Common use of Expenses and Application of Proceeds Clause in Contracts

Expenses and Application of Proceeds. Debtor shall reimburse Secured Party for any expense incurred by Secured Party in protecting or enforcing its rights under this Agreement before and after judgment including, without limitation, reasonable attorneys' fees and legal expenses and all expenses of taking possession, holding, preparing for disposition and disposing of the Collateral. After deduction of such expenses, Secured Party may apply the proceeds of disposition to the other Obligations in such order and amounts as it elects, subject only to section 3(a) above.

Appears in 2 contracts

Samples: Security Agreement (Odyssey Marine Exploration Inc), Security Agreement (Odyssey Marine Exploration Inc)

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Expenses and Application of Proceeds. Debtor shall reimburse Secured Party for any expense incurred by Secured Party in protecting or enforcing its rights under this Agreement before and after judgment including, without limitation, reasonable attorneys' fees and legal expenses and all expenses of taking possession, holding, preparing for disposition and disposing of the Collateral. After deduction of such expenses, Secured Party may apply the proceeds of disposition to the other Obligations in such order and amounts as it elects, subject only to section 3(a) above.

Appears in 1 contract

Samples: Security Agreement (Western Power & Equipment Corp)

Expenses and Application of Proceeds. The Debtor shall reimburse the Secured Party for any expense expenses incurred by the Secured Party in protecting or enforcing its rights under this Agreement before and after judgment includingAgreement, including without limitation, reasonable attorneys' fees and legal expenses and all expenses of taking possession, holding, preparing for disposition and disposing of the Collateral. After deduction of such expenses, the Secured Party may apply the proceeds of disposition to the other Obligations obligations in such order and amounts as it elects, subject only to section 3(a) above.

Appears in 1 contract

Samples: Chattel Security Agreement (Azco Mining Inc)

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Expenses and Application of Proceeds. Debtor shall reimburse Secured Party for any expense incurred by Secured Party in protecting or enforcing its rights under this Agreement before and after judgment including, without limitation, reasonable attorneys' ’ fees and legal expenses and all expenses of taking possession, holding, preparing for disposition and disposing of the Collateral. After deduction of such expenses, Secured Party may apply the proceeds of disposition to the other Obligations in such order and amounts as it elects, subject only to section 3(a) above.

Appears in 1 contract

Samples: Security Agreement (Odyssey Marine Exploration Inc)

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