TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87
Appears in 2 contracts
Sources: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 39 2.1 Term Commitments 38 39 2.2 Procedure for Term Loan Borrowing 38 39 2.3 Repayment of Term Loans 38 39 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 40 2.6 Fees 40 41 2.7 Optional Termination or Reduction of Commitments 41 42 2.8 Optional Prepayments 41 42 2.9 Mandatory Prepayments and Commitment Reductions 42 43 2.10 Conversion and Continuation Options 44 45 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 47 2.14 Inability to Determine Interest Rate 47 48 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 51 2.17 Taxes 51 52 2.18 Indemnity 55 56 2.19 Change of Lending Office 56 57 2.20 Replacement of Lenders 56 57 2.21 Defaulting Lenders 57 58 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 61 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 63 3.1 Revolving L/C Commitments 62 63 Section 4. REPRESENTATIONS AND WARRANTIES 72 73 4.1 No Change 72 73 4.2 Existence; Compliance with Law 72 73 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 74 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 75 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 75 4.10 Intellectual Property 74 75 4.11 Taxes 74 75 4.12 Permits 75 4.13 Agreements, Etc. 75 76 4.14 Federal Reserve Regulations 75 76 4.15 Labor Matters 75 76 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 77 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 78 4.21 Accuracy of Information, Etc. 78 79 4.22 Security Documents 79 80 4.23 Solvency 79 80 4.24 Senior Indebtedness 79 80 4.25 Required Insurance 79 80 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 81 4.29 Federal Taxpayer Identification Number 80 81 Section 5. CONDITIONS PRECEDENT 80 81 5.1 Conditions to Closing Date 80 81 5.2 Conditions to Each Extension of Credit 83 84 Section 6. AFFIRMATIVE COVENANTS 84 85 6.1 Financial Statements 84 85 6.2 Certificates; Other Information 85 86 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8787 6.4 Maintenance of Property; Insurance 88
Appears in 2 contracts
Sources: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
TABLE OF CONTENTS. Section 1 - DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 12 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2 - THE INVESTMENTS 13 2.1 Term Commitments 38 Purchaser’s Investment Limits 13 2.2 Procedure for Term Loan Borrowing 38 Making Purchases 13 2.3 Repayment of Term Loans 38 Sale and Assignment 15 2.4 Revolving Commitments 39 Fees 15 2.5 Procedure for Revolving Loan Borrowing 39 Computation and Payments; Commitment Fees 15 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 16 2.7 Requirements of Law 50 2.17 16 2.8 Taxes 51 2.18 17 2.9 Indemnity 55 2.19 Change 18 2.10 Records 19 2.11 Purchase Price Adjustments/Deferred Purchase Price 19 2.12 Repurchases of Lending Office 56 2.20 Replacement Purchased Assets: Deemed Collections 20 2.13 Application of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Collections 21 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. 3 - REPRESENTATIONS AND WARRANTIES 72 4.1 22 3.1 Financial Condition 22 3.2 No Change 72 4.2 22 3.3 Existence; Compliance with Law 72 4.3 22 3.4 Power; Authorization; Enforceable Obligations 73 4.4 23 3.5 No Legal Bar 73 4.5 23 3.6 Litigation 74 4.6 23 3.7 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 23 3.8 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 24 3.9 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 24 3.10 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 24 3.11 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 24 3.12 Accuracy of Information, Etcetc. 78 4.22 25 3.13 Solvency 25 3.14 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T 25 3.15 Principal Place of Business 25 3.16 Accounting for Scheduled Receivables 25 3.17 Compliance with Money Laundering and Regulation U 80 4.27 AML Laws; Anti-Corruption Terrorist Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 25 Section 5. 4 - CONDITIONS PRECEDENT 80 5.1 26 4.1 Conditions Precedent to Initial Purchase 26 4.2 Conditions Precedent to All Purchases 27 4.3 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Effectiveness 28 Section 6. AFFIRMATIVE 5 - COVENANTS 84 6.1 29 5.1 Financial Statements 84 6.2 29 5.2 Certificates; Other Information 85 6.3 29 5.3 Payment of Obligations 30 5.4 Maintenance of Existence; ComplianceCompliance 30 5.5 Maintenance of Property; Contractual Obligations 87Insurance 30 5.6 Inspection of Property; Books and Records; Discussions 30 5.7 Notices 30 5.8 Use of Proceeds 31 5.9 Irrevocable Payment Instructions 31 5.10 Further Assurances 31 5.11 Offices, Records, Books of Account 31 5.12 Sales, Liens, Etc. 32 5.13 Extension or Amendment of Receivables 32 5.14 Status of Scheduled Receivables 32
Appears in 2 contracts
Sources: Revolving Trade Receivables Purchase Agreement (Celestica Inc), Revolving Trade Receivables Purchase Agreement (Celestica Inc)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms General 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 Scope of Coverage 1 Article 2 2 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 Automatic Reinsurance 2 2.3 Repayment Facultative Reinsurance 2 Article 3 3 3.1 Automatic Submissions 3 3.2 Facultative Submissions 3 Article 4 4 4.1 Commencement of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination Automatic Reinsurance Liability 4 4.2 Commencement of Facultative Reinsurance Liability 4 4.3 Conditional Receipt or Reduction Temporary Insurance Agreement Liability 4 Article 5 5 5.1 Premium Accounting 5 5.2 Currency 5 5.3 Non-Payment of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Premiums 5 Article 6 6 6.1 Right of Offset 6 Article 7 7 7.1 Conversions 7 7.2 Policy Changes 7 7.3 Reductions 8 7.4 Lapses 8 7.5 Reinstatements 9 7.6 Reinsurance Limits 9 Article 8 10 8.1 Retention Limit Change 10 8.2 Recapture 10 8.3 Alternative Recapture Arrangement 11 8.4 Waiver of Premium Claims 11 Article 9 12 9.1 Claims Notice and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Consultation 12 9.2 Claims Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; 12 9.3 Claims Practices 13 9.4 Contested Claims 13 9.5 Claims Expenses 14 9.6 Extra Contractual Obligations 8714 9.7 Misstatement of Age or Sex 14 196474US-08 ml 20070727 (ODB#I02020US-08) Article 10 15 10.1 Errors and Omissions in Administration of Reinsurance 15 10.2 Dispute Resolution 15 10.3 Arbitration 15 10.4 Expedited Dispute Resolution Process 17 Article 11 18 11.1 Insolvency 18 Article 12 20 12.1 DAC Tax Election 20 12.2 Taxes and Expenses 20 Article 13 21 13.1 Entire Agreement 21 13.2 Inspection of Records 21 13.3 Utmost Good Faith 21 13.4 Confidentiality 21 Article 14 23 14.1 Representations and Warranties 23 Article 15 24 15.1 Business Continuity 24 Article 16 25 16.1 Duration of Agreement 25 16.2 Severability 25 16.3 Construction 25 16.4 Credit for Reinsurance 25 16.5 Non-Waiver 25 16.6 Retrocession 25 16.7 Governing Law 26 16.8 Interest 26 16.9 Medical Information Bureau 26 16.10 Notice 26 16.11 Counterparts 26 Execution Exhibits 27 A Business Covered ▇-▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇-▇ Facultative Submissions B Reinsurance Application B-1 Fac Easy Application C General Terms
Appears in 2 contracts
Sources: Reinsurance Agreement (Nationwide VL Separate Account-G), Reinsurance Agreement (Nationwide VL Separate Account-G)
TABLE OF CONTENTS. DEFINITIONS 1 The Offer 2 1.1 Defined Terms 1 The Offer 2 1.2 Other Definitional Provisions 36 Company Actions 4 1.3 Directors 7 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 Merger Transaction 9 2.1 Term Commitments 38 Merger of Purchaser into the Company 9 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 the Merger 9 2.3 Closing; Effective Time 9 2.4 Merger Without Meeting of Stockholders 9 2.5 Certificate of Incorporation and Bylaws; Directors and Officers 10 2.6 Conversion of Shares 10 2.7 Surrender of Certificates; Stock Transfer Books 11 2.8 Appraisal Rights 13 2.9 Further Action 13 Section 3. LETTERS OF CREDIT 62 Representations and Warranties of the Company 13 3.1 Revolving L/C Commitments 62 Due Organization; Subsidiaries, Etc. 13 3.2 Certificate of Incorporation and Bylaws; Minutes 14 3.3 Capitalization, Etc. 14 3.4 SEC Filings; Financial Statements 16 3.5 Absence of Changes 19 3.6 Title to Assets 19 3.7 Real Property; Equipment 19 3.8 Intellectual Property 20 3.9 Contracts 23 3.10 Liabilities 26 3.11 Compliance with Legal Requirements 26 3.12 Regulatory Matters 27 3.13 Product Registration Files 29 3.14 Certain Business Practices 29 3.15 Communications 30 3.16 Tax Matters 30 3.17 Employee Matters; Benefit Plans 32 3.18 Environmental Matters 37 3.19 Insurance 38 3.20 Transactions with Affiliates 39 3.21 Legal Proceedings; Orders 39 3.22 Authority; Binding Nature of Agreement 39 3.23 Section 203 of the DGCL, Etc. Not Applicable 40 3.24 Vote Required 40 3.25 Non-Contravention; Consents 40 3.26 Fairness Opinion 41 3.27 Financial Advisor 41 3.28 Conflict Minerals 41 3.29 Disclosure 41 Section 4. REPRESENTATIONS AND WARRANTIES 72 Representations and Warranties of Parent and Purchaser 42 4.1 No Change 72 Due Organization 42 4.2 ExistencePurchaser 42 4.3 Authority; Compliance with Law 72 4.3 PowerBinding Nature of Agreement 42 4.4 Non-Contravention; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 Consents 43 4.5 Disclosure 43 4.6 Absence of Litigation 74 4.6 No Default 74 44 4.7 Financial Statements 74 Funds 44 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Common Stock 45 Section 5. CONDITIONS PRECEDENT 80 Certain Covenants of the Company 45 5.1 Conditions to Closing Date 80 Access and Investigation 45 5.2 Conditions to Each Extension Notification of Credit 83 Certain Events 46 5.3 Operation of the Company’s Business 46 5.4 No Solicitation 51 5.5 Third Party Notices 53 Section 6. AFFIRMATIVE COVENANTS 84 Additional Covenants of the Parties 53 6.1 Financial Statements 84 Filings and Approvals 53 6.2 Certificates; Other Information 85 Company Options, Company RSUs, Company PSUs, Company Stock Awards, ESPP Purchase Rights 55 6.3 Maintenance Employee Benefits 58 6.4 Compensation Arrangements 60 6.5 Indemnification of Existence; Compliance; Contractual Obligations 87Officers and Directors 60 6.6 Securityholder Litigation 62 6.7 Third Party Consents 62
Appears in 2 contracts
Sources: Merger Agreement (Amgen Inc), Merger Agreement (Onyx Pharmaceuticals Inc)
TABLE OF CONTENTS. DEFINITIONS 1 6 1.1 Defined Terms 1 6 1.2 Other Definitional Provisions 36 24 Section 2. 2 AMOUNT AND TERMS OF LOAN COMMITMENTS 38 24 2.1 Term Existing Obligations 24 2.2 [Reserved] 24 2.3 [Reserved] 24 2.4 Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 24 2.5 Procedure for Revolving Loan Borrowing 39 25 2.6 Fees 40 Commitment Fees, etc. 25 2.7 Optional Termination or Reduction of Commitments 41 26 2.8 Optional Prepayments 41 26 2.9 Mandatory Prepayments and Commitment Reductions 42 26 2.10 Conversion and Continuation Options 44 27 2.11 Limitations on Eurodollar Tranches 46 27 2.12 Interest Rates and Payment Dates 46 27 2.13 Computation of Interest and Fees 46 28 2.14 Inability to Determine Interest Rate 47 28 2.15 Pro Rata Treatment and Payments 48 28 2.16 Requirements of Law 50 29 2.17 Taxes 51 30 2.18 Indemnity 55 32 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement Joint and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Several Liability 32 Section 3. 3 LETTERS OF CREDIT 62 32 3.1 Revolving L/C Commitments 62 Commitment 32 3.2 Procedure for Issuance of Letters of Credit 33 3.3 L/C Fees and Other Charges 33 3.4 L/C Participations 33 3.5 L/C Reimbursement Obligation of the Borrowers 34 3.6 Obligations Absolute 34 3.7 Letter of Credit Payments 35 3.8 Applications 35 3.9 Existing Letters of Credit 35 Section 4. 4 REPRESENTATIONS AND WARRANTIES 72 35 4.1 Organization; Power and Authority 35 4.2 Due Authorization 36 4.3 Governmental Approval 36 4.4 Binding and Enforceable 36 4.5 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 Violation 36 4.6 No Default 74 36 4.7 Financial Statements 74 Litigation 36 4.8 Indebtedness 74 [Reserved] 36 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement Material Adverse Change 36 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Act 36 4.11 Environmental Matters 77 4.21 36 4.12 Accuracy of Information, Etcetc. 78 4.22 37 4.13 Employee Benefit Plans 37 4.14 Tax Returns and Payments 37 4.15 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines 37 4.16 Ownership of Business 80 4.29 Federal Taxpayer Identification Number 80 Property 37 Section 5. 5 CONDITIONS PRECEDENT 80 37 5.1 Conditions to Closing Date 80 of Initial Extension of Credit 37 5.2 Conditions to Each Extension of Credit 83 39 Section 6. 6 AFFIRMATIVE COVENANTS 84 40 6.1 Financial Statements 84 Compliance with Law; Maintenance of Existence 40 6.2 [Reserved] 40 6.3 Certificates; Other Information 85 6.3 40 6.4 Notices 40 6.5 Inspection 41 6.6 Maintenance of ExistenceProperty; ComplianceInsurance 41 6.7 [Subsequent Acquired Property; Contractual Obligations 87New Subsidiaries 41 6.8 Collateral Information 43 6.9 Further Assurances 43 6.10 Use of Proceeds 43 Section 7 [RESERVED] 43 Section 8 NEGATIVE COVENANTS 43 8.1 Debt 43 8.2 Restricted Payments 43 8.3 Liens 44 8.4 Mergers 47 8.5 Asset sales 47 8.6 Investments 47 8.7 Transactions with Affiliates 49 8.8 Sales and Leasebacks 49 8.9 Changes in Fiscal Periods 49 8.10 NRG Credit Agreement 49 Section 9 EVENTS OF DEFAULT 50 Section 10 THE ADMINISTRATIVE AGENT 52 10.1 Appointment 52 10.2 Delegation of Duties 53 10.3 Exculpatory Provisions 53 10.4 Reliance by Administrative Agent 53 10.5 Notice of Default 54 10.6 Non-Reliance on Administrative Agent and Other Lenders 54 10.7 Indemnification 54 10.8 Agent in Its Individual Capacity 55 10.9 Successor Administrative Agent 55 Section 11 MISCELLANEOUS 55 11.1 Amendments and Waivers 55 11.2 Notices 56
Appears in 2 contracts
Sources: Revolving Credit Agreement (NRG Energy, Inc.), Revolving Credit Agreement (Genon Americas Generation LLC)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 (Continued) Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment 4.4 Non-Contravention 11 Section 4.5 Capitalization 12 Section 4.6 Subsidiaries 12 Section 4.7 Past SEC Documents 13 Section 4.8 Financial Statements; Liabilities 14 Section 4.9 Disclosure Statements 14 Section 4.10 Absence of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Certain Changes 15 Section 4.11 Litigation 15 Section 4.12 Taxes 15 Section 4.13 Compliance with Laws; Licenses, Permits and Registrations 16 Section 4.14 Contracts 16 Section 4.15 Intellectual Property 17 Section 4.16 Required Vote 17 Section 4.17 Finders’ Fees; Opinion of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Committee Financial Advisor 17 Section 4.18 Section 203 of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. the DGCL 17 REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; OF PARENT, PURCHASER AND ▇▇▇▇▇▇▇ 18 Section 5.1 Existence and Power 18 Section 5.2 Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine Approvals 18 Section 5.3 Governmental Authorization 19 Section 5.4 Non-Contravention 19 Section 5.5 Information in Securities Filings 19 Section 5.6 Purchaser’s Operations 19 Section 5.7 Vote Required 20 Section 5.8 Finders’ Fees 20 Section 5.9 Financing 20 Section 5.10 Solvency 21 (NortheastContinued) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines COVENANTS 21 Section 6.1 Conduct of Business 80 4.29 Federal Taxpayer Identification Number 80 of the Company 21 Section 5. 6.2 Consents and Filings 22 Section 6.3 Indemnification; Insurance 23 Section 6.4 Other Proposals 24 Section 6.5 Public Announcements 27 Section 6.6 Employee Benefits 27 Section 6.7 Financing 28 Section 6.8 Cooperation with Financing Efforts 30 Section 6.9 Voting 32 CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 TO CONSUMMATION OF THE MERGER 33 Section 7.1 Conditions to Each Extension Party’s Obligation 33 Section 7.2 Condition to ▇▇▇▇▇▇▇’▇, Purchaser’s and Parent’s Obligation 33 Section 7.3 Condition to Company’s Obligation 34 TERMINATION; AMENDMENT; WAIVER 34 Section 8.1 Termination 34 Section 8.2 Effect of Credit 83 Termination 35 Section 68.3 Amendment 35 Section 8.4 Extension; Waiver 35 MISCELLANEOUS 36 Section 9.1 Nonsurvival of Representations, Warranties and Agreements 36 Section 9.2 Entire Agreement; Assignment 36 Section 9.3 Severability 37 Section 9.4 Notices 37 Section 9.5 Governing Law 38 Section 9.6 Submission to Jurisdiction 38 (Continued) Section 9.7 Descriptive Headings 39 Section 9.8 Parties in Interest 39 Section 9.9 Counterparts 39 Section 9.10 Expenses 39 Section 9.11 Purchaser Termination Fee 40 Section 9.12 Specific Performance 41 Section 9.13 Affiliates 42 Section 9.14 No Liability of Financing Sources 42 Exhibits: Exhibit A: Certificate of Incorporation of Surviving Corporation Schedules: Company Disclosure Schedule Terms Section Agreement Preamble Business Day 1.2 Certificate of Merger 1.3 Certificates 3.2(b) Closing 1.2 Closing Date 1.2 Commitment Letters 5.9 Committee Financial Advisor 4.17(a) Common Stock Recitals Company Preamble Company 10-K 4.8(a) Company Board Recitals Company Board Recommendation 4.2(b) Company Intellectual Property 4.15(a) Company Material Adverse Effect 4.1 Company Options 3.3(a) Company Performance Share Unit Awards 3.3(c) Company Required Governmental Consent 4.3 Company Restricted Stock Awards 3.3(b) Company Returns 4.12(b) Company RSUs 3.3(b) Company Stockholder Approval 4.16 Company Stockholders’ Meeting 2.2 Compliant 6.8 Constituent Corporations 1.1 Costs 6.3 D&O Insurance 6.3 Debt Commitment Letter 5.9 Debt Financing 5.9 Depositary 3.2(a) DGCL 1.1 Disinterested Stockholder Approval Recitals Disinterested Stockholders Recitals Dissenting Shares 3.1(a) DOJ 6.2 Effective Time 1.3 Environmental Laws 4.13(a) Equity Commitment Letter 5.9 Equity Financing 5.9 Exchange Act 2.1(a) Excluded Party 6.4(b) Expenses 9.10(a) Financing Sources 5.9 FTC 6.2 GAAP 4.8(a) Governmental Entity 4.3 HSR Act 4.3 Indemnified Parties 6.3 Intervening Event 6.4(b) June Balance Sheet 4.12(b) Knowledge 4.5(b) Lenders 5.9 Lien 4.4 LTIP 3.3(d) Marketing Period 6.8 Merger Recitals Merger Consideration 1.8(c) ▇▇▇▇▇▇▇ Preamble No-Shop Period Start Date 6.4(a) Notice of Board Action 6.4(c) Notice Period 6.4(c) Orders 4.11 Other Filings 2.1(a) Outside Date 8.1(b)(ii) Parent Preamble Parent Material Adverse Effect 5.1 Parent Required Governmental Consents 5.3 Parent Shares Recitals Past SEC Documents 4.7 Person 6.4(b) Preferred Stock 4.5(a) Proceedings 4.11 Proxy Statement 2.1(a) Proxy Statement Clearance Date 2.1(b) Purchaser Preamble Required Cash Amount 5.9 Required Information 6.8(b) Responsible Parties 6.4(a) Schedule 13E-3 2.1(a) SEC 2.1(a) Secretary 1.3 Section 203 4.18 Securities Act 4.3 Solvent 5.10 Special Committee Recitals Subsidiary 1.8(b) Superior Proposal 6.4(b) Surviving Corporation 1.1 Tax 4.12(a) Tax Returns 4.12(a) Taxing Authority 4.12(a) Termination Fee 9.11 Transaction Proposal 6.4(b) Treasury Shares 1.8(b) AGREEMENT AND PLAN OF MERGER dated as of August 11, 2013 (“Agreement”) among DFC Holdings, LLC, a Delaware limited liability company (“Parent”), DFC Merger Corp., a Delaware corporation (“Purchaser”), whose sole stockholder is Parent, ▇▇▇▇▇ ▇. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87▇▇▇▇▇▇▇, an individual (“▇▇▇▇▇▇▇”), and ▇▇▇▇ Food Company, Inc., a Delaware corporation (the “Company”).
Appears in 2 contracts
Sources: Merger Agreement (Dole Food Co Inc), Merger Agreement (Murdock David H)
TABLE OF CONTENTS. DEFINITIONS S. No. Contents Page No. 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section 22 Participating Interests 11 3 License and Exploration Period 12 5 Work Programme 15 6 Management Committee 17 7 Operatorship, Joint Operating Agreement and Operating Committee 19 8 General Rights and Obligations of the Parties 21 9 Government Assistance 23 10 Discovery, Development and Production 24 11 Petroleum Exploration License and Lease 27 12 Unit Development 29 13 Measurement of Petroleum 31 14 Protection of the Environment 32 15 Revenue Share 35 16 Taxes, Royalties, Duties Etc. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 37 18 Joint Development of Common Infrastructure 40 19 Valuation of Petroleum 41 20 Employment and Training 42 21 Local Goods and Services 43 22 Insurance and Indemnification 44 23 Records, Reports, Accounts and Revenue Audit 46 24 Information, Data, Confidentiality, Inspection and Security 47 25 Title to Petroleum, Data and Assets 51 26 Assignment of Participating Interest 52 27 Guarantees 55 28 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment and Termination of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction the Contract 57 29 Force Majeure 60 30 Applicable Law and Language of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments the Contract 62 31 Mediation, Conciliation, Sole Expert and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Arbitration 63 32 Change of Lending Office 56 2.20 Replacement Status of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement Members 65 33 Entire Agreement, Amendments, Waiver and Consent to Bail-In Miscellaneous 66 34 Certificates 67 35 Notices 68 36 Survival 69 37 Severance of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Invalid Provisions 70
Appears in 2 contracts
TABLE OF CONTENTS. ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 1.1 1.01. Defined Terms 1 1.2 1.02. Other Definitional Interpretive Provisions 36 Section 232 1.03. AMOUNT Accounting Terms 33 1.04. Uniform Commercial Code 34 1.05. Rounding 34 1.06. Foreign Currency 34 1.07. Division/Series Transactions 34 ARTICLE II THE COMMITMENTS AND TERMS OF LOAN COMMITMENTS 38 2.1 Term CREDIT EXTENSIONS 34 2.01. Loan Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 34 2.02. Borrowings of Loans 35 2.03. [Reserved] 35 2.04. [Reserved] 35 2.05. Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional 35 2.06. Prepayments 36 2.07. Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 37 2.08. Interest Rates and Payment Dates 46 2.13 37 2.09. Fees 38 2.10. Computation of Interest and Fees 46 2.14 Inability 39 2.11. Evidence of Debt; Promise to Determine Interest Rate 47 2.15 Pro Rata Treatment and Repay 39 2.12. Payments 48 2.16 Requirements Generally 39 2.13. Sharing of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Payments by Lenders 56 2.21 40 2.14. Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In 41 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 42 3.01. Taxes 42 3.02. [Reserved] 45 3.03. [Reserved] 45 3.04. Increased Costs 45 3.05. [Reserved] 46 3.06. Mitigation Obligations 46 3.07. Survival 46 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 46 4.01. Conditions of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Credit Extension 46 ARTICLE V REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 49 5.01. Existence; Compliance with Law 72 4.3 Power; , Qualification and Power 49 5.02. Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Contravention; Consents 49 5.03. Binding Effect 49 5.04. Financial Statements; No Material Adverse Effect 49 5.05. Litigation 74 4.6 50 5.06. No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 51 5.07. Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 51 5.08. Environmental Compliance 51 5.09. Insurance and Casualty 52 5.10. Taxes 74 4.12 Permits 75 4.13 Agreements52 5.11. ERISA Compliance 52 5.12. Subsidiaries; Equity Interests; Capitalization 53 5.13. Margin Regulations; Investment Company Act 53 5.14. Disclosure 53 5.15. Compliance with Laws and Applicable Regulations 54 5.16. Labor Matters 55 5.17. Use of Proceeds 56 5.18. Material Agreements 56 5.19. Validity, Perfection and Priority of Security Interests 56 5.20. Brokers 56 ARTICLE VI AFFIRMATIVE COVENANTS 56 6.01. Financial Statements 56 6.02. Other Information 57 6.03. Notices 58 6.04. Payment of Taxes 59 6.05. Preservation of Existence, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 59 6.06. Maintenance of Properties 60 6.07. Maintenance of Insurance; Condemnation Proceeds 60 6.08. Compliance with Laws Generally; Environmental Laws 61 6.09. Books and Records 61 6.10. Inspection Rights; Meetings with Administrative Agent; Board Observation Rights 61 6.11. Compliance with ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 62 6.12. Further Assurances 62 6.13. Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information63 6.14. Holdings Covenant 63 6.15. Senior Indebtedness 64 6.16. Compliance with Anti-Corruption Laws, AML Laws, Sanctions and Beneficial Ownership Regulation 64 6.17. Compliance with Material Contracts 64 6.18. Post-Closing Covenants 64 ARTICLE VII NEGATIVE COVENANTS 64 7.01. Indebtedness 64 7.02. Liens 66 7.03. Investments 67 7.04. Mergers, Dissolutions, Etc. 78 4.22 Security 68 7.05. Dispositions 69 7.06. Restricted Payments 70 7.07. Change in Nature of Business 71 7.08. Transactions with Affiliates 71 7.09. Inconsistent Agreements 71 7.10. Sale and Leaseback Transactions 72 7.11. Prepayment of Certain Indebtedness; Amendment to Subordinated Indebtedness and Organization Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; 72 7.12. Financial Covenants 73 7.13. Anti-Corruption Terrorism Laws and Sanctions Foreign Asset Control Regulations 73 7.14. Fiscal Year 74 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 74 8.01. Events of Default 74 8.02. Remedies Upon Event of Default 76 8.03. Application of Funds 77 8.04. Cure Right 77 ARTICLE IX ADMINISTRATIVE AGENT 79 9.01. Appointment and Authority; Limitations on Lenders 79 9.02. Rights as a Lender 79 9.03. Exculpatory Provisions 79 9.04. Reliance by Administrative Agent 80 4.28 Lines 9.05. Delegation of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Duties 81 9.06. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension Resignation of Credit 83 Section 6Administrative Agent 81 9.07. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Non-Reliance on Administrative Agent and Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Lenders 82 9.08. No Other Duties, Etc. 82
Appears in 1 contract
Sources: Credit Agreement (GSR II Meteora Acquisition Corp.)
TABLE OF CONTENTS. DEFINITIONS Section 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2 Basic Transaction 9 2.1 Term Commitments 38 Sale of Acquired Assets 9 2.2 Procedure for Term Loan Borrowing 38 Assumption of Assumed Liabilities 10 2.3 Repayment Post-Effective Date Adjustment and Payment 10 2.4 Adjustment to Company Balance Sheet 10 2.5 The Closing 10 2.6 Deliveries at the Closing 11 Section 3 Representations and Warranties 11 3.1 Organization, Qualification and Power 11 3.2 Authority 11 3.3 No Conflict or Violation; Consents 12 3.4 Acquired Assets and Assumed Liabilities 12 3.5 Financial Statements 12 3.6 Absence of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination Certain Changes or Reduction Events 13 3.7 Absence of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Undisclosed Liabilities 13 3.8 Tax Matters 13 3.9 Real Property 14 3.10 Personal Property 14 3.11 Intellectual Property 14 3.12 Licenses and Commitment Reductions 42 2.10 Conversion Permits 15 3.13 Compliance with Laws 15 3.14 Litigation 15 3.15 Contracts 15 3.16 Employee Plans 16 3.17 Insurance 18 3.18 Transactions with Sellers and Continuation Options 44 2.11 Affiliates 18 3.19 Labor and Employment Matters 18 3.20 Environmental, Health and Safety Matters 19 3.21 Accounts Receivable; Accounts Payable 19 3.22 No Brokers 19 3.23 Customer Relations 20 3.24 Parent Stock 20 3.25 Qualifications 20 Section 4 Representations and Warranties of the Buyer 20 4.1 Corporate Organization 20 4.2 Authorization 20 4.3 No Conflict or Violation 21 4.4 Consents and Approvals 21 4.5 No Brokers 21 4.6 Proxy Statements 21 Section 5 Covenants of the Parties 21 5.1 Restructuring Matters 21 5.2 Stockholder Approval Mechanics 22 5.3 Outstanding Debt 23 5.4 Corrections to Schedules 23 5.5 Covenant Not to Compete; Non-Solicitation 23 5.6 Compliance 24 5.7 Consents 24 5.8 Employee Benefit Matters 25 5.9 Employees 26 5.10 [Intentionally Deleted] 26 5.11 Break Up Fee 26 5.12 PUC Consents 27 5.13 Further Assurances 27 5.14 Confidentiality 27 5.15 Lien Releases and Debt Restructuring Matters 27 5.16 Proxy to Vote Shares 28 5.17 Guaranty 28 Section 6 Tax Matters 28 6.1 Transfer Taxes 28 6.2 Tax Returns and Contests 29 Section 7 Indemnification 29 7.1 Survival 29 7.2 Indemnification by the Seller Parties 30 7.3 Indemnification by the Buyer 30 7.4 Limitations on Eurodollar Tranches 46 2.12 Interest Rates Indemnification 31 7.5 Procedures for Indemnification 31 7.6 Character of Payments 32 7.7 Cooperation 32 7.8 Exclusive Remedy 33 Section 8 Conditions Precedent to Performance by the Seller Parties 33 8.1 Representations and Payment Dates 46 2.13 Computation Warranties of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements the Buyer 33 8.2 Performance of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change the Obligations of Lending Office 56 2.20 Replacement the Buyer 33 8.3 Transaction Documents 33 8.4 No Violation of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Orders 33 8.5 Required Consents 33 8.6 Buyer Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Opinion 34
Appears in 1 contract
Sources: Asset Purchase Agreement (Acceris Communications Inc)
TABLE OF CONTENTS. DEFINITIONS SECTION 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT - EFFECTIVE DATE AND DEFINED TERMS 5 SECTION 2 - SERVICES 6 2.1 Services Generally 6 2.2 Data Integrity and Information Security Measures 7 2.3 Scope of Services 10 SECTION 3 - TERM 10 3.1 Term 10 3.2 Termination 10 SECTION 4 - OUTSOURCING 11 4.1 Use of Third-Party Suppliers 11 SECTION 5 - FEES, EXPENSES, TAXES 11 5.1 Service Fees 11 5.2 Taxes 12 SECTION 6 - INTELLECTUAL PROPERTY RIGHTS 12 6.1 Software 12 6.2 Certain Work Product 13 6.3 Recipient Business Data 14 SECTION 7 - BOOKS AND RECORDS 14 7.1 Availability to Secretary and Others 14 7.2 Right to Inspect 14 SECTION 8 - INDEMNITY; INSURANCE 14 8.1 Indemnity 14 8.2 Insurance 15 SECTION 9 - WARRANTIES AND LIMITATIONS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment LIABILITY 16 9.1 Performance 16 9.2 Infringement 16 9.3 DISCLAIMER 16 9.4 Limitation of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Liability 16 SECTION 10 - CONFIDENTIALITY 17 10.1 Obligation to Observe Confidentiality 17 10.2 Protection 17 10.3 Exceptions 17 10.4 Return of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Confidential Information 17 10.5 Availability of Equitable Remedies 17 10.6 Reasonable Assistance 17 10.7 HIPAA Compliance 18 SECTION 11 - INDEPENDENT CONTRACTOR 18 SECTION 12 - MISCELLANEOUS 18 12.1 Force Majeure and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Manner of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements Service 18 12.2 Survival 18 12.3 Entirety of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Agreement 18 12.4 Benefit/Assignment 19 12.5 Governing Law; Jurisdiction, Consent to Bail-In Service of Affected Financial Institutions 60 2.23 Effect Process; Waiver of Benchmark Transition Event 61 Section 3Jury 19 12.6 Amendments and Waivers 20 12.7 Severability 20 12.8 No Third Party Beneficiaries 20 12.9 Counterparts 21 12.10 Definitional and Interpretive Matters 21 SCHEDULES Schedule 1.8 - Software Schedule 10.7 - Business Associate Agreement THIS SERVICES AGREEMENT (this “Agreement”) is made and entered into as of November 17, 2024 (the “Effective Date”), by and between ▇▇▇▇▇ Health Buyer, LLC, a Delaware limited liability company (as providing Services hereunder, “Provider”), and CareMax, Inc., a Delaware corporation (collectively with the Acquired Companies receiving Services hereunder, “Recipient”). LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine Provider and Recipient are referred to herein individually as a “Party” and together, the “Parties.” Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the CareMax Purchase Agreement (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87as defined below).
Appears in 1 contract
Sources: Services Agreement (CareMax, Inc.)
TABLE OF CONTENTS. ARTICLE I DEFINITIONS 1 2 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2 ARTICLE II INTERCREDITOR PROVISIONS 11 2.1 Term Commitments 38 Standstill 11 2.2 Procedure for Term Prohibition on Contesting Liens 12 2.3 Amendments to Loan Borrowing 38 2.3 Repayment Documents 13 2.4 Certain General Intercreditor Matters 13 ARTICLE III THE COLLATERAL AGENCY 14 3.1 Appointment 14 3.2 Exercise of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability Powers 14 ARTICLE IV SHARED SECURITY DOCUMENTS 14 4.1 General Relation to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines 14 4.2 Power of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Attorney 15 4.3 Certain Rights After Event of Default 15 4.4 Right to Initiate Judicial Proceedings 16 4.5 Right to Appoint a Receiver 16 4.6 Remedies Not Exclusive, etc. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension 16 4.7 Certain Waivers 17 4.8 No New Liens 18 4.9 Limitation on Collateral Agent’s Duty in Respect of Credit 83 Section 6Collateral 18 4.10 Fees, Taxes, etc. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 18 4.11 Maintenance of ExistenceLiens 19 4.12 Further Assurances 19 ARTICLE V DISTRIBUTIONS 19 5.1 Collateral Account 19 5.2 Investment 20 5.3 Deposits 20 5.4 Distributions 20 5.5 Calculations 21 5.6 Application of Monies 21 ARTICLE VI THE COLLATERAL AGENT 22 6.1 General Nature of Duties 22 6.2 General Exculpation 23 6.3 Certain Disclaimers 23 6.4 Right to Require Indemnity 23 6.5 Delegation of Duties 23 6.6 Reliance, etc. 24 6.7 Representations, etc. 24 6.8 Disclosure 24 6.9 Collateral Agent in Individual Capacity 25 6.10 Moneys to be Held As Agent 25 6.11 Responsible Parties 25 6.12 Intentionally Omitted 25 6.13 Expenses 25 6.14 Indemnity 25 6.15 Indemnification by Secured Creditors 26 6.16 Collateral Agent Obligations 26 6.17 Successor Collateral Agent 26 6.18 Co-Collateral Agent 28 6.19 Delivery of Documents 28 ARTICLE VII MISCELLANEOUS 28 7.1 Amendments, Supplements and Waivers 28 7.2 Notices 29 7.3 No Implied Waiver; Compliance; Contractual Cumulative Remedies 29 7.4 Severability 29 7.5 Prior Understandings 30 7.6 Survival 30 7.7 Counterparts 30 7.8 Termination of Liens 30 7.9 Successors and Assigns 30 7.10 Governing Law 30 7.11 Waiver of Right to Trial by Jury 31 7.12 Several Obligations 87of Controlled-Non Profits 31 This INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT, dated September , 2004, and entered into by and among STONEMOR GP LLC, a Delaware limited liability company (the “General Partner”), STONEMOR PARTNERS L.P., a Delaware limited partnership (the “Partnership”), STONEMOR OPERATING LLC, a Delaware limited liability company (the “Operating Company”), the subsidiaries of the Operating Company party to the Loan Documents (as defined below) (together with the Operating Company, each individually a “Borrower” and collectively, the “Borrowers”), the Lenders, the Noteholders, and FLEET NATIONAL BANK, a Bank of America company, a national banking association (“Fleet”), in its capacity as administrative agent for the Lender Creditors (as defined below) (together with its successors and assigns from time to time, the “Administrative Agent”), and in its capacity as collateral agent for the Secured Creditors (as defined below) (together with its successors and assigns from time to time, the “Collateral Agent”).
