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

Fees and Expenses of Collateral Agent. The Collateral Agent shall notify Grantor of all fees, expenses and charges of the Collateral Agent arising out of the Collateral Agent's execution and performance of its duties and obligations under this Agreement, which shall be as set forth on Schedule II attached hereto, and such reasonable fees, expenses and charges shall be paid promptly by Grantor or, if already paid by the Collateral Agent, Grantor promptly shall reimburse the Collateral Agent therefor. The Collateral Agent may employ, upon notice to Grantor at Grantor's expense, such legal counsel and other experts as it reasonably deems necessary in connection with performing its duties and obligations under this Agreement, and shall be fully protected in relying upon the advice of such counsel and other experts as are reasonably selected by it.

Fees and Expenses of Collateral Agent. The Collateral Agent shall notify Grantor of all fees, expenses and charges of the Collateral Agent arising out of the Collateral Agent's execution and performance of its duties and obligations under this Agreement, which shall be as set forth on Schedule II attached hereto, and such reasonable fees, expenses and charges shall be paid promptly by Grantor or, if already paid by the Collateral Agent, Grantor promptly shall reimburse the Collateral Agent therefor. The Collateral Agent may employ, upon notice to Grantor at Grantor's expense, such legal counsel and other experts as it reasonably deems necessary in connection with performing its duties and obligations under this Agreement, and shall be fully protected in relying upon the advice of such counsel and other experts as are reasonably selected by it.