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 any Loan Party or one of its Subsidiaries permits the assignment of such agreement (and all rights of Loan Party such Loan Party or such Subsidiary, as applicable, thereunder) to such Loan Party's or such Subsidiary's lenders or an agent for any lenders (and any transferees of such lenders or such agent, as applicable); provided, that the parties hereto agree that no Loan Party shall be obligated by this Section 5.16 to make payment of any fee, charge or other consideration in exchange for the inclusion of the type of assignment provision contemplated in this Section 5.16 in a Material Contract.

Assignable Material Contracts. Use commercially reasonable efforts to ensure that any Material Contract entered into after the Closing Date by any Loan Party or one of its Domestic Subsidiaries permits the assignment of such agreement (and all rights of Loan Party such Loan Party or such Domestic Subsidiary, as applicable, thereunder) to such Loan Party's or such Domestic Subsidiary's lenders or an agent for any lenders (and any transferees of such lenders or such agent, as applicable); provided, that the parties hereto agree that no Loan Party shall be obligated by this Section 5.16 to make payment of any fee, charge or other consideration in exchange for the inclusion of the type of assignment provision contemplated in this Section 5.16 in a Material Contract.