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.
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.
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:
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.
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:
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.
Reimbursement of Bank. A. 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.
