Common use of Borrower's Reimbursement Obligation Clause in Contracts

Borrower's Reimbursement Obligation. The expenses of the Lender incurred in connection with actions undertaken as provided in this Article IV, together with interest thereon at a rate equal to the rate per annum at which interest would then be payable on past due Loans under this Agreement, from the date of payment by the Lender to the date reimbursed by the Borrower, shall be payable by the Borrower to the Lender on demand.

Appears in 8 contracts

Samples: Credit and Security Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc), Credit and Security Agreement (Crescent Operating Inc)

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Borrower's Reimbursement Obligation. The expenses of the Lender incurred in connection with actions undertaken as provided in this Article IV, together with interest thereon at a rate equal to the rate per annum at which interest would then be payable on past due Loans under this AgreementDefault Rate, from the date of payment by the Lender to the date reimbursed by the Borrower, shall be payable by the Borrower to the Lender on demand.

Appears in 1 contract

Samples: Credit and Security Agreement (Crescent Operating Inc)

Borrower's Reimbursement Obligation. The expenses of the Lender incurred in connection with actions undertaken as provided in this Article IV4, together with interest thereon at a rate equal to the rate per annum at which interest would then be payable on past due Loans under this Agreement, from the date of payment by the Lender to the date reimbursed by the Borrower, shall be payable by the Borrower to the Lender on demand.

Appears in 1 contract

Samples: Credit and Security Agreement (Crescent Operating Inc)

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Borrower's Reimbursement Obligation. The expenses of the Lender incurred in connection with actions undertaken as provided in this Article IVSection, together with interest thereon at a rate per annum equal to the rate per annum at which interest would then be payable on past due Loans Advances under this the Credit Agreement, from the date of payment by the Lender to the date reimbursed by the Borrower, shall be payable by the Borrower to the Lender on demand.

Appears in 1 contract

Samples: Security Agreement (Orbcomm Global L P)

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