Common use of EXPENDITURES BY LENDER Clause in Contracts

EXPENDITURES BY LENDER. In the event Borrower shall fail to pay taxes, insurance, assessments, costs or expenses which Borrower is, under any of the terms hereof, required to pay or caused to be paid, or fails to keep the Collateral or its other property free from other Liens, except as permitted herein, Lender may, in its sole discretion, make expenditures for any or all of such purposes, and the amount so expended, together with interest thereon at the rate applicable to Liabilities constituting part of the Revolving Loan, shall be part of the Liabilities, payable on demand and secured by the Collateral.

EXPENDITURES BY LENDER. In the event the Borrower shall fail to pay taxes, insurance, assessments, costs or expenses which the Borrower is, under any of the terms hereof, required to pay or caused to be paidpay, or fails to keep the Collateral or its other property free from other Lienssecurity interests, liens, claims, charges or other encumbrances, except as permitted herein, Lender may, in its sole discretion, make expenditures for any or all of such purposes, and the amount so expended, together with interest thereon at the post-default rate applicable to Liabilities constituting part of the Revolving Loanprescribed in Section 2.4, shall be part of the Liabilities, payable on demand and secured by the Collateral.

EXPENDITURES BY LENDER. In the event Borrower shall fail to pay taxes, insurance, assessments, costs or expenses which Borrower is, under any of the terms hereof, required to pay or caused to be paidpay, or fails to keep the Borrower's Collateral or its other property free from other Lienssecurity interests, liens or encumbrances, except as permitted herein, Lender may, in its sole discretion, make expenditures for any or all of such purposes, and the amount so expended, together with interest thereon at the rate applicable to Liabilities constituting part of the Revolving Loanprescribed in SUBSECTION 2.4 above, shall be part of the Borrower's Liabilities, payable on demand and secured by the Collateral.

EXPENDITURES BY LENDER. In the event the Borrower shall fail to pay taxes, insurance, assessments, costs costs, or expenses which the Borrower is, under any of the terms hereofof this Agreement or any of the Financing Agreements, required to pay or caused to be paidpay, or fails to keep the Collateral or its other property free from other Lienssecurity interests, liens, or encumbrances, except as permitted hereinin this Agreement, the Lender may, in its sole discretion, make expenditures for any or all of such these purposes, and the amount so expended, together with interest thereon at the rate applicable to Liabilities constituting part of the Revolving Loaneighteen percent (18%) per annum, shall be part of the Liabilities, payable on demand and secured by the Collateral.

EXPENDITURES BY LENDER. In the event Borrower shall fail to pay taxes, insurance, assessments, costs or expenses which Borrower is, under any of the terms hereof, required to pay or caused to be paidpay, or fails to keep the Collateral or its other property free from other Lienssecurity interests, liens or encumbrances, except as permitted herein, Lender may, in its sole discretiondiscretion exercised in good faith, make expenditures for any or all of such purposes, and the amount so expended, together with interest thereon at the rate applicable to Liabilities constituting part of the Revolving Loanprescribed in subsection 2.7(A) hereof, shall be part of the Liabilities, payable on demand and secured by the Collateral.

EXPENDITURES BY LENDER. In the event Borrower shall fail to pay ---------------------- taxes, insurance, assessments, costs or expenses which Borrower is, under any of the terms hereof, required to pay or caused to be paidpay, or fails to keep the Borrower's Collateral or its other property free from other Lienssecurity interests, liens or encumbrances, except as permitted herein, Lender may, in its sole discretion, make expenditures for any or all of such purposes, and the amount so expended, together with interest thereon at the rate applicable to Liabilities constituting part of the Revolving Loanprescribed in subsection 2.4 above, shall be part of the Borrower's -------------- Liabilities, payable on demand and secured by the Collateral.