Common use of Reimbursement of Collateral Agent Clause in Contracts

Reimbursement of Collateral Agent. (a) In accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, the Pledgors agree to pay upon demand to the Collateral Agent the amount of any and all reasonable expenses, including the reasonable fees, other charges and disbursements of its counsel and of any experts or agents, that the Collateral Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder or (iv) the failure by such Pledgor to perform or observe any of the provisions hereof.

Appears in 6 contracts

Samples: Domestic Pledge Agreement (Pliant Corp), Canadian Pledge Agreement (Pliant Corp), Pledge Agreement (Pliant Corp)

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Reimbursement of Collateral Agent. (a) In accordance with, and to the extent consistent with, the terms of the Intercreditor Agreement, (a) the Pledgors agree to pay upon demand to the Collateral Agent the amount of any and all reasonable expenses, including the reasonable fees, other charges and disbursements of its counsel and of any experts or agents, that the Collateral Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder or (iv) the failure by such Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Second Priority Pledge Agreement (Pierson Industries Inc)

Reimbursement of Collateral Agent. (a) In accordance with, and to the extent consistent consist with, the terms of the Intercreditor Agreement, the Pledgors agree (a) each Pledgor agrees to pay upon demand to the Collateral Agent the amount of any and all reasonable expenses, including the reasonable fees, other charges and disbursements of its counsel and of any experts or agents, that the Collateral Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder or (iv) the failure by such Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Pledge Agreement (On Semiconductor Corp)

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Reimbursement of Collateral Agent. (a) In accordance withWithout limitation of any reimbursement obligations under the other Loan Documents, and to the extent consistent with, the terms of the Intercreditor Agreement, the Pledgors agree each Pledgor agrees to pay upon demand to the Collateral Agent the amount of any and all reasonable and documented expenses, including the reasonable and documented fees, other charges and disbursements of its counsel and of any experts or agents, that the Collateral Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent hereunder or (iv) the failure by such Pledgor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Hechinger Co)

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