Common use of Certain Consents and Waivers Clause in Contracts

Certain Consents and Waivers. (a) Assignor hereby consents to the execution, by the other Partners, of agreements similar to this Agreement in favor of the Agent for the benefit of the Secured Parties. Assignor specifically agrees that such other agreements may, among other things, assign or delegate to the Agent rights to cure defaults under the Partnership Agreement, to exercise voting rights and other rights to manage or control the GAS LP, and to act as such other Partner's attorney in fact in a manner similar to the assignment and delegation of such rights provided herein and that, to the extent permitted by applicable law, Assignor will recognize and accept such assignment and delegation and the exercise of such rights by the Agent in connection with any actions by or business of GAS LP.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Project Orange Capital Corp), Pledge and Security Agreement (Project Orange Capital Corp)

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Certain Consents and Waivers. (a) Assignor hereby consents to the execution, by the other Partners, of agreements similar to this Agreement in favor of the Agent for the benefit of the Secured Parties. Assignor specifically agrees that such other agreements may, among other things, assign or delegate to the Agent rights to cure defaults under the Partnership Agreement, to exercise voting rights and other rights to manage or control the GAS LPOrange L.P., and to act as such other Partner's attorney in fact in a manner similar to the assignment and delegation of such rights provided herein and that, to the extent permitted by applicable law, Assignor will recognize and accept such assignment and delegation and the exercise of such rights by the Agent in connection with any actions by or business of GAS LP.Orange L.P..

Appears in 1 contract

Samples: Pledge and Security Agreement (Project Orange Capital Corp)

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Certain Consents and Waivers. (a) Assignor hereby consents to the execution, by the other PartnersPartner, of agreements similar to this Agreement in favor of the Agent for the benefit of the Secured Parties. Assignor specifically agrees that such other agreements may, among other things, assign or delegate to the Agent rights to cure defaults under the Partnership Agreement, to exercise voting rights and other rights to manage or control the GAS LPOrange L.P., and to act as such other Partner's attorney in fact in a manner similar to the assignment and delegation of such rights provided herein and that, to the extent permitted by applicable law, Assignor will recognize and accept such assignment and delegation and the exercise of such rights by the Agent in connection with any actions by or business of GAS LP.Orange L.P..

Appears in 1 contract

Samples: Pledge and Security Agreement (Project Orange Capital Corp)

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