Secured Party May Perform Agreements. If the Grantor fails to perform any agreement contained herein, the Secured Party may itself, at Grantor’s expense, perform such agreement; provided, however, that any such action by the Secured Party shall not be deemed to be a waiver of any Event of Default or Default. The powers conferred on the Secured Party hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. The Secured Party shall have no duty as to any Collateral not in its possession.
Appears in 13 contracts
Samples: Management Services Agreement, Management Services Agreement (Virtual Radiologic CORP), Management Services Agreement (Virtual Radiologic CORP)