Appears in 1 contract
Sources: Intercreditor and Collateral Agency Agreement (Stonemor Partners Lp)
TABLE OF CONTENTS. ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 1.1 1.01. Defined Terms 1 1.2 1.02. Other Definitional Interpretive Provisions 36 Section 245 1.03. AMOUNT Accounting Terms 46 1.04. Uniform Commercial Code 47 1.05. Interest Rates 47 1.06. Foreign Currency 47 1.07. Times of Day 47 1.08. Divisions 48 ARTICLE II THE COMMITMENTS AND TERMS OF LOAN COMMITMENTS 38 2.1 Term CREDIT EXTENSIONS 48 2.01. Loan Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 48 2.02. Borrowings, Conversions and Continuations of Loans 48 2.03. Letters of Credit 50 2.04. Swing Line Loans 57 2.05. Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional 60 2.06. Prepayments 60 2.07. Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 62 2.08. Interest Rates and Payment Dates 46 2.13 62 2.09. Fees 63 2.10. Computation of Interest and Fees 46 2.14 65 2.11. Evidence of Debt 65 2.12. Payments Generally; Administrative Agent’s Clawback 66 2.13. Sharing of Payments by Lenders 68 2.14. Settlement Among Lenders 69 2.15. Nature and Extent of Each Borrower’s Liability 69 2.16. Cash Collateral 71 2.17. Defaulting Lenders 72 2.18. Increase in Revolving Credit Commitments or Incremental Term Facility 73 2.19. Prepayments Below Par 77 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 80 3.01. Taxes 80 3.02. Illegality 84 3.03. Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement Rates 84 3.04. Increased Costs; Reserves on SOFR Loans 85 3.05. Compensation for Losses 86 3.06. Reimbursement 87 3.07. Mitigation Obligations 87 3.08. Survival 87 3.09. Acknowledgment and Consent to Bail-In of Affected Financial Institutions 60 2.23 87 3.10. Effect of Benchmark Transition Event 61 Section 388 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 89 4.01. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4Conditions of Initial Credit Extension 89 4.02. Conditions to all Credit Extensions 91 ARTICLE V REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 92 5.01. Existence; Compliance with Law 72 4.3 Power; , Qualification and Power 92 5.02. Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Contravention; Consents 92 5.03. Binding Effect 92 5.04. Financial Statements; No Material Adverse Effect 93 5.05. Litigation 74 4.6 93 5.06. No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 93 5.07. Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 93 5.08. Environmental Compliance 94 5.09. Insurance and Casualty 94 5.10. Taxes 74 4.12 Permits 75 4.13 Agreements, Etc95 5.11. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Compliance 95 5.12. Subsidiaries; Equity Interests; Capitalization 96 5.13. Margin Regulations; Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, EtcAct 96 5.14. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Disclosure 96 5.15. Compliance with Laws; Anti-Corruption Terrorism Laws and Sanctions 80 4.28 Lines Foreign Asset Control Regulations 96 5.16. Labor Matters 97 5.17. [Reserved] 97 5.18. Intellectual Property 97 5.19. Senior Indebtedness 98 ARTICLE VI AFFIRMATIVE COVENANTS 98 6.01. Financial Statements 98 6.02. Other Information 99 6.03. Notices 100 6.04. Payment of Taxes and Assessments 101 6.05. Preservation of Existence, Etc 101 6.06. Maintenance of Properties 101 6.07. Maintenance of Insurance; Business Interruption Proceeds 102 6.08. Compliance with Laws Generally; Environmental Laws 102 6.09. Books and Records 102 6.10. Inspection Rights; Meetings with Administrative Agent 102 6.11. Compliance with ERISA 103 6.12. Further Assurances 103 6.13. Use of Proceeds 105 ARTICLE VII NEGATIVE COVENANTS 105 7.01. Indebtedness 105 7.02. Liens 109 7.03. Investments 112 7.04. Mergers, Dissolutions, Etc. 117 7.05. Dispositions 117 7.06. Restricted Payments 119 7.07. Change in Nature of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5122 7.08. CONDITIONS PRECEDENT 80 5.1 Conditions Transactions with Affiliates 122 7.09. Inconsistent Agreements 123 7.10. Reserved 124 7.11. Prepayment of Indebtedness; Amendment to Closing Date 80 5.2 Conditions Organization Documents; Payment of Earnouts and Other Deferred Purchase Price Obligations 124 7.12. Financial Covenants 125 7.13. Anti-Terrorism Laws and Foreign Asset Control Regulations 126 7.14. Fiscal Year 126 7.15. Holdings Covenant 126 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 127 8.01. Events of Default 127 8.02. Remedies Upon Event of Default 129 8.03. Application of Funds 129 8.04. Equity Cure Right 131 ARTICLE IX ADMINISTRATIVE AGENT 132 9.01. Appointment and Authority; Limitations on Lenders 132 9.02. Rights as a Lender 133 9.03. Exculpatory Provisions 133 9.04. Reliance by Administrative Agent 134 9.05. Delegation of Duties 134 9.06. Resignation of Administrative Agent 134 9.07. Non-Reliance on Administrative Agent and Other Lenders 135 9.08. No Other Duties, Etc 135 9.09. Administrative Agent May File Proofs of Claim; Credit Bidding 135 9.10. Collateral Matters 136 9.11. Other Collateral Matters 137 9.12. Right to Each Extension Perform, Preserve and Protect 137 9.13. Credit Product Providers and Credit Product Arrangements 138 9.14. Designation of Credit 83 Section 6Additional Agents 139 9.15. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesAuthorization to Enter into Intercreditor Agreements and Subordination Agreements 139 9.16. Recovery of Erroneous Payments 139 ARTICLE X MISCELLANEOUS 142 10.01. Amendments, Etc 142 10.02. Notices; Other Information 85 6.3 Maintenance of ExistenceEffectiveness; Compliance; Contractual Obligations 87Electronic Communication 146
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS Page 1. Purchase and Sale of 1 1.1 Defined Terms Sale and Issuance of 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 ExistenceClosing; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Delivery 1 1.3 Use of Proceeds 77 4.20 2 1.4 Defined Terms Used in this Agreement 3 2. Representations and Warranties of the Company 5 2.1 Organization, Good Standing, Corporate Power and Qualification 5 2.2 Capitalization 6 2.3 Subsidiar 6 2.4 Authorization 7 2.5 Valid Issuance of Securities 7 2.6 Governmental Consents and Filings 7 2.7 Litigation 7 2.8 Intellectual Property 8 2.9 Compliance with Other Instruments 10 2.10 Agreements; Actions 11 2.11 Certain Transactions 11 2.12 Rights of Registration and Voting Rights 11 2.13 Property 11 2.14 Financial Statements 12 2.15 Employee Matters 14 2.16 Tax Returns and Payments 14 2.17 Insurance 15 2.18 Employee Agreements 15 2.19 Permits 15 2.20 Corporate Documents 15 2.21 Environmental Matters 77 4.21 Accuracy and Safety Laws 15 2.23 Health Canada and FDA 16 2.29 Data Privacy 18 2.33 Disclosure 19 3. Representations and Warranties of Information, Etcthe Purchasers 19 3.1 Authorization 19 3.2 Purchase Entirely for Own Account 19 3.3 Disclosure of Information 20 3.4 Information on Purchaser 20 3.5 High Risk and Speculative Investment 20 3.6 Restricted Securities 21 3.9 General Solicitation 21 3.10 For ERISA plans only 21 3.11 Disqualification 21 3.12 Best Interest Supplement 21 3.13 Legends 22 3.14 Foreign Investors 22 3.15 No General Solicitation 22 3.16 Exculpation Among Purchasers 22 3.17 Residence and Location 23 4. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to the Purchasers’ Obligations at Closing Date 80 23 4.1 Representations and Warranties 23 4.2 Performance 23 4.3 Compliance Certificate 23 4.4 Qualifications 23 4.5 Certain Transaction Agreement 23 4.8 Proceedings and Documents 24 5.1 Representations and Warranties 24 5.2 Conditions to Each Extension of Credit 83 Section Performance 24 5.3 Qualifications 24 5.4 Registration Rights Agreement 24 6. AFFIRMATIVE COVENANTS 84 6.1 Intentionally Omitted 24 7. Miscellaneous 24 7.1 Survival of Warranties 24 7.3 Successors and Assigns 25 7.4 Governing Law 25 7.5 Counterparts 25 7.6 Titles and Subtitles 25 7.7 Notices 26 7.8 Amendments and Waivers 26 7.9 Attorneys’ Fees 26 7.13 Severability 26 7.14 Delays or Omissions 26 7.15 Entire Agreement 26 7.16 No Commitment for Additional Financing 27 Exhibit A – Form of Warrant Exhibit B – Schedule of Purchasers Exhibit C – Disclosure Schedule Exhibit D – Private Placement Memorandum Exhibit E – Investor Questionnaire Exhibit F – Investor Presentation Exhibit G – Unaudited Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Annexes to the Private Placement Memorandum referenced herein Annex C Registration Rights Agreement Annex E Risk Factors This Unit Purchase Agreement (this “Agreement”) is made as of Existence; Compliance; Contractual Obligations 87the date last provided on the signature pages hereof by and among ProMIS Neurosciences Inc., a corporation incorporated under the Canada Business Corporations Act (the “Company”), and those parties listed on the Schedule of Purchasers attached to this Agreement (each a “Purchaser” and together the “Purchasers”).
Appears in 1 contract
Sources: Unit Purchase Agreement (ProMIS Neurosciences Inc.)
TABLE OF CONTENTS. SECTION 1 DEFINITIONS 1 5 1.1 Defined Terms 1 5 1.2 Other Definitional Provisions 36 Section 2. 21 1.3 Accounting Terms 21 1.4 Exchange Rates; Currency Equivalents 22 1.5 Computation of Dollar Amounts 22 SECTION 2 AMOUNT AND TERMS OF LOAN COMMITMENTS 38 22 2.1 Term Commitments 38 22 2.2 Revolving Credit Notes 23 2.3 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 23 2.4 Revolving Commitments 39 Fees 24 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional 25 2.6 Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 25 2.7 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar 26 2.8 Minimum Amounts of Tranches 46 2.12 27 2.9 Interest Rates and Payment Dates 46 2.13 27 2.10 Computation of Interest and Fees 46 2.14 28 2.11 Inability to Determine Interest Rate 47 2.15 29 2.12 Pro Rata Treatment and Payments 48 2.16 29 2.13 Illegality 32 2.14 Requirements of Law 50 33 2.15 Taxes 34 2.16 Indemnity 35 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In Action of Affected Financial Institutions 60 Banks 36 2.18 Bid Loans 36 2.19 Swing Line Commitments 39 2.20 Increase of Commitments 42 2.21 Payment in Full at Maturity 43 2.22 Letter of Credit Subfacility 43 2.23 Effect Indemnification; Nature of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Issuing Lender’s Duties 46 SECTION 3 REPRESENTATIONS AND WARRANTIES 72 4.1 48 3.1 Financial Condition 48 3.2 No Change 72 4.2 48 3.3 Corporate Existence; Compliance with Law 72 4.3 48 3.4 Corporate Power; Authorization; Enforceable Obligations 73 4.4 48 3.5 No Legal Bar 73 4.5 49 3.6 No Material Litigation 74 4.6 49 3.7 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 49 3.8 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 49 3.9 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 49 3.10 ERISA 76 4.17 50 3.11 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use 50 3.12 Purpose of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of InformationLoans 50 3.13 Disclosure 50 3.14 Ranking 50 3.15 Compliance with OFAC, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. FCPA 50 SECTION 4 CONDITIONS PRECEDENT 80 5.1 51 4.1 Conditions to Closing Date 80 5.2 Effectiveness 51 4.2 Conditions to Each Extension of Credit 83 Section 6. Loan 52 SECTION 5 AFFIRMATIVE COVENANTS 84 6.1 53 5.1 Financial Statements 84 6.2 53 5.2 Certificates; Other Information 85 6.3 54 5.3 Conduct of Business and Maintenance of ExistenceExistence 55 5.4 Inspection of Property; ComplianceBooks, Records and Discussions 55 5.5 Notices 55 SECTION 6 NEGATIVE COVENANTS 56 6.1 Limitation on Significant Subsidiary Indebtedness 56 6.2 Limitation on Liens 56 6.3 Limitation on Sales and Leasebacks 58 6.4 Limitations on Fundamental Changes 58 6.5 Limitations on Restrictions on Dividends 59 SECTION 7 EVENTS OF DEFAULT 59 SECTION 8 THE ADMINISTRATIVE AGENT 62 8.1 Appointment 62 8.2 Delegation of Duties 62 8.3 Exculpatory Provisions 62 8.4 Reliance by Administrative Agent 62 8.5 Notice of Default 63 8.6 Non-Reliance on Administrative Agent and Other Banks 63 8.7 Indemnification 64 8.8 Administrative Agent in Its Individual Capacity 64 8.9 Successor Administrative Agent 64 8.10 Syndication Agent, etc. 65 SECTION 9 MISCELLANEOUS 65 9.1 Amendments and Waivers 65 9.2 Notices 66 9.3 No Waiver; Contractual Obligations 87Cumulative Remedies 67 9.4 Survival of Representations and Warranties 67 9.5 Payment of Expenses and Taxes 67 9.6 Successors and Assigns; Participations; Purchasing Banks 68 9.7 Adjustments; Set-off 72 9.8 Table of Contents and Section Headings 72 9.9 Confidentiality 73 9.10 Patriot Act Notice 73 9.11 Counterparts 73 9.12 Severability 73 9.13 Integration 74 9.14 GOVERNING LAW 74 9.15 Submission To Jurisdiction; Waivers 74 9.16 Acknowledgements 74 9.17 WAIVERS OF JURY TRIAL 75 9.18 Effectiveness 75 9.19 Judgment Currency 75 Schedule 1.1 Banks and Commitments Schedule 3.6 Material Litigation Exhibit A Revolving Credit Note Exhibit B Borrowing Certificate Exhibit C Opinion of Counsel Exhibit D Commitment Transfer Supplement Exhibit E Bid Note Exhibit F Bid Quote Exhibit G Bid Loan Confirmation Exhibit H Bid Loan Request Exhibit I Form of Swing Line Note Exhibit J Form of Commitment Increase Supplement Exhibit K Form of Account Designation Letter CREDIT AGREEMENT, dated as of October 24, 2005, among FIRST DATA CORPORATION, a Delaware corporation (the “Company”), the several banks and other financial institutions from time to time parties to this Agreement (the “Banks”), WACHOVIA BANK, NATIONAL ASSOCIATION, in its capacity as the Swing Line Bank (in such capacity, together with its successors in such capacity, the “Swing Line Bank”), WACHOVIA BANK, NATIONAL ASSOCIATION AND ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, in their capacity as Issuing Lenders (in such capacity, together with their successors in such capacity, the “Issuing Lenders”), ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, as syndication agent (in such capacity, the “Syndication Agent”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for the Banks hereunder (in such capacity, the “Administrative Agent”).
Appears in 1 contract
Sources: Credit Agreement (First Data Corp)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Filing of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Financing Statements; Commercial Tort Claims; Delivery of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Additional Documentation Required 52 4.5 Power of Attorney 53 4.6 Right to Inspect and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Verify 54 4.7 Control Agreements 54 4.8 Servicing of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements Notes Receivable 54 4.9 Release of Law 50 2.17 Taxes 51 2.18 Indemnity Notes Receivable 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 45. REPRESENTATIONS AND WARRANTIES 72 4.1 55 5.1 No Change 72 4.2 ExistenceEncumbrances 55 5.2 Eligible Notes Receivables 55 5.3 Equipment 56 5.4 Location of Collateral 56 5.5 Records 56 5.6 State of Incorporation; Compliance with Law 72 4.3 PowerLocation of Chief Executive Office; Organizational Identification Number; Commercial Tort Claims 56 5.7 Due Organization and Qualification; Subsidiaries 56 5.8 Due Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Conflict 57 5.9 Litigation 74 4.6 58 5.10 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Material Adverse Change 58 5.11 Fraudulent Transfer 58 5.12 Employee Benefits 58 5.13 Environmental Condition 58 5.14 Brokerage Fees 59 5.15 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements59 5.16 Leases 59 5.17 Deposit Accounts and Securities Accounts 59 5.18 Complete Disclosure 59 5.19 Indebtedness 60 5.20 Compliance 60 5.21 Servicing 60 5.22 Permits, Licenses, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 60 5.23 Margin Stock 60 5.24 Holding Company and Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section Acts 61 6. AFFIRMATIVE COVENANTS 84 61 6.1 Accounting System 61 6.2 Collateral Reporting 61 6.3 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Statements, Reports, Certificates 62 6.4 Notices Regarding Collections Servicing Staff 64 6.5 Collection of Notes Receivable 64 6.6 Maintenance of ExistenceProperties 65 6.7 Taxes 65 6.8 Insurance 65 6.9 Location of Collateral 66 6.10 Compliance with Laws 66 6.11 Leases 66 6.12 Existence 66 6.13 Environmental 67 6.14 Disclosure Updates 67 6.15 Formation of Subsidiaries 67 6.16 Required Asset Documents 68 6.17 Sale and Servicing Agreement 68 6.18 Escrow Deposits 68 6.19 Maintenance of Treasury Management Accounts at ▇▇▇▇▇ Fargo 68 7. NEGATIVE COVENANTS 68 7.1 Indebtedness 68 7.2 Liens 69 7.3 Restrictions on Fundamental Changes 69 7.4 Disposal of Assets 69 7.5 Change Name 70 7.6 Nature of Business 70 7.7 Prepayments and Amendments 70 7.8 Change of Control 70 7.9 Required Procedures 70 7.10 Restricted Payments 70 7.11 Accounting Methods 70 7.12 Investments 71 7.13 Transactions with Affiliates 71 7.14 Use of Proceeds 71 7.15 Collateral with Bailees 71 7.16 Financial Covenants 71 7.17 Certain Borrower and HTGC Portfolio Covenants 72 7.18 Sale and Servicing Agreement 73 8. EVENTS OF DEFAULT 73 9. THE LENDER GROUP’S RIGHTS AND REMEDIES 76 9.1 Rights and Remedies 76 9.2 Remedies Cumulative 78 10. TAXES AND EXPENSES 79 11. WAIVERS; ComplianceINDEMNIFICATION 79 11.1 Demand; Contractual Obligations 87Protest; etc 79 11.2 The Lender Group’s Liability for Borrower Collateral 79 11.3 Indemnification 79 12. NOTICES 80 13. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER 81 14. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS 82 14.1 Assignments and Participations 82 14.2 Successors 84 15. AMENDMENTS; WAIVERS 85 15.1 Amendments and Waivers 85 15.2 Replacement of Holdout Lender 86 15.3 No Waivers; Cumulative Remedies 86 16. AGENT; THE LENDER GROUP 87 16.1 Appointment and Authorization of Agent 87 16.2 Delegation of Duties 87 16.3 Liability of Agent 88 16.4 Reliance by Agent 88 16.5 Notice of Default or Event of Default 88 16.6 Credit Decision 89 16.7 Costs and Expenses; Indemnification 89 16.8 Agent in Individual Capacity 90 16.9 Successor Agent 90 16.10 Lender in Individual Capacity 91 16.11 Withholding Taxes 91 16.12 Collateral Matters 93 16.13 Restrictions on Actions by Lenders; Sharing of Payments 94 16.14 Agency for Perfection 95 16.15 Payments by Agent to the Lenders 95 16.16 Concerning the Collateral and Related Loan Documents 95
Appears in 1 contract
Sources: Loan and Security Agreement (Hercules Technology Growth Capital Inc)
TABLE OF CONTENTS. I DEFINITIONS 1 1.1 Defined Accounting Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 General Terms 1 1.3 Uniform Commercial Code Terms 27 1.4 Certain Matters of Construction 28 II ADVANCES, PAYMENTS 29 2.1 Term Commitments 38 Revolving Advances 29 2.2 Procedure for Term Loan Revolving Advances Borrowing 38 30 2.3 Disbursement of Advance Proceeds 32 2.4 [Reserved.] 32 2.5 Maximum Advances 32 2.6 Repayment of Term Loans Advances 32 2.7 Repayment of Excess Advances 33 2.8 Statement of Account 33 2.9 Letters of Credit 33 2.10 Issuance of Letters of Credit 34 2.11 Requirements For Issuance of Letters of Credit 34 2.12 Disbursements, Reimbursement 35 2.13 Repayment of Participation Advances 36 2.14 Documentation 36 2.15 Determination to Honor Drawing Request 37 2.16 Nature of Participation and Reimbursement Obligations 37 2.17 Indemnity 38 2.4 Revolving Commitments 2.18 Liability for Acts and Omissions 39 2.5 Procedure for Revolving Loan 2.19 Additional Payments 40 2.20 Manner of Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments and Payment 41 2.8 Optional Prepayments 41 2.9 2.21 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 2.22 Use of Proceeds 43 2.23 Defaulting Lender 43 III INTEREST AND FEES 44 2.11 Limitations on Eurodollar Tranches 46 2.12 3.1 Interest Rates and Payment Dates 46 2.13 44 3.2 Letter of Credit Fees 45 3.3 [Reserved.] 45 3.4 Fee Letter 45 3.5 Computation of Interest and Fees 46 2.14 Inability to Determine 3.6 Maximum Charges 46 3.7 Increased Costs 47 3.8 Basis For Determining Interest Rate Inadequate or Unfair 47 2.15 Pro Rata Treatment 3.9 Capital Adequacy 48 3.10 Gross Up for Taxes 48 3.11 Withholding Tax Exemption ▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇: GENERAL TERMS 50 4.1 Security Interest in the Collateral 50 4.2 Perfection of Security Interest 50 4.3 Disposition of Assets 50 4.4 Preservation of Collateral 50 4.5 Ownership of Collateral 51 4.6 Defense of Agent’s and Payments 48 2.16 Requirements Lenders’ Interests 51 4.7 Books and Records 52 4.8 Financial Disclosure 52 4.9 Compliance with Laws 52 4.10 Inspection of Law 50 2.17 Premises 53 4.11 Insurance 53 4.12 Failure to Pay Insurance 54 4.13 Payment of Taxes 51 2.18 Indemnity 55 2.19 Change 54 4.14 Payment of Lending Office 56 2.20 Replacement Leasehold Obligations 54 4.15 Receivables 54 4.16 Inventory 57 4.17 Maintenance of Lenders 56 2.21 Defaulting Lenders Equipment 57 2.22 Acknowledgement and Consent to Bail-In 4.18 Exculpation of Affected Financial Institutions Liability 58 4.19 Environmental Matters 58 4.20 Financing Statements 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. 4.21 Vehicle Titles 60 V REPRESENTATIONS AND WARRANTIES 60 5.1 Authority 60 5.2 Formation and Qualification 61 5.3 Survival of Representations and Warranties 61 5.4 Tax Returns 61 5.5 Financial Statements 62 5.6 Entity Name 62 5.7 O.S.H.A. and Environmental Compliance 63 5.8 Solvency; No Litigation, Violation, Indebtedness or Default 63 5.9 Patents, Trademarks, Copyrights and Licenses 64 5.10 Licenses and Permits 65 5.11 Default of Indebtedness 65 5.12 No Default 65 5.13 No Burdensome Restrictions 65 5.14 No Labor Disputes 65 5.15 Margin Regulations 66 5.16 Investment Company Act 66 5.17 Disclosure 66 5.18 Delivery of Convertible Senior Notes Documentation 66 5.19 Swaps 66 5.20 Conflicting Agreements 66 5.21 Application of Certain Laws and Regulations 66 5.22 Business and Property of Borrowers 67 5.23 Section 20 Subsidiaries 67 5.24 Anti-Terrorism Laws 67 5.25 Trading with the Enemy 68 5.26 Inactive Subsidiaries 68 VI AFFIRMATIVE COVENANTS 68 6.1 Payment of Fees 68 6.2 Conduct of Business and Maintenance of Existence and Assets 68 6.3 Violations 68 6.4 Government Receivables 68 6.5 Financial Covenants 69 6.6 Execution of Supplemental Instruments 69 6.7 Payment of Indebtedness 69 6.8 Standards of Financial Statements 69 6.9 [Reserved] 69 6.10 Exercise of Rights 69 6.11 Nature of Business 69 6.12 Subsidiaries 69 6.13 Post-Closing Obligations 70 VII NEGATIVE COVENANTS 70 7.1 Merger, Consolidation, Acquisition and Sale of Assets 70 7.2 Creation of Liens 70 7.3 Guarantees 70 7.4 Investments 71 7.5 Loans 71 7.6 Capital Expenditures 71 7.7 Dividends 71 7.8 Indebtedness 71 7.9 Nature of Business 72 4.1 No Change 7.10 Transactions with Affiliates 72 4.2 Existence; 7.11 [Reserved.] 72 7.12 Subsidiaries 72 7.13 Fiscal Year and Accounting Changes 73 7.14 Pledge of Credit 73 7.15 Amendment of Organizational Documents 73 7.16 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations ERISA 73 4.4 No Legal Bar 7.17 Prepayment of Indebtedness 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; 7.18 Anti-Corruption Terrorism Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. 73 7.19 Membership/Partnership Interests 74 7.20 Trading with the Enemy Act 74 7.21 Convertible Senior Notes 74 7.22 Other Agreements 74 7.23 Inactive Subsidiaries 74 VIII CONDITIONS PRECEDENT 80 5.1 74 8.1 Conditions to Closing Date 80 5.2 Initial Advances 74 8.2 Conditions to Each Extension Advance 78 IX INFORMATION AS TO CREDIT PARTIES 79 9.1 Disclosure of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Material Matters 79 9.2 Schedules 79 9.3 Environmental Reports 80 9.4 Litigation 80 9.5 Material Occurrences 80 9.6 Government Receivables 80 9.7 Annual Financial Statements 80 9.8 Quarterly Financial Statements 81 9.9 Monthly Financial Statements 81 9.10 Other Reports 81 9.11 Additional Information 81 9.12 Projected Operating Budget 81 9.13 Variances From Operating Budget 82 9.14 Notice of Suits, Adverse Events 82 9.15 ERISA Notices and Requests 82 9.16 Additional Documents 83 9.17 Appraisals and Field Examinations 83 X EVENTS OF DEFAULT 83 10.1 Nonpayment 83 10.2 Breach of Representation 83 10.3 Financial Information 83 10.4 Judicial Actions 83 10.5 Noncompliance 83 10.6 Judgments 84 6.2 Certificates10.7 Bankruptcy 84 10.8 Inability to Pay 84 10.9 Subsidiary Bankruptcy 84 10.10 Material Adverse Effect 84 10.11 Lien Priority 84 10.12 Convertible Senior Loan Default 84 10.13 Enforceability of Intercreditor Agreement 85 10.14 Cross Default 85 10.15 Breach of Guaranty 85 10.16 Change of Control 85 10.17 Invalidity 85 10.18 Licenses 85 10.19 Seizures 85 10.20 Operations 85 10.21 Pension Plans 86 XI LENDERS’ RIGHTS AND REMEDIES AFTER DEFAULT 86 11.1 Rights and Remedies 86 11.2 Agent’s Discretion 87 11.3 Setoff 88 11.4 Rights and Remedies not Exclusive 88 11.5 Allocation of Payments After Event of Default 88 XII WAIVERS AND JUDICIAL PROCEEDINGS 89 12.1 Waiver of Notice 89 12.2 Delay 89 12.3 Jury Waiver 89 XIII EFFECTIVE DATE AND TERMINATION 89 13.1 Term 89 13.2 Termination 90 XIV REGARDING AGENT 90 14.1 Appointment 90 14.2 Nature of Duties 90 14.3 Lack of Reliance on Agent and Resignation 91 14.4 Certain Rights of Agent 91 14.5 Reliance 92 14.6 Notice of Default 92 14.7 Indemnification 92 14.8 Agent in its Individual Capacity 92 14.9 Delivery of Documents 93 14.10 Borrowers’ Undertaking to Agent 93 14.11 No Reliance on Agent’s Customer Identification Program 93 14.12 Other Agreements 93 XV BORROWING AGENCY PROVISION AND COMMON ENTERPRISE 93 15.1 Borrowing Agency Provisions 93 15.2 Waiver of Subrogation 94 15.3 Common Enterprise 94 XVI MISCELLANEOUS 95 16.1 Governing Law 95 16.2 Entire Understanding 95 16.3 Successors and Assigns; Other Participations; New Lenders 98 16.4 Application of Payments 100 16.5 Indemnity 100 16.6 Notice 101 16.7 Survival 103 16.8 Severability 103 16.9 Expenses 104 16.10 Injunctive Relief 104 16.11 Consequential Damages 104 16.12 Captions 104 16.13 Counterparts; Facsimile Signatures 104 16.14 Construction 104 16.15 Confidentiality; Sharing Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87104 16.16 Publicity 105
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Flotek Industries Inc/Cn/)
TABLE OF CONTENTS. SECTION 1 RECITALS 1 SECTION 2 DEFINITIONS 1 1.1 Defined Terms 1 1.2 SECTION 3 LOAN TERMS 22 3.1 Commitments, Loans and Notes 22 3.2 Interest Rates, Late Charges 23 3.3 Payments 25 3.4 Prepayments 25 3.5 Intentionally Deleted. 25 3.6 Payments, Fees and Other Definitional General Provisions 36 Section 225 3.7 Defaulting Lenders. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 29 3.8 Divisions 30 3.9 Taxes. 30 3.10 Funding Losses; Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement Lenders. 33 3.11 Benchmark Replacement Setting; Benchmark Conforming Changes 36 SECTION 4 CONDITIONS TO LOAN OPENING DATE 37 4.1 The Loan Documents. The Loan Documents. 37 4.2 Survey 37 4.3 Insurance 38 4.4 Title Policy 38 4.5 Title Documents 39 4.6 Recorded Documents 39 4.7 Searches 39 4.8 Opinions 39 4.9 Flood Hazards 39 4.10 Organizational Documents 39 4.11 Environmental Report 40 4.12 No Material Adverse Occurrences 40 4.13 Appraisal 40 4.14 Intentionally Deleted. 40 4.15 Leases 40 4.16 SNDAs and Consent to BailTenant Estoppels 40 4.17 Rent Roll 40 4.18 Intentionally Deleted. 40 4.19 Rate Management Agreement 40 4.20 Intentionally Deleted. 40 4.21 Intentionally Deleted 40 4.22 Property Management Contract 40 4.23 Estoppels 41 4.24 Certificate of Beneficial Ownership 41 4.25 Post-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3Closing Items. LETTERS 41 SECTION 5 DISBURSEMENT OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. THE LOAN 41 5.1 Conditions Precedent in General 41 SECTION 6 REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence42 6.1 Organization of Parties 42 6.2 Title 42 6.3 Declaration 42 6.4 Validity and Enforceability of Documents 42 6.5 Litigation and Liens 43 6.6 Utilities; Authorities 43 6.7 Solvency 43 6.8 Financial Statements 43 6.9 Compliance with Law 72 4.3 PowerLaws 43 6.10 Event of Default 44 6.11 Leases 44 6.12 Additional Agreements 44 6.13 Separate Tax Parcel 44 6.14 Rent Roll 44 SECTION 7 BORROWER'S COVENANTS; AuthorizationSECURITY INTERESTS 44 7.1 Compliance with Laws 44 7.2 Inspection 44 7.3 Appraisal 45 7.4 Liens 45 7.5 Concerning the Premises. 45 7.6 Financial Statements; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Reports 46 7.7 Affirmation of Representations and Warranties 46 7.8 Taxes and Assessments 47 7.9 Proceedings Affecting Property 47 7.10 Disposal and Encumbrance of Property 47 7.11 Insurance. 47 7.12 Performance of Obligations; Notice of Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership 49 7.13 Restrictions Affecting Obligors 49 7.14 Use of PropertyReceipts; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Bank Accounts; Limitation on Distributions 49 7.15 Additional Documents 50 7.16 Ineligible Securities 51 7.17 Patriot Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML LawsSanctions; Anti-Corruption Laws and Sanctions 80 4.28 Lines Corruption; Beneficial Ownership. 51 7.18 Loan Expenses 51 7.19 Management 51 7.20 Single Asset Entity 52 7.21 No Debt 52 7.22 Use of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Loan Advances 52 7.23 Financial Covenants. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 652 7.24 Approved Leases. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8753 7.25 Reserved 55 7.26 Cash Management. 55
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 ARTICLE I Definitions and Accounting Terms 2 SECTION 1.1 Defined Terms 1 2 SECTION 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS Use of Defined Terms 28 SECTION 1.3 Certain Rules of Construction 28 SECTION 1.4 Accounting Determinations 29 ARTICLE II FUNDING OF LOAN COMMITMENTS 38 LOANS 29 SECTION 2.1 Term Commitments 38 Amount and Terms of Loans 29 SECTION 2.2 Procedure for Notes 32 SECTION 2.3 Termination of Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 Commitments 32 SECTION 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Continuation and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Elections 33 ARTICLE III Payments, Interest and Fees 46 2.14 34 SECTION 3.1 Repayments and Prepayments 34 SECTION 3.2 Interest Provisions 36 SECTION 3.3 Commitment Fee 37 ARTICLE IV YIELD PROTECTION, TAXES AND RELATED PROVISIONS 37 SECTION 4.1 Eurodollar Rate Lending Unlawful 37 SECTION 4.2 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment Rates 37 SECTION 4.3 Capital Adequacy and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Other Adjustments 38 SECTION 4.4 Funding Losses 39 SECTION 4.5 Mitigation Obligations; Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In Lender 39 SECTION 4.6 Taxes 40 SECTION 4.7 Payments, Interest Calculations, etc 44 SECTION 4.8 Sharing of Affected Financial Institutions 60 2.23 Effect Payments 45 SECTION 4.9 Right of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement Setoff 46 SECTION 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. 46 SECTION 4.11 Payment Reliance 46 SECTION 4.12 Defaulting Lenders 47 ARTICLE V CONDITIONS PRECEDENT 80 TO INITIAL FUNDING DATE 49 SECTION 5.1 Conditions to Closing Date 80 49 SECTION 5.2 Conditions to Each Extension the making of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 all Borrowings on the Revolving Loans 55 ARTICLE VI Representations and Warranties 56 SECTION 6.1 Financial Statements 84 Organization, etc 56 SECTION 6.2 CertificatesDue Authorization, Non-Contravention, etc 57 SECTION 6.3 Required Approvals 57 SECTION 6.4 Validity, etc 58 SECTION 6.5 No Material Liabilities 58 SECTION 6.6 No Material Adverse Change, etc 58 SECTION 6.7 Litigation, Labor Matters, etc 58 SECTION 6.8 Capitalization 59 SECTION 6.9 Compliance with Laws, etc 59 SECTION 6.10 Properties, Permits, etc 59 SECTION 6.11 Taxes, etc 60 SECTION 6.12 ERISA 61 SECTION 6.13 Environmental Warranties 61 SECTION 6.14 Accuracy of Information 62 SECTION 6.15 Transaction Agreement, etc 63 SECTION 6.16 Absence of Default and Restrictions 63 SECTION 6.17 Margin Regulations; Other Information 85 6.3 Maintenance of ExistenceBank Secrecy Act, etc 64 SECTION 6.18 Investment Company Status 64 SECTION 6.19 Material Agreements; ComplianceGovernmental Approvals 64 SECTION 6.20 Solvency 65 SECTION 6.21 Insurance 65 SECTION 6.22 Affiliate Transactions 65 SECTION 6.23 Patriot Act, etc 65 SECTION 6.24 Separateness; Contractual Obligations 87Special Representations and Covenants Relating to Loan Parties 66
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS ARTICLE 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2LEASE 8 1.01. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Lease 8 1.02. Appurtenant Rights 8 ARTICLE 2 TERM; USE; RENT 8 2.01. Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 8 2.02. Use 8 2.03. Rent 8 2.04. Operating Cost 9 2.05. Impositions 13 2.06. Computation of Operating Cost and Impositions 14 2.07. Adjustment for Variation Between Estimated and Actual Operating Cost and Impositions 16 2.08. Notice of Adjustments 16 ARTICLE 3 LANDLORD’S COVENANTS 16 3.01. Basic Services 16 3.02. Extra Services 18 3.03. Window Covering 20 3.04. Graphics and Signage 20 3.05. Condition of Leased Premises 20 3.06. Repair Obligation 20 3.07 Quiet Enjoyment 21 ARTICLE 4 TENANT’S COVENANTS 21 4.01. Tenant Improvements 21 4.02. Taxes on Personal Property 22 4.03. Repairs by Tenant 22 4.04. Waste 22 4.05. Assignment or Sublease 22 4.06. Alterations and Surrender 26 4.07. Compliance with Laws and Insurance Standards 28 4.08. Entry for Repairs and Leasing 29 4.09. No Nuisance 30 4.10. Subordination 30 4.11. Estoppel Certificate 30 4.12. Tenant’s Remedies 31 4.13. Rules and Regulations 31 4.14. Personal Property at Tenant’s Risk 31 4.15. Payment of Landlord’s Expenses 32 4.16. Tenant’s Financial Condition 32 4.17. Energy Conservation 32 ARTICLE 5 CASUALTY AND EMINENT DOMAIN 32 5.01. Casualty Insurance 32 5.02. Liability Insurance 33 5.03. Tenant’s Insurance 33 5.04. Indemnity and Exoneration 34 5.05. Waiver of Subrogation Rights 35 5.06. Condemnation and Loss or Damage 36 5.07. Damage Due to Fire and Casualty 37 ARTICLE 6 DEFAULT 39 6.01. Events of Default 39 6.02. Remedies upon Default 41 6.03. Damages upon Termination 42 6.04. Computation of Rent for Purposes of Default 43 6.05. Rights of Landlord in Bankruptcy 43 6.06. Interest on Late Payments 43 ARTICLE 7 APPRAISAL 43 7.01. Appraisal of Fair Market Net Rent 43 ARTICLE 8 MISCELLANEOUS 45 8.01. Holding Over 45 8.02. Amendments and Fees Modifications 46 2.14 Inability 8.03. Transfers by Landlord 46 8.04. Severability 46 8.05. Notices 46 8.06. No Joint Venture 47 8.07. Successors and Assigns 47 8.08. Applicable Law 47 8.09. Time of the Essence 47 8.10. Submission Not an Option 47 8.11. Brokerage 47 8.12. Waiver of Jury Trial 47 8.13. All Agreements Contained 47 8.14. Cumulative Remedies 47 8.15. Failure to Determine Interest Rate 47 2.15 Pro Rata Treatment Enforce 48 8.16. Notice of Lease; Other Notices and Payments Agreements 48 2.16 Requirements 8.17. Hiring Practices 48 8.18. Tenant’s Authorized Representative 49 8.19. Assignment of Law Rents 49 ARTICLE 9 OPTION TO EXTEND THE TERM 49 9.01. Grant and Exercise of Option to Extend 49 9.02. Surrender Option for 18th Floor Space 50 2.17 Taxes 9.03. Rent During Second Extended Term 50 9.04. Lease Continues in Effect 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 ARTICLE 10 SWAP OPTION 51 10.01. The Swap 51 10.02. Effect of Benchmark Transition Event 61 Section 3. LETTERS the Swap 51 ARTICLE 11 LETTER OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 454 11.01. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension Letter of Credit 83 Section 654 11.02. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Requirements 55 ARTICLE 12 ADDITIONAL OPTIONS 56 12.01. Parking 56 12.02. Contraction Option. 57 12.03. Antenna or Satellite Dish 57 12.04. Exhibits 58 ARTICLE 13 DEFINITIONS 58 13.01. Definitions 58 Exhibit A Leased Premises Exhibit A-1 Description of Existence; Compliance; Contractual Obligations 87Land Exhibit A-2 Description of 222 Berkeley Parcel Exhibit A-▇ ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Space Exhibit B Building Standard Improvements Exhibit C Building Rules and Regulations Exhibit D Form of Letter of Credit Exhibit E Cleaning Specifications
Appears in 1 contract
Sources: Lease (Houghton Mifflin Co)
