Common use of Debt Agreements Clause in Contracts

Debt Agreements. Parent shall not, and shall cause ADLI and the other members of the Parent Group not to, take any action or omit to take any action that would cause or result in an event of default under the Debt Agreements. Parent shall promptly notify Sub of any notice of default under the Debt Agreements, and agrees to use its best efforts to promptly cure such event of default and cooperate with Sub in furtherance of the foregoing.

Appears in 3 contracts

Samples: Reorganization Agreement (C Quential Inc), Reorganization Agreement (C Quential Inc), Reorganization Agreement (C Quential Inc)

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Debt Agreements. Parent shall not, and shall cause ADLI and --------------- the other members of the Parent Group not to, take any action or omit to take any action that would cause or result in an event of default under the Debt Agreements. Parent shall promptly notify Sub of any notice of default under the Debt Agreements, and agrees to use its best efforts to promptly cure such event of default and cooperate with Sub in furtherance of the foregoing.

Appears in 1 contract

Samples: Reorganization Agreement (C Quential Inc)

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