Common use of Entitled to Perform Covenants Clause in Contracts

Entitled to Perform Covenants. If the Borrower fails to perform any covenant contained in this Article 9, or in any other provision hereof or of any of the other Loan Documents, the Lender may perform in any manner deemed fit by it without thereby waiving any rights to enforce this Agreement or the other Loan Documents, any such covenant capable of being performed by it and if any such covenant requires the payment of money, the Lender may make such payments. All sums so expended by the Lender shall be deemed to form part of the Obligations, shall bear interest at the same rate as the Loan and shall be payable by the Borrower on demand.

Appears in 5 contracts

Samples: Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.), Credit Agreement (CRH Medical Corp)

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Entitled to Perform Covenants. If any of the Borrower Loan Parties fails to perform any covenant contained in this Article 9, or in any other provision hereof or of any of the other Loan Documents, the Lender may perform in any manner deemed fit by it without thereby waiving any rights to enforce this Agreement or the other Loan Documents, any such covenant capable of being performed by it and if any such covenant requires the payment of money, the Lender may make such payments. All sums so expended by the Lender shall be deemed to form part of the Obligations, shall bear interest at the same rate as the Loan and shall be payable by the Borrower on demand.

Appears in 2 contracts

Samples: Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.)

Entitled to Perform Covenants. If the Borrower fails to perform any covenant contained in this Article 96, or in any other provision hereof or of any of the other Loan Documents, the Lender may perform may, but shall be under no obligation to, perform, in any manner deemed it deems fit by it without thereby waiving any rights to enforce this Agreement or the other Loan Documents, any such covenant capable of being performed by it and if any such covenant requires the payment of money, the Lender may make such payments. All sums so expended by the Lender shall be deemed to form part of the Obligations, shall bear interest at the same rate as the Loan Principal Amount and shall be payable by the Borrower on demand.

Appears in 2 contracts

Samples: Loan Agreement (Rubicon Minerals Corp), Loan Agreement (North American Palladium LTD)

Entitled to Perform Covenants. If the Borrower fails to perform any covenant contained in this Article 9, or in any other provision hereof or of any of the other Loan Documents, the Lender may perform in any manner deemed fit by it without thereby waiving any rights to enforce this Agreement or the other Loan Documents, any such covenant capable of being performed by it and if any such covenant requires the payment of money, the Lender may make such payments. All sums so expended by the Lender shall will be deemed to form part of the Obligations, shall will bear interest at the same rate as the Loan and shall will be payable by the Borrower on demand.

Appears in 1 contract

Samples: Loan Agreement (Ember Therapeutics, Inc. - Ny)

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Entitled to Perform Covenants. If the Borrower fails to perform any covenant contained in this Article 9, 9 or in any other provision hereof or of any of the other Loan DocumentsDocuments beyond the expiry of any applicable cure period(s) set forth in such covenant or provision, the Lender may give notice to the Borrower and after giving such notice may perform in any manner deemed fit by it without thereby waiving any rights to enforce this Agreement or the other Loan Documents, any such covenant capable of being performed by it and if on behalf of the Borrower (including any such covenant that requires the payment of money, the Lender may make such payments). All sums so expended by the Lender shall be deemed to form part of the Obligations, shall bear interest at the same rate as the Loan and shall be payable by the Borrower on demand.

Appears in 1 contract

Samples: Loan Agreement

Entitled to Perform Covenants. If the Borrower fails Obligors fail to perform any covenant contained in this Article 9, or in any other provision hereof or of any of the other Loan Documents, the Lender may perform in any manner deemed fit by it without thereby waiving any rights to enforce this Agreement or the other Loan Documents, any such covenant capable of being performed by it and if any such covenant requires the payment of money, the Lender may make such payments. All sums so expended by the Lender shall be deemed to form part of the Obligations, shall bear interest at the same rate as the Loan and shall be payable by the Borrower on demand.

Appears in 1 contract

Samples: Loan Agreement

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