Common use of Charges to Loan Account Clause in Contracts

Charges to Loan Account. To the extent not paid by the Borrowers when due (after taking into consideration any applicable grace period), the Administrative Agent, without the request of the Borrowers, may advance any interest, fee, or other payment required under any Loan Document to which any Credit Party is entitled and may charge the same to the Loan Account notwithstanding that an Overadvance may result thereby and notwithstanding any failure to satisfy the conditions set forth in SECTION 4.02; provided that such charges do not cause the Total Outstandings to exceed the Total Commitments at such time. The Administrative Agent shall advise the Borrowers of any such advance or charge promptly after the making thereof. Such action on the part of the Administrative Agent shall not constitute a waiver of the Administrative Agent’s rights and the Borrowers’ obligations under SECTION 2.15(a). Any amount which is added to the principal balance of the Loan Account as provided in this SECTION 2.04(c) shall bear interest at the interest rate then and thereafter applicable to Prime Rate Loans.

Charges to Loan Account. To the extent not paid by the Borrowers when due (after taking into consideration any applicable grace period), the Administrative Agent, without the request of the Borrowers, may advance any interest, fee, or other payment required under any Loan Document to which any Credit Party is entitled and may charge the same to the Loan Account notwithstanding that an Overadvance may result thereby and notwithstanding any failure to satisfy the conditions set forth in SECTION Section 4.02; provided that such charges do not cause the Total Outstandings to exceed the Total Commitments at such time. The Administrative Agent shall advise the Borrowers of any such advance or charge promptly after the making thereof. Such action on the part of the Administrative Agent shall not constitute a waiver of the Administrative Agent’s rights and the Borrowers’ obligations under SECTION Section 2.15(a). Any amount which is added to the principal balance of the Loan Account as provided in this SECTION Section 2.04(c) shall bear interest at the interest rate then and thereafter applicable to Prime Rate Loans.

Charges to Loan Account. To the extent not paid by the Borrowers when due (after taking into consideration any applicable grace period), the Administrative Agent, without the request of the Borrowers, may advance any interest, fee, or other payment required under any Loan Document to which any Credit Party is entitled and may charge the same to the Loan Account notwithstanding that an Overadvance may result thereby and notwithstanding any failure to satisfy the conditions set forth in SECTION Section 4.02; provided that such charges do not cause the Total Outstandings to exceed the Total Commitments at such time. The Administrative Agent shall advise the Borrowers of any such advance or charge promptly after the making thereof. Such action on the part of the Administrative Agent shall not constitute a waiver of the Administrative Agent’s 's rights and the Borrowers’ obligations under SECTION Section 2.15(a). Any amount which is added to the principal balance of the Loan Account as provided in this SECTION Section 2.04(c) shall bear interest at the interest rate then and thereafter applicable to Prime Rate Loans.