Common use of Expenses Incurred by Secured Party Clause in Contracts

Expenses Incurred by Secured Party. If Debtor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by Debtor to Secured Party on demand and will constitute obligations secured by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Siricomm Inc), Security Agreement (Siricomm Inc)

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Expenses Incurred by Secured Party. If the Debtor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and the Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of the Secured Party incurred in connection with such performance or compliance will be payable by the Debtor to the Secured Party on demand and will constitute obligations Obligations secured by this Agreement.. BCInet — Security Agreement

Appears in 1 contract

Samples: Security Agreement (Ocz Technology Group Inc)

Expenses Incurred by Secured Party. Secured Party shall pay all of its own fees and costs incurred in the preparation of this Agreement and any related documents. If Debtor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, compliance with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be jointly and severally payable by Debtor to Secured Party on demand and will constitute obligations Obligations secured by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Protea Biosciences Group, Inc.)

Expenses Incurred by Secured Party. If Debtor the Company fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by Debtor the Company to the Secured Party on demand and will constitute obligations secured by this Agreement.

Appears in 1 contract

Samples: Security Agreement (BioCorRx Inc.)

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Expenses Incurred by Secured Party. Debtor shall pay all of Secured Party’s reasonable fees and costs incurred in the preparation of this Agreement and any related documents. If Debtor fails fail to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs perform or compliescomply, or otherwise causes cause performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be jointly and severally payable by Debtor to Secured Party on demand and will constitute obligations Obligations secured by this Agreement.

Appears in 1 contract

Samples: Line of Credit Agreement (Boxlight Corp)

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