Common use of Payments as Loans Clause in Contracts

Payments as Loans. Borrower’s failure to pay any amount due from Borrower under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrower for a loan hereunder, and Lender may charge Borrower’s loan account for any such amount. Additionally, if Lender determines in its discretion that extensions of credit are necessary to protect the Collateral, Lender is hereby authorized to make such extensions of credit and charge them to Borrower’s loan account.

Payments as Loans. Borrower’s failure to pay any amount due from Borrower under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrower for a loan hereunder, and Lender Agent on behalf of Lenders may charge Borrower’s loan account for any such amount. Additionally, if Lender determines Lenders determine in its discretion their reasonable judgment that extensions of credit are necessary to protect the Collateral, Lender Agent is hereby authorized to make such extensions of credit and charge them to Borrower’s loan account.

Payments as Loans. Borrower’s 's failure to pay any amount due from Borrower under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrower for a loan hereunder, and Lender may charge Borrower’s 's loan account for any such amount. Additionally, if Lender determines in its discretion that extensions of credit are necessary to protect the Collateral, Lender is hereby authorized to make such extensions of credit and charge them to Borrower’s 's loan account.

Payments as Loans. Borrower’s Any Obligor's failure to pay any amount due from Borrower any Obligor under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrower for a loan hereunder, and Lender may charge Borrower’s 's loan account for any such amount. Additionally, if Lender determines in its discretion that extensions of credit are necessary to protect the Collateral, Lender is hereby authorized to make such extensions of credit and charge them to Borrower’s 's loan account.

Payments as Loans. Borrower’s failure to pay any amount due from Borrower under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwiseother Obligation, shall be deemed to be a request by Borrower for a loan Loan hereunder, and Lender Agent on behalf of Lenders may charge Borrower’s loan account for any such amount. Additionally, if Lender determines Lenders determine in its discretion their reasonable judgment that extensions of credit are reasonably necessary to protect the Collateral, Lender Agent is hereby authorized to make such extensions of credit and charge them to Borrower’s loan account.

Payments as Loans. Borrower’s Borrowers’ failure to pay any amount due from Borrower Borrowers under this Agreement or any other Loan Document, whether for principal, interest, fees, premiums, costs, expenses or otherwise, shall be deemed to be a request by Borrower Borrowers for a loan hereunder, and Lender may charge Borrower’s Borrowers’ loan account for any such amount. Additionally, if Lender determines in its discretion that extensions of credit are necessary to protect the Collateral, Lender is hereby authorized to make such extensions of credit and charge them to Borrower’s Borrowers’ loan account.