Common use of Contracts and Franchises Clause in Contracts

Contracts and Franchises. Each Loan Party shall comply with all agreements or instruments to which it is a party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound and shall maintain any and all franchises material to its business which it may have or hereafter acquire; provided, however, that such Loan Party shall not be deemed to be in violation of this Section 7.15 as a result of failures that in the aggregate would not have a Material Adverse Effect.

Contracts and Franchises. Each Loan Party shall comply with all agreements or instruments to which it is a party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound and shall maintain any and all franchises material to its business which it may have or hereafter acquire; provided, however, that such Loan Party shall not be deemed to be in violation of this Section 7.15 8.13 as a result of failures that in the aggregate any failure to comply with any agreement if such failure would not have a Material Adverse EffectEffect on Loan Parties taken as a whole.