Amendments to Section 6: Affirmative Covenants of the Credit Agreement is hereby amended by deleting it in its entirety and substituting "[Intentionally Omitted]" therefor.
Amendments to Section 6: Affirmative Covenants. (A) Section 6.13 of the Credit Agreement is hereby amended by adding at the end thereof the following: “Notwithstanding anything to the contrary in this Section 6.13, (i) with respect to EMAK Europe Holdings Ltd., a United Kingdom company (“EMAK Europe”), EMAK Hong Kong, EMAK China, EMAK Asia Holdings Company Limited, a Hong Kong company, and Megaprint Group Limited, a United Kingdom company (“Megaprint”), Borrower shall deliver, or cause to be delivered, to Administrative Agent the applicable items set forth above (which shall include an equitable charge governed by the law of the United Kingdom) on or prior to May 15, 2005 and, (ii) with respect to EMI, Upshot, SCI, Logistix, Pop Rocket and EMAK Worldwide, Borrower shall deliver, or cause to be delivered, to Administrative Agent the applicable items set forth above on or prior to April 19, 2005, including without limitation with respect to each such Domestic Subsidiary, (a) the applicable items required by Section 4.01(iii) , 4.01(vi) and 4.01(j) hereof (to the extent not delivered on or prior to the Eighth Amendment Effective Date), (b) the legal opinions described in Section 6.13(c) (which the Grantors hereby agree are being requested by Administrative Agent), (c) executed Grant of Trademark Security Interest, Grant of Patent Security Interest and Grant of Copyright Security Interest (in each case to the extent required by Administrative Agent), and (d) collateral documents relating to Real Property Assets of such Subsidiaries. Borrower hereby represents and warrant that, as of the Eighth Amendment Effective Date, EMAK Europe does not hold any assets other than stock of Megaprint, EMAK Europe Services Limited, a United Kingdom company (“EMAK Europe Services”) and Prodesign Marketing Limited, a United Kingdom company (“Prodesign”) and hereby covenants that, after the Eighth Amendment Effective Date, it will not own any assets other than the stock of Megaprint, EMAK Europe Services, Prodesign and Logistix Limited, a United Kingdom company.”
Amendments to Section 6: Affirmative Covenants. A. Subsection 6.1 of the Credit Agreement is hereby amended by (i) inserting the phrase "of any Event of Default or Potential Event of Default" immediately after the word "existence" in clause (2) of subsection 6.1(v) and (ii) inserting the word "constitute" immediately before the phrase "a default" in clause (c) of subsection 6.1(xi).
Amendments to Section 6: Affirmative Covenants. A. Subsection 6.12 is hereby amended by deleting clause (i) of such subsection in its entirety and substituting therefore the following:
(i) If an Event of Default or Potential Event of Default has occurred and is continuing, Holdings shall and shall cause its Subsidiaries to fully cooperate in the preparation of updates to the Emerald Appraisal as often as the Administrative Agent shall request in its discretion."
Amendments to Section 6: Affirmative Covenants. A. Subsection (a) of Section 6.1 of the Credit Agreement is hereby amended by (1) deleting the word “and” after the clause (i) and substituting in lieu thereof a comma, (2) deleting the period at the end of the clause (ii) and substituting in lieu thereof the word “and”, and (3) adding the following clause (iii) at the end of first sentence of subsection (a): “and (iii) prior to the occurrence of the EMJ Guaranty Event, the consolidated balance sheet of RSA and its Subsidiaries (excluding EMJ Companies) as at the end of such Fiscal Year and the consolidated statements of operations, Shareholders’ Equity and cash flows, in each case of RSA and its Subsidiaries (excluding EMJ Companies) for such Fiscal Year.”
B. Subsection (b) of Section 6.1 of the Credit Agreement is hereby amended by deleting it therefrom in its entirety and substituting the following therefor: “As soon as practicable, and in any event within 50 days after the end of each Fiscal Quarter (other than the fourth Fiscal Quarter in any Fiscal Year), (i) the consolidated balance sheet of RSA and its Subsidiaries as at the end of such Fiscal Quarter and the consolidated statement of operations for such Fiscal Quarter, and its statement of cash flows for the portion of the Fiscal Year ended with such Fiscal Quarter, all in reasonable detail, and (ii) prior to the occurrence of the EMJ Guaranty Event, the consolidated balance sheet of RSA and its Subsidiaries (excluding EMJ Companies) as at the end of such Fiscal Quarter and the consolidated statement of operations for such Fiscal Quarter, and its statement of cash flows for the portion of the Fiscal Year ended with such Fiscal Quarter, all in reasonable detail.”
C. Subsection (e) of Section 6.2 of the Credit Agreement is hereby amended by deleting the reference to “$5,000,000” contained therein and substituting “$20,000,000” therefor.
D. Section 6.2 of the Credit Agreement is hereby amended by (1) deleting the period at the end of subsection (j) and substituting in lieu thereof a semi-colon followed by the word “and,” and (2) adding the following subsection (k):
Amendments to Section 6: Affirmative Covenants. Section 6 of the Credit Agreement is hereby amended by adding a new subsection 6.16 at the end thereof as follows:
Amendments to Section 6: Affirmative Covenants
