Common use of Performance by Secured Party Clause in Contracts

Performance by Secured Party. If Debtor fails to perform any of its obligations hereunder, Secured Party may, at its sole discretion, pay or perform such obligations for Debtor's account and may add any cost or expense thereof to the obligations secured hereby.

Appears in 5 contracts

Samples: Subsidiary Security Agreement (Data Transmission Network Corp), Security Agreement (Data Transmission Network Corp), Security Agreement (Data Transmission Network Corp)

AutoNDA by SimpleDocs

Performance by Secured Party. If Debtor fails to perform or comply with any of its obligations hereunderagreements contained herein, Secured Party itself may, at its sole discretion, pay cause or perform attempt to cause performance or compliance with such obligations for Debtor's account agreement and may add any cost or expense thereof the expenses of Secured Party, together with interest thereon at the maximum nonusurious per annum rate permitted by applicable law, shall be payable by Debtor to the obligations secured hereby.Secured

Appears in 1 contract

Samples: Security Agreement (Crescent Operating Inc)

AutoNDA by SimpleDocs

Performance by Secured Party. If Debtor fails to perform or comply with any of its obligations hereunderagreements contained herein, Secured Party itself may, at its sole discretion, pay or perform such obligations for Debtor's account and may add any cost or expense thereof to the obligations secured hereby.,

Appears in 1 contract

Samples: Security Agreement (Crescent Operating Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!