Common use of GENERAL WARRANTIES AND REPRESENTATIONS Clause in Contracts

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 7.2 Validity and Priority of Security Interest 100 7.3 Organization and Qualification 101 7.4 Subsidiaries; Stock 101 7.5 Financial Statements 102 7.6 Solvency 102 7.7 Property 102 7.8 Intellectual Property 102 7.9 Litigation 102 7.10 Labor Disputes 102 7.11 Environmental Laws 103 7.12 No Violation of Law 103 7.13 No Default 103 7.14 ERISA Compliance 103 7.15 Taxes 104 7.16 Investment Company Act 104 7.17 Use of Proceeds 104 7.18 Margin Regulations 104 7.19 No Material Adverse Change 104 7.20 Full Disclosure 104 7.21 Government Authorization 105 7.22 Anti-Terrorism Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 Designation of Senior Debt 106 7.26 Insurance 106 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 8.2 Legal Existence and Good Standing 106 8.3 Compliance with Law; Maintenance of Licenses 107 8.4 Maintenance of Property, Inspection 107 8.5 Insurance 108 8.6 Environmental Laws 108 8.7 Compliance with ERISA 109 8.8 Dispositions 109 8.9 Mergers, Consolidations, etc 109 8.10 Distributions 110 8.11 Investments 113 8.12 Debt 113 8.13 Prepayments of Debt 117 8.14 Transactions with Affiliates 118 8.15 Business Conducted 120 8.16 Liens 120 8.17 Restrictive Agreements 120 8.18 Restrictions on FTS Acquisition Transactions 122 8.19 Fiscal Year; Accounting 123 8.20 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Use of Proceeds 126 8.25 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 ARTICLE IX

Appears in 2 contracts

Samples: Term Loan Credit Agreement (ProFrac Holding Corp.), Term Loan Credit Agreement (ProFrac Holding Corp.)

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GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, ValidityXxxxxxxx, and Enforceability of this Agreement and the Loan Documents 100 82 7.2 Validity and Priority of Security Interest 100 82 7.3 Organization and Qualification 101 83 7.4 Subsidiaries; Stock 101 83 7.5 Financial Statements 102 83 7.6 Solvency 102 83 7.7 Property 102 84 7.8 Intellectual Property 102 84 7.9 Litigation 102 84 7.10 Labor Disputes 102 84 7.11 Environmental Laws 103 84 7.12 No Violation of Law 103 85 7.13 No Default 103 85 7.14 ERISA Compliance 103 85 7.15 Taxes 104 85 7.16 Investment Company Act 104 86 7.17 Use of Proceeds 104 86 7.18 Margin Regulations 104 86 7.19 No Material Adverse Change 104 86 7.20 Full Disclosure 104 86 7.21 Government Authorization 105 86 7.22 Anti-Terrorism Laws 105 87 7.23 FCPA 105 87 7.24 Sanctioned Persons 105 Sanctions 87 7.25 Designation of Senior Debt 106 87 7.26 Insurance 106 87 Page ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 87 8.2 Legal Existence and Good Standing 106 88 8.3 Compliance with Law; Maintenance of Licenses 107 88 8.4 Maintenance of Property, Inspection 107 88 8.5 Insurance 108 89 8.6 Environmental Laws 108 90 8.7 Compliance with ERISA 109 90 8.8 Dispositions 109 90 8.9 Mergers, Consolidations, etc 109 etc. 90 8.10 Distributions 110 91 8.11 Investments 113 94 8.12 Debt 113 94 8.13 Prepayments of Debt 117 96 8.14 Transactions with Affiliates 118 97 8.15 Business Conducted 120 99 8.16 Liens 120 99 8.17 Restrictive Agreements 120 99 8.18 Restrictions on FTS Acquisition Transactions 122 Subsidiaries 100 8.19 Fiscal Year; Accounting 123 100 8.20 Financial Covenants 123 101 8.21 Information Regarding Collateral 124 101 8.22 Ratings 124 [Reserved] 101 8.23 Additional Obligors; Covenant to Give Security 124 101 8.24 Use of Proceeds 126 103 8.25 Further Assurances 126 103 8.26 Designation of Subsidiaries 126 Monarch Subsidiary 103 8.27 Passive Holding Company; Etc 128 Etc. 104 8.28 Amendments to Certain Documents 130 105 8.29 Certain Post-Closing Obligations 130 106 8.30 General & Administrative Expenses 106 8.31 Performance of Material Agreements 106 8.32 Amendment of Material Agreements, Etc. 106 8.33 Partnerships 107 8.34 Separateness; Independent Director 107 8.35 Sanctions 108 ARTICLE IXIX CONDITIONS OF LENDING

