Impairment of System Contract Sample Clauses

Impairment of System Contract. Any System Contract (other ----------------------------- than a Capacity Sales Agreement) shall cease to be valid and binding and in full force and effect, other than, except with respect to a Supply Contract and a Supply Contract Guarantee, as contemplated by the terms of Section 6.07; ------------ provided that, with respect to any such System Contract (other than a Supply -------- Contract Guarantee and, unless a Supply Contract is being replaced in accordance with Section 7.11, the related Contractor Consent, as to which the following ------------ provision shall not be applicable), an Event of Default shall not occur under this Section so long as such event is cured by the Borrower by replacing such System Contract with the consent of the Majority Lenders (such consent not to be unreasonably withheld or delayed) within 60 days of the occurrence of such event.
Sample 1
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Impairment of System Contract. Any Material System Contract ----------------------------- shall cease to be valid and binding and in full force and effect, other than as contemplated by the terms of Section 6.07; provided that, with respect to any ------------ -------- such Material System Contract (other than the Supply Contract Guaranty), it shall not constitute an Event of Default under this Section so long as such event is cured by the Borrower by replacing such Material System Contract with the consent of the Required Lenders (such consent not to be unreasonably withheld or delayed) within 60 days of such event.
Sample 1
Impairment of System Contract. Any System Contract shall ----------------------------- cease to be valid and binding and in full force and effect, other than as contemplated by the terms of Section 6.07; provided ------------ -------- that with respect to any such System Contract (other than the Supply Contract Guaranty and, unless the Supply Contract is being replaced in accordance with Section 7.11, the SSI Consent, as to which the following provision shall not be ------------ applicable), it shall not constitute an Event of Default under this Section so long as such event is cured by the Borrower by replacing such System Contract with the consent of the Majority Lenders (such consent not to be unreasonably withheld or delayed) within 60 days of such event.
Sample 1

Related to Impairment of System Contract

  • Continuity of Services If Insurance Company is subject to supervision, seizure, conservatorship or receivership, 1851 will continue to maintain any systems, programs or other infrastructure, notwithstanding such supervision, seizure, conservatorship or receivership of the Insurance Company, and will make them available to the receiver or superintendent as ordered or directed by the receiver or superintendent for so long as 1851 continues to receive timely payment for post-receivership services rendered, and unless released by the receiver, superintendent or supervising court.

  • Payment of Wages The Borrower and each of its Subsidiaries are in compliance with the Fair Labor Standards Act, as amended, in all material respects, and to the knowledge of the Borrower and each of its Subsidiaries, such Persons have paid all minimum and overtime wages required by law to be paid to their respective employees.

  • Engagement of Services 1.1. The Company hereby engages the Consultant to provide the Services and assist the Company with its Work as an independent contractor to the Company.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Customer Contracts Promptly after any Loan Party becoming aware of the same, the Borrower shall give the Administrative Agent written notice of any cancellation, termination or loss of any material Contractual Obligation or other customer arrangement.

  • Continuity of Service and Performance Unless otherwise agreed in writing, the Parties shall continue to provide service and honor all other commitments under this Agreement during the course of a Dispute with respect to all matters not subject to such Dispute.

  • Sub-Contracting JHSS may subcontract for the performance hereof, provided, however, that (a) upon engagement of any such subcontractor, and at least annually thereafter, JHSS discloses to the Board the financial terms of such subcontract and a summary of the services provided to the Fund pursuant to such subcontract, and (b) JHSS shall be as fully responsible to the Fund for any acts or omissions of any such subcontractor as JHSS is for its own acts and omissions.

  • Continuous Perfection Grantor shall not change its name, identity or corporate structure in any manner which might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of section 9-402(7) of the UCC or any other then applicable provision of the UCC unless Grantor shall have given Lender at least thirty (30) days’ prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in advance) necessary or reasonably requested by Lender to amend such financing statement or continuation statement so that it is not seriously misleading.

  • Contract in Force As of the Closing Date (or the applicable Subsequent Transfer Date in the case of Subsequent Contracts), no Contract has been satisfied or subordinated in whole or in part or rescinded, and the related Motorcycle securing any Contract has not been released from the lien of the Contract in whole or in part.

  • Disaster Recovery and Business Continuity Company has developed and implemented a contingency planning program to evaluate the effect of significant events that may adversely affect the customers, assets, or employees of Company and Company Bank. To Company’s Knowledge, such program ensures that Company can recover its mission critical functions, and complies in all material respects with the requirements of the FFIEC and the FDIC.

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