Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 8 contracts
Samples: Senior Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings Capital Investment Corp)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including MLPFS and including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Agent, and of special and local counsel retained by the Collateral Agent collectively (Administrative Agent, but not any other than separate counsel to the allocated costs of internal counsel)Arrangers or the Lenders), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement (including, without limitation, the administration of any assignment under Section 10.06 that is determined to be void ab initio) and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Issuing Bank each L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-out of pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender, L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Collateral Agent, the Issuing Bank or any Lender), L/C Issuer) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-out of pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, provided that the Borrower’s obligations to pay or reimburse for legal fees and expenses pursuant to this clause (iviii) shall be limited to the reasonable and documented legal fees and expenses of a single law firm as counsel for the Administrative Agent and one additional law firm as counsel for all reasonable out-of-pocket costsother such parties, expensestaken together, taxesin each appropriate jurisdiction (which may include a single law firm as special, assessments and other charges incurred local or foreign counsel acting in multiple jurisdictions), except that in the case where any such Person determines in good faith that a conflict of interest does or may exist in connection with any filing, registration, recording such legal representation and such Person advises the Borrower of such actual or perfection potential conflict of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuingengages its own separate counsel, the Borrower shall not be responsible for the reimbursement of any fees, costs reasonable and documented legal fees and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)separate counsel shall also be paid or reimbursed.
Appears in 8 contracts
Samples: Credit Agreement (BWX Technologies, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.), Credit Agreement (Babcock & Wilcox Enterprises, Inc.)
Costs and Expenses. The Borrower shall (a) pay (i) or reimburse the Agent for all its reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereindevelopment, the preparation preparation, execution and administration (other than internal overhead charges) delivery of this Agreement and the other Loan Documents and any amendmentsother documents prepared in connection herewith or therewith and any amendment, modifications supplement or waivers of the provisions hereof or thereof modification thereto (whether or not the transactions contemplated hereby or thereby shall be consummated), and (b) including pay or reimburse the Agent for all costs and expenses of the Independent Valuation Provider, (ii) all its reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuanceadministration of the transactions contemplated hereby and thereby, amendmentincluding, renewal without limitation, the reasonable and documented fees and disbursements and other charges of counsel to the Agent (including one primary counsel and such local counsel as the Agent may reasonably require in connection with collateral matters), outside consultants, appraisers, and commercial finance examiners in connection with all of the foregoing, all customary fees and charges (as adjusted from time to time) of the Agent with respect to the disbursement of funds (or extension the receipt of any Letter funds) to or for the account of Credit the Borrower (whether by wire transfer or any demand for payment thereunderotherwise), (iiic) pay or reimburse each Lender and the Agent for all their out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its any rights in connection with under this Agreement and Agreement, the other Loan Documents, including its rights under this Section, or Documents and any such other documents and in connection with the Term Loans made or Letters of Credit issued hereunderunder this Agreement, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Term Loans, including, without limitation, the fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to each Lender and the Agent, and (ivd) to pay, indemnify, or reimburse each Lender and the Agent for, and hold each Lender and the Agent harmless from, any and all reasonable out-of-pocket costsrecording and filing fees and any and all liabilities with respect to, expensesor resulting from any delay in paying, stamp, excise and similar other taxes, assessments and other charges incurred if any, which may be payable or determined to be payable in connection with any filingthe execution and delivery of, registration, recording or perfection consummation or administration of any security interest of the transactions contemplated by any Security Document by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of this Agreement the other document referred to therein. Unless an Event of Default has occurred Loan Documents and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other documents.
Appears in 7 contracts
Samples: Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.), Credit Agreement (Vince Holding Corp.)
Costs and Expenses. (1) The Borrower Mortgagor shall pay forthwith on demand:-
(ia) all reasonable expenses including stamp duty (whether as penalty or otherwise), legal, administrative, registration, execution fees and documented out-of-pocket fees, any other costs and expenses or charges (including abortive costs) incurred or expended by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Mortgagee in connection with the syndication of Assignment whether the credit facilities provided for herein, the preparation same is accepted or otherwise; and
(b) all legal fees on a full indemnity basis and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses disbursements whatsoever including but not limited to stamp or other duties incurred by the Issuing Bank in connection with the issuancedemanding and enforcing payment of moneys due hereunder or otherwise howsoever in enforcing this Assignment, amendment, renewal or extension of any Letter of Credit or any demand other document called for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank terms of this Assignment or any Lenderof the covenants, (including feesundertakings, charges and disbursements stipulations, terms, conditions or provisions of counsel for the Administrative Agentthis Assignment, the Collateral Agent, the Issuing Bank or any Lender), in connection with other document called for by the enforcement terms of this Assignment or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording delay or perfection omission on the part of the Mortgagor to pay any security interest contemplated by any Security Document stamp or other duties in connection with this Assignment or any other document referred called for by the terms of this Assignment.
(2) In addition to therein. Unless an Event and not in derogation of Default has occurred the other provisions of this Assignment if the Mortgagor shall fail or refuse to pay any insurance premia legal fees stamp duty and other costs charges and expenses which the Mortgagor is continuing, liable to pay under any provisions of this Assignment the Borrower Mortgagee may at its discretion pay the same (but shall not be responsible for under any obligation to do so) and if such payment is made by the reimbursement Mortgagee the Mortgagor shall forthwith on demand repay the same to the Mortgagee together with interest thereon at such rate or rates as may be prescribed by the Mortgagee from time to time calculated from the date of any fees, costs payment thereof by the Mortgagee up to the date of repayment by the Mortgagor and expenses of until so repaid shall be included in and subject to the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)charges created therein.
Appears in 6 contracts
Samples: Assignment of Sale Proceeds, Assignment of Sale Proceeds, Assignment of Sale Proceeds
Costs and Expenses. The In addition to the rights of indemnification granted under Section 16.1, the Borrower shall agrees to pay (i) on demand all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation ProviderAgent, (ii) the Collateral Agent, the Collateral Custodian, the Lender Agents and the Lenders in connection with the preparation, execution, delivery, syndication and administration of this Agreement, any liquidity support facility and the other documents and agreements to be delivered hereunder or with respect hereto, in each case, subject to any cap on such costs and expenses agreed upon in a separate letter agreement among the Borrower, the Collateral Manager, the Collateral Custodian and the Agent or the Collateral Agent, and Collateral Custodian Fee Letter, and the Borrower further agrees to pay all reasonable and documented out-of-pocket fees, costs and expenses incurred by of the Issuing Bank Agent in connection with any amendments, waivers or consents executed in connection with this Agreement, including the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable fees and out-of-pocket feespocket, costs and documented expenses incurred by of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or Collateral Custodian, the Lender Agents and the Lenders with respect thereto and with respect to advising the Agent and the Lenders as to its rights and remedies under this Agreement, and to pay all documented and out-of-pocket costs and expenses, if any Lender, (including feesreasonable counsel fees and expenses), charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender)Collateral Custodian, the Lender Agents and the Lenders, in connection with the enforcement against the Collateral Manager or protection the Borrower of its rights in connection with this Agreement or any of the other Transaction Documents and the other Loan Documentsdocuments and agreements to be delivered hereunder or with respect hereto; provided, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, that the Borrower shall not be responsible given prior written notice of any extraordinary expenses in excess of $20,000 and in the case of reimbursement of (A) counsel for the Lenders other than the Agent, such reimbursement shall be limited to one counsel for all the Agent, the Lender Agents and Lenders and (B) counsel for the Collateral Agent and Collateral Custodian shall be limited to one counsel for such Persons. For the avoidance of any feesdoubt, the costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) described in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)this Section 17.4 shall not include Taxes.
Appears in 6 contracts
Samples: Loan and Servicing Agreement (Blue Owl Capital Corp III), Loan and Servicing Agreement (Blue Owl Capital Corp III), Loan and Servicing Agreement (Owl Rock Capital Corp III)
Costs and Expenses. The Borrower shall pay shall:
(ia) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby are consummated, pay or thereby shall be consummatedreimburse Wachovia (including in its capacity as Agent) including within five Business Days after demand and receipt by the Borrower of reasonable supporting documentation for all reasonable costs and expenses incurred by Wachovia (including in its capacity as Agent) in connection with the development, preparation, delivery, administration and execution of this Agreement, any Loan Document and any other documents prepared in connection herewith or therewith, and the consummation of the Independent Valuation Providertransactions contemplated hereby and thereby, including Attorney Costs (iiexcluding allocated costs of internal legal counsel) incurred by Wachovia (including in its capacity as Agent) with respect thereto; and
(b) pay or reimburse the Agent within five Business Days after demand and receipt by the Borrower of reasonable supporting documentation for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Agent in connection with any amendment, supplement, waiver or modification to (in each case, whether or not consummated), this Agreement, any Loan Document and any other documents prepared in connection herewith or therewith, and the consummation of the transactions contemplated hereby and thereby, including Attorney Costs incurred by the Agent with respect thereto (provided, that the fees of any law firm or other external counsel, and the allocated costs of internal legal services, shall not both be reimbursed with respect to any amendment, supplement, waiver or modification relating to the same or any substantially similar matter); and
(c) pay or reimburse the Agent, the Arranger and each Bank within five Business Days after demand and receipt by the Borrower of reasonable supporting documentation for all reasonable costs and expenses (including Attorney Costs) incurred by them in connection with the issuanceenforcement, amendmentattempted enforcement, renewal or extension preservation of any Letter of Credit rights or remedies under this Agreement or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by other Loan Document during the Administrative Agent, existence of an Event of Default or after acceleration of the Collateral Agent, the Issuing Bank or any Lender, Loans (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing“workout” or restructuring regarding the Loans, registration, recording and including in any Insolvency Proceeding or perfection of any security interest contemplated by any Security Document or any other document referred to thereinappellate proceeding). Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, The foregoing costs and expenses of shall include all search, filing, recording, title insurance and fees and taxes related thereto incurred by the Independent Valuation Provider incurred pursuant Agent, and, with respect to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, those costs and expenses referred to in any 12-month period (Section 12.4(b) or 12.4(c) above, the “IVP Supplemental Cap”)reasonable cost of independent public accountants, appraisers and other outside experts retained by the Agent. The agreements in this Section shall survive the termination of the Commitments and repayment of all other Obligations.
Appears in 5 contracts
Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Amerigas Partners Lp)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans Advances made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Advances or Letters of Credit. The foregoing costs and (iv) expenses shall include all reasonable search, filing, recording, appraisal charges and fees and taxes related thereto, and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by the Administrative Agent or any Lender and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts retained by any Security Document the Administrative Agent or any other document referred to thereinLender. Unless an Event of Default has occurred and is continuing, All amounts due under this Section 9.04 shall be payable within thirty days after demand. The agreements in this Section shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 4 contracts
Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Energy Partners LP)
Costs and Expenses. The Borrower Borrowers shall pay (i) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Administrative Global Agent, the Revolver Agent, the Collateral Agent and their respective Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local primary counsel for the Administrative Global Agent, the Revolver Agent and the Collateral Agent), and shall pay all fees and time charges and disbursements for attorneys who may be employees of the Global Agent collectively (other than or the allocated Revolver Agent unless such costs result from services provided by such internal counsel are duplicative of internal counsel))services then being provided by outside counsel to the Global Agent, the Revolver Agent, the Collateral Agent or any of their respective Affiliates, as applicable, in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs consummated and expenses limited in the case of legal fees, charges and disbursements to fees, charges and disbursements of one primary counsel to the Independent Valuation ProviderAgents, and if necessary, one local counsel in each appropriate jurisdiction), (ii) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Issuing Bank any LC Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-out of pocket fees, costs and expenses incurred by the Administrative Global Agent, the Revolver Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender, LC Issuer (including the fees, charges and disbursements of any counsel for the Administrative Global Agent, the Revolver Agent, the Collateral Agent, the Issuing Bank any Lender or any LenderLC Issuer), and shall pay all fees and time charges and disbursements for attorneys who may be employees of the Global Agent, the Revolver Agent, the Collateral Agent, any Lender or any LC Issuer unless such costs result from services provided by such internal counsel that are duplicative of services then being provided by outside counsel to the Global Agent, the Revolver Agent, the Collateral Agent, any Lender or any LC Issuer, as applicable, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-out of pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) all reasonable and documented out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant Global Agent’s and the Revolver Agent’s regular employees and agents engaged periodically to 5.12(b)(iii) in excess perform audits of the greater of (x) $200,000 Credit Parties’ books, records and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)business properties.
Appears in 4 contracts
Samples: Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp)
Costs and Expenses. The Borrower Any action taken by any Credit Party under or with respect to any Loan Document, even if required under any Loan Document or at the request of Agent or Required Lenders, shall pay (i) all reasonable be at the expense of such Credit Party, and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agentneither Agent nor any other Secured Party shall be required under any Loan Document to reimburse any Credit Party or any Subsidiary of any Credit Party therefor except as expressly provided therein. In addition, the Collateral Borrower agrees to pay or reimburse upon demand (a) Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costscosts and expenses incurred by it or any of its Related Persons, in connection with the investigation, development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification of any term of or termination of, any Loan Document, any commitment or proposal letter therefor, any other document prepared in connection therewith or the consummation and administration of any transaction contemplated therein, in each case including Attorney Costs of Agent, the cost of environmental audits, syndication, distribution, Collateral audits and appraisals, background checks and similar expenses, taxesto the extent permitted hereunder, assessments (b) Agent for all reasonable costs and expenses incurred by it or any of its Related Persons in connection with internal audit reviews, field examinations and Collateral examinations (which shall be reimbursed, in addition to the out-of-pocket costs and expenses of such examiners, at the per diem rate per individual charged by Agent for its examiners), (c) each of Agent, its Related Persons, and L/C Issuer for all costs and expenses incurred in connection with (i) the creation, perfection and maintenance of the perfection of Agent’s Liens upon the Collateral, including Lien search, filing and recording fees, (ii) any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” in any insolvency or bankruptcy proceeding or otherwise and whether or not consummated, (iii) the enforcement or preservation of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or any other charges related right or remedy or any attempt to inspect, verify, protect, insure, collect, sell, liquidate or otherwise dispose of any Collateral or (iv) the commencement, defense, conduct of, intervention in, or the taking of any other action (including preparation for and/or response to any subpoena or request for document production relating thereto) with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to any Credit Party, any Subsidiary of any Credit Party, Loan Document, Obligation, Effective Date Related Transaction, or transactions contemplated hereby, including Attorney Costs, (d) the cost of purchasing insurance that the Credit Parties fail to obtain as required by the Loan Documents and (e) fees and disbursements of Attorney Costs of one law firm on behalf of all Lenders (other than Agent) incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document the matters referred to therein. Unless an Event of Default has occurred in clause (c) above, and is continuingto the extent necessary, the Borrower shall not be responsible for the reimbursement of any fees(i) one local counsel in each relevant jurisdiction, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii(ii) in excess of the greater of (x) $200,000 regulatory counsel if reasonably required and (yiii) 0.05% of the total Commitments, in each case solely in the aggregate incurred for all such feesevent of a conflict of interest, costs and expenses in any 12-month period one additional counsel (the “IVP Supplemental Cap”)which may be a single Person) of similarly situated affected Persons.
Appears in 4 contracts
Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp)
Costs and Expenses. The Borrower shall agrees, whether or not any Loan is made under this Agreement, to pay or reimburse the Administrative Agent and each Bank upon demand for (i) all reasonable and documented out-of-pocket feescosts and expenses (including, costs without limitation, reasonable attorneys’ fees and expenses) incurred by the Administrative Agent and its Affiliates in connection with the syndication, preparation, documentation, negotiation and/or execution of this Agreement and/or any of the other Transaction Documents (ii) all recording, filing and search fees and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication this Agreement and/or any of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation ProviderTransaction Documents, (iiiii) all reasonable and documented out-of-pocket fees, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the Issuing Bank Administrative Agent in connection with the issuance(A) the preparation, documentation, negotiation and execution of any amendment, modification, extension, renewal or extension restatement of this Agreement and/or any of the other Transaction Documents or (B) the preparation of any Letter waiver or consent under this Agreement or under any of Credit or any demand for payment thereunderthe other Transaction Documents, (iiiiv) if an Event of Default occurs, all reasonable documented out-of-pocket fees, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the such Event of Default and collection and other enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof proceedings resulting therefrom and (ivv) any civil penalty or fine assessed by OFAC against, and all reasonable out-of-pocket costs, expenses, taxes, assessments documented costs and other charges expenses (including counsel fees and disbursements) incurred in connection with defense thereof by, the Administrative Agent or any filingBank as a result of conduct of the Borrower that violates a sanction enforced OFAC. The Borrower further agrees to pay or reimburse the Administrative Agent and each Bank upon demand for any stamp or other similar taxes which may be payable with respect to the execution, registrationdelivery, recording or perfection and/or filing of this Agreement and/or any security interest contemplated of the other Transaction Documents. The Borrower acknowledges and agrees that such attorneys’ fees and expenses referred to above shall be determined on the basis of rates then generally applicable to the attorneys (and all paralegals, accountants and other staff employed by any Security Document such attorneys) retained by the Administrative Agent or any other document referred to thereinBank. Unless an Event All of Default has occurred and is continuing, the obligations of the Borrower under this Section 9.03(a) shall not be responsible for survive the reimbursement of any fees, costs satisfaction and expenses payment of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Borrower’s Obligations and the termination of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)this Agreement.
Appears in 4 contracts
Samples: Loan Agreement (Spire Missouri Inc), Loan Agreement (Spire Missouri Inc), Loan Agreement (Spire Inc)
Costs and Expenses. The Any action taken by any Credit Party under or with respect to any Loan Document, even if required under any Loan Document or at the request of Agent, the Lead Arrangers or Required Lenders, shall be at the expense of such Credit Party, and neither Agent, the Lead Arrangers nor any other Secured Party shall be required under any Loan Document to reimburse any Credit Party or any Subsidiary of any Credit Party therefor except as expressly provided therein. In addition, the Borrower shall agrees to pay or reimburse upon demand (ia) Agent and the Lead Arrangers for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and them or any of their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel))Related Persons, in connection with the syndication investigation, development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification or waiver of any term of or termination of, any Loan Document, any commitment or proposal letter therefor, any other document prepared in connection therewith or the credit facilities provided for herein, the preparation consummation and administration of any transaction contemplated herein or therein (other than internal overhead chargesincluding any prepayment under Section 1.7 or Section 1.8) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) ), in each case including all costs Attorney Costs of Agent and the Lead Arrangers, the cost of reasonably requested environmental audits, Collateral audits and appraisals, background checks and similar expenses, subject to the express limits set forth in Section 4.9; provided that Agent’s and the Lead Arrangers’ counsel fees and expenses shall be limited to reasonable and documented out-of-pocket attorneys’ fees of one firm of counsel and, if necessary, additional counsel required to accommodate conflicts of interest and a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions and, to the Independent Valuation Providerextent required by the subject matter, one specialist counsel for each specialized area of law in each appropriate jurisdiction), (iib) each L/C Issuer for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank such L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iiic) Agent and the Lead Arrangers for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank them or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), their Related Persons in connection with internal audit reviews, field examinations and Collateral examinations (which shall be reimbursed, in addition to the enforcement or protection of its rights in connection with this Agreement reasonable and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket costs and expenses incurred during any workoutof such examiners, restructuring at the per diem rate per individual charged by Agent or negotiations the Lead Arrangers for their examiners), subject to the express limits set forth in respect thereof Section 4.9, (d) each of Agent, each Lead Arranger, each L/C Issuer, each Swingline Lender, each other Lender and (iv) their respective Related Persons for all reasonable and documented out-of-pocket costscosts and expenses incurred in connection with (i) any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out”, expenses(ii) the enforcement or preservation of any right or remedy under any Loan Document, taxesany Obligation, assessments with respect to the Collateral or any other related right or remedy or (iii) the commencement, defense, conduct of, intervention in, or the taking of any other action (including preparation for and/or response to any subpoena or request for document production relating thereto) with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to any Credit Party, any Subsidiary of any Credit Party, Loan Document, Obligation or transaction contemplated hereby or thereby, including Attorney Costs and (e) fees and disbursements of Attorney Costs of one law firm on behalf of all Lenders (other charges than Agent and the Lead Arrangers, and, if necessary, additional counsel required to accommodate conflicts of interest and a single local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions and, to the extent required by the subject matter, one specialist counsel for each specialized area of law in each appropriate jurisdiction)) incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document the matters referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iiiin clause (c) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)above.
Appears in 4 contracts
Samples: Credit Agreement (R1 RCM Inc. /DE), Credit Agreement (R1 RCM Inc. /DE), Credit Agreement (R1 RCM Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent Agent, the Lead Arranger and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel))Agent, in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable out-of-pocket documented costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any (i) fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iiiSection 5.12(d) and (ii) any fees, costs and expenses incurred in accordance with Section 5.06(b), collectively in an aggregate amount in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 4 contracts
Samples: Senior Secured Credit Agreement (SLR Investment Corp.), Senior Secured Credit Agreement (Solar Capital Ltd.), Senior Secured Credit Agreement (Solar Capital Ltd.)
Costs and Expenses. The Borrower shall pay pay:
(i) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent, which in the case of professional services will include only the reasonable fees, charges and disbursements of (1) one deal counsel, one regulatory counsel and one local real estate counsel for each state in which a Mortgage is entered into by any Loan Party (so long as none of the existing counsel is licensed in such state and practicing as real estate counsel in such state) to the Administrative Agent, (2) one title insurance company selected by the Administrative Agent and (3) one or more vendors selected by the Collateral Administrative Agent collectively (other than to perform any Phase I Environmental Site Assessments or similar environmental due diligence assessment, in each case, only to the allocated costs of internal counsel)), extent requested by the Administrative Agent) in connection with the syndication of the credit facilities provided for hereinCredit Facilities, the preparation preparation, negotiation, execution, and administration (other than internal overhead charges) delivery of this Agreement and the other Loan Documents (whether or not the transactions contemplated hereby shall be consummated),
(ii) all reasonable out of pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent) in connection with the administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, ),
(iiiii) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Issuing Bank Lenders in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and
(iiiiv) all out-of-out of pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender, Issuing Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Issuing Lender), in connection with the enforcement or protection of its rights rights:
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or or
(B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-out of pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording of such Loans or perfection Letters of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Credit.
