Common use of Performance on Borrower's Behalf Clause in Contracts

Performance on Borrower's Behalf. If any Restricted Person fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Agent may pay the same. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Agent.

Appears in 13 contracts

Sources: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (United States Exploration Inc), Credit Agreement (North Coast Energy Inc / De/)

Performance on Borrower's Behalf. If any Restricted Person fails to pay any taxes, insurance premiums, expenses, attorneys' ’ fees or other amounts it is required to pay under any Loan Document, Agent may pay the same. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Agent.

Appears in 7 contracts

Sources: Credit Agreement (W&t Offshore Inc), Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc)

Performance on Borrower's Behalf. If any Restricted Person fails to pay any taxesTaxes, insurance premiums, expenses, attorneys' ’ fees or other amounts it is required to pay under any Loan Document, Agent may pay the same. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Agent.

Appears in 2 contracts

Sources: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc)

Performance on Borrower's Behalf. If any Restricted Person fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Agent Agents may pay the samesame after notice of such payment by Administrative Agent is given to Borrower. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent Agents shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by AgentAgents.

Appears in 2 contracts

Sources: Credit Agreement (Genesis Energy Lp), Credit Agreement (Genesis Energy Lp)

Performance on Borrower's Behalf. If any Restricted Person -------------------------------- fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Agent may pay the same. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Agent.

Appears in 2 contracts

Sources: Credit Agreement (Inland Resources Inc), Credit Agreement (Key Production Co Inc)

Performance on Borrower's Behalf. If any Restricted Related Person -------------------------------- fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Agent may pay the same. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Agent.

Appears in 1 contract

Sources: Credit Agreement (Inland Resources Inc)

Performance on Borrower's Behalf. If any Restricted Person fails to pay any taxestaxes (subject to the conditions of Section 3.6), insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Agent may pay the same. Borrower shall immediately reimburse Agent for any such payments and each amount paid by Agent shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Agent.

Appears in 1 contract

Sources: Credit Agreement (Specialty Laboratories)