Examples of Material Contracts and Licenses in a sentence
The Borrower shall comply with its obligations, and enforce its rights and exercise its discretions, under the Material Contracts and Licenses, except where the failure to so comply with, or exercise its rights and discretions under, the same would not have a Material Adverse Effect.
To the Borrower's knowledge, (i) no other party is in breach of the terms of any of the Material Contracts and Licenses to an extent which is likely to have a Material Adverse Effect, (ii) no event of force majeure as defined in or contemplated by any of the Material Contracts and Licenses has occurred and is continuing thereunder.
All Material Contracts and Licenses and Permits have been duly obtained and are in full force and effect and no proceedings are pending or, to the knowledge of the Corporation or any Shareholder, threatened that may result in the revocation, cancellation, suspension, limitation or adverse modification of any of the same.
Any of the Material Contracts and Licenses is terminated, cancelled, suspended or revoked or otherwise ceases to be valid, binding and enforceable and in full force and effect (whether wholly or in part) or it is or becomes unlawful for any person or entity to perform any of its obligations under any of the Material Contracts and Licenses.
The exercise by the Security Trustee of any of the rights and remedies hereunder shall not release the Borrower from any of its duties or obligations under the Pledged Agreements, Material Contracts and Licenses or the Loan Documents or in respect of the Pledged Assets.
The parties shall have received consents to transfer the Material Contracts and Licenses listed on Schedule 7.2.C, which shall be in full force and effect as of the Closing Date.
The primary NTP shall have 60 days from the date of the notification to provide the missing information or documentation.
Neither the Corporation nor any Shareholder has any knowledge of any reason why all Material Contracts and Licenses and Permits will not remain in effect after consummation of the transactions contemplated hereby.
The Collateral Assignment of Material Contracts and Licenses dated as of the date hereof and executed and delivered by the Borrower to the Administrative Agent, for the ratable benefit of the Banks and the Administrative Agent, assigning all of the Borrower's rights and interests in and to the Material Contracts and Licenses and the proceeds thereof.
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