Performance by the Secured Party. In the event the Debtor shall at any time fail to pay or perform punctually any of its duties hereunder, the Secured Party may, at its option and without notice to or demand upon the Debtor, without obligation and without waiving or diminishing any of its other rights or remedies hereunder, fully perform or discharge any of such duties. All costs and expenses incurred by the Secured Party in connection therewith, together with interest thereon at the Secured Party's CoBank Base Rate plus four percent per annum, shall become part of the Obligations secured hereby and be paid by the Debtor upon demand.
Performance by the Secured Party. If any Debtor shall fail to perform any covenant or agreement contained in this Agreement, the Secured Party may (but shall not be obligated to) perform or attempt to perform such covenant or agreement on behalf of the Debtors, in which case the Secured Party shall exercise good faith and make diligent efforts to give Debtors prompt prior written notice of such performance or attempted performance. In such event, the Debtors shall, at the request of the Secured Party, promptly pay any reasonable amount expended by the Secured Party in connection with such performance or attempted performance to the Secured Party. Notwithstanding the foregoing, it is expressly agreed that the Secured Party shall not have any liability or responsibility for the performance (or non-performance) of any obligation of the Debtors under this Agreement.
Performance by the Secured Party. In the event the Debtor shall at any time fail to pay or perform punctually any of its duties hereunder within any grace period provided therefor, the Secured Party may, at its option and without notice to or demand upon the Debtor, without obligation and without waiving or diminishing any of its other rights or remedies hereunder, fully perform or discharge any of such duties. All costs and expenses incurred by the Secured Party in connection therewith, together with interest thereon at the Secured Party's National Variable Rate (as defined in the Loan Agreement) plus 4% per annum, shall become part of the Obligations secured hereby and be paid by the Debtor upon demand.
Performance by the Secured Party. If the Debtor shall fail to perform any covenant or agreement contained in this Agreement, the Administrative Agent, may, at the direction of the Required Lenders, perform or attempt to perform such covenant or agreement on behalf of the Debtor. In such event, the Debtor shall, at the request of the Administrative Agent, promptly pay any amount expended by the Administrative Agent or any Lender in connection with such performance or attempted performance to the Administrative Agent, together with interest thereon at the Default 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 neither the Administrative Agent nor any Lender shall have any liability or responsibility for the performance of any obligations of the Debtor under this Agreement.
Performance by the Secured Party. If the Pledgor fails to perform any covenant or agreement contained in this Agreement, the Secured Party may (but shall not be obligated to) perform or attempt to perform such covenant or agreement on behalf of the Pledgor, in which case the Secured Party shall exercise good faith and make diligent efforts to give the Pledgor prompt prior written notice of such performance or attempted performance. In such event, the Pledgor shall, at the request of the Secured Party, promptly pay any reasonable amount expended by the Secured Party in connection with such performance or attempted performance to the Secured Party. Notwithstanding the foregoing, it is expressly agreed that the Secured Party shall not have any liability or responsibility for the performance (or nonperformance) of any obligation of the Pledgor under this Agreement.
Performance by the Secured Party. If any Obligor fails to perform any agreement or obligation provided for in any Loan Document, the Secured Party may, upon prior notice to any Debtor, itself perform, or cause performance of, such agreement or obligation, and the reasonable out-of-pocket and documented expenses of the Secured Party incurred in connection therewith shall be a part of the Obligations secured by the Collateral and payable by the Debtors on demand.
Performance by the Secured Party. If the Pledgors shall -------------------------------- fail to perform any covenant or agreement contained in this Agreement or the Note after being given notice of such failure by the Secured Party, the Secured Party may perform or attempt to perform such covenant or agreement on behalf of the Pledgor. In such event, the Pledgor shall, at the request of the Secured Party, promptly pay any amount expended by the Secured Party in connection with such performance or attempted performance to the Secured Party, together with interest thereon at the Default 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 the Secured Party shall not have any liability or responsibility for the performance of any obligation of the Pledgors under this Agreement on the Note.
Performance by the Secured Party. If Debtor fails to perform any material covenant, agreement, duty or obligation of Debtor under this Agreement, the Secured Party may, after any applicable cure period, at any time or times in its discretion, take action to pay, perform and discharge any and all amounts, costs, expenses and liabilities herein agreed to be paid or performed by Debtor. All costs incurred by the Secured Party in connection with the foregoing shall be payable by Debtor as provided in Paragraph 11.1 hereof and shall bear interest at the rate of 12% per annum from the dates of such expenditures until paid. No discretionary right, remedy or power granted to the Secured Party under any part of this Agreement shall be deemed to impose any obligation whatsoever on the Secured Party with respect thereto, such rights, remedies and powers being solely for the protection of the Secured Party.
Performance by the Secured Party. In the event the Debtor shall at any time fail to pay or perform punctually any of its duties hereunder, the Secured Party may, at its SECURITY AGREEMENT 7 XXXXXXX FARMS OF VERMONT, INC Swanton, Vermont option and without notice to or demand upon the Debtor, without obligation and without waiving or diminishing any of its other rights or remedies hereunder, fully perform or discharge any of such duties. All costs and expenses incurred by the Secured Party in connection therewith, together with interest thereon at the Secured Party's National Variable Rate plus four percent per annum, shall become part of the Obligations secured hereby and be paid by the Debtor upon demand.
Performance by the Secured Party. Upon the occurrence of an Event of Default hereunder, the Secured Party may, at its option and without notice to or demand upon the Debtor, except as expressly stated herein, without obligation and without waiving or diminishing any of its other rights or remedies hereunder, fully perform or discharge any of such duties. Upon the Security Agreement/New Ulm Telecom, Inc. Loan Nos. RX0583 and RX0584 occurrence of an Event of Default hereunder, all costs and expenses incurred by the Secured Party in connection therewith, together with interest thereon at 4% per annum in excess of the highest interest rate applicable to any Loan or advance secured hereby (and in the case of payment obligations other than principal on the Loans prior to the maturity of the Loans, 6.50% per annum in excess of the Secured Party’s announced Base Rate) shall become part of the Obligations secured hereby and be due and paid by the Debtor upon demand.
