Release and Indemnification Agreement讓渡與補(bǔ)償協(xié)議

-36-ReleaseandIndemnificationAgreement讓渡與補(bǔ)償協(xié)議核心提示：DATEDASOF_________,_________,_________(M/D/Y)BYANDBETWEENAAAINC.ANDBBBINC.TABLEOFCONTENTSARTICLEIDEFINITIONSSection1.01.DefinitionsARTICLEIIINDEMNIFICATIONSection2.01.IndemnificationbyBBBSection2.02.IndemnificationbyADATEDASOF_________,_________,_________(M/D/Y)BYANDBETWEENAAAINC.ANDBBBINC.TABLEOFCONTENTSARTICLEIDEFINITIONSSection1.01.DefinitionsARTICLEIIINDEMNIFICATIONSection2.01.IndemnificationbyBBBSection2.02.IndemnificationbyAAASection2.03.CertainTaxMattersSection2.04.RegistrationIndemnificationSection2.05.CalculationofIndemnificationPaymentsSection2.06.IndemnificationProceduresSection2.07.RemediesCumulativeARTICLEIIIRELEASESection3.01.GeneralReleaseARTICLEIVMISCELLANEOUSSection4.01.FurtherAgreementsSection4.02.AmendmentsSection4.03.SuccessorsandAssignmentSection4.04.Consolidation,MergerandSaleofAssetsSection4.05.SeverabilitySection4.06.EntireAgreementSection4.07.NoticesSection4.08.GoverningLawSection4.09.CounterpartsRELEASEANDINDEMNIFICATIONAGREEMENTRELEASEANDINDEMNIFICATIONAGREEMENT(thisAgreement)datedasof_________,_________,_________(M/D/Y)byandbetweenAAAINC.,a_________(Address)corporation(AAA)andBBBINC.,a_________(Address)corporationandanindirect,whollyownedsubsidiaryofAAA(BBB).RECITALSWHEREAS,on_________,_________,_________(M/D/Y),AAAacquiredthebusinessesandoperationsofBBBEntertainmentCorporation,a_________(Address)Corporation(BEC)throughamergerofBECwithandintoAAA(theMerger);WHEREAS,sincetheMerger,AAAhasownedandoperatedtheacquiredbusinessesandoperationsofBECandotherrelatedbusinessesandoperationsandhasmadesignificantimprovementsandcontributionstheretoandhastransferredcertainoftheassets,businessesandoperationsacquiredintheMergerandcertainotherrelatedassets,businessesandoperationstoBBBanditsSubsidiaries(collectively,theAssetTransfers);WHEREAS,AAApresentlyintendstosplit-offBBBinatax-freetransaction;WHEREAS,priortosuchsplit-off,BBBproposestoissuesharesofitscommonstockinaninitialpublicofferingregisteredundertheSecuritiesActof1933,asamended;WHEREAS,inconsiderationoftheforegoingandasaconditiontothewillingnessofthepartiestoproceedwiththeinitialpublicoffering,BBBhasagreedtoreleaseandindemnifyAAA,andAAAhasagreedtoreleaseandindemnifyBBB,asmorefullydescribedbelow;andNOW,THEREFORE,inconsiderationofthemutualcovenantssetforthinthisAgreementandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesheretoagreeasfollows:ARTICLEIDEFINITIONSSection1.01.Definitions.AsusedinthisAgreement,thefollowingtermsshallhavethefollowingmeanings:Affiliatesmeans,withrespecttoanyspecifiedPerson,anyPersonthatdirectly,orindirectlythroughoneormoreintermediaries,controls,oriscontrolledby,orisundercommoncontrolwithsuchspecifiedPerson;provided,however,thatpriortotheSplit-Off,AffiliatesofBBBorAAAshallonlyincludePersonswhowouldbeaffiliatesofBBBorAAA,respectively,assumingthattheSplit-OffhadoccurredimmediatelypriortothedeterminationastowhethersuchPersonwasanaffiliateofBBBorAAA,respectively.AgreementhasthemeaningascribedtheretointhePreamble.AssetTransfershasthemeaningascribedtheretointheRecitals.BEChasthemeaningascribedtheretointheRecitals.BBBhasthemeaningascribedtheretointhePreamble.BBBBusinesshasthemeaningascribedtheretoinSection2.01(a)(i).BBBRegistrationStatementmeansanyregistrationstatement(oranypreliminaryorfinalprospectusincludedtherein),informationmemorandumorotherofferingdocumentrelatingtoaprimaryofferandsaleofsecuritiesofBBBpreparedbyBBBoratitsdirection,ineachcaseincludingallexhibitstheretoandassupplementedandamendedfromtimetotime.BBBSubsidiaryObligorsmeans,collectively,anydirectorindirectSubsidiaryofBBBthatisorbecomesanobligoron,guarantees,orotherwisebecomesdirectlyorindirectlyliablewithrespecttoanySeniorIndebtednessofBBB.IndemnifiedPartymeansanyPersonwhoisentitledtoreceivedpaymentordefensefromanIndemnifyingPartypursuanttothisAgreement.IndemnifyingPartymeansanypartywhoisrequiredtopayordefendanyotherPersonpursuanttothisAgreement.IPOmeanstheinitialpublicofferingbyBBBofsharesofBBBClassACommonStockascontemplatedbytheIPORegistrationStatement.IPOandSplit-OffAgreementmeansInitialPublicOfferingandSplit-OffAgreementdateasofthedatedhereofamongAAA,AAAInternationalInc.andBBB.IPORegistrationStatementmeanstheRegistrationStatementonFormS-1,RegistrationNo._________,ofBBB,includingallexhibitstheretoandassupplementedandamendedfromtimetotime.IntercompanyAgreementsmeansthisAgreement,theIPOandSplit-OffAgreementandtheTransitionServicesAgreement,theRegistrationRightsAgreementandtheTaxMattersAgreement,eachdatedthedatehereofbyandbetweentheparties.LosseshasthemeaningascribedtheretoinSection2.01(a).MergerhasthemeaningascribedtheretointheRecitals.Personmeansanyindividual,corporation,limitedorgeneralpartnership,limitedliabilitycompany,jointventureassociation,jointstockcompany,trustunincorporatedorganizationorgovernmentoranyagencyorpoliticalsubdivisionthereof.Representativesmeansdirectors,officers,employees,agents,consultants,advisors,accountants,attorneysandrepresentatives.SecuritiesActmeanstheSecuritiesActof1933,asamendedfromtimetotime,togetherwiththerulesandregulationspromulgatedthereunder.SeniorIndebtednessmeans,withrespecttoaPerson,(i)allseniorindebtednessofsuchPersonforborrowedmoney,(ii)allseniorobligationsofsuchPersonevidencedbybonds,debentures,notesorothersimilarinstrumentsand(iii)allseniorindebtednessofotherssecuredbyalienonanypropertyofsuchperson.Split-OffmeansthedistributionofBBBCommonStockbyAAAinoneormoretransactionsoccurringaftertheIPOthatcollectivelyhavetheeffectthatallorasubstantialpartofsharesofBBBCommonStockheldbyAAAaredistributedtoallorsomeofthestockholdersofAAA,wheneversuchtransaction(s)shalloccur.Split-OffRegistrationStatementmeansanyregistrationstatement(oranypreliminaryorfinalprospectusincludedtherein),informationmemorandumorotherofferingdocumentrelatingtotheSplit-Off,ineachcaseincludingallexhibitstheretoandassupplementedandamendedfromtimetotime.SubsidiarymeanswithrespecttoanyPerson,anyotherPersonamajorityoftheequityownershiporvotingstockofwhichisatthetimeowned,directlyorindirectly,bysuchPersonand/oroneormoreotherSubsidiariesofsuchPerson;provided,however,thatpriortotheSplit-Off,aSubsidiaryofAAAshallonlyincludePersonswhowouldbeaSubsidiaryofAAAassumingtheSplit-OffhasoccurredimmediatelypriortothedeterminationastowhethersuchPersonwasaSubsidiaryofAAA.TransferCostsmeansanypayments,costsorexpensespaidtoathirdpartyassociatedwiththeAssetTransfers.AAAhasthemeaningascribedtheretointhePreamble.AAABusinesshasthemeaningascribedtheretoinSection2.02.AAAGuaranteesmeansguaranteesofAAAanditsSubsidiarieswithrespecttoobligationsarisingoutoforrelatingtotheBBBBusiness,includingwithoutlimitationguaranteesorotherobligationsunderleasesorotheragreementsrelatingtovideoandmusicstores,offices,warehousesandequipment.ARTICLEIIINDEMNIFICATIONSection2.01.IndemnificationbyBBB.