Common use of Advisory Agreements Clause in Contracts

Advisory Agreements. (a) Each Advisory Agreement contains the entire agreements of the parties thereto with respect to the subject matter thereof. (b) Each Advisory Agreement is in full force and effect, and is scheduled to expire as described in each Advisory Agreement. There are no options to extend any Advisory Agreement except as described in such Advisory Agreement. Except as expressly set forth in each Advisory Agreement, there are no rights to terminate such Advisory Agreement. (c) To the Parent’s, the Borrower’s and Advisor’s knowledge, no breach or default or event that with the giving of notice or passage of time would constitute a breach or default of or under any provision of any Advisory Agreement (an “Advisory Default”) exists or has occurred as to any obligations under any Advisory Agreement. Neither the Borrower nor Advisor has received any written notice under any Advisory Agreement alleging that an Advisory Default has occurred or exists. (d) Advisor has not assigned, transferred, or encumbered its interest in, to, or under any Advisory Agreement, except in favor of Administrative Agent pursuant to the Loan Documents or pursuant to the Inter-Company Debt Documents.