Expenses of Borrower. All expenses in protecting, storing, warehousing, insuring, handling, and shipping of the Collateral, all costs of keeping the Collateral free of liens, encumbrances and security interests (other than the security interest created by this Agreement) and the removing of the same and all excise, property, sales, and use taxes imposed by state, federal, or local authority on any of the Collateral or with respect to the sale thereof, shall be borne and paid for by Borrower and if Borrower fails to promptly pay any amounts thereof when due, Lender may, at its option, but shall not be required to, pay the same, and upon such payment the same shall constitute obligations and shall bear interest at the rate specified in the Note and shall be secured by the security interests granted hereunder.
Expenses of Borrower. Guarantor shall reimburse Bank for (a) any and all costs or expenses incurred by or on behalf of Bank (including, without limitation, any legal fees and expenses of Bank’s in-house or outside counsel and any fees and expenses incurred by any auditor or in connection with any audit) in the preparation and consummation of this Guaranty and any amendment, waiver or consent relating hereto or thereto and (b) any and all costs or expenses incurred by or on behalf of Bank (including, without limitation, any fees and expenses of Bank’s in-house or outside counsel or any fees or expenses incurred by any auditor or in connection with any audit) in the administration, protection of rights under, and/or enforcement of, this Guaranty.
Expenses of Borrower. Guarantor shall reimburse Bank for any and all costs or expenses incurred by or on behalf of Bank (including, without limitation, any reasonable legal fees and expenses of Bank’s in-house or outside counsel and any fees and expenses incurred by any auditor or in connection with any audit) in the preparation and consummation of this Guaranty.
Expenses of Borrower. Wherever this Assignment requires Borrower to pay any expenses, such expenses shall include reasonable legal fees and disbursements of Lender, whether with respect to retained firms, the reimbursement of the expenses for in-house staff, or otherwise.
