Common use of Other Disbursements and Protective Advances Clause in Contracts

Other Disbursements and Protective Advances. All disbursements and other advances made by Xxxxxx for (i) the payment of Taxes, maintenance, care, protection or insurance on or with respect to the Trust Estate; (ii) the discharge of Liens having priority over the lien of this Deed of Trust; (iii) the curing of waste of the Trust Estate; (iv) indemnification obligations regarding environmental liabilities associated with the Trust Estate; (v) service charges and expenses incurred by reason of a default hereunder, including late charges, attorneys’ fees and court costs; and (vi) all other charges, disbursements, advances, costs and expenses now or hereafter incurred by Lender pursuant to any of the Loan Documents or as permitted by Applicable Law, in all cases with interest thereon until paid at the rate of 10% per annum. Notwithstanding the foregoing, Lender shall have no obligation to make any disbursements or advance any sums as a result of this subsection. ​

Appears in 2 contracts

Samples: Lodging Fund REIT III, Inc., Lodging Fund REIT III, Inc.

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Other Disbursements and Protective Advances. All disbursements and other advances made by Xxxxxx Lender for (i) the payment of Taxes, maintenance, care, protection or insurance on or with respect to the Trust EstateMortgaged Property; (ii) the discharge of Liens having priority over the lien of this Deed of TrustMortgage; (iii) the curing of waste of the Trust EstateMortgaged Property; (iv) indemnification obligations regarding environmental liabilities associated with the Trust EstateMortgaged Property; (v) service charges and expenses incurred by reason of a default hereunder, including late charges, attorneys’ fees and court costs; and (vi) all other charges, disbursements, advances, costs and expenses now or hereafter incurred by Lender pursuant to any of the Loan Documents or as permitted by Applicable Law, in all cases with interest thereon until paid at the rate of 10% per annum. Notwithstanding the foregoing, Lender shall have no obligation to make any disbursements or advance any sums as a result of this subsection. ​.

Appears in 1 contract

Samples: Security Agreement (Lodging Fund REIT III, Inc.)

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Other Disbursements and Protective Advances. All disbursements and other advances made by Xxxxxx Lender for (i) the payment of Taxes, maintenance, care, protection or insurance on or with respect to the Trust Estate; (ii) the discharge of Liens having priority over the lien of this Deed of Trust; (iii) the curing of waste of the Trust Estate; (iv) indemnification obligations regarding environmental liabilities associated with the Trust Estate; (v) service charges and expenses incurred by reason of a default hereunder, including late charges, attorneys’ fees and court costs; and (vi) all other charges, disbursements, advances, costs and expenses now or hereafter incurred by Lender pursuant to any of the Loan Documents or as permitted by Applicable Law, in all cases with interest thereon until paid at the default interest rate of 10% per annumapplicable to the Loan. Notwithstanding the foregoing, Lender shall have no obligation to make any disbursements or advance any sums as a result of this subsection. Obligations Generally. Payment and performance of all other Obligations, including any other obligations that are stated in this Deed of Trust to be included as Secured Obligations.

Appears in 1 contract

Samples: Lodging Fund REIT III, Inc.

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