Common use of DISCHARGE OF BORROWER'S OBLIGATIONS Clause in Contracts

DISCHARGE OF BORROWER'S OBLIGATIONS. In addition to and notwithstanding any other provision of this Agreement or any other Loan Document, Lender, in its sole discretion, shall have the right, at any time that Borrower fails to do so, and without prior notice to Borrower, to: (i) obtain insurance covering any of the Collateral as required hereunder and to the extent required hereunder; (ii) pay for the performance of any of the Borrower's obligations hereunder; (iii) discharge taxes, Liens, security interests or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (iv) pay for the maintenance and preservation of any of the Collateral. Such expenses and advances shall be added to the Loan and the Obligations until reimbursed to Lender and shall be secured by the Collateral. Any such payments and advances by Lender shall not be construed as a waiver by Lender of any Event of Default or any other rights, remedies or powers of Lender.

DISCHARGE OF BORROWER'S OBLIGATIONS. In addition to and notwithstanding any other provision of this Agreement or any other Loan Document, Lender, in its sole discretion, shall have the right, right at any time that following the occurrence of an Event of Default, to the extent deemed necessary by Lender in its sole discretion, upon prior notice to Borrower if Borrower fails to do so, and without prior notice to Borrowerso within five (5) days after receiving such notice, to: (i) obtain insurance covering any of the Collateral as required hereunder and to the extent required hereunderunder this Agreement; (ii) pay for the performance of any of the Borrower's obligations hereunderunder this Agreement; (iii) discharge taxes, Liensliens, security interests interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (iv) pay for the maintenance and preservation of any of the Collateral. Such expenses Expenses and advances shall be added to the Loan and the Obligations Loan, until reimbursed to Lender and shall be secured by the Collateral. Any such payments and advances by Lender shall not be construed as a waiver by Lender of any an Event of Default or any other rights, remedies or powers of LenderDefault.

DISCHARGE OF BORROWER'S OBLIGATIONS. In addition to and notwithstanding any other provision of this Agreement or any other Loan Document, Lender, in its sole discretion, shall have the right, right at any time, and from time that to time without prior notice to Borrower if Borrower fails to do so, so after notice and without prior notice the expiration of ten (10) days thereafter (a) to Borrower, to: (i) obtain insurance covering any of the Collateral as required hereunder and to the extent required hereunder; (iib) pay for the performance of any of the Borrower's obligations hereunder; (iiic) discharge taxes, Liensliens, security interests interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (ivd) pay for the maintenance and preservation of any of the Collateral. Such expenses Expenses and advances shall be added to the Loan and the Obligations Loan, until reimbursed to Lender and shall be secured by the Collateral. Any such Such payments and advances by Lender shall not be construed as a waiver by Lender of any an Event of Default or any other rights, remedies or powers of LenderDefault.

DISCHARGE OF BORROWER'S OBLIGATIONS. In addition to and notwithstanding any other provision of this Agreement or any other Loan Document, Lender, in its sole discretion, shall have the right, right at any time, and from time that to time, without prior notice to Borrower but only if Borrower fails to do so, and without prior notice to Borrowerso within the time permitted, to: (ia) obtain insurance covering any of the Collateral as required hereunder and to the extent required hereunderunder this Agreement; (iib) pay for the performance of any of the Borrower's obligations hereunderunder this Agreement; (iiic) discharge taxes, Liens, security interests interests, or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrower is in good faith with due diligence by appropriate proceedings contesting those items; and (ivd) pay for the maintenance and preservation of any of the Collateral. Such expenses Expenses and advances shall be added to the Loan and the Obligations Loan, until reimbursed to Lender and shall be secured by the Collateral. Any such payments and advances by Lender shall not be construed as a waiver by Lender of any an Event of Default or any other rights, remedies or powers of LenderDefault.