Reimbursement of Bank Sample Clauses

Reimbursement of Bank. The Borrower hereby agrees, upon request, to reimburse the Bank for all of the reasonable out-of-pocket expenses, including counsel fees, incurred by the Bank in connection with the preparation and execution of the Loan Documents.
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Reimbursement of Bank. The Borrower will pay or will reimburse the Bank for payment of all governmental charges, taxes, or penalties imposed on the Collateral or the Loan Documents.
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Reimbursement of Bank. Except where a different treatment is expressly provided in this Agreement, CCC hereby agrees to indemnify and reimburse Bank for and against any and all costs, whether incurred prior to or after the expiration or earlier termination of this Agreement, of the following nature incurred by Bank under the Merchant Program on and after the Effective Date: i. Charges imposed on Bank by third parties relating to processing Transactions, including, without limitation, interchange fees; application fees; Chargeback fees; ACH reject fees; ISO/MCP registration fees; Association fines, assessments and charges; high risk registration fees; and similar third-party charges. ii. Legal expenses and/or liabilities incurred by Bank resulting from any action or inaction of CCC, or of an agent or marketing representative of CCC, or a Merchant, including, without limitation, damages, legal settlements, court costs and reasonable attorneys' fees (including allocated costs of internal counsel). iii. Costs incurred by Bank for any activity undertaken for the direct benefit, and with the prior approval, of CCC, including, without limitation, reimbursement of charges for classes providing education to CCC employees or representatives. It is expressly understood and agreed that CCC will not be liable for any of Bank's internal costs relating to the Merchant Program, including, without limitation, Bank's costs for labor and benefits, and Bank's ordinary business operating costs (e.g., rent, utilities, etc.). The responsibility for and/or allocation of any cost incurred by Bank which does not fall within a category set forth in this Subsection 8.5.c shall be negotiated at the time so incurred and Bank and CCC hereby agree to reasonably enter into and conclude any such negotiation promptly.
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Reimbursement of Bank. A. If the Bank determines at any time that any Disbursements made by it on the Project were for costs or expenses that were not Eligible Costs, were based on the services, or materials that do not meet the design and construction specifications and standards of SCDOT and that have not been corrected to meet those specifications and standards, the Bank, at its option, may require the County and/or SCDOT to reimburse the Bank for all such costs and expenses and the County and/or SCDOT shall make such reimbursements to the Bank. In the event that the County does not pay the full amount of the reimbursement to the Bank within ninety (90) days of the date of the notification to the County by the Bank that such reimbursement is due the Bank, Greenville County’s obligation to reimburse the Bank shall be subject to the provisions of S.C. Code Xxx. § 00-00-000 and Section 8.2 of this Agreement. In lieu of requiring the payment of such reimbursement(s) by the County or SCDOT, the Bank may in its discretion reduce the amount of the grant by the amount of the reimbursement due the Bank under this Section. This Section 4.3 shall survive the termination of this Agreement. B. If the Bank Board determines that (i) the County or SCDOT has abandoned the Project, or any component thereof, at any time, (ii) the County or SCDOT has failed to commence and pursue completion of the Project, including all components, with due diligence after having received one written warning notice from the Bank of such failure by the County or SCDOT no less than sixty (60) days prior to the notification for reimbursement and the County or SCDOT thereafter fails to commence construction by December 31, 2022, and maintain pursuit of completion of the Project, including all components, with due diligence during that sixty (60) day period, or (iii) the County or SCDOT fails to commence construction of the Project by December 31, 2022 or complete the Project, including all components, by December 31, 2025, the County shall reimburse the Bank fully for all Disbursements within ninety (90) days of the date of the notification to the County by the Bank that such reimbursement is due the Bank and stating the reason(s) for such reimbursement. Further, in that event, all Disbursements for the Project shall cease, and the Bank shall have no further obligations to the County or SCDOT under this Agreement. If the County fails to make such reimbursements in full to the Bank within that ninety (90) day period,...
