Common use of Costs and Other Payments Clause in Contracts

Costs and Other Payments. If an Event of Default occurs hereunder, then any Cost incurred by Lender under this Agreement or under any Loan Document, or any other advance, disbursement or payment made by Lender pursuant to this Agreement or any Loan Document including but not limited to payments of charges or other protective advances, together with interest thereon at 11% per annum, shall be part of the Obligations secured by the Collateral, payable by Borrowers promptly upon demand therefore.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Orthopediatrics Corp)

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Costs and Other Payments. If an Event of Default occurs hereunder, then any Cost incurred by Lender under this Agreement or under any Loan Document, or any other advance, disbursement or payment made by Lender pursuant to this Agreement or any Loan Document including but not limited to payments of charges or other protective advances, together with interest thereon at 1110% per annum, shall be part of the Obligations secured by the Collateral, payable by Borrowers Borrower promptly upon demand therefore.

Appears in 1 contract

Samples: Loan and Security Agreement (Orthopediatrics Corp)

Costs and Other Payments. If an Event of Default occurs hereunder, then any Cost incurred by Lender under this Agreement or under any Loan Document, or any other advance, disbursement or payment made by Lender pursuant to this Agreement or any Loan Document including but not limited to payments of charges or other protective advances, together with interest thereon at 11% per annumthe Applicable Rate, shall be part of the Obligations secured by the Collateral, payable by Borrowers promptly upon demand therefore.

Appears in 1 contract

Samples: Loan and Security Agreement (Orthopediatrics Corp)

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Costs and Other Payments. If an Event of Default occurs hereunder, then any Cost incurred by Lender under this Agreement or under any Loan Document, or any other advance, disbursement or payment made by Lender pursuant to this Agreement or any Loan Document including but not limited to payments of charges or other protective advances, together with interest thereon at 11% per annumthe Applicable Rate, shall be part of the Obligations secured by the Collateral, payable by Borrowers promptly upon demand therefore. 4.

Appears in 1 contract

Samples: Loan and Security Agreement

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