Common use of Compliance with Terms of Leaseholds Clause in Contracts

Compliance with Terms of Leaseholds. Make all payments and otherwise perform all obligations in respect of all leases of real and personal property to which any Loan Party or any of their respective Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases to be forfeited or cancelled unless such Loan Party determines in its reasonable business judgment that it does not require such lease to be renewed, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

Appears in 7 contracts

Samples: Credit Agreement (Suburban Propane Partners Lp), Security Agreement (Suburban Propane Partners Lp), Existing Credit Agreement (Suburban Propane Partners Lp)

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Compliance with Terms of Leaseholds. Make all payments and otherwise perform all obligations in respect of all leases of real and personal property to which any Loan Party or any of their respective Subsidiaries it is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases to be forfeited or cancelled unless such Loan Party determines in its reasonable business judgment that it does not require such lease to be renewedcancelled, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Material Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Credit Agreement (GENTHERM Inc), Credit Agreement (GENTHERM Inc), Credit Agreement (GENTHERM Inc)

Compliance with Terms of Leaseholds. Make all payments and otherwise perform in all material respects all obligations in respect of all leases of real and personal property to which any Loan Party the Company or any of their respective its Subsidiaries is a partyparty and which are material to the Company’s or such Subsidiary’s business or operations, keep such leases in full force and effect and not allow such leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases to be forfeited or cancelled (unless such Loan Party determines in its reasonable consistent with the business judgment that it does not require such lease plans delivered pursuant to be renewedSection 6.01(c)), notify the Administrative Agent of any material default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Asyst Technologies Inc), Credit Agreement (Asyst Technologies Inc)

Compliance with Terms of Leaseholds. Make Except as otherwise expressly permitted hereunder, (a) make all payments and otherwise perform all obligations in respect of all leases of real and personal property Leases to which any Loan Party or any of their respective its Subsidiaries is a party, keep such leases Leases in full force and effect and effect, (b) not allow such leases Leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases Leases to be forfeited or cancelled unless except to the extent such Lease is no longer used or useful in the conduct of the business of the Loan Party determines Parties in its reasonable business judgment that it does not require such lease to be renewedthe ordinary course of business, consistent with past practices, (c) notify the Administrative Agent of any default by any party with respect to such leases Leases and cooperate with the Administrative Agent in all respects to cure any such default, and (d) cause each of its Subsidiaries to do sothe foregoing, except, in any each case, where the failure to do so, either individually or in the aggregate, could not reasonably be reasonably likely expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Torrid Holdings Inc.), Term Loan Credit Agreement (Torrid Holdings Inc.)

Compliance with Terms of Leaseholds. Make all payments and otherwise perform all obligations in respect of all leases of real and personal property to which any Loan Party the Borrower or any of their respective its Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases to be forfeited or cancelled unless such Loan Party determines in its reasonable business judgment that it does not require such lease to be renewedcancelled, notify the Administrative Agent of any material default of which it is aware by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such defaultdefault by a Loan Party, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Building Materials Corp of America), Credit Agreement (Building Materials Manufacturing Corp)

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Compliance with Terms of Leaseholds. Make all payments and otherwise perform all obligations in respect of all leases of real and personal property to which any Loan Party or any of their respective Restricted Subsidiaries is a party, keep such leases in full force and effect and not allow such leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases to be forfeited or cancelled unless such Loan Party determines in its reasonable business judgment that it does not require such lease to be renewed, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Restricted Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Suburban Propane Partners Lp)

Compliance with Terms of Leaseholds. Make all payments and otherwise perform all material obligations in respect of all material leases of real and personal property to which any Loan Party or any of their respective its Subsidiaries is a party, keep such leases in full force and effect (to the extent it can do so) and not allow such leases to lapse or be terminated (except at the end of the contractual term of such leases) or any rights to renew such leases to be forfeited or cancelled unless (except where such Loan Party determines lapse, termination, forfeiture or cancellation could not reasonably be expected to result in its reasonable business judgment that it does not require such lease to be reneweda Material Adverse Effect), notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all respects to cure any such default, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Alpharma Inc)

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