Obligations Secured by Collateral. Any amount paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amount paid by the Collateral Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Prime Rate plus two percent (2%) shall constitute Obligations secured by the Collateral.
Appears in 2 contracts
Samples: Stock Pledge and Security Agreement (Panda Interfunding Corp), Stock Pledge and Security Agreement (Panda Interfunding Corp)
Obligations Secured by Collateral. Any amount paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amount paid by the Collateral Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Prime Rate plus two percent (2%) ), shall constitute Obligations secured by the Collateral.
Appears in 2 contracts
Samples: General Partner Pledge and Security Agreement (Panda Interfunding Corp), Partner Pledge and Security Agreement (Panda Interfunding Corp)
Obligations Secured by Collateral. Any amount amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amount amounts paid by the Collateral Security Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Prime Rate plus two percent (2%) Overdue Rate, shall constitute Obligations secured by the Collateral.
Appears in 2 contracts
Samples: Security Agreement (Panda Interfunding Corp), Steam Lessee Security Agreement (Panda Interfunding Corp)
Obligations Secured by Collateral. Any amount amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amount amounts paid by the Collateral Security Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Prime Overdue Rate plus two percent (2%) shall constitute Obligations secured by the Collateral. Section 22.
Appears in 2 contracts
Samples: Partner Pledge Agreement (Panda Interfunding Corp), Stock Pledge Agreement (Panda Interfunding Corp)
Obligations Secured by Collateral. Any amount amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amount amounts paid by the Collateral Security Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Prime Overdue Rate plus two percent (2%) shall constitute Obligations secured by the Collateral.
Appears in 1 contract
Samples: General Partner Pledge Agreement (Panda Interfunding Corp)
