Amendments to Organizational Agreements and Material Contracts. (a) No Credit Party shall (i) amend or permit any amendments to any Credit Party’s Organizational Documents if such amendment would be adverse to Administrative Agent, Collateral Agent or Lenders; or (ii) amend or permit any amendments to, or terminate or waive any provision of, any Material Contract if such amendment, termination, or waiver would be material and adverse to Administrative Agent, Collateral Agent or Lenders or the Credit Parties, and (b) ACL shall not amend or permit any amendments to its Organizational Documents or amend or waive or permit any amendment to, or waiver of, any term of the Shareholders’ Agreement if such amendment would be adverse to Administrative Agent, Collateral Agent or Lenders.
Appears in 4 contracts
Sources: Credit Agreement (AMC Networks Inc.), Credit and Guaranty Agreement (RLJ Entertainment, Inc.), Credit and Guaranty Agreement (RLJ Entertainment, Inc.)
Amendments to Organizational Agreements and Material Contracts. (a) No Credit Party shall (i) amend or permit any amendments to any Credit Party’s Organizational Documents if such amendment would be material and adverse to Administrative Agent, Collateral Agent or Lenders; or (ii) amend or permit any amendments to, or terminate or waive any provision of, any Material Contract if such amendment, termination, or waiver would be material and adverse to Administrative Agent, Collateral Agent or Lenders or the Credit Parties, and (b) ACL shall not amend or permit any amendments to its Organizational Documents or amend or waive or permit any amendment to, or waiver of, any term of the Shareholders’ Shareholders Agreement if such amendment would be material and adverse to Administrative Agent, Collateral Agent or Lenders.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (RLJ Entertainment, Inc.)