Common use of Agent Expenses Clause in Contracts

Agent Expenses. Any amounts paid by Administrative Agent or Collection Agent as provided herein are Agent Expenses and are immediately due and payable and shall bear interest at the then applicable rate and be secured by the Collateral. No payments by Administrative Agent or Collection Agent shall be deemed an agreement to make similar payments in the future or a waiver of any Event of Default.

Appears in 3 contracts

Samples: Loan and Security Agreement (LendingClub Corp), Loan and Security Agreement (LendingClub Corp), Loan and Security Agreement (LendingClub Corp)

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Agent Expenses. Any amounts paid by Administrative Agent or Collection Agent as provided herein are Agent Expenses and are immediately due and payable and shall bear interest at the then applicable rate and be secured by the Collateral. No payments by Administrative Agent or Collection Agent shall be deemed an agreement to make similar payments in the future or a waiver of any Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (LendingClub Corp)

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