TABLE OF CONTENTS. SECTION 1 DEFINITIONS 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Interpretive Provisions 36 Section 2. AMOUNT 17 1.3 Letter of Credit Amounts 18 SECTION 2 COMMITMENTS OF THE LENDERS; BORROWING, CONVERSION AND TERMS LETTER OF LOAN COMMITMENTS 38 CREDIT PROCEDURES 18 2.1 Term Commitments 38 18 2.2 Procedure for Term Loan Borrowing 38 Procedures 19 2.3 Repayment Letter of Term Loans 38 Credit Procedures 21 2.4 Revolving Certain Conditions 25 2.5 Defaulting Lenders 25 2.6 Increase in Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 26 SECTION 3 EVIDENCING OF LOANS 28 3.1 Notes 28 3.2 Recordkeeping 28 SECTION 4 INTEREST 28 4.1 Interest Rates and 28 4.2 Interest Payment Dates 46 2.13 28 4.3 Setting and Notice of LIBOR Rates 28 4.4 Computation of Interest 29 SECTION 5 FEES 29 5.1 Letter of Credit Fees 29 5.2 Other Fees 29 SECTION 6 REDUCTION OR TERMINATION OF THE REVOLVING COMMITMENT; PREPAYMENTS 30 6.1 Prepayments 30 6.2 Repayments and Fees 46 2.14 Inability to Determine Terminations 30 6.3 Reduction of Aggregate Commitments 30 SECTION 7 MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES 31 7.1 Payments Generally; Agent’s Clawback 31 7.2 Sharing of Payments 32 7.3 Application of Certain Payments 33 7.4 Due Date Extension 33 7.5 Setoff 33 7.6 Taxes 34 SECTION 8 INCREASED COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS 34 8.1 Increased Costs 34 8.2 Basis for Determining Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements Inadequate or Unfair 35 8.3 Changes in Law Rendering LIBOR Loans Unlawful 35 8.4 Funding Losses 36 8.5 Right of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change the Lenders to Fund through Other Offices 36 8.6 Discretion of Lending Office 56 2.20 Replacement the Lenders as to Manner of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In Funding 36 8.7 Mitigation of Affected Financial Institutions 60 2.23 Effect Circumstances 36 8.8 Conclusiveness of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Statements; Survival of Provisions 37 SECTION 9 REPRESENTATIONS AND WARRANTIES 72 4.1 37 9.1 Organization 37 9.2 Authorization; No Conflict 37 9.3 Validity and Binding Nature 37 9.4 Financial Condition 37 9.5 No Material Adverse Change 72 4.2 Existence38 9.6 Litigation and Contingent Liabilities 38 9.7 Ownership of Properties; Liens 38 9.8 Equity Ownership; Subsidiaries 38 9.9 Pension Plans 38 9.10 Investment Company Act 39 9.11 Public Utility Holding Company Act 39 9.12 Margin Stock 39 9.13 Taxes; Tax Shelter Registration 39 9.14 Solvency, etc. 40 9.15 Environmental Matters 40 9.16 Insurance 40 9.17 Real Property 40 9.18 Information 41 9.19 Intellectual Property 41 9.20 Burdensome Obligations 41 9.21 Labor Matters 41 9.22 No Default 41 9.23 Accounts 41 9.24 Anti-Terrorism Law Compliance 41 9.25 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership Laws 42 9.26 Hedging Agreements 42 9.27 Patriot Act 42 SECTION 10 AFFIRMATIVE COVENANTS 43 10.1 Reports, Certificates and Other Information 43 10.2 Books, Records and Inspections 45 10.3 Maintenance of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8746
Appears in 1 contract
Sources: Credit Agreement (Winmark Corp)
TABLE OF CONTENTS. DEFINITIONS Definitions 1 1.1 Defined Terms 1 1.2 Additional Defined Terms 13 1.3 Other Definitional Provisions 36 Section and Interpretive Matters 14 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 Purchase and Sale of the µWave Business 15 2.1 Term Commitments 38 Purchase and Sale of Assets 15 2.2 Procedure for Term Loan Borrowing 38 Excluded Assets 16 2.3 Repayment Purchase Price 17 2.4 Assumed Liabilities 18 2.5 Excluded Liabilities 18 2.6 Further Assurances; Further Conveyances and Assumptions; Consent of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 Third Parties 20 2.7 Optional Termination or Reduction of Commitments 41 Intellectual Property and Information 22 2.8 Optional Prepayments 41 Bulk Sales Law 22 2.9 Mandatory Prepayments and Commitment Reductions 42 Taxes 22 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section Buyer Designee; Transaction in India 24 3. LETTERS OF CREDIT 62 Representations and Warranties of Seller 25 3.1 Revolving L/C Commitments 62 Section Organization and Qualification 25 3.2 Subsidiaries 25 3.3 Authorization; Binding Effect 25 3.4 Non-Contravention; Consents 26 3.5 Purchased Assets 27 3.6 Governmental Permits 27 3.7 Real Estate and Environmental 28 3.8 Compliance With Laws 29 3.9 Litigation 30 3.10 Business Employees 31 3.11 Contracts 33 3.12 Financial Statements 35 3.13 Intellectual Property 35 3.14 µWave Product Liability and Recalls 39 3.15 µWave Product Warranty 40 3.16 Inventory 40 3.17 Customers and Suppliers 40 3.18 Restrictions on the µWave Business 41 3.19 Taxes 41 3.20 Brokers 42 3.21 OCS Compliance 42 3.22 No Other Representations or Warranties 43 4. REPRESENTATIONS AND WARRANTIES 72 Representations and Warranties of Buyer 43 4.1 No Change 72 Organization and Qualification 43 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of PropertyBinding Effect 43 4.3 Non-Contravention; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Consents 44
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS PURCHASE AND SALE OF ASSETS 1 1.1 Defined Terms 1.01 PURCHASE AND SALE OF ASSETS 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 41.02 PURCHASE PRICE 1 ARTICLE II. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 ExistenceOF THE SELLER 3 2.01 EXISTENCE AND POWER OF THE COMPANY 3 2.02 AUTHORIZATION 3 2.03 NON-CONTRAVENTION 3 2.04 SUBSIDIARIES 4 2.05 FINANCIAL STATEMENTS 4 2.06 ABSENCE OF CERTAIN CHANGES 4 2.07 ASSETS 4 2.08 REAL PROPERTY 4 2.09 INTELLECTUAL PROPERTY 5 2.10 PRODUCT WARRANTY 5 2.11 PRODUCT LIABILITY 5 2.12 MATERIAL CONTRACTS 6 2.13 LICENSES AND PERMITS 6 2.14 EMPLOYEES 6 2.15 ENVIRONMENTAL MATTERS 7 2.16 TAX MATTERS 7 2.17 TRANSACTIONS WITH AFFILIATES 7 2.18 FEES 8 2.19 CUSTOMERS AND SUPPLIERS 8 2.20 COMPLIANCE WITH LAWS; Compliance with Law 72 4.3 PowerNO DEFAULTS 8 2.21 LEGAL PROCEEDINGS 8 2.22 CAPITALIZATION 8 2.23 NO UNDISCLOSED LIABILITIES 8 2.24 COMPLIANCE WITH THE FOREIGN CORRUPT PRACTICES ACT, EXPORT CONTROL AND ANTIBOYCOTT LAWS 8 2.25 CONDITION AND SUFFICIENCY OF ASSETS 9 2.26 BOOKS AND RECORDS 9 2.27 INVENTORIES 9 2.28 ACCURACY OF INFORMATION FURNISHED 9 ARTICLE III. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 9 3.01 ORGANIZATION AND EXISTENCE 9 3.02 CORPORATE AUTHORIZATION 9 3.03 GOVERNMENTAL AUTHORIZATION 10 3.04 NON-CONTRAVENTION 10 3.05 FEES 10 3.06 LITIGATION 10 3.07 CONFIRMATION 10 3.08 CSO RULES 10 ARTICLE IV. COVENANTS OF SELLER AND PURCHASER 10 4.01 BEST EFFORTS; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87FURTHER ASSURANCES 10 4.02 COMPLIANCE WITH LAWS 11 4.03 CERTAIN FILINGS 11 4.04 PUBLIC ANNOUNCEMENTS 11 4.05 NOTICE OF DEVELOPMENTS 11
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment 5.4 Illegality 56 Section 5.5 Discretion of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction the Banks as to Manner of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Funding 57 Section 5.6 Taxes 51 2.18 Indemnity 55 2.19 Change 57 Section 5.7 Selection of Lending Office 56 2.20 Replacement Installation; Mitigation Obligations; Bank Statements; Survival of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event Indemnity 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 5.8 Judgment Currency 61 Section 5.9 Mitigation 62 Section 4. 5.10 No Advisory or Fiduciary Responsibility 62 ARTICLE VI CONDITIONS PRECEDENT 63 Section 6.1 Conditions to Effectiveness 63 Section 6.2 Conditions Precedent to Initial Loans 64 Section 6.3 Conditions Precedent to all Loans 64 ARTICLE VII REPRESENTATIONS AND WARRANTIES 72 4.1 65 Section 7.1 Organization, Standing, Etc. 65 Section 7.2 Authorization and Validity 65 Section 7.3 No Change 72 4.2 ExistenceConflict; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 65 Section 7.4 Government Consent 66 Section 7.5 Financial Statements 74 4.8 Indebtedness 74 4.9 and Condition 66 Section 7.6 Litigation 66 Section 7.7 Compliance 66 Section 7.8 Environmental, Health and Safety Laws 66 Section 7.9 ERISA 66 Section 7.10 Regulation U 67 Section 7.11 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 67 Section 7.12 Taxes 74 4.12 Permits 75 4.13 Agreements67 Section 7.13 Trademarks, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Patents 67 Section 7.14 Investment Company Act; Other Regulations 76 4.18 Capitalization; Act 67 Section 7.15 Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 67 Section 7.16 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws68 Section 7.17 Disclosure 68 Section 7.18 Sanctions; Anti-Corruption Terrorism Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 69 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. 7.19 Affected Financial Institutions 69 ARTICLE VIII AFFIRMATIVE COVENANTS 84 6.1 69 Section 8.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 and Reports 69 Section 8.2 Corporate Existence 72 Section 8.3 Insurance 72 Section 8.4 Payment of Taxes and Claims 72 Section 8.5 Inspection 72 Section 8.6 Maintenance of Existence; Compliance; Contractual Obligations 87Properties 72 Section 8.7 Books and Records 72 Section 8.8 Compliance 73
Appears in 1 contract
Sources: Credit Agreement (Graco Inc)
TABLE OF CONTENTS. DEFINITIONS Page ARTICLE 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT THE MERGER 2 1.01 The Merger 2 1.02 Effective Time 2 1.03 Effects of the Merger 2 1.04 Articles of Incorporation and Bylaws of the Surviving Corporation 2 1.05 Directors 2 1.06 Officers 2 1.07 Closing 2 1.08 Additional Actions 3 ARTICLE 2 EFFECT OF THE MERGER ON THE CAPITAL STOCK OF THE COMPANY AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure MERGER SUB 3 2.01 Effect on Shares of Capital Stock 3 2.02 Options 4 2.03 Payment for Term Loan Borrowing 38 2.3 Repayment Common Shares in the Merger 5 2.04 Adjustment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments the Merger Consideration and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. the Cash Pay Option Consideration 8 ARTICLE 3 REPRESENTATIONS AND WARRANTIES 72 4.1 OF THE COMPANY 8 3.01 Organization and Qualification 8 3.02 Charter Documents and Bylaws 9 3.03 Capitalization 9 3.04 Authority Relative to this Agreement 10 3.05 Company Subsidiaries 11 3.06 No Change 72 4.2 ExistenceViolation; Required Filings and Consents 11 3.07 SEC Reports and Financial Statements 12 3.08 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Applicable Laws 13 3.09 Absence of Certain Changes or Events 13 3.10 Change of Control 14 3.11 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 15 3.12 Information in Proxy Statement 15 3.13 Benefit Plans 15 3.14 Taxes 17 3.15 Intellectual Property 74 4.11 Taxes 74 4.12 19 3.16 Licenses and Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 21 3.17 Material Contracts 22 3.18 Environmental Laws 23 3.19 State Takeover Statutes 23 3.20 Opinion of Financial Advisor 23 3.21 Brokers 24 3.22 Related Party Transactions 24 3.23 Properties and Assets 24 3.24 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act25 3.25 Insurance 25 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF MERGER SUB AND PARENT 26 4.01 Organization and Qualification 26 4.02 Charter Documents and Bylaws 26 4.03 Authority Relative to this Agreement 26 4.04 No Violation; Other Regulations 76 4.18 CapitalizationRequired Filings and Consents 27 4.05 Financing 27 4.06 Brokers 28 4.07 Proxy Statement 28 ARTICLE 5 COVENANTS 28 5.01 Interim Operations 28 5.02 Shareholders Meeting 32 5.03 Filings; Subsidiaries 77 4.19 Use Consents, etc. 33 5.04 Access to Information 33 5.05 Notification of Proceeds 77 4.20 Environmental Certain Matters 77 4.21 Accuracy 34 5.06 Public Announcements 34 5.07 Indemnification; etc 35 5.08 Further Assurances; Commercially Reasonable Efforts 36 5.09 Third Party Standstill Agreements 36 5.10 No Solicitation 36 5.11 SEC Reports 39 5.12 Termination of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ 5.13 Financing 39 5.14 Special Meeting 40 5.15 Shareholder Litigation 40 5.16 Transition Assistance 40 ARTICLE 6 CONDITIONS PRECEDENT 80 5.1 TO CONSUMMATION OF THE MERGER 41 6.01 Conditions to Closing Date 80 5.2 the Obligations of Each Party 41 6.02 Conditions to Each Extension Obligations of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Merger Sub and Parent 41 6.03 Conditions to Obligation of Existence; Compliance; Contractual Obligations 87the Company 44 ARTICLE 7 TERMINATION 44 7.01 Termination by Mutual Consent 44 7.02 Termination by Merger Sub, Parent or the Company 45 7.03 Termination by Merger Sub and Parent 45 7.04 Termination by the Company 46 7.05 Effect of Termination 46
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 ARTICLE I THE MERGER 2 1.1 Defined Terms 1 The Merger 2 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination Closing Deliveries 3 1.3 Effect on Capital Stock and Options 6 1.4 Payment Procedures 9 1.5 No Further Ownership Rights in the Company Capital Stock, Company Options or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Company Warrants 11 1.6 Company Net Working Capital, Company Debt, Company Cash and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Transaction Expenses Adjustment 11 1.7 Tax Consequences 14 1.8 Certain Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. 14 1.9 Withholding Rights 14 1.10 Further Action 15 ARTICLE II REPRESENTATIONS AND WARRANTIES 72 4.1 OF THE COMPANY 15 2.1 Organization, Standing, Power and Subsidiaries 15 2.2 Capital Structure 15 2.3 Authority; Non-contravention 18 2.4 Financial Statements; No Change 72 4.2 Existence; Undisclosed Liabilities. 19 2.5 Absence of Changes 20 2.6 Litigation 20 2.7 Restrictions on Business Activities 20 2.8 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Governmental Permits 21 2.9 Title to, Condition and Sufficiency of Tangible Assets; Real Property 21 2.10 Intellectual Property. 21 2.11 Taxes. 30 2.12 Employee Benefit Plans and Employee Matters 33 2.13 Interested-Party Transactions 38 2.14 Insurance 38 2.15 Books and Records 38 2.16 Material Contracts. 38 2.17 Transaction Fees 41 2.18 Anti-Corruption Laws Law 41 2.19 Environmental, Health and Safety Matters 42 2.20 Export Control and Sanctions 80 4.28 Lines Laws 42 2.21 Buyers and Sellers 42 2.22 Suppliers and Vendors 43 ARTICLE III REPRESENTATIONS AND WARRANTIES OF ACQUIRER AND MERGER SUB 43 3.1 Organization and Standing 43 3.2 Authority; Non-contravention 43 3.3 Litigation 44 3.4 Transaction Fees 44 3.5 Solvency 44 3.6 Financial Capability 44 3.7 Investment Representation 44 3.8 Board and Stockholder Approvals 44 3.9 Operation of Merger Sub 45 ARTICLE IV CONDUCT PRIOR TO THE EFFECTIVE TIME 45 4.1 Conduct of the Business; Notices 45 4.2 Restrictions on Conduct of the Business 80 4.29 Federal Taxpayer Identification Number 80 Section 545 4.3 Certain Limitations 48 ARTICLE V ADDITIONAL AGREEMENTS 49 5.1 Board Recommendation, Stockholder Approval and Stockholder Notice 49 5.2 No Solicitation 50 5.3 Confidentiality; Public Disclosure 50 5.4 Reasonable Best Efforts 51 5.5 Third-Party Consents; Notices 53 5.6 Litigation 53 5.7 Access to Information 53 5.8 Spreadsheet 54 5.9 Expenses; Company Debt 55 5.10 Employees 55 5.11 Termination of 401(k) Plan and Company Option Plan 56 5.12 Waivers for Promised Company Options 57 5.13 Certain Closing Certificates and Documents 57 5.14 Tax Matters. 57 5.15 280G Stockholder Approval 59 5.16 Directors and Officers 59 5.17 Notification 61 5.18 Contact with Business Relations 61 5.19 Intellectual Property Matters 61 5.20 Acquirer RSUs 61 ARTICLE VI CONDITIONS PRECEDENT 80 5.1 TO THE MERGER 62 6.1 Conditions to Closing Date 80 5.2 Obligations of Each Party to Effect the Merger 62 6.2 Additional Conditions to Each Extension Obligations of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificatesthe Company 62 6.3 Additional Conditions to the Obligations of Acquirer 63 6.4 Waiver of Conditions 64 ARTICLE VII TERMINATION 64 7.1 Termination 64 7.2 Effect of Termination 65 ARTICLE VIII ESCROW FUND AND INDEMNIFICATION 65 8.1 Escrow Fund 65 8.2 Indemnification 66 8.3 Indemnifiable Damage Threshold; Other Information 85 6.3 Maintenance Limitations 67 8.4 Period for Claims 70 8.5 Claims 70 8.6 Resolution of ExistenceObjections to Claims 71 8.7 Securityholders’ Agent 72 8.8 Third-Party Claims 74 8.9 Treatment of Indemnification Payments 75 8.10 No Other Representations or Warranties 75 ARTICLE IX GENERAL PROVISIONS 76 9.1 Survival of Representations, Warranties and Covenants 76 9.2 Notices 76 9.3 Interpretation 77 9.4 Company Disclosure Letter 78 9.5 Amendment 79 9.6 Extension; ComplianceWaiver 79 9.7 Counterparts 79 9.8 Entire Agreement; Contractual Obligations 87Parties in Interest 79 9.9 Assignment 80 9.10 Severability 80 9.11 Remedies Cumulative; Specific Performance 80 9.12 Arbitration; Submission to Jurisdiction; Consent to Service of Process. 80 9.13 Governing Law 81 9.14 Rules of Construction 81 9.15 WAIVER OF JURY TRIAL 81 9.16 Retention of Counsel 81 9.17 Protected Communications 82 9.18 No Waiver of Privilege, Protection from Disclosure or Use 82 9.19 Non-Recourse 82 Exhibit A - Definitions Exhibit B - Form of Transitional Employee Non-Competition Agreement Exhibit C - Form of Named Employee Non-Competition Agreement Exhibit D - Form of Written Consent Exhibit E - Form of Stockholder Agreement Exhibit F - Form of Certificate of Merger Exhibit G - Form of Paying Agent Agreement Exhibit H - Form of Company Closing Officer Certificate Exhibit I - Form of Resignation Letter Exhibit J-1 - Form of FIRPTA Notice Exhibit J-2 - Form of FIRPTA Notification Letter Exhibit K - Form of Parachute Payment Waiver Exhibit L - Form of Warrant Waiver Exhibit M Form of CME Commercial Agreement Exhibit N - Form of Letter of Transmittal Exhibit O - Form of Option Waiver Exhibit P - Form of Assignment of Intellectual Property Exhibit Q - Form of Promised Option Release Exhibit R - Form of Escrow Agreement Company Disclosure Letter Schedule 1.2(b)(iv) - Consenting Stockholders Schedule 1.2(b)(xiv) - Contracts to be Amended, Noticed or Terminated Schedule 5.8(viii) - Acquirer RSU Calculation Methodology Schedule 5.16(a) - Indemnification Agreements Schedule 5.19(b) - Confirmatory Assignments Schedule 6.3(g) - Named Employees Schedule 8.2(a)(ix) - Other Indemnity Matters AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of July 21, 2019 (the “Agreement Date”), by and among Etsy, Inc., a Delaware corporation (“Acquirer”), ▇▇▇▇▇▇▇ Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Acquirer (“Merger Sub”), Reverb Holdings, Inc., a Delaware corporation (the “Company”), and Fortis Advisors LLC, a Delaware limited liability company, as the securityholders’ agent (the “Securityholders’ Agent”). Certain other capitalized terms used herein are defined in Exhibit A.
Appears in 1 contract
Sources: Merger Agreement (Etsy Inc)
TABLE OF CONTENTS. 1. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS APPOINTMENT OF LOAN COMMITMENTS 38 CUSTODIAN; ACCOUNTS 3 2.1 Term Commitments 38 Appointment of Custodian 3 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Establishment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section Accounts 4 3. LETTERS OF CREDIT 62 AUTHORIZED PERSONS AND INSTRUCTIONS; ELECTRONIC ACCESS 4 3.1 Revolving L/C Commitments 62 Section Authorized Persons 4 3.2 Instructions 4 3.3 BNY Mellon Actions Without Instructions 5 3.4 Funds Transfers 6 3.5 Electronic Access 7 4. REPRESENTATIONS SUBCUSTODIANS, DEPOSITORIES AND WARRANTIES 72 AGENTS 7 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy Subcustodians and Depositories 7 4.2 Liability for Subcustodians 8 4.3 Liability for Depositories 8 4.4 Use of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section Agents 8 5. CONDITIONS PRECEDENT 80 CORPORATE ACTIONS 8 5.1 Conditions to Closing Date 80 Notification 8 5.2 Conditions to Each Extension Exercise of Credit 83 Section Rights 9 5.3 Partial Redemptions, Payments, Etc 9 6. AFFIRMATIVE COVENANTS 84 SETTLEMENT 9 6.1 Financial Settlement Instructions 9 6.2 Settlement Funds 9 6.3 Settlement Practices 9 7. TAX MATTERS 10 7.1 Tax Obligations 10 7.2 Payments 11 8. CREDITS AND ADVANCES 11 8.1 Contractual Settlement and Income 11 8.2 Advances 11 8.3 Payment 11 8.4 Securing Payment 12 8.5 Setoff 12 8.6 Currency Conversion 13 9. STATEMENTS; BOOKS AND RECORDS; THIRD PARTY DATA 13 9.1 Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance 13 9.2 Books and Records 13 9.3 Third Party Data 13 10. DISCLOSURES 14 10.1 Required Disclosure 14 10.2 Foreign Exchange Transactions 14 10.3 Investment of Existence; Compliance; Contractual Obligations 87Cash 15
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 THE MERGER 2 1.1 Defined Terms 1 THE MERGER 2 1.2 Other Definitional Provisions 36 Section 2EFFECTIVE TIME OF THE MERGER 2 1.3 CLOSING 2 1.4 EFFECTS OF THE MERGER 3 1.5 FURTHER ASSURANCES 3 ARTICLE 2 THE SURVIVING CORPORATION 3 2.1 ARTICLES OF INCORPORATION 3 2.2 BYLAWS 3 2.3 DIRECTORS AND OFFICERS 3 ARTICLE 3 EFFECT OF THE MERGER 4 3.1 CONVERSION OF CAPITAL STOCK 4 3.2 EXCHANGE OF CERTIFICATES AND MERGER CONSIDERATION. AMOUNT AND TERMS 4 3.3 STOCK TRANSFER BOOKS 6 3.4 TREATMENT OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to BailCOMPANY STOCK-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3BASED SECURITIES. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. 6 3.5 DISSENTING SHARES 7 ARTICLE 4 REPRESENTATIONS AND WARRANTIES 72 OF COMPANY 8 4.1 No Change 72 ORGANIZATION AND QUALIFICATION 8 4.2 ExistenceCAPITALIZATION. 9 4.3 SUBSIDIARIES. 11 4.4 AUTHORITY; Compliance with Law 72 4.3 PowerNON-CONTRAVENTION; AuthorizationAPPROVAL. 12 4.5 SEC MATTERS 14 4.6 ABSENCE OF UNDISCLOSED LIABILITIES 16 4.7 ABSENCE OF CERTAIN CHANGES OR EVENTS 16 4.8 LITIGATION 17 4.9 NO VIOLATION OF LAW. 17 4.10 PERMITS 18 4.11 COMPLIANCE WITH AGREEMENTS 18 4.12 TAXES 19 4.13 EMPLOYEE BENEFIT PLANS; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of PropertyERISA. 20 4.14 LABOR; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsEMPLOYMENT MATTERS 23 4.15 REAL ESTATE; PROPERTIES 23 4.16 ENVIRONMENTAL MATTERS 25 4.17 CONTRACTS AND COMMITMENTS. 26 4.18 INTELLECTUAL PROPERTY RIGHTS. 29 4.19 ANTI-TAKEOVER LAW INAPPLICABLE; NO RIGHTS PLAN 32 4.20 ADVISORS’ FEES 33 4.21 OPINION OF FINANCIAL ADVISOR 33 4.22 CERTAIN LOANS AND OTHER TRANSACTIONS 33 4.23 INSURANCE 34 4.24 NO OTHER REPRESENTATIONS AND WARRANTIES 34 4.25 SUBSTANTIAL CUSTOMERS, EtcREFERRAL PARTNERS AND SUPPLIERS. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act34 4.26 EXPORT CONTROL LAWS. 35 4.27 COMPLETE COPIES OF MATERIALS 35 4.28 INFORMATION STATEMENT 35 4.29 FULL DISCLOSURE 35 ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 36 5.1 ORGANIZATION AND QUALIFICATION 36 5.2 AUTHORITY; Other Regulations 76 4.18 CapitalizationNON-CONTRAVENTION; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, EtcAPPROVALS. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 536 5.3 LITIGATION 37 5.4 SOLVENCY 37 5.5 FINANCING. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 638 5.6 PARENT INFORMATION 39 5.7 MERGER SUB 39 5.8 NO OWNERSHIP OF CAPITAL STOCK 39 5.9 OTHER AGREEMENTS OR UNDERSTANDINGS 39 5.10 NO OTHER REPRESENTATIONS AND WARRANTIES 39 5.11 COMPLIANCE WITH LAWS 39 ARTICLE 6 COVENANTS 40 6.1 CONDUCT OF BUSINESS 40 6.2 COMPANY FORBEARANCES 40 6.3 CONTROL OF OPERATIONS 44 6.4 SOLICITATION BY COMPANY. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8744
Appears in 1 contract
Sources: Merger Agreement (Telanetix,Inc)
TABLE OF CONTENTS. DEFINITIONS 1 SALE AND PURCHASE OF ASSETS 2 1.1 Defined Terms 1 Purchased Assets 2 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 Excluded Assets 3 1.3 Assumed Liabilities 4 1.4 Retained Liabilities 4 ARTICLE 2 PURCHASE CONSIDERATION 6 2.1 Term Commitments 38 Initial Purchase Consideration 6 2.2 Procedure for Term Loan Borrowing 38 Closing Date Delivery of Initial Purchase Consideration 6 2.3 Repayment Earn-Out Consideration 6 2.4 Adjustments 7 2.5 Proration of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 Ad Valorem Taxes 7 2.6 Fees 40 Tax Treatment 7 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Withholding Tax 7 ARTICLE 3 REPRESENTATIONS AND WARRANTIES 72 OF SELLER PARTIES 7 3.1 Organization 7 3.2 Authority; No Violation; Enforceability 8 3.3 Financial Matters 9 3.4 Projections 9 3.5 Title to and Sufficiency of Purchased Assets 9 3.6 Absence of Certain Changes 9 3.7 Personal Property 11 3.8 Real Property 11 3.9 Necessary Properties 12 3.10 Contracts 12 3.11 No Litigation 14 3.12 Operations Conducted Lawfully 14 3.13 Environmental Protection 14 3.14 Intellectual Property 15 3.15 Business IT Systems 15 3.16 Data Security 16 3.17 Tax Matters 16 3.18 Employees 17 3.19 Employee Plans and Related Matters 18 3.20 Customers and Suppliers 20 3.21 Insurance 20 3.22 Affiliate Transactions 21 3.23 Brokers 21 3.24 OpCo Units 21 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PURCHASER 22 4.1 Organization 22 4.2 Authority; No Change 72 4.2 ExistenceViolation; Compliance with Law 72 Enforceability 22 4.3 Power; Authorization; Enforceable Obligations 73 OpCo Units 23 4.4 No Legal Bar 73 Litigation 23 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Brokers 23
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS THE MERGER 1 1.1 Defined Terms Merger 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS The Closing 2 1.3 Effective Time of Merger 2 1.4 Additional Actions 2 1.5 Surviving Corporation 2 1.6 Reservation of Right to Revise Structure 3 ARTICLE II EFFECT OF LOAN COMMITMENTS 38 MERGER ON CAPITAL STOCK 3 2.1 Term Commitments 38 Conversion of Securities 3 2.2 Stock Plans 4 2.3 Exchange Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 5 2.4 Revolving Commitments 39 Distributions with Respect to Unexchanged Shares 6 2.5 Procedure for Revolving Loan Borrowing 39 No Further Ownership Rights in Company Common Stock 6 2.6 Fees 40 No Liability 7 2.7 Optional Termination Lost, Stolen or Reduction of Commitments 41 Destroyed Certificates 7 2.8 Optional Prepayments 41 Withholding Rights 7 2.9 Mandatory Prepayments and Commitment Reductions 42 No Fractional Shares 7 2.10 Conversion and Continuation Options 44 Adjustments 8 2.11 Limitations on Eurodollar Tranches 46 Adjustments to Cash Consideration 8 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Upset Condition 9 ARTICLE III COMPANY'S REPRESENTATIONS AND WARRANTIES 72 4.1 10 3.1 Authorization, No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsConflicts, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor 10 3.2 Organization and Good Standing 11 3.3 Subsidiaries 11 3.4 Capital Stock 12 3.5 Financial Statements 13 3.6 Absence of Undisclosed Liabilities 14 3.7 Absence of Certain Changes or Events 14 3.8 Legal Proceedings 14 3.9 Regulatory Filings 14 3.10 No Indemnification Claims 15 3.11 Conduct of Business 15 3.12 Transaction Documents 15 3.13 Agreements With Bank Regulators 15 3.14 Tax Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information16 3.15 Properties 18 3.16 Intellectual Property 20 3.17 Required Licenses, Permits, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T 20 3.18 Material Contracts and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws Change of Control 20 3.19 Labor and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Employment Matters 23 3.20 Employee Benefits 25 3.21 Environmental Matters 29
Appears in 1 contract
TABLE OF CONTENTS. ARTICLE 1 DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT ARTICLE 2 RELATIONSHIP OF OWNER, CONTRACTOR AND TERMS OF LOAN COMMITMENTS 38 SUBCONTRACTORS 8 2.1 Term Commitments 38 Status of Contractor 8 2.2 Procedure Key Personnel and Contractor Representative 9 2.3 Subcontractors and Sub-subcontractors 9 2.4 Subcontracts and Sub-subcontracts 9 2.5 Contractor Acknowledgements 10 ARTICLE 3 CONTRACTOR’S RESPONSIBILITIES 12 3.1 Scope of Work 12 3.2 Specific Obligations 13 3.3 Contractor’s Tools and Construction Equipment 13 3.4 Employment of Personnel 13 3.5 Clean-up 14 3.6 Safety and Security 14 3.7 Emergencies 15 3.8 Permits 15 3.9 Books, Records and Audits 15 3.10 Temporary Utilities, Roads, Facilities and Storage 15 3.11 Hazardous Materials 16 3.12 Reports and Meetings 16 3.13 Title to Materials Found 16 3.14 Cooperation with Others 16 3.15 Responsibility for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination Property 17 3.16 Used or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Salvaged Materials 17 3.17 Compliance with Law 72 Real Property Interests 17 3.18 Subordination of Liens 17 3.19 Review of Shop Drawings 17 3.20 Layout 18 3.20 Substitutions 18 3.22 Quality Control 18 3.23 Commercial Activities 18 3.24 Taxes 18 3.25 Tax Accounting 18 ARTICLE 4 OWNER’S RESPONSIBILITIES 19 4.1 Payment 19 4.2 Permits 19 4.3 PowerAccess to the Site 19 4.4 Owner-Supplied Equipment 19 4.5 Texas Sales and Use Tax Matters 19 ARTICLE 5 COMMENCEMENT OF WORK, PROJECT SCHEDULE, AND SCHEDULING OBLIGATIONS 20 5.1 Timely Commencement and Completion of Work 20 5.2 Limited Notice to Proceed/Notice to Proceed 20 5.3 Project Schedule 20 5.4 CPM Schedule 20 5.5 Recovery and Recovery Schedule 22 5.6 Acceleration and Acceleration Schedule 23 ARTICLE 6 CHANGES; AuthorizationFORCE MAJEURE; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; AntiAND OWNER-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 CAUSED DELAY 23 6.1 Financial Statements 84 Change Orders Requested by Owner 23 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Change Orders Requested by Contractor 24
Appears in 1 contract
Sources: Construction Agreement (Cheniere Corpus Christi Holdings, LLC)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 AND ACCOUNTING TERMS 2 1.1. Certain Defined Terms 1 1.2 2 1.2. UCC Defined Terms 37 1.3. Accounting Terms 38 1.4. Other Definitional Provisions 36 Section 38 SECTION 2. AMOUNT LOANS AND TERMS OF LOAN COMMITMENTS 38 2.1 COLLATERAL 39 2.1. Loans 39 2.2. Interest 48 2.3. Fees 53 2.4. Payments and Prepayments 54 2.5. Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 this Agreement 58 2.6. Statements 58 2.7. Intentionally Omitted 58 2.8. Yield Protection 59 2.9. Taxes 59 2.10. Required Termination and Prepayment 61 2.11. Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Prepayment/Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement 62 2.12. Compensation 63 2.13. Booking of LIBOR Loans; Canadian Revolving Loans 63 2.14. Assumptions Concerning Funding of LIBOR Loans and Consent to Bail-In Canadian BA Rate Loans 63 2.15. Endorsement; Insurance Claims 63 2.16. Increase of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section the US Maximum Revolving Advance Amount by US Borrower 64 2.17. Mitigation Obligation 66 SECTION 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section CONDITIONS TO LOANS 66 SECTION 4. REPRESENTATIONS AND WARRANTIES 69 4.1. Organization, Powers, Capitalization 69 4.2. Authorization of Borrowing, No Conflict 69 4.3. Financial Condition 69 4.4. Indebtedness and Liabilities 70 4.5. Holdings; Astrum; CA Marketing and Collect Air 70 4.6. Intentionally Omitted 70 4.7. Title to Properties; Liens 71 4.8. Litigation; Adverse Facts 71 4.9. Payment of Taxes 71 4.10. Performance of Agreements 72 4.1 No Change 4.11. Employee Benefit Plans 72 4.2 Existence; 4.12. Broker’s Fees 73 4.13. Environmental Compliance 73 4.14. Solvency 74 4.15. Disclosure 74 4.16. Insurance 74 4.17. Compliance with Law 72 4.3 PowerLaws; AuthorizationGovernment Authorizations; Enforceable Consents 74 4.18. Employee Matters 75 4.19. Governmental Regulation 75 4.20. Intentionally Omitted 75 4.21. Intentionally Omitted 75 4.22. Intentionally Omitted 75 4.23. Amendment of Schedule 75 4.24. Senior Credit Agreement and Designated Senior Lien Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 75 4.25. Patriot Act 75 SECTION 5. REPORTING AND OTHER AFFIRMATIVE COVENANTS 76 5.1. Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership and Other Reports 76 5.2. Maintenance of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, EtcProperties 76 5.3. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA Further Assurances 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 5.4. Use of Proceeds and Margin Security 77 4.20 Environmental Matters 5.5. Landlords’ Agreements, Mortgagee Agreements, Bailee Letters and Real Estate Purchases 77 4.21 Accuracy of Information, Etc5.6. Organizational Existence 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required 5.7. Patriot Act Documentation 78 5.8. Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML 78 5.9. Compliance with Laws; Anti-Corruption Laws Consents 79 5.10. Intentionally Omitted 79 5.11. Inspection; Lender Meeting 79 5.12. Collection of Assets and Sanctions Payments 80 4.28 Lines 5.13. Legal Opinion 80 SECTION 6. FINANCIAL COVENANTS 80 SECTION 7. NEGATIVE COVENANTS 81 7.1. Indebtedness and Liabilities 81 7.2. Intentionally Omitted 82 7.3. Disposal of Assets or Subsidiary Stock, Liens and Related Matters 82 7.4. Investments 83 7.5. Contingent Obligations 85 7.6. Restricted Payments 86 7.7. Restriction on Fundamental Changes 87 7.8. Changes Relating to Second Lien Debt 87 7.9. Transactions with Affiliates 87 7.10. Conduct of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 588 7.11. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6Tax Consolidations 88 7.12. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesSubsidiaries 88 7.13. Fiscal Year; Other Information 85 6.3 Maintenance of ExistenceTax Designation 88 7.14. Press Release; Compliance; Contractual Obligations 87Public Offering Materials 89 7.15. Bank Accounts 89 7.16. Intentionally Omitted 89
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS Definitions; Interpretive Provisions 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Interpretive Provisions 36 Section 10 2. AMOUNT AND TERMS OF LOAN COMMITMENTS Sale of the Shares; Closing; Purchase Price Adjustment Payment 10 2.1 Sale of Shares 10 2.2 Purchase Price 10 2.3 Closing 11 2.4 Closing Deliveries 11 2.5 Treatment of Payments 12 3. Representations and Warranties of the Shareholder 12 3.1 Organization and Good Standing 12 3.2 Authority and Due Execution 12 3.3 No Conflict 13 3.4 Capitalization 13 3.5 Financial Statements 14 3.6 Title to Properties; Encumbrances 14 3.7 No Undisclosed Liabilities 15 3.8 Indebtedness 16 3.9 Taxes 16 3.10 No Material Adverse Change 17 3.11 Employee Benefits 17 3.12 Compliance with Legal Requirements; Governmental Authorizations 19 3.13 Legal Proceedings; Orders 20 3.14 Absence of Certain Changes and Events 20 3.15 Contracts 22 3.16 Environmental Matters 23 3.17 Employees 24 3.18 Labor Relations; Compliance 24 3.19 Intellectual Property 25 3.20 Brokers or Finders 26 3.21 Suppliers and Distributors 26 3.22 Product Liability 26 3.23 Permits 27 3.24 Affiliate Transactions 27 3.25 Representations on Closing Date 27 4. Representations and Warranties of Buyer 27 4.1 Organization and Good Standing 27 4.2 Authority; No Conflict 27 4.3 Sufficient Funds 28 4.4 Certain Proceedings 28 4.5 Brokers or Finders 28 5. Covenants of the Shareholder and the Companies 28 5.1 Access and Investigation 28 5.2 Operation of the Businesses of the Companies 29 5.3 Required Approvals 30 5.4 Reasonable Best Efforts 30 5.5 Tax Matters 30 5.6 Consents 30 5.7 Closing Indebtedness and Intercompany Payables and Receivables 30 5.8 Terminations of Transactions with Related Parties 30 5.9 Confidentiality 31 5.10 Non-Competition; Non-Solicitation 31 5.11 Cooperation 33 5.12 Insurance Matters 34 5.13 PVC Extrusion Lines 34 5.14 401(K) Plan Rollovers 35 6. Covenants of Buyer 35 6.1 Required Approvals 35 6.2 Reasonable Best Efforts 35 6.3 Employment 35 6.4 Release 36 7. Conditions Precedent to Buyer’s Obligation to Close 36 7.1 Accuracy of Representations 36 7.2 Shareholder Performance 36 7.3 Simex Supply Agreement 36 7.4 No Injunction 36 7.5 Regulatory Consents 36 7.6 Material Adverse Effect 37 7.7 Transition Services Agreement 37 7.8 Notice of Termination of Severance Plans 37 8. Conditions Precedent to the Shareholder’s Obligation to Close 37 8.1 Accuracy of Representations 37 8.2 Buyer’s Performance 37 8.3 Simex Supply Agreement 37 8.4 No Injunction 38 2.1 Term Commitments 8.5 Regulatory Consents 38 2.2 9. Termination 38 9.1 Termination Events 38 9.2 Effect of Termination 39 10. Indemnification; Remedies 39 10.1 Survival 39 10.2 Indemnification and Payment of Damages by the Shareholder or Buyer 39 10.3 Survival Period 40 10.4 Limitations on Amount 40 10.5 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Indemnification – Third Party Claims 40 10.6 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Indemnification – Other Claims 41 10.7 No Right of Commitments Contributions 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 10.8 Limitations on Eurodollar Tranches 46 2.12 Interest Rates Indemnification 41 10.9 Calculation of Damages 41 11. Tax Indemnification; Tax Matters 42 11.1 Tax Indemnification 42 11.2 Tax Indemnification Procedures 42 11.3 Tax Audits and Contests; Cooperation 43 11.4 Preparation of Tax Returns and Payment Dates of Taxes 44 11.5 Straddle Periods 46 2.13 Computation 11.6 Refunds 47 11.7 Transfer Taxes 47 11.8 Tax Sharing Agreements 47 12. Guarantee 47 12.1 Guarantee by FBHS 47 13. General Provisions 47 13.1 Expenses 47 13.2 Public Announcements 48 13.3 Confidentiality 48 13.4 Notices 48 13.5 Jurisdiction 49 13.6 Waiver 49 13.7 Entire Agreement and Modification 49 13.8 Assignments and Successors 49 13.9 Severability 50 13.10 Use of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Fortune Brands Name 50 13.11 Governing Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change 13.12 No Third Party Beneficiaries 50 13.13 Counterparts 50 13.14 Waiver of Lending Office 56 2.20 Replacement ▇▇▇▇ ▇▇▇▇▇ ▇▇ This Stock Purchase Agreement (this “Agreement”) dated as of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement August 19, 2014 among Fortune Brands Home & Security, Inc., a Delaware corporation (“FBHS”), Fortune Brands Windows & Doors, Inc., a Delaware corporation (the “Shareholder”) and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine Ply Gem Industries, Inc., a Delaware corporation (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87“Buyer”).
