Performance on Borrower's Behalf. If Borrower fails to pay any taxes, insurance premiums or other amounts it is required to pay under any Loan Document, Lender may pay the same. Borrower shall immediately reimburse Lender for any such payments, and each amount paid shall constitute a part of the Obligations, shall be secured by the Security Documents and shall bear interest at the Default Rate, from the date such amount is paid by Lender until the date such amount is repaid to Lender.
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Samples: Credit Agreement (Recovery Energy, Inc.), Credit Agreement (Recovery Energy, Inc.), Credit Agreement (Recovery Energy, Inc.)
Performance on Borrower's Behalf. If Borrower any Obligated Person fails to pay any taxes, insurance premiums or other amounts it is required to pay under any Loan Document, Lender may pay the same. Borrower shall immediately reimburse Lender for any such payments, payments and each amount paid shall constitute a part of the Obligations, shall be secured by the Security Documents and shall bear interest at the Default Raterate described in Section 2.2(b)(ii) above, from the date such amount is paid by Lender until the date such amount is repaid to Lender.
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