Common use of Conditions Precedent to Loans and Letters of Credit Clause in Contracts

Conditions Precedent to Loans and Letters of Credit. 66 Section 3.1. Conditions to Effectiveness 66 Section 3.2. Conditions to Each Credit Event 69 Section 3.3. Post-Closing Requirements 69 ARTICLE IV REPRESENTATIONS AND WARRANTIES 70 Section 4.1. Existence; Power 70 Section 4.2. Organizational Power; Authorization 70 Section 4.3. Governmental Approvals; No Conflicts 70 Section 4.4. Financial Statements 70 Section 4.5. Litigation and Environmental Matters 71 Section 4.6. Compliance with Laws and Agreements 71 Section 4.7. Investment Company Act 71 Section 4.8. Taxes 71 i TABLE OF CONTENTS (cont’d) Section 4.9. Margin Regulations 72 Section 4.10. Pension 72 Section 4.11. Ownership of Property; Insurance 73 Section 4.12. Disclosure 74 Section 4.13. Labor Relations 74 Section 4.14. Subsidiaries 74 Section 4.15. Solvency 74 Section 4.16. Deposit and Disbursement Accounts 74 Section 4.17. Collateral Documents 75 Section 4.18. Centre of Main Interests and Establishments 76 Section 4.19. Material Agreements 76 Section 4.20. Sanctions and Anti-Corruption Laws 76 Section 4.21. Patriot Act 76 Section 4.22. Material Music Copyrights 76 Section 4.23. Music Agreements 78 Section 4.24. No Infringement; Title 79 Section 4.25. Performance of Music Agreements 80 Section 4.26. Material Music Copyrights 80 Section 4.27. Storage Facilities 80 ARTICLE V AFFIRMATIVE COVENANTS 80 Section 5.1. Financial Statements and Other Information 80 Section 5.2. Notices of Material Events 82 Section 5.3. Existence; Conduct of Business 84 Section 5.4. Compliance with Laws 84 Section 5.5. Payment of Obligations 84 Section 5.6. Books and Records 84 Section 5.7. Visitation and Inspection 84 Section 5.8. Maintenance of Properties; Insurance 85 Section 5.9. Use of Proceeds; Margin Regulations 85 Section 5.10. Casualty and Condemnation 85 Section 5.11. Cash Management 85 Section 5.12. Additional Subsidiaries and Collateral 86 Section 5.13. Intentionally Omitted 88 Section 5.14. Further Assurances 88 Section 5.15. Intentionally Omitted 88 Section 5.16. Storage Facilities; No Removal 88 Section 5.17. People with Significant Control Regime 89 Section 5.18. UK Pension 89 ARTICLE VI FINANCIAL COVENANTS 89 Section 6.1. Leverage Ratio 89 Section 6.2. Fixed Charge Coverage Ratio 89 Section 6.3. Consolidated Senior Debt to Library Value 89 ARTICLE VII NEGATIVE COVENANTS 90 Section 7.1. Indebtedness and Preferred Equity 90 Section 7.2. Liens 92 Section 7.3. Fundamental Changes 93 Section 7.4. Investments, Loans 94 TABLE OF CONTENTS (cont’d) Section 7.5. Restricted Payments 96 Section 7.6. Sale of Assets. 97 Section 7.7. Transactions with Affiliates 98 Section 7.8. Restrictive Agreements 99 Section 7.9. Sale and Leaseback Transactions 99 Section 7.10. Hedging Transactions 99 Section 7.11. Amendment to Material Documents 100 Section 7.12. Intentionally Omitted 100 Section 7.13. Accounting Changes 100 Section 7.14. Government Regulation 100 Section 7.15. Sanctions and Anti-Corruption Laws. 100

