Common use of Fees and Expenses of Collateral Agent Clause in Contracts

Fees and Expenses of Collateral Agent. The Collateral Agent shall notify the Grantor of all reasonable fees, expenses, and charges of the Collateral Agent arising out of the Collateral Agent's entering into this Agreement and performing its duties and obligations under this Agreement (including in connection with the enforcement of remedies hereunder and realization upon the Collateral), and (except as set forth in Section 10(g) hereof) such fees, expenses and charges shall be paid promptly by the Grantor or, if already paid by the Collateral Agent, the Grantor shall reimburse the Collateral Agent promptly therefor. The Collateral Agent shall receive reasonable additional compensation from the Grantor for services rendered beyond those specifically enumerated in this Agreement, PROVIDED that the Collateral Agent shall, to the extent possible, provide reasonable advance notice to the Grantor of such services and its estimate of fees, expenses and charges in connection therewith. The Collateral Agent may employ, at the Grantor's expense, such legal counsel and other experts as it reasonably deems necessary in connection with entering into this Agreement and performing its duties and obligations under this Agreement. The Collateral Agent may rely upon and shall be protected if acting in good faith upon the advice of such legal counsel or experts.

Appears in 2 contracts

Sources: Security Agreement (Homeside Lending Inc), Security and Collateral Agency Agreement (Homeside Lending Inc)

Fees and Expenses of Collateral Agent. The Collateral Agent shall notify the Grantor of all reasonable fees, expenses, . and charges of the Collateral Agent arising out of the Collateral Agent's entering into this Agreement and performing its duties and obligations under this Agreement (including in connection with the enforcement of remedies hereunder and realization upon the Collateral), and (except as set forth in Section 10(g7(g) hereof) such fees, expenses and charges shall be paid promptly by the Grantor or, if already paid by the Collateral Agent, the Grantor shall reimburse the Collateral Agent promptly therefor. The Collateral Agent shall receive reasonable additional compensation from the Grantor for services rendered beyond those specifically enumerated in this Agreement, PROVIDED that the Collateral Agent shall, to the extent possible, provide reasonable advance notice to the Grantor of such services and its estimate of fees, expenses and charges in connection therewith. The Collateral Agent may employ, at the Grantor's expense, such legal counsel and other experts expense as it reasonably deems necessary in connection with entering into this Agreement and performing its duties and obligations under this Agreement. The Collateral Agent may rely upon and shall be protected if acting in good faith upon the advice of such legal counsel or experts.

Appears in 1 contract

Sources: Security Agreement (Homeside Lending Inc)