Expenses of Collection. Grantor will upon demand pay to Beneficiary the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and the reasonable fees and expenses of any experts and agents, which Beneficiary may incur in connection with (i) the collection of the Secured Obligations, (ii) the enforcement and administration of this Deed to Secure Debt, (iii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Mortgaged Property, (iv) the exercise or enforcement of any of the rights of Beneficiary or any Secured Party hereunder or (v) the failure by Grantor to perform or observe any of the provisions hereof. All amounts payable by Grantor under this Section 5.16 shall be due upon demand and shall be part of the Secured Obligations. Grantor's obligations under this Section shall survive the termination of this Deed to Secure Debt and the discharge of Grantor's other obligations hereunder.
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Sources: Credit Agreement (Carson Inc), Credit Agreement (Carson Inc)
Expenses of Collection. Grantor will upon demand pay ---------------------- to Beneficiary the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and the reasonable fees and expenses of any experts and agents, which Beneficiary may incur in connection with (i) the collection of the Secured Obligations, (ii) the enforcement and administration of this Deed to Secure Debt, (iii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Mortgaged Property, (iv) the exercise or enforcement of any of the rights of Beneficiary or any Secured Party hereunder or (v) the failure by Grantor to perform or observe any of the provisions hereof. All amounts payable by Grantor under this Section 5.16 shall be due upon demand and shall be part of the Secured Obligations. Grantor's obligations under this Section shall survive the termination of this Deed to Secure Debt and the discharge of Grantor's other obligations hereunder.
Appears in 1 contract
Sources: Term Loan and Revolving Credit Agreement (Carson Products Co)
Expenses of Collection. Grantor will upon demand pay to Beneficiary the amount of any and all reasonable expenses, including the reasonable fees and reasonable expenses of its counsel and the reasonable fees and expenses of any experts and agents, which Beneficiary may incur in connection with (i) the collection of the Secured Obligations, (ii) the enforcement and administration of this Deed to Secure Debtof Trust, (iii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Mortgaged Property, (iv) the exercise or enforcement of any of the rights of Beneficiary or any Secured Party hereunder or (v) the failure by Grantor to perform or observe any of the provisions hereof. All amounts payable by Grantor under this Section 5.16 shall be due upon demand and shall be part of the Secured Obligations. Grantor's ’s obligations under this Section shall survive the termination of this Deed to Secure Debt of Trust and the discharge of Grantor's ’s other obligations hereunder.
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