Common use of Lender May Perform Clause in Contracts

Lender May Perform. If Grantor fails to perform any agreement contained herein, Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of Lender incurred in connection therewith shall be payable, by Grantor.

Appears in 3 contracts

Sources: Pledge and Security Agreement (Adcare Health Systems, Inc), Pledge and Security Agreement (Adcare Health Systems, Inc), Pledge and Security Agreement (Adcare Health Systems, Inc)

Lender May Perform. If Grantor fails to perform any agreement contained herein, the Lender may may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantor.

Appears in 3 contracts

Sources: Security Agreement (Verity Corp.), Security Agreement (Verity Corp.), Security Agreement (Verity Corp.)

Lender May Perform. If any Grantor fails to perform any agreement contained herein, Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of Lender incurred in connection therewith shall be payable, payable by such Grantor.

Appears in 2 contracts

Sources: Security Agreement (Adcare Health Systems, Inc), Security Agreement (Adcare Health Systems, Inc)

Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantorthe Grantor pursuant to Section 6.2.

Appears in 2 contracts

Sources: Security Agreement (Trace International Holdings Inc), Security Agreement (Trace International Holdings Inc)

Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender may may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantorthe Grantor under Section 13; provided that the Lender shall notify the Grantor of any such action taken by the Lender within a reasonable period of time following such action.

Appears in 1 contract

Sources: Security Agreement (Turbosonic Technologies Inc)

Lender May Perform. If any Grantor fails to perform any agreement contained herein, the Lender may may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by such Grantor.

Appears in 1 contract

Sources: Subsidiary Security Agreement (Verity Corp.)

Lender May Perform. If the Grantor fails to perform any agreement obligation contained hereinin this Agreement, the Lender may itself perform, or cause performance of, such agreementobligation, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by the Grantor; provided that the Lender shall not be required to perform or discharge any obligation of the Grantor.

Appears in 1 contract

Sources: Security Agreement (Singing Machine Co Inc)

Lender May Perform. If any Grantor fails to perform any agreement contained herein, Lender may may, but shall not be obligated to, itself perform, or cause performance of, such agreementagreement after reasonable prior notice to the Grantors, and the reasonable expenses of Lender incurred in connection therewith shall be payable, jointly and severally, by GrantorGrantors.

Appears in 1 contract

Sources: Security Agreement (Platinum Energy Solutions, Inc.)

Lender May Perform. If the Grantor fails to perform any agreement ------------------ contained herein, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantor.the Grantor and shall constitute Obligations secured by this Agreement

Appears in 1 contract

Sources: Intellectual Property Security Agreement (Paradigm Genetics Inc)

Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantorthe Grantor under Section 11.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Revett Mining Company, Inc.)

Lender May Perform. If any Grantor fails to perform any agreement obligation contained hereinin this Agreement, the Lender may itself perform, or cause performance of, such agreementobligation, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantorthe Grantors; provided that the Lender shall not be required to perform or discharge any obligation of the Grantors.

Appears in 1 contract

Sources: Security Agreement (Jones Soda Co)

Lender May Perform. If the Grantor fails to perform any agreement contained herein, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantorthe Grantor and shall constitute Obligations secured by this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Abovenet Communications Inc)

Lender May Perform. If the Grantor fails to perform any agreement obligation contained hereinin this Agreement, the Lender may itself perform, or cause performance of, such agreementobligation, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by the Grantor; provided that the Lender shall not be required to perform or discharge any obligation of the Grantor.

Appears in 1 contract

Sources: Security Agreement (Point.360)

Lender May Perform. If any Grantor fails to perform any agreement contained herein, upon notice to such Grantor, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith (as to which invoices have been furnished) shall be payable, payable by Grantorthe Grantors under Section 16(b).

Appears in 1 contract

Sources: Merger Agreement (Icg Communications Inc /De/)

Lender May Perform. If the Grantor fails to perform any ------------------ agreement contained herein, the Lender may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Lender incurred in connection therewith shall be payable, payable by Grantorthe Grantor and shall constitute Obligations secured by this Agreement.

Appears in 1 contract

Sources: Master Loan and Security Agreement (Cardima Inc)