Common use of Performance by the Pledgee Clause in Contracts

Performance by the Pledgee. Upon the Pledgor's failure to perform any of its duties hereunder, the Pledgee may, but shall not be obligated to, perform any or all such duties, and the cost thereof shall constitute Obligations and be secured by the Pledged Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Airgate PCS Inc /De/), Intercreditor Agreement (Airgate PCS Inc /De/)

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Performance by the Pledgee. Upon the Pledgor's failure to perform -------------------------- any of its duties hereunder, the Pledgee may, but shall not be obligated to, perform any or all such duties, and the cost thereof shall constitute Obligations and be secured by the Pledged Collateral.

Appears in 1 contract

Samples: Credit Agreement (Agw Leasing Co Inc)

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Performance by the Pledgee. Upon the Pledgor's ’s failure to perform any of its duties hereunder, the Pledgee may, but shall not be obligated to, perform any or all such duties, and the cost thereof shall constitute Obligations and be secured by the Pledged Collateral.

Appears in 1 contract

Samples: Form of Pledge Agreement (Airgate PCS Inc /De/)

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