Common use of Initial Purchase Agreement Clause in Contracts

Initial Purchase Agreement. The Seller will not amend, waive or modify any provision of the Initial Purchase Agreement or waive the occurrence of any “Event of Termination” under the Initial Purchase Agreement, without in each case the prior written consent of the Purchaser and (prior to the RIPA Final Payment Date) the Program Agent; provided, however, that the Seller may amend the percentage set forth in the definition of “Discount” in the Initial Purchase Agreement in accordance with the provisions of the Initial Purchase Agreement without the consent of the Purchaser or the Program Agent; provided, further, that the Seller shall promptly notify the Purchaser and the Program Agent of any such amendment. The Seller will perform all of its obligations under the Initial Purchase Agreement in all material respects and will enforce the Initial Purchase Agreement in accordance with its terms in all material respects.