Common use of Lender Entitled to Perform Covenants Clause in Contracts

Lender Entitled to Perform Covenants. If the Borrower shall fail to perform any covenant on their part contained in section 6.01, the Lender may, in its discretion, perform any of the said covenants capable of being performed by it and, if any such covenant requires the payment or expenditure of money, the Lender may make such payments (in which event such payment(s) shall be deemed to increase the principal amount of the outstanding loan by the amount of such payment or expenditure of money) but shall be under no obligation so to do.

Lender Entitled to Perform Covenants. If the Borrower shall fail or any Obligor fails to perform any covenant on their part contained in section 6.01Section 6.1, the Lender may, in its discretion, perform any of the said covenants such covenant capable of being performed by it and, and if any such covenant requires the payment or expenditure of money, money the Lender may make such payments (in which event such payment(s) payments. All sums so expended by the Lender shall be deemed to increase the principal amount form part of the outstanding loan Obligations, shall bear interest at the same rate as the Loan from time to time and shall be payable by the amount of such payment or expenditure of money) but shall be under no obligation so to doBorrower on demand.

Lender Entitled to Perform Covenants. If the Borrower shall fail fails to perform any covenant on their part contained in section 6.01, Section 6.1 the Lender may, in its discretion, perform any of the said covenants such covenant capable of being performed by it and, and if any such covenant requires the payment or expenditure of money, money the Lender may make such payments (in which event such payment(s) payments. All sums so expended by the Lender shall be deemed to increase the principal amount form part of the outstanding loan Obligations, shall bear interest at the same rate as the Loan from time to time and shall be payable by the amount of such payment or expenditure of money) but shall be under no obligation so to doBorrower on demand.

Lender Entitled to Perform Covenants. If the Borrower shall fail to perform any covenant on their part contained in section 6.01, the Lender may, in its discretion, perform any of the said covenants capable of being performed by it and, if any such covenant requires the payment or expenditure of money, the Lender may make such payments (in which event such payment(s) shall be deemed to increase the principal amount of the outstanding loan by the amount of such payment or expenditure of moneybe Advances) but shall be under no obligation so to do.

Lender Entitled to Perform Covenants. If the Borrower shall fail or any Obligor fails to perform any covenant on their part contained in section 6.01Section 7.1, the Lender may, in its discretion, perform any of the said covenants such covenant capable of being performed by it and, and if any such covenant requires the payment or expenditure of money, money the Lender may make such payments (in which event such payment(s) payments. All sums so expended by the Lender shall be deemed to increase the principal amount form part of the outstanding loan Obligations, shall bear interest at the same rate as the Loan from time to time and shall be payable by the amount of such payment or expenditure of money) but shall be under no obligation so to doBorrower on demand.