Common use of DESCRIPTION OF OBLIGATION Clause in Contracts

DESCRIPTION OF OBLIGATION. The following obligations (collectively, "Obligation") are secured by this agreement: a. All debt, obligations, liabilities and agreements of any nature of the Company to the Secured Parties or any Secured Party, whether matured or unmatured, fixed or contingent, including all future advances, now or hereafter existing, arising pursuant to or in connection with (i) this agreement; (ii) the Credit Agreement; (iii) all other Loan Documents; and (iv) all amendments, modifications, renewals, extensions, increases, substitutions or rearrangements of any of the foregoing. b. All costs incurred by the Administrative Agent or any Secured Party to obtain, preserve, perfect and enforce this agreement, the other Loan Documents, and the pledge and security interest granted hereby, collect the Obligation, and maintain, preserve, collect and enforce the Collateral, including without limitation taxes, assessments, reasonable attorneys' fees and legal expenses, and expenses of sale. c. Interest on the above amounts as agreed between the Company and the Secured Parties, including, without limitation, interest, fees and other charges that would accrue or become owing both prior to and subsequent to and but for the commencement of any proceeding against or with respect to any Company under any chapter of the Bankruptcy Code of 1978, 11 U.S.C. Section 101 ET SEQ. whether or not a claim is allowed for the same in any such proceeding.

DESCRIPTION OF OBLIGATION. The following obligations (collectively, "Obligation") are secured by this agreement: a. All debt, obligations, liabilities and agreements of any nature of the Company to the Secured Parties or any Secured Party or any affiliate of any Secured Party, whether matured or unmatured, fixed or contingent, including all future advances, now or hereafter existing, arising pursuant to or in connection with (i) this agreement; (ii) the Credit Agreement; (iii) all other Loan Documents; and (iv) all amendments, modifications, renewals, extensions, increases, substitutions or rearrangements of any of the foregoing. b. All costs incurred by the Administrative Agent or any Secured Party to obtain, preserve, perfect and enforce this agreement, the other Loan Documents, and the pledge and security interest granted hereby, collect the Obligation, and maintain, preserve, collect and enforce the Collateral, including including, without limitation limitation, taxes, assessments, reasonable attorneys' fees and legal expenses, and expenses of sale. c. Interest on the above amounts as agreed between the Company and the Secured Parties, including, without limitation, interest, fees and other charges that would accrue or become owing both prior to and subsequent to and but for the commencement of any proceeding against or with respect to any the Company under any chapter of the Bankruptcy Code of 1978, 11 U.S.C. Section 101 ET SEQ. whether or not a claim is allowed for the same in any such proceeding.

DESCRIPTION OF OBLIGATION. The following obligations (collectively, "Obligation") are secured by this agreement: a. All debt, obligations, liabilities and agreements of any nature of the Company Companies to the Secured Parties or any Secured Party, whether matured or unmatured, fixed or contingent, including all future advances, now or hereafter existing, arising pursuant to or in connection with (i) this agreement; (ii) the Credit Agreement; (iii) all other Loan Documents; and (iv) all amendments, modifications, renewals, extensions, increases, substitutions or rearrangements of any of the foregoing. b. All costs incurred by the Administrative Agent Lender or any Secured Party to obtain, preserve, perfect and enforce this agreement, the other Loan Documents, and the pledge and security interest granted hereby, collect the Obligation, and maintain, preserve, collect and enforce the Collateral, including without limitation taxes, assessments, reasonable attorneys' fees and legal expenses, and expenses of sale. c. Interest on the above amounts as agreed between the Company Companies and the Secured Parties, including, without limitation, interest, fees and other charges that would accrue or become owing both prior to and subsequent to and but for the commencement of any proceeding against or with respect to any Company under any chapter of the Bankruptcy Code of 1978, 11 U.S.C. Section 101 ET SEQ. whether or not a claim is allowed for the same in any such proceeding.

DESCRIPTION OF OBLIGATION. The following obligations (collectively, "Obligation") are secured by this agreement: a. All debt, obligations, liabilities and agreements of any nature of the Company Power-One to the Secured Parties or any Secured Party, whether matured or unmatured, fixed or contingent, including all future advances, now or hereafter existing, in each case arising pursuant to or in connection with (i) this agreement; (ii) the Credit Agreement; (iii) all other Loan Documents; and (iv) all amendments, modifications, renewals, extensions, increases, substitutions or rearrangements of any of the foregoing. b. All reasonable costs incurred by the Administrative Agent Lender or any Secured Party to obtain, preserve, perfect and enforce this agreement, the other Loan Documents, and the pledge and security interest granted hereby, collect the Obligation, and maintain, preserve, collect and enforce the Collateral, including without limitation taxes, assessments, reasonable attorneys' fees and reasonable legal expenses, and reasonable expenses of sale. c. Interest on the above amounts as agreed between the Company Power-One and the Secured Parties, including, without limitation, interest, reasonable fees and other charges that would accrue or become owing both prior to and subsequent to and but for the commencement of any proceeding against or with respect to any Company Power-One under any chapter of the Bankruptcy Code of 1978, 11 U.S.C. Section 101 ET SEQ. whether or not a claim is allowed for the same in any such proceeding.

DESCRIPTION OF OBLIGATION. The following obligations (collectively, "Obligation") are secured by this agreement: a. All debt, obligations, liabilities and agreements of any nature of the Company Companies to the Secured Parties or any Secured Party, whether matured or unmatured, fixed or contingent, including all future advances, now or hereafter existing, arising pursuant to or in connection with (i) this agreement; (ii) the Credit Agreement; (iii) all other Loan Documents; and (iv) all amendments, modifications, renewals, extensions, increases, substitutions or rearrangements of any of the foregoing. b. All costs incurred by the Administrative Agent Lender or any Secured Party to obtain, preserve, perfect and enforce this agreement, the other Loan Documents, and the pledge and security interest granted hereby, collect the Obligation, and maintain, preserve, collect and enforce the Collateral, including including, without limitation limitation, taxes, assessments, reasonable attorneys' fees and legal expenses, and expenses of sale. c. Interest on the above amounts as agreed between the Company Companies and the Secured Parties, including, without limitation, interest, fees and other charges that would accrue or become owing both prior to and subsequent to and but for the commencement of any proceeding against or with respect to any Company under any chapter of the Bankruptcy Code of 1978, 11 U.S.C. Section 101 ET SEQ. whether or not a claim is allowed for the same in any such proceeding.