(a)BBBandanyBBBSubsidiaryObligorjointlyandseverallyagreetoindemnifyandholdharmlessAAAanditspast,presentorfutureSubsidiariesandAffiliatesandanyoftheirpast,presentorfutureRepresentatives,heirs,executorsandanyoftheirsuccessorsandassignsagainstanyandallpayments,losses,liabilities,damages,claims,andexpenses(includingwithoutlimitation,attorney’sfeesandexpensesincurredingoodfaith)andcostswhatsoever(Losses),asincurred,arisingoutoforrelatingto:(i)allassets,businessesandoperationsconducted,operated,managedorowned,inwholeorinpart,by(A)BECoranyPersonthatwasanyattimeaSubsidiaryorAffiliateofBEC,(B)AAAoranyPersonthatwasanyattimeaSubsidiaryorAffiliateofAAAthatweretheresponsibilityofthechiefexecutiveofficeroftheBBBEntertainmentoperatingunitofAAA,(C)BBBoranyPersonthatwasatanytimeaSubsidiaryorAffiliateofBBB,or(D)anysuccessor,assignorRepresentativeofanyoftheforegoingatanytime,whetherbefore,atoraftertheIPO(includingwithoutlimitationanyassets,businessesoroperationsthatwerepurchased,newlystarted,discontinuedorsold)oranytransactionrelatedtheretoorcausesofactionarisingtherefrom(collectively,theBBBBusiness);and(ii)theTransferCosts;providedthat,incaseofclause(i)above,assets,businessesandoperationsreferredtothereinshall(A)include,withoutlimitation,homevideoretailing(whethervideocassette,laserdisc,digitalversatiledisc,digitalvideoexpressorotherwiseandwhetherrentalorsaleorinaphysicalstoreorovertheInternet),videogameretailing(whetherrentalorsale),musicretailing,theoperationofchildrenandadultentertainmentcenters(butthisindemnificationshallnotapplytoassets,businessesandoperationsconductedbyParamountParks)andthedevelopment,marketing,saleandmanagementoffranchisesrelatedtotheforegoingassets,businessesandoperationsandtheAAAGuaranteesand(B)excludeallassets,businessesandoperationsofSpellingEntertainmentGroupInc.anditsSubsidiaries(includingRepublicEntertainmentInc.andWorldVisionInc.),ShowtimeNetworksInc.,VirginInteractiveEntertainmentLimitedandVirginInteractiveEntertainmentInc.(b)TotheextentthataSubsidiaryofBBBbecomesaBBBSubsidiaryObligor,BBBshallcausesuchSubsidiarytobecomeapartytothisAgreementthroughanamendmentheretopursuanttowhichsuchBBBSubsidiaryObligorwillexpresslyassumealloftheobligations,andacquirealloftherights,ofBBBunderthisAgreement.SuchassumptionofobligationsandacquisitionofrightsshallinnowaydischargeBBBfromanyofitsobligationshereunderordiminishanyofBBB’srightshereunder,asthecasemaybe.Suchamendmentshallbe(i)executedanddeliveredtoAAA(andshallbecomeeffective)simultaneouslywiththeexecutionanddeliverybysuchBBBSubsidiaryObligor(andtheeffectiveness)ofthedocumentationpursuanttowhichitbecameaBBBSubsidiaryObligorand(ii)containprovisionsreasonablysatisfactorytoAAAtomaximizethelikelihoodthatsuchamendmentwouldnotbesubjecttoattackunderapplicablefraudulentconveyanceorsimilarlaws.(c)TheobligationsofthepartiesunderthisSection2.01shallbeinadditiontoanyliabilitywhichanypartymayhavetotheotherparty.Section2.02.IndemnificationbyAAA.