Common use of Interest After Event of Default Clause in Contracts

Interest After Event of Default. Borrower agrees and acknowledges that the additional interest and fees that may be charged under Section 4.2 are (a) an inducement to the Lenders to make Advances hereunder and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 6 contracts

Samples: Term Loan Credit Agreement (Team Inc), Term Loan Credit Agreement (Team Inc), Unsecured Term Loan Credit Agreement (Team Inc)

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Interest After Event of Default. Borrower Xxxxxxxx agrees and acknowledges that the additional interest and fees that may be charged under Section 4.2 are (a) an inducement to the Lenders to make Advances hereunder and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Team Inc), Unsecured Term Loan Credit Agreement (Corre Horizon Fund, Lp), Unsecured Term Loan Credit Agreement (Team Inc)

Interest After Event of Default. Borrower agrees Borrowers agree and acknowledges acknowledge that the any additional interest and fees that may be charged under Section 4.2 are are (a) an inducement to the Lenders to make Advances hereunder Loans and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, , (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 4 contracts

Samples: Credit Agreement (Adit EdTech Acquisition Corp.), Credit Agreement (Adit EdTech Acquisition Corp.), Credit Agreement (Adit EdTech Acquisition Corp.)

Interest After Event of Default. The Borrower agrees and acknowledges that the additional interest and fees that may be charged under Section 4.2 are (a) are an inducement to the Agent and the Lenders to make Advances hereunder and that the Agent and the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, , (b) are fair and reasonable estimates of the Agent's and the Lenders’ and Agent’s ' costs of administering the credit facility upon an Event of Default, and and (c) are intended to estimate the Agent's and the Lenders’ and Agent’s ' increased risks upon an Event of Default.

Appears in 2 contracts

Samples: Loan and Security Agreement (American Railcar Industries, Inc./De), Loan and Security Agreement (American Railcar Industries, Inc./De)

Interest After Event of Default. Borrower agrees and acknowledges that the additional interest and fees that may be charged under Section 4.2 are are (a) an inducement to the Lenders to make Advances hereunder and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, , (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Team Inc)

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Interest After Event of Default. The Borrower agrees and acknowledges that the additional interest and fees that may be charged under Section 4.2 are (a) are an inducement to the Agent and the Lenders to make Advances hereunder and that the Agent and the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, , (b) are fair and reasonable estimates of the Agent’s and the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and and (c) are intended to estimate the Agent’s and the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (American Railcar Industries, Inc.)

Interest After Event of Default. Borrower Bxxxxxxx agrees and acknowledges that the additional interest and fees that may be charged under Section 4.2 are are (a) an inducement to the Lenders to make Advances hereunder and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, , (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (GAN LTD)

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