Common use of Payment of Obligations Clause in Contracts

Payment of Obligations. 37 5.4 Conduct of Business and Maintenance of Existence...............37 5.5 Maintenance of Property; Insurance.............................37 5.6 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39

Payment of Obligations. 37 46 5.4 Conduct of Business and Business; Maintenance of Existence...............37 ; Compliance with Laws.......................................................... 46 5.5 Maintenance of Property; Insurance.............................37 .............................. 46 5.6 Inspection of Property; Books and Records; Discussions.........37 .......... 47 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39......................................................... 47 5.8

Payment of Obligations. 37 5.4 68 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc............................. 68 6.5 Maintenance of Property; Insurance.............................37 5.6 ................................................ 68 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ............................ 68 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................... 70 6.8

Payment of Obligations. 37 5.4 56 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc. ........ 56 6.5 Maintenance of Property; Insurance.............................37 5.6 ............................. 56 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ......... 57 6.7 Notices........................................................38 5.8 ........................................................ 57 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................. 58 6.9

Payment of Obligations. 37 5.4 77 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc. .....77 7.5 Maintenance of Property; Insurance.............................37 5.6 ..........................77 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ......78 7.7 Notices........................................................38 5.8 .....................................................78 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..........................................80

Payment of Obligations. 37 55 5.4 Conduct of Business and Maintenance of Existence...............37 , etc. .. 55 5.5 Maintenance of Property; Insurance.............................37 ....................... 55 5.6 Inspection of Property; Books and Records; Discussions.........37 ... 55 5.7 Notices........................................................38 .................................................. 56 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39....................................... 57 5.9 Additional Collateral, etc............................... 57 5.10 Sales of Products by Agents.............................. 59

Payment of Obligations. 37 39 5.4 Conduct of Business and Maintenance of Existence...............37 ......................... 39 5.5 Maintenance of Property; Insurance.............................37 ............... 39 5.6 Inspection of Property; Books and Records; Discussions.........37 .................................... 39 5.7 Notices........................................................38 .......................................... 39 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................... 40 5.9

Payment of Obligations. 37 46 5.4 Conduct of Business and Business; Maintenance of Existence...............37 ; Compliance with Laws............................................................... 46 5.5 Maintenance of Property; Insurance.............................37 .................................. 46 5.6 Inspection of Property; Books and Records; Discussions.........37 .............. 47 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................. 47 5.8

Payment of Obligations. 37 5.4 Conduct of Business and Maintenance of Existence........................................ 37 5.5 Maintenance of Property; Insurance.................................................................... 37 5.6 Inspection of Property; Books and Records; Discussions.........37 ................... 38 5.7 Notices........................................................Environmental Laws....................................................... 38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39Use of Proceeds.......................................................... 39 5.9

Payment of Obligations. 37 5.4 34 5.4. Conduct of Business and Maintenance of Existence...............37 5.5 Existence .............. 35 5.5. Maintenance of Property; Insurance.............................37 5.6 Insurance ............................ 35 5.6. Inspection of Property; Books and Records; Discussions.........Discussions ........ 36 5.7. Notices ....................................................... 36 5.8. Environmental Laws ............................................ 37 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................395.9.

Payment of Obligations. 37 34 5.4 Conduct of Business and Maintenance of Existence...............37 ............................................... 34 5.5 Maintenance of Property; Insurance.............................37 ............................................................. 34 5.6 Inspection of Property; Books and Records; Discussions.........37 ......................................... 35 5.7 Notices........................................................38 ........................................................................................ 35 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................. 36 5.9

Payment of Obligations. 37 5.4 53 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ....................................................53 7.5 Maintenance of Property; Insurance.............................37 5.6 ..................................................................53 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ..............................................54 7.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................................54 7.8

