Common use of Liquidation Costs Clause in Contracts

Liquidation Costs. Borrower shall reimburse and pay to Lender upon demand all Liquidation Costs, including without limitation attorneys’ fees and expenses, advanced, incurred by, or on behalf of Lender in collecting and enforcing the Liabilities and the Loan Documents. All Liquidation Costs shall bear interest payable by Borrower to Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal the default rate of interest described in the Note.

Appears in 2 contracts

Samples: Loan Agreement (Axion International Holdings, Inc.), Loan and Security Agreement (Tactical Solution Partners, Inc.)

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Liquidation Costs. The Borrower shall reimburse and pay to the Lender upon demand all Liquidation Costs, including without limitation attorneys’ fees and expenses, advanced, incurred by, or on behalf of Lender in collecting and enforcing the Liabilities and the Loan Documents. All Liquidation Costs shall bear interest payable by the Borrower to the Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal at all times to the default then highest rate of interest described in charged on the Noteprincipal of any of the Liabilities, plus one percent (1%) per annum.

Appears in 1 contract

Samples: Loan Agreement (Fletcher Challenge Forests LTD)

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Liquidation Costs. Borrower The Company shall reimburse and pay to Lender upon demand all Liquidation Costs, including without limitation reasonable attorneys’ fees and expenses, advanced, incurred by, or on behalf of Lender in collecting and enforcing the Liabilities and the Loan DocumentsLiabilities. All Liquidation Costs shall bear interest payable by Borrower the Company to Lender upon demand from the date advanced or incurred until paid in full at a per annum rate of interest equal the default rate of interest described in the Note.

Appears in 1 contract

Samples: Security Agreement (Water Now, Inc.)

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