Common use of Expenditures Clause in Contracts

Expenditures. Borrower shall reimburse Administrative Agent and each Lender for any sums spent by it in connection with the exercise of any Right provided herein. Such sums shall bear interest at the lesser of (a) the Base Rate in effect from time to time, plus 3.0% and (b) the Highest Lawful Rate, from the date spent until the date of repayment by Borrower.

Appears in 4 contracts

Sources: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Television Inc), Credit Agreement (Northland Cable Properties Six LTD Partnership)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect from time to timeeffect), plus 3.02.00% per annum and (b) the Highest Lawful Rate, from five days after the date spent any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.

Appears in 4 contracts

Sources: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Pacific Gateway Exchange Inc)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any sums spent by it in connection with the exercise of any Right provided herein. Such sums shall bear interest at the lesser of (a) the Base Rate in effect from time to time, plus 3.02.0% and (b) the Highest Lawful Rate, from the date spent until the date of repayment by the Borrower.

Appears in 3 contracts

Sources: Credit Agreement (General Communication Inc), Credit Agreement (Gci Inc), Credit Agreement (General Communication Inc)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect from time to timeeffect), plus 3.02.00% per annum and (b) the Highest Lawful Rate, from 15 days after the date spent the Administrative Agent makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Qwest Communications International Inc), Credit Agreement (Qwest Communications International Inc)

Expenditures. The Borrower shall reimburse Administrative Agent Lender and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect from time to timeeffect), plus 3.02.00% per annum and (b) the Highest Lawful Rate, from five days after the date spent any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.

Appears in 2 contracts

Sources: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Telco Communications Group Inc)

Expenditures. Borrower The Borrowers shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect from time to timeeffect), plus 3.02.00% per annum and (b) the Highest Lawful Rate, from five days after the date spent any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by Borrowerthe Borrowers.

Appears in 2 contracts

Sources: Credit Agreement (Pacific Gateway Exchange Inc), Credit Agreement (Pacific Gateway Exchange Inc)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any sums spent by it in connection with the exercise of any Right provided herein. Such sums shall bear interest at the lesser of (a) the Base Rate in effect from time to time, plus 3.0% 2.0%, and (b) the Highest Lawful Rate, from the date spent until the date of repayment by the Borrower.

Appears in 2 contracts

Sources: Credit Agreement (World Access Inc /New/), Credit Agreement (World Access Inc /New/)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 8.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect from time to timeeffect), plus 3.02.00% per annum and (b) the Highest Lawful Rate, from 15 days after the date spent the Administrative Agent makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Qwest Communications International Inc)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (as is defined in effect from time to timethe Prepetition Credit Agreement) (whether or not in effect), plus 3.03.00% per annum and (b) the Highest Lawful Rate, from five days after the date spent any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.

Appears in 1 contract

Sources: Debtor in Possession Credit Agreement (Pacific Gateway Exchange Inc)

Expenditures. The Borrower shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right provided hereinunder Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect from time to timeeffect), plus 3.02.00% per annum and (b) the Highest Lawful Rate, from 15 days after the date spent any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Ixc Communications Inc)