Failure to Pay Insurance. If Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Account, and charge Borrower's Account therefor and such expenses so paid shall be part of the Obligations.
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Failure to Pay Insurance. If the Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, the Lender, if Lender so electsin its sole discretion, may obtain such insurance and pay the premium therefor for the Borrower's Accountaccount, and charge the Borrower's Account therefor account therefore and such expenses premium so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Tristar Corp
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's AccountBorrowers, account, and charge Borrower's Account therefor Borrowers' account therefor, and such expenses so paid shall be part of the Obligations.
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Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower. Borrowers shall reimburse Lender for Borrower's Accountsuch premium immediately upon demand and, and charge Borrower's Account therefor and such expenses so paid if not promptly paid, shall accrue interest at the Default Rate. All of the foregoing Obligations shall be part of secured by the ObligationsCollateral.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Accountsuch Borrowers' account, and charge Borrower's Account Borrowers' account therefor and such expenses so paid shall be part of the Obligations.
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Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for on behalf of such Borrower's Account, and charge Borrower's ’s Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Franklin Electronic Publishers Inc)
Failure to Pay Insurance. If the Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lenderthe Lender may, if Lender it so elects, may obtain such insurance and pay the premium therefor for on behalf of the Borrower's Account, and charge Borrower's Account therefor as a Revolving Advance and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Fidelity National Information Solutions Inc)
Failure to Pay Insurance. If the Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, the Lender, if the Lender so elects, may obtain such insurance and pay the premium therefor for the Borrower's Accountaccount, and charge Borrower's Account therefor any account of the Borrower therefore and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)
Failure to Pay Insurance. If Borrower fails to obtain insurance as hereinabove provided, or to and keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Account, and charge Borrower's Account therefor and such expenses so paid shall be part of the Obligations.
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Failure to Pay Insurance. If Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Accountaccount, and charge Borrower's Account account therefor and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Credit and Security Agreement (Prima Group International Inc)
Failure to Pay Insurance. If the Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, the Lender, if the Lender so elects, may obtain such insurance and pay the premium therefor for the Borrower's Account, account and charge the Borrower's Account therefor account therefore and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's AccountBorrowers' account, and charge Borrower's Account Borrowers' account therefor and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for on behalf of Borrower's Account, and charge Borrower's Account therefor and such expenses so paid shall be part of the ObligationsObligations and shall be paid by Borrower to Lender, on demand.
Appears in 1 contract
Samples: Term Loan and Security Agreement (U S Wireless Data Inc)
Failure to Pay Insurance. If Borrower fails the Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, the Lender, if the Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Accountthe Borrowers' account, and charge Borrower's Account therefor the Borrowers' account therefore and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Credit and Security Agreement (Canisco Resources Inc)
Failure to Pay Insurance. If Borrower fails to obtain or to cause Guarantor to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Accountaccount, and charge Borrower's Account account therefor and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Credit and Security Agreement (Cold Metal Products Inc)
Failure to Pay Insurance. If the Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, the Lender, if the Lender so elects, may obtain such insurance and pay the premium therefor thereof for the Borrower's Accountaccount, and charge the Borrower's Account therefor account therefore and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Advanced Lighting Technologies Inc)
Failure to Pay Insurance. If Borrower fails the Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, the Lender, if the Lender so elects, may obtain such insurance and pay the premium therefor for Borrower's Accountthe Borrowers' account, and charge Borrower's Account therefor any account of Borrowers therefore and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)
Failure to Pay Insurance. If Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Lender, if Lender so elects, may obtain such insurance and pay the premium therefor for on behalf of Borrower's Account, and charge Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations. 4.13.
Appears in 1 contract
Samples: Credit, Term Loan And Security Agreement (Measurement Specialties Inc)