Agent May Perform. If any Pledgor fails to perform any agreement contained herein, the Agent may, but without any obligation to do so and without further notice, itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by such Pledgor under Section 19(b). The Agent agrees to notify the Uniroyal Borrower of any such performance; provided, however, that the failure to give such notice shall not affect the Agent's right to perform or the validity of such performance.
Appears in 3 contracts
Samples: Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Uniroyal Chemical Co Inc), Uniroyal Security Agreement (Uniroyal Chemical Co Inc)
Agent May Perform. If any Pledgor fails to perform any agreement contained herein, the Agent may, as the Agent deems necessary to protect the security interest granted hereunder in the Collateral or to protect the value thereof, but without any obligation to do so and without further notice, itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by such Pledgor under Section 19(b). The Agent agrees to notify the Uniroyal Borrower of any such performance; provided, however, that the failure to give such notice shall not affect the Agent's right to perform or the validity of such performance14.
Appears in 2 contracts
Samples: Pledge Agreement (Chemtura CORP), Pledge Agreement (Chemtura CORP)
Agent May Perform. If any Pledgor fails to perform any agreement contained herein, the Agent may, but without any obligation to do so and without further notice, itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by such Pledgor under Section 19(b)17. The Agent agrees to notify the Uniroyal Borrower Crompton Borrowers of any such performance; provided, however, that the failure to give such notice shall not affect the Agent's right to perform or the validity of such performance.
Appears in 2 contracts
Samples: Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Uniroyal Chemical Co Inc)
Agent May Perform. If any Pledgor fails to perform any agreement contained herein, upon prior notice to the relevant Pledgor, the Agent may, but without any obligation to do so and without further notice, may itself perform, or cause performance of, such agreement, agreement and the reasonable expenses of the Agent incurred in connection therewith shall be payable by such Pledgor under pursuant to Section 19(b). The Agent agrees to notify the Uniroyal Borrower of any such performance6.4; provided, however, that if any Default of the failure nature referred to give in Section 8.1.9 of the Credit Agreement or Event of Default has occurred and is continuing, no such notice shall not affect the Agent's right to perform or the validity of such performancebe required.
Appears in 1 contract
Samples: Security Agreement (Us Automotive Manufacturing Inc)
Agent May Perform. If any Pledgor fails to perform any agreement contained herein, the Agent may, but without any obligation to do so and without further notice, may itself perform, perform or cause performance of, of such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by such Pledgor under treated as provided in Section 19(b)7 hereof. The Agent agrees shall use reasonable efforts to notify the Uniroyal Borrower Pledgor of any such performance; providedperformance by Agent, however, provided that the failure to give such notice do so shall not affect the Agent's right ’s rights hereunder, including rights of reimbursement relating to perform or the validity of such performance.
Appears in 1 contract
Samples: Pledge Agreement (Southern Construction Products Inc)
Agent May Perform. If any Pledgor fails to perform any agreement contained herein, the Agent may, but without any obligation to do so and without further notice, may itself perform, perform or cause performance of, of such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by such Pledgor under treated as provided in Section 19(b)7 hereof. The Agent agrees shall use reasonable efforts to notify the Uniroyal Borrower Pledgor of any such performance; providedperformance by Agent, however, provided that the failure to give such notice do so shall not affect the Agent's right rights hereunder, including rights of reimbursement relating to perform or the validity of such performance.
Appears in 1 contract
Samples: Pledge Agreement (Telex Communications International LTD)
Agent May Perform. If any the Pledgor fails to perform any agreement contained hereinherein after being requested in writing so to perform (it being understood that no such request need be given after the occurrence and during the continuance of an Event of Default), the Agent may, but without any obligation to do so and without further notice, may itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by such the Pledgor under pursuant to Section 19(b). The Agent agrees to notify the Uniroyal Borrower of any such performance; provided, however, that the failure to give such notice shall not affect the Agent's right to perform or the validity of such performance6.4.
Appears in 1 contract
Samples: Pledge Agreement