Common use of Expenses Incurred by Secured Party Clause in Contracts

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 (World Waste Technologies Inc), Contract for the Purchase of Corporate Office and Use of Client Information (Itex Corporation), Contract for the Purchase of Corporate Office and Use of Client Information (Itex Corporation)

AutoNDA by SimpleDocs

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: 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 5 contracts

Samples: Security Agreement (Cardinal Ethanol LLC), Security Agreement (Cardinal Ethanol LLC), Security Agreement (Cardinal Ethanol LLC)

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 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, 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 (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 (One Earth Energy LLC), Security Agreement (Highwater Ethanol 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: 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 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 ’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 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 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 ’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 ’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

Samples: Mortgage Warehousing Agreement (Intuit Inc)

Expenses Incurred by Secured Party. In the Secured Party's ’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

Samples: Mortgage Warehousing Agreement (Intuit 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 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)

AutoNDA by SimpleDocs

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 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

Samples: Security Agreement (Netfran Development Corp)

Expenses Incurred by Secured Party. In the Secured Party'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

Samples: Security Agreement (Numerex Corp /Pa/)

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, in each case if a Grantor fails to do so after written notice by Secured Party. The Debtor Each Grantor agrees to reimburse the Secured Party on demand for all documented expenditures so made. The Secured Party shall have no obligation to the Debtor any Grantor 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

Samples: Security Agreement (Gse Systems Inc)

Expenses Incurred by Secured Party. In the Secured Party's ’s discretion, if the Debtor any Grantor 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 Each Grantor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor Grantor 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 (Crown Media Holdings Inc)

Expenses Incurred by Secured Party. In the Secured Party'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

Samples: Security Agreement (Coactive Marketing Group 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 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 -------------------------------------- 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 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 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, in each case if the Grantor fails to do so. The Debtor Grantor agrees to reimburse the Secured Party on demand for all expenditures so made. The Secured Party shall have no obligation to the Debtor Grantor to make any such expenditures, nor shall the making thereof be construed as the a waiver or cure of any Loan Default or Event of DefaultEvent.

Appears in 1 contract

Samples: Security Agreement (Clean Energy Fuels Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!