Example ContractsClausesInterest and Fees
Interest and Fees
Interest and Fees contract clause examples

In respect of Advances under Facility A, the Borrower agrees to pay the following to the Agent on behalf of the Lenders (or if specified below, to the Issuing Bank for its own account):

Interest. Interest on Advances shall be payable in arrears on the first day of each month with respect to Domestic Rate Loans and, with respect to LIBOR Rate Loans, at # the end of each Interest Period, and # for LIBOR Rate Loans with an Interest Period in excess of three months, at the end of each three month period during such Interest Period, provided further that all accrued and unpaid interest shall be due and payable at the end of the Term. Interest charges shall be computed on the actual principal amount of Advances outstanding during the month at a rate per annum equal to # with respect to Revolving Advances, the applicable Revolving Interest Rate and # with respect to Swing Loans, the Revolving Interest Rate for Domestic Rate Loans (as applicable, the "Contract Rate"). Except as expressly provided otherwise in this Agreement, any Obligations other than the Advances that are not paid when due shall accrue interest at the Revolving Interest Rate for Domestic Rate Loans, subject to the provision of the final sentence of this Section 3.1 regarding the Default Rate. Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the applicable Contract Rate shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the Alternate Base Rate during the time such change or changes remain in effect. The LIBOR Rate shall be adjusted with respect to LIBOR Rate Loans without notice or demand of any kind on the effective date of any change in the Reserve Percentage as of such effective date. Upon and after the occurrence of an Event of Default, and during the continuation thereof, at the direction of Required Lenders (or, in the case of any Event of Default under [Section 10.7], immediately and automatically upon the occurrence of any such Event of Default without the requirement of any affirmative action by any party), the Obligations shall bear interest at the applicable Contract Rate plus two percent (2%) per annum (the "Default Rate").

Interest and Fees. Any prepayment made pursuant to this Section 2.05 (other than prepayments made pursuant to [subsection (c)(vii)] of this Section 2.05) shall be accompanied by # accrued interest on the principal amount being prepaid to the date of prepayment, # any Funding Losses payable pursuant to [Section 2.08], # the Applicable Premium, if any, payable in connection with such prepayment of the Loans to the extent required under [Section 2.06(b) and (iv)])] if such prepayment would reduce the amount of the outstanding Loans to zero at a time when the Total Revolving Credit Commitment has been terminated, such prepayment shall be accompanied by the payment of all fees accrued to such date pursuant to Section 2.06.

In respect of Advances under each Non-Revolving Facility, the Borrower agrees to pay the following:

Interest and Fees. Any prepayment made pursuant to this Section 2.05 (other than prepayments made pursuant to [subsection (c)(vii)] of this Section 2.05) shall be accompanied by # accrued interest on the principal amount being prepaid to the date of prepayment, # any Funding Losses payable pursuant to [Section 2.08], # the Applicable Premium, if any, payable in connection with such prepayment of the Loans to the extent required under [Section 2.06(b) and (iv)])] if such prepayment would reduce the amount of the outstanding Loans to zero at a time when the Total Revolving Credit Commitment has been terminated, such prepayment shall be accompanied by the payment of all fees accrued to such date pursuant to Section 2.06.

In respect of Advances made under Facility A, the Borrower agrees to pay the following:

Interest on Advances shall be payable to Agent for the benefit of Lenders in arrears on the first (1st) day of each month with respect to Base Rate Loans and, with respect to LIBOR Rate Loans (including, without limitation, Swingline Loan Advances) and, with respect to SOFR Loans, in arrears at the end of each Interest Period or, for LIBOR RateSOFR Loans with an Interest Period in excess of three (3) months, at the earlier of each date that is three (3) months following date of the commencement of such Interest Period and at the end of such Interest Period. Interest charges shall be computed on the actual principal amount of Advances outstanding at a rate per annum equal to the applicable Interest Rate. Concurrent with any increase or decrease in the Base Rate, the Interest Rate for Base Rate Loans shall be similarly changed without notice or demand of any kind by an amount equal to the amount of such change in the Base Rate. At the election of Agent or the Required Lenders, upon and after the occurrence of an Event of Default, and during the continuation thereof, the outstanding Advances and all other Obligations shall bear interest at the applicable Interest Rate plus two (2) percentage points per annum (as applicable, the “Default Rate”). At the election of Agent or the Required Lenders, such Default Rate shall be applied retroactively to commence on the date of the first (1st) occurrence of the event giving rise to such Event of Default.

Interest and Fees. Any prepayment made pursuant to this Section 2.05 (other than prepayments made pursuant to [subsection (c)(vii)] of this Section 2.05) shall be accompanied by # accrued interest on the principal amount being prepaid to the date of prepayment, # any Funding Losses payable pursuant to Section 2.08, # the Applicable Premium, if any, payable in connection with such prepayment of the Loans to the extent required under [Section 2.06(b) and (iv)])] if such prepayment would reduce the amount of the outstanding Loans to zero at a time when the Total Revolving Credit Commitment has been terminated, such prepayment shall be accompanied by the payment of all fees accrued to such date pursuant to Section 2.06.

Fees, Expenses and Interest. Each of Agents and the Lenders shall have received, for its own respective account, # all fees and expenses due and payable to such Person and # the fees, costs and expenses due and payable to such Person pursuant to [Section 12.05] (including the reasonable fees, disbursements and other charges of counsel).

Accrued Interest and Fees. The Administrative Agent shall have received, for the account of each Lender and each Issuing Bank party to the Credit Agreement immediately prior to the effectiveness of this Amendment, all interest and fees accrued but unpaid under the Credit Agreement in respect of periods prior to the Second Amendment Effective Date.

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