BENEFICIARY REIMBURSEMENT Sample Clauses

BENEFICIARY REIMBURSEMENT. All payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Loan Document, shall (1) become a part of the Secured Indebtedness, (2) bear interest at the Interest Rate (as defined in the Note) from the date such payments are made or funds expended or advanced, (3) become due and payable by Trustor upon demand by Beneficiary, and (4) bear interest at the Default Rate (as defined in the Note) from the date of such demand. Trustor shall reimburse Beneficiary within ten (10) days after receipt of written demand for such amounts.
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BENEFICIARY REIMBURSEMENT. Any payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Noteholder Document, shall (a) become a part of the Obligations, (b) bear interest at the rate applicable to the Notes from the date such payments are made or funds expended or advanced, (c) become due and payable by Grantor upon demand therefor by Beneficiary, and (d) bear interest at the Default Rate from the date of such demand. Failure to reimburse Beneficiary upon such demand shall constitute an Event of Default.
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BENEFICIARY REIMBURSEMENT. All payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Security Document, shall (1) become a part of the Guaranteed Obligations, (2) bear interest at the Interest Rate (as defined in the St. Xxxxxxx Note) from the date such payments are made or funds expended or advanced, (3) become due and payable by Affiliated Guarantor upon demand by Beneficiary, and (4) bear interest at the Default Rate (as defined in the Note) from the date of such demand. Affiliated Guarantor shall reimburse Beneficiary within ten (10) days after receipt of written demand for such amounts.
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BENEFICIARY REIMBURSEMENT. Any payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Loan Document, shall (1) become a part of the Secured Indebtedness, (2) bear interest at the Interest Rate (as such term is defined in the Note) from the date such payments are made or funds expended or advanced, (3) become due and payable by Grantor upon demand therefor by Beneficiary, and (4) bear interest at the Default Rate (as such term is defined in the Note) from the date of such demand. Failure to reimburse Beneficiary upon such demand shall constitute an Event of Default under Section 2.01(a) hereof.
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BENEFICIARY REIMBURSEMENT. 34 Section 11.07 Fees and Expenses ...................................................................35 Section 11.08 Waiver of Consequential Damages .....................................................35 Section 11.09 Attorney-in-Fact ....................................................................35
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BENEFICIARY REIMBURSEMENT. Any payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Note Document, shall (a) become a part of the Obligations, (b) bear interest at the applicable interest rate under the Notes (including, to the extent applicable, the Default Rate) from the date such payments are made or such funds are expended or advanced and (c) become due and payable by Trustor upon demand therefor by Beneficiary. Failure to reimburse Beneficiary upon such demand shall constitute an Event of Default under Section 4.01(a) hereof.
Sample 1
BENEFICIARY REIMBURSEMENT. All payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Loan Document, shall (1) become a part of the Secured Indebtedness, (2) bear interest at the same rate as is applicable to principal under the Note from time to time, from the date such payments are made or funds expended or advanced, and (3) become due and payable by Trustor 10 days after written demand by Beneficiary. Trustor shall reimburse Beneficiary within ten (10) days after receipt of written demand for such amounts.
Sample 1
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BENEFICIARY REIMBURSEMENT. All payments made, or funds expended or advanced by Mortgagee pursuant to the provisions of this Mortgage shall (1) become a part of the Secured Obligations, (2) bear interest at the interest rate then applicable under the Indenture from the date such payments are made or funds expended or advanced, (3) become due and payable by Mortgagor upon demand by Mortgagee, and (4) bear interest at any higher rate that is provided under the Indenture by reason of default thereunder from the date of such demand. Mortgagor shall reimburse Mortgagee within ten (10) days after receipt of written demand for such amounts.
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Related to BENEFICIARY REIMBURSEMENT

  • Beneficiary The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.

  • Contingent Beneficiary While the Annuitant is alive, the Owner may, by written Request, designate or change a Contingent Beneficiary from time to time. The Company shall not be bound by any change of Contingent Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Compensation; Reimbursement At the closing of each Offering (each, a “Closing”), the Company shall compensate Xxxxxxxxxx as follows:

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Payments to Beneficiary If the Executive dies before receiving amounts to which the Executive is entitled under this Agreement, such amounts shall be paid in a lump sum to the beneficiary designated in writing by the Executive, or if none is so designated, to the Executive’s estate.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan and is the designated beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations.

  • Reimbursements To the extent required by Section 409A, each reimbursement or in-kind benefit provided under this Agreement shall be provided in accordance with the following:

  • Compensation; Reimbursement; Indemnity (a) The Company agrees:

  • Reimbursement; Participations (a) If Issuing Bank honors any request for payment under a Letter of Credit, Borrowers shall pay to Issuing Bank, on the same day (“Reimbursement Date”), the amount paid by Issuing Bank under such Letter of Credit, together with interest at the interest rate for Base Rate Revolver Loans from the Reimbursement Date until payment by Borrowers. The obligation of Borrowers to reimburse Issuing Bank for any payment made under a Letter of Credit shall be absolute, unconditional, irrevocable, and joint and several, and shall be paid without regard to any lack of validity or enforceability of any Letter of Credit or the existence of any claim, setoff, defense or other right that Borrowers may have at any time against the beneficiary. Whether or not Borrower Agent submits a Notice of Borrowing, Borrowers shall be deemed to have requested a Borrowing of Base Rate Revolver Loans in an amount necessary to pay all amounts due Issuing Bank on any Reimbursement Date and each Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Commitments have terminated, an Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied.

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