Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its agreements contained herein and Lender, as provided for by the terms of this Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreements, the reasonable expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the default rate applicable to the Loans as set forth in this Agreement, shall be payable by Borrower to Lender on demand, and Borrower's obligations to make such payments shall constitute Obligations secured hereby.
Appears in 2 contracts
Samples: Credit and Security Agreement (Long Beach Holdings Corp), Credit and Security Agreement (Long Beach Holdings Corp)
Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its agreements contained herein and Lender, as provided for by the terms of this Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreements, the reasonable expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the default rate applicable to the Loans Loan as set forth in this Agreement, shall be payable by Borrower to Lender on demand, and Borrower's obligations to make such payments shall constitute Obligations secured hereby.
Appears in 2 contracts
Samples: Credit and Security Agreement (Long Beach Holdings Corp), Credit and Security Agreement (Long Beach Holdings Corp)
Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its agreements contained herein and Lender, as provided for by the terms of this Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreements, the reasonable expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the default rate applicable to the Loans Loan as set forth in this Agreement, shall be payable by Borrower to Lender on demand, and Borrower's obligations to make such payments shall constitute Obligations obligations secured hereby.
Appears in 1 contract
Samples: Credit and Security Agreement (Long Beach Holdings Corp)
Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its agreements contained herein and Lender, as provided for by the terms of this Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreements, the reasonable expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the default rate applicable to the Loans Loan as set forth in this Agreement, shall be payable by Borrower to Lender on demand, and Borrower's obligations to make such payments shall constitute Obligations secured herebyby the Collateral pursuant to this Agreement.
Appears in 1 contract
Samples: Credit and Security Agreement (Long Beach Holdings Corp)
Performance by Lender of Borrower's Obligations. If Borrower fails to perform or comply with any of its agreements contained herein and Lender, as provided for by the terms of this Agreement, shall perform or comply, or otherwise cause performance or compliance, with such agreements, the reasonable expenses of Lender incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the default rate applicable to the Loans as set forth in this Agreement, shall be payable by Borrower to Lender on demand, and Borrower's obligations to make such payments shall constitute Obligations secured herebyby the Collateral pursuant to this Agreement.
Appears in 1 contract
Samples: Credit and Security Agreement (Long Beach Holdings Corp)
Performance by Lender of Borrower's Obligations. If Borrower fails Borrowers fail to perform or comply with any of its their agreements contained herein and Lender, as provided for by the terms of this Loan Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with any such agreements, then the reasonable expenses of 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 rate per annum equal to the highest default rate applicable to provided in the Loans as set forth in this AgreementNote, shall be payable by Borrower Borrowers to Lender on demand, and Borrower's obligations to make such payments demand shall constitute Obligations secured hereby.
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Performance by Lender of Borrower's Obligations. If Borrower fails Borrowers fail to perform or comply with any of its their agreements contained herein and Lender, as provided for by the terms of this Loan Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such agreementsagreement, then the reasonable expenses of 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 rate per annum equal to the highest default rate applicable to provided in the Loans as set forth in this AgreementNote, shall be payable by Borrower Borrowers to Lender on demand, and Borrower's obligations to make such payments or demand shall constitute Obligations secured hereby.
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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 agreementsagreement, 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 default rate applicable to the Loans as set forth in this AgreementDefault Rate, shall be payable by the Borrower to the Lender on demand, demand and Borrower's obligations to make such payments shall constitute Obligations secured hereby.
Appears in 1 contract
Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc)