Reorganization Transaction. Notwithstanding any provision in this Agreement or any other Loan Document to the contrary, so long as there shall not exist any pending or threatened action, suit, investigation, litigation or proceeding pending or threatened in any court or before any arbitrator or governmental instrumentality which contests the consummation of any of the following transactions, upon an election by Holdings,
Appears in 4 contracts
Samples: Credit Agreement (WRC Media Inc), Credit Agreement (World Almanac Education Group Inc), Credit Agreement (WRC Media Inc)