Expenses of the Agent and the Lenders Sample Clauses
The "Expenses of the Agent and the Lenders" clause defines which costs incurred by the agent and lenders in connection with the agreement are to be reimbursed by the borrower. Typically, this includes reasonable legal fees, administrative expenses, and other out-of-pocket costs related to the negotiation, administration, or enforcement of the loan. By clearly allocating responsibility for these expenses, the clause ensures that the agent and lenders are not financially disadvantaged for actions taken to protect their interests or manage the loan, thereby reducing disputes over cost responsibility.
Expenses of the Agent and the Lenders. The Guarantor agrees to pay all reasonable and necessary out-of-pocket expenses incurred by the Agent and the Lenders in connection with the enforcement or protection of its rights or the rights of the Agent and the Lenders generally in connection with the Guaranty including, but not limited to, the reasonable fees and disbursements of counsel for the Agent and the Lenders.
Expenses of the Agent and the Lenders. The Borrower agrees to pay, ON DEMAND, all reasonable costs and expenses actually incurred by the Agent and the Lenders in connection with the preparation, negotiation and execution of this Amendment and any other Loan Documents executed pursuant hereto and any and all amendments, modifications, and supplements thereto, including, without limitation, the reasonable costs and fees of the Agent's and the Lenders' legal counsel actually incurred and any taxes or expenses associated with or incurred in connection with any instrument or agreement referred to herein or contemplated hereby.
Expenses of the Agent and the Lenders. On the Closing Date, Borrower shall have paid all fees and expenses incurred by the Agent and the Lenders in connection herewith as to which the Agent shall have advised Borrower at least five (5) Business Days prior to the Closing Date.