Common use of Performance by Collateral Agent of Grantor's Obligations Clause in Contracts

Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Agreement and following reasonable notice to the Grantor, may itself perform or comply, or otherwise cause performance or compliance, with such agreement, and the expenses of the Collateral Agent incurred in connection with such performance or compliance shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured hereby.

Appears in 7 contracts

Samples: Pledge and Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp)

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Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Agreement and following reasonable notice to the GrantorSecurity Agreement, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreementagreements, and the expenses of the Collateral Agent incurred in connection with such performance or compliance shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured hereby.

Appears in 2 contracts

Samples: Imagent Security Agreement (Alliance Pharmaceutical Corp), General Collateral Security Agreement (Alliance Pharmaceutical Corp)

Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and herein, the Collateral Agent, as provided for by the terms of this Agreement and following reasonable notice at its option, but without any obligation so to the Grantordo, may itself perform or comply, or otherwise cause performance or compliance, with such agreementagreement (with, if no Default or Event of Default shall have occurred and the expenses of the Collateral Agent incurred in connection with such performance or compliance shall be payable by the Grantor continuing, notice to the Collateral Agent on demand and shall constitute Obligations secured herebyGrantor).

Appears in 2 contracts

Samples: Pledge Agreement (Metris Companies Inc), Senior Secured Credit Agreement (Metris Companies Inc)

Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Agreement and following reasonable notice to the GrantorSecurity Agreement, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, and the expenses of the Collateral Agent incurred in connection with such performance or compliance compliance, together with interest thereon at a rate per annum 2% above the rate payable under the Indenture, shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured herebySecured Obligations.

Appears in 1 contract

Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)

Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Agreement Patent and following reasonable notice to the GrantorTrademark Security Agreement, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreementagreements, and the expenses of the Collateral Agent incurred in connection with such performance or compliance shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured hereby.

Appears in 1 contract

Samples: Imagent and Oxygent Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp)

Performance by Collateral Agent of Grantor's Obligations. If the -------------------------------------------------------- Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Patent and Trademark Security Agreement and following reasonable notice to the Grantor, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, and the expenses of the Collateral Agent incurred in connection with such performance or compliance shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured hereby.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Cephalon Inc)

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Performance by Collateral Agent of Grantor's Obligations. If the -------------------------------------------------------- Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Security Agreement and following reasonable notice to the Grantor, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, and the expenses of the Collateral Agent incurred in connection with such performance or compliance shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured hereby.

Appears in 1 contract

Samples: Security Agreement (Cephalon Inc)

Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Agreement and following reasonable notice to the GrantorSecurity Agreement, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, and the expenses of the Collateral Agent incurred in connection with such performance or compliance compliance, together with interest thereon at a rate per annum 2% above the rate payable under the Indenture, shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured herebySecured Obligations. Section 8.

Appears in 1 contract

Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)

Performance by Collateral Agent of Grantor's Obligations. If the Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Agreement Amended and following reasonable notice to the GrantorRestated Security Agreement, may shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, and the expenses of the Collateral Agent incurred in connection with such performance or compliance compliance, together with interest thereon at a rate per annum specified in the last sentence of the first paragraph of the Notes, shall be payable by the Grantor to the Collateral Agent on demand and shall constitute Obligations secured hereby.

Appears in 1 contract

Samples: Security Agreement (Source Media Inc)

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