Regarding Attorney Fees Sample Clauses

Regarding Attorney Fees. StormTel has agreed to pay the attorney fees incurred in connection with the negotiation and drafting of this Agreement, and BusinessMall and TheYPD have agreed to contribute Fifteen Thousand Dollars ($15,000.00) to StormTel towards the payment of such fees. In full satisfaction of this obligation, BusinessMall and TheYPD agree to execute and deliver simultaneously with the execution of this Agreement, the unsecured promissory note in the principal sum of Fifteen Thousand Dollars ($15,000.00) attached hereto as Exhibit "K-2" and incorporated herein by reference. The $275,000.00 Promissory Note, the $20,000.00 Promissory Note, the $5,000.00 Promissory Note, and the $15,000.00 Promissory Note referenced in Section 8a, 8b, 8c and 8d hereinabove are hereinafter referred to as the "Settlement Notes." The Property Note is not included in the definition of "Settlement Notes". Except for the Fifteen Thousand Dollar ($15,000.00) unsecured Settlement Note payable to StormTel, each of the Settlement Notes is secured by a lien on all of the assets of BusinessMall and TheYPD. BusinessMall and TheYPD have previously executed Security Agreements in favor of CCC and ForcedMatrix, which secure all existing and future indebtedness, including the indebtedness evidenced by the Settlement Notes in favor of CCC and ForcedMatrix. Simultaneously with the execution of this Agreement, BusinessMall and TheYPD shall execute and deliver to ITS Security Agreements attached hereto as Exhibit "L"and Exhibit "M" and incorporated herein by reference, securing the Settlement Note executed in favor of ITS and any other indebtedness of BusinessMall and TheYPD to ITS. Simultaneously with the execution of this Agreement, BusinessMall and TheYPD shall execute and deliver to ITS UCC-1 Financing Statements in favor of ITS, in the form and content set forth in Exhibit "N" and Exhibit "O," attached hereto and incorporated herein by reference. If the Original Notes, the Compensation Note, the Rent Note and the Property Note are paid in full on or before March 15, 2001 then the Settlement Notes will be forgiven and canceled and UCC-3's releasing these security interests will be signed and delivered to BusinessMall and TheYPD for filing. If the Original Notes, the Compensation Note, the Rent Note and the Property Note are not paid in full by March 15, 2001, then the Settlement Notes shall not be forgiven and shall be due and payable in accordance with the terms of such Settlement Notes.
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Related to Regarding Attorney Fees

  • Attorney Fees If any legal action or any arbitration or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in connection with any of the provisions of the Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs incurred in that action or proceeding, in addition to any other relief to which it may be entitled.

  • Attorney Fees and Costs In the event of a lawsuit or litigation concerning this Lease or enforcement of this Lease the prevailing party shall be entitled to reasonable attorney fees and costs. This will also cover appellant fees and appellant costs.

  • Attorney Fees, Costs and Expenses The Company shall promptly reimburse Employee, on a monthly basis, for the reasonable attorney fees, costs and expenses incurred by the Employee in connection with any action brought by Employee to enforce his rights hereunder, regardless of the outcome of the action.

  • Reviewed by Attorneys Each Obligor represents and warrants to the Lenders that it (a) understands fully the terms of this Agreement and the consequences of the execution and delivery of this Agreement, (b) has been afforded an opportunity to have this Agreement reviewed by, and to discuss this Agreement and any documents executed in connection herewith with, such attorneys and other persons as Obligors may wish, and (c) has entered into this Agreement and executed and delivered all documents in connection herewith of its own free will and accord and without threat, duress or other coercion of any kind. The parties hereto acknowledge and agree that neither this Agreement nor the other documents executed pursuant hereto shall be construed more favorably in favor of one than the other based upon which party drafted the same, it being acknowledged that all parties hereto contributed substantially to the negotiation and preparation of this Agreement and the other documents executed pursuant hereto or in connection herewith.

  • Expenses; Attorneys’ Fees The prevailing party shall be awarded all costs and expenses of the proceeding, including, but not limited to, attorneys’ fees, filing and service fees, witness fees, and arbitrators’ fees. If arbitration is commenced, the arbitrator will have full authority and complete discretion to determine the “prevailing party” and the amount of costs and expenses to be awarded.

  • Costs and Attorneys’ Fees In the event that any action, suit or other proceeding is instituted concerning or arising out of this Agreement or any transaction contemplated hereunder, the prevailing party shall recover all of such party’s costs and attorneys’ fees incurred in each such action, suit or other proceeding, including any and all appeals or petitions therefrom.

  • Expenses and Attorneys’ Fees Whether or not the transactions contemplated hereby shall be consummated, the Borrowers agree to promptly pay all reasonable fees, costs and expenses incurred by Lender in connection with any matters contemplated by or arising out of this Loan Agreement, including the following, and all such fees, costs and expenses shall be part of the Obligations, payable on demand: (A) reasonable fees, costs and expenses (including reasonable attorneys' fees, and other professionals retained by Lender) incurred in connection with the examination, review, due diligence investigation, documentation and closing of the financing arrangements evidenced by the Loan Documents; (B) subject to Section 10.2, reasonable fees, costs and expenses (including reasonable attorneys' fees and other professionals retained by Lender) incurred in connection with the administration of the Loan Documents and the Loan and any amendments, modifications and waivers relating thereto; (C) subject to Section 10.2, reasonable fees, costs and expenses (including reasonable attorneys' fees) incurred in connection with the review, documentation, negotiation, closing and administration of any subordination or intercreditor agreements; and (D) reasonable fees, costs and expenses (including reasonable attorneys' fees and fees of other professionals retained by Lender) incurred in any action to enforce or interpret this Loan Agreement or the other Loan Documents or to collect any payments due from the Borrowers under this Loan Agreement, the Note or any other Loan Document or incurred in connection with any refinancing or restructuring of the credit arrangements provided under this Loan Agreement, whether in the nature of a "workout" or in connection with any insolvency or bankruptcy proceedings or otherwise. Any costs and expenses due and payable to Lender after the Closing Date may be paid to Lender pursuant to the Cash Management Agreement.

  • Agreement to Pay Attorneys' Fees and Expenses In the event Company should default under any of the provisions of this Agreement and Issuer and/or Trustee should employ attorneys or incur other expenses for the collection of amounts payable hereunder or the enforcement of performance or observance of any obligation or agreement on the part of Company herein contained, Company agrees that it will on demand therefor pay to Issuer and/or Trustee the reasonable fees and expenses of such attorneys and such other reasonable expenses so incurred by Issuer and/or Trustee.

  • Litigation and Attorneys' Fees Borrower will pay promptly to Bank upon demand, reasonable attorneys' fees (including but not limited to the reasonable estimate of the allocated costs and expenses of in-house legal counsel and legal staff) and all costs and other expenses paid or incurred by Bank in collecting, modifying or compromising the Loan or in enforcing or exercising its rights or remedies created by, connected with or provided for in this Agreement or any of the Loan Documents, whether or not an arbitration, judicial action or other proceeding is commenced. If such proceeding is commenced, only the prevailing party shall be entitled to attorneys' fees and court costs.

  • Legal Costs Each Party shall bear its own legal expenses involved in the negotiation and drafting of this Agreement.

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