Common use of Interest After Event of Default Clause in Contracts

Interest After Event of Default. Borrowers agree and acknowledge that any additional interest and fees that may be charged under Section 4.2 are (a) an inducement to the Lenders to make Loans and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 4 contracts

Samples: Credit Agreement (Adit EdTech Acquisition Corp.), Credit Agreement (Adit EdTech Acquisition Corp.), Credit Agreement (Adit EdTech Acquisition Corp.)

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Interest After Event of Default. Borrowers agree The Borrower agrees and acknowledge acknowledges that any the additional interest and fees that may be charged under Section 4.2 are (a) are an inducement to the Agent and the Lenders to make Loans Advances and that the Agent and the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) are fair and reasonable estimates of the Agent's and the Lenders’ and Agent’s ' costs of administering the credit facility upon an Event of Default, and (c) are intended to estimate the Agent's and the Lenders’ and Agent’s ' increased risks upon an Event of Default.

Appears in 2 contracts

Samples: Loan and Security Agreement (American Railcar Industries, Inc./De), Loan and Security Agreement (American Railcar Industries, Inc./De)

Interest After Event of Default. Borrowers agree Borrower agrees and acknowledge acknowledges that any the additional interest and fees that may be charged under Section 4.2 are (a) an inducement to the Lenders to make Loans Advances hereunder and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.. 10.10

Appears in 1 contract

Samples: Term Loan Credit Agreement (Team Inc)

Interest After Event of Default. Borrowers agree Bxxxxxxx agrees and acknowledge acknowledges that any the additional interest and fees that may be charged under Section 4.2 are (a) an inducement to the Lenders to make Loans Advances and that the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) fair and reasonable estimates of the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and (c) intended to estimate the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (GAN LTD)

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Interest After Event of Default. Borrowers agree The Borrower agrees and acknowledge acknowledges that any the additional interest and fees that may be charged under Section 4.2 are (a) are an inducement to the Agent and the Lenders to make Loans Advances and that the Agent and the Lenders and Agent would not consummate the transactions contemplated by this Agreement without the inclusion of such provisions, (b) are fair and reasonable estimates of the Agent’s and the Lenders’ and Agent’s costs of administering the credit facility upon an Event of Default, and (c) are intended to estimate the Agent’s and the Lenders’ and Agent’s increased risks upon an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (American Railcar Industries, Inc.)

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