Conditions Precedent to Loans and Letters of Credit. 66 Section 3.1. Conditions to Effectiveness 66 Section 3.2. Conditions to Each Credit Event 69 Section 3.3. Post-Closing Requirements 69 Conditions 38 Section 3.4. Delivery of Documents ARTICLE IV REPRESENTATIONS AND WARRANTIES 70 38 Section 4.1. Existence; Power 70 Section 4.2. Organizational Power; Authorization 70 Section 4.3. Governmental Approvals; No Conflicts 70 39 Section 4.4. Financial Statements 70 39 Section 4.5. Litigation and Environmental Matters 71 Matters. 39 Section 4.6. Compliance with Laws and Agreements 71 Section 4.7. Investment Company Act 71 40 Section 4.8. Taxes 71 i TABLE OF CONTENTS (cont’d) 40 Section 4.9. Margin Regulations 72 40 Section 4.10. Pension 72 ERISA 41 Section 4.11. Ownership of Property; Insurance 73 Insurance. 41 Section 4.12. Disclosure 74 42 Section 4.13. Labor Relations 74 42 Section 4.14. Subsidiaries 74 42 Section 4.15. Solvency 74 42 Section 4.16. Deposit and Disbursement Accounts 74 43 Section 4.17. Collateral Documents 75 Documents. 43 Section 4.18. Centre of Main Interests and Establishments 76 Restriction on Liens 43 Section 4.19. Material Agreements 76 Section 4.20. Sanctions and Anti-Corruption Laws 76 OFAC; Foreign Corrupt Practices Act i Section 4.21. Patriot Act 76 Section 4.22. Material Music Copyrights 76 Gas Imbalances; Prepayments 44 Section 4.23. Music Agreements 78 Marketing of Production 44 Section 4.24. No Infringement; Title 79 Hedging Transactions and Qualified ECP Guarantor 44 Section 4.25. Performance of Music Agreements 80 Section 4.26. Material Music Copyrights 80 Section 4.27. Storage Facilities 80 Stanford 44 ARTICLE V AFFIRMATIVE COVENANTS 80 44 Section 5.1. Financial Statements and Other Information 80 44 Section 5.2. Notices of Material Events 82 45 Section 5.3. Existence; Conduct of Business 84 Section 5.4. Compliance with Laws 84 Section 5.5. Payment of Obligations 84 Section 5.6. Books and Records 84 47 Section 5.7. Visitation and Inspection 84 Section 5.8. Maintenance of Properties; Insurance 85 47 Section 5.9. Use of Proceeds; Margin Regulations 85 Section 5.10. Casualty and Condemnation 85 47 Section 5.11. Cash Management 85 Section 5.12. Additional Subsidiaries and Collateral 86 Collateral. Section 5.13. Intentionally Omitted 88 Reserve Reports. 49 Section 5.14. Further Assurances 88 Title Information. 49 Section 5.15. Intentionally Omitted 88 Additional Mortgaged Property 50 Section 5.16. Storage Facilities; No Removal 88 Further Assurances 50 Section 5.17. People with Significant Control Regime 89 Environmental Matters. 50 Section 5.18. UK Pension 89 Commodity Exchange Act Keepwell Provisions 51 ARTICLE VI FINANCIAL COVENANTS 89 51 Section 6.1. Leverage Ratio 89 51 Section 6.2. Fixed Charge Coverage Current Ratio 89 Section 6.3. Consolidated Senior Debt to Library Value 89 ARTICLE VII NEGATIVE COVENANTS 90 51 Section 7.1. Indebtedness and Preferred Equity 90 51 Section 7.2. Liens 92 52 Section 7.3. Fundamental Changes 93 Changes. 52 Section 7.4. Investments, Loans 94 TABLE OF CONTENTS (cont’d) Section 7.5. Restricted Payments 96 Section 7.6. Sale of Assets. 97 Properties; Termination of Hedging Transactions Section 7.7. Transactions with Affiliates 98 54 Section 7.8. Restrictive Agreements 99 Section 7.9. Sale and Leaseback Transactions 99 54 Section 7.10. Hedging Transactions 99 Transactions. Section 7.11. Amendment to Material Documents 100 Section 7.12. Intentionally Omitted 100 Sale or Discount of Receivables 55 Section 7.13. Accounting Changes 100 55 Section 7.14. Government Regulation 100 Lease Obligations 55 Section 7.15. Sanctions and AntiGovernment Regulation Section 7.16. Gas Imbalances, Take-Corruption Lawsor-Pay or Other Prepayments Section 7.17. 