Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, Liens, security interests or other encumbrances at any time levied or placed on the Collateral. Pledgor agrees to reimburse Secured Party as provided in the Indenture.
Appears in 4 contracts
Samples: Partnership Interest Pledge Agreement (NGA Holdco, LLC), Partnership Interest Pledge Agreement (NGA Holdco, LLC), Partnership Interest Pledge Agreement (HCS Ii Inc)
Discharge Encumbrances. After the occurrence and during during, the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, Liens, security interests or other encumbrances at any time levied or placed on the Collateral. Pledgor agrees to reimburse Secured Party as provided in the Indenture.
Appears in 3 contracts
Samples: Membership Interest Pledge Agreement (NGA Holdco, LLC), Stock Pledge Agreement (HWCC Shreveport Inc), Stock Pledge Agreement (HCS Ii Inc)
Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, Liensliens, security interests or other encumbrances at any time levied or placed on the Collateral. Pledgor agrees to reimburse Secured Party as provided in upon demand for any payment so made, plus interest thereon from the Indenturedate of Secured Party's demand at the Post-Default Rate.
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