Amendment to Section 7.2 Sample Clauses

Amendment to Section 7.2. Section 7.2 of the Agreement is hereby deleted in its entirety and replaced with the following:

Amendment to Section 7.2. Section 7.2 of the Agreement is hereby amended by replacing the section in its entirety with the following language:

Amendment to Section 7.2. 8 (Hainan Bo Ao Cost-Share Matters) of the Agreement is hereby amended and restated in its entirety as follows:

Amendment to Section 7.2. Section 7.2 of the Security Agreement shall be restated in its entirety as follows:

Amendment to Section 7.2. (a) Section 7.2(b) of the Agreement is hereby amended by deleting the phrase “and Merger Sub Three” and inserting the word “and” between “Office Depot” and “Merger Sub Two” in Section 7.2(b) of the Agreement. (b) Section 7.2(d) of the Agreement is hereby amended and restated to read as follows: “OfficeMax shall have received a written tax opinion from OfficeMax’s Counsel, in form and substance reasonably satisfactory to OfficeMax, dated as of the Closing Date, to the effect that, on the basis of certain facts, representations and assumptions set forth or referred to in such opinion, each of the First Merger and the Second Merger will qualify for United States federal income tax purposes, as a “reorganization” within the meaning of Section 368(a) of the Code.”

Amendment to Section 7.2. Section 7.2 of the Rights Agreement is hereby amended and restated to read in its entirety as follows:

Amendment to Section 7.2. Section 7.2 of the Credit Agreement shall be amended by deleting the word “and”at the end of clause (xi), by substituting “(other than Indebtedness specified in clauses (i) through (viii) and in clauses (x) through (xiii))” for the first parenthetical in clause (ix), by substituting “; and” for the period (“.”) at the end of clause (xii), and by adding the following new clause (xiii) to the end thereof:

Amendment to Section 7.2. Section 7.2 of the Credit Agreement is hereby amended by deleting existing paragraphs (a) and (b) thereof in their entirety and inserting in lieu thereof the following new paragraphs (a) and (b): (a) If an Event of Default specified in Section 7.1(e) or (f) shall occur and be continuing, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately become due and payable. (b) If an Event of Default other than those specified in Section 7.1(e) or (f) shall occur and be continuing, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to Gannett, declare Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to Gannett, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, Gannett shall as soon as practicable thereafter, but in no event later than one Business Day thereafter, deposit in a cash collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of Gannett hereunder. After all such Letters of Credit shall have expired or been fully drawn upon, all R...

Amendment to Section 7.2. Section 7.2 of the Existing Credit Agreement is hereby amended as follows: by adding a new Section 7.2.18, which reads as follows: