Common use of Specified Contracts Clause in Contracts

Specified Contracts. Except in each case as would not reasonably be expected to result in a Material Adverse Change, as to (A) each Investment Agreement and (B) each Material Agreement to which any Grantor is a party (the foregoing, collectively, “Specified Contracts”), (i) such Grantor is not in default under such Specified Contract, and to the knowledge of such Grantor, none of the other parties to such Specified Contract is in default thereunder (except as shall have been disclosed in writing to the Administrative Agent), (ii) such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor party thereto, enforceable against such Grantor in accordance with the respective terms thereof, subject to applicable Debtor Relief Laws and general equitable principles, and no defense, offset, deduction or counterclaim will exist thereunder in favor of any such party and (iii) the performance by such Grantor of its obligations under such Specified Contract in accordance with its terms will not contravene any requirement of applicable Law, the Loan Documents or any contractual restriction binding on or affecting such Grantor or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties (except for Permitted Liens). Each Grantor, promptly upon the request of the Administrative Agent, will furnish the Administrative Agent with a correct and complete copy of each Specified Contract to which it is a party as then in effect.

Specified Contracts. Except in each case as would not reasonably be expected As to result in a Material Adverse Change, as to (A) each Investment Agreement and (B) each other ------------------- Material Agreement Contract to which any Grantor Pledgor is or hereafter becomes a party (the foregoing, collectively, “"Specified Contracts”"), (i) such Grantor Pledgor is not in default in any material respect under any such Specified ContractContracts, and to the knowledge of such GrantorPledgor, none of the other parties to such Specified Contract Contracts is in default in any material respect thereunder (except as shall have been disclosed in writing to the Administrative Agent), (ii) each such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor party all parties thereto, enforceable against such Grantor parties in accordance with the respective terms thereof, subject to applicable Debtor Relief Laws and general equitable principlesbankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally, and no defense, offset, deduction or counterclaim will exist thereunder in favor of any such party and party, (iii) the performance by such Grantor Pledgor of its obligations under each such Specified Contract in accordance with its terms will not contravene any requirement Requirement of applicable Law, the Loan Documents Law or any contractual restriction binding on or affecting such Grantor Pledgor or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties properties, and (except for Permitted Liens). Each Grantor, iv) such Pledgor has (or promptly upon after the request time of the Administrative Agent, execution will furnish have) furnished the Administrative Agent with a correct and complete copy of each Specified Contract to which it is a party as then in effect.

Specified Contracts. Except in each case as would not reasonably be expected to result in have a Material Adverse ChangeEffect, as to (A) each Investment Agreement and (B) each Material Agreement Contract to which any Grantor is a party (the foregoing, collectively, “Specified Contracts”), (i) such Grantor is not in default under such Specified Contract, and to the knowledge of such Grantor, none of the other parties to such Specified Contract is in default thereunder (except as shall have been disclosed in writing to the Administrative AgentCoBank), (ii) such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor Grantors party thereto, enforceable against such Grantor in accordance with the respective terms thereof, subject to applicable Debtor Relief bankruptcy, insolvency, reorganization, moratorium or similar Laws and general equitable principlesaffecting creditors’ rights generally, and no defense, offset, deduction or counterclaim will exist thereunder in favor of any such party party, and (iii) the performance by such Grantor of its obligations under such Specified Contract in accordance with its terms will not contravene any requirement of applicable Law, the Loan Documents Law or any contractual restriction binding on or affecting such Grantor or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties (except for Permitted LiensLiens permitted by the Loan Agreement). Each Grantor, promptly upon the request of the Administrative AgentCoBank, will furnish the Administrative Agent CoBank with a correct and complete copy of each Specified Contract to which it is a party as then in effect.

Specified Contracts. Except in each case as would not reasonably be expected to result in have a Material Adverse ChangeEffect, as to (A) each Investment Agreement and (B) each Material Agreement Contract to which any Grantor is a party (the foregoing, collectively, “Specified Contracts”), (i) such Grantor is not in default under such Specified Contract, and to the knowledge of such Grantor, none of the other parties to such Specified Contract is in default thereunder (except as shall have been disclosed in writing to the Administrative AgentCoBank), (ii) such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor Grantors party thereto, enforceable against such Grantor in accordance with the respective terms thereof, subject to applicable Debtor Relief bankruptcy, insolvency, reorganization, moratorium or similar Laws and general equitable principlesaffecting creditors’ rights generally, and no defense, offset, deduction or counterclaim will exist thereunder in favor of any such party party, and (iii) the performance by such Grantor of its obligations under such Specified Contract in accordance with its terms will not contravene any requirement of applicable Law, the Loan Documents Law or any contractual restriction binding on or affecting such Grantor or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties (except for Permitted LiensLiens permitted by the Loan Agreement). Each Grantor, promptly upon the request of the Administrative AgentCoBank, will furnish the Administrative Agent CoBank with a correct and complete copy of each Specified Contract to which it is a party as then in effect.. Amended and Restated Pledge and Security Agreement/New Ulm Telecom, Inc. Loan No. RX0583

