Lender May Perform. If Grantor fails to perform any agreement contained herein, the Lender may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Lender incurred in connection therewith shall be payable by Grantor.
Appears in 3 contracts
Samples: Security Agreement (Verity Corp.), Verity Corp. Security Agreement Verity Farms (Verity Corp.), Security Agreement (Verity Corp.)
Lender May Perform. If Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable payable, by Grantor.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Adcare Health Systems, Inc), Pledge and Security Agreement (Adcare Health Systems, Inc), Pledge and Security Agreement (Adcare Health Systems, Inc)
Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by Grantorthe Grantor pursuant to Section 6.2.
Appears in 2 contracts
Samples: Security Agreement (Trace International Holdings Inc), Security Agreement (Trace International Holdings Inc)
Lender May Perform. If any Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by such Grantor.
Appears in 2 contracts
Samples: Security Agreement (Adcare Health Systems, Inc), Security Agreement (Adcare Health Systems, Inc)
Lender May Perform. If any Grantor fails to perform any agreement contained herein, the Lender may, but without any obligation to do so and without noticeshall not be obligated to, itself perform, or cause performance of, such agreementagreement after reasonable prior notice to the Grantors, and the reasonable expenses of the Lender incurred in connection therewith shall be payable payable, jointly and severally, by GrantorGrantors.
Appears in 1 contract
Samples: Patent Security Agreement (Platinum Energy Solutions, Inc.)
Lender May Perform. If any Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith (as to which invoices have been furnished) shall be payable by Grantorthe Grantors under Section 16(b).
Appears in 1 contract
Lender May Perform. If the Grantor fails to perform any agreement obligation contained hereinin this Agreement, the Lender may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreementobligation, and the expenses of the Lender incurred in connection therewith shall be payable by the Grantor; provided that the Lender shall not be required to perform or discharge any obligation of the Grantor.
Appears in 1 contract
Lender May Perform. If the Grantor fails to perform any agreement ------------------ contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by Grantor.the Grantor and shall constitute Obligations secured by this Agreement
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Paradigm Genetics Inc)
Lender May Perform. If any Grantor fails to perform any agreement contained herein, the Lender may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Lender incurred in connection therewith shall be payable by such Grantor.
Appears in 1 contract
Lender May Perform. If the Grantor fails to perform any ------------------ agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by Grantorthe Grantor and shall constitute Obligations secured by this Agreement.
Appears in 1 contract
Samples: Intellectual Property Security Agreement (Cardima Inc)
Lender May Perform. If the Grantor fails to perform any agreement obligation contained hereinin this Agreement, the Lender may, but without any obligation to do so and without notice, may itself perform, or cause performance of, such agreementobligation, and the reasonable expenses of the Lender incurred in connection therewith shall be payable by the Grantor; provided that the Lender shall not be required to perform or discharge any obligation of the Grantor.
Appears in 1 contract
Samples: Security Agreement (Point.360)
Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by Grantorthe Grantor and shall constitute Obligations secured by this Agreement.
Appears in 1 contract
Samples: Master Loan and Security Agreement (Abovenet Communications Inc)
Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Lender incurred in connection therewith shall be payable by Grantorthe Grantor under Section 13; provided that the Lender shall notify the Grantor of any such action taken by the Lender within a reasonable period of time following such action.
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Lender May Perform. If any Grantor fails to perform any agreement contained herein, upon notice to such Grantor, the Lender 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 Lender incurred in connection therewith (as to which invoices have been furnished) shall be payable by Grantorthe Grantors under Section 16(b).
Appears in 1 contract
Samples: Agreement and Plan of Merger (Icg Communications Inc /De/)
Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by Grantorthe Grantor under Section 11.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Revett Mining Company, Inc.)
Lender May Perform. If any Grantor fails to perform any agreement contained herein, the Lender 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 Lender incurred in connection therewith shall be payable by Grantorthe Grantor pursuant to Section 6.3.
Appears in 1 contract
