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 these agreements and this continues after notice of Secured Party’s intention to do so, and Secured Party, as provided for by the terms of this Security Agreement, itself performs or complies or otherwise causes performance or compliance with the agreement, all fees and expenses of Secured Party incurred in connection with such performance or compliance, together with interest at the default rate of interest provided for in the Obligations secured thereby (and if no default rate of interest is stated, the rate of interest specified in the Obligation), shall be payable by Debtor to Secured Party 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 these its agreements and this continues after notice of contained herein, Secured Party’s intention Party itself may, at its sole discretion, cause or attempt to do so, and Secured Party, as provided for by the terms of this Security Agreement, itself performs or complies or otherwise causes cause performance or compliance with such agreement and the agreement, all fees and expenses of Secured Party incurred in connection with such performance or complianceParty, together with interest thereon at the default maximum nonusurious per annum rate of interest provided for in the Obligations secured thereby (and if no default rate of interest is stated, the rate of interest specified in the Obligation)permitted by applicable law, shall be payable by Debtor to Secured Party on demand and shall constitute Obligations secured herebyby this Agreement. Notwithstanding the foregoing, it is expressly agreed that Secured Party shall not have any liability or responsibility for the performance of any obligation of Debtor under this Agreement.

Performance by Secured Party of Debtor’s Obligations. If the Debtor ---------------------------------------------------- fails to perform or comply with any of these its agreements contained herein and this continues after notice of Secured Party’s intention to do so, and the Secured Party, as provided for by the terms of this Security Agreement, shall itself performs perform or complies comply, or otherwise causes cause performance or compliance compliance, with the any agreement, all fees and expenses the expense of the Secured Party incurred in connection with such performance or compliance, together with interest thereon at the default rate of interest provided for in the Obligations secured thereby (and if no default rate of interest is stated, the rate of interest specified in the Obligation)Default Interest 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 Obligations. If any Debtor fails to perform or comply with any of these its agreements contained herein and this continues after notice of the Secured Party’s intention to do soParty shall itself perform or comply, and Secured Party, as provided for by the terms of this Security Agreement, itself performs or complies or otherwise causes cause performance or compliance compliance, with the such agreement, all fees and the expenses of the Secured Party incurred in connection with such performance or compliance, together with interest thereon at the default rate of interest provided for Specified Rate in the Obligations secured thereby (and if no default rate of interest is stated, the rate of interest specified in the Obligation)effect from time to time, shall be payable by Debtor the Debtors to the Secured Party on demand and shall constitute Secured Obligations secured hereby. The Secured Party will notify the Debtors as soon as it is practicable of any action taken by it of the nature referred to herein.

Performance by Secured Party of Debtor’s Obligations. If Debtor fails the Debtors fail to perform or comply with any of these its agreements contained herein and this continues after notice of Secured Party’s intention to do so, and the Secured Party, as provided for by the terms of this Security Agreement, shall itself performs perform or complies comply, or otherwise causes cause performance or compliance compliance, with the such agreement, all fees and the expenses of the Secured Party incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the default rate of interest provided for in the Obligations secured thereby (and if no default rate of interest is stated, the rate of interest specified in the Obligation)Default Rate, shall be payable by Debtor the Debtors to the Secured Party on demand and shall constitute Obligations secured hereby.