Conditions of Closing and Borrowing Sample Clauses

Conditions of Closing and Borrowing. 39 SECTION 6.1 Closing.................................................... 39 SECTION 6.2 Conditions to Closing and Initial Revolving Credit Loans and Letters of Credit...................................... 39 SECTION 6.3 Conditions to All Extensions of Credit..................... 42
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Conditions of Closing and Borrowing. 19 SECTION 4.1 Conditions to Closing and Initial Revolving Credit Loan 19 SECTION 4.2 Conditions to All Revolving Credit Loans 22 ARTICLE V. REPRESENTATIONS AND WARRANTIES OF THE BORROWER 22 SECTION 5.1 Organization; Power; Qualification 22 SECTION 5.2 Ownership 22 SECTION 5.3 Authorization Enforceability 23 SECTION 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. 23 SECTION 5.5 Compliance with Law; Governmental Approvals 23 SECTION 5.6 Tax Returns and Payments 24 SECTION 5.7 Intellectual Property Matters 24 SECTION 5.8 Environmental Matters 24 SECTION 5.9 Employee Benefit Matters 25 SECTION 5.10 Margin Stock 26 SECTION 5.11 Government Regulation 26 SECTION 5.12 Material Contracts 26 SECTION 5.13 Employee Relations 26 SECTION 5.14 Burdensome Provisions 26 SECTION 5.15 Financial Statements 27 SECTION 5.16 No Material Adverse Change 27 SECTION 5.17 Solvency 27 SECTION 5.18 Titles to Properties 27 SECTION 5.19 Insurance 27 SECTION 5.20 Liens 27 SECTION 5.21 Indebtedness and Guaranty Obligations 27 SECTION 5.22 Litigation 27 SECTION 5.23 Absence of Defaults 28 SECTION 5.24 OFAC 28 SECTION 5.25 Investment Bankers’ and Similar Fees 28 SECTION 5.26 Disclosure 28 SECTION 5.27 Regulatory Issues 28 ARTICLE VI. FINANCIAL INFORMATION AND NOTICES 28 SECTION 6.1 Financial Statements 28 SECTION 6.2 Officer’s Compliance Certificate 29 SECTION 6.3 Regulatory Reports 29 SECTION 6.4 Other Reports 30 SECTION 6.5 Notice of Litigation and Other Matters 30 ARTICLE VII. AFFIRMATIVE COVENANTS 31 SECTION 7.1 Preservation of Corporate Existence and Related Matters 31 SECTION 7.2 Maintenance of Property and Licenses 32 SECTION 7.3 Insurance 32 SECTION 7.4 Accounting Methods and Financial Records 32 SECTION 7.5 Payment of Taxes and Other Obligations 32 SECTION 7.6 Compliance With Laws and Approvals 32 SECTION 7.7 Environmental Laws 32 SECTION 7.8 Compliance with ERISA 33 SECTION 7.9 Compliance with Agreements 33 SECTION 7.10 Visits and Inspections; Lender Meetings 33 SECTION 7.11 Lender Meetings 33 SECTION 7.12 Further Assurances 33 ARTICLE VIII. FINANCIAL COVENANTS 34 SECTION 8.1 Well Capitalized 34 SECTION 8.2 Minimum Return on Assets 34 SECTION 8.3 Loan Loss Reserve to Non 34 SECTION 8.4 Non-Performing Assets 34 ARTICLE IX. NEGATIVE COVENANTS 34 SECTION 9.1 Limitations on Indebtedness 34 SECTION 9.2 Limitations on Liens 35 SECTION 9.3 Limitations on Fundamental Changes 36 SECTION 9.4 Limitations on Restricted Payments 36 SECTION 9.5 Transactions with Affili...
Conditions of Closing and Borrowing. Section 5.1
Conditions of Closing and Borrowing. 60 Section 6.1. Conditions to Closing and Initial Extensions of Credit 60 Section 6.2. Conditions to All Extensions of Credit 65 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 66 Section 7.1. Organization; Power; Qualification 66 Section 7.2. Ownership 66 Section 7.3. Authorization Enforceability 66 Section 7.4. Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. 67 Section 7.5. Compliance with Law; Governmental Approvals 67 Section 7.6. Tax Returns and Payments 67 Section 7.7. Intellectual Property Matters 68 Section 7.8. Environmental Matters 68 Section 7.9. Employee Benefit Matters 69 Section 7.10. Margin Stock 70 Section 7.11. Government Regulation 70 Section 7.12. Material Contracts 71 Section 7.13. Employee Relations 71 Section 7.14. Burdensome Provisions 71 Section 7.15. Financial Statements 71 Section 7.16. No Material Adverse Change 71 Section 7.17. Solvency 72 Section 7.18. Titles to Properties 72 Section 7.19. Litigation 72 Section 7.20. OFAC 72 Section 7.21. Absence of Defaults 72 Section 7.22. Senior Indebtedness Status 72 Section 7.23. Investment Bankers’ and Similar Fees 73 Section 7.24. Disclosure 73 ARTICLE VIII AFFIRMATIVE COVENANTS 73 Section 8.1. Financial Statements and Budgets 73 Section 8.2. Certificates; Other Reports 75 Section 8.3. Notice of Litigation and Other Matters 77 Section 8.4. Preservation of Corporate Existence and Related Matters 78 Section 8.5. Maintenance of Property and Licenses 78 Section 8.6. Insurance 78 Section 8.7. Accounting Methods and Financial Records 79 Section 8.8. Payment of Taxes and Other Obligations 79 Section 8.9. Compliance with Laws and Approvals 79 Section 8.10. Environmental Laws 79 Section 8.11. Compliance with ERISA 79 Section 8.12. Compliance with Agreements 80 Section 8.13. Visits and Inspections 80 Section 8.14. Additional Subsidiaries 80 Section 8.15. Use of Proceeds 81 Section 8.16. Corporate Governance 82 Section 8.17. Further Assurances 82 Section 8.18. Post Closing Matters 82 ARTICLE IX NEGATIVE COVENANTS 82 Section 9.1. Indebtedness 82 Section 9.2. Liens 84 Section 9.3. Investments 86 Section 9.4. Fundamental Changes 88 Section 9.5. Asset Dispositions 89 Section 9.6. Restricted Payments 89 Section 9.7. Transactions with Affiliates 91 Section 9.8. Accounting Changes; Organizational Documents 92 Section 9.9. Payments and Modifications of Subordinated Indebtedness 92 Section 9.10. No Further Negative Pledges; Restrictive Agreements 92 Section 9.11. Natur...
Conditions of Closing and Borrowing. 22 SECTION 4.1. Closing............................................. 22 SECTION 4.2. Conditions to Closing and Initial Loan.............. 22
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