Common use of Expenditures and Expenses Clause in Contracts

Expenditures and Expenses. In any action to foreclose the lien hereof or otherwise enforce Trustee’s, Agent’s or Lender’s rights and remedies hereunder, there shall be allowed and included as additional Indebtedness all Costs (as defined in the Loan Agreement) which may be paid or incurred by or on behalf of Trustee, Agent, or Lender; including without limitation, the costs of collection, enforcement, retaining, holding, preparing for disposition, processing and disposing of the Personal Property. All Costs and such other reasonable costs, expenses and fees as may be incurred by Trustee, Agent or Lender in the protection of the Property and the maintenance of the lien of this Deed of Trust, including, reasonable attorneys’ fees and costs in any litigation or proceeding affecting this Deed of Trust, the Note, the other Loan Documents, the Property or the Personal Property, including probate, appellate, and bankruptcy proceedings and any post-judgment proceedings to collect or enforce any judgment or order relating to this Deed of Trust or the other Loan Documents or in preparation for the commencement or defense of any action or proceeding or threatened action or proceeding, shall be immediately due and payable to Lender, with interest thereon at the Default Rate, and shall be secured by this Deed of Trust.

Appears in 3 contracts

Samples: Grubb & Ellis Healthcare REIT II, Inc., Grubb & Ellis Healthcare REIT II, Inc., Grubb & Ellis Healthcare REIT II, Inc.

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Expenditures and Expenses. In any action to foreclose the lien hereof or otherwise enforce Trustee’s, Agent’s or Lender’s rights and remedies hereunder, there shall be allowed and included as additional Indebtedness all Costs (as defined in the Loan Agreement) which may be paid or incurred by or on behalf of Trustee, Agent, Agent or Lender; including without limitation, the costs of collection, enforcement, retaining, holding, preparing for disposition, processing and disposing of the Personal Property. All Costs and such other reasonable costs, expenses and fees as may be incurred by Trustee, Agent or Lender in the protection of the Property and the maintenance of the lien of this Deed of TrustMortgage, including, reasonable attorneys’ fees and costs in any litigation or proceeding affecting this Deed of TrustMortgage, the Note, the other Loan Documents, the Property or the Personal Property, including probate, appellate, and bankruptcy proceedings and any post-judgment proceedings to collect or enforce any judgment or order relating to this Deed of Trust Mortgage or the other Loan Documents or in preparation for the commencement or defense of any action or proceeding or threatened action or proceeding, shall be immediately due and payable to Lender, with interest thereon at the Default Rate, and shall be secured by this Deed of TrustMortgage.

Appears in 2 contracts

Samples: Construction and Leasehold Mortgage (Grubb & Ellis Healthcare REIT II, Inc.), Grubb & Ellis Healthcare REIT II, Inc.

Expenditures and Expenses. In any action to foreclose the lien hereof or otherwise enforce Trustee’s, Agent’s or Lender’s rights and remedies hereunder, there shall be allowed and included as additional Indebtedness all Costs (as defined in the Loan Agreement) which may be paid or incurred by or on behalf of Trustee, Agent, or Lender; including without limitation, the costs of collection, enforcement, retaining, holding, preparing for disposition, processing and disposing of the Personal Property. All Costs and such other reasonable costs, expenses and fees as may be incurred by Trustee, Agent or Lender in the protection of the Property and the maintenance of the lien of this Deed of Trust, including, reasonable attorneys’ fees and costs in any litigation or proceeding affecting this Deed of Trust, the Note, the other Loan Documents, the Property or the Personal Property, including probate, appellate, and bankruptcy proceedings and any post-post judgment proceedings to collect or enforce any judgment or order relating to this Deed of Trust or the other Loan Documents or in preparation for the commencement or defense of any action or proceeding or threatened action or proceeding, shall be immediately due and payable to Lender, with interest thereon at the Default Rate, and shall be secured by this Deed of Trust.

Appears in 1 contract

Samples: Grubb & Ellis Healthcare REIT II, Inc.

Expenditures and Expenses. In any action to foreclose the lien hereof or otherwise enforce Trustee’senforce, Agent’s or Lender’s rights and remedies hereunder, there shall be allowed and included as additional Indebtedness all Costs (as defined in the Loan Agreement) which may be paid or incurred by or on behalf of Trusteeof, Agent, or Lender; including without limitation, the costs of collection, enforcement, retaining, holding, preparing for disposition, processing and disposing of the Personal Property. All Costs and such other reasonable costs, expenses and fees as may be incurred by Trusteeby, Agent or Lender in the protection of the Property and the maintenance of the lien of this Deed of TrustMortgage, including, reasonable attorneys’ fees and costs in any litigation or proceeding affecting this Deed of TrustMortgage, the Note, the other Loan Documents, the Property or the Personal Property, including probate, appellate, and bankruptcy proceedings and any post-post judgment proceedings to collect or enforce any judgment or order relating to this Deed of Trust Mortgage or the other Loan Documents or in preparation for the commencement or defense of any action or proceeding or threatened action or proceeding, shall be immediately due and payable to Lender, with interest thereon at the Default Rate, and shall be secured by this Deed of TrustMortgage.

Appears in 1 contract

Samples: Multiple Indebtedness (Grubb & Ellis Healthcare REIT II, Inc.)

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Expenditures and Expenses. In any action to foreclose the lien hereof or otherwise enforce Trustee’s, Agent’s or LenderXxxxxx’s rights and remedies hereunder, there shall be allowed and included as additional Indebtedness all Costs (as defined in the Loan Agreement) which may be paid or incurred by or on behalf of Trustee, Agent, Agent or Lender; including without limitation, the costs of collection, enforcement, retaining, holding, preparing for disposition, processing and disposing of the Personal Property. All Costs and such other reasonable costs, expenses and fees as may be incurred by Trustee, Agent or Lender in the protection of the Property and the maintenance of the lien of this Deed of TrustMortgage, including, reasonable attorneys’ fees and costs in any litigation or proceeding affecting this Deed of TrustMortgage, the Note, the other Loan Documents, the Property or the Personal Property, including probate, appellate, and bankruptcy proceedings and any post-judgment proceedings to collect or enforce any judgment or order relating to this Deed of Trust Mortgage or the other Loan Documents or in preparation for the commencement or defense of any action or proceeding or threatened action or proceeding, shall be immediately due and payable to Lender, with interest thereon at the Default Rate, and shall be secured by this Deed of TrustMortgage.

Appears in 1 contract

Samples: Grubb & Ellis Healthcare REIT II, Inc.

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