Common use of Interest on Advances and Expenses Clause in Contracts

Interest on Advances and Expenses. All Advances made and any reasonable expenses incurred at any time by Lender or Trustee pursuant to the provisions of this Deed of Trust or the other Loan Documents or under applicable law shall be secured by this Deed of Trust as part of the Indebtedness, with equal rank and priority. All such Advances and expenses shall bear interest at the Default Rate from the date that each such Advance or expenses is made or incurred to the date of repayment and all such Advances and expenses with interest thereon shall be paid to Lender by Borrower upon demand therefor.

Appears in 3 contracts

Samples: Deed of Trust (Kilroy Realty, L.P.), Deed of Trust (Kilroy Realty, L.P.), Deed of Trust (Kilroy Realty, L.P.)

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Interest on Advances and Expenses. All Advances made and any reasonable expenses incurred at any time by Trustee or Lender or Trustee pursuant to the provisions of this Deed of Trust or the other Loan Documents or under applicable law shall be secured by this Deed of Trust as part of the Indebtedness, with equal rank and priority. All such Advances and expenses shall bear interest at the Default Rate from the date that each such Advance or expenses is made or incurred to the date of repayment and all such Advances and expenses with interest thereon shall be paid payable to Lender by Borrower upon demand thereforon demand.

Appears in 3 contracts

Samples: Deed of Trust and Security Agreement (Felcor Lodging Trust Inc), Deed of Trust and Security Agreement (Felcor Lodging Trust Inc), Accommodation Cross Collateralization Deed of Trust and Security Agreement (Felcor Lodging Trust Inc)

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Interest on Advances and Expenses. All Advances made and any reasonable expenses incurred at any time by Trustee or Lender or Trustee pursuant to the provisions of this Deed of Trust or the other Loan Documents or under applicable law shall be secured by this Deed of Trust as part of the Indebtedness, with equal rank and priority. All such Advances and expenses shall bear interest at the Default Rate from the date that each such Advance or expenses expense is made or incurred to the date of repayment and all such Advances and expenses with interest thereon shall be paid payable to Lender by Borrower upon demand thereforon demand.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Arden Realty Inc)

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