Common use of Performance by the Lender Clause in Contracts

Performance by the Lender. Should Borrower fail to perform any covenant, duty or agreement contained herein or in any of the other Loan Documents, the Lender or the Agent may perform or attempt to perform such covenant, duty or agreement on behalf of Borrower. In such event, Borrower shall, at the request of the Lender or the Agent, promptly pay any amount reasonably expended by the Lender or the Agent in such performance or attempted performance to the Lender or the Agent at its principal office, together with interest thereon, at the interest rate specified in the Debenture, from the date of such expenditure until paid. Notwithstanding the foregoing, it is expressly understood that the Lender or the Agent assumes no liability or responsibility for the performance of any duties of Borrower hereunder or under any of the other Loan Documents.