Common use of Performance By The Collateral Agent Clause in Contracts

Performance By The Collateral Agent. If the Assignors fail to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the Assignors.

Appears in 1 contract

Sources: Security Agreement (Reading & Bates Corp)

Performance By The Collateral Agent. If the Assignors fail Assignor fails to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the AssignorsAssignor.

Appears in 1 contract

Sources: Security Agreement (R&b Falcon Corp)

Performance By The Collateral Agent. If the Assignors fail Assignor fails to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the AssignorsAssignor.

Appears in 1 contract

Sources: Credit Agreement (Vestar Capital Partners Iv Lp)

Performance By The Collateral Agent. If the Assignors fail to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent (or Collateral Trustee, as the case may be) incurred in connection therewith shall be payable to the Collateral Agent (or Collateral Trustee, as the case may be) by the Assignors.

Appears in 1 contract

Sources: Security Agreement (Reading & Bates Corp)

Performance By The Collateral Agent. If the Assignors fail Assignor fails to perform any agreement or obligation contained herein, the Collateral Agent itself may perform or cause performance of such agreement or obligation, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable to the Collateral Agent by the AssignorsAssignor.

Appears in 1 contract

Sources: Security Agreement (Pca Valdosta Corp)