100Marketing Activities Section 7.18. Non-Qualified ECP Guarantors 56 Section 7.19. Environmental Matters 56 Section 7.20. Stanford 56 ARTICLE VIII EVENTS OF DEFAULT 56 Section 8.1. Events of Default Section 8.2. Application of Proceeds from Collateral 58 ARTICLE IX THE ADMINISTRATIVE AGENT 59 Section 9.1. Appointment of the Administrative Agent. Section 9.2. Nature of Duties of the Administrative Agent Section 9.3. Lack of Reliance on the Administrative Agent Section 9.4. Certain Rights of the Administrative Agent 60 Section 9.5. Reliance by the Administrative Agent 60 Section 9.6. The Administrative Agent in its Individual Capacity 61 Section 9.7. Successor Administrative Agent. 61 Section 9.8. Withholding Tax

Conditions Precedent to Loans and Letters of Credit. 66 53 Section 3.1. Conditions to To Effectiveness 66 53 Section 3.2. Conditions to Each Credit Event 69 55 Section 3.3. Post-Closing Requirements 69 Delivery of Documents 57 TABLE OF CONTENTS (continued) Page ARTICLE IV REPRESENTATIONS AND WARRANTIES 70 57 Section 4.1. Existence; Power 70 57 Section 4.2. Organizational Power; Authorization 70 57 Section 4.3. Governmental Approvals; No Conflicts 70 57 Section 4.4. Financial Statements 70 57 Section 4.5. Litigation and Environmental Matters 71 58 Section 4.6. Compliance with Laws and Agreements 71 Agreements; Note Purchase Agreement Representations 58 Section 4.7. Investment Company Act 71 Act, Etc. 58 Section 4.8. Taxes 71 i TABLE OF CONTENTS (cont’d) 58 Section 4.9. Margin Regulations 72 59 Section 4.10. Pension 72 ERISA 59 Section 4.11. Ownership of Property; Insurance 73 Property 60 Section 4.12. Disclosure 74 60 Section 4.13. Labor Relations 74 60 Section 4.14. Subsidiaries 74 61 Section 4.15. Solvency 74 Personal Holding Company; Subchapter S 61 Section 4.16. Deposit and Disbursement Accounts 74 Solvency 61 Section 4.17. Collateral Documents 75 Foreign Assets Control Regulations, Etc. 61 Section 4.18. Centre of Main Interests and Establishments 76 OFAC 61 Section 4.19. Material Agreements 76 Capital 62 Section 4.20. Sanctions and Anti-Corruption Laws 76 Health Care Permits 62 Section 4.21. Patriot Act 76 Health Care Laws 62 Section 4.22. Material Music Copyrights 76 Section 4.23. Music Agreements 78 Section 4.24. No Infringement; Title 79 Section 4.25. Performance of Music Agreements 80 Section 4.26. Material Music Copyrights 80 Section 4.27. Storage Facilities 80 HIPAA 63 ARTICLE V AFFIRMATIVE COVENANTS 80 64 Section 5.1. Financial Statements and Other Information 80 64 Section 5.2. Notices of Material Events 82 66 Section 5.3. Existence; Conduct of Business 84 67 Section 5.4. Compliance with Laws 84 Laws, Etc. 67 Section 5.5. Payment of Obligations 84 67 Section 5.6. Books and Records 84 67 Section 5.7. Visitation and Inspection 84 Visitation, Inspection, Etc. 67 Section 5.8. Maintenance of Properties; Insurance 85 68 Section 5.9. Use of Proceeds; Margin Regulations 85 Proceeds 68 Section 5.10. Casualty and Condemnation 85 Additional Subsidiaries 68 Section 5.11. Cash Management 85 Security Documents 69 Section 5.12. Additional Subsidiaries and Collateral 86 Health Care 