Common use of Protect Security Clause in Contracts

Protect Security. At Borrower’s sole cost and expense, Borrower shall appear and defend any action or proceeding arising under, during, out of or in any manner connected with the Development Agreement or the obligations, duties or liabilities of Borrower under the Development Agreement, and shall pay any reasonable costs and expense of Lender, including reasonable attorneys’ fees, in any such action or proceeding in which Lender decides, in its sole discretion, to appear.

Appears in 1 contract

Sources: Collateral Assignment of Development Agreement and Tif Payment Rights

Protect Security. At Borrower’s sole cost and expense, Borrower shall appear and defend any action or proceeding arising under, during, out of or in any manner connected with the Development Agreement or the obligations, duties or liabilities of Borrower under the Development Agreement, and shall pay any reasonable costs and expense expenses of Lender, including reasonable attorneys’ fees, in any such action or proceeding in which Lender ▇▇▇▇▇▇ decides, in its sole discretion, to appear.

Appears in 1 contract

Sources: Collateral Assignment of Tif Payment Rights