Common use of To Pay Costs Clause in Contracts

To Pay Costs. The Borrowers shall pay all reasonable costs, charges and expenses of or incurred by any Lender in inspecting the Secured Property or in or about taking, recovering or keeping possession of any of the Secured Property or in any other proceedings taken in enforcing the remedies provided herein or otherwise in relation to this Agreement or the Secured Property, or by reason of non-payment of the moneys hereby secured, costs of any sale proceedings hereunder, whether such sale proceedings prove abortive or not, and costs of any Receiver with respect to, and all expenditures made by any Lender or any Receiver in the course of, doing anything hereby permitted to be done by any Lender or such Receiver. All such costs and expenses and other monies payable hereunder, together with interest at the Maximum Legal Rate applicable to such Obligations, shall be payable on demand and shall constitute a charge on the Secured Property. Without limiting the generality of the foregoing, such reasonable costs shall extend to and include any legal costs incurred by or on behalf of each Lender or the Receiver as between attorney and his own client.

Appears in 2 contracts

Samples: Purchase Agreement (Xplore Technologies Corp), Purchase Agreement (Xplore Technologies Corp)

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To Pay Costs. The Borrowers Corporation shall pay all reasonable costs, charges and expenses of or incurred by any each Lender in inspecting the Secured Property or in or about taking, recovering or keeping possession of any of the Secured Property or in any other proceedings taken in enforcing the remedies provided herein or otherwise in relation to this Agreement or the Secured Property, or by reason of non-payment of the moneys hereby secured, costs of any sale proceedings hereunder, whether such sale proceedings prove abortive or not, and costs of any Receiver with respect to, and all expenditures made by any each Lender or any Receiver in the course of, doing anything hereby permitted to be done by any each Lender or such Receiver. All such costs and expenses and other monies payable hereunder, together with interest at the Maximum Legal Rate highest rate applicable to such any Obligations, shall be payable on demand and shall constitute a charge on the Secured Property. Without limiting the generality of the foregoing, such reasonable costs shall extend to and include any legal costs incurred by or on behalf of each Lender or the Receiver as between attorney and his own client.

Appears in 1 contract

Samples: 2004 Debenture Purchase Agreement (Xplore Technologies Corp)

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To Pay Costs. The Borrowers It shall pay all reasonable costs, charges and expenses of or incurred by any the Lender (a) in inspecting the Secured Property or in or about taking, recovering or keeping possession of any of ​ LEGAL*52823942.10 ​ the Secured Property or in any other proceedings taken in enforcing the remedies provided herein or otherwise in relation to this Agreement Debenture or the Secured Property, or by reason of non-payment of the moneys hereby securedObligations, (b) the costs of any sale proceedings hereunder, whether such sale proceedings prove abortive or not, and (c) the costs of any Receiver with respect to, and all expenditures made by any the Lender or any Receiver in the course of, doing anything hereby permitted to be done by any the Lender or such Receiver. All such costs and expenses and other monies amounts payable hereunder, together with interest at the Maximum Legal Rate rate applicable to such any Obligations, shall be payable on demand and shall constitute a charge on the Secured Property. Without limiting the generality of the foregoing, such reasonable costs shall extend to and include any reasonable legal costs incurred by or on behalf of each the Lender or the Receiver as between attorney solicitor and his own client.client ​

Appears in 1 contract

Samples: Assure Holdings Corp.

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