Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent any portion of such Letter or Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateral, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).
Appears in 6 contracts
Sources: Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Holdings, Inc.), Credit Agreement (Amc Entertainment Inc)
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees relating to such Defaulting Lender’s unused Commitments accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender2.23(a), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent that all or any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has or is not provided cash collateralcollateralized pursuant to Section 2.23(b), such fees will instead accrue for the benefit of and be payable to the relevant Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.15 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.06(e)), and (iii) in no event shall the Borrowers be required to pay any Facility Fee that otherwise would have been required to have been paid to any Lender during such period such Lender is a Defaulting Lender.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Howmet Aerospace Inc.), Credit Agreement (Howmet Aerospace Inc.), Revolving Credit Agreement (Howmet Aerospace Inc.)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees)) and, subject to the immediately following proviso, the Borrower shall not be required to pay any such fees that otherwise would have been required to have been paid to that Defaulting Lender; provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.19(a)(i) (Reallocation of Defaulting Lender Commitments) to the Non-Defaulting Lenders Lenders, the fee accruing during such period pursuant to Section 2.18(aclause (b) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender above will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Credit Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Loan Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).
Appears in 4 contracts
Sources: Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp)
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, but subject to Section 9.26, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees relating to such Defaulting Lender’s unused Commitments accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a2.23(a) (“Reallocation of Defaulting LenderLender Commitment”), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent that all or any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has is not provided cash collateralcollateralized pursuant to Section 2.23(a) (“Reallocation of Defaulting Lender Commitment”), such fees will will, without prejudice to any rights or remedies of any Issuer or any Lender hereunder, instead accrue for the benefit of and be payable to the relevant Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.15 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(cparagraph), and (iii) (Fees))in no event shall the Borrower be required to pay any Commitment Fee in respect of the Commitments of a Defaulting Lender that otherwise would have been required to have been paid to such Lender during such period such Lender is a Defaulting Lender.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Alcoa Corp), Revolving Credit Agreement (Alcoa Upstream Corp), Revolving Credit Agreement (Alcoa Upstream Corp)
Defaulting Lender Fees. Notwithstanding anything herein Subject to Section 2.08(l):
(i) No Defaulting Lender shall be entitled to receive any Defaulting Lender’s ratable share of the contrary, fees described in Section 3.05(a) for any period during such period as a which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).
(ii) Each Defaulting Lender shall be entitled to receive such Defaulting Lender’s ratable share of the fees described in Section 3.05(b) for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided cash collateral pursuant to Section 2.08(j).
(iii) With respect to any fee not required to be paid to any Defaulting Lender pursuant to clause (i) or (ii) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender will not be entitled with respect to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders Lender’s participation in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter Letters of Credit Obligations or Swing Loans of such Defaulting Lender is hereunder that has been reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting LendersLender pursuant to Section 2.08(l)(iii), pro rata in accordance with their respective Commitments(y) pay to each Issuing Bank the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (iiz) to the extent any portion of such Letter or Credit Obligations or Swing Loans cannot be so reallocated and required to pay the Borrower has not provided cash collateral, remaining amount of any such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees))fee.
Appears in 3 contracts
Sources: Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a if any Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above above, in each case with respect to the entire accrual period with respect to such fees (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion ratable portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.16(a)(i) to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender)Lenders, such the fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer Issuing Bank and the Swing Loan Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.11 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.05(c)).
Appears in 3 contracts
Sources: Credit Agreement (FMC Corp), Credit Agreement (FMC Corp), Credit Agreement (FMC Corp)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a if any Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above above, in each case with respect to the entire accrual period with respect to such fees (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion ratable portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.13(a)(i) to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender)Lenders, such the fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender Issuing Bank as their its interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.09 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.03(c)).
Appears in 3 contracts
Sources: Credit Agreement (Livent Corp.), Credit Agreement (Livent Corp.), Credit Agreement (Livent Corp.)
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided, provided that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender2.20(a), such fees that would have accrued pursuant to clause (b) for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralCash Collateral, such fees pursuant to clause (b) will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).
Appears in 2 contracts
Sources: Credit Agreement (Agilon Health, Inc.), Credit Agreement (Agilon Health, Inc.)
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees relating to such Defaulting Lender’s unused Commitments accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender2.23(a), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent that all or any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has or is not provided cash collateralcollateralized pursuant to Section 2.23(b), such fees will instead accrue for the benefit of and be payable to the relevant Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.15 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.06(e)), and (iii) in no event shall the Borrowers be required to pay any Facility Fee that otherwise would have been required to have been paid to any Lender during such period such Lender is a Defaulting Lender.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Alcoa Inc), Revolving Credit Agreement (Alcoa Inc)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a if any Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above above, in each case with respect to the entire accrual period with respect to such fees (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion ratable portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.13(a)(i) to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender)Lenders, such the fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii4) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender Issuing Bank as their its interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.09 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.03(c)).
