Common use of Expenses Incurred by Secured Party Clause in Contracts

Expenses Incurred by Secured Party. If Pledgor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by the Pledgor to the Secured Parties on demand and will constitute Obligations secured by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Medite Cancer Diagnostics, Inc.), Security Agreement (Medite Cancer Diagnostics, Inc.)

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Expenses Incurred by Secured Party. If Pledgor fails fail to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by the Pledgor to the Secured Parties on demand and will constitute Obligations secured by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Youngevity International, Inc.), Security Agreement (Youngevity International, Inc.)

Expenses Incurred by Secured Party. If either the Company or Pledgor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by the Company or Pledgor to the Secured Parties on demand and will constitute Obligations secured by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Youngevity International, Inc.)

Expenses Incurred by Secured Party. If Pledgor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by the Pledgor to the Secured Parties on demand and will constitute Obligations secured by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Youngevity International, Inc.)

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Expenses Incurred by Secured Party. If either Pledgor fails to perform or comply with any of its agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by the respective Pledgor to the Secured Parties on demand and will constitute Obligations secured by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Redwood Scientific Technologies, Inc.)

Expenses Incurred by Secured Party. If Pledgor fails Pledgors fail to perform or comply with any of its their agreements or covenants contained in this Agreement, and Secured Party performs or complies, or otherwise causes performance or compliance, with such agreement or covenant in accordance with the terms of this Agreement, then the reasonable expenses of Secured Party incurred in connection with such performance or compliance will be payable by the Pledgor to the Secured Parties on demand and will constitute Obligations secured by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Youngevity International, Inc.)

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