Compliance with Contractual Obligations. Each Consolidated Entity will perform all of its obligations in respect of all material contracts to which it is a party and will use its best efforts to keep, and to take all action to keep, such contracts in full force and effect and not allow any such contract to lapse or be terminated or any rights to renew such to be forfeited or canceled, if such lapse, etc. could have a Material Adverse Effect; provided, however, that any such contract may lapse or be terminated or such renewal rights may be forfeited or canceled if in the reasonable business judgment of the Consolidated Entities it is in their best interests to allow or cause such lapse, termination, forfeiture or cancellation.
Appears in 6 contracts
Samples: Credit Agreement (Alfa Corp), Credit Agreement (Books a Million Inc), Loan Agreement (Response Oncology Inc)
Compliance with Contractual Obligations. Each Consolidated Borrower Entity will perform all of its obligations in respect of all material contracts to which it is a party and will use its best efforts to keep, and to take all action to keep, such contracts in full force and effect and not allow any such contract to lapse or be terminated or any rights to renew such to be forfeited or canceled, if such lapse, etc. could would have a Material Adverse Effect; provided, however, that any such contract may lapse or be terminated or such renewal rights may be forfeited or canceled if in the reasonable business judgment of the Consolidated Borrower Entities it is in their best interests to allow or cause such lapse, termination, forfeiture or cancellation.
Appears in 2 contracts
Samples: Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Physicians Resource Group Inc)
Compliance with Contractual Obligations. Each Consolidated Borrower Entity will perform all of its obligations in respect of all material contracts to which it is a party and will use its best efforts to keep, and to take all action to keep, such contracts in full force and effect and not allow any such contract to lapse or be terminated or any rights to renew such to be forfeited or canceled, if such lapse, etc. could would have a Material Adverse Effect; provided, however, that any such contract may lapse or be terminated or such renewal rights may be 50 forfeited or canceled if in the reasonable business judgment of the Consolidated Borrower Entities it is in their best interests to allow or cause such lapse, termination, forfeiture or cancellation.
Appears in 1 contract
