Common use of Formation Agreements Clause in Contracts

Formation Agreements. Pledgor shall, at its expense: (i) perform and comply in all material respects with all terms and provisions of any applicable Formation Agreement required to be performed or complied with by such agreement; (ii) maintain such Formation Agreement in full force and effect, without any cancellation or termination thereof, or any amendment, supplement, or other modification thereto (if such action could adversely affect the rights and remedies of the Credit Parties under the Loan Documents), except as explicitly required or contemplated by its terms (as in effect on the date hereof) or as permitted under the Credit Agreement, without the prior written consent of Secured Party; (iii) enforce such Formation Agreement in accordance with its terms, without waiving any default under or breach of such Formation Agreement or waiving, failing to enforce, forgiving, or releasing any material right, interest, or entitlement of any kind, howsoever arising, under or in respect of such Formation Agreement; and (iv) take all such action to that end as from time to time may be reasonably requested by Secured Party.

Formation Agreements. Each Pledgor shall, at its expense: (i) perform and comply in all material respects with all terms and provisions of any applicable Formation Agreement required to be performed or complied with by such agreement; (ii) maintain such Formation Agreement in full force and effect, without any cancellation or termination thereof, or any amendment, supplement, or other modification thereto (if such action could adversely affect the rights and remedies of the Credit Parties under the Loan Documents), except as explicitly required or contemplated by its terms (as in effect on the date hereof) or as permitted under the Credit Agreement, without the prior written consent of Secured Party; (iii) enforce such Formation Agreement in accordance with its terms, without waiving any default under or breach of such Formation Agreement or waiving, failing to enforce, forgiving, or releasing any material right, interest, or entitlement of any kind, howsoever arising, under or in respect of such Formation Agreement; and (iv) take all such action to that end as from time to time may be reasonably requested by Secured Party.