Common use of BENEFICIARY'S RIGHT TO PERFORM GRANTOR'S OBLIGATIONS Clause in Contracts

BENEFICIARY'S RIGHT TO PERFORM GRANTOR'S OBLIGATIONS. Grantor ---------------------------------------------------- agrees that, if Grantor fails to perform any act or to pay any money which Grantor is required to perform or pay under the Loan Documents, Beneficiary may make the payment or perform the act at the cost and expense of Grantor and in Grantor's name or in its own name. Any money paid by Beneficiary under this Section 11.05 shall be reimbursed to Beneficiary in accordance with Section 11.06.

Appears in 1 contract

Samples: Security Agreement (Boston Properties Inc)

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BENEFICIARY'S RIGHT TO PERFORM GRANTOR'S OBLIGATIONS. Grantor ---------------------------------------------------- agrees that, if Grantor fails to perform any act or to pay any money which Grantor is required to perform or pay under the Loan Documents, Beneficiary may make the payment or perform the act at the cost and expense of Grantor and in Grantor's name or in its own name. Any money paid by Beneficiary under this Section SECTION 11.05 shall be reimbursed to Beneficiary in accordance with Section SECTION 11.06.

Appears in 1 contract

Samples: Washington Corp

BENEFICIARY'S RIGHT TO PERFORM GRANTOR'S OBLIGATIONS. Grantor ---------------------------------------------------- agrees that, if Grantor fails to perform any act or to pay any money which Grantor is required to perform or pay under the Loan Documents, Beneficiary may make the payment or perform the act at the cost and expense of Grantor and in Grantor's ’s name or in its own name. Any money paid by Beneficiary under this Section 11.05 11.5 shall be reimbursed to Beneficiary in accordance with Section 11.0611.6.

Appears in 1 contract

Samples: Security Agreement (Wells Real Estate Investment Trust Inc)

BENEFICIARY'S RIGHT TO PERFORM GRANTOR'S OBLIGATIONS. Grantor ---------------------------------------------------- agrees that, if Grantor fails to perform any act or to pay any money which Grantor is required to perform or pay under the Loan Documents, Beneficiary may make the payment or perform the act at the cost and expense of Grantor and in Grantor's ’s name or in its own name. Any money paid by Beneficiary Beneficiary. under this Section 11.05 11.5 shall be reimbursed to Beneficiary in accordance with Section 11.0611.6.

Appears in 1 contract

Samples: Defined Terms (Wells Real Estate Investment Trust Inc)

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BENEFICIARY'S RIGHT TO PERFORM GRANTOR'S OBLIGATIONS. Grantor ---------------------------------------------------- agrees that, if Grantor fails to perform any act or to pay any money which Grantor is required to perform or pay under the Loan Documents, Beneficiary may make the payment or perform the act Beneficiary, at the cost and expense of Grantor and in Grantor's name or in its own name, may (but shall not be obligated to) perform or cause to be performed such act or take such action or pay any money. Any money paid by Beneficiary under this Section 11.05 1.15 shall be reimbursed to Beneficiary in accordance with Section 11.063.10 hereof.

Appears in 1 contract

Samples: Loan Agreement (United Foods Inc)

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