Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 7 contracts
Samples: Junior Facility Agreement (Global Ship Lease, Inc.), Assignment Agreement (Global Ship Lease, Inc.), Assignment Agreement (Pyxis Tankers Inc.)
Enforcement and preservation costs. The Obligors Borrowers shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or and the Transaction Security and with any proceedings instituted by or against that Secured Party the Security Agent as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, Security or enforcing those rights.
Appears in 5 contracts
Samples: Facilities Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)
Enforcement and preservation costs. The Obligors Borrowers shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal feesfees and VAT) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 4 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Enforcement and preservation costs. The Obligors Borrowers shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or and the Transaction Security and with any proceedings instituted by or against that Secured Party the Security Agent as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, Security or enforcing those rights.. 50
Appears in 2 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)
Enforcement and preservation costs. The Obligors Borrowers shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or and the Transaction Security and with any proceedings instituted by or against that Secured Party the Security Agent as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, Security or enforcing those rights.. SECTION 7
Appears in 2 contracts
Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including fees, costs and expenses of legal feesadvisers and insurance and other consultants and advisers) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 1 contract
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.. SECTION 7 GUARANTEE
Appears in 1 contract
Samples: Assignment Agreement (Taylor Maritime Investments LTD)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.. Section 7 GUARANTEE AND JOINT AND SEVERAL LIABILITY OF THE BORROWERS
Appears in 1 contract
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.. 49
Appears in 1 contract
Samples: Assignment Agreement (Seanergy Maritime Holdings Corp.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal feesfees and VAT) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.. SECTION 7
Appears in 1 contract
Enforcement and preservation costs. The Obligors Borrower shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or and the Transaction Security and with any proceedings instituted by or against that Secured Party the Security Agent as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, Security or enforcing those rights.. SECTION 7 REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT
Appears in 1 contract
Samples: Assignment Agreement (DryShips Inc.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.. SECTION 7 GUARANTEE AND JOINT AND SEVERAL LIABILITY OF THE BORROWERS
Appears in 1 contract
