Third Party Franchisees Sample Clauses
Third Party Franchisees. Promptly upon any senior officer of Global Parent or Lead Borrower obtaining knowledge of any material breach or non-performance of, or any material default under, any agreements with any Third Party Franchisee that would materially and adversely impact the ability of Agents to realize upon the Collateral,
Third Party Franchisees. Promptly upon any senior officer of any Loan Party obtaining knowledge of any material breach or non-performance of, or any material default under, any agreements with any Third Party Franchisee that would materially and adversely impact the ability of the Administrative Agent to realize upon the Collateral,