Common use of The Agent May Perform Clause in Contracts

The Agent May Perform. If the Grantor fails to perform any agreement contained herein, the Agent may itself perform, or cause performance of, such agreement after reasonable notice to the Grantor to the extent practicable, and the expenses of the Agent incurred in connection therewith shall be payable by the Grantor under Section 11.

Appears in 1 contract

Sources: Loan and Security Agreement (Mercator Software Inc)

The Agent May Perform. If the any Grantor fails to perform any --------------------- agreement contained herein, the Agent may itself upon notice to such Grantor perform, or cause performance of, such agreement after reasonable notice to the Grantor to the extent practicableagreement, and the expenses of the Agent incurred in connection therewith shall be payable by the such Grantor under Section 1111(b).

Appears in 1 contract

Sources: Intellectual Property Security Agreement (Iron Age Corp)