Amendments to Management Agreement. The following provisions in the Management Agreement are amended as follows:
Article 1: The following new definitions are inserted (but the insertion of such new definitions shall not affect or change the section references for any of the other definitions in Article 1):
Amendments to Management Agreement. The Collateral Manager shall notify the Administrative Agent (which shall notify the Lenders) of any proposed material amendment or modification of the Management Agreement. Such notice shall be delivered not less than ten (10) days prior to the proposed effective date of such amendment or modification.
Amendments to Management Agreement. Promptly upon execution of any amendment, modification or supplement to any Management Agreement, to the Administrative Agent a true and correct copy of such amendment, modification or supplement.
Amendments to Management Agreement. The Borrower will ensure that neither the relevant Owner nor the Borrower or the Approved Manager or the Third Party Manager will, without the prior written consent of the Agent acting on the instructions of the Majority Lenders (such consent not to be unreasonably withheld), agree to any material amendment or supplement to, or waive any breach in relation to, the Management Agreement.
Amendments to Management Agreement. The Borrower shall not have amended the Management Agreement unless the Borrower shall have received the prior written consent of the Administrative Agent to such amendment.
Amendments to Management Agreement. The parties hereto do hereby covenant and agree to the following amendments to the Management Agreement to be effective as of the Effective Date:
Amendments to Management Agreement. (a) Paragraph (a) of Section 15.01 of the Management Agreement is hereby amended by deleting the existing paragraph (a) in its entirety and inserting the following in lieu thereof:
(a) If to Partnership: Coca-Cola Bottling Co. Consolidated Coca-Cola Corporate Center 4100 Coca-Cola Plaza (28211-3481) P.O. Box 31400 Xharlotte, North Carolina 28230-0000 Xxxxxxxxx: Xxxxx Xxxxxxxxx Xxxxxxx Telecopy No.: (704) 557-4451 With a copy to the addresses lxxxxx xx (x) xelow.
(b) Paragraph (c) of Section 15.01 of the Management Agreement is hereby amended by deleting the existing paragraph (c) in its entirety and inserting the following in lieu thereof:
(c) If to Manager or Ventures: Coca-Cola Bottling Co. Consolidated Coca-Cola Corporate Center 4100 Coca-Cola Plaza (28211-3481) P.O. Box 31400 Xharlotte, North Carolina 28230-0000 Xxxxxxxxx: Xxxxx Xxxxxxxxx Xxxxxxx Telecopy No.: (704) 557-4451 with a copy to: Xxxxxxx Xxxington Lobdell & Hickman, L.L.P. Baxx xx Xmxxxxx Xxxpxxxxx Xentxx 100 North Tryon Street, 42nd Floor Charlotte, Xxxxx Xxxxxxxx 28202-4006 Attention: Henry W. Flint, Esq. Telecopy No.: (704) 331-0000
Amendments to Management Agreement. 4.1. Xxxxxxxx and Xxxxxxxx hereby agree to make the following amendments to the Management Agreement:
(a) Section 2.1 of the Management Agreement is hereby deleted in its entirety and replaced it with the following:
Amendments to Management Agreement. 2.1. Section 6(a) of the Agreement is hereby amended and restated in its entirety and replaced with the following: “For the Manager’s services under this Agreement, the Company agrees to pay to the Manager the consideration set forth in Schedule A, which shall constitute all fees and expense reimbursement due to the Manager hereunder.”
2.2. Section 6(c) of the Agreement is hereby amended such that the words “within thirty (30) calendar days” is deleted and replaced with the following: “on or within three calendar days of the Company’s filing of its next quarterly or annual report (i.e., 10-Q, 10-K), as applicable,”
2.3. The “Expenses.” section of Schedule A to the Management Agreement is hereby amended and restated in its entirety and replaced with the following: “Expenses. The Company shall pay (or cause to be paid) to the Manager, on a quarterly basis in arrears, a cash payment of $50,000, which payment will be in full satisfaction of any obligation that the Company has under this Agreement or otherwise with respect to the payment or reimbursement of expenses of the Manager.”
Amendments to Management Agreement. Manager will seek all approvals and consents required from, and elections to be made by, “Owner” under the Management Agreement solely from Tenant and (notwithstanding any terms to the contrary in the Lease) may rely on the same without any obligation to obtain confirmation from Landlord in any form or to grant any additional time for Landlord to instruct Tenant with respect to such matters.
