Payments by Lender. If Borrower shall fail to make any payment or perform any act required hereunder (including, but not limited to, maintenance of any insurance required by Section 10), then Lender may, but shall not be required to, after such notice to Borrower as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender for all sums paid and all reasonable costs and expenses incurred in connection with the performance of any such act.
Appears in 15 contracts
Samples: Senior Loan and Security Agreement (Xcyte Therapies Inc), Senior Loan and Security Agreement (Iown Holdings Inc), Senior Loan and Security Agreement (Cybergold Inc)
Payments by Lender. If Borrower shall fail to make any payment or perform any material act required hereunder (including, but not limited to, maintenance of any insurance required by Section 10), then Lender may, but shall not be required to, after such notice to Borrower as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender for all sums paid and all reasonable costs and expenses incurred in connection with the performance of any such act.
Appears in 2 contracts
Samples: Senior Loan and Security Agreement (Allaire Corp), Senior Loan and Security Agreement (Allaire Corp)
Payments by Lender. If Borrower shall fail to make any payment or perform any act required hereunder (including, but not limited to, maintenance of any insurance required by Section 10), then Lender may, but shall not be required to, after such notice to Borrower as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender for all sums paid and all reasonable costs and expenses incurred in connection with the performance of any such act.
Appears in 2 contracts
Samples: Senior Loan and Security Agreement (Matritech Inc/De/), Senior Loan and Security Agreement (Ondisplay Inc)
Payments by Lender. If Borrower shall fail to make any payment or perform any act required hereunder (including, but not limited to, maintenance of any insurance required by Section 10), then Lender may, but shall not be required to, after such notice to Borrower as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender lender for all sums paid and all reasonable costs and expenses incurred in connection with the performance of any such act.
Appears in 1 contract
Samples: Senior Loan and Security Agreement (Embark Com Inc)
Payments by Lender. If Borrower shall fail to make any payment or perform any act required hereunder (including, but not limited to, maintenance of any insurance required by Section 105(e)), then Lender may, but shall not be required to, after such notice to Borrower as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender for all sums paid and all reasonable costs and expenses incurred in connection with the performance of any such act.
Appears in 1 contract
Samples: Senior Loan and Security Agreement (Haht Commerce Inc)
Payments by Lender. If Borrower shall fail to make any payment or perform any act required hereunder (including, but not limited to, maintenance of any insurance required by Section 10), then Lender may, but shall not be required to, after such notice to Borrower as is reasonable under the circumstances, make such payment or perform such act with the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender for all sums reasonably paid and all reasonable costs and expenses reasonably incurred in connection with the performance of any such act.
Appears in 1 contract
Samples: Senior Loan and Security Agreement (Worldgate Communications Inc)
Payments by Lender. If Borrower shall fail to make any payment or perform any act required hereunder (including, but not limited to, maintenance of any insurance required by Section 105(e)), then Lender lender may, but shall not be required to, after such notice to Borrower borrower as is its reasonable under the circumstances, make such payment or perform such act with wit the same effect as if made or performed by Borrower. Borrower will upon demand reimburse Lender for all sums paid and all reasonable costs and expenses incurred in connection with the performance of any such act.
Appears in 1 contract