Common use of Secured Party May Perform Clause in Contracts

Secured Party May Perform. If a Pledgor fails to perform any obligation contained in this Agreement, each Secured Party may itself perform, or cause performance of, such obligation, and the expenses of each Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such Pledgor.

Appears in 2 contracts

Sources: Stock Pledge Agreement (Air T Inc), Third Note Purchase Agreement (Air T Inc)

Secured Party May Perform. If a Pledgor fails to perform any obligation contained in this Agreement, each the Secured Party may itself perform, or cause performance of, such obligation, and the expenses of each the Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties Party shall not be required to perform or discharge any obligation of such Pledgorthe Pledgors.

Appears in 2 contracts

Sources: Stock Pledge and Security Agreement, Stock Pledge and Security Agreement (Chanticleer Holdings, Inc.)

Secured Party May Perform. If a the Pledgor fails to perform any obligation contained in this Agreement, each the Secured Party may itself perform, or cause performance of, such obligation, and the reasonable expenses of each the Secured Party incurred in connection therewith shall be payable by such the Pledgor; provided that the Secured Parties Party shall not be required to perform or discharge any obligation of such the Pledgor.

Appears in 2 contracts

Sources: Stock Pledge Agreement (Juniper Nvm, LLC), Pledge Agreement (Rvue Holdings, Inc.)

Secured Party May Perform. If a the Pledgor fails to perform any covenant, obligation or agreement contained in this Agreementherein, each the Secured Party Party, at its option, may itself perform, or cause performance of, such obligationcovenant, obligation or agreement, and the expenses of each the Secured Party incurred in connection therewith shall be included in the Obligations secured hereby and payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such PledgorPledgor under Section 8.3.

Appears in 2 contracts

Sources: Security Agreement (Novo Energies Corp), Security Agreement (New Media Lottery Services Inc)

Secured Party May Perform. If a the Pledgor fails to perform any obligation covenant contained in this Agreementherein, each the Secured Party may itself perform, or cause performance of, such obligation, and covenant. Pledgor shall pay for the reasonable expenses of each the Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such Pledgorin accordance with Section 7.04.

Appears in 2 contracts

Sources: Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD)

Secured Party May Perform. If a Pledgor fails to perform any obligation contained in this Agreement, each Secured Party may itself perform, or cause performance of, such obligation, and the expenses of each Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such Pledgor.

Appears in 2 contracts

Sources: Pledge Agreement (Air T Inc), Note Purchase Agreement (Air T Inc)

Secured Party May Perform. If a the Pledgor fails to perform any obligation of its obligations contained in this Agreement, each the Secured Party may itself perform, or cause performance of, such obligation, and the expenses of each the Secured Party incurred in connection therewith shall be payable by such the Pledgor; provided that the Secured Parties Party shall not be required to perform or discharge any obligation of such the Pledgor.

Appears in 1 contract

Sources: Pledge Agreement (Walker Innovation Inc.)

Secured Party May Perform. If a Pledgor fails to perform any ------------------------- obligation contained in this Agreement, each Secured Party may itself perform, or cause performance of, of such obligation, and the expenses of each Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such PledgorPledgor under Section 3.1 and ----------- constitute obligations secured by this Agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Keynote Systems Inc)

Secured Party May Perform. If a the Pledgor fails to perform any obligation covenant contained in this Agreementherein, each the Secured Party may itself perform, or cause performance of, such obligation, and covenant. Pledgor shall pay for the reasonable expenses of each the Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such Pledgorin accordance with Section 7.4.

Appears in 1 contract

Sources: Pledge Agreement (Probex Corp)

Secured Party May Perform. If a the Pledgor fails to perform any obligation agreement contained in this Agreementherein, each the Secured Party may itself perform, or cause performance of, such obligationagreement, and the expenses of each the Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Pledgor under Section 12 hereof and constitute Secured Parties shall not be required to perform or discharge any obligation of such PledgorObligations secured hereby.

Appears in 1 contract

Sources: Pledge Agreement (American Mobile Satellite Corp)

Secured Party May Perform. If a the Pledgor fails to perform any obligation agreement contained in this Agreementherein, each the Secured Party may may, but shall not be obligated to, itself perform, or cause performance of, such obligationagreement, and the expenses of each the Secured Party incurred in connection therewith shall be payable by such Pledgor; provided that the Secured Parties shall not be required to perform or discharge any obligation of such PledgorPledgor under Section 12 hereof and constitute Obligations secured hereby.

Appears in 1 contract

Sources: Pledge Agreement (Covad Communications Group Inc)

Secured Party May Perform. If a the Pledgor fails to perform any obligation contained in this Pledge Agreement, each the Secured Party may itself perform, or cause performance of, such obligation, and the expenses of each the Secured Party incurred in connection therewith shall be payable by such the Pledgor; provided that the Secured Parties Party shall not be required to perform or discharge any obligation of such the Pledgor.

Appears in 1 contract

Sources: Membership Interest Pledge Agreement (Northann Corp.)