Common use of Lender Reimbursement Clause in Contracts

Lender Reimbursement. All payments made, or funds expended or advanced by Lender pursuant to the provisions of any Loan Document, shall (i) become a part of the Secured Indebtedness, (ii) bear interest at the Interest Rate (as defined in the Note) from the date such payments are made or funds expended or advanced, (iii) become due and payable by Borrower upon demand by Lender, and (iv) bear interest at the Default Rate (as defined in the Note) from the date of such demand. Borrower shall reimburse Lender within ten (10) days after receipt of written demand for such amounts.

Appears in 5 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc), Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc), Florida East Coast Industries Inc

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Lender Reimbursement. All payments made, or funds expended or advanced by Lender pursuant to the provisions of any Loan Document, shall (i) become a part of the Secured Indebtedness, (ii) bear interest at the Interest Rate (as defined in the Fixed Rate Note) from the date such payments are made or funds expended or advanced, (iii) become due and payable by Borrower upon demand by Lender, and (iv) bear interest at the Default Rate (as defined in the Fixed Rate Note) from the date of such demand. Borrower shall reimburse Lender within ten (10) days after receipt of written demand for such amounts.

Appears in 4 contracts

Samples: Defined Terms (Florida East Coast Industries Inc), Defined Terms (Florida East Coast Industries Inc), Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc)

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Lender Reimbursement. All payments made, or funds expended or advanced by Lender pursuant to the provisions of any Loan Document, Document shall (ia) become a part of the Secured Indebtedness, (iib) bear interest at the Interest Rate (as defined in the Note) from the date such payments are made or funds expended or advanced, (iiic) become due and payable by Borrower upon within ten (10) days after demand by Lender, and (ivd) bear interest at the Default Rate (as defined in the Note) from the date ten (10) days after written notice of such demandnon‑payment. Borrower shall reimburse Lender within ten (10) days after receipt of written demand for such amounts.

Appears in 1 contract

Samples: Management Agreement (Taubman Centers Inc)

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