Appears in 1 contract
Sources: Stock Purchase Agreement (Fortune Brands Home & Security, Inc.)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined PARAGRAPH PAGE Table of Contents 2 Referenced Contract Provisions 4 I. Acronyms 5 II. Alteration of Terms 1 1.2 Other Definitional Provisions 36 Section 28 III. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Assignment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Debts 8 IV. Intentionally Omitted 9 V. Confidentiality 11 VI. Conflict of Interest 11 VII. Corrective Action Plan 11 VIII. Cost Report 12 IX. Debarment and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment Suspension Certification 14 X. Delegation, Assignment and Subcontracts 14 XI. Dispute Resolution 16 XII. Employee Eligibility Verification 17 XIII. Equipment 17 XIV. Facilities, Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3Services 18 XV. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4Indemnification and Insurance 19 XVI. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Inspections and Audits 23 XVII. Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Laws, Funding Requirements and Licenses 24 XVIII. Literature, Advertisements and Social Media 26 XIX. Maximum Obligation 26 XX. Minimum Wage Laws 26 XXI. Nondiscrimination 27 XXII. Notices 29 XXIII. Notification of Death 30 XXIV. Notification of Public Events and Meetings 30 XXV. Participant’s Rights 31 XXVI. Payment Card Compliance 31 XXVII. Records Management and Maintenance 31 XXVIII. Research and Publication 33 XXIX. Intentionally Omitted 33 XXX. Severability 33 XXXI. Special Provisions 33 XXXII. Status of Contractor 34 XXXIII. Term 35 XXXIV. Termination 35 XXXV. Third Party Beneficiary 37 XXXVI. Waiver of Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership or Breach 37 XXXVII. Drug-Free Workplace 37 Signature Page 38 I. Common Terms and Definitions… 39 II. Budget… 42 III. Payments… 46 IV. Reports… 47 V. Services… 49 VI. Staffing… 66 Personal Information Privacy and Security Contract… 1-4 Standards of Property; Liens 74 i Sunshine Care 1-24 Manager Operation Safety Plan (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; AntiMOPS)… 1-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 59 Good Neighbor Policy… 1-2 Homeless Services System Pillars Attestation… 1-2 Maintenance Responsibility Table… 1-5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87
Appears in 1 contract
Sources: Contract Ma 017 22011902 for Bridges at Kraemer Place Year Round Emergency Shelter Services
TABLE OF CONTENTS. Page SECTION 1 DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. Classification of Loans 47 1.3 Terms Generally 47 1.4 Accounting Terms; GAAP 48 1.5 Resolution of Drafting Ambiguities 48 1.6 Exchange Rates; Currency Equivalents 48 1.7 Additional Alternative Currencies 49 1.8 Change of Currency 50 SECTION 2 AMOUNT AND TERMS OF LOAN COMMITMENTS 38 50 2.1 Term Commitments 38 50 2.2 Procedure for Term Loan Borrowing 38 51 2.3 Repayment of Term Loans 38 51 2.4 Revolving Commitments 39 52 2.5 Procedure for Revolving Loan Borrowing 39 52 2.6 Fees 40 Swingline Commitment 53 2.7 Optional Procedure for Swingline Borrowing; Refunding of Swingline Loans 53 2.8 Commitment Fees, etc 55 2.9 Termination or Reduction of Revolving Commitments 41 2.8 56 2.10 Optional Prepayments 41 2.9 56 2.11 Mandatory Prepayments and Commitment Reductions 42 2.10 56 2.12 Conversion and Continuation Options 44 2.11 59 2.13 Limitations on Eurodollar Tranches 46 2.12 59 2.14 Interest Rates and Payment Dates 46 2.13 60 2.15 Computation of Interest and Fees 46 2.14 60 2.16 Inability to Determine Interest Rate 47 2.15 61 2.17 Pro Rata Treatment and Payments 48 2.16 61 2.18 Requirements of Law 50 2.17 63 2.19 Taxes 51 2.18 65 2.20 Indemnity 55 2.19 67 2.21 Change of Lending Office 56 2.20 67 2.22 Replacement of Lenders 56 2.21 67 2.23 Repayment of Loans; Evidence of Debt 68 2.24 Increase in Commitments 68 2.25 Extensions of Term Loans and Revolving Commitments 71 2.26 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. 73 2.27 Refinancing Amendments 75 SECTION 3 LETTERS OF CREDIT 62 76 3.1 LC Commitment 76 3.2 Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions 77 3.3 Fees and Other Charges 77 Page 3.4 Participations 77 3.5 Reimbursement 78 3.6 Obligations Absolute 79 3.7 Disbursement Procedures 79 3.8 Interim Interest 79 3.9 Replacement of the Issuing Lender 80 3.10 Cash Collateralization 80 3.11 Provisions Related to Extended Revolving L/C Commitments 62 Section 4. 81 SECTION 4 REPRESENTATIONS AND WARRANTIES 72 81 4.1 No Change 72 Organization; Power 81 4.2 ExistenceCapital Stock; Compliance with Law 72 Subsidiaries 81 4.3 Power; Authorization; Enforceable Obligations 73 No Conflicts 81 4.4 No Legal Bar 73 Approvals 82 4.5 Enforceability 82 4.6 Litigation 74 4.6 No Default 74 82 4.7 Financial Statements 74 Statements; Projections 82 4.8 Indebtedness 74 Properties 83 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 84 4.10 No Material Misstatements 84 4.11 Taxes 74 Margin Stock 84 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Act 84 4.13 Solvency 84 4.14 Employee Benefit Plans 84 4.15 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 874.16 Taxes 86
Appears in 1 contract
TABLE OF CONTENTS. PAGE ----- SECTION 1. CONSTRUCTION AND DEFINITIONS 1 2 1.1 Defined Terms 1 2 1.2 Other Definitional Provisions 36 Section 14 SECTION 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 15 2.1 Term Commitments 38 Revolving Credit Commitment 15 2.2 Procedure for Term Loan Borrowing 38 Revolving Credit Note 15 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Credit Borrowing 16 2.4 Facility Fee 17 2.5 Default Fees 17 2.6 Payment at Revolving Credit Termination Date 17 2.7 Conversion of Revolving Credit Loans to Convertible Term Loans 17 2.8 Convertible Term Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Units 17 2.9 Convertible Term Loan Note 17 2.10 Principal Prepayments 17 2.11 Interest Rate Conversion Options; Minimum Amount of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Loans 17 2.12 Number and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Amounts of Eurodollar Tranches 46 2.12 17 2.13 Interest Rates and Payment Dates 46 2.13 18 2.14 Computation of Interest and Fees 46 2.14 18 2.15 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and 18 2.16 Payments 48 2.16 18 2.17 Illegality 19 2.18 Requirements of Law 50 2.17 19 2.19 Taxes 51 2.18 20 2.20 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 20 2.21 Defaulting Lenders 57 Certain Calculations 20 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section Revolving Credit Cash Collateral Account 21 SECTION 3. LETTERS OF CREDIT 62 21 3.1 Revolving L/C Commitments 62 Section Letter of Credit Commitment 21 3.2 Procedure for Issuance and Renewal of Letters of Credit 21 3.3 Reimbursement of the Lender 22 3.4 Commissions, Fees and Charges 23 3.5 Interest on Amounts Disbursed under Letters of Credit 23 3.6 Computation of Interest and Fees; Payment not on Business Days 23 3.7 Increased Costs 23 3.8 Nature of Obligations and Indemnities 23 3.9 Inconsistency in Documents 25 3.10 Cash Collateral for Letters of Credit 26 SECTION 4. REPRESENTATIONS AND WARRANTIES 72 26 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Condition 26
Appears in 1 contract
TABLE OF CONTENTS. ARTICLE I DEFINITIONS 1 1.1 1.01 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT 1.02 Accounting Principles 15 ARTICLE II LOANS AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 OVERDRAFTS 15 2.01 Amounts and Terms of Commitment 15 2.02 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Incurring Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional 17 2.03 Conversion and Continuation Elections with Respect to Outstanding Loans 17 2.04 Termination or Reduction of Commitments 41 2.8 the Commitment 18 2.05 Optional Prepayments 41 2.9 Mandatory Prepayments 18 2.06 Repayment of Principal 18 2.07 Interest and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Utilization Fee 19 2.08 Fees 20 2.09 Computation of Fees and Interest 21 2.10 Payments by the Borrowers 21 ARTICLE III LETTERS OF CREDIT 22 3.01 The Letters of Credit Commitment 22 3.02 Terms of the Letters of Credit 23 3.03 Procedure for Issuance of the Letters of Credit 23 3.04 Drawings and Fees 46 2.14 Reimbursements 24 3.05 Reimbursement Obligations Absolute 24 ARTICLE IV TAXES, YIELD PROTECTION AND ILLEGALITY 25 4.01 Taxes 25 4.02 Illegality 27 4.03 Increased Costs and Reduction of Return; Additional Interest on LIBOR Rate Loans 27 4.04 Funding Losses 28 4.05 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment Rates 29 4.06 Certificate of the Bank 29 4.07 Survival 29 ARTICLE V CONDITIONS PRECEDENT 30 5.01 Conditions to Effectiveness of this Agreement 30 5.02 Conditions to Subsequent Advances and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Allocations 31 ARTICLE VI REPRESENTATIONS AND WARRANTIES 72 4.1 31 6.01 Corporate Existence 31 6.02 Non-Contravention 32 6.03 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Consent 32 6.04 Binding Obligations 73 4.4 No Legal Bar 73 4.5 32 6.05 Title to Properties 32 6.06 Subsidiaries 32 6.07 Financial Statements 32 6.08 Litigation 74 4.6 33 6.09 Taxes 33 6.10 ERISA 33 6.11 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 34 6.12 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 34 6.13 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Act 34
Appears in 1 contract
Sources: Credit Agreement (Brinks Co)
TABLE OF CONTENTS. DEFINITIONS ARTICLE 1 INTERPRETATION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section 2Interpretation Not Affected by Headings, etc. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 16 1.3 Article References 16 1.4 Number and Gender 16 1.5 Date for Any Action 16 1.6 Time References 16 1.7 Entire Agreement 16 1.8 Statute and Agreement References 17 1.9 Schedules 17 1.10 Currency 17 1.11 Accounting Matters 17 1.12 Interpretation Not Affected by Party Drafting 17 1.13 Knowledge 17 ARTICLE 2 THE ARRANGEMENT 18 2.1 Term Commitments 38 Plan of Arrangement 18 2.2 Procedure for Term Loan Borrowing 38 Recommendation of the Company Board 18 2.3 Repayment Interim Order 19 2.4 Information Circular and Company Meeting 20 2.5 Preparation of Term Loans 38 2.4 Revolving Commitments Filings 23 2.6 Employee Obligations and Employment-Related Covenants 24 2.7 Treatment of Company Options and Company Restricted Awards 26 2.8 Final Order 26 2.9 Dissenting Shareholders 27 2.10 Payment of Consideration 27 2.11 Company Withholdings 27 2.12 Company Voting Support Agreements 27 ARTICLE 3 COVENANTS 28 3.1 Covenants of Purchaser 28 3.2 Additional Covenants of Purchaser 30 3.3 Covenants of Company 30 3.4 Mutual Covenants Regarding the Arrangement 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 3.5 Regulatory Approvals (Including Competition Act Clearance) 40 2.7 Optional Termination or Reduction 3.6 Provision of Commitments Information and Integration of Operations 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. ARTICLE 4 REPRESENTATIONS AND WARRANTIES 72 42 4.1 No Change 72 Representations and Warranties of Purchaser 42 4.2 Existence; Compliance with Law 72 Representations and Warranties of Company 43 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. Privacy Issues 43 ARTICLE 5 CONDITIONS PRECEDENT 80 44 5.1 Mutual Conditions Precedent 44 5.2 Additional Conditions to Closing Date 80 5.2 Obligations of Purchaser 45 5.3 Additional Conditions to Each Extension Obligations of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Company 47 5.4 Notice and Effect of Existence; Compliance; Contractual Obligations 87Failure to Comply with Conditions 48 5.5 Satisfaction of Conditions 48
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS Article 1 PURCHASE AND SALE 1 Section 1.1 Defined Terms Purchase and Sale 1 Section 1.2 Other Definitional Provisions 36 Certain Definitions 1 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 1.3 Excluded Assets 21 Article 2 PURCHASE PRICE 21 Section 2.1 Term Commitments 38 Purchase Price 21 Section 2.2 Procedure for Term Loan Borrowing 38 Allocation of Purchase Price 22 Section 2.3 Repayment of Term Loans 38 Adjustments to Cash Purchase Price 22 Section 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Closing Cash Payment and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to BailPost-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Closing Purchase Price Adjustments 23 Article 3 REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; OF THE COMPANY AND SELLERS 25 Section 3.1 Sellers 25 Section 3.2 The Company 26 Section 3.3 Subsidiaries 28 Section 3.4 Financial Statements 29 Section 3.5 Labor Matters and Employee Benefits 30 Section 3.6 Litigation 31 Section 3.7 Taxes 32 Section 3.8 Environmental Laws 33 Section 3.9 Compliance with Law 72 Laws 34 Section 3.10 Company Contracts 34 Section 3.11 Consents and Preferential Purchase Rights 34 Section 3.12 Liability for Brokers’ Fees 35 Section 3.13 Outstanding Capital Commitments 35 Section 3.14 Absence of Certain Changes 35 Section 3.15 Governmental Authorizations 35 Section 3.16 Assets of the E&P Business 35 Section 3.17 Insurance 36 Section 3.18 Absence of Undisclosed Liabilities 36 Section 3.19 Payout Balances and Take or Pay 36 Section 3.20 Non-Consent 36 Section 3.21 ▇▇▇▇▇ 37 Section 3.22 Imbalances 37 Section 3.23 Royalties 37 Section 3.24 Leases 37 Section 3.25 Surface Restrictions 37 Section 3.26 Operations of Company Properties 38 Section 3.27 Bankruptcy 38 Section 3.28 Bank Accounts 38 Section 3.29 Intellectual Property 38 Section 3.30 Limitations 39 Article 4 REPRESENTATIONS AND WARRANTIES OF PURCHASER 41 Section 4.1 Existence and Qualification 41 Section 4.2 Power 41 Section 4.3 Power; Authorization; Enforceable Obligations 73 Authorization and Enforceability 41 Section 4.4 No Legal Bar Conflicts 41 Section 4.5 Consents, Approvals or Waivers 42 Section 4.6 Litigation 42 Section 4.7 Financing 42 Section 4.8 Investment Intent 42 Section 4.9 Independent Investigation 42 Section 4.10 Liability for Brokers’ Fees 43 Section 4.11 Qualification 43 Section 4.12 Issuance of Ultimate Parent Shares 43 Section 4.13 SEC Reports 43 Section 4.14 No Registration 43 Section 4.15 Investment Company 44 Section 4.16 NYSE Listing 44 Section 4.17 Form S-3 Eligibility 44 Article 5 COVENANTS OF THE PARTIES 44 Section 5.1 Press Releases 44 Section 5.2 Operation of Business 44 Section 5.3 Conduct of the Company Parties 48 Section 5.4 Indemnity Regarding Access 51 Section 5.5 Commercially Reasonable Efforts; Further Action 51 Section 5.6 Intercompany Indebtedness 51 Section 5.7 Third Person Indebtedness 51 Section 5.8 ▇▇▇▇▇▇ 52 Section 5.9 Further Assurances 52 Section 5.10 Transition Services 52 Section 5.11 Replacement of Bonds, Letters of Credit and Guarantees 52 Section 5.12 Certain Affiliate Agreements 53 Section 5.13 Preference Rights; Consents 53 Section 5.14 Directors’ and Officers’ Indemnification and Insurance 54 Section 5.15 Additional Acreage 54 Section 5.16 Employee and Benefit Plan Matters 55 Section 5.17 Confidentiality 56 Section 5.18 Casualty and Condemnation 56 Section 5.19 Suspended Funds 56 Section 5.20 Updated Schedules 57 Section 5.21 Ultimate Parent Shares 57 Section 5.22 Revised Assignment 57 Article 6 EXAMINATION OF TITLE AND PROPERTIES 58 Section 6.1 Access 58 Section 6.2 Environmental Property Inspection 59 Section 6.3 Exclusive Remedy 60 Section 6.4 Notice of Title Defects and Title Benefits; Remedies 61 Section 6.5 Title Defect Amount; Title Benefit Amount 64 Section 6.6 Notice of Environmental Defects; Remedies 67 Section 6.7 Title and Environmental Dispute Resolution 68 Section 6.8 Special Warranty 68 Article 7 CONDITIONS TO CLOSING 69 Section 7.1 Conditions of Sellers to Closing 69 Section 7.2 Conditions of Purchaser to Closing 70 Article 8 CLOSING 71 Section 8.1 Time and Place of Closing 71 Section 8.2 Obligations of Sellers at Closing 71 Section 8.3 Obligations of Purchaser at Closing 73 4.5 Article 9 TAX MATTERS 74 Section 9.1 Liability for Taxes 74 Section 9.2 Preparation and Filing of Tax Returns 75 Section 9.3 Tax Sharing Agreement 76 Section 9.4 Access to Information 77 Section 9.5 Contest Provisions 77 Section 9.6 Post-Closing Actions Which Affect Sellers’ Tax Liability 79 Section 9.7 Refunds 79 Section 9.8 Cooperation 79 Section 9.9 Section 754 Election 80 Section 9.10 Like-Kind Exchange 80 Section 9.11 Conversion of ▇▇▇▇▇ Energy GP 80 Article 10 TERMINATION AND AMENDMENT 80 Section 10.1 Termination 80 Section 10.2 Effect of Termination 81 Article 11 INDEMNIFICATION; LIMITATIONS 81 Section 11.1 Indemnification 81 Section 11.2 Indemnification Actions 85 Section 11.3 Limitation on Actions 87 Section 11.4 Escrow Claims 89 Article 12 MISCELLANEOUS 90 Section 12.1 Counterparts 90 Section 12.2 Notices 90 Section 12.3 Sales or Use Tax, Recording Fees and Similar Taxes and Fees 92 Section 12.4 Expenses 92 Section 12.5 Company Records 92 Section 12.6 Name Change 93 Section 12.7 Governing Law 93 Section 12.8 Dispute Resolution 93 Section 12.9 Captions 94 Section 12.10 Waivers 94 Section 12.11 Assignment 94 Section 12.12 Entire Agreement 94 Section 12.13 Amendment 94 Section 12.14 No Third-Person Beneficiaries 95 Section 12.15 Headings 95 Section 12.16 References 95 Section 12.17 Construction 95 Section 12.18 Limitation on Damages 95 Section 12.19 Specific Performance 96 Section 12.20 Time of Essence 96 Exhibit A [Reserved] Exhibit B Form of Assignment of Acquired Interests Exhibit C Title/Environmental Disputes Exhibit D [Reserved] Exhibit E Form of Escrow Agreement Exhibit F Form of Registration Rights Agreement Exhibit G Form of Revised Assignment Annex 1 Leases Annex 2 ▇▇▇▇▇ Annex 3 Allocated Value Part A ▇▇▇▇▇ Part B Meramec Leases Part C Woodford Leases Schedule 1.2(o) Company Records Schedule 1.2(bb) Effective Time Net Working Capital Schedule 1.2(nn) Farmout Agreements Schedule 1.2(mmm) Permitted Encumbrances Schedule 1.3 Excluded Assets Schedule 3.2(d) Change of Control Schedule 3.3(a) Subsidiaries Schedule 3.3(d) Equity Interests Schedule 3.3(f) Other Subsidiaries Schedule 3.5(b)(i) Employee Plans Contributed to by Sellers Schedule 3.5(b)(ii) Employee Plans Maintained by the Company Schedule 3.5(b)(vi) Employee Plan Contributions Schedule 3.5(c) List of Business Employees and Business Contractors Schedule 3.6 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership Schedule 3.7 Tax Disclosure Schedule 3.8 Environmental Disclosure Schedule 3.10 Company Contracts Disclosure Schedule 3.11 Preference Rights; Consents Schedule 3.13 Capital Commitment Disclosure Schedule 3.14 Absence of PropertyCertain Changes Disclosure Schedule 3.16 Assets of the E&P Business Disclosure Schedule 3.17 Insurance Schedule 3.18 Undisclosed Liabilities Schedule 3.19 Take or Pay Schedule 3.21 ▇▇▇▇▇ Schedule 3.22 Imbalances Schedule 3.23 Royalties; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Production Proceeds Schedule 3.24 Lease Disclosure Schedule 3.25 Surface Restrictions Schedule 3.26 Operator of Company ▇▇▇▇▇ Schedule 3.28 Bank Accounts Schedule 3.29 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Schedule 3.30(c) Knowledge Schedule 5.2 Capital Expenditure Plans Schedule 5.3 Conduct of the Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use Parties Schedule 5.11 Guarantees to be Replaced Schedule 5.12(a) Terminating Agreements Schedule 5.12(b) Surviving Intercompany Agreements Schedule 5.15(a) Additional Acreage Schedule 5.15(b) Premium for Acquisition of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions New Interests Schedule 6.5(a)(iv) Title Defect – Lease Burdens Schedule 11.1(b)(iii)(D) Exceptions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Retained Liabilities
Appears in 1 contract
Sources: Purchase and Sale Agreement (EnCap Energy Capital Fund X, L.P.)
TABLE OF CONTENTS. DEFINITIONS AND INTERPRETIVE PROVISIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Interpretive Provisions 36 Section 2. AMOUNT AND TERMS 29 ARTICLE 2 NEW VEHICLE FLOORPLAN LINE OF LOAN COMMITMENTS 38 CREDIT 31 2.1 Term Commitments 38 New Vehicle Floorplan Loans 31 2.2 Procedure for Term Loan Borrowing 38 New Vehicle Swing Line Loans 33 2.3 Repayment Terms Applicable to New Vehicle Floorplan Loans and New Vehicle Swing Line Loans 37 2.4 New Vehicle Floorplan Borrowers 40 2.5 Addition of Term New Vehicle Floorplan Dealerships 45 ARTICLE 3 USED VEHICLE FLOORPLAN LINE OF CREDIT 47 3.1 Used Vehicle Floorplan Loans 38 2.4 47 3.2 Used Vehicle Swing Line Loans 50 ARTICLE 4 REVOLVING LINE OF CREDIT 53 4.1 Revolving Commitments 39 2.5 Procedure for Loans 53 4.2 Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders Swing Line Loans 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. ARTICLE 5 LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 59 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension Letter of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 Commitment 60 5.2 Existing Letters of Credit 60 5.3 LC Agreements 60 5.4 Expiry Date 60 5.5 Requests for Letters of Credit 60 5.6 Participation in Letters of Credit 61 5.7 Payments 61 5.8 Terms Satisfactory to LC Issuer 62 5.9 Obligations Absolute 62 5.10 Letter of Credit Fees 63 5.11 LC Collateral Account 63 5.12 Borrower Indemnification 63 5.13 Lenders’ Indemnification 64 ARTICLE 6 CERTAIN ADDITIONAL PROVISIONS 64 6.1 Financial Statements 84 Interest 64 6.2 Certificates; Other Information 85 Evidence of Debt 65 6.3 Maintenance Borrowing Procedure 65 6.4 Obligations Several 66 6.5 Non-Receipt of Existence; Compliance; Contractual Obligations 87Funds by Agent 66 6.6 Authorization 66 6.7 Interest and Fee Basis 67 6.8 Method of Payment 67 6.9 Payment by Automatic Debit 67 6.10 Late Charges 67 6.11 Limitation of Interest 68 6.12 Increase Option 69 6.13 Authorization 70 6.14 Defaulting Lenders 70
Appears in 1 contract
Sources: Loan Agreement (Lithia Motors Inc)
TABLE OF CONTENTS. Page 1. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section Construction 55 1.3 Accounting Terms; Changes in GAAP 57 1.4 UCC Terms 57 1.5 References to Agreement and Laws 57 1.6 Times of Day 57 1.7 Letter of Credit Amounts 57 1.8 Exchange Rates; Currency Equivalents 58 1.9 Benchmark Exculpation 58 1.10 Delaware Divisions 58 1.11 Feeders and Blockers 59 2. AMOUNT REVOLVING CREDIT LOANS AND TERMS LETTERS OF LOAN COMMITMENTS 38 CREDIT 59 2.1 Term Commitments 38 The Commitment 59 2.2 Procedure for Term Revolving Credit Commitment 60 2.3 Manner of Borrowing 60 2.4 Minimum Loan Borrowing 38 2.3 Repayment Amounts 62 2.5 Funding 62 2.6 [Reserved] 63 2.7 Interest 63 2.8 Determination of Term Loans 38 2.4 Rate 64 2.9 Letters of Credit 64 2.10 Qualified Borrowers 68 2.11 Use of Proceeds 69 2.12 Fees 69 2.13 Unused Commitment Fee 70 2.14 Letter of Credit Fees 70 2.15 Increase in the Maximum Commitment 70 2.16 Extension of Stated Maturity Date 72 3. PAYMENT OF OBLIGATIONS 73 3.1 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Credit Notes 73 3.2 Payment of Obligations 73 3.3 Payment of Interest 73 3.4 Payments on the Obligations 74 3.5 Prepayments 75 3.6 Reduction or Early Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments 76 3.7 Lending Office 77 3.8 Joint and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Several Liability 77 4. CHANGE IN CIRCUMSTANCES 78 4.1 Taxes 78 4.2 Illegality 82 4.3 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment Rates 83 4.4 Permanent Discontinuance of SOFR and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Other Benchmarks 83 4.5 Increased Cost and Capital Adequacy 87 4.6 Funding Losses 89 4.7 Requests for Compensation 89 4.8 Survival 90 4.9 Mitigation Obligations; Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent 90 4.10 Cash Collateral 91 5. SECURITY 92 5.1 Liens 92 5.2 The Collateral Accounts; Drawdowns 92 5.3 Agreement to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Deliver Additional Collateral Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 593 5.4 Subordination 94 6. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension TO LENDING 94 6.1 Obligations of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87the Lenders 94
Appears in 1 contract
Sources: Revolving Credit Agreement (AGL Private Credit Income Fund)
TABLE OF CONTENTS. DEFINITIONS Interpretation 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section Rules of Construction 12 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 Corporate Governance 13 2.1 Term Commitments 38 Board 13 2.2 Procedure for Term Loan Borrowing 38 Other Activities of the Stockholders; Fiduciary Duties 15 2.3 Repayment Grant of Term Loans 38 Proxy 15 2.4 Revolving Commitments 39 Observer Rights 15 2.5 Procedure for Revolving Loan Borrowing 39 Outside Directors 16 2.6 Fees 40 Board Meetings 16 2.7 Optional Termination Audit and Compensation Committees 16 2.8 Significant Actions 17 3. Issuance of Securities 18 3.1 Issuances of Capital Stock or Reduction Common Stock Equivalents 18 3.2 Issuances of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Employee Incentive Securities 18 3.3 Preemptive Rights 18 4. Transfers of Securities and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates Transfers 21 4.1 Restrictions on Transfer 21 4.2 Restrictive Legends 21 4.3 Notice of Proposed Transfers 22 4.4 Termination of Certain Restrictions 23 4.5 Exempt Transfers 23 4.6 Sales by Minority Stockholders 24 4.7 Certain Third Party Sales 25 4.8 Rights of First Refusal – Onex and Payment Dates 46 2.13 Computation OMERS 25 4.9 Tag Along Rights 27 4.10 Drag Along Rights 28 4.11 Involuntary Transfers 31 4.12 General Provisions Relating to Certain Sales of Interest Securities 35 4.13 All Stockholders to Be Bound 37 4.14 Certain Events Not Deemed Transfers 37 4.15 Transfer and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Exchange 37 4.16 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section Securities 37 5. CONDITIONS PRECEDENT 80 Public Offerings 38 5.1 Conditions to Closing Date 80 Qualified IPO 38 5.2 Conditions to Each Extension Secondary Offering in Connection with Qualified IPO 38 5.3 Demand Registrations 38 5.4 Piggyback Registrations 41 5.5 Holdback Agreement 42 5.6 Registration Procedures 43 5.7 Suspension of Credit 83 Section Dispositions 46 5.8 Registration Expenses 47 5.9 Indemnification 47 5.10 Further Assurances 50 6. AFFIRMATIVE COVENANTS 84 Option By Certain Unaccredited Stockholders 50 6.1 Financial Statements 84 Grant of Option 50 6.2 CertificatesOption Transaction 51 6.3 Exercise of Option 51 6.4 Closing 51 6.5 Exercise Price 52 6.6 Assignment of Option 52 7. Confidentiality, Non-Competition and Non-Solicitation 52 7.1 Acknowledgement 52 7.2 Covenants 52 7.3 Exceptions 54 7.4 Reasonable Restrictions 55 8. Miscellaneous 55 8.1 Implementation 55 8.2 Notices 55 8.3 Successors and Assigns 56 8.4 Remedies 57 8.5 Termination 57 8.6 Legal Holidays 57 8.7 Governing Law 57 8.8 Severability 57 8.9 No Waivers; Other Information 85 6.3 Maintenance Amendments 57 8.10 Currency 58 8.11 Sections and Headings 58 8.12 Entire Agreement 58 8.13 Duplicate Originals 58 8.14 Time of Existence; Compliance; Contractual Obligations 87Essence 58 8.15 Number and Gender 58 8.16 Ceasing to Be a Party 58 8.17 Change in Securities 58 8.18 Securities Subsequently Acquired 59 8.19 Registration of Securities 59 THIS AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (this “Stockholders Agreement”) dated as of August 15, 2000, is entered into by and among ClientLogic Corporation, a Delaware corporation, formerly known as CustomerONE Holding Corporation (including its successors, the “Corporation”), and the securityholders listed on Schedule A attached hereto, including those who subsequently are listed on Schedule A as a result of executing a Joinder Agreement.
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 ARTICLE I THE MERGER 2 Section 1.1 Defined Terms 1 The Merger 2 Section 1.2 Closing 2 Section 1.3 Effective Time 3 Section 1.4 Effects of the Merger 3 Section 1.5 Bylaws 3 Section 1.6 Certificate of Incorporation 3 Section 1.7 Directors and Officers 3 Section 1.8 Effect on Capital Stock 4 Section 1.9 Dissenting Shares 5 Section 1.10 Parent Stock Options and Other Definitional Provisions 36 Derivative Securities 6 Section 2. AMOUNT AND TERMS 1.11 Company Stock Options 6 Section 1.12 Certain Adjustments 7 Section 1.13 Tax Consequences 7 ARTICLE II EXCHANGE OF LOAN COMMITMENTS 38 SHARES 7 Section 2.1 Term Commitments 38 Exchange Agent 7 Section 2.2 Procedure for Term Loan Borrowing 38 Exchange Procedures 8 Section 2.3 Repayment No Further Ownership Rights 9 Section 2.4 No Fractional Shares of Term Loans 38 2.4 Revolving Commitments 39 Parent Common Stock 9 Section 2.5 Procedure for Revolving Loan Borrowing 39 Termination of Exchange Fund 10 Section 2.6 Fees 40 No Liability 10 Section 2.7 Optional Termination or Reduction of Commitments 41 Lost Certificates 10 Section 2.8 Optional Prepayments 41 Withholding Rights 10 Section 2.9 Mandatory Prepayments and Commitment Reductions 42 Further Assurances 10 Section 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Stock Transfer Books 11 ARTICLE III REPRESENTATIONS AND WARRANTIES 72 4.1 OF THE COMPANY 11 Section 3.1 Organization, Standing and Power; Organizational Documents; Subsidiaries 11 Section 3.2 Capital Structure 12 Section 3.3 Corporate Authority 14 Section 3.4 Governmental Filings; No Change 72 4.2 ExistenceViolations, Etc 15 Section 3.5 Company Reports; Financial Statements 16 Section 3.6 Absence of Certain Changes 18 Section 3.7 No Undisclosed Material Liabilities 18 Section 3.8 Litigation 18 Section 3.9 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Laws 19 Section 3.10 Properties 20 Section 3.11 Contracts 20 Section 3.12 Employee Benefit Plans 22 Section 3.13 Labor Matters 25 Section 3.14 Tax 26 Section 3.15 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8730
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 1.1. Defined Terms 1 1.2 Other Definitional Provisions 36 Section 1.2. Construction of Certain Terms and Phrases 8 2. AMOUNT SALE AND TERMS PURCHASE OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment ASSETS 8 2.1. Purchased Assets 8 2.2. Assumed and Excluded Liabilities 9 2.3. The Closing 10 2.4. Purchase Price 10 2.5. Payment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section the Purchase Price 12 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section PRE-CLOSING COVENANTS AND UNDERTAKINGS 13 3.1. Satisfaction of Closing Conditions 13 3.2. Conduct of the Business of the Company Prior to Closing 13 3.3. Consents and Approvals 14 3.4. Access, Information and Confidentiality 16 3.5. Delivery of Financial Statements and Regulatory Filings 17 3.6. Public Announcements 17 3.7. Damage to the Purchased Assets 17 4. ADDITIONAL AGREEMENTS 18 4.1. Intentionally Deleted 18 4.2. Employee and Benefit Matters 18 4.3. Guaranties or Bonds 18 4.4. Agreement Not to Solicit Employees 19 4.5. Insurance Claims 19 4.6. Accounts Receivable 19 5. REPRESENTATIONS AND WARRANTIES 72 4.1 OF THE COMPANY AND RMO REGARDING THE COMPANY 20 5.1. Organization and Good Standing of the Company; Foreign Qualifications 20 5.2. Capitalization of the Company 20 5.3. Financial Statements; Undisclosed Liabilities 21 5.4. Taxes 21 5.5. Tangible Personal Property 21 5.6. Enforceability; Authority; No Change 72 4.2 ExistenceConflict; No Consents 22 5.7. Absence of Changes 22 5.8. Material Claims 24 5.9. Permits; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of With Laws 24 5.10. Real Property 24 5.11. Intellectual Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsSoftware 24 5.12. Company Contracts 25 5.13. Labor Matters 26 5.14. ERISA and Related Matters 26 5.15. Guaranties or Bonds 27 5.16. Employees 27 5.17. Environmental Matters 28 5.18. Insurance Coverage 28 5.19. Governmental Filings: No Violations 29 5.20. Investment 29 5.21. Gratuitous Payments 29 5.22. Disclosures 30 5.23. Litigation 30 5.24. Intentionally Deleted 31 5.25. Regulatory Matters 31 5.26. Affiliate Transactions 31 5.27. Sufficiency of Assets 31 6. INTENTIONALLY DELETED 31 7. REPRESENTATIONS AND WARRANTIES OF PARENT 31 7.1. Organization and Standing 31 7.2. Corporate Power and Authority; Enforceability 31 7.3. No Violation or Conflict by Parent 32 7.4. Parent Governmental Approvals 32 7.5. Litigation Against Parent 32 7.6. Knowledge of Inaccuracies 32 7.7. Investigations 33 7.8. “As Is” Condition 33 8. CONDITIONS PRECEDENT TO OBLIGATIONS OF PARENT 33 8.1. Representations True at the Closing 33 8.2. Covenants of RMO 33 8.3. No Injunction, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use 34 8.4. Consents, Approvals and Waivers 34 8.5. Consents for Acquired Contracts 34 8.6. Absence of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy Material Adverse Effect 34 8.7. Termination of InformationCertain Contracts 34 8.8. Due Diligence 35 9. CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE COMPANY 35 9.1. Representations True at Closing 35 9.2. Covenants of Parent 35 9.3. No Injunction, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T 35 9.4. Consents, Approvals and Regulation U 80 4.27 AML LawsWaivers 36 10. TRANSACTIONS AT CLOSING 36 10.1. Transactions at Closing 36 11. SURVIVAL OF REPRESENTATION AND WARRANTIES; AntiINDEMNIFICATION 37 11.1. Survival of Representations, Warranties and Agreements 37 11.2. Agreements to Indemnify Parent Indemnitees 38 11.3. Agreements to Indemnify the Company Indemnitees 38 11.4. Recoveries 38 11.5. Survival 39 11.6. Notice and Defense of Actions 39 11.7. Exclusive Remedy 41 11.8. Treatment 41 12. TERMINATION 42 12.1. Method of Termination 42 12.2. Termination Fee 42 12.3. Procedure and Effect of Termination 43 13. GENERAL PROVISIONS 43 13.1. Notices 43 13.2. Brokers 45 13.3. Expenses 45 13.4. Further Assurances 45 13.5. Attribution of Knowledge 45 13.6. Waiver 46 13.7. Assignment; Binding Effect; No Third-Corruption Laws Party Beneficiaries 46 13.8. Headings 46 13.9. Entire Agreement 46 13.10. Modifications 46 13.11. Governing Law 47 13.12. Severability 47 13.13. Counterparts 47 13.14. Exhibits and Sanctions 80 4.28 Lines Schedules Incorporated 47 13.15. Joint Preparation 47 13.16. Performance by Affiliates 48 13.17. Consent to Jurisdiction; Waivers of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Trial by Jury 48
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS Preliminary Statement 1 1.1 ARTICLE I - Defined Terms 1 1.2 Other Definitional ARTICLE II - Name and Business 11 2.1 Name; Continuation 11 2.2 Office and Resident Agent 11 2.3 Purpose 11 2.4 Term and Dissolution 11 ARTICLE III -Mortgage, Refinancing and Disposition of Property 12 ARTICLE IV - Partners; Capital 12 4.1 Capital and Capital Accounts 12 4.2 General Partners 13 4.3 Investment Limited Partner, Special Limited Partner and Original Limited Partner 13 4.4 Liability of the Limited Partners 14 4.5 Special Rights of the Investment Limited Partner and the Special Limited Partner 14 4.6 Meetings 15 ARTICLE V - Capital Contributions of the Investment Limited Partner 15 5.1 Payments 15 5.2 Return of Capital Contributions 18 5.3 Default by Investment Limited Partner 20 ARTICLE VI - Rights, Powers and Duties of General Partners 21 6.1 Authorized Acts 21 6.2 Restrictions on Authority 22 6.3 Personal Services 23 6.4 Business Management and Control; Tax Matters Partner 24 6.5 Duties and Obligations 24 6.6 Representations and Warranties 26 6.7 Liability on the Mortgages 28 6.8 Indemnification of the General Partners 28 6.9 Indemnification of the Partnership and the Limited Partners 29 6.10 Operating Deficits 30 6.11 Obligation to Complete the Rehabilitation of the Apartment Complex 30 6.12 Certain Payments to the General Partners and Others 32 6.13 Delegation of General Partner Authority 32 6.14 Assignment to Partnership 33 ARTICLE VII - Withdrawal of a General Partner; New General Partners 33 7.1 Withdrawal 33 7.2 Obligation to Continue 33 7.3 Withdrawal of All General Partners 34 7.4 Interest of General Partner After Permitted Withdrawal 34 ARTICLE VIII - Transferability of Limited Partner Interests 34 8.1 Assignments 34 8.2 Substituted Limited Partner 35 8.3 Restrictions 35 ARTICLE IX - Borrowings 36 ARTICLE X - Profits, Losses, Tax Credits, Distributions and Capital Accounts 36 10.1 Profits, Losses and Tax Credits 36 10.2 Cash Distributions Prior to Dissolution 37 10.3 Distributions Upon Dissolution 38 10.4 Special Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment 39 10.5 Authority of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments the General Partners to Vary Allocations to Preserve and Commitment Reductions Protect the Partners' Intent 42 2.10 Conversion ARTICLE XI - Management Agent 42 ARTICLE XII - Books and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsRecords, Accounting, Tax Elections, Etc. 75 4.14 Federal Reserve 44 12.1 Books and Records 44 12.2 Bank Accounts 44 12.3 Auditors 44 12.4 Cost Recovery and Elections 45 12.5 Special Basis Adjustments 45 12.6 Fiscal Year 45 12.7 Information to Partners 45 ARTICLE XIII - General Provisions 49 13.1 Restrictions by Reason of Section 708 of the Code 49 13.2 Amendments to Certificate 49 13.3 Notices 49 13.4 Word Meanings 49 13.5 Binding Effect 50 13.6 Applicable Law 50 13.7 Counterparts 50 13.8 Financing Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use 50 13.9 Separability of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy Provisions 50 13.10 Paragraph Titles 50 13.11 Amendment Procedure 50 13.12 Extraordinary Limited Partner Expenses 50 13.13 Time of InformationAdmission 51 ARTICLE XIV - Certain Restrictions 51 14.1 City Requirements In General 51 14.2 LDA Requirements 51 14.3 Regulatory Requirements 52 14.4 HTF Requirements 52 ANGELOU ASSOCIATES, EtcL.P. AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP Preliminary Statement Angelou Associates, L.P. (t▇▇ "▇▇▇tnership") was formed as a New York limited partnership pursuant to a Limited Partnership Agreement dated March 30, 1997 (the "Original Agreement") by and among Angelou of Harlem, Inc. as ▇▇▇▇▇▇▇ partner and Harlem Congregations for Community Improvement, Inc. as the limited partner (the "Original Limited Partner"). 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T A Certificate of Limited Partnership with respect thereto (the "Original Certificate") was filed in the Filing Office on April 16, 1997. Certain capitalized terms used herein shall have the respective meanings specified in Article I. In consideration of mutual agreements set forth herein, it is agreed and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws certified, and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87the Original Agreement is hereby amended and restated in its entirety, as follows:
Appears in 1 contract
Sources: Agreement of Limited Partnership (Boston Capital Tax Credit Fund Iv Lp)