(a)AAAagreestoindemnifyandholdharmlessBBBanditspast,presentorfutureSubsidiariesandAffiliatesandanyoftheirpast,presentorfutureRepresentatives,heirsandanyoftheirexecutors,successorsandassignsagainstanyandallLosses,asincurred,arisingoutoforrelatingtoallassets,businessesandoperationsconducted,operated,managedorowned,inwholeorinpart,byAAAoranyPersonthatwasatanytimeaSubsidiaryorAffiliateofAAAoranypredecessor,successor,assignorRepresentativeofanyoftheforegoingatanytimewhetherbefore,atoraftertheIPO(including,withoutlimitation,anyassets,businessesoroperationsthatwerepurchased,newlystarted,discontinuedorsold)oranytransactionrelatedtheretoorcausesofactionarisingtherefromotherthantheBBBBusinessandTransferCostswhichBBBandanyBBBSubsidiaryObligoragreetoindemnifyAAApursuanttoSection1.01)(theAAABusiness).(b)TheobligationsofthepartiesunderthisSection2.02shallbeinadditiontoanyliabilitywhichanypartymayhavetotheotherparty.Section2.03.CertainTaxMatters.Notwithstandinganythingtothecontraryherein,therightsandobligationsofthepartieswithrespecttoindemnificationforthetaxmattersthatarethesubjectmatteroftheTaxMattersAgreementdatedasofthedatehereofbetweenthepartiestheretoshallbegovernedsolelybysuchagreement.Section2.04.RegistrationIndemnification.(a)BBBandanyBBBSubsidiaryObligorjointlyandseverallyagreetoindemnifyandholdharmlessAAAandeachPerson,ifany,whocontrolsAAAwithinthemeaningoftheSecuritiesActandAffiliatesandRepresentativesofeachoftheforegoingfromandagainstanyandallLosses(including,withoutlimitation,anylegalorotherexpensesincurredinconnectionwithdefendingorinvestigatinganysuchactionorclaim),asincurred,arisingoutoforrelatingtoanyuntruestatementorallegeduntruestatementofamaterialfactcontainedin,orincorporatedbyreferenceinto(i)anyBBBRegistrationStatementfiledatorpriortothedateoftheSplit-Off,including,withoutlimitation,theIPORegistrationStatementand(ii)anySplit-OffRegistrationStatementoranyomissionorallegedomissiontostatethereinamaterialfactrequiredtobestatedthereinornecessarytomakethestatementsthereinnotmisleading,exceptthatBBBandanyBBBSubsidiaryObligorshallnotbeliableinanysuchcasetotheextentthatanysuchLossesarearisingoutoforrelatingtoanysuchuntruestatementoromissionorallegeduntruestatementoromissionbaseduponinformationrelatingtoAAAfurnishedtoBBBinwritingbyAAAexpresslyforusetherein.SuchindemnityshallremaininfullforceandeffectregardlessofanyinvestigationmadebyoronbehalfofAAAandshallsurvivethetransferofsuchsecurities.InthecaseofanofferingwithrespecttowhichAAAhasdesignatedtheleadormanagingunderwriters(orAAAisofferingsecuritiesofBBBdirectly,withoutanunderwriter),thisindemnitydoesnotapplytoanyLossarisingoutoforrelatingtoanyuntruestatementorallegeduntruestatementoromissionorallegedomissioninanypreliminaryprospectusorofferingmemorandumifacopyofafinalprospectusorofferingmemorandumwasnotsentorgivenbyoronbehalfofanyunderwriter(orAAA)tosuchPersonassertingsuchLossatorpriortothewrittenconfirmationofthesaleofthesecuritiesofBBBasrequiredbytheSecuritiesActandsuchuntruestatementoromissionhadbeencorrectedinsuchfinalprospectusorofferingmemorandum.