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

Additional Financing Statements; Performance by Administrator. Each Loan Party hereby authorizes the Administrator, on behalf of the Secured Parties, or its designee to file one or more financing or continuation statements, and amendments thereto and assignments 39 thereof, relative to all or any of the Receivables and the Related Assets now existing or hereafter arising in the name of any Loan Party. If any Loan Party fails to promptly execute and deliver to the Administrator, on behalf of the Secured Parties, any financing statement or continuation statement or amendment thereto or assignment thereof requested by the Administrator, on behalf of the Secured Parties, each Loan Party hereby authorizes the Administrator, on behalf of the Secured Parties, to execute such statement on behalf of such Loan Party. If any Loan Party fails to perform any of its agreements or obligations under this Agreement, the Administrator or its designee may (but shall not be required to) itself perform, or cause performance of, such agreement or obligation, and the reasonable expenses of the Administrator or its designee incurred in connection therewith shall be payable by the Loan Parties as provided in Section 14.5.

Additional Financing Statements; Performance by Administrator. Each Loan Transaction Party hereby authorizes the Administrator, on behalf of the Secured PartiesTransferee's behalf, or its designee to file one or more financing or continuation statements, and amendments thereto and assignments 39 thereof, relative to all or any of the Pool Receivables and the Related Assets now existing or hereafter arising in the name of any Loan Transaction Party. If any Loan Transaction Party fails to promptly execute and deliver within 10 days to the Administrator, on behalf of the Secured PartiesTransferee's behalf, any financing statement or continuation statement or amendment thereto or assignment thereof reasonably requested by the Administrator, on behalf of the Secured PartiesTransferee's behalf, each Loan Transaction Party hereby authorizes the Administrator, on behalf of the Secured PartiesTransferee's behalf, to execute such statement on behalf of such Loan Transaction Party. If any Loan Transaction Party fails to perform any of its agreements or obligations under this Agreement, the Administrator or its designee may (but shall not be required to) itself perform, or cause performance of, such agreement or obligation, and the reasonable expenses of the Administrator or its designee incurred in connection therewith shall be payable by the Loan Transaction Parties as provided in Section 14.514.05.

Additional Financing Statements; Performance by Administrator. Each Loan Seller Party hereby authorizes the Administrator, on behalf of the Secured PartiesPurchaser's behalf, or its designee to file one or more financing or continuation statements, and amendments thereto and assignments 39 thereof, relative to all or any of the Pool Receivables and the Related Assets now existing or hereafter arising in the name of any Loan Partyarising. If any Loan Seller Party fails to promptly execute and deliver to the Administrator, on behalf of the Secured PartiesPurchaser's behalf, any financing statement or continuation statement or amendment thereto or assignment thereof requested by the Administrator, on behalf of the Secured PartiesPurchaser's behalf, each Loan Seller Party hereby authorizes the Administrator, on behalf of the Secured PartiesPurchaser's behalf, to execute such statement on behalf of such Loan Seller Party. If any Loan Seller Party fails to perform any of its agreements or obligations under this Agreement, the Administrator or its designee may (but shall not be required to) itself perform, or cause performance of, such agreement or obligation, and the reasonable expenses of the Administrator or its designee incurred in connection therewith shall be payable by the Loan Seller Parties as provided in Section 14.5.

Additional Financing Statements; Performance by Administrator. Each Loan Transaction Party hereby authorizes the Administrator, on behalf of the Secured PartiesTransferee's behalf, or its designee to file a record or records, including without limitation, one or more financing or continuation statements, and amendments thereto and assignments 39 thereof, relative to all or any of the Pool Receivables and the Related Assets now existing or hereafter arising in the name of any Loan Transaction Party. If any Loan Transaction Party fails to promptly execute and deliver within 10 days to the Administrator, on behalf of the Secured PartiesTransferee's behalf, any record, financing statement or continuation statement or amendment thereto or assignment thereof reasonably requested by the Administrator, on behalf of the Secured Parties, each Loan Transaction Party hereby authorizes the Administrator, on behalf of the Secured Parties, Administrator to execute such statement instrument on behalf of such Loan Transaction Party. If any Loan Transaction Party fails to perform any of its agreements or obligations under this Agreement, the Administrator or its designee may (but shall not be required to) itself perform, or cause performance of, such agreement or obligation, and the reasonable expenses of the Administrator or its designee incurred in connection therewith shall be payable by the Loan Transaction Parties as provided in Section 14.514.05.