Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may perform or pay any obligation which the Debtor has agreed to perform or pay in this Security Agreement and the Debtor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Debtor's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 4 contracts
Samples: Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may perform or pay any obligation which the Debtor Borrower has agreed to perform or pay in this Security Agreement and the Debtor Borrower shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The DebtorBorrower's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Matrix Service Co), Credit Agreement (Viad Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which the Debtor Borrower has agreed to perform or pay in this Security Agreement and the Debtor Borrower shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.3. The Debtor's Borrower’s obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation included in the Obligations payable on demand.
Appears in 1 contract
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent Agent, after notice to the Borrower, may perform or pay any obligation which the Debtor Borrower has agreed to perform or pay in this Security Agreement and the Debtor Borrower shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The DebtorBorrower's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Chromcraft Revington Inc)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may perform or pay any obligation which the a Debtor has agreed to perform or pay in this Security Agreement and the Debtor Debtors, jointly and severally, shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Debtor's Debtors’ obligation to reimburse the 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, upon the occurrence and during the continuance of an Event of Default, the Agent may perform or pay any obligation which the Debtor Term Borrower has agreed to perform or pay in this Security Agreement and the Debtor Term Borrower shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.37.3. The Debtor's Term Borrower’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured an Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Sand Springs Railway CO)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which the Debtor has Obligors have agreed to perform or pay in this Security Agreement and the Debtor Obligors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.3. The DebtorEach Obligor'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 Agent may perform or pay any obligation which the Debtor Borrower or the Co-Pledgor has agreed to perform or pay in this Security Pledge Agreement and the Debtor Borrower or the Co-Pledgor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.38.2. The DebtorBorrower's and Co-Pledgor's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Pledge and Security Agreement (Daisytek International Corporation /De/)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may perform or pay any obligation which the Debtor has agreed to perform or pay in this Security Agreement if the Debtor fails to timely pay such obligations and the Debtor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Debtor's obligation to reimburse the 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 Agent may perform or pay any obligation which the Debtor Borrower has agreed to perform or pay in this Security Agreement and the Debtor Borrower shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Debtor's Borrower’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Credit Agreement (Viad Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may perform or pay any obligation which the Debtor has agreed to perform or pay in this Security Agreement if the Debtor fails to timely pay such obligations and the Debtor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Debtor's ’s obligation to reimburse the 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 Agent may perform or pay any obligation which the Debtor such Guarantor has agreed to perform or pay in this Subsidiary Security Agreement and the Debtor such Guarantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The DebtorSuch Guarantor's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Credit Agreement (Viad Corp)
Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Agent may perform or pay any obligation which the Debtor each Guarantor has agreed to perform or pay in this Subsidiary Security Agreement and the Debtor such Guarantor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Debtor's Each Guarantor’s obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
Samples: Credit Agreement (Viad Corp)
Secured Party Performance of Debtor Obligations. Without having any ----------------------------------------------- obligation to do so, the Agent may perform or pay any obligation which the any Debtor has agreed to perform or pay in this Security Agreement and the such Debtor shall reimburse the Agent for any amounts paid by the Agent pursuant to this Section 8.3. The Each Debtor's obligation to reimburse the Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.
Appears in 1 contract