(b)AAAagreestoindemnifyandholdharmlessBBBandeachPerson,ifany,whocontrolsBBBwithinthemeaningoftheSecuritiesActandAffiliatesandRepresentativesofeachoftheforegoingfromandagainstanyandallLosses(including,withoutlimitation,anylegalorotherexpensesincurredinconnectionwithdefendingorinvestigatinganysuchactionorclaim),asincurred,arisingoutoforrelatingtoanyuntruestatementorallegeduntruestatementofamaterialfactcontainedin,orincorporatedbyreferenceinto,(i)anyBBBRegistrationStatementfiledatorpriortothedateoftheSplit-Off,including,withoutlimitation,theIPORegistrationStatement,(ii)andanySplit-OffRegistrationStatement,oranyomissionorallegedomissiontostatethereinamaterialfactrequiredtobestatedthereinornecessarytomakethestatementsthereinnotmisleading,butonlywithreferencetoLossesarisingoutoforrelatingtoanyuntruestatementoromissionorallegeduntruestatementoromissionbasedoninformationrelatingtoAAAfurnishedtoBBBinwritingbyAAAexpresslyforusetherein.SuchindemnityshallremaininfullforceandeffectregardlessofanyinvestigationmadebyoronbehalfofBBBandshallsurvivethetransferofsuchsecurities.InthecaseofanofferingwithrespecttowhichBBBhasdesignatedtheleadormanagingunderwriters(orBBBisofferingsecuritiesofBBBdirectly,withoutanunderwriter),thisindemnitydoesnotapplytoanyLossarisingoutoforrelatingtoanyuntruestatementorallegeduntruestatementoromissionorallegedomissioninanypreliminaryprospectusorofferingmemorandumifacopyofafinalprospectusorofferingmemorandumwasnotsentorgivenbyoronbehalfofanyunderwriter(orBBB)tosuchPersonassertingsuchLossatorpriortothewrittenconfirmationofthesaleofthesecuritiesofBBBasrequiredbytheSecuritiesActandsuchuntruestatementoromissionhadbeencorrectedinsuchfinalprospectusorofferingmemorandum.(c)IftheindemnificationprovidedforinthisSection2.04shallforanyreasonbeunavailable(otherthaninaccordancewithitsterms)toanIndemnifiedPartyinrespectofanyLossreferredtotherein,theneachIndemnifyingPartyshall,inlieuofindemnifyingsuchIndemnifiedParty,contributetotheamountpaidorpayablebysuchIndemnifiedPartyasaresultofsuchLossasbetweenBBBontheonehandandAAAontheother,insuchproportionasisappropriatetoreflecttherelativefaultofBBBandofAAAinconnectionwithsuchstatementsoromissionswhichresultedinsuchLossaswellasanyotherrelevantequitableconsiderations.TherelativefaultofBBBontheonehandandofAAAontheothershallbedeterminedbyreferenceto,amongotherthings,whethertheuntrueorallegeduntruestatementofamaterialfactortheomissionorallegedomissiontostateamaterialfactrelatestoinformationsuppliedbysuchparty,andtheparties’relativeintent,knowledge,accesstoinformationandopportunitytocorrectorpreventsuchstatementoromission,butnotbyreferencetoAAA’sstockownershipinBBB.TheamountpaidorpayablebyanIndemnifiedPartyasaresultoftheLossinrespectthereof,referredtoaboveinthisparagraph(c)shallbedeemedtoinclude,forpurposesofthisparagraph(c),anylegalorotherexpensesreasonablyincurredbysuchIndemnifiedPartyinconnectionwithinvestigatingordefendinganysuchactionorclaim.BBBandAAAagreethatitwouldnotbejustandequitableifcontributionpursuanttothisSection2.04weredeterminedbyprorataallocationorbyanyothermethodofallocationwhichdoesnottakeaccountoftheequitableconsiderationsreferredtointhisparagraph.NotwithstandinganyotherprovisionsofthisSection2.04,AAAshallnotberequiredtocontributeanyamountinexcessoftheamountbywhichthetotalpriceatwhichthesecuritiesofBBBwereofferedbyAAAtothepublicexceedstheamountofanydamageswhichAAAhasotherwisebeenrequiredtopaybyreasonofsuchuntrueorallegeduntruestatementoromissionorallegedomission.Nopartyguiltyoffraudulentmisrepresentation(withinthemeaningofSection11(f)oftheSecuritiesAct)shallbeentitledtocontributionfromanypartywhowasnotguiltyofsuchfraudulentmisrepresentation.