Appears in 1 contract

Samples: Term Loan Credit Agreement (ProFrac Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 109 7.2 Validity and Priority of Security Interest 100 109 7.3 Organization and Qualification 101 110 7.4 Subsidiaries; Stock 101 110 7.5 Financial Statements 102 and Borrowing Base 110 7.6 Solvency 102 111 7.7 Property 102 111 7.8 Intellectual Property 102 111 7.9 Litigation 102 111 7.10 Labor Disputes 102 111 7.11 Environmental Laws 103 111 7.12 No Violation of Law 103 112 7.13 No Default 103 112 7.14 ERISA Compliance 103 112 7.15 Taxes 104 112 7.16 Investment Company Act 104 112 7.17 Use of Proceeds 104 113 7.18 Margin Regulations 104 113 7.19 No Material Adverse Change 104 113 7.20 Full Disclosure 104 113 7.21 Government Authorization 105 113 7.22 Anti-Terrorism Laws 105 113 7.23 FCPA 105 113 7.24 Sanctioned Persons 105 114 7.25 Designation of Senior Debt 106 114 7.26 Insurance 106 114 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 114 8.2 Legal Existence and Good Standing 106 114 8.3 Compliance with Law; Maintenance of Licenses 107 114 8.4 Maintenance of Property, Inspection 107 Inspection; Field Examinations 115 8.5 Insurance 108 116 8.6 Environmental Laws 108 116 8.7 Compliance with ERISA 109 116 8.8 Dispositions 109 116 8.9 Mergers, Consolidations, etc 109 117 8.10 Distributions 110 118 8.11 Investments 113 121 8.12 Debt 113 121 8.13 Prepayments of Debt 117 125 8.14 Transactions with Affiliates 118 126 8.15 Business Conducted 120 128 8.16 Liens 120 128 8.17 Restrictive Agreements 120 128 8.18 Restrictions on FTS Acquisition Sale Leaseback Transactions 122 130 8.19 Fiscal Year; Year Accounting 123 130 8.20 Financial Covenants 123 Fixed Charge Coverage Ratio 131 8.21 Information Regarding Collateral 124 Minimum Liquidity 131 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 131 8.23 Cash Management; Cash Dominion 132 8.24 Use of Proceeds 126 134 8.25 Further Assurances 126 134 8.26 Designation of Subsidiaries 126 134 8.27 Passive Holding Company; Etc 128 135 8.28 Amendments to Certain Documents 130 136 8.29 Certain Post-Closing Obligations 130 137 ARTICLE IX

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 83 7.2 Validity and Priority of Security Interest 100 84 7.3 Organization and Qualification 101 84 7.4 SubsidiariesCorporate Name; Stock 101 Prior Transactions 84 7.5 Subsidiaries 84 7.6 Financial Statements 102 7.6 and Borrowing Base Certificate 84 7.7 Capitalization 84 7.8 Solvency 102 7.7 Property 102 7.8 Intellectual Property 102 85 7.9 Debt and Lien 85 7.10 Real Estate; Leases 85 7.11 Proprietary Rights 85 7.12 Litigation 102 7.10 85 7.13 Labor Disputes 102 7.11 85 7.14 Environmental Laws 103 7.12 85 7.15 No Violation of Law 103 7.13 86 7.16 No Default 103 7.14 86 7.17 ERISA Compliance 103 7.15 86 7.18 Taxes 104 7.16 Investment Company Act 104 7.17 87 7.19 Regulated Entities 87 7.20 Use of Proceeds 104 7.18 Proceeds; Margin Regulations 104 7.19 87 7.21 No Material Adverse Change 104 7.20 87 7.22 Full Disclosure 104 7.21 87 7.23 Government Authorization 105 7.22 87 7.24 Rental Equipment 87 7.25 [Intentionally Omitted] 87 7.26 Anti-Terrorism Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 88 7.27 [Intentionally Omitted] 88 7.28 Insurance 88 7.29 Designation of Senior Debt 106 7.26 Insurance 106 88 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 and Other Obligations 88 8.2 Legal Existence and Good Standing 106 88 8.3 Compliance with LawLaw and Agreements; Maintenance of Licenses 107 8.4 Maintenance of Property, Inspection 107 8.5 Insurance 108 8.6 Environmental Laws 108 8.7 Compliance with ERISA 109 8.8 Dispositions 109 8.9 Mergers, Consolidations, etc 109 8.10 Distributions 110 8.11 Investments 113 8.12 Debt 113 8.13 Prepayments of Debt 117 8.14 Transactions with Affiliates 118 8.15 Business Conducted 120 8.16 Liens 120 8.17 Restrictive Agreements 120 8.18 Restrictions on FTS Acquisition Transactions 122 8.19 Fiscal Year; Accounting 123 8.20 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Use of Proceeds 126 8.25 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 ARTICLE IX88 Page

