Common use of Other Amounts Payable by the Borrower Clause in Contracts

Other Amounts Payable by the Borrower. The Borrower covenants and agrees to pay the following: (a) All reasonable fees, charges and expenses, including agent and counsel fees and expenses, of the Trustee incurred under the Indenture, as and when the same become due to the extent Pledged TIF Revenues are not available. (b) All reasonable costs incident to the payment of the principal of, premium, if any, and interest on the Series 2023B Bonds as the same become due and payable, including all reasonable costs and expenses in connection with the call, redemption and payment of Series 2023B Bonds to the extent Pledged TIF Revenues and the LIT Revenues are not available. (c) An amount sufficient to reimburse the Issuer for all expenses reasonably incurred by the Issuer as of the date of closing on the Bonds. (d) All other payments of whatever nature which the Borrower has agreed to pay or assume under the provisions of this Loan Agreement. Notwithstanding anything in this Section 3.09 to the contrary, the Borrower may, without creating an event of default as herein defined, after making the payments required by this Section 3.09, contest in good faith the necessity for any such services, fees, charges or expenses of the Issuer or the Trustee.

Appears in 1 contract

Sources: Loan Agreement

Other Amounts Payable by the Borrower. The Borrower covenants and agrees to pay the following: (a) All reasonable fees, charges and expenses, including agent and counsel fees and expenses, of the Trustee incurred under the Indenture, as and when the same become due to the extent Pledged TIF Revenues are not availableavailable for such purposes. (b) All reasonable costs incident to the payment of the principal of, premium, if any, and interest on of the Series 2023B Bonds as the same become due and payable, including all reasonable costs and expenses in connection with the call, redemption redemption, and payment of Series 2023B Bonds to the extent Pledged TIF Revenues and the LIT Revenues are not availableavailable for such purposes. (c) An amount sufficient to reimburse the Issuer for all expenses reasonably incurred by the Issuer as of the date of closing on the Bonds. (d) All other payments of whatever nature which the Borrower has agreed to pay or assume under the provisions of this Loan Agreement. Notwithstanding anything in this Section 3.09 3.8 to the contrary, the Borrower may, without creating an event of default as herein defined, after making the payments required by this Section 3.093.8, contest in good faith the necessity for any such services, fees, charges charges, or expenses of the Issuer or the Trustee.

Appears in 1 contract

Sources: Loan Agreement

Other Amounts Payable by the Borrower. The Borrower covenants and agrees to pay the following: (a) All reasonable fees, charges and expenses, including agent and counsel fees and expenses, of the Trustee incurred under the Indenture, as and when the same become due to the extent Pledged TIF Revenues are not available. (b) All reasonable costs incident to the payment of the principal of, premium, if any, and interest on the Series 2023B 2023A Bonds as the same become due and payable, including all reasonable costs and expenses in connection with the call, redemption and payment of Series 2023B 2023A Bonds to the extent Pledged TIF Revenues and the LIT Revenues are not available. (c) An amount sufficient to reimburse the Issuer for all expenses reasonably incurred by the Issuer as of the date of closing on the Bonds. (d) All other payments of whatever nature which the Borrower has agreed to pay or assume under the provisions of this Loan Agreement. Notwithstanding anything in this Section 3.09 to the contrary, the Borrower may, without creating an event of default as herein defined, after making the payments required by this Section 3.09, contest in good faith the necessity for any such services, fees, charges or expenses of the Issuer or the Trustee.

Appears in 1 contract

Sources: Loan Agreement