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 the Borrower has already paid interest, the Agent shall recalculate the interest 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. 4.1.3.1 Any additional interest due from the Borrower shall be paid to the Agent for the account of the Banks on the next date on which an interest payment is due; provided, however, that if there are no Loans outstanding or if no Loans are due and payable, such additional interest shall be paid promptly after receipt of written request for payment from the Agent. 4.1.3.2 Any interest refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest 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 refund not later than five (5) Business Days after written notice from the Agent to the Banks.

Change in Fees or Interest Rates. If the Applicable Margin is increased or reduced with respect to any period for which the Borrower has already paid interest, interest the Agent Bank shall recalculate the additional interest due from or to the Borrower and shall, within fifteen (15) Business Days after the Borrower notifies the Agent Bank of such increase or decrease, give the Borrower and the Banks notice of such recalculation. 4.1.3.1 4.1.4.1 Any additional interest due from the Borrower shall be paid to the Agent for the account of the Banks Bank on the next date on which an interest or fee payment is due; provided, however, that if there are no Loans outstanding or if no the Loans are due and payable, such additional interest shall be paid promptly after receipt of written request for payment from the AgentBank. 4.1.3.2 4.1.4.2 Any interest refund due to the Borrower shall be credited against payments otherwise due from the Borrower on the next interest payment due date or, if the Loans have been repaid and the Banks are Bank is no longer committed to lend under this Agreement, the Banks Bank shall pay the Agent for the account of the Borrower such interest refund not later than five (5) Business Days after written notice from the Agent Borrower to the BanksBank.