Appears in 3 contracts
Samples: Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc)
Costs and Expenses. The Borrower Company shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their each of its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender, L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any L/C Issuer), and shall pay all fees and time charges for attorneys who may be employees of the Collateral Administrative Agent, the Issuing Bank any Lender or any Lender)L/C Issuer, in connection with the enforcement or protection of its rights rights, including any audit fees incurred when conducting any audit of any Loan Party or any Collateral during the continuance of any Event of Default (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit. The Company shall also pay for (or reimburse the Administrative Agent for any costs of) any real estate appraisals, limited updated appraisals, and (iv) all reasonable out-of-pocket costsenvironmental reports, expensesand any review of such appraisals, taxeslimited updated appraisals, assessments and other charges incurred environmental reports by the Administrative Agent’s internal or external consultants relating to Eligible Borrowing Base Real Estate, real estate that is included in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses calculation of the Independent Valuation Provider incurred pursuant Revolving Borrowing Base, or real estate that the Company seeks at any point to 5.12(b)(iii) have included in excess the calculation of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsRevolving Borrowing Base, in each case in to the aggregate incurred for all extent any such feesappraisal, costs and expenses in limited updated appraisal, or environmental report is required to be delivered to (or received by) the Administrative Agent pursuant to the terms of the Agreement, or is otherwise delivered or requested by the Company or any 12-month period (the “IVP Supplemental Cap”)Subsidiary.
Appears in 3 contracts
Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable and documented out-of-pocket fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)but only one counsel for all such Persons together), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit by such Issuing Bank or any demand for payment thereunder, (iii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agentany Issuing Bank, the Issuing Bank any Swingline Lender or any Lender, (including the reasonable and documented fees, charges and disbursements of one outside counsel for the Administrative Agent, the Collateral Agent, the each Issuing Bank or and each Swingline Lender as well as one outside counsel for the Lenders and additional counsel should any Lender)conflict of interest arise, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable and documented out-of-pocket costs, expenses, taxes, assessments and other charges reasonably incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Morgan Stanley Direct Lending Fund), Senior Secured Revolving Credit Agreement (Morgan Stanley Direct Lending Fund), Senior Secured Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp.)
Costs and Expenses. The Borrower shall pay agrees (i) to pay or reimburse each Agent for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereindevelopment, the preparation preparation, negotiation, syndication, protection and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents Documents, and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated hereby or thereby shall be are consummated) ), and the consummation and administration of the transactions contemplated hereby and thereby, including all costs and expenses of the Independent Valuation ProviderAttorney Costs, (ii) to pay or reimburse each L/C Issuer for all reasonable and documented out-of-pocket fees, costs and (including all Attorney Costs) expenses incurred by the Issuing Bank such L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) to pay or reimburse each Agent and each Lender for all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement of any rights or protection of its rights in connection with remedies under this Agreement and or the other Loan DocumentsDocuments (including with respect to the Loans and Letters of Credit, and including all such costs and expenses incurred during any legal proceeding, workout, restructuring or negotiations, including its rights any proceeding under this Section, or in connection with the Loans made or Letters of Credit issued hereunderany Debtor Relief Law), including all such Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred during by any workout, restructuring or negotiations in respect thereof Agent and (iv) all reasonable out-of-pocket the cost of independent public accountants and other outside experts retained by any Agent. If any Loan Party fails to pay when due any costs, expensesexpenses or other amounts payable by it hereunder or under any Loan Document, taxesincluding Attorney Costs and indemnities, assessments and other charges incurred in connection with any filing, registration, recording or perfection such amount may be paid on behalf of any security interest contemplated such Loan Party by any Security Document Agent or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsLender, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)its sole discretion.
Appears in 3 contracts
Samples: Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.)
Costs and Expenses. The Borrower shall pay (i) reimburse Agent for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket feesexpenses, costs including, without limitation, legal expenses and expenses attorneys’ fees (whether for internal or outside counsel), incurred by the Issuing Bank Agent in connection with the issuance(i) documentation and consummation of the transactions contemplated by or related to this Agreement and the Other Agreements, amendmentincluding, renewal without limitation, Uniform Commercial Code and other public record searches and filings, overnight courier or extension other express or messenger delivery, appraisal costs, surveys, title insurance and environmental audit or review costs; (ii) collection, protection or enforcement of any Letter of Credit rights in or any demand for payment thereunder, to the Collateral; (iii) collection of any Liabilities; and (iv) administration and enforcement of any of Agent’s and/or any Lender’s rights under this Agreement or any Other Agreement (including, without limitation, any costs and expense of any third party provider engaged by Agent for such purposes). Borrower shall also pay all normal service charges with respect to all accounts maintained by Borrower with any Lender and LaSalle and any additional services requested by Borrower from any Lender and LaSalle. All such costs, expenses and charges shall, if owed to LaSalle, be reimbursed by Agent and Lenders and in such event, or in the event such costs and expenses are owed to Agent or a Lender, shall constitute Liabilities hereunder, shall be payable by Borrower to Agent on demand, and until paid, shall bear interest at the highest rate then applicable to Revolving Loans hereunder. Agent shall provide invoices for such fees, costs, expenses and charges of Persons other than Agent or Lenders to Borrower promptly after receipt thereof from such Persons. In addition, during the occurrence and continuance of an Event of Default, Borrower shall reimburse each Lender for all documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxesincluding, assessments without limitation, legal expenses and other charges reasonable attorneys’ fees (whether for internal or outside counsel), incurred by such Lender in connection with any filingthe (i) collection, registration, recording protection or perfection enforcement of any security interest contemplated by any Security Document rights in or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement Collateral; (ii) collection of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 Liabilities; and (yiii) 0.05% administration and enforcement of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)of Lenders’ rights under this Agreement.
Appears in 3 contracts
Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp)
Costs and Expenses. The Borrower shall agrees (a) if the Closing Date occurs and to the extent not paid or reimbursed on or prior to the Closing Date, to pay or reimburse the Administrative Agent and Xxxxxxx Xxxxx Bank USA (iin its capacity as an Arranger) for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), such Arrangers incurred in connection with the syndication of the credit facilities provided for hereinpreparation, the preparation negotiation, syndication, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated thereby are consummated), and the consummation and administration of the transactions contemplated hereby or thereby shall be consummated) and thereby, including all costs and expenses Attorney Costs of the Independent Valuation Providera single counsel and, if necessary, a single local counsel in each relevant material jurisdiction, (iib) upon presentation of a summary statement, to pay or reimburse the Administrative Agent and the Lenders, taken as a whole, promptly following a written demand therefor for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension enforcement of any Letter rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all Attorney Costs of Credit one counsel to the Administrative Agent and the Lenders taken as a whole (and, if necessary, one local counsel in any relevant jurisdiction and solely in the case of a conflict of interest, one additional counsel in each relevant material jurisdiction to each group of affected Lenders similarly situated taken as a whole)) and (c) to pay or any demand reimburse the Administrative Agent for payment thereunder, (iii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agentfor field exams, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges appraisals and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), inspections performed in connection with the enforcement or protection Closing Date and at any time after the Closing Date if permitted by this Agreement. The agreements in this Section 10.04 shall survive the termination of its rights in connection with this Agreement the Aggregate Commitments and the repayment of all other Loan Documents, including its rights Obligations. All amounts due under this Section, or Section 10.04 shall be paid within thirty (30) days following receipt by the Borrower of an invoice relating thereto setting forth such expenses in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during reasonable detail. If any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket Loan Party fails to pay when due any costs, expensesexpenses or other amounts payable by it hereunder or under any Loan Document, taxes, assessments and other charges incurred such amount may be paid on behalf of such Loan Party by the Administrative Agent in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)its sole discretion.
Appears in 3 contracts
Samples: Abl Credit Agreement (United States Steel Corp), Abl Credit Agreement (United States Steel Corp), Abl Credit Agreement (United States Steel Corp)
Costs and Expenses. The Without limiting any Loan Document and to the extent not prohibited by applicable Laws, Borrower shall pay (i) when due, shall reimburse to Administrative Agent for the benefit of itself and Lenders on demand and shall indemnify Administrative Agent and Lenders from, all reasonable and documented out-of-pocket fees, costs costs, and expenses paid or incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereinnegotiation, the preparation and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents (and any amendments, modifications approvals, consents, waivers and releases requested, required, proposed or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lenderdone from time to time), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made disbursement, administration or Letters collection of Credit issued hereunderthe Loan or the enforcement of the obligations of Borrower or the exercise of any right or remedy of Administrative Agent, including (a) all such outfees and expenses of Administrative Agent’s counsel; (b) fees and charges of each Construction Consultant, inspector and engineer; (c) appraisal, re-of-pocket appraisal and survey costs; (d) title insurance charges and premiums; (e) title search or examination costs, including abstracts, abstractors’ certificates and uniform commercial code searches; (f) judgment and tax lien searches for Borrower and each Guarantor; (g) escrow fees; (h) fees and costs of environmental investigations, site assessments and remediations; (i) recordation taxes, documentary taxes, transfer taxes and mortgage taxes; (j) filing and recording fees; and (k) loan brokerage fees. Borrower shall pay all costs and expenses incurred during any workoutby Administrative Agent, restructuring or negotiations in respect thereof and (iv) all including reasonable out-of-pocket costsattorneys’ fees, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document if the obligations or any other document referred part thereof are sought to thereinbe collected by or through an attorney at law, whether or not involving probate, appellate, administrative or bankruptcy proceedings. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, pay all costs and expenses of complying with the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsLoan Documents, in each case in the aggregate incurred for all whether or not such fees, costs and expenses are included in the Budget. Borrower’s obligations under this Section shall survive the delivery of the Loan Documents, the making of advances, the payment in full of the Indebtedness, the release or reconveyance of any 12-month period (of the “IVP Supplemental Cap”)Loan Documents, the foreclosure of the Mortgage or conveyance in lieu of foreclosure, any bankruptcy or other debtor relief proceeding, and any other event whatsoever.
Appears in 3 contracts
Samples: Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their respective Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and and/or the Collateral Agent collectively (other than the allocated costs of internal counsel)), Agent) in connection with the syndication of the credit facilities provided for hereinherein (including the obtaining and maintaining of CUSIP numbers for the Loans), the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents or any amendment, amendment and any amendmentsrestatement, modifications modification or waivers waiver of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) ), including all costs in connection with post-closing searches to confirm that security filings and expenses of the Independent Valuation Providerrecordations have been properly made, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any LenderBank), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this SectionSection 10.03, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments documentary and other similar taxes and charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses respect of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loan Documents.
Appears in 3 contracts
Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (Inventiv Health Inc), Credit Agreement (Ventiv Health Inc)
Costs and Expenses. The Borrower shall agrees to pay or reimburse (ia) the Administrative Agent, each Arranger, each Bookrunner and each Syndication Agent, in each case together with their respective Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates, for all reasonable costs and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication development, preparation, negotiation and execution of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Sectionall Attorney Costs, or which Attorney Costs shall be limited to the reasonable fees and reasonable disbursements of Milbank LLP and, if reasonably necessary (in connection with the Loans made or Letters sole discretion of Credit issued hereunderthe Administrative Agent), including a single local counsel in each appropriate jurisdiction and a single insurance regulatory counsel, collectively, for each of the foregoing Persons, (b) each Agent-Related Person for all such reasonable costs and out-of-pocket expenses incurred in connection with any amendment, waiver, consent or other modification of the provisions hereof and thereof and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs, which Attorney Costs shall be limited to the reasonable fees and reasonable disbursements of a single primary counsel and, if reasonably necessary (in the sole discretion of the Administrative Agent), a single local counsel in each appropriate jurisdiction and a single insurance regulatory counsel, collectively, for each Agent-Related Person, and (c) each Agent-Related Person and each Lender for all costs and expenses incurred in connection with the enforcement, attempted enforcement or preservation of any rights or remedies under this Agreement (including this Section 10.04) or the other Loan Documents (including all such costs and expenses incurred during any “workout, ” or restructuring or negotiations in respect thereof of the Obligations and (iv) during any legal proceeding, including in any Insolvency Proceeding or appellate proceeding), including all reasonable fees, expenses and disbursements of any law firm or other external legal counsel. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes (other than income taxes) related thereto and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by each Agent-Related Person and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts (subject to the limitations above) retained by any Security Document such Agent-Related Person or any other document referred to thereinLender, as applicable. Unless an Event of Default has occurred and is continuing, All amounts due under this Section 10.04 shall be payable within ten (10) Business Days after written demand therefor. The agreements in this Section 10.04 shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses repayment of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of Revolving Loans and the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 3 contracts
Samples: Credit Agreement (KKR & Co. Inc.), Credit Agreement (KKR & Co. Inc.), Credit Agreement (KKR & Co. Inc.)
Costs and Expenses. The Borrower shall agrees, whether or not any Loan is made or a Letter of Credit issued under this Agreement, to pay or reimburse the Administrative Agent, each Bank and each Issuing Bank upon demand for (i) all reasonable and documented out-of-pocket fees, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereinsyndication, the preparation and administration (other than internal overhead charges) preparation, documentation, negotiation and/or execution of this Agreement and and/or any of the other Loan Documents Transaction Documents, subject to any limitation described in the Commitment Letter and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation ProviderXxxxx Fargo Fee Letter, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket feesrecording, costs filing and search fees and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights Agent in connection with this Agreement and and/or any of the other Loan Transaction Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including (iv) all such reasonable documented out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred during by the Administrative Agent in connection with the (A) the preparation, documentation, negotiation and execution of any workoutamendment, restructuring modification, extension, renewal or negotiations in respect thereof and restatement of this Agreement and/or any of the other Transaction Documents or (ivB) the preparation of any waiver or consent under this Agreement or under any of the other Transaction Documents, (v) if an Event of Default occurs, all reasonable documented out-of-pocket costscosts and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the Administrative Agent, taxes, assessments any Bank or any Issuing Bank in connection with such Event of Default and collection and other charges enforcement proceedings resulting therefrom and (vi) any civil penalty or fine assessed by OFAC against, and all reasonable documented costs and expenses (including counsel fees and disbursements) incurred in connection with defense thereof by, the Administrative Agent or any filingBank as a result of conduct of Borrower that violates a sanction enforced by OFAC. Borrower further agrees to pay or reimburse the Administrative Agent, registrationeach Bank and each Issuing Bank upon demand for any stamp or other similar taxes which may be payable with respect to the execution, delivery, recording or perfection and/or filing of this Agreement and/or any security interest contemplated of the other Transaction Documents. Borrower acknowledges and agrees that such attorneys’ fees and expenses referred to above shall be determined on the basis of rates then generally applicable to the attorneys (and all paralegals, accountants and other staff employed by such attorneys) retained by the Administrative Agent, any Security Document Bank or any other document referred to thereinIssuing Bank. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses All of the Independent Valuation Provider incurred pursuant to 5.12(b)(iiiobligations of Borrower under this Section 9.03(a) in excess shall survive the satisfaction and payment of Borrower’s Obligations and the greater termination of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)this Agreement.
Appears in 3 contracts
Samples: Loan Agreement (Laclede Gas Co), Loan Agreement (Laclede Group Inc), Loan Agreement (Laclede Gas Co)
Costs and Expenses. The Borrower Company shall pay (i) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable reasonable, out of pocket fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-out of pocket fees, costs and expenses incurred by the Issuing Bank L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-reasonable out of pocket fees, costs and expenses incurred by the Administrative Agent, any Lender or the Collateral Agent, the Issuing Bank or any Lender, L/C Issuer (including the reasonable out of pocket fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Collateral Agent, the Issuing Bank or any LenderL/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-out of pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and of such Loans or Letters of Credit; provided that pursuant to this clause (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuingiii), the Borrower Company shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant required to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all reimburse such fees, costs charges and expenses disbursements of more than one counsel to the Administrative Agent, the L/C Issuer and all the Lenders, taken as a whole, and if necessary, one local domestic or foreign counsel in any 12-month period (relevant domestic or foreign jurisdiction, to the “IVP Supplemental Cap”)Administrative Agent, the L/C Issuer and the Lenders, taken as a whole, unless the representation of one or more Lenders by such counsel would be inappropriate due to the existence of an actual conflict of interest, in which case, upon prior written notice to the Company, the Company shall also be required to reimburse the reasonable out of pocket fees, charges and disbursements of one additional counsel to such affected Lenders in each relevant jurisdiction.
Appears in 3 contracts
Samples: Credit Agreement (FTD Companies, Inc.), Credit Agreement (FTD Companies, Inc.), Credit Agreement (United Online Inc)
Costs and Expenses. The Borrower shall agrees (a) to pay (i) or reimburse the Administrative Agent and the Arrangers for all reasonable and documented (in reasonable detail) out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the preparation, negotiation, syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated hereby or and thereby shall be are consummated) ), and the consummation and administration of the transactions contemplated hereby and thereby, including all costs Attorney Costs of (i) Xxxxxx, Xxxxx & Xxxxxxx LLP (as counsel to the Administrative Agent and expenses of the Independent Valuation ProviderArrangers, taken as a whole), (ii) [reserved] and (iii) if reasonably necessary, one local counsel for the Administrative Agent and the Arrangers taken as a whole in each relevant jurisdiction material to the interests of the Agents, the Issuers and the Lenders (which, where reasonably practicable, may be a single law firm acting as local counsel in multiple relevant jurisdictions), and (b) to pay or reimburse the Administrative Agent, the Issuers and the Lenders for all reasonable and documented in reasonable detail out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension enforcement of any Letter of Credit rights or any demand for payment thereunder, remedies under this Agreement or the other Loan Documents (iii) including all out-of-pocket fees, such costs and expenses incurred by during any legal proceeding, including any proceeding under any Debtor Relief Law, and including all Attorney Costs of one counsel to the Administrative Agent, the Collateral AgentIssuers and the Lenders taken as a whole (and, the Issuing Bank or any Lenderif reasonably necessary, (including fees, charges and disbursements of one local counsel for to the Administrative Agent, the Collateral Issuers and the Lenders in any relevant jurisdiction material to the interests of the Agents, the Issuers and the Lenders (which, where reasonably practicable, may be a single law firm acting as local counsel in multiple relevant jurisdictions) and, in the event of any conflict of interest between any of the Administrative Agent, the Issuing Bank or any LenderIssuers and the Lenders (where the Person affected by such conflict of interest has informed the Borrower of such conflict), one additional counsel in connection each relevant jurisdiction to each group of affected Lenders and/or Issuers similarly situated taken as a whole)). The agreements in this Section 12.3 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 12.3 shall be paid promptly following receipt by the Borrower of an invoice relating thereto setting forth such expenses in reasonable detail. If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such Loan Party by the Administrative Agent in its sole discretion. The Borrower and each other Loan Party hereby acknowledge that the Administrative Agent, any Issuer and/or any Lender may receive a benefit, including a discount, credit or other accommodation, from any of such counsel based on the fees such counsel may receive on account of their relationship with the enforcement or protection of its rights in connection with Administrative Agent, such Issuer, and/or such Lender, including fees paid pursuant to this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loan Document.
Appears in 3 contracts
Samples: Credit Agreement (BJ's Wholesale Club Holdings, Inc.), Credit Agreement (BJ's Wholesale Club Holdings, Inc.), Credit Agreement (BJ's Wholesale Club Holdings, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel))Agent, in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral AgentIssuing Bank, the Issuing Bank Swingline Lender or any Lender, (including the reasonable fees, charges and disbursements of one outside counsel and one local counsel in each applicable jurisdiction for the Administrative Agent, the Collateral Agent, the Issuing Bank or and the Swingline Lender as well as one outside counsel for the Lenders and additional counsel should any Lender)conflict of interest arise, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof thereof, and (iv) and all reasonable out-of-pocket documented costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event For the avoidance of Default has occurred and is continuingdoubt, this Section 9.03(a) shall not apply to Taxes, the Borrower shall not be responsible for the reimbursement payment of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)which is governed by Section 2.16.
Appears in 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp), Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp), Senior Secured Revolving Credit Agreement (Stellus Capital Investment Corp)
Costs and Expenses. (a) The Borrower Participant shall indemnify and keep IFC indemnified against, and promptly upon demand by IFC pay to IFC, its pro rata share (i) all in the same proportion as the Relevant Participation bears to the whole of the B Loan), of any liabilities, costs, damages and reasonable and documented out-of-pocket fees, costs and expenses incurred by IFC in respect of the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), B Loan in connection with the syndication implementation or enforcement of the credit facilities provided for herein, the preparation and administration (IFC Investment Agreement or any other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection agreement with the issuanceCompany, amendmentor the Project Funds Agreement or the Security, renewal or extension the protection or preservation of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, thereunder or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations matter arising therefrom and against any sums in respect thereof of the B Loan which IFC may be required to pay to any person thereunder (and (iv) all reasonable out-of-pocket costswhich are not the result of IFC's own gross negligence or willful misconduct). IFC acknowledges, expenseshowever, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection that it will seek reimbursement of any security interest contemplated by such costs and expenses from the Company in the first instance (without being under any Security Document obligation to commence legal proceedings or take any other action beyond making demand for such reimbursement), that any monies received from the Company will be allocated pro rata to costs and expenses attributable to the A Loan and the B Loan, and that it will only ask the Participants for reimbursement of a pro rata share of such costs and expenses if and to the extent that the Company does not reimburse the full amount of such costs and expenses to IFC. Any request for reimbursement will provide reasonable details of the costs and expenses involved.
(b) Without prejudice to the foregoing, IFC shall be entitled, before exercising any discretion or performing any duties in respect of the B Loan under this Agreement, the IFC Investment Agreement, or any other document referred agreement with the Company or the Project Funds Agreement or the Security to therein. Unless an Event be indemnified by the Participants (pro rata to the participation in the B Loan of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses each of the Independent Valuation Provider incurred pursuant Participants) against any liability directly resulting from such exercise on such terms as IFC may reasonably require.
(c) Any costs and/or expenses which apply to 5.12(b)(iii) the preservation or protection of both the A Loan and the B Loan and their respective rights or which arise in excess respect of both the A Loan and the B Loan shall be allocated pro rata between the A Loan and the B Loan; and the Participants shall bear their respective shares of the greater of portion allocated to the B Loan, as provided in subsections (xa) $200,000 and (yb) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)above.
