Common use of Existence and Power; Name; Chief Executive Office Clause in Contracts

Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and Organizational Identification Number 26 Section 5.2 Capitalization 27 Section 5.3 Authorization of Borrowing; No Conflict as to Law or Agreements 27 Section 5.4 Legal Agreements 27 Section 5.5 Subsidiaries 28 Section 5.6 Financial Condition; No Adverse Change 28 Section 5.7 Litigation 28 Section 5.8 Regulation U 28 Section 5.9 Taxes 28 Section 5.10 Titles and Liens 28 Section 5.11 Intellectual Property Rights 28 Section 5.12 Plans 29 Section 5.13 Default 30 Section 5.14 Environmental Matters 30 Section 5.15 Submissions to Lender 31 Section 5.16 Financing Statements 31 Section 5.17 Rights to Payment 31 Section 5.18 Financial Solvency 31 ARTICLE VI COVENANTS 32 Section 6.1 Reporting Requirements 32 Section 6.2 Financial Covenants 35 Section 6.3 Permitted Liens; Financing Statements 35 Section 6.4 Indebtedness 36 Section 6.5 Guaranties 36 Section 6.6 Investments and Subsidiaries 36 Section 6.7 Dividends and Distributions 37 Section 6.8 Salaries 37 Section 6.9 Reserved 37 Section 6.10 Books and Records; Collateral Examination, Inspection and Appraisals 37 Section 6.11 Account Verification 38 Section 6.12 Compliance with Laws 38 Section 6.13 Payment of Taxes and Other Claims 39 Section 6.14 Maintenance of Properties 39 Section 6.15 Insurance 39 Section 6.16 Preservation of Existence 39 Section 6.17 Delivery of Instruments, etc. 39 Section 6.18 Sale or Transfer of Assets; Suspension of Business Operations 39 Section 6.19 Consolidation and Merger; Asset Acquisitions 40 Section 6.20 Sale and Leaseback 40 Section 6.21 Restrictions on Nature of Business 40 Section 6.22 Accounting 40 Page Section 6.23 Discounts, etc. 40 Section 6.24 Plans 40 Section 6.25 Place of Business; Name 41 Section 6.26 Constituent Documents; S Corporation Status 41 Section 6.27 Performance by the Lender 41 Section 6.28 Bank Accounts 41 ARTICLE VII EVENTS OF DEFAULT, RIGHTS AND REMEDIES 42 Section 7.1 Events of Default 42 Section 7.2 Rights and Remedies 44 Section 7.3 Certain Notices 45 ARTICLE VIII MISCELLANEOUS 45

Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and Organizational Identification Number 26 36 Section 5.2 Capitalization 27 36 Section 5.3 Authorization of Borrowing; No Conflict as to Law or Agreements 27 37 Section 5.4 Legal Agreements 27 37 Section 5.5 Subsidiaries 28 37 Section 5.6 Financial Condition; No Adverse Change 28 37 Section 5.7 Litigation 28 37 Section 5.8 Regulation U 28 37 Section 5.9 Taxes 28 38 Section 5.10 Titles and Liens 28 38 Section 5.11 Intellectual Property Rights 28 38 Section 5.12 Plans 29 39 Section 5.13 Default 30 39 Section 5.14 Environmental Matters 30 40 Section 5.15 Submissions to the Lender 31 40 Section 5.16 Financing Statements 31 41 Section 5.17 Rights to Payment 31 41 Section 5.18 Financial Solvency 31 41 Section 5.19 Mortgages 41 Section 5.20 Borrower Property 41 Section 5.21 Secured Subordinated Debt 41 ARTICLE VI COVENANTS 32 42 Section 6.1 Reporting Requirements 32 42 Section 6.2 Financial Covenants 35 45 Section 6.3 Permitted Liens; Financing Statements 35 45 Section 6.4 Indebtedness 36 46 Section 6.5 Guaranties 36 46 Section 6.6 Investments and Subsidiaries 36 47 Section 6.7 Dividends and Distributions 37 47 Section 6.8 Salaries 37 48 Section 6.9 Reserved 37 Key Person Life Insurance 