Claims Against Borrower. Immediately upon learning thereof, report to Bank any reclamation, return or repossession of goods, any claim or dispute asserted by any Debtor or other obligor, and any other matters affecting the value and enforceability or collectibility of any of the Collateral which have not arisen in the ordinary course of business. In addition, Borrower shall, at its sole cost and expense (including attorney's fees), settle any and all such claims and disputes and indemnify and protect Bank against any liability, loss or expense arising therefrom or out of any such reclamation, return or repossession of goods, provided, however, if Bank shall so elect following the occurrence of an Event of Default, it shall have the right at all times to settle, compromise, adjust or litigate all claims or disputes directly with the Debtor or other obligor upon such terms and conditions as it deems advisable and charge all costs and expenses thereof (including attorneys' fees) to Borrower's account and add them to the Obligations.
Claims Against Borrower. Immediately upon learning thereof, report to the Bank any claim or dispute asserted by any Debtor or other obligor with respect to any non-retail inventory or transaction, and any other matters materially affecting the value and enforceability or collectibility of any of the Collateral and shall report to Bank, upon its request, any reclamation, return (excluding any sales for value of Retail Inventory in the ordinary course) or repossession of goods. In addition, the Borrower shall, at its sole cost and expense (including reasonable attorney's fees), settle any and all such claims and disputes and indemnify and protect the Bank against any liability, loss or expense arising therefrom or out of any such reclamation, return or repossession of goods, provided, however, if the Bank shall so elect, it shall have the right upon and during the continuance of an Event of Default to settle, compromise, adjust or litigate all claims or disputes directly with the Debtor or other obligor upon such terms and conditions as it deems advisable and charge all costs and expenses thereof (including attorneys' fees) to the Borrower's account and add them to the Obligations.
Claims Against Borrower. Immediately upon learning thereof, report to the Agent any claim or dispute asserted by any Debtor or other obligor with respect to any non-retail inventory or transaction, and any other matters materially affecting the value and enforceability or collectibility of any of the Collateral and shall report to Agent, upon its request, any reclamation, return (excluding any sales for value of Retail Inventory in the ordinary course)
Claims Against Borrower. Immediately upon learning thereof, report ----------------------- to the Lender any matter affecting the value and enforceability or collecti- bility of any of the Collateral.
Claims Against Borrower. Immediately upon learning thereof, report to the Bank any reclamation, return or repossession of goods, any claim or dispute asserted by any Debtor or other obligor which would have a material adverse effect on the business, properties or condition, financial or otherwise, of the Borrower, and any other matters materially affecting the value and enforceability or collectibility of any of the Collateral. In addition, the Borrower shall, at its sole cost and expense (including attorney's fees), settle any and all such claims and disputes and indemnify and protect the Bank against any liability, loss or expense arising therefrom or out of any such reclamation, return or repossession of goods, provided, however, if the Bank shall so elect, and provided that an Event of Default has occurred and has continued beyond all applicable cure periods, the Bank shall have the right at all times to settle, compromise, adjust or litigate all claims or disputes directly with the Debtor or other obligor upon such terms and conditions as it deems advisable and charge all costs and expenses thereof (including attorneys' fees) to the Borrower's account and add them to the Obligations.
Claims Against Borrower. Promptly upon learning thereof, report to Bank any reclamation, return or repossession of goods, any claim or dispute asserted by any Debtor and any other matters affecting the value and enforceability or collectibility of any of the Collateral.
