The Collateral Agent May Perform. If the Debtor fails to perform any agreement contained herein, the Collateral Agent may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor under Section 4.5.
Appears in 2 contracts
Sources: Term Credit Agreement (Pillowtex Corp), Credit Agreement (Pillowtex Corp)
The Collateral Agent May Perform. If the Debtor Borrower fails to perform any agreement contained herein, the Collateral Agent may itself perform, or cause performance of, such agreement, and the reasonable expenses of the Collateral Agent incurred in connection therewith shall be payable by the Debtor Borrower under Section 4.5section 15.
Appears in 1 contract
Sources: Borrower Security Agreement (American Radio Systems Corp /Ma/)