Common use of Performance by Lender Clause in Contracts

Performance by Lender. If Borrower shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrower. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performance, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or any other Loan Document.

Appears in 5 contracts

Samples: Credit Agreement (Cryo Cell International Inc), Credit and Security Agreement (loanDepot, Inc.), Credit Agreement (Harte Hanks Inc)

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Performance by Lender. If Borrower shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrower. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or any other Loan Document.

Appears in 3 contracts

Samples: Loan Agreement (Vertical Capital Income Fund), Loan Agreement (Dgse Companies Inc), Loan Agreement (Dgse Companies Inc)

Performance by Lender. If Borrower shall fail to perform any covenant covenant, duty or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant covenant, duty or agreement on behalf of BorrowerBorrower after the expiration of any cure or grace periods set forth herein. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount reasonably expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the applicable Post-Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in fulluntil paid. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any no liability or responsibility whatsoever for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or any other Loan Document.

Appears in 2 contracts

Samples: Revolving Credit Agreement (TRI Pointe Homes, Inc.), Revolving Credit Agreement (New Home Co LLC)

Performance by Lender. If Borrower or any Guarantor shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of BorrowerBorrower or such Guarantor. In such event, Borrower or any Guarantor shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performance, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower or any Guarantor under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Lm Funding America, Inc.)

Performance by Lender. If Borrower any Obligated Party shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrowersuch Obligated Party. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower any Obligated Party under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Loan Agreement (PreCheck Health Services, Inc.)

Performance by Lender. If Borrower or Guarantor shall fail to perform any covenant covenant, duty, or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant covenant, duty, or agreement on behalf of Borrower. In such event, Borrower and Guarantor shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in fulluntil paid. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower or Guarantor under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

Performance by Lender. If Borrower shall fail to perform any covenant or agreement contained in any of the Loan DocumentsDocuments or the Intercreditor Agreement, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrower. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performance, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or Agreement, any other Loan DocumentDocument or the Intercreditor Agreement.

Appears in 1 contract

Samples: Credit Agreement (Victory Energy Corp)

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Performance by Lender. If Borrower shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrower. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Loan Agreement (Nobilis Health Corp.)

Performance by Lender. If Borrower shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrower. In such event, Borrower shall, at the request of Lender, promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or any other Loan DocumentDocument other than for its own gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

Performance by Lender. If Borrower shall fail to perform any covenant or agreement contained in any of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrower upon prior notice to Borrower. In such event, Borrower shall, at the request of Lender, promptly pay reimburse to Lender any amount third party costs reasonably expended by Lender in connection with such performance or attempted performance, together with interest thereon at the Default Interest Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower under this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit and Security Agreement (AmeriHome, Inc.)

Performance by Lender. If Borrower any Obligor shall fail to perform any covenant or agreement contained in any accordance with the terms of the Loan Documents, then Lender may perform or attempt to perform such covenant or agreement on behalf of Borrowersuch Obligor. In such event, Borrower Borrowers shall, at the request of Lender, Lender promptly pay to Lender any amount expended by Lender in connection with such performance or attempted performanceperformance to Lender, together with interest thereon at the Default Interest Rate interest rate provided for in Section 2.10(b) from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that Lender shall not have any liability or responsibility for the performance of any covenant, agreement, or other obligation of Borrower such Obligor under this Agreement or any other Loan DocumentDocuments.

Appears in 1 contract

Samples: Credit Agreement (Alico Inc)

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