Expenses Incurred by Lender. In its discretion, Lender may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees or, if the debtor fails to do so, insurance premiums. Borrower agrees to reimburse Lender on demand for any and all expenditures so made. Lender has no obligation to Borrower to make any such expenditures, and the making thereof will not relieve Borrower of any default.
Appears in 4 contracts
Samples: Security Agreement (Advanced BioEnergy, LLC), Security Agreement (Golden Grain Energy), Security Agreement (Great Plains Ethanol LLC)
Expenses Incurred by Lender. In its discretion, Lender may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees or, if the debtor fails to do so, insurance premiums. Borrower agrees to reimburse Lender on demand for any and all expenditures so made. Lender has shall have no obligation to Borrower to make any such expenditures, and nor shall the making thereof will not relieve Borrower of any default.
Appears in 2 contracts
Samples: Security Agreement (Great Plains Ethanol LLC), Security Agreement (East Kansas Agri Energy LLC)
Expenses Incurred by Lender. In its discretion, the Lender may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees or, if the debtor fails to do so, insurance premiums. Borrower The Company agrees to reimburse the Lender on demand for any and all expenditures so made. The Lender has shall have no obligation to Borrower the Company to make any such expenditures, and nor shall the making thereof will not relieve Borrower the Company of any default.
Appears in 2 contracts
Samples: Security Agreement (Syndicated Food Service International Inc), Security Agreement (Cohesant Inc.)
Expenses Incurred by Lender. In its discretion, the Lender may discharge taxes and other encumbrances at any time levied or placed on any of the Collateral, make repairs thereto and pay any necessary filing fees or, if the debtor Borrower fails to do so, insurance premiums. The Borrower agrees to reimburse the Lender on demand for any and all expenditures so made. The Lender has will have no obligation to the Borrower to make any such expenditures, and nor will the making thereof will not relieve the Borrower of any default.
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