Common use of Administrative Agent May Perform Clause in Contracts

Administrative Agent May Perform. If any of the Grantors fails to perform any agreement contained herein, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne by such Grantor.

Appears in 3 contracts

Sources: Credit Agreement (Audio Book Club Inc), Credit Agreement (Inphynet South Broward Inc), Intellectual Property Security Agreement (Mediabay Inc)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within 30 days after written notice from the Administrative Agent, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such Grantorthe Grantor pursuant to Section 6.2.

Appears in 2 contracts

Sources: Credit Agreement (Wilson Greatbatch Technologies Inc), Security Agreement (Pasta Group L L C)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within five Business Days after written notice from the Administrative Agent, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such GrantorGrantor pursuant to Section 11.3 of the Credit Agreement.

Appears in 2 contracts

Sources: Subsidiary Security and Pledge Agreement (Associated Materials Inc), Subsidiary Security and Pledge Agreement (AMH Holdings, Inc.)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein and such failure is not remedied to the satisfaction of the Administrative Agent within 15 days after being notified thereof, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such GrantorGrantors under Section 18(b).

Appears in 2 contracts

Sources: Security Agreement (Hexcel Corp /De/), Security Agreement (Hexcel Corp /De/)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within 30 days after written notice from the Administrative Agent, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such GrantorGrantor pursuant to Section 6.2.

Appears in 2 contracts

Sources: Credit Agreement (Wilson Greatbatch Technologies Inc), Security Agreement (Pasta Group L L C)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within five Business Days after written notice from the Administrative Agent, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such Grantorthe Grantor pursuant to Section 11.3 of the Credit Agreement.

Appears in 2 contracts

Sources: Borrower Security and Pledge Agreement (Associated Materials Inc), Borrower Security and Pledge Agreement (AMH Holdings, Inc.)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within 30 days after written notice from the Administrative Agent, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such Grantorthe Grantor pursuant to Section 6.4.

Appears in 1 contract

Sources: Credit Agreement (United Surgical Partners International Inc)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within 30 days after written notice from the Administrative Agent, the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent incurred in connection therewith shall be borne payable by such GrantorGrantor pursuant to Section 6.4.

Appears in 1 contract

Sources: Credit Agreement (United Surgical Partners International Inc)

Administrative Agent May Perform. If any of the Grantors Grantor fails to perform any agreement contained hereinherein within a reasonable time after receipt of a written request to do so from the Administrative Agent, upon five (5) Business Days prior written notice the Administrative Agent may itself, upon fifteen (15) days' notice to such Grantor, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Administrative Agent Agent, including, without limitation, the reasonable fees and out-of-pocket expenses of its counsel, incurred in connection therewith therewith, shall be borne payable by such Grantorthe Grantor in accordance with Section 10.04 of the Credit Agreement and shall be considered Obligations.

Appears in 1 contract

Sources: Security Agreement (Jetblue Airways Corp)