Trustee May Perform. If Pledgor fails to perform any agreement contained herein, Trustee may itself perform, or cause performance of, such agreement, and the expenses of Trustee incurred in connection therewith shall be a part of the Secured Obligations.
Appears in 4 contracts
Samples: Subordinated Pledge Agreement (Cast Alloys Inc), Subordinated Pledge Agreement (Cast Alloys Inc), Subordinated Pledge Agreement (Cast Alloys Inc)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may may, but shall not be obligated to, itself perform, perform or cause performance of, of such agreement, and the reasonable expenses incurred by or on behalf of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13 hereof.
Appears in 3 contracts
Samples: Collateral Pledge and Security Agreement (Seven Seas Petroleum Inc), Collateral Pledge and Security Agreement (Cd Radio Inc), Collateral Pledge and Security Agreement (Northeast Optic Network Inc)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may itself perform, or cause the performance of, such agreement, and the reasonable fees and expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13 hereof.
Appears in 2 contracts
Samples: Collateral Pledge and Security Agreement (RSL Communications PLC), Collateral Pledge and Security Agreement (RSL Communications PLC)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, agreement and the expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor in accordance with Section 12.
Appears in 1 contract
Samples: Pledge Agreement (Windsor Woodmont Black Hawk Resort Corp)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may may, but shall not be required to, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13 hereof.
Appears in 1 contract
Samples: Custody and Security Agreement (Superior Financial Corp /Ar/)
Trustee May Perform. If either the Company or the Pledgor fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsCompany and the Pledgor under Section 13 hereof.
Appears in 1 contract
Samples: Collateral Pledge and Security Agreement (Tv Filme Inc)
Trustee May Perform. If the Pledgor fails to perform any agreement contained hereinherein in accordance with the terms hereof, the Trustee may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13 hereof.
Appears in 1 contract
Samples: Collateral Pledge and Security Agreement (MGC Communications Inc)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, but the Trustee shall not be obligated to do so, and the expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 14. SECTION 12.
Appears in 1 contract
Samples: Account Agreement Investment Account Agreement (Teekay Shipping Corp)
Trustee May Perform. If the Pledgor fails to perform ------------------- any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13 hereof.
Appears in 1 contract
Samples: Collateral Pledge and Security Agreement (Trans World Airlines Inc /New/)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, but the Trustee shall not be obligated to do so, and the expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13. SECTION 11.
Appears in 1 contract
Samples: Collateral Account Agreement (Teekay Shipping Corp)
Trustee May Perform. If Pledgor fails to perform any agreement contained herein, Trustee the Trustee, subject to the limitations in this Agreement, below, may itself perform, or cause performance of, such agreement, and the expenses of Trustee the Trustee, including the fees and expenses of its counsel, incurred in connection therewith shall be a part of the Secured Obligationspayable by Pledgor.
Appears in 1 contract
Samples: Security and Pledge Agreement (North American Vaccine Inc)
Trustee May Perform. If the Pledgor fails to perform any agreement contained herein, the Trustee may itself perform, or cause the performance of, such agreement, and the reasonable expenses of the Trustee incurred in connection therewith shall be a part of payable by the Secured ObligationsPledgor under Section 13 hereof.
Appears in 1 contract
Samples: Collateral Pledge and Security Agreement (Orionnet Finance Corp)
