Secured Party Performance of Debtor Obligations. Without having any obligation to do so, Lender may perform or pay any obligation which the Loan Party has agreed to perform or pay in this Agreement and the Loan Parties shall reimburse Lender for any amounts paid by Lender pursuant to this Section. The Loan Parties’ obligation to reimburse Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Credit and Security Agreement (Hudson Executive Investment Corp.), Credit and Security Agreement (Hudson Executive Investment Corp.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Loan Party Borrower has agreed to perform or pay in this Security Agreement and the Loan Parties Borrower shall reimburse the Lender for any amounts paid by the Lender pursuant to this SectionSection 7.4. The Loan Parties’ Borrower's obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, Lender if an Event of Default has occurred and is continuing, the Secured Party may perform or pay any obligation which the Loan Party Debtor has agreed to perform or pay in this Security Agreement and the Loan Parties Debtor shall reimburse Lender the Secured Party for any amounts paid by Lender the Secured Party pursuant to this SectionSection 8.4. The Loan Parties’ Debtor’s obligation to reimburse Lender the Secured Party pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Security Agreement (Roth CH Acquisition I Co. Parent Corp.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Loan Party Debtor has agreed to perform or pay in this Security Agreement and the Loan Parties Debtor shall reimburse the Lender for any amounts paid by the Lender pursuant to this SectionSection 8.3. The Loan Parties’ Debtor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Mobility Electronics Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, Lender the Bank may perform or pay any obligation which the Loan Party Debtor has agreed to perform or pay in this Security Agreement and the Loan Parties Debtor shall reimburse Lender the Bank for any amounts paid by Lender the Bank pursuant to this SectionSection 8.3. The Loan Parties’ Debtor’s obligation to reimburse Lender the Bank pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, Lender Secured Party may perform or pay any obligation which the Loan Party Debtor has agreed to perform or pay in this Agreement and the Loan Parties Debtor shall reimburse Lender Secured Party for any amounts paid by Lender Secured Party pursuant to this SectionSection 7.4. The Loan Parties’ Debtor's obligation to reimburse Lender Secured Party pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Security Agreement (Natural Gas Services Group Inc)
