Common use of EXPENDITURES BY LENDER Clause in Contracts

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this Assignment, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 2 contracts

Samples: Loan and Security Agreement (Snowdance Inc), Business Loan Agreement (Jameson Inns Inc)

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EXPENDITURES BY LENDER. If Grantor Borrower fails to comply with any provision of this AssignmentMortgage, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on GrantorBorrower's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the Note rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by GrantorBorrower. All such expenses, at Lender's option, will will: (a) be payable on demand, ; (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, ; or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Tower Tech Inc

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentMortgage, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentMortgage, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's Grantees behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be to payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on an account of the default. Any such action by Lender shall not be construed as curing curIng the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Mortgage (Prime Cellular Inc)

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentAgreement, or if any action or proceeding is commenced that would materially affect Lender's ’s interests in the PropertyCollateral, Lender on Grantor's ’s behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in Default Rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's ’s option, will will: (ai) be payable on demand, ; (bii) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, ; or (ciii) be treated as a balloon payment which will be due and payable at the Note's ’s maturity. This Assignment Agreement also will secure payment of these amounts. The rights provided for in this paragraph section shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the defaultan Event of Default. Any such action by Lender shall not be construed as curing the an Event of default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Commercial Security Agreement (NANOPHASE TECHNOLOGIES Corp)

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentDeed of Trust, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Deed of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Deed of Trust (Rockies Fund Inc)

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentMortgage, or if any action or proceeding is commenced that would materially affect Lender's interests Interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

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EXPENDITURES BY LENDER. If Grantor Trustor fails to comply with any provision provisions of this AssignmentDeed of Trust, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on GrantorTrustor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in charged under the Note from the date incurred or paid by Lender to the date of repayment by GrantorTrustor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Deed of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Newstar Media Inc

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentDeed of Trust, or if any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that the Lender expends in so doing will bear interest at the rate provided for in charged under the Note note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i1) the term of any applicable insurance policy or (ii2) the remaining term of the Note, or (c3) be treated as a balloon payment which will be due and payable at the Note's maturity--cannot read this line --. This Assignment Deed of Trust also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default fault so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Healthtech International Inc)

EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this AssignmentMortgage, or if it any action or proceeding is commenced that would materially affect Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to, take any action that Lender deems appropriate. Any amount that Lender expends in so doing will bear interest at the rate provided for in the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be payable on demand, (b) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (i) the term of any applicable insurance policy or (ii) the remaining term of the Note, or (c) be treated as a balloon payment which will be due and payable at the Note's maturity. This Assignment Ths Mortgage also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of the default. Any such action by Lender shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

Appears in 1 contract

Samples: Business Loan Agreement (Jameson Inns Inc)

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