Common use of Cure of Defaults Clause in Contracts

Cure of Defaults. Cure any Event of Default without releasing any Obligor from any obligation hereunder or under the Loan Documents. In connection with exercising its right to cure an Event of Default, Lender may enter upon any Place of Business and do such acts and things as Lender deem necessary or desirable to protect the collateral pledged under any Security Instrument, including, without limitation: (i) paying, purchasing, contesting or compromising any encumbrance, charge, lien, claim of lien, tax, assessment, fine, or other imposition; (ii) paying any insurance premiums and (iii) employing counsel, accountants, contractors and other appropriate persons to assist Lender in the foregoing.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Chicos Fas Inc), Revolving Credit and Term Loan Agreement (Chicos Fas Inc)

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Cure of Defaults. Cure any Event of Default without releasing any Obligor Borrower from any obligation hereunder or under the Loan Documents. In connection with exercising its right to cure an Event of Default, Lender may enter upon any Place of Business and do such acts and things as Lender deem deems necessary or desirable to protect the collateral pledged under any Security Instrument, including, without limitation: (i) paying, purchasing, contesting or compromising any encumbrance, charge, lien, claim of lien, tax, assessment, fine, lease payment or other imposition; (ii) paying any insurance premiums premiums; and (iii) employing counsel, accountants, contractors and other appropriate persons to assist Lender in the foregoing.

Appears in 2 contracts

Samples: Loan Agreement (Innovative Food Holdings Inc), Loan Agreement (Innovative Food Holdings Inc)

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Cure of Defaults. Cure any Event of Default without releasing any Obligor from any obligation hereunder or under the Loan Documents. In connection with exercising its right to cure an Event of Default, Lender may enter upon any Place of Business and do such acts and things as Lender deem deems necessary or desirable to protect the collateral pledged under any Security InstrumentLoan Document, including, without limitation: (i) paying, purchasing, contesting or compromising any encumbrance, charge, lien, claim of lien, tax, assessment, fine, or other imposition; (ii) paying any insurance premiums and (iii) employing counsel, accountants, contractors and other appropriate persons to assist Lender in the foregoing.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Chicos Fas Inc)

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