Common use of PERFORMANCE BY SECURED PARTY OF DEBTOR’S AGREEMENTS Clause in Contracts

PERFORMANCE BY SECURED PARTY OF DEBTOR’S AGREEMENTS. If the Debtor fails to perform or comply with any of the agreements contained herein and the Secured Party, 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 Secured Party incurred in connection with such performance or compliance, together with interest thereon at a rate per annum 2% above the Prime Rate, shall be payable by the Debtor to the Secured Party on demand and shall constitute Obligations secured hereby.

PERFORMANCE BY SECURED PARTY OF DEBTOR’S AGREEMENTS. If the Debtor fails to perform or comply with any of the agreements contained herein and the Secured Party, 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 Secured Party incurred in connection with such performance or compliance, together with interest thereon at a rate per annum 2% above the Prime Ratehighest lawful rate, shall be payable by the Debtor to the Secured Party on demand and shall constitute Obligations part of the Obligation secured hereby.

PERFORMANCE BY SECURED PARTY OF DEBTOR’S AGREEMENTS. If the Debtor fails to perform or comply with any of the agreements contained herein and the Secured Party, 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 Secured Party incurred in connection with such performance or compliance, together with interest thereon at a rate per annum 2% above the Prime Base Rate, shall be payable by the Debtor to the Secured Party on demand and shall constitute Obligations secured hereby.