Common use of Compliance with Terms of Accounts, etc Clause in Contracts

Compliance with Terms of Accounts, etc. Each Grantor shall perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Instruments and Licenses and all other agreements to which it is a party or by which it is bound if failure to conform and comply could reasonably be expected to have a Material Adverse Effect; provided, however, that such Grantor may suspend its performance thereunder in the event of a material breach of any such obligations by third parties.

Appears in 2 contracts

Samples: Security Agreement (West Marine Inc), Security Agreement (West Marine Inc)

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Compliance with Terms of Accounts, etc. Each In all material respects, each Grantor shall promptly perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Pledged Instruments and Licenses licenses and all other agreements to which it is a party or by which it is bound if failure to conform and comply could reasonably be expected to have a Material Adverse Effectbound; provided, however, that such Grantor may suspend its performance thereunder in the event of a bona fide dispute or material breach of any such obligations by third parties, or pursuant to any other term of such agreements that allow such Grantor to suspend performance.

Appears in 2 contracts

Samples: Security Agreement (Cinedigm Corp.), Second Lien Security Agreement (Cinedigm Corp.)

Compliance with Terms of Accounts, etc. Each In all material respects, each Grantor shall promptly perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Instruments and Licenses licenses and all other agreements to which it is a party or by which it is bound if failure to conform and comply could reasonably be expected to have a Material Adverse Effectbound; provided, however, that such Grantor may suspend its performance thereunder in the event of a bona fide dispute or material breach of any such obligations by third parties, or pursuant to any other term of such agreements that allow such Grantor to suspend performance.

Appears in 1 contract

Samples: Security Agreement (Cinedigm Corp.)

Compliance with Terms of Accounts, etc. Each In all material respects, each Grantor shall perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Instruments and Licenses and all other agreements to which it is a party or by which it is bound if failure to conform and comply could reasonably be expected to have a Material Adverse Effectbound; provided, however, that such each Grantor may suspend its performance thereunder in the event of a material breach of any such obligations by third parties.

Appears in 1 contract

Samples: Security Agreement (IPC the Hospitalist Company, Inc.)

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Compliance with Terms of Accounts, etc. Each In all material respects, the each Grantor shall perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Instruments and Licenses and all other agreements to which it is a party or by which it is bound if failure to conform and comply could reasonably be expected to have a Material Adverse Effectbound; provided, however, that such Grantor may suspend its performance thereunder in the event of a material breach of any such obligations by third parties.

Appears in 1 contract

Samples: Guaranty Agreement (American Commercial Lines Inc.)

Compliance with Terms of Accounts, etc. Each In all material respects, each Grantor shall promptly perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts, Documents, Instruments and Licenses licenses and all other agreements to which it is a party or by which it is bound if failure to conform and comply could reasonably be expected to have a Material Adverse Effectbound; provided, however, that such Grantor may suspend its performance thereunder in the event of a bona fide dispute or material breach of any such obligations by third partiesparties or if an Event of Default has occurred and is continuing but could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Genius Products Inc)

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