Common use of Secured Party May Perform Clause in Contracts

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 21.

Appears in 4 contracts

Samples: Security Agreement (Windswept Environmental Group Inc), Security Agreement (Windswept Environmental Group Inc), Security Agreement (Windswept Environmental Group Inc)

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Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 216.1.

Appears in 3 contracts

Samples: Loan and Security Agreement (Eagle Geophyical Inc), Loan and Security Agreement (Seitel Inc), Loan and Security Agreement (Eagle Geophyical Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 2120.

Appears in 2 contracts

Samples: Security Agreement (JLM Industries Inc), Security Agreement (JLM Industries Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 21and shall constitute Obligations secured by this Agreement.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Conductus Inc), Intellectual Property Security Agreement (Conductus Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by Debtor on demand and shall become part of the Debtor under Section 21Liabilities secured hereunder.

Appears in 2 contracts

Samples: Loan and Security Agreement (PHC Inc /Ma/), Employment Agreement (PHC Inc /Ma/)

Secured Party May Perform. 8.1 If the Debtor Borrower fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 21Borrower to the fullest extent permitted by applicable law.

Appears in 1 contract

Samples: Share Exchange Agreement (Logicom Inc.)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 2114.2.

Appears in 1 contract

Samples: Loan Agreement (Hospital Staffing Services Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor as provided under Section 219 hereof, with interest at the rate provided for in Section 6.1 of the Loan Agreement.

Appears in 1 contract

Samples: Security Agreement (Arqule Inc)

Secured Party May Perform. If the Debtor or the Subsidiary fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under pursuant to Section 2112.3.

Appears in 1 contract

Samples: Security Agreement (Elephant & Castle Group Inc)

Secured Party May Perform. If the any Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor Debtors as provided under Section 219 hereof, with interest as provided in the Letter Agreement.

Appears in 1 contract

Samples: Security Agreement (Alkermes Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 215.07.

Appears in 1 contract

Samples: Security Agreement (PMC Commercial Trust /Tx)

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Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 21as provided in SECTION 4.05.

Appears in 1 contract

Samples: Security Agreement (Iwl Communications Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 21Debtor.

Appears in 1 contract

Samples: Security Agreement (Bunge LTD)

Secured Party May Perform. If the Debtor Borrower fails to perform any agreement contained herein, the Secured Party Party, at its option, may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be included in the Obligations secured hereby and payable by the Debtor Borrower under Section 218.3.

Appears in 1 contract

Samples: Security Agreement (Aesp Inc)

Secured Party May Perform. If the Debtor fails failures to perform any ------------------------- agreement contained herein, the Secured Party may itself perform, or cause performance performances of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 21Debtor.

Appears in 1 contract

Samples: General Security Agreement (Centillium Communications Inc)

Secured Party May Perform. If the Debtor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause the performance of, such agreement, agreement and the reasonable expenses of the Secured Party incurred in connection therewith shall be promptly payable and reimbursed to the Secured Party by the Debtor Debtor, under Section 21Article VII hereof. Notwithstanding the foregoing sentence, the Secured Party has no duty to collect any income or either amounts accruing on the Collateral or to preserve any rights relating to any Collateral.

Appears in 1 contract

Samples: General Security Agreement (Harris Corp /De/)

Secured Party May Perform. If the Debtor or any of the Subsidiaries fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under pursuant to Section 2113.3.

Appears in 1 contract

Samples: Security Agreement (Ge Investment Private Placement Partners Ii LTD Partnership)

Secured Party May Perform. If the Debtor fails to perform any agreement or covenant contained herein, the Secured Party may itself perform, or cause performance of, such agreementagreement or covenant, and the reasonable expenses of the Secured Party incurred in connection therewith shall be payable by the Debtor under Section 218(b).

Appears in 1 contract

Samples: Security Agreement (Ophthalmic Imaging Systems Inc)

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