Common use of Reimbursement of Expenditure Clause in Contracts

Reimbursement of Expenditure. If Beneficiary shall expend any money chargeable to Grantor or subject to reimbursement by Grantor under the terms of the Loan Instruments, Grantor shall repay the same to Beneficiary immediately at the place where the Note is payable, together with interest thereon at the Default Rate provided for in the Note.

Reimbursement of Expenditure. If Beneficiary shall expend any money chargeable to Grantor or subject to reimbursement by Grantor under the terms of the Loan InstrumentsDocuments, Grantor shall repay the same to Beneficiary immediately at the place where the Note Loan Agreement is payable, together with interest thereon at the Default Rate provided for (as defined in the NoteLoan Agreement).

Reimbursement of Expenditure. If Beneficiary shall expend any money chargeable to Grantor or subject to reimbursement by Grantor under the terms of the Loan Instruments, Grantor shall will repay the same to Beneficiary immediately at the place where the Note is payable, together with interest thereon at the Default Rate provided for in the Note.

Reimbursement of Expenditure. If Beneficiary shall expend any money chargeable to Grantor or subject to reimbursement by Grantor under the terms of the Loan Instruments, Grantor shall repay the same to Beneficiary immediately at the place where the Note is payable, together with interest thereon at the Default Rate provided for (as defined in the NoteLoan Agreement) from and after the date of each such expenditure by Beneficiary until paid by Grantor.