issuing BankLender, except that a pro rata portion of the interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 1.4(5) of this Section 2.06 to reimburse such an Issuing Bank Lender shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)

Interim Interest. If an any Issuing 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 CBFR Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Kodiak Gas Services, Inc.), Credit Agreement (Kodiak Gas Services, Inc.), Credit Agreement (Kodiak Gas Services, Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit 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 equal to the rate per annum then applicable to Revolving Credit ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such applicable LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Interim Interest. If an Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 3 contracts

Sources: Credit Agreement (MasterBrand, Inc.), Credit Agreement (MasterBrand, Inc.), Credit Agreement (MasterBrand, Inc.)

Interim Interest. If an Issuing 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 and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 3 contracts

Sources: Incremental Facility Amendment (Jamf Holding Corp.), Credit Agreement (Jamf Holding Corp.), Incremental Facility Amendment (Jamf Holding Corp.)

Interim Interest. If an any Issuing 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 Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Tranche A Revolving Loans and such interest shall be payable on the date when such reimbursement is duethat are Base Rate Loans; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due and payable pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

Interim Interest. If an Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Fortune Brands Home & Security, Inc.), Credit Agreement (Fortune Brands Home & Security, Inc.)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Indus Realty Trust, Inc.), Credit Agreement (Indus Realty Trust, Inc.)

Interim Interest. If an the Issuing 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 reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans Loans, and such interest shall be is due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (ANTERO RESOURCES Corp), Credit Agreement (ANTERO RESOURCES Corp)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(b) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Solaris Oilfield Infrastructure, Inc.), Credit Agreement (Solaris Oilfield Infrastructure, Inc.)

Interim Interest. If an any Issuing 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 Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due and payable pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.)

Interim Interest. If an Issuing 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 and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Keurig Dr Pepper Inc.), Credit Agreement (Keurig Dr Pepper Inc.)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Borrower US Borrowers shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses US Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails US Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.6(e), then Section 2.13(c2.13(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any US Revolving Lender pursuant to clause (eSection 2.6(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Stewart & Stevenson LLC), Credit Agreement (Stewart & Stevenson Funding Corp.)

Interim Interest. If an the Issuing Bank Lender shall make any LC Disbursement, then, unless the Borrower Borrowers 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 Borrowers reimburse such LC Disbursement, Disbursement at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is duespecified in Section 6.08(a); provided, provided that, if the Borrower fails Borrowers fail to reimburse (including with the proceeds of Loans as provided in Section 4.01(e)) such LC LC, Disbursement when due pursuant to clause paragraph (e) of this Section 2.064.01, then Section 2.13(c6.08(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any U.S. Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 4.01 to reimburse such the Issuing Bank Lender shall be for the account of such U.S. Revolving Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Zimmer Holdings Inc), Revolving Credit and Term Loan Agreement (Zimmer Holdings Inc)

Interim Interest. If an any Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

Sources: Credit Agreement (Kirby Corp), Credit Agreement (Kirby Corp)

Interim Interest. If an Issuing Bank the L/C Issuer for any Letter of Credit shall make any LC L/C Disbursement, then, unless the applicable 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 such Borrower reimburses such LC L/C Disbursement, at the rate per annum then applicable to ABR Loans and Base Rate Revolving Credit Loans; provided that if such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC L/C Disbursement when due pursuant to clause (ef) of this Section 2.062.03, then Section 2.13(c2.08(b) shall apply. Interest accrued pursuant to this paragraph clause (m) shall be for the account of the applicable Issuing Banksuch L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (ef) of this Section 2.06 2.03 to reimburse such Issuing Bank L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 2 contracts

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

Interim Interest. If an the applicable Issuing 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 Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Committed Lender pursuant to clause (e) of this Section 2.06 2.4 to reimburse such Issuing Bank shall be for the account of such Committed Lender to the extent of such payment.

Appears in 1 contract

Sources: u.s. Receivables Loan Agreement (Huntsman CORP)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when ​ ​ ​ ​ due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Aris Water Solutions, Inc.)

Interim Interest. If an any Issuing 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 (whether directly or through a Loan), 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 and such interest shall be payable on the date when such reimbursement is dueRevolving Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement (whether directly or through a Loan) when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Par Pharmaceutical Companies, Inc.)

