Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (or such longer period as agreed to by Administrative Agent in its sole discretion) after (i) any Material Contract or the Affiliate Production Sale Agreement is terminated or amended in a manner that is materially adverse to any Credit Party, or (ii) any new Material Contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by a Credit Party with the intent of avoiding compliance with this subsection), and an explanation of any actions being taken with respect thereto;
Appears in 1 contract
Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (or such longer period as agreed to by Administrative Agent in its sole discretioni) after (i) any Material Contract of Holdings or the Affiliate Production Sale Agreement any of its Subsidiaries is terminated prior to its scheduled term or amended in a manner that is materially adverse could reasonably be expected to any Credit Partyhave a Material Adverse Effect, or (ii) any new Material Contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, providedPROVIDED, no such prohibition on delivery shall be effective if it were bargained for by a Credit Party Holdings or its applicable Subsidiary with the intent of avoiding compliance with this subsectionSection 5.1(l)), and and, in the case of clause (i), an explanation of any actions being taken with respect thereto;
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Sources: Credit and Guaranty Agreement (Focal Communications Corp)
Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (or such longer period as agreed to by Administrative Agent in its sole discretioni) after (i) any Material Contract of Borrower or the Affiliate Production Sale Agreement any of its Subsidiaries is terminated or amended in a manner that is materially adverse could result in a Material Adverse Effect to any Credit PartyBorrower or such Subsidiary, as the case may be, or (ii) any new Material Contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by a Credit Party Borrower or its applicable Subsidiary with the intent of avoiding compliance with this subsectionSection 5.1(l)), and an explanation of any actions being taken with respect thereto;
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Sources: Second Lien Credit and Guaranty Agreement (X Rite Inc)
Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (or such longer period as agreed to by Administrative Agent in its sole discretioni) after (i) any Material Contract or the Affiliate Production Sale Agreement of any Restricted Party is terminated (other than an expiration in accordance with the terms of such contract) or amended in a manner that is materially adverse to any Credit such Restricted Party, as the case may be, or (ii) after any new Material Contract is entered into, in each case, a written statement describing such event, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by a Credit such applicable Restricted Party with the intent of avoiding compliance with this subsectionSection 5.01(l)), and an explanation of any actions being taken with respect thereto;
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Sources: Credit and Guaranty Agreement (Madison Square Garden Co)
Notice Regarding Material Contracts. Promptly, and in any event within ten (10) Business Days (or such longer period as agreed to by Administrative Agent in its sole discretioni) after (i) any Material Contract of any Note Party or the Affiliate Production Sale Agreement any of its Subsidiaries is terminated or amended in a manner that is materially adverse to any Credit Partya Note Party or its Subsidiary, as the case may be, or (ii) any new Material Contract is entered into, a written statement describing such event, with copies of such material amendments or new contractscontracts or licenses, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by a Credit Note Party or its applicable Subsidiary with the intent of avoiding compliance with this subsectionSection 5.1(l)), and an explanation of any actions being taken with respect thereto;
Appears in 1 contract
Sources: Senior Secured Note Purchase Agreement (Vahanna Tech Edge Acquisition I Corp.)