The Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender may itself perform, or cause performance of, such agreement after reasonable notice to the Grantor to the extent practicable, and the expenses of the Lender incurred in connection therewith shall be payable by the Grantor under Section 11.
The Lender May Perform. If any Grantor fails to perform any covenant or agreement herein, the Lender may itself perform, or cause performance of, such covenant or agreement, and the expenses of the Lender incurred in connection therewith shall be payable by Grantor.
The Lender May Perform. If the Company fails to perform any agreement contained herein, the Lender may, without notice to the Company, itself perform, or cause performance of, such agreement, and the expenses of the Lender incurred in connection therewith shall be payable by the Company under Section 12 hereof.
The Lender May Perform. If the Debtor fails to perform any agreement contained herein after receipt of a written request to do so from the Lender, the Lender may itself (upon ten (10) days’ prior written notice to the Debtor unless the Lender in good faith determines that immediate payment or performance is reasonably necessary to protect or preserve the Collateral), but shall not be obligated to, perform, or cause performance of, such agreement, and the reasonable expenses of the Lender, including the reasonable fees and expenses of its counsel, so incurred in connection therewith shall be payable by the Debtor.
The Lender May Perform the Lender Appointed Attorney-in-Fact. ------------------------------------------------------------- If Pledgor shall fail to do any act or thing that it has covenanted to do hereunder or any warranty on the part of Pledgor contained herein shall be breached, the Lender may (but shall not be obligated to) do the same or cause it to be done or remedy any such breach, and may expend funds for such purpose. Any and all amounts so expended by the Lender shall be paid by Pledgor promptly upon demand therefor, with interest at the highest rate then in effect under the Notes during the period from and including the date on which such funds were so expended to the date of repayment. Pledgor's obligations under this Section 12 shall survive the termination of this Agreement and the discharge of Pledgor's other obligations hereunder. Pledgor hereby appoints the Lender its attorney-in- fact with an interest, with full authority in the place and stead of Pledgor and in the name of Pledgor, or otherwise, from time to time in the Lender's reasonable discretion to take any action and to execute any instruments consistent with the terms of this Agreement and the other Loan Documents which the Lender may deem necessary or advisable to accomplish the purposes of this Agreement. The foregoing grant of authority is a power of attorney coupled with an interest and such appointment shall be irrevocable for the term of this Agreement. Pledgor hereby ratifies all that such attorney shall lawfully do or cause to be done by virtue hereof.
The Lender May Perform. If any Guarantor fails to perform any agreement contained herein, the Lender may, without notice to any Guarantor, itself perform, or cause performance of, such agreement, and the expenses of the Lender incurred in connection therewith shall be payable by the Guarantors under Section 12 hereof.
The Lender May Perform. If Pledgor fails to perform any agreement contained herein, the Lender may itself perform or cause the performance of such agreement, and the expenses of the Lender incurred in connection therewith, plus interest at the default rate specified in the Credit Agreement from the date of such advance to the date of reimbursement, shall be payable by the Pledgor under SECTION 14. However, nothing in this Agreement shall obligate the Lender to act.
The Lender May Perform. At any time that an Event of Default of Borrower has occurred and is continuing, the Borrower hereby appoints any officer or agent of the Lender as the Borrower's true and lawful attorney-in-fact with full authority in the place and stead of the Borrower and in the name of the Lender or otherwise, from time to time in the Lender's discretion, to take any action and to execute any agreements, documents and instruments which the Lender may deem necessary or advisable to accomplish the purposes of this Pledge Agreement. The powers conferred on the Lender hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon the Lender to exercise any such powers.
The Lender May Perform. If the Borrower fails to perform any agreement contained herein, at the Lender's option, the Lender may itself perform, or cause performance of, such agreement. The Borrower agrees to reimburse the Lender on demand for any payment made or any expense incurred by the Lender pursuant to the foregoing authorization. Until default under the Loan Agreement or under this S ecurity Agreement, the Borrower may have possession of the Collateral and use it in any lawful manner not inconsistent with this Security Agreement and not inconsistent with any policy of insurance thereon.
The Lender May Perform. If the Borrower fails to perform any agreement contained herein, then, upon ten (10) days prior written notice, the Lender may itself perform, or cause performance of, such agreement, and the reasonable and documented expenses of the Lender incurred in connection therewith shall be payable by the Borrower.
