Common use of Performance of Covenants by Subscription Receipt Agent Clause in Contracts

Performance of Covenants by Subscription Receipt Agent. If either the Corporation or Navasota fails to perform any of the obligations thereof under this Agreement, the Subscription Receipt Agent may notify the Subscription Receiptholders of such failure or may itself perform any of such obligations capable of being performed by the Subscription Receipt Agent, but the Subscription Receipt Agent will have no obligation to notify the Subscription Receiptholders that it is so doing. All amounts expended or advanced by the Subscription Receipt Agent in so doing will be repayable as provided in Section 5.4 hereof. No such performance, expenditure or advance by the Subscription Receipt Agent will relieve the Corporation or Navasota of any default or of its continuing obligations hereunder.

Performance of Covenants by Subscription Receipt Agent. ‌ If either the Corporation or Navasota fails to perform any of the obligations thereof under this Agreement, the Subscription Receipt Agent may notify the Flow-Through Unit Subscription Receiptholders of such failure or may itself perform any of such obligations capable of being performed by the Subscription Receipt Agent, but and the Subscription Receipt Agent will have no obligation to notify the Flow-Through Unit Subscription Receiptholders that it is so doing. All amounts expended or advanced by the Subscription Receipt Agent in so doing will be repayable as provided in Section 5.4 5.2 hereof. No such performance, expenditure or advance by the Subscription Receipt Agent will relieve the Corporation or Navasota of any default or of its continuing obligations hereunder.

Performance of Covenants by Subscription Receipt Agent. If either the Corporation or Navasota fails Company shall fail to perform any of the obligations thereof under its covenants contained in this Subscription Receipt Agreement, the Subscription Receipt Agent may notify the Subscription Receiptholders Receiptholder of such failure on the part of the Company or may itself perform any of such obligations the covenants capable of being performed by the Subscription Receipt Agent, it but the Subscription Receipt Agent will have shall be under no obligation to perform said covenants or to notify the Subscription Receiptholders that it is so doingReceiptholder of such performance or non-performance by it. All amounts sums expended or advanced by the Subscription Receipt Agent in so doing will shall be repayable as provided in Section 5.4 hereof5.3. No such performance, expenditure or advance by the Subscription Receipt Agent will shall relieve the Corporation or Navasota Company of any default hereunder or of its continuing obligations hereunderunder the covenants herein contained.

Performance of Covenants by Subscription Receipt Agent. If either the Corporation or Navasota Company fails to perform any of the obligations thereof under this Agreement, the Subscription Receipt Agent may notify the Subscription Receiptholders of such failure or may itself perform any of such obligations capable of being performed by the Subscription Receipt Agent, but and the Subscription Receipt Agent will have no obligation to may notify the Subscription Receiptholders that it is so doingdoing but will be under no obligation to do so. All amounts expended or advanced by the Subscription Receipt Agent in so doing will be repayable as provided in Section 5.4 hereof6.2. No such performance, expenditure or advance by the Subscription Receipt Agent will relieve the Corporation or Navasota Company of any default or of its continuing obligations hereunder.

Performance of Covenants by Subscription Receipt Agent. If either the Corporation or Navasota Company fails to perform any of the its obligations thereof under this Agreement, the Subscription Receipt Agent may notify the Subscription Receiptholders of such failure or may itself perform any of such obligations capable of being performed by the Subscription Receipt Agent, but and the Subscription Receipt Agent will have no obligation to may notify the Subscription Receiptholders that it is so doingdoing but will be under no obligation to perform such obligations or provide notice thereof. All amounts expended or advanced by the Subscription Receipt Agent in so doing will be repayable as provided in Section 5.4 hereof6.2. No such performance, expenditure or advance by the Subscription Receipt Agent will relieve the Corporation or Navasota Company of any default or of its continuing obligations hereunder.

Performance of Covenants by Subscription Receipt Agent. If either the Corporation or Navasota fails to perform any of the obligations thereof under this Agreement, the Subscription Receipt Agent may notify the Subscription Receiptholders of such failure or may itself perform any of such obligations capable of being performed by the Subscription Receipt Agent, but under no obligation to do so, and the Subscription Receipt Agent will have no obligation to notify the Subscription Receiptholders that it is so doing. All amounts expended or advanced by the Subscription Receipt Agent in so doing will be repayable as provided in Section 5.4 6.02 hereof. No such performance, expenditure or advance by the Subscription Receipt Agent will relieve the Corporation or Navasota of any default or of its continuing obligations hereunder.