Lender May Perform. If Debtor fails to perform any covenant or agreement contained in this Agreement, Lender may itself perform, or cause performance of, such covenant or agreement, and the expenses of Lender incurred in connection therewith shall be payable by Debtor and/or payable under the Note as a Discretionary Advance.
Appears in 2 contracts
Samples: Security Agreement (United Development Funding III, LP), Security Agreement (United Development Funding III, LP)
Lender May Perform. If any Debtor fails to perform any covenant or agreement contained in this Agreement, Lender may itself perform, or cause performance of, such covenant or agreement, and the expenses of Lender incurred in connection therewith shall be payable by Debtor and/or payable under the Note as a Discretionary Advance.
Appears in 2 contracts
Samples: Security Agreement (United Development Funding III, LP), Security Agreement (United Development Funding III, LP)
Lender May Perform. If Debtor Borrower fails to perform any covenant or agreement contained in this Agreement, Lender may itself perform, or cause performance of, such covenant or agreement, and the expenses of Lender incurred in connection therewith shall be payable by Debtor and/or payable Borrower under the Note as a Discretionary AdvanceSection 15(b).
Appears in 1 contract
Samples: Security Agreement (United Development Funding III, LP)
Lender May Perform. If Debtor Borrower fails to perform any covenant or agreement contained in this Agreement, Lender may itself perform, or cause performance of, such covenant or agreement, and the expenses of Lender incurred in connection therewith shall be payable by Debtor and/or payable become a part of the Obligations under the Note as a Discretionary Advancethis Agreement.
Appears in 1 contract
Samples: Security Agreement (Decorize Inc)