Common use of Secured Parties May Perform Clause in Contracts

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.

Appears in 1 contract

Samples: Security Agreement (Velocity Express Corp)

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Secured Parties May Perform. If the Company fails to perform any agreement contained herein, the Secured Parties Parties, at their option, may themselves perform, or cause performance of, such agreement, and the expenses of the Secured Parties incurred in connection therewith shall be included in the Obligations secured hereby and payable by the CompanyCompany under Section 8.3.

Appears in 1 contract

Samples: Security Agreement (Inferx Corp)

Secured Parties May Perform. If the Company fails to perform any agreement contained herein, the Secured Parties Parties, at their option, may itself perform, or cause performance of, such agreement, and the expenses of the Secured Parties incurred in connection therewith shall be included in the Obligations secured hereby and payable by the CompanyCompany under Section 8.3.

Appears in 1 contract

Samples: Security Agreement (Inferx Corp)

Secured Parties May Perform. If the Company fails to perform any agreement contained herein, the each Secured Parties Party may itself perform, or cause performance of, such agreement, and the expenses of the such Secured Parties Party incurred in connection therewith shall be payable reimbursed by the CompanyCompany promptly.

Appears in 1 contract

Samples: Security Agreement (Unigene Laboratories Inc)

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Secured Parties May Perform. If the Company Debtor fails to perform any agreement contained herein, the Secured Parties Parties, at each of their respective option, may itself perform, or cause performance of, such agreement, and the expenses of the Secured Parties incurred in connection therewith shall be included in the Obligations secured hereby and payable by the CompanyDebtor under section 10.3 herein.

Appears in 1 contract

Samples: Security Agreement (Smartire Systems Inc)

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