EMPLOYMENT AGREEMENTEmployment Agreement • August 7th, 2012 • Live Nation Entertainment, Inc. • Services-amusement & recreation services • California
This Employment Agreement (this “Agreement”) is entered into and effective March 18, 2011 (the “Effective Date”) by and between Live Nation Worldwide, Inc., a Delaware corporation (together with its parent, subsidiary and other affiliated entities, “Live Nation”), and Joe Berchtold (the “Employee”).
AMENDMENT NO. 1Live Nation Entertainment, Inc. • August 7th, 2012 • Services-amusement & recreation services
Applicable Percentages for Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit Fees, Term A Loans and Term B Loans will be based on the Consolidated Total Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 7.02(b). Any increase or decrease in such Applicable Percentage resulting from a change in the Consolidated Total Leverage Ratio shall become effective on the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.02(b); provided, however, that if (i) a Compliance Certificate is not delivered when due in accordance therewith or (ii) an Event of Default pursuant to Section 9.01(a), (f) or (h) has occurred and is continuing, then, (x) with respect to Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit Fees and Term A Loans, in the case of clause (i), pricing level VI shall apply as of the first Business Day after the date on which
