Common use of Trustee May Perform Clause in Contracts

Trustee May Perform. If the Company fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Company under Section 23(b) hereof.

Appears in 2 contracts

Samples: Security Agreement (Louisiana Casino Cruises Inc), Security Agreement (Louisiana Casino Cruises Inc)

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Trustee May Perform. If the Company fails to perform any agreement contained herein, the Trustee may itself perform, but shall not be obligated to, or cause performance of, such agreement, and the reasonable expenses of the Trustee incurred in connection therewith shall be payable by the Company under Section 23(b) 13 hereof.

Appears in 2 contracts

Samples: Escrow Agreement (Global Telesystems Group Inc), Escrow Agreement (Hermes Europe Railtel B V)

Trustee May Perform. If the Company fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Company under pursuant to Section 23(b) hereof6.4.

Appears in 1 contract

Samples: Company Pledge Agreement (MFN Financial Corp)

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Trustee May Perform. If the Company fails to perform any agreement contained herein, the Trustee may itself perform, or cause performance of, such agreement, and the expenses of the Trustee incurred in connection therewith shall be payable by the Company under Section 23(b) hereofpursuant to SECTION 6.4.

Appears in 1 contract

Samples: Company Security Agreement (Mercury Finance Co)

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