TABLE OF CONTENTS. DEFINITIONS ARTICLE 1 INTERPRETATION 2 1.1 Defined Terms 1 Definitions 2 1.2 Other Definitional Provisions 36 Section 2. AMOUNT Purpose, Powers and Principal Place of Business 6 1.3 Number, Gender 7 1.4 Headings 7 1.5 Severability 7 1.6 Entire Agreement 7 1.7 Amendments 7 1.8 Date for any Action 8 1.9 Rights and Remedies 8 1.10 Governing Law 8 1.11 Exhibits and Schedules 8 1.12 Preamble 9 1.13 Enurement 9 ARTICLE 2 CAPITAL STRUCTURE; ALLOCATIONS AND TERMS OF LOAN COMMITMENTS 38 DISTRIBUTIONS 9 2.1 Term Commitments 38 Units 9 2.2 Procedure for Term Loan Borrowing 38 Unit Certificates 9 2.3 Repayment Capital Accounts 10 ARTICLE 3 GOVERNANCE AND OTHER MATTERS 10 3.1 Board of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Managers 10 3.2 Vote 11 3.3 Quorum 12 3.4 Fundamental Changes 12 3.5 Meetings of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Board of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Managers 14 3.6 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership 15 3.7 Fiscal Year 15 3.8 Qualification in Other Jurisdictions 15 3.9 Officers 15 3.10 Name, Logos and Communications 16 ARTICLE 4 MANAGEMENT OF THE COMPANY 16 4.1 Management Committee 16 4.2 Resources 18 ARTICLE 5 BOARD OF MANAGERS OR MEMBERS DEADLOCK 18 5.1 Consultation with Senior Officers 18 5.2 Deadlock Offer 18 5.3 Conditions of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsDeadlock Offer prior to June 30, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 2012 18 5.4 Deadlock Sale 19 ARTICLE 6 INFORMATION RIGHTS 20 6.1 Financial Statements 84 20 6.2 CertificatesAccess to Drafts 21 6.3 Reporting Requirements of the Members 21 6.4 Material Events 21 ARTICLE 7 PRE-EMPTIVE RIGHTS AND FUNDINGS 21 7.1 Pre-Emptive Rights 21 7.2 Funding Obligations 22 ARTICLE 8 FAIR MARKET VALUE 24 8.1 Fair Market Value 24 8.2 Exception 24 ARTICLE 9 RESTRICTIONS ON TRANSFER 24 9.1 No Transfer 24 9.2 Right of First Refusal 24 ARTICLE 10 TAG ALONG AND DRAG ALONG 28 10.1 Tag Along 28 10.2 Drag Along 28 ARTICLE 11 CALL RIGHT 29 11.1 Call Right 29 ARTICLE 12 CLOSING 30 12.1 Procedure and Closing for Sale of Purchased Securities 30 ARTICLE 13 PERMITTED TRANSFERS 32 13.1 Permitted Transfers 32 ARTICLE 14 NON-COMPETITION AND NON-SOLICITATION 32 14.1 Non-Competition 32 14.2 Non-Solicitation 32 ARTICLE 15 ARBITRATION 33 15.1 Notice; Other Information 85 6.3 Maintenance Negotiation 33 15.2 Arbitration 33 15.3 Costs of Existencethe Arbitration 33 ARTICLE 16 GENERAL PROVISIONS 34 16.1 Members Agreement 34 16.2 Termination of Agreement 34 16.3 Notices 34 16.4 Counterparts 35 16.5 New Member 35 16.6 Company Bound 35 16.7 Expenses 35 16.8 Indemnification 35 THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ▇▇▇▇▇▇▇▇ LABOPHARM, LLC made this 20th day of May 2010. AMONG: LABOPHARM PHARMACEUTICALS, LLC, a limited liability company incorporated pursuant to the laws of Delaware with its principal office at ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇; Compliance; Contractual Obligations 87(hereinafter the “Company”);
Appears in 1 contract
Sources: Limited Liability Company Agreement (Labopharm Inc)
TABLE OF CONTENTS. DEFINITIONS ARTICLE I. 1 1.1 Defined Terms Leased Property; Term. 1 1.2 Other Definitional Provisions 36 Section 2ARTICLE II. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2 2.1 Term Commitments 38 2.2 Procedure Definitions 2 ARTICLE III. 12 3.1 Rent. 12 3.2 [Intentionally Omitted] 13 3.3 [Intentionally Omitted] 14 3.4 [Intentionally Omitted] 14 3.5 Additional Charges 14 3.6 Late Payment of Rent 14 3.7 Net Lease 14 ARTICLE IV. 14 4.1 Impositions. 14 4.2 Utilities 16 4.3 Insurance 16 4.4 Impound Account 16 4.5 Tax Service 16 4.6 Initial Facility Mortgages 16 ARTICLE V. 17 5.1 No Termination, Abatement, etc 17 5.2 Termination with Respect to Fewer than All of the Facilities 18 ARTICLE VI. 18 6.1 Ownership of the Leased Property 18 6.2 Personal Property 18 6.3 Transfer of Personal Property and Capital Additions to Lessor 18 ARTICLE VII. 19 7.1 Condition of the Leased Property 19 7.2 Use of the Leased Property. 19 7.3 Lessor to Grant Easements, etc 20 7.4 Preservation of Facility Value 20 ARTICLE VIII. 21 8.1 Compliance with Legal and Insurance Requirements, Instruments, etc 21 ARTICLE IX. 21 9.1 Maintenance and Repair. 21 9.2 Encroachments, Restrictions, Mineral Leases, etc 22 ARTICLE X. 23 10.1 Construction of Capital Additions to the Leased Property. 23 10.2 Construction Requirements for Term Loan Borrowing 38 2.3 Repayment all Capital Additions 24 10.3 Funding by Lessor. 25 10.4 Capital Additions Financed by Lessee 26 ARTICLE XI. 27 11.1 Liens 27 ARTICLE XII. 27 12.1 Permitted Contests 27 ARTICLE XIII. 28 13.1 General Insurance Requirements 28 13.2 Replacement Cost 29 13.3 Additional Insurance 29 13.4 Waiver of Subrogation 30 13.5 Policy Requirements 30 13.6 Increase in Limits 30 13.7 Blanket Policies and Policies Covering Multiple Locations 30 13.8 No Separate Insurance 31 ARTICLE XIV. 31 14.1 Insurance Proceeds 31 14.2 Insured Casualty. 31 14.3 Uninsured Casualty 32 14.4 No Abatement of Rent 32 14.5 Waiver 32 14.6 Damage Near End of Term Loans 32 ARTICLE XV. 33 15.1 Condemnation. 33 15.2 Award-Distribution 33 15.3 Temporary Taking 33 ARTICLE XVI. 33 16.1 Events of Default 33 16.2 Certain Remedies 36 16.3 Damages 36 16.4 Receiver 37 16.5 Lessee's Obligation to Purchase 38 2.4 Revolving Commitments 16.6 Waiver 38 16.7 Application of Funds 38 16.8 [Reserved] 38 16.9 [Reserved] 38 16.10 Landlord's Security Interest 38 ARTICLE XVII. 39 2.5 Procedure 17.1 Lessor's Right to Cure Lessee's Default 39 ARTICLE XVIII. 40 18.1 Purchase of the Leased Property 40 ARTICLE XIX. 40 19.1 Renewal Terms 40 ARTICLE XX. 40 20.1 Holding Over 40 ARTICLE XXI. 41 21.1 Letters of Credit 41 21.2 Times for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Obtaining Letters of Credit 41 21.3 Reduction in Letter of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Credit Amount 42 21.4 Uses of Letters of Credit 42 ARTICLE XXII. 42 22.1 Risk of Loss 42 ARTICLE XXIII. 42 23.1 General Indemnification 42 ARTICLE XXIV. 43 24.1 Subletting and Commitment Reductions 42 2.10 Conversion Assignment. 43 24.2 Consent 44 24.3 Costs 46 24.4 No Release of Lessee's Obligations 46 24.5 Assignment of Lessee's Rights Against Sublease 46 24.6 Reserved 47 24.7 REIT Protection 47 24.8 Prepaid Rent 47 ARTICLE XXV. 47 25.1 Officer's Certificates and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates Financial Statements. 47 25.2 Charges 49 ARTICLE XXVI. 50 26.1 Lessor's Right to Inspect and Payment Dates 46 2.13 Computation Show the Leased Property and Capital Additions 50 ARTICLE XXVII. 50 27.1 No Waiver 50 ARTICLE XXVIII. 50 28.1 Remedies Cumulative 50 ARTICLE XXIX. 50 29.1 Acceptance of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law Surrender 50 2.17 Taxes ARTICLE XXX. 50 30.1 No Merger 50 ARTICLE XXXI. 50 31.1 Conveyance by Lessor 50 31.2 New Lease 51 2.18 ARTICLE XXXII. 52 32.1 Quiet Enjoyment 52 ARTICLE XXXIII. 52 33.1 Notices 52 ARTICLE XXXIV. 53 34.1 Appraiser 53 ARTICLE XXXV. 54 ARTICLE XXXVI. 54 36.1 Lessor May Grant Liens 54 36.2 Attornment 54 ARTICLE XXXVII. 55 37.1 Hazardous Substances 55 37.2 Notices 55 37.3 Remediation 55 37.4 Indemnity 55 2.19 Change 37.5 Environmental Inspection 56 ARTICLE XXXVIII. 57 38.1 Memorandum of Lending Office 56 2.20 Replacement Lease 57 ARTICLE XXXIX. 57 39.1 Sale of Lenders 56 2.21 Defaulting Lenders Assets 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3ARTICLE XL. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 457 40.1 Subdivision 57 ARTICLE XLI. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc58 41.1 Authority 58 ARTICLE XLII. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc58 42.1 Attorneys' Fees 58 ARTICLE XLIII. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 558 43.1 Brokers 58 ARTICLE XLIV. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8759 44.1
Appears in 1 contract
Sources: Master Lease (Emeritus Corp\wa\)
TABLE OF CONTENTS. ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 1.1 1.01 Defined Terms 1 1.2 Other Definitional 1.02 Interpretive Provisions 36 Section 2. AMOUNT 20 1.03 Accounting Terms and Provisions 20 1.04 Rounding 21 1.05 Times of Day 21 ARTICLE II REVOLVING COMMITMENTS AND TERMS OF LOAN COMMITMENTS 38 2.1 Term CREDIT EXTENSIONS 21 2.01 Revolving Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 21 2.02 Borrowings, Conversions and Continuations 21 2.03 [Reserved 22 2.04 [Reserved] 22 2.05 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional 23 2.06 Prepayments 23 2.07 Termination or Reduction of Revolving Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 24 2.08 Interest 24 2.09 Fees 25 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 25 2.11 Payments Generally; Administrative Agent’s Clawback 25 2.12 Sharing of Payments By Lenders 27 2.13 Evidence of Debt 28 2.14 Joint and Several Liability 28 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 29 3.01 Taxes 29 3.02 Illegality 32 3.03 Inability to Determine Interest Rates 32 3.04 Increased Costs; Reserves on Eurodollar Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Loans 32 3.05 Compensation for Losses 34 3.06 Mitigation Obligations; Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent 34 3.07 Survival 34 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 35 4.01 Conditions to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Initial Credit Extensions 35 4.02 Conditions to all Credit Extensions 37 ARTICLE V REPRESENTATIONS AND WARRANTIES 72 4.1 38 5.01 Organization; Powers 38 5.02 Authorization; Enforceability 38 5.03 Governmental Approvals; No Conflicts 38 5.04 Financial Condition; No Material Adverse Change 72 4.2 Existence; 38 5.05 Properties 39 5.06 Litigation and Environmental Matters 39 5.07 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Laws and Agreements 39 5.08 Use of Proceeds 77 4.20 Environmental 40 5.09 Taxes 40 5.10 ERISA 40 5.11 Disclosure 40 5.12 Subsidiaries 40 5.13 Insurance 40 5.14 Labor Matters 77 4.21 Accuracy 40 5.15 Solvency 41 5.16 Margin Regulations; Investment Company Act 41 5.17 Taxpayer Identification Number; Other Identifying Information 41 ARTICLE VI AFFIRMATIVE COVENANTS 41 6.01 Financial Statements and Other Information 41 6.02 Notices of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML LawsMaterial Events 42 6.03 Information Regarding Loan Parties 43 6.04 Existence; Anti-Corruption Laws and Sanctions 80 4.28 Lines Conduct of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension 43 6.05 Payment of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Obligations 44 6.06 Maintenance of Existence; Compliance; Contractual Obligations 87Properties 44 6.07 Insurance 44 6.08 [Reserved] 44
Appears in 1 contract
TABLE OF CONTENTS. I. DEFINITIONS 1 1.1 Defined Accounting Terms 1 1.2 Other Definitional Provisions 36 Section 2General Terms 1 1.3 Uniform Commercial Code Terms 21 1.4 Certain Matters of Construction 21 II. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 ADVANCES, PAYMENTS 22 2.1 Term Commitments 38 Revolving Advances 22 2.2 Procedure for Term Loan Borrowing 38 Advances 23 2.3 Disbursement of Advance Proceeds 25 2.4 Maximum Advances 26 2.5 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Advances 26 2.6 Repayment of Excess Advances 27 2.7 Statement of Account 27 2.8 Letters of Credit 27 2.9 Issuance of Letters of Credit 28 2.10 Requirements For Issuance of Letters of Credit 29 2.11 Additional Payments 31 2.12 Manner of Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 31 2.13 Reserved 33 2.14 Use of Proceeds 33 2.15 Defaulting Lender 33 III. INTEREST AND FEES 34 3.1 Interest 34 3.2 Letter of Credit Fees 35 3.3 Facility Fee 36 3.4 Collateral Fees 36 3.5 Initial Fee 36 3.6 Computation of Interest and Fees 46 2.14 Inability to Determine 37 3.7 Maximum Charges 37 3.8 Increased Costs 37 3.9 Basis For Determining Interest Rate 47 2.15 Pro Rata Treatment Inadequate or Unfair 38 3.10 Capital Adequacy 38 IV. COLLATERAL: GENERAL TERMS 39 4.1 Security Interest in the Collateral 39 4.2 Perfection of Security Interest 40 4.3 Disposition of Collateral 40 4.4 Preservation of Collateral 40 4.5 Ownership of Collateral 41 4.6 Defense of Agent’s and Payments Lenders’ Interests 41 4.7 Books and Records 42 4.8 Financial Disclosure 42 4.9 Compliance with Laws 42 4.10 Inspection of Premises 43 4.11 Insurance 43 4.12 Failure to Pay Insurance 44 4.13 Payment of Taxes 44 4.14 Payment of Leasehold Obligations 45 4.15 Receivables 45 4.16 Maintenance of Equipment 48 2.16 Requirements 4.17 Exculpation of Law 50 2.17 Taxes Liability 48 4.18 Environmental Matters 49 4.19 Financial Statements 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. V. REPRESENTATIONS AND WARRANTIES 72 4.1 51 5.1 Authority 51 5.2 Formation and Qualification 52 5.3 Survival of Representations and Warranties 52 5.4 Tax Returns 52 5.5 Financial Statements 53 5.6 Corporate Name 54 5.7 O.S.H.A. and Environmental Compliance 54 5.8 Solvency; No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 Litigation, Violation, Indebtedness or Default 54 5.9 Patents, Trademarks, Copyrights and Licenses 56 5.10 Licenses and Permits 56 5.11 Default of Indebtedness 56 5.12 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve 56 5.13 No Burdensome Restrictions 57 5.14 No Labor Disputes 57 5.15 Margin Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 57 5.16 Investment Company Act; Other Act 57 5.17 Disclosure 57 5.18 Hedging Contracts 57 5.19 Conflicting Agreements 58 5.20 Application of Certain Laws and Regulations 76 4.18 Capitalization; 58 5.21 Business and Property of the Loan Parties 58 5.22 Section 20 Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; 58 5.23 Anti-Corruption Terrorism Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of 58 5.24 Credit 83 Section 6Card Agreements 59 VI. AFFIRMATIVE COVENANTS 84 59 6.1 Payment of Fees 59 6.2 Conduct of Business and Maintenance of Existence and Assets 59 6.3 Violations 60 6.4 Government Receivables 60 6.5 Fixed Charge Coverage Ratio 60 6.6 Threshold Availability 60 6.7 Execution of Supplemental Instruments 61 6.8 Payment of Indebtedness 61 6.9 Standards of Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance 61 6.10 Anti-Terrorism Laws 61 VII. NEGATIVE COVENANTS 61 7.1 Merger, Consolidation, Acquisition and Sale of Existence; Compliance; Contractual Obligations 87Assets 62 7.2 Creation of Liens 62 7.3 Guarantees 62 7.4 Investments 62 7.5 Loans 62 7.6 Capital Expenditures 63 7.7 Dividends 63 7.8 Indebtedness 64 7.9 Nature of Business 64 7.10 Transactions with Affiliates 64 7.11 Leases 64 7.12 Subsidiaries 65 7.13 Fiscal Year and Accounting Changes 65 7.14 Pledge of Credit 65
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Lesco Inc/Oh)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment CREDIT 3 1.1 Credit Facilities 3 1.2 Letters of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Credit 17 1.3 Prepayments 18 1.4 Use of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Proceeds 22 1.5 Interest and Applicable Margins 23 1.6 Fees 46 2.14 Inability 28 1.7 Receipt of Payments 29 1.8 Application and Allocation of Payments 30 1.9 Loan Accounts and Accounting 31 1.10 Indemnity 33 1.11 Taxes 36 1.12 Capital Adequacy; Increased Costs; Illegality 41 1.13 Currency Conversion 43 1.14 Judgment Currency; Contractual Currency 43 1.15 Single Loan 44 1.16 Mitigation 44 2. CONDITIONS PRECEDENT 44 2.1 Conditions to Determine Interest Rate the Initial Loans 44 2.2 Further Conditions to Each Loan Made After the Closing Date 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 47 3.1 Corporate Existence; Compliance with Law 72 4.3 48 3.2 Corporate Power; , Authorization; , Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 48 3.3 Material Adverse Effect 49 3.4 Ownership of Property; Liens 74 i Sunshine 49 3.5 Government Regulation 49 3.6 Margin Regulations 50 3.7 Taxes 50 3.8 Employee Benefit Plans 50 3.9 No Litigation 51 3.10 Full Disclosure 51 3.11 Environmental Matters 51 3.12 Solvency 52 3.13 PATRIOT Act 52 3.14 Financial Administration Act (NortheastCanada) – 52 3.15 No Financial Assistance 53 4. FINANCIAL STATEMENTS AND INFORMATION 53 4.1 Financial Statements and Information 53 5. AFFIRMATIVE COVENANTS 53 5.1 Maintenance of Existence and Conduct of Business 53 5.2 Payment of Charges 54 5.3 Books and Records 54 5.4 Insurance 54 5.5 Compliance with Laws 55 5.6 Supplemental Disclosure 55 5.7 Environmental Matters 55 5.8 Real Estate 55 5.9 Further Assurances and Collateral 56 5.10 Future Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsParties 56 5.11 Post-Closing Requirements 58 5.12 Interest Rate Protection 58 5.13 Maintenance of Ratings 58 5.14 Lender Meetings 58 5.15 Financial assistance 58 5.16 Credit Parties 58 5.17 Deposit Accounts 59 6. NEGATIVE COVENANTS 59 6.1 Mergers, Subsidiaries, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment 59 6.2 Investments; Loans and Advances 62 6.3 Indebtedness 63 6.4 Affiliate Transactions 66 6.5 Capital Structure and Business 66 6.6 Guaranteed Indebtedness 67 6.7 Liens; Restrictive Agreements 67 6.8 Sale of Equity Interests and Assets 67 6.9 Financial Covenants 69 6.10 Sale-Leasebacks 69 6.11 Restricted Payments 69 6.12 Change of Fiscal Year 71 6.13 Holding Company Act71 7. TERMINATION 71 7.1 Termination 71 7.2 Survival of Obligations Upon Termination of Financing Arrangements 71 8. EVENTS OF DEFAULT; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use RIGHTS AND REMEDIES 71 8.1 Events of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Default 71 8.2 Remedies 73 8.3 Waivers by Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Parties 74
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2 ARTICLE 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment THE ARRANGEMENT 23 Section 2.01 Arrangement, Effective Date 23 Section 2.02 Effects of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments the Arrangement 23 Section 2.03 Closing Deliverables 23 Section 2.04 Arrangement Consideration Generally 25 Section 2.05 Payment Mechanics. 27 Section 2.06 Escrow Funds; Securityholder Representative Fund 28 Section 2.07 Pre-Closing Certificate 29 Section 2.08 Post-Closing Adjustment 31 Section 2.09 Earnout Consideration 33 Section 2.10 Arrangement Process 37 Section 2.11 Certain Securities Law Matters 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section ARTICLE 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 OF THE COMPANY 42 Section 3.01 Organization and Qualification of the Company 43 Section 3.02 Authority; Board Approval 43 Section 3.03 No Change 72 4.2 ExistenceConflicts; Consents 44 Section 3.04 Capitalization 44 Section 3.05 Subsidiaries 46 Section 3.06 Financial Statements 46 Section 3.07 Undisclosed Liabilities 47 Section 3.08 Absence of Certain Changes, Events and Conditions 47 Section 3.09 Material Contracts 48 Section 3.10 Title to Properties and Assets 50 Section 3.11 Real Property 51 Section 3.12 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Other Instruments 51 Section 3.13 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act52 Section 3.14 Information Practices 56 Section 3.15 Inventory 59 Section 3.16 Accounts Receivable 59 Section 3.17 Customers and Suppliers 59 Section 3.18 Insurance 60 Section 3.19 Legal Proceedings; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Governmental Orders 60 Section 3.20 Compliance With Laws; Permits 61 Section 3.21 Anti-Corruption Laws Corruption, Anti-Money Laundering, Sanctions, and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Trade Regulation 61 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 3.22 Environmental and Safety Matters 63 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 873.23 Employee Benefit Matters 64 Section 3.24 Employee Matters 67 Section 3.25 Taxes 69 Section 3.26 Books and Records 73
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS Leased Premises 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Lease Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 1 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section [Intentionally Omitted.] 1 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership Rent 1 5. Payment of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Rent 1 6. Late Charges 2 7. Additional Rent 2 8. Taxes 74 4.12 Permits 75 4.13 Agreements, Etc2 9. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy Leased Premises 2 10. [Intentionally Omitted.] 3 11. Alterations and Improvements 3 12. Maintenance and Repairs 3 13. Access 3 14. Liability and Casualty Insurance 4 15. Liens 6 16. Destruction of Information, EtcPremises 7 17. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Condemnation 7 18. Signs 7 19. Utilities 8 20. Intentionally Omitted 8 21. Assignment and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws Subletting 8 22. Surrender 9 23. Title to Improvements 9 24. Default - Grounds 9 25. Default - Remedies 10 26. Right to Cure 11 27. Holding Over 11 28. Statement from Lessee 11 29. Notices - Manner of Giving 11 30. Lessor’s Right to Perform Lessee’s Covenants 11 31. Waiver 12 32. Time 12 33. No Recording 12 34. Subordination by Lessee 12 35. Invalidity 12 36. Construction 12 37. Attorneys’ Fees 12 38. Binding Effect 12 39. Net Lease 12 40. Conveyance by Lessor 13 41. No Personal Liability to Lessor 13 42. Intentionally Omitted 13 43. Commissions 13 44. No Partnership 13 45. Intentionally Omitted 13 46. Consent of Lessor 13 47. Survival of Obligations 13 48. Entire Agreement 13 49. Rubbish Removal 13 50. Hazardous Materials 14 51. Representations and Sanctions 80 4.28 Lines Warranties of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5▇▇▇▇▇▇ ▇▇ ▇▇. CONDITIONS PRECEDENT 80 5.1 Conditions Representations and Warranties of Lessor 16 53. Severability 16 54. Lessee Financial Information 16 55. Waiver of Redemption 16 56. Disclaimer 16 57. Brokerage Disclosure 16 58. Waiver of Right to Closing Date 80 5.2 Conditions to Each Extension Jury Trial 16 Exhibit “A” Legal Description of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Land
Appears in 1 contract
Sources: Lease (Coinstar Inc)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Section Page 1. Defined Terms 1 1.2 Other Definitional Provisions 36 Section 5 2. AMOUNT AND TERMS OF LOAN COMMITMENTS The Loan 13 3. Warranty of Title 14 4. Insurance 14 5. Payment of Taxes 20 6. Tax Escrow Fund 21 7. Annual Budget; Accounts 22 8. Condemnation 22 9. Leases and Rents 25 10. Representations Concerning Loan and Anti-Terrorism Laws 28 11. Single Purpose Entity; Authorization 33 12. Maintenance of Property 35 13. Transfer or Encumbrances of the Property 35 14. Certificates: Affidavits 37 15. Changes in the Laws Regarding Taxation 37 16. No Credits on Account of the Debt 38 2.1 Term Commitments 17. Documentary Stamps 38 2.2 Procedure for Term Loan Borrowing 18. Controlling Agreement 38 2.3 Repayment 19. Books and Records 39 20. Performance of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees Other Agreements 40 2.7 Optional Termination or Reduction 21. Further Assurances 41 22. Recording of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions Mortgage 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and 23. Reporting Requirements 43 24. Events of Default 43 25. Late Payment Dates 46 2.13 Computation of Interest and Charge: Servicing Fees 46 2.14 Inability 26. Right to Determine Interest Rate 47 2.15 Pro Rata Treatment Cure Defaults 46 27. Remedies 46 28. Right of Entry 50 29. Security Agreement 50 30. Actions and Payments 48 2.16 Requirements Proceedings 51 31. Waiver of Setoff and Counterclaim 51 32. Contest of Certain Claims 51 33. Recovery of Sums Required to Be Paid 52 34. Marshaling and Other Matters 52 35. Hazardous Substances 52 36. Asbestos 53 37. Environmental Monitoring 54 38. Management of the Property 54 39. Handicapped Access 57 40. ERISA 57 41. Indemnification 58 42. Recourse and Indemnification 59 43. Notice 60 44. Authority 61 45. Waiver of Notice 62 46. Remedies of Mortgagor 62 47. Sole Discretion of Mortgagee 62 48. Non-Waiver 62 49. No Oral Change 63 50. Liability 63 51. Inapplicable Provisions 63 52. Section Headings 63 53. Counterparts 63 54. Certain Definitions 64 55. Assignments 64 56. SUBMISSION TO JURISDICTION 64 57. Agent for Receipt of Process 64 58. Service of Process 65 59. WAIVER OF JURY TRIAL 65 60. Homestead 65 61. CHOICE OF LAW 65 62. Time of Essence 66 63. Survival 66 64. No Third-Party Beneficiary Rights Created 66 65. Discharge 66 66. Maintaining Priority of Mortgage 66 67. Costs 66 68. Defeasance 67 69. Ground Lease 70 70. Local Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change Provisions 70 This DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (this "Deed of Lending Office 56 2.20 Replacement Trust") is dated this 18th day of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent September, 2006 from COMPANY SUBSIDIARY, a Tennessee limited partnership, having an address c/o Equity Inns, Inc., 7▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Grantor”) to Bail-In c/o E▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, whose address is c/o ▇▇▇▇▇▇▇▇▇▇▇ & L▇▇▇▇▇▇▇ N▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, LLP, 2▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ 1800, Dallas, Texas 75201, as Trustee (“Trustee”), for the benefit of Affected Financial Institutions 60 2.23 Effect CAPMARK BANK, a Utah Industrial Bank f/k/a GMAC Commercial Mortgage Bank, a Utah industrial bank with an address at 6▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, Attention: President (together with its successors or assigns or any servicers selected by the holder(s) of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreementsthe Note from time to time in its sole discretion to service the Loan, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87"Beneficiary").
Appears in 1 contract
Sources: Deed of Trust (Equity Inns Inc)
TABLE OF CONTENTS. DEFINITIONS AND ACCOUNTING TERMS 1 1.1 Certain Defined Terms 1 1.2 UCC Defined Terms 20 1.3 Accounting Terms 21 1.4 Other Definitional Provisions 36 Section 221 SECTION 2 LOANS AND COLLATERAL 21 2.1 Loans. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 21 2.2 Interest. 28 2.3 Fees. 29 2.4 Payments and Prepayments. 30 2.5 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 this Agreement 31 2.6 Fees 40 Statements 32 2.7 Grant of Security Interest. 32 2.8 Yield Protection 33 2.9 Taxes. 33 2.10 [Reserved]. 35 2.11 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Prepayment/Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement 35 2.12 [Reserved]. 36 2.13 [Reserved]. 36 2.14 [Reserved]. 36 2.15 Endorsement; Insurance Claims 36 SECTION 3 CONDITIONS TO LOANS 37 3.1 Conditions to Initial Loans and Consent the Issuance of Lender Letters of Credit 37 3.2 Additional Conditions to Bail-In All Loans and Lender Letters of Affected Credit 39 SECTION 4 REPRESENTATIONS, WARRANTIES AND CERTAIN COVENANTS 40 4.1 Organization, Powers, Capitalization. 40 4.2 Authorization of Borrowing 40 4.3 Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3Condition 41 4.4 Indebtedness and Liabilities 41 4.5 Collateral Warranties and Covenants. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 41 4.6 No Default 74 Names and Locations 45 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of PropertyTitle to Properties; Liens 74 i Sunshine (Northeast) – Credit Agreement 46 4.8 Litigation; Adverse Facts 46 4.9 Payment of Taxes 46 4.10 Intellectual Property 74 Performance of Agreements 47 4.11 Taxes 74 Employee Benefit Plans 47 4.12 Permits 75 Broker’s Fees 47 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Compliance 47
Appears in 1 contract
Sources: Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/)
TABLE OF CONTENTS. DEFINITIONS AND ACCOUNTING TERMS 1 1.1 1.01 Defined Terms 1 1.2 1.02 Other Definitional Interpretive Provisions 36 Section 228 1.03 Accounting Terms 29 1.04 Rounding 30 1.05 Times of Day 30 1.06 Letter of Credit Amounts 30 1.07 Rates 30 1.08 Limited Condition Transactions 30 ARTICLE II. AMOUNT THE COMMITMENTS AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment CREDIT EXTENSIONS 31 2.01 Committed Loans 31 2.02 Borrowings, Conversions and Continuations of Term Committed Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional 31 2.03 [Reserved.] 33 2.04 Letters of Credit 33 2.05 Swing Line Loans 42 2.06 Prepayments 45 2.07 Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 46 2.08 Repayment of Loans 47 2.09 Interest 47 2.10 Conversion and Continuation Options 44 Fees 48 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 Fees; Retroactive Adjustments of Applicable Rate 48 2.12 Evidence of Debt 49 2.13 Payments Generally; Administrative Agent’s Clawback 49 2.14 Sharing of Payments by L▇▇▇▇▇▇ 51 2.15 Extension of Maturity Date 52 2.16 Increase in Commitments 53 2.17 Cash Collateral 55 2.18 Defaulting Lenders 56 2.19 Joint and Several Liability of the Borrowers 58 2.20 Designation of the Parent as Agent for the Borrowers 58 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 59 3.01 Taxes 59 3.02 Illegality 63 3.03 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Rates 64 3.04 Increased Costs 66 3.05 Compensation for Losses 67 3.06 Mitigation Obligations; Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent 67 3.07 Survival 68 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 68 4.01 Conditions of Initial Credit Extension 68 4.02 Conditions to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. all Credit Extensions 70 ARTICLE V. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 70 5.01 Existence; Compliance with Law 72 4.3 Power; , Qualification and Power 70 5.02 Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Contravention 70 5.03 Governmental Authorization; Other Consents 71 5.04 Binding Effect 71 5.05 Financial Statements; No Material Adverse Effect 71 5.06 Litigation 74 4.6 72 5.07 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 72 5.08 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 72 5.09 Environmental Compliance 72 5.10 Insurance 72 5.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 72 5.12 ERISA 76 4.17 Compliance 72 5.13 Subsidiaries; Equity Interests 73 5.14 Margin Regulations; Investment Company ActAct 74 5.15 Disclosure 74 5.16 Compliance with Laws 74 5.17 Taxpayer Identification Number 74 5.18 Intellectual Property; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of InformationLicenses, Etc. 78 4.22 Security Documents 79 4.23 Etc 74 5.19 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T 74 5.20 Affected Financial Institution 74 5.21 Sanctions Concerns and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 675 5.22 Covered Entities 75 5.23 Beneficial Ownership Certification 75 ARTICLE VI. AFFIRMATIVE COVENANTS 84 6.1 75 6.01 Financial Statements 84 6.2 75 6.02 Certificates; Other Information 85 6.3 76 6.03 Notices 78 6.04 Payment of Taxes 78 6.05 Preservation of Existence, Etc 79 6.06 Maintenance of ExistenceProperties 79 6.07 Maintenance of Insurance 79 6.08 Compliance with Laws 79 6.09 Books and Records 79 6.10 Inspection Rights 79 6.11 Use of Proceeds 79 6.12 Additional Loan Parties 80 6.13 Compliance with Environmental Laws 80 6.14 Further Assurances 80 6.15 Compliance with Terms of Leaseholds 80 6.16 Material Contracts 81 6.17 Obligations to Rank Pari Passu 81 6.18 Anti-Corruption Laws; Compliance; Contractual Obligations 87Sanctions 81 6.19 Keepwell 81 ARTICLE VII. NEGATIVE COVENANTS 81 7.01 Liens 81 7.02 Investments 83 7.03 Indebtedness 84 7.04 Fundamental Changes 86 7.05 Dispositions 86 7.06 Restricted Payments 87 7.07 Change in Nature of Business 87 7.08 Transactions with Affiliates 87 7.09 Burdensome Agreements 87 7.10 Use of Proceeds 88 7.11 Financial Covenants 88 7.12 Amendments of Organizational Documents 88 7.13 Accounting Changes 88 7.14 [Reserved] 88 7.15 Sanctions 88 7.16 Anti-Corruption Laws 89 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 89 8.01 Events of Default 89 8.02 Remedies Upon Event of Default 91 8.03 Application of Funds 91 ARTICLE IX. ADMINISTRATIVE AGENT 92 9.01 Appointment and Authority 92 9.02 Rights as a Lender 92 9.03 Exculpatory Provisions 93 9.04 Reliance by Administrative Agent 94 9.05 Delegation of Duties 94 9.06 Resignation or Removal of Administrative Agent 94
Appears in 1 contract
Sources: Credit Agreement (Unifirst Corp)
TABLE OF CONTENTS. DEFINITIONS AND INTERPRETATION 1 1.1 Defined Terms Definitions 1 1.2 Interpretation 12 ARTICLE 2 - PURCHASE AND SALE TRANSACTION 12 2.1 Purchase and Sale 12 2.2 No Financing Contingency 13 2.3 Seller Financing 13 ARTICLE 3 - PURCHASE PRICE 13 3.1 Extension Deposit 13 3.2 Cash at Closing 13 ARTICLE 4 - DUE DILIGENCE 14 4.1 As Is Sale 14 4.2 Release from Liability 14 4.3 Intentionally Omitted 15 4.4 Acknowledgment 15 ARTICLE 5 - ADJUSTMENTS AND PRORATIONS 15 5.1 Rent 15 5.2 Security Deposits 16 5.3 Real Estate Taxes, Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Taxes and Special Assessments 16 5.4 Special Assessments 17 5.5 Operating Expenses 17 5.6 Prepaid Expenses 17 5.7 Intentionally Omitted 17 5.8 Other Customary Prorations 17 5.9 Closing Costs 17 5.10 Calculation of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Adjustments and Prorations 18 ARTICLE 6 - CLOSING 19 6.1 Closing Date 19 6.2 Payment of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Purchase Price 19 6.3 Seller’s Closing Deliveries 20 6.4 Buyer’s Closing Deliveries 21 ARTICLE 7 - REPRESENTATIONS AND WARRANTIES 72 4.1 22 7.1 Buyer’s Warranties 22 7.2 Seller’s Warranties 23 7.3 General Provisions 26 7.4 No Change 72 4.2 ExistenceConsequential Damages 27 7.5 Remedies 27 7.6 Indemnity Escrow Funds 29 ARTICLE 8 - COVENANTS 29 8.1 Publicity 29 8.2 Brokers 29 8.3 Tax Matters 29 8.4 Audited Financials 30 ARTICLE 9 - MISCELLANEOUS 30 9.1 Assignment 30 9.2 Integration; Waiver; Waiver of Bulk Sales Compliance with 31 9.3 Governing Law 72 4.3 Power31 9.4 Captions Not Binding; Authorization; Enforceable Obligations 73 4.4 Exhibits 31 9.5 Binding Effect 31 9.6 Severability 31 9.7 Notices 31 9.8 Counterparts 32 9.9 No Legal Bar 73 4.5 Litigation 74 4.6 Recordation 32 9.10 Limitation of Liability 33 9.11 Construction 33 9.12 Time of Essence 33 9.13 Waiver of Jury Trial 33 9.14 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership Presumption Regarding Drafting 33 9.15 Facsimile Signatures 33 9.16 No Third Party Beneficiaries 33 9.17 Prior Agreements 34 THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is executed as of Property; Liens 74 i Sunshine September 30, 2016, by and between Firebird SFE I, LLC, a Delaware limited liability company (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements“Seller”), Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Informationand Altisource Residential, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87L.P., a Delaware limited partnership (“Buyer”).
Appears in 1 contract
Sources: Purchase and Sale Agreement (Altisource Residential Corp)
TABLE OF CONTENTS. DEFINITIONS Article I Definitions 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Article II Purchase and Sale 11 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 Closing 11 Section 2.2 Procedure for Term Loan Borrowing 38 Payment of Purchase Price 11 Section 2.3 Repayment Post-Closing Adjustment 12 Article III Representations and Warranties of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Seller 16 Section 3.1 Organization 16 Section 3.2 Authorization; Enforceability 16 Section 3.3 No Violation or Conflict 16 Section 3.4 No Consents 17 Section 3.5 Title of the Interests 17 Section 3.6 Litigation 17 Section 3.7 Fees 40 2.7 Optional Termination and Expenses of Brokers and Others 17 Article IV Representations and Warranties of the Company 17 Section 4.1 Organization 17 Section 4.2 Authorization; Enforceability 18 Section 4.3 No Violation or Reduction Conflict 18 Section 4.4 No Consents 18 Section 4.5 Capitalization 19 Section 4.6 Subsidiaries 19 Section 4.7 Litigation 20 Section 4.8 Title to Assets 20 Section 4.9 Material Contracts 20 Section 4.10 Government Contracts 22 Section 4.11 Financial Statements 23 Section 4.12 Absence of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Undisclosed Liabilities 24 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 4.13 Real Property 24 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; 4.14 Intellectual Property 25 Section 4.15 Insurance 26 Section 4.16 Tax Matters 27 Section 4.17 Compliance with Law 72 4.3 Power; 28 Section 4.18 Environmental Matters 28 Section 4.19 Labor Matters 29 Section 4.20 Absence of Certain Changes 30 Section 4.21 Employee Benefit Plans 30 Section 4.22 Bank Accounts 33 Section 4.23 Affiliate Transactions 33 Section 4.24 Governmental Authorizations 33 Section 4.25 Fees and Expenses of Brokers and Others 33 Section 4.26 Foreign Operations and Export Control 34 Section 4.27 Top Customers and Suppliers 34 Section 4.28 Warranty and Liability 35 Section 4.29 Gross Profit and Gross Margin 35 Article V Representations and Warranties of Buyer 35 Section 5.1 Organization 35 Section 5.2 Authorization; Enforceable Obligations 73 4.4 Enforceability 36 Section 5.3 No Legal Bar 73 4.5 Violation or Conflict 36 Section 5.4 No Consents 36 Section 5.5 Litigation 74 4.6 36 Section 5.6 Fees and Expenses of Brokers and Others 36 Section 5.7 Investment Representations 36 Section 5.8 Financing 37 Section 5.9 Absence of Certain Changes or Events 38 Section 5.10 Solvency; No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Fraudulent Conveyance 38 Article VI Covenants and Other Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines Pending the Closing 38 Section 6.1 Operation of Business 80 4.29 Federal Taxpayer Identification Number 80 38 Section 5. CONDITIONS PRECEDENT 80 5.1 6.2 Access 40 Section 6.3 Cooperation; Consents and Approvals 41 Section 6.4 Insurance Policy 43 Section 6.5 Notice of Material Developments 44 Section 6.6 Exclusive Dealing 44 Section 6.7 Non-Solicitation 44 Section 6.8 Buyer Actions 45 Section 6.9 Meeting Conditions to Close 45 Section 6.10 Section 280G 45 Section 6.11 Financing Cooperation 45 Section 6.12 Financing 47 Section 6.13 Financing Statement Delivery 49 Section 6.14 Settlement of Springerville Action 50 Section 6.15 Acquisition of Assets 50 Section 6.16 Unison Mortgage 50 Article VII Conditions Precedent to the Obligation of Buyer 51 Section 7.1 Representations and Warranties 51 Section 7.2 Covenants and Agreements 51 Section 7.3 Governmental Requirements; Governmental Orders 51 Section 7.4 Deliveries at Closing Date 80 5.2 51 Section 7.5 No Material Adverse Effect 52 Section 7.6 Financial Statement Deliveries 52 Article VIII Conditions Precedent to Each Extension the Obligations of Credit 83 Seller 53 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates8.1 Representations and Warranties 53 Section 8.2 Covenants and Agreements 53 Section 8.3 Governmental Requirements; Other Information 85 6.3 Maintenance Governmental Orders 53 Section 8.4 Deliveries at Closing 53 Article IX Survival of Existence; Compliance; Contractual Obligations 87Representations and Warranties 54 Section 9.1 Survival 54 Section 9.2 Sole Remedy 54
Appears in 1 contract
Sources: Purchase and Sale Agreement (Infrastructure & Energy Alternatives, Inc.)
