Collateral Protection Expenses. All expenses of protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral, any and all excise, property, sales, and use taxes imposed by any state, federal, or local authority on any of the Collateral or in respect of the sale thereof shall be borne and paid by Borrower. If Borrower fails to promptly pay any portion thereof when due, Agent may, at its option, but shall not be required to, pay the same and charge Borrower therefor.
Collateral Protection Expenses. All out-of-pocket expenses incurred in protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral, and any and all excise, property, sales, and use taxes imposed by any United States, Canadian or United Kingdom state, provincial, federal, or local authority on any of the Collateral or in respect of the sale thereof shall be borne and paid by Borrowers; provided, that Canadian Borrower shall not be liable for any such expenses incurred with respect to U.S. Borrower or U.K. Borrower and U.K. Borrower shall not be liable for any such expenses incurred with respect to Canadian Borrower. If Borrowers fail to promptly pay any portion thereof when due, Agents may, at their option, but shall not be required to, pay the same and charge the applicable Borrower therefor. Additionally, from time to time Agent, Canadian Agent and/or U.K. Agent may, at U.S. Borrower's, U.K. Borrower's or Canadian Borrower's expense, as applicable, obtain appraisals from appraisers (who may be personnel of an Agent), stating the then current fair market value of all or any portion of the real or personal Property of any Borrower, any of its Subsidiaries or any other Loan Party, including, without limitation, any Inventory of any Borrower, any of its Subsidiaries or any other Loan Party; provided that unless an Event of Default exists and is continuing, Borrowers shall not be required to reimburse Agents for the costs of more than one appraisal of Equipment, real Property and/or Inventory per annum.
Collateral Protection Expenses. In its discretion, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral and pay any necessary filing fees. The Grantors agree to reimburse the Secured Party on demand for any and all expenditures so made. The Secured Party shall have no obligation to the Grantors to make any such expenditures, nor shall the making thereof relieve the Grantors of any default.
Collateral Protection Expenses. Preservation of Collateral 12 9.01. Expenses Incurred by the Purchaser 12 9.02. Purchaser’s Obligations and Duties 12 9.03. Reserved 13 Section 10. Deposits 13 Section 11. Notification to Account Debtors and Other Persons Obligated on Collateral 13 Section 12. Power of Attorney 14 12.01. Appointment and Powers of Purchaser 14 12.02. Failure of Grantor to Perform 15 12.03. Expenses of Attorney-in-Fact 15 12.04. Ratification by Grantor 15 12.05. No Duty on Purchaser 15 Section 13. Remedies 15 13.01. Default 15
Collateral Protection Expenses. All out-of-pocket expenses incurred in protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral, any and all excise, property, sales, and use taxes imposed by any state, federal, or local authority on any of the Collateral or in respect of the sale thereof shall be borne and paid by Borrowers. If Borrowers fail to promptly pay any portion thereof when due, Agent may, at its option, but shall not be required to, pay the same and charge Borrowers therefor.
Collateral Protection Expenses. All out-of-pocket expenses incurred in protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral, and any and all excise, property, sales, and use taxes imposed by any United States, Canadian or United Kingdom state, provincial, federal, or local authority on any of the Collateral or in respect of the sale thereof shall be borne and paid by Borrowers; provided, that U.K. Borrower and Canadian Borrower shall not be liable for any such expenses incurred with respect to U.S. Borrower. If Borrowers fail to promptly pay any portion thereof when due, Agents may, at their option, but shall not be required to, pay the same and charge the applicable Borrower therefor. Additionally, from time to time Agent, Canadian Agent and/or U.K. Agent may, at U.S. Borrower's, U.K. Borrower's or Canadian Borrower's expense, as applicable, obtain appraisals from appraisers (who may be personnel of an Agent), stating the then current fair market value of all or any portion of the real or personal Property of any Borrower, any of its Subsidiaries or any other Loan Party, including, without limitation, any Inventory of any Borrower, any of its Subsidiaries or any other Loan Party; provided that unless an Event of Default exists and is continuing, Borrowers shall not be required to reimburse Agents for the costs of more than one appraisal of Equipment, real Property and/or Inventory per annum.
Collateral Protection Expenses. All expenses incurred in protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral, and any and all stamp duty, excise, property, sales, and use Taxes imposed by any state, federal, or local authority on any of the Collateral or in respect of the sale thereof shall be borne and paid by Issuers. If Issuers fail to promptly pay any portion thereof when due, Notes Agent may, at its option, and shall if directed by the Majority Purchasers, pay the same and charge Issuers therefor pursuant to Section 11.3.
Collateral Protection Expenses. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral. The Debtor agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof relieve the Debtor of any default or Event of Default.
Collateral Protection Expenses. All out-of-pocket expenses incurred in protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral, and any and all excise, property, sales, and use taxes imposed by any state, provincial, federal, or local authority on any of the Collateral or in respect of the sale thereof shall be borne and paid by Borrowers; PROVIDED, that U.K. Borrower and Canadian Borrowers shall not be liable for any such expenses incurred with respect to U.S. Borrowers. If Borrowers fail to promptly pay any 18 portion thereof when due, Agents may, at their option, but shall not be required to, pay the same and charge the applicable Borrower therefor.
Collateral Protection Expenses
