Common use of Amendments or Waivers of Certain Agreements Clause in Contracts

Amendments or Waivers of Certain Agreements. No Loan Party shall nor shall it permit any of its Restricted Subsidiaries to, agree to any material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights under the Parent Organizational Agreement or any “non-compete” or “non-solicit” provisions of any TAO Group Employment Agreement after the Effective Date without in each case obtaining the prior written consent of the Administrative Agent (at the direction of the Required Lenders), in each case, if such amendment, restatement, supplement or other modification or waiver would be materially adverse to the Agent or the Lenders.

Amendments or Waivers of Certain Agreements. No Loan Credit Party shall nor shall it permit any of its Restricted Subsidiaries to, agree to any material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights under the Parent Organizational Agreement or any “non-compete” or “non-solicit” provisions of any TAO Group Employment Agreement after the Effective Closing Date without in each case obtaining the prior written consent of the Administrative Agent (at the direction of the Required Requisite Lenders), in each case, if such amendment, restatement, supplement or other modification or waiver would be materially adverse to the Administrative Agent or the Lenders.