Common use of Compliance with Instruments Clause in Contracts

Compliance with Instruments. The Trustor at its expense will promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit Agreement, the Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments and will not, without the prior written consent of the Beneficiary, amend any of such instruments in any manner adverse to the Fixed Assets Lenders in any material respect.

Appears in 2 contracts

Samples: Security Agreement and Fixture (Sterling Chemical Inc), Security Agreement and Fixture (Sterling Chemical Inc)

AutoNDA by SimpleDocs

Compliance with Instruments. The Trustor at its expense will promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit Agreement, the The Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments instruments, and will not, without the prior written consent of the Beneficiary, amend any of such instruments in any manner adverse to the Fixed Assets Lenders Beneficiary and the Secured Parties in any material respect, except as is permitted by the Indenture, the Notes or any Collateral Document.

Appears in 1 contract

Samples: Security Agreement (Sterling Chemicals Inc)

Compliance with Instruments. The Trustor at its expense will --------------------------- promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit Agreement, the The Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments and will not, without the prior written consent of the Beneficiary, amend in any material respect any of such instruments in any manner adverse to the Fixed Assets Lenders in any material respectinstruments.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

Compliance with Instruments. The Trustor at its expense will promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit Agreement, the Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments and will not, without the prior written consent of the Beneficiary, amend any of such instruments in any manner adverse to the Fixed Current Assets Lenders in any material respect.

Appears in 1 contract

Samples: Security Agreement and Fixture (Sterling Chemical Inc)

Compliance with Instruments. The Trustor at its expense will promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit Agreement, the The Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments instruments, and will not, without the prior written consent of the Beneficiary, amend any of such instruments in any manner adverse to the Fixed Assets Lenders Beneficiary and the Holders in any material respect, except as is permitted by the Indenture, the Senior Notes or any Security Document.

Appears in 1 contract

Samples: Sterling Chemical Inc

AutoNDA by SimpleDocs

Compliance with Instruments. The Trustor at its expense will promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit Agreement, the The Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments and will not, without the prior written consent of the Beneficiary, amend any of such instruments in any manner adverse to the Fixed Assets Lenders in any material respectinstruments.

Appears in 1 contract

Samples: Leiner Health Products Inc

Compliance with Instruments. The Trustor at its expense will promptly comply in all material respects with all rights of way or use, privileges, franchises, servitudes, licenses, easements, tenements, hereditaments and appurtenances forming a part of the Property and all instruments creating or evidencing the same, in each case, to the extent compliance therewith is required of the Trustor under the terms thereof. Except as is permitted by the Credit AgreementIndenture and any Security Agreements executed pursuant to the Indenture, the Trustor will not take any action which may result in a forfeiture or termination of the rights afforded to the Trustor under any such instruments instruments, and will not, without the prior written consent of the Beneficiary, amend any of such instruments in any manner adverse to the Fixed Assets Lenders Beneficiary and the Holders in any material respect.

Appears in 1 contract

Samples: Sterling Chemical Inc

Time is Money Join Law Insider Premium to draft better contracts faster.