Common use of Performance by Secured Party of Debtor’s Obligations Clause in Contracts

Performance by Secured Party of Debtor’s Obligations. If Debtor fails to perform or comply with any of its agreements contained herein and the Secured Parties shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable expenses of the Secured Parties incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to 12%, shall be payable by Debtor to the Secured Parties on demand and shall constitute Obligations secured hereby.

Performance by Secured Party of Debtor’s Obligations. If Debtor fails to perform or comply with any of its agreements contained herein and the fails to correct such default after notification from Secured Parties shall Party and, as a result, Secured Party itself perform or comply, or otherwise cause causes performance or compliance, compliance with such agreement, the reasonable expenses of the Secured Parties incurred in connection with such performance or complianceParty, together with interest thereon at a rate the maximum nonusurious per annum equal to 12%rate permitted by applicable law, shall be payable by Debtor to the Secured Parties Party on demand and shall constitute Obligations secured herebyby this Agreement.

Performance by Secured Party of Debtor’s Obligations. If the Debtor fails to perform or comply with any of its agreements contained herein and the Secured Parties Party, as provided for by the terms of this Agreement shall itself perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable expenses of the Secured Parties Party incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to 12%, compliance shall be payable by the Debtor to the Secured Parties Party on demand and shall constitute Obligations secured hereby.