Lender May Perform. If Borrower fail to perform any obligation contained in this Agreement, the Lender may itself perform, or cause performance of, such obligation, and the expenses of the Lender incurred in connection therewith shall be payable by Borrower; provided, that the Lender shall not be required to perform or discharge any obligation of the Borrower.
Appears in 7 contracts
Samples: Security Agreement and Chattel Mortgage, Security Agreement and Chattel Mortgage, Security Agreement and Chattel Mortgage
Lender May Perform. If the Borrower fail fails to perform any obligation term, provision, covenant or agreement contained in this Agreementherein, the Lender may may, but with absolutely no obligation to, itself perform, or cause performance of, such obligationterm, provision, covenant or agreement and the expenses of the Lender incurred in connection therewith therewith, together with interest thereon, shall be payable by Borrower; provided, that the Lender shall not be required to perform or discharge any obligation Borrower under Section 8.05 of the Borrowerthis Agreement.
Appears in 1 contract
Lender May Perform. If the Borrower fail fails to perform any obligation agreement contained in this Agreementherein, the Lender may may, but without any obligation to do so and without notice, itself perform, or cause performance of, such obligationagreement, and the expenses of the Lender incurred in connection therewith shall be payable by Borrower; provided, that the Lender shall not be required to perform or discharge any obligation of the BorrowerBorrower under Section 15.
Appears in 1 contract
Samples: Possession Security Agreement (Americanwest Bancorporation)
