Common use of GRANTORS Clause in Contracts

GRANTORS. jointly and severally, shall, in accordance with the terms of the Credit Agreement, pay to Agent (or Agent may charge to the Loan Account) all the Lender Group Expenses which Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or operation of, or, upon an Event of Default, the sale of, collection from, or other realization upon, any of the Collateral in accordance with this Agreement and the other Loan Documents, (iii) the exercise or enforcement of any of the rights of Agent hereunder or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security and Pledge Agreement (Horizon Lines, Inc.)

AutoNDA by SimpleDocs

GRANTORS. jointly and severally, shall, in accordance with the terms of the Credit Agreementupon demand, pay to Agent (or Agent Agent, may charge to the Loan Account) all the Lender Group Expenses which that Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or operation of, or, upon an Event of Default, the sale of, collection from, or other realization upon, any of the Collateral in accordance with this Agreement and the other Loan Documents, (iii) the exercise or enforcement of any of the rights of Agent hereunder or (iv) the failure by any Grantor of Grantors to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Orion Healthcorp Inc)

GRANTORS. jointly and severally, shall, in accordance with the terms of the Credit Agreementupon demand, pay to Agent (or Agent Agent, may charge to the Loan Account) all the Lender Group Expenses which Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or operation of, or, upon an Event of Default, the sale of, collection from, or other realization upon, any of the Collateral in accordance with this Agreement and the other Loan Documents, (iii) the exercise or enforcement of any of the rights of Agent hereunder or (iv) the failure by any Grantor of Grantors to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Security Agreement (Perkins & Marie Callender's Inc)

AutoNDA by SimpleDocs

GRANTORS. jointly and severally, shall, in accordance with the terms of the Credit Agreementupon demand, pay to Agent (or Agent Agent, may charge to the Loan Account) all the Lender Group Expenses which Agent may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or operation of, or, upon an Event of Default, the sale of, collection from, or other realization upon, any of the Collateral in accordance with this Agreement and the other Loan Documents, (iii) the exercise or enforcement of any of the rights of Agent hereunder or (iv) the failure by any Grantor to perform or observe any of the provisions hereof.

Appears in 1 contract

Samples: Subordination Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!