Third Party Direct Agreements Clause Samples

Third Party Direct Agreements. Any Person other than the Borrower shall disaffirm or repudiate in writing its material obligations under any Direct Agreement and such disaffirmation or repudiation could reasonably be expected to result in a Material Adverse Effect, (y) any representation or warranty made by any Person other than the Borrower in a Direct Agreement shall be untrue or misleading in any material respect as of the time made and such untrue or misleading representation or warranty could reasonably be expected to result in a Material Adverse Effect, or (z) a Person other than the Borrower shall breach any material covenant of a Direct Agreement and such breach or default shall not be remediable or, if remediable, shall continue unremedied for a period of thirty (30) days from the time the Borrower obtains knowledge of such breach and such breach could reasonably be expected to result in a Material Adverse Effect.