Common use of Right to Perform Grantor’s Covenants Clause in Contracts

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement or the Other Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the Liabilities, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A Loans. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens and security interests securing the payment of any debt, claim, tax or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Indenture or the Other Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the Liabilities, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A LoansSecurities. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens and security interests securing the payment of any debt, claim, tax or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Trust or the Other other Loan Documents, Beneficiary may, but shall not be obligated to any person Person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the LiabilitiesIndebtedness, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities Notes are payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A LoansDefault Rate. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens liens, and security interests securing the payment of any debt, claim, tax tax, or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Trust or the Other other Loan Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the LiabilitiesIndebtedness, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are relevant Note is payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A LoansDefault Rate. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens liens, and security interests securing the payment of any debt, claim, tax tax, or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Security Instrument or the Other other Loan Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the LiabilitiesSecured Obligations, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are Note is payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A LoansDefault Rate. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens liens, and security interests securing the payment of any debt, claim, tax tax, or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Trust or the Other other Loan Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the LiabilitiesSecured Obligations, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are Note is payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by of interest then applicable on the Tranche A Loansoutstanding principal balance of the Note. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens liens, and security interests securing the payment of any debt, claim, tax tax, or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor or Borrower ------------------------------------ has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Trust or the Other other Loan Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the LiabilitiesIndebtedness, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are Notes is payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A LoansDefault Rate. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens liens, and security interests securing the payment of any debt, claim, tax tax, or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.

Right to Perform Grantor’s Covenants. If Grantor has failed to keep or perform any covenant whatsoever contained in this Deed of Trust, the Credit Agreement Trust or the Other other Loan Documents, Beneficiary may, but shall not be obligated to any person to do so, perform or attempt to perform said covenant, and any payment made or expense incurred in the performance or attempted performance of any such covenant shall be and become a part of the LiabilitiesIndebtedness, and Grantor promises, upon demand, to pay to Beneficiary, at the place where the Liabilities are Note is payable, all sums so advanced or paid by Beneficiary, with interest from the date when paid or incurred by Beneficiary at the rate borne by the Tranche A LoansDefault Rate. No such payment by Beneficiary shall constitute a waiver of any Event of Default. In addition to the liens and security interests hereof, Beneficiary shall be subrogated to all rights, titles, liens liens, and security interests securing the payment of any debt, claim, tax tax, or assessment for the payment of which Beneficiary may make an advance, or which Beneficiary may pay.