Common use of XXXXXX’S EXPENDITURES Clause in Contracts

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documents, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the Collateral. To the extent permitted by applicable law, all such expenses will become a part of the Obligations and, at Xxxxxx's option, will: (i) be payable on demand; (ii) be added to the balance of the Loan and be apportioned among and be payable with any installment payments to become due during the remaining term of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the Loan's maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's ’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documents, including but not limited to Borrower's ’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documents, Lender on Borrower's ’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the Collateral. To the extent permitted by applicable law, all such expenses will become a part of the Obligations and, at Xxxxxx's Lender’s option, will: (i) be payable on demand; (ii) be added to the balance of the Loan and be apportioned among and be payable with any installment payments to become due during the remaining term of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the Loan's ’s maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's Lender’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documentsRelated Documents, including but not limited to Borrower's ’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documentsRelated Documents, Lender on Borrower's ’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at appropriate on any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the any Collateral. To All such expenditures incurred or paid by Lender for such purposes will then bear interest at the extent permitted rate charged under the Note from the date incurred or paid by applicable law, all Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Obligations Indebtedness and, at Xxxxxx's Lender’s option, will: will (iA) be payable on demand; (iiB) be added to the balance of the Loan Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the LoanNote; or (iiiC) be treated as a balloon payment that which will be due and payable at the Loan's Note’s maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documentsRelated Documents, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documentsRelated Documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at appropriate on any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the any Collateral. To All such expenditures incurred or paid by Lender for such purposes will then bear interest at the extent permitted rate charged under the Note from the date incurred or paid by applicable law, all Lender to the date of repayment by Xxxxxxxx. All such expenses will become a part of the Obligations Indebtedness and, at XxxxxxLender's option, will: will (iA) be payable on demand; (iiB) be added to the balance of the Loan Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the LoanNote; or (iiiC) be treated as a balloon payment that which will be due and payable at the LoanNote's maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect XxxxxxLender's interest Interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documentsRelated Documents, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documentsRelated Documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures paid by Lender for such purposes will then bear interest at the CollateralNote rate from the date paid by Lender to the date of repayment by Xxxxxxxx. To the extent permitted by applicable law, all such expenses will become a part of the Obligations indebtedness and, at XxxxxxLender's option, will: will (iA) be payable on demand; (iiB) be added to the balance of the Loan Note and be apportioned among and be payable with any installment payments to become due during either (1) the remaining term of the Loanany applicable insurance policy; or (iii) be treated as a balloon payment that will be due and payable at the Loan's maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.or

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's interest in the Collateral or if Borrower fails to comply with any material provision of this Agreement or any related documentsdocuments in any material respect, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the Collateral. To the extent permitted by applicable law, all such expenses will become a part of the Obligations and, at Xxxxxx's option, will: (i) be payable on demand; (ii) be added to the balance of the Loan and be apportioned among and be payable with any installment payments to become due during the remaining term of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the Loan's maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's Lender’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documentsRelated Documents, including but not limited to Borrower's Borrowers failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documentsRelated Documents, Lender on Borrower's ’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures paid by Lender for such purposes will then bear interest at the CollateralNote rate from the date paid by Lender to the date of repayment by Xxxxxxxx. To the extent permitted by applicable law, all such expenses will become a part of the Obligations Indebtedness and, at Xxxxxx's Lender’s option, will: will (iA) be payable on demand; (iiB) be added to the balance of the Loan Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the LoanNote; or (iiiC) be treated as a balloon payment that which will be due and payable at the Loan's Note’s maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.

XXXXXX’S EXPENDITURES. If any action or proceeding is commenced that would materially affect Xxxxxx's Lender’s interest in the Lender Collateral or if Borrower fails to comply with any provision of this Agreement or any related documents, including but not limited to Borrower's ’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documents, Lender on Borrower's ’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Lender Collateral and paying all costs for insuring, maintaining and preserving the Lender Collateral. To the extent permitted by applicable law, all such expenses will become a part of the Obligations and, at Xxxxxx's Lender’s option, will: (i) be payable on demand; (ii) be added to the balance of the Loan and be apportioned among and be payable with any installment payments to become due during the remaining term of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the Loan's ’s maturity. Such right shall be in addition to all other rights and remedies to which Xxxxxx may be entitled upon an Event of Default.