Common use of Performance by Lender of Borrower's Obligations Clause in Contracts

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate shall be payable by the Borrower to the Lender on demand and shall constitute obligations secured hereby.

Appears in 1 contract

Samples: Security Agreement (Cogen Technologies Inc)

AutoNDA by SimpleDocs

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate compliance shall be payable by the Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Trademark Collateral Security Agreement (Reis, Inc.)

Performance by Lender of Borrower's Obligations. If the such Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such any agreement, the expenses expense of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate Default Rate, shall be payable by the such Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Pledge and Security Agreement (Thermoenergy Corp)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses expense of the Lender incurred in connection with such performance or compliance, together with interest thereon at a the rate per annum equal to provided for in the Stipulated Interest Rate Note upon the occurrence of an Event of Default, shall be payable by the Borrower to the Lender on demand and shall constitute obligations secured herebySecured Obligations.

Appears in 1 contract

Samples: Security Agreement (Coronus Solar Inc.)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and in the LenderLoan Documents, as provided for by concurrently with providing notice to the terms of this Security AgreementBorrower, shall the Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate Post-Default Rate, shall be payable payable, subject to Section 11.18 hereof, by the Borrower to the Lender on demand and shall constitute obligations secured herebySecured Obligations.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Allied Capital Corp)

Performance by Lender of Borrower's Obligations. If the Borrower ----------------------------------------------- fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such any agreement, the expenses expense of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate Late Rate, shall be payable by the Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Credit Agreement (Geerlings & Wade Inc)

Performance by Lender of Borrower's Obligations. If the Borrower ----------------------------------------------- fails to perform or comply with any of its agreements contained herein in the Loan Documents and the Lender, as provided for by the terms of this Security Agreement, shall Lender may itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate Post-Default Rate, shall be payable by the Borrower to the Lender on demand and shall constitute obligations secured herebySecured Obligations.

Appears in 1 contract

Samples: And Security Agreement (New Century Financial Corp)

Performance by Lender of Borrower's Obligations. If the Borrower fails Borrowers fail to perform or comply with any of its their agreements contained herein and the Lender, as provided for by the terms of this Security Loan Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with any such agreementagreements, then the expenses of the Lender incurred in connection with such performance or compliance, including all attorney's fees and court costs related thereto, together with interest thereon at a the highest default rate per annum equal to provided in the Stipulated Interest Rate Note, shall be payable by the Borrower Borrowers to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Investment Agreement (Cityxpress Com Corp)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses expense of the Lender incurred in connection with such performance or compliance, together with interest thereon at a the rate per annum equal to provided for in the Stipulated Interest Rate Note upon the occurrence of an Event of Default, shall be payable by the Borrower to the Lender on demand and shall constitute obligations secured herebySecured Obligations.

Appears in 1 contract

Samples: Security Agreement (Applied Precision, Inc.)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein following written demand therefor by Lender, and the Lender, as provided for by the terms of this Security Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, compliance (together with interest thereon at a rate per annum equal to the Stipulated Interest Rate Default Rate) shall be payable by the Borrower to the Lender on demand and shall constitute obligations Indebtedness secured hereby.. [RESERVED]

Appears in 1 contract

Samples: Loan Agreement

AutoNDA by SimpleDocs

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate compliance shall be payable by the Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Security Agreement (Inergetics Inc)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate compliance shall be payable by the Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Trademark Collateral Security Agreement (Bam Entertainment Inc)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate compliance shall be payable by the Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Collateral Security Agreement (Shopnet Com Inc)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Rate compliance shall be payable by the Borrower to the Lender on demand and shall constitute obligations secured hereby.

Appears in 1 contract

Samples: Security Agreement (Zoom Technologies Inc)

Performance by Lender of Borrower's Obligations. If the Borrower fails to perform or comply with any of its agreements contained herein and the Lender, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the expenses of the Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the Stipulated Interest Prime Rate plus 5%, shall be payable by the Borrower to the Lender on demand and shall constitute obligations Obligations secured hereby.

Appears in 1 contract

Samples: Security Agreement (Bridgeline Software, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.