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc /De)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 SECTION 6.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 7.2 10 SECTION 6.2 Validity and Priority of Security Interest 100 7.3 11 SECTION 6.3 Organization and Qualification 101 7.4 Subsidiaries11 SECTION 6.4 Corporate Name; Stock 101 7.5 Prior Transactions 11 SECTION 6.5 Subsidiaries and Affiliates 11 SECTION 6.6 Financial Statements 102 7.6 and Projections 11 SECTION 6.7 Solvency 102 7.7 Property 102 7.8 Intellectual Property 102 7.9 11 SECTION 6.8 Litigation 102 7.10 Labor Disputes 102 7.11 Environmental Laws 103 7.12 11 SECTION 6.9 No Violation of Law 103 7.13 11 SECTION 6.10 No Default 103 7.14 ERISA Compliance 103 7.15 11 SECTION 6.11 Taxes 104 7.16 Investment Company Act 104 7.17 11 SECTION 6.12 Regulated Entities 11 SECTION 6.13 Use of Proceeds 104 7.18 Proceeds; Margin Regulations 104 7.19 12 SECTION 6.14 No Material Adverse Change 104 7.20 12 SECTION 6.15 Full Disclosure 104 7.21 Government 12 SECTION 6.16 Governmental Authorization 105 7.22 12 SECTION 6.17 OFAC 12 SECTION 6.18 Anti-Terrorism Corruption Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 Designation of Senior Debt 106 7.26 Insurance 106 12 ARTICLE VIII VII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 SECTION 7.1 Taxes 106 8.2 and Other Obligations 12 SECTION 7.2 Legal Existence and Good Standing 106 8.3 13 SECTION 7.3 Compliance with LawLaw and Agreements; Maintenance of Licenses 107 8.4 Maintenance of Property, Inspection 107 8.5 Licenses; Amendments to Charter Documents 13 SECTION 7.4 Insurance 108 8.6 Environmental Laws 108 8.7 Compliance with ERISA 109 8.8 Dispositions 109 8.9 13 SECTION 7.5 Mergers, ; Consolidations, etc 109 8.10 ; or Sales 13 SECTION 7.6 Distributions 110 8.11 Investments 113 8.12 13 SECTION 7.7 Transactions Affecting Collateral or Obligations 13 SECTION 7.8 Debt 113 8.13 Prepayments 13 SECTION 7.9 Payment / Prepayment of Debt 117 8.14 14 SECTION 7.10 Transactions with Affiliates 118 8.15 14 SECTION 7.11 Business Conducted 120 8.16 15 SECTION 7.12 Liens 120 8.17 Restrictive Agreements 120 8.18 Restrictions on FTS Acquisition Transactions 122 8.19 15 SECTION 7.13 Fiscal Year; Accounting 123 8.20 Year 15 SECTION 7.14 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 15 SECTION 7.15 Use of Proceeds 126 8.25 15 SECTION 7.16 Collateral 15 SECTION 7.17 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 15 SECTION 7.18 Burdensome Agreements 16 ARTICLE IXVIII

Appears in 1 contract

Samples: Credit Agreement (Westlake Chemical Corp)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 6.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 7.2 17 6.2 Validity and Priority of Security Interest 100 7.3 18 6.3 Organization and Qualification 101 7.4 Subsidiaries18 6.4 Corporate Name; Stock 101 7.5 Prior Transactions 18 6.5 Subsidiaries and Affiliates 18 6.6 Financial Statements 102 7.6 and Projections 18 6.7 Capitalization 19 6.8 Solvency 102 7.7 Property 102 7.8 Intellectual Property 102 7.9 19 6.9 Debt 19 6.10 Distributions 19 6.11 Real Estate; Leases 19 6.12 Proprietary Rights 19 6.13 Trade Names 20 6.14 Litigation 102 7.10 20 6.15 Labor Disputes 102 7.11 20 6.16 Environmental Laws 103 7.12 20 6.17 No Violation of Law 103 7.13 21 6.18 No Default 103 7.14 21 6.19 ERISA Compliance 103 7.15 21 6.20 Taxes 104 7.16 Investment Company Act 104 7.17 22 6.21 Regulated Entities 22 6.22 Use of Proceeds 104 7.18 Proceeds; Margin Regulations 104 7.19 22 6.23 Copyrights, Patents, Trademarks and Licenses, etc. 22 6.24 No Material Adverse Change 104 7.20 23 6.25 Full Disclosure 104 7.21 Government 23 6.26 Material Agreements 23 6.27 Bank Accounts 23 6.28 Governmental Authorization 105 7.22 Anti-Terrorism Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 Designation of Senior Debt 106 7.26 Insurance 106 23 ARTICLE VIII 7 AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 7.1 Taxes 106 8.2 and Other Obligations 23 7.2 Legal Existence and Good Standing 106 8.3 24 7.3 Compliance with LawLaw and Agreements; Maintenance of Licenses 107 8.4 24 7.4 Maintenance of Property, ; Inspection 107 8.5 of Property 24 7.5 Insurance 108 8.6 24 7.6 Insurance and Condemnation Proceeds 25 7.7 Environmental Laws 108 8.7 26 7.8 Compliance with ERISA 109 8.8 Dispositions 109 8.9 27 7.9 Mergers, Consolidations, etc 109 8.10 Distributions 110 8.11 Consolidations or Sales 27 7.10 Distributions; Capital Change; Restricted Investments 113 8.12 27 7.11 Transactions Affecting Collateral or Obligations 27 7.12 Guaranties 27 7.13 Debt 113 8.13 Prepayments of Debt 117 8.14 28 7.14 Prepayment 28 7.15 Transactions with Affiliates 118 8.15 28 7.16 Investment Banking and Finder’s Fees 28 7.17 Business Conducted 120 8.16 29 7.18 Liens 120 8.17 Restrictive Agreements 120 8.18 Restrictions on FTS Acquisition 29 7.19 Sale and Leaseback Transactions 122 8.19 29 7.20 New Subsidiaries 29 7.21 Fiscal Year; Accounting 123 8.20 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Year 30 7.22 Intentionally Omitted. 30 7.23 Fixed Charge Coverage Ratio 30 7.24 Adjusted Tangible Net Worth 31 7.25 Intentionally Deleted 31 7.26 Hedge Agreement 31 7.27 Use of Proceeds 126 8.25 31 7.28 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 31 7.29 Registered Copyrights 32 ARTICLE IX8 CONDITIONS OF LENDING

