Common use of Right to Cure at Borrower's Expense Clause in Contracts

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, Borrower shall reimburse the County for any funds advanced by the County to cure such monetary default by Borrower, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 10 contracts

Samples: Development Loan Agreement, CDBG Loan Agreement, Loan Agreement

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Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Combined County Loan. Upon demand therefor, Borrower shall reimburse the County for any funds advanced by the County to cure such monetary default by Borrower, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 5 contracts

Samples: Development Loan Agreement, Development Loan Agreement, Development Loan Agreement

Right to Cure at Borrower's Expense. The County has shall have the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loanthis Agreement. Upon demand therefor, The Borrower shall agrees to reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefore, together with interest thereon at the rate of twelve percent (12%) per annum or the maximum rate permitted by law, whichever rate is lesser, from the date of expenditure until the date of reimbursement at the Default Ratereimbursement.

Appears in 4 contracts

Samples: Regulatory Agreement and Declaration Of, Regulatory Agreement, Regulatory Agreement

Right to Cure at Borrower's Expense. The County has shall have the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, The Borrower shall agrees to reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefore, together with interest thereon at the rate of twelve percent (12%) per annum (which rate shall in no event exceed the maximum rate permitted by law and if it does, said rate shall be reduced to the maximum rate then permitted by law), from the date of expenditure until the date of reimbursement at the Default Ratereimbursement.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefordemand, Borrower shall reimburse the County for any funds advanced by the County to cure such a monetary default by Borrower, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 2 contracts

Samples: Predevelopment Loan Agreement, Technical Assistance Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Combined County Loan. Upon demand therefor, Borrower Xxxxxxxx shall reimburse the County for any funds advanced by the County to cure such monetary default by Borrower, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: Development Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, Borrower shall agrees to reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefore, together with interest thereon at the lesser of the maximum rate permitted by law or ten percent (10%) per annum from the date of expenditure until the date of reimbursement at the Default Ratereimbursement.

Appears in 1 contract

Samples: Loan Agreement

Right to Cure at Borrower's Expense. The County has shall have the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, The Borrower shall agrees to reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefor, together with interest thereon at the lesser of the maximum rate permitted by law and ten percent (10%) per annum (the "Default Rate") from the date of expenditure until the date of reimbursement at the Default Ratereimbursement.

Appears in 1 contract

Samples: County Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefortherefore, Borrower Xxxxxxxx shall reimburse the County for any funds advanced by the County to cure such monetary default by BorrowerXxxxxxxx, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: CDBG and Home Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefortherefore, Borrower shall reimburse the County for any funds advanced by the County to cure such monetary default by Borrower, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: CDBG and Home Loan Agreement

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Right to Cure at Borrower's Expense. The County has shall have the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, Borrower shall agrees to reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefore, together with interest thereon at the Default Rate from the date of expenditure until the date of reimbursement at the Default Ratereimbursement.

Appears in 1 contract

Samples: Predevelopment and Construction Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefortherefore, Borrower shall reimburse the County for any funds advanced by the County to cure such monetary default by Borrowerdefault, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: Nsp3 Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, Borrower Xxxxxxxx shall reimburse the County for any funds advanced by the County to cure such monetary default by BorrowerXxxxxxxx, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: Hopwa Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, Borrower Xxxxxxxx shall reimburse the County for any funds advanced by the County to cure such monetary default by Borrower, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: CDBG Loan Agreement

Right to Cure at Borrower's Expense. The County has shall have the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the County Loan. Upon demand therefor, Borrower shall Xxxxxxxx agrees to reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefor, together with interest thereon from the date of expenditure until the date of reimbursement at the Default Rate.

Appears in 1 contract

Samples: Construction and Permanent Loan Agreement

Right to Cure at Borrower's Expense. The County has the right (but not the obligation) to cure any monetary default by Borrower under a loan other than the Loan. Upon demand therefor, The Borrower shall reimburse the County for any funds advanced by the County to cure such a monetary default by BorrowerBorrower upon demand therefor, together with interest thereon at the lesser of ten percent (10%) or the maximum rate permitted by law, from the date of expenditure until the date of reimbursement at the Default Ratereimbursement.

Appears in 1 contract

Samples: CDBG Loan Agreement

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