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Reimbursement of Bank. Except where a different treatment is expressly provided in this Agreement, iPayment hereby agrees to indemnify and reimburse Bank for and against any and all costs, whether incurred during or after the expiration or earlier termination of this Agreement, of whatever nature incurred by Bank and which are directly related to the Merchant Program, including but not limited to the following: (i) Charges imposed on Bank by third parties relating to processing Transactions, including, without limitation, Interchange Fees; application fees; Merchant Chargeback fees; ACH fees; ISO/MSP registration fees; Association fines, assessments and charges; high risk registration fees; and similar third-party charges. (ii) Legal expenses and/or liabilities incurred by Bank resulting from any action or inaction of iPayment, or of an agent or marketing representative of iPayment, or of a Merchant, including, without limitation, damages, legal settlements, court costs and reasonable attorneys' fees (including allocated costs of internal counsel) and costs on appeal. It is understood and agreed between the parties that iPayment may, at its sole option, elect to initially undertake the defense, pursuant to iPayment's indemnity under subsection (a) of this Section 9.5, of any action or proceeding which names Bank as a party; provided, however, that Bank reserves the right, at its sole option, at all times to engage legal counsel to monitor any such defense and, if at any time Bank reasonably deems it necessary or advisable to take over such defense on its own behalf, to proceed with such defense as to Bank's own interest therein in any such action or proceeding using legal counsel of Bank's choice, and in either of such events, the liabilities and/or reasonable legal expenses of Bank incurred therein shall be reimbursed by iPayment as set forth in this subparagraph. (iii) Costs reasonably incurred by Bank for any activity undertaken for the direct benefit, and with the prior approval, of iPayment including, without limitation, reimbursement of charges for classes providing education to iPayment employees or representatives. (iv) Costs reasonably incurred by Bank for travel to any facility of iPayment, or of an agent or subcontractor of iPayment, for any reason which Bank, in its reasonable discretion, deems to be necessary or proper. (v) Bank's reasonable internal costs relating to the Merchant Program and/or this Agreement, including, without limitation, Bank's costs for labor a...
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Reimbursement of Bank. If the Bank determines at any time that any Disbursements or expenditures from the Grant, Loan, or other sources of the Bank were made by it on the Projects were for costs or expenses that were not Eligible Costs, were based on misstatements of fact by the Project Sponsors or third parties engaged by the Project Sponsors, were for the collection or recovery of payments owed to the Bank on the Loan, or were for work, services, or materials that do not meet the design and construction specifications and standards of SCDOT and that have not been corrected to meet those specifications and standards, unless such work, services or materials were procured by SCDOT, the Bank, at its option, may require the Project Sponsors to reimburse the Bank for all such costs and expenses and the Project Sponsors shall make such reimbursements to the Bank. In the event that the Project Sponsors do not pay the full amount of the reimbursement to the Bank within ninety (90) days of the date of the notification to the Project Sponsors by the Bank that such reimbursement is due the Bank, the Project Sponsors’ obligation to reimburse the Bank shall be subject to the provisions of S.C. Code Xxx. § 00-00-000 and Section 8.2 of this Agreement. In lieu of requiring the payment of such reimbursement(s) by the Project Sponsors, the Bank may in its discretion reduce the amount of the Grant described in Section 3.1 of this Agreement by the amount of the reimbursement due the Bank under this Section 4.3.A. The Project Sponsors are each jointly and severally liable to the Bank for the obligations set forth in this Section 4.3.A. Notwithstanding the foregoing, the Bank acknowledges that the Project Sponsors and the Owner may negotiate among themselves regarding an alternative basis for the sharing of this obligation between them in the Participation Agreement, the Development Agreement, or both such documents, but this shall not affect the Project Sponsors’ obligations to the Bank. This Section 4.3 shall survive the termination of this Agreement.
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Reimbursement of Bank. Borrower hereby agrees to pay all costs and fees relating to the Loan, including without limitation, appraisal and appraisal review fees, the costs of the environmental site assessment, premiums for title insurance, charges and update fees, survey costs, all costs and expenses of the Bank’s inspecting engineer (whether incurred prior to or during construction), recording fees, and all other lending fees. Borrower hereby further agrees to reimburse the Bank for its out-of-pocket expenses, including counsel fees, incurred by the Bank in connection with the development, preparation, execution and enforcement of this Agreement and all the other Loan Documents, including all counsel fees in connection with any bankruptcy or insolvency proceeding involving Borrower, this Agreement or any of the other Loan Documents. All such expenses and counsel fees incurred prior to the date of this Agreement shall be paid simultaneously with the execution of this Agreement, and all such expenses hereafter incurred shall be paid within ten (10) days after notice by the Bank, all of which the Bank is authorized to advance from the Loan.
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Related to Reimbursement of Bank