TABLE OF CONTENTS. DEFINITIONS 1 SALE OF TRANSFERRED BUSINESS ASSETS AND RELATED MATTERS 2 1.1 Defined Terms 1 Sale of Transferred Business Assets 2 1.2 Other Definitional Provisions 36 Section Excluded Assets 3 1.3 Purchase Price 3 1.4 Assumption of Certain Liabilities 4 1.5 Seller Business Contracts Entered Into or Identified after the Date of this Agreement 5 1.6 Seller Holdback License 5 1.7 Delivery of the Transferred Business Assets 6 1.8 Transaction Taxes 6 1.9 Allocation 6 1.10 Tax Withholding 7 1.11 Closing 7 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 ExistenceOF THE SELLERS 7 2.1 Due Organization; Subsidiaries 7 2.2 Financial Statements; Absence of Liabilities 7 2.3 Title to Transferred Business Assets 8 2.4 Intellectual Property 9 2.5 Receivables 18 2.6 Seller Business Contracts 19 2.7 Tax Matters 20 2.8 Legal Proceedings; Orders 20 2.9 Compliance with Law 72 4.3 PowerLegal Requirements 21 2.10 Licenses and Permits 22 2.11 Service Provider Matters 22 2.12 Authority; AuthorizationBinding Nature of Agreements 23 2.13 Non-Contravention; Enforceable Obligations 73 4.4 No Consents 23 2.14 Absence of Changes 24 2.15 Brokers 25 2.16 Governmental Grants 25 2.17 Customers 25 2.18 Full Disclosure 25 2.19 Acknowledgments 25 3. REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS 25 3.1 Organization 25 3.2 Authority 25 3.3 Binding Nature of Agreement 26 3.4 Non-Contravention; Consents 26 3.5 Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of PropertyProceedings; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, EtcOrders 26 3.6 Available Funds; Solvency 27 3.7 Acknowledgments 27 4. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T CERTAIN COVENANTS 27 4.1 Access and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines Investigation 27 4.2 Operation of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 28 4.3 Filings, Notices and Consents 29 4.4 Notification 30 4.5 No Negotiation 31 4.6 Reasonable Efforts 31 4.7 Termination of Certain Contracts 31 4.8 Transferred Business Receivables 31 5. TREATMENT OF BUSINESS CONFIDENTIAL INFORMATION; RESTRICTIVE COVENANTS 32 5.1 Treatment of Business Confidential Information 32 5.2 Restrictive Covenants 33 5.3 Severability 34 6. CONDITIONS PRECEDENT 80 5.1 TO THE PURCHASERS’ OBLIGATION TO CLOSE 34 6.1 Accuracy of Sellers’ Representations 34 6.2 Performance of Sellers’ Obligations 34 6.3 No Material Adverse Effect 35 6.4 Governmental Authorizations 35 6.5 Customer-Related Conditions 35 6.6 Documents and Evidence 35 6.7 No Legal Proceedings 37 6.8 No Prohibition 37 7. CONDITIONS PRECEDENT TO THE SELLERS’ OBLIGATION TO CLOSE 37 7.1 Accuracy of Purchasers’ Representations 37 7.2 Performance of Purchasers’ Obligations 37 7.3 No Prohibition 38 7.4 Documents and Evidence 38 8. TERMINATION 38 8.1 Termination Events 38 8.2 Termination Procedures 39 8.3 Effect of Termination 39 9. INDEMNIFICATION, ETC 39 9.1 Survival of Representations and Warranties 39 9.2 Indemnification by the Sellers 41 9.3 Indemnification by the Purchasers 42 9.4 Limitations and Other Terms of Indemnification Obligations 43 9.5 Defense of Third-Party Claims 45 9.6 Claim Procedure 46 9.7 Joint Action 48 9.8 Exclusive Remedy 49 10. MISCELLANEOUS PROVISIONS 49 10.1 Further Actions 49 10.2 Tax Cooperation; Allocation of Taxes 51 10.3 Liabilities 51 10.4 Publicity 52 10.5 Joint and Several Liability of Sellers and Purchasers 52 10.6 Attorneys’ Fees 52 10.7 Notices 52 10.8 Headings 53 10.9 Counterparts and Exchanges by Facsimile or Electronic Delivery 53 10.10 Governing Law; Venue 53 10.11 Successors and Assigns; Parties in Interest 54 10.12 Remedies Cumulative; Specific Performance 54 10.13 Waiver 55 10.14 Amendments 55 10.15 Severability 55 10.16 Entire Agreement 55 10.17 Disclosure Schedule 55 10.18 Construction 56 Exhibit A Certain Definitions Exhibit B Form of Seller Holdback License Agreement Exhibit C Form of Transition Services Agreement Exhibit D Form of Retained IP License Agreement Schedule 1.1(b) Certain Transferred Business IP Schedule 1.1(c)(i)(A) Certain Transferred IP Contracts Schedule 1.1(c)(i)(B) Certain Transferred Customer Contracts Schedule 1.2 Excluded Assets Schedule 1.4(b) Assumed Business Contracts Schedule 5.2(c) Retained Domains Schedule 6.6(e) Certain Contract Consents THIS ASSET PURCHASE AGREEMENT (“Agreement”) is entered into as of November 5, 2015, by and among: ADOBE SYSTEMS INCORPORATED, a Delaware corporation (“Adobe”); ADOBE SOFTWARE TRADING COMPANY LIMITED, an Ireland limited liability company and wholly owned subsidiary of Adobe (“AILP”); ADOBE SYSTEMS SOFTWARE IRELAND LIMITED, an Ireland limited liability company and wholly owned subsidiary of Adobe (“ADIR”); COMSCORE, INC., a Delaware corporation (“comScore”); COMSCORE B.V., a Dutch private limited liability company (besloten vennootschap) and wholly owned subsidiary of comScore (“comScore-Netherlands”); and CS WORLDNET INTERNATIONAL C.V., a Dutch limited partnership and wholly owned subsidiary of comScore (“comScore-CI”). For purposes of this Agreement: (a) Adobe, AILP and ADIR are referred to Closing Date 80 5.2 Conditions collectively as the “Purchasers” and individually as a “Purchaser”; and (b) comScore, comScore-Netherlands and comScore-CI are referred to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87collectively as the “Sellers” and individually as a “Seller.” Certain capitalized terms used in this Agreement are defined in Exhibit A.
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Certain Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT Construction 4 ARTICLE 2 MANUFACTURE, PURCHASE AND TERMS SALE OF LOAN COMMITMENTS 38 PRODUCT 5 2.1 Term Commitments 38 Supply 5 2.2 Procedure for Term Loan Borrowing 38 Forecasts 5 2.3 Repayment of Term Loans 38 Purchase Orders 5 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination Failure or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements Supply Supplied Product 6 2.5 Late Delivery Compensation 7 2.6 Changes in Purchase Orders 7 2.7 Delivery 7 2.8 Rejected Goods/Shortages 8 2.9 Manufacturing Changes 8 2.10 Materials 10 2.11 Subcontracting of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change Manufacture 10 2.12 Limited License 10 2.13 Technology Transfer 10 ARTICLE 3 PRICING AND PAYMENT 10 3.1 Pricing 10 3.2 Payment 11 ARTICLE 4 QUALITY ASSURANCE, ACCESS AND REGULATORY MATTERS 11 4.1 Testing; Certificate of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent Analysis 11 4.2 Records 12 4.3 Regulatory Compliance 12 4.4 Access to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Facilities 12 4.5 Quality Agreement 12 ARTICLE 5 PRODUCT RECALLS 13 5.1 Product Recalls 13 5.2 Disputes 13 ARTICLE 6 REPRESENTATIONS AND WARRANTIES 72 4.1 13 6.1 Warranties and Covenants of Seller 13 6.2 Covenants of Buyer 14 ARTICLE 7 CONFIDENTIALITY 14 7.1 Confidentiality Obligations 14 ARTICLE 8 LIMITATION OF LIABILITY, INDEMNIFICATION AND INSURANCE 14 8.1 Indemnification of Seller 14 8.2 Indemnification of Buyer 15 8.3 Indemnification Procedures 15 8.4 Limitation on Damages and Liability 15 ARTICLE 9 TERM AND TERMINATION 16 9.1 Term 16 9.2 Early Termination 17 9.3 Consequences of Termination 18 9.4 Accrued Rights; Surviving Obligations 18 ARTICLE 10 MISCELLANEOUS 18 10.1 Force Majeure 18 10.2 Assignment 19 10.3 Severability 19 10.4 Dispute Resolution 20 10.5 Governing Law, Jurisdiction, Venue and Service 20 10.6 Notices 21 10.7 Amendment 22 10.8 English Language 22 10.9 Equitable Relief 23 10.10 Waiver and Non-Exclusion of Remedies 23 10.11 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership Benefit to Third Parties 23 10.12 Expenses 23 10.13 Further Assurance 23 10.14 Relationship of Property; Liens 74 i Sunshine the Parties 23 10.15 Counterparts 24 10.16 Entire Agreement 24 Schedule 1 Buyer Corporate Names Schedule 2 Supplied Product SKUs, Product Purchase Prices and Minimum Order Quantities Schedule 3 Forecast Template Schedule 4 Initial Purchase Order Schedule 5 Permitted Subcontractors Schedule 6 Tech Transfer Plan Requirements This Supply Agreement (Northeastthis “Agreement”) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreementsis made and entered into effective as of [ • ], Etc2022 (the “Effective Date”) by and between Eisai Co., Ltd., a corporation organized under the laws of Japan (“Seller”), and Catalyst Pharmaceuticals, Inc., a corporation organized under the laws of Delaware (“Buyer”). 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Seller and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws Buyer are sometimes referred to herein individually as a “Party” and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87collectively as the “Parties.”
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS SECTION 1 DEFINITIONS; RULES OF CONSTRUCTION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Accounting Terms 30 1.3 Certain Matters of Construction 30 1.4 Interest Calculations and Payments 31 1.5 Interest Act (Canada) 31 1.6 Equivalent Amount 32 SECTION 2 CREDIT FACILITIES 32 2.1 Revolver Commitment 32 2.2 Letter of Credit Facility 36 SECTION 3 INTEREST, FEES AND CHARGES 39 3.1 Interest 39 3.2 Fees 40 3.3 Computation of Interest, Fees, Yield Protection 41 3.4 Overdraft Loans 42 3.5 Illegality 42 3.6 Increased Costs 42 3.7 Capital Adequacy 43 3.8 Mitigation 43 3.9 Funding Losses 44 3.10 Maximum Interest 44 SECTION 4 LOAN ADMINISTRATION 44 4.1 Manner of Borrowing and Funding Revolver Loans 44 4.2 Defaulting Lender 46 4.3 Number and Amount of BA Equivalent Loans; Determination of Rate 49 4.4 Effect of Termination 49 SECTION 5 PAYMENTS 49 5.1 General Payment Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 49 5.2 Repayment of Term Revolver Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving 49 5.3 Payment of Other Obligations 50 5.4 Marshalling; Payments Set Aside 50 5.5 Post—Default Allocation of Payments 50 5.6 Application of Payments 51 5.7 Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Account; Account Stated 51 5.8 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. 52 SECTION 6 CONDITIONS PRECEDENT 80 5.1 52 6.1 Conditions Precedent to Closing Date 80 5.2 Amendment and Restatement 52 6.2 Conditions Precedent to Each Extension All Credit Extensions 55 6.3 Limited Waiver of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesConditions Precedent 56 SECTION 7 COLLATERAL 56 7.1 Grant of Security Interest 56 7.2 Lien on Deposit Accounts/Dominion Accounts; Cash Collateral 57 7.3 Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Collateral 58
Appears in 1 contract
Sources: Loan and Security Agreement (South Texas Supply Company, Inc.)
TABLE OF CONTENTS. SECTION 1 DEFINITIONS 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Computation of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Time Periods 18 1.3 Accounting Terms 18 SECTION 3 OTHER PROVISIONS RELATING TO CREDIT FACILITIES 27 3.1 Default Rate 27 3.2 Extension and Conversion 27 3.3 Prepayments 27 3.4 Termination or and Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations Revolving Committed Amount 28 3.5 Fees 29 3.6 Capital Adequacy 29 3.7 Limitation on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Loans 30 3.8 Illegality 30 3.9 Requirements of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Law - Eurodollar Loans 30 3.10 Treatment of Affected Loans 31 3.11 Taxes 31 3.12 Compensation Concerning Eurodollar Loans 32 3.13 Pro Rata Treatment 33 3.14 Sharing of Payments 33 3.15 Payments, Computations, Etc 34 3.16 Evidence of Debt 35 SECTION 4 Not Used 35 SECTION 5 CONDITIONS 35 5.1 Closing Conditions 35 5.2 Conditions to all Extensions of Credit 40 5.3 Conditions to Extension of Tranche B Term Loan 41 SECTION 7 AFFIRMATIVE COVENANTS 47 7.1 Information Covenants 47 7.2 Preservation of Existence and Payments 48 2.16 Requirements of Law Franchises 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement 7.3 Books and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Records 50 7.4 Compliance with Law 72 4.3 Power; Authorization; Enforceable 50 7.5 Payment of Taxes and Other Indebtedness 50 7.6 Insurance 50 7.7 Maintenance of Property 51 7.8 Performance of Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 51 7.9 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior 51 7.10 Audits/Inspections 51 7.11 Financial Covenants 51 7.12 Additional Credit Parties 52 7.13 Pledged Assets 53 7.14 Government Contracts 53 SECTION 8 NEGATIVE COVENANTS 53 8.1 Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines 53 8.2 Liens 54 8.3 Nature of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension 54 8.4 Consolidation, Merger, Dissolution, etc 54 8.5 Asset Dispositions 54 8.6 Investments 55 8.7 Not Used 55 8.8 Prepayments of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesIndebtedness, etc 55 8.9 Transactions with Affiliates 55 8.10 Fiscal Year; Organizational Documents 55 8.11 Not Used 55 8.12 Ownership of Subsidiaries 55 8.13 Sale Leasebacks 55 8.14 Capital Expenditures 56 iii 5 8.15 No Further Negative Pledges 56 8.16 Operating Lease Obligations 56 SECTION 9 EVENTS OF DEFAULT 56 9.2 Acceleration; Remedies 58 SECTION 10 AGENCY PROVISIONS 58 10.1 Appointment, Powers and Immunities 58 10.2 Reliance by Agent 59 10.3 Defaults 59 10.4 Rights as a Lender 59 10.5 Indemnification 59 10.6 Non-Reliance on Agent and Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Lenders 60 10.7 Successor Agent 60
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 Section 1.2 Other Definitional Provisions 36 Computation of Time Periods 32 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 1.3 Accounting Terms and Principles 32 Section 1.4 Conversion of Foreign Currencies 33 Section 1.5 Certain Terms 33 Section 2.1 Term The Commitments 38 34 Section 2.2 Procedure for Term Loan Borrowing 38 Procedures 34 Section 2.3 Repayment of Term Loans 38 35 Section 2.4 Revolving Commitments 39 Evidence of Debt 35 Section 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 36 Section 2.6 Mandatory Prepayments 37 Section 2.7 Interest 39 Section 2.8 Conversion/Continuation Option 40 Section 2.9 Fees 41 Section 2.10 Payments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 Computations 41 Section 2.11 Limitations on Special Provisions Governing Eurodollar Tranches 46 Rate Loans 43 Section 2.12 Interest Rates and Payment Dates 46 Capital Adequacy 45 Section 2.13 Computation of Interest and Fees 46 Taxes 45 Section 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement Substitution of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent 47 Section 3.1 Conditions Precedent to Bail-In Initial Loans 48 Section 3.2 Determinations of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Initial Borrowing Conditions 53 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Corporate Existence; Compliance with Law 72 4.3 53 Section 4.2 Corporate Power; Authorization; Enforceable Obligations 73 54 Section 4.3 Ownership of Borrower; Subsidiaries 54 Section 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 55 Section 4.5 Material Adverse Change 56 Section 4.6 Solvency 56 Section 4.7 Litigation 56 Section 4.8 Indebtedness 74 Taxes 56 Section 4.9 Ownership of PropertyFull Disclosure 57 Section 4.10 Margin Regulations 57 Section 4.11 No Burdensome Restrictions; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 No Defaults 57 Section 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Public Utility Holding Company Act 58 Section 4.13 Use of Proceeds 77 4.20 58 Section 4.14 Insurance 58 Section 4.15 Labor Matters 58 Section 4.16 ERISA 59 Section 4.17 Environmental Matters 77 59 Section 4.18 Intellectual Property 60 Section 4.19 Title; Real Property 60 Section 4.20 Interactive Broadband Networks and Communications Law Matters 61 Section 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML LawsProhibited Persons; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Trade Restrictions 63 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 Maximum Leverage Ratio 64 Section 5.2 Conditions to Each Extension of Credit 83 Minimum Interest Coverage Ratio 65 Section 6. AFFIRMATIVE COVENANTS 84 5.3 Capital Expenditures 65 Section 6.1 Financial Statements 84 66 Section 6.2 CertificatesDefault Notices 68 Section 6.3 Litigation and Regulatory Matters 68 Section 6.4 Asset Sales 69 Section 6.5 Notices under First Lien Loan Documents 69 Section 6.6 SEC Filings; Press Releases 69 Section 6.7 Labor Relations 69 Section 6.8 Tax Returns 69 Section 6.9 Insurance 69 Section 6.10 ERISA Matters 70 Section 6.11 Environmental Matters 70 Section 6.12 Customer Contracts 71 Section 6.13 New Markets 71 Section 6.14 Other Information 85 6.3 71 Section 7.1 Preservation of Corporate Existence, Etc 72 Section 7.2 Compliance with Laws, Etc 72 Section 7.3 Conduct of Business 72 Section 7.4 Payment of Taxes, Etc 72 Section 7.5 Maintenance of ExistenceInsurance 72 Section 7.6 Access 72 Section 7.7 Keeping of Books 73 Section 7.8 Maintenance of Properties, Etc 73 Section 7.9 Application of Proceeds 73 Section 7.10 Environmental 73 Section 7.11 Additional Collateral and Guaranties 74 Section 7.12 Regulatory Consents for Guaranties and Security 75 Section 7.13 Control Accounts, Approved Deposit Accounts 76 Section 7.14 Real Property 76 Section 7.15 Interest Rate Contracts 77 Section 7.16 Ratings 77 Section 7.17 Post-Closing Obligations 77 Section 8.1 Indebtedness 78 Section 8.2 Liens, Etc 79 Section 8.3 Investments 80 Section 8.4 Sale of Assets 81 Section 8.5 Restricted Payments 82 Section 8.6 Prepayment and Cancellation of Indebtedness 83 Section 8.7 Restriction on Fundamental Changes; CompliancePermitted Acquisitions 83 Section 8.8 Change in Nature of Business 84 Section 8.9 Transactions with Affiliates 84 Section 8.10 Limitations on Restrictions on Subsidiary Distributions; Contractual No New Negative Pledge; Restricted Subsidiaries 84 Section 8.11 Modification of Constituent Documents 85 Section 8.12 Modification of First Lien Loan Documents 85 Section 8.13 Accounting Changes; Fiscal Year 85 Section 8.14 Margin Regulations 85 Section 8.15 Sale/Leasebacks 85 Section 8.16 No Speculative Transactions 86 Section 8.17 Compliance with ERISA 86 Section 8.18 Environmental 86 Section 8.19 Patriot Act 86 Section 9.1 Events of Default 86 Section 9.2 Remedies 88 Section 9.3 Regulatory Approvals 89 Section 9.4 Rescission 89 Section 10.1 Authorization and Action 89 Section 10.2 Reliance by Agents, Etc 90 Section 10.3 Posting of Approved Electronic Communications 91 Section 10.4 The Agents Individually 92 Section 10.5 Lender Credit Decision 92 Section 10.6 Indemnification 92 Section 10.7 Successor Agents 93 Section 10.8 Concerning the Collateral and the Collateral Documents 93 Section 10.9 Actions by the Collateral Agent 94 Section 10.10 Collateral Matters Relating to Related Obligations 8795 Section 11.1 Amendments, Waivers, Etc 96 Section 11.2 Assignments and Participations 98 Section 11.3 Costs and Expenses 100 Section 11.4 Indemnities 101 Section 11.5 Limitation of Liability 103 Section 11.6 Right of Set-off 103 Section 11.7 Sharing of Payments, Etc 104 Section 11.8 Notices, Etc 104 Section 11.9 No Waiver; Remedies 106 Section 11.10 Binding Effect 106 Section 11.11 Governing Law 106 Section 11.12 Submission to Jurisdiction; Service of Process 106 Section 11.13 Waiver of Jury Trial 107 Section 11.14 Marshaling; Payments Set Aside 107 Section 11.15 Section Titles 107 Section 11.16 Execution in Counterparts 108 Section 11.17 Entire Agreement 108 Section 11.18 Confidentiality 108 Schedule I – Commitments Schedule II – Applicable Lending Offices and Addresses for Notices Schedule 4.2 – Consents Schedule 4.3 – Ownership of Subsidiaries Schedule 4.7 – Litigation Schedule 4.11 – Build Out Obligations Schedule 4.15 – Labor Matters Schedule 4.16 – List of Plans Schedule 4.17 – Environmental Matters Schedule 4.19 – Real Property Schedule 4.20 – Regulatory Schedules Schedule 7.12 – Regulatory Consents Schedule 7.14 – Mortgage Documents Schedule 8.1 – Existing Indebtedness Schedule 8.1(d) – Capital Leases Schedule 8.2 – Existing Liens Schedule 8.3 – Existing Investments Schedule 8.10(b) – Restricted Subsidiaries Exhibit A – Form of Assignment and Acceptance Exhibit B – Form of Term Note Exhibit C – Form of Notice of Borrowing Exhibit D – Form of Notice of Conversion or Continuation Exhibit E – Form of Guaranty Exhibit F – Form of Pledge and Security Agreement Exhibit G – Form of Intercreditor Agreement CREDIT AGREEMENT, dated as of June 29, 2005, among KNOLOGY, INC., a Delaware corporation (the “Borrower”), the Lenders (as defined below) and CREDIT SUISSE, acting through one or more of its branches, as agent for the Lenders (in such capacity, the “Administrative Agent”) and as agent for the Secured Parties (as defined below) under the Collateral Documents (as defined below) (in such capacity, the “Collateral Agent”).
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TABLE OF CONTENTS. SECTION 1 DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. 17 1.3 Accounting Terms 18 1.4 Exchange Rates; Currency Equivalents 18 1.5 Computation of Dollar Amounts 19 SECTION 2 AMOUNT AND TERMS OF LOAN COMMITMENTS 38 19 2.1 Term Commitments 38 19 2.2 Revolving Credit Notes 19 2.3 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 20 2.4 Revolving Commitments 39 Fees 21 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional 22 2.6 Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 22 2.7 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar 23 2.8 Minimum Amounts of Tranches 46 2.12 23 2.9 Interest Rates and Payment Dates 46 2.13 24 2.10 Computation of Interest and Fees 46 2.14 24 2.11 Inability to Determine Interest Rate 47 2.15 25 2.12 Pro Rata Treatment and Payments 48 2.16 25 2.13 Illegality 28 2.14 Requirements of Law 50 28 2.15 Taxes 30 2.16 Indemnity 31 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In Action of Affected Financial Institutions 60 Banks 32 2.18 Bid Loans 32 2.19 Swing Line Commitments 35 2.20 Increase of Commitments 38 2.21 Payment in Full at Maturity 38 2.22 Letter of Credit Subfacility 39 2.23 Effect Indemnification; Nature of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Issuing Lender’s Duties 43 2.24 Defaulting Banks 44 2.25 Extension of Termination Date 46 SECTION 3 REPRESENTATIONS AND WARRANTIES 72 4.1 48 3.1 Financial Condition 48 3.2 No Change 72 4.2 48 3.3 Corporate Existence; Compliance with Law 72 4.3 48 3.4 Corporate Power; Authorization; Enforceable Obligations 73 4.4 49 3.5 No Legal Bar 73 4.5 49 3.6 No Material Litigation 74 4.6 49 3.7 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 49 3.8 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 49 3.9 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 50 3.10 ERISA 76 4.17 50 3.11 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use Act 50 3.12 Purpose of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of InformationLoans 50 3.13 Disclosure 51 3.14 Ranking 51 3.15 Compliance with OFAC, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. FCPA 51 SECTION 4 CONDITIONS PRECEDENT 80 5.1 51 4.1 Conditions to Closing Date 80 5.2 Effectiveness 51 4.2 Conditions to Each Extension of Credit 83 Section 6. Loan 52 SECTION 5 AFFIRMATIVE COVENANTS 84 6.1 53 5.1 Financial Statements 84 6.2 53 5.2 Certificates; Other Information 85 6.3 54 5.3 Conduct of Business and Maintenance of ExistenceExistence 54 5.4 Inspection of Property; ComplianceBooks, Records and Discussions 55 5.5 Notices 55 SECTION 6 NEGATIVE COVENANTS 56 6.1 Limitation on Significant Subsidiary Indebtedness 56 6.2 Limitation on Liens 57 6.3 Limitation on Sales and Leasebacks 58 6.4 Limitations on Fundamental Changes 59 6.5 Limitations on Restrictions on Dividends 59 6.6 Financial Covenant 59 SECTION 7 EVENTS OF DEFAULT 59 SECTION 8 THE ADMINISTRATIVE AGENT 62 8.1 Appointment 62 8.2 Delegation of Duties 62 8.3 Exculpatory Provisions 62 8.4 Reliance by Administrative Agent 63 8.5 Notice of Default 63 8.6 Non-Reliance on Administrative Agent and Other Banks 64 8.7 Indemnification 64 8.8 Administrative Agent in Its Individual Capacity 64 8.9 Successor Administrative Agent 65 8.10 Syndication Agent, etc 65 SECTION 9 MISCELLANEOUS 66 9.1 Amendments and Waivers 66 9.2 Notices 66 9.3 No Waiver; Contractual Obligations 87Cumulative Remedies 68 9.4 Survival of Representations and Warranties 68 9.5 Payment of Expenses and Taxes 68 9.6 Successors and Assigns; Participations; Purchasing Banks 69 9.7 Adjustments; Set-off 73 9.8 Table of Contents and Section Headings 74 9.9 Confidentiality 74 9.10 Patriot Act Notice 74 9.11 Counterparts 74 9.12 Severability 75 9.13 Integration 75 9.14 GOVERNING LAW 75 9.15 Submission To Jurisdiction; Waivers 75 9.16 Acknowledgements 76 9.17 WAIVERS OF JURY TRIAL 76 9.18 Effectiveness 76 9.19 Judgment Currency 76 Schedule 1.1 Banks and Commitments Schedule 3.6 Material Litigation Exhibit A Revolving Credit Note Exhibit B Borrowing Certificate Exhibit C Opinion of Counsel Exhibit D Commitment Transfer Supplement Exhibit E Bid Note Exhibit F Bid Quote Exhibit G Bid Loan Confirmation Exhibit H Bid Loan Request Exhibit I Form of Swing Line Note Exhibit J Form of Commitment Increase Supplement AMENDED AND RESTATED CREDIT AGREEMENT, dated as of September 28, 2007, among THE WESTERN UNION COMPANY, a Delaware corporation (the “Company”), the several banks and other financial institutions from time to time parties to this Agreement (the “Banks”), CITIBANK, N.A., in its capacity as the Swing Line Bank (in such capacity, together with its successors in such capacity, the “Swing Line Bank”), CITIBANK, N.A. AND ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, in their capacity as Issuing Lenders (in such capacity, together with their successors in such capacity, the “Issuing Lenders”), ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, as syndication agent (in such capacity, the “Syndication Agent”), BARCLAYS BANK PLC, JPMORGAN CHASE BANK, N.A., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ BANK and WACHOVIA BANK, NATIONAL ASSOCIATION, as Documentation Agents, and CITIBANK, N.A., as administrative agent for the Banks hereunder (in such capacity, the “Administrative Agent”).
Appears in 1 contract
Sources: Credit Agreement (Western Union CO)
TABLE OF CONTENTS. ARTICLE I DEFINITIONS 1 1.1 SECTION 1.01. Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2SECTION 1.02. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Classification of Loans and Borrowings 21 SECTION 1.03. Terms Generally 21 SECTION 1.04. Accounting Terms; GAAP 21 SECTION 1.05. Interest Rates; LIBOR Notification 22 SECTION 1.06. Divisions 22 ARTICLE II THE CREDITS 23 SECTION 2.01. Commitments 38 2.2 Procedure 23 SECTION 2.02. Loans and Borrowings 23 SECTION 2.03. Borrowing Procedures; Requests for Term Loan Borrowing 38 2.3 Repayment Borrowings 23 SECTION 2.04. Letters of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Credit 24 SECTION 2.05. Funding of Borrowings 27 SECTION 2.06. Interest Elections 28 SECTION 2.07. Termination or and Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Commitment 29 SECTION 2.08. Repayment and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Amortization of Loans; Evidence of Debt 29 SECTION 2.09. Prepayment of Loans 30 SECTION 2.10. Fees 31 SECTION 2.11. Interest Rates and Payment Dates 46 2.13 Computation 31 SECTION 2.12. Alternate Rate of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Interest; Illegality 32 SECTION 2.13. Increased Costs 34 SECTION 2.14. Break Funding Payments 48 2.16 Requirements 35 SECTION 2.15. Taxes 35 SECTION 2.16. Payments Generally; Allocation of Law 50 2.17 Taxes 51 2.18 Proceeds 39 SECTION 2.17. Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. for Returned Payments 40 ARTICLE III REPRESENTATIONS AND WARRANTIES 72 4.1 40 SECTION 3.01. Organization; Powers 40 SECTION 3.02. Authorization; Enforceability 40 SECTION 3.03. Governmental Approvals; No Conflicts 40 SECTION 3.04. Financial Condition; No Material Adverse Change 72 4.2 Existence; 41 SECTION 3.05. Properties 41 SECTION 3.06. Litigation and Environmental Matters 41 SECTION 3.07. Compliance with Law 72 4.3 PowerLaws and Agreements; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 42 SECTION 3.08. Investment Company Status 42 SECTION 3.09. Taxes 74 4.12 Permits 75 4.13 Agreements, Etc42 SECTION 3.10. 75 4.14 ERISA 42 SECTION 3.11. Disclosure 42 SECTION 3.12. Material Agreements 43 SECTION 3.13. Solvency 43 SECTION 3.14. Insurance 43 SECTION 3.15. Capitalization and Subsidiaries 43 SECTION 3.16. Employment Matters 43 SECTION 3.17. Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 44 SECTION 3.18. Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc44 SECTION 3.19. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; No Burdensome Restrictions 44 SECTION 3.20. Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 544 SECTION 3.21. Plan Assets; Prohibited Transactions 44 ARTICLE IV CONDITIONS PRECEDENT 80 5.1 Conditions to Closing 44 SECTION 4.01. Effective Date 80 5.2 Conditions to 44 SECTION 4.02. Each Extension of Credit 83 Section 6. Event 46 ARTICLE V AFFIRMATIVE COVENANTS 84 6.1 47 SECTION 5.01. Financial Statements 84 6.2 CertificatesStatements; Other Information 85 6.3 47 SECTION 5.02. Notices of Material Events 49 SECTION 5.03. Existence; Conduct of Business 49 SECTION 5.04. Payment of Obligations 50 SECTION 5.05. Maintenance of ExistenceProperties 50 SECTION 5.06. Books and Records; Compliance; Inspection Rights 50 SECTION 5.07. Compliance with Laws and Material Contractual Obligations 8750 SECTION 5.08. Use of Proceeds 51 SECTION 5.09. Accuracy of Information 51 SECTION 5.10. Insurance 51 SECTION 5.11. Material Licenses and Permits 52 SECTION 5.12. Depository Banks 52 SECTION 5.13. Further Assurances 52 ARTICLE VI NEGATIVE COVENANTS 52 SECTION 6.01. Indebtedness 52 SECTION 6.02. Liens 54 SECTION 6.03. Fundamental Changes 56 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 56 SECTION 6.05. Asset Sales 57 SECTION 6.06. Sale and Leaseback Transactions 59 SECTION 6.07. Swap Agreements 59 SECTION 6.08. Restricted Payments 60 SECTION 6.09. Transactions with Affiliates 60 SECTION 6.10. Restrictive Agreements 60 SECTION 6.11. Amendment of Material Documents 61 SECTION 6.12. Financial Covenants 61 ARTICLE VII EVENTS OF DEFAULT 61 ARTICLE VIII MISCELLANEOUS 64 SECTION 8.01. Notices 64 SECTION 8.02. Waivers; Amendments 66 SECTION 8.03. Expenses; Indemnity; Damage Waiver 66 SECTION 8.04. Successors and Assigns 67 SECTION 8.05. Survival 68 SECTION 8.06. Counterparts; Integration; Effectiveness 69 SECTION 8.07. Severability 70 SECTION 8.08. Right of Setoff 70 SECTION 8.09. Governing Law; Jurisdiction; Consent to Service of Process 70 SECTION 8.10. WAIVER OF JURY TRIAL 71 SECTION 8.11. Headings 73 SECTION 8.12. Confidentiality 73 SECTION 8.13. Nonreliance; Violation of Law 73 SECTION 8.14. USA PATRIOT Act 74 SECTION 8.15. Disclosure 74 SECTION 8.16. Interest Rate Limitation 74 SECTION 8.17. No Fiduciary Duty, etc 74 SECTION 8.18. Marketing Consent 75 SECTION 8.19. Acknowledgment Regarding Any Supported QFCs 75 Schedule 3.06 – Disclosed Matters Schedule 3.12 – Material Agreements Schedule 3.15 – Capitalization and Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments Schedule 6.10 – Existing Restrictions Exhibit A - Borrowing Request Exhibit B - Compliance Certificate CREDIT AGREEMENT dated as of April 23, 2021 (as it may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) between SAN ▇▇▇▇ WATER COMPANY, as Borrower, and JPMORGAN CHASE BANK, N.A., as Lender. The parties hereto agree as follows:
Appears in 1 contract
Sources: Credit Agreement (SJW Group)
TABLE OF CONTENTS. DEFINITIONS AND ACCOUNTING TERMS 1 1.1 1.01 Defined Terms 1 1.2 1.02 Other Definitional Interpretive Provisions 36 Section 2. AMOUNT AND TERMS OF 21 1.03 Accounting Terms 21 1.04 Rounding 22 1.05 Times of Day 22 1.06 Divisions 22 1.08 Amendment and Restatement of the Existing Credit Agreement 22 ARTICLE II THE LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan 23 2.01 Advances 23 2.02 Borrowing 38 2.3 of the Advances 23 2.03 Prepayments; Cash Distributions 23 2.04 Release of Proceeds of Funding Trust Loans 24 2.05 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving the Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 25 2.06 Interest Rates and Payment Dates 46 2.13 26 2.07 Upfront Fee 26 2.08 Computation of Interest and Fees 46 2.14 Inability 26 2.09 Evidence of Debt 27 2.10 Payments Generally 27 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 27 3.01 Taxes 27 3.02 Illegality 30 3.03 Market Disruption and Alternate Rate of Interest 30 3.04 Increased Costs 30 3.05 Mitigation of Obligations 31 3.06 Survival 31 ARTICLE IV CONDITIONS PRECEDENT TO BORROWINGS 31 4.01 Conditions to Determine Interest Rate 47 2.15 Pro Rata Treatment Effectiveness of the Original Credit Agreement 31 4.02 Conditions to Effectiveness of the Second Amended and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent Restated Credit Agreement 32 4.03 Conditions to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Each Advance 33 ARTICLE V REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 34 5.01 Existence; Compliance with Law 72 4.3 Power; , Qualification and Power 34 5.02 Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Contravention 34 5.03 Governmental Authorization; Other Consents 34 5.04 Binding Effect 34 5.05 Financial Statements; No Material Adverse Effect 34 5.06 Litigation 74 4.6 35 5.07 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 35 5.08 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 35 5.09 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 35 5.10 ERISA 76 4.17 Compliance 35 5.11 Margin Regulations; Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Act 35 5.12 Disclosure 36 5.13 Compliance with Laws 36 5.14 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; 36 5.15 Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. 36 5.16 Second Lien Loan Documents 37 ARTICLE VI AFFIRMATIVE COVENANTS 84 6.1 37 6.01 Financial Statements 84 6.2 37 6.02 Certificates; Other Information 85 6.3 38 6.03 Notices 38 6.04 Payment of Taxes 38 6.05 Preservation of Existence, Etc. 39 6.06 Maintenance of ExistenceProperties 39 6.07 Compliance with Laws 39 6.08 Books and Records 39 6.09 Inspection Rights 39 6.10 Use of Proceeds 39 6.11 Security Interests; ComplianceFurther Assurances 40 6.12 GWG Assumption 40 ARTICLE VII NEGATIVE COVENANTS 42 7.01 Liens 43 7.02 Beneficient Transactions 43 7.03 Indebtedness 43 7.04 Fundamental Changes 44 7.05 Dispositions 45 7.06 Restricted Payments 45 7.07 Transactions with Affiliates 45 7.08 Burdensome Agreements 45 7.09 Sanctions 45 7.10 Securities 45 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 46 8.01 Events of Default 46 8.02 Remedies Upon Event of Default 49 8.03 Application of Funds 49 ARTICLE IX MISCELLANEOUS 49 9.01 Amendments, Etc. 49 9.02 Notices; Contractual Obligations 87Effectiveness; Electronic Communications 50 9.03 No Waiver; Cumulative Remedies; Enforcement 51 9.04 Expenses; Indemnity; Damage Waiver 51 9.05 Payments Set Aside 52 9.06 Successors and Assigns 52 9.07 Treatment of Certain Information; Confidentiality 54 9.08 Right of Setoff 55 9.09 Interest Rate Limitation 55 9.10 Counterparts; Integration; Effectiveness 55 9.11 Survival of Representations and Warranties 55 9.12 Severability 56 9.13 [Reserved] 56 9.14 Governing Law; Jurisdiction; Etc. 56 9.15 Waiver of Jury Trial 57 9.16 No Advisory or Fiduciary Responsibility 57 9.17 Electronic Execution of Assignments and Certain Other Documents 58 9.18 USA PATRIOT Act 58 APPENDIX 1 Eligible Underlying Investment Criteria SCHEDULES
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TABLE OF CONTENTS. DEFINITIONS Article I RECITALS 1 1.1 Defined Terms 1.1. Real Property 1 1.2 Other Definitional Provisions 36 Section 21.2. AMOUNT Purchase and Sale 1 Article II PURCHASE PRICE 1 2.1. Price 1 2.2. Investments 2 2.3. Interest on the Deposit 2 Article III CONDITIONS TO THE PARTIES’ OBLIGATIONS 2 3.1. Conditions to Purchaser’s Obligation to Purchase 2 3.2. Conditions to Seller’s Obligation to Sell 3 Article IV PURCHASER’S DELIVERIES AND TERMS SELLER’S DELIVERIES TO TITLE COMPANY 3 4.1. Purchaser’s Deliveries 3 4.2. Seller’s Deliveries 3 4.3. Failure to Deliver 4 Article V INVESTIGATION OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment PROPERTY 4 5.1. Delivery of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Documents 4 5.2. Physical Inspection of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Property 4 5.3. Review Period 5 5.4. Effect of Benchmark Transition Event 61 Section 3Termination 7 Article VI THE CLOSING 7 6.1. LETTERS Date and Manner of Closing 7 Article VII PRORATION, FEES, COSTS AND ADJUSTMENTS 8 7.1. Prorations 8 7.2. Seller’s Closing Costs 9 7.3. Purchaser’s Closing Costs 9 Article VIII DISTRIBUTION OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4FUNDS AND DOCUMENTS 9 8.1. Delivery of the Purchase Price 9 8.2. Other Monetary Disbursements 9 8.3. Recorded Documents 9 8.4. All Other Documents 9 Article IX RETURN OF DOCUMENTS AND FUNDS UPON TERMINATION 10 9.1. Return of Seller’s Documents 10 9.2. Return of Purchaser’s Documents 10 9.3. Deposit 10 9.4. Disbursement of Deposit 10 9.5. No Effect on Rights of Parties; Survival 10 Article X DEFAULT 10 10.1. Seller’s Remedies 10 10.2. Purchaser’s Remedies 11 Article XI REPRESENTATIONS AND WARRANTIES 72 4.1 11 11.1. Seller’s Warranties and Representations 11 11.2. Purchaser’s Warranties and Representations 16 11.3. No Change 72 4.2 Existence; Compliance with Other Warranties and Representations 17 Article XII CONDEMNATION AND CASUALTY 17 Article XIII CONDUCT PRIOR TO CLOSING 18 13.1. Conduct 18 13.2. Actions Prohibited 18 13.3. Confidentiality 18 13.4. Right to Cure 19 13.5. Tax Folio Number 19 13.6. REA 19 Article XIV NOTICES 20 Article XV TRANSFER OF POSSESSION 21 15.1. Transfer of Possession 21 15.2. Delivery of Documents at Closing 21 Article XVI GENERAL PROVISIONS 21 16.1. Captions 21 16.2. Exhibits 21 16.3. Entire Agreement 21 16.4. Modification 21 16.5. Attorneys’ Fees 22 16.6. Governing Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership 22 16.7. Time of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, EtcEssence 22 16.8. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Survival 22 16.9. Assignment by Purchaser 22 16.10. Severability 22 16.11. Successors and Assigns 22 16.12. Interpretation 22 16.13. Counterparts 23 16.14. Recordation 23 16.15. Possession of Seller 23 16.16. Business Day 23 16.17. Waiver of Jury Trial 23 16.18. Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use Duties of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, EtcEscrow Agent 23 16.19. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Disputes 24 16.20. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Reports 24
