Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 10 contracts
Samples: Term Loan Facility (United Maritime Corp), Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Enforcement and preservation costs. The Obligors Borrowers shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or and the Transaction Security and with any proceedings instituted by or against that Secured Party the Security Agent as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, Security or enforcing those rights.
Appears in 9 contracts
Samples: Term and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)
Enforcement and preservation costs. The Obligors Borrowers shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal feesfees and VAT) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 5 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Creditor Party the amount of all costs and expenses (including legal fees) incurred by that Secured Creditor Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Creditor Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 2 contracts
Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security Security, in accordance with their respective terms, and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights, always in accordance with their terms.
Appears in 1 contract
Samples: Facility Agreement (Euroseas Ltd.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal fees) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.. GUARANTEE
Appears in 1 contract
Samples: Facility Agreement (Taylor Maritime Investments LTD)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including fees, costs and expenses of legal feesadvisers and insurance and other consultants and advisers) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 1 contract
Samples: Term Loan Facility Agreement (Castor Maritime Inc.)
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Creditor Party the amount of all costs and expenses (including reasonable legal fees) incurred by that Secured Creditor Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Creditor Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 1 contract
Enforcement and preservation costs. The Obligors shall, on demand, pay to each Secured Party the amount of all costs and expenses (including legal feesfees and VAT) incurred by that Secured Party in connection with the enforcement of, or the preservation of any rights under, any Finance Document or the Transaction Security and with any proceedings instituted by or against that Secured Party as a consequence of it entering into a Finance Document, taking or holding the Transaction Security, or enforcing those rights.
Appears in 1 contract
