Common use of Interest on Costs Clause in Contracts

Interest on Costs. If Costs arise, the Borrower will pay interest on such Costs (and interest on overdue interest) from the time the Costs arise until the Costs are paid as follows: a. if such Costs arise under an Agreement, then the interest will be paid on such Costs at the rate and with the frequency and otherwise in accordance with such Agreement; and b. if such Costs arise solely under this Mortgage, without regard to a particular Agreement, then the Lender will attribute such Costs to any Agreement that the Lender chooses and interest on such Costs will be payable at the rate, with the frequency and otherwise in accordance with such Agreement.

Appears in 8 contracts

Samples: Mortgage, Mortgage, Mortgage

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Interest on Costs. If Costs arise, the Borrower will pay interest on such Costs (and interest on overdue interest) from the time the Costs arise until the Costs are paid as follows: a. : (i) if such Costs arise under an a Credit Agreement, then the interest will be paid on such Costs at the rate and with the frequency frequency, and otherwise otherwise, in accordance with such Credit Agreement; and b. and (ii) if such Costs arise solely under this MortgageCharge, without regard to a particular Agreement, then the Lender Bank will attribute such Costs to any Credit Agreement that the Lender Bank chooses and interest on such Costs will be payable at the rate, with the frequency frequency, at the times, and otherwise otherwise, in accordance with such Credit Agreement.

Appears in 4 contracts

Samples: Mortgage Agreement, Mortgage Agreement, Mortgage Agreement

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Interest on Costs. If Costs arise, the Borrower will pay interest on such Costs (and interest on overdue interest) from the time the Costs arise until the Costs are paid as followsasfollows: a. if such Costs arise under an Agreement, then the interest will be paid on such Costs at the rate and with the frequency and otherwise in accordance with such Agreement; and b. if such Costs arise solely under this Mortgage, without regard to a particular Agreement, then the Lender will attribute such Costs to any Agreement that the Lender chooses and interest on such Costs will be payable at the rate, with the frequency and otherwise in accordance with such Agreement.

Appears in 1 contract

Samples: Mortgage

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