Payee Expenses definition
Payee Expenses means all reasonable and documented fees and expenses incurred by the Payee (including the reasonable fees and expenses of counsel) in connection with the enforcement or protection of any of the Payee’s rights and remedies under this Contingent Payment Right, including, without limitation, in connection with any work-out, restructuring, or collection of the obligations hereunder, or any bankruptcy or insolvency proceeding filed by or against any TBG Entity or TBG Holdings.
Payee Expenses means all reasonable and documented fees and expenses incurred by the Payee (including the reasonable fees and expenses of counsel) in connection with the enforcement or protection of any of the Payee’s rights and remedies
Examples of Payee Expenses in a sentence
All payments hereunder shall be applied as follows: first, to all Payee Expenses until paid in full in cash, second, to all unpaid interest accrued since the most recent yearly anniversary of the date of this Contingent Payment Right until paid in full in cash, and third to the remaining Contingent Payment Amount.