PAYMENTS BY SECURED PARTY. The Borrower agrees that and hereby authorizes the Secured Party, at its option, to make any payments or do any acts required to be done to preserve the Lessee's estate under the Proprietary Lease or under any now lease issued in; replacement of the Proprietary Lease. Any amounts expended by the Secured Party in connection therewith (including reasonable attorneys' fees shall be payable by the Borrower on demand, together with interest on those amounts at the rate or rates specified in the Note, and those amounts shall be considered to be part of the debt entitled to the benefits of this Security Agreement.
PAYMENTS BY SECURED PARTY. At its option, Secured Party may pay for ------------------------- insurance on the Collateral and taxes, assessments or other charges which Debtor fails to pay in accordance with the provisions hereof, or of any related agreement, instrument or document, and may discharge any security interest in or lien upon the Collateral. No such payment or discharge of any such security interest or lien shall be deemed to constitute a waiver by Secured Party of the violation of any covenant by Debtor as a result of Debtor's failure to make any such payment or Debtor's suffering of any such security interest or lien. Any payment made or expense incurred by Secured Party pursuant to this or any other provision of this Agreement shall be added to and become a part of the Obligations of Debtor to Secured Party, shall bear interest at the rate per annum charged pursuant to Paragraph 5 hereof and shall be payable on demand.
PAYMENTS BY SECURED PARTY. At its option, but without any liability for failing to do so, Secured Party may pay for insurance on the Collateral and taxes, assessments or other charges which Debtor fails to pay in accordance with the provisions hereof. Any payment made, or expense incurred by Secured Party, pursuant to this or any other Section of this Agreement shall be added to and become a part of the Obligations, shall bear interest at the Default Rate, and shall be payable immediately by Debtor upon receipt of written demand therefor by Secured Party.
PAYMENTS BY SECURED PARTY. 10.1. If Debtor fails to pay when due any insurance premium, tax or other obligation required to be paid under this Agreement or the Security Agreement, which relates to the preservation of the Collateral, Secured Party in its sole discretion may (without waiving or releasing any obligation or liability of Debtor hereunder or any event of Default), but shall not be obligated to, make such payment or any part thereof on behalf of Debtor and add any and all amounts so paid to the principal indebtedness under the Loan.
PAYMENTS BY SECURED PARTY. At its option, but without any liability for failing to do so, Secured Party may pay for insurance on the Collateral and taxes, assessments or other charges which Debtor fails to pay in accordance with the provisions hereof, or of the other Financing Agreements, and may discharge any security interest in or lien upon the Collateral. No such payment or discharge of any such security interest or lien shall be deemed to constitute a waiver by Secured Party of the violation of any covenant hereunder by Debtor as a result of Debtor's failure to make any such payment or Debtor's suffering of any such security interest or lien. Any payment made, or expense incurred by Secured Party, pursuant to this or any other Section of this Agreement shall be added to and become a part of the Obligations, shall bear interest at the Default Rate, and shall be charged to the Loan Account. 7 10.
PAYMENTS BY SECURED PARTY. At its option, but without any liability for failing to do so, Secured Party may -26- 27 pay for insurance on the Collateral and taxes, assessments or other charges which Debtor fails to pay in accordance with the provisions hereof, or of the other Financing Agreements, and may discharge any security interest in or lien upon the Collateral other than those described in Exhibit I hereto. No such payment or discharge of any such security interest or lien shall be deemed to constitute a waiver by Secured Party or the violation of any covenant hereunder by Debtor as a result of Debtor's failure to make any such payment or Debtor's suffering of any such security interest or lien. Any payment made, or expense incurred by Secured Party, pursuant to this or any other section of this Agreement, shall be added to and become a part of the Obligations, shall bear interest at the Default Rate, and shall be payable immediately by Debtor upon receipt of written demand therefor by Secured Party.
PAYMENTS BY SECURED PARTY. At its option but without obligation to Debtor, Secured Party may discharge taxes, liens or security interest or other encumbrances at any time levied or placed on the Collateral, may place and pay for insurance thereon, may order and pay for the repair, maintenance and preservation thereof, and may pay any necessary filing or recording fees. Debtor agrees to reimburse Secured Party on demand for any payment made or any expense incurred by Secured Party pursuant to the foregoing authorization, and such expenses if not reimbursed shall be added to the obligation secured hereby.
PAYMENTS BY SECURED PARTY. At its option, Secured Party may pay for ------------------------- insurance on the Collateral and taxes, assessments or other charges which Debtor fails to pay in accordance with the provision hereof or any other Loan Document, and may discharge any security interest in or lien or charge upon the Collateral. No such payment or discharge of any such security interest, lien or charge shall be deemed to constitute a waiver by Secured Party of the violation of any covenant by Debtor as a result of Debtor's failure to make any such payment or Debtor's suffering of any such security interest, lien or charge. Any reasonable payment made or expense incurred by Secured Party pursuant to this or any other provision of this Agreement shall be added to and become a part of the Obligations of Debtor to Secured Party, shall bear interest at the "default rate" defined in the Line of Credit Note and shall be payable on demand.