Appears in 1 contract
Sources: Sale, Purchase and Escrow Agreement (Sotherly Hotels Lp)
TABLE OF CONTENTS. CHAPTER I DEFINITIONS 1 AND RULES FOR CONSTRUAL 2 1.1 Definitions 2 1.2 Terms Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT Elsewhere 8 1.3 Rules for Construal 10 CHAPTER II PURPOSE, BENEFITS AND TERMS ECONOMIC BASIS OF LOAN COMMITMENTS 38 THE REORGANIZATION 11 2.1 Term Commitments 38 Purpose of the Reorganization Agreement 11 2.2 Procedure for Term Loan Borrowing 38 Reorganization Benefits 11 2.3 Repayment Economic Basis of Term Loans 38 Reorganization 12 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Valuation Adjustment 12 CHAPTER III PRE-CLOSING STEPS; CLOSING AND IMPLEMENTATION 14 3.1 Pre-Closing Steps 14 3.2 Closing of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments the Reorganization 15 3.3 Post-Closing Measures 18 3.4 Transactions Interdependent 20 3.5 Further Assurances 20 CHAPTER IV CONDITIONS PRECEDENT TO THE CLOSING 20 4.1 Conditions to Each Party’s Obligations to Consummate the Reorganization 20 4.2 Conditions Precedent to Via Varejo’s Obligation to Consummate the Reorganization 21 4.3 Conditions Precedent to Cnova NV’s and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability Cnova Brazil’s Obligation to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Consummate the Reorganization 21 5.1 Due Diligence 22 CHAPTER VI REPRESENTATIONS AND WARRANTIES 72 4.1 22 6.1 Representations and Warranties by the Parties 22 6.2 Representations and Warranties of Cnova NV 23 CHAPTER VII INDEMNIFICATION OBLIGATIONS 30 7.1 Indemnification by Cnova NV 30 7.2 Indemnification by ▇▇▇ ▇▇▇▇▇▇ ▇▇ 7.3 Limitations 32 7.4 Exceptions to the Limitations of Liability 34 7.5 Indemnification Procedure 34 7.6 Exclusivity; No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Double Recovery 36
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS Definitions and Interpretation 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Appointment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination Registrar; Transfer Agent; Paying Agents 4 3. Forms of Notes and Terms of Issue 6 4. Issue of Global Registered Notes 8 5. Issue of Definitive Registered Notes 9 6. Registration, Transfers and Exchanges 9 7. Special Provisions relating to Registered Global Notes 11 8. Payments 11 9. Mutilated, Destroyed, Stolen or Reduction Lost Note Certificates 14 10. Maturity, Redemption and Purchases 14 11. Cancellation and Destruction 15 12. Publication of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Notices 15 13. Limit on Liability 15 14. Rights and Commitment Reductions 42 2.10 Conversion Liabilities of Registrar, Transfer Agent and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates Paying Agents 15 15. Commissions, Expenses and Payment Dates 46 2.13 Computation Indemnities 17 16. Changes in Registrar, Transfer Agent and Paying Agents 18 17. Meetings of Interest Noteholders 20 18. Further Issues 22 19. Reports 22 20. Forwarding of Notice 23 21. Amendments 23 22. Representations and Fees 46 2.14 Inability Warranties 23 23. Notices 24 24. Deed Poll 24 25. Contracts (Rights of Third Parties) Act 1999 25 26. Governing Law and Submission to Determine Interest Rate 47 2.15 Pro Rata Treatment Jurisdiction 25 27. Counterparts 26 28. Headings 26 29. Stamp and Payments 48 2.16 Requirements Other Taxes 26 30. Recognition of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In Powers 26 SCHEDULE 1 FORM OF REGISTERED GLOBAL NOTE 30 SCHEDULE 2 FORM OF DEFINITIVE REGISTERED NOTE 40 SCHEDULE 3 FORM OF OPERATING AND ADMINISTRATIVE PROCEDURES MEMORANDUM 45 ANNEX SETTLEMENT PROCEDURES 47 SCHEDULE 4 ADDITIONAL DUTIES OF THE REGISTRAR AND THE TRANSFER AGENT 52 THIS AMENDED AND RESTATED NOTE AGENCY AGREEMENT is made as of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements13 September 2024, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87among:
Appears in 1 contract
TABLE OF CONTENTS. I. DEFINITIONS 1 1.1 Defined Accounting Terms 1 1.2 Other Definitional Provisions 36 Section 2General Terms 1 1.3 Uniform Commercial Code Terms 23 1.4 Certain Matters of Construction 23 II. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 ADVANCES, PAYMENTS 23 2.1 Term Commitments 38 Revolving Advances 23 2.2 Procedure for Term Loan Borrowing 38 Advances 24 2.3 Disbursement of Advance Proceeds 26 2.4 Maximum Advances 27 2.5 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Advances 27 2.6 Repayment of Excess Advances 27 2.7 Statement of Account 28 2.8 Letters of Credit 28 2.9 Issuance of Letters of Credit 28 2.10 Requirements For Issuance of Letters of Credit 29 2.11 Additional Payments 31 2.12 Manner of Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 31 2.13 Reserved 32 2.14 Use of Proceeds 32 2.15 Defaulting Lender 33 2.16 Swing Loans 34 III. INTEREST AND FEES 35 3.1 Interest 35 3.2 Letter of Credit Fees 36 3.3 Unused Facility Fee 37 3.4 Reserved 37 3.5 Computation of Interest and Fees 46 2.14 Inability to Determine 37 3.6 Maximum Charges 38 3.7 Increased Costs 38 3.8 Basis For Determining Interest Rate Inadequate or Unfair 39 3.9 Capital Adequacy 39 3.10 Gross Up for Taxes 40 IV. COLLATERAL: GENERAL TERMS 41 4.1 Security Interest in the Collateral 41 4.2 Perfection of Security Interest 41 4.3 Disposition of Collateral 41 4.4 Preservation of Collateral 42 4.5 Ownership of Collateral 42 4.6 Defense of Agent’s and Lenders’ Interests 42 4.7 Books and Records 43 4.8 Financial Disclosure 43 4.9 Compliance with Laws 44 4.10 Inspection of Premises 44 4.11 Insurance 44 4.12 Failure to Pay Insurance 46 4.13 Payment of Taxes 46 4.14 Payment of Leasehold Obligations 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements 4.15 Receivables 47 4.16 Maintenance of Law Equipment 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change 4.17 Exculpation of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Liability 50 4.18 Environmental Matters 50 4.19 Financing Statements 52 V. REPRESENTATIONS AND WARRANTIES 72 4.1 52 5.1 Authority 52 5.2 Formation and Qualification 53 5.3 Survival of Representations and Warranties 53 5.4 Tax Returns 53 5.5 Financial Statements 53 5.6 Corporate Name 54 5.7 O.S.H.A. and Environmental Compliance 54 5.8 Solvency; No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 Litigation, Violation, Indebtedness or Default 55 5.9 Patents, Trademarks, Copyrights and Licenses 56 5.10 Licenses and Permits 56 5.11 Default of Indebtedness 57 5.12 No Default 74 4.7 57 5.13 No Burdensome Restrictions 57 5.14 No Labor Disputes 57 5.15 Margin Regulations 57 5.16 Investment Company Act 57 5.17 Disclosure 57 5.18 Delivery of ▇▇▇▇▇▇▇▇▇▇ Loan Documents and Senior Notes Documentation 58 5.19 Hedging Contracts 58 5.20 Conflicting Agreements 58 5.21 Application of Certain Laws and Regulations 58 5.22 Business and Property of the Loan Parties 58 5.23 Section 20 Subsidiaries 58 5.24 Anti-Terrorism Laws 59 5.25 Non-Operating Subsidiaries 59 VI. AFFIRMATIVE COVENANTS 60 6.1 Payment of Fees 60 6.2 Conduct of Business and Maintenance of Existence and Assets 60 6.3 Violations 60 6.4 Government Receivables 60 6.5 Fixed Charge Coverage Ratio 60 6.6 Execution of Supplemental Instruments 61 6.7 Payment of Indebtedness 61 6.8 Standards of Financial Statements 74 4.8 61 6.9 Anti-Terrorism Laws 61 VII. NEGATIVE COVENANTS 62 7.1 Merger, Consolidation, Acquisition and Sale of Assets 62 7.2 Creation of Liens 63 7.3 Guarantees 63 7.4 Investments 64 7.5 Loans 64 7.6 Capital Expenditures 65 7.7 Dividends 65 7.8 Indebtedness 74 4.9 Ownership 66 7.9 Nature of Property; Liens 74 i Sunshine (Northeast) – Business 67 7.10 Transactions with Affiliates 67 7.11 Leases 67 7.12 Subsidiaries 67 7.13 Fiscal Year and Accounting Changes 68 7.14 Pledge of Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements68 7.15 Amendment of Articles of Incorporation, By-Laws, Certificate of Limited Partnership, Limited Partnership Agreement, Articles of Organization, Operating Agreement, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 68 7.16 Compliance with ERISA 76 4.17 Investment Company Act; 68 7.17 Prepayment of Indebtedness 69 7.18 Other Regulations 76 4.18 Capitalization; Agreements 69 7.19 Inactive Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 569 VIII. CONDITIONS PRECEDENT 80 5.1 69 8.1 Conditions to Closing Date 80 5.2 Initial Advances 69 8.2 Conditions to Each Extension Advance 73 IX. INFORMATION AS TO THE LOAN PARTIES 73 9.1 Disclosure of Material Matters 73 9.2 Schedules 73 9.3 Litigation 74 9.4 Material Occurrences 74 9.5 Government Receivables 75 9.6 Annual Financial Statements 75 9.7 Quarterly Financial Statements 75 9.8 Monthly Financial Statements 76 9.9 Other Reports 76 9.10 Additional Information 76 9.11 Projected Operating Budget 76 9.12 Notice of Suits, Adverse Events 77 9.13 ERISA Notices and Requests 77 9.14 Additional Documents 78 X. EVENTS OF DEFAULT 78 10.1 Payment of Obligations 78 10.2 Misrepresentations 78 10.3 Failure to Furnish Information 78 10.4 Liens Against Assets 78 10.5 Breach of Covenants 78 10.6 Judgment 79 10.7 Insolvency and Related Proceedings of the Loan Parties 79 10.8 Insolvency; Cessation of Operations 79 10.9 Bankruptcy 79 10.10 Material Adverse Effect 79 10.11 Loss of Priority Lien 79 10.12 Breach of ▇▇▇▇▇▇▇▇▇▇ Loan Documents or Senior Notes Documentation 80 10.13 Breach of Material Agreements 80 10.14 Cross Default; Cross Acceleration 80 10.15 Termination of Guaranty 80 10.16 Change of Control 80 10.17 Invalidity of Credit 83 Section 6Agreement 80 10.18 Loss of Material Intellectual Property 80 10.19 Destruction of Collateral 81 10.20 Business Interruption 81 10.21 ERISA Events 81 XI. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87LENDERS’ RIGHTS AND REMEDIES AFTER DEFAULT 81 11.1 Rights and Remedies 81 11.2 Agent’s Discretion 82 11.3 Setoff 82
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Radnor Holdings Corp)
TABLE OF CONTENTS. ARTICLE I — DEFINITIONS 1 1.1 Defined Terms Section 1.1. Definitions 1 1.2 Other Definitional Provisions 36 Section 21.2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 General; References to Times 24 Section 1.3. Financial Attributes of Non-Wholly Owned Subsidiaries 24 ARTICLE II — CREDIT FACILITY 24 Section 2.1. Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Facility Loans 24 Section 2.2. Revolving Facility Loans 25 Section 2.3. Letters of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Credit 26 Section 2.4. Rates and Payment Dates 46 2.13 Computation of Interest on Loans 31 Section 2.5. Number of Interest Periods 31 Section 2.6. Repayment of Loans 32 Section 2.7. Prepayments 32 Section 2.8. Continuation 33 Section 2.9. Conversion 33 Section 2.10. Notes 33 Section 2.11. Voluntary Reduction of the Commitment 34 Section 2.12. Extension of Termination Date 34 Section 2.13. Expiration or Maturity Date of Letters of Credit Past Termination Date 35 Section 2.14. Amount Limitations 36 Section 2.15. Increase in Facility Amount 36 Section 2.16. Joint and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Several Liability 37 Section 2.17. Borrower Representative 38 Section 2.18. Security Interests in Collateral 39 ARTICLE III — PAYMENTS, FEES AND OTHER GENERAL PROVISIONS 39 Section 3.1. Payments 39 Section 3.2. Pro Rata Treatment 40 Section 3.3. Sharing of Payments, Etc. 40 Section 3.4. Several Obligations 41 Section 3.5. Minimum Amounts 41 Section 3.6. Fees 41 Section 3.7. Computations 42 Section 3.8. Usury 42 Section 3.9. Agreement Regarding Interest and Payments Charges 43 Section 3.10. Statements of Account 43 Section 3.11. Defaulting Lenders 43 Section 3.12. Taxes 45 ARTICLE IV — YIELD PROTECTION, ETC. 46 Section 4.1. Additional Costs; Capital Adequacy 46 Section 4.2. Suspension of LIBOR Loans 48 2.16 Requirements Section 4.3. Illegality 48 Section 4.4. Compensation 48 Section 4.5. Affected Lenders 49 Section 4.6. Treatment of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Affected Loans 49 Section 4.7. Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8750
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 Section 1. DESCRIPTION OF TRANSACTION 2 1.1 Defined Terms 1 Merger of Merger Sub into the Company 2 1.2 Other Definitional Provisions 36 Effects of the Merger 2 1.3 Closing; Effective Time 2 1.4 Certificate of Incorporation and Bylaws; Directors and Officers 2 1.5 Conversion of Shares 2 1.6 Closing of the Company’s Transfer Books 3 1.7 Exchange of Certificates 4 1.8 Issuance of Shares of Surviving Corporation 5 1.9 Tax Consequences 5 1.10 Further Action 6 1.11 Dissenting Shares 6 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 ExistenceOF THE COMPANY 6 2.1 Subsidiaries; Due Organization; Etc. 6 2.2 Certificate of Incorporation and Bylaws 7 2.3 Capitalization; Ownership of Subsidiary 7 2.4 Financial Statements 9 2.5 Absence of Changes 10 2.6 Title to Tangible Assets 11 2.7 Equipment; Real Property; Leasehold 12 2.8 Intellectual Property 12 2.9 Contracts 15 2.10 Liabilities 18 2.11 Compliance with Law 72 4.3 PowerLegal Requirements; AuthorizationRegulatory Matters 18 2.12 Certain Business Practices 19 2.13 Governmental Authorizations 19 2.14 Tax Matters 20 2.15 Employee and Labor Matters; Enforceable Obligations 73 4.4 Benefit Plans 21 2.16 Environmental Matters 24 2.17 Insurance 25 2.18 Transactions with Affiliates 25 2.19 Legal Proceedings; Orders 25 2.20 Authority; Binding Nature of Agreement 25 2.21 Inapplicability of Section 203 of the DGCL and other Anti-takeover Statute 26 2.22 Vote Required 26 2.23 Non-Contravention; Consents 26 2.24 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of PropertyBroker Fee 27 2.25 Acknowledgement by the Company 27 2.26 Private Placement 27 Section 3. REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB 27 3.1 Subsidiaries; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Due Organization; Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use 28 3.2 Certificate of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Incorporation and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Articles 28
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Filing of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Financing Statements; Commercial Tort Claims; Delivery of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Additional Documentation Required 59 4.5 Power of Interest and Fees 46 2.14 Inability Attorney 60 4.6 Right to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event Inspect 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 44.7 Control Agreements 61 5. REPRESENTATIONS AND WARRANTIES 72 4.1 62 5.1 No Change 72 4.2 ExistenceEncumbrances 62 5.2 Eligible Accounts 62 5.3 Eligible Inventory 62 5.4 Equipment 62 5.5 Location of Inventory and Equipment 62 5.6 Inventory Records 63 5.7 State of Incorporation; Compliance with Law 72 4.3 PowerLocation of Chief Executive Office; FEIN; Organizational ID Number; Commercial Tort Claims 63 5.8 Due Organization and Qualification; Subsidiaries 63 5.9 Due Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Conflict 64 5.10 Litigation 74 4.6 65 5.11 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Material Adverse Change 65 5.12 Fraudulent Transfer 65 5.13 Employee Benefits 65 5.14 Environmental Condition 65 5.15 Brokerage Fees 66 5.16 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior 66 5.17 Leases 66 5.18 Deposit Accounts and Securities Accounts 66 5.19 Complete Disclosure 66 5.20 Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of 67 5.21 Credit 83 Section Card Receipts 67 5.22 Margin Stock 67 6. AFFIRMATIVE COVENANTS 84 67 6.1 Accounting System 67 6.2 Collateral Reporting 67 6.3 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Statements, Reports, Certificates 67 6.4 Guarantor Reports 69 6.5 Returns 70 6.6 Maintenance of ExistenceProperties 70 6.7 Taxes 70 6.8 Insurance 70 6.9 Location of Inventory and Equipment 72 6.10 Compliance with Laws 72 6.11 Leases 72 6.12 Existence 72 6.13 Environmental 72 6.14 Disclosure Updates 73 6.15 Formation of Subsidiaries 73 7. NEGATIVE COVENANTS 73 7.1 Indebtedness 73 7.2 Liens 74 7.3 Restrictions on Fundamental Changes 74 7.4 Disposal of Assets 75 7.5 Change Name 75 7.6 Nature of Business 75 7.7 [Intentionally Omitted] 75 7.8 Change of Control 75 7.9 Consignments 75 7.10 Distributions 75 7.11 Accounting Methods 75 7.12 Investments 75 7.13 Transactions with Affiliates 76 7.14 Suspension 76 7.15 [Intentionally Omitted] 76 7.16 Use of Proceeds 76 7.17 Inventory and Equipment Storage 76 7.18 Financial Covenants 76 8. EVENTS OF DEFAULT 77 9. THE LENDER GROUP’S RIGHTS AND REMEDIES 79 9.1 Rights and Remedies 79 9.2 Remedies Cumulative 82 10. TAXES AND EXPENSES 82 11. WAIVERS; Compliance; Contractual Obligations 87INDEMNIFICATION 82
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 PURCHASE AND SALE OF CNCG INTERESTS 5 1.1 Defined Terms 1 Purchase and Sale 5 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations Purchase Price 6 1.3 The Closing 6 1.4 Restrictions on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Transfer 6 1.5 Tax Consequences 6 REPRESENTATIONS AND WARRANTIES 72 OF ZOOM AND ZOOM SUB 6 2.1 Due Organization and Good Standing 7 2.2 Title to Securities; Capitalization 8 2.3 Subsidiaries 8 2.4 Authorization; Binding Agreement 8 2.5 Governmental Approvals 9 2.6 No Violations 9 2.7 SEC Filings and Financial Statements 10 2.8 Absence of Certain Changes 11 2.9 Litigation 11 2.10 Finders and Investment Bankers 12 2.11 Listing 12 2.12 Investment Company Act 12 2.13 Information Supplied 12 REPRESENTATIONS AND WARRANTIES OF PORTABLES AND CNCG 12 3.1 Due Organization and Good Standing 13 3.2 Title to Securities; Capitalization 14 3.3 Subsidiaries 16 3.4 Authorization; Binding Agreement 16 3.5 Governmental Approvals 17 3.6 No Violations 17 3.7 Portables Financial Statements 18 3.8 Absence of Certain Changes 19 3.9 Absence of Undisclosed Liabilities 19 3.10 Compliance with Laws 20 3.11 Regulatory Agreements; Permits 20 3.12 Litigation 20 3.13 Restrictions on Business Activities 21 3.14 Material Contracts 21 3.15 Intellectual Property 23 3.16 Employee Benefit Plans 24 3.17 Taxes and Returns 26 3.18 Finders and Investment Bankers 27 3.19 Title to Properties; Assets 28 3.20 Employee Matters 29 3.21 Environmental Matters 30 3.22 Transactions with Affiliates 31 3.23 Insurance 31 3.24 Accounts Receivable 31 3.25 Inventory 31 3.26 Investment Company Act 32 3.27 Customers and Suppliers 32 3.28 Information Supplied 32 COVENANTS 32 4.1 Conduct of Business of Zoom, Portables and Portables Subsidiaries 32 4.2 Access and Information; Confidentiality 35 4.3 No Solicitation; No Change 72 4.2 Existencein Recommendation 36 4.4 Notification of Certain Matters 37 4.5 Best Efforts 38 4.6 Public Announcements 39 4.7 Other Actions 39 4.8 Required Information 40 4.9 T-Mobile Indebtedness 40 4.10 License Agreement 40 4.11 Other Indebtedness 40 4.12 CNCG Capital Account 40 4.13 Employment Agreements 41 4.14 Additional Portables Units 41 4.15 Remedy for Late Payment 41 4.16 Piggyback Registration Rights 41 4.17 Restrictions on Divestiture 41 4.18 Delivery of Equity Consideration 41 4.19 Limitation of Distributions 41 4.20 Tenant Leases 41 SURVIVAL; Compliance with Law 72 4.3 PowerINDEMNIFICATION; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership CERTAIN REMEDIES 42 5.1 Survival of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Representations and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. Warranties 42 5.2 Indemnification by Zoom 42 5.3 Indemnification by CNCG 43 5.4 Indemnification by PUI 43 5.5 Limitation on Indemnification 43 5.6 Indemnification Procedures 43 5.7 Recission Remedy 45 CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 8745
Appears in 1 contract
Sources: Securities Purchase Agreement (Zoom Technologies Inc)
TABLE OF CONTENTS. DEFINITIONS AND INTERPRETATION 1 1.1 Defined Terms Definitions 1 1.2 Interpretation 13 ARTICLE 2 - PURCHASE AND SALE TRANSACTION 14 2.1 Purchase and Sale 14 2.2 No Financing Contingency 14 2.3 Seller Financing 14 ARTICLE 3 - PURCHASE PRICE 14 3.1 Extension Deposit 14 3.2 Cash at Closing 14 ARTICLE 4 - DUE DILIGENCE 15 4.1 As Is Sale 15 4.2 Release from Liability 15 4.3 Release of Holding Company and Property Owner 16 4.4 Acknowledgment 17 ARTICLE 5 - ADJUSTMENTS AND PRORATIONS 17 5.1 Rent 17 5.2 Security Deposits 18 5.3 Real Estate Taxes, Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Taxes and Special Assessments 18 5.4 Special Assessments 18 5.5 Operating Expenses 19 5.6 Prepaid Expenses 19 5.7 Intentionally Omitted 19 5.8 Other Customary Prorations 19 5.9 Closing Costs 19 5.10 Calculation of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Adjustments and Prorations 20 ARTICLE 6 - CLOSING 21 6.1 Closing Date 21 6.2 Payment of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Purchase Price 21 6.3 Seller’s Closing Deliveries 22 6.4 Buyer’s Closing Deliveries 24 ARTICLE 7 - REPRESENTATIONS AND WARRANTIES 72 4.1 24 7.1 Buyer’s Warranties 24 7.2 Seller’s Warranties 25 7.3 General Provisions 34 7.4 No Change 72 4.2 ExistenceConsequential Damages 35 7.5 Remedies 35 7.6 Indemnity Escrow Funds 37 ARTICLE 8 - COVENANTS 37 8.1 Publicity 37 8.2 Brokers 37 8.3 Tax Matters 38 8.4 Audited Financials 39 ARTICLE 9 - MISCELLANEOUS 39 9.1 Assignment 39 9.2 Integration; Waiver; Waiver of Bulk Sales Compliance with 40 9.3 Governing Law 72 4.3 Power40 9.4 Captions Not Binding; Authorization; Enforceable Obligations 73 4.4 Exhibits 40 9.5 Binding Effect 40 9.6 Severability 40 9.7 Notices 40 9.8 Counterparts 41 9.9 No Legal Bar 73 4.5 Litigation 74 4.6 Recordation 41 9.10 Limitation of Liability 41 9.11 Construction 42 9.12 Time of Essence 42 9.13 Waiver of Jury Trial 42 9.14 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership Presumption Regarding Drafting 42 9.15 Facsimile Signatures 42 9.16 No Third Party Beneficiaries 42 9.17 Prior Agreements 42 THIS MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT (this “Agreement”) is executed as of Property; Liens 74 i Sunshine September 30, 2016, by and between MSR I, LP, a Delaware limited partnership (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements“Seller”), Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Informationand Altisource Residential, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87L.P., a Delaware limited partnership (“Buyer”).
Appears in 1 contract
Sources: Membership Interest Purchase and Sale Agreement (Altisource Residential Corp)
TABLE OF CONTENTS. DEFINITIONS 1. BACKGROUND 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section DEFINITIONS 4 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section LICENSE GRANT 9 4. REPRESENTATIONS SUBLICENSING RIGHTS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section OBLIGATIONS 9 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section FEES, ROYALTIES, AND PAYMENTS 10 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesDUE DILIGENCE 13 7. ROYALTY AND PROGRESS REPORTS 15 8. BOOKS AND RECORDS 17 9. LIFE OF THE AGREEMENT 17 10. TERMINATION 18 11 DISPOSITION OF LICENSED PRODUCTS ON HAND UPON TERMINATION 19 12. PATENT PROSECUTION AND MAINTENANCE 20 I3. PATENT INFRINGEMENT 22 14. USE OF NAMES AND TRADEMARKS 25 15. LIMITED WARRANTY 25 16. INDEMNIFICATION 26 17. INSURANCE 27 18. WAIVER 28 19. ASSIGNABILITY 28 20. LATE PAYMENTS 29 21. NOTICES 29 22. GOVERNING LAWS; Other Information 85 6.3 Maintenance VENUE; ATTORNEYS FEES 30 23. PATENT MARKING 31 24. GOVERNMENT APPROVAL OR REGISTRATION 31 25. COMPLIANCE WITH LAWS 31 26. FORCE MAJEURE 32 27. UNITED STATES PREFERENCE 32 28. PROPRIETARY INFORMATION 33 29. MISCELLANEOUS 33 EXHIBIT A — LICENSED PATENTS 35 EXHIBIT B — RIGHTS GRANTED AND PERFORMANCE OBLIGATIONS 38 EXHIBIT C — FEES AND ROYALTIES 43 EXHIBIT D — MUTUAL NONDISCLOSURE AGREEMENT 46 EXHIBIT E — SCHEDULE 47 This license agreement (“Agreement”) is effective on the Effective Date by and between The Regents of Existence; Compliance; Contractual Obligations 87the University of California (“THE REGENTS”), under its United States Department of Energy (“DOE”) Contract No. W-7405-ENG-48 to manage and operate L▇▇▇▇▇▇▇ Livermore National Laboratory (“LLNL”), and TomoTherapy Incorporated (“LICENSEE”) a Wisconsin corporation having its principal place of business at 1▇▇▇ ▇▇▇▇▇▇ ▇▇▇, Madison, Wisconsin 53717. THE REGENTS is a corporation organized and existing under the laws of the State of California, with its principal office at 1▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. THE REGENTS and LICENSEE are referred to jointly as “Parties.” This Agreement and the resulting license are subject to overriding obligations to the Federal Government pursuant to the provisions of THE REGENTS’ Contract No. W-7405-ENG-48 with the DOE for the operation of the LLNL and D▇▇’▇ ▇▇▇▇▇ of patent rights to THE REGENTS.
Appears in 1 contract
Sources: Limited Exclusive Patent License Agreement (TomoTherapy Inc)
TABLE OF CONTENTS. DEFINITIONS Page 1 1.1 Defined Terms Authorization of Notes 1 1.2 2 Sale And Purchase of Notes 1 3 Closing 1 4 Conditions Precedent 2 4.1 Material Debt Documents 2 4.2 Certain Documents 2 4.3 Perfection of Liens 4 4.4 [Intentionally Omitted.] 4 4.5 Representations and Warranties 4 4.6 Performance; No Default 5 4.7 Changes in Structure 5 4.8 Purchase Permitted By Applicable Law, Etc 5 4.9 Private Placement Number 5 4.10 Agent for Service of Process 5 4.11 Consents 6 4.12 Payment of Special Counsel Fees 6 4.13 Financial Statements 6 4.14 Funding Instructions 6 4.15 Acquisition 6 4.16 Closing Under 2012 Credit Agreement; Amendment to Prudential Note Agreement 6 4.17 No Material Adverse Change 7 4.18 Proceedings and Documents 7 5 Representation and Warranties of the Company 7 5.1 Organization; Power and Authority 7 5.2 Authorization, Etc 7 5.3 Disclosure 8 5.4 Organization; Power and Authority 8 5.5 Financial Statements 9 5.6 Compliance with Laws; Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure Instruments, Etc 9 5.7 Governmental Authorizations, Etc 10 5.8 Litigation; Observance of Agreements, Statutes and Orders 10 Page 5.9 Taxes 10 5.10 Title to Property; Leases 11 5.11 Licenses, Permits, Etc 11 5.12 Compliance with ERISA; Non-U.S. Plans 12 5.13 Private Offering 13 5.14 Use of Proceeds; Margin Regulations 13 5.15 Existing Debt; Liens 13 5.16 Foreign Assets Control Regulations, Etc 14 5.17 Status under Certain Statutes 15 5.18 Environmental Matters 15 5.19 Ranking of Obligations 16 5.20 Expropriation 16 5.21 Collateral Documents 16 5.22 Hostile Tender Offers 16 6 Representations of the Purchasers 16 6.1 Purchase for Term Loan Borrowing 38 2.3 Repayment Investment 16 6.2 Source of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Funds 16 7 Information as to the Company 18 7.1 Financial and Business Information 18 7.2 Officer’s Certificate 21 7.3 Visitation 21 7.4 Limitation on Disclosure Obligations 22 8 Prepayment of Commitments 41 2.8 the Notes 22 8.1 Required Prepayments 22 8.2 Optional Prepayments 41 2.9 Mandatory with Make-Whole Amount 24 8.3 Allocation of Partial Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation 24 8.4 Maturity; Surrender, Etc 24 8.5 Purchase of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to BailNotes 25 8.6 Make-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Whole Amount 25 9 Affirmative Covenants 26 9.1 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required 26 9.2 Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 27 Page 9.3 Maintenance of Properties 27 9.4 Payment of Taxes and Claims 27 9.5 Existence, Etc 28 9.6 Books and Records 28 9.7 Pari Passu Ranking 28 9.8 Information Required by Rule 144A 28 9.9 Additional Guarantors 29 9.10 Most Favored Lender 29 9.11 Share Ownership 30 9.12 Designation of Designated Subsidiaries 30 9.13 Takings and Other Transactions 30 9.14 Material Contracts 31 9.15 Acquisitions 31 9.16 Title 31 9.17 Merger, etc 31 9.18 Info Systems 32 9.19 Post-Closing Covenant 32 9.20 Further Assurances 32 10 Negative Covenants 33 10.1 Debt 33 10.2 Liens 33 10.3 Merger, Etc 33 10.4 Other Business 33 10.5 Fiscal Year 33 10.6 Asset Disposition 34 10.7 Non-Arms’ Length Transactions 34 10.8 Restrictions on Distributions 34 10.9 Financial Covenants 35 10.10 Terrorism Sanctions Regulations 36 10.11 Distributions 36 10.12 Limitation Regarding Land Note 36 10.13 LuxCo Loan and Parent Loan 36 Page 10.14 Certain Acquisitions 38 10.15 Accounts 38 11 Events Of Default 38 12 Remedies On Default, Etc 41 12.1 Acceleration 41 12.2 Other Remedies 42 12.3 Rescission 42 12.4 No Waivers or Election of Remedies, Expenses, Etc 42 13 Tax Indemnification 43 14 Registration; ComplianceExchange; Contractual Obligations 87Substitution Of Notes 46 14.1 Registration of Notes 46 14.2 Transfer and Exchange of Notes 46 14.3 Replacement of Notes 46 15 Payments On Notes 47 15.1 Place of Payment 47 15.2 Home Office Payment 47 16 Expenses, Etc 48 16.1 Transaction Expenses 48 16.2 Certain Taxes 48 16.3 Survival 48 17 Survival Of Representations And Warranties; Entire Agreement 49 18 Amendment And Waiver 49 18.1 Requirements 49 18.2 Solicitation of Holders of Notes 49 18.3 Binding Effect. Etc 50 18.4 Notes Held by Company, Etc 50 19 Notices 50 20 Reproduction Of Documents 51 21 Confidential Information 51 22 Substitution of Purchaser 52 23 Miscellaneous 53 23.1 Successors and Assigns 53 Page
Appears in 1 contract
Sources: Note Purchase Agreement (Macdonald Dettwiler & Associates LTD)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS ARTICLE I REPRESENTATIONS, COVENANTS, AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 OF HUNNO TECHNOLOGIES, INC. 1.01 Organization 4 1.02 Capitalization 5 1.03 Subsidiaries and Predecessor Corporations 5 1.04 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership 5 1.05 Information 6 1.06 Options and Warrants 6 1.07 Absence of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Certain Changes or Events 6 1.08 Title and Related Matters 75 4.16 ERISA 76 4.17 Investment Company Act; 7 1.09 Litigation and Proceedings 8 1.10 Contracts 8 1.11 Material Contract Defaults 9 1.12 No Conflict With Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Instruments 9 1.13 Governmental Authorizations 9 1.14 Compliance With Laws and Sanctions 80 4.28 Lines Regulations 9 1.15 Insurance 10 1.16 Approval of Agreement 10 1.17 Material Transactions or Affiliations 10 1.18 Labor Relations 10 1.19 Digital Concepts Schedules 10 1.20 Bank Accounts; Power of Attorney 11 1.21 Valid Obligation 12 ARTICLE II REPRESENTATIONS, COVENANTS, AND WARRANTIES OF SKINTEK LABS, INC. 2.01 Organization 13 2.02 Capitalization 13 2.03 Subsidiaries and Predecessor Corporations 13 2.04 Securities Filings; Financial Statements 13 2.05 Information 14 2.06 Options and Warrants 15 2.07 Absence of Certain Changes or Events 15 2.08 Title and Related Matters 16 2.09 Litigation and Proceedings 16 2.10 Contracts 17 2.11 Material Contract Defaults 17 2.12 No Conflict With Other Instruments 18 2.13 Governmental Authorizations 18 2.14 Compliance With Laws and Regulations 18 2.15 Insurance 18 2.16 Approval of Agreement 18 2.17 Continuity of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension Enterprises 18 2.18 Material Transactions or Affiliations 19 2.19 Labor Relations 19 2.20 Skintek Labs Schedules 19 2.21 Bank Accounts; Power of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Attorney 21 2.22 Valid Obligation 21 ARTICLE III PLAN OF EXCHANGE
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined ARTICLE I Definitions and Use of Terms 1 1.2 Other Definitional Provisions 36 Section 21.01. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Certain Definitions 1 1.02. Headings 13 1.03. Number and Gender of Words 13 1.04. Money 13 1.05. Articles, Sections and Exhibits 13 1.06. Accounting Terms 13 1.07. Classification of Loans and Borrowings 13 1.08. Certain Calculations 14 ARTICLE II Loans 14 2.01. Loans 14 2.02. Promissory Note; Interest on Loans 15 2.03. Commitment Fee 16 2.04. Interest 16 2.05. Alternate Rate of Interest 17 2.06. Increased Costs 17 2.07. Break Funding Payments 18 ARTICLE III Letters of Credit 18 3.01. Letters of Credit 18 3.02. Procedure for Term Loan Borrowing 38 2.3 Repayment Issuing, Amending, Renewing and Extending Letters of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Credit 19 3.03. Payments Constitute Advances 19 3.04. Letter of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Credit Fee 19 3.05. Obligations Absolute 19 3.06. Limitation of Liability 20 3.07. Additional Costs in Respect of Letters of Credit 20 3.08. Cash Collateral Pledge 20 ARTICLE IV Conditions Precedent 21 4.01. Initial Extension of Credit 21 4.02. Conditions to all Advances 22 ARTICLE V Representations and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Warranties 22 5.01. Existence, Power 22 5.02. Binding Obligations 22 5.03. No Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 322 5.04. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4Taxes; Governmental Charges 23 5.05. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 23 5.06. Financial Statements 74 4.8 Indebtedness 74 4.9 23 5.07. Suits, Actions, Etc 23 5.08. Insurance 23 5.09. Subsidiaries 23 5.10. Ownership of PropertyProperty 23 5.11. Environmental Compliance 24 5.12. ERISA Compliance 24 5.13. Margin Regulations; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 CapitalizationPublic Utility Holding Company Act 24 5.14. Disclosure 24 5.15. Intellectual Property 25 5.16. Patriot Act 25 5.17. Solvency 25 ARTICLE VI Affirmative Covenants 25 6.01. Furnish to Lender: 25 6.02. Notices 26 6.03. Accounts and Records 26 6.04. Preservation of Existence, Etc 27 6.05. Maintenance of Properties 27 6.06. Maintenance of Insurance 27 6.07. Right of Inspection 27 6.08. Right to Additional Information 27 6.09. Compliance with Governmental Requirements 27 6.10. Taxes 27 6.11. Additional Documents 28 6.12. Lender as Principal Depository 28 6.13. Additional Material Subsidiaries 28 ARTICLE VII Negative Covenants 28 7.01. Nature of Business 28 7.02. Liquidations, Mergers, Consolidations; Subsidiaries 77 4.19 Disposition of Assets; Acquisitions 28 7.03. Sale and Leaseback 29 7.04. Liens 29 7.05. Indebtedness 30 7.06. Loans and Investments 31 7.07. Transactions with Affiliates 32 7.08. Dividends 32 7.09. Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy 33 7.10. Additional Subsidiaries 33 7.11. Fiscal Year; Accounting 33 ARTICLE VIII Financial Covenants 33 8.01. Operating Leverage (Funded Debt) 33 8.02. Fixed Charge Coverage 33 8.03. Capital Expenditures 33 ARTICLE IX Events of InformationDefault 34 9.01. Events of Default 34 9.02. Remedies 35 9.03. Right of Setoff 35 9.04. Performance by Lender 35 9.05. Rights Cumulative; Election of Remedies 36 ARTICLE X Miscellaneous 36 10.01. Waiver and Agreement 36 10.02. Benefits 36 10.03. Notices 36 10.04. Survival 37 10.05. Controlling Agreement 37 10.06. No Third Party Beneficiary 37 10.07. Lender’s Consent or Approval 37 10.08. Applicable Governmental Requirements 37 10.09. Loan Agreement Governs 38 10.10. Time of Essence 38 10.11. Patriot Act Notice 38 10.12. Invalid Provisions 38 10.13. Expenses of Lender 38 10.14. INDEMNIFICATION OF LENDER 38 10.15. Participation of the Loans 39 10.16. Confidentiality 39 10.17. Counterparts; Facsimile Documents and Signatures 40 10.18. Imaging of Documents 40 10.19. No Oral Agreements 40 10.20. WAIVER OF RIGHT TO TRIAL BY JURY 41 THIS LOAN AGREEMENT (this “Loan Agreement”) is dated October 15, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T 2012, by and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws between Del Frisco’s Restaurant Group, Inc., a Delaware corporation (“Borrower”), and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87JPMorgan Chase Bank, N.A., a national banking association (“Lender”).
Appears in 1 contract
Sources: Loan Agreement (Del Frisco's Restaurant Group, Inc.)
