Common use of Discharge of Liens Clause in Contracts

Discharge of Liens. At its option but without any obligation to do so, the Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant will reimburse the Secured Party on its demand for any payment made, or any expense incurred, by the Secured Party pursuant to this Section 8. All of the foregoing sums paid or advanced by the Secured Party will constitute part of the Obligations and will be secured by the Collateral.

Appears in 11 contracts

Samples: Master Tenant Security Agreement, Master Tenant Security Agreement, Master Tenant Security Agreement

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Discharge of Liens. At its option but without any obligation to do so, the Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the CollateralCollateral (other than Liens created under the First Mortgage Documents), (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant will reimburse the Secured Party on its demand for any payment made, or any expense incurred, by the Secured Party pursuant to this Section 8. All of the foregoing sums paid or advanced by the Secured Party will constitute part of the Obligations and will be secured by the Collateral.

Appears in 7 contracts

Samples: Supplemental Master Tenant Security Agreement, Supplemental Master Tenant Security Agreement, Supplemental Master Tenant Security Agreement

Discharge of Liens. At its option but without any obligation to do so, the Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant Operator will reimburse the Secured Party on its demand for any payment made, or any expense incurred, by the Secured Party pursuant to this Section 87. All of the foregoing sums paid or advanced by the Secured Party will constitute part of the Obligations and will be secured by the Collateral.

Appears in 2 contracts

Samples: Operator Security Agreement, Operator Security Agreement

Discharge of Liens. At its option but without any obligation to do so, the Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant will reimburse the Secured Party on its demand for any payment made, or any expense incurred, by the Secured Party pursuant to this Section 87. All of the foregoing sums paid or advanced by the Secured Party will constitute part of the Obligations and will be secured by the Collateral.

Appears in 2 contracts

Samples: Master Tenant Security Agreement, Master Tenant Security Agreement

Discharge of Liens. At its option but without any obligation to do so, the Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant Debtor will reimburse the Secured Party on its demand for any payment made, or any expense incurred, by the Secured Party pursuant to this Section 87. All of the foregoing sums paid or advanced by the Secured Party will constitute part of the Obligations and will be secured by the Collateral.

Appears in 1 contract

Samples: Security Agreement (Ensign Group, Inc)

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Discharge of Liens. At its option but without any obligation to do so, the Secured Party PartyLender may (a) discharge any taxes or other Liens at any time levied or placed on the Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant will Operator willshall reimburse the Secured Party PartyLender on its demand for any payment made, or any expense incurred, by the Secured Party PartyLender pursuant to this Section 87. All of the foregoing sums paid or advanced by the Secured Party will willLender shall constitute part of the Obligations and will willshall be secured by the Collateral.

Appears in 1 contract

Samples: Security Agreement

Discharge of Liens. At its option but without any obligation to do so, the 438 Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the 439 Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and 440 preservation of the Collateral. The Master Tenant will reimburse the Secured Party on its 441 demand for any payment made, or any expense incurred, by the Secured Party pursuant to this 442 Section 8. All of the foregoing sums paid or advanced by the Secured Party will constitute part 443 of the Obligations and will be secured by the Collateral.

Appears in 1 contract

Samples: Master Tenant Security Agreement

Discharge of Liens. At its option but without any obligation to do so, the Secured Party may (a) discharge any taxes or other Liens at any time levied or placed on the Collateral, (b) pay for insurance on the Collateral, and/or (c) pay for the maintenance and preservation of the Collateral. The Master Tenant will reimburse the Secured Party on its demand for any payment made, or any expense incurred, by the Secured Party pursuant to this Section 87.8. All of the foregoing sums paid or advanced by the Secured Party will constitute part of the Obligations and will be secured by the Collateral.

Appears in 1 contract

Samples: Master Tenant Security Agreement

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