Common use of Administrative Agent Performance of Company Obligations Clause in Contracts

Administrative Agent Performance of Company Obligations. The Administrative Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under or in connection with this Agreement, and which such Grantor has failed to perform or pay as and when due, and such Grantor shall reimburse the Administrative Agent on demand for any amounts paid by the Administrative Agent pursuant to this Section 8.

Appears in 3 contracts

Samples: Amended and Restated Security Agreement (Pacer International Inc), Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)

AutoNDA by SimpleDocs

Administrative Agent Performance of Company Obligations. The Administrative Agent may perform or pay any obligation which any Grantor has agreed to perform or pay under or in connection with this Agreement, and which such Grantor has failed to perform or pay as and when due, and such Grantor shall reimburse the Administrative Agent on demand for any amounts paid by the Administrative Agent pursuant to this Section 87.

Appears in 1 contract

Samples: Security Agreement (Pacer International Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.