Default Expenses

Default Expenses. Shall mean, with respect to each Party's facility, accrued and unpaid interest, plus the amount of any advances made by such Party pursuant to such Party's loan documents to pay taxes or insurance premiums, to prevent waste or to otherwise preserve the condition of the Assets in which such Party has a security interest, plus all reasonable costs and expenses (including court costs and reasonable attorneys' fees) incurred by such Party in connection with its facility.