Common use of Expenses of Enforcement, Etc Clause in Contracts

Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence of a Default under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Guarantors agree to reimburse the Administrative Agent and the Holders of Secured Obligations for any costs and out-of-pocket expenses (including reasonable attorneys’ fees and time charges of attorneys for the Administrative Agent and the Holders of Secured Obligations), paid or incurred by the Administrative Agent or any Holders of Secured Obligations in connection with the collection and enforcement of amounts due under the Loan Documents, including without limitation this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the Holders of Secured Obligations on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 4 contracts

Samples: Guaranty (Encore Capital Group Inc), Guaranty (Abx Air Inc), Guaranty (Encore Capital Group Inc)

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Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence if an Event of a Default has occurred and is continuing under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed ObligationsIndebtedness. The Guarantors agree to reimburse the Administrative Agent and the Holders of Secured Obligations Parties for any costs and out-of-pocket expenses (including reasonable attorneys' fees and time charges of attorneys for the Administrative Agent and the Holders Secured Parties, which attorneys may be employees of the Administrative Agent or the Secured Obligations), Parties) paid or incurred by the Administrative Agent or any Holders of Secured Obligations Party in connection with the collection and enforcement of amounts due under the Loan Documents, including without limitation this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the Holders of Secured Obligations Parties on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Guaranty (Quest Resource Corp), Guaranty (Quest Resource Corp)

Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence of a Default under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Guarantors agree to reimburse the Administrative Agent and the other Holders of Secured Guaranteed Obligations for any costs and out-of-pocket expenses (including reasonable attorneys’ fees and time charges of attorneys for the Administrative Agent and the Holders of Secured ObligationsLenders), paid or incurred by the Administrative Agent or any Holders other Holder of Secured Guaranteed Obligations in connection with the collection and enforcement of amounts due under the Loan Documents, including without limitation this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the other Holders of Secured Guaranteed Obligations on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 2 contracts

Samples: Term Credit Agreement (Stepan Co), Credit Agreement (Stepan Co)

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Expenses of Enforcement, Etc. Subject to the terms of the Credit Agreement, after the occurrence of a an Event of Default under the Credit Agreement, the Lenders shall have the right at any time to direct the Administrative Agent to commence enforcement proceedings with respect to the Guaranteed Obligations. The Guarantors agree to reimburse the Administrative Agent and the Holders of Secured Obligations for any costs and out-of-pocket expenses (including reasonable attorneys’ fees and time charges of attorneys for the Administrative Agent and the Holders of Secured Obligations), which attorneys may be employees of the Administrative Agent or the Holders of Secured Obligations) paid or incurred by the Administrative Agent or any Holders of Secured Obligations in connection with the collection and enforcement of amounts due under the Loan Documents, including including, without limitation limitation, this Guaranty. The Administrative Agent agrees to distribute payments received from any of the Guarantors hereunder to the Holders of Secured Obligations on a pro rata basis for application in accordance with the terms of the Credit Agreement.

Appears in 1 contract

Samples: Guaranty (Priceline Com Inc)

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