Discharge of Liens. At its option but without any obligation to do so, Lender 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. Operator shall reimburse Lender on its demand for any payment made, or any expense incurred, by Lender pursuant to this Section 7. All of the foregoing sums paid or advanced by Lender shall constitute part of the Obligations and shall be secured by the Collateral.
Appears in 12 contracts
Samples: Security Agreement, Security Agreement, Security Agreement
Discharge of Liens. At its option but without any obligation to do so, Lender 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. Operator shall reimburse Lender on its demand for any payment made, or any expense incurred, by Lender pursuant to this Section 7. All of the foregoing sums paid or advanced by Lender shall constitute part of the Obligations and shall be secured by the Collateral.
Appears in 8 contracts
Samples: Supplemental Operator Security Agreement, Security Agreement, Security Agreement
