Common use of Additional Financing Statements; Performance by Administrator Clause in Contracts

Additional Financing Statements; Performance by Administrator. Seller hereby authorizes the Administrator or its designee to file one or more financing or continuation statements, and amendments thereto and assignments thereof, relative to all or any portion of the Receivable Interest now existing or hereafter arising in the name of Seller. If Seller or LOL fails to perform any of its agreements or obligations under this Agreement, the Administrator or its designee may (but shall not be required to), after notice to Seller or LOL and a reasonable opportunity for Seller or LOL to perform (unless immediate action is reasonably required to protect the interests of the Administrator or the Purchasers), itself perform, or cause performance of, such agreement or obligation, and the expenses of the Administrator or its designee incurred in connection therewith shall be payable by Seller or LOL as the case may be.

Additional Financing Statements; Performance by Administrator. Seller hereby authorizes the Administrator or its designee to file one or more financing or continuation statements, and amendments thereto and assignments thereof, relative to all or any portion of the Receivable Interest now existing or hereafter arising in the name of Seller. If Seller or LOL Feed fails to perform any of its agreements or obligations under this Agreement, the Administrator or its designee may (but shall not be required to), after notice to Seller or LOL Feed and a reasonable opportunity for Seller or LOL Feed to perform (unless immediate action is reasonably required to protect the interests of the Administrator or the Purchasers), itself perform, or cause performance of, such agreement or obligation, and the expenses of the Administrator or its designee incurred in connection therewith shall be payable by Seller or LOL Feed as the case may be.