Common use of Performance by the Subscribers Clause in Contracts

Performance by the Subscribers. If a Debtor fails to perform any material covenant, agreement, duty or obligation of such Debtor under this Agreement, Subscribers may, after any applicable cure period and notice required hereunder, at any time or times in its discretion, take action to effect performance of such obligation. All reasonable expenses of the Subscribers incurred in connection with the foregoing authorization shall be payable by Debtors as provided in Paragraph 12.1 hereof. No discretionary right, remedy or power granted to the Subscribers under any part of this Agreement shall be deemed to impose any obligation whatsoever on the Subscribers with respect thereto, such rights, remedies and powers being solely for the protection of the Subscribers.

Performance by the Subscribers. If a Debtor fails to perform any material covenant, agreement, duty or obligation of such Debtor under this Agreement, Subscribers may, after any applicable cure period and notice required hereunderperiod, at any time or times in its discretion, take action to effect performance of such obligation. All reasonable expenses of the Subscribers incurred in connection with the foregoing authorization shall be payable by Debtors as provided in Paragraph 12.1 hereof. No discretionary right, remedy or power granted to the Subscribers under any part of this Agreement shall be deemed to impose any obligation whatsoever on the Subscribers with respect thereto, such rights, remedies and powers being solely for the protection of the Subscribers.