Common use of Legal Fees for Enforcement Clause in Contracts

Legal Fees for Enforcement. After the occurrence and during the continuance of an Event of Default, Mortgagor shall pay to Mortgagee on demand any and all reasonable and documented out-of-pocket expenses, including legal expenses and attorneys’ fees, incurred or paid by Mortgagee in protecting its interest in the Property or in collecting any amount payable hereunder or in enforcing its rights hereunder and/or any other Loan Document with respect to the Property (including commencing any foreclosure action), whether or not any legal proceeding is commenced hereunder or thereunder, together with interest thereon at the “Default Interest” rate (as specified in Section 2.5(d) of the Credit Agreement) from the date paid or incurred by Mortgagee until such expenses are paid by Mortgagor. The phrases “legal expenses” and “attorneys’ fees” shall include any and all reasonable and actual attorneys’, paralegal and law clerk fees and disbursements, including, but not limited to, fees and disbursements at the pre-trial, trial and appellate levels incurred or paid by Mortgagee in protecting its interest in the Property, the Subleases and the Rents and enforcing its rights hereunder after the occurrence and during the continuance of an Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Cig Wireless Corp.), Credit Agreement (Cig Wireless Corp.)

AutoNDA by SimpleDocs

Legal Fees for Enforcement. After the occurrence and during the continuance of an Event of Default, Mortgagor Trustor shall pay to Mortgagee Beneficiary on demand any and all reasonable and documented out-of-pocket expenses, including legal expenses and attorneys’ fees, incurred or paid by Mortgagee Beneficiary in protecting its interest in the Property or in collecting any amount payable hereunder or in enforcing its rights hereunder and/or any other Loan Document with respect to the Property (including commencing any foreclosure action), whether or not any legal proceeding is commenced hereunder or thereunder, together with interest thereon at the “Default Interest” rate (as specified in Section 2.5(d) of the Credit Agreement) from the date paid or incurred by Mortgagee Beneficiary until such expenses are paid by MortgagorTrustor. The phrases “legal expenses” and “attorneys’ fees” shall include any and all reasonable and actual attorneys’, paralegal and law clerk fees and disbursements, including, but not limited to, fees and disbursements at the pre-trialpretrial, trial and appellate levels incurred or paid by Mortgagee Beneficiary in protecting its interest in the Property, the Subleases and the Rents and enforcing its rights hereunder after the occurrence and during the continuance of an Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Cig Wireless Corp.), Credit Agreement (Cig Wireless Corp.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.