Common use of Secured Parties May Perform Clause in Contracts

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.

Appears in 3 contracts

Samples: Security Agreement (Perfect Moment Ltd.), Security Agreement (Perfect Moment Ltd.), Security Agreement (Perfect Moment Ltd.)

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Secured Parties May Perform. If the Borrower fails to perform any agreement obligation contained hereinin this Agreement, any each Secured Party Party, subject to the Intercreditor Agreement, may itself perform, or cause performance of, such agreementobligation, and the reasonable expenses of such Secured Party incurred in connection therewith shall be payable by the Borrower; provided that no Secured Party shall be required to perform or discharge any obligation of the Borrower.

Appears in 1 contract

Samples: Control Agreement (DPW Holdings, Inc.)

Secured Parties May Perform. If the Borrower any Debtor fails to perform any agreement contained herein, any Secured Party Parties, for the benefit of Secured Parties, may itself perform, or cause performance of, such agreement, and the reasonable expenses of such Secured Party Parties incurred in connection therewith shall be payable by the BorrowerDebtor.

Appears in 1 contract

Samples: Pledge and Security Agreement (Tri Valley Corp)

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Secured Parties May Perform. If the Borrower any Debtor fails to perform any agreement agreement, covenant or obligation contained herein, any the Secured Party Parties may itself themselves perform, or cause performance of, of such agreement, covenant or obligation and the reasonable expenses and costs of such the Secured Party Parties incurred in connection therewith shall be payable by the Borrowersuch Debtor.

Appears in 1 contract

Samples: Security Agreement (Globix Corp)

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