Expenses; Proceeds of Collateral. Irrespective of whether the proceeds of the Revolving Line are disbursed, Borrower shall pay all fees and expenses, including, without limitation, legal fees and expenses, filing fees, insurance premiums and expenses, appraisal fees, recording costs and taxes (except taxes measured by Bank's income) incurred by Bank or Borrower from time to time in connection with the preparation and closing, filing, administration, amendment and modification of the Revolving Line, this Agreement, the Note, and the other Loan Documents and those documents and instruments associated with the perfection and creation of the security interests and other rights granted pursuant hereto or pursuant to any of the other Loan Documents and Bank's selling, negotiating, documenting and/or enforcing participations in the Revolving Line and the Loan Documents. Borrower shall pay to Bank on demand any and all such fees and expenses incurred or paid by Bank, together with any and all fees, expenses and costs (a) of collection or (b) otherwise incurred or paid by Bank in protecting, enforcing or realizing its rights upon or with respect to any of the Liabilities, the Loan Documents or the Collateral (including, without limitation, reasonable counsel fees, including, without limitation, those incurred in connection with any appeal or any bankruptcy proceedings). After deducting all of said fees and expenses, the residue of any proceeds of collection or sale of Liabilities or Collateral shall be applied to the Liabilities and interest, charges and expenses constituting or related to the Liabilities in such order of preference as Bank may determine, proper allowance for Liabilities not then due being made, and, to the extent allowed by law, without limiting any of Borrower's or any guarantor's obligations or any of Bank's rights under the Loan Documents, Borrower and guarantors shall remain liable for any deficiency. In addition and without limiting the foregoing, Borrower shall pay and shall indemnify Bank for all fees, losses, costs and expenses incurred by Bank in connection with the L/C's and/or the L/C Documents, including, without limitation, legal fees and expenses, arising from or related to the L/C's and/or the L/C Documents.
Expenses; Proceeds of Collateral. The Borrower and the Guarantors covenant and agree that they shall pay to the Lender, on demand, any and all reasonable out-of-pocket expenses, including reasonable attorneys’ fees, court costs, sheriffs’ fees and other expenses incurred or paid by the Lender in protecting and enforcing its rights under this Agreement, the Loan Documents, and the other Obligations, including the costs of preparation of this Agreement and the Loan Documents, and any amendments, modifications, consents or waivers in respect thereof, and all filing, auditing, accounting and appraisal fees, if any are required. After deducting all of said expenses and the reasonable expenses of retaking, holding, preparing for sale, selling and the like, the residue of any proceeds of collections or sale of Collateral shall be applied to the payment of principal of or interest on Obligations of the Borrower to the Lender in such order or preference as the Lender may determine and any excess shall be returned to the Borrower (subject to the provisions of the Uniform Commercial Code) and the Borrower shall remain liable for any deficiency.
Expenses; Proceeds of Collateral. BORROWER shall pay to BANK on demand any and all expenses, including reasonable attorneys' fees, incurred or paid by BANK in collecting or otherwise protecting or enforcing or attempting to collect, protect or enforce its rights upon or under Liabilities or Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale of Liabilities or Collateral shall be applied to the payment of principal or interest on Liabilities, in such order of preference as BANK may determine with proper allowance for interest on Liabilities not then due being made, and any excess shall be returned to BORROWER and BORROWER shall remain liable for any deficiency.
Expenses; Proceeds of Collateral. The Borrower shall pay to the Bank on demand any and all reasonable out-of-pocket expenses, including reasonable attorneys' fees, incurred or paid by the Bank in protecting the Collateral or the existence, perfection or priority of the Bank's security interest therein. After deducting all of such expenses, the residue of any Proceeds of collection or sale of the Collateral shall be applied to the payment of principal or interest on Liabilities in such order of preference as the Bank may determine, proper allowance for interest on Liabilities not then due being made, and any excess shall be returned to the Borrower.
