Proceeds of Dispositions; Expenses. The Company 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 is provided in the Credit Agreement, proper allowance and provision 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 Section 9-504(1)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
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Samples: Security Agreement (Genrad Inc)
Proceeds of Dispositions; Expenses. The Company shall pay to the Agent Bank on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Agent Bank in protecting, preserving or enforcing the AgentBank'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 is provided in the Credit AgreementBank may determine, proper allowance and provision 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 Section 9-504(1)(c504(l)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
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Proceeds of Dispositions; Expenses. The Company 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 is provided in the Credit Agreement, proper allowance and provision 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 Section 9-504(1)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Cmgi Inc)
Proceeds of Dispositions; Expenses. The Company Companies 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, cash be applied to the payment of the Obligations in such order or preference as is provided in the Credit Agreement, Agent may determine proper allowance and provision 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 Section 9-504(1)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the CompanyCompanies, and the Company Companies shall remain liable for any deficiency in the payment of the Obligations.
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Proceeds of Dispositions; Expenses. The Company shall pay to the Agent Bank on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Agent Bank in protecting, preserving or enforcing the AgentBank'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 is provided in the Credit AgreementBank may determine, proper allowance and provision 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 Section 9-504(1)(c) of the Uniform Commercial Code of the Commonwealth of MassachusettsMassachusetts UCC, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
Appears in 1 contract
Proceeds of Dispositions; Expenses. The Company shall pay to the Agent Bank on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Agent Bank in protecting, preserving or enforcing the AgentBank'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 is provided in the Credit AgreementBank may determine, proper allowance and provision 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 Section 9-504(1)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
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Proceeds of Dispositions; Expenses. The Company shall pay to the Agent Bank on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Agent Bank in protecting, preserving or enforcing the AgentBank'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 is provided in the Credit AgreementBank may determine, proper allowance and provision 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 Section 9-504(1)(c504(l)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
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Proceeds of Dispositions; Expenses. The Company shall pay to the Agent ---------------------------------- Bank on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Agent Bank in protecting, preserving or enforcing the AgentBank'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 is provided in the Credit AgreementBank may determine, proper allowance and provision 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 Section 9-504(1)(c504(l)(c) of the Uniform Commercial Code of the Commonwealth of MassachusettsMassachusetts UCC, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
Appears in 1 contract
Samples: Security Agreement (DSL Net Inc)
Proceeds of Dispositions; Expenses. The Company 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 is provided in the Credit Agreement, proper allowance and provision 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 Section 9-504(1)(c504(l)(c) of the Uniform Commercial Code of the Commonwealth of Massachusetts, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
Appears in 1 contract
Proceeds of Dispositions; Expenses. The Company shall pay to the Agent on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, reasonably 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 is provided in the Credit Agreement, proper allowance and provision 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 Section 9-504(1)(c) of the Massachusetts Uniform Commercial Code of the Commonwealth of MassachusettsCode, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Marcam Corp)
Proceeds of Dispositions; Expenses. The Company shall pay to the Agent Bank on demand any and all reasonable expenses, including reasonable attorneys' fees and disbursements, reasonably incurred or paid by the Agent Bank in protecting, preserving or enforcing the AgentBank'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 is provided in the Credit AgreementBank may determine, proper allowance and provision 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 Section 9-504(1)(c504(l)(c) of the Massachusetts Uniform Commercial Code of the Commonwealth of MassachusettsCode, any excess shall be returned to the Company, and the Company shall remain liable for any deficiency in the payment of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Marcam Corp)