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

Performance by Secured Party of Debtor’s Obligations. If the Debtors fail to perform or comply with any of its 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 equal to the Default Rate, shall be payable by the Debtors to the Secured Party on demand and shall constitute Obligations secured hereby.

Performance by Secured Party of Debtor’s Obligations. If the Debtors fail Debtor fails to perform or comply with any of its agreements contained herein and the herein, Secured PartyParty itself may, as provided for by the terms of this Security Agreementat its sole discretion, shall itself perform cause or comply, or otherwise attempt to cause performance or compliance, compliance with such agreement, agreement and the expenses of the Secured Party incurred in connection with such performance or complianceParty, together with interest thereon at a rate the maximum nonusurious per annum equal to the Default Raterate permitted by applicable law, shall be payable by the Debtors Debtor to the 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 Debtors fail Debtor ---------------------------------------------------- fails to perform or comply with any of its 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 any agreement, the expenses expense 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 Interest Rate, shall be payable by the Debtors Debtor to the Secured Party on demand and shall constitute Obligations secured hereby.

Performance by Secured Party of Debtor’s Obligations. If the Debtors fail any Debtor fails to perform or comply with any of its agreements contained herein and the Secured Party, as provided for by the terms of this Security Agreement, Party 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 equal the Specified Rate in effect from time to the Default Ratetime, shall be payable by 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.