Freddie Mac Assignment Of Management Agreement

If for any reason the period of validity does not occur, this Agreement is null and void, has no force or effect and is not taken into consideration by the parties, and the original A&R Management Agreement remains in full force and effect. Given the crucial role played by Summit WVa as a manager in the debtors` business, the debtors` performance under the A&R management agreement is necessary to continue to operate as an ongoing business. Seller, Buyer and Parents agree to negotiate in good faith, prior to entering into, the terms of (i) the Freddie Mac I/O Strip Assignment Agreement, under which the Freddie Mac I/O Strip and related commitments are transferred to the Partnership, and (ii) the A&R Management Agreement. Until the date of entry into force, the initial A&R management agreement remains fully in force and effective, in accordance with its conditions. Upon entry into force of this Agreement, this Agreement will automatically amend and reorganize the original A&R Management Agreement in its entirety, without the Company or Manager having to take any further action. . . .