Common use of Loan Parties' Cooperation; Transfers Clause in Contracts

Loan Parties' Cooperation; Transfers. In connection with the enforcement by Administrative Agent of any remedies available to it as a result of any Event of Default and subject to the provisions of Section 10.10(a), Loan Parties shall join and cooperate fully with Administrative Agent, and with any receiver or trustee referred to herein and with the successful bidder or bidders at any foreclosure sale when any of these entities file an application with the FCC or PUC, or with any necessary federal, state and local governmental authorities, requesting their prior approval of (i) the operation or abandonment of all or any portion of the Collateral and (ii) the assignment or transfer to such entity of all licenses, authorizations and permits issued to any Loan Party by the FCC, PUC or any such other authorities with respect to Loan Parties' business and the operation thereof. Loan Parties' cooperation shall include, without limitation, the furnishing of any information that may be required in connection with such applications.

Appears in 2 contracts

Samples: Loan and Security Agreement (Us Lec Corp), Loan and Security Agreement (Us Lec Corp)

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Loan Parties' Cooperation; Transfers. In connection with the enforcement by the Administrative Agent of any remedies available to it as a result of any Event of Default and subject to the provisions of Section 10.10(a), 9.10(a) the Loan Parties shall join and cooperate fully with the Administrative Agent, and with any receiver or trustee referred to herein and with the successful bidder or bidders at any foreclosure sale when any of these entities file files an application with the FCC or any PUC, or with any necessary federal, state and local governmental authorities, requesting their prior approval of (i) the operation or abandonment of all or any portion of the Collateral and (ii) the assignment or transfer to such entity of all licenses, authorizations and permits Permits issued to any Loan Party by the FCC, any PUC or any such other authorities with respect to the Loan Parties' business and the operation thereof. The Loan Parties' cooperation shall include, include without limitation, limitation the furnishing of any information that may be required in connection with such applications.

Appears in 1 contract

Samples: Loan and Security Agreement (Eschelon Telecom Inc)

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Loan Parties' Cooperation; Transfers. In connection with the enforcement by the Administrative Agent of any remedies available to it as a result of any Event of Default and subject to the provisions of Section 10.10(aSubsection 9.10(a), the Loan Parties shall join and cooperate fully with the Administrative Agent, and with any receiver or trustee referred to herein and with the successful bidder or bidders at any foreclosure sale when any of these entities file files an application with the FCC or any PUC, or with any necessary federal, state and local governmental authorities, requesting their prior approval of (i) the operation or abandonment of all or any portion of the Collateral and (ii) the assignment or transfer to such entity of all licenses, authorizations and permits Permits issued to any Loan Party by the FCC, any PUC or any such other authorities with respect to the Loan Parties' business and the operation thereof. The Loan Parties' cooperation shall include, include without limitation, limitation the furnishing of any information that may be required in connection with such applications.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Xchange LLC)

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