Common use of Compensation of the Collateral Agent Clause in Contracts

Compensation of the Collateral Agent. As compensation for its services as Collateral Agent, the Store Company agrees to pay the Collateral Agent, so long as this Agreement remains in effect, annually on each 15th day of October, the sum of Three Thousand Five Hundred Dollars ($3,500.00), payable by wire transfer: The Bank of New York, ABA No. 021000018, Accou▇▇ ▇▇. ▇▇4198, New York, New York, Attention: Tim Shea; and al▇ ▇▇▇ ▇ees, costs and expenses incurred in good faith by the Collateral Agent (including, without limitation, the fees and disbursements of its counsel and other advisers as the Collateral Agent elects to retain) (i) arising in connection with the preparation, execution, delivery, performance, modification, and termination of this Agreement or any other Security Document or the enforcement of any of the provisions hereof or thereof or (ii) incurred or advanced in good faith in connection with the administration of the Collateral, the sale or other disposition thereof pursuant to any Security Document and the preservation, protection, or defense of the Collateral Agent's rights under the Security Documents and the other related documents and in and to the Collateral, or (iii) incurred in good faith by the Collateral Agent in connection with the resignation or removal of the Collateral Agent pursuant to Article 8 hereof. Additionally, the Store Company agrees (A) to indemnify and hold harmless the Collateral Agent from any present or future claim or liability for any stamp or other similar tax and any penalties or interest with respect thereto, which may be assessed, levied, or collected by any jurisdiction in connection with this Agreement, any other Security Document or any Collateral, and (B) to pay or to reimburse the Collateral Agent for any and all amounts in respect of all search, filing, recording, and registration fees, taxes, excise taxes, and other similar imposts which may be payable or determined to be payable in respect of the execution, delivery, filing, performance, and enforcement of this Agreement, each other Security Document, and all documents (including, without limitation, financing statements) provided for herein or therein.

Appears in 1 contract

Sources: Collateral Agency Agreement (Fields MRS Original Cookies Inc)

Compensation of the Collateral Agent. As compensation for its services as Collateral Agent, the Store Company agrees to pay or cause to be paid the Collateral AgentAgent on the Closing Date and, so long as this Agreement remains in effect, annually on each 15th the first day of OctoberApril, the sum of Three Thousand Five Hundred Dollars ($3,500.00), payable by wire transfer: The Bank of New York, ABA No. 021000018, Accou▇▇ ▇▇. ▇▇4198, New York, New York, Attention: Tim Shea; agreed between the Company and al▇ ▇▇▇ ▇eesthe Collateral Agent in writing and all the reasonable fees, costs and expenses incurred in good faith by the Collateral Agent (including, without limitation, the reasonable fees and disbursements of its counsel and other advisers as the Collateral Agent reasonably elects to retain) (i) arising in connection with the preparation, execution, delivery, performance, modification, modification and termination of this Agreement or any other and the Security Document or the enforcement of any of the provisions hereof or thereof or (ii) incurred or advanced Agreements in good faith in connection with the administration of the Collateral, the sale or other disposition thereof pursuant to any Security Document Agreements and the preservation, protection, defense or defense enforcement of the Collateral Agent's rights under the Security Documents and the other related documents Agreements and in and to the Collateral, Collateral or (iiiii) incurred in good faith by the Collateral Agent in connection with the resignation or removal of the Collateral Agent pursuant to Article 8 hereofSECTION 5.01. Additionally, the Store Company agrees to (A) to indemnify and hold harmless the Collateral Agent from any present or future claim or liability for any stamp or other similar tax and any penalties or interest with respect thereto, which that may be assessed, levied, levied or collected by any jurisdiction in connection with this Agreement, any other the Note Purchase Agreement, the Security Document Agreements or any Collateral, Collateral and (B) to pay or to reimburse the Collateral Agent for any and all amounts in respect of all search, filing, recording, recording and registration fees, taxes, excise taxes, taxes and other similar imposts which that may be payable or determined to be payable in respect of the execution, delivery, filing, performance, performance and enforcement of this Agreement, each other the Note Purchase Agreement, the Security Document, Agreements and all documents (including, without limitation, financing statements) provided for herein or therein.

Appears in 1 contract

Sources: Collateral Agency Agreement (Vector Group LTD)