Common use of Certain Adverse Actions Clause in Contracts

Certain Adverse Actions. The Borrower shall not, and shall not vote to authorize the NBA to, take any action, including the amendment, modification or waiver of any of its rights under the League Visual Media Contracts or any other agreement, that in each case would invalidate the Collateral Agent’s Lien on any Collateral.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Madison Square Garden Sports Corp.), Credit Agreement (Madison Square Garden Co)

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Certain Adverse Actions. The Borrower shall not, and shall not vote to authorize the NBA to, take any action, including the amendment, modification or waiver of any of its rights under the League Visual Media Contracts or any other agreement, that in each case would invalidate the Collateral Agent’s Lien on any material portion of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Madison Square Garden Sports Corp.)

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