Appears in 3 contracts
Samples: Participation Agreement (Panda Global Holdings Inc), Participation Agreement (Panda Global Holdings Inc), Participation Agreement (Panda Global Holdings Inc)
Costs and Expenses. The Borrower Co-Borrowers shall jointly and severally pay or cause the applicable Loan Party to pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent Agent, the Escrow Agent, the Mandated Lead Arrangers, the Incremental Mandated Lead Arrangers, and their respective Affiliates (including the reasonable fees, charges and disbursements of one outside primary transaction counsel and of any necessary special and/or (plus local counsel in each applicable jurisdiction) for the Administrative Agent and and/or the Collateral Agent collectively (other than and/or the allocated costs Escrow Agent, all fees and time charges for attorneys who may be employees of internal counsel))the Administrative Agent and/or Collateral Agent and/or Escrow Agent, expenses incurred in connection with due diligence, inventory appraisal and collateral audit and reporting fees, travel, courier, reproduction, printing and delivery expenses, and the obtaining and maintaining of CUSIP numbers for the Loans) in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents Documents, in connection with each step of the Permitted Reorganization, the Aleris Acquisition and the Permitted Holdings Amalgamation, and in connection with any amendmentsamendment, modifications amendment and restatement, modification or waivers waiver of the provisions hereof or thereof of any of the foregoing (whether or not the transactions contemplated hereby or thereby shall be consummated) ), including all costs in connection with post-closing searches to confirm that security filings and expenses of the Independent Valuation Providerrecordations have been properly made, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Escrow Agent, any Lender or any Lender, Receiver (including the fees, charges and disbursements of one primary counsel (plus local or special counsel in each applicable jurisdiction) for the Administrative Agent, Agent and/or the Collateral Agent and/or the Escrow Agent (and all fees and time charges for attorneys who may be employees of the Administrative Agent and/or the Collateral Agent and/or the Escrow Agent) and one primary counsel (plus local or special counsel in each applicable jurisdiction) for the Lenders, the Issuing Bank and one primary counsel (plus local or special counsel in each applicable jurisdiction) for any LenderReceiver), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this SectionSection 11.03, (B) in enforcing, preserving and protecting, or attempting to enforce, preserve or protect its interests in the Collateral, the Escrow Account, the Escrowed Amounts, and the Escrowed Term Loans or (C) in connection with the Escrowed Account, the Escrowed Amounts, and the Loans made or Letters of Credit issued hereunderhereunder (including the Escrowed Term Loans), including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Escrow Account, Escrowed Amounts, the Loans and/or the Escrowed Term Loans and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments documentary and other similar taxes and charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses respect of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loan Documents.
Appears in 3 contracts
Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)
Costs and Expenses. The Each Borrower shall agrees, severally and not jointly, and whether or not any Loan is made or a Letter of Credit issued under this Agreement, to pay or reimburse the Administrative Agent, each Bank and each Issuing Bank upon demand for (i) its Applicable Share of all reasonable and documented out-of-pocket feescosts and expenses (including, costs without limitation, reasonable attorneys’ fees and expenses) incurred by the Administrative Agent and its Affiliates in connection with the syndication, preparation, documentation, negotiation and/or execution of this Agreement and/or any of the other Transaction Documents, subject to any limitation described in the Commitment Letter and Xxxxx Fargo Fee Letter, (ii) its Applicable Share of all recording, filing and search fees and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication this Agreement and/or any of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation ProviderTransaction Documents, (iiiii) its Applicable Share of all reasonable and documented out-of-pocket fees, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the Issuing Bank Administrative Agent in connection with the issuance(A) the preparation, documentation, negotiation and execution of any amendment, modification, extension, renewal or extension restatement of this Agreement and/or any of the other Transaction Documents or (B) the preparation of any Letter waiver or consent under this Agreement or under any of Credit or any demand for payment thereunderthe other Transaction Documents, (iiiiv) if an Event of Default with respect to such Borrower occurs, all reasonable documented out-of-pocket fees, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the Administrative Agent, the Collateral Agent, the Issuing any Bank or any LenderIssuing Bank in connection with such Event of Default and collection and other enforcement proceedings resulting therefrom and (v) its Applicable Share of any civil penalty or fine assessed by OFAC against, and all reasonable documented costs and expenses (including feescounsel fees and disbursements) incurred in connection with defense thereof by, charges the Administrative Agent or any Bank as a result of the conduct of such Borrower that violates a sanction enforced by OFAC (unless such penalty, fine, cost or expense is attributable to a specific Borrower, in which case such Borrower shall be solely liable for such amount). Each Borrower acknowledges and disbursements agrees that such attorneys’ fees and expenses referred to above shall be determined on the basis of counsel for rates then generally applicable to the attorneys (and all paralegals, accountants and other staff employed by such attorneys) retained by the Administrative Agent, the Collateral Agent, the Issuing any Bank or any Lender), in connection with Issuing Bank. All of the enforcement or protection obligations of its rights in connection with each Borrower under this Agreement Section 9.03(a) shall survive the satisfaction and payment of such Borrower’s Obligations and the other Loan Documents, including its rights under termination of this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Agreement.
Appears in 3 contracts
Samples: Loan Agreement (Spire Missouri Inc), Loan Agreement (Spire Missouri Inc), Loan Agreement (Laclede Gas Co)
Costs and Expenses. The Borrower shall pay agrees (i) to pay or reimburse the Administrative Agent, the Collateral Agent and the Lead Arranger for all reasonable costs and documented expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs, (ii) to pay or reimburse the Administrative Agent and the Collateral Agent for all reasonable out-of-pocket fees, costs and expenses incurred in connection with the enforcement, attempted enforcement, or preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs, and (iii) after the occurrence and during the continuance of an Event of Default, to pay or reimburse each Lender for all reasonable out-of-pocket costs and expenses incurred in connection with any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Lead Arranger and the Collateral Agent collectively (cost of independent public accountants and other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred outside experts retained by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement Agent and the other Loan Documents, including its rights Lead Arranger. All amounts due under this Section, or Section 11.04 shall be payable within ten Business Days after demand therefor. The agreements in connection with this Section 11.04 shall survive the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess aggregate Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Everi Holdings Inc.), Credit Agreement (Everi Holdings Inc.)
Costs and Expenses. The Without limitation of any Loan Document and to the extent not prohibited by applicable Laws, (a) Borrower shall pay (i) all reasonable when due, and documented out-of-pocket feesreimburse to Agent to the extent paid by Agent on demand, costs and expenses incurred by the Administrative Agentindemnify Agent from, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses paid or incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), Agent in connection with the enforcement or protection negotiation, preparation and execution of its rights in connection with this Agreement and the other Loan DocumentsDocuments (and any amendments, including its rights under this Sectionapprovals, consents, waivers and releases requested, required, proposed or done from time to time), or in connection with the Loans made disbursement, administration or Letters collection of Credit issued hereunderthe Loan or the enforcement of the Obligations or the exercise of any right or remedy of Agent, including reasonable fees and expenses of Agent's counsel, and (b) Borrower shall reimburse to Lenders to the extent paid by Lenders on demand, and indemnify Lenders from, all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses paid or incurred by Lenders in connection with the collection of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Loan after Default or the enforcement of the greater Obligations or the exercise of (x) $200,000 any right or remedy of Lenders, including reasonable fees and (y) 0.05% expenses of the total Commitments, in each case in the aggregate incurred for Lenders' counsel. Borrower shall pay all such fees, costs and expenses incurred by Agent or Lenders, including attorneys' fees, if the Obligations or any part thereof are sought to be collected by or through an attorney at law, whether or not involving probate, appellate, administrative or bankruptcy proceedings. Borrower shall pay all costs and expenses of complying with the Loan Documents. Borrower's obligations under this Section shall survive the delivery of the Loan Documents, the making of Advances, the payment in full of the Obligations, the release or termination of the Loan Documents, any 12-month period (bankruptcy or other debtor relief proceeding, and any other event whatsoever. Borrower acknowledges that none of the “IVP Supplemental Cap”)foregoing costs and expenses are included in the Commitment Fee.
Appears in 2 contracts
Samples: Loan Agreement (Camden Property Trust), Loan Agreement (Camden Property Trust)
Costs and Expenses. The Borrower shall pay (i) all reasonable documented and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of up to one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including including, subject to the last sentence of this clause (a), all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender, (including the reasonable and documented fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereundermade, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iviii) and all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to Sections 5.06(b) and 5.12(b)(iii) in excess of (i) the greater of (x) $200,000 and or (y) 0.05.05% of the total CommitmentsTotal Commitments minus (ii) reimbursement of fees, costs and expenses of the Revolving Independent Valuation Provider incurred pursuant to Section 5.12(b)(iii) of the Revolving Credit Facility, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable reasonable, documented and documented out-of-pocket fees, costs and expenses actually incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable reasonable, documented and out-of-pocket fees, charges and disbursements of up to one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including including, subject to the last sentence of this clause (a), all reasonable, documented and out-of-pocket costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses expense incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all documented and out-of-pocket fees, costs and expenses actually incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including the reasonable, documented and out-of-pocket fees, charges and disbursements of one outside counsel for the Administrative Agent, Agent and the Collateral Agent, taken as a whole, and one additional counsel for the Issuing Bank or any Lender)Lenders, taken as a whole, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented and out-of-pocket expenses actually incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable reasonable, documented and out-of-pocket costs, expenses, taxes, assessments and other charges actually incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to Sections 5.06(b) and 5.12(b)(iii) in excess of the greater of (x) $200,000 and or (y) 0.05.05% of the total Total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (First Eagle Alternative Capital BDC, Inc.), Senior Secured Revolving Credit Agreement (THL Credit, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether Whether or not the transactions contemplated hereby or thereby shall be consummated, Borrower agrees to pay promptly (a) including all the Administrative Agent’s actual, documented, and reasonable costs and expenses of preparation of the Independent Valuation ProviderLoan Documents and any consents, amendments, waivers or other modifications thereto; (iib) all the reasonable and documented out-of-pocket fees, expenses and disbursements of counsel to Agents in connection with the negotiation, preparation, execution and administration of the Loan Documents and any consents, amendments, waivers or other modifications thereto and any other documents or matters requested by Borrower; (c) all the actual and documented reasonable costs and expenses of creating and perfecting Liens in favor of Collateral Agent, for the benefit of Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable and documented fees, expenses and disbursements of counsel to each Agent and of counsel providing any opinions that any Agent or Required Lenders may request in respect of the Collateral or the Liens created pursuant to the Collateral Documents; (d) all the Administrative Agent’s actual costs and reasonable fees, expenses for, and disbursements of any of Administrative Agent’s, auditors, accountants, consultants or appraisers whether internal or external, and all reasonable attorneys’ fees (including expenses and disbursements of outside counsel) incurred by Administrative Agent; (e) all the actual and documented reasonable costs and expenses (including the reasonable and documented fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (f) all other actual, documented, and reasonable costs and expenses incurred by the Issuing Bank each Agent in connection with the issuancenegotiation, amendmentpreparation and execution of the Loan Documents and any consents, renewal amendments, waivers or extension other modifications thereto and the transactions contemplated thereby; and (g) after the occurrence of any Letter a Default or an Event of Credit or any demand for payment thereunderDefault, (iii) all out-of-pocket fees, costs and expenses expenses, including reasonable attorneys’ fees (including allocated costs of internal counsel) and costs of settlement, incurred by any Agent and Lenders in enforcing any Obligations of or in collecting any payments due from any Loan Party hereunder or under the Administrative Agent, the Collateral Agent, the Issuing Bank other Loan Documents by reason of such Default or any Lender, Event of Default (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the sale of, collection from, or other realization upon any of the Collateral or the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, Guaranty) or in connection with the Loans made any refinancing or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred credit arrangements provided hereunder in the nature of a “work out” or pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)insolvency or bankruptcy cases or proceedings.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (NXT-Id, Inc.), Senior Secured Credit Agreement (NXT-Id, Inc.)
Costs and Expenses. The Borrower shall agrees to pay or reimburse (ia) the Administrative Agent, the Arranger, the Bookrunner and the Syndication Agent, in each case together with their respective Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates, for all reasonable and documented costs and out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication development, preparation, negotiation and execution of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Sectionall Attorney Costs, or which Attorney Costs shall be limited to the reasonable and documented fees and disbursements of Milbank LLP and, if reasonably necessary (in connection with the Loans made or Letters sole discretion of Credit issued hereunderthe Administrative Agent), including a single local counsel in each appropriate jurisdiction and a single insurance regulatory counsel, collectively, for each of the foregoing Persons, (b) each Agent-Related Person for all such reasonable and documented costs and out-of-pocket expenses incurred in connection with any amendment, waiver, consent or other modification of the provisions hereof and thereof and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs, which Attorney Costs shall be limited to the reasonable and documented fees disbursements of a single primary counsel and, if reasonably necessary (in the sole discretion of the Administrative Agent), a single local counsel in each appropriate jurisdiction and a single insurance regulatory counsel, collectively, for each Agent-Related Person, and (c) each Agent-Related Person and each Lender for all costs and expenses incurred in connection with the enforcement, attempted enforcement or preservation of any rights or remedies under this Agreement (including this Section 10.04) or the other Loan Documents (including all such costs and expenses incurred during any “workout, ” or restructuring or negotiations in respect thereof of the Obligations and (iv) during any legal proceeding, including in any Insolvency Proceeding or appellate proceeding), including all reasonable fees, expenses and disbursements of any law firm or other external legal counsel. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by each Agent-Related Person and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts (subject to the limitations above) retained by any Security Document such Agent-Related Person or any other document referred to thereinLender, as applicable. Unless an Event of Default has occurred and is continuing, All amounts due under this Section 10.04 shall be payable within ten (10) Business Days after written demand therefor. The agreements in this Section 10.04 shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses repayment of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of Revolving Loans and the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Employers Holdings, Inc.), Credit Agreement (Employers Holdings, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable and documented fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs ), and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender, Lender (including the documented fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent or any Lender, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans. The foregoing costs and expenses shall include (ivi) all search, filing, and recording charges, and fees and taxes related thereto, (ii) other reasonable out-of-pocket costs, expenses, taxes, assessments expenses incurred by the Administrative Agent and other charges incurred each Related Party thereof arising with respect to or in connection with any filingcreating and perfecting Liens in favor of the Administrative Agent, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement benefit of Secured Parties pursuant hereto or otherwise relating to the Collateral, including the reasonable and documented tees, expenses and disbursements of counsel to the Administrative Agent and of counsel providing any feesopinions that the Administrative Agent or Required Lenders may request in respect of Collateral or the Liens created pursuant to the Collateral Documents, and (iii) all the reasonable costs and expenses (including the reasonable and documented fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by the Administrative Agent and its counsel) in connection with the custody or preservation of any of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Collateral.
Appears in 2 contracts
Samples: Credit Agreement (Exponential Interactive, Inc.), Credit Agreement (Exponential Interactive, Inc.)
Costs and Expenses. The Borrower Borrowers shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank any L/C Issuers in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, any Lender or the Collateral Agent, the Issuing Bank or any Lender, L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any L/C Issuer), and shall pay all fees and time charges for attorneys who may be employees of the Collateral Administrative Agent, the Issuing Bank any Lender or any Lender)L/C Issuer, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit; provided, so long as there is no conflict of interest between the Lenders and/or the L/C Issuers, the reimbursement of outside attorneys’ fees and costs shall be limited to the cost of one counsel for the Administrative Agent and an additional counsel for the Lenders and the L/C Issuers. The foregoing costs and expenses shall include (ivi) all search, filing, and recording charges, and fees and taxes related thereto, (ii) other reasonable out-of-pocket costs, expenses, taxes, assessments expenses incurred by the Administrative Agent and other charges incurred each Related Party thereof arising with respect to or in connection with any filingcreating and perfecting Liens in favor of the Administrative Agent, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement benefit of any Secured Parties pursuant hereto or otherwise relating to the Collateral, including the reasonable fees, expenses and disbursements of counsel to the Administrative Agent and of counsel providing any opinions that the Administrative Agent or Required Lenders may request in respect of Collateral or the Liens created pursuant to the Collateral Documents, and (iii) all the reasonable costs and expenses (including the reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by the Administrative Agent and its counsel) in connection with the custody or preservation of any of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Collateral.
Appears in 2 contracts
Samples: Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (its Affiliates, including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel))Agent, in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable and documented out-of-pocket fees, costs expenses incurred by the Swingline Lender in connection with any Swingline Loan and (iv) all documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral AgentIssuing Bank, the Issuing Bank Swingline Lender or any Lender, (including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral AgentIssuing Bank, the Issuing Bank Swingline Lender or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof (provided that such costs of counsel and other professionals shall be limited to one counsel and one professional for the Administrative Agent, the Issuing Bank, the Swingline Lender or the Lenders taken as a whole (and in the case of a conflict of interests among or between the Administrative Agent, the Issuing Bank, the Swingline Lender or any Lender, one additional counsel to each affected party and, if necessary, one local counsel to the Administrative Agent, the Issuing Bank, the Swingline Lender or any Lender taken as a whole in each appropriate jurisdiction)) and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Oaktree Finance, LLC), Senior Secured Revolving Credit Agreement (Oaktree Capital Group, LLC)
Costs and Expenses. The Each Borrower and each Guarantor (jointly and severally) shall pay (ia) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent Lender and their its Affiliates (including including, but not limited to, the reasonable fees, charges and disbursements of one law firm acting as outside counsel and of any necessary special and/or local counsel for the Administrative Agent Lender and one law firm acting as local counsel in each jurisdiction, the costs of appraisals, public record searches, environmental reports and reviews thereof, title work, recording fees, recording taxes and the Collateral Agent collectively (other than the allocated costs of internal counselany other related documents or examinations and investigations of the properties of Borrower and Guarantor and/or Borrower’s and Guarantor’s operations)), whether incurred prior to or from and after the date hereof, in connection with the syndication of due diligence process and/or the credit facilities provided for hereinpreparation, the preparation negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses the perfection of Lender’s Liens in the Independent Valuation ProviderCollateral, and (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iiib) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, Lender (including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the preservation, administration, enforcement or and/or protection of its rights (i) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (ii) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. If any Borrower should fail to pay any tax or other amount required by this Agreement to be paid or which may be reasonably necessary to protect or preserve any Collateral or such Borrower’s or Lender’s interests therein, Lender may make such payment and the amount thereof shall be payable on demand, shall bear interest at the Default Rate from the date of demand until paid and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments shall be deemed to be Obligations entitled to the benefit and other charges incurred in connection with any filing, registration, recording or perfection security of any security interest contemplated by any Security Document or any other document referred the Loan Documents. The requirement to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, pay costs and expenses provided for herein shall survive termination of this Agreement, be a part of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of Obligations and be secured by the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Collateral.
Appears in 2 contracts
Samples: Master Loan Agreement (Asbury Automotive Group Inc), Master Loan Agreement (Asbury Automotive Group Inc)
Costs and Expenses. The Borrower All costs and expenses incurred in performing and complying with Grantors' covenants set forth herein shall be borne solely by Grantors. If Grantors shall fail, refuse or neglect to make any payment or perform any act required herein, then at any time thereafter, and without notice to or demand upon Grantors and without waiving or releasing any other right, remedy or recourse Beneficiary may have because of same, Beneficiary may (but shall not be obligated to) make such payment or perform such act for the account of and at the expense of Grantors, and shall have the right to rent the Mortgaged Property for such purpose and to take all such actions and expend such sums thereon and with respect to the Mortgaged Property as it may deem necessary or appropriate. Grantors shall pay or reimburse Beneficiary against any and all such expenses and costs. To the extent not prohibited by applicable law, Grantors will pay all costs and expenses and reimburse Beneficiary for any and all expenditures of every character incurred or expended from time to time, regardless of whether or not a default shall have occurred hereunder, in connection with Beneficiary's evaluating, monitoring, administering and protecting the Mortgaged Property, and creating, perfecting and realizing upon Beneficiary's security interests in and liens on the Mortgaged Property, including, without limitation, all appraisal fees, consulting fees, filing fees, taxes, brokerage fees and commissions, fees incident to security interest, lien and other title searches and reports, escrow fees, attorneys' fees, legal expenses, court costs, auctioneer fees and expenses, other fees and expenses incurred in connection with the liquidation or sale of the Mortgaged Property and all other professional fees. Any amount to be paid hereunder by Grantors to Beneficiary, to the extent not prohibited by applicable law, shall be payable upon demand and shall bear interest from the date of expenditure until paid at the lesser of (i) the rate of interest provided in the Note for past due installments of principal and/or interest, or (ii) the maximum nonusurious rate of interest from time to time permitted by applicable law ("Highest Lawful Rate"). At all reasonable such times, if any, that Chapter One ("Chapter One") of Title 79, Texas Revised Civil Statutes, 1925, as amended (the "Texas Credit Code") establishes the Highest Lawful Rate, the Highest Lawful Rate shall be the "indicated rate ceiling" (as defined in Chapter One) from time to time in effect unless the Note specifically provides otherwise. Grantors shall indemnify Beneficiary for any expenses incurred by Beneficiary pursuant to this paragraph, and documented out-of-pocket feesshall indemnify Beneficiary against all losses, expenses, damage, claims and causes of action, incurred or accruing by reason of any acts performed by Beneficiary pursuant to the provisions of this paragraph. To the extent not prohibited by applicable law, the sum of all such costs and expenses incurred by Beneficiary pursuant to this paragraph and not reimbursed by Grantors shall be added to the Administrative Agent, the Collateral Agent Indebtedness and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication thereafter shall form a part of the credit facilities provided for herein, the preparation same; and administration (other than internal overhead charges) it shall be secured by this Deed of this Agreement Trust and the other Loan Documents and any amendments, modifications or waivers by subrogation to all of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses rights of the Independent Valuation Providerperson, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal corporation or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all body politic receiving such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)payment.