Interim Interest. If an Issuing Bank 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 a rate per annum (computed in accordance with Section 2.07(a)) equal to the rate then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.03(e), then Section 2.13(c2.07(b) shall apply. Interest accrued pursuant to this paragraph Section 2.03(h) shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any LC Lender pursuant to clause (eSection 2.03(e) of this Section 2.06 to reimburse such Issuing Bank LC Issuer shall be for the account of such LC Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Spectrum Brands, Inc.)

Interim Interest. If an Issuing 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 and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c2.13(cd) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Align Technology Inc)

Interim Interest. If an the Issuing 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 Interest Rate otherwise applicable to ABR Loans and Loans, payable when the reimbursement of such interest shall be payable on the date when such reimbursement LC Disbursement is duepayable; provided, provided that, if the Borrower Company fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.4 (whether because of the failure to satisfy any condition set forth herein or otherwise), then Section 2.13(c) the Default Rate of interest shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Committed Lender pursuant to clause (e) of this Section 2.06 2.4 to reimburse such the Issuing Bank shall be for the account of such Committed Lender to the extent of such payment.

Appears in 1 contract

Sources: u.s. Receivables Loan Agreement (Huntsman CORP)

Interim Interest. If an any Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the applicable Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Kirby Corp)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)

Interim Interest. If an the Issuing 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 Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c) 2.13 shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Lucid Group, Inc.)

Interim Interest. If an the Issuing Bank for any Letter of Credit shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on or before the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the applicable Borrower fails to reimburse such LC Disbursement when due pursuant to clause (eSection 2.11(f) of this Section 2.06hereof, then the second and third sentences of Section 2.13(c) 3.02 hereof shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender Bank pursuant to clause (eSection 2.11(e) of this Section 2.06 hereof to reimburse such Issuing Bank shall be for the account of such Lender Bank to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Pitney Bowes Inc /De/)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Base Rate Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.04(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Aris Water Solutions, Inc.)

Interim Interest. If an any Issuing 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 Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(e) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (e) of this Section 2.06 2.13 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Resolute Forest Products Inc.)

Interim Interest. If an Issuing Bank Lender 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 Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Borrowings; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.5(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.5(j) shall be for the account of the applicable Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (eSection 2.5(e) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Wayne Farms, Inc.)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower U.S. 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 U.S. Borrowers reimburse such LC Disbursement, at the rate per annum then applicable to U.S. Revolving Loans maintained as ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, that, provided that if the Borrower fails U.S. Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.05, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable respective Issuing Bank, except that interest accrued on and after the date of payment by any U.S. Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.05 to reimburse such Issuing Bank shall be for the account of such U.S. Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Intertape Woven Products Services S.A. De C.V.)

Interim Interest. If an any Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, payable; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing BankBanks, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank Banks shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Masimo Corp)

Interim Interest. If an Issuing Bank 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 a rate per annum (computed in accordance with Section 2.09(a)) equal to the rate then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.03(e), then Section 2.13(c2.09(b) shall apply. Interest accrued pursuant to this paragraph Section 2.03(h) shall be for the account of the applicable Issuing BankLC Issuer, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.03(e) of this Section 2.06 to reimburse such Issuing Bank LC Issuer shall be for the account of such Revolving Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Spectrum Brands, Inc.)

Interim Interest. If an any Issuing 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 and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Ethan Allen Interiors Inc)

Interim Interest. If an Issuing Bank the L/C Issuer for any standby Letter of Credit shall make any LC DisbursementLetter of Credit disbursement, then, unless the Borrower shall reimburse such LC Disbursement Letter of Credit disbursement in full on the date such LC Disbursement Letter of Credit disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement Letter of Credit disbursement is made to but excluding the date that the Borrower reimburses such LC DisbursementLetter of Credit disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Loans; provided, that, if the Borrower fails to reimburse such LC Disbursement Letter of Credit disbursement when due pursuant to clause (ef) of this Section 2.062.03, then Section 2.13(c2.08(b) shall apply. Interest accrued pursuant to this paragraph clause (p) shall be for the account of the applicable Issuing Banksuch L/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (ef) of this Section 2.06 2.03 to reimburse such Issuing Bank L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Apogee Enterprises, Inc.)

