Common use of Performance By The Collateral Agent Clause in Contracts

Performance By The Collateral Agent. If the Assignor fails to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the Assignor.

Appears in 1 contract

Samples: Security Agreement (Vestar Capital Partners Iv Lp)

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Performance By The Collateral Agent. If the Assignor fails to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the Assignor.

Appears in 1 contract

Samples: Consent and Agreement (R&b Falcon Corp)

Performance By The Collateral Agent. If the Assignor fails Assignors fail to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent (or Collateral Trustee, as the case may be) incurred in connection therewith shall be payable to the Collateral Agent (or Collateral Trustee, as the case may be) by the AssignorAssignors.

Appears in 1 contract

Samples: Security Agreement (Reading & Bates Corp)

Performance By The Collateral Agent. If the Assignor fails Assignors fail to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the AssignorAssignors.

Appears in 1 contract

Samples: Security Agreement (Reading & Bates Corp)

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Performance By The Collateral Agent. If the Assignor fails to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the Assignor.

Appears in 1 contract

Samples: Tpi Security Agreement (Pca Valdosta Corp)

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