Common use of Performance by Secured Party of Pledgor's Obligations Clause in Contracts

Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if Pledgor fails to perform or comply with any of its agreements contained herein and Secured Party itself shall cause performance of or compliance with such agreement, the reasonable expenses of Secured Party, together with interest thereon at the rate of interest provided in the Credit Agreement, shall be payable by Pledgor to Secured Party on demand and shall constitute Obligations secured by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Quanta Services Inc), Secured Credit Agreement (Quanta Services Inc)

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Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if Pledgor fails to perform or comply with any of its agreements contained herein and Secured Party itself shall cause performance of or compliance with such agreement, the reasonable expenses of Secured Party, together with interest thereon at the maximum nonusurious per annum rate of interest provided in the Credit Agreementpermitted by applicable law, shall be payable by Pledgor to Secured Party on demand and shall constitute Obligations secured by this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Westcliff Trust), Security Agreement (Eastwood Trust)

Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if ----------------------------------------------------- the Pledgor fails to perform or comply with any of its agreements contained herein and the Secured Party itself shall perform or comply, or otherwise cause performance of or compliance compliance, with such agreement, the reasonable expenses of the Secured PartyParty incurred in connection with such performance or compliance, together with interest thereon at a rate per annum equal to the highest interest rate of interest provided prescribed in the Credit Agreement, shall be payable by the Pledgor to the Secured Party on demand and shall constitute Obligations secured by this Agreementhereby.

Appears in 2 contracts

Samples: Security Agreement (Guest Supply Inc), Revolving Credit and Term Loan Agreement (Guest Supply Inc)

Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if Pledgor fails to perform or comply with any of its agreements contained herein and Secured Party itself shall cause performance of or compliance with such agreement, the reasonable expenses of Secured Party, together with interest thereon at the rate of interest provided in the Credit Note Purchase Agreement, shall be payable by Pledgor to Secured Party on demand and shall constitute Obligations secured by this Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Boots & Coots International Well Control Inc)

Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if ----------------------------------------------------- Pledgor fails to perform or comply with any of its the agreements contained herein and Secured Party itself shall cause performance of or compliance with such agreement, the reasonable expenses of Secured Party, together with interest thereon at the rate of interest provided Default Rate (as defined in the Credit Agreement, Convertible Note) shall be payable by Pledgor to Secured Party on demand and shall constitute Obligations secured by this Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Petrosearch Energy Corp)

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Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if Pledgor ----------------------------------------------------- fails to perform or comply with any of its agreements contained herein and Secured Party Party, as provided for by the terms of this Agreement, shall itself shall perform or comply, or otherwise cause performance of or compliance compliance, with such agreement, the reasonable expenses of Secured PartyParty incurred in connection with such performance or compliance, together with interest thereon at the rate then in effect in respect of interest provided in the Credit AgreementNotes, shall be payable by Pledgor to Secured Party on demand and shall constitute Secured Obligations secured by this Agreementhereunder.

Appears in 1 contract

Samples: Security Agreement (Jayhawk Acceptance Corp)

Performance by Secured Party of Pledgor's Obligations. If an Event of Default has occurred and is continuing or if Pledgor fails to perform or comply with any of its the agreements contained herein and Secured Party itself shall cause performance of or compliance with such agreement, the reasonable expenses of Secured Party, together with interest thereon at the rate of interest provided in the Credit Agreement12% per annum, shall be payable by Pledgor to Secured Party on demand and shall constitute Obligations secured by this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Petrosearch Corp)

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