(d)IndemnificationandcontributionsimilartothatspecifiedintheprecedingparagraphsofthisSection2.04(withappropriatemodifications)shallbegivenbyBBBandAAAwithrespecttoanyrequiredregistrationorotherqualificationofsecuritiesunderanystatelaworregulationorgovernmentalauthority.(e)TheobligationsofthepartiesunderthisSection2.04shallbeinadditiontoanyliabilitywhichanypartymayotherwisehavetotheotherparty.Section2.05.CalculationofIndemnificationPayments.(a)TheamountwhichanyIndemnifyingPartyisrequiredtopaytoanyIndemnifiedPartypursuanttothisAgreementshallbereduced(including,butnotlimitedto,retroactively)byanyrecovery,judgment,settlementorotheramountsactuallyrecovered,includinginsuranceproceeds,bysuchIndemnifiedPartywithrespecttosuchLosses.IfanIndemnifiedPartyshallhavereceivedpaymentwithrespecttoLossesandshallsubsequentlyactuallyreceivearecovery,judgment,settlementorotheramountwithrespecttosuchLosses,thensuchIndemnifiedPartyshallpromptly,butinnoeventlaterthan15businessdaysaftersuchrecovery,judgment,settlementorotheramountactuallyreceived,paytosuchIndemnifyingPartyasumequaltothelesserof(i)theamountofsuchrecovery,judgment,settlementorotheramountactuallyreceivedor(ii)theamountofpaymentsactuallyreceivedpreviouslyinrespectofsuchLoss.(b)AllamountswhichanyIndemnifyingPartyisrequiredtopaytoanyIndemnifiedPartypursuanttothisAgreementshallbecalculatedonanafter-taxbasis,takingintoaccountthenetpresentvalueofanytaxcostand/ortaxbenefittotheIndemnifiedPartyinconnectionwithsuchindemnificationpaymentandtheapplicableLoss.Section2.06.IndemnificationProcedures.TheindemnificationproceduressetforthinSection8.01(b)oftheIPOandSplit-OffAgreementareincorporatedhereinandmadeaparthereofforallpurposesasiffullysetforthhereinandshallgoverntheparties’rightsandobligationswithrespectthereto.Section2.07.RemediesCumulative.TheremediesprovidedinthisAgreementshallbecumulativeandshallnotprecludeassertionbyanyIndemnifiedPartyofanyotherrightsortheseekingofanyandallotherremediesagainstanyIndemnifyingParty.ARTICLEIIIRELEASESection3.01.GeneralRelease.(a)BBBforitselfandonbehalfofitsSubsidiariesherebyreleases,remisesandforeverdischargeseachofAAAanditsSubsidiariesorAffiliatesandanyoftheirRepresentativesfromanylosses,obligationorresponsibilityforanyandallpastactionsorfailurestotakeaction,includinganyactionswhichmaybedeemedtohavebeennegligentorgrosslynegligent,relatingto,resultingfromorarisingoutoftheoperationorconductofanyassets,businessesandoperationsmanagedoroperatedby,oroperationallyrelatedorancillaryto,directlyorindirectly,theBBBBusinessandtheAAABusiness,exceptforanyLosses,obligationorresponsibilityforanywillfulorintentionalmisconductintheoperationorconductoftheBBBBusinessortheAAABusinesspriortothedatehereof.