Common use of Defend Collateral Clause in Contracts

Defend Collateral. Obligors shall defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, in connection therewith.

Appears in 2 contracts

Samples: Agreement (Vermont Pure Holdings LTD/De), Loan and Security Agreement (Vermont Pure Holdings LTD/De)

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Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (Qep Co Inc)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims ----------------- and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (SBM Industries Inc)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons Persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the CollateralCollateral and/or lien on, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand demand, at the sole cost of the Obligors, in the Obligors' names name of the applicable Obligor or Obligors and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Zygo Corp)

Defend Collateral. Obligors shall Upon an Event of Default, defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names name of Borrower and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (Microfluidics International Corp)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest interests in the Collateral, or any part thereof, would is reasonably likely to be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Commercial Loan and Security Agreement (Trans Lux Corp)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons Persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in (and/or assignment of) the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree the Borrower agrees to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, limitation reasonable attorney's fees, fees in connection therewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Hypercom Corp)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons Persons at any time claiming the same or any interest therein and, in the event the Lender's security interest ’s Lien in the such Collateral, or any material part thereof, would could reasonably be expected to be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand demand, at the sole cost of the Borrower, in the Obligors' names name of the relevant Loan Party and Obligors agree to pay, upon demand, the Lender's ’s reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys’ fees in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Axsys Technologies Inc)

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Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons Persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in (and/or assignment of) the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree the Borrower agrees to pay, upon demand, the Lender's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Hypercom Corp)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender Agent to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree to pay, upon demand, the LenderAgent 's reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (Qep Co Inc)

Defend Collateral. Obligors shall defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the LenderAgent's security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender Agent to contest or defend any such claim or demand in the Obligors' names and Obligors agree to pay, upon demand, the LenderAgent's reasonable costs, charges and expenses, including, without limitation, attorney's fees, in connection therewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Vermont Pure Holdings LTD/De)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's Lenders' security interest interests in the Collateral, or any part thereof, would is reasonably likely to be impaired by an adverse decision, allow the Lender Lenders to contest or defend any such claim or demand in the Obligors' names Borrower's name and Obligors agree to pay, upon demand, the Lender's Lenders' reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys' fees in connection therewith.

Appears in 1 contract

Samples: Loan and Security Agreement (Trans Lux Corp)

Defend Collateral. Obligors shall defend Defend the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and, in the event the Lender's Agent’s security interest in the Collateral, or any part thereof, would be impaired by an adverse decision, allow the Lender Agent to contest or defend any such claim or demand in the Obligors' names Borrower’s name and Obligors agree to pay, upon demand, the Lender's Agent ’s reasonable costs, charges and expenses, including, without limitation, attorney's fees, limitation reasonable attorneys’ fees in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (Qep Co Inc)

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