Common use of Cure Defaults Clause in Contracts

Cure Defaults. The Lender (acting in the name of and on behalf of, the relevant Obligor) may, at its option and upon notice to the Company to that effect: 9.1.1 cure any default by any Obligor under any agreement with respect to a Receivable or under any other agreement with a third party as the Lender may consider necessary to facilitate the collection of Receivables or to facilitate access to any Security under any of the Security Documents; 9.1.2 make any payment, reach any settlement or compromise, issue, make or pay any bond; appeal any judgment against an Obligor or take any other action it may deem necessary to prevent any repossession, seizure, execution, attachment or similar process against any plant, machinery or other asset of an Obligor which might impair the Security (or the enforcement of any Security) granted to the Lender under any Security Document; and 9.1.3 discharge any Taxes and any other Security Interests from time to time subsisting with respect to any asset of any Obligor.

Cure Defaults. The Lender Agent (acting in the name of and on behalf of, the relevant Obligor) may, at its option and upon notice to the Company to that effect: 9.1.1 (a) cure any default by any Obligor under any agreement with respect to a Receivable or under any other agreement with a third party as the Lender Agent may consider necessary to facilitate the collection of Receivables or to facilitate access to any Security security under any of the Security Documents; 9.1.2 (b) make any payment, reach any settlement or compromise, issue, make or pay any bond; , appeal any judgment against an Obligor or take any other action it may deem necessary to prevent any repossession, seizure, execution, attachment or similar process against any plant, machinery or other asset of an Obligor which might impair the Security security (or the enforcement of any Securitysecurity) granted to the Lender Agent under any Security Document; and 9.1.3 (c) discharge any Taxes and any other Security Interests from time to time subsisting with respect to any asset of any Obligor.