70 Section 5.13. Intentionally Omitted 88 Further Assurances 70 Section 5.14. Further Assurances 88 Covenant to Secure Obligations Equally 70 Section 5.15. Intentionally Omitted 88 Section 5.16. Storage Facilities; No Removal 88 Section 5.17. People with Significant Control Regime 89 Section 5.18. UK Pension 89 Guaranteed Obligations 70 TABLE OF CONTENTS (continued) Page ARTICLE VI FINANCIAL COVENANTS 89 71 Section 6.1. Leverage Ratio 89 71 Section 6.2. Fixed Charge Interest Coverage Ratio 89 71 Section 6.3. Consolidated Senior Debt to Library Value 89 Net Worth 71 ARTICLE VII NEGATIVE COVENANTS 90 71 Section 7.1. Indebtedness and Preferred Equity 90 71 Section 7.2. Liens 92 Negative Pledge 72 Section 7.3. Fundamental Changes 93 73 Section 7.4. Investments, Loans 94 TABLE OF CONTENTS (cont’d) Loans, Etc. 73 Section 7.5. Restricted Payments 96 74 Section 7.6. Sale of Assets. 97 Assets 75 Section 7.7. Transactions with Affiliates 98 75 Section 7.8. Restrictive Agreements 99 75 Section 7.9. Sale and Leaseback Transactions 99 76 Section 7.10. Hedging Transactions 99 Agreements 76 Section 7.11. Amendment to Material Documents 100 76 Section 7.12. Intentionally Omitted 100 Accounting Changes 77 Section 7.13. Accounting Changes 100 Acquisitions 77 Section 7.14. Government Regulation 100 Subsidiaries 77 Section 7.15. Sanctions ERISA Violation 78 Section 7.16. Government Regulation 78 Section 7.17. Permitted Subordinated Indebtedness 78 Section 7.18. Most Favored Lender Status 78 ARTICLE VIII EVENTS OF DEFAULT 79 Section 8.1. Events of Default 79 Section 8.2. Application of Proceeds from Collateral 82 Section 8.3. Other Remedies 83 ARTICLE IX THE ADMINISTRATIVE AGENT 84 Section 9.1. Appointment of Administrative Agent 84 Section 9.2. Nature of Duties of Administrative Agent 84 Section 9.3. Lack of Reliance on the Administrative Agent 85 Section 9.4. Certain Rights of the Administrative Agent 85 Section 9.5. Reliance by Administrative Agent 85 Section 9.6. The Administrative Agent in its Individual Capacity 86 Section 9.7. Successor Administrative Agent 86 Section 9.8. Authorization to Execute other Loan Documents; Collateral 86 Section 9.9. No Other Duties, Etc. 87 Section 9.10. Withholding Tax 88 Section 9.11. Administrative Agent May File Proofs of Claim 88 iii TABLE OF CONTENTS (continued) Page ARTICLE X MISCELLANEOUS 89 Section 10.1. Notices 89 Section 10.2. Waiver; Amendments 91 Section 10.3. Expenses; Indemnification 92 Section 10.4. Successors and Anti-Corruption LawsAssigns 94 Section 10.5. 100Governing Law; Jurisdiction; Consent to Service of Process 98 Section 10.6. WAIVER OF JURY TRIAL 98 Section 10.7. Right of Setoff 99 Section 10.8. Counterparts; Integration 99 Section 10.9. Survival 99 Section 10.10. Severability 100 Section 10.11. Confidentiality 100 Section 10.12. Interest Rate Limitation 100 Section 10.13. Waiver of Effect of Corporate Seal 101 Section 10.14. Patriot Act 101 Section 10.15. Independence of Covenants 101 Section 10.16. Replacement Intercreditor Agreement 101