Appears in 2 contracts
Samples: Letter Loan Agreement (Rawson Koenig Inc), Letter Loan Agreement (Rawson Koenig Inc)
Costs and Expenses. The Borrower shall Guarantor agrees to pay on demand all reasonable expenses of the Administrative Agent (including the non-duplicative fees and reasonable expenses of counsel (including expenses of in-house counsel) and of local counsel, if any, who may be retained by such counsel) in connection with:
(i) all reasonable the negotiation, preparation, execution, syndication and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication delivery of the credit facilities provided for hereinCredit Agreement, the preparation and administration (other than internal overhead charges) of this Agreement Guaranty and the other Loan Documents Documents, including schedules and exhibits, and any amendments, waivers, consents, supplements or other modifications to the Credit Agreement, this Guaranty or waivers of the provisions hereof or thereof (other Loan Documents as may from time to time hereafter be required, whether or not the transactions contemplated hereby or thereby shall be are consummated) including all costs and expenses of the Independent Valuation Provider, ; and
(ii) the preparation and/or review of the form of any document or instrument relevant to the Credit Agreement, this Guaranty or any other Loan Document. Guarantor further agrees to pay, and to save the Administrative Agent and the Banks, and their respective Affiliates, harmless from all liability for, any stamp or other Taxes (other than income taxes of the Administrative Agent or the Banks) which may be payable in connection with the execution or delivery of the Credit Agreement, any Borrowing thereunder, the issuance of the Notes, if any, this Guaranty or any other Loan Document. Guarantor also agrees to reimburse the Administrative Agent and each Bank upon demand for all reasonable expenses (including attorneys' fees and documented out-of-pocket fees, costs and expenses legal expenses) incurred by the Issuing Administrative Agent or such Bank in connection with the issuance, amendment, renewal or extension enforcement of any Letter Guaranteed Obligations or obligations hereunder and the consideration of Credit legal issues relevant hereto and thereto whether or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and not such expenses are incurred by the Administrative AgentAgent on its own behalf or on behalf of the Banks. All obligations of Guarantor provided for in this Section 7.1 shall survive termination of this Guaranty. Notwithstanding the foregoing, the Collateral Agent, Administrative Agent or a Bank shall not have the Issuing Bank right to reimbursement under this Section 7.1 for amounts determined by a court of competent jurisdiction to have arisen from the gross negligence or any Lender, (including fees, charges and disbursements willful misconduct of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)a Bank.
Appears in 2 contracts
Samples: Guaranty (Conseco Inc), Guaranty (Conseco Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Sustainability Structuring Agent and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent, the Sustainability Structuring Agent and the Collateral Agent Agent, collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including including, subject to the last sentence of this paragraph (a), all costs and expenses of the Independent Valuation ProviderApproved Third-Party Appraiser retained by the Administrative Agent, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Sustainability Structuring Agent or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Sustainability Structuring Agent or any Lender), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, the Sustainability Structuring Agent or any Lender, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereundermade, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iviii) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider Approved Third-Party Appraiser retained by the Administrative Agent incurred pursuant to 5.12(b)(iiiSection 5.12(b)(ii)(J) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.), Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.)
Costs and Expenses. The Borrower shall agrees (a) to pay (i) or reimburse the Administrative Agent and Lenders for all reasonable and documented out-of-pocket fees, costs and expenses incurred by after the Administrative Agent, the Collateral Agent and their Affiliates Closing Date (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), but not before) in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents Documents, and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof and thereof requested by the Borrower or thereof negotiated in consultation with Borrower (in each case, whether or not the transactions contemplated hereby or thereby shall be are consummated) ), including all costs and expenses of the Independent Valuation ProviderAttorney Costs, (iib) to pay or reimburse the Administrative Agent and each Lender for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension enforcement of any Letter rights or remedies under this Agreement or the other Loan Documents (including all Attorney Costs and other costs and expenses incurred in connection with any workout or restructuring in respect of Credit or the Loans and all such costs and expenses incurred during any demand for payment thereunderlegal proceeding and (c) without limiting the generality of the foregoing, (iii) to pay all reasonable and documented out-of-pocket feesfees and expenses of any financial advisory, appraisers or accounting firm retained by or for the benefit of the Administrative Agent or Lenders or by Xxxxxx & Xxxxxxx LLP, as counsel to the Lenders. The foregoing costs and expenses incurred by the Administrative Agentshall include all reasonable search., the Collateral Agentfiling, the Issuing Bank or any Lender, (including fees, recording and title insurance charges and disbursements of counsel for the Administrative Agentfees related thereto, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable and documented out-of-pocket expenses incurred during by the Administrative Agent. The agreements in this Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within ten (10) Business Days of receipt by the Borrower of an invoice relating thereto setting forth such expenses in reasonable detail. If any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket Loan Party fails to pay when due any costs, expensesexpenses or other amounts payable by it hereunder or under any Loan Document, taxes, assessments and other charges incurred such amount may be paid on behalf of such Loan Party by the Administrative Agent in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)its sole discretion.
Appears in 2 contracts
Samples: Credit Agreement (Amryt Pharma PLC), Credit Agreement (Amryt Pharma PLC)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable and documented fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for hereinfacilities, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and Credit Documents, or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, ; and (iii) all documented out-of-pocket fees, costs and expenses incurred by the Lead Arrangers, the Administrative Agent, the Collateral Lenders, the Issuing Lender, the Documentation Agent, the Issuing Bank or any Lender, Syndication Agent and the Swap Counterparties (including the fees, charges charges, expenses, and disbursements of any counsel for the Lead Arrangers, the Administrative Agent, the Collateral Lenders, the Issuing Lender, the Documentation Agent, the Issuing Bank or any LenderSyndication Agent and the Swap Counterparties), in connection with the enforcement or protection of its rights (A) in connection with this Agreement Agreement, the other Credit Documents and the other Loan DocumentsHedging Arrangements with Swap Counterparties, including its rights under this Section, or (B) in connection with the Loans Advances made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Advances or Letters of Credit, and (iv) all reasonable out-of-out of pocket costs, expenses, taxes, assessments and other charges expenses of the Lenders incurred in connection the case of documentary taxes with respect to any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to thereinCredit Document. Unless an Event of Default has occurred and is continuingNotwithstanding the foregoing, the Borrower shall not be responsible for the reimbursement of any obligations incurred under clause (iii) hereof except for, attorney’s fees, costs expenses and expenses charges for (w) one primary counsel of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of Lead Arrangers, the greater of Administrative Agent, the Lenders, the Issuing Lender, the Documentation Agent, the Syndication Agent and the Swap Counterparties (taken as a whole), (x) $200,000 if necessary, a single firm of local counsel in each appropriate jurisdiction, and (y) 0.05% additional counsel if such representation by a single counsel would be inappropriate due to the existence of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)an actual or reasonably perceived conflict of interest.
Appears in 2 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)
Costs and Expenses. The Borrower shall promptly pay (i) all taxes and assessments and all reasonable and documented out-of-pocket feesexpenses, charges, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities fees provided for herein, the preparation and administration (other than internal overhead charges) of in this Agreement or relating to the Loan, including, without limitation, fees and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with protective advances made by Lender under this Agreement, any filing, registration, reasonable fees incurred for recording or perfection filing any of the Acquisition Loan Documents, title insurance premiums and charges, tax service contract fees, fees of any security interest contemplated consultants, reasonable fees and expenses of Lender's counsel, documentation, closing, and processing fees, printing, photostating and duplicating expenses, air freight charges, escrow fees, costs of surveys, premiums of hazard insurance policies and surety bonds and fees for any appraisal and appraisal review, environmental report and environmental report review, inspection report review, and market or feasibility study required by any Security Document Lender. Borrower hereby authorizes Lender to disburse the proceeds of the Loan to pay such expenses, charges, costs and fees notwithstanding that Borrower may not have requested a disbursement of such amount. Lender shall make such disbursements notwithstanding the fact that the Loan is not “in balance” or that Borrower is in default under the terms of this Agreement or any other document referred Acquisition Loan Document. Such disbursement shall be added to thereinthe outstanding principal balance of the Acquisition Note. Unless an Event of Default has occurred The authorization hereby granted shall be irrevocable, and is continuingno further direction or authorization from Borrower shall be necessary for Lender to make such disbursements. However, the Borrower provision of this Section 8.1 shall not be responsible for the reimbursement of any feesprevent Borrower from paying such expense, charges, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitmentsfees from its own funds. All such expenses, in each case in the aggregate incurred for all such feescharges, costs and expenses fees shall be Borrower's obligation regardless of whether or not Borrower has requested and met the conditions for a disbursement of the Loan. The obligations on the part of Borrower under this Section 8.1 shall survive the closing of the Loan and the repayment thereof. Borrower hereby authorizes Lender, in its discretion, to pay such expenses, charges, costs and fees at any 12-month period (time by a disbursement of the “IVP Supplemental Cap”).Loan.
Appears in 2 contracts
Samples: Acquisition Loan and Security Agreement (BBX Capital Corp), Acquisition Loan and Security Agreement (Bluegreen Vacations Corp)
Costs and Expenses. The Borrower shall pay (ia) Except as set forth in Section 2.12(b) below, all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative AgentServicer in carrying out its duties hereunder, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs fees and expenses of Independent Public Accountants with respect to preparation of the Independent Valuation Providerfinancial statements and reports described in Section 2.11 and all other fees and expenses (including all fees and expenses arising as a result of the occurrence of a Re-Xxxxxxx Trigger) not expressly stated hereunder to be for the account of the Owner Trustee, shall be paid or caused to be paid by the Servicer out of the compensation to be paid to the Servicer pursuant to Section 2.08.
(iib) all reasonable and documented During the term of this Servicing Agreement, the Servicer shall be reimbursed for actual out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuancesale or other disposal of a Financed Vehicle or collection of amounts due with respect to a Receivable including, amendmentbut not limited to, renewal the following (to the extent such cost or extension expense relates to the sale or other disposal or collection of amounts due with respect to a Receivable or a Financed Vehicle):
(i) Any compensation paid to outside legal counsel retained to protect the interests of the Owner Trustee, the Indenture Trustee, the Note Insurer, the Swap Counterparty or the Noteholders in the assets administered under this Servicing Agreement as the Servicer deems necessary in accordance with its normal procedures;
(ii) Any compensation paid to independent repossessors, auctioneers or appraisers and any Letter direct out of Credit pocket expenses arising from or any demand for payment thereunder, related to realization of the Receivables administered under this Servicing Agreement;
(iii) all outAny sales, franchise, income, excise, personal property or other taxes arising from or related to any Receivables administered under this Servicing Agreement;
(iv) Any parking or other fines, insurance, title or other such fees arising from or related to any Receivables administered under this Servicing Agreement;
(v) Any expenses for special forms and materials, freight, tapes, communications, lock-of-pocket feesbox and other bank service charges, costs and other expenses; and
(vi) Any expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), fees paid to outside accountants in connection with the enforcement or protection of its rights in connection with this Agreement procedures required to be performed pursuant to Section 2.11(b) hereof, provided that any such fees and the other Loan Documents, including its rights expenses paid under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and clause (ivvi) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) exceed $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)10,000 per annum.
Appears in 2 contracts
Samples: Servicing Agreement (Capital One Auto Finance Trust 2002-C), Servicing Agreement (Capital One Auto Receivables LLC)
Costs and Expenses. The In addition to the rights of indemnification granted under Section 12.01 hereof, the Borrower shall agrees to pay promptly (ia) all of each Credit Party’s and the Administrative Agent’s actual and reasonable out-of-pocket costs and documented expenses of preparation of the Transaction Documents and any consents, amendments, waivers or other modifications thereto; (b) all the actual and reasonable out-of-pocket fees, expenses and disbursements of counsel to each Credit Party and Administrative Agent in connection with the negotiation, preparation, execution and administration of the Transaction Documents and any consents, amendments, waivers or other modifications thereto and any other documents or matters requested by the Borrower; (c) all the actual costs and reasonable out-of-pocket expenses incurred by of creating and perfecting security interests in favor of the Administrative Agent, for the Collateral Agent benefit of Secured Parties, including filing and their Affiliates (including the recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable fees, charges expenses and disbursements of one outside counsel to each Credit Party and Administrative Agent; (d) all of any necessary special and/or local counsel for the each Credit Party’s and Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all Agent’s actual costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, expenses for, and disbursements of any of such Credit Party’s or Administrative Agent’s auditors, accountants, consultants or appraisers whether internal or external, and all reasonable attorneys’ fees incurred by each Credit Party and the Administrative Agent; (e) all the actual costs and reasonable expenses incurred (including the reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by the Issuing Bank Administrative Agent and its counsel) in connection with the issuance, amendment, renewal custody or extension preservation of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof Collateral; and (ivf) after the occurrence of an Unmatured Initial Servicer Default, Initial Servicer Default, Unmatured Event of Default or an Event of Default, all actual and reasonable out-of-pocket costs, costs and expenses, taxesincluding reasonable attorneys’ fees (including allocated costs of internal counsel) and costs of settlement, assessments incurred by any Credit Party, Administrative Agent and Lenders in enforcing any Borrower Obligations of or in collecting any payments due from any DSG Party hereunder or under the other charges incurred Transaction Documents by reason of such Unmatured Initial Servicer Default, Initial Servicer Default, Unmatured Event of Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Transaction Documents) or in connection with any filing, registration, recording refinancing or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses restructuring of the Independent Valuation Provider incurred credit arrangements provided hereunder in the nature of a “work out” or pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)insolvency or bankruptcy cases or proceedings.
Appears in 2 contracts
Samples: Loan and Security Agreement (Sinclair Broadcast Group Inc), Loan and Security Agreement (Sinclair Broadcast Group Inc)
Costs and Expenses. The Borrower shall Borrowers agree (a) to pay (i) or reimburse the Administrative Agent and the Arrangers for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Attorney Costs) incurred in connection with the preparation, negotiation, syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated hereby or thereby shall be are consummated) including all costs ), and expenses the consummation and administration of the Independent Valuation Providertransactions contemplated hereby and thereby (limited, in the case of legal fees and expenses, to the Attorney Costs of one counsel to the Administrative Agent and the Arrangers taken as a whole and, if reasonably necessary, one local counsel of the Administrative Agent, the Arrangers, and the Lenders taken as a whole in each relevant jurisdiction), and (iib) to pay or reimburse the Administrative Agent, the Issuers and the Lenders for all reasonable and documented out-of-pocket fees, costs and expenses (including Attorney Costs) incurred in connection with the enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred by during any legal proceeding, including any proceeding under any Debtor Relief Law, but limited, in the Issuing Bank in connection with case of legal fees and expenses, to the issuance, amendment, renewal or extension Attorney Costs of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by one counsel to the Administrative Agent, the Collateral AgentIssuers and the Lenders taken as a whole (and, if reasonably necessary, one local counsel in any relevant jurisdiction and, in the event of an actual or potential conflict of interest between the Agents, the Issuing Bank Issuers, and/or the Lenders, where the Person or Persons affected by such conflict of interest inform the Borrowers in writing of such conflict of interest, one additional counsel in each relevant jurisdiction to each group of affected Lenders similarly situated taken as a whole of the affected parties)). The agreements in this Section 12.3 shall survive the termination of the Commitments and repayment of all other Obligations. All amounts due under this Section 12.3 shall be paid within thirty (30) days following receipt by the Borrowers of an invoice relating thereto setting forth such expenses in reasonable detail and such supporting material as the Borrowers may reasonably request. If any LenderLoan Party fails to pay when due any costs, (including feesexpenses or other amounts payable by it hereunder or under any Loan Document, charges and disbursements such amount may be paid on behalf of counsel for such Loan Party by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), Agent in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)sole discretion.
Appears in 2 contracts
Samples: Credit Agreement (Signet Jewelers LTD), Credit Agreement (Signet Jewelers LTD)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable and documented fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)but only one counsel for all such Persons together), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit by such Issuing Bank or any demand for payment thereunder, (iii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agentany Issuing Bank, the Issuing Bank any Swingline Lender or any Lender, (including the reasonable and documented fees, charges and disbursements of one outside counsel for the Administrative Agent, the Collateral Agent, the each Issuing Bank or and each Swingline Lender as well as one outside counsel for the Lenders and additional counsel should any Lender)conflict of interest arise, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable and documented out-of-pocket costs, expenses, taxes, assessments and other charges reasonably incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp), Senior Secured Revolving Credit Agreement (Owl Rock Technology Finance Corp.)
Costs and Expenses. (A) The Borrower shall pay (i) on the Closing Date all reasonable and documented invoiced (and showing in reasonable detail) out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates Agents (including the reasonable and invoiced (and showing in reasonable detail) fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Agents), that have been invoiced to the Borrower at least one (1) Business Day prior to the Closing Date, in connection with the preparation, negotiation, due diligence, execution, and delivery of this Agreement and the Collateral other Loan Documents.
(B) The Borrower shall pay (X) all reasonable and invoiced (and showing in reasonable detail) out-of-pocket expenses incurred by either Agent collectively (other than including the allocated costs reasonable and invoiced (and showing in reasonable detail) fees, charges and disbursements of internal counsel)counsel for such Agent), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents (including, without limitation, any such fees, charges and disbursements of counsel arising from either Agent’s actions under Section 7.12), (Y) all reasonable and invoiced (and showing in reasonable detail) out-of-pocket expenses incurred by either Agent (including the reasonable and invoiced (and showing in reasonable detail) fees, charges and disbursements of counsel for such Agent), in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs ), and expenses of the Independent Valuation Provider, (iiZ) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit Agent or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, Lender (including the reasonable documented fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Agent and each Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this SectionSection 12.4, or and (B) in connection with the Loans made or Letters of Credit issued Loan hereunder, including all such reasonable and invoiced (and showing in reasonable detail) out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loan.
Appears in 2 contracts
Samples: Senior Secured Term Loan Agreement (Cresco Labs Inc.), Senior Secured Term Loan Agreement (Cresco Labs Inc.)
Costs and Expenses. The Borrower shall agrees (a) to pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for or reimburse the Administrative Agent and the Collateral Agent collectively (other than for all reasonable and documented out‑of‑pocket costs and expenses incurred before, on or after the allocated costs of internal counsel)), Closing Date in connection with the syndication of the credit facilities provided for hereinpreparation, the preparation execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Sectionall Attorney Costs of counsel to the Administrative Agent and the Collateral Agent, and, to the extent reasonably necessary, local counsel in any relevant jurisdiction, (b) to pay or reimburse the Administrative Agent and the Collateral Agent for all reasonable and documented out‑of‑pocket costs and expenses incurred after the Closing Date in connection with any amendment, waiver, consent or other modification of the provisions hereof and thereof requested by the Borrower or negotiated in consultation with Borrower (in each case, whether or not the transactions contemplated thereby are consummated), including all Attorney Costs of counsel to the Administrative Agent and the Collateral Agent, and, to the extent reasonably necessary, local counsel in any relevant jurisdiction and (c) after the occurrence of an Event of Default, to pay or reimburse the Administrative Agent and the Collateral Agent for all reasonable and documented out‑of‑pocket costs and expenses incurred in connection with the Loans made enforcement of any rights or Letters of Credit issued hereunder, remedies under this Agreement or the other Loan Documents (including all such out-of-pocket costs and expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filingworkout or restructuring in respect of the Loans, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, all such costs and expenses of incurred during any legal proceeding, including any proceeding under any Debtor Relief Law, and counsel to the Independent Valuation Provider incurred pursuant Administrative Agent and the Collateral Agent, and, to 5.12(b)(iii) the extent reasonably necessary, local counsel in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, any relevant jurisdiction). The foregoing costs and expenses shall include all reasonable search, filing, recording and title insurance charges and fees related thereto, and other reasonable and documented out‑of‑pocket expenses incurred by any Agent. The agreements in this Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within ten (10) Business Days of receipt by the Borrower of an invoice relating thereto setting forth such expenses in reasonable detail. If any 12-month period (Loan Party fails to pay when due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such Loan Party by the “IVP Supplemental Cap”)Administrative Agent in its sole discretion.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (Global Power Equipment Group Inc.), Senior Secured Credit Agreement (Global Power Equipment Group Inc.)
Costs and Expenses. The Borrower shall agrees (a) to pay (i) or reimburse the Administrative Agent and Lenders for all reasonable and documented out-of-pocket fees, costs and expenses incurred by before, on or after the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Closing Date in connection with the syndication of the credit facilities provided for hereinpreparation, the preparation execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents Documents, and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof and thereof requested by the Borrower or thereof negotiated in consultation with Borrower (in each case, whether or not the transactions contemplated hereby or thereby shall be are consummated) ), including all costs and expenses of the Independent Valuation ProviderAttorney Costs, (iib) to pay or reimburse the Administrative Agent and each Lender for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension enforcement of any Letter rights or remedies under this Agreement or the other Loan Documents (including all Attorney Costs and other costs and expenses incurred in connection with any workout or restructuring in respect of Credit or the Loans and all such costs and expenses incurred during any demand for payment thereunderlegal proceeding, including any proceeding in the Chapter 11 Case and (iiic) without limiting the generality of the foregoing, to pay all reasonable and documented out-of-pocket feesfees and expenses of any financial advisory, appraisers or accounting firm retained by or for the benefit of the Administrative Agent or Lenders or by Xxxxxx & Xxxxxxx LLP, as counsel to the Lenders, including, without limitation, the fees and expenses of the Financial Advisor. The Borrower’s obligation to pay all such reasonable and documented out-of-pocket costs, expenses and charges includes, without limitation, any such costs, expenses and charges that accrue after any conversion of the Chapter 11 Case to proceedings administered under Chapter 7 of the Bankruptcy Code. The foregoing costs and expenses incurred by the Administrative Agentshall include all reasonable search, the Collateral Agentfiling, the Issuing Bank or any Lender, (including fees, recording and title insurance charges and disbursements of counsel for the Administrative Agentfees related thereto, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable and documented out-of-pocket expenses incurred during by the Administrative Agent. The agreements in this Section 10.04 shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within ten (10) Business Days of receipt by the Borrower of an invoice relating thereto setting forth such expenses in reasonable detail. If any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket Loan Party fails to pay when due any costs, expensesexpenses or other amounts payable by it hereunder or under any Loan Document, taxes, assessments and other charges incurred such amount may be paid on behalf of such Loan Party by the Administrative Agent in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)its sole discretion.
