Performance on Borrower's Behalf. If any Credit Party fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Credit Document, the Administrative Agent may pay the same after notice of such payment by the Administrative Agent is given to the Borrower Representative. 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 that is due and payable on the date such amount is paid by the Administrative Agent.
Appears in 1 contract
Samples: Reimbursement, Loan and Security Agreement (Eott Energy Partners Lp)
Performance on Borrower's Behalf. If any Credit Loan Party or any of its respective Subsidiaries fails to pay any taxes, insurance premiums, expenses, attorneys' ’ fees or other amounts it is required to pay under any Credit Loan Document, the Administrative Agent may pay the same after notice of such payment by the Administrative Agent is given to the Borrower Representativesame. Borrower Borrowers shall immediately reimburse the Administrative Agent for any such payments and each amount paid by the Administrative Agent shall constitute an Obligation owed hereunder that which is due and payable on the date such amount is paid by the within five days of Administrative Agent’s notice thereof to Borrowers.
Appears in 1 contract
Performance on Borrower's Behalf. If any Credit Loan Party fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Credit Loan Document, the Administrative Agent may pay the same after notice of such payment by the Administrative Agent is given to the Borrower RepresentativeBorrower. 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 that which is due and payable on the date such amount is paid by the Administrative Agent.
Appears in 1 contract
Samples: Credit Agreement (Genesis Energy Lp)
Performance on Borrower's Behalf. If any Credit Loan Party fails to pay any taxes, insurance premiums, expenses, attorneys' ’ fees or other amounts it is required to pay under any Credit DocumentLoan Document during any period in which a Default exists, the Administrative Agent may pay the same after notice of such payment by the Administrative Agent is given to the Borrower Representativesame. 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 that which is due and payable on the date such amount is paid by the Administrative Agent.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Questar Market Resources Inc)