Payment of Obligations. 37 61 Section 5.4 Conduct of Business and Maintenance of Existence...............37 ......................................61 Section 5.5 Maintenance of Property; Insurance.............................37 ....................................................61 Section 5.6 Inspection of Property; Books and Records; Discussions.........37 ................................61 Section 5.7 Notices........................................................38 ...............................................................................62 Section 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39....................................................................63 Section 5.9

Payment of Obligations. 37 53 5.4 Conduct of Business and Maintenance of Existence, etc...............37 54 5.5 Maintenance of Property; Insurance.............................37 ..................................54 5.6 Inspection of Property; Books and Records; Discussions.........37 ..............54 5.7 Notices........................................................38 .............................................................55 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..................................................55 5.9 Additional Collateral, etc..........................................56 5.10 Further Assurances..................................................57

Payment of Obligations. 37 5.4 41 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ............ 41 7.5 Maintenance of Property; Insurance.............................37 5.6 .......................... 41 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ...... 42 7.7 Notices........................................................38 5.8 ..................................................... 42 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.......................................... 43 7.9

Payment of Obligations. 37 5.4 73 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc. ... 73 6.5 Maintenance of Property; Insurance.............................37 5.6 Insurance ....................... 73 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 Discussions ... 74 6.7 Notices .................................................. 74 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39Laws ....................................... 75 6.9

Payment of Obligations. 37 5.4 79 12.4 Conduct of Business and Maintenance of Existence...............37 5.5 ........................ 80 12.5 Maintenance of Property; Insurance.............................37 5.6 ...................................... 80 12.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .................. 80 12.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................................................. 80 12.8

Payment of Obligations. 37 5.4 191192 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 . ..................................191192 7.5 Maintenance of Property; Insurance.............................37 5.6 . ...........................................................191192 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 . ..........................191193 7.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................................192193 7.8

Payment of Obligations. 37 27 5.4 Conduct of Business and Maintenance of Existence...............37 .......................................................... 27 5.5 Maintenance of Property; Insurance.............................37 ........................................................................ 27 5.6 Inspection of Property; Books and Records; Discussions.........37 .................................................... 28 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................................................................................... 28 5.8

Payment of Obligations. 37 5.4 70 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 .......................... 71 6.5 Maintenance of Property; Insurance.............................37 5.6 ........................................ 71 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .................... 71 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................................................... 72 6.8

Payment of Obligations. 37 5.4 58 6.4. Conduct of Business and Business; Maintenance of Existence...............37 5.5 Maintenance of Existence and Property; Compliance with Law...................................58 6.5. Insurance.............................37 5.6 ........................................................59 6.6. Inspection of Property; Books and Records; Discussions.........37 5.7 ...........59 6.7. Notices........................................................38 5.8 ..........................................................59 6.8. Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...............................................60 6.9.

Payment of Obligations. 37 5.4 47 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 ......................48 6.5 Maintenance of Property; Insurance.............................37 5.6 ....................................48 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ................48 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...............................................................48 6.8

Payment of Obligations. 37 5.4 65 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc................................ 65 6.5 Maintenance of Property; Insurance.............................37 5.6 ................................................... 65 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ............................... 65 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................. 66 6.8

Payment of Obligations. 37 33 5.4 Conduct of Business and Maintenance of Existence...............37 .............33 5.5 Maintenance of Property; ......................................33 5.6 Insurance.............................37 5.6 ....................................................33 5.7 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.......33 5.8

Payment of Obligations. 37 5.4 83 12.4 Conduct of Business and Maintenance of Existence...............37 5.5 ................ 84 12.5 Maintenance of Property; Insurance.............................37 5.6 .............................. 84 12.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ........................................... 84 12.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39......................................................... 84 12.8

Payment of Obligations. 37 5.4 74 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 ...............................................74 6.5 Maintenance of Property; Insurance.............................37 5.6 .............................................................74 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 Appraisals..........................................74 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................75 6.8

Payment of Obligations. 37 5.4 60 6.4 Conduct of Business and Business; Maintenance of Existence...............37 5.5 Maintenance of Existence and Property; Compliance with Law................60 6.5 Insurance.............................37 5.6 ......................................................................................60 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .........................................60 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................60 6.8