Appears in 2 contracts
Samples: Restructuring Support Agreement (Novelion Therapeutics Inc.), Debt Agreement
Costs and Expenses. The Borrower shall agrees to pay or reimburse (ia) the Administrative Agent, each Arranger, each Bookrunner and each Syndication Agent, in each case together with their respective Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates, for all reasonable costs and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication development, preparation, negotiation and execution of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Sectionall Attorney Costs, or which Attorney Costs shall be limited to the reasonable fees and reasonable disbursements of Milbank, Tweed, Xxxxxx & XxXxxx LLP and, if reasonably necessary (in connection with the Loans made or Letters sole discretion of Credit issued hereunderthe Administrative Agent), including a single local counsel in each appropriate jurisdiction and a single insurance regulatory counsel, collectively, for each of the foregoing Persons, (b) each Agent-Related Person for all such reasonable costs and out-of-pocket expenses incurred in connection with any amendment, waiver, consent or other modification of the provisions hereof and thereof and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs, which Attorney Costs shall be limited to the reasonable fees and reasonable disbursements of a single primary counsel and, if reasonably necessary (in the sole discretion of the Administrative Agent), a single local counsel in each appropriate jurisdiction and a single insurance regulatory counsel, collectively, for each Agent-Related Person, and (c) each Agent-Related Person and each Lender for all costs and expenses incurred in connection with the enforcement, attempted enforcement or preservation of any rights or remedies under this Agreement (including this Section 10.04) or the other Loan Documents (including all such costs and expenses incurred during any “workout, ” or restructuring or negotiations in respect thereof of the Obligations and (iv) during any legal proceeding, including in any Insolvency Proceeding or appellate proceeding), including all reasonable fees, expenses and disbursements of any law firm or other external legal counsel. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by each Agent-Related Person and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts (subject to the limitations above) retained by any Security Document such Agent-Related Person or any other document referred to thereinLender, as applicable. Unless an Event of Default has occurred and is continuing, All amounts due under this Section 10.04 shall be payable within ten (10) Business Days after written demand therefor. The agreements in this Section 10.04 shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses repayment of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of Revolving Loans and the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 2 contracts
Samples: Credit Agreement (KKR & Co. Inc.), Credit Agreement (KKR & Co. Inc.)
Costs and Expenses. (a) The Borrower shall agrees to pay (i) on demand to the Banks all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative AgentBanks including, the Collateral Agent without limitation, reasonable attorneys' and their Affiliates consultants' fees (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead chargesi) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or any instrument or agreement required hereunder or in connection with any proposed refinancing or restructuring of the Loans made or Letters credit provided in this Agreement in the nature of Credit issued hereunder, including all such a "work-out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof " and (ivii) for all reasonable out-of-pocket costsstamp, expenses, taxes, assessments registration and other charges duties and imposts to which this Agreement and any instrument or agreement required hereunder may be subject. The Borrower agrees to pay or to reimburse the Agent upon demand for reasonable attorneys' fees and other expenses incurred in connection with any filingthe preparation, registration, recording or perfection drafting and negotiation of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuingthis Agreement, the Notes, and the Loan Documents, any amendments, consents, or waivers hereto or thereto. The Borrower shall not be responsible for indemnify the reimbursement Banks against any and all liabilities and penalties resulting from any delay in payment, or failure to pay, any such duties and imposts upon written notice from the Banks that such amounts have been assessed.
(b) Borrower agrees to indemnify the Agent and each Bank, their respective affiliates and the respective directors, officers, agents and employees of the foregoing (each an "Indemnitee") and hold each Indemnitee harmless from and against any feesand all liabilities, losses, damages, costs and expenses of any kind, including, without limitation, the Independent Valuation Provider reasonable fees and disbursements of counsel, which may be incurred pursuant by such Indemnitee at any time in connection with any investigative, administrative or judicial proceeding (whether or not such Indemnitee shall be designated a party thereto) brought or threatened relating to 5.12(b)(iii) in excess or arising out of the greater Loan Documents, any actual or proposed use of (x) $200,000 and (y) 0.05% proceeds of the total CommitmentsLoans or the Letter of Credit Advances, in each case in any transactions relating to any of the aggregate incurred foregoing, any act or omission of Borrower or any Guarantor or any environmental liability of Borrower or any Guarantor; provided that no Indemnitee shall have the right to be indemnified hereunder for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Indemnitee's own gross negligence or willful misconduct as determined by a court of competent jurisdiction.
Appears in 2 contracts
Samples: Credit Agreement (Amtran Inc), Credit Agreement (Amtran Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans Advances made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Advances or Letters of Credit. The foregoing costs and (iv) expenses shall include all reasonable search, filing, recording, appraisal charges and fees and taxes related thereto, and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by the Administrative Agent or any Lender and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts retained by any Security Document the Administrative Agent or any other document referred to thereinLender. Unless an Event of Default has occurred and is continuing, All amounts due under this Section 9.04 shall be payable within thirty (30) days after demand. The agreements in this Section shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Abraxas Petroleum Corp), Credit Agreement (Abraxas Petroleum Corp)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, any Lender or the Collateral Agent, the Issuing Bank or any Lender, L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Collateral Agent, the Issuing Bank or any LenderL/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and any of the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) without limiting the generality of the foregoing, all reasonable out-of-pocket costsfees and expenses of any financial advisory or accounting firm retained by the Administrative Agent, expensesat the direction of the Required Lenders, taxes, assessments and other charges incurred in connection with the review, analysis, appraisal, valuation or restructuring of the Loan Parties or their respective Properties. The Borrower’s obligation to pay all such costs, expenses and charges includes, without limitation, any filingsuch costs, registration, recording expenses and charges that accrue after the commencement by or perfection against any Loan Party or any Affiliate thereof of any security interest contemplated by proceedings under any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, Debtor Relief Laws naming such Person as the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) debtor in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)proceedings.
Appears in 2 contracts
Samples: Credit Agreement (American Color Graphics Inc), Consent Agreement (American Color Graphics Inc)
Costs and Expenses. The Borrower shall pay (i) all reasonable documented and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of up to one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including including, subject to the last sentence of this clause (a), all costs and expenses of the Independent Valuation Provider, (ii) all reasonable documented and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender, (including the reasonable and documented fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereundermade, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iviii) and all reasonable documented and out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to Sections 5.06(b) and 5.12(b)(iii) in excess of the greater of (x) $200,000 and or (y) 0.05.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Sierra Income Corp)
Costs and Expenses. The Borrower shall and any other Credit Party, jointly and severally, shall, promptly following written demand therefor, pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and each of their respective Affiliates (including the reasonable fees, charges and disbursements of one outside counsel McGuireWoods LLP and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lenders in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all reasonable out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, each Lender and the Issuing Bank Lenders in connection with the enforcement or preservation of any Lender, rights (including the reasonable fees, charges and disbursements of counsel for the Administrative Agenttherefor and all such out-of-pocket expenses incurred during any workout, the Collateral Agent, the Issuing Bank restructuring or related negotiations in respect of any Lender), in connection with the enforcement Loans or protection Letters of its rights Credit) (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workoutthe fees and disbursements of counsel to the Administrative Agent, restructuring each Lender and the Issuing Lenders; provided that, so long as no Default or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred exists, such reimbursement for legal fees and is continuing, the Borrower disbursements shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant limited to 5.12(b)(iii) in excess of the greater of (x) $200,000 the fees and disbursements of one primary counsel designated by the Administrative Agent plus (y) 0.05% the fees and disbursements of McGuireWoods LLP plus (z) the total Commitments, in each case in fees and disbursements of any local and specialist counsel engaged by the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (CoreCivic, Inc.), Credit Agreement (CoreCivic, Inc.)
Costs and Expenses. Except as otherwise agreed to by the parties hereto, the costs and expenses (including the fees and disbursements of counsel and accountants but excluding all overhead costs and employees’ salaries) of the Collateral Manager and of the Issuer incurred in connection with the negotiation and preparation of and the execution of this Agreement and any amendment hereto, and all matters incidental thereto, shall be borne by the Issuer. The Borrower shall pay (i) all reasonable Issuer will reimburse the Collateral Manager for expenses including fees and documented out-of-pocket expenses reasonably incurred by the Collateral Manager in connection with the services provided under this Agreement including, without limitation, (a) legal advisers, consultants, rating agencies, accountants, brokers and other professionals retained by the Issuer or the Collateral Manager (on behalf of the Issuer), (b) asset pricing and asset rating services, compliance services and software, and accounting, programming and data entry services directly related to the management of the Assets, (c) all taxes, regulatory and governmental charges (not based on the income of the Collateral Manager), insurance premiums or expenses, (d) any and all costs and expenses incurred in connection with the acquisition, disposition of investments on behalf of the Issuer (whether or not actually consummated) and management thereof, including attorneys’ fees and disbursements, (e) any fees, expenses or other amounts payable to any Rating Agency, (f) preparing reports to holders of the Secured Notes, (g) reasonable travel expenses (including without limitation airfare, meals, lodging and other transportation) undertaken in connection with the performance by the Collateral Manager of its obligations under duties pursuant this Agreement and the Indenture, (h) expenses and costs in connection with any investor conferences, (i) any broker or brokers in consideration of brokerage services provided to the Collateral Manager in connection with the sale or purchase of any Collateral Obligation, Equity Security, Eligible Investment or other assets received in respect thereof, (j) bookkeeping, accounting or recordkeeping services obtained or maintained with respect to the Issuer (including those services rendered at the behest of the Collateral Manager), (k) software programs licensed from a third party and used by the Collateral Manager in connection with servicing the Assets, (l) fees and expenses incurred in obtaining the Market Value of Collateral Obligations (including without limitation fees payable to any nationally recognized pricing service), (m) audits incurred in connection with any consolidation review, (n) any extraordinary costs and expenses incurred by the Administrative Agent, Collateral Manager in the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements performance of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of its obligations under this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation ProviderIndenture, (iio) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during by the Collateral Manager or the Retention Provider in connection with complying with the U.S. Risk Retention Rules and/or the E.U. Retention Requirement Laws (excluding the purchase price of any workout, restructuring or negotiations in respect thereof Notes acquired by it to comply with the U.S. Risk Retention Rules and/or the E.U. Retention Requirement Laws) and (ivp) all reasonable out-of-pocket costsas otherwise agreed upon by the Issuer and the Collateral Manager. In addition, expenses, taxes, assessments the Issuer will pay or reimburse the costs and other charges expenses (including fees and disbursements of counsel and accountants) of the Collateral Manager and the Issuer incurred in connection with any filing, registration, recording or perfection incidental to the entering into of any security interest contemplated by any Security Document this Agreement or any other document referred to thereinamendment thereof. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs The fees and expenses payable to the Collateral Manager on any Payment Date are payable only as described under the Priority of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Payments.
Appears in 2 contracts
Samples: Collateral Management Agreement (GOLUB CAPITAL INVESTMENT Corp), Collateral Management Agreement (GOLUB CAPITAL BDC, Inc.)
Costs and Expenses. The Borrower shall pay (i) all amounts required to be paid in the Engagement Letter and (ii) reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their respective Affiliates (including half of the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and and/or the Collateral Agent collectively (other than the allocated costs of internal counsel)), Agent) in connection with the syndication of the credit facilities provided for hereinherein (including the obtaining and maintaining of CUSIP numbers for the Loans) and the preparation, the preparation negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents Documents. Borrower shall pay (i) reasonable out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent and their respective Affiliates (including all of the reasonable fees, charges and disbursements of counsel for the Administrative Agent and/or Collateral Agent) in connection with any amendmentsamendment, modifications amendment and restatement, modification or waivers waiver of the provisions hereof or thereof of the other Loan Documents (whether or not the transactions contemplated hereby or thereby shall be consummated) ), including all costs in connection with post-closing searches to confirm that security filings and expenses of the Independent Valuation Providerrecordations have been properly made, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, (including all of the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender), Bank) in connection with the enforcement or protection of its rights and remedies (A) in connection with this Agreement and the other Loan Documents, including its rights under this SectionSection 10.03, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments documentary and other similar taxes and charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses respect of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loan Documents.
Appears in 2 contracts
Samples: Second Amendment and Restatement Agreement (Jacobs Entertainment Inc), Amendment and Restatement Agreement (Jacobs Entertainment Inc)
Costs and Expenses. The In addition to the rights of indemnification granted under Section 16.1, the Borrower shall agrees to pay on demand, at any time on or after the Closing Date, all costs and expenses (other than with respect to Taxes, the indemnities for which are set out solely in Section 6.3 of this Agreement) in connection with the preparation, execution, delivery and administration of this Agreement, the other Transaction Documents, and the other documents and agreements to be delivered hereunder, and any amendments, waivers or consents executed in connection with this Agreement and/or the other Transaction Documents, including, without limitation, (i) all the reasonable legal fees and documented disbursements of Xxxx Xxxxxxx LLP, counsel to the Administrative Agent, the initial Funding Agents hereunder and the initial Lenders hereunder, (ii) the other reasonable out-of-pocket fees, costs and expenses incurred by of the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Funding Agents and the Collateral Agent collectively Lenders (other than the allocated costs of internal counsel)“Credit Parties”), including, without limitation, due diligence expenses, and printing, reproduction, document delivery and communication costs, each as incurred in connection with the syndication transactions contemplated hereunder, or the preparation, review, negotiation, execution and delivery and/or enforcement of the credit facilities provided Transaction Documents (but excluding legal fees and disbursements for herein, the preparation and administration (any counsel other than internal overhead chargesthe counsel described in clause (i) of this Agreement and the other Loan Documents and above), (iii) any amendments, modifications waivers and consents (but not any assignments or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummatedparticipation agreements) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank executed in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunderTransaction Documents, (iiiiv) all out-of-pocket fees, costs and expenses incurred by the Administrative Agentexpenses, the Collateral Agent, the Issuing Bank or if any Lender, (including feescounsel fees and expenses), charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender)Credit Parties, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Transaction Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (ivv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses (including counsel fees and expenses) of the Independent Valuation Provider incurred Collateral Agent and the Account Bank. The Borrower shall pay all amounts under this Section 17.4 from time to time upon demand pursuant to 5.12(b)(iii) in excess the Flow of Funds and after the greater Borrower and the Service Providers have been furnished with reasonably detailed evidence thereof. The Borrower’s obligations under this paragraph shall survive any termination of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (AerCap Holdings N.V.), Credit Agreement (AerCap Holdings N.V.)
Costs and Expenses. The (a) In addition to the rights of indemnification granted to the Indemnified Parties under ARTICLE X hereof, the Borrower shall agrees to pay (i) on demand all reasonable and documented out-of-pocket fees, costs and expenses of the Administrative Agent, the Collateral Custodian, the Securities Intermediary, the Collateral Administrator and the Secured Parties incurred in connection with the preparation, execution, delivery, administration (including periodic auditing), renewal, amendment or modification of, or any waiver or consent issued in connection with, this Agreement and the other documents to be delivered hereunder or in connection herewith, including the reasonable fees and out-of-pocket expenses of one primary counsel and such other local or special counsel as may be necessary for the Administrative Agent, the Collateral Custodian, the Securities Intermediary, the Collateral Administrator and the Secured Parties with respect thereto and with respect to advising the Administrative Agent, the Collateral Custodian, the Securities Intermediary, the Collateral Administrator and the Secured Parties as to their respective rights and remedies under this Agreement and the other documents to be delivered hereunder or in connection herewith, and all costs and expenses, if any (including reasonable counsel fees and expenses), incurred by the Administrative Agent, the Collateral Agent Custodian, the Securities Intermediary, the Collateral Administrator or the Secured Parties in connection with the enforcement of this Agreement by such Person and their Affiliates the other documents to be delivered hereunder or in connection herewith.
(including b) The Borrower shall pay on the reasonable feesPayment Date following receipt of a request therefor, charges all other costs and disbursements of one outside counsel expenses that have been invoiced at least two (2) Business Days prior to such Payment Date and of any necessary special and/or local counsel for incurred by the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsSecured Parties, in each case in connection with periodic audits of the aggregate incurred for all such feesFS/KKR Parties’ books and records, costs the Collateral, the Underlying Instruments, and expenses the information contained in any 12-month period (the “IVP Supplemental Cap”)Borrowing Base Certificates and Payment Date Reports.
Appears in 2 contracts
Samples: Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (KKR FS Income Trust)
Costs and Expenses. The Borrower Unless otherwise stipulated herein, all costs and expenses and claims for damages of the Lenders, SACE, the Agent and/or the Mandated Lead Arranger which occur during the legal relations between these parties on the one side and the Borrowers on the other side and which are in relation to the Loans shall pay (i) be borne by the Borrowers whether or not any Drawdown ultimately takes place and all reasonable costs and documented out-of-pocket feesexpenses and claims for damages incurred in the maintenance of the security created by this Agreement and the Security Documents or the actual or attempted enforcement at any time of the rights of the Lenders, SACE, the Agent and/or the Mandated Lead Arranger hereunder and thereunder shall be borne by the Borrowers. This refers especially to expenses for maintenance, safeguarding and insurance of the Vessels or for upkeep and security of the Hypothec, costs for lifting a seizure of the Vessels, costs incident to guarding and custody of the Vessels, costs for every evaluation requested by the Agent with regard to value and condition of the Vessels in case of an Event of Default of the Borrowers and the fees for outside attorneys or other persons commissioned by the Lenders, SACE, the Agent and/or the Mandated Lead Arranger. This also includes expenses incurred by the Administrative AgentLenders, SACE, the Collateral Agent and their Affiliates (including and/or the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Mandated Lead Arranger in connection with the syndication of the credit facilities provided for hereindrafting, the preparation and administration (other than internal overhead charges) preparation, execution, carrying out, enforcement or attempted enforcement of this Agreement and/or the Security Documents as well as costs for translations and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all for legal opinions. All such costs and expenses of have to be paid when due and payable according to the Independent Valuation Providerrespective invoice, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred which will be notified by the Issuing Bank in connection with Agent to the issuance, amendment, renewal Borrowers. All amounts so disbursed or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred expended by the Administrative AgentLenders, SACE, the Collateral AgentAgent and/or the Mandated Lead Arranger shall be subject to (a) the Default Rate from the day five (5) Banking Days after the Agent has requested refunding or repayment thereof from the Borrowers until the time of refunding or repayment or (b) the Default Rate from the day of disbursement until the time of refunding or repayment thereof, if the Issuing Bank or any Lender, (including fees, charges and disbursements Agent has given notice of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued default hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Loan Agreement (Iii to I Maritime Partners Cayman I Lp), Loan Agreement (Iii to I Maritime Partners Cayman I Lp)
Costs and Expenses. The Without limiting any Loan Document and to the extent not prohibited by applicable Laws, Borrower shall pay (i) when due, shall reimburse to Administrative Agent for the benefit of itself and Lenders on demand and shall indemnify Administrative Agent and Lenders from, all reasonable and documented out-of-pocket fees, costs costs, and expenses paid or incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereinnegotiation, the preparation and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents (and any amendments, modifications approvals, consents, waivers and releases requested, required, proposed or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lenderdone from time to time), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the disbursement, administration or collection of the Loans made or Letters the enforcement of Credit issued hereunderthe obligations of Borrower or the exercise of any right or remedy of Administrative Agent, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iva) all reasonable outfees and expenses of Administrative Agent’s counsel; (b) fees and charges of each Construction Consultant, inspector and engineer; (c) appraisal, re-of-pocket appraisal and survey costs; (d) title insurance charges and premiums; (e) title search or examination costs, expensesincluding abstracts, abstractors’ certificates and uniform commercial code searches; (f) judgment and tax lien searches for Borrower and each Guarantor; (g) escrow fees; (h) fees and costs of environmental investigations, site assessments and remediations; (i) recordation taxes, assessments documentary taxes, transfer taxes and other charges mortgage taxes; (j) filing and recording fees; and (k) loan brokerage fees. Borrower shall pay all costs and expenses incurred in connection with any filingby Administrative Agent, registrationincluding reasonable attorneys’ fees, recording or perfection of any security interest contemplated by any Security Document if the obligations or any other document referred part thereof are sought to thereinbe collected by or through an attorney at law, whether or not involving probate, appellate, administrative or proceedings under any Debtor Relief Law. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, pay all costs and expenses of complying with the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsLoan Documents, in each case in the aggregate incurred for all whether or not such fees, costs and expenses are included in the Budgets. Borrower’s obligations under this Section shall survive the delivery of the Loan Documents, the making of advances, the payment in full of the Indebtedness, the release or reconveyance of any 12-month period (of the “IVP Supplemental Cap”)Loan Documents, the foreclosure of the Deed of Trust or conveyance in lieu of foreclosure, proceeding under any Debtor Relief Law, and any other event whatsoever. Borrower acknowledges that Administrative Agent may receive a benefit, including a discount, credit or other accommodation, from Administrative Agent’s counsel based on the fees such counsel may receive on account of such counsel’s relationship with Administrative Agent, including fees paid in connection with this Agreement.
Appears in 2 contracts
Samples: Construction Loan Agreement (Armada Hoffler Properties, Inc.), Construction Loan Agreement (Armada Hoffler Properties, Inc.)
Costs and Expenses. The Borrower shall promptly pay (i) all taxes and assessments and all reasonable and documented out-of-pocket feesexpenses, charges, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities fees provided for herein, the preparation and administration (other than internal overhead charges) of in this Agreement or relating to the Loan, including, without limitation, fees and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with protective advances made by Lender under this Agreement, any filing, registration, reasonable fees incurred for recording or perfection filing any of the Loan Documents, title insurance premiums and charges, tax service contract fees, fees of any security interest contemplated consultants, reasonable fees and expenses of Lender's counsel, documentation, closing, and processing fees, printing, photostating and duplicating expenses, air freight charges, escrow fees, costs of surveys, premiums of hazard insurance policies and surety bonds and fees for any appraisal and appraisal review, environmental report and environmental report review, inspection report review, and market or feasibility study required by any Security Document Lender. Borrower hereby authorizes Lender to disburse the proceeds of the Loan to pay such expenses, charges, costs and fees notwithstanding that Borrower may not have requested a disbursement of such amount. Lender shall make such disbursements notwithstanding the fact that the Loan is not “in balance” or that Borrower is in default under the terms of this Agreement or any other document referred Loan Document. Such disbursement shall be added to thereinthe outstanding principal balance of the Note. Unless an Event of Default has occurred The authorization hereby granted shall be irrevocable, and is continuingno further direction or authorization from Borrower shall be necessary for Lender to make such disbursements. However, the Borrower provision of this Section 8.1 shall not be responsible for the reimbursement of any feesprevent Borrower from paying such expense, charges, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitmentsfees from its own funds. All such expenses, in each case in the aggregate incurred for all such feescharges, costs and expenses fees shall be Borrower's obligation regardless of whether or not Borrower has requested and met the conditions for a disbursement of the Loan. The obligations on the part of Borrower under this Section 8.1 shall survive the closing of the Loan and the repayment thereof. Borrower hereby authorizes Lender, in its discretion, to pay such expenses, charges, costs and fees at any 12-month period (time by a disbursement of the “IVP Supplemental Cap”).Loan.
