Common use of Discharge Encumbrances Clause in Contracts

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rate.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests taxes or other encumbrances Liens at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay not paid by the Pledgor when due, except for the maintenance those items being contested in good faith, by appropriate proceedings, diligently pursued and preservation of the Collateralfor which adequate reserves have been provided in accordance with GAAP. Debtor Pledgor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Post-Default Rate.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the reasonable maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Post-Default Rate.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests interests, or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rate.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at twelve percent (12%) per annum (the Highest Lawful "Post-Default Rate").

Discharge Encumbrances. The Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse the Secured Party upon demand for any payment so made, plus interest thereon from the date of the Secured Party's demand at the Highest Lawful Rate.