Accrued Interest Payment. If -------------------------- Borrower fails to pay all accrued interest on the Loan within 10 days after the monthly due date set forth in the Note, whether due to inadequate cash flow of any Facility or otherwise, Lender may, at its option, advance Loan proceeds to pay the accrued interest.
Appears in 1 contract
Sources: Loan Agreement (Emeritus Corp\wa\)
Accrued Interest Payment. If -------------------------- Borrower fails to pay all accrued interest on the Loan within 10 days after the any monthly due date set forth in the Note, whether due to inadequate cash flow of any Facility or otherwise, Lender may, at its option, and in addition to the exercise of any rights and remedies provided in the Loan Documents, advance additional Loan proceeds to pay the accrued interest.
Appears in 1 contract
Sources: Loan Agreement (Emeritus Corp\wa\)
Accrued Interest Payment. If -------------------------- Borrower fails to pay all accrued interest on the Loan within 10 days after the any monthly due date set forth in the Note, whether due to inadequate cash flow of any Facility or otherwise, Lender may, at its option, advance additional Loan proceeds to pay the accrued interest.
Appears in 1 contract
Sources: Loan Agreement (Emeritus Corp\wa\)