Administrator May Perform. If Borrower fails to perform any agreement contained herein, Administrator (for the benefit of the Secured Parties) may itself perform, or cause performance of such agreement, and the expenses of Administrator incurred in connection therewith shall be payable by Borrower.
Administrator May Perform. If Borrower fails to perform any agreement contained herein, Administrator (for the benefit of the Secured Parties) may itself perform, or cause performance of such agreement, and the expenses of Administrator incurred in connection therewith shall be payable by Borrower. Release of Collateral . Administrator's (for the benefit of the Secured Parties) right, title and interest in the Collateral shall be released effective on the date occurring after the Commitment Termination Date on which all Secured Obligations shall have been finally and fully paid and performed. INCREASED COSTS, ETC.
Administrator May Perform. 25 SECTION 5.4 RELEASE OF COLLATERAL....................................................................... 25 ARTICLE VI INCREASED COSTS, ETC. ....................................................................... 26
Administrator May Perform. (a) If the Pledgor fails to perform any agreement contained herein to be performed by it, the Administrator may, upon the written instructions of the Required Lenders, itself file, record, make, execute and deliver all such notices, instruments, statements and other documents, and take such acts, as the Required Lenders may determine to be necessary or desirable from time to time to perfect, preserve or otherwise protect the security interest of the Administrator, for the benefit of itself and the Lenders and otherwise perform, or cause performance of, any other such actions as the Required Lenders shall determine are necessary or desirable, and the reasonable expenses of the Administrator incurred in connection therewith shall be payable by the Pledgor and shall be part of the Secured Obligations. (b) The Pledgor hereby irrevocably appoints the Administrator the Pledgor's attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, with full power of substitution, at any time when any Event of Default shall have occurred and be continuing, to take any action and to execute any instrument from time to time in accordance with the written instructions of the Required Lenders which the Required Lenders may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: (i) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and xxceipts for moneys due and to become due under or in respect of any of the Collateral; (ii) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, if any, in connection with clause (i) above; and (iii) to file any claims or take any action or institute any proceedings which the Required Lenders may deem necessary for the collection of any of the Collateral or otherwise to enforce the rights of the Administrator with respect to any of the Collateral. 7.7 Form U-1. The Pledgor covenants to execute and deliver a Form U-1 to any Lender requesting the delivery thereof, together with any updates thereof reasonably requested by such Lender.
