Common use of Actions by Debtor Clause in Contracts

Actions by Debtor. If counsel to Secured Party reasonably determines that the consent of any Governmental Authority is required in connection with any of the actions which may be taken by Secured Party on behalf of the Lenders in the exercise of their Rights hereunder or under the Loan Documents, then Debtor, at its sole cost and expense, agrees to use its best efforts to secure such consent and to cooperate with Secured Party and Lenders in any action commenced by Secured Party to secure such consent. Upon the occurrence and during the continuation of a Default or Potential Default, Debtor shall promptly execute or cause the execution of all applications, certificates, instruments, and other documents and papers that the Secured Party may be required to file in order to obtain any necessary governmental consent, approval, or authorization, and if Debtor fails or refuses to execute such documents, then, on the order of any court of competent jurisdiction, the Clerk of the Court with jurisdiction may execute such documents on behalf of Debtor. Debtor further recognizes that a violation of this covenant would result in irreparable harm to Lenders for which monetary damages are not readily ascertainable and which might not fully compensate such Lenders. Therefore, in addition to any other remedy which may be available to the Lenders, at Law or in equity, Secured Party on behalf of Lenders shall have the remedy of specific performance of the provisions of this subsection.

Actions by Debtor. If counsel to Secured Party reasonably determines that the consent of any Governmental Authority is required in connection with any of the actions which may be taken by Secured Party on behalf of the Lenders in the exercise of their Rights hereunder or under the Loan Documents, then [each] Debtor, at its sole cost and expense, agrees to use its best efforts to secure such consent and to cooperate with Secured Party and Lenders in any action commenced by Secured Party to secure such consent. Upon the occurrence and during the continuation of a Default or Potential Default, [each] Debtor shall promptly execute or cause the execution of all applications, certificates, instruments, and other documents and papers that the Secured Party may be required to file in order to obtain any necessary governmental consent, approval, or authorization, and if [such] Debtor fails or refuses to execute such documents, then, on the order of any court of competent jurisdiction, the Clerk of the Court with jurisdiction may execute such documents on behalf of [such] Debtor. Debtor further recognizes that a violation of this covenant would result in irreparable harm to Lenders for which monetary damages are not readily ascertainable and which might not fully compensate such Lenders. Therefore, in addition to any other remedy which may be available to the Lenders, at Law or in equity, Secured Party on behalf of Lenders shall have the remedy of specific performance of the provisions of this subsection.

Actions by Debtor. If counsel Debtor agrees to take, and cause to be taken, any action which Secured Party may reasonably request in order to obtain and enjoy the full rights and benefits granted to Secured Party reasonably determines that the consent of by this Security Agreement and any Governmental Authority is required in connection with any of the actions which may be taken by Secured Party on behalf of the Lenders in the exercise of their Rights hereunder other instruments or under the Loan Documentsagreements executed pursuant hereto, then including, without limitation, Debtor, at its sole cost and expense, agrees to use its best efforts to secure such consent the Required Consents and to cooperate with Secured Party and Lenders in any action commenced by Secured Party to secure such consent. Upon the occurrence and during the continuation of a Default or Potential Default, Debtor shall promptly prepare and execute or cause the preparation and execution (including the preparation and execution by Communications) of all applications, certificates, instruments, and other documents and papers that the Secured Party may be required to file in order to obtain any necessary governmental consent, approval, or authorizationrequired consents, and if Debtor fails or refuses to prepare or execute (or cause preparation and execution of) such documents, then, on the order of any court of competent jurisdiction, the Clerk of the Court with jurisdiction may prepare and execute such documents on behalf of Debtor. Debtor further recognizes that a violation of this covenant would result in irreparable harm to Lenders Secured Party for which monetary damages are not readily ascertainable and which might not fully compensate such LendersSecured Party. Therefore, in addition to any other remedy which may be available to the LendersSecured Party, at Law law or in equity, Secured Party on behalf of Lenders shall have the remedy of specific performance of the provisions of this subsection.

Actions by Debtor. If counsel to Secured Party reasonably determines that the consent of any Governmental Authority is required in connection with any of the actions which may be taken by Secured Party on behalf of the Lenders in the exercise of their Rights hereunder or under the Loan Documents, then Debtor, at its sole cost and expense, agrees to use its best efforts to secure such consent and to cooperate with Secured Party and Lenders in any action commenced by Secured Party to secure such consent. Upon the occurrence and during the continuation of a Default or Potential Default, Debtor shall promptly execute or cause the execution of all applications, certificates, instruments, and other documents and papers that the Secured Party may be required to file in order to obtain any necessary governmental consent, approval, or authorization, and if Debtor fails or refuses to execute such documents, then, on the order of any court of competent jurisdiction, the Clerk of the Court with jurisdiction may execute such documents on behalf of Debtor. Debtor further recognizes that a violation of this covenant would result in irreparable harm to Lenders for which monetary damages are not readily ascertainable and which might not fully compensate such Lenders. Therefore, in addition to any other remedy which may be available to the Lenders, at Law or in equity, Secured Party on behalf of Lenders shall have the remedy of specific performance of the provisions of this subsection.