Common use of Agreement to Pay Enforcement Costs, etc Clause in Contracts

Agreement to Pay Enforcement Costs, etc. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Administrative Agent, on demand, all costs and expenses (including court costs and legal expenses) incurred or expended by the Administrative Agent or any Lender in connection with the Parent Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Section 2.21(b) from the time when such amounts become due until payment, whether before or after judgment, at the rate of interest for overdue principal set forth in this Agreement, provided that if such interest would exceed the Maximum Rate, then such interest shall be reduced to such Maximum Rate.

Appears in 3 contracts

Samples: Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (OneBeacon Insurance Group, Ltd.), Credit Agreement (OneBeacon Insurance Group, Ltd.)

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Agreement to Pay Enforcement Costs, etc. The Each Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Administrative Agent, on demand, all reasonable out-of-pocket costs and expenses (including court costs and legal expenses) incurred or expended by the Administrative Agent or any Lender in connection with the Parent this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Section 2.21(b) 3 from the time when such amounts become due until payment, whether before or after judgment, at the rate of interest for overdue principal set forth in this the Credit Agreement, provided that if such interest would exceed the Maximum Rate, then such interest shall be reduced to such Maximum Rate.

Appears in 2 contracts

Samples: Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (White Mountains Insurance Group LTD)

Agreement to Pay Enforcement Costs, etc. The Guarantor Each of the Guarantors further agrees, as the principal obligor and not as a guarantor only, to pay to the Administrative Agent, on demand, all costs and expenses (including court costs and legal expenses) incurred or expended by the Administrative Agent or any Lender in connection with the Parent its Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Section 2.21(b2.21(c) from the time when such amounts become due until payment, whether before or after judgment, at the rate of interest for overdue principal set forth in this Agreement, provided that if such interest would exceed the Maximum Rate, then such interest shall be reduced to such Maximum Rate.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

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Agreement to Pay Enforcement Costs, etc. The Guarantor Each of the Guarantors further agrees, as the principal obligor and not as a guarantor only, to pay to the Administrative Agent, on demand, all costs and expenses (including court costs and legal expenses) incurred or expended by the Administrative Agent or any Lender in connection with the Parent its Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Section 2.21(b2.21(c) from the time when such amounts become due until payment, whether before or after judgment, at the rate of interest for overdue principal set forth in this Agreement, provided that if such interest would exceed exceeds the Maximum Ratemaximum amount permitted to be paid under applicable law, then such interest shall be reduced to such Maximum Ratemaximum permitted amount.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

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