48 Section 6.10 Books and Records; Collateral Examination, Inspection and Appraisals 37 48 Section 6.11 Account Verification 38 48 Section 6.12 Compliance with Laws 38 49 Section 6.13 Payment of Taxes and Other Claims 39 49 Section 6.14 Maintenance of Properties 39 49 Section 6.15 Insurance 39 50 Section 6.16 Preservation of Existence 39 50 Section 6.17 Delivery of Instruments, etc. 39 50 Section 6.18 Sale or Transfer of Assets; Suspension of Business Operations 39 50 Section 6.19 Consolidation and Merger; Asset Acquisitions 40 51 Section 6.20 Sale and Leaseback 40 51 Section 6.21 Restrictions on Nature of Business 40 51 Section 6.22 Accounting 40 Page 51 Section 6.23 Discounts, etc. 40 51 Section 6.24 Plans 40 51 Section 6.25 Place of Business; Name 41 51 Section 6.26 Constituent Documents; S Corporation Status 41 51 Section 6.27 Performance by the Lender 41 Section 6.28 Bank Accounts 41 ARTICLE VII EVENTS OF DEFAULT, RIGHTS AND REMEDIES 42 Section 7.1 Events of Default 42 Section 7.2 Rights and Remedies 44 Section 7.3 Certain Notices 45 ARTICLE VIII MISCELLANEOUS 4552

Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and Organizational Identification Number 26 28 Section 5.2 Capitalization 27 28 Section 5.3 Authorization of Borrowing; No Conflict as to Law or Agreements 27 28 Section 5.4 Legal Agreements 27 29 Section 5.5 Subsidiaries 28 29 Section 5.6 Financial Condition; No Adverse Change 28 29 Section 5.7 Litigation 28 29 Section 5.8 Regulation U 28 29 Section 5.9 Taxes 28 29 Section 5.10 Titles and Liens 28 30 Section 5.11 Intellectual Property Rights 28 30 Section 5.12 Plans 29 31 Section 5.13 Default 30 31 Section 5.14 Environmental Matters 30 31 Section 5.15 Submissions to Lender 31 32 Section 5.16 Financing Statements 31 32 Section 5.17 Rights to Payment 31 32 Section 5.18 Financial Solvency 31 33 ARTICLE VI COVENANTS 32 33 Section 6.1 Reporting Requirements 32 33 Section 6.2 Financial Covenants 35 36 Section 6.3 Permitted Liens; Financing Statements 35 37 Section 6.4 Indebtedness 36 37 Section 6.5 Guaranties 36 38 Section 6.6 Investments and Subsidiaries 36 38 Section 6.7 Dividends and Distributions 37 38 Section 6.8 Salaries 37 38 Section 6.9 Reserved 37 Key Person Life Insurance 38 Section 6.10 Books and Records; Collateral Examination, ; Inspection and Appraisals 37 39 Section 6.11 Account Verification 38 39 Section 6.12 Compliance with Laws 38 39 Section 6.13 Payment of Taxes and Other Claims 39 49 Section 6.14 Maintenance of Properties 39 40 Section 6.15 Insurance 39 40 Section 6.16 Preservation of Existence 39 41 Section 6.17 Delivery of Instruments, etc. 39 41 Section 6.18 Sale or Transfer of Assets; Suspension of Business Operations 39 41 Section 6.19 Consolidation and Merger; Asset Acquisitions 40 41 Section 6.20 Sale and Leaseback 40 41 Section 6.21 Restrictions on Nature of Business 40 41 Section 6.22 Accounting 40 Page 42 Section 6.23 Discounts, etc. 40 42 Section 6.24 Plans 40 42 Section 6.25 Place of Business; Name 41 42 Section 6.26 Constituent Documents; S Corporation Status 41 42 Section 6.27 Performance by the Lender 41 Section 6.28 Bank Accounts 41 42 ARTICLE VII EVENTS OF DEFAULT, RIGHTS AND REMEDIES 42 43 Section 7.1 Events of Default 42 43 Section 7.2 Rights and Remedies 44 45 Section 7.3 Certain Notices 45 46 ARTICLE VIII MISCELLANEOUS 4546

