Reimbursement; Interest. If Lender shall incur any Expenses or pay any Claims after delivery of any Notice required by the terms of this Agreement or any other Loan Document by reason of the Loan or the rights and remedies provided under the Loan Documents (regardless of whether or not any of the Loan Documents expressly provide for an indemnification by any Borrower against such Claims), Lender’s payment of such Expenses and Claims shall constitute advances to Borrowers which shall be paid by Borrowers to Lender on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Loan under the terms of the Note. Each advance shall be secured by the Security Instruments and the other Loan Documents as fully as if made to a Borrower, regardless of the disposition thereof by the party or parties to whom such advance is made. Notwithstanding the foregoing, however, in any action or proceeding to foreclose any Security Instrument or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section.
Reimbursement; Interest. If Lender shall incur any Expenses or pay any Claims by reason of the Loan or the rights and remedies provided under the Loan Documents (regardless of whether or not any of the Loan Documents expressly provide for an indemnification by Borrower against such Claims), Lender’s payment of such Expenses and Claims shall constitute advances to Borrower which shall be paid by Borrower to Lender on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Loan under the terms of the Note. Each advance arising out of the Environmental Agreement shall be unsecured. All other advances shall be secured by the Mortgage and the other Loan Documents as fully as if made to Borrower, regardless of the disposition thereof by the party or parties to whom such advance is made. Notwithstanding the foregoing, however, in any action or proceeding to foreclose the Mortgage or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section.
Reimbursement; Interest. Subject to applicable notice and cure periods, if Lender shall incur any Expenses or pay any Claims by reason of the Loan or the rights and remedies provided under the Loan Documents (regardless of whether or not any of the Loan Documents expressly provide for an indemnification by Borrower against such Claims), Lender’s payment of such Expenses and Claims shall constitute advances to Borrower which shall be paid by Borrower to Lender on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Loan under the terms of the Note. Each advance shall be secured by the Mortgages and the other Loan Documents as fully as if made to Borrower, regardless of the disposition thereof by the party or parties to whom such advance is made. Notwithstanding the foregoing, however, in any actions or proceedings to foreclose the Mortgages or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section.
Reimbursement; Interest. If Lender shall incur any Expenses or pay any Claims by reason of the Loan or the rights and remedies provided under the Loan Documents (regardless of whether or not any of the Loan Documents expressly provide for an indemnification by Borrower against such Claims), Lxxxxx’s payment of such Expenses and Claims shall constitute advances to Borrower which shall be paid by Borrower to Lender on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Loan under the terms of the Note. Each advance shall be secured by the Deed of Trust and the other Loan Documents as fully as if made to Borrower, regardless of the disposition thereof by the party or parties to whom such advance is made. Notwithstanding the foregoing, however, in any action or proceeding to foreclose the Deed of Trust or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section.
Reimbursement; Interest. If the Bondholder Representative or any Owner shall incur any Expenses or pay any Liabilities payable by the Commonwealth pursuant to the terms hereof or any other Related Document in connection with the Bonds or the other Related Documents or the rights and remedies provided under the Related Documents (regardless of whether or not any of the Related Documents expressly provide for an indemnification by the Commonwealth against such Expenses or Liabilities), the Bondholder Representative’s and such other Owner’s payment of such Expenses and Liabilities shall constitute advances to the Commonwealth which shall be paid by the Commonwealth to the Bondholder Representative and such other Owner, as applicable, on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Bonds. Notwithstanding the foregoing, in any action or proceeding under any Related Document to recover or collect the Obligations, mandatory provisions of law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section.
Reimbursement; Interest. If Beneficiary or the Trustees shall incur any Expenses or pay any Claims to which Beneficiary or the Trustees become a party by reason of this Deed of Trust or the rights and remedies provided hereunder (regardless of whether this Deed of Trust expressly provides for an indemnification against such Claims by Grantor), such Expenses and Claims shall be (a) paid by Grantor to Beneficiary on demand, together with interest thereon from the date incurred until paid in full by Grantor at the Reimbursement Rate and (b) a part of the Obligations. Notwithstanding the foregoing, however, in any action or proceeding to foreclose this Deed of Trust or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section. Whenever this Deed of Trust provides for interest to be paid by Grantor at the Reimbursement Rate, the Reimbursement Rate shall be calculated on the basis of a 365-day year factor applied to actual days elapsed.
