Common use of PERFORMING YOUR OBLIGATIONS IF YOU DO NOT Clause in Contracts

PERFORMING YOUR OBLIGATIONS IF YOU DO NOT. If you do not perform one or more of your obligations under this Master Agreement or a Schedule or Note, we may perform it for you. We will notify you in writing at least ten (10) days before we do this. We do not have to perform any of your obligations for you. If we do choose to perform them, you will pay us all of our expenses to perform the obligations. You will also reimburse us for any money that we advance to perform your obligations, together with interest at the Default Rate on that amount. These will be additional "Payments" that you will owe us and you will pay them at the same time that your next Payment is due.

Appears in 5 contracts

Samples: Loan and Security Agreement (Internap Network Services Corp/Wa), Loan and Security Agreement (Cytogen Corp), Master Agreement (Illumina Inc)

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PERFORMING YOUR OBLIGATIONS IF YOU DO NOT. If you do not perform one or more of your obligations under this Master Agreement or a Schedule or Note, we may perform it for you. We will notify you in writing at least ten (10) days before we do this. We do not have to perform any of your obligations for you. If we do choose to perform them, you will pay us all of our reasonable out-of-pocket expenses to perform the obligations. You will also reimburse us for any money that we advance to perform your obligations, together with interest at the Default Rate on that amount. These will be additional "Payments" that you will owe us and you will pay them at the same time that your next Payment is due.

Appears in 1 contract

Samples: Loan and Security Agreement (Appliedtheory Corp)

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