Expenditures by Lenders. Any sums spent by Administrative Agent or any Lender in the exercise of any Right under any Loan Document is payable by the Companies to Administrative Agent within five Business Days after demand, becomes part of the Obligation, and bears interest at the Default Rate from the date spent until the date repaid.
Appears in 3 contracts
Samples: Second Lien Term Loan Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Second Lien Term Loan Agreement (Goodrich Petroleum Corp)
Expenditures by Lenders. Any sums spent by Administrative Agent or any Lender Credit Party in the exercise of any Right under any Loan Document is payable by the Companies to the Administrative Agent within five (5) Business Days after demand, becomes part of the Obligation, and bears interest at the Default Rate from the date spent until the date repaid.
Appears in 2 contracts
Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)
Expenditures by Lenders. Any sums reasonably spent by Administrative Agent or any Lender in the exercise of any Right under any Loan Credit Document is payable by the Companies to Administrative Agent within five Business Days after demand, becomes part of the Obligation, and bears interest at the Default Rate from the date spent until the date repaid.
Appears in 1 contract
