Common use of Legal Fees, Costs and Expenses Clause in Contracts

Legal Fees, Costs and Expenses. Each Guarantor further agrees to pay upon demand all out-of-pocket costs and expenses reasonably incurred by Agent or its successors or assigns in connection with enforcing any of the rights or remedies of Agent, or such successors or assigns, under or with respect to this Guaranty including, but not limited to, reasonable attorneys’ fees and the out-of-pocket expenses and disbursements of such attorneys. Any such amounts which are not paid within fifteen (15) days of demand therefor shall bear interest at the Default Rate from the date of demand until paid.

Appears in 2 contracts

Samples: Guaranty Agreement (TNP Strategic Retail Trust, Inc.), Guaranty Agreement (TNP Strategic Retail Trust, Inc.)

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Legal Fees, Costs and Expenses. Each Guarantor further agrees to pay upon demand all out-of-pocket costs and expenses reasonably incurred by Agent or its successors or assigns in connection with enforcing any of the rights or remedies of Agent, or such successors or assigns, under or with respect to this Guaranty including, but not limited to, reasonable attorneys’ fees and the out-of-pocket expenses and disbursements of such attorneys. Any such amounts which are not paid within fifteen (15) days of demand therefor shall bear interest at the Default Rate from the date of demand until paid.

Appears in 1 contract

Samples: Guaranty Agreement (Strategic Realty Trust, Inc.)

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Legal Fees, Costs and Expenses. Each Guarantor further agrees to pay upon demand all out-of-pocket costs and expenses reasonably incurred by Agent and any Lender or its any of their successors or assigns in connection with enforcing any of the rights or remedies of AgentAgent or any Lender, or such successors or assigns, under or with respect to this Guaranty including, but not limited to, reasonable attorneys’ fees and the out-of-pocket expenses and disbursements of such attorneys. Any such amounts which are not paid within fifteen (15) days of demand therefor shall bear interest at the Default Rate from the date of demand until paid.

Appears in 1 contract

Samples: Guaranty Agreement (Griffin Capital Essential Asset REIT, Inc.)

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