Amendment to Trust Agreement. Section 1(i) of the Original Agreement is hereby amended and restated in its entirety as follows:
Amendment to Trust Agreement. 70Section 1. Amendment by Parties Articles I, VI, XI, Sections 1-4, inclusive and 7-9, inclusive of Article XIII and Exhibit A of this Agreement and Declaration of Trust may be amended in any respect, not specifically prohibited by Section 2 of this Article, from time to time by written instrument duly approved and executed by seventy- five percent (75%) in number of the individual Directors in office at the time. This Agreement and Declaration of Trust may otherwise be amended in any respect, not specifically prohibited in this Agreement, from time to time by written instrument duly executed and approved by 75% in number of the individual Directors in office at the time and ratified and approved in writing by at least 51% of the individual Employer parties (who at the time were obligated to make Contributions to the Plan within the 30 day period prior thereto and are not at the time delinquent as to contribution payments hereunder), and by at least 51% of the individual Union parties at the time. Upon ratification and approval by the last required signature thereto any such instrument constituting an amendment shall be annexed hereto. If such amendment does not by its own terms fix the effective date thereof then the Directors in their sole discretion shall have full power to fix such effective date by resolution provided that in such event such effective date shall not be a date prior to the ratification and approval by the last required signature thereto. Notwithstanding the foregoing, the rights of the Directors to amend provisions of this Agreement and Declaration of Trust by resolution, to the extent authorized by specific provisions of this Agreement and Declaration of Trust, shall remain in effect unless such authorization is amended in accordance with the terms of this Article X.
Amendment to Trust Agreement. Section 1. Amendment by Parties 57 Section 2. Limitation on Right to Amendment 57 Section 3. Notification of Amendment 57 Motion Picture Industry Health Plan Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXV)
Amendment to Trust Agreement. Section 1(i) of the Original Agreement is hereby amended and restated in its entirety as follows: “Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive Officer, Chief Financial Officer, Secretary or Chair of the Board of Directors of the Company (the “Board”) or other authorized officer of the Company, and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on the invested funds held in the Trust Account (net of taxes payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter and the other documents referred to therein, or a one-month extension period, which the Company may extend, by resolution of the Board and without approval of the Company’s stockholders, up to twelve times, each by one additional month (for a total of up to twelve additional months), provided that, for each such extension month, the Company must deposit into the Trust Account an amount equal to the lesser of (A) $75,000 or (B) $0.07 for each public share that is not redeemed in accordance with Section 9.2(b) of the Company’s second amended and restated certificate of incorporation, as it may be amended from time to time, if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including interest earned on the investment funds held in the Trust Account (net of taxable payable and less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Stockholders of record as of such date. It is acknowledged and agreed that there should be no reduction in the principal amount per share initially deposited in the Trust Account;”
Amendment to Trust Agreement. This Trust Agreement may be amended at any time by the Board and the Union by instrument in writing, provided that such amendment or modification:
Amendment to Trust Agreement. Section 5(b) of the Trust Agreement is deleted in its entirety and replaced with the following:
Amendment to Trust Agreement. The Trust Agreement is hereby amended as follows:
Amendment to Trust Agreement. Section 6(c) of the Original Agreement is hereby amended and restated in its entirety as follows: “This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for Section 1(i), 1(j) and 1(k) hereof (which sections may not be modified, amended or deleted without the affirmative vote of two thirds (66.67%) of the then outstanding Class A Ordinary Shares and Class B Ordinary Shares, par value $0.0001 per share, of the Company voting together as a single class; provided that no such amendment will affect any Public Shareholder who has otherwise indicated his election to redeem his Class A Ordinary Shares in connection with a shareholder vote sought to amend this Agreement), this Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties hereto. Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved of all liability to any party for executing the proposed amendment in reliance thereon.”
Amendment to Trust Agreement. (i) Schedule A of the Agreement is hereby amended and restated as set forth on Annex I hereto.
Amendment to Trust Agreement. The Trust Parties hereby agree that the “Amended and Restated Standard Definitions” attached to the Trust Agreement as Exhibit A shall be replaced with the Second Amended and Restated Standard Definitions.
