Common use of Performance on Borrower's Behalf Clause in Contracts

Performance on Borrower's Behalf. If any Loan Party fails to pay any taxes, insurance premiums, expenses, attorneys’ fees or other amounts it is required to pay under any Loan Document, Administrative Agent may pay the same after notice of such payment by Administrative Agent is given to the Borrower. The Borrower shall immediately reimburse Administrative Agent for any such payments and each amount paid by Administrative Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Administrative Agent.

Appears in 5 contracts

Samples: Credit Agreement (SemGroup Energy Partners, L.P.), Credit Agreement (SemGroup Energy Partners, L.P.), Credit Agreement (SemGroup Energy Partners, L.P.)

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Performance on Borrower's Behalf. If any Loan Credit Party fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Credit Document, the Administrative Agent may pay the same after notice of such payment by the Administrative Agent is given to the BorrowerBorrower Representative. The Borrower shall immediately reimburse the Administrative Agent for any such payments and each amount paid by the Administrative Agent shall constitute an Obligation owed hereunder which that is due and payable on the date such amount is paid by the Administrative Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Eott Energy Partners Lp)

Performance on Borrower's Behalf. If any Loan Party fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Administrative Agent may pay the same after notice of such payment by Administrative Agent is given to the Borrower. The Borrower shall immediately reimburse Administrative Agent for any such payments and each amount paid by Administrative Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Genesis Energy Lp)

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Performance on Borrower's Behalf. If any Loan Party fails to pay any taxes, insurance premiums, expenses, attorneys’ fees or other amounts it is required to pay under any Loan DocumentDocument during any period in which a Default exists, Administrative Agent may pay the same after notice of such payment by Administrative Agent is given to the Borrowersame. The Borrower shall immediately reimburse Administrative Agent for any such payments and each amount paid by Administrative Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Administrative Agent.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Questar Market Resources Inc)

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