Appears in 1 contract

Samples: Credit Agreement (New Athletics, Inc.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, ValidityXxxxxxxx, and Enforceability of this Agreement and the Loan Documents 100 88 7.2 Validity and Priority of Security Interest 100 88 7.3 Organization and Qualification 101 89 7.4 Subsidiaries; Stock 101 Subsidiaries 89 7.5 Financial Statements 102 and Borrowing Base 89 7.6 Solvency 102 89 7.7 Property 102 89 7.8 Intellectual Property 102 90 7.9 Litigation 102 90 7.10 Labor Disputes 102 90 7.11 Environmental Laws 103 90 7.12 No Violation of Law 103 90 7.13 No Default 103 90 7.14 ERISA Compliance 103 91 7.15 Taxes 104 91 7.16 Investment Company Act 104 91 7.17 Use of Proceeds 104 91 7.18 Margin Regulations 104 91 7.19 No Material Adverse Change 104 91 7.20 Full Disclosure 104 91 7.21 Government Authorization 105 92 7.22 Anti-Terrorism Laws 105 92 7.23 FCPA 105 CAP 92 7.24 Sanctioned Persons 105 92 7.25 Designation of Senior Debt 106 7.26 Insurance 106 92 Page ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 93 8.2 Legal Existence and Good Standing 106 93 8.3 Compliance with Law; Maintenance of Licenses 107 93 8.4 Maintenance of Property, Inspection 107 Inspection; Field Examinations 93 8.5 Insurance 108 94 8.6 Environmental Laws 108 95 8.7 Compliance with ERISA 109 95 8.8 Dispositions 109 95 8.9 Mergers, Consolidations, etc 109 etc. 95 8.10 Distributions 110 96 8.11 Investments 113 99 8.12 Debt 113 99 8.13 Prepayments of Debt 117 102 8.14 Transactions with Affiliates 118 102 8.15 Business Conducted 120 104 8.16 Liens 120 104 8.17 Restrictive Agreements 120 104 8.18 Restrictions on FTS Acquisition Sale and Leaseback Transactions 122 106 8.19 Fiscal Year; Accounting 123 Year 106 8.20 Financial Covenants 123 Fixed Charge Coverage Ratio 106 8.21 Information Regarding Collateral 124 Minimum Liquidity 106 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 106 8.23 Cash Management; Cash Dominion 107 8.24 Use of Proceeds 126 109 8.25 Further Assurances 126 109 8.26 Designation of Subsidiaries 126 109 8.27 Passive Holding Company; Etc 128 Etc. 109 8.28 Amendments to Certain Documents 130 111 8.29 Certain Post-Closing Obligations 130 111 ARTICLE IX

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 83 7.2 Validity and Priority of Security Interest 100 83 7.3 Organization and Qualification 101 84 7.4 Subsidiaries; Stock 101 Subsidiaries 84 7.5 Financial Statements 102 and Borrowing Base Certificate 84 7.6 Solvency 102 84 7.7 Property 102 84 7.8 Intellectual Property 102 85 7.9 Litigation 102 85 7.10 Labor Disputes 102 85 7.11 Environmental Laws 103 85 7.12 No Violation of Law 103 86 7.13 No Default 103 86 7.14 ERISA Compliance 103 86 7.15 Taxes 104 86 7.16 Investment Company Act 104 86 7.17 Use of Proceeds 104 86 7.18 Margin Regulations 104 86 7.19 No Material Adverse Change 104 86 Page 7.20 Full Disclosure 104 86 7.21 Government Authorization 105 87 7.22 Anti-Terrorism Laws 105 87 7.23 FCPA 105 87 7.24 Sanctioned Persons 105 87 7.25 Designation of Senior Debt 106 7.26 Insurance 106 88 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 88 8.2 Legal Existence and Good Standing 106 88 8.3 Compliance with Law; Maintenance of Licenses 107 88 8.4 Maintenance of Property, Inspection 107 Inspection; Field Examinations 88 8.5 Insurance 108 89 8.6 Environmental Laws 108 90 8.7 Compliance with ERISA 109 90 8.8 Dispositions 109 90 8.9 Mergers, Consolidations, etc 109 etc. 90 8.10 Distributions 110 92 8.11 Investments 113 94 8.12 Debt 113 94 8.13 Prepayments of Debt 117 97 8.14 Transactions with Affiliates 118 97 8.15 Business Conducted 120 99 8.16 Liens 120 99 8.17 Restrictive Agreements 120 99 8.18 Restrictions on FTS Acquisition Sale and Leaseback Transactions 122 100 8.19 Fiscal Year; Accounting 123 Year 100 Page 8.20 Financial Covenants 123 Fixed Charge Coverage Ratio 101 8.21 Information Regarding Collateral 124 [Reserved] 101 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 101 8.23 Cash Management; Cash Dominion 102 8.24 Use of Proceeds 126 103 8.25 Further Assurances 126 103 8.26 Designation of Subsidiaries 126 103 8.27 Passive Holding Company; Etc 128 Etc. 103 8.28 Amendments to Certain Documents 130 105 8.29 Certain Post-Closing Obligations 130 105 ARTICLE IXIX CONDITIONS OF LENDING 9.1 Conditions Precedent to Effectiveness of Agreement and Making of Loans on the Closing Date 105 9.2 Conditions Precedent to Each Loan 107 ARTICLE X DEFAULT; REMEDIES

