Common use of Sharing of Costs and Expenses Clause in Contracts

Sharing of Costs and Expenses. To the extent not paid by Borrower, each Syndication Party will promptly upon demand reimburse the Administrative Agent for its proportionate share (based on the ratio of (a) its unfunded Individual Commitment plus its outstanding Loans to (b) the unfunded Commitments plus the aggregate outstanding principal amount of the Loans), for all reasonable costs, disbursements, and expenses incurred by the Administrative Agent on or after the date of this Credit Agreement for legal, accounting, consulting, and other services rendered to the Administrative Agent in its role as the Administrative Agent in the administration of the Loans, interpreting the Loan Documents, and protecting, enforcing, or otherwise exercising any rights, both before and after default by Borrower under the Loan Documents, and including, without limitation, all costs and expenses incurred in connection with any bankruptcy proceedings and the exercise of any remedies.

Appears in 2 contracts

Samples: Credit Agreement (CHS Inc), Credit Agreement (CHS Inc)

AutoNDA by SimpleDocs

Sharing of Costs and Expenses. To the extent not paid by BorrowerXxxxxxxx, each Syndication Party Lender will promptly upon demand reimburse the Administrative Agent for its proportionate share (based on the ratio of (a) its unfunded Individual Commitment plus its outstanding Loans to (b) the unfunded Commitments plus the aggregate outstanding principal amount of the Loans), for all reasonable costs, disbursements, and expenses incurred by the Administrative Agent on or after the date of this Credit Agreement for legal, accounting, consulting, and other services rendered to the Administrative Agent in its role as the Administrative Agent in the administration of the Loans, interpreting the Loan Documents, and protecting, enforcing, or otherwise exercising any rights, both before and after default by Borrower under the Loan Documents, and including, without limitation, all costs and expenses incurred in connection with any bankruptcy proceedings and the exercise of any remedies.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

AutoNDA by SimpleDocs

Sharing of Costs and Expenses. To the extent not paid by Borrower, each Syndication Party Lender will promptly upon demand reimburse the Administrative Agent for its proportionate share (based on the ratio of (a) its unfunded Individual Commitment plus its outstanding Loans to (b) the unfunded Commitments plus the aggregate outstanding principal amount of the Loans), for all reasonable costs, disbursements, and expenses incurred by the Administrative Agent on or after the date of this Credit Agreement for legal, accounting, consulting, and other services rendered to the Administrative Agent in its role as the Administrative Agent in the administration of the Loans, interpreting the Loan Documents, and protecting, enforcing, or otherwise exercising any rights, both before and after default by Borrower under the Loan Documents, and including, without limitation, all costs and expenses incurred in connection with any bankruptcy proceedings and the exercise of any remedies.

Appears in 1 contract

Samples: Credit Agreement (CHS Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!