Conditions Precedent to Loans and Letters of Credit. 66 53 Section 3.1. Conditions to Effectiveness 66 53 Section 3.2. Conditions to Each Credit Event 69 57 Section 3.3. Post-Closing Requirements 69 ARTICLE Delivery of Documents 57 Article IV REPRESENTATIONS AND WARRANTIES 70 57 Section 4.1. Existence; Power 70 57 Section 4.2. Organizational Power; Authorization 70 57 Section 4.3. Governmental Approvals; No Conflicts 70 58 Section 4.4. Financial Statements 70 58 Section 4.5. Litigation and Environmental Matters 71 58 Section 4.6. Compliance with Laws and Agreements 71 59 Section 4.7. Investment Company Act 71 59 Section 4.8. Taxes 71 i TABLE OF CONTENTS (cont’d) 59 Section 4.9. Margin Regulations 72 59 Section 4.10. Pension 72 ERISA 60 Section 4.11. Ownership of Property; Insurance 73 60 Section 4.12. Disclosure 74 61 Section 4.13. Labor Relations 74 61 Section 4.14. Subsidiaries 74 62 Section 4.15. Solvency 74 62 Section 4.16. Deposit and Disbursement Accounts 74 62 Section 4.17. Collateral Documents 75 62 Section 4.18. Centre of Main Interests and Establishments 76 Restriction on Liens 62 Section 4.19. Material Agreements 76 63 Section 4.20. Sanctions and Anti-Corruption Laws 76 63 Section 4.21. Patriot Act 76 63 Section 4.22. Material Music Copyrights 76 Gas Imbalances; Prepayments 63 Section 4.23. Music Agreements 78 Marketing of Production 63 Section 4.24. No Infringement; Title 79 Hedging Transactions and Qualified ECP Guarantor 63 Section 4.25. Performance of Music Agreements 80 Section 4.26. Material Music Copyrights 80 Section 4.27. Storage Facilities 80 ARTICLE Affected Financial Institutions 63 Article V AFFIRMATIVE COVENANTS 80 64 Section 5.1. Financial Statements and Other Information 80 64 Section 5.2. Notices of Material Events 82 65 Section 5.3. Existence; Conduct of Business 84 66 Section 5.4. Compliance with Laws 84 66 Section 5.5. Payment of Obligations 84 66 Section 5.6. Books and Records 84 66 Section 5.7. Visitation and Inspection 84 67 Section 5.8. Maintenance of Properties; Insurance 85 67 Section 5.9. Use of Proceeds; Margin Regulations 85 67 Section 5.10. Casualty and Condemnation 85 68 Section 5.11. Cash Management 85 68 Section 5.12. Additional Subsidiaries and Collateral 86 68 Section 5.13. Intentionally Omitted 88 Reserve Reports 69 Section 5.14. Further Assurances 88 Title Information 70 Section 5.15. Intentionally Omitted 88 Additional Mortgaged Property 70 Section 5.16. Storage Facilities; No Removal 88 Further Assurances 70 Section 5.17. People with Significant Control Regime 89 Environmental Matters 71 Section 5.18. UK Pension 89 ARTICLE Commodity Exchange Act Keepwell Provisions 71 Section 5.19. Minimum Hedging 72 Section 5.20. Additional Beneficial Ownership Certifications 72 Article VI FINANCIAL COVENANTS 89 72 Section 6.1. Leverage Ratio 89 72 Section 6.2. Fixed Charge Coverage Current Ratio 89 Section 6.3. Consolidated Senior Debt to Library Value 89 ARTICLE 72 Article VII NEGATIVE COVENANTS 90 73 Section 7.1. Indebtedness and Preferred Equity 90 73 Section 7.2. Liens 92 73 Section 7.3. Fundamental Changes 93 74 Section 7.4. Investments, Loans 94 TABLE OF CONTENTS (cont’d) 74 Section 7.5. Restricted Payments 96 75 Section 7.6. Sale of Assets. 97 Properties; Termination of Hedging Transactions 75 Section 7.7. Transactions with Affiliates 98 76 Section 7.8. Restrictive Agreements 99 76 Section 7.9. Sale and Leaseback Transactions 99 76 Section 7.10. Hedging Transactions 99 77 Section 7.11. Amendment to Material Documents 100 77 Section 7.12. Intentionally Omitted 100 Sale or Discount of Receivables 77 Section 7.13. Accounting Changes 100 77 Section 7.14. Government Regulation 100 Lease Obligations 77 Section 7.15. Sanctions and Anti-Corruption LawsLaws 78 Section 7.16. 