Other Agreements; Performance Undertaking Sample Clauses
The "Other Agreements; Performance Undertaking" clause establishes that the parties acknowledge the existence of other related agreements and may require one party to guarantee or support the performance of obligations under those agreements. In practice, this clause often applies when a parent company agrees to ensure that its subsidiary fulfills contractual duties, or when multiple contracts are interconnected and performance under one affects the others. Its core function is to provide assurance and legal backing that obligations in related agreements will be met, thereby reducing the risk of non-performance and clarifying the parties' responsibilities across multiple contracts.
Other Agreements; Performance Undertaking. Borrower will not amend, restate, supplement, cancel, terminate or otherwise modify the Receivables Sale Agreement or the Performance Undertaking, or give any consent, waiver, directive or approval thereunder or waive any default, action, omission or breach under any of the foregoing or otherwise grant any indulgence thereunder, without (in each case) the prior written consent of each of the Agents.