Common use of Impositions; Protection of Agent’s Interests Clause in Contracts

Impositions; Protection of Agent’s Interests. To protect, perfect, or enforce, from time to time, Agent’s rights or interests in the Collateral, Agent may, in its discretion (but without any obligation to do so), (i) discharge any Liens (other than Permitted Liens so long as no Event of Default, which has not been waived by the Secured Creditors, has occurred and is continuing) at any time levied or placed on the Collateral, (ii) pay any insurance to the extent any Borrower has failed to timely pay the same, (iii) maintain guards where any Collateral is located if an Event of Default has occurred, which has not been waived by the Secured Creditors, and is continuing, and (iv) obtain any record from any service bureau and pay such service bureau the cost thereof. All costs and expenses incurred by Agent in exercising its discretion under this Section 3.4 will be part of the Obligations, payable on Agent’s demand and secured by the Loan Collateral.

Impositions; Protection of Agent’s Interests. To protect, perfect, or enforce, from time to time, Agent’s rights or interests in the Collateral, Agent may, in its discretion (but without any obligation to do so), (i) discharge any Liens (other than Permitted Liens so long as no Event of Default, which has not been waived by the Secured Creditors, has occurred and is continuing) at any time levied or placed on the Collateral, (ii) pay any insurance to the extent any Borrower Guarantor has failed to timely pay the same, (iii) maintain guards where any Collateral is located if an Event of Default has occurred, which has not been waived by the Secured Creditors, and is continuing, and (iv) obtain any record from any service bureau and pay such service bureau the cost thereof. All costs and expenses incurred by Agent in exercising its discretion under this Section 3.4 will be part of the Secured Obligations, payable on Agent’s demand and secured by the Loan Collateral.

Impositions; Protection of Agent’s Interests. To protect, perfect, or enforce, from time to time, Agent’s rights or interests in the Collateral, Agent may, in its discretion (but without any obligation to do so), (i) discharge any Liens (other than Permitted Liens so long as no Event of Default, which has not been waived by the Secured Creditors, Default has occurred and is continuing) at any time levied or placed on the Collateral, (ii) pay any insurance to the extent any Borrower Grantor has failed to timely pay the same, (iii) if determined by the Agent, in its reasonable judgment, to be necessary to protect the Collateral, maintain guards where any Collateral is located if an Event of Default has occurred, which has not been waived by the Secured Creditors, occurred and is continuing, and (iv) obtain any record from any service bureau and pay such service bureau the cost thereof. All costs and expenses incurred by Agent in exercising its discretion under this Section 3.4 will be part of the Obligations, payable on Agent’s demand and secured by the Loan Collateral.