Secured Party Expenses. Debtor shall, within fifteen (15) business days of written demand from the Secured Party accompanied by adequate documentation of such expenses, reimburse the Secured Party for all sums expended by it which constitute Secured Party Expenses and, in the event that Debtor does not pay any Secured Party Expenses payable to a third party within fifteen (15) business days after notice thereof, then the Secured Party may immediately and without further notice pay such Secured Party Expenses on Debtor’s behalf. All such expenses shall become a part of the Obligations and, at the Secured Party’s option, will (i) be payable on demand or (ii) be added to the balance of the Note and be payable proportionately with any installment payments that become due during the remaining term of the Note or, (iii) at Secured Party’s option, may be treated as a balloon payment which will be due and payable at the maturity of the Note. This Agreement shall also secure payment of those amounts.
Secured Party Expenses. The term “SECURED PARTY EXPENSES” means all reasonable out-of-pocket expenses or costs incurred by the SECURED PARTIES arising out of, pertaining to, or in any way connected with this AGREEMENT, any of the other SECURITY DOCUMENTS or the OBLIGATIONS, or any documents executed in connection herewith or transactions hereunder, including without limitation: All costs or expenses required to be paid by the GUARANTOR pursuant to this AGREEMENT or as otherwise provided for in any of the SECURITY DOCUMENTS or as required by any other present or future agreement between the GUARANTOR and the SECURED PARTIES evidencing and/or securing the OBLIGATIONS which are paid or advanced by the SECURED PARTIES; taxes and insurance premium of every nature and kind of GUARANTOR paid by the SECURED PARTIES; filing, recording, title insurance, environmental and consulting fees, audit fees, search fees and other expenses paid or incurred by the SECURED PARTIES in connection with the transactions of the SECURED PARTIES with the GUARANTOR; reasonable and necessary costs and expenses incurred by the SECURED PARTIES in the collection of the RECEIVABLES (with or without the institution of legal action), to correct any default or enforce any provision of this AGREEMENT, or in gaining possession of, maintaining, handling, evaluating, preserving, storing, shipping, selling, preparing for sale and/or advertising to sell the COLLATERAL or any other property of the GUARANTOR in which any SECURED PARTY has a lien whether or not a sale is consummated; reasonable and necessary costs and expenses of litigation incurred by the SECURED PARTIES in enforcing or defending this AGREEMENT or any portion hereof; and reasonable and necessary attorneys’ fees and expenses incurred by the SECURED PARTIES in obtaining advice or the services of their attorneys with respect to the structuring, drafting, negotiating, reviewing, amending, terminating, enforcing or defending of this AGREEMENT, or any portion hereof or any agreement or matter related hereto, whether or not litigation is instituted; and reasonable travel expenses related to any of the foregoing.
Secured Party Expenses. Borrowers shall pay to Secured Parties, all Secured Party Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this Agreement and the other Loan Documents) incurred through and after the Effective Date, when due (or, if no stated due date, within three (3) Business Days after written demand by Agent).
Secured Party Expenses. Debtor shall, within fifteen (15) business days of written demand from the Secured Party accompanied by adequate documentation, reimburse the Secured Party for all sums expended by it which constitute Secured Party Expenses. In the event that Debtor does not pay any Secured Party Expenses payable to a third party within fifteen (15) business days after notice thereof, then the Secured Party may immediately and without further notice pay such Secured Party Expenses on Debtor’s behalf. All Secured Party Expenses that are not paid by Debtor in a timely manner shall become a part of the Obligations and bear interest at the Rate specified in the Note until repaid
Secured Party Expenses. All reasonable SECURED PARTY EXPENSES shall be paid by the BORROWER upon the demand of the ADMINISTRATIVE AGENT, whether incurred prior to or after the date of CLOSING.
Secured Party Expenses. To the extent not already paid under another Debt Document, each ICA Group Company, each Subordinated Creditor and each Intercompany Creditor will, within three Business Days of demand, pay to each Secured Party the amount of all costs and expenses (including external legal fees) incurred by that Secured Party in connection with the enforcement or preservation of that Secured Party's rights against that ICA Group Company, Subordinated Creditor or Intercompany Creditor under this Agreement.
Secured Party Expenses. To the extent not already paid under another Debt Document, the Issuer will, within three Business Days of demand, pay to each Secured Party the amount of all costs and expenses (including external legal fees) incurred by that Secured Party in connection with the enforcement or preservation of that Secured Party's rights against an ICA Group Company, Subordinated Creditor or Intercompany Creditor under this Agreement.
Secured Party Expenses. Debtor is responsible for paying, on demand and on a full indemnity basis, for all actions taken, and all expenses (including all legal expenses on a solicitor and own client basis) incurred, by Secured Party under this Agreement. If Debtor does not pay such expenses, Secured Party may add them to the Secured Money and interest will accrue on such amounts at the same rate and in the same way as provided in the Loan Agreement.
Secured Party Expenses. Debtor shall immediately, and without demand, reimburse Secured Party for all sums expended by Secured Party which constitute Secured Party Expenses, and, in the event that Debtor does not pay such Secured Party Expenses within ten (10) days after notice thereof, then Secured Party may immediately and without further notice incur such Secured Party Expenses on Debtor's behalf, and Debtor hereby authorizes and approves all advances and payments by Secured Party for items constituting such Secured Party Expenses.
Secured Party Expenses. In the event that Compost, Miami and Bedminster fail to pay taxes, assessments, costs and expenses which Compost, Miami and/or Bedminster is required to pay, or in the event that Compost, Miami and/or Bedminster fail to keep the Collateral free from other security interests, liens, pledges, or encumbrances not permitted under the terms of this Agreement, Lionhart, LHI and/or GEP may make expenditures for any and all such purposes. All costs and expenses of Lionhart, LHI and/or GEP in retaking, holding, preparing for sale and selling or otherwise realizing upon any Collateral or enforcing any provisions hereof upon the occurrence of any Event of Default (as defined under Section 8 of this Agreement) by Compost, Miami and/or Bedminster, including reasonable attorneys' fees, shall constitute part of the Indebtedness and Obligations that are otherwise secured under this Agreement by the Collateral, and Compost, Miami and Bedminster shall forthwith reimburse Lionhart, LHI and GEP for any such payments made or any such expenses incurred by Lionhart, LHI and/or GEP.
