Common use of Administrative Agent or Lender May Perform Covenants Clause in Contracts

Administrative Agent or Lender May Perform Covenants. If any Borrower fails to perform any of its obligations under any covenant contained in this Agreement or any other Document, the Administrative Agent or any Credit Facility Lender may (but has no obligation to), after the occurrence of an Event of Default, which is continuing, perform any covenant capable of being performed by it and, if the covenant requires the payment or expenditure of money, it may make an Advance to fund that requirement, which Advance shall be repaid by applicable Borrower on demand. That Advance shall bear interest at a rate calculated and paid in accordance with Section 3.

Administrative Agent or Lender May Perform Covenants. If any the Borrower fails to perform any of its obligations under any covenant contained in this Agreement or any other Document, the Administrative Agent or any Credit Facility Lender may (but has no obligation to), after upon notice to the occurrence of an Event of Default, which is continuingBorrower, perform any covenant capable of being performed by it and, if the covenant requires the payment or expenditure of money, it may make an Advance to fund that requirement, which Advance shall be repaid by applicable the Borrower on demand. That Advance shall bear interest at a rate calculated and paid in accordance with Section Article 3.

Administrative Agent or Lender May Perform Covenants. If any the Borrower fails to perform any of its obligations under any covenant contained in this Agreement or any other Document, the Administrative Agent or any Credit Facility Lender may (but has no obligation to), after upon notice to the occurrence of an Event of Default, which is continuingBorrower, perform any covenant capable of being performed by it and, if the covenant requires the payment or expenditure of money, it may make an Advance to fund that requirement, which Advance shall be repaid by applicable the Borrower on demand. That Advance shall bear interest at a rate calculated and paid in accordance with Article 3. Section 3.11.7

Administrative Agent or Lender May Perform Covenants. If any Borrower Credit Party fails to perform any of its obligations under any covenant contained in this Agreement or any other Document, the Administrative Agent or any Credit Facility Lender may (but has no obligation to), after upon notice to the occurrence of an Event of Default, which is continuingBorrower, perform any covenant capable of being performed by it and, if the covenant requires the payment or expenditure of money, it may make an Advance to fund that requirement, which Advance shall be repaid by applicable the Borrower on demand. That Advance shall bear interest at a rate calculated and paid in accordance with Section 3.