Payment of Obligations. 37 5.4 84 12.4 Conduct of Business and Maintenance of Existence...............37 5.5 ..................................................84 12.5 Maintenance of Property; Insurance.............................37 5.6 ................................................................84 12.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ............................................84 12.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...........................................................................................85 12.8

Payment of Obligations. 37 5.4 23 5.4. Conduct of Business and Maintenance of Existence...............37 5.5 ...................23 5.5. Maintenance of Property; Insurance.............................37 5.6 .................................23 5.6. Inspection of Property; Files, Books and Records; Discussions.........37 5.7 ......23 5.7. Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6............................................................24 5.8. NEGATIVE COVENANTS..............................................39Delivery of Other Reports..........................................24 5.9. Annual Certificate.................................................24 5.10. Further Assurances.................................................25

Payment of Obligations. 37 5.4 36 8.4 Conduct of Business and Maintenance of Existence................................................................. 36 8.5 Insurance......................................................................................... 37 5.5 Maintenance of Property; Insurance.............................37 5.6 8.6 Inspection of Property; , Books and Records; Discussions..................................................... 37 5.7 8.7 Notices........................................................38 5.8 ........................................................................................... 37 8.8 Environmental Laws............................................................................................................................. 38 SECTION 6. NEGATIVE COVENANTS..............................................398.9 Year 2000 Compliance.............................................................................. 38

Payment of Obligations. 37 5.4 83 9.4 Conduct of Business and Maintenance of Existence...............37 5.5 ..................................................83 9.5 Maintenance of Property; Insurance.............................37 5.6 ................................................................84 9.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ............................................84 9.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...........................................................................................84 9.8

Payment of Obligations. 37 26 5.4 Conduct of Business and Maintenance of Existence...............37 ................26 5.5 Maintenance of Property; Insurance.............................37 ..............................26 5.6 Inspection of Property; Books and Records; Discussions.........37 ..........26 5.7 Notices........................................................38 .........................................................26 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................3927 5.9

Payment of Obligations. 37 5.4 47 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ; Compliance with Law and Contractual Obligations.......................... 47 7.5 Maintenance of Property; Insurance.............................37 5.6 .............................. 47 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .......... 47 7.7 Notices........................................................38 5.8 ......................................................... 48 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................. 48 7.9

Payment of Obligations. 37 5.4 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 Maintenance of Property; ....................................38 8.5 Insurance.............................37 5.6 ...........................................................................38 8.6 Inspection of Property; , Books and Records; Discussions.........37 5.7 ..............................38 8.7 Notices.....................................................................................................................................38 5.8 8.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS................................................................................................................39 8.9 Year 2000 Compliance................................................................39

Payment of Obligations. 37 5.4 45 5.3 Conduct of Business and Maintenance of Existence...............37 5.5 , etc..........................................45 5.4 Maintenance of Property; Leases; Insurance.............................37 5.6 ; Taxes..............................................45 5.5 Inspection of Property; Books and Records; Discussions.........37 .........................................46 5.6 Notices........................................................................................47 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39; Permits....................................................................47 5.8

Payment of Obligations. 37 32 5.4 Conduct of Business and Maintenance of Existence...............37 ................... 32 5.5 Maintenance of Property; Insurance.............................37 ................................. 32 5.6 Inspection of Property; Books and Records; Discussions.........37 ............. 32 5.7 Notices........................................................38 ............................................................ 32 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................................. 33 5.9 Further Assurances................................................. 34 5.10

Payment of Obligations. 37 32 5.4 Conduct of Business and Maintenance of Existence...............37 , etc.......................................... 33 5.5 Maintenance of Property; Insurance.............................37 ............................................................. 33 5.6 Inspection of Property; Books and Records; Discussions.........37 ......................................... 33 5.7 Notices........................................................38 ........................................................................................ 33 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................. 34 5.9

