Common use of Expenses Incurred by Secured Party Clause in Contracts

Expenses Incurred by Secured Party. In 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, if the Debtor fails to do so, insurance premiums. The 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 Debtor to make any such expenditures, nor shall the making thereof relieve the Debtor of any default or Event of Default.

Appears in 4 contracts

Samples: Security Agreement (Sedona Corp), Security Agreement (Sedona Corp), Security Agreement (Sedona Corp)

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Expenses Incurred by Secured Party. In 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, if the Debtor debtor fails to do so, insurance premiums. The 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 Debtor to make any such expenditures, nor shall the making thereof relieve the Debtor of any default or Event of Defaultdefault.

Appears in 2 contracts

Samples: Security Agreement (Lumenon Innovative Lightwave Technology Inc), Security Agreement (Lumenon Innovative Lightwave Technology Inc)

Expenses Incurred by Secured Party. In its sole discretion, the Secured Party may discharge taxes and other encumbrances (other than the security interests granted pursuant to this Agreement) at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees or, if the Debtor fails to do so, insurance premiumsfees. The Debtor Borrower agrees to reimburse the Secured Party on demand for any and all expenditures so made. The Secured Party shall have no obligation to the Debtor Borrower to make any such expenditures, nor shall the making thereof relieve the Debtor Borrower of any default or Event of Defaultdefault.

Appears in 2 contracts

Samples: Security Agreement (Unified Signal, Inc.), Security Agreement (Unified Signal, Inc.)

Expenses Incurred by Secured Party. In 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, if the Debtor debtor fails to do so, insurance premiums. The 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 Debtor to make any such expenditures, nor shall the making thereof relieve the Debtor of any default or Event of Defaultdefault.

Appears in 1 contract

Samples: Security Agreement (Granite City Food & Brewery LTD)

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Expenses Incurred by Secured Party. In 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, if the Debtor Assignor fails to do so, insurance premiums. The Debtor Assignor agrees to reimburse the Secured Party on demand for any and all expenditures so made. The Secured Party shall have no obligation to the Debtor Assignor to make any such expenditures, nor shall the making thereof relieve the Debtor Assignor of any default or Event of Defaultdefault.

Appears in 1 contract

Samples: Firstcity Financial Corp

Expenses Incurred by Secured Party. In its discretion, discretion the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto thereto, maintain the Collateral and pay any necessary filing fees or, or if the Debtor debtor fails to do so, insurance premiums. The 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 Debtor to make any such expenditures, expenditures nor shall the making thereof relieve the Debtor of any default or Event of Defaultdefault.

Appears in 1 contract

Samples: Security Agreement (POSITIVEID Corp)

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