Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under this Security Agreement and such Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 6 contracts
Samples: Pledge and Security Agreement (American Tire Distributors Holdings, Inc.), Pledge and Security Agreement (American Tire Distributors Holdings, Inc.), Credit Agreement (Nexeo Solutions Finance Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance existence of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.48.4. Each Grantor’s The Grantors’ obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 2 contracts
Samples: Security Agreement (Pinstripes Holdings, Inc.), Pledge and Security Agreement (Banyan Acquisition Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the either Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement to the extent Grantors fail to do so and such Grantor the Grantors shall reimburse the such Agent for any amounts paid by the such Agent pursuant to this Section 7.48.4. Each Grantor’s The Grantors' obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demandpromptly and in any event within ten (10) days after written demand therefor.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Dura Automotive Systems Inc), Credit Agreement (Dura Automotive Systems Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any the Grantor has agreed to perform or pay under in this Security Agreement and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.48.4. Each Grantor’s The Grantors’ obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Wanxiang Group Corp), Pledge and Security Agreement (A123 Systems, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under this Security Agreement and such the Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.411.5. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Neiman Marcus Group Inc), Pledge and Security Agreement (Neiman Marcus, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and Agent may, during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under this Security Agreement and such the Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.47.04. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Am-Source, LLC), Pledge and Security Agreement (Am-Source, LLC)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under this Security Agreement and such the Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Neiman Marcus Group Inc), Pledge and Security Agreement (Neiman Marcus, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.48.4. Each Grantor’s The Grantors’ obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Action Performance Companies Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Pledge Agreement and such Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.47.3. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Membership Interest Pledge Agreement (Nevada Gold & Casinos Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement and such each Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand8.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand8.
Appears in 1 contract
Samples: Pledge and Security Agreement (Newpark Resources Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any the Grantor has agreed to perform or pay under in this Security Agreement and such the Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.48.3. Each The Grantor’s 's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Credit Agreement (Matrix Service Co)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand7.
Appears in 1 contract
Samples: Pledge and Security Agreement (Daktronics Inc /Sd/)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has the Grantors have agreed to perform or pay under in this Security Agreement and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand8.
Appears in 1 contract
Samples: Security Agreement (Daisytek International Corporation /De/)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under this Security Agreement in the Loan Documents and such Grantor the Grantors shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.49.4. Each Grantor’s The Grantors’ obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Loan Agreement (Horizon Global Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement and such Grantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 7.48.3. Each Such Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Nevada Gold & Casinos Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the either Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under in this Security Agreement to the extent Grantors fail to do so and such Grantor the Grantors shall reimburse the such Agent for any amounts paid by the such Agent pursuant to this Section 7.4. Each Grantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand8.
Appears in 1 contract
