Common use of Perform Obligations Clause in Contracts

Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Credit Party has failed to perform any of its covenants or agreements in the Loan Documents, the Lender may perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Lender in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 3 contracts

Samples: Credit Agreement (Valens Company, Inc.), Credit Agreement (SNDL Inc.), Credit Agreement (Valens Company, Inc.)

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Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Credit Party has failed to perform any of its covenants or agreements in the Loan Documents, the Lender may Lender, may, but will be under no obligation to perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Lender in respect of the foregoing shall will be an Obligation and shall will be secured by the Security.

Appears in 2 contracts

Samples: Credit Agreement (Strategic Storage Trust VI, Inc.), Credit Agreement (Strategic Storage Trust VI, Inc.)

Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Credit Party has failed to perform any of its covenants or agreements in the Loan Credit Documents, the Lender may may, but shall be under no obligation to, perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Credit Documents. The reasonable expenses (including any reasonable legal costs) paid by the Lender in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 2 contracts

Samples: Credit Agreement (Glamis Gold LTD), International Royalty Corp

Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Credit Restricted Party has failed to perform any of its covenants or agreements in the Loan Documents, the Lender may Lender, may, but will be under no obligation to, perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Lender in respect of the foregoing shall will be an Obligation and shall will be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (Dirtt Environmental Solutions LTD)

Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Credit Party has failed to perform any of its covenants or agreements in the Loan Documents, the Lender, may, but shall be under no obligation to, instruct the Lender may to perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid by the Lender in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (Sundial Growers Inc.)

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Perform Obligations. If an Event of Default has occurred and is continuing and if the Borrower or any Credit Party the Custodian has failed to perform any of its covenants or agreements in the Loan Credit Documents, the Lender may may, but shall be under no obligation to, perform any such covenants or agreements in any reasonable manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Credit Documents. The reasonable expenses (including any legal costs) paid or incurred by the Lender in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 1 contract

Samples: Credit Agreement (Americredit Corp)

Perform Obligations. If an Event of Default has occurred and is continuing continuing, and if the Borrower or any Credit Party has failed to perform any of its covenants or agreements in the Loan Documents, the Lender may may, but shall be under no obligation to, perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid incurred by the Lender in respect of the foregoing shall be an Obligation obligation of the Borrower and shall be secured by the Securitysecurity granted herein.

Appears in 1 contract

Samples: Credit Agreement (Algoma Steel Group Inc.)

Perform Obligations. If an Event of Default has occurred and is continuing continuing, and if the Borrower or any Credit Party Obligor has failed to perform any of its covenants or agreements in the Loan Documents, the Lender may may, but shall be under no obligation to, perform any such covenants or agreements in any manner deemed fit by the Lender without thereby waiving any rights to enforce the Loan Documents. The reasonable expenses (including any legal costs) paid incurred by the Lender in respect of the foregoing shall be an Obligation and shall be secured by the Security.

Appears in 1 contract

Samples: Loan Agreement (Monaco Group Inc)

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