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Protective Advances
Protective Advances contract clause examples

Protective Payments. If Borrower or any of its Subsidiaries fail to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan Document, Collateral Agent may obtain such insurance or make such payment, and all amounts so paid by Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the Default Rate, and secured by the Collateral. Collateral Agent will make reasonable efforts to provide Borrower with notice of Collateral Agent obtaining such insurance or making such payment at the time it is obtained or paid or within a reasonable time thereafter. No such payments by Collateral Agent are deemed an agreement to make similar payments in the future or Collateral Agent’s waiver of any Event of Default.

Protective Payments. If Borrower or any of its Subsidiaries fail to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan Document, Collateral Agent may obtain such insurance or make such payment, and all amounts so paid by Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the Default Rate, and secured by the Collateral. Collateral Agent will make reasonable efforts to provide Borrower with notice of Collateral Agent obtaining such insurance or making such payment at the time it is obtained or paid or within a reasonable time thereafter. No such payments by Collateral Agent are deemed an agreement to make similar payments in the future or Collateral Agent’s waiver of any Event of Default.

Protective Payments. If Borrower 1">or any of its Subsidiaries fail1">fails to obtain the insurance called for by 3">Section3">[Section 6.5">55">5] or fails to pay any premium thereon or fails to pay any other amount which Borrower7"> or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan Document, Collateral Agent may obtain such insurance or make such payment, and all amounts so paid by Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the Default Rate, and secured by the Collateral. Collateral Agent will make reasonable efforts to provide Borrower with notice of Collateral Agent obtaining such insurance or making such payment at the time it is obtained or paid or within a reasonable time thereafter. No such payments by Collateral Agent are deemed an agreement to make similar payments in the future or Collateral Agent’s waiver of any Event of Default.

Protective Payments. If Borrower or any of its Subsidiaries fail to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan Document, Collateral Agent may obtain such insurance or make such payment, and all amounts so paid by Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the Default Rate, and secured by the Collateral. Collateral Agent will make reasonable efforts to provide Borrower with notice of Collateral Agent obtaining such insurance or1"> making such payment at the time it is obtained or paid or within a reasonable time thereafter. No such payments by Collateral Agent are deemed an agreement to make similar payments in the future or Collateral Agent’s waiver of any Event of Default.

Protective Payments. If Borrower 1">or any of its Subsidiaries fail1">fails to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which Borrower 3">or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan 5">Document, Collateral5">Document or which may be required to preserve the Collateral, Agent may obtain such insurance or make such payment, and all amounts so paid by 7">Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the 9">Default Rate,9">then highest rate applicable to the Obligations, and secured by the Collateral.11"> Collateral Agent will make reasonable efforts to provide Borrower with notice of 13">Collateral Agent obtaining such insurance15"> or making such payment at the time it is obtained or 17">paid or within a reasonable time thereafter. No 19">such payments by21"> Collateral Agent are deemed an agreement to make similar payments in the future or 23">Collateral Agent’25">s or and Lender’s waiver of any Event of Default.

Protective Payments. If Borrower 1">or any of its Subsidiaries fail1">fails to obtain the insurance called for by 3">Section3">[Section 6.5">55">5] or fails to pay any premium thereon or fails to pay any other amount which Borrower 7">or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan 9">Document, Collateral9">Document or which may be required to preserve the Collateral, Agent may obtain such insurance or make such payment, and all amounts so paid by 11">Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the 13">Default Rate,13">then highest rate applicable to the Obligations, and secured by the Collateral.15"> Collateral Agent will make reasonable efforts to provide Borrower with notice of 17">Collateral Agent obtaining such insurance19"> or making such payment at the time it is obtained or 21">paid or within a reasonable time thereafter. No 23">such payments by25"> Collateral Agent are deemed an agreement to make similar payments in the future or 27">Collateral Agent’s29"> or and Lenders’ waiver of any Event of Default.

