LENDER'S PAYMENT OF CLAIMS. Lender may, in its sole discretion, discharge or obtain the release of any security interest, lien, claim or encumbrance asserted by any person against the Collateral. All sums paid by Lender in respect thereof shall be payable, on demand, by Borrower to Lender and shall be a part of the Indebtedness.
Appears in 11 contracts
Samples: Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Thaxton Group Inc)
LENDER'S PAYMENT OF CLAIMS. Lender may, in its sole discretion, discharge or obtain the release of any security interest, lien, claim or encumbrance asserted by any person Person against the Collateral, other than a Permitted Lien. All sums paid by Lender in respect thereof shall be payable, on demand, by Borrower Guarantors to such Lender and shall be a part of the IndebtednessObligations.
Appears in 5 contracts
Samples: Subsidiary Security Agreement (Cover All Technologies Inc), Subsidiary Security Agreement (Cover All Technologies Inc), Subsidiary Security Agreement (Cover All Technologies Inc)
LENDER'S PAYMENT OF CLAIMS. Lender may, in its sole discretion, discharge or obtain the release of any security interest, lienLien, claim or encumbrance asserted by any person Person against the Collateral. All sums paid by Lender in respect thereof shall be payable, on demand, by Borrower to Lender and shall be a part of the IndebtednessOutstanding Facility Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Portfolio Recovery Associates Inc)
