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 under Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect), plus 2.00% per annum and (b) the Highest Lawful Rate, from five days after the date any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.
Appears in 4 contracts
Samples: 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 reasonable sums spent by it in connection with the exercise of any Right under Section 9.05 hereofprovided herein. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect)effect from time to time, plus 2.002.0% per annum and (b) the Highest Lawful Rate, from five days after the date any Lender makes demand to the Borrower for reimbursement of such amount spent until the date of repayment by the Borrower.
Appears in 3 contracts
Samples: 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 under Section 9.05 hereofprovided herein. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect)effect from time to time, plus 2.00% per annum 2.0%, and (b) the Highest Lawful Rate, from five days after the date any Lender makes demand to the Borrower for reimbursement of such amount spent until the date of repayment by the Borrower.
Appears in 2 contracts
Samples: Credit Agreement (World Access Inc /New/), Credit Agreement (World Access Inc /New/)
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 under Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect), plus 2.00% per annum and (b) the Highest Lawful Rate, from five days after the date any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.
Appears in 2 contracts
Samples: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Telco Communications Group Inc)
Expenditures. The Borrower Borrowers shall reimburse Administrative Agent and each Lender for any reasonable sums spent by it in connection with the exercise of any Right under Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect), plus 2.00% per annum and (b) the Highest Lawful Rate, from five days after the date any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the BorrowerBorrowers.
Appears in 2 contracts
Samples: Credit Agreement (Pacific Gateway Exchange Inc), 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 under Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect), plus 2.00% per annum and (b) the Highest Lawful Rate, from five 15 days after the date any Lender 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
Samples: Credit Agreement (Qwest Communications International Inc), 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 under Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect), plus 2.00% per annum and (b) the Highest Lawful Rate, from five 15 days after the date any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.
Appears in 1 contract
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 under Section 9.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (as is defined in the Prepetition Credit Agreement) (whether or not in effect), plus 2.003.00% per annum and (b) the Highest Lawful Rate, from five days after the date any Lender makes demand to the Borrower for reimbursement of such amount until the date of repayment by the Borrower.
Appears in 1 contract
Samples: 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 under Section 9.05 8.05 hereof. Such sums shall bear interest at the lesser of (a) the Base Rate (whether or not in effect), plus 2.00% per annum and (b) the Highest Lawful Rate, from five 15 days after the date any Lender 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
Samples: Credit Agreement (Qwest Communications International Inc)