Common use of Discharge of Taxes, Borrower’s Obligations, Etc Clause in Contracts

Discharge of Taxes, Borrower’s Obligations, Etc. Lender, in its discretion, shall have the right at any time, and from time to time, with reasonable prior notice to Borrowers if Borrowers fail to do so, to (a) obtain insurance covering any of the Collateral as required hereunder (b) pay for the performance of any of any Borrower's obligations hereunder, (c) discharge taxes and Liens at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are in good faith with due diligence by appropriate proceedings, in the judgment of Lender, contesting such taxes or Liens, (d) pay for the maintenance and preservation of any of the Collateral. Expenses and Advances by Lender under this paragraph shall bear interest at the same rate applied to the Revolving Credit and until reimbursed to Lender, shall be secured by the Collateral. Such payments and Advances made by Lender shall not be construed as a waiver by Lender of an Event of Default under this Agreement.

Discharge of Taxes, Borrower’s Obligations, Etc. Lender, in its discretion, shall have the right at any time, and from time to time, with reasonable prior notice to Borrowers if Borrowers fail to do so, to (a) obtain insurance covering any of the Collateral as required hereunder (b) pay for the performance of any of any Borrower's obligations hereunder, (c) discharge taxes and Liens at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are in good faith with due diligence by appropriate proceedings, in the judgment of LenderXxxxxx, contesting such taxes or Liens, (d) pay for the maintenance and preservation of any of the Collateral. Expenses and Advances by Lender Xxxxxx under this paragraph shall bear interest at the same rate applied to the Revolving Credit and until reimbursed to Lender, shall be secured by the Collateral. Such payments and Advances made by Lender Xxxxxx shall not be construed as a waiver by Lender Xxxxxx of an Event of Default under this Agreement.

Discharge of Taxes, Borrower’s Obligations, Etc. Lender, in its ------------------------------------------------ sole discretion, shall have the right at any time, and from time to time, with reasonable prior notice to Borrowers any Borrower if Borrowers fail any Borrower fails to do soso five (5) Business Days after requested in writing to do so by Lender, to to: (a) obtain insurance covering any of the Collateral as required hereunder (b) pay for the performance of any of any Borrower's Borrowers' obligations hereunder, and (cb) discharge taxes and Liens or Liens, at any time levied or placed on any of the Collateral Borrowers' Property in violation of this Agreement unless Borrowers are such Borrower is in good faith with due diligence by appropriate proceedings, in the judgment of Lender, proceedings contesting such taxes or LiensLiens and maintaining proper reserves therefor in accordance with GAAP, (d) pay for the maintenance and preservation of any of the Collateralconsistently applied. Expenses and Advances by Lender under this paragraph advances shall be added to the Revolving Credit, bear interest at the same rate applied to the Revolving Credit and Credit, until reimbursed to Lender, shall be secured by the Collateral. Such payments and Advances advances made by Lender shall not be construed as a waiver by Lender of an Event of Default under this Agreement.

Discharge of Taxes, Borrower’s Obligations, Etc. Lender, in its discretion, shall have the right at any time, and from time to time, with reasonable prior notice to Borrowers if Borrowers fail to do so, after reasonable notice, to (a) obtain insurance covering any of the Collateral as required hereunder (b) pay for the performance of any of any Borrower's Borrowers' obligations hereunder, (c) discharge taxes and Liens taxes, liens, security interests or other encumbrances at any time levied or placed on any of the Collateral in violation of this Agreement unless Borrowers are in good faith with due diligence by appropriate proceedings, in the judgment of Lender, proceedings contesting such taxes or Lienstaxes, liens, etc., and (d) pay for the maintenance and preservation of any of the Collateral. Expenses and Advances advances by Lender under this paragraph shall be deemed advances under the Revolving Credit, bear interest at the same rate applied to the Revolving Credit and Credit, until reimbursed to Lender, Lender and shall be secured by the Collateral. Such payments and Advances advances made by Lender shall not be construed as a waiver by Lender of an Event of Default under this Agreement.