Common use of Provider’s Further Agreements to Pay Clause in Contracts

Provider’s Further Agreements to Pay. Provider further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by Recipient in connection with the Obligations, this Undertaking and the enforcement thereof, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Rate plus 2% per annum, such rate of interest changing when and as the Prime Rate changes.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.)

AutoNDA by SimpleDocs

Provider’s Further Agreements to Pay. Provider further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by Recipient in connection with the Obligations, this Undertaking and the enforcement thereof, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Yield Rate plus 2% per annum, such rate of interest changing when and as the Prime Rate changes.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Schneider National, Inc.), Receivables Purchase Agreement (Borgwarner Inc), Receivables Purchase Agreement (Borgwarner Inc)

Provider’s Further Agreements to Pay. The Provider further agrees, as the principal obligor and not as a guarantor only, to pay to the Recipient (and its assigns), forthwith upon demand in funds immediately available to the Recipient, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by the Recipient in connection with the Obligations, this Undertaking and the enforcement thereof, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Rate plus two percent (2% %) per annum, such rate of interest changing when and as the Prime Rate changes.

Appears in 1 contract

Samples: Assignment Agreement (Pioneer Standard Electronics Inc)

Provider’s Further Agreements to Pay. Provider further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by Recipient in connection with the Obligations, enforcement of the Obligations and this Undertaking and the enforcement thereofUndertaking, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Rate (as defined in the Series Supplement) plus 2% per annum, such rate of interest changing when and as the Prime Rate changes.

Appears in 1 contract

Samples: Nordstrom Inc

Provider’s Further Agreements to Pay. Provider further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by Recipient in connection with the Obligations, enforcement of the Obligations and this Undertaking and the enforcement thereofUndertaking, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Rate plus 2% per annum, such rate of interest changing when and as the Prime Rate changes.

Appears in 1 contract

Samples: Nordstrom Inc

AutoNDA by SimpleDocs

Provider’s Further Agreements to Pay. Provider further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs and expenses (including court costs and legal expenses) incurred or expended by Recipient in connection with the Obligations, this Undertaking and the enforcement thereof, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Base Rate plus 2% per annum, such rate of interest changing when and as the Prime Base Rate changes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Hypercom Corp)

Provider’s Further Agreements to Pay. Provider further agrees, as the principal obligor and not as a guarantor only, to pay to Recipient (and its assigns), forthwith upon demand in funds immediately available to Recipient, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by Recipient in connection with the Obligations, this Undertaking and the enforcement thereof, together with interest on amounts recoverable under this Undertaking from the time when such amounts become due until payment, at a rate of interest (computed for the actual number of days elapsed based on a 360 day year) equal to the Prime Rate plus 2% Yield Ratelesser of (a) LMIR per annum, such annum and (b) the maximum interest rate of interest changing when and as the Prime Rate changespermitted by applicable law.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Commercial Metals Co)

Time is Money Join Law Insider Premium to draft better contracts faster.