Common use of Communication With Contracting Parties Clause in Contracts

Communication With Contracting Parties. Upon the occurrence and during the continuance of an Event of Default, the Senior Collateral Agent in its own name or in the name of its nominee may communicate with parties to the Contracts to verify with them to the Senior Collateral Agent's reasonable satisfaction the existence, amount and terms of any Contracts. To the extent reasonably practicable the Senior Collateral Agent will seek to take such actions through third parties.

Appears in 2 contracts

Samples: Senior Subsidiary Security Agreement (Rite Aid Corp), Senior Subsidiary Security Agreement (Rite Aid Corp)

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Communication With Contracting Parties. Upon the occurrence and during the continuance of an Event of Default, the Senior Collateral Agent in its their own name names or in the name of its nominee their nominees may communicate with parties to the Contracts to verify with them to the Senior Collateral Agent's ’s reasonable satisfaction the existence, amount and terms of any Contracts. To the extent reasonably practicable the Senior Collateral Agent will seek to take such actions through third parties.

Appears in 1 contract

Samples: Senior Subsidiary Security Agreement (Rite Aid Corp)

Communication With Contracting Parties. Upon the occurrence and during the continuance of an Event of Default, the Senior Collateral Agent in its Agents their own name names or in the name of its nominee their nominees may communicate with parties to the Contracts to verify with them to the Senior Collateral Agent's Agents’ reasonable satisfaction the existence, amount and terms of any Contracts. To the extent reasonably practicable the Senior Collateral Agent Agents will seek to take such actions through third parties.

Appears in 1 contract

Samples: Senior Subsidiary Security Agreement (Rite Aid Corp)

Communication With Contracting Parties. Upon the occurrence and during the continuance of an Event of Default, the Senior Collateral Agent in its their own name names or in the name of its nominee their nominees may communicate with parties to the Contracts to verify with them to the Senior Collateral Agent's ’s reasonable satisfaction the existence, amount and terms of any Contracts. To the extent reasonably practicable the Senior Collateral Agent will seek to take such actions through third parties. SECTION 7.

Appears in 1 contract

Samples: Senior Security Agreement

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Communication With Contracting Parties. Upon the occurrence and during the continuance of an Event of Default, the Senior Collateral Agent Agents in its their own name names or in the name of its nominee their nominees may communicate with parties to the Contracts to verify with them to the Senior Collateral Agent's Agents' reasonable satisfaction the existence, amount and terms of any Contracts. To the extent reasonably practicable the Senior Collateral Agent Agents will seek to take such actions through third parties.

Appears in 1 contract

Samples: Senior Subsidiary Security Agreement (Rite Aid Corp)

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