Common use of Bank May Perform Clause in Contracts

Bank May Perform. If Borrower fails to perform any agreement contained herein, then Bank may itself perform, or cause performance of, such agreement, and the expenses of Bank incurred in connection therewith shall be payable by Borrower; provided, that to the extent practicable and permitted by law, Bank shall give Borrower prior notice of its intention to perform for Borrower.

Appears in 2 contracts

Samples: Aircraft Loan Agreement (Hawaiian Airlines Inc/Hi), Aircraft Loan Agreement (Hawaiian Airlines Inc/Hi)

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Bank May Perform. If the Borrower fails to perform any agreement contained herein, then the Bank may itself perform, or cause performance of, such agreement, and the expenses of the Bank incurred in connection therewith shall be payable by Borrower; provided, that to the extent practicable and permitted by law, Bank shall give Borrower prior notice of its intention to perform for Borrowerunder Section 6.02.

Appears in 1 contract

Samples: Credit Agreement (Nymagic Inc)

Bank May Perform. If Borrower fails to perform any agreement contained herein, then Bank may itself perform, or cause performance of, such agreement, and the reasonable expenses of Bank incurred in connection therewith shall be payable by Borrower; provided, that to the extent practicable and permitted by law, Bank shall give Borrower prior notice of its intention to perform for Borrowerunder Section 19.

Appears in 1 contract

Samples: Credit Agreement (Superconductor Technologies Inc)

Bank May Perform. If the Borrower fails to perform any ---------------- agreement contained herein, then the Bank may itself perform, or cause performance of, such agreement, and the expenses of the Bank incurred in connection therewith shall be payable by Borrower; provided, that to the extent practicable and permitted by law, Bank shall give Borrower prior notice of its intention to perform for Borrowerunder Section 13.

Appears in 1 contract

Samples: Pledge Agreement (Wyly Samuel Evans)

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Bank May Perform. If the Borrower fails to perform any agreement contained herein, then the Bank may itself perform, or cause performance of, such agreement, and the expenses of the Bank incurred in connection therewith shall be payable by Borrower; provided, that to the extent practicable and permitted by law, Bank shall give Borrower prior notice of its intention to perform for Borrowerunder Subsection 16.2.

Appears in 1 contract

Samples: Credit Agreement (Jore Corp)

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