Common use of Preservation Clause in Contracts

Preservation. The Chargor must not, without the prior consent of the Agent: (a) amend or waive any term of, or terminate, any Relevant Contract; or (b) take any action which might jeopardise the existence or enforceability of any Relevant Contract.

Appears in 2 contracts

Sources: Security Agreement (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc)

Preservation. The Chargor must not, without the prior consent of the Security Agent: (a) amend or waive any term of, or terminate, any Relevant Contract; or (b) take any action which might jeopardise the existence or enforceability of any Relevant Contract.

Appears in 2 contracts

Sources: Security Agreement (GCL Silicon Technology Holdings Inc.), Security Agreement (GCL Silicon Technology Holdings Inc.)

Preservation. The Chargor must shall not, without the prior consent of the Security Agent: (a) amend or waive any term ofof any Relevant Contract in a manner which is or is reasonably likely to be prejudicial to the interests of the Secured Parties; (b) terminate, or terminateassign, or permit the assignment of, any Relevant ContractContract unless otherwise expressly permitted under the Finance Documents; or (bc) take any action which might jeopardise the existence or enforceability of any Relevant Contract.

Appears in 1 contract

Sources: Company Debenture

Preservation. The Chargor must not, without the prior consent of the Security Agent: (a) amend or waive any term of, or terminate, or assign, or permit the assignment of, any Relevant ContractIntragroup Loan Agreement unless otherwise expressly permitted under the Finance Documents; or (b) take any action which might jeopardise the existence or enforceability of any Relevant ContractIntragroup Loan Agreement, in each case, except with the prior written consent of the Security Agent.

Appears in 1 contract

Sources: Company Debenture