Past Due Obligations. The Borrower hereby promises to each Lender to pay interest at the Default Rate on all Obligations (including Obligations to pay fees or to reimburse or indemnify any Lender) which the Borrower has in this Agreement promised to pay to such Lender and which are not paid when due. Such interest shall accrue from the date such Obligations become due until they are paid.
Appears in 21 contracts
Samples: Credit Agreement (NuStar Energy L.P.), Credit Agreement (Energy Transfer LP), Credit Agreement (Sunoco LP)
Past Due Obligations. The Borrower hereby promises to pay to each Lender to pay interest at the Default Rate on all Obligations (including Obligations to pay fees or to reimburse or indemnify any Lender) which that the Borrower has in this Agreement promised to pay to such Lender and which that are not paid when due. Such interest shall accrue from the date such Obligations become due until they are paid.
Appears in 12 contracts
Samples: Credit Agreement (Energy Transfer Equity, L.P.), Senior Secured Term Loan Agreement (Energy Transfer Equity, L.P.), Senior Secured Term Loan Agreement (Sunoco LP)
Past Due Obligations. (h) The Borrower hereby promises to each Lender to pay interest at the Default Rate on all Obligations (including Obligations to pay fees or to reimburse or indemnify any Lender) which the Borrower has in this Agreement promised to pay to such Lender and which are not paid when due. Such interest shall accrue from the date such Obligations become due until they are paid.
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