Common use of Administrative Agent May Perform Clause in Contracts

Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor under Section 17(b).

Appears in 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

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Administrative Agent May Perform. If any of the Grantor Grantors fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be payable payable, jointly and severally, by Grantor under Section 17(b)Grantors.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Oxford Industries Inc), Pledge and Security Agreement (Oxford Industries Inc), Pledge and Security Agreement (Oxford Industries Inc)

Administrative Agent May Perform. If the Grantor fails to perform -------------------------------- any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor under pursuant to Section 17(b).------- 6.2. ---

Appears in 3 contracts

Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by the Grantor under Section 17(b)pursuant to SECTION 6.2.

Appears in 2 contracts

Samples: Credit Agreement (Titan Corp), Senior Secured Credit Agreement (Titan Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by each such Grantor under Section 17(b)5.6.

Appears in 2 contracts

Samples: Security Agreement (Texas Industries Inc), Security Agreement (Texas Industries Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses any expense of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under pursuant to Section 17(b)6.3.

Appears in 2 contracts

Samples: Security Agreement (Sterling Chemicals Inc), Security Agreement (Sterling Chemical Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, subject to the Subordinated Intercreditor Agreement the Administrative Agent may itself perform, or cause the performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor under Section 17(b)such Grantor.

Appears in 2 contracts

Samples: Subordinated Security Agreement, Subordinated Security Agreement (Wells Timberland REIT, Inc.)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b)pursuant to SECTION 6.2.

Appears in 2 contracts

Samples: Credit Agreement (Titan Corp), Senior Secured Credit Agreement (Titan Corp)

Administrative Agent May Perform. If the Grantor fails to -------------------------------- perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent so incurred in connection therewith therewith, including the fees and expenses of Administrative Agent's counsel, shall be payable by Grantor under Section 17(b)16 hereof.

Appears in 2 contracts

Samples: Subsidiary Copyright Security Agreement (Diamond Brands Operating Corp), Copyright Security Agreement (Diamond Brands Operating Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under pursuant to Section 17(b)6.2.

Appears in 2 contracts

Samples: Security Agreement (First Advantage Corp), Credit Agreement (Global Power Equipment Group Inc/)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under pursuant to Section 17(b)6.3.

Appears in 2 contracts

Samples: Current Assets Security Agreement (Sterling Chemical Inc), Fixed Assets Security Agreement (Sterling Chemical Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may may, but without any obligation to do so and without further notice, itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b)21.

Appears in 2 contracts

Samples: Credit Agreement (Mediq Inc), Security Agreement (Mediq Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b)pursuant to SECTION 6.4.

Appears in 2 contracts

Samples: Security and Pledge Agreement (World Almanac Education Group Inc), Subsidiary Pledge and Security Agreement (Commemorative Brands Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may may, but without any obligation to do so and without notice, itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b)14.

Appears in 2 contracts

Samples: Security Agreement (Jones Apparel Group Inc), Security Agreement (Jones Apparel Group Inc)

Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor under Section 17(b11(A).

Appears in 1 contract

Samples: Pledge and Security Agreement (Hawk Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may may, but without any obligation to do so and without notice, itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b21(b).

Appears in 1 contract

Samples: Credit Agreement (Tanner Chemicals Inc)

Administrative Agent May Perform. If the Grantor any of Grantors fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be payable payable, jointly and severally, by Grantor under Section 17(b)Grantors.

Appears in 1 contract

Samples: Pledge and Security Agreement (Oxford Industries Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by the Grantor under pursuant to Section 17(b)6.2.

Appears in 1 contract

Samples: Security Agreement (Titan Corp)

Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent so incurred in connection therewith therewith, including the fees and expenses of Administrative Agent's counsel, shall be payable by Grantor under Section 17(b)16 hereof.

Appears in 1 contract

Samples: Credit Agreement (Diamond Brands Operating Corp)

Administrative Agent May Perform. If the any Grantor fails -------------------------------- to perform any agreement contained herein, the Administrative Agent may itself (but shall not be obligated to) perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under pursuant to Section 17(b).6.2. -----------

Appears in 1 contract

Samples: Security Agreement (Jorgensen Earle M Co /De/)

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Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be jointly and severally payable by Grantor under the Grantors pursuant to Section 17(b)6.2.

Appears in 1 contract

Samples: Guarantor Security Agreement (Key Components LLC)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under pursuant to Section 17(b)7.5.

Appears in 1 contract

Samples: Credit Agreement (Medidata Solutions, Inc.)

Administrative Agent May Perform. If the any Grantor fails to -------------------------------- perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b23(b).

Appears in 1 contract

Samples: Security Agreement (PHP Healthcare Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable payable, jointly and severally, by Grantor under Section 17(b)Grantors.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor the Grantors under Section 17(b)18(b) hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (Federal Mogul Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under pursuant to Section 17(b)6.4.

Appears in 1 contract

Samples: Subsidiary Security and Pledge Agreement (Nextel Partners Inc)

Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor under pursuant to Section 17(b)6.2.

Appears in 1 contract

Samples: Participation Agreement (HCS Ii Inc)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may may, but without any obligation to do so itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b)26.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (BJ Services, Inc.)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b23(b).

Appears in 1 contract

Samples: Security Agreement (PHP Healthcare Corp)

Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by the Grantor under Section 17(b)5.5.

Appears in 1 contract

Samples: Security Agreement (Chaparral Steel CO)

Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent may itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by Grantor under Section 17(b)Grantor.

Appears in 1 contract

Samples: Security Agreement (Progressive Gaming International Corp)

Administrative Agent May Perform. If the any Grantor fails to perform any agreement contained herein, the Administrative Agent may may, but without any obligation to do so and without further notice, itself perform, or cause the performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17(b)20.

Appears in 1 contract

Samples: Credit Agreement (Mediq Inc)

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