Appears in 2 contracts
Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp)
Costs and Expenses. The Borrower shall pay agrees (i) to pay or reimburse each Agent for all reasonable and documented out-of-pocket fees, out‑of‑pocket costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereindevelopment, the preparation preparation, negotiation, syndication, protection and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents Documents, and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated hereby or thereby shall be are consummated) ), and the consummation and administration of the transactions contemplated hereby and thereby, including all costs and expenses of the Independent Valuation ProviderAttorney Costs, (ii) to pay or reimburse each L/C Issuer for all reasonable and documented out-of-pocket fees, costs and (including all Attorney Costs) expenses incurred by the Issuing Bank such L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) to pay or reimburse each Agent and each Lender for all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement of any rights or protection of its rights in connection with remedies under this Agreement and or the other Loan DocumentsDocuments (including with respect to the Loans and Letters of Credit, and including all such costs and expenses incurred during any legal proceeding, workout, restructuring or negotiations, including its rights any proceeding under this Section, or in connection with the Loans made or Letters of Credit issued hereunderany Debtor Relief Law), including all such Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred during by any workout, restructuring or negotiations in respect thereof Agent and (iv) all reasonable out-of-pocket the cost of independent public accountants and other outside experts retained by any Agent. If any Loan Party fails to pay when due any costs, expensesexpenses or other amounts payable by it hereunder or under any Loan Document, taxesincluding Attorney Costs and indemnities, assessments and other charges incurred in connection with any filing, registration, recording or perfection such amount may be paid on behalf of any security interest contemplated such Loan Party by any Security Document Agent or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsLender, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)its sole discretion.
Appears in 2 contracts
Samples: Credit Agreement (AdvanSix Inc.), Credit Agreement (AdvanSix Inc.)
Costs and Expenses. The Borrower shall (a) In addition to the rights of indemnification granted to the Indemnified Parties under Article IX hereof, each of the Transferor (and, after the Effective Date, the Borrower) agrees to pay on the Payment Date following receipt of a request therefor, all reasonable out-of-pocket costs and expenses that have been invoiced at least three (i3) Business Days prior to such Payment Date of the Administrative Agent, the Collateral Custodian, the Document Custodian, the Securities Intermediary and the Secured Parties incurred in connection with the preparation, execution, delivery, administration (including periodic auditing and reporting, subject to the limitations, as applicable, set forth in Section 5.1(d) and Section 6.8), renewal, amendment or modification of, or any waiver or consent issued in connection with, this Agreement and the other documents to be delivered hereunder or in connection herewith, including the reasonable and documented fees and out-of-pocket expenses of one firm of external counsel and one firm of local counsel for the Administrative Agent, the Collateral Custodian, the Document Custodian, the Securities Intermediary, and the Secured Parties (taken as a whole) with respect thereto and with respect to advising the Administrative Agent, the Collateral Custodian, the Document Custodian, the Securities Intermediary and the Secured Parties as to their respective rights and remedies under this Agreement and the other documents to be delivered hereunder or in connection herewith, and all reasonable and documented out-of-pocket fees, costs and expenses, if any (including reasonable and documented out-of-pocket fees and expenses of one firm of external counsel per applicable jurisdiction for all such Persons, collectively), incurred by the Administrative Agent, the Collateral Agent Custodian, the Document Custodian, the Securities Intermediary or the Secured Parties in connection with the enforcement of this Agreement by such Person and their Affiliates the other documents to be delivered hereunder or in connection herewith.
(including b) The Borrower shall pay on the Payment Date following receipt of a request therefor, all other reasonable fees, charges and disbursements of one outside counsel documented costs and of any necessary special and/or local counsel for expenses that are due and payable pursuant to Section 11.9(a) and that have been invoiced at least three (3) Business Days prior to such Payment Date and incurred by the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total CommitmentsSecured Parties, in each case in connection with periodic audits of the aggregate incurred for all such feesLoan Parties’ books and records, costs the Collateral, the Underlying Instruments, and expenses the information contained in any 12-month period (the “IVP Supplemental Cap”)Borrowing Base Certificates and Payment Date Reports.
Appears in 2 contracts
Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable and documented out-of-pocket fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)but only one counsel for all such Persons together), in connection with the syndication of the credit facilities facility provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit by such Issuing Bank or any demand for payment thereunder, (iii) all reasonable documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the any Issuing Bank or any Lender, (including the reasonable and documented fees, charges and disbursements of one outside counsel for the Administrative Agent, the Collateral Agent, the Agent and each Issuing Bank or as well as one outside counsel for the Lenders and additional counsel should any Lender)conflict of interest arise, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this SectionSection 9.03, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable and documented out-of-pocket costs, expenses, taxes, assessments and other charges reasonably incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred ; provided that, notwithstanding the foregoing and is continuinganything to the contrary in any Loan Document, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider Administrative Agent, the Collateral Agent, any Lender and any of their respective Affiliates (including, but not limited to, their legal fees) in excess of $100,000 in the aggregate on the Effective Date. Unless an Event of Default has occurred and is continuing the Borrower shall not be responsible for the reimbursement for any fees, costs and expenses of the Approved Third-Party Appraiser incurred pursuant to 5.12(b)(iii) Section 5.12(b)(ii)(F)2 in excess of the greater of (x) $200,000 100,000 and (y) 0.05% of the total Commitments, in each case Commitments in the aggregate incurred for all such feesfess, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Hercules Capital, Inc.), Revolving Credit Agreement (Hercules Capital, Inc.)
Costs and Expenses. The Borrower shall agrees to pay or reimburse each of the Agents and the Lenders for: (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by of the Administrative Agent, Agents and the Collateral Agent and their Affiliates Lenders (including the reasonable feesfees and expenses of Xxxxxxxxx Xxxxxxx LLP, charges and disbursements of one outside New York counsel and of any necessary special and/or local counsel for to the Administrative Agent and the Collateral Agent collectively (other than Agent, and experts engaged by the allocated costs of internal counsel)), Agents or the Lenders from time to time) in connection with (A) the syndication of the credit facilities provided for hereinnegotiation, the preparation preparation, execution, delivery and administration (other than internal overhead charges) performance of this Agreement and the other Loan Financing Documents and any amendments, modifications or waivers the extension of the provisions hereof or thereof credit under this Agreement (whether or not the transactions transaction contemplated hereby or and thereby shall be consummated) including all (provided, that, the Borrower shall not be required to pay or reimburse the Agents and the Lenders under this clause (i)(A) for costs and expenses in an amount in excess of the Independent Valuation Providerexpense budget previously agreed upon by the Borrower and the Administrative Agent) or (B) any amendment, modification or waiver of any of the terms of this Agreement or any other Financing Documents, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by of the Issuing Bank Lenders (including payment of the fees and reimbursements provided for herein) and the Agents (including reasonable and documented outside counsels’ fees and expenses and reasonable and documented outside experts’ fees and expenses) in connection with (A) any Default or Event of Default and any enforcement or collection proceedings resulting from such Default or Event of Default or in connection with the issuance, amendment, renewal or extension negotiation of any Letter restructuring or “work-out” (whether or not consummated) of Credit the obligations of any Loan Party under this Agreement or the obligations of any demand for payment thereunderMaterial Counterparty under any other Financing Document or Material Agreement and (B) the enforcement of this Section 10.03 or the preservation of their respective rights, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxesTaxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred , and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, (iv) all reasonable and documented out-of-pocket costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iiiAgents and the Lenders (including the reasonable and documented fees and expenses of the experts and consultants engaged by the Agents or the Lenders) in excess of connection with the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Lenders’ due diligence review.
Appears in 2 contracts
Samples: Credit Agreement (Fuelcell Energy Inc), Credit Agreement (Fuelcell Energy Inc)
Costs and Expenses. The Borrower shall pay agrees (i) to pay or reimburse the Administrative Agent, the Collateral Agent and the Lead Arrangers for all reasonable and documented out-of-pocket fees, costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby and thereby, including all Attorney Costs, (ii) to pay or reimburse the Administrative Agent and the Collateral Agent for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement, attempted enforcement, or preservation of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs, and (iii) after the occurrence and during the continuance of an Event of Default, to pay or reimburse each Lender for all reasonable and documented out-of-pocket costs and expenses incurred in connection with any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Lead Arrangers and the Collateral Agent collectively (cost of independent public accountants and other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred outside experts retained by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement Agent and the other Loan Documents, including its rights Lead Arrangers. All amounts due under this Section, or Section 11.04 shall be payable within ten Business Days after demand therefor. The agreements in connection with this Section 11.04 shall survive the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess aggregate Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Everi Holdings Inc.), Credit Agreement (Everi Holdings Inc.)
Costs and Expenses. The Borrower Borrowers shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent Lender and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Lender), and shall pay all reasonable fees and time charges and disbursements for attorneys who may be employees of the Collateral Agent collectively (other than the allocated costs of internal counsel))Lender, in connection with the syndication participation of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, Lender (including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), and shall pay all reasonable fees and time charges for attorneys who may be employees of the Lender in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) all reasonable out-of-pocket costsexpenses of the Lender's regular employees and agents engaged periodically, expensesin accordance with Section 8.1.5, taxesto perform audits of the Loan Parties' books, assessments records and other charges incurred in connection with any filingbusiness properties. Notwithstanding the foregoing, registration, recording or perfection the Borrowers shall be responsible for allocated costs of any security interest contemplated by any Security Document or any other document referred to therein. Unless an internal counsel only during a post-Event of Default has occurred and is continuing, out-of-court restructuring or after the Borrower shall not be responsible for the reimbursement filing of any feespetition in bankruptcy or the commencement of any insolvency, costs and expenses of the Independent Valuation Provider incurred pursuant reorganization or like proceeding relating to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)a Loan Party.
Appears in 2 contracts
Samples: Credit Agreement (Park Electrochemical Corp), Credit Agreement (Park Electrochemical Corp)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent Lead Arranger, the Green Loan Coordinator and their respective Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Agent), and shall pay all fees and time charges and disbursements for attorneys who may be employees of the Collateral Agent collectively (other than the allocated costs of internal counsel))Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Collateral Issuing Lender), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or and (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant Administrative Agent’s regular employees and agents engaged periodically to 5.12(b)(iii) in excess perform audits of the greater of (x) $200,000 Borrower’s books, records and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)business properties.
Appears in 2 contracts
Samples: Credit Agreement (Chesapeake Utilities Corp), Credit Agreement (Chesapeake Utilities Corp)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for hereinfacilities, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and Credit Documents, or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, ; and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, Lender (including the fees, charges charges, expenses, and disbursements of any counsel for the Administrative AgentAgent and its Affiliates, the Collateral Agent, any Lender or the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Credit Documents, including its rights under this Section, or (B) in connection with the Loans Advances made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Advances or Letters of Credit, and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges expenses of the Lenders incurred in connection the case of documentary taxes (without duplication of Indemnified Taxes or Other Taxes paid or indemnified pursuant to Section 2.11 or Section 2.13) with respect to any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to thereinCredit Document. Unless an Event of Default has occurred and is continuingNotwithstanding the foregoing, the Borrower shall not be responsible for the reimbursement of any obligations incurred under clause (iii) hereof except for, attorney’s fees, costs expenses and expenses charges for (w) one primary counsel of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of Administrative Agent and its Affiliates (taken as a whole), (x) $200,000 and if necessary, a single firm of local counsel in each appropriate jurisdiction, (y) 0.05% additional counsel if such representation by a single counsel would be inappropriate due to the existence of an actual or reasonably perceived conflict of interest, and (z) any other counsel as reasonably necessary; provided that any Lender who hires third party counsel will endeavor to provide the total Commitments, in each case in Borrower with prior written notice thereof before the aggregate incurred for all incurrence of such fees, costs expenses, and expenses in any 12-month period charges, although failure to provide such notice shall not waive the Borrower’s reimbursement obligations under clause (the “IVP Supplemental Cap”)z) hereof.
Appears in 2 contracts
Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)
Costs and Expenses. The (a) In addition to the rights of indemnification granted to the Indemnified Parties under Article XI hereof, the Borrower shall agrees to pay (i) on demand all reasonable and documented out-of-pocket feescosts and expenses of the Administrative Agent (on behalf of the Lenders), the Collateral Agent and the Collateral Custodian incurred in connection with the preparation, execution, delivery, administration (including periodic auditing), syndication, renewal, amendment or modification of, or any waiver or consent issued in connection with, this Agreement and the other documents to be delivered hereunder or in connection herewith, including, without limitation, the fees and reasonable out-of-pocket expenses of counsel for the Administrative Agent (on behalf of the Lenders), the Collateral Agent and the Collateral Custodian with respect thereto and with respect to advising the Administrative Agent (on behalf of the Lenders), the Collateral Agent and the Collateral Custodian as to their respective rights and remedies under this Agreement and the other documents to be delivered hereunder or in connection herewith, and all reasonable out-of-pocket costs and expenses, if any (including counsel fees and expenses), incurred by the Administrative Agent (on behalf of the Lenders), the Collateral Agent or the Collateral Custodian in connection with the enforcement or potential enforcement of this Agreement or any Transaction Document by such Person and the other documents to be delivered hereunder or in connection herewith.
(b) Without duplication of other amounts payable by the Borrower under Section 2.15, the Borrower shall pay on demand any and all stamp, court or documentary, recording, filing and other similar taxes and fees payable or determined to be payable to any Governmental Authority in connection with the execution, delivery, filing and recording of this Agreement, the other Transaction Documents or any agreement or other document providing liquidity support, credit enhancement or other similar support to the Lenders in connection with this Agreement or the funding or maintenance of Advances hereunder, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment, grant of a participation, designation of a new office for receiving payments by or on account of the Borrower or other transfer (all such non-excluded Taxes, "Other Taxes").
(c) The Borrower shall pay on demand all other costs and expenses (other than Taxes, which are otherwise payable pursuant to Section 2.15) incurred by the Administrative Agent (on behalf of the Lenders), the Collateral Agent and the Collateral Custodian ("Other Costs"), including, without limitation, all reasonable travel costs and expenses incurred by the Administrative Agent, Agent (on behalf of the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Lenders) in connection with the syndication periodic audits of the credit facilities provided for herein, the preparation Borrower's books and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)records.
Appears in 2 contracts
Samples: Loan and Servicing Agreement (Franklin BSP Lending Corp), Loan and Servicing Agreement (Business Development Corp of America)
Costs and Expenses. The Borrower shall Each Debtor agrees to pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred in connection with any filing required hereunder, including without limitation, any financing statements pursuant to the UCC, continuation statements, partial releases and/or termination statements related thereto or any expenses of any searches reasonably required by the Administrative Collateral Agent. The Debtors will also, within 15 days of receipt of a reasonably detailed invoice thereof, pay to the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and amount of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket expenses, including the reasonable and documented fees and expenses of its counsel, which the Collateral Agent, for the benefit of the Secured Parties, may incur in connection with the creation, perfection, protection, satisfaction, foreclosure, collection or enforcement of the Security Interest and the preparation, administration, continuance, amendment or enforcement of this Agreement and pay to the Collateral Agent the amount of any and all reasonable and documented out-of-pocket expenses, including the reasonable and documented fees and expenses of its counsel, which the Collateral Agent, for the benefit of the Secured Parties, may incur in connection with (i) the enforcement of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, or (iii) the exercise or enforcement of any of the rights of the Secured Parties under the Debentures. The Company’s obligation to reimburse the Collateral Agent for any such fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by Closing shall be limited to the Administrative Agent, amount that the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), Company has agreed to pay as set forth in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses Section 5.2 of the Independent Valuation Provider incurred pursuant Securities Purchase Agreement. Until so paid, any fees payable hereunder shall be added to 5.12(b)(iii) in excess the principal amount of the greater of (x) $200,000 Debentures and (y) 0.05% of shall bear interest at the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Default Rate.
Appears in 2 contracts
Samples: Security Agreement (Vaccinex, Inc.), Security Agreement (Vaccinex, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Agent), and shall pay all fees and time charges and disbursements for attorneys who may be employees of the Collateral Agent collectively (other than the allocated costs of internal counsel))Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Collateral Issuing Bank), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the Issuing Bank or any Lender)Bank, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans Revolving Advances made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Revolving Advances or Letters of Credit. The foregoing costs and (iv) expenses shall include all reasonable search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by the Administrative Agent and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts retained by any Security Document the Administrative Agent or any other document referred to thereinLender. Unless an Event of Default has occurred and is continuingAll amounts due under this Section 10.04 shall be payable within ten Business Days after demand therefor, supported by customary documentation. The agreements in this Section shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Revolving Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Diamondback Energy Services, Inc.), Credit Agreement (Diamondback Energy Services, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable and documented fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)and, if reasonably necessary, a local counsel for each jurisdiction for which local counsel is reasonably necessary), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender, L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any LenderL/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit. Expenses being reimbursed by the Loan Parties under this Section 10.04(a) include, without limiting the generality of the foregoing, fees, costs and expense incurred in connection with (i) collateral monitoring, collateral reviews, appraisals and insurance reviews and (ivii) all field examinations and the preparation of reports based on the fees charged by a third party retained by the Administrative Agent or the internally allocated fees for each Person employed by the Administrative Agent with respect to each field examination. All reasonable and documented out-of-pocket costsexpenses of protecting, expensesstoring, taxeswarehousing, assessments insuring, handling, maintaining and shipping any Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other charges incurred in connection with payments required to be made by the Administrative Agent to any filingPerson to realize upon any Collateral, registration, recording or perfection of any security interest contemplated shall be borne and paid by any Security Document or any other document referred to thereinthe Borrower. Unless an Event of Default has occurred and is continuing, the Borrower The Administrative Agent shall not be liable or responsible in any way for the reimbursement safekeeping of any feesCollateral, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) for any loss or damage thereto (except for reasonable care in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case its custody while Collateral is in the aggregate incurred Administrative Agent’s actual possession in accordance with the Security Agreement), for all such feesany diminution in the value thereof, costs and expenses in or for any 12-month period (act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the “IVP Supplemental Cap”)same shall be at Borrower’s sole risk.
Appears in 2 contracts
Samples: Abl Credit Agreement (U.S. Well Services, Inc.), Abl Credit Agreement (U.S. Well Services, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Agent), and shall pay all fees and time charges and disbursements for attorneys who may be employees of the Collateral Agent collectively (other than the allocated costs of internal counsel))Agent, in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the Collateral Issuing Lender), and shall pay all fees and time charges for attorneys who may be employees of the Agent, any Lender or the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant Agent’s regular employees and agents engaged periodically to 5.12(b)(iii) in excess perform audits of the greater Loan Parties’ books, records and business properties. For the avoidance of (x) $200,000 and (y) 0.05% doubt, this Section 11.3.1 shall not apply to Taxes, the payment of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)which is governed by Section 5.8 [Taxes].
Appears in 2 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Costs and Expenses. The Borrower shall pay (i) all reasonable documented and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable fees, charges and disbursements of up to one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including including, subject to the last sentence of this clause (a), all costs and expenses of the Independent Valuation Provider, (ii) all reasonable documented and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender, (including the reasonable and documented fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereundermade, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iviii) and all reasonable documented and out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to Sections 5.06(b) and 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case 100,000 in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Sierra Income Corp)
Costs and Expenses. (a) The Borrower shall pay agrees (i) to pay or reimburse the Initial Lender and each Agent for all its reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for hereinpreparation, the preparation negotiation and administration (other than internal overhead charges) of execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any amendmentsother documents prepared in connection herewith or therewith, modifications or waivers and the consummation and administration of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and thereby, including all costs the reasonable fees and disbursements of counsel to such Agent and filing and recording fees and expenses of the Independent Valuation Provider, and (ii) to pay or reimburse each Lender and each Agent for all reasonable and documented out-of-pocket fees, its costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection preservation of its any rights under this Agreement, the other Loan Documents and any such other documents, including the fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to each Lender and of counsel to such Agent.
(b) The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such Lender may sustain or incur as a consequence of (a) default by the Borrower in connection making a borrowing of the Loan after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by the Borrower in making any prepayment of the Loan if based upon the Eurodollar Rate after the Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of the Loan if based upon the Eurodollar Rate on a day that is not the last day of an Interest Period with respect thereto. A certificate as to any amounts payable pursuant to this Section 8.4(b) submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loan and all other Loan Documents, including its rights under this Section, or in connection with amounts payable hereunder.
(c) Without prejudice to the Loans made or Letters survival of Credit issued any other agreement of the Borrower hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof the agreements and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection obligations of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower contained in Sections 2.9, 2.10, 2.12, 2.13 and 8.4 shall not be responsible for survive the reimbursement payment in full of any feesprincipal, costs interest and expenses of all other amounts payable hereunder and under the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Notes.
Appears in 2 contracts
Samples: Credit Agreement (Frontier Airlines Inc /Co/), Credit Agreement (Frontier Airlines Inc /Co/)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (Affiliates, including the reasonable and documented out-of-pocket fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)but only one counsel for all such Persons together), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including and, subject to the last sentence of this clause (a), all costs and expenses of the Independent Valuation ProviderApproved Third-Party Appraiser, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral AgentIssuing Bank, the Issuing Bank Swingline Lender or any Lender, (including the reasonable and documented fees, charges and disbursements of one outside counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or and the Swingline Lender as well as one outside counsel for the Lenders and additional counsel should any Lender)conflict of interest arise, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all reasonable and documented out-of-pocket costs, expenses, taxes, assessments and other charges reasonably incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider Approved Third-Party Appraiser incurred pursuant to 5.12(b)(iiiSection 5.12(b)(ii)(E), and the fees, costs and expenses incurred in accordance with Section 7.01(a) of the Guarantee and Security Agreement, in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case 450,000 in the aggregate incurred for all such fees, costs and expenses (excluding any valuation costs and expenses incurred by the Administrative Agent as a result of a regulatory directive) in any 12-month period (the “IVP Supplemental Cap”).
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.), Senior Secured Revolving Credit Agreement (Goldman Sachs BDC, Inc.)
Costs and Expenses. The Borrower (a) Owner shall pay all properly incurred costs and expenses of performing the Transitional Services, including without limitation the applicable costs and expenses listed on Schedule 5.01 to the extent in the budget contained in the Approved Transition Plan, and all costs and expenses (whether or not on Schedule 5.01) approved by Owner and incurred during the Transition Period. Acting on behalf of Owner as agent, Operator shall incur expenses during the Transition Period only to the extent the nature and amount of such costs and expenses are included in the Approved Transition Plan or are otherwise approved by Owner. Payment of such expenses shall be made by Owner within thirty (30) days of Operator's submission of an invoice therefor; provided, however, that Owner may defer payment until the Operating Period Commencement Date set forth in the notice by Owner pursuant to Section 3.02.