Appears in 1 contract

Samples: Credit Agreement (ProPetro Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, ValidityXxxxxxxx, and Enforceability of this Agreement and the Loan Documents 100 78 7.2 Validity and Priority of Security Interest 100 78 7.3 Organization and Qualification 101 79 7.4 Subsidiaries; Stock 101 79 7.5 Financial Statements 102 79 7.6 Solvency 102 80 7.7 Property 102 80 7.8 Intellectual Property 102 80 7.9 Litigation 102 80 7.10 Labor Disputes 102 80 7.11 Environmental Laws 103 80 7.12 No Violation of Law 103 81 7.13 No Default 103 81 7.14 ERISA Compliance 103 81 7.15 Taxes 104 81 7.16 Investment Company Act 104 81 7.17 Use of Proceeds 104 81 7.18 Margin Regulations 104 81 7.19 No Material Adverse Change 104 81 7.20 Full Disclosure 104 82 7.21 Government Authorization 105 82 7.22 Anti-Terrorism Laws 105 82 7.23 FCPA 105 82 7.24 Sanctioned Persons 105 82 7.25 Designation of Senior Debt 106 83 7.26 Insurance 106 83 7.27 Fleets 83 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 83 8.2 Legal Existence and Good Standing 106 83 8.3 Compliance with Law; Maintenance of Licenses 107 83 8.4 Maintenance of Property, Inspection 107 83 8.5 Insurance 108 84 8.6 Environmental Laws 108 85 8.7 Compliance with ERISA 109 85 8.8 Dispositions 109 85 8.9 Mergers, Consolidations, etc 109 Etc. 85 8.10 Distributions 110 86 Page 8.11 Investments 113 88 8.12 Debt 113 88 8.13 Prepayments of Debt 117 91 8.14 Transactions with Affiliates 118 91 8.15 Business Conducted 120 92 8.16 Liens 120 93 8.17 Restrictive Agreements 120 93 8.18 Restrictions on FTS Acquisition Transactions 122 [Reserved] 94 8.19 Fiscal Year; Accounting 123 94 8.20 Financial Covenants 123 Covenant 94 8.21 Information Regarding Collateral 124 95 8.22 Ratings 124 95 8.23 Additional Obligors; Covenant to Give Security 124 95 8.24 Use of Proceeds 126 96 8.25 Further Assurances 126 96 8.26 Designation of Subsidiaries 126 97 8.27 Passive Holding Company; Etc 128 Etc. 97 8.28 Amendments to Certain Documents 130 98 8.29 Certain Post-Closing Obligations 130 99 8.30 Excluded Real Property Purchase Right 99 ARTICLE IX

Appears in 1 contract

Samples: Intercreditor Agreement (ProFrac Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 69 8.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 7.2 69 8.2 Validity and Priority of Security Interest 100 7.3 69 8.3 Organization and Qualification 101 7.4 Subsidiaries69 8.4 Corporate Name; Stock 101 7.5 Prior Transactions 70 8.5 Subsidiaries and Affiliates 70 8.6 Financial Statements 102 7.6 and Projections 70 8.7 Capitalization 71 8.8 Solvency 102 7.7 71 8.9 Debt 71 8.10 Restricted Payments 71 8.11 Title to Property 102 7.8 Intellectual Property 102 7.9 71 8.12 Real Estate; Leases 71 8.13 Proprietary Rights 71 8.14 Trade Names and Terms of Sale 72 8.15 Litigation 102 7.10 72 8.16 Restrictive Agreements 72 8.17 Labor Disputes 102 7.11 72 8.18 Environmental Laws 103 7.12 72 8.19 No Violation of Law 103 7.13 73 8.20 No Default 103 7.14 74 8.21 ERISA Compliance 103 7.15 74 8.22 Taxes 104 7.16 Investment Company Act 104 7.17 75 8.23 Regulated Entities 75 8.24 Use of Proceeds 104 7.18 Proceeds; Margin Regulations 104 7.19 75 8.25 Copyrights, Patents, Trademarks and Licenses, etc. 75 8.26 No Material Adverse Change 104 7.20 75 8.27 Full Disclosure 104 7.21 Government Authorization 105 7.22 Anti-Terrorism Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 Designation of Senior Debt 106 7.26 Insurance 106 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 8.2 Legal Existence and Good Standing 106 8.3 Compliance with Law; Maintenance of Licenses 107 8.4 Maintenance of Property, Inspection 107 8.5 Insurance 108 8.6 Environmental Laws 108 8.7 Compliance with ERISA 109 8.8 Dispositions 109 8.9 Mergers, Consolidations, etc 109 8.10 Distributions 110 8.11 Investments 113 8.12 Debt 113 8.13 Prepayments of Debt 117 8.14 Transactions with Affiliates 118 8.15 Business Conducted 120 8.16 75 8.28 Material Agreements 76 8.29 Bank Accounts 76 8.30 Eligible Revenue Equipment 76 8.31 Excluded Revenue Equipment 76 8.32 Former Parent Liens 120 8.17 Restrictive Agreements 120 8.18 Restrictions on FTS Acquisition Transactions 122 8.19 Fiscal Year; Accounting 123 8.20 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Use of Proceeds 126 8.25 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 ARTICLE IX76

