Common use of Cooperation and Assistance Clause in Contracts

Cooperation and Assistance. Grantor agrees (during the existence of a Default) to take any actions that Administrative Agent may reasonably request in order to enable Administrative Agent and each Lender to receive the full rights and benefits granted to Administrative Agent and each Lender by the Loan Documents. Grantor further agrees that, during the existence of a Default or an Event of Default, Grantor will assist and cooperate with Administrative Agent (and will use its best efforts to cause others to assist and cooperate with Administrative Agent) to ensure that Grantor continues (a) to operate in the normal course of business, and (b) to fulfill all of its legal, regulatory and contractual obligations and (c) to otherwise be properly and professionally managed. At Administrative Agent's request and the expense of Grantor, at any time during the existence of an Event of Default, such assistance and cooperation may include the employment of (and, to the maximum extent not prohibited by the rules, regulations and orders of any Official Body with jurisdiction, the delegation of appropriate management authority to) one or more qualified and independent consultants and professional managers acceptable to Administrative Agent to assist in the interim operations of Grantor; all of which Grantor hereby agrees not to challenge.

Appears in 3 contracts

Samples: Security and Pledge Agreement (Integrity Media Inc), Security and Pledge Agreement (Integrity Media Inc), Security and Pledge Agreement (Integrity Media Inc)

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Cooperation and Assistance. Each Grantor agrees (during the existence of a Default) to take any actions that Administrative Agent may reasonably request in order to enable Administrative Agent and each Lender to receive the full rights and benefits granted to Administrative Agent and each Lender by the Loan Documents. Each Grantor further agrees that, during the existence of a Default or an Event of Default, each Grantor will assist and cooperate with Administrative Agent (and will use its best efforts to cause others to assist and cooperate with Administrative Agent) to ensure that each Grantor continues (a) to operate in the normal course of business, and (b) to fulfill all of its legal, regulatory and contractual obligations and (c) to otherwise be properly and professionally managed. At Administrative Agent's request and the expense of GrantorGrantors (jointly and severally), at any time during the existence of an Event of Default, such assistance and cooperation may include the employment of (and, to the maximum extent not prohibited by the rules, regulations and orders of any Official Body with jurisdiction, the delegation of appropriate management authority to) one or more qualified and independent consultants and professional managers acceptable to Administrative Agent to assist in the interim operations of GrantorGrantors; all of which each Grantor hereby agrees not to challenge.

Appears in 2 contracts

Samples: Master Security Agreement (Bizness Online Com), Master Security Agreement (NBG Radio Network Inc)

Cooperation and Assistance. Each Grantor agrees (during the existence of a Default or an Event of Default) to take any actions that Administrative Agent may reasonably request in order to enable Administrative Agent and each Lender to receive the full rights and benefits granted to Administrative Agent and each Lender by the Loan Documents. Each Grantor further agrees that, during the existence of a Default or an Event of Default, that each Grantor will assist and cooperate with Administrative Agent (and will use its best efforts to cause others to assist and cooperate with Administrative Agent) to ensure that each Grantor continues (a) to operate in the normal course of business, and (b) to fulfill all of its legal, regulatory and contractual obligations and (c) to otherwise be properly and professionally managed. At Administrative Agent's ’s request and the expense of GrantorGrantors (jointly and severally), at any time during the existence of an Event of Default, such assistance and cooperation may include the employment of (and, to the maximum extent not prohibited by the rules, regulations and orders of any Official Body with jurisdiction, the delegation of appropriate management authority to) one or more qualified and independent consultants and professional managers acceptable to Administrative Agent to assist in the interim operations of GrantorGrantors; all of which each Grantor hereby agrees not to challenge.

Appears in 2 contracts

Samples: Security Agreement (Altitude International Holdings, Inc.), Security Agreement (Blackboxstocks Inc.)

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Cooperation and Assistance. Each Grantor agrees (during the existence of a an Event of Default) to take any actions that Administrative Agent Lender may reasonably request in order to enable Administrative Agent Lender and each Lender to receive the full rights and benefits granted to Administrative Agent Lender and each Lender by the Loan Documents. Each Grantor further agrees that, during the existence of a Default or an Event of Default, each Grantor will assist and cooperate with Administrative Agent Lender (and will use its best efforts to cause others to assist and cooperate with Administrative AgentLender) to ensure that each Grantor continues (a) to operate in the normal course of business, and (b) to fulfill all of its legal, regulatory and contractual obligations and (c) to otherwise be properly and professionally managed. At Administrative Agent's Lender’s request and the expense of GrantorGrantors (jointly and severally), at any time during the existence of an Event of Default, such assistance and cooperation may include the employment of (and, to the maximum extent not prohibited by the rules, regulations and orders of any Official Body with jurisdiction, the delegation of appropriate management authority to) one or more qualified and independent consultants and professional managers acceptable to Administrative Agent Lender to assist in the interim operations of GrantorGrantors; all of which each Grantor hereby agrees not to challenge.

Appears in 1 contract

Samples: Master Security Agreement (Hearx LTD)

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