Common use of Protective Advances: Advances to Pay Obligations Due Clause in Contracts

Protective Advances: Advances to Pay Obligations Due. Lender may make Advances under the Line of Credit in its sole discretion for any reason at any time without Borrower’s request and without Borrower’s compliance with any of the conditions of this Agreement, and (i) disburse the proceeds directly to third Persons in order to protect Lender’s interest in Collateral or to perform any of Borrower’s obligations under this Agreement, or (ii) apply the proceeds to any Obligations then due and payable.

Protective Advances: Advances to Pay Obligations Due. Lender may make Advances under the Line of Credit in its sole discretion for any reason at any time without Borrower’s request of any Borrower and without any Borrower’s compliance with any of the conditions of this Agreement, and (i) disburse the proceeds directly to third Persons in order to protect Lender’s interest in Collateral or to perform any of Borrower’s Borrowers’ obligations under this AgreementAgreement or under any of the Loan Documents, or (ii) apply the proceeds to any Obligations then due and payable.

Protective Advances: Advances to Pay Obligations Due. Lender may make Advances under the Line of Credit in its sole discretion for any reason at any time without Borrower’s request of Borrower and without Borrower’s 's compliance with any of the conditions of this Agreement, and to (i) disburse the proceeds directly to pay third Persons in order to protect Lender’s 's interest in Collateral or to perform any of Borrower’s 's obligations under this Agreement, or (ii) apply the proceeds to pay any Obligations then due and payable.. 

Protective Advances: Advances to Pay Obligations Due. Lender may make Advances under the Line of Credit in its sole discretion for any reason at any time without Borrower’s request of Borrower and without Borrower’s compliance with any of the conditions of this Agreement, and (i) disburse the proceeds directly to third Persons in order to protect Lender’s interest in Collateral or to perform any of Borrower’s obligations under this Agreement, or (ii) apply the proceeds to any Obligations then due and payable.

Protective Advances: Advances to Pay Obligations Due. Lender may make Advances under the Line of Credit in its sole reasonable discretion for without request of any reason at any time without Borrower’s request Borrower and without any Borrower’s compliance with any of the conditions of this Agreement, and (i) disburse the proceeds directly to third Persons in order to protect Lender’s interest in Collateral or to perform any of Borrower’s Borrowers’ obligations under this Agreement, or (ii) apply the proceeds to any Obligations then due and payable.

Protective Advances: Advances to Pay Obligations Due. Lender may make Advances under the Line of Credit in its sole discretion for any reason at any time without Borrower’s request of any Borrower and without any Borrower’s compliance with any of the conditions of this Agreement, and (i) disburse the proceeds directly to third Persons in order to protect Lender’s interest in Collateral or to perform any of Borrower’s Borrowers’ obligations under this Agreement, or (ii) apply the proceeds to any Obligations then due and payable.