Security Trustee May Perform. If any Grantor fails to perform any agreement contained in this Agreement, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall be payable by the Grantors.
Appears in 4 contracts
Samples: Security Trust Agreement (Willis Lease Finance Corp), Security Trust Agreement (International Lease Finance Corp), Security Trust Agreement (Aircraft Finance Trust)
Security Trustee May Perform. If any the Grantor fails to perform any agreement contained in this Agreementherein, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance ofto be performed, such agreement, and the expenses of the Security Trustee incurred in connection with doing so therewith shall be payable by the GrantorsGrantor.
Appears in 3 contracts
Samples: General Security Agreement (NRG Generating U S Inc), General Security Agreement (NRG Generating U S Inc), General Security Agreement (NRG Generating U S Inc)
Security Trustee May Perform. If any Grantor fails to perform or comply with any agreement contained in this AgreementAgreement or any other Related Document, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall be payable by deemed an Expense, to be paid out of Available Collections on the Grantorsnext succeeding Payment Date in accordance with Section 3.09 of the Indenture.
Appears in 3 contracts
Samples: Security Trust Agreement (Willis Lease Finance Corp), Security Trust Agreement (Willis Lease Finance Corp), Security Trust Agreement (Willis Lease Finance Corp)
Security Trustee May Perform. If any Grantor fails to perform any agreement contained in this Agreement, the Security Trustee may (but shall not be obligated to) after such prior notice to such Grantor as may be reasonable under the circumstances, itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall be payable by the GrantorsIssuer.
Appears in 2 contracts
Samples: Lease Agreement (General Electric Capital Corp), Aircraft Mortgage and Security (General Electric Capital Corp)
Security Trustee May Perform. If any Grantor fails to perform any agreement contained in this Agreementherein, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so therewith shall be payable by the Grantorssuch Grantor.
Appears in 2 contracts
Samples: Security Trust Agreement (Morgan Stanley Aircraft Finance), Security Trust Agreement (Aerco LTD)
Security Trustee May Perform. If any Grantor fails to perform any agreement contained in this Agreement, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall be payable by the Grantorssuch Grantor.
Appears in 2 contracts
Samples: Security Trust Agreement (Babcock & Brown Air LTD), Security Trust Agreement (Genesis Lease LTD)
Security Trustee May Perform. If any Grantor fails to perform any agreement contained in this Agreement, the Security Trustee may (but shall not be obligated to) after such prior notice as may be reasonable under the circumstances, itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall be payable by the Grantors.
Appears in 1 contract
Samples: Aircraft Lease Agreement (International Lease Finance Corp)
Security Trustee May Perform. If any Grantor fails to perform or comply with any agreement contained in this AgreementAgreement or any other Related Document, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall be payable by deemed an Expense, to be paid out of Available Collections on the Grantors.next succeeding Payment Date in accordance with Section 3.09
Appears in 1 contract
Samples: Mortgage and Security Agreement (Willis Lease Finance Corp)
Security Trustee May Perform. If any the Grantor fails to perform or comply with any agreement contained in this Agreement, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the out-of-pocket expenses of the Security Trustee incurred in connection with doing so shall be payable by deemed an Administration Expense (as defined in the GrantorsIntercreditor Agreement), to be paid out of the Collection Account on the next succeeding Payment Date in accordance with the Loan Agreement and the Intercreditor Agreement, as applicable.
Appears in 1 contract
Security Trustee May Perform. If any Grantor fails to perform or comply with any agreement contained in this AgreementAgreement or any other Related Document, the Security Trustee may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee incurred in connection with doing so shall #4821-3610-4420v6 be payable by deemed an Expense, to be paid out of Available Collections on the Grantorsnext succeeding Payment Date in accordance with Section 3.09 of the Indenture.
Appears in 1 contract
Samples: Security Trust Agreement (Willis Lease Finance Corp)
Security Trustee May Perform. If any Grantor fails to perform any agreement contained in this Agreement, the Administrative Agent or the Security Trustee (at the direction of the Administrative Agent) may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Security Trustee or the Administrative Agent incurred in connection with doing so shall be payable by the Grantors.
Appears in 1 contract
