Common use of Schedule Supplements Clause in Contracts

Schedule Supplements. Each of the Schedules referred to in subsection 3.1 shall be automatically amended from time to time upon written notice by the Borrower to the Agent and the Lenders to reflect additional information described in such notice under this Agreement including, without limitation, the addition (or deletion) of any Subsidiaries, Broadcast Stations, FCC Licenses or LMA Agreements resulting from a Permitted Purchase or any other transaction permitted hereunder, and any modifications resulting from the renewal or additional grant of any FCC Licenses or LMA Agreements. Without limiting the foregoing, on the request of the Agent or any Lender (in the event that such information is not otherwise delivered by the Borrower to the Agent or the Lenders pursuant to this Agreement), the Borrower will supplement each Schedule hereto, or representation herein or in any other Loan Document with respect to any matter hereafter arising which, if existing or occurring at the date of this Agreement, would have been required to be set forth or described in such Schedule or as an exception to such representation or which is necessary to correct any information in such Schedule or representation which has been rendered inaccurate thereby; provided, that such supplement to such Schedule or representation shall not be deemed an amendment thereof if such amendment would require the consent of the Required Lenders under the terms of this Agreement, unless expressly consented to in writing by the Required Lenders, and no such amendments, except as the same may be consented to in a writing which expressly includes a waiver, shall be or be deemed a waiver by the Lenders of any Event of Default or Default disclosed therein.

Appears in 2 contracts

Sources: Credit Agreement (Paxson Communications Corp), Credit Agreement (Paxson Communications Corp)

Schedule Supplements. Each of the Schedules referred to in subsection 3.1 shall be automatically amended from time to time upon written notice by the Borrower to the Agent and the Lenders to reflect additional information described in such notice under this Agreement including, without limitation, the addition (or deletion) of any Subsidiaries, Broadcast Stations, FCC Licenses or LMA Agreements resulting from a Permitted Purchase Subsidiaries or any other transaction permitted hereunder, and any modifications resulting from the renewal or additional grant of any FCC Licenses or LMA Agreements. Without limiting the foregoing, on the request of the Agent or any Lender (in the event that such information is not otherwise delivered by the Borrower to the Agent or the Lenders pursuant to this Agreement), the Borrower will supplement each Schedule hereto, or representation herein or in any other Loan Document with respect to any matter hereafter arising which, if existing or occurring at the date of this Agreement, would have been required to be set forth or described in such Schedule or as an exception to such representation or which is necessary to correct any information in such Schedule or representation which has been rendered inaccurate thereby; provided, provided that such supplement to such Schedule or representation shall not be deemed an amendment thereof if such amendment would require the consent of the Required Lenders under the terms of this Agreement, unless expressly consented to in writing by the Required Lenders, and no such amendments, except as the same may be consented to in a writing which expressly includes a waiver, shall be or be deemed a waiver by the Lenders of any Event of Default or Default disclosed therein.

Appears in 1 contract

Sources: Credit Agreement (Paxson Communications Corp)