Specified Contracts. Except in each case as would not reasonably be expected to result in a Material Adverse Change, as As to (Ai) each Investment Agreement and (Bii) each Material Agreement material Contract to which any Grantor the Company is now a party (the foregoing, collectively, “"Specified Contracts”)") and listed on Schedule 3.17 of the Purchase Agreement, (iw) such Grantor the Company is not in default in any material respect under such Specified Contract, and to the knowledge of such Grantorthe Company, none of the other parties to such Specified Contract is in default in any material respect thereunder (except as shall have been disclosed in writing to the Administrative AgentLender), (iix) such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor party theretoCompany, enforceable against such Grantor the Company in accordance with the respective terms thereof, subject to applicable Debtor Relief Laws bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights generally, and general to equitable principlesprinciples (regardless of whether enforcement is sought in equity or at law), and no defense, offset, deduction or counterclaim will exist thereunder in favor favour of any such party party, and (iiiy) the performance by such Grantor the Company of its obligations under such Specified Contract in accordance with its terms will not contravene any requirement of applicable Law, the Loan Documents law or any contractual restriction binding on or affecting such Grantor the Company or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties (except for Permitted Liens). Each Grantor) and such violations or Liens which could not reasonably be expected to have a Material Adverse Effect, promptly upon and (z) the request of Company has furnished the Administrative Agent, will furnish the Administrative Agent Lender with a correct and complete copy of each Specified Contract to which it is a party as then in effect, other than those Specified Contracts specifically identified as not having been provided in Schedule 3.17 of the Purchase Agreement.

Specified Contracts. Except in each case as would not reasonably be expected to result in have a Material Adverse ChangeEffect, as to (A) each Investment Agreement and (B) each Material Agreement Contract to which any Grantor is a party (the foregoing, collectively, “Specified Contracts”), (i) such Grantor is not in default under such Specified Contract, and to the knowledge of such Grantor, none of the other parties to such Specified Contract is in default thereunder (except as shall have been disclosed in writing to the Administrative Agent), (ii) such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor party thereto, enforceable against such Grantor in accordance with the respective terms thereof, subject to applicable Debtor Relief Laws and general equitable principlesbankruptcy, insolvency, reorganization, moratorium or similar Applicable Law affecting creditors’ rights generally, and no defense, offset, deduction or counterclaim will exist thereunder in favor of any such party Grantor, and (iii) to the knowledge of such Grantor, the performance by such Grantor of its obligations under such Specified Contract in accordance with its terms will not contravene any requirement of applicable Applicable Law, the Loan Documents or any other contractual restriction binding on or affecting such Grantor or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties (except for Permitted LiensEncumbrances). Each Grantor, promptly upon the request of the Administrative Agent, will furnish the Administrative Agent with a correct and complete copy of each Specified Contract to which it is a party as then in effect.

Specified Contracts. Except in each case as would not reasonably be expected to result in a Material Adverse ChangeEffect, as to (A) each Investment Agreement and (B) each Material Agreement Contract to which any Grantor is a party (the foregoing, collectively, “Specified Contracts”), (i) such Grantor is not in default under such Specified Contract, and to the knowledge of such Grantor, none of the other parties to such Specified Contract is in default thereunder (except as shall have been disclosed in writing pursuant to Section 6.1(e)(v) of the Administrative AgentCredit Agreement), (ii) such Specified Contract is, or at the time of execution will be, the legal, valid and binding obligation of the Grantor Grantors party thereto, enforceable against such Grantor in accordance with the respective terms thereof, subject to applicable Debtor Relief Laws and general equitable principlesLaws, and no defense, offset, deduction or counterclaim will exist thereunder in favor of any such party party, and (iii) the performance by such Grantor of its obligations under such Specified Contract in accordance with its terms will not contravene any requirement of applicable Law, the Loan Documents or any other contractual restriction binding on or affecting such Grantor or any of its properties, and will not result in or require the creation of any Lien upon or with respect to any of its properties (except for Permitted Liens). Each Grantor, promptly upon the request of the Administrative Agent, will furnish the Administrative Agent with a correct and complete copy of each Specified Contract to which it is a party as then in effect.