Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 23.
Appears in 3 contracts
Samples: Collateral Agency Agreement (Puget Sound Energy Inc), Credit Agreement (Puget Energy Inc /Wa), Collateral Agency Agreement (Puget Energy Inc /Wa)
Collateral Agent May Perform. If the Borrower Debtor fails to perform any agreement obligation contained hereinin this Agreement, the Collateral Agent may, but without any obligation to do so and without notice, itself may himself perform, or cause performance of, such agreementobligation, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 23Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the Debtor.
Appears in 3 contracts
Samples: Security Agreement (Quest Solution, Inc.), Security Agreement (Quest Solution, Inc.), Security Agreement (Quest Solution, Inc.)
Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, if an Event of Default then exists; and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under pursuant to Section 237.10.
Appears in 2 contracts
Samples: Facility and Security Agreement (Dynegy Inc.), Facility and Security Agreement (Dynegy Holdings Inc)
Collateral Agent May Perform. If the either Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without noticeso, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the such Borrower under Article XI or Section 2311.04.
Appears in 2 contracts
Samples: Credit and Security Agreement (Grupo Imsa Sa De Cv), Consent and Agreement (Grupo Imsa Sa De Cv)
Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 2317(b).
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Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 2316(b).
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/)
Collateral Agent May Perform. If the Borrower any Debtor fails to perform any agreement contained herein, the Collateral Agent mayAgent, but without any obligation to do so and without noticefor the benefit of the Holders, itself may perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 23Debtor.
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Collateral Agent May Perform. If the Borrower Debtor fails to perform any agreement agreement, covenant, or obligation contained herein, the Collateral Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, of such agreement, covenant or obligation and the expenses and costs of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 23Debtor.
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Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 2318.
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Collateral Agent May Perform. If the Borrower fails Borrowers fail to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower Borrowers under Section 2317(b).
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Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation promptly after receipt of a request to do so and without notice, from Collateral Agent Collateral Agent may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 2321.
Appears in 1 contract
Samples: Credit Agreement (Blue Bird Corp)
Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 23. Section 21.
Appears in 1 contract
Samples: Collateral Agency Agreement (Puget Sound Energy Inc)
Collateral Agent May Perform. If the Borrower fails to perform any agreement contained herein, the Collateral Agent may, may (but without any obligation to do so and without notice, is not obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Borrower under Section 23Borrower. SECTION 9.
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