Common use of Expenses Incurred by Lender Clause in Contracts

Expenses Incurred by Lender. In the Lender’s discretion, if the Guarantor fails to do so, the Lender may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto, maintain any of the Collateral, and pay any necessary filing fees or insurance premiums. The Guarantor agrees to reimburse the Lender on demand for all expenditures so made. The Lender shall have no obligation to the Guarantor to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Default or Event of Default.

Expenses Incurred by Lender. In the Lender’s 's discretion, if the Company or any Guarantor fails to do so, the Lender may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto, maintain any of the Collateral, thereto and pay any necessary filing fees or insurance premiums. The Company and each Guarantor agrees agree to reimburse the Lender on demand for all expenditures so made. The Lender shall have no obligation to the Company or any Guarantor to make any such expenditures, nor shall the making thereof be construed as a waiver or cure of any Default or Event of Default.