Common use of NFL Requirements Clause in Contracts

NFL Requirements. The Parties acknowledge that the Administrative Agent (as defined in the Credit Agreement) and the Collateral Agent are entering into a separate letter agreement with the NFL, the Trust, StadCo, TeamCo, and their respective Affiliates party thereto and the financial institutions party thereto (as the same may hereafter be amended, the “NFL Letter Agreement”), and that so long as the NFL Letter Agreement is in effect and notwithstanding anything in this Agreement or any other Collateral Document to the contrary, (a) the exercise by the Secured Parties (as defined in the Credit Agreement) of their rights and remedies under any Collateral Document (as defined in the Credit Agreement) will be made in accordance with the terms and provisions of the NFL Letter Agreement, and (b) in the event of any conflict or inconsistency between the terms of the NFL Letter Agreement and the terms of any Collateral Document (including this Agreement) relating to the rights and remedies of the Secured Parties under such Collateral Document, the terms of the NFL Letter Agreement will control as among the parties thereto. Without limitation of the terms of the NFL Letter Agreement, the parties hereto agree that the NFL is a third party beneficiary of this Section 8.25 and any other terms hereof which operate to the benefit of the NFL, with full rights to enforce the same and no such term may be amended, modified or waived without the prior written consent of the NFL.

NFL Requirements. The Parties acknowledge that that[ the Trust, StadCo,] the Administrative Agent (as defined in the Credit Agreement) )[,] and the Collateral Agent are entering into a separate letter agreement with with[, inter alia,] the NFL, the Trust, StadCo, TeamCo, and their respective Affiliates party thereto and the financial institutions party thereto (as the same may hereafter be amended, the “NFL Letter Agreement”), and that so long as the NFL Letter Agreement is in effect and notwithstanding anything in this Agreement or any other Collateral Document to the contrary, (a) the exercise by the Secured Parties (as defined in the Credit Agreement) of their rights and remedies under any Collateral Document (as defined in the Credit Agreement) will be made in accordance with the terms and provisions of the NFL Letter Agreement, and (b) in the event of any conflict or inconsistency between the terms of the NFL Letter Agreement and the terms of any Collateral Document (including this Agreement) relating to the rights and remedies of the Secured Parties under such Collateral Document, the terms of the NFL Letter Agreement will control as among the parties thereto. Without limitation of the terms of the NFL Letter Agreement, the parties hereto agree that the NFL is a third party beneficiary of this Section 8.25 and any other terms hereof which operate to the benefit of the NFL, with full rights to enforce the same and no such term may be amended, modified or waived without the prior written consent of the NFL.