Pledgee May Perform. If the Pledgor fails to perform any agreement contained herein other than any agreement set forth in Section 5 hereof, the Pledgee may (but shall not be obligated to) itself perform, or cause performance of, such agreement; provided, however, that the Pledgee shall first have provided to the Pledgor five (5) Business Days' prior written notice of the Pledgee's intention so to act (except in cases of emergency when no such notice shall be required). Any sums expended by the Pledgee pursuant to this Section 7 shall be added to the Obligations and secured by the Collateral.
Appears in 2 contracts
Sources: Pledge Agreement (Reading International Inc), Credit Facility Agreement (Reading International Inc)
Pledgee May Perform. If the Pledgor fails to perform any agreement contained herein other than any agreement set forth in Section 5 hereofagreement, the Pledgee may (but shall not be obligated to) itself perform, or cause performance of, such agreement; provided, however, that the Pledgee shall first have provided to the Pledgor five (5) Business Days' prior written notice of the Pledgee's intention so to act (except in cases of emergency when no such notice shall be required). Any sums expended by the Pledgee pursuant to this Section 7 9 shall be added to the Obligations and secured by the Collateral.
Appears in 2 contracts
Sources: Pledge Agreement (Reading International Inc), Omnibus Amendment Agreement (Reading International Inc)
Pledgee May Perform. If the Pledgor fails to perform any agreement contained herein other than any agreement set forth in Section 5 hereofherein, the Pledgee may may, upon prior notice to the Pledgor (other than in connection with a Bankruptcy Default) but shall not be obligated to) , itself perform, or cause performance of, such agreement; provided, however, that and the reasonable expenses of the Pledgee incurred in connection therewith shall first have provided to the Pledgor five (5) Business Days' prior written notice of the Pledgee's intention so to act (except in cases of emergency when no such notice shall be required). Any sums expended by the Pledgee pursuant to this Section 7 shall be added to the constitute Obligations and secured by the Collateralhereunder.
Appears in 1 contract
Pledgee May Perform. If the any Pledgor fails to perform any agreement contained herein other than any agreement set forth in Section 5 hereofherein, upon notice to such Pledgor and to the extent the applicable Pledgor has not remedied such failure to perform within thirty (30) days, Pledgee may (but shall not be obligated to) itself perform, or cause performance of, such agreement; provided, however, that and the reasonable out-of-pocket expenses of Pledgee shall first have provided to the Pledgor five (5) Business Days' prior written notice of the Pledgee's intention so to act (except incurred in cases of emergency when no such notice connection therewith shall be required). Any sums expended payable by the Pledgee pursuant to this Pledgors under Section 7 shall be added to the Obligations and secured by the Collateral10 hereof.
Appears in 1 contract
Sources: Pledge Agreement (Movado Group Inc)