Payment of Obligations. 37 54 5.4 Conduct of Business and Maintenance of Existence...............37 ...............................................54 5.5 Maintenance of Property; Insurance.............................37 .............................................................54 5.6 Inspection of Property; Books and Records; Discussions.........37 .........................................54 5.7 Notices........................................................38 ........................................................................................55 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................56 5.9

Payment of Obligations. 37 5.4 57 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 ...............................................57 8.5 Maintenance of Property; Insurance.............................37 5.6 .............................................................57 8.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .........................................57 8.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................57 PAGE

Payment of Obligations. 37 30 5.4 Conduct of Business and Maintenance of Existence...............37 ...............................................30 5.5 Maintenance of Property; Insurance.............................37 .............................................................31 5.6 Inspection of Property; Books and Records; Discussions.........37 .........................................31 5.7 Notices........................................................38 ........................................................................................31 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................32 5.9 Taxes..........................................................................................32 5.10

Payment of Obligations. 37 5.4 22 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ............................................... 22 7.5 Maintenance of Property; Insurance.............................37 5.6 Inspection ............................................................. 23 7.6 Inspection-of Property; Books and Records; Discussions.........37 5.7 ......................................... 23 7.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................ 23 7.8

Payment of Obligations. 37 5.4 62 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 .. 63 7.5 Maintenance of Property; Insurance.............................37 5.6 ................ 63 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ..................................... 63 7.7 Notices........................................................38 5.8 ........................................... 63 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................ 64 7.9

Payment of Obligations. 37 5.4 63 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc........................... 63 6.5 Maintenance of Property; Insurance.............................37 5.6 .............................................. 63 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .......................... 64 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39......................................................................... 64 6.8

Payment of Obligations. 37 30 5.4 Conduct of Business and Maintenance of Existence...............37 ................30 5.5 Maintenance of Property; Insurance.............................37 ..............................30 5.6 Inspection of Property; Books and Records; Discussions.........37 ..........31 5.7 Notices........................................................38 .........................................................31 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................3932 5.9 Taxes...........................................................32 5.10

Payment of Obligations. 37 5.4 39 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ......................................39 7.5 Maintenance of Property; Insurance.............................37 5.6 ....................................................39 7.6 Inspection of Property; Books and Records; , Discussions.........37 5.7 ................................40 7.7 Notices........................................................38 5.8 Environmental ...............................................................................40 7.8 Hazardous Material Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...............................................................41 7.9 Maintain Base Net Worth...............................................................41 7.10

Payment of Obligations. 37 47 5.4 Conduct of Business and Maintenance of Existence...............37 ..........48 5.5 Maintenance of Property; Insurance.............................37 ........................48 5.6 Inspection of Property; Books and Records; Discussions.........37 ..........................................48 5.7 Notices........................................................38 ...................................................48 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................49 5.9

Payment of Obligations. 37 5.4 52 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 Maintenance of Property; Insurance.............................37 5.6 ....................................52 8.5 Inspection of Property; Books and Records; , Discussions.........37 5.7 ..............................53 8.6 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................53 8.7

Payment of Obligations. 37 5.4 75 9.4 Conduct of Business and Maintenance of Existence...............37 5.5 ......................................... 75 9.5 Maintenance of Property; Insurance.............................37 5.6 ....................................................... 75 9.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ................................... 76 9.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.................................................................................. 76 9.8

Payment of Obligations. 37 5.4 85 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ................................. 85 7.5 Maintenance of Property; Insurance.............................37 5.6 ; Risk Management.............................. 85 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ........................... 86 7.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.......................................................................... 86 7.8

Payment of Obligations. 37 5.4 44 6.4. Conduct of Business and Maintenance of Existence...............37 5.5 Existence ........................... 44 6.5. Leases ..................................................................... 45 6.6. Maintenance of Property; Insurance.............................37 5.6 , Insurance ......................................... 45 6.7. Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6Discussions ..................... 45 6.8. NEGATIVE COVENANTS..............................................39Notices .................................................................... 45 6.9.

Payment of Obligations. 37 5.4 54 5.5 Conduct of Business and Maintenance of Existence...............37 5.5 ............ 54 5.6 Maintenance of Property; Insurance.............................37 5.6 .......................... 55 5.7 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 ................................................. 55 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.......................................... 55 5.9

Payment of Obligations. 37 5.4 53 6.4 Conduct of Business and Business; Maintenance of Existence...............37 5.5 Maintenance of Existence and Property; Compliance with Law..................................................53 6.5 Insurance.............................37 5.6 ............................................................54 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ...............54 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..............................................................54 6.8

Payment of Obligations. 37 40 5.4 Conduct of Business and Maintenance of Existence...............37 .............................................40 5.5 Maintenance of Property; Insurance.............................37 ...........................................................40 5.6 Inspection of Property; Books and Records; Discussions.........37 .......................................40 5.7 Notices........................................................38 ......................................................................................41 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...........................................................................41 5.9 Taxes........................................................................................42 5.10 Covenants of the Indenture...................................................................42 5.11

Payment of Obligations. 37 5.4 55 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc. ......... 56 6.5 Maintenance of Property; Insurance.............................37 5.6 .............................. 56 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .......... 56 6.7 Notices........................................................38 5.8 ......................................................... 57 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................. 57 6.9 Interest Rate Protection........................................ 58 6.10

Payment of Obligations. 37 5.4 50 7.4. Conduct of Business and Maintenance of Existence...............37 5.5 ; Compliance with Law and Contractual Obligations 51 7.5. Maintenance of Property; Insurance.............................37 5.6 ............................................................... 51 7.6. Inspection of Property; Books and Records; Discussions.........37 5.7 ........................................... 51 7.7. Notices........................................................38 5.8 .......................................................................................... 51 7.8. Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................... 52 7.9.

Payment of Obligations. 37 28 5.4 Conduct of Business and Maintenance of Existence...............37 ..................... 28 5.5 Maintenance of Property; Insurance.............................37 ................................... 29 5.6 Inspection of Property; Books and Records; Discussions.........37 ............... 29 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................. 29 5.8

Payment of Obligations. 37 5.4 55 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc. ......... 55 6.5 Maintenance of Property; Insurance.............................37 5.6 .............................. 55 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ; Collateral Audit................................... 55 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39......................................................... 56 6.8

Payment of Obligations. 37 5.4 72 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc..........................................72 6.5 Maintenance of Property; Insurance.............................37 5.6 .............................................................72 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .........................................73 6.7 Notices........................................................38 5.8 ........................................................................................74 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................75 6.9

Payment of Obligations. 37 5.4 40 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ; Compliance with Laws............................................41 7.5 Maintenance of Property; Insurance.............................37 5.6 ..............................41 7.6 Inspection of Property; Books and Records; , Discussions.........37 5.7 ..........41 7.7 Notices........................................................38 5.8 Environmental .........................................................41 7.8 Hazardous Material Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.........................................42 7.9

Payment of Obligations. 37 5.4 53 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 .....................................53 6.5 Maintenance of Property; Insurance.............................37 5.6 ...................................................53 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 Appraisals................................54 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..............................................................................55 6.8

Payment of Obligations. 37 39 5.4 Conduct of Business and Maintenance of Existence...............37 , etc.............. 39 5.5 Maintenance of Property; Insurance.............................37 ................................. 40 5.6 Inspection of Property; Books and Records; Discussions.........37 ............. 40 5.7 Notices........................................................38 ............................................................ 40 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................................. 41

Payment of Obligations. 37 5.4 56 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc.......................................... 56 6.5 Maintenance of Property; Insurance.............................37 5.6 ............................................................. 56 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ......................................... 57 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................ 57 6.8