Protective Payments. If Borrower 1">or any of its Subsidiaries fail1">fails to obtain the insurance called for by 3">Section3">[Section 6.5">55">5] or fails to pay any premium thereon or fails to pay any other amount which Borrower 7">or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan 9">Document, Collateral9">Document or which may be required to preserve the Collateral, Agent may obtain such insurance or make such payment, and all amounts so paid by 11">Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the 13">Default Rate,13">then highest rate applicable to the Obligations, and secured by the Collateral.15"> Collateral Agent will make reasonable efforts to provide Borrower with notice of 17">Collateral Agent obtaining such insurance19"> or making such payment at the time it is obtained or 21">paid or within a reasonable time thereafter. No 23">such payments by25"> Collateral Agent are deemed an agreement to make similar payments in the future or 27">Collateral Agent’s29"> or and Lenders’ waiver of any Event of Default.

Protective Payments. If 1">a Borrower 3">or any of its Subsidiaries fail3">fails to obtain the insurance called for by Section 6.5 or fails to pay any premium thereon or fails to pay any other amount which 5">such Borrower7"> or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan 9">Document, Collateral9">Document or which may be required to preserve the Collateral, Agent may obtain such insurance or make such payment, and all amounts so paid by 11">Collateral Agent are 13">Lenders’13">Lender Expenses and immediately due and payable, bearing interest at the 15">Default Rate,15">then highest rate applicable to the Obligations, and secured by the Collateral.17"> Collateral Agent will make reasonable efforts to provide Borrower 19">Representative with notice of21"> Collateral Agent obtaining such insurance23"> or making such payment at the time it is obtained or 25">paid or within a reasonable time thereafter. No 27">such payments by29"> Collateral Agent are deemed an agreement to make similar payments in the future or 31">Collateral Agent’s waiver of any Event of Default.

Protective Payments. If Borrower or any of its Subsidiaries fail to obtain the insurance called for by 1">Section1">[Section 6.3">53">5] or fails to pay any premium thereon or fails to pay any other amount which Borrower or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan Document, Collateral Agent may obtain such insurance or make such payment, and all amounts so paid by Collateral Agent are Lenders’ Expenses and immediately5"> due and payable, bearing interest at the Default Rate, and secured by the Collateral. Collateral Agent will make reasonable efforts to provide Borrower with notice of Collateral Agent obtaining such insurance or making such payment at the time it is obtained or paid or within a reasonable time thereafter. No such payments by Collateral Agent are deemed an agreement to make similar payments in the future or Collateral Agent’s waiver of any Event of Default.

Protective Payments. If Borrower 1">or any of its Subsidiaries fail1">fails to obtain the insurance called for by 3">Section 6.53">[Section 5.6] or fails to pay any premium thereon or fails to pay any other amount which Borrower 5">or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan 7">Document, Collateral7">Document or which may be required to preserve the Collateral, Agent may obtain such insurance or make such payment, and all amounts so paid by 9">Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the 11">Default Rate,11">then highest rate applicable to the Obligations, and secured by the Collateral.13"> Collateral Agent will make reasonable efforts to provide Borrower with notice of 15">Collateral Agent obtaining such insurance17"> or making such payment at the time it is obtained or 19">paid or within a reasonable time thereafter. No 21">such payments by23"> Collateral Agent are deemed an agreement to make similar payments in the future or 25">Collateral Agent’27">s or any Lender’s waiver of any Event of Default.

Protective Payments. If Borrower 1">or any of its Subsidiaries fail1">fails to obtain the insurance called for by 3">Section 6.53">[Section 5.6] or fails to pay any premium thereon or fails to pay any other amount which Borrower 5">or any of its Subsidiaries is obligated to pay under this Agreement or any other Loan 7">Document, Collateral7">Document or which may be required to preserve the Collateral, Agent may obtain such insurance or make such payment, and all amounts so paid by 9">Collateral Agent are Lenders’ Expenses and immediately due and payable, bearing interest at the 11">Default Rate,11">then highest rate applicable to the Obligations, and secured by the Collateral.13"> Collateral Agent will make reasonable efforts to provide Borrower with notice of 15">Collateral Agent obtaining such insurance17"> or making such payment at the time it is obtained or 19">paid or within a reasonable time thereafter. No 21">such payments by23"> Collateral Agent are deemed an agreement to make similar payments in the future or 25">Collateral Agent’s27"> or and Lenders’ waiver of any Event of Default.

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