Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its material agreements contained in the Loan Documents and Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Default Rate, shall be payable by Borrower to Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Five Oaks Investment Corp.)
Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its material agreements contained in the Loan Documents and Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by Borrower to Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Starwood Waypoint Residential Trust)
Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its material agreements obligations contained in the Loan Documents and the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by the Borrower to the Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Fleetwood Enterprises Inc/De/)
Performance by Lender of Borrower's Obligations. If any Borrower fails to perform or comply with any of its material agreements contained in the Loan Documents and the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by Borrower the Borrowers to the Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New York Mortgage Trust Inc)
Performance by Lender of Borrower's Obligations. If the a Borrower fails to perform or comply with any of its material agreements contained in the Loan Documents and the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by the related Borrower to the Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Aames Investment Corp)
Performance by Lender of Borrower's Obligations. If Borrower fails the Borrowerfails to perform or comply with any of its material agreements contained in the Loan Documents and the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by the Borrower to the Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Aames Financial Corp/De)
Performance by Lender of Borrower's Obligations. If the ----------------------------------------------- Borrower fails to perform or comply with any of its material agreements contained in the Loan Documents and the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable out-of-pocket expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Post-Default Rate, shall be payable by the Borrower to the Lender on demand and shall constitute Secured Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (National Mortgage Corp)