Common use of Advances by Lenders Clause in Contracts

Advances by Lenders. On failure of any Pledgor to perform any of the covenants and agreements contained herein, the Agent may, at its sole option and in its sole discretion, perform the same and in so doing may expend such sums as the Agent may reasonably deem advisable in the performance thereof, including, without limitation, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse claim and all other expenditures which the Agent may make for the protection of the security hereof or which may be compelled to make by operation of law. All such sums and amounts so expended shall be repayable by the Pledgors on a joint and several basis promptly upon notice thereof and demand therefor, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are expended at the default rate provided in Section 3.1 of the Credit Agreement. No such performance of any covenant or agreement by the Agent on behalf of any Pledgor, and no such advance or expenditure therefor, shall relieve the Pledgors of any default under the terms of this Pledge Agreement or the other Credit Documents. The Agent may make any payment hereby authorized in accordance with any bill, xxatement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such bill, xxatement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is being contested in good faith by a 193 Pledgor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP.

Advances by Lenders. On failure of any Pledgor Obligor to perform any of the covenants and agreements contained herein, the Agent may, at its sole option and in its sole discretion, perform the same and in so doing may expend such sums as the Agent may reasonably deem advisable in the performance thereof, including, without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse claim and all other expenditures which the Agent or the Lenders may make for the protection of the security hereof or which may be compelled to make by operation of law. All such sums and amounts so expended shall be repayable by the Pledgors on a joint and several basis promptly upon Obligors immediately without notice thereof and demand thereforor demand, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are expended at the default rate provided in Section 3.1 of the Credit Agreement. No such performance of any covenant or agreement by the Agent or the Lenders on behalf of any PledgorObligor, and no such advance or expenditure therefor, shall relieve the Pledgors Obligors of any default under the terms of this Pledge Security Agreement or the other Credit Documents. The Agent Lenders may make any payment hereby authorized in accordance with any bill, xxatement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such bill, xxatement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is being contested in good faith by a 193 Pledgor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAPclaim.

Advances by Lenders. On failure of any Pledgor Obligor to perform any of the covenants and agreements contained herein, the Agent may, at its sole option and in its sole discretion, perform the same and in so doing may expend such sums as the Agent may reasonably deem advisable in the performance thereof, including, without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse claim and all other expenditures which the Agent or the Lenders may make for the protection of the security hereof or which may be compelled to make by operation of law. All such sums and amounts so expended shall be repayable by the Pledgors Obligors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are expended at the default rate provided specified in Section 3.1 of the Credit AgreementAgreement for Base Rate Loans. No such performance of any covenant or agreement by the Agent or the Lenders on behalf of any PledgorObligor, and no such advance or expenditure therefor, shall relieve the Pledgors Obligors of any default under the terms of this Pledge Agreement or Security Agreement, the other Credit DocumentsDocuments or any Hedging Agreement. The Agent Lenders may make any payment hereby authorized in accordance with any billxxxx, xxatement statement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such billxxxx, xxatement statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is being contested in good faith by a 193 Pledgor an Obligor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP.

Advances by Lenders. On failure of any Pledgor Grantor to perform any of the covenants and agreements contained herein, the Collateral Agent may, at its sole option and in its sole discretion, perform the same and in so doing may expend such sums as the Collateral Agent may reasonably deem advisable in the performance thereof, including, without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse claim and all other reasonable expenditures which the Collateral Agent or the Lenders may make for the protection of the security hereof or which may be compelled to make by operation of law. All such sums and amounts so expended shall be repayable by the Pledgors Grantors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are expended at the default rate provided specified in Section 3.1 Sections 4.1 and 4.2 of the Credit Agreement. No such performance of any covenant or agreement by the Agent Agents or the Lenders on behalf of any PledgorGrantor, and no such advance or expenditure therefor, shall relieve the Pledgors Grantors of any default under the terms of this Pledge Security Agreement or any of the other Credit Documents. The Agent Lenders may make any payment hereby authorized in accordance with any billxxxx, xxatement statement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such billxxxx, xxatement statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is being contested in good faith by a 193 Pledgor Grantor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP.