North Country keeps all records concerning the Receivables and the originals of all Related Contracts at its chief executive office located at the address set forth on ATTACHMENT 2.
North Country shall (i) maintain and keep in force insurance of the types and in amounts customarily carried from time to time during the term of this Security Agreement in its lines of business, including fire, public liability, property damage and worker's compensation, such insurance to be carried with companies and in amounts satisfactory to Purchaser, (ii) deliver to Purchaser from time to time, as Purchaser may request, schedules setting forth all insurance then in effect, and (iii) deliver to Purchaser copies of each policy of insurance which replaces, or evidences the renewal of, each existing policy of insurance at least fifteen (15) days prior to the expiration of such policy. Purchaser shall be named as additional insured or additional loss payee, as appropriate, on all liability and property insurance of North Country and such policies shall contain such additional endorsements as shall reasonably be required by Purchaser. Prior to the occurrence and the continuance of an Event of Default, all proceeds of any property insurance paid as a result of any event or occurrence shall be paid to North Country. All proceeds of any property insurance paid after the occurrence and during the continuance of an Event of Default shall be paid to Purchaser to be held as Collateral and applied as provided in the Credit Agreement or, at the election of Purchaser, returned to North Country.
North Country. Ale(1) 2. White Face(2) 3. Whiteface(3) 4. White Face Pale Ale 5. Saratoga Classic Pilsner Beer 6. Fat Bear(4) 7. Fat Bear Xxxxx 7. Ten Springs(5) 8. Northern Exposure(6)
North Country has full power and authority and the legal right (subject to the receipt of the approvals referred to in Section 5.5) to construct, own and operate the North Country Project, to conduct its business as now conducted and as proposed to be conducted by it, to execute, deliver and perform this Agreement and the other Basic Documents to which it is or is to become a party, and to take all action as may be necessary to complete the transactions contemplated hereunder and thereunder. North Country has taken all necessary corporate and legal action to authorize the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party or is to become a party. No consent or authorization of, filing with, or other act by or in respect of any other Person, that has not been made, obtained or complied with, is required in connection with the execution, delivery or performance by North Country or the validity or enforceability as to North Country of this Agreement or the other Basic Documents except the Amendment and Restatement of Loan Agreement Governmental Approvals referred to in Section 5.5 and other consents and approvals referred to in Schedule 3. Each of this Agreement and the other Basic Documents to which North Country is a party has been duly executed and delivered by North Country and, assuming the due authorization and delivery hereof and thereof by the other parties hereto and thereto, constitutes, and each of the other Basic Documents to which North Country is to become a party will upon execution and delivery thereof by North Country and, assuming due authorization thereof, by the other parties thereto (if any) constitute, a legal, valid and binding obligation of North Country enforceable against North Country in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and by general principles of equity (whether such enforcement is sought in a proceeding at law or in equity). None of the Project Contracts to which North Country is a party has been amended or modified since the Construction Loan Closing Date, except in accordance with Section 8.6, and all such Project Contracts are in full force and effect.
North Country. The Managing General Partner shall cause North Country, and shall prepare, execute and file any and all documents necessary to permit North Country, to declare and distribute to the Partnership (for distribution in accordance with the terms of this Agreement and the Security Deposit Agreement) promptly following the end of each fiscal quarter of North Country any and all dividends that North Country may declare in compliance with Applicable Law.
North Country. The Managing General Partner shall be relieved of any obligation to cause North Country to take any action, or refrain from taking any action, to the extent that the performance of such obligation could subject the Partnership or any Partner to regulation as a "gas corporation" under the Public Service Law of the State of New York.