Payment of Obligations. 37 5.4 36 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ...................... 36 7.5 Maintenance of Property; Insurance.............................37 5.6 .................................... 36 7.6 Inspection of Property; Books and Records; Discussions......................... 37 5.7 7.7 Notices........................................................38 5.8 ............................................................... 37 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.................................................... 39 7.9

Payment of Obligations. 37 5.4 50 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc..................................................51 6.5 Maintenance of Property; Insurance.............................37 5.6 ...............................51 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .....................................................51 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..........................................................51 6.8

Payment of Obligations. 37 5.4 60 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc............................................... 61 6.5 Maintenance of Property; Insurance.............................37 5.6 .................................................................. 61 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .............................................. 61 6.7 Notices........................................................38 5.8 ............................................................................................. 61 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.................................................................................. 62 6.9

Payment of Obligations. 37 5.4 17 5.4. Conduct of Business and Maintenance of Existence...............37 5.5 ................... 18 5.5. Maintenance of Property; Insurance.............................37 5.6 ................................. 18 5.6. Inspection of Property; Files, Books and Records; Discussions.........37 5.7 ...... 18 5.7. Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6............................................................ 18 5.8. NEGATIVE COVENANTS..............................................39Delivery of Other Reports.......................................... 18 5.9. Annual Certificate................................................. 18 5.10. Further Assurances................................................. 19 5.11.

Payment of Obligations. 37 5.4 50 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc............... 51 6.5 Maintenance of Property; Insurance.............................37 5.6 .................................. 51 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .............. 51 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................. 51 6.8

Payment of Obligations. 37 5.4 72 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 .............72 6.5 Maintenance of Property; Insurance.............................37 5.6 ...........................72 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .......72 6.7 Notices........................................................38 5.8 ......................................................73 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...........................................73 6.9 Further Assurances...........................................74 6.10

Payment of Obligations. 37 5.4 65 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc......................................... 65 6.5 Maintenance of Property; Insurance.............................37 5.6 ............................................................ 65 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ........................................ 65 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39....................................................................................... 66 6.8

Payment of Obligations. 37 5.4 42 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc..............................42 6.5 Maintenance of Property; Insurance.............................37 5.6 .................................................43 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .............................43 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................43 6.8

Payment of Obligations. 37 5.4 61 6.4 Conduct of Business and Business; Maintenance of Existence...............37 5.5 Maintenance of Existence and Property; Compliance with Law................61 6.5 Insurance.............................37 5.6 ......................................................................................61 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .........................................62 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................62 6.8

Payment of Obligations. 37 5.4 53 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 ...............................................53 8.5 Maintenance of Property; Insurance.............................37 5.6 .............................................................54 8.6 Inspection of Property; Books and Records; , Discussions.........37 5.7 .........................................54 8.7 Notices........................................................38 5.8 Environmental ........................................................................................54 8.8 Hazardous Material Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................56 8.9 Minimum Tangible Net Worth.....................................................................56 8.10

Payment of Obligations. 37 5.4 28 6.4. Conduct of Business and Maintenance of Existence...............37 5.5 28 6.5. Maintenance of Property; Insurance.............................37 5.6 28 6.6. Inspection of Property; Books and Records; Discussions.........37 5.7 28 6.7. Notices........................................................38 5.8 29 6.8. Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39Indemnification..................................26

Payment of Obligations. 37 49 5.4 Conduct of Business and Maintenance of Existence...............37 ...............................................49 5.5 Maintenance of Property; Insurance.............................37 .............................................................50 5.6 Inspection of Property; Books and Records; Discussions.........37 .........................................50 5.7 Notices........................................................38 ........................................................................................51 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.............................................................................52 5.9 Ownership of Borrowers; Joinder of Subsidiaries................................................52 5.10 Management Changes.............................................................................53 5.12

Payment of Obligations. 37 5.4 72 7.6 Conduct of Business and Maintenance of Existence...............37 5.5 ...................................................72 7.7 Maintenance of Property; Insurance.............................37 5.6 .................................................................72 7.8 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 .............................................73 7.9 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.................................................................................73 7.10

