Common use of Aspect Clause in Contracts

Aspect. From the date hereof to the Closing Date, except to the extent Frontier and Esenjay shall otherwise consent, Aspect shall operate the business of Aspect as it relates to the Aspect Assets substantially as presently operated and only in the ordinary course. In addition, Aspect shall promptly notify Frontier and Esenjay of (i) the receipt by Aspect of any notice or claim, written or oral, of default or breach by Aspect, or of any modification, termination or cancellation, or threat of termination or cancellation, of any material agreement relative to the Aspect Assets; (ii) any loss of, damage to, or disposition of any of the Aspect Assets; and (iii) after receipt of notice thereof by Aspect, give notice to Frontier and Esenjay of any claim or litigation, threatened or instituted, against Aspect and relating to the Aspect Assets.