Common use of Fees and Reimbursement of Expenses Clause in Contracts

Fees and Reimbursement of Expenses. Borrower agrees to pay all fees and expenses, including attorneys’ fees, incurred by Lender in the negotiation of and preparation of this Loan Agreement, the Note, and the Lockbox Agreement. Lender’s fees and expenses, including attorneys’ fees, total $3,948 as of the effective date hereof, which amount will increase as the parties formalize the Lockbox Agreement. Borrower agrees that this amount will be included in the Initial Advance, as defined below. In addition, the Borrower shall promptly reimburse the Lender for any and all expenses, fees and disbursements including, but not limited to, reasonable attorneys’ fees, incurred in connection with the interpretation, performance and enforcement of this Loan Agreement, the Loan Documents and any instruments or documents related thereto, and all costs and expenses of collection of the Loan made hereunder or any loans made hereinafter including, but not limited to, reasonable attorneys’ fees, whether or not suit is filed or for the pursuance of, or defense of, any litigation, appellate, bankruptcy or insolvency proceeding.