The Administrative Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Administrative Agent, upon written notice to the Grantor if practicable, may itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall constitute an Obligation payable by the Grantor on demand.
Appears in 10 contracts
Samples: Security Agreement (Barneys New York Inc), Security Agreement (Barneys New York Inc), Security Agreement (Barneys New York Inc)
The Administrative Agent May Perform. If the Grantor fails to perform any agreement contained hereinherein or in the Credit Agreement, the Administrative AgentAgent may, upon written three days' prior notice to the Grantor if practicableGrantor, may itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall constitute an Obligation be payable by the Grantor on demandunder Section 22.
Appears in 3 contracts
Samples: Security Agreement (Brightpoint Inc), Security Agreement (Brightpoint Inc), Credit Agreement (Brightpoint Inc)
The Administrative Agent May Perform. If any of the Grantor Grantors fails to perform any agreement contained herein, the Administrative Agent, upon written notice to the such Grantor if practicable, may itself perform, or cause performance of, such agreement, and the expenses of the Administrative Agent incurred in connection therewith shall constitute an Obligation payable by the such Grantor on demand.
Appears in 1 contract