Appears in 1 contract

Samples: Loan and Security Agreement (Consolidated Freightways Corp)

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GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 96 7.2 Validity and Priority of Security Interest 100 97 7.3 Organization and Qualification 101 97 7.4 SubsidiariesCorporate Name; Stock 101 Prior Transactions 97 7.5 Subsidiaries 97 7.6 Financial Statements 102 7.6 Statements; Borrowing Base Certificate and Projections 97 7.7 Capitalization 98 7.8 Solvency 102 7.7 Property 102 7.8 Intellectual Property 102 98 7.9 Debt and Lien 98 7.10 Real Estate; Leases 98 7.11 Proprietary Rights 99 7.12 Litigation 102 7.10 99 7.13 Labor Disputes 102 7.11 99 7.14 Environmental Laws 103 7.12 99 7.15 No Violation of Law 103 7.13 100 7.16 No Default 103 7.14 100 7.17 ERISA Compliance 103 7.15 100 7.18 Taxes 104 7.16 Investment Company Act 104 7.17 101 7.19 Regulated Entities 101 7.20 Use of Proceeds 104 7.18 Proceeds; Margin Regulations 104 7.19 101 7.21 No Material Adverse Change 104 7.20 102 7.22 Full Disclosure 104 7.21 102 7.23 Government Authorization 105 7.22 102 7.24 Rental Equipment 102 7.25 Leases 102 7.26 Anti-Terrorism Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 102 7.27 Confidential Information Memorandum 103 7.28 Insurance 103 7.29 Casualty, Etc 103 7.30 Designation of Senior Debt 106 7.26 Insurance 106 103 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 and Other Obligations 103 8.2 Legal Existence and Good Standing 106 104 8.3 Compliance with LawLaw and Agreements; Maintenance of Licenses 107 104 8.4 Maintenance of Property, Inspection 107 104 8.5 Insurance 108 105 8.6 Insurance and Condemnation Proceeds 106 8.7 Environmental Laws 108 8.7 106 8.8 Compliance with ERISA 109 8.8 Dispositions 109 106 8.9 Accounting Changes 107 8.10 Mergers, Consolidations, etc 109 8.10 Distributions 110 Consolidations or Sales 107 8.11 Distributions; Restricted Investments 113 108 8.12 Guarantees 108 8.13 Debt 113 8.13 108 8.14 Prepayments of Debt 117 8.14 110 8.15 Transactions with Affiliates 118 8.15 111 8.16 Investment Banking and Finder’s Fees 111 8.17 Business Conducted 120 8.16 111 8.18 Liens 120 8.17 111 8.19 Restrictive Agreements 120 8.18 Restrictions on FTS Acquisition 111 8.20 Sale and Leaseback Transactions 122 8.19 112 8.21 Fiscal YearYear 112 8.22 Fixed Charge Coverage Ratio 112 8.23 Senior Secured Leverage Ratio 113 8.24 Anti-Terrorism Laws 113 8.25 Additional Obligors 114 8.26 Compliance with Terms of Leaseholds 115 8.27 Bank and Securities Accounts; Accounting 123 8.20 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Cash Dominion 115 8.28 Use of Proceeds 126 8.25 116 8.29 Further Assurances 126 8.26 116 8.30 6 1/2% Senior Notes 116 8.31 Qualified Receivables Transactions 116 8.32 Designation of Subsidiaries 126 8.27 Passive Holding CompanyOther Senior Debt 117 8.33 Certain Documents; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Borrowers 117 8.34 Post-Closing Obligations 130 Covenant 117 ARTICLE IXIX CONDITIONS OF LENDING 9.1 Conditions Precedent to Making of Loans on the Closing Date 118 9.2 Conditions Precedent to Each Loan 121 ARTICLE X DEFAULT; REMEDIES

