Common use of Advances/Reimbursements Clause in Contracts

Advances/Reimbursements. All amounts due Lender as a result of expenditures made by Lender or losses suffered by Lender, shall bear interest at the rate applicable to past due principal as specified in the Notes or herein from the date demanded until paid in full. Unless otherwise specified in the Loan Documents, such advances and other sums, together with accrued interest, shall be due and payable on demand.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Pernix Therapeutics Holdings, Inc.), Loan Agreement (RTI Biologics, Inc.)

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Advances/Reimbursements. All amounts advanced by Lender under the Loan Documents, or due Lender as a result of expenditures reasonably made by Lender or losses suffered by Lender, shall bear interest at the rate applicable to past due principal as specified in the Notes Note or herein from the date demanded until paid in full. Unless otherwise specified in the Loan Documents, such advances and other sums, together with accrued interest, shall be due and payable on demand.

Appears in 3 contracts

Samples: Loan Agreement (Alico Inc), Loan Agreement (Alico Inc), Loan Agreement (Atlantic Blue Group, Inc.)

Advances/Reimbursements. All amounts advanced by Lender under the Loan Documents, or due Lender as a result of expenditures reasonably made by Lender or losses suffered by Lender, shall bear interest at the highest rate applicable to past due principal as specified in the Notes or herein from the date demanded until paid in full. Unless otherwise specified in the Loan Documents, such advances and other sums, together with accrued interest, shall be due and payable on demand.

Appears in 1 contract

Samples: Loan Agreement (Atlantic Blue Group, Inc.)

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Advances/Reimbursements. All amounts advanced by Lender under the Loan Documents, or due Lender as a result of expenditures made by Lender or losses suffered by Lender, shall bear interest at the rate applicable to past due principal as specified in the Notes or herein from the date demanded until paid in full. Unless otherwise specified in the Loan Documents, such advances and other sums, together with accrued interest, shall be due and payable on demand.

Appears in 1 contract

Samples: Consolidating Loan Agreement (Smithfield Foods Inc)

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