Advances and Expenses Sample Clauses

Advances and Expenses. Expenses incurred by Indemnitee in connection with any Proceeding shall be paid by the Corporation in advance of the final disposition thereof upon the written request of Indemnitee, if Indemnitee shall undertake to repay such amount if and to the extent it is ultimately determined that Indemnitee is not entitled to indemnification.
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Advances and Expenses. Without regard to whether (a) an event of default has occurred under this Deed of Trust, (b) the Grantor has performed Grantor’s obligations under this Deed of Trust, or (c) there is a legal proceeding threatened or pending that may affect the validity or priority of the lien of this Deed of Trust, Beneficiary may do and pay for whatever it deems necessary or appropriate to (i) satisfy any or all of Grantor's obligations under this Deed of Trust, (ii) preserve and protect the value and condition of the premises, (iii) protect Beneficiary's rights under this Deed of Trust, and (iv) sustain the lien of this Deed of Trust and its priority. Beneficiary's actions may include (but shall not be limited to) the payment of sums to (i) pay insurance premiums, taxes, assessments, fines, impositions, charges, leasehold payments and ground rents relating to the premises, (ii) pay any lien or claim of lien that has, may have or may obtain priority over this Deed of Trust, (iii) prosecute or defend any legal action or proceeding relating to the premises, the lien of this Deed of Trust, or any of the Secured Obligations, (iv) obtain periodic updates of appraisals or new appraisals of the premises, (v) obtain environmental studies and assessments including, without limitation, sampling and testing, (vi) enter upon the premises and inspect, protect, preserve, repair and/or restore the premises, (vii) comply with all legal and regulatory requirements imposed upon Beneficiary to protect the premises as collateral or to analyze the value or condition thereof, and (viii) pay reasonable attorneys' fees and other costs, fees and expenses incurred on behalf of Beneficiary and/or Trustee arising from any of the foregoing. All costs, fees and expenses actually incurred by Beneficiary and/or Trustee and payments made by Beneficiary pursuant to this section shall (i) be deemed necessary expenditures made for the preservation of the security, (ii) be secured by this Deed of Trust, (iii) bear interest at the same rate as the principal indebtedness secured hereby, and (iv) be payable immediately upon demand or otherwise as Beneficiary may determine. Nothing herein shall be construed to allow Beneficiary to collect any costs, fees or expense otherwise prohibited by applicable law. After any such advances are made, Beneficiary may apply any funds received hereunder to advances, principal, or interest as Beneficiary may determine. Beneficiary shall not be held to have waived any rights accr...
Advances and Expenses. Upon default by the Mortgagor in the performance of any material terms, covenants or conditions in this deed or in the Note contained, the Mortgagee may, at its option and whether electing to declare the whole indebtedness due and payable or not, upon prior written notice to the Mortgagor, perform the same without waiver of any other remedy, and any amount paid or advanced by the Mortgagee in connection therewith, and any other costs, charges, and expenses incurred by the Mortgagee in the protection of the Mortgaged Premises or the maintenance of the lien of the mortgage hereby constituted are hereby secured by the lien of said mortgage up to an amount equal to twenty per cent (20%) of the principal sum of the Mortgage Note, shall be repayable by the Mortgagor on demand, with interest at the rate set forth in the Mortgage Note and shall constitute and additional indebtedness secured in this Mortgaged. Failure by Mortgagor to give notice, shall in any manner affect the guarantee herein provided for such payments or advances.
Advances and Expenses. Upon the occurrence of an Event of Default by the Mortgagor, the Mortgagee may, at its option upon prior written notice to Mortgagor and whether electing to declare the whole indebtedness due and payable or not, perform the same without waiver of any other remedy, and any amount paid or advanced by the Mortgagee in connection therewith, and any other costs, charges, and expenses incurred by the Mortgagee in the protection of the Mortgaged Premises or the maintenance of the lien of the mortgage hereby constituted are hereby secured by the lien of said mortgage up to an amount equal to TWENTY PERCENT (20%) of the principal sum of the Mortgage Note, shall be repayable by the Mortgagor on demand, with interest at the rate set forth in the Mortgage Note and shall constitute a lien upon the Mortgaged Premises senior to any other lien that may arise or may be granted subsequent to the lien constituted under this deed. The Mortgagee, in making any payment herein and hereby authorized, in the place and stead of the Mortgagor, relating to taxes,
Advances and Expenses. All obligations arising from sums advanced and expenses incurred by Holder for the purpose of insuring, preserving or otherwise protecting any collateral for either the Loan, its value or any of the Obligations defined in this Paragraph 2, and any other sums advanced and expenses incurred by Holder under this Agreement, the Note, any loan agreement related to the Loan, and any deed of trust, trust deed, mortgage, deed to secure debt, assignment of beneficial interest, security agreement, guaranty agreement, or any other agreement which secures, guarantees, or otherwise relates to the Note, the Loan, or any of the Obligations defined in this Paragraph 2, including but not limited to expenses of disposing of any collateral securing the Loan or the other Obligations, collection expenses and attorneys' fees, plus interest at the highest lawful rate which may be charged by Holder on the Obligations. In addition to any other expenses, Guarantor agrees to pay all reasonable expenses relating to default and collection of those Obligations described in this Paragraphs 2, as follows: Expenses for taking, holding, preparing for sale, selling or similar expenses, advances made for the above purposes and advances relating to the collateral for Obligations made on Borrower's behalf as permitted by any agreements securing such Obligations; and reasonable attorneys' fees, paralegal fees and other legal expenses to the extent not prohibited by law, including, but not limited to, any such fees, costs and expenses incurred in or related to collecting, protecting and enforcing liabilities, any negotiations or legal proceedings, including, but not limited to, any bankruptcy proceedings, or any actions in or relating to any bankruptcy proceedings;

