Common use of Foothill Expenses Clause in Contracts

Foothill Expenses. Borrower shall immediately and without demand reimburse Foothill for all sums expended by Foothill which constitute Foothill Expenses and Borrower hereby authorizes and approves all advances and payments by Foothill for items constituting Foothill Expenses. Any Foothill Expenses not paid promptly by Borrower shall constitute Obligations and shall accrue interest at the rate and in the manner of Obligations existing under the Term Note.

Appears in 2 contracts

Samples: Security Agreement (Leisure Time Casinos & Resorts Inc), Security Agreement (Leisure Time Casinos & Resorts Inc)

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Foothill Expenses. Borrower shall immediately and without demand reimburse Foothill for all sums expended by Foothill which constitute Foothill Expenses and Borrower hereby authorizes and approves all advances and payments by Foothill for items constituting Foothill Expenses. Any Foothill Expenses not paid promptly by Borrower shall constitute Obligations and shall accrue interest at the rate and in the manner of Obligations existing under the Term Note.by

Appears in 1 contract

Samples: Security Agreement (Leisure Time Casinos & Resorts Inc)

Foothill Expenses. Borrower Obligor shall immediately and without demand reimburse Foothill for all sums expended by Foothill which constitute Foothill Expenses and Borrower Obligor hereby authorizes and approves all advances and payments by Foothill for items constituting Foothill Expenses. Any Foothill Expenses not paid promptly by Borrower Obligor shall constitute Obligations and shall accrue interest at the rate and in the manner of Obligations existing under the Term Note.

Appears in 1 contract

Samples: Equipment Security Agreement (Leisure Time Casinos & Resorts Inc)

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Foothill Expenses. Borrower shall immediately and without demand reimburse Foothill for all sums expended by Foothill which constitute Foothill Expenses and Borrower hereby authorizes and approves all advances and payments by Foothill for items constituting Foothill Expenses. Any Foothill Expenses not paid promptly by Borrower shall constitute Obligations and shall accrue interest at the rate and in the manner of Obligations existing under the Term Note.. [FFI\AGR:FOOTSEC.AGR]

Appears in 1 contract

Samples: Promissory Note and Security Agreement (Morellis Nona Ii Inc)

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