Common use of EXPENSES; INTEREST Clause in Contracts

EXPENSES; INTEREST. All costs and expenses (including reasonable attorneys’ fees and expenses) incurred by Secured Party in connection with exercising any actions taken under Article 5, together with interest thereon (to the extent permitted by law) computed at a rate of 10% per annum (or if less, the maximum rate permitted by law) from the date on which such costs or expenses are invoiced to and become payable by Company, to the date of payment thereof, shall constitute part of the Obligations secured by this Agreement and shall be paid by Company to Secured Party within 10 days after written demand.

Appears in 8 contracts

Samples: Security Agreement (CrowdGather, Inc.), Security Agreement (CrowdGather, Inc.), Security Agreement (Sur Ventures, Inc.)

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EXPENSES; INTEREST. All costs and expenses (including reasonable attorneys’ fees and expenses) incurred by each Secured Party in connection with exercising any actions taken under Article 5, together with interest thereon (to the extent permitted by law) computed at a rate of 10% per annum (or if less, the maximum rate permitted by law) from the date on which such costs or expenses are invoiced to and become payable by CompanySutura, to the date of payment thereof, shall constitute part of the Obligations secured by this Agreement and shall be paid by Company Sutura to each such Secured Party within 10 days after written demand.

Appears in 5 contracts

Samples: Fourth Amended Security Agreement (Sutura, Inc.), Third Amended Security Agreement (Sutura, Inc.), Fifth Amended Security Agreement (Sutura, Inc.)

EXPENSES; INTEREST. All costs and expenses (including reasonable attorneys' fees and expenses) incurred by Secured Party in connection with exercising any actions taken under Article 5, together with interest thereon (to the extent permitted by law) computed at a rate of 10% per annum (or if less, the maximum rate permitted by law) from the date on which such costs or expenses are invoiced to and become payable by Company, to the date of payment thereof, shall constitute part of the Obligations secured by this Agreement and shall be paid by Company to Secured Party within 10 days after written demand.

Appears in 3 contracts

Samples: Security Agreement (CrowdGather, Inc.), Security Agreement (CrowdGather, Inc.), Security Agreement (CrowdGather, Inc.)

EXPENSES; INTEREST. All costs and expenses (including reasonable attorneys’ fees and expenses) incurred by each Secured Party in connection with exercising any actions taken under Article 5, together with interest thereon (to the extent permitted by law) computed at a rate of 10% per annum (or if less, the maximum rate permitted by law) from the date on which such costs or expenses are invoiced to and become payable by the Company, to the date of payment thereof, shall constitute part of the Obligations secured by this Agreement and shall be paid by the Company to each such Secured Party within 10 days after written demand.

Appears in 1 contract

Samples: Amended Security Agreement (Equitex Inc)

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EXPENSES; INTEREST. All costs and expenses (including reasonable attorneys’ fees and expenses) incurred by Secured Party in connection with exercising any actions taken under Article 5, together with interest thereon (to the extent permitted by law) computed at a rate of 10% per annum (or if less, the maximum rate permitted by law) from the date on which such costs or expenses are invoiced to and become payable by Company, to the date of payment thereof, shall constitute part of the Obligations secured by this Agreement and shall be paid by Company to Secured Party within 10 ten (10) days after written demand.

Appears in 1 contract

Samples: Security Agreement (Alamo Energy Corp.)

EXPENSES; INTEREST. All costs and expenses (including reasonable attorneys’ fees and expenses) incurred by Secured Party in connection with exercising any actions taken under Article 5, together with interest thereon (to the extent permitted by law) computed at a rate of 10% per annum (or if less, the maximum rate permitted by law) from the date on which such costs or expenses are invoiced to and become payable by CompanyWits Basin, to the date of payment thereof, shall constitute part of the Obligations secured by this Agreement and shall be paid by Company Wits Basin to Secured Party within 10 days after written demand.

Appears in 1 contract

Samples: Security Agreement (Wits Basin Precious Minerals Inc)

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