Common use of EXPENDITURES BY LENDER Clause in Contracts

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 of this Agreement or any of the Financing Agreements, required to pay, or fails to keep the Collateral free from other security interests, liens, or encumbrances, except as permitted in this Agreement, the Lender may, in its sole discretion, make expenditures for any or all of these purposes, and the amount so expended, together with interest at the rate of eighteen percent (18%) per annum, 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, costs or expenses which the Borrower is, under any of the terms of this Agreement or any of the Financing Agreementshereof, required to paypay or caused to be paid, or fails to keep the Collateral or its other property free from other security interests, liens, or encumbrancesLiens, except as permitted in this Agreementherein, the Lender may, in its sole discretion, make expenditures for any or all of these such purposes, and the amount so expended, together with interest thereon at the rate applicable to Liabilities constituting part of eighteen percent (18%) per annumthe 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, costs or expenses which the Borrower is, under any of the terms of this Agreement or any of the Financing Agreementshereof, required to pay, or fails to keep the Borrower's Collateral free from other security interests, liens, liens or encumbrances, except as permitted in this Agreementherein, the Lender may, in its sole discretion, make expenditures for any or all of these such purposes, and the amount so expended, together with interest thereon at the rate of eighteen percent (18%) per annumprescribed 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 of this Agreement or any of the Financing Agreementshereof, required to pay, or fails to keep the Collateral free from other security interests, liens, claims, charges or other encumbrances, except as permitted in this Agreementherein, the Lender may, in its sole discretion, make expenditures for any or all of these such purposes, and the amount so expended, together with interest thereon at the post-default rate of eighteen percent (18%) per annumprescribed in Section 2.4, shall be part of the Liabilities, payable on demand and secured by the Collateral.