On Default. In the event of a default by the Borrower or any Guarantor in their respective obligations under this Commitment, Loan or Security (as hereinafter defined) that is not cured within the timeframes set out herein, the Lender shall, notwithstanding anything contained herein to the contrary, be entitled to receive from the Borrower an amount equal to all fees, charges and disbursements incurred as a result thereof.
Appears in 3 contracts
Sources: Loan Agreement, Loan Agreement, Commitment Letter