Common use of Expenses Incurred by Agent Clause in Contracts

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company to make any such expenditures, nor shall the making thereof relieve the Company of any default.

Appears in 3 contracts

Samples: Security Agreement (Genrad Inc), Security Agreement (Marcam Corp), Security Agreement (National Auto Finance Co Inc)

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Expenses Incurred by Agent. In its discretion, the Agent may -------------------------- discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company to make any such expenditures, nor shall the making thereof relieve the Company of any default.

Appears in 2 contracts

Samples: Security Agreement (CMG Information Services Inc), Security Agreement (Cmgi Inc)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company Each the Companies agrees jointly and severally to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to any of the Company Companies to make any such expenditures, nor shall the making thereof relieve the Company Companies of any default.

Appears in 1 contract

Samples: Security Agreement (Charlotte Russe Holding Inc)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, and if an Event of Default shall have occurred and be continuing, make repairs thereto and pay any necessary filing fees. The Company Each of the Companies agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company Companies to make any such expenditures, nor shall the making thereof relieve the any Company of any default. 9.2.

Appears in 1 contract

Samples: Security Agreement (Morgan Group Inc)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing feesfees and after the occurrence and during the continuation of an Event of Default, make repairs thereto. The Company agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company to make any such expenditures, nor shall the making thereof relieve the Company of any default.

Appears in 1 contract

Samples: Security Agreement (Fargo Electronics Inc)

Expenses Incurred by Agent. In its discretion, upon the occurrence and during the continuation of an Event of Default the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company to make any such expenditures, nor shall the making thereof relieve the Company of any default.

Appears in 1 contract

Samples: Security Agreement (Stride & Associates Inc)

Expenses Incurred by Agent. In its discretion, discretion the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, Collateral make repairs thereto and pay any necessary filing fees. The Company Each of the Companies agrees jointly and severally to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to any of the Company Companies to make any such expenditures, nor shall the making thereof relieve the Company Companies of any default.

Appears in 1 contract

Samples: Security Agreement (Transtechnology Corp)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company agrees Companies jointly and severally agree to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the any Company to make any such expenditures, nor shall the making thereof relieve the any Company of any default.

Appears in 1 contract

Samples: Security Agreement (Rti Capital Corp)

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Expenses Incurred by Agent. In its discretion, the Agent may -------------------------- discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make necessary repairs thereto and pay any necessary filing fees. The Each Company agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the either Company to make any such expenditures, nor shall the making thereof relieve the such Company of any default.

Appears in 1 contract

Samples: Security Agreement (CMG Information Services Inc)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company Each of the Borrowers agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to any of the Company Borrowers to make any such expenditures, nor shall the making thereof relieve the Company Borrowers of any default.

Appears in 1 contract

Samples: Security Agreement (Nationsrent Inc)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company Guarantor agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company Guarantor to make any such expenditures, nor shall the making thereof relieve the Company Guarantor of any default.

Appears in 1 contract

Samples: Canadian Security Agreement (Rti Capital Corp)

Expenses Incurred by Agent. In its the Agent's discretion, if the Company fails to do so, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing feesfees or insurance premiums. The Company agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the Company to make any such expenditures, nor shall the making thereof relieve the Company be construed as a waiver or cure of any defaultEvent of Default.

Appears in 1 contract

Samples: Security Agreement (Mac-Gray Corp)

Expenses Incurred by Agent. In its discretion, the Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees. The Company Each of the Companies agrees to reimburse the Agent on demand for any and all expenditures so made. The Agent shall have no obligation to the any Company to make any such expenditures, nor shall the making thereof relieve the any Company of any default.

Appears in 1 contract

Samples: Stock Pledge Agreement (Metallurg Inc)

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