Common use of Lender’s Right to Cure Clause in Contracts

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations hereunder or under any other Loan Document, then Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due Lender, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate from the date such sums are expended until repaid by Borrower.

Appears in 11 contracts

Samples: Loan and Security Agreement (Youngevity International, Inc.), Loan and Security Agreement, Loan and Security Agreement (BTHC X Inc)

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Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations hereunder or under any other of the Loan DocumentDocuments, then Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due LenderIn any such event, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 3.1 hereof from the date such sums are expended until repaid by Borrower.

Appears in 8 contracts

Samples: Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp)

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations obligations hereunder or under any other Loan Documentof the Relevant Documents, then Lender, in addition to all of its rights and remedies hereunder, may perform the samesame at the cost and expense, or for the account, of Borrower, but shall not be obligated to do so. In any such event, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due Lender, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 1.2 hereof from the date such sums are expended until repaid by Borrower.

Appears in 2 contracts

Samples: Loan Security and Service Agreement (Auto Underwriters of America, Inc.), Security and Service Agreement (Easy Money Holding Corp)

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations responsibilities hereunder or under any other Loan Documentof the Relevant Documents, then Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due LenderIn any such event, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 4.3 hereof from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Bogen Communications International Inc)

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations obligations hereunder or under any other Loan Documentof the Relevant Documents, then Lender, in addition to all of its rights and remedies hereunder, may perform the samesame at the cost and expense, or for the account, of Borrower, but shall not be obligated to do so. In any such event, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due Lender, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 1 .2 hereof from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan, Security and Service Agreement (Thatlook Com Inc/Nv)

Lender’s Right to Cure. In the event Borrower is in default of ----------------------- and shall fail to perform any of its Obligations obligations hereunder or under any other Loan Documentof the Relevant Documents, then Lender, in addition to all of its rights and remedies hereunder, may perform the samesame at the cost and expense, or for the account, of Borrower, but shall not be obligated to do so. In any such event, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due Lender, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 1.2 hereof from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan, Security and Service Agreement (TFC Enterprises Inc)

Lender’s Right to Cure. In the event the ---------------------- Borrower shall fail to perform any of its Obligations hereunder or under any other of the Loan DocumentDocuments, then the Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of the Borrower. Such costs and expenses shall be added to In any such event, the amount of the Obligations due Lender, and Borrower shall promptly reimburse the Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 2.4 hereof from the date such sums are expended until repaid by the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Cadapult Graphic Systems Inc)

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations responsibilities hereunder or under any other Loan Documentof the Relevant Documents, then Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due LenderIn any such event, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Programmers Paradise Inc)

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Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations hereunder or under any other of the Loan DocumentDocuments, then and after the occurrence and continuance of an Event of Default, Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due LenderIn any such event, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate rate set forth in Section 3.1 hereof from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Kahala Corp/)

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations hereunder or under any of the other Loan DocumentDocuments, then Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due Lender, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Jagged Peak, Inc.)

Lender’s Right to Cure. In the event the Borrower shall fail to perform any of its Obligations obligations hereunder or under any other of the Loan DocumentDocuments, then the Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of the Borrower. Such costs and expenses shall be added to In any such event, the amount of the Obligations due Lender, and Borrower shall promptly reimburse the Lender for such amounts together with interest at the Default Interest Rate from the date such sums are expended until repaid by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Comstock Homebuilding Companies, Inc.)

Lender’s Right to Cure. In the event Borrower shall fail to perform any of its Obligations hereunder or under any of the other Loan DocumentDocuments, then Lender, in addition to all of its rights and remedies hereunder, may perform the same, but shall not be obligated to do so, at the cost and expense of Borrower. Such costs and expenses shall be added to the amount of the Obligations due LenderIn any such event, and Borrower shall promptly reimburse Lender for such amounts together with interest at the Default Interest Rate from the date such sums are expended until repaid by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ilx Inc/Az/)

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