Common use of Modification of Assigned Agreements, Etc Clause in Contracts

Modification of Assigned Agreements, Etc. Each ---------------------------------------- Assignor shall keep the Collateral Agent informed of all material circumstances bearing upon the right, title and interest of such Assignor under the Assigned Agreements. No Assignor will, except with the consent of the Collateral Agent amend, modify, extend, renew, cancel or terminate any Assigned Agreement, waive any default under or breach of any Assigned Agreement, compromise or settle any material dispute, claim, suit or legal proceeding relating to any Assigned Agreement, sell or assign any Assigned Agreement or interest therein, consent to or permit or accept any prepayment of amounts to become due under or in connection with any Assigned Agreement, except as expressly provided therein, or take any other action in connection with any Assigned Agreement which would impair the value of the interests or rights of such Assignor thereunder or which would impair the interests or rights of the Collateral Agent under this Agreement, except that, unless the Collateral Agent shall have notified such Assignor upon the occurrence of a Default or Event of Default that this exception is no longer applicable, such Assignor may modify, make adjustments with respect to, extend or renew any Assigned Agreements in the ordinary course of business. The Assignor will duly fulfill all of its obligations under or in connection with the Assigned Agreements.

Modification of Assigned Agreements, Etc. Each ---------------------------------------- Assignor shall ---------------------------------------- keep the Collateral Agent informed of all material circumstances bearing upon the right, title and interest of such Assignor under the Assigned Agreements. No Assignor will, except with the consent of the Collateral Agent amend, modify, extend, renew, cancel or terminate any Assigned Agreement, waive any default under or breach of any Assigned Agreement, compromise or settle any material dispute, claim, suit or legal proceeding relating to any Assigned Agreement, sell or assign any Assigned Agreement or interest therein, consent to or permit or accept any prepayment of amounts to become due under or in connection with any Assigned Agreement, except as expressly provided therein, or take any other action in connection with any Assigned Agreement which would impair the value of the interests or rights of such Assignor thereunder or which would impair the interests or rights of the Collateral Agent under this Security Agreement, except that, unless the Collateral Agent shall have notified such Assignor upon the occurrence of a Default or Event of Default that this exception is no longer applicable, such Assignor may modify, make adjustments with respect to, extend or renew any Assigned Agreements in the ordinary course of business. The Assignor will duly fulfill all of its obligations under or in connection with the Assigned AgreementsAgreements unless the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Modification of Assigned Agreements, Etc. Each Assignor ---------------------------------------- Assignor shall keep the Collateral Agent informed of all material circumstances bearing upon the right, title and interest of such Assignor under the Assigned Agreements. No Assignor will, except with the consent of the Collateral Agent amend, modify, extend, renew, cancel or terminate any Assigned Agreement, waive any default under or breach of any Assigned Agreement, compromise or settle any material dispute, claim, suit or legal proceeding relating to any Assigned Agreement, sell or assign any Assigned Agreement or interest therein, consent to or permit or accept any prepayment of amounts to become due under or in connection with any Assigned Agreement, except as expressly provided therein, or take any other action in connection with any Assigned Agreement which would impair the value of the interests or rights of such Assignor thereunder or which would impair the interests or rights of the Collateral Agent under this Agreement, except that, unless the Collateral Agent shall have notified such Assignor upon the occurrence of a Default or Event of Default that this exception is no longer applicable, such Assignor may modify, make adjustments with respect to, extend or renew any Assigned Agreements in the ordinary course of business. The Assignor will duly fulfill all of its obligations under or in connection with the Assigned AgreementsAgreements unless the failure to do so would not have a Material Adverse Effect.

Modification of Assigned Agreements, Etc. Each ---------------------------------------- Assignor The Borrower shall keep the Collateral Agent informed of all material circumstances bearing upon the right, title and interest of such Assignor under the Assigned keepssigned Agreements. No Assignor willThe Borrower will not, except with the consent of the Collateral Agent Bank amend, modify, extend, renew, cancel or terminate any Assigned Agreement, waive any default under or breach of any Assigned Agreement, compromise or settle any material dispute, claim, suit or legal proceeding relating to any Assigned Agreement, sell or assign any Assigned Agreement or interest therein, consent to or permit or accept any prepayment of amounts to become due under or in connection with any Assigned Agreement, except as expressly provided therein, or take any other action in connection with any Assigned Agreement which would impair the value of the interests or rights of such Assignor the Borrower thereunder or which would impair the interests or rights of the Collateral Agent Bank under this Agreement, except that, unless the Collateral Agent Bank shall have notified such Assignor the Borrower upon the occurrence of a Default or Event of Default that this exception is no longer applicable, such Assignor the Borrower may modify, make adjustments with respect to, extend or renew any Assigned Agreements in the ordinary course of business. The Assignor Borrower will duly fulfill all of its obligations under or in connection with the Assigned Agreements.

Modification of Assigned Agreements, Etc. Each ---------------------------------------- Assignor shall keep the Collateral Agent informed of all material circumstances bearing upon the right, title and interest of such Assignor under the Assigned Agreements. No Assignor will, except with the consent of the Collateral Agent amend, modify, extend, renew, cancel or terminate any Assigned Agreement, waive any default under or breach of any Assigned Agreement, compromise or settle any material dispute, claim, suit or legal proceeding relating to any Assigned Agreement, sell or assign any Assigned Agreement or interest therein, consent to or permit or accept any prepayment of amounts to become due under or in connection with any Assigned Agreement, except as expressly provided therein, or take any other action in connection with any Assigned Agreement which would impair the value of the interests or rights of such Assignor thereunder or which would impair the interests or rights of the Collateral Agent under this Agreement, except that, unless the Collateral Agent shall have notified such Assignor upon the occurrence of a Default or Event of Default that this exception is no longer applicable, such Assignor may modify, make adjustments with respect to, extend or renew any Assigned Agreements in the ordinary course of business. The Assignor will duly fulfill all of its obligations under or in connection with the Assigned AgreementsAgreements unless the failure to do so could not reasonably be expected to have a Material Adverse Effect.