Common use of Discharge of Taxes and Liens Clause in Contracts

Discharge of Taxes and Liens. At its option, the Bank may discharge ---------------------------- taxes, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and may pay for the maintenance and preservation of the Collateral. Borrower agrees to reimburse the Bank, on demand, for any payment made or expense incurred by Bank pursuant to the foregoing, authorization, including, without limitation, attorney's fees.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

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Discharge of Taxes and Liens. At its option, the Bank may discharge ---------------------------- taxes, Liens, security interests interests, or other encumbrances at any time levied or placed on the Collateral and may pay for the maintenance and preservation of the Collateral. Borrower agrees to reimburse the Bank, on demand, for any payment made or expense incurred by Bank pursuant to the foregoing, foregoing authorization, including, without limitation, attorney's attorneys' fees.

Appears in 1 contract

Samples: Loan and Security Agreement (Display Technologies Inc)

Discharge of Taxes and Liens. At its option, the Bank may discharge ---------------------------- taxes, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and may pay for the maintenance and preservation of the Collateral. Borrower agrees to reimburse the Bank, on demand, for any payment made or expense incurred by Bank pursuant to the foregoing, foregoing authorization, including, without limitation, attorney's fees.

Appears in 1 contract

Samples: Loan and Security Agreement (Petmed Express Inc)

Discharge of Taxes and Liens. At its option, the Bank may discharge ---------------------------- taxes, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and may pay for the maintenance and preservation of the Collateral. Borrower agrees Borrowers agree to reimburse the Bank, on demand, for any payment made or expense incurred by Bank pursuant to the foregoing, foregoing authorization, including, without limitation, attorney's fees.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

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Discharge of Taxes and Liens. At its option, the Bank may discharge ---------------------------- taxes, Liens, security interests interests, or other encumbrances at any time levied or placed on the Collateral and may pay for the maintenance and preservation of the Collateral. Borrower agrees Borrowers agree to reimburse the Bank, on demand, for any payment made or expense incurred by Bank pursuant to the foregoing, foregoing authorization, including, without limitation, attorney's attorneys' fees.

Appears in 1 contract

Samples: Loan Agreement (Kimmins Corp/De)

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