Common use of Default indemnity Clause in Contracts

Default indemnity. Borrower hereby agrees to, and shall, indemnify and hold harmless Lender against the reasonable out-of-pocket costs and expenses (including reasonable attorneys' fees and expenses) which it may sustain or incur as a consequence of any Default or Event of Default hereunder and in the enforcement of Lender's rights and remedies in connection therewith. Lender shall provide to Borrower a satisfactory statement, signed by an officer of Lender and supported, where applicable, by documentary evidence, explaining the amount of all such costs or expenses. Any amounts that Borrower must pay to Lender under this SECTION 7.5 shall bear interest at the Default Interest Rate and shall be due fifteen (15) days after demand therefor accompanied by documentation sufficient to establish the amount of Borrower's liability, and shall be added to and become a part of the Indebtedness secured by the Mortgage and other Security Documents.

Default indemnity. Borrower hereby agrees to, and shall, indemnify and hold harmless Lender the Lender, against the reasonable out-of-pocket costs and expenses (including reasonable attorneys' fees and expenses) which it they may sustain or incur as a consequence of any Default or Event of Default hereunder and in the enforcement of the Lender's rights and remedies in connection therewith. Lender shall provide to Borrower a satisfactory statement, signed by an officer of Lender and supported, where applicable, by documentary evidence, explaining the amount of all such costs or expenses. Any amounts that Borrower must pay to Lender under this SECTION Section 7.5 shall bear interest at the Default Interest Rate and shall be due fifteen (15) days after demand therefor accompanied by documentation sufficient to establish the amount of Borrower's liability, and shall be added to and become a part of the Indebtedness secured by the Mortgage Mortgages and other Security Documents.

Default indemnity. Borrower hereby agrees to, and shall, indemnify and hold harmless Lender against the reasonable out-of-pocket costs and expenses (including reasonable attorneys' fees and expenses) which it may sustain or incur as a consequence of any Default or Event of Default hereunder and in the enforcement of Lender's rights and remedies in connection therewith. Lender shall provide to Borrower a satisfactory statement, signed by an officer of Lender and supported, where applicable, by documentary evidence, explaining the amount of all such costs or expenses. Any amounts that Borrower must pay to Lender under this SECTION 7.5 shall bear interest at the Default Interest Rate and shall be due fifteen (15) days after demand therefor accompanied by documentation sufficient to establish the amount of Borrower's liability, and shall be added to and become a part of the Indebtedness secured by the Mortgage Mortgages and other Security Documents.

Default indemnity. Borrower hereby agrees to, and shall, indemnify and hold harmless the Lender against the reasonable out-of-pocket costs and expenses (including reasonable attorneys' fees and expenses) which it the Lender may sustain or incur as a consequence of any Default or Event of Default hereunder and in the enforcement of the Lender's rights and remedies in connection therewith. Lender shall provide to Borrower a satisfactory statement, signed by an officer of Lender and supported, where applicable, by documentary evidence, explaining the amount of all such costs or expenses. Any amounts that Borrower must pay to Lender under this SECTION 7.5 shall bear interest at the Default Interest Rate and shall be due and payable fifteen (15) days after demand therefor accompanied by documentation sufficient to establish the amount of Borrower's liability, and shall bear interest at the Default Interest Rate and shall be added to and become a part of the Indebtedness indebtedness secured by the Mortgage and other Security Documents.