Common use of Right to Discharge Borrower's Obligations Clause in Contracts

Right to Discharge Borrower's Obligations. Lender may, at its option, discharge taxes, liens or security interests or other encumbrances at any time levied or placed on the Collateral, may remedy or cure any default of Borrower under the terms of any lease, rental agreement or other document which in any way pertains to or affects Borrower's title to or interest in any of the Collateral, may pay for insurance on the Collateral, and may pay for the maintenance and preservation of the Collateral, and Borrower agrees to reimburse Lender, on demand, for any payment made or any expense incurred by Lender, including, without limitation, attorneys' fees, pursuant to the foregoing authorization, together with interest at the Default Interest Rate from the date so paid or incurred by Lender, which payments, expenses and interest shall be secured by the security intended to be afforded by this Agreement and the Other Agreements.

Right to Discharge Borrower's Obligations. Lender may, at its option, discharge taxes, liens or security interests or other encumbrances at any time levied or placed on the Collateral, may remedy or cure any default of Borrower under the terms of any lease, rental agreement agreement, or other document which in any way pertains to or affects Borrower's title to or interest in any of the Collateral, may pay for insurance on the Collateral, and may pay for the maintenance and preservation of the Collateral, and Borrower agrees to reimburse Lender, on demand, for any payment made or any expense incurred by Lender, including, without limitation, including reasonable attorneys' fees, pursuant to the foregoing authorization, together with interest at the Default Interest Rate from the date so paid or incurred by Lender, which payments, expenses and interest shall be secured by the security intended to be afforded by this Agreement and/or by the Security Agreements and the Other AgreementsCollateral.

Right to Discharge Borrower's Obligations. Lender may, at its option, discharge taxes, liens or security interests or other encumbrances at any time levied or placed on the Collateral, may remedy or cure any default of Borrower under the terms of any lease, rental agreement agreement, or other document which in any way pertains to or affects Borrower's title to or interest in any of the Collateral, may pay for insurance on the Collateral, and may pay for the maintenance and preservation of the Collateral, and Borrower agrees to reimburse Lender, on demand, for any payment made or any expense incurred by Lender, including, without limitation, including reasonable attorneys' fees, pursuant to the foregoing authorization, together with interest at the Default Interest Rate from the date so paid or incurred by Lender until repaid to Lender, which payments, expenses and interest shall be secured by the security intended to be afforded by this Agreement and by the Other AgreementsDeed of Trust and the other Loan Documents.

Right to Discharge Borrower's Obligations. Lender may, at its option, discharge taxes, liens or security interests or other encumbrances at any time levied or placed on the Collateral, may remedy or cure any default of any Borrower under the terms of any lease, rental agreement agreement, or other document which in any way pertains to or affects Borrower's title to or interest in any of the Collateral, may pay for insurance on the Collateral, and may pay for the maintenance and preservation of the Collateral, and each Borrower agrees to reimburse Lender, on demand, for any payment made or any expense incurred by Lender, including, without limitation, including reasonable attorneys' fees, pursuant to the foregoing authorization, together with interest at the Default Interest Rate from the date so paid or incurred by Lender, which payments, expenses and interest shall be secured by the security intended to be afforded by this Agreement and/or by the Security Agreements and the Other AgreementsCollateral.