  • Reimbursement of General Partner (a) Except as provided in this Section 6.5 and elsewhere in this Agreement (including the provisions of Articles 5 and 6 regarding distributions, payments, and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership. (b) The General Partner shall be reimbursed on a monthly basis, or such other basis as the General Partner may determine in its sole and absolute discretion, for all Administrative Expenses incurred by the General Partner.

  • Reimbursement of Business Expenses The Executive is authorized to incur reasonable expenses in carrying out the Executive’s duties for the Company under this Agreement and shall be entitled to reimbursement for all reasonable business expenses the Executive incurs during the Period of Employment in connection with carrying out the Executive’s duties for the Company, subject to the Company’s expense reimbursement policies and any pre-approval policies in effect from time to time.

  • Reimbursement of VAT Where under this contract one party is to reimburse or indemnify the other in respect of any payment made or cost incurred by the other, the first party shall also reimburse any VAT paid by the other which forms part of its payment made or cost incurred to the extent such VAT is not available for credit for the other party (or for any person with whom the indemnified party is treated as a member of a group for VAT purposes) under sections 25 and 26 of the Value Added Tax Xxx 0000.

  • Reimbursement Premium (a) If the Company writes Covered Policies before June 1 of the Contract Year, the Company shall pay the FHCF its Reimbursement Premium in installments due on or before August 1, October 1, and December 1 of the Contract Year in amounts to be determined by the FHCF. However, if the Company’s Reimbursement Premium for the prior Contract Year was less than $5,000, the Company’s full provisional Reimbursement Premium, in an amount equal to the Reimbursement Premium paid in the prior year, shall be due in full on or before August 1 of the Contract Year. the Company will be invoiced for amounts due, if any, beyond the provisional Reimbursement Premium payment, on or before December 1 of the Contract Year. (b) If the Company is under administrative supervision, or if any control or oversight of the Company has been transferred through any legal or regulatory action to a state regulator or court appointed receiver or rehabilitator (referred to in the aggregate as “state action”): 1. The full annual provisional Reimbursement Premium as billed and any outstanding balances will be due and payable on August 1, or the date that such State action occurs after August 1 of the Contract Year. 2. Failure by such Company to pay the full annual provisional Reimbursement Premium as specified in subparagraph 1. by the applicable due date shall result in the 45% Coverage Level being deemed for the complete Contract Year regardless of the level selected for the Company through the execution of this Contract and regardless of whether a Covered Event occurred or triggered coverage. 3. Subparagraphs 1. and 2. do not apply if the state regulator, receiver, or rehabilitator provides a letter of assurance to the FHCF stating that the Company will have the resources and will pay the full Reimbursement Premium for the Coverage Level selected through the execution of this Contract. 4. When control or oversight has been transferred, in whole or in part, through a legal or regulatory action, the controlling management of the Company shall specify by August 1 or as soon thereafter as possible (but not to exceed two weeks after any regulatory or legal action) in a letter to the FHCF as to the Company’s intentions to either pay the full FHCF Reimbursement Premium as specified in subparagraph 1., to default to the 45% Coverage Level being deemed as specified in subparagraph 2., or to provide the assurances as specified in subparagraph 3. (c) A New Participant that first begins writing Covered Policies on or after June 1 but prior to December 1 of the Contract Year shall pay the FHCF a provisional Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. The Administrator shall calculate the Company's actual Reimbursement Premium for the period based on its actual exposure as of November 30 of the Contract Year, as reported on or before February 1 of the Contract Year. To recognize that New Participants have limited exposure during this period, the actual Reimbursement Premium as determined by processing the Company's exposure data shall then be divided in half, the provisional Reimbursement Premium shall be credited, and the resulting amount shall be the total Reimbursement Premium due for the Company for the remainder of the Contract Year. However, if that amount is less than $1,000, then the Company shall pay $1,000. The Reimbursement Premium payment is due no later than April 1 of the Contract Year. The Company’s Retention and coverage will be determined based on the total Reimbursement Premium due as calculated above. (d) A New Participant that first begins writing Covered Policies on or after December 1 through and including May 31 of the Contract Year shall pay the FHCF a Reimbursement Premium of $1,000 no later than 30 days from the date the New Participant began writing Covered Policies. (e) The requirement that the Reimbursement Premium is due on a certain date means that the Reimbursement Premium shall be remitted by wire transfer or ACH and shall have been credited to the FHCF’s account, as set out on the invoice sent to the Company, on the due date applicable to the particular installment. (f) Except as required by Section 215.555(7)(c), Florida Statutes, or as described in the following sentence, Reimbursement Premiums, together with earnings thereon, received in a given Contract Year will be used only to pay for Losses attributable to Covered Events occurring in that Contract Year or for Losses attributable to Covered Events in subsequent Contract Years and will not be used to pay for past Losses or for debt service on post-event revenue bonds issued pursuant to Section 215.555(6)(a)1., Florida Statutes. Reimbursement Premiums and earnings thereon may be used for payments relating to such revenue bonds in the event emergency assessments are insufficient. If Reimbursement Premiums or earnings thereon are used for debt service on post- event revenue bonds, then the amount of the Reimbursement Premiums or earnings thereon so used shall be returned, without interest, to the Fund when emergency assessments or other legally available funds remain available after making payment relating to the post-event revenue bonds and any other purposes for which emergency assessments were levied.

