Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Borrower has agreed to perform or pay in this Security Agreement and the Borrower shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 7.4. The Borrower's obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Borrower Loan Party has agreed to perform or pay in this Security Agreement and the Borrower Loan Parties shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 7.4Section. The Borrower's Loan Parties’ obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Credit and Security Agreement (Hudson Executive Investment Corp.), Credit and Security Agreement (Hudson Executive Investment Corp.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Borrower Debtor has agreed to perform or pay in this Security Agreement and the Borrower Debtor shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 7.48.3. The Borrower's Debtor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Mobility Electronics Inc)
