Common use of Reimbursement for Capital Expenses Clause in Contracts

Reimbursement for Capital Expenses. Upon the demand of Capital, Borrower shall immediately reimburse Capital for all sums expended by Capital which constitute Capital Expenses, and Borrower hereby authorizes and approves all advances and payments by Capital for items constituting Capital Expenses.

Appears in 3 contracts

Samples: Loan and Security Agreement (Swisher International Inc), Loan and Security Agreement (Stratus Services Group Inc), Loan and Security Agreement (Enetpc Inc)

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Reimbursement for Capital Expenses. Upon the demand of Capital, Borrower shall immediately reimburse Capital for all sums reasonably incurred and expended by Capital which constitute Capital Expenses, and Borrower hereby authorizes and approves all advances and payments by Capital for items constituting such Capital Expenses.

Appears in 2 contracts

Samples: Loan and Security Agreement (Celtic Investment Inc), Loan and Security Agreement (Celtic Investment Inc)

Reimbursement for Capital Expenses. Upon the demand of Capital, Borrower shall immediately reimburse Capital for all reasonable sums expended by Capital which constitute Capital Expenses, and Borrower hereby authorizes and approves all advances and reasonable payments by Capital for items constituting Capital Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (First Choice Healthcare Solutions, Inc.)

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Reimbursement for Capital Expenses. Upon the demand presentation by Capital to Borrower of a copy of an invoice or any other statement reflecting Capital Expenses incurred by Capital, Borrower shall immediately reimburse Capital for all sums expended by Capital which constitute Capital Expensessuch sums, and Borrower hereby authorizes and approves all advances and payments by Capital for items constituting Capital Expenses.

Appears in 1 contract

Samples: Loan and Security Agreement (United Golf Products Inc)

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