Common use of Accrued and Unpaid Interest Clause in Contracts

Accrued and Unpaid Interest. The Borrower shall have paid to the Administrative Agent for the account of the applicable Lenders (i) in respect of the Existing Revolving Loans, (x) all accrued and unpaid interest, (y) all accrued and unpaid Unused Commitment Fees contemplated by Section 1.9(b) of the Existing Credit Agreement and (z) all accrued and unpaid Letter of Credit Fees contemplated by Section 1.9(c) of the Existing Credit Agreement and (ii) in respect of all Initial Term Loans outstanding under the Existing Credit Agreement immediately prior to the Closing Date, all accrued and unpaid interest, in each case of clauses (i) and (ii) to, but not including, the Closing Date. For the purpose of determining satisfaction with the conditions specified in this Section 2.1, each Lender that has signed and delivered this Agreement shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 2.1 unless Agent shall have received written notice from such Lender prior to the Closing Date specifying its objection thereto.