Common use of BENEFICIARY REIMBURSEMENT Clause in Contracts

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.

BENEFICIARY REIMBURSEMENT. Any payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Noteholder Loan Document, shall (a) become a part of the ObligationsIndebtedness, (b) bear interest at the rate applicable to the Notes Applicable Rate from the date such payments are made or funds expended or advanced, (c) become due and payable by Grantor Trustor 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.

BENEFICIARY REIMBURSEMENT. Any payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Noteholder Loan Document, shall (a) become a part of the ObligationsObligations secured by this Deed of Trust, (b) bear interest at the rate applicable to the Notes Applicable Rate 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.. Form of Mortgage

BENEFICIARY REIMBURSEMENT. Any payments made, or funds expended or advanced by Beneficiary pursuant to the provisions of any Noteholder Loan Document, shall (a) become a part of the ObligationsObligations secured by this Deed of Trust, (b) bear interest at the rate applicable to the Notes Applicable Rate 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.