Common use of Additional Advances and Disbursements; Costs of Enforcement Clause in Contracts

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.9, or otherwise under this Mortgage or any of the other Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 2 contracts

Samples: And Security Agreement (Interdent Inc), GXS Corp

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Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.9, or otherwise under this Mortgage or any of the other Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the IndebtednessObligations, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Acura Pharmaceuticals, Inc)

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.94.9, or otherwise under this Mortgage or Mortgage, any of the other Loan Documents Documents, any Lender Swap Agreements or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (United Online Inc)

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee and each of the Lenders shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee or any Lender under this Section 5.9, or otherwise under this Mortgage or any of the other Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this MortgageMortgage as advances in protection of the Mortgaged Property.

Appears in 1 contract

Samples: Security Agreement (Diamond Brands Operating Corp)

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.9, or otherwise under this Mortgage Mortgage, the Indenture, the Intercreditor Agreement or any of the other Loan Note Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: And Security Agreement (Interdent Inc)

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Additional Advances and Disbursements; Costs of Enforcement. (a) a. If any Event of Default exists, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.9, or otherwise under this Mortgage or any of the other Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the IndebtednessSecured Obligations, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Dixie Group Inc)

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.9, or otherwise under this Mortgage or Mortgage, any of the other Loan Documents Documents, any Hedge Agreements or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Security Agreement (FTD Group, Inc.)

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default existsoccurs and is continuing, Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee under this Section 5.9, or otherwise under this Mortgage or Mortgage, any of the other Loan Documents Documents, any Swap Agreements, or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Ruths Hospitality Group, Inc.)

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