Common use of Change in Fees or Interest Rates Clause in Contracts

Change in Fees or Interest Rates. If the Applicable Margin is increased or reduced with respect to any period for which a Borrower has already paid interest or Commitment Fees, the Agent shall recalculate the interest or Commitment Fees due from or payable to such Borrower and shall give such Borrower and the Lenders written notice of such recalculation not later than fifteen (15) Business Days after written notice from the Agent to the Borrowers of such increase or decrease. 3.1.3.1 Any additional interest or Commitment Fee due from a Borrower shall be paid to the Agent for the account of the 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 or Commitment Fee shall be paid promptly after receipt of written request for payment from the Agent.