Administrative Fees and Charges. (i) Borrower shall pay to Agent, for its own account and not for the benefit of any other Lenders, all reasonable and documented fees and expenses in connection with audits and inspections of the books and records of the Credit Parties, audits, valuations or appraisals of the Collateral, audits of Borrower’s compliance with applicable Laws and such other matters as Agent shall deem appropriate, which shall be due and payable on the first (1st) Business Day of the month following the date of issuance by Agent of a written request for payment thereof to any Borrower.
Appears in 2 contracts
Samples: Credit and Security Agreement (Mannkind Corp), Credit and Security Agreement (Mannkind Corp)
Administrative Fees and Charges. (i) Borrower shall pay to Agent, for its own account and not for the benefit of any other Lenders, all reasonable and documented out-of-pocket fees and expenses in connection with audits and inspections of the books and records of the Credit Parties, audits, valuations or appraisals of the Collateral, audits of Borrower’s compliance with applicable Laws and such other matters as Agent shall deem appropriate, which shall be due and payable on the first (1st) Business Day of the month following the date of issuance by Agent of a written request for payment thereof to any Borrower.
Appears in 2 contracts
Samples: Credit and Security Agreement (Rigel Pharmaceuticals Inc), Credit and Security Agreement (Rigel Pharmaceuticals Inc)