(b)AAAforitselfandonbehalfofitsSubsidiariesherebyreleases,remisesandforeverdischargeseachofBBBanditsSubsidiariesorAffiliatesandanyoftheirRepresentativesfromanylosses,obligationorresponsibilityforanyandallpastactionsorfailurestotakeaction,includinganyactionswhichmaybedeemedtohavebeennegligentorgrosslynegligent,relatingorancillaryto,resultingfromorarisingoutoftheoperationorconductofanyassets,businessesandoperationsmanagedoroperatedby,oroperationallyrelatedto,directlyorindirectly,theBBBBusinessandtheAAABusiness,exceptforanyLosses,obligationorresponsibilityforanywillfulorintentionalmisconductintheoperationorconductoftheBBBBusinessortheAAABusinesspriortothedatehereof.(c)Nothingsetforthinsubsections(a)and(b)shalllimitorotherwiseaffectanyparty’srightsorobligationspursuantto,orcontemplatedbytheIntercompanyAgreements.ARTICLEIVMISCELLANEOUSSection4.01.FurtherAgreements.(a)BBBagrees,andBBBwillcauseitsSubsidiaries,todoallthingsnecessaryto(i)maintainandconductitsbusinessandoperations,inacommerciallyreasonablemanner,includingwithoutlimitation(x)paying,onatimelybasis,principalandinterestinrespecttoitsdebtandrentinrespecttoleasesand(y)complyingwithitsobligationsunderanycreditagreement,indenture,lease,guaranteeorotheragreementordocument,and(ii)minimizeanyobligationAAAoranyofitsSubsidiaries(otherthanBBBanditsSubsidiaries)mayhaveunderanystandby,letterofcredit,guaranteeorotherwise.(b)AAAagrees,andAAAwillcauseitsSubsidiaries,todoallthingsnecessaryto(i)maintainandconductitsbusinessandoperations,inacommerciallyreasonablemanner,includingwithoutlimitation(x)paying,onatimelybasis,principalandinterestinrespecttoitsdebtand(y)complyingwithitsobligationsunderanycreditagreement,indenture,lease,guaranteeorotheragreementordocument,and(ii)minimizeanyobligationBBBoranyofitsSubsidiariesmayhaveunderanystandby,letterofcredit,guaranteeorotherwise.Section4.02.Amendments.ThisAgreementshallnotbesupplemented,amendedormodifiedinanymannerwhatsoever(includingwithoutlimitationbycourseofdealingorofperformanceorusageoftrade)exceptinwritingsignedbytheparties.Section4.03.SuccessorsandAssignment.ThisAgreementshallbebindinguponandinuretothebenefitofthepartiesandtheirrespectivesuccessorsandpermittedassigns.ExceptassetforthinSection4.04hereof,thisAgreementmaynotbeassignedbyeitherpartywithouttheexpresswrittenconsentoftheotherparty(whichconsentshallnotbeunreasonablywithheld).Section4.04.Consolidation,MergerandSaleofAssets.Untilseven(7)yearsafterthedatehereof,intheeventthatBBBconsolidates,merges,sellsassetsorengagesinanyothersimilartransactionandBBBisrequired,pursuanttoananti-consolidation,mergerand/orsaleofassetscovenantorothersimilarcovenantcontainedinthethenexistingcreditagreementofBBB,asitmaybeamended,restated,supplemented,refinanced,extendedorotherwisemodifiedfromtimetotime,toobtaintheconsentofthebankswhoarepartiestheretoand,inobtainingsuchconsent,suchbanksreceiveaguarantee,securityinterestorprotectivecovenant,BBBshallgivethesameguarantee,securityinterestorprotectivecovenantparipassu(ifapplicable)toAAA;providedthatif(x)thereisnoanti-consolidation,mergerand/orsaleofassetscovenantorothersimilarcovenantcontainedinsuchcreditagreementatsuchtimeor(y)thereisnosuchcreditagreementexistingatsuchtime,theanti-consolidation,mergerand/orsaleofassetscovenantorothersimilarcovenantcontainedinthelatestcreditagreementthatcontainedsuchcovenantswillbeincorporatedbyreferencehereinand,ifconsentisrequiredundersuchcovenant,BBBmustobtainAAA’swrittenconsentpriortoanyconsolidation,merger,saleof