Content Transactions. amend the Credit Agreement in respect of Content Transactions, as per recent Liberty precedents, such that, amongst other things: a. an amount of the greater of £200,000,000 and 2% of Total Assets of net proceeds of each Content Transaction are not required to be prepaid against the Facilities in mandatory prepayment; and b. payments (being up to the greater of £200,000,000 and 2% of Total Assets) in respect of the proceeds of a Content Transaction will constitute Permitted Payments.
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Sources: Additional E Facility Accession Deed (Liberty Global PLC), Additional D Facility Accession Deed (Liberty Global PLC)
Content Transactions. amend the Credit Agreement in respect of Content Transactions, as per recent Liberty precedents, such that, amongst other things:
a. (a) an amount of the greater of £200,000,000 and 2% of Total Assets of net proceeds of each Content Transaction are not required to be prepaid against the Facilities in mandatory prepayment; and
b. (b) payments (being up to the greater of £200,000,000 and 2% of Total Assets) in respect of the proceeds of a Content Transaction will constitute Permitted Payments.
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