Common use of Fees and Expenses of Collateral Agent Clause in Contracts

Fees and Expenses of Collateral Agent. (a) Each Assignor (by its execution and delivery hereof) hereby agrees that it shall pay to Bankers Trust Company as the initial Collateral Agent, such fees as have been separately agreed to in writing with Bankers Trust Company for acting as Administrative Agent and as Collateral Agent hereunder. In the event a successor Collateral Agent is at any time appointed pursuant to the preceding Section 10.9, each Assignor hereby agrees to pay such successor Collateral Agent such fees for acting as such as would customarily be charged by such Collateral Agent for acting in such capacity in similar situations. Absent manifest error, the determination by a successor Collateral Agent of the fees owing to it shall be conclusive and binding upon such Assignor. (b) In addition, each Assignor agrees to pay all reasonable out-of-pocket costs and expenses of the Collateral Agent in connection with this Agreement and any actions taken by the Collateral Agent hereunder, and agrees to pay all costs and expenses of the Collateral Agent in connection with the enforcement of this Agreement and the documents and instruments referred to herein (including, without limitation, reasonable fees and disbursements of counsel for the Collateral Agent).

Appears in 3 contracts

Samples: Security Agreement, Security Agreement (Universal Compression Holdings Inc), Security Agreement (Universal Compression Inc)

AutoNDA by SimpleDocs

Fees and Expenses of Collateral Agent. (a) Each The Assignor (by its execution and delivery hereof) hereby agrees that it shall pay to Bankers Trust Company as the initial original Collateral Agent, such fees as have been separately agreed to in writing with Bankers Trust Company for acting as Administrative Agent and as Collateral Agent hereunder. In the event a successor Collateral Agent is at any time appointed pursuant to the preceding Section 10.9, each the Assignor hereby agrees to pay such successor Collateral Agent such fees for acting as such as would customarily be charged by such Collateral Agent for acting in such capacity in similar situations. Absent manifest error, the determination by a successor Collateral Agent of the fees owing to it shall be conclusive and binding upon such the Assignor. (b) In addition, each the Assignor agrees to pay all reasonable out-of-pocket costs and expenses of the Collateral Agent in connection with this Agreement and any actions taken by the Collateral Agent hereunder, and agrees to pay all costs and expenses of the Collateral Agent in connection with the enforcement of this Agreement and the documents and instruments referred to herein (including, without limitationlimita tion, reasonable fees and disbursements of counsel for the Collateral Agent).

Appears in 1 contract

Samples: Credit Agreement (Ithaca Industries Inc)

Fees and Expenses of Collateral Agent. (a) Each Assignor (by its execution and delivery hereof) hereby agrees that it shall jointly and severally to pay to Bankers Trust Company as the initial original Collateral Agent, such fees as have been separately agreed to in writing with Bankers Trust Company for acting as Administrative Agent and as Collateral Agent hereunder. In the event a successor Collateral Agent is at any time appointed pursuant to the preceding Section 10.9, each Assignor hereby agrees jointly and severally to pay such successor Collateral Agent such fees for acting as such as would customarily be charged by such Collateral Agent for acting in such capacity in similar situations. Absent manifest error, the determination by a successor Collateral Agent of the fees owing to it shall be conclusive and binding upon such each Assignor. (b) In addition, each Assignor agrees jointly and severally to pay all reasonable out-of-pocket costs and expenses of the Collateral Agent in connection with this Agreement and any actions taken by the Collateral Agent hereunder, and agrees jointly and severally to pay all costs and expenses of the Collateral Agent in connection with the enforcement of this Agreement and the documents and instruments referred to herein (including, without limitation, reasonable fees and disbursements of counsel for the Collateral Agent).

Appears in 1 contract

Samples: Security Agreement (Menasco Aerosystems Inc)

Fees and Expenses of Collateral Agent. (a) Each Assignor In addition to the indemnification provisions contained in the various Shared Security Documents, the Borrower (by its execution and delivery hereof) hereby agrees that it shall pay to Bankers Trust Company The Bank of New York, as the initial Collateral Agent, such fees as have been separately agreed to in writing with Bankers Trust Company The Bank of New York for acting as Administrative Agent and as Collateral Agent hereunderhereunder and under the Shared Security Documents. In the event a successor Collateral Agent is at any time appointed pursuant to Section 9 of this Agreement, the preceding Section 10.9, each Assignor Borrower hereby agrees to pay such successor Collateral Agent such reasonable fees for acting as such as would customarily be charged by such Collateral Agent for acting in such capacity in similar situations. Absent manifest error, the determination by a successor Collateral Agent of the fees owing to it shall be conclusive and binding upon such Assignor. (b) In addition, each Assignor the Borrower, by its execution and delivery hereof, agrees to pay all reasonable out-of-pocket costs and expenses of the Collateral Agent in connection with this Agreement and the Shared Security Documents and any actions taken by the Collateral Agent hereunderhereunder or thereunder, and agrees to pay all costs and expenses of the Collateral Agent in connection with the enforcement of this Agreement or any of the Shared Security Documents and the documents and instruments referred to herein therein (including, without limitation, reasonable fees and disbursements of counsel for the Collateral Agent).

Appears in 1 contract

Samples: Intercreditor Agreement (JCC Holding Co)

AutoNDA by SimpleDocs

Fees and Expenses of Collateral Agent. (a) Each Assignor (by its execution and delivery hereof) hereby agrees that it shall pay to Bankers Trust Company as the initial Collateral Agent, such fees as have been separately agreed to in writing with Bankers Trust Company for acting as Administrative Agent and as Collateral Agent hereunder. In the event a successor Collateral Agent is at any time appointed pursuant to the preceding Section 10.9, each Assignor hereby agrees to pay such successor Collateral Agent such fees for acting as such as would customarily be charged by such Collateral Agent for acting in such capacity in similar situations. Absent manifest error, the determination by a successor Collateral Agent of the fees owing to it shall be conclusive and binding upon such Assignor. (b) In addition, each Assignor agrees to pay all reasonable out-of-pocket costs and expenses of the Collateral Agent in connection with this Agreement and any actions taken by the Collateral Agent hereunder, and agrees to pay all costs and expenses of the Collateral Agent in connection with the enforcement of this Agreement and the documents and instruments referred to herein (including, without limitation, reasonable fees and disbursements of counsel for the Collateral Agent).

Appears in 1 contract

Samples: Security Agreement (Universal Compression Holdings Inc)

Fees and Expenses of Collateral Agent. (a) Each The Assignor (by its execution and delivery hereof) hereby agrees that it shall pay to Bankers Trust Company as the initial original Collateral Agent, such fees as have been separately agreed to in writing with Bankers Trust Company for acting as Administrative Agent and as Collateral Agent hereunder. In the event a successor Collateral Agent is at any time appointed pursuant to the preceding Section 10.9, each the Assignor hereby agrees to pay such successor Collateral Agent such fees for acting as such as would customarily be charged by such Collateral Agent for acting in such capacity in similar situations. Absent manifest error, the determination by a successor Collateral Agent of the fees owing to it shall be conclusive and binding upon such the Assignor. (b) In addition, each the Assignor agrees to pay all reasonable out-of-pocket costs and expenses of the Collateral Agent in connection with this Agreement and any actions taken by the Collateral Agent hereunder, and agrees to pay all costs and expenses of the Collateral Agent in connection with the enforcement of this Agreement and the documents and instruments referred to herein (including, without limitation, reasonable fees and disbursements of counsel for the Collateral Agent).

Appears in 1 contract

Samples: Security Agreement (Menasco Aerosystems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!