Common use of Management and Consulting Arrangements Clause in Contracts

Management and Consulting Arrangements. Broker/Dealer covenants and agrees that, so long as Lender shall have any Loan Commitment hereunder, or the Loans or other Obligations (other than contingent obligations with respect to which no express indemnification claim has been made) shall remain unpaid or unsatisfied, it shall not directly or indirectly, except as set forth on Schedule 7(u), enter into any management, consulting or expense sharing arrangement with any Affiliate of Broker/Dealer, Holdings LP or any Subsidiary Broker/Dealer or Holdings LP or any holder of Debt of Broker/Dealer and/or Holdings LP, or pay or accrue any management, consulting or similar fees to any Affiliate of Broker/Dealer or Holdings LP, or any Affiliate of any Subsidiary of Broker/Dealer or Holdings LLP; provided that upon the occurrence or during the continuance of an Event of Default, neither Broker/Dealer nor Holdings LP shall make payments under any of the agreements set forth on Schedule 7(u).

Management and Consulting Arrangements. Broker/Dealer Borrower and Holdings LP, jointly and severally, each covenants and agrees that, so long as Lender shall have any Loan Commitment hereunder, or the Loans or other Obligations Liabilities (other than contingent obligations with respect to which no express indemnification claim has been made) shall remain unpaid or unsatisfied, it shall not directly or indirectly, except as set forth on Schedule 7(u)6.15, enter into any management, management or consulting or expense sharing arrangement with any Affiliate of Broker/DealerBorrower, Holdings LP or any Subsidiary Broker/Dealer Borrower or Holdings LP or any holder of Debt Indebtedness of Broker/Dealer Borrower and/or Holdings LP, or pay or accrue any management, consulting or similar fees to any Affiliate of Broker/Dealer Borrower or Holdings LP, or any Affiliate of any Subsidiary of Broker/Dealer Borrower or Holdings LLP; provided provided, that upon the occurrence or during the continuance of an a Default or Event of Default, neither Broker/Dealer Borrower nor Holdings LP shall make payments under any of the agreements set forth on Schedule 7(u)6.15.

Management and Consulting Arrangements. Broker/Dealer covenants and agrees that, so long as Lender shall have any Loan Commitment hereunder, or the Loans or other Obligations (other than contingent obligations with respect to which no express indemnification claim has been made) shall remain unpaid or unsatisfied, it shall not directly or indirectly, except as set forth on Schedule 7(u), enter into any management, management or consulting or expense sharing arrangement with any Affiliate of Broker/Dealer, Holdings LP or any Subsidiary Broker/Dealer or Holdings LP or any holder of Debt of Broker/Dealer and/or Holdings LP, or pay or accrue any management, consulting or similar fees to any Affiliate of Broker/Dealer or Holdings LP, or any Affiliate of any Subsidiary of Broker/Dealer or Holdings LLP; provided that upon the occurrence or during the continuance of an Event of Default, neither Broker/Dealer nor Holdings LP shall make payments under any of the agreements set forth on Schedule 7(u).