Noteholder Collateral Agent May Perform Sample Clauses
Noteholder Collateral Agent May Perform. If any Grantor fails to perform any agreement contained herein, the Noteholder Collateral Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Noteholder Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 17.
Noteholder Collateral Agent May Perform. Noteholder Collateral Agent may, in its discretion at any time and from time to time after giving notice to the Grantors, at Grantors’ expense, do any act required of a Grantor hereunder or otherwise lawfully requested by Noteholder Collateral Agent (and not performed by a Grantor) to (a) enforce this Agreement; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Noteholder Collateral Agent’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien; provided, however, that the Noteholder Collateral Agent’s failure to provide any such notice shall not be deemed to be a breach of Noteholder Collateral Agent’s obligations under this Agreement. All payments, costs and expenses of Noteholder Collateral Agent under this Section shall be reimbursed to Noteholder Collateral Agent by Grantors, on demand, with interest from the date incurred to the date of payment thereof at the Default Rate. Any payment made or action taken by Noteholder Collateral Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Noteholder Documents.