Appears in 1 contract

Samples: Assignment and Acceptance (United Rentals Inc /De)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, ValidityXxxxxxxx, and Enforceability of this Agreement and the Loan Documents 100 8888 7.2 Validity and Priority of Security Interest 100 89 7.3 Organization and Qualification 101 8989 7.4 Subsidiaries; Stock 101 Subsidiaries 8989 7.5 Financial Statements 102 and Borrowing Base 8989 7.6 Solvency 102 89 7.7 Property 102 90 7.8 Intellectual Property 102 90 7.9 Litigation 102 9090 7.10 Labor Disputes 102 9090 7.11 Environmental Laws 103 9090 7.12 No Violation of Law 103 91 7.13 No Default 103 91 7.14 ERISA Compliance 103 91 7.15 Taxes 104 9191 7.16 Investment Company Act 104 9191 7.17 Use of Proceeds 104 9191 7.18 Margin Regulations 104 9191 7.19 No Material Adverse Change 104 91 7.20 Full Disclosure 104 91 7.21 Government Authorization 105 9292 7.22 Anti-Terrorism Laws 105 9292 7.23 FCPA 105 CAP 9292 7.24 Sanctioned Persons 105 9292 7.25 Designation of Senior Debt 106 7.26 Insurance 106 92 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 93 8.2 Legal Existence and Good Standing 106 93 8.3 Compliance with Law; Maintenance of Licenses 107 9393 8.4 Maintenance of Property, Inspection 107 Inspection; Field Examinations 9393 8.5 Insurance 108 9494 8.6 Environmental Laws 108 95 8.7 Compliance with ERISA 109 9595 8.8 Dispositions 109 9595 8.9 Mergers, Consolidations, etc 109 etc. 9595 8.10 Distributions 110 9696 8.11 Investments 113 99 8.12 Debt 113 99 8.13 Prepayments of Debt 117 102102 8.14 Transactions with Affiliates 118 102102 8.15 Business Conducted 120 104104 8.16 Liens 120 104104 8.17 Restrictive Agreements 120 104104 8.18 Restrictions on FTS Acquisition Sale and Leaseback Transactions 122 106106 8.19 Fiscal Year; Accounting 123 Year 106106 8.20 Financial Covenants 123 Fixed Charge Coverage Ratio 106106 8.21 Information Regarding Collateral 124 Minimum Liquidity 106106 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 106106 8.23 Cash Management; Cash Dominion 108 8.24 Use of Proceeds 126 109109 8.25 Further Assurances 126 109109 8.26 Designation of Subsidiaries 126 110 8.27 Passive Holding Company; Etc 128 Etc. 110 8.28 Amendments to Certain Documents 130 111111 8.29 Certain Post-Closing Obligations 130 112 ARTICLE IX

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, ValidityXxxxxxxx, and Enforceability of this Agreement and the Loan Documents 100 159 7.2 Validity and Priority of Security Interest 100 159 7.3 Organization and Qualification 101 160 7.4 Subsidiaries; Stock 101 160 7.5 Financial Statements 102 and Borrowing Base 161 7.6 Solvency 102 161 7.7 Property 102 161 7.8 Intellectual Property 102 161 7.9 Litigation 102 162 7.10 Labor Disputes 102 162 7.11 Environmental Laws 103 162 7.12 No Violation of Law 103 163 7.13 No Default 103 163 7.14 ERISA Compliance 103 163 7.15 Taxes 104 163 7.16 Investment Company Act 104 163 7.17 Use of Proceeds 104 163 7.18 Margin Regulations 104 164 7.19 No Material Adverse Change 104 164 7.20 Full Disclosure 104 164 7.21 Government Authorization 105 164 7.22 Anti-Terrorism Laws 105 165 7.23 FCPA 105 165 7.24 Sanctioned Persons 105 165 7.25 Designation of Senior Debt 106 165 7.26 Insurance 106 165 ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 166 8.2 Legal Existence and Good Standing 106 166 8.3 Compliance with Law; Maintenance of Licenses 107 166 8.4 Maintenance of Property, Inspection 107 Inspection; Field Examinations 166 8.5 Insurance 108 168 8.6 Environmental Laws 108 169 8.7 Compliance with ERISA 109 169 8.8 Dispositions 109 169 8.9 Mergers, Consolidations, etc 109 169 8.10 Distributions 110 171 8.11 Investments 113 175 8.12 Debt 113 175 8.13 Prepayments of Debt 117 181 8.14 Transactions with Affiliates 118 182 8.15 Business Conducted 120 186 8.16 Liens 120 186 8.17 Restrictive Agreements 120 186 8.18 Restrictions on FTS Acquisition Sale Leaseback Transactions 122 188 8.19 Fiscal Year; Year Accounting 123 189 8.20 Financial Covenants 123 Fixed Charge Coverage Ratio 189 8.21 Information Regarding Collateral 124 Minimum Liquidity 189 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Use of Proceeds 126 8.25 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 ARTICLE IX189

