Common use of COSTS, CHARGES AND EXPENSES Clause in Contracts

COSTS, CHARGES AND EXPENSES. The Borrower will assume and pay all costs, charges and expenses, including reasonable solicitors' costs, charges and expenses on a solicitor and own client basis, which may be incurred by the Lender in respect of this Agreement, or the Lender's Security or which may be incurred by the Lender in respect of any proceedings taken or things done by the Lender in connection therewith to collect, protect, realize or enforce the Lender's Security. Following payment by the Borrower of such costs, charges and expenses (or payment of an amount in lieu thereof to the Lender), the Lender will assign to the Borrower the right to contest or tax such costs, charges and expenses.

COSTS, CHARGES AND EXPENSES. The Borrower will assume and pay all costs, charges and expenses, including reasonable solicitors' costs, charges and expenses on a solicitor and own client basis, which may be incurred by the Lender Lenders in respect of this Agreement, or the Lender's Lenders' Security or which may be incurred by the Lender Lenders in respect of any proceedings taken or things done by the Lender Lenders in connection therewith to collect, protect, realize or enforce the Lender's Lenders' Security. Following payment by the Borrower of such costs, charges and expenses (or payment of an amount in lieu thereof to the LenderLenders), the Lender Lenders will assign to the Borrower the right to contest or tax such costs, charges and expenses.