The Collateral Agent May Perform. If the Pledgor fails to perform any agreement contained herein, the Collateral Agent may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Pledgor under Section 14(b).
Appears in 4 contracts
Samples: Note Purchase Agreement (Econophone Inc), Shareholder Pledge Agreement (Econophone Inc), Shareholder Pledge Agreement (Econophone Inc)
The Collateral Agent May Perform. If the any Pledgor fails to perform any agreement contained herein, the Collateral Agent may (but shall not be obligated to) itself perform, or cause performance of, such agreementagreement for the benefit of the Secured Parties and itself and not for such Pledgor, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Pledgor under Pledgors pursuant to Section 14(b)6.5.
Appears in 2 contracts
Samples: Pledge Agreement (Lee Enterprises, Inc), Pledge Agreement (Lee Enterprises, Inc)
The Collateral Agent May Perform. If the any Pledgor fails to perform any agreement contained herein, the Collateral Agent may (but shall not be obligated to) itself perform, or cause performance of, such agreement, agreement for the benefit of the Secured Parties and itself and not for such Pledgor and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Pledgor under Pledgors pursuant to Section 14(b)6.5.
Appears in 2 contracts
Samples: Pledge Agreement (ZaZa Energy Corp), Pledge Agreement (Lee Enterprises, Inc)
The Collateral Agent May Perform. If the Pledgor fails to perform any agreement contained hereinherein or make payment of any amount required hereunder, the Collateral Agent may (but shall not be obligated to) itself perform, or cause performance of, such agreementor provide payment for the performance thereof, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Pledgor under Section 14(b)15 of this Agreement and any such payment made shall be deemed an advance by the Collateral Agent to the Pledgor, payable on demand together with interest at the interest rate then payable under the Indenture.
Appears in 2 contracts
Samples: Pledge Agreement (Cd Radio Inc), Security Agreement (Xm Satellite Radio Inc)
The Collateral Agent May Perform. If the Pledgor fails to perform any agreement contained hereinherein or make payment of any amount required hereunder, the Collateral Agent may (but shall not be obligated to) itself perform, or cause performance of, such agreementor provide payment for the performance thereof, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Pledgor under Section 14(b)15 of this Agreement and any such payment made shall be deemed an advance by the Collateral Agent to the Pledgor, payable on demand together with interest at the interest rate then payable under the Original Indenture.
Appears in 2 contracts
Samples: Security Agreement (Xm Satellite Radio Inc), Security Agreement (Xm Satellite Radio Inc)
The Collateral Agent May Perform. If the Pledgor fails to perform any agreement contained herein, the Collateral Agent may (but shall not be obligated to) itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Pledgor under Section 14(b15(e).
Appears in 1 contract
