Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Grantor has agreed to perform or pay in this Security Agreement and the Grantor shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.4. The Grantor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 9 contracts
Samples: Pledge and Security Agreement (Magnetek Inc), Pledge and Security Agreement (Magnetek Inc), Pledge and Security Agreement (Material Sciences Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the any Grantor has agreed to perform or pay in this Security Agreement and the Grantor Grantors shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.4. The Grantor’s Grantors’ obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Security Agreement (Skyline Corp), Pledge and Security Agreement (Par Technology Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Grantor has agreed to perform or pay in this Security Agreement and the Grantor shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.47.4. The Grantor’s 's obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the any Grantor has agreed to perform or pay in this Security Agreement and the Grantor Grantors shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.47.4. The Grantor’s Grantors’ obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Arotech Corp), Pledge and Security Agreement (Franklin Covey Co)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the any Grantor has agreed to perform or pay in this Security Agreement and the Grantor Grantors shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.4. The Grantor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand7.4.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender Noteholder Representative may perform or pay any obligation which the any Grantor has agreed to perform or pay in this Pledge and Security Agreement and the Grantor Grantors shall reimburse the Lender Noteholder Representative for any amounts paid by the Lender Noteholder Representative pursuant to this Section 8.4. The Grantor’s Grantors’ obligation to reimburse the Lender Noteholder Representative pursuant to the preceding sentence shall be a Secured Obligation included in the Notes Obligations and payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Tetra Technologies Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Grantor has agreed to perform or pay in this Security Agreement and the Grantor Grantors shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.4. The Grantor’s Grantors’ obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Macquarie CNL Global Income Trust, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Grantor has agreed to perform or pay in this Security Agreement and the Grantor shall reimburse the Lender for any reasonable amounts paid by the Lender pursuant to this Section 8.4. The Grantor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Patent and Trademark Security Agreement (Rules-Based Medicine Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the either Grantor has agreed to perform or pay in this Security Agreement and the each Grantor shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.4. The Each Grantor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Servicesource International, Inc.)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender may perform or pay any obligation which the Grantor has agreed to perform or pay in this Security Agreement and the Grantor shall reimburse the Lender for any amounts paid by the Lender pursuant to this Section 8.47.4. The Grantor’s obligation to reimburse the Lender pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Mountain Valley Spring Co)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Lender Secured Party may perform or pay any obligation which the that any Grantor has agreed to perform or pay in this Security Agreement Agreement, and the such Grantor shall reimburse the Lender Secured Party for any amounts paid by the Lender Secured Party pursuant to this Section 8.4. The Each Grantor’s obligation to reimburse the Lender Secured Party pursuant to the preceding sentence shall be a Secured Obligation constitute Obligations payable on demand.
Appears in 1 contract
