Common use of Expenses Incurred by Collateral Agent Clause in Contracts

Expenses Incurred by Collateral Agent. In its discretion, the Collateral Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees or, if the Company fails to do so, insurance premiums. The Company agrees to reimburse the Collateral Agent on demand for any and all expenditures so made. The Collateral Agent shall have no obligation to the Company to make any such expenditures, nor shall the making thereof relieve the Company of any default.

Expenses Incurred by Collateral Agent. In its discretion, the Collateral Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees orfees; provided, if the Company fails however, it shall not be obligated to do so, insurance premiums. The Grantor and the Company agrees jointly and severally agree to reimburse the Collateral Agent on demand for any and all reasonable expenditures so made. The Collateral Agent shall have no obligation to the Company Grantor to make any such expenditures, nor shall the making thereof relieve the Company Grantor of any default.

Expenses Incurred by Collateral Agent. In its discretion, ------------------------------------- the Collateral Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto Collateral and pay any necessary filing fees or, if the Company fails to do so, insurance premiumsfees. The Company agrees Companies agree to reimburse the Collateral Agent on demand for any and all expenditures so made. The Collateral Agent shall have no obligation to the any Company to make any such expendituresexpenditure, nor shall the making thereof relieve the any Company of any default.