Payment of Obligations. 37 39 5.4 Conduct of Business and Maintenance of Existence...............37 , etc......................................... 40 5.5 Maintenance of Property; Insurance.............................37 ............................................................ 40 5.6 Inspection of Property; Books and Records; Discussions.........37 ........................................ 40 5.7 Notices........................................................38 ....................................................................................... 40 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................ 41

Payment of Obligations. 37 41 5.4 Conduct of Business and Maintenance of Existence...............37 .............................................41 5.5 Maintenance of Property; Insurance.............................37 ...........................................................42 5.6 Inspection of Property; Books and Records; Discussions.........37 .......................................42 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...........................................................................43 5.8

Payment of Obligations. 37 5.4 53 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ; Compliance with Law and Contractual Obligations.....53 7.5 Maintenance of Property; Insurance.............................37 5.6 ....................................................................53 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ................................................53 7.7 Notices........................................................38 5.8 ...............................................................................................53 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39....................................................................................54 7.9

Payment of Obligations. 37 5.4 88 7.5 Conduct of Business and Maintenance of Existence...............37 5.5 ........................................88 7.6 Maintenance of Property; Insurance.............................37 5.6 ......................................................88 7.7 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 ..................................89 7.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39......................................................................89 7.9

Payment of Obligations. 37 53 5.4 Conduct of Business and Maintenance of Existence...............37 , etc................53 5.5 Maintenance of Property; Insurance.............................37 ...................................53 5.6 Inspection of Property; Books and Records; Discussions.........37 ...............54 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..............................................................54 5.8

Payment of Obligations. 37 28 5.4 Conduct of Business and Maintenance of Existence...............37 ........................................................... 28 5.5 Maintenance of Property; Insurance.............................37 ......................................................................... 29 5.6 Inspection of Property; Books and Records; Discussions.........37 ..................................................... 29 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.................................................................................................... 29 5.8

Payment of Obligations. 37 5.4 57 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc..............................................57 6.5 Maintenance of Property; Insurance.............................37 5.6 .................................................................58 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .............................................58 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................................58 6.8

Payment of Obligations. 37 69 5.4 Conduct of Business and Maintenance of Existence...............37 .............. 69 5.5 Maintenance of Property; ....................................... 70 5.6 Insurance.............................37 5.6 ..................................................... 70 5.7 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 ................................................... 70 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................ 71 5.9

Payment of Obligations. 37 5.4 41 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 ................. 41 6.5 Maintenance of Property; Insurance.............................37 5.6 ............................... 41 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ........... 41 6.7 Notices........................................................38 5.8 .......................................................... 42 6.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................... 42 6.9

Payment of Obligations. 37 44 5.4 Conduct of Business and Maintenance of Existence...............37 Existence ............................................................... 44 5.5 Maintenance of PropertyInsurance; Insurance.............................37 Property ............................................................................. 44 5.6 Inspection of Property; Books and Records; Discussions.........37 Discussions ......................................................... 45 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39Notices ........................................................................................................ 45 5.8

Payment of Obligations. 37 32 5.4 Conduct of Business and Maintenance of Existence...............37 33 5.5 Maintenance of Property; Insurance.............................37 33 5.6 Inspection of Property; Books and Records; Discussions.........37 33 5.7 Notices........................................................38 Notices-----...................................................33 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................3935 5.9 Replacement of Acceptable Special Servicer; Cooperation....................................................35

Payment of Obligations. 37 5.4 54 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ............................................. 54 7.5 Maintenance of Property; Insurance.............................37 5.6 ........................................................... 55 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ....................................... 55 7.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...................................................................................... 55 7.8

Payment of Obligations. 37 48 5.4 Conduct of Business and Maintenance of Existence...............37 ........................................................48 5.5 Maintenance of Property; Insurance.............................37 ..............................................48 5.6 Inspection of Property; Books and Records; Discussions.........37 ..........................48 5.7 Notices........................................................38 .........................................................................48 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39..............................................................49 5.9

