Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation. 4.1.4.1 Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent. 4.1.4.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Banks.
Appears in 3 contracts
Sources: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Commitment Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 4.1.3.1 Any additional interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 4.1.3.2 Any interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the BanksLenders.
Appears in 3 contracts
Sources: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, Commitment Fee or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Commitment Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 4.1.3.1. Any additional interest, Facility Fee, 364-Day Facility Commitment Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Commitment Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 4.1.3.2. Any interest, Facility Fee, 364-Day Facility Commitment Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Commitment Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the BanksLenders.
Appears in 2 contracts
Sources: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, Fee or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation.
4.1.4.1 4.1.3.1 Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 4.1.3.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Banks.
Appears in 2 contracts
Sources: Credit Agreement (New Jersey Resources Corp), Revolving Credit Facility (New Jersey Resources Corp)
Change in Fees or Interest Rates. Any increase or decrease in Applicable Margin due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(c). If the Applicable Margin, Applicable Letter of Credit Fee Rate, Margin or Applicable Facility Fee Rate or Applicable 364-Day Facility Utilization Fee Rate is thereby increased or reduced with respect to any period for which the Borrower has already paid interest, the interest or Facility Fee, the 364-Day Facility Fee, Fees or the Letter of Credit FeeUtilization Fees, the Agent shall recalculate the additional interest, Facility FeeFees, 364-Day Facility Fee or Letter of Credit Fee and Utilization Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 (i) Any additional interest, interest or Facility Fee, 364-Day Facility Fee Fees or Letter of Credit Fee Utilization Fees due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility FeeFees, 364-Day Facility Fee or Letter of Credit Fee and Utilization Fees shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 (ii) Any interest, interest or Facility Fee, 364-Day Facility Fee Fees or Letter of Credit Fee Utilization Fees refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, interest or Facility Fee, 364-Day Facility Fee Fees or Letter of Credit Fee Utilization Fees refund not later than five Business Days after written notice from the Agent to the BanksLenders.
Appears in 2 contracts
Sources: Credit Agreement (Too, Inc.), Credit Agreement (Too Inc)
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Commercial Letter of Credit Fee RatePercentage, Applicable Standby Letter of Credit Fee Percentage, Applicable Facility Fee Rate Percentage or Applicable 364-Day Facility Utilization Fee Rate Percentage is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit FeeFees, Facility Fees or Utilization Fees, the Administrative Agent shall recalculate the additional or lesser interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees, Facility Fees or Utilization Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Administrative Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation.
4.1.4.1 3.1.3.1 Any additional interest, Facility Letter of Credit Fee, 364-Day Facility Fee or Letter of Credit Utilization Fee due from the Borrower shall be paid to the Administrative Agent for the account of the Banks on the next date on which an interest interest, Letter of Credit Fee, Facility Fee or fee Utilization Fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Letter of Credit Fee, 364-Day Facility Fee or Letter of Credit Utilization Fee shall be paid promptly not later than five (5) Business Days after receipt of written request for payment from the Administrative Agent.
4.1.4.2 3.1.3.2 Any interest, Facility Letter of Credit Fee, 364-Day Facility Fee or Letter of Credit Utilization Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest interest, Letter of Credit Fee, Facility Fee or fee Utilization Fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay to the Administrative Agent for the account of the Borrower such interest, Facility Letter of Credit Fee, 364-Day Facility Fee or Letter of Credit Utilization Fee refund not later than five (5) Business Days after written notice from the Administrative Agent to the Banks.
Appears in 1 contract
Sources: Credit Agreement (Big Lots Inc)
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate Margin or Applicable 364-Day Facility Fee Rate Amount is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit FeeFees or Commitment Fees, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees or Commitment Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fees or Commitment Fee due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest interest, Letter of Credit Fees or fee payment is due; provided, however, that if there are no Loans -------- ------- outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fees or Commitment Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fees or Commitment Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fees or Commitment Fee refund not later than five Business Days after written notice from the Agent to the BanksLenders.
Appears in 1 contract
Sources: Credit Agreement (Ii-Vi Inc)
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Commercial Letter of Credit Fee RatePercentage, Applicable Standby Letter of Credit Fee Percentage or Applicable Facility Fee Rate or Applicable 364-Day Facility Fee Rate Percentage is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit FeeFees or Facility Fees, the Administrative Agent shall recalculate the additional or lesser interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees or Facility Fees due from or to the Borrower and shall, within fifteen at least five (155) Business Days prior to next subsequent interest payment date occurring after the Borrower notifies the Administrative Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation.
