Common use of Costs of Counsel Clause in Contracts

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors agree to promptly pay upon demand any and all such reasonable out-of-pocket costs and expenses of the Agent or the Lenders, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 2 contracts

Samples: Security Agreement (Nationsrent Companies Inc), Credit Agreement (Nationsrent Companies Inc)

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Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Pledge Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Pledge Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Security Pledge Agreement or with respect to the Pledged Collateral, then the Obligors agree Pledgor agrees to promptly pay upon demand any and all such reasonable out-of-pocket the costs and expenses of the Collateral Agent or in accordance with the Lendersterms of the Indenture, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Transmeridian Exploration Inc), Pledge Agreement (Transmeridian Exploration Inc)

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Pledge Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Pledge Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Security Pledge Agreement or with respect to the Pledged Collateral, then the Obligors agree Pledgor agrees to promptly pay upon demand any and all such reasonable out-of-pocket the costs and expenses of the Collateral Agent or in accordance with the Lendersterms of the Indentures, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Transmeridian Exploration Inc), Pledge Agreement (Transmeridian Exploration Inc)

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors agree Company agrees to promptly pay upon demand any and all such reasonable out-of-pocket documented costs and expenses of incurred by the Collateral Agent or the LendersPurchasers, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (VeruTEK Technologies, Inc.)

Costs of Counsel. If at any time hereafter, whether upon Upon the occurrence of an Event of Default or nota material breach of any provision herein or in any of the other Transaction Documents, if the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors agree Obligor agrees to promptly pay upon demand any and all such reasonable out-of-pocket the costs and expenses of the Agent or the LendersCollateral Agent, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (Applied Digital Solutions Inc)

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Pledge Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Pledge Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Security Pledge Agreement or with respect to the Pledged Collateral, then the Obligors agree each Pledgor agrees to promptly pay upon demand any and all such reasonable out-of-pocket the costs and expenses of the Collateral Agent or in accordance with the Lendersterms of the Indentures, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Transmeridian Exploration Inc)

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors agree to promptly pay upon demand any and all such reasonable out-of-pocket costs and expenses of the Agent or the LendersCollateral Agent, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (Unifi Inc)

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Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors agree to promptly pay upon demand any and all such reasonable out-of-pocket fees, documented costs and expenses of the Agent or the LendersCollateral Agent, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Second Lien Security Agreement (Gencorp Inc)

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors Grantors agree to promptly pay upon demand any and all such reasonable out-of-pocket documented costs and expenses of the Collateral Agent or the Lendersholders of the Secured Obligations, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (Rehabcare Group Inc)

Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors Grantors agree to promptly pay upon demand any and all such reasonable out-of-pocket documented costs and expenses of the Collateral Agent or the LendersDebenture Holders, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (American Healthchoice Inc /Ny/)

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