100Gas Imbalances, Take-or-Pay or Other Prepayments 78 Section 7.17. Marketing Activities 78 Section 7.18. Non-Qualified ECP Guarantors 78 Section 7.19. Environmental Matters 78 Article VIII EVENTS OF DEFAULT 78 Section 8.1. Events of Default 78 Section 8.2. Application of Proceeds from Collateral 81 Article IX THE ADMINISTRATIVE AGENT 82 Section 9.1. Appointment of the Administrative Agent 82 Section 9.2. Nature of Duties of the Administrative Agent 82 Section 9.3. Lack of Reliance on the Administrative Agent and the Joint Lead Arrangers 83 Section 9.4. Certain Rights of the Administrative Agent 83 Section 9.5. Reliance by the Administrative Agent 83 Section 9.6. The Administrative Agent in its Individual Capacity 84 Section 9.7. Successor Administrative Agent 84 Section 9.8. Withholding Tax 85 Section 9.9. The Administrative Agent May File Proofs of Claim 85 Section 9.10. Authorization to Execute Other Loan Documents 85 Section 9.11. Collateral and Guaranty Matters 86 Section 9.12. Right to Realize on Collateral and Enforce Guarantee 86 Section 9.13. Secured Bank Product Obligations and Hedging Obligations 86 Section 9.14. Erroneous Payments 87 Article X MISCELLANEOUS 89 Section 10.1. Notices 89 Section 10.2. Waiver; Amendments 91 Section 10.3. Expenses; Indemnification 93 Section 10.4. Successors and Assigns 95 Section 10.5. Governing Law; Jurisdiction; Consent to Service of Process 98 Section 10.6. WAIVER OF JURY TRIAL 98 Section 10.7. Right of Set-off 99 Section 10.8. Counterparts; Integration 99 Section 10.9. Survival 99 Section 10.10. Severability 99 Section 10.11. Confidentiality 100 Section 10.12. Interest Rate Limitation 100 Section 10.13. Waiver of Effect of Corporate Seal 100 Section 10.14. Patriot Act 100 Section 10.15. No Advisory or Fiduciary Responsibility 101 Section 10.16. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 101 Section 10.17. Certain ERISA Matters 101 Section 10.18. Existing Credit Agreement 102 Section 10.19. Acknowledgement Regarding Any Supported QFCs 102 Section 10.20. Electronic Signature 103 Section 10.21. Location of Closing 103 Schedules Schedule I - Applicable Margin and Applicable Percentage Schedule II - Maximum Loan Amounts Schedule 4.5 - Environmental Matters Schedule 4.14 - Subsidiaries Schedule 4.16 - Deposit and Disbursement Accounts Schedule 4.19 - Material Agreements Schedule 4.22 - Gas Imbalances; Prepayments Schedule 4.23 - Marketing of Production Schedule 4.24 - Hedging Transactions Schedule 7.1 - Existing Indebtedness Schedule 7.2 - Existing Liens Schedule 7.4 - Existing Investments Exhibits Exhibit A - Form of Assignment and Acceptance Exhibit 2.3 - Form of Notice of Borrowing Exhibit 2.6 - Form of Notice of Conversion/Continuation Exhibit 2.19 - Tax Certificates Exhibit 5.1(c) - Form of Compliance Certificate SECOND AMENDED AND RESTATED CREDIT AGREEMENT THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is made and entered into as of August 31, 2022, by and among RING ENERGY, INC., a Nevada corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), and TRUIST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”) and as issuing bank (the “Issuing Bank”).