(b) Subject to the provisions of this Section 5.01(b), Owner shall pay all properly incurred costs and expenses of performing the O&M Services (collectively, the "O&M Expenses"), including without limitation the costs and expenses listed on Schedule 5.01. Acting on behalf of Owner as agent, Operator shall incur O&M Expenses only to the extent the nature and amount of such costs and expenses (i) all reasonable and documented out-of-pocket feesare included within the Approved Operating Budget (it being agreed that Operator may exceed the budget amount for any line item so long as the overall budget amount has not been exceeded) or are otherwise approved by Owner, costs and expenses (ii) are incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension performance of any Letter of Credit Unscheduled Maintenance as approved in writing by Owner, or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges are incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to thereinan emergency as provided under Section 4.04 hereof. Unless an Event of Default has occurred and is continuing, the Borrower Operator shall not be responsible for paying all expenses not incurred in accordance with this Agreement. Payment of O&M Expenses by Owner shall be made from the reimbursement O&M Operating Account, which is more particularly described in Section 5.03. Except as specifically provided herein, Operator shall not incur on Owner's behalf any O&M Expenses. All O&M Expenses, except the Labor Costs of any feesOperator's personnel, costs the cost of services provided by Operator's Affiliates and expenses of the Independent Valuation Provider items purchased with xxxxx cash, shall be incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)name of Owner.
Appears in 2 contracts
Samples: Operation and Maintenance Agreement (Northeast Energy Associates), Operation and Maintenance Agreement (Northeast Energy Associates)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by Lender (whether prior or subsequent to the Administrative Agentdate hereof and regardless of whether an Event of Default exists) in connection with (a) the negotiation, preparation, execution, delivery, administration, modification, amendment or waiver of, or consent under, any provision of this Agreement, any of the Collateral Agent other Loan Documents or any of the other documents to be delivered hereunder or thereunder, (b) the closing or administration of the Loan, and their Affiliates (c) any Default or alleged Default hereunder; including in each case, without limitation, all reasonable fees and expenses associated with travel and all reasonable fees and expenses of legal counsel (including the reasonable fees, charges and disbursements of one outside legal counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal in-house legal counsel)), accountants, appraisers, engineers, surveyors and consultants retained by Lender with respect thereto. Additionally, if an Event of Default occurs, Borrower shall pay all costs and expenses incurred by Lender (including, without limitation, the reasonable fees and expenses of legal counsel, including outside legal counsel and the allocated costs of in-house legal counsel) in connection with the syndication of the credit facilities provided for hereinrestructuring or enforcement (whether through negotiation, the preparation and administration (collection, bankruptcy, insolvency or other than internal overhead chargesenforcement proceedings or otherwise) of this Agreement and the other Loan Documents and any amendments, modifications or waivers the collection of the provisions hereof Loan, including, without limitation, any costs incurred in connection with any attempt to inspect, verify, protect, preserve, restore, collect, sell, liquidate or thereof (whether otherwise dispose of or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses realize upon any of the Independent Valuation ProviderCollateral. Additionally, (ii) Borrower shall pay all reasonable and documented out-of-pocket fees, costs and expenses incurred by Lender (including, without limitation, the Issuing Bank reasonable fees and expenses of legal counsel, including outside legal counsel and the allocated costs of in-house legal counsel) in connection with any litigation, contest, dispute, suit, proceeding or action brought against Lender by any third party relating in any way to the issuanceProperty or any of the other Collateral, amendmentthis Agreement or any of the other Loan Documents or Borrower's affairs. Additionally, renewal if any taxes (excluding taxes imposed upon or extension measured by the net income of Lender but including, without limitation, any note or mortgage taxes and all revenue stamps) shall be payable on account of the execution or delivery of this Agreement, or the execution, delivery, issuance or recording of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Sectionor the creation of any of the Obligations hereunder, by reason of any existing or hereafter enacted federal or state statute, Borrower will pay all such taxes, including, but not limited to, any interest and penalties thereon, and will indemnify and hold Lender and Lender harmless from and against liability in connection therewith. Additionally, Borrower shall pay all recording, filing and related costs reasonably incurred by Lender in connection with the Loans made or Letters of Credit issued hereunderLoan. All amounts payable by Borrower pursuant to this Section 9.14 shall be due and payable ten (10) days after written demand to Borrower (which demand shall include invoices for such amounts). All such amounts shall be additional Obligations under this Agreement and shall be secured by the Security Documents and the Collateral. All such amounts shall bear interest at the Contract Rate (or, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuingif applicable, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”Default Rate).
Appears in 2 contracts
Samples: Loan Agreement (STW Resources Holding Corp.), Loan Agreement (STW Resources Holding Corp.)
Costs and Expenses. The Borrower shall Company agrees to pay (i) all reasonable and documented out-of-pocket fees, costs documented and invoiced expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Providerthereof, (ii) all reasonable documented and documented invoiced out-of-pocket fees, costs and expenses incurred by the Issuing Bank any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all reasonable out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, Lender and any L/C Issuer (including the fees, charges and disbursements of Fried, Frank, Harris, Xxxxxxx & Xxxxxxxx LLP, counsel for the Administrative Agent, any Lender and the Collateral Agent, the Issuing Bank or any LenderL/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit; PROVIDED that the Company shall not be required to reimburse the legal fees and expenses of more than one outside counsel (ivin addition to any special counsel and up to one local counsel in each applicable local jurisdiction) for all reasonable out-of-pocket costsPersons indemnified under this SUBSECTION (a); PROVIDED, expensesFURTHER, taxesthat the Company shall not be required to pay the fees and expenses of third party advisors to the Administrative Agent, assessments and other charges incurred in connection with any filingLender or the L/C Issuer (which shall not include counsel otherwise authorized hereunder) without the prior written consent of the Company (such consent not to be unreasonably withheld or delayed); PROVIDED, registrationFURTHER that, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an so long as no Event of Default has occurred and is continuing, the Borrower fees, charges and disbursements incurred by counsel for the Administrative Agent in connection with the administration of, or any amendments, modifications or waivers to, the Loan Documents shall not be responsible for exceed $5,000 in any given month without the reimbursement of any fees, costs and expenses prior written consent of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) Company and no amounts in excess of $5,000 per month shall be payable by the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all Company if no such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)prior written consent has been obtained.
Appears in 2 contracts
Samples: Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc)
Costs and Expenses. The Borrower Upon the Close of Escrow: (i) Subject to subsection (ii)(G), below, Seller shall pay (iA) all reasonable county documentary transfer taxes, (B) one-half (1/2) of all city transfer taxes, (C) all Escrow fees, (D) Seller’s share of prorations, (E) real estate commissions payable to Seller’s Broker, (F) Stanford’s legal and documented outadministrative charges and costs, if any, payable to Stanford under the Ground Lease to consummate the transaction contemplated hereby (provided, however, for clarity, Seller shall not be obligated to pay legal or any other costs of Stanford or Buyer related to or arising out of Stanford’s and Buyer’s negotiations of a restated or amended Ground Lease), and (G) the premium for the Owner’s Policy (exclusive of any endorsements or non-ofstandard coverage) and (ii) Buyer shall pay
(A) one-pocket half (1/2) of all city transfer taxes, (B) all document recording charges, (C) the cost of any endorsements not included in the Owner’s Policy addressed in subsection (i)(G) above, (D) Buyer’s share of prorations, (F) real estate commissions payable to Buyer’s Broker, if any, pursuant to Section 8.2, and (G) any county documentary transfer taxes or city transfer taxes triggered by any restatement or amendment to the Ground Lease, and (iii) at or after the Closing, Buyer and Seller shall each pay all legal and professional fees and fees of other consultants incurred by them, respectively. All other escrow fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent shall be allocated between Buyer and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Seller in connection accordance with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case customary practice in the aggregate incurred for all County. Escrow Holder shall notify Buyer and Seller in writing of their respective shares of such fees, costs and expenses in any 12-month period at least three (3) business days prior to the “IVP Supplemental Cap”)Closing.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Vmware, Inc.)
Costs and Expenses. The Borrower shall pay (ia) all reasonable and documented out-of-pocket fees, All costs and expenses incurred by the Administrative AgentMaster Servicer in carrying out its duties hereunder, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs fees and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights Mortgage Loans (including enforcement of Liquidated Mortgages), shall be paid by the Master Servicer and the Master Servicer shall not be entitled to reimbursement hereunder, except that the Master Servicer shall be reimbursed out of the Liquidation Proceeds of a Liquidated Mortgage for ordinary and necessary Liquidation Expenses incurred by it directly in connection with this Agreement realizing upon the related Mortgaged Property.
(b) In addition, the Master Servicer shall pay the cost of (i) the preservation, restoration and the other Loan Documentsprotection of any Mortgaged Property, (ii) any enforcement or judicial proceedings, including its rights under this Sectionforeclosures, or and (iii) the management and liquidation of a Mortgaged Property acquired in satisfaction of the related Mortgage Loan. Such expenditures may include costs of collection efforts, reappraisals when a Mortgage Loan is past due, legal fees in connection with foreclosure actions, advancing payments on the Loans made or Letters related senior mortgages, if any, acquiring the related senior mortgage(s), if any, advances of Credit issued hereunderdelinquent property taxes, including all upkeep and maintenance of the Mortgaged Property if it is acquired through foreclosure, and similar types of expenses. Each such out-of-pocket expenses expenditure constitutes a "Servicing Advance." The Master Servicer shall be obligated to make the Servicing Advances incurred during any workoutin the performance of its servicing obligations only if it determines (i) that such actions will increase the proceeds of liquidation of the Mortgage Loan to Certificateholders after reimbursement to itself for such expenses, restructuring or negotiations in respect thereof and (ivii) all reasonable out-of-pocket coststhat such expenses will be recoverable to it as described in clause (c) of this Section 5.08.
(c) The Master Servicer shall be entitled to recover Servicing Advances to the extent permitted by the related Mortgage Loan or, expensesif not theretofore recovered from the Mortgagor on whose behalf such Servicing Advance was made, taxesfrom Liquidation Proceeds, assessments Insurance Proceeds and such other charges incurred in connection with any filing, registration, recording amounts as may be collected by the Master Servicer from the Mortgagor or perfection of any security interest contemplated by any Security Document or any other document referred otherwise relating to thereinthe Mortgage Loan. Unless an Event of Default has occurred and is continuing, Servicing Advances shall be reimbursable to the Borrower shall not be responsible for Master Servicer from the reimbursement of any fees, costs and expenses sources described above out of the Independent Valuation Provider incurred funds on deposit in the Certificate Account pursuant to 5.12(b)(iii) in excess Section 8.02(c), such right of reimbursement being prior to the greater rights of Certificateholders to receive any related Liquidation Proceeds (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”including Insurance Proceeds).
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Cit Group Securitization Corp Iii), Pooling and Servicing Agreement (Cit Home Equity Loan Trust 2003-1)
Costs and Expenses. The Borrower Credit Parties shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Agent), and shall pay all reasonable fees and time charges and disbursements for attorneys who may be employees of the Collateral Agent collectively (other than the allocated costs of internal counsel))Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Credit Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby Transactions shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender and the Swingline Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or Swingline Loan or any demand for payment thereunder, thereunder and (iii) all reasonable out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agentany Lender, the Issuing Bank Lender or any Lender, the Swingline Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender, the Collateral Swingline Lender or the Issuing Lender), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender, the Issuing Bank Lender or any the Swingline Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Credit Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording of such Loans or perfection Letters of any security interest contemplated by any Security Document or any other document referred to thereinCredit. Unless an Event of Default has occurred and is continuingNotwithstanding the foregoing, the U.K. Borrower shall not be responsible obligated to pay for any such expenses, except to the reimbursement of any fees, costs and expenses extent that they relate to the Obligations of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of U.K. Borrower under the greater of (x) $200,000 and (y) 0.05% of Euro Term Loan, the total CommitmentsU.K. Borrower Revolving Loans, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (U.K. Guaranty or the “IVP Supplemental Cap”)U.K. Collateral Documents.
Appears in 1 contract
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Agent) in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans Advances made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Advances or Letters of Credit. The foregoing costs and (iv) expenses shall include all reasonable search, filing, recording, appraisal charges and fees and taxes related thereto, and other out-of-pocket costs, expenses, taxes, assessments expenses incurred by the Administrative Agent or any Lender and the cost of independent public accountants and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated outside experts retained by any Security Document the Administrative Agent or any other document referred to thereinLender. Unless an Event of Default has occurred and is continuing, All amounts due under this Section 9.04 shall be payable within thirty (30) days after demand. The agreements in this Section shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 1 contract
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Company and the Collateral Agent collectively (other than the allocated costs of internal counsel)), Purchasers shall bear their own expenses in connection with the syndication of the credit facilities provided for hereindevelopment, the preparation preparation, negotiation and administration (other than internal overhead charges) execution of this Agreement and the other Loan Note Documents provided that the Company shall be responsible for all costs and expenses of the Collateral Agent incurred in connection therewith. The Company agrees (i) to pay or reimburse the Holders and the Collateral Agent for all reasonable costs and expenses incurred in connection with any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated hereby or thereby shall be are consummated) ), and the administration of the transactions contemplated hereby and thereby, including all costs and expenses of the Independent Valuation ProviderAttorney Costs, (ii) to pay or reimburse the Purchasers and the Collateral Agent for all reasonable and reasonable, documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuanceenforcement, amendmentattempted enforcement, renewal or extension preservation of any Letter rights or remedies under this Agreement or the other Note Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of Credit or the Obligations of the Note Parties under the Note Documents and during any demand for payment thereunderlegal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs, and (iii) after the occurrence and during the continuance of an Event of Default, to pay or reimburse each Holder for all reasonable out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with any “workout” or restructuring in respect of the enforcement or protection of its rights in connection with this Agreement Obligations and the other Loan Documentsduring any legal proceeding, including its rights any proceeding under this Section, or in connection with the Loans made or Letters of Credit issued hereunderany Debtor Relief Law), including all such Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof by the Purchasers and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments the Collateral Agent and the cost of independent public accountants and other charges incurred outside experts retained by the Holders and the Collateral Agent. All amounts due under this Section 14.1 shall be payable within ten Business Days after demand therefor. The agreements in connection with any filing, registration, recording or perfection this Section 14.1 shall survive the repayment of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses all Obligations of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of Note Parties under the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Note Documents.
Appears in 1 contract
Samples: Note Purchase Agreement (Global Cash Access Holdings, Inc.)
Costs and Expenses. The Whether or not the transactions contemplated hereby shall be consummated, Borrower shall pay reimburse the Lender for (i) all the actual and reasonable and documented out-of-pocket fees, costs and expenses incurred by of preparation of the Administrative AgentLoan Documents and any consents, amendments, waivers or other modifications thereto; (ii) all the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection confirming Borrower’s performance of and compliance with the syndication of the credit facilities provided for herein, the preparation all agreements and administration (other than internal overhead charges) of conditions on its part to be performed or complied with under this Agreement and the other Loan Documents including with respect to confirming compliance with environmental and insurance requirements; (iii) the reasonable fees, expenses and disbursements of counsel to the Lender (including allocated costs of internal counsel) in connection with the negotiation, preparation, execution and administration of the Loan Documents and any consents, amendments, waivers or other modifications thereto and any other documents or waivers matters requested by Borrower; (iv) all the actual costs and reasonable expenses of creating and perfecting Liens in favor of the provisions hereof Lender pursuant to any Collateral Document, including filing and recording fees, expenses and taxes, stamp or thereof documentary taxes, search fees, title insurance premiums, and reasonable fees, expenses and disbursements of counsel to the Lender and of counsel providing any opinions that the Lender may request in respect of the Collateral Documents or the Liens created pursuant thereto; (whether v) all the actual costs and reasonable expenses (including the reasonable fees, expenses and disbursements of any auditors, accountants or not appraisers and any environmental or other consultants, advisors and agents employed or retained by the transactions contemplated hereby Lender and its counsel) of obtaining and reviewing any appraisals, environmental audits or thereby shall be consummatedreports provided for hereunder; (vi) all the actual costs and reasonable expenses (including the reasonable fees, expenses and disbursements of any consultants, advisors and agents employed or retained by the Lender and its counsel) in connection with the custody or preservation of any of the Collateral; (vii) after the occurrence of an Event of Default, all costs and expenses, including reasonable attorneys’ fees (including allocated costs of internal counsel) and costs of settlement, incurred by the Lender in enforcing any Obligations of or in collecting any payments due from Borrower hereunder or under the other Loan Documents by reason of such Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral) or in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to the Chapter 11 Case, or any other insolvency or bankruptcy proceedings; and (viii) all reasonable expenses of the Independent Valuation ProviderLender in connection with its due diligence analysis and credit approval with respect to the financing transaction contemplated hereby. Without limiting the generality of the foregoing, if, at any time or times, regardless of the existence of an Event of Default, the Lender shall incur reasonable expenses itself or employ counsel or other professional advisors, including, but not limited to, environmental, financial and management consultants, for advice or other representation or shall incur legal, appraisal, accounting, consulting or other reasonable costs and expenses in connection with: (i) any litigation, contest, dispute, suit, proceeding or action (whether instituted by the Lender, Borrower or any other Person) in any way relating to the Collateral, any of the Loan Documents, or any other agreements to be executed or delivered in connection therewith or herewith, including any litigation, contest, dispute, suit, case, proceeding or action, and any appeal or review thereof, in connection with a case or proceeding commenced by or against Borrower or any other Person that may be obligated to the Lender by virtue of the Loan Documents, under the Bankruptcy Code, or any other applicable Federal, state, or foreign bankruptcy or other similar law; (ii) all any attempt to enforce any rights or remedies of the Lender against Borrower, or any other Person that may be obligated to the Lender by virtue of being a party to any of the Loan Documents; (iii) any attempt to appraise, inspect, verify, protect, collect, sell, liquidate or otherwise dispose of the Collateral, including without limitation, obtaining and reviewing any environmental audits or reports provided for hereunder; or (iv) the Chapter 11 Case (including, without limitation, the on-going monitoring by the Lender of the Chapter 11 Case, including attendance by the Lender and its counsel at hearings or other proceedings and the on-going review of documents filed with a Court in respect thereof) and the Lender’s interests with respect to Borrower (including, without limitation, the on-going review of Borrower’s business, assets, operations, prospects or financial condition as the Lender shall deem necessary), the Collateral or the Obligations; then, and in any such event, the reasonable and documented out-of-pocket fees, costs fees and expenses incurred by the Issuing Bank Lender and such attorneys and other professional advisors and consultants arising from such services, including those of any appellate proceedings, and all reasonable expenses, costs, charges and other fees incurred by such counsel or other professionals in any way or respect arising in connection with or relating to any of the issuanceevents or actions described in this Section 9.05 shall be payable by Borrower to the Lender in accordance with the Budget, amendmentprovided that all such expenses, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including feescosts, charges and disbursements other fees in excess of counsel for the Administrative Agentamounts provided in the Budget, if any, shall be paid no later than the earlier of (i) the Maturity Date and (ii) acceleration of the Obligations pursuant to Article 8 hereof, and all such expenses, costs, charges and other fees shall be additional Obligations secured under the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement Documents and the other Loan Documents. Without limiting the generality of the foregoing, including its rights under this Sectionsuch expenses, costs, charges and fees may include: paralegal fees, costs and expenses; accountants’ and experts’ fees, costs and expenses; appraisers’ fees, costs and expenses; management and other consultants’ fees, costs and expenses; court costs and expenses; photocopying and duplicating expenses; court reporter fees, costs and expenses; long distance telephone charges; communication charges, air express charges; telegram charges; secretarial overtime charges; and expenses for travel, lodging and food paid or incurred in connection with the Loans made performance of such legal or Letters other professional services. For the avoidance of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations doubt nothing in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection this Section 9.05 shall be construed to provide for the payment of any security interest contemplated costs or expenses that may be sought by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred Purchaser pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Asset Purchase Agreement.
Appears in 1 contract
Samples: Loan Agreement (Decode Genetics Inc)
Costs and Expenses. The Borrower (i) Except as otherwise provided herein, the Loan Parties, jointly and severally, shall pay the reasonable and documented out-of-pocket transaction and diligence expenses of Agent and the Lenders (including the reasonable and documented out-of-pocket fees, charges and disbursements of any counsel for Agent or any Lender and of any consultants to the Lender) in connection with the initial preparation, negotiation, execution and delivery of the Loan Documents and all actual fees, costs and reasonable and documented expenses of creating and perfecting Liens in favor of Agent, for the benefit of Xxxxxxx, including filing and recording fees, expenses and Other Taxes, search fees, title insurance premiums and reasonable and documented fees, expenses and disbursements of counsel to Agent; and
(ii) Loan Parties, jointly and severally, shall pay (ia) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates or any Lender (including the reasonable and documented out-of-pocket fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), or any Lender) in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents (including all reasonable and documented out-of-pocket expenses related to the board observation rights set forth in Section 5.16), or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (b) including all Agent’s actual costs and reasonable and documented fees, expenses for, and disbursements of any of Agent’s, auditors, accountants, consultants or appraisers whether internal or external (subject to the Independent Valuation Providerlimitations agreed to herein), and all reasonable and documented out-of-pocket attorneys’ fees, costs, expenses and disbursements incurred by Agent, (iic) all actual costs and reasonable and documented out-of-pocket expenses (including the reasonable and documented out-of-pocket fees, costs expenses and expenses incurred disbursements of any appraisers, consultants, advisors and agents employed or retained by Agent and its counsel (subject to the Issuing Bank limitations agreed to herein)) in connection with the issuance, amendment, renewal custody or extension preservation of any Letter of Credit the Collateral, (d) all reasonable and documented out of pocket expenses incurred by Agent or any demand Lender (including the fees, charges and disbursements of any counsel for payment thereunderAgent or any Lender) in connection with review of the insurance policies maintained by the Loan Parties, limited to a maximum of one (iii1) review per Fiscal Year, and (e) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender, Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank Agent or any Lender), in connection with the enforcement enforcement, collection or protection of its rights (i) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (ii) in connection with the Loans Term Loan made or Letters of Credit issued hereunder, including all such out-of-out of pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with with, of negotiation of, any filingrefinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work out” or pursuant to any insolvency or bankruptcy cases or proceedings, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to thereinproceeding under a Debtor Relief Law. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”).Presto Credit Agreement 59
Appears in 1 contract
Costs and Expenses. The Borrower shall agrees (a) to pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for or reimburse the Administrative Agent and the Collateral Agent collectively (other than the allocated for all reasonable costs of internal counsel)), and expenses incurred in connection with the syndication of the credit facilities provided for hereindevelopment, the preparation preparation, negotiation and administration (other than internal overhead charges) execution of this Agreement and the other Loan Documents and any amendmentsamendment, modifications waiver, consent or waivers other modification of the provisions hereof or and thereof (whether or not the transactions contemplated hereby or thereby shall be are consummated) ), and the consummation and administration of the transactions contemplated hereby and thereby, including all costs and expenses of the Independent Valuation ProviderAttorney Costs, (iib) to pay or reimburse the Administrative Agent and the Collateral Agent for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuanceenforcement, amendmentattempted enforcement, renewal or extension preservation of any Letter rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of Credit the Obligations and during any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs, and (c) after the occurrence and during the continuance of an Event of Default, to pay or any demand reimburse each Lender for payment thereunder, (iii) all reasonable out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with any “workout” or restructuring in respect of the enforcement or protection of its rights in connection with this Agreement Obligations and the other Loan Documentsduring any legal proceeding, including its rights any proceeding under this Section, or in connection with the Loans made or Letters of Credit issued hereunderany Debtor Relief Law), including all such Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof by the Administrative Agent and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments the Collateral Agent and the cost of independent public accountants and other charges incurred outside experts retained by the Administrative Agent and the Collateral Agent. All amounts due under this Section 11.04 shall be payable within ten Business Days after demand therefor. The agreements in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, this Section 11.04 shall survive the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses termination of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess Aggregate Commitments and repayment of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other Obligations.