4.1.4.1 3.1.3.1 Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Facility Fee due from the Borrower shall be paid to the Administrative Agent for the account of the Banks on the next date on which an interest interest, Letter of Credit Fee or fee Facility Fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Facility Fee shall be paid promptly not later than five (5) Business Days after receipt of written request for payment from the Administrative Agent.
4.1.4.2 3.1.3.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Facility Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest interest, Letter of Credit Fee or fee Facility Fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay to the Administrative Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Facility Fee refund not later than five (5) Business Days after written notice from the Administrative Agent to the Banks.
Appears in 1 contract
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation.
4.1.4.1 4.1.3.1 Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 4.1.3.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Banks.
Appears in 1 contract
Sources: Revolving Credit Facility (New Jersey Resources Corp)
Change in Fees or Interest Rates. Any increase or decrease in Applicable Margin due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(d). If the Applicable Margin, Applicable Letter of Credit Fee Rate, Margin or Applicable Facility Fee Rate or Applicable 364-Day Facility Fee Rate is thereby increased or reduced with respect to any period for which the Borrower has already paid interest, the interest or Facility Fee, the 364-Day Facility Fee, or the Letter of Credit FeeFees, the Agent shall recalculate the additional interest, and Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 (i) Any additional interest, interest or Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, interest and Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 (ii) Any interest, interest or Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, interest or Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees refund not later than five (5) Business Days after written notice from the Agent to the BanksLenders.
Appears in 1 contract
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, the Applicable Facility Fee Rate or the Applicable 364-Day Facility Letter of Credit Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, Fees or the Letter of Credit FeeFees, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee Fees or Letter of Credit Fee Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation.
4.1.4.1 Any additional interest, Facility Fee, 364-Day interest or Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the no Loans are due and payable, such additional interest, Facility Fee, 364-Day or Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the Banks.
Appears in 1 contract
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate Percentage or Applicable 364-Day Facility Commitment Fee Rate Percentage is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit FeeFees or Commitment Fees, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees or Commitment Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks notice of such recalculation.
4.1.4.1 3.1.3.1 Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Commitment Fee due from the Borrower shall be paid to the Agent for the account of the Banks on the next date on which an interest interest, Letter of Credit Fee or fee Commitment Fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Commitment Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 3.1.3.2 Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Commitment Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest interest, Letter of Credit Fee or fee Commitment Fee payment due date or, if the Loans have been repaid and the Banks are no longer committed to lend under this Agreement, the Banks shall pay to the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee or Commitment Fee refund not later than five (5) Business Days after written notice from the Agent to the Banks.
Appears in 1 contract
Change in Fees or Interest Rates. If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Commitment Fee Rate is increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Commitment Fee, or the Letter of Credit Fee, the Agent shall recalculate the additional interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 4.1.3.1 Any additional interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ payable, such additional interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 4.1.3.2 Any interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, Facility Commitment Fee, 364-Day Facility Fee or Letter of Credit Fee refund not later than five Business Days after written notice from the Agent to the BanksLenders.
Appears in 1 contract
Change in Fees or Interest Rates. Any increase or decrease in Applicable Facility Fee due to an increase or decrease in the Leverage Ratio Level after the Closing Date shall be effective on the first calendar day following the date on which the Compliance Certificate evidencing the computation of such Leverage Ratio Level is due to be delivered under Section 7.03(d). If the Applicable Margin, Applicable Letter of Credit Fee Rate, Applicable Facility Fee Rate or Applicable 364-Day Facility Fee Rate is thereby increased or reduced with respect to any period for which the Borrower has already paid interest, the Facility Fee, the 364-Day Facility Fee, or the Letter of Credit FeeFees, the Agent shall recalculate the additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent of such increase or decrease, give the Borrower and the Banks Lenders notice of such recalculation.
4.1.4.1 (i) Any additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees due from the Borrower shall be paid to the Agent for the account of the Banks Lenders on the next date on which an interest or a fee payment is due; provided, however, that if there are no Loans outstanding or if the Loans are due and payable, such additional interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees shall be paid promptly after receipt of written request for payment from the Agent.
4.1.4.2 (ii) Any interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest or fee payment due date or, if the Loans have been repaid and the Banks Lenders are no longer committed to lend under this Agreement, the Banks Lenders shall pay the Agent for the account of the Borrower such interest, Facility Fee, 364-Day Facility Fee or Letter of Credit Fee Fees refund not later than five (5) Business Days after written notice from the Agent to the BanksLenders.
Appears in 1 contract