Common use of The Agent May Perform Clause in Contracts

The Agent May Perform. If the Grantor fails to perform any agreement contained herein, in the Guarantees, in the Credit Agreements or in the Note Agreements, the Agent may, upon three days' prior notice to the Grantor, perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 22.

Appears in 4 contracts

Samples: Guarantor Security Agreement (Ag-Chem Equipment Co Inc), Guarantor Security Agreement (Ag-Chem Equipment Co Inc), Guarantor Security Agreement (Ag-Chem Equipment Co Inc)

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The Agent May Perform. If the Grantor fails to perform any agreement contained herein, in the Guarantees, in the Credit Agreements or in the Note Agreements, the Agent mayAgent, upon three days' prior written notice to the GrantorGrantor if practicable, may itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 2215 hereof.

Appears in 2 contracts

Samples: Pledge Agreement (Anntaylor Inc), Credit Agreement (Anntaylor Inc)

The Agent May Perform. If the Grantor fails to perform any agreement contained herein, in the Guarantees, in the Credit Agreements or in the Note Agreements, the Agent mayAgent, upon three days' prior written notice to the GrantorGrantor if practicable, may itself perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 2214 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Anntaylor Inc), Borrower Pledge Agreement (Anntaylor Inc)

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The Agent May Perform. If the Grantor fails to perform any agreement contained herein, in the Guarantees, herein or in the Credit Agreements or in the Note Agreements, the Agent may, upon three days' prior notice to the Grantor, perform, or cause performance of, such agreement, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 22.

Appears in 1 contract

Samples: Security Agreement (Ag-Chem Equipment Co Inc)

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