Common use of Expenses of Enforcement, Etc Clause in Contracts

Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence of a Default under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Guarantors agree to reimburse the Administrative Agent and the holders of Obligations for any costs and out-of-pocket expenses (including reasonable attorneys' fees and time charges of attorneys for the Administrative Agent and the holders of Obligations, which attorneys may be employees of the Administrative Agent or the holders of Obligations) paid or incurred by the Administrative Agent or any holders of Obligation in connection with the collection and enforcement of amounts due under the Loan Documents, including without limitation this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the holders of Obligations on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Plexus Corp)

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Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence of a Default under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Guarantors agree to reimburse the Administrative Agent and the holders Holders of Obligations for any reasonable costs and out-of-pocket expenses (including reasonable attorneys' fees and time charges of attorneys for the Administrative Agent and the holders Holders of Obligations, which attorneys may be employees of the Administrative Agent or the holders Holders of Obligations) paid or incurred by the Administrative Agent or any holders Holders of Obligation in connection with the collection and enforcement of amounts due under the Loan Documents, including without limitation this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the holders Holders of Obligations on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Samples: Assignment Agreement (Applebees International Inc)

Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence and during the continuance of a Default under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Subsidiary Guarantors agree to reimburse the Administrative Agent and the holders of Obligations other Secured Parties for any costs and out-of-pocket expenses (including reasonable attorneys' ’ fees and time charges of attorneys for the Administrative Agent and the holders of Obligationsother Secured Parties, which attorneys may be employees of the Administrative Agent or the holders of Obligationsother Secured Parties) paid or incurred by the Administrative Agent or any holders of Obligation and the other Secured Parties in connection with the collection and enforcement of amounts due under the Loan Documents, including including, without limitation limitation, this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Subsidiary Guarantors hereunder to the holders of Obligations Secured Parties on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Schulman a Inc)

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Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence and during the continuance of a Default under the Credit AgreementDefault, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Guarantors agree to reimburse the Administrative Agent and the holders Holders of Obligations for any costs and out-of-pocket expenses (including reasonable attorneys' ’ fees and time charges of attorneys for the Administrative Agent and the holders Holders of Obligations, which attorneys may be employees of the Administrative Agent or the holders Holders of Obligations) paid or incurred by the Administrative Agent or any holders Holders of Obligation Obligations in connection with the collection and enforcement of amounts due under the Loan Documents, including including, without limitation limitation, this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the holders Holders of Obligations on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Florida Gaming Corp)

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