Failure of Grantor to Perform. If any Grantor fails to perform or comply with any of its agreements contained herein, the Administrative Agent, at its option, but without any obligation so to do, may following not less than five (5) days’ prior written notice to the Borrower, perform or comply, or otherwise cause performance or compliance, with such agreement.
Appears in 2 contracts
Sources: Second Lien Guarantee and Collateral Agreement (Spanish Broadcasting System Inc), First Lien Guarantee and Collateral Agreement (Spanish Broadcasting System Inc)
Failure of Grantor to Perform. If any Grantor fails to perform or comply with any of its agreements contained herein, the Administrative Agent, at its option, but without any obligation so to do, may following not less than five (5) days’ ' prior written notice to the Borrower, perform or comply, or otherwise cause performance or compliance, with such agreement.
Appears in 1 contract
Sources: Guarantee and Collateral Agreement (Spanish Broadcasting System Inc)