Amendments to Guaranty and Security Agreement. The Guaranty and Security Agreement is hereby amended as follows:
(a) Each of the following definitions are hereby added to Section 1(a) of the Security Agreement, each in its applicable alphabetical order therein:
Amendments to Guaranty and Security Agreement. Effective as of the date hereof, the Guaranty and Security Agreement is hereby amended as follows:
(a) The definition of “Cash Dominion Event” in Section 1(a)(vii) of the Guaranty and Security Agreement is hereby amended and restated in its entirety to read as follows:
Amendments to Guaranty and Security Agreement. Subject to the satisfaction of the conditions to effectiveness set forth in Section 5 below Subject to the satisfaction of the conditions to effectiveness set forth in Section 5 below:
2.1 The Guaranty and Security Agreement is hereby amended (a) to delete each reference to “Senior Credit Agreements” and substitute therefor the following: “Senior Credit Agreement” and (b) delete each reference to “Senior Guaranty and Security Agreements” and substitute therefor the following: “Senior Guaranty and Security Agreement”.
2.2 The definition of “Senior Guaranty and Security Agreements” set forth in Section 1.1 of the Guaranty and Security Agreement is hereby amended and restated in its entirety as follows:
Amendments to Guaranty and Security Agreement. Subject to the satisfaction (or waiver in writing by Agent) of the conditions precedent set forth in Section 4 hereof, the Guaranty and Security Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Guaranty and Security Agreement attached hereto as Exhibit D.
Amendments to Guaranty and Security Agreement. As of the First Amendment Effective Date (as defined below), the Guaranty and Security Agreement is hereby amended as follows:
(a) Section 1.1 of the Guaranty and Security Agreement is hereby amended by deleting the definition “Guarantors” contained therein and substituting in lieu thereof the following definition:
Amendments to Guaranty and Security Agreement. Subject to the satisfaction of the conditions set forth in Section 6 below, and in reliance on the representations and warranties of the Loan Parties set forth in Section 7 below, Section 1 of the Guaranty and Security Agreement is hereby amended by amending and restating the definition of "Triggering Event" as follows:
Amendments to Guaranty and Security Agreement. (i) The definition of “Collateral” shall be amended by adding the following paragraph at the end thereof: “Notwithstanding anything to the contrary herein or in any other Note Document, except as provided in the next sentence hereof, the term “Collateral” shall not include (and Collateral Agent hereby releases any Lien previously granted to it in) any of the following property of any Note Party: (i) any Stock and/or Stock Equivalents owned by any Grantor, or (ii) any enumerated assets or type or category of assets in the definition of “Collateral” to the extent such asset does not constitute, comprise an element of, arise from, relate to or otherwise constitute direct or indirect proceeds or products of or accessions to any (1) a Film, (2) Film Collateral, or (3) Pledged Stock of each Film SPE. Notwithstanding the operation of the immediately preceding sentence or any other provision in the Note Documents to the contrary, the term “Collateral” shall for all purposes of the Note Documents include all of the Stock or Stock Equivalents of each of the following Persons (together with any of their respective successors or assigns): (1) LAC Films, LLC and (2) Rebound Distribution, LLC (and the Stock and/or Stock Equivalents of such Film SPEs shall, for all purposes hereof and the other Note Documents, shall constitute “Pledged Stock” in which the Collateral Agent, for the benefit of the Holders, has a perfected first priority Lien pursuant to the terms of this Agreement and the other Note Documents).”
Amendments to Guaranty and Security Agreement. (a) The definition of “Excluded Accounts” in Section 1(a) of the Guaranty and Security Agreement is hereby amended and restated in its entirety to read as follows:
Amendments to Guaranty and Security Agreement. Subject to the satisfaction (or waiver in writing by Agent) of the conditions precedent set forth in Section 7 hereof, (a) Section 1 of the Guaranty and Security Agreement is hereby amended by deleting the definitions of “Activation Instruction”, “Cash Dominion Event” and “Cash Dominion Period” and (b) Section 7(k)(ii) of the Guaranty and Security Agreement is hereby amended and restated as follows:
Amendments to Guaranty and Security Agreement. In reliance on the representations and warranties of the Loan Parties set forth in Section 6 below, and subject to the satisfaction of the conditions to effectiveness set forth in Section 5(a) below, other than with respect to (i) the amendment to Section 7(n) of the Guaranty and Security Agreement and (ii) the amendment set forth in clause (b) herein (collectively, the “Title Covenant Amendments”), each of which shall be subject to the satisfaction of the conditions to effectiveness set forth in Section 5(b) below, (a) the Guaranty and Security Agreement and Annex 1 thereto (but not the Schedules and Exhibits attached thereto) shall be amended in their entirety to read and (b) the Guaranty and Security Agreement shall be further amended by adding a new Schedule 7(n) thereto, in each case, as set forth in the Guaranty and Security Agreement attached as Annex B hereto (such amendments together with the Title Covenant Amendments and the Credit Agreement Amendments, collectively, the “Amendments”).