Payment of Obligations. 37 5.4 54 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 ......................................54 8.5 Maintenance of Property; Insurance.............................37 5.6 ....................................................55 8.6 Inspection of Property; Books and Records; , Discussions.........37 5.7 ................................55 8.7 Notices........................................................38 5.8 Environmental ...............................................................................55 8.8 Hazardous Material Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...............................................................56 8.9 Maintain Base Tangible Net Worth......................................................57 8.10

Payment of Obligations. 37 5.4 38 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 Maintenance of Property; ................................................... 38 8.5 Insurance.............................37 5.6 .......................................................................................... 39 8.6 Inspection of Property; , Books and Records; Discussions.........37 5.7 ............................................. 39 8.7 Notices........................................................38 5.8 ............................................................................................ 39 8.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39................................................................................. 40 8.9 Year 2000 Compliance............................................................................... 40

Payment of Obligations. 37 5.4 40 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 .................... 40 7.5 Maintenance of Property; Insurance.............................37 5.6 .................................. 40 7.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .............. 40 7.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................. 40 7.8 Stock Pledges....................................................... 41 7.9 Guarantees.......................................................... 42

Payment of Obligations. 37 5.4 64 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 .............64 6.5 Maintenance of Property; Insurance.............................37 5.6 ...........................64 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .................................................65 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39......................................................65

Payment of Obligations. 37 5.4 43 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 .................................................... 44 6.5 Maintenance of Property; Insurance.............................37 5.6 .................................................................. 44 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 .............................................. 44 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39............................................................................................. 45 6.8 Maintenance of Corporate Identity................................................................... 46 6.9

Payment of Obligations. 37 5.4 55 7.4 Conduct of Business and Maintenance of Existence...............37 5.5 ; Compliance with Laws.....................................................55 7.5 Maintenance of Property; Insurance.............................37 5.6 ................................56 7.6 Inspection of Property; Books and Records; , Discussions.........37 5.7 ............56 7.7 Notices........................................................38 5.8 Environmental ...........................................................56 7.8 Hazardous Material Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39...........................................57 7.9

Payment of Obligations. 37 5.4 46 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 ..............................46 6.5 Maintenance of Property; Insurance.............................37 5.6 ............................................46 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ........................47 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.......................................................................47 6.8

Payment of Obligations. 37 5.4 43 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc......................... 44 6.5 Maintenance of Property; Insurance.............................37 5.6 ............................................ 44 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ........................ 44 6.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39....................................................................... 44 6.8

Payment of Obligations. 37 45 5.4 Conduct of Business and Maintenance of Existence...............37 ..............45 5.5 Maintenance of Property; Insurance.............................37 ............................45 5.6 Inspection of Property; Books and Records; Discussions.........37 ........45 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.......................................................46 5.8

Payment of Obligations. 37 42 5.4 Conduct of Business and Maintenance of Existence...............37 , etc.......................................... 42 5.5 Maintenance of Property; Insurance.............................37 ............................................................. 42 5.6 Inspection of Property; Books and Records; Discussions.........37 ......................................... 43 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39........................................................................................ 43 5.8

Payment of Obligations. 37 5.4 97 6.4 Conduct of Business and Maintenance of Existence...............37 5.5 , etc..........................................98 6.5 Maintenance of Property; Leases; Insurance.............................37 5.6 .....................................................98 6.6 Inspection of Property; Books and Records; Discussions.........37 5.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39.........................................98 6.7

Payment of Obligations. 37 5.4 59 8.4 Conduct of Business and Maintenance of Existence...............37 5.5 .................59 8.5 Maintenance of Property; Insurance.............................37 5.6 ...............................59 8.6 Inspection of Property; Books and Records; Discussions.........37 5.7 ...........59 8.7 Notices........................................................38 5.8 Environmental Laws.............................................38 SECTION 6..........................................................59 Section 9. NEGATIVE COVENANTS..............................................39.................................................60