Common use of Defend Collateral Clause in Contracts

Defend Collateral. Obligors shall defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, in connection therewith.

Appears in 2 contracts

Sources: Loan Agreement (Vermont Pure Holdings LTD/De), Loan and Security Agreement (Vermont Pure Holdings LTD/De)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Sources: Loan Agreement (Qep Co Inc)

Defend Collateral. Obligors shall defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the LenderAgent's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender Agent to contest or defend any such claim or demand in the Obligors' names and Obligors agree to pay, upon demand, the LenderAgent's reasonable costs, charges and expenses, including, without limitation, attorney's fees, in connection therewith.

Appears in 1 contract

Sources: Loan and Security Agreement (Vermont Pure Holdings LTD/De)