Expenses; Proceeds of Collateral. Debtor shall reimburse to Secured Party on demand for any and all expenses, including reasonable professional fees and reasonable counsel fees, incurred or paid by Secured Party in protecting or enforcing its rights under this agreement (i) after notice to Debtor, if no Event of Default is then outstanding, or (ii) after any Event of Default. After deducting all such expenses, the balance of any proceeds of collection or sale of the Collateral shall be applied to the payment of principal, interest, and other sums due on the Obligations in such order as Secured Party may determine, proper allowance for interest on Obligations not then due being made, and any surplus shall be paid as required by law.
Expenses; Proceeds of Collateral. Borrowers shall pay all expenses, including without limitation, reasonable legal expenses, incurred by Bank from time to time in connection with the preparation, administration, amendment or modification of this Agreement, the Note, and other documents executed in connection with the creation of the Loans and those associated with the perfection and creation of the security interests granted pursuant hereto. The Borrowers shall pay to the Bank on demand any and all expenses and costs of collection, including, without limitation, reasonable counsel fees, incurred or paid by the Bank in protecting or enforcing its rights upon or with respect to any of the Liabilities or the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale of Liabilities or Collateral shall be applied to the payment of principal or interest on Liabilities in such order or preference as the Bank may determine, proper allowance for interest on Liabilities not then due being made, and any excess shall be returned to the Borrowers, and the Borrowers shall remain liable for any deficiency.
Expenses; Proceeds of Collateral. The Borrower covenants and agrees that it shall pay to the Bank, on demand, any and all reasonable out- of-pocket expenses, including reasonable attorneys' fees incurred or paid by the Bank in protecting and enforcing its rights under this Agreement, the costs of preparation of this Agreement and its supporting documents including all filing and appraisal fees (as provided herein), and the participation of interests in the Loan (including the reasonable attorneys fees of such participants). Without limiting the foregoing, the Bank shall have the right to recover its out-of-pocket costs in connection with the administration of the Loan, and to recover its out-of-pocket costs and/or collect fees in connection with requests for consents and waivers of compliance with covenants, or other material changes in the Loan. After deducting all of said expenses and the reasonable expenses of retaking, holding, preparing for sale, selling and the like, the residue of any proceeds of collections of sale of the Collateral shall be applied to the payment of principal of or interest on the Loan in such order or preference as the Bank may determine, and any excess shall be returned to the Borrower (subject to the provisions of Section 9-504 of the Uniform Commercial Code) and the Borrower shall remain liable for any deficiency.
Expenses; Proceeds of Collateral. Debtor shall pay to Secured Party on demand any and all reasonable expenses, including reasonable attorneys' fees, incurred or paid by Secured Party in perfecting, protecting or enforcing its rights upon or under Obligations or Collateral. After deducting all of said expenses the residue of any proceeds of collection or sale of Collateral shall be applied to the payment of the Obligations as Secured Party may determine, and Debtor shall remain fully liable for any deficiency.
Expenses; Proceeds of Collateral. The Borrower will pay to Lender, as soon as incurred, all costs and expenses, including attorneys' fees (which, however, shall not exceed $30,000 before the execution of this Agreement), related or incidental to the care, holding, retaking, preparing for sale, selling or collection of or realization upon any of the Collateral or relating or incidental to the establishment or preserving or enforcement of the rights of Lender hereunder or in respect of any of the Collateral, and obtaining legal advice with regard to any of the foregoing. Further, net proceeds of the Collateral resulting from sale, collection or otherwise, and other available monies coming into the hands of Lender, may be applied by it, before or after the occurrence of an Event of Default, to the satisfaction or reduction of such of the costs and expenses and the Borrower's indebtedness on account of any Obligation as Lender may see fit, whether or not matured. The remedies of Lender shall be cumulative and may be exercised concurrently or separately. No failure or delay on the part of Lender in exercising any right or remedy granted to it hereby or otherwise provided by law shall operate as a waiver thereof.
Expenses; Proceeds of Collateral. The Borrower shall pay to the Lender on demand any and all reasonable out-of-pocket expenses, including reasonable attorneys' fees, incurred or paid by the Lender in protecting the Collateral or the existence, perfection or priority of the Lender's security interest therein. After deducting all of such expenses, the residue of any Proceeds of collection or sale of the Collateral shall be applied to the payment of principal or interest on Liabilities in such order of preference as the Lender may determine, proper allowance for interest on Liabilities not then due being made, and any excess shall be returned to the Borrower.
