Common use of Secured Party Performance of Debtor Obligations Clause in Contracts

Secured Party Performance of Debtor Obligations. Without having any obligation to do so, after the occurrence and during the continuation of an Event of Default, the Administrative Agent may perform or pay any obligation which any Obligor has agreed to perform or pay in this Agreement and the Obligors shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 8.4. The Obligors’ obligation to reimburse the Administrative Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.

Secured Party Performance of Debtor Obligations. Without having any obligation to do so, after the occurrence and during the continuation of an Event of Default, the Administrative Agent may perform or pay any obligation which any Obligor the Borrower has agreed to perform or pay in this Security Agreement and the Obligors Borrower shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 8.48.3. The Obligors’ Borrower's obligation to reimburse the Administrative Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.

Secured Party Performance of Debtor Obligations. Without having any obligation to do so, after the occurrence and during the continuation of an Event of Default, the Administrative Agent may perform or pay any obligation which any Obligor the Borrower has agreed to perform or pay in this Security Agreement and the Obligors Borrower shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 8.48.3. The Obligors’ Borrower’s obligation to reimburse the Administrative Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.