Common use of Secured Party Performance Clause in Contracts

Secured Party Performance. If the Debtor fails to perform any covenant contained herein, the Secured Party may itself perform, or cause performance of, such covenant, and the Debtor shall pay for the expenses of the Secured Party incurred in connection therewith in accordance with Section 7.01.

Appears in 2 contracts

Samples: Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD)

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Secured Party Performance. If the Debtor fails Parties fail to perform any covenant contained herein, the Secured Party may itself perform, or cause performance of, such covenant, and the Debtor Parties shall pay for the expenses of the Secured Party incurred in connection therewith in accordance with Section 7.01therewith.

Appears in 1 contract

Samples: Security Agreement (Corzon Inc)

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Secured Party Performance. If the Debtor fails to perform any covenant contained herein, the Secured Party may itself perform, or cause performance of, such covenant, and the such Debtor shall pay for the reasonable expenses of the Secured Party incurred in connection therewith in accordance with Section 7.018.1.

Appears in 1 contract

Samples: Security Agreement (Probex Corp)

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