  • Reimbursement of Legal Expenses The Company shall promptly reimburse Executive for all reasonable legal fees incurred by Executive in connection with the preparation, negotiation and execution of this Agreement and ancillary documents.

  • Reimbursement of Eligible Costs To be eligible for reimbursement, the Engineer's costs must (1) be incurred in accordance with the terms of a valid work authorization; (2) be in accordance with Attachment E, Fee Schedule; and (3) comply with cost principles set forth at 48 CFR Part 31, Federal Acquisition Regulation (FAR 31). Satisfactory progress of work shall be maintained as a condition of payment.

  • Reimbursement Agreement The Sponsor entered into an Expense Reimbursement Agreement (“Reimbursement Agreement”) substantially in the form annexed as an exhibit to the Registration Statement pursuant to which the Sponsor has committed to fund the Company up to $1,750,000 for the Company’s expenses relating to investigating and selecting a target business and other working capital requirements prior to an initial Business Combination.

  • Reimbursement of Legal Fees Subject to subsection (b), in the event of the Executive’s Separation from Service either (1) prior to a Change in Control, or (2) on or within two (2) years following a Change in Control, the Company shall reimburse the Executive for all legal fees and expenses (including but not limited to fees and expenses in connection with any arbitration) incurred by the Executive in disputing any issue arising under this Agreement relating to the Executive’s Separation from Service or in seeking to obtain or enforce any benefit or right provided by this Agreement.

  • Reimbursement of Costs City may reimburse Consultant’s out-of-pocket costs incurred by Consultant in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred by Consultant in the performance of the Required Services.

  • Right of Reimbursement Each Revolving Credit Lender agrees to reimburse the Issuing Lender on demand, pro rata in accordance with its respective Revolving Credit Percentage, for (i) the reasonable out-of-pocket costs and expenses of the Issuing Lender to be reimbursed by the Borrower pursuant to any Letter of Credit Agreement or any Letter of Credit, to the extent not reimbursed by the Borrower or any other Credit Party and (ii) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, fees, reasonable out-of-pocket expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against Issuing Lender in any way relating to or arising out of this Agreement (including Section 3.6(c) hereof), any Letter of Credit, any documentation or any transaction relating thereto, or any Letter of Credit Agreement, to the extent not reimbursed by the Borrower, except to the extent that such liabilities, losses, costs or expenses were incurred by Issuing Lender as a result of Issuing Lender’s gross negligence or willful misconduct or by the Issuing Lender’s wrongful dishonor of any Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or other demand for payment and other documentation strictly complying with the terms and conditions of such Letter of Credit.

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