Bank May Perform Clause Samples
The "Bank May Perform" clause authorizes the bank to take certain actions on behalf of the customer if the customer fails to fulfill specific obligations under the agreement. Typically, this means that if the customer neglects to make a required payment or perform a necessary task, the bank can step in to complete the action itself, often at the customer's expense. This clause ensures that the bank's interests are protected and that contractual obligations are met, even if the customer is non-compliant, thereby reducing the risk of default or disruption to the agreement.
Bank May Perform. If Pledgor fails to perform any agreement contained herein, the Bank may (but shall not be obligated to) perform, or cause performance of, such agreement. Pledgor shall reimburse the Bank on demand for any amounts paid or any expenses incurred by the Bank in connection therewith.
Bank May Perform. If Borrower fails to perform any agreement contained herein, then Bank may itself perform, or cause performance of, such agreement, and the expenses of Bank incurred in connection therewith shall be payable by Borrower; provided, that to the extent practicable and permitted by law, Bank shall give Borrower prior notice of its intention to perform for Borrower.
Bank May Perform. If the Grantor fails to perform any agreement contained herein, the Bank may itself perform, or cause performance of, such agreement, and the expenses of the Bank incurred in connection therewith shall be payable by the Grantor under Subsection 14.2.
Bank May Perform. If the Pledgor fails to perform any agreement contained herein, the Bank may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Bank incurred in connection therewith shall be payable by the Pledgor under Section 14.
Bank May Perform. If any Grantor fails to perform any obligation under or in connection with this Agreement, the Bank may itself perform or cause performance of such obligation, and the expenses of the Bank incurred in connection therewith shall be payable by the Grantors pursuant to Section 6.4. The Bank may from time to time take any other action which the Bank deems necessary or appropriate for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.
Bank May Perform. (A) If Borrower fails to perform any of its obligations contained herein, Bank may itself perform, or cause performance of, such obligation, and the expenses of Bank incurred in connection therewith shall be payable by Borrower under Paragraph 12(B).
(B) Bank, or its designated representatives, shall have the right, at all times, to inspect Borrower's premises and to examine books, records and operations relating to the Patent Collateral.
(C) Bank shall have the right, but in no way shall be obligated, to bring suit in its own name or in the name of Borrower to enforce any part of the Patent Collateral. Borrower shall at the reasonable request of Bank do any and all lawful acts and execute any and all proper documents required by Bank in aid of such enforcement. Upon demand, Borrower shall promptly reimburse and indemnify Bank for all costs and expenses incurred by Bank in the exercise of its rights under this Paragraph.
Bank May Perform. (A) If Borrower fails to perform any of its obligations contained herein, Bank may itself perform, or cause performance of, such obligations, and the expenses of Bank incurred in connection therewith shall be payable by Borrower under Paragraph 10(B).
(B) Bank, or its designated representatives, shall have the right, at all times, to inspect Borrower's premises and to examine Borrower's books, records and operations relating to the Trademark Collateral.
Bank May Perform. If Grantor fails to perform any agreement contained herein, Bank may itself perform (but is not required to perform) or cause performance of, such agreement, and the expenses of Bank incurred in connection therewith shall be payable by Grantor upon Bank’s demand. If Grantor does not reimburse Bank, such amounts paid will become part of the Subject Debt and will be secured hereunder. The powers conferred on Bank hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers.
Bank May Perform. If the Pledgor fails to perform any agreement contained herein and the applicable grace period, if any, expires, the Bank may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Bank incurred in connection therewith shall be payable by the Pledgor under ss.15 hereof.
Bank May Perform. If the Pledgor fails to perform any obligation under or in connection with this Agreement, the Bank may (but shall have no duty to) itself perform or cause performance of such obligation, and the reasonable expenses of the Bank incurred in connection therewith shall be payable by the Pledgor pursuant to Section 6.4. The Bank may from time to time take any other action which the Bank deems necessary or appropriate for the maintenance, preservation or protection of any of the Collateral or of its security interest therein.