Common use of Removal by the Agent Clause in Contracts

Removal by the Agent. If any member of the Borrower Group fails to promptly discharge, remove or bond off any such Lien or mechanics’ or materialmen’s claim of lien as described above, which is not being contested by any member of the Borrower Group in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ or materialmen’s claim of lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder or lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 (including reasonable attorneys’ fees and disbursements) by the Administrative Agent shall be paid by the Borrower in accordance with the terms hereof.

Removal by the Agent. If any member Borrower or any of the Borrower Group its Subsidiaries fails to promptly discharge, remove or bond off any such Lien or mechanics’ ' or materialmen’s 's claim of lien as described above, which is not being contested by either Borrower or any member of the Borrower Group its Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ ' or materialmen’s 's claim of lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder lienor or lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees Borrowers agree that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 subsection 6.11 (including reasonable attorneys’ ' fees and disbursements) by the Administrative Agent shall be paid by the Borrower Borrowers in accordance with the terms hereof.

Removal by the Agent. If any member of the Borrower Group Loan Party fails to promptly discharge, remove or bond off any such Lien or mechanics’ or materialmen’s claim of lien Lien as described above, which is not being contested by any member of the Borrower Group a Loan Party in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 60 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ or materialmen’s claim of lien Lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder lienor or lien Lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 subsection 6.9 (including reasonable attorneys’ fees and disbursements) by the Administrative Agent shall be paid by the Borrower in accordance with the terms hereof.

Removal by the Agent. If any member of the Borrower Group or any of its Subsidiaries fails to promptly discharge, remove or bond off pledge cash collateral in respect of any such Lien or mechanics’ ' or materialmen’s 's claim of lien Lien as described above, which is not being contested by any member of the Borrower Group or any of its Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ ' or materialmen’s 's claim of lien Lien and any judgment or decree thereon, and in furtherance thereof may, in its sole reasonable discretion, effect any settlement or compromise with the lien holder lienor or lien Lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole reasonable discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees that all reasonable costs and expenses expended or otherwise incurred pursuant to this Section 5.10 7.10 (including reasonable attorneys’ ' fees and disbursements) by the Administrative Agent shall be paid by the Borrower in accordance with the terms hereof. All such advances or expenditures by the Agent shall payable as provided in Section 11.10.

Removal by the Agent. If any member Borrower or any of the Borrower Group its Subsidiaries fails to promptly discharge, remove or bond off any such Lien or mechanics’ or materialmen’s claim of lien Lien as described above, which is not being contested by either Borrower or any member of the Borrower Group its Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ or materialmen’s claim of lien Lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder lienor or lien Lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees Borrowers agree that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 subsection 5.9 (including reasonable attorneys’ fees and disbursements) by the Administrative Agent shall be paid by the Borrower Borrowers in accordance with the terms hereof.

Removal by the Agent. If any member Borrower or any of the Borrower Group its Subsidiaries fails to promptly discharge, remove or bond off any such Lien or mechanics’ or materialmen’s claim of lien as described above, which is not being contested by either any member Borrower or any of the Borrower Group its Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group or such Subsidiary of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ or materialmen’s claim of lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder or lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Each Borrower agrees that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 5.10. (including reasonable attorneys’ fees and disbursements) by the Administrative Agent shall be paid by the Borrower Borrowers in accordance with the terms hereof.

Removal by the Agent. If any member Borrower or any of the Borrower Group its Restricted Subsidiaries fails to promptly discharge, remove or bond off any such Lien or mechanics’ ' or materialmen’s 's claim of lien Lien as described above, which is not being contested by either Borrower or any member of the Borrower Group its Restricted Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ ' or materialmen’s 's claim of lien Lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder lienor or lien Lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees Borrowers agree that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 subsection 6.9 (including reasonable attorneys’ ' fees and disbursements) by the Administrative Agent shall be paid by the Borrower Borrowers in accordance with the terms hereof.

Removal by the Agent. If any member of the Borrower Group or any of its Subsidiaries fails to promptly discharge, remove or bond off any such Lien or mechanics’ ' or materialmen’s 's claim of lien as described above, which is not being contested by any member of either the Borrower Group or any of its Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group or such Subsidiary of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ ' or materialmen’s 's claim of lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder or lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 5.10. (including reasonable attorneys’ ' fees and disbursements) by the ------------- Administrative Agent shall be paid by the Borrower in accordance with the terms hereof.

Removal by the Agent. If any member Borrower or any of the Borrower Group its Restricted Subsidiaries fails to promptly discharge, remove or bond off any such Lien or mechanics’ or materialmen’s claim of lien Lien as described above, which is not being contested by any member Borrower or any of the Borrower Group its Restricted Subsidiaries in good faith by appropriate proceedings promptly instituted and diligently conducted, within 30 days after the receipt by such member of the Borrower Group of notice thereof, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, mechanics’ or materialmen’s claim of lien Lien and any judgment or decree thereon, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lien holder lienor or lien Lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens under this subsection, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien. The Borrower agrees Borrowers agree that all costs and expenses expended or otherwise incurred pursuant to this Section 5.10 subsection 6.9 (including reasonable attorneys’ fees and disbursements) by the Administrative Agent shall be paid by the Borrower Borrowers in accordance with the terms hereof.