Certain Rights of Secured Parties. The Secured Parties shall have the right, but not the obligation, to pay any taxes or levies on the Collateral or any costs to repair or to preserve the Collateral, which payment shall be made for the account of Debtor and shall constitute a part of the obligations owed to the Secured Parties and secured pursuant to this Agreement.
Appears in 2 contracts
Sources: Security Agreement (Golden West Brewing Company, Inc.), Security Agreement (Golden West Brewing Company, Inc.)