Common use of Material Contracts and the Parent Clause in Contracts

Material Contracts and the Parent. No Borrower shall, nor shall any Borrower permit any of its Subsidiaries to, assign, delegate or transfer any of its rights or obligations under any Material Contract to which it is a party to the Parent.

Appears in 2 contracts

Sources: Credit Agreement (Fibernet Telecom Group Inc\), Credit Agreement (Fibernet Telecom Group Inc\)