Common use of Borrower's Reimbursement Obligation Clause in Contracts

Borrower's Reimbursement Obligation. The expenses of the Agent incurred in connection with actions undertaken as provided in this Section, together with interest thereon after a Credit Agreement Event of Default at the Overdue Rate from the date of payment by the Agent to the date reimbursed by the Borrower, shall be payable by the Borrower to the Agent on demand.

Appears in 3 contracts

Samples: Security Agreement (Hanover Compressor Co), Security Agreement (Hanover Compression Inc), Security Agreement (Hanover Compressor Co)

AutoNDA by SimpleDocs

Borrower's Reimbursement Obligation. The expenses of the Agent incurred in connection with actions undertaken as provided in this Section, together with interest thereon after at a rate equal to the rate per annum at which interest would then be payable on past due Prime Rate Loans under the Credit Agreement Event of Default at the Overdue Rate Agreement, from the date of payment by the Agent Agent, to the date reimbursed by the each Borrower, shall be payable by the such Borrower to the Agent on demand.

Appears in 1 contract

Samples: Security Agreement (Advanced Communication Systems Inc)

Borrower's Reimbursement Obligation. The expenses of the Agent ----------------------------------- incurred in connection with actions undertaken as provided in this Section, together with interest thereon after a Credit Agreement Event of Default at the Overdue Rate from the date of payment by the Agent to the date reimbursed by the Borrower, shall be payable by the Borrower to the Agent on demand.

Appears in 1 contract

Samples: Security Agreement (Hanover Compressor Co /)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Paxson Pledge Agreement (Paxson Communications Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!