Common use of Liquidation Costs Clause in Contracts

Liquidation Costs. The Borrower shall reimburse and pay to the Lender upon demand all costs and expenses (the “Liquidation Costs”), including, without limitation, reasonable attorneys’ fees and expenses, advanced, incurred by, or on behalf of the Lender in collecting and enforcing the Liabilities and/or the Loan Documents. All Liquidation Costs shall bear interest payable by the Borrower to the Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal at all times to the then highest rate of interest charged on the principal of any of the Liabilities, plus two percent (2%) per annum.

Appears in 1 contract

Samples: Loan Agreement (Cuisine Solutions Inc)

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Liquidation Costs. The Borrower shall reimburse and pay to the Lender upon demand all costs and expenses (the “Liquidation Costs”), including, without limitation, reasonable attorneys’ fees and expenses, advanced, incurred by, or on behalf of the Lender in collecting and enforcing this Agreement, the Liabilities and/or Note and the Loan DocumentsOther Agreements. All Liquidation Costs shall bear interest payable by the Borrower to the Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal at all times to the then highest rate of interest charged on the principal of any of the LiabilitiesNote, plus two percent (2%) per annum.

Appears in 1 contract

Samples: Security Agreement (Cuisine Solutions Inc)

Liquidation Costs. The Borrower shall reimburse and pay to the Lender upon demand all costs and expenses (the "Liquidation Costs"), including, without limitation, reasonable attorneys' fees and expenses, advanced, incurred by, or on behalf of the Lender in collecting and enforcing the Liabilities and/or the Loan Documents. All Liquidation Costs shall bear interest payable by the Borrower to the Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal at all times to the then highest rate of interest charged on the principal of any of the Liabilities, plus two percent (2%) per annum.. Exercise of the Lender's rights and remedies include, without limitation, the following:

Appears in 1 contract

Samples: Loan Agreement (Stifel Financial Corp)

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Liquidation Costs. The Borrower shall reimburse and pay to the Lender upon demand all costs and expenses (the “Liquidation Costs”), including, without limitation, reasonable attorneys’ fees and expenses, advanced, or incurred by, or on behalf of the Lender in collecting and enforcing the Liabilities and/or the Loan Documents. All Liquidation Costs shall bear interest payable by the Borrower to the Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal at all times to the then highest rate of interest charged on the principal of any of the Liabilities, plus two one percent (21%) per annum.

Appears in 1 contract

Samples: Loan Agreement (Univec Inc)

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