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 Compressor Co), Security Agreement (Hanover Compression 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 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