Related to Advances and Expenses

  • Fees and Expenses of the Trustee (a) As compensation for its duties hereunder, the Trustee shall withdraw from the Distribution Account on each Distribution Date all the investment income and gains (net of losses) on amounts on deposit in the Distribution Account. Subject to Section 8.05(b), the Trustee, or any director, officer, employee or agent of it, shall be indemnified by the Trust Fund and held harmless against any loss, liability or expense (including any unreimbursed fees or expenses for work relating to an appointment of a successor servicer under Section 7.02 herein, but not including expenses, disbursements and advances incurred or made by the Trustee, including the reasonable compensation and the expenses and disbursements of its agents and counsel, in the ordinary course of its performance in accordance with the provisions of this Agreement) incurred by the Trustee (i) in connection with any claim or legal action or any pending or threatened claim or legal action arising out of or in connection with the acceptance or administration of its obligations and duties under this Agreement, other than any loss, liability or expense (a) resulting from the Servicer’s actions or omissions in connection with this Agreement and the Mortgage Loans, (b) that constitutes a specific liability of the Trustee pursuant to Section 10.01(c) or (c) any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder or as a result of a breach of the its obligations under Article X hereof, or (ii) resulting from any error in any tax or information returns prepared by the Servicer, including but not limited to, costs incurred with respect to any audit. Any amounts payable to the Trustee, or any director, officer, employee or agent of the Trustee, in respect of the indemnification provided by this paragraph (a), or pursuant to any other right of reimbursement from the Trust Fund that the Trustee, or any director, officer, employee or agent of the Trustee, may have hereunder in its capacity as such, may be withdrawn by the Trustee from the Distribution Account at any time. Such indemnity shall survive the termination of this Agreement and the resignation of the Trustee.

  • Payment of Fees and Expenses Borrower shall have paid to Lender all fees, charges, and other expenses which are then due and payable as specified in this Agreement or any Related Document.

  • Costs and Expenses The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the L/C Issuer), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the L/C Issuer, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

  • Facilities and Expenses The Employer will furnish the Employee with office space, equipment, supplies, computer and facsimile equipment, telephones (including cellular telephone), automobile or automobile allowance and such other facilities, support staff and personnel as the Employer deems necessary or appropriate for the performance of the Employee's duties under this Agreement. The Employer will reimburse the Employee for reasonable business expenses incurred by him on behalf of the Employer in the performance of his duties; provided, that Employee furnishes to Employer documentation of such expenses as is required by the Internal Revenue Service, as well as such other documentation as the Employer may reasonably request. In addition, the Employer shall reimburse the Employee or otherwise provide and pay for all approved professional affiliation expenses incurred by the Employee. The Employee must file authorization requests, to the extent required by the Employer's employment policies and, in all instances, expense reports with respect to such expenses in accordance with the Employer's policies.

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