Common use of Proceeds of Dispositions; Expenses Clause in Contracts

Proceeds of Dispositions; Expenses. Each Grantor shall pay to the Agent on demand any and all reasonable expenses, including reasonable attorneys’ fees and disbursements, incurred or paid by the Agent in protecting, preserving or enforcing the Agent’s rights under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale of the Obligations or Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Agent may determine, pro rata among the Holders, proper allowance being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608 and 9-615 of the UCC, any excess shall be returned to the applicable Grantor, and each Grantor shall remain liable for any deficiency in the payment of the Obligations.

Proceeds of Dispositions; Expenses. Each Grantor The Issuer shall pay to the Agent on demand any and all reasonable expenses, including reasonable attorneys’ fees and disbursements, incurred or paid by the Agent in protecting, preserving or enforcing the Agent’s rights under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale of the Obligations or Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Agent may determine, pro rata among the Holders, proper allowance being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608 and 9-615 of the UCC, any excess shall be returned to the applicable GrantorIssuer, and each Grantor the Issuer shall remain liable for any deficiency in the payment of the Obligations.

Proceeds of Dispositions; Expenses. Each Grantor The Guarantor shall pay to the Agent on demand any and all reasonable expenses, including reasonable attorneys’ fees and disbursements, incurred or paid by the Agent in protecting, preserving or enforcing the Agent’s rights under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale of the Obligations or Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Agent may determine, pro rata among the Holders, proper allowance being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608 and 9-615 of the UCC, any excess shall be returned to the applicable GrantorGuarantor, and each Grantor the Guarantor shall remain liable for any deficiency in the payment of the Obligations.