Collateral Trustee May Perform. If any Grantor fails to perform any agreement contained herein, the Collateral Trustee, after such notice to such Grantor, may itself perform, or cause performance of, such agreement, and the expenses of the Collateral Trustee incurred in connection therewith shall be payable by such Grantor pursuant to Section 12.3 of the Credit Agreement.
Collateral Trustee May Perform. If any Pledgor fails to perform any agreement contained herein, the Collateral Trustee 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 Trustee incurred in connection therewith shall be payable by such Pledgor under Section 15.
Collateral Trustee May Perform. If the Company fails to perform any agreement contained herein, the Collateral Trustee may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Collateral Trustee incurred in connection therewith shall be payable by the Company pursuant to Section 6.4.
Collateral Trustee May Perform. The Collateral Trustee may from time-to-time, at its option but at the Pledgors’ expense, perform any act which any Pledgor agrees hereunder to perform and which such Pledgor shall fail to perform 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 any Event of Default and after notice thereof by the Collateral Trustee to the affected Pledgor) and the Collateral Trustee may from time-to-time take any other action which the Collateral Trustee reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its security interest therein. The Collateral Trustee shall provide notice to the affected Pledgor of any action taken hereunder; provided however, the failure to provide such notice shall not be construed as a waiver of any rights of the Collateral Trustee provided under this Pledge Agreement or under applicable law.
Collateral Trustee May Perform. The Collateral Trustee may from time-to-time perform any act which any Grantor has agreed hereunder to perform and which such Grantor shall fail to perform 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 any Event of Default and after notice thereof by the Collateral Trustee to any Grantor) and the Collateral Trustee may from time-to-time take any other action which the Collateral Trustee deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein, and the reasonable expenses of the Collateral Trustee incurred in connection therewith shall be part of the Secured Obligations and shall be secured hereby.
Collateral Trustee May Perform. If the Grantor fails to perform any agreement contained herein, the Collateral Trustee may, as the Collateral Trustee deem 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, themselves perform, or cause performance of, such agreement, and the expenses of the Collateral Trustee incurred in connection therewith shall be payable by the Grantor under Section 13.
Collateral Trustee May Perform. If the Company shall fail to observe or perform any of the terms, conditions, covenants and agreements to be observed or performed by it under this Agreement, the Collateral Trustee may (but shall not be obligated to), to the extent legally practicable (and so long as the rights of the Collateral Trustee shall not be adversely affected thereby (as determined by the Collateral Trustee)), upon reasonable notice to the Company, do the same or cause it to be done or performed or observed at the expense of the Company, in its name, and the Company hereby authorizes the Collateral Trustee to do.
Collateral Trustee May Perform. Subject to the Intercreditor Agreement, if any Grantor fails to perform any agreement contained herein, the Collateral Trustee may, but without any obligation to do so and without notice, themselves perform, or cause performance of, such agreement, and the expenses of the Collateral Trustee incurred in connection therewith shall be payable by such Grantor under Section 19.
Collateral Trustee May Perform. If the Pledgor fails to perform any agreement contained herein within a reasonable time after receipt of a written request to do so from the Collateral Trustee, upon 2 Business Days prior written notice the Collateral Trustee may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Collateral Trustee, including, without limitation, the reasonable fees and out-of-pocket expenses of its counsel, incurred in connection therewith, shall be payable by the Pledgor in accordance with Section 7.10 of the Collateral Trust Agreement and shall be considered Obligations.
Collateral Trustee May Perform. The Collateral Trustee is authorized to perform, or cause performance of, any agreement contained herein in the event that a Pledgor fails to timely perform the same, and the reasonable expenses of the Collateral Trustee incurred in connection therewith shall be payable by such Pledgor or by the Company. The Collateral Trustee is further authorized in its discretion to take any other action, either on its own behalf or on behalf of a Pledgor (and as regards actions taken on behalf of a Pledgor, this authorization is irrevocable and is an agency coupled with an interest), as the Collateral Trustee may elect, which the Collateral Trustee may deem necessary or appropriate to protect and preserve the rights, titles and interests of the Collateral Trustee hereunder. The powers conferred on the Collateral Trustee pursuant to this Agreement are conferred solely to protect the Collateral Trustee and Financial Institutions' interest in the Pledged Collateral and shall not impose any duty or obligation on the Collateral Trustee or any Financial Institution to perform any of the powers herein conferred. No exercise of any of the rights provided for in this Agreement constitutes a retention of collateral in satisfaction of indebtedness.
