Common use of Discharge Encumbrances Clause in Contracts

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rate.

Discharge Encumbrances. After the occurrence of an Event of Default, Secured Party may, at its option, discharge any taxes, liensLiens, security interests or other encumbrances at any time levied or placed on the Collateral, and may pay for insurance on the Collateral to the extent required by this Agreement or the Indenture and may pay for the maintenance and preservation of the Collateralnot obtained by Debtors. Debtor agrees Debtors agree to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rateinterest rate applicable to overdue principal as provided in the Notes.

Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, liensLiens, security interests or other encumbrances at any time levied or placed on the Collateral, and may pay for insurance on the Collateral to the extent required by this Agreement or the Indenture and may pay for the maintenance and preservation of the Collateralnot obtained by Debtor. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's ’s demand at the Highest Lawful Rateinterest rate applicable to overdue principal as provided in the Notes.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests taxes or other encumbrances Liens at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay not paid by the Pledgor when due, except for the maintenance those items being contested in good faith, by appropriate proceedings, diligently pursued and preservation of the Collateralfor which adequate reserves have been provided in accordance with GAAP. Debtor Pledgor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Post-Default Rate.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at twelve percent (12%) per annum (the Highest Lawful "Post-Default Rate").

Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, liensLiens, security interests or other encumbrances at any time levied or placed on the Collateral, and may pay for insurance on the Collateral to the extent required by this Agreement or the Indenture and may pay for the maintenance and preservation of the Collateralnot obtained by Debtor. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rateinterest rate applicable to overdue principal as provided in the Note.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the reasonable maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Post-Default Rate.

Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, liensLiens, security interests or other encumbrances at any time levied or placed on the Collateral, Collateral and may pay for insurance on the Collateral to the extent required by this Agreement or the Indenture and may pay for the maintenance and preservation of the Collateralnot obtained by Debtor. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rateinterest rate applicable to overdue principal as provided in the Notes.

Discharge Encumbrances. Secured Party may, at its option, discharge any taxes, liens, security interests interests, or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rate.

Discharge Encumbrances. After the occurrence and during the continuance of an Event of Default, Secured Party may, at its option, discharge any taxes, liensLiens, security interests or other encumbrances at any time levied or placed on the Collateral, and may pay for insurance on the Collateral to the extent required by this Agreement or the Indenture and may pay for the maintenance and preservation of the Collateralnot obtained by Debtor. Debtor agrees to reimburse Secured Party upon demand for any payment so made, plus interest thereon from the date of Secured Party's demand at the Highest Lawful Rateinterest rate applicable to overdue principal as provided in the Notes.

Discharge Encumbrances. The Secured Party may, at its option, discharge any taxes, liens, security interests or other encumbrances at any time levied or placed on the Collateral, may pay for insurance on the Collateral and may pay for the maintenance and preservation of the Collateral. Debtor agrees to reimburse the Secured Party upon demand for any payment so made, plus interest thereon from the date of the Secured Party's demand at the Highest Lawful Rate.