Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 10 contracts
Samples: Pledge and Security Agreement (Star Gas Partners Lp), Pledge and Security Agreement (Star Group, L.P.), Senior Secured Credit Agreement (Lifetime Brands, Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the Collateral occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors such Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.4. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 6 contracts
Samples: Canadian Pledge and Security Agreement (American Tire Distributors Holdings, Inc.), Pledge and Security Agreement (American Tire Distributors Holdings, Inc.), Pledge and Security Agreement (Nexeo Solutions Finance Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and failed to so in the time frame required hereunder, and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 4 contracts
Samples: Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Murray II, L.P.), Intercreditor Agreement (EM Holdings LLC)
Secured Party Performance of Debtor Obligations. Without Upon the occurrence and during the continuance of an Event of Default, without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.48.5. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Postmedia Network Canada Corp.), Pledge and Security Agreement (Postmedia Network Canada Corp.), Pledge and Security Agreement (Postmedia Network Canada Corp.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Subordinated Collateral Agent may perform or pay any obligation which any the Grantor has agreed to perform or pay in this Security Agreement and the Grantors Grantor shall reimburse the Subordinated Collateral Agent for any amounts paid by the Subordinated Collateral Agent pursuant to this Section 8.4. The Grantors’ Grantor’s obligation to reimburse the Subordinated Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 4 contracts
Samples: Security Agreement (Bluestem Brands, Inc.), Pledge and Security Agreement (Bluestem Brands, Inc.), Pledge and Security Agreement (Bluestem Brands, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.49.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 4 contracts
Samples: Intercreditor Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may during the continuance of an Event of Default perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.410.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a included in the Secured Obligation Obligations and payable on demand.
Appears in 3 contracts
Samples: Guaranty and Collateral Agreement (Ultra Petroleum Corp), Second Lien Guaranty and Collateral Agreement (Ultra Petroleum Corp), Warrant Agreement (Ultra Petroleum Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.4. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Neiman Marcus, Inc.), Pledge and Security Agreement (Neiman Marcus Group Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may may, during the continuance of an Event of Default, perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.04. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Am-Source, LLC), Pledge and Security Agreement (Am-Source, LLC)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and failed to do so in the time frame required hereunder, and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demandnot later than 20 Business Days after receipt of a reasonably detailed invoice therefor.
Appears in 2 contracts
Samples: Credit Agreement (Stoneridge Inc), Credit Agreement (Stoneridge Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement Agreement, and the Grantors Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.04. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Petco Holdings Inc), Pledge and Security Agreement (Petco Holdings Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, during the Collateral existence of an Event of Default, the Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Pinstripes Holdings, Inc.), Pledge and Security Agreement (Banyan Acquisition Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral either Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement to the extent Grantors fail to do so and the Grantors shall reimburse the Collateral such Agent for any amounts paid by the Collateral such Agent pursuant to this Section 8.4. The Grantors’ ' obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demandpromptly and in any event within ten (10) days after written demand therefor.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Dura Automotive Systems Inc), Pledge and Security Agreement (Dura Automotive Systems Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors such Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.4 in accordance with Section 10.04 of the Credit Agreement. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demandin accordance with Section 10.04 of the Credit Agreement.
Appears in 2 contracts
Samples: Credit Agreement (LifeStance Health Group, Inc.), Patent Security Agreement (Ensemble Health Partners, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any the Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (A123 Systems, Inc.), Pledge and Security Agreement (Wanxiang Group Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.411.5. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security and Intercreditor Agreement (Neiman Marcus, Inc.), Pledge and Security and Intercreditor Agreement (Neiman Marcus Group Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Lev Pharmaceuticals Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the other Security Documents and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ ' obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.4. The Grantors’ Each Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Action Performance Companies Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, subject to the terms of the Intercreditor Agreement, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Collateral Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any each Grantor has agreed to perform or pay in this Security Agreement and the Grantors each Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.48.3. The Grantors’ Each Grantor's obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement Agreement, and the Grantors such Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ Such Grantor's obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Iron Mining Group, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors such Grantor shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.48.3. The Grantors’ Such Grantor’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.. Fortress/XX Xxxxxxxxxx XX Holdings, LLC/XX Xxxxxxxxxx XX, LLC Pledge and Security Agreement
Appears in 1 contract
Samples: Pledge and Security Agreement (Nevada Gold & Casinos Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may may, after the occurrence and during the continuance of an Event of Default, perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Lions Gate Entertainment Corp /Cn/)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.47.4. The Grantors’ ' obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.. 7.5
Appears in 1 contract
Samples: Execution Version Pledge and Security Agreement (Daktronics Inc /Sd/)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, following the occurrence and during the continuance of an Event of Default, the Notes Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in under this Security Agreement and the Grantors such Grantor shall reimburse the Notes Collateral Agent for any amounts paid by the Notes Collateral Agent pursuant to this Section 8.47.4. The Grantors’ Each Grantor’s obligation to reimburse the Notes Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement the Loan Documents and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.49.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Loan Agreement (Horizon Global Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement Agreement, and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has the Grantors have agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.48.3. The Grantors’ ' obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Security Agreement (Daisytek International Corporation /De/)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and which such Grantor has failed to timely perform or pay and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral either Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement to the extent Grantors fail to do so and the Grantors shall reimburse the Collateral such Agent for any amounts paid by the Collateral such Agent pursuant to this Section 8.4. The Grantors’ ' obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demandpromptly and in any event within ten (10) days after written demand therefor.
Appears in 1 contract
Samples: Pledge and Security Agreement (Dura Automotive Systems Inc)
