PBC Expenses definition
PBC Expenses means all: costs or expenses (including taxes and insurance premiums) required to be paid by Borrower under any of the Loan Documents which are paid or advanced by PBC: filing, recording, publication, appraisal, and search fees paid or incurred by PBC in connection with PBC's transactions with Borrower; costs and expenses incurred by PBC in the disbursement of funds to Borrower (by wire transfer or otherwise); charges resulting from the dishonor of checks; costs and expenses incurred by PBC to correct any default or enforce any provision of the Loan Documents, or in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, whether or not a sale is consummated; costs and expenses of auditing Borrower; costs and expenses of third party claims or any suit incurred by PBC in enforcing or defending the Loan Documents; and PBC's reasonable attorneys' fees and expenses incurred in advising, structuring, drafting, reviewing, administering, amending, terminating, enforcing, defending, or concerning the Loan Documents, whether or not suit is brought.
Examples of PBC Expenses in a sentence
Any amounts paid or deposited by PBC shall constitute PBC Expenses, shall be immediately charged to Borrower's loan account and become additional Obligations, shall bear interest at the then applicable rate herein above provided, and shall be secured by the Collateral.
Borrower shall immediately and without demand reimburse PBC for all sums expended by PBC which constitute PBC Expenses and Borrower hereby authorizes and approves all advances and payments by PBC for items constituting PBC Expenses.
PBC shall, at its option, charge such interest and all PBC Expenses to Borrower's loan account, which amounts shall thereafter accrue interest at the rate then applicable hereunder.