Common use of Administrative Agent May Perform Clause in Contracts

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

Appears in 1 contract

Samples: u.s. Security Agreement (Nortek Inc)

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Administrative Agent May Perform. If any Grantor fails to perform any agreement contained hereinin this Agreement, the Administrative Agent may, may (but without any obligation to do so and without noticeshall not be obligated to) after such prior notice as may be reasonable under the circumstances, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith with doing so shall be payable by such Grantor under Section 17 of this Agreementthe Grantors.

Appears in 1 contract

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Administrative Agent May Perform. If any either Grantor fails to perform any agreement contained hereinof its obligations under the Note, this Agreement or any other Loan Document, the Administrative Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreement, and and, with respect to any such action taken when an Event of Default exists, the expenses of the Administrative Agent incurred in connection therewith (including any attorneys fees) shall be payable by such Grantor under Section 17 the Grantors. Such expenses shall be payable solely by the Grantors and shall not reduce the amount due hereunder or the amount of this Agreementany Cash Payment.

Appears in 1 contract

Samples: Patent Security Agreement (Tetragenex Pharmaceuticals, Inc.)

Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17 of this Agreement16.

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, may as the Administrative Agent deems necessary but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17 of this Agreement21(b).

Appears in 1 contract

Samples: Security Agreement (Accuride Corp)

Administrative Agent May Perform. If any the Grantor fails to perform any agreement contained herein, the Administrative Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such the Grantor under Section 17 of this Agreementpursuant to SECTION 6.4.

Appears in 1 contract

Samples: Pledge and Security Agreement (Commemorative Brands Inc)

Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, but without any obligation may upon notice to do so and without notice, itself such Grantor 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 of this Agreement20(b).

Appears in 1 contract

Samples: Security Agreement (Fitness Holdings Inc)

Administrative Agent May Perform. If any Grantor of the Grantors fails to perform any agreement contained herein, the Administrative Agent maymay itself, but without any obligation upon reasonable prior notice to do so and without noticesuch Grantor, itself perform, or cause performance of, such agreement, and the reasonable and actual expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17 of this Agreement13(b).

Appears in 1 contract

Samples: Security Agreement (Moran Transportation Co)

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Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17 of this Agreement19.

Appears in 1 contract

Samples: Security Agreement (American Real Estate Partners L P)

Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor the Grantors under Section 17 of this Agreement16(b) hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (Usg Corp)

Administrative Agent May Perform. If any Grantor of the Grantors fails to perform any agreement contained herein, the Administrative Agent maymay itself, but without any obligation upon reasonable prior notice to do so and without noticesuch Grantor, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17 of this Agreement.reasonable and

Appears in 1 contract

Samples: Security Agreement (Audio Book Club Inc)

Administrative Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Administrative Agent may, after providing notice to such Grantor of its intent to do so (provided that, in the case of an Event of Default pursuant to Sections 8.01(f) or (g) of the Credit Agreement, such notice shall have automatically been deemed to have been given), but without any obligation to do so and without noticeso, itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall be payable by such Grantor under Section 17 of this Agreement16.

Appears in 1 contract

Samples: Security Agreement (Keyw Holding Corp)

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