Common use of Program Contracts Clause in Contracts

Program Contracts. (a) On and after the Closing Date, when entering into agreements with its customers for the programs described in clause (i) of the definition of "Program Contracts", utilize Program Contracts that contain the security interest language specified in Exhibit P-1, with such changes as are acceptable to Agent, provided that it shall not be a breach of this Section 6.16(a) if contracts generating net revenues in an aggregate amount not exceeding $500,000 in any Fiscal Year do not contain the security interest language specified in Exhibit P-1 or other language acceptable to Agent. (b) On and after the Closing Date, when entering into agreements with its customers for the programs described in clause (ii) of the definition of "Program Contracts", utilize Program Contracts that contain the ▇▇▇▇ and hold language specified in Exhibit P-1, with such changes as are acceptable to Agent, provided that it shall not be a breach of this Section 6.16(b) if contracts generating net revenues in an aggregate amount not exceeding $500,000 in any Fiscal Year do not contain the ▇▇▇▇ and hold language specified in Exhibit P-1 or other language acceptable to Agent.