Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 7 contracts
Samples: Security Agreement, Common Stock Purchase Agreement (ONE Bio, Corp.), Security Agreement (Itex Corp)
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 7 contracts
Samples: Contract for the Purchase of Seattle Corporate Office and Use of Itex Client Information (Itex Corporation), Contract for the Purchase of Corporate Office and Use of Client Information (Itex Corporation), Security Agreement (World Waste Technologies Inc)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 5 contracts
Samples: Security Agreement (Cardinal Ethanol LLC), Security Agreement (Cardinal Ethanol LLC), Security Agreement (Pasw Inc)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 4 contracts
Samples: Security Agreement (Zagg INC), Security Agreement (Zagg INC), Security Agreement (Green Plains Renewable Energy, Inc.)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, upon the occurrence and during the continuance of an Event of Default, the Secured Party may discharge taxes (other than those not yet due or being contested in good faith) and other encumbrances at any time levied or placed on any of the CollateralCollateral (other than those being contested in good faith), maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 3 contracts
Samples: Security Agreement (Earthlink Inc), Purchase Agreement (Covad Communications Group Inc), Security Agreement (Covad Communications Group Inc)
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails Debtors fail to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateralcollateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor Debtors agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor Debtors to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 2 contracts
Samples: Merger Agreement (Options Talent Group), Indemnification & Liability (Options Talent Group)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the Secured Party (as collateral agent for the Banks) may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 2 contracts
Samples: Security Agreement (Highwater Ethanol LLC), Security Agreement (One Earth Energy LLC)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 2 contracts
Samples: Security Agreement (Neutron Energy, Inc.), Security Agreement (Neutron Energy, Inc.)
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (Sun Vacation Properties Corp), Security Agreement (Western Goldfields Inc)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the or is not contesting in good faith. Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the CollateralCollateral which do not constitute Permitted Liens, maintain any of the Collateral, make repairs thereto Collateral and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on within five days of demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 2 contracts
Samples: Asset Sale and Purchase Agreement (PBF Energy Inc.), Asset Sale and Purchase Agreement (PBF Energy Inc.)
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 2 contracts
Samples: Security Agreement (Cardinal Ethanol LLC), Asset Purchase Agreement (Crown Energy Corp)
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make commercially reasonable repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof of such expenditures be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Samples: Power Purchase Agreement
Expenses Incurred by Secured Party. In the Secured Party’s 's discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on within fifteen (15) days of written demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Samples: Credit Agreement (TRANS LUX Corp)
Expenses Incurred by Secured Party. In the Secured Party’s reasonable discretion, if the Debtor fails to do so, the except in connection with a good faith dispute over taxes owed, Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall not have no any obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Samples: Security Agreement (Lime Energy Co.)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do soso following written demand from Secured Party, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto Collateral (unless being disputed in good faith) and pay any necessary filing fees or insurance premiumspremiums required hereunder. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Expenses Incurred by Secured Party. In the Secured Party’s 's -------------------------------------- discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Samples: Security Agreement (Rapidtron Inc)
Expenses Incurred by Secured Party. In the Secured Party’s 's reasonable discretion, if the any Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto Collateral and pay any necessary filing fees or insurance premiums. The Debtor Numerex agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor Debtors or any other person to make any such expenditures, nor shall the making thereof be construed as the a waiver or cure of any Default or Event of Default.
Appears in 1 contract
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor or Parent fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Each of the Parent and the Debtor agrees to reimburse the Secured Party on demand for all reasonable expenditures so made. The Secured Party shall have no obligation to the Parent or the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Samples: Asset Purchase Agreement (Greenrose Acquisition Corp.)
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances encumbrances, other than Permitted Liens, at any time levied or placed on any of the Collateral, maintain any of the Collateralcollateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Samples: Security Agreement (Virtusa Corp)
Expenses Incurred by Secured Party. In the Secured Party’s 's reasonable discretion, if the Debtor fails to do so, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto and pay any necessary filing fees or insurance premiums. The Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
Expenses Incurred by Secured Party. In the Secured Party’s discretion, if the a Debtor fails to do soso following written demand from Secured Party, the Secured Party may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, maintain any of the Collateral, make repairs thereto Collateral (unless being disputed in good faith) and pay any necessary filing fees or insurance premiumspremiums required hereunder. The Each Debtor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the a Debtor to make any such expenditures, nor shall the making thereof be construed as the waiver or cure of any Default or Event of Default.
Appears in 1 contract
