Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 39 contracts
Samples: Security Agreement (Arch Therapeutics, Inc.), Security Agreement (Veroni Brands Corp.), Security Agreement (Arch Therapeutics, Inc.)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the actions Secured Party or its Representative reasonably deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the CollateralCollateral and Debtor shall, including obtaining insurance for the Collateral at any time when such Debtor has failed to do sowithin 30 days of demand by Secured Party, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc)
Preservation of Rights. Whether or not any an Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, have the right to take any steps the Secured Party or its Representative reasonably deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the CollateralCollateral upon any Grantor’s failure to do so, including obtaining insurance for the Collateral at any time when such Debtor Grantor has failed to do so, and Debtors such Grantor shall promptly pay, or reimburse the Secured Party for, all reasonable and customary out-of-pocket expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Security Agreement (Workhorse Group Inc.), Security Agreement (Velo3D, Inc.), Security Agreement (Velo3D, Inc.)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such Debtor has failed to do so, and the Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Security Agreement (Kaching Kaching, Inc.), Security Agreement (Duke Mining Company, Inc.), Security Agreement (Evolution Resources, Inc.)
Preservation of Rights. Whether or not any an Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, have the right to take any steps the Secured Party or its Representative reasonably deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the CollateralCollateral upon the Grantor’s failure to do so, including obtaining insurance for the Collateral at any time when such Debtor the Grantor has failed to do so, and Debtors the Grantor shall promptly pay, or reimburse the Secured Party for, all reasonable and customary out-of-pocket expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Security Agreement (Workhorse Group Inc.), Security Agreement (Workhorse Group Inc.), Securities Purchase Agreement (Workhorse Group Inc.)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such a Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 3 contracts
Samples: First Lien Security Agreement (American Petro-Hunter Inc), Security Agreement (South Texas Oil Co), Security Agreement (South Texas Oil Co)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such a Debtor has failed to do so, and Debtors each Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Master Reaffirmation Agreement, Master Reaffirmation Agreement (Panther Expedited Services, Inc.), Master Reaffirmation Agreement (Panther Expedited Services, Inc.)
Preservation of Rights. Whether or not any Event of Default or Triggering Event has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such a Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Security Agreement (CardioVascular BioTherapeutics, Inc.), Security Agreement (Infinity Inc), Security Agreement (Galaxy Energy Corp)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative Representatives deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such a Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party Parties for, all expenses incurred in connection therewith.
Appears in 3 contracts
Samples: Security Agreement (Enter Corp), Security Agreement (Enter Corp), Security Agreement (Enter Corp)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such Debtor has failed to do so, and Debtors Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 2 contracts
Samples: Security Agreement (Booktech Com Inc), Security Agreement (Booktech Com Inc)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems reasonably necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all reasonable expenses incurred in connection therewith.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Cumulus Investors LLC), Security Agreement (Averion International Corp.)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the actions Secured Party or its Representative reasonably deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for on the Collateral at any time when such Debtor has failed to do so, and Debtors Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 2 contracts
Samples: Purchase Money Security Agreement (Kior Inc), Security Agreement (Credentials Services International Inc)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such any Debtor has failed to do so, and the Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 1 contract
Samples: Security Agreement (Warrantech Corp)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, upon notice to the Debtor, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such the Debtor has failed to do so, and Debtors the Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
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Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, after notice to Debtor in the absence of a continuing Event of Default, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such Debtor has failed to do so, and Debtors Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
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Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any the Collateral or any rights against third parties to any of the Collateralsuch Obligor, including obtaining insurance for the such Collateral at any time when such Debtor Obligor has failed to do so, and Debtors such Obligor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
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Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the actions Secured Party or its Representative reasonably deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for on the Collateral at any time when such Debtor Debtors has failed to do so, and Debtors each Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
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Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative mayshall have the right, but shall not be required toat the direction of the Lender, to take any steps the Secured Party or its Representative (at the direction of Lender) deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party and the Lender for, all reasonable and customary expenses incurred in connection therewith.
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Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
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Preservation of Rights. Whether or not any Event of Default has ---------------------- occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such Debtor has failed to do so, and Debtors Debtor shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
Appears in 1 contract
Samples: Xbox Publisher License Agreement (Interplay Entertainment Corp)
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to, after notice to Debtor in the absence of a continuing Event of Default, take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance for the of Collateral at any time when such a Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.
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