Common use of Perform Obligations Clause in Contracts

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lenders, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be secured by the Security.

Appears in 7 contracts

Samples: Credit Agreement (CHC Helicopter Corp), Credit Agreement (Iamgold Corp), Credit Agreement (Iamgold Corp)

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Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lenders, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be secured by the Security.

Appears in 5 contracts

Samples: Assignment Agreement (Waste Management Inc), Credit Agreement (Convergys Corp), Restricted Stock Unit Award Agreement

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lenders, Lenders may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such of those covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan DocumentsDocuments as a result. The reasonable expenses (including any legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be secured by the Security.

Appears in 4 contracts

Samples: Assignment Agreement (Waste Management Inc), Credit Agreement (CRH Medical Corp), Credit Agreement (Waste Management Inc)

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lenders, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be guaranteed by the Guarantees and secured by the Securityany security.

Appears in 3 contracts

Samples: Credit Agreement (Iamgold Corp), Credit Agreement (Iamgold Corp), Credit Agreement (Iamgold Corp)

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required LendersLender, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be secured by the Security.

Appears in 2 contracts

Samples: Assignment Agreement (Waste Management Inc), Credit Agreement (Waste Management Inc)

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor the Borrower has failed to perform any of its covenants or agreements in the Loan Documents, the Required Majority Lenders, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Majority Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or and the Lenders in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless France SAS)

Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Obligor Credit Party has failed to perform any of its covenants or agreements in the Loan Documents, the Required Majority Lenders, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Majority Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or and the Lenders in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (Valens Company, Inc.)

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Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor the Borrower has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lendersa Lender, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Lenders such Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Agent and/or and the Lenders in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless Inc)

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lenders, Lenders may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such of those covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan DocumentsDocuments as a result. The reasonable expenses (including any reasonable legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be secured by the Security.

Appears in 1 contract

Samples: sec.report

Perform Obligations. If an Event of Default has occurred and is continuing and if any Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Required Lenders, may, but shall be under no obligation to, instruct the Agent on behalf of the Lenders to perform any such covenants or agreements in any manner deemed fit by the Required Lenders without thereby waiving any rights to enforce the Loan Documents. The reasonable and documented expenses (including any legal costs) paid by the Agent and/or the Lenders in respect of the foregoing shall be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (PHH Corp)

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