Appears in 2 contracts
Sources: Credit Agreement (Livent Corp.), Credit Agreement (Arcadium Lithium PLC)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a if any Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above above, in each case with respect to the entire accrual period with respect to such fees (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, provided that (i) to the extent that a Ratable Portion ratable portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.16(a)(i) to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender)Lenders, such the fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective CommitmentsCommitments after giving effect to such reallocation, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).Issuing Banks and
Appears in 1 contract
Sources: Credit Agreement (FMC Corp)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.19(a)(i) (Reallocation of Defaulting Lender Commitments) to the Non-Defaulting Lenders Lenders, the fee accruing during such period pursuant to Section 2.18(aclause (b) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender above will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Credit Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Loan Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).. AMENDED AND RESTATED CREDIT AGREEMENT ▇▇▇▇▇ HEALTHCARE CORPORATION
Appears in 1 contract
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a if any Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above above, in each case with respect to the entire accrual period with respect to such fees (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, provided that (i) to the extent that a Ratable Portion ratable portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.16(a)(i) to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender)Lenders, such the fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective CommitmentsCommitments after giving effect to such reallocation, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer Issuing Banks and the Swing Lender Loan Lenders as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) 2.11 will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.05(c)).. FIFTH AMENDED AND RESTATED CREDIT AGREEMENT FMC CORPORATION 38 (d)
Appears in 1 contract
Sources: Credit Agreement (FMC Corp)
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.19(a)(i) (Reallocation of Defaulting Lender Commitments) to the Non-Defaulting Lenders Lenders, the fee accruing during such period pursuant to Section 2.18(aclause (b) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender above will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Credit Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Loan Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).. AMENDED AND RESTATED CREDIT AGREEMENT T▇▇▇▇ HEALTHCARE CORPORATION
Appears in 1 contract
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees)) and, subject to the immediately following proviso, the Borrower shall not be required to pay any such fees that otherwise would have been required to have been paid to that Defaulting Lender; provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.19(a)(i) (Reallocation of Defaulting Lender Commitments) to the Non-Defaulting Lenders Lenders, the fee accruing AMENDED AND RESTATED CREDIT AGREEMENT ▇▇▇▇▇ HEALTHCARE CORPORATION during such period pursuant to Section 2.18(aclause (b) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender above will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Credit Commitments, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Loan Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).
Appears in 1 contract
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a4.25(e) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent any portion of such Letter or Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateral, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 4.20 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c4.19(g) (Fees)).
Appears in 1 contract
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) ), and (b) above (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); provided, that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting CREDIT AGREEMENT JOHNSONDIVERSEY, INC. Lenders pursuant to Section 2.18(a2.20(a) (Defaulting Lender), such fees that would have accrued pursuant to clause (b) for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Commitments, and (ii) to the extent any portion of such Letter or Credit Obligations or Swing Loans cannot be so reallocated and the relevant Borrower has not provided cash collateral, such fees pursuant to clause (b) will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).
Appears in 1 contract
Defaulting Lender Fees. Notwithstanding anything herein in this Agreement to the contrary, during such period as a if any Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above above, in each case with respect to the entire accrual period with respect to such fees (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, provided that (i) to the extent that a Ratable Portion ratable portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is has been reallocated in accordance with Section 2.16(a)(i) to the Non-Defaulting Lenders pursuant to Section 2.18(a) (Defaulting Lender)Lenders, such the fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective CommitmentsCommitments after giving effect to such reallocation, and (ii) to the extent any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralto such Non-Defaulting Lenders, such fees will instead accrue for the benefit of and be payable to the Issuer Issuing Banks and the Swing Lender as their interests appear (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees)).32
Appears in 1 contract
Sources: Credit Agreement (FMC Corp)
Defaulting Lender Fees. Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to clauses (a) and (b) above and Section 2.4(h) (Letters of Credit) (without prejudice to the rights of the Lenders other than Non-Defaulting Lenders in respect of such fees); provided, that (i) to the extent that all or a Ratable Portion portion of the Letter of Credit Obligations or Swing Loans of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section 2.18(a2.19(a) (Defaulting Lender), such fees that would have accrued for the benefit of such Defaulting Lender will instead accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance with their respective Revolving Credit Commitments, and (ii) to the extent that all or any portion of such Letter or of Credit Obligations or Swing Loans cannot be so reallocated and the Borrower has not provided cash collateralreallocated, such fees will instead accrue for the benefit of and be payable to the Issuer and the Swing Lender Loan Lender, as their interests appear applicable (and the pro rata payment provisions of Section 2.13 (Payments and Computations) will automatically be deemed adjusted to reflect the provisions of this Section 2.12(c) (Fees2.12(e)).
Appears in 1 contract
Sources: Credit Agreement (UTi WORLDWIDE INC)