Security for Payment of Termination Costs and Damages Sample Clauses

Security for Payment of Termination Costs and Damages. On the Commencement Date, Landlord shall provide Tenant with the Mortgages and Security Agreement (Archdiocese) and Security Agreement (Holdco) encumbering each of the Cemeteries (collectively, the “Termination Costs and Damages Mortgages”) to serve as security for the payment of Termination Costs pursuant to Section 9.3.2 of this Lease and any other damages and amounts to which Tenant may become entitled under this Lease or any Transaction Document (collectively, “Termination Costs and Damages”). The Termination Costs and Damages Mortgages shall, among other things, provide that Tenant may commence foreclosure proceeding against Landlord and the Cemeteries if Landlord fails to repay the Termination Costs and Damages within thirty (30) days of the date on which any such Termination Costs and Damages are due to Tenant. Tenant shall promptly upon payment to Tenant of the Termination Costs and Damages record a mortgage satisfaction and release (in form and substance mutually acceptable to Landlord, Tenant and Agent in each jurisdiction in which the Termination Costs and Damages Mortgages are recorded. Landlord acknowledges that any such Termination Costs and Damages Mortgages may be assigned to Agent as collateral security for Tenant’s obligations under the Credit Agreement; provided, however, Agent agrees to execute any documents reasonably requested by Landlord in connection with a partial mortgage release of the Termination Costs and Damages Mortgages required to be delivered by Tenant under this Lease.
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Related to Security for Payment of Termination Costs and Damages

  • Payment of Costs and Legal Fees and Reinstatement of Benefits In the event any dispute or controversy arising under or in connection with the Executive’s termination is resolved in favor of the Executive, whether by judgment, arbitration or settlement, the Executive shall be entitled to the payment of (a) all legal fees incurred by the Executive in resolving such dispute or controversy, and (b) any back-pay, including Base Salary, bonuses and any other cash compensation, fringe benefits and any compensation and benefits due to the Executive under this Agreement.

  • Expenses of Termination The Servicer shall promptly reimburse the Master Servicer (or any designee of the Master Servicer), the Trustee and the Depositor for all reasonable expenses incurred by the Master Servicer (or such designee), the Trustee or the Depositor, as such are incurred, in connection with the termination of the Servicer as servicer and the transfer of servicing of the Mortgage Loans to a successor servicer. The provisions of this paragraph shall not limit whatever rights the Master Servicer, the Trustee or the Depositor may have under other provisions of this Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.

  • Termination Fees and Expenses (a) The Company agrees that:

  • Reimbursement of Expenses and Miscellaneous Service Fees (a) In addition to paying BISYS the fees provided in Section 3 and Schedule B, the Trust agrees to reimburse BISYS for its reasonable out-of-pocket expenses in providing services hereunder, including without limitation the following:

  • Compensation; Payment of Fees and Expenses As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

  • Reimbursement of Expenses upon Termination of Agreement If this Agreement shall be terminated by the Company pursuant to any of the provisions hereof or if for any reason the Company shall be unable to perform its obligations or to fulfill any conditions hereunder or if the Underwriters shall terminate this Agreement pursuant to Section 7 hereof or this Agreement is terminated pursuant to the second sentence of Section 8 hereof, the Company shall reimburse the Underwriters for all out-of-pocket expenses (including the fees, disbursements and other charges of counsel to the Underwriters) reasonably incurred by them in connection herewith; provided, however, that the Company shall not be obligated to reimburse the expenses of any defaulting Underwriter under Section 8 hereof.

  • Payment of Fees and Expenses Borrower shall have paid to Lender all fees, charges, and other expenses which are then due and payable as specified in this Agreement or any Related Document.

  • Fees and Expenses Upon Termination Should either party exercise its right to terminate, all reasonable out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Trust. Additionally, ALPS reserves the right to charge a reasonable fee for its de-conversion services.

  • Payment of Fees, Costs and Expenses The Administrative Agent shall have received payment of all fees, costs and expenses, including, without limitation, all fees, costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent) in connection with this Amendment, the Credit Agreement and each other Loan Document, as required by Sections 8 and 9 hereof.

  • Expenses and Termination Fees (a) Subject to subsection (b) of this Section 7.3, whether or not the Merger is consummated, all costs and expenses incurred in connection with this Agreement and the transactions contemplated including, without limitation, filing fees and the fees and expenses of advisors, accountants, legal counsel and financial printers, shall be paid by the party incurring such expense.

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