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

Additional Advances and Disbursements; Costs of Enforcement. (a) If any Event of Default exists, Mortgagee and each of the Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and reasonable expenses incurred at any time by Mortgagee or any Secured Party under this Section 4.10, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on the Secured Obligations, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 2 contracts

Samples: Credit Agreement (Stonemor Partners Lp), Credit Agreement (Stonemor Partners Lp)

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Additional Advances and Disbursements; Costs of Enforcement. (a) If Upon the occurrence and during the continuance of any Event of Default existsDefault, Mortgagee and each of the other Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All reasonable sums advanced and reasonable expenses incurred at any time by Mortgagee or any other Secured Party under this Section 4.105.09, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on any portion of the Secured Obligations, Obligations and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Vici Properties Inc.)

Additional Advances and Disbursements; Costs of Enforcement. (a) If Upon the occurrence and during the continuance of any Event of Default existsDefault, Mortgagee and each of the other Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All reasonable sums advanced and reasonable expenses incurred at any time by Mortgagee or any other Secured Party under this Section 4.104.9, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on any portion of the Secured ObligationsIndebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Verso Paper Holdings LLC)

Additional Advances and Disbursements; Costs of Enforcement. (a) If Upon the occurrence and during the continuance of any Event of Default existsDefault, Mortgagee and each of the other Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All reasonable sums advanced and reasonable expenses incurred at any time by Mortgagee or any other Secured Party under this Section 4.105.9, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on any portion of the Secured ObligationsIndebtedness, and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (RBS Global Inc)

Additional Advances and Disbursements; Costs of Enforcement. (a) If Upon the occurrence and during the continuance of any Event of Default existsDefault, Mortgagee and each of the other Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All reasonable sums advanced and reasonable expenses incurred at any time by Mortgagee or any other Secured Party under this Section 4.104.9, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on any portion of the Secured Obligations, Obligations and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: Credit Agreement (Gentiva Health Services Inc)

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Additional Advances and Disbursements; Costs of Enforcement. (a) If Upon the occurrence and during the continuance of any Event of Default existsDefault, Mortgagee and each of the other Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All reasonable sums advanced and reasonable expenses incurred at any time by Mortgagee or any other Secured Party under this Section 4.105.9, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on any portion of the Secured Obligations, Obligations and all such sums, together with interest thereon, shall be secured by this Mortgage.

Appears in 1 contract

Samples: First Lien Credit Agreement (CAESARS ENTERTAINMENT Corp)

Additional Advances and Disbursements; Costs of Enforcement. (avii) If any Upon the occurrence and during the continuance of an Event of Default existsDefault, Mortgagee and each of the other Secured Parties shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Mortgagor. All sums advanced and reasonable expenses incurred at any time by Mortgagee or any other Secured Party under this Section 4.104.9, or otherwise under this Mortgage or any of the other Secured Obligation Agreements 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 rate at which interest is then computed on the Secured ObligationsDefault Rate, and all such sums, together with interest thereon, shall be secured by this Mortgage.. Form of Mortgage

Appears in 1 contract

Samples: Credit Agreement (Dynegy Inc.)

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