AMENDMENT TO AND OBLIGATIONS UNDER SECTION Sample Clauses

AMENDMENT TO AND OBLIGATIONS UNDER SECTION. 5.22. Section 5.22 of the Merger Agreement is hereby amended by adding at the end of such section, before the period, the phrase ", except that such agreements shall be revised (i) to add to the definition of 'Shares' set forth in Section 1 of such agreements, as a new subsection (vi), the words 'and (vi) any rights described in Exhibits A or B to the Merger Agreement and any securities underlying such rights, provided that neither such rights nor any shares issued upon exercise of such rights shall be subject to the Lock-Up Agreement provided in Section 2 of this Agreement, and provided further, that the proviso in the definition of Registrable Shares which limits the number of Shares that may be registered shall not be deemed to apply to such rights or any such securities underlying such rights, and provided further, that Crescent's covenants to register shares contained in such agreements shall extend to such rights and to any securities underlying such rights, whether issued by Crescent or by a subsidiary of Crescent', (ii) to provide that the Lock-Up Period provided in Section 2(a) of such agreements shall expire eighteen months after January 16, 1998 and the Lock-Up Period provided in Section 2(b) of such agreements shall expire twelve months after January 16, 1998, and (iii) to replace the words 'Station Common Stock' in clause (i) of the definition of 'Shares' with the words 'Common Shares' and to insert, after the word 'date' in the third line of said definition, the words 'one day after the date'." Each member of the Ownership Group hereby confirms his obligations under and agrees to be bound by Section 5.22 of the Merger Agreement.