Common use of Expenses of Agent and Lenders Clause in Contracts

Expenses of Agent and Lenders. At the Closing and from time to time thereafter, the Borrower will pay all reasonable expenses of the Agent on demand (including, without limitation, search costs, audit fees, appraisal fees, environmental fees and the reasonable fees and expenses of legal counsel for the Agent) relating to the closing of this Agreement, and all related agreements and documents, including, without limitation, closing, enforcement of this Agreement and the other Loan Documents, the enforcement, protection and defense of the rights of the Agent and the Lenders in and to the Loans and the Collateral or otherwise hereunder, and any expenses relating to extensions, amendments, waivers or consents pursuant to the provisions hereof, or any related agreements and documents or relating to agreements with other creditors, or termination of this Agreement. The Borrower further agrees to pay, or reimburse the Lenders for, all reasonable out-of-pocket costs and expenses, including without limitation attorneys’ fees (including the allocated costs of in-house counsel), incurred in connection with the enforcement, protection and defense of their rights in and to the Loans and the Collateral or otherwise hereunder, following acceleration of the Obligations after the occurrence of an Event of Default hereunder or following the failure to repay the Obligations in full upon maturity. Collectively all of the foregoing are referred to as the "Expenses."

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Expenses of Agent and Lenders. At the Closing and from time to time ----------------------------- thereafter, the Borrower will pay all reasonable expenses of the Agent on demand (including, without limitation, search costs, audit fees, appraisal fees, environmental fees and the reasonable fees and expenses of legal counsel for the Agent) relating to the closing of this Agreement, and all related agreements and documents, including, without limitation, expenses incurred in the analysis, negotiation, preparation, closing, administration, enforcement of this Agreement and the other Loan Documents, the enforcement, protection and defense of the rights of the Agent and the Lenders in and to the Loans and the Collateral or otherwise hereunder, and any expenses relating to extensions, amendments, waivers or consents pursuant to the provisions hereof, or any related agreements and documents or relating to agreements with other creditors, or termination of this Agreement. The Borrower Borrowers further agrees agree to pay, or reimburse the Lenders for, all reasonable out-of-pocket costs and expenses, including without limitation attorneys’ fees (including the allocated costs of in-house counsel)' fees, incurred in connection with the enforcement, protection and defense of their rights in and to the Loans and the Collateral or otherwise hereunder, following acceleration of the Obligations after the occurrence of an Event of Default hereunder or following the failure to repay the Obligations in full upon maturityhereunder. Collectively all of the foregoing are referred to as the "Expenses."

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

Expenses of Agent and Lenders. At the Closing and from time to time thereafter, the Borrower will pay all reasonable expenses of the Agent on demand (including, without limitation, search costs, audit fees, appraisal fees, environmental fees and the reasonable fees and expenses of legal counsel for the Agent) relating to the closing of this Agreement, and all related agreements and documents, including, without limitation, closing, enforcement of this Agreement and the other Loan Documents, the enforcement, protection and defense of the rights of the Agent and the Lenders in and to the Loans and the Collateral or otherwise hereunder, and any expenses relating to extensions, amendments, waivers or consents pursuant to the provisions hereof, or any related agreements and documents or relating to agreements with other creditors, or termination of this Agreement. The Borrower further agrees to pay, or reimburse the Lenders for, all reasonable out-of-pocket costs and expenses, including without limitation attorneys' fees (including the allocated costs of in-house counsel), incurred in connection with the enforcement, protection and defense of their rights in and to the Loans and the Collateral or otherwise hereunder, following acceleration of the Obligations after the occurrence of an Event of Default hereunder or following the failure to repay the Obligations in full upon maturity. Collectively all of the foregoing are referred to as the "Expenses."

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Expenses of Agent and Lenders. At the Closing and from time to time thereafter, the Borrower will pay all reasonable expenses of the Agent on demand (including, without limitation, search costs, audit fees, appraisal fees, environmental fees and the reasonable fees and expenses of legal counsel for the Agent) relating to the closing of this Agreement, and all related agreements and documents, including, without limitation, expenses incurred in the analysis, negotiation, preparation, closing, administration, enforcement of this Agreement and the other Loan Documents, the enforcement, protection and defense of the rights of the Agent and the Lenders in and to the Loans and the Collateral or otherwise hereunder, and any expenses relating to extensions, amendments, waivers or consents pursuant to the provisions hereof, or any related agreements and documents or relating to agreements with other creditors, or termination of this Agreement. The Borrower further agrees to pay, or reimburse the Lenders for, all reasonable out-of-pocket costs and expenses, including without limitation attorneys’ fees (including the allocated costs of in-house counsel)' fees, incurred in connection with the enforcement, protection and defense of their rights in and to the Loans and the Collateral or otherwise hereunder, following acceleration of the Obligations after the occurrence of an Event of Default hereunder or following the failure to repay the Obligations in full upon maturityhereunder. Collectively all of the foregoing are referred to as the "Expenses."

Appears in 1 contract

Samples: Loan and Security Agreement (Ecc International Corp)

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