Expenses in Preserving Interests of Lender Clause Samples

The 'Expenses in Preserving Interests of Lender' clause requires the borrower to reimburse the lender for any costs incurred in protecting or maintaining the lender's rights or collateral under the agreement. This may include expenses related to legal actions, insurance, property maintenance, or other measures taken to safeguard the lender's security interest. By allocating these costs to the borrower, the clause ensures that the lender is not financially disadvantaged when taking necessary steps to preserve its interests, thereby reducing the lender's risk exposure.
Expenses in Preserving Interests of Lender. The Borrower agrees to pay on demand, such advances made by ▇▇▇▇▇▇ to or for the account of the Borrower, including advances for insurance, repairs to any Collateral, taxes, and such reasonable costs incurred by ▇▇▇▇▇▇ (in its discretion and regardless as to whether any such advance increases the unpaid balance of the Revolving Loan or the Debt) in the discharge of any lien, security interest, encumbrance, lease, pledge or assignment whether prior to or following judgment.
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Expenses in Preserving Interests of Lender. The Guarantor agrees to unconditionally pay, on demand, advances made by Lender to or for the account of the Borrower, including advances for insurance, repairs to any collateral, taxes, and such costs incurred by Lender in the discharge of any lien, security interest, encumbrance, lease, pledge or assignment.
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Expenses in Preserving Interests of Lender. The Borrower and Guarantor agree to pay on demand, such advances made by Lender to or for the account of the Borrower or Guarantor, including advances for insurance, repairs to any Collateral, taxes, and such costs incurred by Lender (in its discretion and regardless as to whether any such advance increases the unpaid balance of the Revolving Loan or the Debt) in the discharge of any lien, security interest, encumbrance, lease, pledge or assignment.
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Related to Expenses in Preserving Interests of Lender

  • Participating Interests Effective in the case of each Standby L/C and Commercial L/C (if applicable) as of the date of the opening thereof, the Issuing Lender agrees to allot and does allot, to itself and each other Revolving Credit Lender, and each such Lender severally and irrevocably agrees to take and does take in such Letter of Credit and the related L/C Application (if applicable), an L/C Participating Interest in a percentage equal to such Lender’s Revolving Credit Commitment Percentage.

  • Percentage Interests If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Percentage Interest shall be adjusted by the General Partner effective as of the effective date of each such increase or decrease to a percentage equal to the number of Partnership Units held by such Partner divided by the aggregate number of Partnership Units outstanding after giving effect to such increase or decrease. If the Partners’ Percentage Interests are adjusted pursuant to this Section 4.6, the Profits and Losses for the taxable year in which the adjustment occurs shall be allocated between the part of the year ending on the day when the adjustment occurs and the part of the year beginning on the following day either (i) as if the taxable year had ended on the date of the adjustment or (ii) based on the number of days in each part. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate Profits and Losses for the taxable year in which the adjustment occurs. The allocation of Profits and Losses for the earlier part of the year shall be based on the Percentage Interests before adjustment, and the allocation of Profits and Losses for the later part shall be based on the adjusted Percentage Interests.

  • Conflicting Interests of Trustee If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture.

  • Reallocation of Pro Rata Share; Amendments For purposes of determining Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.