IBM Credit. without waiving or releasing any Obligation or Default of the Customer, may perform any Obligations of the Customer that the Customer shall fail or refuse to perform and IBM Credit may, at any time or times hereafter, but shall be under no obligation so to do, pay, acquire or accept any assignment of any security interest, lien, encumbrance or claim against the Collateral asserted by any person. All sums paid by IBM Credit in performing in satisfaction or on account of the foregoing and any expenses, including reasonable attorney's fees, court costs, and other charges relating thereto, shall be a part of the Obligations, payable on demand and secured by the Collateral.
Appears in 10 contracts
Samples: Inventory and Working Capital Financing Agreement (Litronic Inc), Inventory Financing Agreement (Compucom Systems Inc), Financing Agreement (Syscomm International Corp)
IBM Credit. without waiving or releasing any Obligation or Default of the Customer, may perform any Obligations of the Customer that the Customer shall fail or refuse to perform and IBM Credit may, at any time or times hereafter, but shall be under no obligation so to dodo so, pay, acquire or accept any assignment of any security interest, lien, encumbrance or claim against the Collateral asserted by any person. All sums paid by IBM Credit in performing in satisfaction or on account of the foregoing and any expenses, including reasonable attorney's fees, court costs, and other charges relating thereto, shall be a part of the Obligations, payable on demand and secured by the Collateral.
Appears in 5 contracts
Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Safeguard Scientifics Inc Et Al), Revolving Credit Agreement (Pemstar Inc)
IBM Credit. without waiving or releasing any Obligation or Default of the Customer, may perform any Obligations of the Customer that the Customer shall fail or refuse to perform and IBM Credit may, at any time or times hereafter, but shall be under no obligation so to dodo so, pay, acquire or accept any assignment of any security interest, lien, encumbrance or claim against the Collateral asserted by any person. All sums paid by IBM Credit in performing in satisfaction or --r on account of the foregoing and any expenses, including reasonable attorney's fees, court costs, and other charges relating thereto, shall be a part of the Obligations, payable on demand and secured by the Collateral.
Appears in 1 contract
Samples: Financing Agreement (Emtec Inc/Nj)
IBM Credit. without waiving or releasing any Obligation or Default of the CustomerCustomers, may perform any Obligations of the any Customer that the such Customer shall fail or refuse to perform and IBM Credit may, at any time or times hereafter, but shall be under no obligation so to dodo so, pay, acquire or accept any assignment of any security interest, lien, encumbrance or claim against the Collateral asserted by any person. All sums paid by IBM Credit in performing in satisfaction or on account of the foregoing and any expenses, including reasonable attorney's fees, court costs, and other charges relating thereto, shall be a part of the Obligations, payable on demand and secured by the Collateral.
Appears in 1 contract
Samples: Inventory and Working Capital Financing Agreement (Savoir Technology Group Inc/De)
