Secured Parties May Perform. If any Grantor fails to perform any agreement contained herein, any Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of such Secured Party incurred in connection therewith shall be payable, jointly and severally, by Grantors.
Secured Parties May Perform. Upon the occurrence and continuation of an “Event of Default” under any Note, at the option of the Secured Parties and subject to any limitations in the Subordination Agreement, the Secured Parties may discharge taxes, liens or security interests, or other encumbrances at any time hereafter levied or placed on the Collateral except to the extent same are Permitted Liens; may pay for insurance required to be maintained on the Collateral pursuant to Section 3; and may pay for the maintenance and preservation of the Collateral. The Debtor agrees to reimburse the Secured Parties on demand for any payment made, or any expense incurred, by the Secured Parties pursuant to the foregoing authorization. Until the occurrence and continuation of an Event of Default, subject to any restrictions and/or limitations set forth in the Subordination Agreement, the Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this Security Agreement.
Secured Parties May Perform. If the Borrower fails to perform any agreement contained herein, any Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of such Secured Party incurred in connection therewith shall be payable by the Borrower.
Secured Parties May Perform. If the Company fails to perform any agreement contained herein, the Secured Parties may perform, or cause performance of, such agreement, and the expenses of the Secured Parties incurred in connection therewith shall be payable by the Company.
Secured Parties May Perform. Upon the occurrence and continuation of an “Event of Default” under the Notes, at the option of the Secured Parties, the Secured Parties may discharge taxes, liens or security interests, or other encumbrances at any time hereafter levied or placed on the Collateral; may pay for insurance required to be maintained on the Collateral pursuant to Section 3; and may pay for the maintenance and preservation of the Collateral. The Debtor agrees to reimburse the Secured Parties on demand for any payment made, or any expense incurred, by the Secured Parties pursuant to the foregoing authorization. Until the occurrence and continuation of an Event of Default, the Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this the Security Agreement.
Secured Parties May Perform. If the Grantor fails to perform any agreement contained herein, the Designated Purchaser may perform, or cause performance of, such agreement and the reasonable expenses of the Designated Purchaser incurred in connection therewith shall be payable by Grantor pursuant to SECTION 6.5.
Secured Parties May Perform. If a Pledgor fails to perform any agreement contained herein, the Secured Parties may perform or cause the performance of such agreement, and the expenses of the Secured Parties incurred in connection therewith shall be payable by such Pledgor under Article XV. However, nothing in this Agreement shall obligate the Secured Parties to so act.
Secured Parties May Perform. Upon the occurrence of an "event of default" under the Promissory Note, at the option of the Secured Party, the Secured Party may discharge taxes, liens or security interests, or other encumbrances at any time hereafter levied or placed on the Collateral; and may pay for the maintenance and preservation of the Collateral. Until default, the Debtor may have possession of the Collateral and use it in any lawful manner not inconsistent with this Security Agreement.
Secured Parties May Perform. If the Pledgor fails to perform any agreement contained herein, the Designated Purchaser may perform, or cause performance of, such agreement and the reasonable expenses of the Designated Purchaser incurred in connection therewith shall be payable by the Pledgor pursuant to Section 6.5.
Secured Parties May Perform. If the Pledgor fails to perform any agreement contained herein, the Designated Note Purchaser and the Designated Lender may perform, or cause performance of, such agreement and the reasonable expenses of the Designated Note Purchaser and the Designated Lender incurred in connection therewith shall be payable by the Pledgor pursuant to SECTION 6.5.
