Common use of Observance of Agreements Clause in Contracts

Observance of Agreements. Observe and perform all the terms and conditions of all material agreements to which any of them or any other Credit Party is party and shall diligently protect and enforce their respective rights under all such agreements in a manner consistent with prudent business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Polo Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren Corp)

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Observance of Agreements. Observe Duly observe and perform all the material terms and conditions of all material agreements to which any of them or any other Credit Party is a party with respect to the exploitation of items of Product and shall Film Assets and diligently protect and enforce their respective the rights of the Credit Party under all such agreements in a manner consistent with prudent business judgmentjudgment and subject to the terms and conditions of such agreements.

Appears in 2 contracts

Samples: Credit, Security, Guaranty and Pledge Agreement (First Look Studios Inc), Guaranty and Pledge Agreement (Overseas Filmgroup Inc)

Observance of Agreements. Observe (a) Duly observe and perform all the terms and conditions of all material agreements any agreement to which it is a party (including all such agreements evidencing any of them Indebtedness or any other Credit Party is party material obligation) and shall diligently protect and enforce diligently the rights of the Credit Parties and their respective rights Subsidiaries under all such agreements in a manner consistent with prudent business judgmentjudgment and subject to the terms and conditions of such agreements, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Reliant Resources Inc)

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Observance of Agreements. Observe Duly observe and perform all the material terms and conditions of all material agreements to which any Material Agreement of them or any other Credit Party is party the applicable Loan Party, and shall diligently protect and enforce their respective the rights of the Loan Parties under all such agreements in a manner consistent with prudent business judgment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Thermadyne Holdings Corp /De)

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