Common use of Performance on Borrower's Behalf Clause in Contracts

Performance on Borrower's Behalf. If the Company fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Lender may pay the same. The Company shall immediately upon written notice of any such payment reimburse Lender for any such payments and each amount paid by Lender shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by Lender.

Performance on Borrower's Behalf. If the Company fails to pay any taxes, insurance premiums, expenses, attorneys' fees or other amounts it is required to pay under any Loan Document, Lender Lenders may pay the same. The Company shall immediately upon written notice of any such payment reimburse any Lender for any such payments and each amount paid by such Lender shall constitute an Obligation owed hereunder which is due and payable on the date such amount is paid by such Lender.