Common use of Other RLC Advances by Lender Clause in Contracts

Other RLC Advances by Lender. Lender, after giving fifteen (15) days prior written notice to Borrower to allow for corrective action, from time to time, may make RLC Advances in any amount in payment of accrued and unpaid (i) insurance premiums, taxes, assessments, liens or encumbrances existing against property encumbered by the Security Documents, (ii) any charges and expenses that are the obligation of Borrower under this Credit Agreement or any Security Document, and (iii) any charges or matters necessary to preserve the property encumbered by the Security Documents or to cure any still existing Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Gumtech International Inc \Ut\), Credit Agreement (Matrixx Initiatives Inc)

AutoNDA by SimpleDocs

Other RLC Advances by Lender. Lender, after giving fifteen (15) days prior written notice to Borrower Borrowers to allow for corrective action, from time to time, may make RLC Advances in any amount in payment of accrued and unpaid (i) insurance premiums, taxes, assessments, liens or encumbrances existing against property encumbered by interest accrued and payable upon the Security DocumentsRLC, (ii) any charges and expenses that are the obligation of Borrower Borrowers under this Credit Agreement or any Security Document, and (iii) any charges or matters necessary to preserve the property encumbered by the Security Documents or to cure any still existing Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Global Entertainment Corp)

Other RLC Advances by Lender. Lender, after giving fifteen ten (1510) days prior written notice to Borrower to allow for corrective actionBorrower, from time to time, may make RLC Advances in any amount in payment of accrued and unpaid (i) insurance premiums, taxes, assessments, liens or encumbrances existing against property encumbered by the Security Documents, (ii) interest accrued and payable upon the RLC, (iii) any charges and expenses that are the obligation of Borrower under this Credit Loan Agreement or any Security Document, and (iiiiv) any charges or matters necessary to preserve the property encumbered by the Security Documents or to cure any still existing Event of Default.

Appears in 1 contract

Samples: Loan Agreement (Continental Circuits Corp)

AutoNDA by SimpleDocs

Other RLC Advances by Lender. Lender, after giving fifteen ten (1510) days prior written notice to Borrower to allow for corrective actionBorrower, from time to time, may make RLC Advances in any amount in payment of accrued and unpaid (i) insurance premiums, taxes, assessments, liens or encumbrances existing against property encumbered by the Security Documents, (ii) interest accrued and unpaid upon the RLC, (iii) any charges and expenses that are the obligation of Borrower under this Credit Loan Agreement or any Security Document, and (iiiiv) any charges or matters necessary to preserve the property encumbered by the Security Documents or to cure any still existing Event of Default.

Appears in 1 contract

Samples: Loan Agreement (Bowmar Instrument Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.