Common use of DISCHARGE OF BORROWER'S OBLIGATIONS Clause in Contracts

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its sole discretion, shall have the right at any time, and from time to time, without prior notice to Borrowers if any Credit Party fails to do so, to: (a) obtain insurance covering any of the Collateral as required under this Agreement; (b) pay for the performance of any Credit Party’s obligations under this Agreement or the other Loan Documents; (c) discharge taxes, Liens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are in good faith with due diligence by appropriate proceedings contesting those items; and (d) pay for the maintenance and preservation of any of the Collateral. Expenses and advances shall be added to the Obligations, until reimbursed to Lender, shall be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any Obligations. Any such payments and advances by Lender shall not be construed as a waiver by Lender of an Event of Default.

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its sole discretion, shall will have the right at any time, and from time to time, without prior notice to Borrowers Borrower if any Credit Party Borrower fails to do so, to: (ai) obtain insurance covering any of the Collateral as required under this Agreementhereunder; (bii) pay for the performance of any Credit Party’s of Borrower's obligations under this Agreement or the other Loan Documentshereunder; (ciii) discharge taxes, Liensliens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers Borrower are in good faith with due diligence by appropriate proceedings contesting those items; and (div) pay for the maintenance and preservation of any of the Collateral. Expenses and advances shall will be added to the ObligationsLoan, until reimbursed to Lender, shall Lender and will be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any ObligationsCollateral. Any such payments and advances by Lender shall will not be construed as a waiver by Lender of an Event of Default.

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its sole discretion, shall have the right at any time, and from time to time, without prior notice to Borrowers Borrower if any Credit Party Borrower fails to do soso in violation of the provisions of this Agreement, to: : (a) obtain insurance covering any of the Collateral as required under this Agreementhereunder; (b) pay for the performance of any Credit Party’s of Borrower's obligations under this Agreement or the other Loan Documentshereunder; (c) discharge taxes, Liensliens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (d) pay for the maintenance and preservation of any of the Collateral. Expenses and advances shall be added to the ObligationsLoan, until reimbursed to Lender, Lender and shall be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any ObligationsCollateral. Any such Such payments and advances by Lender shall not be construed as a waiver by Lender of an Event of Default.

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its sole discretion, shall have the right at any time, and from time to time, without prior notice to Borrowers Borrower if any Credit Party Borrower fails to do so, to: (ai) obtain insurance covering any of the Collateral as required under this Agreement; (bii) pay for the performance of any Credit Party’s of Borrower's obligations under this Agreement or the other Loan DocumentsAgreement; (ciii) discharge taxes, Liensliens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (div) pay for the maintenance and preservation of any of the Collateral, provided Lender provides Borrower with written notice promptly after doing so. Expenses and advances shall be added to the ObligationsLoan, until reimbursed to Lender, Lender and shall be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any ObligationsCollateral. Any such payments and advances by Lender shall not be construed as a waiver by Lender of an Event of Default.

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its sole discretion, shall have the right at any time, and from time to time, without prior notice to Borrowers Borrower but only if any Credit Party Borrower fails to do soso within the time permitted, to: (a) obtain insurance covering any of the Collateral as required under this Agreement; (b) pay for the performance of any Credit Party’s of Borrower's obligations under this Agreement or the other Loan DocumentsAgreement; (c) discharge taxes, Liens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (d) pay for the maintenance and preservation of any of the Collateral. Expenses and advances shall be added to the ObligationsLoan, until reimbursed to Lender, Lender and shall be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any ObligationsCollateral. Any such payments and advances by Lender shall not be construed as a waiver by Lender of an Event of Default.

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its ----------------------------------- sole discretion, shall have the right at any time, and from time to time, without prior notice to Borrowers Borrower if any Credit Party Borrower fails to do so, to: (a) obtain insurance covering any of the Collateral as required under this Agreement; (b) pay for the performance of any Credit Party’s of Borrower's obligations under this Agreement or the other Loan DocumentsAgreement; (c) discharge taxes, Liensliens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (d) pay for the maintenance and preservation of any of the Collateral. Expenses and advances shall be added to the ObligationsLoan, until reimbursed to Lender, Lender and shall be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any ObligationsCollateral. Any such payments and advances by Lender shall not be construed as a waiver by Lender of an Event of Default.

DISCHARGE OF BORROWER'S OBLIGATIONS. Lender, in its sole discretion, shall have the right at any time, and from time to time, time without prior notice to Borrowers Borrower if any Credit Party Borrower fails to do so, to: so after notice and the expiration of ten (10) days thereafter (a) to obtain insurance covering any of the Collateral as required under this Agreementhereunder; (b) pay for the performance of any Credit Party’s of Borrower's obligations under this Agreement or the other Loan Documentshereunder; (c) discharge taxes, Liensliens, security interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (d) pay for the maintenance and preservation of any of the Collateral. Expenses and advances shall be added to the ObligationsLoan, until reimbursed to Lender, Lender and shall be secured by the Collateral and shall accrue interest at the highest interest rate then in effect with respect to any ObligationsCollateral. Any such Such payments and advances by Lender shall not be construed as a waiver by Lender of an Event of Default.