Conditions Precedent to Loans and Letters of Credit. 66 74 Section 3.1. 3.1 Conditions to Effectiveness 66 74 Section 3.2. 3.2 Conditions to Each Credit Event 69 77 Section 3.3. Post-Closing Requirements 69 ARTICLE 3.3 Delivery of Documents 78 Section 3.4 Effect of Amendment and Restatement 78 Article IV REPRESENTATIONS AND WARRANTIES 70 78 Section 4.1. 4.1 Existence; Power 70 79 Section 4.2. 4.2 Organizational Power; Authorization 70 79 Section 4.3. 4.3 Governmental Approvals; No Conflicts 70 79 Section 4.4. 4.4 Financial Statements 70 79 Section 4.5. 4.5 Litigation and Environmental Matters 71 Matters. 79 Section 4.6. 4.6 Compliance with Laws and Agreements 71 80 Section 4.7. 4.7 Investment Company Act 71 80 Section 4.8. 4.8 Taxes 71 i TABLE OF CONTENTS (cont’d) 80 Section 4.9. 4.9 Margin Regulations 72 80 Section 4.10. Pension 72 4.10 ERISA 80 Section 4.11. 4.11 Ownership of Property; Insurance 73 Insurance. 81 Section 4.124.12 Disclosure. Disclosure 74 82 Section 4.13. 4.13 Labor Relations 74 82 Section 4.14. 4.14 Subsidiaries 74 82 Section 4.15. 4.15 Solvency 74 83 Section 4.16. 4.16 Deposit and Disbursement Accounts 74 83 Section 4.174.17 Collateral Documents. Collateral 83 Section 4.18 Associated Practice Documents; APC 2019 Transaction Documents 75 84 Section 4.18. Centre of Main Interests and Establishments 76 Section 4.19. 4.19 Material Agreements 76 Section 4.20. Sanctions and Anti-Corruption Laws 76 Section 4.21. Patriot Act 76 Section 4.22. Material Music Copyrights 76 Section 4.23. Music Agreements 78 Section 4.24. No Infringement; Title 79 Section 4.25. Performance of Music Agreements 80 Section 4.26. Material Music Copyrights 80 Section 4.27. Storage Facilities 80 ARTICLE V AFFIRMATIVE COVENANTS 80 Section 5.1. Financial Statements and Other Information 80 Section 5.2. Notices of Material Events 82 Section 5.3. Existence; Conduct of Business 84 Section 5.4. Compliance with Laws 84 Section 5.5. Payment of Obligations 84 Section 5.6. Books and Records 84 Section 5.7. Visitation and Inspection 84 Section 5.8. Maintenance of Properties; Insurance 85 Section 5.9. Use of Proceeds; Margin Regulations 85 Section 5.10. Casualty and Condemnation 85 Section 5.11. Cash Management 85 Section 5.12. Additional Subsidiaries and Collateral 86 Section 5.13. Intentionally Omitted 88 Section 5.14. Further Assurances 88 Section 5.15. Intentionally Omitted 88 Section 5.16. Storage Facilities; No Removal 88 Section 5.17. People with Significant Control Regime 89 Section 5.18. UK Pension 89 ARTICLE VI FINANCIAL COVENANTS 89 Section 6.1. Leverage Ratio 89 Section 6.2. Fixed Charge Coverage Ratio 89 Section 6.3. Consolidated Senior Debt to Library Value 89 ARTICLE VII NEGATIVE COVENANTS 90 Section 7.1. Indebtedness and Preferred Equity 90 Section 7.2. Liens 92 Section 7.3. Fundamental Changes 93 Section 7.4. Investments, Loans 94 TABLE OF CONTENTS (cont’d) Section 7.5. Restricted Payments 96 Section 7.6. Sale of Assets. 97 Section 7.7. Transactions with Affiliates 98 Section 7.8. Restrictive Agreements 99 Section 7.9. Sale and Leaseback Transactions 99 Section 7.10. Hedging Transactions 99 Section 7.11. Amendment to Material Documents 100 Section 7.12. Intentionally Omitted 100 Section 7.13. Accounting Changes 100 Section 7.14. Government Regulation 100 Section 7.15. 4.20 Sanctions and Anti-Corruption Laws. 10084 Section 4.21 Affected Financial Institutions 84 Section 4.22 Healthcare Matters 84 Section 4.23 Use of Proceeds 84