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 66 8.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 7.2 66 8.2 Validity and Priority of Security Interest 100 7.3 67 8.3 Organization and Qualification 101 7.4 Subsidiaries68 8.4 Corporate Name; Stock 101 7.5 Prior Transactions 68 8.5 Subsidiaries and Affiliates 68 8.6 Financial Statements 102 7.6 and Projections 68 8.7 Capitalization 69 8.8 Solvency 102 7.7 69 8.9 Debt 69 8.10 Distributions 69 8.11 Title to Property 102 7.8 Intellectual Property 102 7.9 69 8.12 Real Estate; Leases 69 8.13 Proprietary Rights 69 8.14 Trade Names 70 8.15 Litigation 102 7.10 Labor Disputes 102 7.11 Environmental Laws 103 7.12 No Violation of Law 103 7.13 No Default 103 7.14 ERISA Compliance 103 7.15 Taxes 104 7.16 Investment Company Act 104 7.17 Use of Proceeds 104 7.18 Margin Regulations 104 7.19 No Material Adverse Change 104 7.20 Full Disclosure 104 7.21 Government Authorization 105 7.22 Anti-Terrorism Laws 105 7.23 FCPA 105 7.24 Sanctioned Persons 105 7.25 Designation of Senior Debt 106 7.26 Insurance 106 70 8.16 Restrictive Agreements 70 ARTICLE VIII 9 AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 74 9.1 Taxes 106 8.2 Legal and Other Obligations 74 9.2 Corporate Existence and Good Standing 106 8.3 75 9.3 Compliance with LawLaw and Agreements; Maintenance of Licenses 107 8.4 75 9.4 Maintenance of Property, Inspection 107 8.5 Property 75 9.5 Insurance 108 8.6 75 9.6 Intentionally Omitted 76 9.7 Environmental Laws 108 8.7 76 9.8 Compliance with ERISA 109 8.8 Dispositions 109 8.9 77 9.9 Mergers, Consolidations, etc 109 8.10 Distributions 110 8.11 Consolidations or Sales 77 9.10 Distributions; Capital Change; Restricted Investments 113 8.12 78 9.11 Transactions Affecting Collateral or Obligations 78 9.12 Guaranties 78 9.13 Debt 113 8.13 Prepayments of Debt 117 8.14 78 9.14 Prepayment 78 9.15 Transactions with Affiliates 118 8.15 78 9.16 Investment Banking and Finder's Fees 79 9.17 Reserved 79 9.18 Business Conducted 120 8.16 79 9.19 Liens 120 8.17 Restrictive Agreements 120 8.18 Restrictions 79 9.20 Sale and Leaseback Transactions 79 9.21 New Subsidiaries 79 9.22 Fiscal Year 79 9.23 Capital Expenditures 80 9.24 Operating Lease Obligations 80 9.25 EBITDA 80 -iii- ARTICLE 10 CONDITIONS OF LENDING 82 10.1 Conditions Precedent to Making of Loans on FTS Acquisition Transactions 122 8.19 Fiscal Yearthe Closing Date 82 10.2 Conditions Precedent to Each Loan 83 ARTICLE 11 DEFAULT; Accounting 123 8.20 Financial Covenants 123 8.21 Information Regarding Collateral 124 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 8.24 Use REMEDIES 84 11.1 Events of Proceeds 126 8.25 Further Assurances 126 8.26 Designation of Subsidiaries 126 8.27 Passive Holding Company; Etc 128 8.28 Amendments to Certain Documents 130 8.29 Certain Post-Closing Obligations 130 Default 84 11.2 Remedies 87 ARTICLE IX12 TERM AND TERMINATION 88 12.1 Term and Termination 88

Appears in 1 contract

Samples: Loan and Security Agreement (Envirosource Inc)

GENERAL WARRANTIES AND REPRESENTATIONS. 7.1 Authorization, Validity, and Enforceability of this Agreement and the Loan Documents 100 82 7.2 Validity and Priority of Security Interest 100 83 7.3 Organization and Qualification 101 83 7.4 Subsidiaries; Stock 101 Subsidiaries 83 7.5 Financial Statements 102 and Borrowing Base Certificate 83 7.6 Solvency 102 84 7.7 Property 102 84 7.8 Intellectual Property 102 84 7.9 Litigation 102 84 7.10 Labor Disputes 102 84 7.11 Environmental Laws 103 84 7.12 No Violation of Law 103 85 7.13 No Default 103 85 7.14 ERISA Compliance 103 85 7.15 Taxes 104 85 7.16 Investment Company Act 104 85 7.17 Use of Proceeds 104 85 7.18 Margin Regulations 104 85 7.19 No Material Adverse Change 104 86 7.20 Full Disclosure 104 86 7.21 Government Authorization 105 86 7.22 Anti-Terrorism Laws 105 86 7.23 FCPA 105 86 7.24 Sanctioned Persons 105 86 7.25 Designation of Senior Debt 106 7.26 Insurance 106 87 Page ARTICLE VIII AFFIRMATIVE AND NEGATIVE COVENANTS 8.1 Taxes 106 87 8.2 Legal Existence and Good Standing 106 87 8.3 Compliance with Law; Maintenance of Licenses 107 87 8.4 Maintenance of Property, Inspection 107 Inspection; Field Examinations 87 8.5 Insurance 108 88 8.6 Environmental Laws 108 89 8.7 Compliance with ERISA 109 89 8.8 Dispositions 109 89 8.9 Mergers, Consolidations, etc 109 etc. 89 8.10 Distributions 110 91 8.11 Investments 113 93 8.12 Debt 113 93 8.13 Prepayments of Debt 117 96 8.14 Transactions with Affiliates 118 96 8.15 Business Conducted 120 98 8.16 Liens 120 98 8.17 Restrictive Agreements 120 98 8.18 Restrictions on FTS Acquisition Sale and Leaseback Transactions 122 99 8.19 Fiscal Year; Accounting 123 Year 99 8.20 Financial Covenants 123 Fixed Charge Coverage Ratio 100 8.21 Information Regarding Collateral 124 [Reserved] 100 8.22 Ratings 124 8.23 Additional Obligors; Covenant to Give Security 124 100 8.23 Cash Management; Cash Dominion 101 8.24 Use of Proceeds 126 102 8.25 Further Assurances 126 102 8.26 Designation of Subsidiaries 126 102 8.27 Passive Holding Company; Etc 128 Etc. 102 8.28 Amendments to Certain Documents 130 104 8.29 Certain Post-Closing Obligations 130 104 ARTICLE IX

Appears in 1 contract

Samples: Credit Agreement (ProPetro Holding Corp.)

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