Common use of TO SECURE Clause in Contracts

TO SECURE. (i) the full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all Obligations of the Pledgor under the Credit Agreement and the other Financing Documents in respect of the New Tranche B Loan, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and howsoever evidenced, and the due performance and compliance by the Pledgor with the terms thereof; (ii) any and all sums advanced by the Pledgee or any New Tranche B Lender in order to preserve the Collateral or preserve its security interest in the Collateral (as defined below); and (iii)in the event of any proceeding for the collection or enforcement of any indebtedness, obligations, or liabilities referred to in clauses (i) and (ii) above, the reasonable expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing or realizing on the Collateral, or of any exercise by the Pledgee of its rights hereunder with respect thereto, together with reasonable attorneys' fees and court costs related thereto, all such obligations, liabilities, sums and expenses set forth in clauses (i) through (iii) of this Section 1, whether now existing or hereafter arising, being herein collectively called the "Secured Obligations".