Performance by Secured Party. If Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, or cause performance of, such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 16.
Appears in 6 contracts
Samples: Master Disbursement Agreement (Wynn Las Vegas LLC), Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD)
Performance by Secured Party. If Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, or cause the performance of, such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 166.7. In no event, however, shall Secured Party have any obligation or duties whatsoever to perform any covenant or agreement of Pledgor contained herein, and any such performance by Secured Party shall be wholly discretionary with Secured Party.
Appears in 3 contracts
Samples: Pledge Agreement (Search Capital Group Inc), Pledge Agreement (Search Capital Group Inc), Pledge Agreement (Search Capital Group Inc)
Performance by Secured Party. If Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, or cause performance of, such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 1612.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Prime Hospitality Corp), Completion Guaranty Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)
Performance by Secured Party. If Pledgor fails to perform any agreement or obligation contained herein, the Secured Party may itself perform, or cause performance of, such agreementagreement or obligation, and the expenses of the Secured Party incurred in connection therewith shall be payable by Pledgor under Section 164.4.
Appears in 2 contracts
Samples: Asset Transfer Agreement (Sundance Strategies, Inc.), Asset Transfer Agreement (Sundance Strategies, Inc.)
Performance by Secured Party. If Pledgor fails to perform any agreement contained or obligation provided herein, Secured Party may itself perform, or cause performance of, such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 16.,
Appears in 1 contract
Samples: Advancing Term Credit Agreement (San Juan Partners LLC)
Performance by Secured Party. If Pledgor fails to perform any agreement or obligation contained herein, Secured Party may itself perform, or cause performance of, such agreementagreement or obligation, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 164.5.
Appears in 1 contract
Performance by Secured Party. If Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, perform or cause the performance of, of such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 16. However, nothing in this Agreement shall obligate Secured Party to act.
Appears in 1 contract
Samples: Pledge Agreement (Primeenergy Corp)
Performance by Secured Party. If Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, or cause the performance of, such agreement, and the reasonable expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 164.8. In no event, however, shall Secured Party have any obligation or duties whatsoever to perform any covenant or agreement of Pledgor contained herein, and any such performance by Secured party shall be wholly discretionary with Secured Party.
Appears in 1 contract
Samples: Pledge Agreement (Boundless Motor Sports Racing Inc)
Performance by Secured Party. If Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, or cause performance of, such agreement, and the expenses of Secured Party incurred in connection therewith shall be payable by Pledgor under Section 1611.
Appears in 1 contract
Samples: Mortgage Notes Proceeds Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)
