Common use of Expenses in Realizing Upon Security Interest Clause in Contracts

Expenses in Realizing Upon Security Interest. The Borrower agrees to pay, on demand, all reasonable costs and expenses, including reasonable attorneys fees of both outside and in-house counsel, incurred by ▇▇▇▇▇▇ to preserve, collect, protect, foreclose, sell, or otherwise realize upon its security interest in the Collateral identified in this Agreement or in any other security agreement executed by the Borrower or other obligation of the Borrower to Lender whether prior to or subsequent to judgment.

Appears in 1 contract

Sources: Secured Revolving Loan Note (Media Sciences International Inc)

Expenses in Realizing Upon Security Interest. The Borrower agrees to pay, on demand, all reasonable costs and expenses, including reasonable attorneys fees of both outside and in-house counselfees, incurred by ▇▇▇▇▇▇ Lender to preserve, collect, protect, foreclose, sell, or otherwise realize upon its security interest in the Collateral identified in this Agreement or in any other security agreement executed by the Borrower which grants Lender a security interest in the Collateral or in any other document reflecting any other obligation of the Borrower to Lender whether prior to or subsequent to judgmentLender.

Appears in 1 contract

Sources: Loan and Security Agreement (Osteotech Inc)