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 Collateral Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Pledge Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Agreement or with respect to the Pledged Collateral, then Pledgor agrees to promptly pay the costs and expenses of the Collateral Agent in accordance with the terms 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)

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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 Pledge Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Agreement or with respect to the Pledged Collateral, then Pledgor agrees to promptly pay the costs and expenses of the Collateral Agent in accordance with the terms of the IndenturesIndenture, 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 Pledge Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Security Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Security Agreement or with respect to the Pledged Collateral, then Pledgor agrees the Obligors agree to promptly pay the upon demand any and all such reasonable fees, documented costs and expenses of the Collateral Agent in accordance with the terms of the IndenturesAgent, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: 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 Pledge Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Security Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Security Agreement or with respect to the Pledged Collateral, then Pledgor agrees the Obligors agree to promptly pay the upon demand any and all such reasonable out-of-pocket costs and expenses of the Collateral Agent in accordance with the terms of the IndenturesAgent, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Security Agreement (Unifi 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 Pledge Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Security Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Security Agreement or with respect to the Pledged Collateral, then Pledgor the Company agrees to promptly pay the upon demand any and all such reasonable documented costs and expenses of incurred by the Collateral Agent in accordance with or the terms of the IndenturesPurchasers, 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 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 Pledge Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Agreement or with respect to the Pledged Collateral, then each Pledgor agrees to promptly pay the costs and expenses of the Collateral Agent in accordance with the terms of the Indentures, all of which costs and expenses shall constitute Secured Obligations hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Transmeridian Exploration Inc)

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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 Pledge Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Security Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Security Agreement or with respect to the Pledged Collateral, then Pledgor Obligor agrees to promptly pay the costs and expenses of the Collateral Agent in accordance with the terms of the IndenturesAgent, 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 Pledge Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Security Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Security Agreement or with respect to the Pledged Collateral, then Pledgor agrees the Grantors agree to promptly pay the upon demand any and all such reasonable documented costs and expenses of the Collateral Agent in accordance with or the terms holders of the IndenturesSecured 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 Pledge Security Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Pledge Security Agreement or relating to the Pledged Collateral, or to protect the Pledged Collateral or exercise any rights or remedies under this Pledge Security Agreement or with respect to the Pledged Collateral, then Pledgor agrees the Grantors agree to promptly pay the upon demand any and all such reasonable documented costs and expenses of the Collateral Agent in accordance with or the terms of the IndenturesDebenture 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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