Common use of Performance by the Bank Clause in Contracts

Performance by the Bank. If the Borrower or any Obligated Party shall fail to perform any covenant or agreement in accordance with the terms of the Loan Documents, the Bank may perform or attempt to perform such covenant or agreement on behalf of the Borrower or the applicable Obligated Party. In such event, the Borrower shall, at the request of the Bank, promptly pay any amount reasonably expended by the Bank in connection with such performance or attempted performance to the Bank at the Principal Office, together with interest thereon at the applicable Default Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that the Bank shall not have any liability or responsibility for the performance of any obligation of the Borrower or any Obligated Party under any Loan Document.

Performance by the Bank. If the either Borrower or any Obligated Party shall fail to perform any covenant or agreement in accordance with the terms of the Loan Documents, the Bank may perform or attempt to perform such covenant or agreement on behalf of the Borrower Borrowers or the applicable Obligated Party. In such event, the Borrower Borrowers shall, at the request of the Bank, promptly pay any amount reasonably expended by the Bank in connection with such performance or attempted performance to the Bank at the Principal Office, together with interest thereon at the applicable Default Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the foregoing, it is expressly agreed that the Bank shall not have any no liability or responsibility for the performance of any obligation of the Borrower Borrowers or any Obligated Party under this Agreement or any of the other Loan DocumentDocuments.