Reimbursement; Interest. The Borrower agrees that whenever there is a drawing on a Letter of Credit issued by the Letter of Credit Bank, the Borrower shall pay to the Agent on the date of such drawing, an amount equal to such drawing. The Agent shall promptly remit any such payment to the Letter of Credit Bank. If there is a drawing on a Letter of Credit, then, unless the Borrower shall reimburse such amount in full on such date, the unpaid amount thereof shall bear interest for the account of the Letter of Credit Bank for each day from and including the date of such drawing, to but excluding the earlier of the date of reimbursement or the date on which such drawing is reimbursed by a Revolving Credit Borrowing, at the rate per annum that would apply to such amount if such amount were an Alternate Base Rate Loan by a Bank.
Reimbursement; Interest. If Lender shall incur any Expenses or pay any Claims by reason of the Loan or the rights and remedies provided under the Loan Documents (regardless of whether or not any of the Loan Documents expressly provide for an indemnification by Borrower against such Claims), Xxxxxx's payment of such Expenses and Claims shall (and, so long as there exists no Event of Default, Lender shall use its good faith efforts to provide subsequent notice to Borrower of such payment) constitute advances to Borrower that shall be paid by Borrower to Lender on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Loan under the terms of the Note. Each advance shall be secured by the Mortgage and the other Loan Documents as fully as if made to Borrower, regardless of the disposition thereof by the party or parties to whom such advance is made. Notwithstanding the foregoing, however, in any action or proceeding to foreclose the Mortgage or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this .
Reimbursement; Interest. If Lender shall incur any expenses or pay any claims by reason of the Loan or the rights and remedies provided under the Loan Documents (regardless of whether or not any of the Loan Documents expressly provide for an indemnification by Borrower against such claims), Lender’s payment of such expenses and claims shall constitute advances to Borrower which shall be paid by Borrower to Lender on demand, together with interest thereon from the date incurred until paid in full at the rate of interest then applicable to the Loan under the terms of the Note. Each advance shall be secured by the Deed of Trust and the other Loan Documents as fully as if made to Borrower, regardless of the disposition thereof by the party or parties to whom such advance is made. Notwithstanding the foregoing, however, in any action or proceeding to foreclose the Deed of Trust or to recover or collect the Obligations, the provisions of Law governing the recovery of costs, disbursements and allowances shall prevail unaffected by this Section.
Reimbursement; Interest. Each Borrower agrees that (x) whenever there is a drawing on a Letter of Credit issued by a Designated Letter of Credit Issuer for the account of such Borrower, the Borrower shall pay, and (y) whenever there is a drawing on a Letter of Credit issued by a Designated Letter of Credit Issuer for the account of another Letter of Credit Obligor whose reimbursement obligation such Borrower is guarantying pursuant to Section 2.12(l) of this Agreement, the Borrower shall cause such Letter of Credit Obligor to pay, to the Administrative Agent or the Designated European Administrative Agent, as the case may be, on the date of such drawing an amount equal to such drawing, such payment to be made in immediately available funds and in Dollars (and in the amount which is the Dollar equivalent of the payment or disbursement made by such Designated Letter of Credit Issuer under such Letter of Credit in an Alternate Currency). The Administrative Agent or the Designated European Administrative Agent, as the case may be, shall promptly remit any such payment to such Designated Letter of Credit Issuer. If there is a drawing on a Letter of Credit, then, unless the Letter of Credit Obligor (or the Borrower guarantying the reimbursement obligation of such Letter of Credit Obligor) shall reimburse such amount in full on the date of such drawing, the unpaid amount thereof shall bear interest for the account of the applicable Designated Letter of Credit Issuer for each day from and including the date of such drawing until the earlier of the date of reimbursement by the applicable Letter of Credit Obligor (or the Borrower guarantying the reimbursement obligation of such Letter of Credit Obligor) or the date on which such drawing is reimbursed by Revolving Credit Loans, at the rate per annum that would apply to such amount if such amount were a Revolving Credit Borrowing comprised of Alternate Base Rate Loans.
