Common use of Taxes; Expenses Clause in Contracts

Taxes; Expenses. The Operator will pay, when due, all taxes, assessments and other charges lawfully and validly levied or assessed on the Collateral or any part thereof. [[Operator should not be responsible for all recording taxes, fees, costs and expenses under the Loan and Loan Documents. Operator should only be responsible for fees in connection with the Collateral. The rest of this section should be confined to the Collateral.]] The Operator will pay and, as applicable, reimburse the Secured Party\Borrower for (i) any and all fees, costs and expenses, of whatever kind and nature, including the fees, expenses and disbursements of the Secured Party\Borrower's counsel (including but not limited to fees, expenses and disbursements for preparation of documents, making title examinations and rendering opinion letters) which the Secured Party\Borrower may incur in connection with filing any financing statements or other public notices to protect its interests hereunder, the enforcement, preservation, foreclosure, and/or protection of the Secured Party\Borrower's rights and/or remedies under this Agreement, whether incurred through judicial proceedings or otherwise, or in defending or prosecuting any actions or proceedings arising out of or relating to the Loan, and (ii) all filing and recording fees and taxes payable in connection with the transactions contemplated by this Agreement. All amounts payable by Operator to Secured Party\Borrower under this Section 4 will be paid by the Operator upon the Secured Party\Borrower's demand therefor.

Appears in 1 contract

Samples: Operator Security Agreement

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Taxes; Expenses. The Operator will pay, when due, all taxes, assessments and other charges lawfully and validly levied or assessed on the Collateral or any part thereof. [[Operator should not be responsible for all recording taxes, fees, costs and expenses under the Loan and Loan Documents. Operator should only be responsible for fees in connection with the Collateral. The rest of this section should be confined to the Collateral.]] The Operator will pay and, as applicable, reimburse the Secured Party\Borrower for (i) any and all fees, costs and expenses, of whatever kind and nature, including the fees, expenses and disbursements of the Secured Party\Borrower's counsel (including but not limited to fees, expenses and disbursements for preparation of documents, making title examinations and rendering opinion letters) which the Secured Party\Borrower may incur in connection with filing any financing statements or other public notices to protect its interests hereunder, the enforcement, preservation, foreclosure, and/or protection of the Secured Party\Borrower's rights and/or remedies under this the Loan Documentsthis Agreement, whether incurred through judicial proceedings or otherwise, or in defending or prosecuting any actions or proceedings arising out of or relating to the Loan, and (ii) all filing and recording fees and taxes payable in connection with the transactions contemplated by this the Loan Documentsthis Agreement. All amounts payable by Operator to Secured Party\Borrower under this Section 4 will be paid by the Operator upon the Secured Party\Borrower's demand therefor.

Appears in 1 contract

Samples: Operator Security Agreement

Taxes; Expenses. The Operator will pay, when due, all taxes, assessments and other charges lawfully and validly levied or assessed on the Collateral or any part thereof. [[Operator should not be responsible for all recording taxes, fees, costs and expenses under the Loan and Loan Documents. Operator should only be responsible for fees in connection with the Collateral. The rest of this section should be confined to the Collateral.]] The Operator will pay and, as applicable, reimburse the Secured Party\Borrower Party for (i) any and all fees, costs and expenses, of whatever kind and nature, including the fees, expenses and disbursements of the Secured Party\BorrowerParty's counsel (including but not limited to fees, expenses and disbursements for preparation of documents, making title examinations and rendering opinion letters) which the Secured Party\Borrower Party may incur in connection with filing any financing statements or other public notices to protect its interests hereunder, the enforcement, preservation, foreclosure, and/or protection of the Secured Party\BorrowerParty's rights and/or remedies under this Agreement, whether incurred through judicial proceedings or otherwise, or in defending or prosecuting any actions or proceedings arising out of or relating to the Loan, and (ii) all filing and recording fees and taxes payable in connection with the transactions contemplated by this Agreement. All amounts payable by Operator to Secured Party\Borrower Party under this Section 4 will be paid by the Operator upon the Secured Party\BorrowerParty's demand therefor.

Appears in 1 contract

Samples: Operator Security Agreement

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Taxes; Expenses. The Operator will pay, when due, all taxes, assessments and other charges lawfully and validly levied or assessed on the Collateral or any part thereof. [[Operator should not be responsible for all recording taxes, fees, costs and expenses under the Loan and Loan Documents. Operator should only be responsible for fees in connection with the Collateral. The rest of this section should be confined to the Collateral.]] The Operator will pay and, as applicable, reimburse the Secured Party\Borrower Party for (i) any and all fees, costs and expenses, of whatever kind and nature, including the fees, expenses and disbursements of the Secured Party\BorrowerParty's counsel (including but not limited to fees, expenses and disbursements for preparation of documents, making title examinations and rendering opinion letters) which the Secured Party\Borrower Party may incur in connection with filing any financing statements or other public notices to protect its interests hereunder, the enforcement, preservation, foreclosure, and/or protection of the Secured Party\BorrowerParty's rights and/or remedies under this the Loan Documentsthis Agreement, whether incurred through judicial proceedings or otherwise, or in defending or prosecuting any actions or proceedings arising out of or relating to the Loan, and (ii) all filing and recording fees and taxes payable in connection with the transactions contemplated by this the Loan Documentsthis Agreement. All amounts payable by Operator to Secured Party\Borrower Party under this Section 4 will be paid by the Operator upon the Secured Party\BorrowerParty's demand therefor.

Appears in 1 contract

Samples: Operator Security Agreement

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