Collateral Agent May Perform. If the Debtor fails to perform any obligation contained in this Agreement, the Collateral Agent may himself perform, or cause performance of, such obligation, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the Debtor.
Appears in 3 contracts
Samples: Security Agreement (Quest Solution, Inc.), Security Agreement (Quest Solution, Inc.), Security Agreement (Quest Solution, Inc.)
Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself may, but without any obligation to do so and without notice, itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrower under Section 23.
Appears in 3 contracts
Samples: Credit Agreement (Puget Energy Inc /Wa), Collateral Agency Agreement (Puget Energy Inc /Wa), Collateral Agency Agreement (Puget Sound Energy Inc)
Collateral Agent May Perform. If the Debtor either Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself may, but without any obligation to do so, itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform such Borrower under Article XI or discharge any obligation of the DebtorSection 11.04.
Appears in 2 contracts
Samples: Consent and Agreement (Grupo Imsa Sa De Cv), Credit and Security Agreement (Grupo Imsa Sa De Cv)
Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself may, but without any obligation to do so and without notice, itself perform, or cause performance of, such obligationagreement, if an Event of Default then exists; and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required Borrower pursuant to perform or discharge any obligation of the DebtorSection 7.10.
Appears in 2 contracts
Samples: Facility and Security Agreement (Dynegy Inc.), Facility and Security Agreement (Dynegy Holdings Inc)
Collateral Agent May Perform. If the Debtor fails to perform any agreement, covenant, or obligation contained in this Agreementherein, the Collateral Agent may himself itself perform, or cause performance ofof such agreement, such obligation, covenant or obligation and the expenses and costs of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the Debtor.
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Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself (but is not obligated to) itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrower. SECTION 9.
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Collateral Agent May Perform. If the any Debtor fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent Agent, for the benefit of the Holders, may himself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the Debtor.
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Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrower under Section 17(b).
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Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself may, but without any obligation to do so and without notice, itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrower under Section 23. Section 21.
Appears in 1 contract
Samples: Collateral Agency Agreement (Puget Sound Energy Inc)
Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrower under Section 16(b).
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/)
Collateral Agent May Perform. If the Debtor Borrower fails to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself may, but without any obligation to do so and without notice, itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrower under Section 18.
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Collateral Agent May Perform. If the Debtor fails Borrowers fail to perform any obligation agreement contained in this Agreementherein, the Collateral Agent may himself itself perform, or cause performance of, such obligationagreement, and the expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor; provided that the Collateral Agent shall not be required to perform or discharge any obligation of the DebtorBorrowers under Section 17(b).
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