Common use of Expenses Incurred by Secured Party Clause in Contracts

Expenses Incurred by Secured Party. Secured Party is not required to, but may, at its option, pay any tax, insurance premium, filing or recording fees, or other charges payable by Debtor hereunder, and any such amount shall bear interest from the date of payment until repaid at the applicable Default Rate. Such amounts shall be repayable by Debtor on demand, and Debtor's obligation to make such repayment shall constitute an additional Obligation secured hereby.

Expenses Incurred by Secured Party. Secured Party is not required to, but may, at its option, pay any tax, insurance premium, filing or recording fees, or other charges payable by the Debtor hereunderhereunder if the Debtor does not do so within a reasonable time, and any such amount shall bear interest from the date of payment until repaid at the applicable Default Raterate of interest set out in the Notes. Such amounts shall be repayable by the Debtor on demand, and the Debtor's ’s obligation to make such repayment shall constitute an additional Obligation secured hereby.

Expenses Incurred by Secured Party. The Secured Party is not required to, but may, at its option, pay any taxTax, insurance premium, filing or recording fees, or other charges payable by the Debtor hereunder, hereunder and any such amount shall bear interest from the date of payment until repaid at the applicable Default Rate. Such amounts shall be repayable by the Debtor on demand, demand and the Debtor's obligation to make such repayment shall constitute an additional Obligation secured hereby.

Expenses Incurred by Secured Party. Secured Party is not required to, but may, at its option, pay any taxTax, insurance premium, filing or recording fees, or other charges payable by Debtor hereunder, hereunder and any such amount shall bear interest at the Default Rate from the date of payment until repaid at the applicable Default Raterepaid. Such amounts shall be repayable by Debtor on demand, demand and Debtor's obligation to make such repayment shall constitute an additional Obligation secured hereby.

Expenses Incurred by Secured Party. Secured Party is not required to, but may, at its option, pay any taxTax, insurance premium, filing or recording fees, or other charges payable by Debtor hereunder, Debtors hereunder and any such amount shall bear interest at the Default Rate from the date of payment until repaid at the applicable Default Raterepaid. Such amounts shall be repayable by Debtor Debtors on demand, demand and Debtor's Debtors' obligation to make such repayment shall constitute an additional Obligation secured hereby.