Common use of Default Expenses Clause in Contracts

Default Expenses. The failure of the Borrower to comply with any term of this Agreement shall constitute an Event of Default under the Credit Agreement. In addition, the Borrower shall reimburse the Administrative Agent and the Lenders (and any agent or representative of the Administrative Agent or the Lenders) for any expenses incurred by the Administrative Agent or the Lenders (or such agent or representative of the Administrative Agent or the Lenders) in protecting or enforcing their rights under this Agreement, including, without limitation, reasonable attorneys’ fees.

Appears in 6 contracts

Samples: Credit Agreement (Independent Bank Group, Inc.), Credit Agreement (Independent Bank Group, Inc.), Credit Agreement (Independent Bank Group, Inc.)

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Default Expenses. The failure of the Borrower to comply with any term of this Agreement shall constitute an Event of Default under the Credit Agreement. In addition, the Borrower shall reimburse the Administrative Agent and the Lenders Lender (and any agent or representative of the Administrative Agent or the LendersLender) for any expenses incurred by the Administrative Agent or the Lenders Lender (or such agent or representative of the Administrative Agent or the LendersLender) in protecting or enforcing their its rights under this Agreement, including, without limitation, reasonable attorneys’ fees.

Appears in 1 contract

Samples: Definitive Agreement (Independent Bank Group, Inc.)

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