Expenses Incurred by Collateral Agent. In its discretion, the Collateral Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees; provided, however, it shall not be obligated to do so. The Grantor and the Company jointly and severally agree to reimburse the Collateral Agent on demand for any and all reasonable expenditures so made. The Collateral Agent shall have no obligation to the Grantor to make any such expenditures, nor shall the making thereof relieve the Grantor of any default.
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Sources: First Supplemental Indenture and Security Agreement (Coeur D Alene Mines Corp)
Expenses Incurred by Collateral Agent. In its discretion, the Collateral Agent may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto after the occurrence and during the continuance of an Event of Default and pay any necessary filing fees; provided, however, it shall not be obligated to do so. The Grantor and the Company jointly and severally Grantors agree to reimburse the Collateral Agent on demand for any and all reasonable expenditures so made. The Collateral Agent shall have no obligation to the any Grantor to make any such expenditures, nor shall the making thereof relieve the any Grantor of any default.
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