Common use of Administrative Agent’s Reimbursement Clause in Contracts

Administrative Agent’s Reimbursement. Each of the Banks severally agrees to reimburse the Administrative Agent, in the amount of such Bank's Percentage Interest, for any reasonable expenses not reimbursed by the Borrowers (without limiting the obligation of the Borrowers to make such reimbursement): (a) for which the Administrative Agent are entitled to reimbursement by the Borrowers under this Agreement or any other Loan Document, and (b) after the occurrence of a Default, for any other reasonable expenses incurred by the Administrative Agent on the Banks' behalf in connection with the enforcement of the Banks' rights under this Agreement or any other Loan Document.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Equity Compression Services Corp), Credit and Term Loan Agreement (Middle Bay Oil Co Inc)

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Administrative Agent’s Reimbursement. Each of the Banks Lenders severally agrees to reimburse the Administrative Agent, pro rata in the amount of accordance with such Bank's Lender’s Percentage Interest, for any reasonable expenses not reimbursed by the Borrowers Company or the Guarantors (without limiting the obligation of the Borrowers Company or the Guarantors to make such reimbursement): ) (a) for which the Administrative Agent are is entitled to reimbursement by the Borrowers Company or the Guarantors under this Agreement or any other Loan Credit Document, and (b) after the occurrence of a Default, for any other reasonable expenses incurred by the Administrative Agent on the Banks' Lenders’ behalf in connection with the enforcement of the Banks' Lenders’ rights under this Agreement or any other Loan Credit Document.

Appears in 2 contracts

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

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Administrative Agent’s Reimbursement. Each of the Banks severally agrees to reimburse the Administrative Agent, in the amount of such Bank's ’s Percentage Interest, for any reasonable expenses not reimbursed by the Borrowers Borrower (without limiting the obligation of the Borrowers Borrower to make such reimbursement): (a) for which the Administrative Agent are is entitled to reimbursement by the Borrowers Borrower under this Agreement or any other Loan Document, and (b) after the occurrence of a Default, for any other reasonable expenses incurred by the Administrative Agent on the Banks' behalf in connection with the enforcement of the Banks' rights under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Energy Transfer Partners, L.P.)

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