Appears in 1 contract
Samples: Credit Agreement (Global Cash Access Holdings, Inc.)
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their its Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)Agent), in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider), (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, thereunder and (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender, L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank any Lender or any Lender), L/C Issuer) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording of such Loans or perfection Letters of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, Credit; provided that the Borrower shall not pay, and a Defaulting Lender shall not be responsible for the reimbursement of any feesentitled to be reimbursed for, costs and expenses incurred by such Defaulting Lender in effecting its cure from being a Defaulting Lender or the replacement of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Defaulting Lender hereunder.
Appears in 1 contract
Samples: Credit Agreement (Helix Energy Solutions Group Inc)
Costs and Expenses. The Borrower shall pay (a) (i) TWC agrees to pay, within 30 days of receipt by TWC of request therefor, all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation ProviderJoint Lead Arrangers, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Syndication Agent, the Collateral Agent, the Agent and the Issuing Bank Banks in connection with the syndication, preparation, execution, delivery, administration, modification and amendment of this Agreement, the Letters of Credit, the Notes, or any Lenderother Credit Document and the other documents to be delivered under this Agreement, (including feesthe reasonable fees and out-of-pocket expenses of Bracewell & Giuliani, charges and disbursements of LLP, counsel for the Administrative Agent, with respect thereto xxx xxxx rexxxxx xx advising the Agent as to its rights and responsibilities under this Agreement, the Notes and any other Credit Document, the reasonable costs and expenses of the Issuing Banks in connection with any Letter of Credit, the reasonable out-of-pocket costs and expenses of the Collateral Agent and all amounts paid by the Collateral Agent pursuant to the Pledge and (ii) TWC agrees to pay on demand all costs and expenses, if any (including reasonable counsel fees and out-of-pocket expenses), of the Agent, the Collateral Agent, the Syndication Agent, the Issuing Banks and each Bank or any Lender), in connection with the enforcement (after the occurrence and during the continuance of an Event of Default and whether through negotiations (including formal workouts or protection restructurings), legal proceedings or otherwise) against any Credit Party of any Credit Document.
(b) Each Borrower agrees, to the fullest extent permitted by law, to indemnify and hold harmless the Agent, the Collateral Agent, the Syndication Agent, the Issuing Banks, the Joint Lead Arrangers and each Bank and each of their respective affiliates, directors, officers, employees and agents (the "Indemnified Parties") from and against any and all claims, damages, losses, liabilities, costs, fees and expenses (including reasonable fees and disbursements of counsel) of any kind or nature whatsoever for which any of them may become liable or which may be incurred by or asserted against any of the Indemnified Parties (other than claims and related damages, losses, liabilities, costs, fees and expenses made by one Bank (or its rights in connection with this Agreement and the other Loan Documentssuccessors or assignees) against another Bank) arising out of, including its rights under this Section, related to or in connection with the Loans made or Letters of (i) any Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document or instrument delivered in connection herewith, (ii) any violation by any Credit Party or any Subsidiary of any Credit Party of any Environmental Law or any other law, rule, regulation or order, (iii) any Revolving Credit Advance, any Letter of Credit or the use or proposed use of the proceeds of any Revolving Credit Advance or Letter of Credit, (iv) any of the Commitments, (v) any transaction in which any proceeds of any Letter of Credit or Revolving Credit Advance are applied or (vi) any investigation, litigation or proceeding, whether or not any of the Indemnified Parties is a party thereto, related to or in connection with any of the foregoing or any Credit Document (EXPRESSLY INCLUDING ANY SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, FEE OR EXPENSE ATTRIBUTABLE TO THE ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE OF SUCH INDEMNIFIED PARTY, BUT EXCLUDING ANY SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, FEE OR EXPENSE SOUGHT TO BE RECOVERED BY ANY INDEMNIFIED PARTY TO THE EXTENT SUCH CLAIM, DAMAGE, LOSS, LIABILITY, COST, FEE OR EXPENSE IS FOUND IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNIFIED PARTY OR THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE AFFILIATES, ADVISORS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS OF SUCH INDEMNIFIED PARTY). IT IS THE INTENT OF THE PARTIES HERETO THAT EACH INDEMNIFIED PARTY SHALL, TO THE EXTENT PROVIDED IN THIS SECTION 8.4(B), BE INDEMNIFIED FOR ITS OWN ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE.
(c) If any payment of principal of, or Conversion of, or purchase pursuant to Section 2.6(c) of, or assignment pursuant to a Transfer Agreement referred to therein. Unless an Event in Section 2.19(c) of, any portion of Default has occurred and any Eurodollar Rate Advance owed by any Borrower to any Bank is continuingmade other than on the last day of the Interest Period for such Eurodollar Rate Advance, as a result of a payment, prepayment or Conversion pursuant to this Agreement or acceleration of the maturity of the Notes pursuant to Section 6.1 or such purchase or assignment, such Borrower shall, upon demand by such Bank (with a copy of such demand to the Agent), pay to the Agent for the account of such Bank any amounts required to compensate such Bank for any additional losses, costs or expenses that it may reasonably incur as a result of such payment, purchase, assignment or Conversion, including any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Bank to fund or maintain such Eurodollar Rate Advance.
(d) Without prejudice to the survival of any other agreement of the Borrowers hereunder, the Borrower shall not be responsible for the reimbursement of any fees, costs agreements and expenses obligations of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) Borrowers contained in excess Sections 2.2, 2.6 and 2.8 and this Section 8.4 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Notes.
Appears in 1 contract
Costs and Expenses. The (a) Lender and Borrower shall pay each bear its own costs and expenses (i) including, without limitation, all reasonable legal, accounting, audit, due diligence and documented other out-of-pocket fees, costs and expenses expenses) incurred by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication consummation of the credit facilities provided transactions contemplated by this Agreement and the other Transaction Documents to which they are a party. Subject to clause (b) below, Lender and Borrower shall also each pay their own fees and expenses incurred in connection with the exercise of their respective rights and the performance of their respective duties under this Agreement and the other Transaction Documents to which they are a party following the Closing Date. Borrower shall reimburse the Trustee for hereinthe Trustee's reasonable costs and expenses (including, without limitation, all reasonable legal, accounting, audit, due diligence and out-of-pocket expenses) incurred in connection with the preparation execution and administration (other than internal overhead charges) delivery of this Agreement and the other Loan Documents and any amendments, modifications or waivers consummation of the provisions hereof or thereof (whether or not the transactions contemplated hereby by this Agreement.
(b) Borrower agrees to pay or thereby shall be consummated) including all costs reimburse each of Lender and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any Trustee upon demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by Lender or the Administrative AgentTrustee following the Closing Date, including reasonable and documented fees and expenses of its attorneys, accountants and auditors, incurred by Lender or the Collateral AgentTrustee, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender)as applicable, in connection with any of the enforcement following: (i) the creation, perfection or protection of its rights the Liens under any Transaction Document (including any reasonable and documented fees, disbursements and expenses for local counsel in connection with this Agreement and various jurisdictions), (ii) in enforcing any Transaction Document or any security therefor or exercising or enforcing any other right or remedy available by reason of the other Loan Documentsoccurrence of the Change of Control Trigger or an Event of Default, including its rights under this Section(iii) during the continuance of any Event of Default, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filingrefinancing or restructuring of the credit arrangements provided hereunder in the nature of a "work-out" or in any insolvency or bankruptcy proceeding, registration(iv) in commencing, recording defending or perfection intervening in any litigation or in filing a petition, complaint, answer, motion or other pleadings in any legal proceeding related to or arising out of any security interest the transactions contemplated hereby or by any Security other Transaction Document or (v) in taking any other document referred action in or with respect to therein. Unless an Event of Default has occurred and is continuingany suit or proceeding (bankruptcy or otherwise) described in clause (ii), the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii(iii) in excess of the greater of or (xiv) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)above.
Appears in 1 contract
Costs and Expenses. The Borrower Any action taken by any Credit Party under or with respect to any Loan Document, even if required under any Loan Document or at the request of Agent, the Co-Collateral Agents or Required Lenders, shall be at the expense of such Credit Party, and neither Agent nor any other Secured Party shall be required under any Loan Document to reimburse any Credit Party or any Subsidiary of any Credit Party therefor except as expressly provided therein. In addition, the Borrowers agree to pay or reimburse within five (i5) Business Days of the demand therefor (a) Agent for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates it or any of its Related Persons (including the reasonable fees, charges fees and disbursements out-of-pocket expenses of one outside primary counsel for Agent and of any necessary special and/or appropriate local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel)in applicable local jurisdictions, but limited to one local counsel in each such jurisdiction), in connection with the diligence, syndication (limited to the costs associated with the establishment and maintenance of a data site such as Syndtrak or Intralinks), preparation, negotiation, execution, interpretation or administration of, any modification of any term of or termination of, any Loan Document, any commitment or proposal letter therefor, any other document prepared in connection therewith or the credit facilities provided for hereinconsummation and administration of any transaction contemplated therein, the preparation cost of environmental audits, Collateral audits, appraisals and administration examinations, background checks and similar expenses (other than subject to any limitations set forth herein) or the engagement and retention of any consultants or advisor, (b) Agent for all reasonable costs and expenses incurred by it or any of its Related Persons in connection with internal overhead charges) of this Agreement audit reviews, field examinations and the other Loan Documents Collateral examinations and any amendments, modifications or waivers of the provisions hereof or thereof appraisals (whether or not the transactions contemplated hereby or thereby which shall be consummatedreimbursed, in addition to the out-of-pocket costs and expenses of such examiners, at the per diem rate per individual customarily charged by Agent for its examiners), subject to the limitations set forth in this Agreement, (c) including L/C Issuer for all costs and expenses incurred in connection with the Issuance of Letters of Credit or the Independent Valuation Providertransactions related thereto, (iid) each of Agent, its Related Persons, the Arrangers, the Co-Collateral Agent and the Lenders for all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with (i) any filingrefinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out”, registration, recording (ii) the enforcement or perfection preservation of any security interest contemplated by right or remedy under any Security Document Loan Document, any Obligation, with respect to the Collateral or any other related right or remedy or (iii) the commencement, defense, conduct of, intervention in, or the taking of any other action (including, without limitation, preparation for and/or response to any subpoena or request for document referred production relating thereto) with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to therein. Unless an Event any Credit Party, any Subsidiary of Default has occurred and is continuingany Credit Party, Loan Document, or Obligation, provided, however, that in the Borrower shall not be responsible for the absence of conflicts, reimbursement of any fees, costs legal fees and expenses shall be limited to the reasonable legal fees and expenses of one counsel to Agent, the Independent Valuation Provider incurred pursuant Arrangers, the Co-Collateral Agents and the Lenders taken as a whole (which shall be designated by Agent) and of one local counsel to 5.12(b)(iiiAgent, the Arrangers, the Co-Collateral Agents and the Lenders taken as a whole (which shall be designated by Agent) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)relevant jurisdiction.
Appears in 1 contract
Samples: Credit Agreement (Furniture Brands International Inc)
Costs and Expenses. The Borrower shall pay In addition to the rights of indemnification granted under Clause 9 (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred Indemnities by the Administrative Agent, the Collateral Agent and their Affiliates (including the reasonable fees, charges and disbursements of one outside counsel and of any necessary special and/or local counsel for the Administrative Agent Borrower) and the Collateral Agent collectively (other than the allocated costs of internal counsel)), in connection with the syndication of the credit facilities provided for obligations herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses of the Independent Valuation Provider, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any Borrower agrees to pay on demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, (including fees, charges and disbursements of counsel for the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender), in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costscosts and expenses (including reasonable counsel’s fees and expenses) plus, expensesin each case, taxesany applicable VAT thereon, assessments of (a) the Administrative Agent and other charges GE in its capacity as Lender, incurred in connection with the preparation, execution, delivery, administration, amendment or modification of, or any filingwaiver or consent issued in connection with this Agreement, registrationthe Transaction Documents and the other documents to be delivered thereunder, recording and (b) any Indemnified Party incurred in connection with the amendment or perfection modification of, or any waiver or consent issued in connection with this Agreement, the Transaction Documents and the other documents to be delivered thereunder or in connection therewith, including, without limitation (i) the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect thereto and with respect to advising the Administrative Agent as to its respective rights and remedies under the Transaction Documents and the other documents to be delivered in connection therewith, (ii) all reasonable fees and expenses of GE associated with any security interest contemplated due diligence conducted by it or on behalf of the other Indemnified Parties prior to the Closing Date and (iii) all reasonable fees and expenses associated with any Security Document collateral audits and field examinations conducted by the Administrative Agent or on behalf of the other Indemnified Parties after the Closing Date in accordance with the Transaction Documents. In addition, the Borrower agrees to pay on demand all out of pocket costs and expenses, if any (including reasonable counsel’s fees and expenses), plus, in each case, any applicable VAT thereon, incurred by the Lenders, the Administrative Agent and the other Indemnified Parties in connection with the enforcement of this Agreement, the other Transaction Documents and any other document referred to therein. Unless an Event of Default has occurred and be delivered in connection therewith, including any restructuring, workout or administration in connection with any Transaction Documents to which it is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all a party or such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)other documents.
Appears in 1 contract
Costs and Expenses. The Borrower Credit Parties shall pay (i) (x) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral each Agent and their its Affiliates (including the reasonable and documented out-of-pocket fees, charges and disbursements of one outside counsel and of any necessary special and/or local primary counsel for the Administrative Agent Agents and, if reasonably necessary, local and/or specialty counsel to the Agents, the Lenders and the Collateral Agent collectively Issuing Bank taken as a whole (other than the allocated costs of internal counsellimited to one specialty counsel in any reasonably necessary specialty and to one local counsel in each reasonably necessary jurisdiction)), ) in connection with the syndication of the credit facilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Credit Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (y) all reasonable and documented out-of-pocket expenses incurred by each Lender individually (including all costs the reasonable and expenses documented out-of-pocket fees, charges and disbursements of counsel for such Lender) in connection with the syndication of the Independent Valuation Providercredit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated); provided, that the maximum amount any Lender shall be entitled to reimbursement under clause (i)(y) shall not exceed $25,000 and the maximum amount Borrower shall be entitled to pay to all such Lenders (other than the Administrative Agent) pursuant to clause (i)(y) shall not exceed $75,000 in the aggregate when combined with all expense reimbursement payments payable to the Lenders (other than the Administrative Agent) pursuant to clause (iii)(y) below, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iiiiii)(x) all documented out-of-pocket expenses incurred by any Agent, any Lender or the Issuing Bank (including the reasonable and documented out-of-pocket fees, costs charges and disbursements of one primary counsel for the Agents, the Lenders and the Issuing Bank taken as a whole, one local counsel in each relevant jurisdiction for the Agents, the Lenders and the Issuing Bank taken as a whole, one specialty counsel in each relevant specialty for the Agents, the Lenders and the Issuing Bank taken as a whole and, solely in the case of a conflict of interest, one additional counsel to all such affected Persons similarly situated, taken as a whole) and (y) all documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender, Lender individually (including the reasonable and documented out-of-pocket fees, charges and disbursements of counsel for such Lender); provided, that the maximum amount any Lender shall be entitled to reimbursement under clause (iii)(y) shall not exceed $25,000 and the maximum amount Borrower shall be entitled to pay to all such Lenders (other than the Administrative Agent) pursuant to clause (iii)(y) shall not exceed $75,000 in the aggregate when combined with all expense reimbursement payments payable to the Lenders (other than the Administrative Agent) pursuant to clause (i)(y) above, the Collateral Agent, the Issuing Bank or any Lender)in each case, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Credit Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Loans or Letters of Credit, and (iv) all reasonable documented out-of-pocket costsexpenses incurred by FTI Consulting, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document Inc. or any other document referred to therein. Unless an Event of Default has occurred its Affiliates and is continuingIP Consultant or any of its Affiliates, provided that the Borrower shall not be responsible for the reimbursement of any fees, costs fees and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iiiIP Consultant shall be limited as set forth in Section 3(c) of Amendment No. 13 and reaffirmed in excess Section 3(c) of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Amendment No. 14.
Appears in 1 contract
Samples: Credit Agreement (Ebix Inc)
Costs and Expenses. The Borrower shall pay or cause the applicable Loan Party to pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent Agent, the Escrow Agent, the Mandated Lead Arrangers, and their respective Affiliates (including the reasonable fees, charges and disbursements of one outside primary transaction counsel and of any necessary special and/or (plus local counsel in each applicable jurisdiction) for the Administrative Agent and and/or 1066931.03C-XXXXX000000000.04-CHISR02A - MSW the Collateral Agent collectively (other than and/or the allocated costs Escrow Agent, all fees and time charges for attorneys who may be employees of internal counsel))the Administrative Agent and/or the Collateral Agent and/or the Escrow Agent, expenses incurred in connection with due diligence, inventory appraisal and collateral audit and reporting fees, travel, courier, reproduction, printing and delivery expenses, and the obtaining and maintaining of CUSIP numbers for the Loans) in connection with the syndication of the credit facilities facilityfacilities provided for herein, the preparation preparation, negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents Documents, in connection with each step of the Permitted Reorganization, the Aleris Acquisition and the Permitted Holdings Amalgamation, and in connection with any amendmentsamendment, modifications amendment and restatement, modification or waivers waiver of the provisions hereof or thereof of any of the foregoing (whether or not the transactions contemplated hereby or thereby shall be consummated) ), including all costs in connection with post-closing searches to confirm that security filings and expenses of the Independent Valuation Providerrecordations have been properly made, (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank Escrow Agent or any Lender, Lender or any Receiver (including the fees, charges and disbursements of one primary counsel (plus local or special counsel in each applicable jurisdiction) for the Administrative Agent, Agent and/or the Collateral Agent and/or the Escrow Agent (and all fees and time charges for attorneys who may be employees of the Administrative Agent and/or the Collateral Agent and/or the Escrow Agent) and one primary counsel (plus local or special counsel in each applicable jurisdiction) for the Lenders, the Issuing Bank and one primary counsel (plus local or special counsel in each applicable jurisdiction) for any LenderReceiver), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this SectionSection 11.03, or (B) on and after the Springing Security Effective Date, in enforcing, preserving and protecting, or attempting to enforce, preserve or protect its interests in the Collateral or (C) in connection with the Escrow Account, the Escrowed Amounts, and the Loans made or Letters of Credit issued hereunderhereunder (including the Escrowed Term Loans), including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof of such Escrow Account, the Escrowed Amounts, the Loans and/or the Escrowed Term Loans and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments documentary and other similar taxes and charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses respect of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loan Documents.
Appears in 1 contract
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and out‑of‑pocket expenses incurred by the Administrative Agent, the Collateral Agent Administrator, the Collateral Custodian, the Securities Intermediary and each Lender and their respective Affiliates (including the reasonable and documented fees, charges and out-of-pocket disbursements of one outside counsel and of any necessary special and/or local counsel in each applicable jurisdiction for the Administrative Agent or for the Lenders as a whole and one counsel to the Collateral Administrator, the Collateral Custodian and the Collateral Agent collectively Securities Intermediary as a whole, in addition to local counsel (other than the allocated costs of internal counselif applicable)), in connection with the syndication of the credit facilities provided for hereinpreparation, the preparation negotiation, execution, delivery and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) including all costs and expenses ), other than, in the case of the Independent Valuation ProviderAdministrative Agent, those which result from a claim brought by the Borrower, the Borrower Parent or the Servicer against the Administrative Agent for breach of its obligations hereunder or under any other Loan Document, if the Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction and (ii) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket fees, costs and out‑of‑pocket expenses incurred by the Administrative Agent, the Collateral AgentAdministrator, the Issuing Bank Collateral Custodian, the Securities Intermediary or any Lender, Lender (including the reasonable and documented fees, charges and out-of-pocket disbursements of counsel in each applicable jurisdiction for the Administrative AgentAgent or for the Lenders as a whole and counsel to the Collateral Administrator, the Collateral Agent, Custodian and the Issuing Bank or any Lender), Securities Intermediary as a whole) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) all reasonable out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein. Unless an Event of Default has occurred and is continuing, the Borrower shall not be responsible for the reimbursement of any fees, costs and expenses of the Independent Valuation Provider incurred pursuant to 5.12(b)(iii) in excess of the greater of (x) $200,000 and (y) 0.05% of the total Commitments, in each case in the aggregate incurred for all such fees, costs and expenses in any 12-month period (the “IVP Supplemental Cap”)Loans.
Appears in 1 contract