Common use of EXPENDITURES BY LENDER Clause in Contracts

EXPENDITURES BY LENDER. All court costs, reasonable attorneys’ fees, other costs of collection, and other sums spent by Lender pursuant to the exercise of any Right provided herein shall be payable to Lender on demand, shall become part of the Obligations, and shall bear interest at a rate per annum two percent (2%) above the Prime Rate on each such amount commencing on the date notice of such claims, judgments, costs, charges or attorneys’ fees is given to Borrower by Lender until the date paid by Borrower.

Appears in 5 contracts

Samples: Loan Agreement (Natural Gas Services Group Inc), Modification Agreement (Natural Gas Services Group Inc), Loan Agreement (Natural Gas Services Group Inc)

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EXPENDITURES BY LENDER. All court costs, reasonable attorneys' fees, other costs of collection, and other sums spent by Lender pursuant to the exercise of any Right provided herein shall be payable to Lender on demand, shall become part of the Obligations, and shall bear interest at a rate per annum two percent (2%) % above the Prime Rate on each such amount commencing on the date notice of such claims, judgments, costs, charges or attorneys' fees is given to Borrower by Lender until the date paid by Borrower.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Natural Gas Services Group Inc), Loan Agreement (Natural Gas Services Group Inc)

EXPENDITURES BY LENDER. All court costs, reasonable attorneys' fees, other costs of collection, and other sums spent by Lender pursuant to the exercise of any Right provided herein shall be payable to Lender on demand, shall become part of the Obligations, and shall bear interest at a rate per annum two percent (2%) above the Prime Rate on each such amount commencing on the date notice of such claims, judgments, costs, charges or attorneys' fees is given to Borrower by Lender until the date paid by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Natural Gas Services Group Inc)

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EXPENDITURES BY LENDER. All court costs, reasonable attorneys' fees, other costs of collection, and other sums spent by Lender pursuant to the exercise of any Right provided herein shall be payable to Lender on demand, shall become part of the ObligationsObligation, and shall bear interest at a rate the Default Rate per annum two percent (2%) above the Prime Rate on each such amount commencing on the date notice of such claims, judgments, costs, charges or attorneys' fees is given to Borrower by Lender until the date paid by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Synergy Resources Corp)

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