Interim Interest. If an the LC Issuing Bank Lender shall make any LC DisbursementDisbursement in respect of any Letter of Credit, 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 and such interest shall be payable on the date when such reimbursement is dueRevolving Credit Base Rate Loans; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.04, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable LC Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause paragraph (e) of this Section 2.06 2.04 to reimburse such the LC Issuing Bank Lender shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Nl Industries Inc)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, that, provided that if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Berry Corp (Bry))

Interim Interest. If an any Issuing 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 Relevant Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Rate Loans, as applicable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.13(e), then Section 2.13(c2.06(f) shall apply. Interest accrued pursuant to this paragraph clause (h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.13(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Resolute Forest Products Inc.)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.14(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)

Interim Interest. If an the Issuing 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 reimburse such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.2(d), then interest shall accrue at the default rate pursuant to Section 2.13(c) shall apply2.5(b). Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.2(d) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Loan and Security Agreement (Trupanion Inc.)

Interim Interest. If an the Issuing Bank Lender for any Letter of Credit 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 Revolving Credit ABR Loans and such interest shall be payable on the date when such reimbursement is dueLoans; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(f), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(i) shall be for the account of the applicable such Issuing BankLender, except that interest accrued on and after the date of payment by any Revolving Credit Lender pursuant to clause (eSection 2.05(f) of this Section 2.06 to reimburse such Issuing Bank Lender shall be for the account of such Revolving Credit Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Geo Group Inc)

Interim Interest. If an Issuing 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 and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Ping Identity Holding Corp.)

Interim Interest. If an the Issuing 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, reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.08(e), then Section 2.13(c3.02(c) shall apply. Interest accrued pursuant to this paragraph Section 2.08(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.08(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Contango Oil & Gas Co)

Interim Interest. If an a Letter of Credit Issuing Bank shall make any LC DisbursementDrawing Payment, then, unless the Borrower shall reimburse such LC Disbursement Drawing Payment in full on the date such LC Disbursement Drawing Payment is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement Drawing Payment is made to but excluding the date that the Borrower reimburses such LC DisbursementDrawing Payment in full, at a rate equal to the rate Base Rate, in effect from time to time, plus the Applicable Margin for Base Rate Loans plus 0.25% per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueannum; provided, provided that, if the Borrower fails to reimburse such LC Disbursement Drawing Payment when due pursuant to clause (eSection 2.4(d)(iv) of this Section 2.06through the conversion to an LC Loan or otherwise, then Section 2.13(csuch overdue amount shall bear additional interest (after as well as before judgment) shall applyat a rate equal to 2% per annum. Interest accrued pursuant to this paragraph shall be for the account of the applicable Letter of Credit Issuing Bank, except that provided that, for the avoidance of doubt, any interest accrued in accordance with Section 2.5 on and after the date of payment by any LC Lender pursuant to clause (eSection 2.4(d)(iii) of this Section 2.06 to reimburse such Letter of Credit Issuing Bank shall be for the account of such LC Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Macquarie Infrastructure Corp)

Interim Interest. If an any Issuing 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 and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Tetra Technologies Inc)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative 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 Administrative Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Revolving Loans; provided, provided that, if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(e), then Section 2.13(c2.12(c) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.05(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Stonemor Partners Lp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, ----------------- then, unless the U.S. 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 U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving Dollar Loans; provided, provided that, if the U.S. Borrower fails to reimburse such LC -------- Disbursement when due pursuant to clause paragraph (ef) of this Section 2.06, then Section 2.13(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Dollar Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving Dollar Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Crown Holdings Inc)

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement Dis- bursement 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 Dis- bursement is made to but excluding the date that the Borrower (or any other account party) reimburses such LC Disbursement, at the rate per annum then applicable to ABR Base Rate Revolving Loans and such interest shall be payable on under the date when such reimbursement is dueapplicable Revolving Facility; provided, provided that, if the a Borrower fails to reimburse (or cause another account party to ▇▇▇▇- ▇▇▇▇▇) such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(e), then Section 2.13(c2.11(c) shall applyapply from such due date until such reimbursement is made. Interest Inter- est accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, Bank making such LC Disbursement except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.04(e)(ii) of this Section 2.06 to reimburse such an Issuing Bank shall be for the account of such Lender to the extent of such paymentpay- ment.

