Common use of Right of Pledgee to Perform Pledgor's Covenants, Etc Clause in Contracts

Right of Pledgee to Perform Pledgor's Covenants, Etc. If any Pledgor fails to make any payment or to perform any agreement required to be made or performed hereunder, the Pledgee may (but need not) at any time thereafter make such payment or perform such act, or otherwise cause such payment or performance. No such action will