EXPENDITURES BY LENDER. Any sums expended by or on behalf of Lender pursuant to the exercise of any right or remedy provided herein shall become part of the Indebtedness and shall bear interest at the Default Rate, from the date of such expenditure until the date repaid.
Appears in 3 contracts
Samples: Inventory Loan and Security Agreement (Silverleaf Resorts Inc), Inventory and Development Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)
EXPENDITURES BY LENDER. Any sums expended by or on behalf of Lender ----------------------- pursuant to the exercise of any right or remedy provided herein shall become part of the Indebtedness and, upon the occurrence and during the continuance of an Event of Default, shall bear interest at the Default Rate, Rate from the date of such expenditure until the date repaid.
Appears in 1 contract
