Enforcement of Contracts. Each Loan Party shall exercise promptly and diligently its material rights under each Contract, General Intangible and/or Account (other than any right of termination). Borrower Representative shall deliver to Administrative Agent copies of all material demands or notices received by any Loan Party relating in any way to any Contract, General Intangible and/or Account.
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Sources: Loan and Security Agreement (Us Lec Corp), Loan and Security Agreement (Us Lec Corp)
Enforcement of Contracts. Each Loan Party shall exercise promptly and diligently its material rights under comply with the terms of each Contract, General Intangible and/or Account (other than any right of termination)except for noncompliances which in the aggregate would not have a Material Adverse Effect. The Borrower Representative shall deliver to the Administrative Agent copies of all material demands or notices received by any Loan Party relating in any way to any material Contract, General Intangible and/or AccountAccount other than in the ordinary course of business.
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