Common use of Assignable Material Contracts Clause in Contracts

Assignable Material Contracts. Use commercially reasonable efforts to ensure that any Material Contract entered into after the Closing Date by Parent or one of its Subsidiaries that generates or, by its terms, will generate revenue, permits the assignment of such agreement (and all rights of Parent or such Subsidiary, as applicable, thereunder) to Parent’s or such Subsidiary’s lenders or an agent for any lenders (and any transferees of such lenders or such agent, as applicable); provided, however, if commercially reasonable efforts are used to permit such assignment and such right to assignment is not granted by the non-Loan Parties party to any such Material Contract, failure to procure such right to assignment shall not be a Default or an Event of Default.