Existence and Power; Name; Chief Executive Office. Inventory and Equipment Locations; Federal Employer Identification Number and Organizational Identification Number 26 39 Section 5.2 Capitalization 27 39 Section 5.3 Authorization of BorrowingBorrowing under the Loan Documents and Senior Subordinated Loan Documents and consummation of the HWC Transactions; No Conflict as to Law or Agreements 27 39 Section 5.4 Legal Agreements 27 40 Section 5.5 Subsidiaries 28 40 Section 5.6 Financial Condition; No Adverse Change 28 40 Section 5.7 Litigation 28 40 Section 5.8 Regulation U 28 40 Section 5.9 Taxes 28 41 Section 5.10 Titles and Liens 28 41 Section 5.11 Intellectual Property Rights 28 Rights. 41 Section 5.12 Plans 29 42 Section 5.13 Default 30 42 Section 5.14 Environmental Matters 30 Matters. 42 Section 5.15 Submissions to Lender 31 43 Section 5.16 Financing Statements 31 43 Section 5.17 Rights to Payment 31 43 Section 5.18 Deposit Accounts, Tort Claims and Investment Property 44 Section 5.19 No Labor Disputes 44 Section 5.20 Compliance with Laws 44 Section 5.21 Brokers 44 Section 5.22 Insurance 44 Section 5.23 Existing Indebtedness and Guaranties 44 Section 5.24 Affiliate Agreements 44 Section 5.25 Investment Company Act 45 Section 5.26 Public Utility Holding Company Act 45 Section 5.27 Interests in Real Property 45 Section 5.28 Senior Subordinated Loan Documents and the HWC Transaction Documents 45 Section 5.29 Snubbing Units 45 Section 5.30 Financial Solvency 31 46 Section 5.31 Personal Property Evidenced by a Certificate of Title 46 ARTICLE VI COVENANTS 32 46 Section 6.1 Reporting Requirements 32 47 Section 6.2 Financial Covenants 35 Covenants. 50 Section 6.3 Permitted Liens; Financing Statements 35 Statements. 51 Section 6.4 Indebtedness 36 52 Section 6.5 Guaranties 36 52 Section 6.6 Investments and Subsidiaries 36 52 Section 6.7 Dividends Dividends; Distributions and Distributions 37 Equity 53 Section 6.8 Salaries 37 53 Section 6.9 Reserved 37 Section 6.10 Books and Records; Collateral Examination, Inspection and Appraisals 37 53 Section 6.10 Account Verification 54 Section 6.11 Account Verification 38 Compliance with Laws. 54 Section 6.12 Compliance with Laws 38 Section 6.13 Payment of Taxes and Other Claims 39 55 Section 6.13 Maintenance of Properties. 55 Section 6.14 Maintenance of Properties 39 Insurance 55 Section 6.15 Insurance 39 Section 6.16 Preservation of Existence 39 56 Section 6.17 6.16 Delivery of Instruments, etc. 39 ; New Deposit Accounts 56 Section 6.18 6.17 Sale or Transfer of Assets; Suspension of Business Operations 39 56 Section 6.19 6.18 Consolidation and Merger; Asset Acquisitions 40 57 Section 6.20 6.19 Sale and Leaseback 40 57 Section 6.21 6.20 Restrictions on Nature of Business 40 57 Section 6.21 Accounting 58 Section 6.22 Accounting 40 Page Discounts 58 Section 6.23 Discounts, etc. 40 Plans 58 Section 6.24 Plans 40 Section 6.25 Place of Business; Name 41 58 Section 6.25 Constituent Documents 58 Section 6.26 Constituent Senior Subordinated Loan Documents; S Corporation Status 41 , Securities Repurchase Agreement and HWC Transaction Documents 58 Section 6.27 Transactions with Affiliates 59 Section 6.28 Snubbing Units 59 Section 6.29 Performance by the Lender 41 Section 6.28 Bank Accounts 41 59 ARTICLE VII EVENTS OF DEFAULT, RIGHTS AND REMEDIES 42 60 Section 7.1 Events of Default 42 60 Section 7.2 Rights and Remedies 44 62 Section 7.3 Certain Notices 45 63 ARTICLE VIII MISCELLANEOUS 4563