Common use of Sums Advanced Clause in Contracts

Sums Advanced. Borrower shall be liable to Agent for all sums paid or incurred in connection with the construction of the Required Improvements or other alteration, improvement, maintenance, replacement, restoration or repair under taken by Agent whether the same shall be paid or incurred pursuant to the provisions of this Section 8.4 or otherwise, all of which shall be paid by Borrower to Agent upon demand with interest at the Default Rate from the time incurred by Agent to the date of payment to Agent, and all of the foregoing sums, including such interest at the Default Rate, shall be deemed and shall constitute disbursements of Loan proceeds under this Loan Agreement and be evidenced by the Note and secured by the Security Documents.

Sums Advanced. Borrower shall be liable to Agent for all sums paid or incurred in connection with the construction of the Required Improvements or other any alteration, improvement, maintenance, replacement, restoration or repair under taken undertaken by Agent whether the same shall be paid or incurred pursuant to the provisions of this Section 8.4 or otherwise, all of which shall be paid by Borrower to Agent upon demand with interest at the Default Rate from the time incurred by Agent to the date of payment to Agent, and all of the foregoing sums, including such interest at the Default Rate, shall be deemed and shall constitute disbursements of Loan proceeds under this Loan Agreement and be evidenced by the Note and secured by the Security Documents.

Sums Advanced. Borrower shall be liable to Agent for all sums paid or incurred in connection with the construction of the Required Improvements or other alteration, improvement, maintenance, replacement, restoration or repair under taken by Agent any Property whether the same shall be paid or incurred pursuant to the provisions of this Section 8.4 9.4 or otherwise, and all other payments made or liabilities incurred by Agent under this Loan Agreement of any kind whatsoever, all of which shall be paid by Borrower to Agent upon demand with interest at the Default Rate from the time incurred by Agent to the date of payment to Agent, and all of the foregoing sums, including such interest at the Default Rate, shall be deemed and shall constitute disbursements of Loan proceeds under this Loan Agreement and be evidenced by the Note and secured by the Security Documents.