Common use of Pledgee's Rights to Perform for Pledgor Clause in Contracts

Pledgee's Rights to Perform for Pledgor. If Pledgor shall at any time fail to perform or comply with any of its covenants and agreements hereunder, Pledgee may (but shall not be required or obligated to), upon reasonable advance written notice to Pledgor, take such action, in its own name and capacity or as Pledgor's attorney-in-fact, as Pledgee shall deem necessary or desirable to effect such performance or compliance.

Appears in 2 contracts

Samples: Secured Super Priority Credit Agreement (Sco Group Inc), Secured Super Priority Credit Agreement (Sco Group Inc)

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Pledgee's Rights to Perform for Pledgor. If Pledgor shall at any time --------------------------------------- fail to perform or comply with any of its covenants and agreements hereunder, Pledgee may (but shall not be required or obligated to), upon reasonable advance written notice to Pledgor, ) take such action, in its own name and capacity or as Pledgor's attorney-in-fact, as Pledgee shall deem necessary or desirable to effect such performance or compliance.

Appears in 2 contracts

Samples: Credit Agreement (Centris Group Inc), Credit Agreement (Centris Group Inc)

Pledgee's Rights to Perform for Pledgor. If Pledgor shall at any time fail to perform or comply with any of its covenants and agreements hereunder, Pledgee may (but shall not be required or obligated to), upon reasonable advance written notice to Pledgor, ) take such action, in its own name and capacity or as Pledgor's ’s attorney-in-fact, as Pledgee shall deem necessary or desirable to effect such performance or compliance.

Appears in 2 contracts

Samples: Pledge and Security Agreement (First Albany Companies Inc), Pledge and Security Agreement (First Albany Companies Inc)

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Pledgee's Rights to Perform for Pledgor. If Pledgor shall at any --------------------------------------- time fail to perform or comply with any of its covenants and agreements hereunder, Pledgee may (but shall not be required or obligated to), upon reasonable advance written notice to Pledgor, ) take such action, in its own name and capacity or as Pledgor's attorney-in-fact, as Pledgee shall deem necessary or desirable to effect such performance or compliance.

Appears in 1 contract

Samples: Credit Agreement (Centris Group Inc)

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