Separation Agreement. The Administrative Agent shall have received a final, execution version of the Separation Agreement, which shall not have any changes since the draft of July 25, 2008 provided to the Lead Arrangers that are materially adverse to the Lenders, and there shall have been no changes to the structure or terms of the Spin-Off and related transactions pursuant to Section 12.01 of the Separation Agreement that are materially adverse to the Lenders, in each case, unless reasonably satisfactory to the Lead Arrangers.
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Samples: Credit Agreement (Ticketmaster Entertainment, Inc.), Credit Agreement (Live Nation, Inc.), Credit Agreement (Interval Leisure Group, Inc.)