Lender’s Right to Cure. In the event Borrower fails to perform any of its Obligations, then Lender may perform the same but shall not be obligated to do so. All sums so expended by Lender shall be added to the Obligations, shall be secured by the Collateral, and shall be payable on demand with interest at the Default Rate from the respective dates such sums are expended.
Appears in 5 contracts
Samples: Loan and Security Agreement (Judge Group Inc), Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Usa Detergents Inc)
Lender’s Right to Cure. In the event Borrower fails to Lender may perform any of its Obligations, then Lender may perform Borrower's obligations under the same Loan Documents but shall not be obligated to do so. All sums so expended by Lender shall be added to the ObligationsLoan, shall be secured by the Collateral, and shall be payable on demand with interest at the Default Rate from the respective dates such sums are expended.
Appears in 1 contract
Samples: Credit and Security Agreement (Money Centers of America, Inc.)
Lender’s Right to Cure. In the event Borrower fails to perform any of its Obligations, then Lender may perform the same but shall not be obligated to do so. All sums so expended by Lender under this Subsection 10.1(c) shall be added to the constitute Obligations, shall be secured by the Collateral, and shall be payable on demand with interest at the Default Rate from the respective dates such sums are expended.
Appears in 1 contract
Lender’s Right to Cure. In the event Borrower fails to perform any of its Obligationsduties or obligations hereunder, then Lender may perform the same but shall not be obligated to do so. All sums so expended by Lender shall be added to the Obligations, shall be secured by the Collateral, and shall be payable on demand with interest at the Default Rate from the respective dates such sums are expended.
Appears in 1 contract
Lender’s Right to Cure. In the event Borrower fails to perform any of its Obligations, then Lender may may, with written notice thereof to Borrower, perform the same but shall not be obligated to do so. All sums so expended by Lender shall be added to the Obligations, shall be secured by the Collateral, and shall be payable on demand with interest at the Default Rate from the respective dates such sums are expended.
Appears in 1 contract
Samples: Loan and Security Agreement (Community Distributors Inc)
