Other Amounts Deemed Loans. If Borrower fails to pay any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted or required by this Agreement, or to discharge any Lien prohibited hereby, or to comply with any other Obligation, Bank may, but shall not be obligated to, pay, satisfy, discharge or bond the same for the account of Borrower, and to the extent permitted by law and at the option of Bank, all monies so paid by Bank on behalf of Borrower will be deemed Loans and Obligations.
Other Amounts Deemed Loans. If Borrower fails to pay any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted or required by this Agreement, or to discharge any Lien prohibited hereby, or to comply with any other Obligation, Lender may, but shall not be obligated to, pay, satisfy, discharge or bond the same for the account of Borrower. To the extent permitted by law and at the option of Lender, all monies so paid by Lender on behalf of Borrower shall be deemed Obligations and Borrower’s payments under this Agreement may be increased to provide for payment of such Obligations plus interest thereon.
Other Amounts Deemed Loans. If any Loan Party fails to pay any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted or required by this Agreement, but subject to Section 4.6, or to discharge any Lien prohibited hereby, or to comply with any other Obligation, Lender may, but shall not be obligated to, pay, satisfy, discharge or bond the same for the account of Loan Parties, and to the extent permitted by law and at the option of Lender, all monies so paid by Lender on behalf of a Loan Party shall be deemed Loans and Obligations.
Other Amounts Deemed Loans. If a Borrower fails to pay any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted or required by this Agreement, or to discharge any Lien prohibited hereby, or to comply with any other Obligation, a Bank may, but shall not be obligated to, pay, satisfy, discharge or bond the same for the account of such Borrower, and to the extent permitted by law and at the option of such Bank, all monies so paid by a Bank on such behalf of such Borrower will be deemed Loans and Obligations.
Other Amounts Deemed Loans. If at any time after the occurrence and during the continuation of an Event of Default; Borrower fails to timely comply with any Covenant, Agent may, but shall not be obligated to, pay, satisfy, discharge or bond the same for the account of Borrower, and to the extent permitted by law and at the option of Agent, all monies so paid by Agent on behalf of Borrower shall be deemed Liabilities due upon demand and shall bear interest at the Default Rate. Portions herein identified by [*****] have been omitted pursuant to a request for confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended. A complete copy of this document has been filed separately with the Securities and Exchange Commission.
Other Amounts Deemed Loans. If Borrower fails to pay any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted or required by this Agreement or any Loan Document, or to discharge any lien prohibited hereby, or to comply with any other term, condition or covenant of this Agreement or any Loan Document, Lender may, but shall not be obligated to, make protective advances under the Loans in order to protect and preserve the Collateral and pay, satisfy, discharge or bond the same for the account of Borrower, and to the extent permitted by law and at the option of Lender, all monies so paid by Lender on behalf of Borrower shall be added to the principal balance of the Loans upon which such amount interest shall accrue and shall be secured by any collateral given to Lender by Borrower for the payment and performance of the Loans.”
Other Amounts Deemed Loans. If either Corporation fails to pay -------------------------- any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted by this Agreement, or to discharge any Lien prohibited hereby, or to comply with any other obligation, Bank may, but shall not be obligated to, pay, satisfy, discharge or bond the same for the account of such Corporation, and to the extent permitted by law and at the option of Bank, all monies so paid by Bank on behalf of such Corporation shall be deemed Loans and Obligations.
Other Amounts Deemed Loans. 27 6.8. Borrower Remains Liable............................................................................ 27
Other Amounts Deemed Loans. If a Loan Party fails to (a) pay any tax, assessment, governmental charge or levy, (b) maintain insurance within the time permitted or required by this Agreement, (c) subject to Section 4.6, discharge any Lien prohibited hereby, or (d) comply with any other Obligation, Lender may, but shall not be obligated to, upon prior written notice to Parent (in the absence of an existing Event of Default), pay, satisfy, discharge or bond the same for the account of Loan Parties, and to the extent permitted by law and at the option of Lender, all monies so paid by Lender on behalf of a Loan Party shall be deemed to be a Loan and part of the Obligations. Lender shall give prompt written notice to Parent of any action taken by Lender under this Section 4.12.
Other Amounts Deemed Loans. If Borrowers fail to pay any tax, assessment, governmental charge or levy or to maintain insurance within the time permitted or required by this Agreement, or to discharge any Lien prohibited hereby, or to comply with any other Obligation, Lender may, but shall not be obligated to, no earlier than 5 Business Days after notifying the Borrowers thereof, pay, satisfy, discharge or bond the same for the account of Borrowers, and to the extent permitted by law and at the option of Lender, all monies so paid by Lender on behalf of Borrowers shall be deemed Obligations.
