Common use of Collection of Indebtedness Clause in Contracts

Collection of Indebtedness. The Issuer covenants that, if an Event of Default occurs and is continuing, the Issuer will, upon demand of the Agent, pay to the Agent, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the default interest rate payable with respect to each such Note; and, in addition thereto, such further amount as shall be sufficient to cover all Outstanding Obligations, including the costs and out-of-pocket expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Agent, its agents and counsel incurred in connection with the enforcement of this Loan Agreement.

Collection of Indebtedness. The Issuer covenants that, if an Event of Default occurs and is continuing, the Issuer will, upon demand of the Agent, pay to the Agent, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the default interest rate payable with respect to each such Note; and, in addition thereto, such further amount as shall be sufficient to cover all Outstanding Obligations, including the costs and out-of-pocket expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Agent, its agents and counsel incurred in connection with the enforcement of this Master Loan Agreement.