Specified Events. Notwithstanding the foregoing or anything to the contrary in the Loan Documents, during the Liquidity Testing Period, (x) the Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, take any of the actions that are a Specified Event and (y) the Borrower shall notify the Administrative Agent in writing promptly following the occurrence of any Specified Event. For purposes of this Section 7.09:
Appears in 4 contracts
Sources: Credit Agreement (Clear Channel Outdoor Holdings, Inc.), Credit Agreement (Clear Channel Outdoor Holdings, Inc.), Credit Agreement (Clear Channel Outdoor Holdings, Inc.)