Appears in 1 contract

Sources: Credit Agreement (Aramark)

Interim Interest. If an the Issuing 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 Borrower reimburses such LC Disbursementreimbursement is due and payable, at the rate per annum then applicable to ABR Loans and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the such Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.04(f), then Section 2.13(c2.11(d) shall apply. Interest accrued pursuant to this paragraph Section 2.04(i) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.04(e) of this Section 2.06 to reimburse such the Issuing Bank for such LC Disbursement shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Principal Credit Real Estate Income Trust)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the Administrative 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 Administrative Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueBase Rate Tranche A Revolving Loans; provided, provided that, if the Administrative Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.05(e), then Section 2.13(c2.12(cd) shall apply. Interest accrued pursuant to this paragraph Section 2.05(h) shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Tranche A Revolving Lender pursuant to clause (eSection 2.05(e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Stonemor Partners Lp)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the U.S. 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 U.S. Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans and such interest shall be payable on the date when such reimbursement is dueRevolving LC Loans; provided, provided that, if the U.S. Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (ef) of this Section 2.06, then Section 2.13(c2.08(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving LC Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Revolving LC Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Crown Holdings Inc)

Interim Interest. If an Issuing Bank the L/C Issuer for any standby Letter of Credit 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 and such interest shall be payable on the date when such reimbursement is dueBase Rate 13813663v6 Loans; provided, that, provided that if the Borrower fails to reimburse such LC L/C Disbursement when due pursuant to clause (ef) of this Section 2.062.03, then Section 2.13(c2.08(b) shall apply. Interest accrued pursuant to this paragraph clause (o) shall be for the account of the applicable Issuing BankL/C Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (ef) of this Section 2.06 2.03 to reimburse such Issuing Bank the L/C Issuer shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Cavco Industries Inc.)

Interim Interest. If an any Issuing 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 and such interest shall be due and payable on the date when such reimbursement is duepayable; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c2.13(df) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Tetra Technologies Inc)

Interim Interest. If an the Issuing 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 Eurocurrency Loans and such interest shall be payable on the date when such reimbursement is duehaving an Interest Period of one month’s duration; provided, provided that, if the Borrower fails to reimburse such LC Disbursement within two Business Days following the date when due pursuant to clause paragraph (ef) of this Section 2.06Section, then the provisions of Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to clause paragraph (ef) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment. ▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇▇▇▇▇▇ US\20318313.19

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

Interim Interest. If an the Issuing Bank shall make makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will 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 CBFR Revolving Loans and such interest shall will be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause will be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such the Issuing Bank shall will be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Allbirds, Inc.)

Interim Interest. If an the Issuing 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 Revolving Loans and such interest shall be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Clarus Corp)

Interim Interest. If an the Issuing 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 and such interest shall be due and payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.06Section, then Section 2.13(c2.11(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (SEACOR Marine Holdings Inc.)

Interim Interest. If an the Issuing Bank shall make makes any LC Disbursement, then, unless the Borrower shall Borrowers reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall will 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 Revolving Loans and such interest shall will be payable on the date when such reimbursement is due; provided, provided that, if the Borrower fails Borrowers fail to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.062.06(e), then Section 2.13(c2.13(d) shall will apply. Interest accrued pursuant to this paragraph shall clause will be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause (eSection 2.06(e) of this Section 2.06 to reimburse such the Issuing Bank shall will be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Francesca's Holdings CORP)

Interim Interest. If an the Issuing Bank shall make any LC Disbursement, then, unless the applicable Lead Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Lead Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR U.S. Base Rate Loans and such interest shall be payable on the date when such reimbursement is dueor Canadian Prime Rate Loans, as applicable; provided, thatprovided that , if the applicable Lead Borrower fails to reimburse such LC Disbursement when due pursuant to clause paragraph (e) of this Section 2.062.13, then Section 2.13(c2.06(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to clause paragraph (e) of this Section 2.06 2.13 to reimburse such the Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Abl Credit Agreement (Performance Sports Group Ltd.)

Interim Interest. If an Issuing 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 and such interest shall be payable on the date when such reimbursement is due; provided, that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to clause (e) of this Section 2.06, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any |US-DOCS\159511341907.1259.8|| Lender pursuant to clause (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

Appears in 1 contract

Sources: Credit Agreement (Integral Ad Science Holding Corp.)