Common use of Bank May Perform Clause in Contracts

Bank May Perform. If Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) perform, or cause performance of, such agreement. Pledgor shall reimburse the Bank on demand for any amounts paid or any expenses incurred by the Bank in connection therewith.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Nde Environmental Corp), Pledge and Security Agreement (Nde Environmental Corp), Pledge and Security Agreement (Nde Environmental Corp)

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Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under Section 14.

Appears in 3 contracts

Samples: Pledge Agreement (Pacific Drilling S.A.), Pledge Agreement (Pacific Drilling S.A.), Pledge Agreement (M I Homes Inc)

Bank May Perform. If Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the expenses of the Bank on demand for any amounts paid or any expenses incurred by the Bank in connection therewiththerewith shall be payable by Pledgor under Section 6.2.

Appears in 2 contracts

Samples: Pledge Agreement (Adept Technology Inc), Pledge Agreement (Adept Technology Inc)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under Section 11.

Appears in 2 contracts

Samples: Pledge Agreement (Standard Management Corp), Pledge Agreement (Standard Management Corp)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank Bank, upon notice to the Pledgor, may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under Section 15.

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under Section 12 of this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (First Chesapeake Financial Corp)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank Bank, upon notice to Pledgor, may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor pursuant to Section 14 hereof.

Appears in 1 contract

Samples: Pledge Agreement (Blue Rhino Corp)

Bank May Perform. If the Pledgor fails to perform any agreement contained hereinherein after receipt of a written request to do so from the Bank, the Bank may (but shall not be obligated to) itself perform, or cause performance of, of such agreement. Pledgor , and the reasonable expenses of the Bank, including the reasonable fees and expenses of its counsel, incurred in connection therewith shall reimburse the Bank on demand for any amounts paid or any expenses incurred be payable by the Bank in connection therewithPledgor under Section 13 hereof.

Appears in 1 contract

Samples: Pledge Agreement (Unidigital Inc)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such the agreement. Pledgor shall reimburse , and the expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith will be payable by the Bank in connection therewithPledgor under Section 12 of this Agreement.

Appears in 1 contract

Samples: Pledge of Stock Agreement (Peoples Educational Holdings)

Bank May Perform. If the Pledgor fails to perform any agreement contained hereinherein and the applicable grace period, if any, expires, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under ss.15 hereof.

Appears in 1 contract

Samples: Stock Pledge and Security Agreement (Terremark Fortune House 2 LTD)

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Bank May Perform. If either Pledgor fails to perform any agreement contained herein, after receipt of notice of such nonperformance and a reasonable time to cure, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgors under Section 13.

Appears in 1 contract

Samples: Pledge Agreement (Gami Merger Co)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under Section 14 hereof.

Appears in 1 contract

Samples: Pledge Agreement (Gami Merger Co)

Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of the Bank on demand for any amounts paid or any expenses incurred in connection therewith shall be payable by the Bank in connection therewithPledgor under Section 14.

Appears in 1 contract

Samples: Pledge Agreement (Winmark Corp)

Bank May Perform. If Pledgor fails to perform any agreement ---------------- contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor shall reimburse , and the reasonable expenses of Bank on demand for any amounts paid or any expenses incurred by the Bank in connection therewiththerewith shall be payable by Pledgor under Paragraph 14 below.

Appears in 1 contract

Samples: Pledge Agreement (Price David G)

Bank May Perform. If Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) itself perform, or cause performance of, such agreement. Pledgor , and the reasonable expenses of Bank incurred in connection therewith shall reimburse the Bank on demand for any amounts paid or any expenses incurred be payable by the Bank in connection therewithPledgor under Section 13(b) hereof.

Appears in 1 contract

Samples: Stock Pledge Agreement (Chrysalis International Corp)

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