Common use of Additional Advances and Disbursements Clause in Contracts

Additional Advances and Disbursements. Mortgagor shall pay when due all payments and charges on all deeds of trust, security agreements, Liens, encumbrances, ground and other leases, and security interests which may be or become superior or inferior to the lien of this Mortgage, provided that Mortgagor shall have the right to pursue a Good Faith Contest thereof, and in default thereof continuing after the expiration of any and all applicable grace and/or cure periods (subject to any such Good Faith Contest), Mortgagee shall have the right, but shall not be obligated, to pay, without notice to Mortgagor, such payments and charges, and Mortgagor shall reimburse Mortgagee for amounts so paid within ten (10) days after written demand therefor. In addition, upon default of Mortgagor continuing after the expiration of any and all applicable grace and/or cure periods, in the performance of any other terms, covenants, conditions, or obligations by it to be performed under any such prior or subordinate lien, encumbrance, lease, or security interest, provided that there is no ongoing Good Faith Contest thereof, Mortgagee shall have the right, but shall not be obligated, to cure such default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee pursuant to this Section 5.8 or as otherwise provided under the terms and provisions of this Mortgage or under applicable law shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the default interest rate set forth in the Credit Agreement.

Additional Advances and Disbursements. Mortgagor shall pay when due all payments and charges on all mortgages, deeds of trust, deeds to secure debt, security agreements, Liensliens, encumbrances, ground and other leases, and security interests which may be or become superior or inferior to the lien of this Mortgage, provided that Mortgagor shall have the right to pursue a Good Faith Contest thereofInstrument, and in default thereof continuing after the expiration of any and all applicable grace and/or cure periods (subject to any such Good Faith Contest)thereof, Mortgagee shall have the right, but shall not be obligated, to pay, without notice to Mortgagor, such payments and charges, and Mortgagor shall shall, on demand, reimburse Mortgagee for amounts so paid within ten (10) days after written demand thereforpaid. In addition, upon default of Mortgagor continuing after the expiration of any and all applicable grace and/or cure periods, in the performance of any other terms, covenants, conditions, or obligations by it to be performed under any such prior or subordinate lien, encumbrance, lease, or security interest, provided that there is no ongoing Good Faith Contest thereof, Mortgagee shall have the right, but shall not be obligated, to cure such default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee pursuant to this Section 5.8 1.8 or as otherwise provided under the terms and provisions of this Mortgage Instrument or under applicable law shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the default interest rate set forth "Default Rate" as provided in the Credit AgreementAgreement (herein called the "Default Rate").

Additional Advances and Disbursements. Mortgagor shall pay when due all payments and charges on all mortgages, deeds of trust, deeds to secure debt, security agreements, Liensliens, encumbrances, ground and other leases, and security interests which may be or become superior or inferior to the lien of this Mortgage, provided that Mortgagor shall have the right to pursue a Good Faith Contest thereofInstrument, and in default thereof continuing after the expiration of any and all applicable grace and/or cure periods (subject to any such Good Faith Contest)thereof, Mortgagee shall have the right, but shall not be obligated, to pay, without notice to Mortgagor, such payments and charges, and Mortgagor shall shall, on demand, reimburse Mortgagee for amounts so paid within ten (10) days after written demand thereforpaid. In addition, upon default of Mortgagor continuing after the expiration of any and all applicable grace and/or cure periods, in the performance of any other terms, covenants, conditions, or obligations by it to be performed under any such prior or subordinate lien, encumbrance, lease, or security interest, provided that there is no ongoing Good Faith Contest thereof, Mortgagee shall have the right, but shall not be obligated, to cure such default in the name and on behalf of Mortgagor. All sums advanced and expenses incurred at any time by Mortgagee pursuant to this Section 5.8 1.8 or as otherwise provided under the terms and provisions of this Mortgage Instrument or under applicable law shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the default interest rate set forth “Default Rate” as provided in the Credit AgreementAgreement (herein called the “Default Rate”).