Liquidation Costs definition

Liquidation Costs has the meaning given in Section 2.8 of the Credit Agreement.

Liquidation Costs means the reasonable costs and out of pocket expenses incurred by Lender in obtaining possession of any Collateral, in storage and preparation for sale, lease or other disposition of any Collateral, in the sale, lease, or other disposition of any or all of the Collateral, and/or otherwise incurred in foreclosing on any of the Collateral, including, without limitation, (a) reasonable attorneys fees and legal expenses, (b) transportation and storage costs, (c) advertising costs, (d) sale commissions, (e) sales tax and license fees, (f) costs for improving or repairing any of the Collateral, and (g) costs for preservation and protection of any of the Collateral.

Liquidation Costs has the meaning given in Section 2.8.

Examples of Liquidation Costs in a sentence

• Borrower will remain liable to such replaced Lender for any Liquidation Costs that such Lender may sustain or incur as a consequence of the purchase of such Lender’s Loans (unless such Lender has defaulted on its obligation to fund a Loan hereunder).

• Upon the prepayment of any Revolving Loan, Borrower shall pay to Administrative Agent for the account of the Lender which made such Loan (i) all accrued interest to the date of such prepayment on the amount prepaid and (ii) if such prepayment is the prepayment of a LIBOR Loan on a day other than the last day of an Interest Period for such LIBOR Loan, all Liquidation Costs incurred by such Lender as a result of such prepayment (pursuant to the terms of Section 2.8).

• Any and all such costs, expenses, and Liquidation Costs shall be payable by Borrower upon demand, together with interest thereon from the date of the advance until repaid, both before and after judgment, at the Default Rate.

• Upon the prepayment of any Loan, Borrower shall pay to Administrative Agent for the account of the Lender which made such Loan (i) all accrued interest to the date of such prepayment on the amount prepaid and (ii) if such prepayment is the prepayment of a LIBOR Loan on a day other than the last day of an Interest Period for such LIBOR Loan, all Liquidation Costs incurred by such Lender as a result of such prepayment (pursuant to the terms of Section 2.8).

• Any proceeds of sale or other disposition of the Collateral will be applied by the Lender to the payment of the Liquidation Costs and Expense Payments, and any balance of such proceeds will be applied by the Lender to the payment of the balance of the Obligations in such order and manner of application as the Lender may from time to time in its sole discretion determine.

More Definitions of Liquidation Costs

Liquidation Costs means, with respect to a particular Liquidation, the aggregate amount of all costs and expenses actually incurred by (or otherwise on behalf of) the Company in connection with such Liquidation, including all related legal, accounting and/or other professional fees.

Liquidation Costs shall have the meaning set forth in Section 10.6 hereof.

Liquidation Costs has the meaning given in Section 3.7 of the Financing Agreement.

Liquidation Costs means the post-Effective Date costs of liquidation and administration of the Debtor and the Estate, including but not limited to the costs and fees of the Liquidation Manager and his professionals.

Liquidation Costs shall have the meaning set forth in Section 10.6 Uniform Commercial Code and Other Remedies hereof.

Liquidation Costs means Liquidator Fee and any direct and indirect costs (including, without limitation, any transaction, legal and due diligence costs) incurred in case of the Liquidation of the Underlying Securities.

Liquidation Costs means, with respect to any Acquired Advance, the aggregate costs, expenses and other amounts (net of recoveries) paid to or retained by third parties in connection with the liquidation of Related Security related to such Acquired Advance.