Administrator May Perform Sample Clauses

Administrator May Perform. If Borrower fails to perform any agreement contained herein, Administrator (for the benefit of the Secured Parties) may itself perform, or cause performance of such agreement, and the expenses of Administrator incurred in connection therewith shall be payable by Borrower.
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Administrator May Perform. (a) If the Pledgor fails to perform any agreement contained herein to be performed by it, the Administrator may, upon the written instructions of the Required Lenders, itself file, record, make, execute and deliver all such notices, instruments, statements and other documents, and take such acts, as the Required Lenders may determine to be necessary or desirable from time to time to perfect, preserve or otherwise protect the security interest of the Administrator, for the benefit of itself and the Lenders and otherwise perform, or cause performance of, any other such actions as the Required Lenders shall determine are necessary or desirable, and the reasonable expenses of the Administrator incurred in connection therewith shall be payable by the Pledgor and shall be part of the Secured Obligations. (b) The Pledgor hereby irrevocably appoints the Administrator the Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, with full power of substitution, at any time when any Event of Default shall have occurred and be continuing, to take any action and to execute any instrument from time to time in accordance with the written instructions of the Required Lenders which the Required Lenders may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: (i) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and xxceipts for moneys due and to become due under or in respect of any of the Collateral; (ii) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, if any, in connection with clause (i) above; and (iii) to file any claims or take any action or institute any proceedings which the Required Lenders may deem necessary for the collection of any of the Collateral or otherwise to enforce the rights of the Administrator with respect to any of the Collateral. 7.7 Form U-1. The Pledgor covenants to execute and deliver a Form U-1 to any Lender requesting the delivery thereof, together with any updates thereof reasonably requested by such Lender.
Administrator May Perform. If Borrower fails to perform any agreement contained herein, Administrator (for the benefit of the Secured Parties) may itself perform, or cause performance of such agreement, and the expenses of Administrator incurred in connection therewith shall be payable by Borrower. Release of Collateral . Administrator's (for the benefit of the Secured Parties) right, title and interest in the Collateral shall be released effective on the date occurring after the Commitment Termination Date on which all Secured Obligations shall have been finally and fully paid and performed. INCREASED COSTS, ETC.
Administrator May Perform. 25 SECTION 5.4 RELEASE OF COLLATERAL....................................................................... 25 ARTICLE VI INCREASED COSTS, ETC. ....................................................................... 26

Related to Administrator May Perform

  • Secured Party May Perform If the Company fails to perform any agreement contained herein, the Secured Party, at its option, may itself perform, or cause performance of, such agreement, and the expenses of the Secured Party incurred in connection therewith shall be included in the Obligations secured hereby and payable by the Company under Section 8.3.

  • Administrator Duties The Administrator shall be responsible for the management, operation, and administration of the Agreement. When making a determination or calculation, the Administrator shall be entitled to rely on information furnished by the Employer, Executive or Beneficiary. No provision of this Agreement shall be construed as imposing on the Administrator any fiduciary duty under ERISA or other law, or any duty similar to any fiduciary duty under ERISA or other law.

  • Pledgee May Perform If Pledgor fails to perform any obligation contained in this Agreement, Pledgee may itself perform, or cause performance of, such obligation, and the expenses of Pledgee incurred in connection therewith shall be payable by Pledgor; provided that Pledgee shall not be required to perform or discharge any obligation of Pledgor.

  • Trustee May Perform If Company fails to perform any agreement contained herein, Trustee may itself perform, or cause performance of, such agreement, and the expenses of Trustee incurred in connection therewith shall be payable by Company under Section 15 hereof, and be a part of the Secured Obligations.

  • Administrator Discretion The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Option at any time, subject to the terms of the Plan. If so accelerated, such Option will be considered as having vested as of the date specified by the Administrator.

  • Lender May Perform If the Pledgor fails to perform any agreement contained herein after being requested in writing to so perform, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable by the Pledgor pursuant to Section 6.5.

  • Administrator Replacement Events; Termination of the Administrator (a) Subject to clauses (d) and (e) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.

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

  • Engagement of Administrator The Issuer and the Owner Trustee engage the Administrator to perform the obligations of the Issuer and the Owner Trustee under the Transaction Documents as described in this Agreement, and the Administrator accepts the engagement.

  • Administrator Termination Events; Termination of the Administrator (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.

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