Common use of Additional Advances and Disbursements; Costs of Enforcement Clause in Contracts

Additional Advances and Disbursements; Costs of Enforcement. (a) Upon the occurrence and during the continuance of any Event of Default, Grantee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Grantor. All sums advanced and expenses incurred at any time by Grantee under this Section 5.9, or otherwise under this Deed to Secure Debt or any of the other Credit Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the highest lawful rate at which interest is then computed on any portion of the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Deed to Secure Debt.

Appears in 4 contracts

Samples: Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc)

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Additional Advances and Disbursements; Costs of Enforcement. (a) Upon the occurrence and during the continuance of any Event of Default, Grantee Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of GrantorMortgagor. All sums advanced and expenses incurred at any time by Grantee Mortgagee under this Section 5.9, or otherwise under this Deed to Secure Debt Mortgage or any of the other Credit Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the highest lawful rate at which interest is then computed on any portion of the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Deed to Secure DebtMortgage.

Appears in 4 contracts

Samples: Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc)

Additional Advances and Disbursements; Costs of Enforcement. (a) Upon the occurrence and during the continuance of If any Event of DefaultDefault exists, Grantee Mortgagee and each of the Lenders shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of GrantorMortgagor. All sums advanced and expenses incurred at any time by Grantee Mortgagee or any Lender under this Section 5.9, or otherwise under this Deed to Secure Debt Mortgage or any of the other Credit Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the highest lawful rate or rates at which interest is then computed on any portion of the Indebtedness, and all such sums, together with interest thereon, shall be secured by this Deed to Secure DebtMortgage.

Appears in 2 contracts

Samples: Security Agreement (Ackerley Group Inc), Security Agreement (Diamond Brands Operating Corp)

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Additional Advances and Disbursements; Costs of Enforcement. (a) Upon the occurrence and during the continuance of any Event of Default, Grantee Mortgagee shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of GrantorMortgagor. All sums advanced and expenses incurred at any time by Grantee Mortgagee under this Section 5.9, or otherwise under this Deed to Secure Debt or Mortgage, any of the other Credit Documents Loan Documents, or applicable law, shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the highest lawful rate at which interest is then computed on any portion of the IndebtednessSecured Debt, and all such sums, together with interest thereon, shall be secured by this Deed to Secure DebtMortgage.

Appears in 1 contract

Samples: Credit Agreement (CNX Coal Resources LP)

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