Common use of Expenses Incurred by Secured Party Clause in Contracts

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 11 contracts

Samples: Guarantor Security Agreement (PARTS iD, Inc.), Security Agreement (Marizyme Inc), Third Amended And (Boxlight Corp)

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Expenses Incurred by Secured Party. In the Secured Party’s 's 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 or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 10 contracts

Samples: Security Agreement (PaxMedica, Inc.), Security Agreement (Wisa Technologies, Inc.), Amended and Restated Security Agreement (Bio Key International Inc)

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any default or Event of Default.

Appears in 3 contracts

Samples: Security Agreement (Blue Star Foods Corp.), Security Agreement (COMSovereign Holding Corp.), Security Agreement (Blue Star Foods Corp.)

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the Company a Grantor fails to do so. The Company Each Grantor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Company any Grantor to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Marizyme Inc), Guarantors Security Agreement (Marizyme Inc)

Expenses Incurred by Secured Party. In the Secured Party’s its discretion, the Secured Party 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 or insurance premiumsor, in each case if the Company Debtor fails to do so, insurance premiums. The Company Debtor agrees to reimburse the Secured Party on demand for any and all expenditures so made. The Secured Party shall have no obligation to the Company Debtor to make any such expenditures, nor shall the making thereof act as or be construed as deemed to be a waiver or cure of any an Event of Default.

Appears in 2 contracts

Samples: Senior Subordinated (Pw Eagle Inc), Junior Subordinated (Pw Eagle Inc)

Expenses Incurred by Secured Party. In the Secured Party’s 's 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 or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on written demand for all expenditures so made. The Secured Party shall have no obligation to the Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any default or Event of Default.

Appears in 2 contracts

Samples: Security Agreement (Seelos Therapeutics, Inc.), Security Agreement (Seelos Therapeutics, Inc.)

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Neither the Secured Party nor any Investor shall have no any obligation to the Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any default or Event of Default.

Appears in 1 contract

Samples: Security Agreement (COMSovereign Holding Corp.)

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the such Company fails to do so. The Each Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Neither the Secured Party nor any Investor shall have no any obligation to the a Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any default or Event of Default.

Appears in 1 contract

Samples: Security Agreement (COMSovereign Holding Corp.)

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Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the a Company fails to do so. The Each Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the any Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 1 contract

Samples: Guarantor Security Agreement (Abvc Biopharma, Inc.)

Expenses Incurred by Secured Party. In the Secured Party’s discretion, the Secured Party 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 or insurance premiums, in each case if to the Company extent that the Grantor fails to do so. The Company Grantor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Company Grantor to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 1 contract

Samples: Security Agreement (Espre Solutions Inc)

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the Company fails to do so. The Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the any Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 1 contract

Samples: Securities Purchase Agreement (SinglePoint Inc.)

Expenses Incurred by Secured Party. In the Secured Party’s 's 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 or insurance premiums, in each case if the Company fails Debtors fail to do so. The Company agrees Debtors agree to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Company Debtors to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Event of Default.

Appears in 1 contract

Samples: Security Agreement (Know Labs, Inc.)

Expenses Incurred by Secured Party. In the Secured Party’s 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 or insurance premiums, in each case if the such Company fails to do so. The Each Company agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the a Company to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any default or Event of Default.

Appears in 1 contract

Samples: Security Agreement (COMSovereign Holding Corp.)

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