Common use of Collateral Agent May Perform Clause in Contracts

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 such Grantor under Section 20.

Appears in 1 contract

Samples: Security Agreement (Building Materials Manufacturing Corp)

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Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 such Grantor under Section 2017 of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Nortek Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 <PAGE> 22 Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2021.

Appears in 1 contract

Samples: Credit Agreement (Esterline Technologies Corp)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to ---------------------------- perform any agreement contained herein, the Collateral Agent may, as the Collateral 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 notice, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2023(b).

Appears in 1 contract

Samples: Security Agreement (Davel Communications Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to perform any agreement contained herein, the Collateral 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 Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2022.

Appears in 1 contract

Samples: Security Agreement (Afa Products Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to ----------------------------- perform any agreement contained herein, within the time provided or allowed, 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 expense of the Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2021(b).

Appears in 1 contract

Samples: Security Agreement (Tri City Dialysis Center Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by such Grantor Grantors under Section 2019.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Dominos Pizza Government Services Division Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default ---------------------------- 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 such Grantor under Section 2022(b).

Appears in 1 contract

Samples: Security Agreement (Amf Bowling Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to ---------------------------- perform any agreement contained herein, the Collateral 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 Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2023(b).

Appears in 1 contract

Samples: Credit Agreement (Modus Media International Holdings Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 reasonable out-of-pocket expenses of the Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2016.

Appears in 1 contract

Samples: Credit Agreement (Lender Processing Services, Inc.)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 such Grantor under Section 2026.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Applied Dna Sciences Inc)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to perform any agreement contained herein, the Collateral Agent may, but without any obligation subject to do so and without noticeSection 30 hereof, itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2022(b).

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Icg Communications Inc /De/)

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Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 such Grantor under Section 2024.

Appears in 1 contract

Samples: Security Agreement (Madison River Capital LLC)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to perform any agreement contained hereinherein on or after the date required for performance thereof, 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 such Grantor under under, and to the extent provided in, Section 20.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (TLC Vision Corp)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 reasonable out-of-pocket expenses of the Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2013.

Appears in 1 contract

Samples: Credit Agreement (Fidelity National Information Services, Inc.)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 2018.

Appears in 1 contract

Samples: Security Agreement (Capmark Financial Group Inc.)

Collateral Agent May Perform. If any the Grantor fails during the continuance of an Event of Default 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 reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by such the Grantor under Section 2013.

Appears in 1 contract

Samples: Credit Agreement (Centerpoint Energy Resources Corp)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default to perform any agreement contained hereinherein on or after the date required for performance thereof, 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 such Grantor under under, and to the extent provided in Section 2019.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (TLC Vision Corp)

Collateral Agent May Perform. If any Grantor fails during the continuance of an Event of Default 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 such Grantor under Section 2022(b).

Appears in 1 contract

Samples: Security Agreement (Servico Market Center Inc)

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