Common use of Performance of Borrowers’ Obligations Clause in Contracts

Performance of Borrowers’ Obligations. Agent may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers under any Loan Documents or otherwise lawfully requested by Agent to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR Loans. Any payment made or action taken by Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 4 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

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Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR Base Rate Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 4 contracts

Samples: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Arlo Technologies, Inc.)

Performance of Borrowers’ Obligations. Agent may, in its discretion at any time and from time to time, at Borrowers' expense, pay any amount or do any act required of Borrowers under any Loan Documents or otherwise lawfully requested by Agent to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s 's Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR Loans. Any payment made or action taken by Agent under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 3 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ Borrower's expense, pay any amount or do any act required of Borrowers Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Lender's Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by BorrowersBorrower, on demand, with interest from the date incurred until paid in full, to the date of payment thereof at the Default Rate applicable to LIBOR Base Rate Revolver Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ Borrower’s expense, pay any amount or do any act required of Borrowers Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by BorrowersBorrower, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR Base Rate Revolver Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Select Interior Concepts, Inc.), Loan and Security Agreement (Nortech Systems Inc)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR Base Rate Revolver Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blyth Inc), Loan and Security Agreement (Radiant Logistics, Inc)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, to the date of payment thereof at the Default Rate applicable to LIBOR Base Rate Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Par Pacific Holdings, Inc.)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers' expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Lender's Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR Base Rate Revolver Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

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Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR LoansRate. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Blyth Inc)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion Permitted Discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a Royalty, judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs costs, fees and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR LoansRate. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Wireless Telecom Group Inc)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers’ expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of AgentLender’s Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR SOFR Rate Loans. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (HOOKER FURNISHINGS Corp)

Performance of Borrowers’ Obligations. Agent Lender may, in its discretion at any time and from time to time, at Borrowers' expense, pay any amount or do any act required of Borrowers a Borrower under any Loan Documents or otherwise lawfully requested by Agent Lender to (a) enforce any Loan Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of Agent’s Lender's Liens in any Collateral, including any payment of a judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses (including Extraordinary Expenses) of Agent Lender under this Section shall be reimbursed by Borrowers, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to LIBOR LoansRate. Any payment made or action taken by Agent Lender under this Section shall be without prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (LIVE VENTURES Inc)

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