Common use of Secured Parties May Perform Clause in Contracts

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.

Appears in 14 contracts

Samples: Security Agreement (Morria Biopharmaceuticals PLC), Security Agreement (Morria Biopharmaceuticals PLC), Security Agreement (Morria Biopharmaceuticals PLC)

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Secured Parties May Perform. (a) If any the Grantor fails to perform any agreement contained herein, any the Secured Party Parties may itself perform, or cause performance of, such agreement, and the reasonable expenses of such the Secured Party Parties incurred in connection therewith shall be payable, jointly and severally, payable by Grantorsthe Grantor to the fullest extent permitted by applicable law.

Appears in 4 contracts

Samples: Subsidiary Intellectual Property Security Agreement (Merlin Software Technologies International Inc), Intellectual Property Security Agreement (Merlin Software Technologies International Inc), Subsidiary Intellectual Property Security Agreement and Assignment (Merlin Software Technologies International Inc)

Secured Parties May Perform. If any the Grantor fails to perform any agreement contained herein, upon the occurrence and during the continuance of an Event of Default, after advance written notice to the Grantor, any Secured Party may itself perform, or cause performance of, such agreement, and the reasonable out-of-pocket expenses of such Secured Party incurred in connection therewith shall be payable, jointly and severally, payable by Grantorsthe Grantor.

Appears in 2 contracts

Samples: Security Agreement (ENDRA Life Sciences Inc.), Security Agreement (ENDRA Life Sciences Inc.)

Secured Parties May Perform. If any the Grantor fails to perform any agreement contained herein, upon the occurrence and during the continuance of an Event of Default 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, payable by Grantorsthe Grantor.

Appears in 1 contract

Samples: Security Agreement (DvineWave Inc.)

Secured Parties May Perform. If any Grantor fails to perform any agreement contained herein, any the Secured Party Parties may itself themselves perform, or cause performance of, such agreement, and the reasonable expenses of such the Secured Party Parties incurred in connection therewith shall be payable, jointly and severally, payable by Grantorssuch Grantor to the relevant Secured Party upon demand by such Secured Party.

Appears in 1 contract

Samples: Security Agreement (Timco Aviation Services Inc)

Secured Parties May Perform. If any Grantor fails to perform any agreement contained herein, any or all of the Secured Party may Parties may, but shall not be obligated to, itself perform, or cause performance of, such agreement, and the reasonable expenses of such Secured Party Parties incurred in connection therewith shall be payable, jointly and severally, a demand obligation owing by GrantorsGrantor to such Secured Parties.

Appears in 1 contract

Samples: General Security Agreement (Newpower Holdings Inc)

Secured Parties May Perform. If any Grantor fails to perform any agreement contained hereinherein as and when required, any the Secured Party Parties may itself perform, or cause performance of, such agreementagreement or obligation, in the name of such Grantor or the Secured Parties, and the reasonable expenses of such the Secured Party Parties incurred in connection therewith shall be payable, jointly and severally, severally payable by Grantorsthe Grantors pursuant to Section 8 hereof and shall be secured by the Collateral.

Appears in 1 contract

Samples: Security Agreement (Hemiwedge Industries, Inc)

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Secured Parties May Perform. If any the Grantor fails to perform any agreement obligation contained hereinin this Agreement, any either Secured Party may itself perform, or cause performance of, such agreementobligation, and the reasonable expenses of such Secured Party incurred in connection therewith shall be payable, jointly and severally, payable by Grantorsthe Grantor; provided that neither Secured Party shall be required to perform or discharge any obligation of the Grantor.

Appears in 1 contract

Samples: Security Agreement (TimefireVR Inc.)

Secured Parties May Perform. If any Grantor of Grantors 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.

Appears in 1 contract

Samples: Security Agreement (Generex Biotechnology Corp)

Secured Parties May Perform. If any Grantor fails to perform any agreement contained herein, upon the occurrence and during the continuance of an Event of Default 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.

Appears in 1 contract

Samples: Security Agreement (Aura Systems Inc)

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