TABLE OF CONTENTS. DEFINITIONS DEFINITIONS; CERTAIN RULES OF CONSTRUCTION 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT PURCHASE AND TERMS SALE OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment SHARES 14 2.1. Purchase and Sale of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Shares 14 2.2. The Closing 14 2.3. Preliminary Consideration 15 2.4. Treatment of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Options 15 2.5. Closing Payments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Deliverables 16 2.6. Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to BailAllocation Schedule 17 2.7. Escrow 17 2.8. Post-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section Closing Adjustment 18 2.9. Withholding 20 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY 20 3.1. Organization 20 3.2. Power and Authorization 21 3.3. Authorization of Governmental Authorities 21 3.4. Noncontravention 21 3.5. Capitalization of the Company 21 3.6. Financial Matters 23 3.7. Absence of Undisclosed Liabilities 24 3.8. Absence of Certain Developments 24 3.9. Debt 25 3.10. Ownership of Assets; Sufficiency 25 3.11. Real Property 26 3.12. Intellectual Property 27 3.13. Legal Compliance; Illegal Payments; Permits 31 3.14. Regulatory Matters 31 3.15. Tax Matters 33 3.16. Employee Benefit Plans 35 3.17. Environmental Matters 37 3.18. Contracts 38 3.19. Employees 40 3.20. Affiliate Transactions 41 3.21. Litigation; Government Orders 41 3.22. Insurance 42 3.23. Powers of Attorney 42 3.24. Bank Accounts 42 3.25. No Brokers 42 4. REPRESENTATIONS AND WARRANTIES 72 4.1 REGARDING THE FORMER HOLDERS 42 4.1. Power and Authorization 43 4.2. Authorization of Governmental Authorities 43 4.3. Noncontravention 43 4.4. Title 43 4.5. No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section Brokers 43 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension REPRESENTATIONS AND WARRANTIES OF THE BUYER 44 5.1. Organization 44 5.2. Power and Authorization 44 5.3. Authorization of Credit 83 Section Governmental Authorities 44 5.4. Noncontravention 44 5.5. No Brokers 44 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates44 6.1. Further Assurances 44 6.2. Former Holder’s Consent 44 6.3. Release 45 6.4. Publicity 46 6.5. Confidentiality 46 7. INDEMNIFICATION 47 7.1. Survival 47 7.2. Indemnification Mechanics 49 7.3. Third-Party Claims 50 7.4. No Circular Recovery 51 7.5. Knowledge and Investigation 52 7.6. Manner of Payment 52 7.7. Tax Treatment 52 7.8. Exclusive Remedy 53 8. TAX MATTERS 53 8.1. Straddle Period 53 8.2. Tax Sharing Agreements 53 8.3. Cooperation on Tax Matters 53 8.4. Transfer Taxes 53 8.5. Tax Returns 54 8.6. Tax Contests 54 8.7. Post-Closing Tax Actions 54 8.8. Section 338 Election 54 9. MISCELLANEOUS 55 9.1. Notices 55 9.2. Succession and Assignment; Other Information 85 6.3 Maintenance No Third-Party Beneficiary 56 9.3. Amendments and Waivers 56 9.4. Entire Agreement 56 9.5. Disclosure Schedules 57 9.6. Severability 57 9.7. Headings 57 9.8. Construction 57 9.9. Governing Law; Waiver of ExistenceJury Trial 58 9.10. Jurisdiction; Compliance; Contractual Obligations 87Exclusive Venue 58 9.11. Specific Performance 59 9.12. Provisions Concerning the Former Holders’ Representative 59 Annex I List of Stockholders Annex II List of Optionholders Exhibit A Sample Calculation of Net Working Capital Exhibit B Estimated Closing Statement Exhibit C Payment Allocation Schedule Exhibit D GAAP Deviations Schedule 1 Product Candidates This Stock Purchase Agreement, dated as of August 20, 2025 (as amended or otherwise modified, this “Agreement”), is by and among Olaplex, Inc., a Delaware corporation (the “Buyer”), Purvala Bioscience, Inc., a Delaware corporation (the “Company”), the stockholders of the Company listed on Annex I hereto (collectively, the “Stockholders”), the optionholders of the Company listed on Annex II hereto (collectively, the “Optionholders” and, together with the Stockholders, the “Former Holders”), and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as representative for the Former Holders (the “Former Holders’ Representative”).
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 2 PARAGRAPH PAGE 3 Title Page 1 1.1 Defined 4 Table of Contents 2 5 Referenced Contract Provisions 4 6 I. Acronyms 5 7 II. Alteration of Terms 1 1.2 Other Definitional Provisions 36 Section 29 8 III. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Assignment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Debts 10 9 IV. Compliance 10 10 V. Confidentiality 14 11 VI. Conflict of Interest 15 12 VII. Debarment and Fees 46 2.14 Inability Suspension Certification 15 13 VIII. Delegation, Assignment and Subcontracts 15 14 IX. Dispute Resolution 17 15 X. Employee Eligibility Verification 18 16 XI. Facilities, Payments and Services 18 17 XII. Indemnification and Insurance 19 18 XIII. Inspections and Audits 23 19 XIV. Licenses and Laws 24 20 XV. Literature, Advertisements and Social Media 25 21 XVI. Maximum Obligation 26 22 XVII. Minimum Wage Laws 26 23 XVIII. Nondiscrimination 26 24 XIX. Notices 29 25 XX. Notification of Death 29 26 XXI. Notification of Public Events and Meetings 30 27 XXII. Records Management and Maintenance 30 28 XXIII. Research and Publication 32 29 XXIV. Severability 32 30 XXV. Special Provisions 32 31 XXVI. Status of Contractor 33 32 XXVII. Term 33 33 XXVIII. Termination 33 34 XXIX. Third Party Beneficiary 35 35 XXX. Waiver of Default or Breach 35 36 Signature Page 37 37 // 1 TABLE OF CONTENTS (Continued) 3 EXHIBIT A PAGE 5 II. Housing Navigation and Sustainability Services to Determine Interest Non-Behavioral Health Involved Clients 4 12 EXHIBIT B PAGE 13 I. Information Privacy and Security Requirements 1 14 II. Definitions 1 15 III. Disclosure Restrictions 3 16 IV. Use Restriction 3 17 V. Safeguards 3 18 VI. Security 3 19 VII. Security Officer 4 20 VIII. Training 4 21 IX. Employee Discipline 4 22 X. Breach and Security Incident Responsibilities 4 23 XI. Documentation of Disclosures for Requests for Accounting. 7 24 XII. Requests for County PCI by Third Parties 7 26 XIV. Return or Destruction of County PCI on Expiration or Termination 8 28 XVI. Assistance in Litigation or Administrative Proceedings 8 29 XVII. No Third Party Beneficiaries 9 30 XVIII. Interpretation 9 31 XIX. Survival 9 33 ATTACHMENT 1 to EXHIBIT B 35 // 36 // 37 // 1 REFERENCED CONTRACT PROVISIONS 2 3 Term: February 26, 2020 through December 31, 2020 4 Period One means the period from February 26, 2020 through June 30, 2020 5 Period Two means the period from July 1, 2020 through December 31, 2020 6 Period Three means the period from January 1, 2021 through December 31, 2021 7 8 Maximum Obligation: 9 Period One Maximum Obligation: $ 140,923.91 10 Period Two Maximum Obligation: $1,438,559.94 11 Period Three Maximum Obligation: $1,579,483.85 12 TOTAL MAXIMUM OBLIGATION: $3,000,000.00 13 Aggregate Maximum Obligation: $6,107,520 15 Basis for Reimbursement: Combination - Negotiated Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements Actual Cost 16 17 Payment Method: Monthly in Arrears 19 CONTRACTOR DUNS Number: «DUNS_NUMBER» 20 21 CONTRACTOR TAX ID Number: «TAX_ID» 23 Notices to COUNTY and CONTRACTOR: 24 25 COUNTY: County of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to BailOrange 26 Health Care Agency 27 Contract Services 28 ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇▇-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements▇▇▇▇ 31 CONTRACTOR: «CONTRACTOR_NAME_LC» 32 «CONTRACTOR_ADDRESS_1», Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information«CONTRACTOR_ADDRESS_2» 33 «CONTRACTOR_CITY», Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti«CONTRACTOR_STATE» «CONTRACTOR_ZIP» 34 Attention: «CONTACT_NAME», «CONTACT_TITLE» 35 E-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Mail Address: «CONTACT_EMAIL_ADDRESS» 36 // 37 // 1 //
Appears in 1 contract
Sources: Agreement for Provision of Housing Navigation and Sustainability Services
TABLE OF CONTENTS. ARTICLE I DEFINITIONS 1 2 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2 ARTICLE II INTERCREDITOR PROVISIONS 11 2.1 Term Commitments 38 Standstill 11 2.2 Procedure for Term Prohibition on Contesting Liens 12 2.3 Amendments to Loan Borrowing 38 2.3 Repayment Documents 13 2.4 Certain General Intercreditor Matters 13 ARTICLE III THE COLLATERAL AGENCY 14 3.1 Appointment 14 3.2 Exercise of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability Powers 14 ARTICLE IV SHARED SECURITY DOCUMENTS 14 4.1 General Relation to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines 14 4.2 Power of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Attorney 15 4.3 Certain Rights After Event of Default 15 4.4 Right to Initiate Judicial Proceedings 16 4.5 Right to Appoint a Receiver 16 4.6 Remedies Not Exclusive, etc. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension 16 4.7 Certain Waivers 17 4.8 No New Liens 18 4.9 Limitation on Collateral Agent’s Duty in Respect of Credit 83 Section 6Collateral 18 4.10 Fees, Taxes, etc. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 18 4.11 Maintenance of ExistenceLiens 19 4.12 Further Assurances 19 ARTICLE V DISTRIBUTIONS 19 5.1 Collateral Account 19 5.2 Investment 20 5.3 Deposits 20 5.4 Distributions 20 5.5 Calculations 21 5.6 Application of Monies 21 ARTICLE VI THE COLLATERAL AGENT 22 6.1 General Nature of Duties 22 6.2 General Exculpation 23 6.3 Certain Disclaimers 23 6.4 Right to Require Indemnity 23 6.5 Delegation of Duties 23 6.6 Reliance, etc. 24 6.7 Representations, etc. 24 6.8 Disclosure 24 6.9 Collateral Agent in Individual Capacity 25 6.10 Moneys to be Held As Agent 25 6.11 Responsible Parties 25 6.12 Intentionally Omitted 25 6.13 Expenses 25 6.14 Indemnity 25 6.15 Indemnification by Secured Creditors 26 6.16 Collateral Agent Obligations 26 6.17 Successor Collateral Agent 26 6.18 Co-Collateral Agent 28 6.19 Delivery of Documents 28 ARTICLE VII MISCELLANEOUS 28 7.1 Amendments, Supplements and Waivers 28 7.2 Notices 29 7.3 No Implied Waiver; Compliance; Contractual Cumulative Remedies 29 7.4 Severability 29 7.5 Prior Understandings 30 7.6 Survival 30 7.7 Counterparts 30 7.8 Termination of Liens 30 7.9 Successors and Assigns 30 7.10 Governing Law 30 7.11 Waiver of Right to Trial by Jury 31 7.12 Several Obligations 87of Controlled-Non Profits 31 This INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT, dated September 20, 2004, and entered into by and among STONEMOR GP LLC, a Delaware limited liability company (the “General Partner”), STONEMOR PARTNERS L.P., a Delaware limited partnership (the “Partnership”), STONEMOR OPERATING LLC, a Delaware limited liability company (the “Operating Company”), the subsidiaries of the Operating Company party to the Loan Documents (as defined below) (together with the Operating Company, each individually a “Borrower” and collectively, the “Borrowers”), the Lenders, the Noteholders, and FLEET NATIONAL BANK, a Bank of America company, a national banking association (“Fleet”), in its capacity as administrative agent for the Lender Creditors (as defined below) (together with its successors and assigns from time to time, the “Administrative Agent”), and in its capacity as collateral agent for the Secured Creditors (as defined below) (together with its successors and assigns from time to time, the “Collateral Agent”).
Appears in 1 contract
Sources: Intercreditor and Collateral Agency Agreement (Stonemor Partners Lp)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section Commencement Date of Term 5 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section Rent 6 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section Additional Rent 7 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Repairs and Maintenance Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Tenant 10 5. Repairs and Maintenance Obligation of Landlord 11 6. Utilities and Personal Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements12 7. Glass, EtcDamage by Tenant 13 8. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, EtcPremises 14 9. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Alterations and Regulation U 80 4.27 AML Laws; Anti-Corruption Improvements 15 10. Laws and Sanctions 80 4.28 Lines Ordinances 19 11. Insurance 21 12. Landlord's Liability 24 13. Default of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Landlord 25 14. CONDITIONS PRECEDENT 80 5.1 Conditions Default of Tenant 25 15. Access to Closing Date 80 5.2 Conditions Premises 29 16. Hold Harmless 29 17. Assignment or Sublease 30 18. Condemnation 31 19. Fire or Casualty Loss 32 20. Estoppel Certificate 33 21. Signage 34 22. Brokerage Commission 34 23. Unavoidable Delays 34 24. Subordination 35 25. Security Deposit 36 26. Intentionally Omitted 37 27. Intentionally Omitted 37 28. Environmental Covenants 37 29. Auction Sales 39 30. Holding Over 39 31. Quiet Possession 40 32. Representations and Warranties of Landlord 40 33. Notices 41 34. Parties Bound 42 35. Abandoned Personal Property 42 36. Article Headings 43 37. Governing Law 43 38. Letter of Acceptance 43 39. Tenant’s Right to Each Extension Lease Unit B 43 40. Options to Renew 44 41. Conditional Right of Credit 83 Section 6First Offer on Purchase of Landlord’s Premise 45 42. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Intentionally Deleted 45 43. Mobile Data Center 45 44. Rooftop Rights 46 45. Redundant Conduit Line 47 46. Supplemental HVAC 48 47. Venting 49 48. Grounding of Existence; Compliance; Contractual Obligations 87Equipment 49 49. Backup Electrical Generators 49 50. Due Execution 50 51. Payment of Tenant’s Legal Costs Under Special Circumstances 50 THIS AGREEMENT, made this 19th day of January, 2005, By and Between: 410 COMMERCE, L.L.C., c/o Russo Development, LLC., ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Hackensack, New Jersey 07601 (hereinafter referred to as “Landlord”), and SUNGARD AVAILABILITY SERVICES LP, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇, Pennsylvania 19087 (hereinafter referred to as “Tenant”).
Appears in 1 contract
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2Reports; Results; Testing by the Parties 13 2.10 Governance 14 2.11 No Representation 14 2.12 Material Transfer 14 2.13 Celgene Assays 16 2.14 Reversion of Rights 16 2.15 OncoMed Assay Technology 16 2.16 Clarification 16 2.17 [***]SM Compound Information. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 16 2.18 Covenant During [***]SM Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 17 ARTICLE 3. LETTERS OF CREDIT 62 LEAD CANDIDATE DEVELOPMENT AND COMMERCIALIZATION 17 3.1 Revolving L/C Commitments 62 Section Development; Commercialization 17 3.2 Regulatory 17 3.3 Assistance 18 3.4 Records; Reports; Results 18 3.5 Governance 18 ARTICLE 4. REPRESENTATIONS ANTITRUST AND WARRANTIES 72 COMPETITION LAW COMPLIANCE 18 4.1 No Change 72 4.2 Existence; Antitrust Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 18 ARTICLE 5. CONDITIONS PRECEDENT 80 EXCLUSIVITY 18 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section Exclusivity 18 ARTICLE 6. AFFIRMATIVE COVENANTS 84 FINANCIAL TERMS 19 6.1 Financial Statements 84 Upfront Payment 19 6.2 CertificatesResearch Expenses 19 6.3 Milestones 19 6.4 Royalties 19 6.5 Royalty Payment Terms 20 6.6 Additional Payment Terms 22 6.7 Records Retention by Celgene; Other Information 85 6.3 Review by OncoMed 23 ARTICLE 7. INTELLECTUAL PROPERTY 24 7.1 Licenses 24 7.2 Ownership 26 7.3 Prosecution and Maintenance of ExistencePatents 26 7.4 Defense of Claims Brought by Third Parties 26 7.5 Enforcement of Patents 26 7.6 Patent Term Extensions 29 7.7 OncoMed Platform Technology 29 [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 7.8 Celgene Patents 29 7.9 Regulatory Data Protection 30 7.10 Third Party Licenses 30 ARTICLE 8. ONCOMED UPSTREAM AGREEMENTS 30 8.1 Upstream Obligations 30 8.2 Michigan Agreement 30 ARTICLE 9. INDEMNIFICATION; ComplianceINSURANCE 31 9.1 Indemnification by Celgene 31 9.2 Indemnification by OncoMed 32 9.3 Notice of Claims 32 9.4 Indemnification Procedures 32 9.5 Insurance 33 9.6 LIMITATION OF LIABILITY 33 ARTICLE 10. [***]SM LICENSE TERM AND TERMINATION 34 10.1 Term; Contractual Obligations 87Expiration 34 10.2 Termination Without Cause 34 10.3 Termination for Breach 35 10.4 Termination for Patent Challenge 36 10.5 Termination for Bankruptcy 36 10.6 Effects of Expiration or Termination 36 10.7 Survival of Sublicensees 37 10.8 Surviving Provisions 37 10.9 Relationship to Other Agreements 38 ARTICLE 11. MISCELLANEOUS 39 11.1 Confidentiality; Publicity 39 11.2 Disclaimer of Warranties 39 11.3 Applicability of Terms of Master Collaboration Agreement 39 11.4 Assignment 39 11.5 Celgene Parties 41 11.6 Entire Agreement 41 [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Appears in 1 contract
Sources: Master Research and Collaboration Agreement (OncoMed Pharmaceuticals Inc)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions DISCLAIMER 2 SECTION - I: NOTICE INVITING E-TENDER 5 SECTION – II: INSTRUCTIONS TO BIDDERS (ITB) 8 SECTION - III: BID DATA SHEET 23 SECTION – IV: TECHNICAL BID STANDARD FORMS 27 FORM 4A: LETTER OF BID 28 FORM 4B: ELIGIBLE PROJECTS 30 FORM 4C: AVERAGE ANNUAL TURNOVER 32 FORM 4D: POWER OF ATTORNEY 33 FORM 4E: DECLARATION BY THE BIDDERS 35 FORM 4F: BIDDER INFORMATION SHEET 36 Section FORM 4G: FORMAT FOR PRE BID QUERIES BY BIDDERS 37 FORM 4H: LIST OF ON-GOING WORKS 38 FORM 4I: DETAILS OF MANPOWER SUPPLIED 39 SECTION – V: FINANCIAL BIDS STANDARD FORMS 40 FORM FIN – 1: FINANCIAL BID SUBMISSION FORM 41 FORM FIN – 2. AMOUNT AND : SUMMARY OF COSTS – BOQ 42 SECTION –VI: TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure REFERENCE (ToR) 44 SECTION - VII: GENERAL CONDITIONS OF CONTRACT (GCC) 51 SECTION - VIII: ANNEXES 79 ANNEX - I INTEGRITY AGREEMENT 80 ANNEX - II: FORMAT OF BANK GUARANTEE FORM FOR PERFORMANCE SECURITY 86 ANNEX - III: AGREEMENT FORM 89 ANNEX - IV: DETAILS OF BANK ACCOUNT 91 ANNEX-V: BANK CERTIFICATION 92 ANNEX-VI: LETTER OF ACCEPTANCE OF TENDER DOCUMENT 93 Email: ▇▇▇▇_▇▇▇▇▇@▇▇▇▇▇.▇▇.▇▇ Website: ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇ & ▇▇▇▇▇://▇▇▇▇▇▇▇▇.▇▇▇.▇▇/eprocure/app 1. Introduction Inland Waterways Authority of India (IWAI) invites online Tenders / Bids from reputed & eligible Contractors / Companies / Firms in two cover systems (Cover – I: Technical Bid and Cover – II: Financial Bid) for Term Loan Borrowing 38 2.3 Repayment “Supply of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction Crew on vessels of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations IWAI on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87outsource basis under Kochi Regional Office.
Appears in 1 contract
Sources: Tender Agreement
TABLE OF CONTENTS. I DEFINITIONS 1 1.1 Defined Accounting Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 General Terms 1 1.3 Uniform Commercial Code Terms 24 1.4 Certain Matters of Construction 24 II ADVANCES, PAYMENTS 25 2.1 Term Commitments 38 Revolving Advances 25 2.2 Procedure for Term Loan Revolving Advances Borrowing 38 26 2.3 Disbursement of Advance Proceeds 29 2.4 Intentionally Omitted 29 2.5 Maximum Advances 29 2.6 Repayment of Term Loans Advances 29 2.7 Repayment of Excess Advances 30 2.8 Statement of Account 30 2.9 Letters of Credit 30 2.10 Issuance of Letters of Credit 30 2.11 Requirements For Issuance of Letters of Credit 31 2.12 Disbursements, Reimbursement 31 2.13 Repayment of Participation Advances 32 2.14 Documentation 33 2.15 Determination to Honor Drawing Request 33 2.16 Nature of Participation and Reimbursement Obligations 33 2.17 Indemnity 35 2.18 Liability for Acts and Omissions 35 2.19 Additional Payments 36 2.20 Manner of Borrowing and Payment 36 2.21 Mandatory Payments 38 2.4 Revolving Commitments 2.22 Use of Proceeds 38 2.23 Defaulting Lender 39 2.5 Procedure for Revolving Loan Borrowing III INTEREST AND FEES 39 2.6 3.1 Interest 39 3.2 Letter of Credit Fees 40 2.7 Optional Termination or Reduction of Commitments 3.3 Closing Fee and Facility Fee 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments 3.4 Collateral Evaluation Fee and Commitment Reductions Collateral Monitoring Fee 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 3.5 Computation of Interest and Fees 46 2.14 Inability to Determine 42 3.6 Maximum Charges 42 3.7 Increased Costs 43 3.8 Basis For Determining Interest Rate Inadequate or Unfair 44 3.9 Capital Adequacy 44 3.10 Gross Up for Taxes 45 3.11 Withholding Tax Exemption 45 IV COLLATERAL: GENERAL TERMS 46 4.1 Security Interest in the Collateral 46 4.2 Perfection of Security Interest 46 4.3 Disposition of Collateral 47 2.15 Pro Rata Treatment 4.4 Preservation of Collateral 47 4.5 Ownership of Collateral 47 4.6 Defense of Agent’s and Payments Lenders’ Interests 48 2.16 Requirements 4.7 Books and Records 48 4.8 Financial Disclosure 49 4.9 Compliance with Laws 49 4.10 Inspection of Law Premises 49 4.11 Insurance 49 4.12 Failure to Pay Insurance 50 2.17 4.13 Payment of Taxes 50 4.14 Payment of Leasehold Obligations 51 2.18 Indemnity 55 2.19 Change 4.15 Receivables 51 4.16 Intentionally Omitted 53 4.17 Maintenance of Lending Office Equipment 53 4.18 Exculpation of Liability 54 4.19 Environmental Matters 54 4.20 Financing Statements 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. V REPRESENTATIONS AND WARRANTIES 72 4.1 56 5.1 Authority 56 5.2 Formation and Qualification 56 5.3 Survival of Representations and Warranties 57 5.4 Tax Returns 57 5.5 Financial Statements 57 5.6 Entity Names 58 5.7 O.S.H.A. and Environmental Compliance 58 5.8 Solvency; No Change 72 4.2 Existence; Litigation, Violation, Indebtedness or Default 58 5.9 Patents, Trademarks, Copyrights and Licenses 60 5.10 Licenses and Permits 60 5.11 Default of Indebtedness 60 5.12 No Default 60 5.13 No Burdensome Restrictions 61 5.14 No Labor Disputes 61 5.15 Margin Regulations 61 5.16 Investment Company Act 61 5.17 Disclosure 61 5.18 Delivery of Vessel Loan Documentation and Subordinated Loan Documentation 61 5.19 Swaps 61 5.20 Conflicting Agreements 62 5.21 Application of Certain Laws and Regulations 62 5.22 Business and Property of Borrowers 62 5.23 Section 20 Subsidiaries 62 5.24 Anti Terrorism Laws 62 5.25 Trading with the Enemy 63 VI AFFIRMATIVE COVENANTS 63 6.1 Payment of Fees 63 6.2 Conduct of Business and Maintenance of Existence and Assets 63 6.3 Violations 63 6.4 Government Receivables 64 6.5 Financial Covenants 64 6.6 Execution of Supplemental Instruments 64 6.7 Payment of Indebtedness 64 6.8 Standards of Financial Statements 64 VII NEGATIVE COVENANTS 64 7.1 Acquisition of Assets 65 7.2 Creation of Liens 65 7.3 Guarantees 65 7.4 Investments 65 7.5 Loans 65 7.6 Capital Expenditures 66 7.7 Dividends 66 7.8 Indebtedness 66 7.9 Nature of Business 66 7.10 Transactions with Affiliates 67 7.11 Intentionally Omitted 67 7.12 Subsidiaries 67 7.13 Fiscal Year and Accounting Changes 67 7.14 Pledge of Credit 67 7.15 Amendment of Articles of Incorporation, By-Laws or Certificate of Formation, Operating Agreement, as Applicable 67 7.16 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 ERISA 68 7.17 Intentionally Omitted 68 7.18 Anti Terrorism Laws 68 7.19 Membership/Partnership Interests 68 7.20 Trading with the Enemy Act 69 7.21 Prepayment of Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; 69 7.22 Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. Agreements 69 VIII CONDITIONS PRECEDENT 80 5.1 69 8.1 Conditions to Closing Date 80 5.2 Initial Advances 69 8.2 Conditions to Each Extension Advance 73 IX INFORMATION AS TO BORROWERS 73 9.1 Disclosure of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Material Matters 73 9.2 Schedules 73 9.3 Environmental Reports 74 9.4 Litigation 74
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Horizon Offshore Inc)
TABLE OF CONTENTS. DEFINITIONS 1 THE OFFER 2 1.1 Defined Terms 1 The Offer 2 1.2 Other Definitional Provisions 36 Section Company Actions 4 1.3 Directors 7 1.4 Top-Up Option 8 SECTION 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 MERGER TRANSACTION 10 2.1 Term Commitments 38 Merger of Purchaser into the Company 10 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section the Merger 10 2.3 Closing; Effective Time 10 2.4 Certificate of Incorporation and Bylaws; Directors and Officers 10 2.5 Conversion of Shares 11 2.6 Surrender of Certificates; Stock Transfer Books 11 2.7 Appraisal Rights 13 2.8 Further Action 13 SECTION 3. LETTERS REPRESENTATIONS AND WARRANTIES OF CREDIT 62 THE COMPANY 13 3.1 Revolving L/C Commitments 62 Due Organization; Subsidiaries Etc. 14 3.2 Certificate of Incorporation and Bylaws; Minutes 14 3.3 Capitalization, Etc. 15 3.4 SEC Filings; Financial Statements 17 3.5 Absence of Changes 19 3.6 Title to Assets 19 3.7 Real Property; Equipment 19 3.8 Intellectual Property 20 3.9 Contracts 24 3.10 Liabilities 27 3.11 Compliance with Legal Requirements 27 3.12 Regulatory Matters 28 3.13 Certain Business Practices 29 3.14 Communications 30 3.15 Tax Matters 30 3.16 Employee Matters; Benefit Plans 33 3.17 Environmental Matters 38 3.18 Insurance 39 3.19 Transactions with Affiliates 39 3.20 Legal Proceedings; Orders 40 3.21 Authority; Binding Nature of Agreement 40 3.22 Section 203 of the DGCL, Etc. Not Applicable 41 3.23 Vote Required 41 3.24 Non-Contravention; Consents 41 3.25 Rights Agreement 41 3.26 Fairness Opinion 42 3.27 Financial Advisor 42 3.28 Disclosure 42 SECTION 4. REPRESENTATIONS AND WARRANTIES 72 OF PARENT AND PURCHASER 43 4.1 No Change 72 Due Organization 43 4.2 ExistencePurchaser 43 4.3 Authority; Compliance with Law 72 4.3 PowerBinding Nature of Agreement 43 4.4 Non-Contravention; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 Consents 43 4.5 Disclosure 44 4.6 Absence of Litigation 74 4.6 No Default 74 45 4.7 Financial Statements 74 Funds 45 4.8 Indebtedness 74 4.9 Ownership of PropertyCompany Common Stock 45 SECTION 5. CERTAIN COVENANTS OF THE COMPANY 45 5.1 Access and Investigation 45 5.2 Notification of Certain Events 46 5.3 Operation of the Company’s Business 46 5.4 No Solicitation 50 5.5 Third Party Notices 52 SECTION 6. ADDITIONAL COVENANTS OF THE PARTIES 52 6.1 Stockholder Approval; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use Proxy Statement 52 6.2 Filings and Approvals 53 6.3 Stock Options/Warrants 55 6.4 Employee Benefits 57 6.5 Compensation Arrangements 58 6.6 Indemnification of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy Officers and Directors 58 6.7 Securityholder Litigation 60 6.8 Disclosure 60 6.9 Resignation of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Directors 60 6.10 Takeover Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines Advice of Business 80 4.29 Federal Taxpayer Identification Number 80 Changes 60 6.11 Section 516 Matters 61 6.12 Stock Exchange Delisting; Deregistration 61 SECTION 7. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension TO THE MERGER 61 7.1 Stockholder Approval 61 7.2 No Restraints 61 7.3 Consummation of Credit 83 Section 6Offer 61 SECTION 8. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesTERMINATION 62 8.1 Termination 62 8.2 Effect of Termination 63 8.3 Expenses; Other Information 85 6.3 Maintenance Termination Fee 64 SECTION 9. MISCELLANEOUS PROVISIONS 64 9.1 Amendment 64 9.2 Waiver 65 9.3 No Survival of ExistenceRepresentations and Warranties 65 9.4 Entire Agreement; Compliance; Contractual Obligations 87Counterparts 65
Appears in 1 contract
Sources: Merger Agreement (Amgen Inc)
TABLE OF CONTENTS. DEFINITIONS Article 1 INTERPRETATION 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section 2Meaning of "Outstanding" 9 1.3 Interpretation 10 1.4 Headings, etc. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 10 1.5 Time of Essence 10 1.6 Monetary References 10 1.7 Invalidity, etc. 10 1.8 Language 11 1.9 Successors and Assigns 11 1.10 Severability 11 1.11 Entire Agreement 11 1.12 Benefits of Indenture 11 1.13 Applicable Law and Attornment 11 1.14 Currency of Payment 11 1.15 Non-Business Days 11 1.16 Accounting Terms 12 1.17 Calculations 12 1.18 Schedules 12 Article 2 THE DEBENTURES 12 2.1 Term Commitments 38 Limit of Debentures 12 2.2 Procedure for Term Loan Borrowing 38 Terms of Debentures of any Series 12 2.3 Repayment Form of Term Loans 38 Debentures 13 2.4 Revolving Commitments 39 Form and Terms of Initial Debentures 14 2.5 Procedure for Revolving Loan Borrowing 39 Authentication and Delivery of Additional Debentures 24 2.6 Fees 40 Non-Certificated Deposit 24 2.7 Optional Termination Execution of Debenture Certificates 26 2.8 Authentication 26 2.9 Interim Debentures or Reduction Certificates 26 2.10 Mutilation, Loss, Theft or Destruction 27 2.11 Concerning Interest 27 2.12 Debentures to Rank Pari Passu 27 2.13 Payments of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations Amounts Due on Eurodollar Tranches 46 2.12 Interest Rates and Maturity 28 2.14 Payment Dates 46 2.13 Computation of Interest 28 2.15 Withholding Tax 29 2.16 Right of Rescission 29 Article 3 REGISTRATION, TRANSFER, EXCHANGE AND OWNERSHIP 29 3.1 Fully Registered Debentures 29 3.2 Transferee Entitled to Registration 30 3.3 No Notice of Trusts 30 3.4 Registers Open for Inspection 30 3.5 Exchanges of Debenture Certificates 30 3.6 Closing of Registers 31 3.7 Charges for Registration, Transfer and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Exchange 31 3.8 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use Debentures 32 Article 4 REDEMPTION AND PURCHASE OF DEBENTURES AND CERTAIN PAYMENTS ON MATURITY 32 4.1 Applicability of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy Article 32 4.2 Partial Redemption 32 4.3 Notice of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines Redemption 33 4.4 Debentures Due on Redemption Dates 33 4.5 Deposit of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions Redemption Monies or Common Shares 34 4.6 Right to Closing Date 80 5.2 Conditions Repay Principal Portion of Redemption Price in Common Shares 34 4.7 Failure to Each Extension Surrender Debentures Called for Redemption 36 4.8 Cancellation of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Debentures Redeemed 36 4.9 Purchase of Existence; Compliance; Contractual Obligations 87Debentures by the Corporation 36
Appears in 1 contract
TABLE OF CONTENTS. ARTICLE I DEFINITIONS 1 1.1 1.1. Defined Terms 1 1.2 1.2. Accounting Terms 12 1.3. Other Definitional Definition Provisions 36 Section 212 ARTICLE II PURCHASE OF BROADCASTING ASSETS, PURCHASE PRICE AND METHOD OF PAYMENT 12 2.1. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Purchase of Broadcasting Assets 12 2.2. Consideration; Allocation of Aggregate Consideration 13 2.2.1 Aggregate Consideration 13 2.2.2 Allocation of Aggregate Consideration 13 2.3. Accounts Receivable 13 2.4. Assumption of Obligations 14 2.4.1 Limitation on Assumption of Obligations 14 2.4.2 Assumed Obligations Relating to the Station 14 2.4.3 Substitution Where Not Transferable 15 2.5. Aggregate Consideration Adjustment 15 2.5.1 General Proration 15 2.5.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. 16 ARTICLE III FCC CONSENT 18 ARTICLE IV REPRESENTATIONS AND WARRANTIES 72 4.1 OF SELLERS 18 4.1. Organization and Standing 18 4.2. Authorization and Binding Obligations 19 4.3. No Change 72 4.2 ExistenceContravention; Consents 19 4.3.1 No Contravention 19 4.3.2 Consents 19 4.4. Title to Assets and Other Property Matters 20 4.4.1 Real Property 20 4.4.2 Title to Broadcasting Assets 21 4.4.3 Personal Property 21 4.5. FCC Matters; Licenses and Permits 21 4.5.2. Licenses and Permits 22 4.6. Contracts 22 4.7. Intellectual Property 24 4.8. Employee Matters 25 4.8.1 ERISA 25 4.8.2 Employment and Vacation Leave 25 4.8.3 Employees 25 4.9. Financial Statements 26 4.10. Litigation; Compliance 26 4.10.1 Litigation 26 4.10.2 Violations 27 4.11. Labor 27 4.12. Taxes 27 4.13. Environmental Matters 27 4.13.1 Environmental Laws 28 4.13.2 Environmental Permits 28 4.13.3 Environmental Claims 28 4.13.4 Releases 28 4.13.5 Real Property Conditions 28 4.13.6 Information 28 4.14. Cable Matters 28 4.15. Digital Television 29 4.16. Operations Since Balance Sheet Date 30 4.17. No Undisclosed Liabilities 31 4.18. Sufficiency of Assets 31 4.19. Transactions with Law 72 4.3 PowerAffiliates 31 4.20. Advertising 31 4.21. Solvency 32 ARTICLE V REPRESENTATIONS AND WARRANTIES OF BUYER 32 5.1. Organization and Standing 32 5.2. Authorization and Binding Obligations 32 5.3. No Contravention 32 5.4. Litigation 33 5.5. Absence of Knowledge as to Certain Facts 33 5.6. Financial Capacity 33 5.7. Sophistication; AuthorizationDue Diligence 33 5.8. Qualifications; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Consents 33 ARTICLE VI CONDUCT OF BUSINESS 34 6.1. Conduct of Business to Closing 34 6.1.1 Conduct of Business 34 6.1.2 Organization 34 6.1.3 Insurance 34 6.1.4 Transfer of Broadcasting Assets 34 6.1.5 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements34 6.1.6 Encumbrances 34 6.1.7 Litigation 35 6.1.8 Agreements 35 6.1.9 Consents, EtcApprovals, Amendments and Extensions 35 6.1.10 Licenses 35 6.1.11 Other Affirmative Obligations 35 6.1.12 Other Negative Obligations 36 6.2. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 No Shop 37 6.3. [Intentionally Omitted] 37 6.4. Access and Information 37 6.5. Preserve Accuracy of Information, EtcRepresentations and Warranties; Notification Covenant 38 6.6. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Governmental Consents 38
Appears in 1 contract
Sources: Purchase and Sale Agreement (Granite Broadcasting Corp)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2THE MERGER 2 1.1. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 The Merger 2 1.2. Effective Time 2 1.3. Effect of Benchmark Transition Event 61 the Merger 2 1.4. Merger Consideration 2 1.5. Effect of Merger on Company Securities 2 1.6. Governing Documents and Officers and Directors 3 1.7. Section 3368 Reorganization 3 1.8. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4Further Actions 3 1.9. Escrow 3 1.10 Surrender of Company Securities and Disbursement of Stockholder Merger Consideration 4 II. CLOSING 5 2.1. Closing 5 III. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 ExistenceOF THE COMPANY 5 3.1. Organization and Qualification 5 3.2. Authorization; Corporate Documentation 5 3.3. Capitalization 6 3.4. Non-Contravention 6 3.5. Indebtedness 6 3.6. Absence of Liabilities 6 3.7. Intentionally Omitted 7 3.8. Title to and Sufficiency of Assets 7 3.9. Real Property 7 3.10. Personal Property 7 3.11. Intellectual Property 7 3.12. Compliance with Law 72 4.3 PowerLaws 9 3.13. Permits 9 3.14. Litigation 9 3.15. Contracts 9 3.16. Tax Matters 10 3.17. Employees and Labor Matters 11 3.18. Benefit Plans 12 3.19. Insurance 13 3.20. Transactions with Related Persons 13 3.21. Bank Accounts 14 3.22. No Brokers 14 3.23. Full Disclosure 14 3.23. Vote Required 14 3.25. Reliance 14 IV. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND MERGER SUB 14 4.1. Organization and Qualification 15 4.2. Authorization 15 4.3. Non-Contravention 15 4.4. Capitalization 15 4.5. SEC Filings; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership 16 4.6. Compliance with Laws 16 4.7. No Brokers 16 4.8. Litigation 17 4.9. Labor Matters 17 4.10. No Other Representations and Warranties 17 4.11. Merger Sub 17 4.12. Absence of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Certain Changes 17 4.13. Title to Assets 17 4.14. Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc17 4.15. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Tax Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc18 4.16. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines 18 4.17. Full Disclosure 18 4.18. Intentionally Omitted 18 4.19. Reliance 18 VI. COVENANTS 19 5.1. Conduct of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5of the Company 19 5.2. Conduct of Business by the Purchaser 21 5.3. Further Assurances 21 5.4. Confidentiality 21 5.5. Publicity 22 5.6. Litigation Support 22 5.7. Intentionally Omitted 22 5.8. Intentionally Omitted 22 5.9. Escrow Agreement 22 5.10. Access to Information 22 5.11. Reasonable Efforts 23 5.12. Directors’ and Officers’ Indemnification 23 5.13. Notification; Updates to Company’s Disclosure Schedules 24 VII. INDEMNIFICATION 25 6.1. Survival 25 6.2. Indemnification 25 6.3. Payment from Escrow Account 26 6.4. Limitations and General Indemnification Provisions 26 6.5. Indemnification Procedures 27 6.6. Exclusive Remedy 28 VII. CLOSING CONDITIONS PRECEDENT 80 5.1 28 7.1. Conditions of Each Party’s Obligations 28 7.2. Conditions to Closing Date 80 5.2 Obligations of the Company 29 7.3. Conditions to Each Extension Obligations of Credit 83 Section 6the Purchaser 30 7.4. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 CertificatesFrustration of Conditions 31 VIII. TERMINATION AND EXPENSES 32 8.1. Termination 32 8.2. Effect of Termination 33 VIII. GENERAL PROVISIONS 33 9.1. Notices 33 9.2. Fees and Expenses 34 9.3. Severability 34 9.4. Assignment 34 9.5. No Third-Party Beneficiaries 34 9.6. Amendment; Other Information 85 6.3 Maintenance Waiver 35 9.7. Entire Agreement 35 9.8. Remedies 35 9.9. Dispute Resolution 35 9.10. Governing Law; Jurisdiction 36 9.11. Waiver of Existence; Compliance; Contractual Obligations 87Jury Trial 36 9.12. Interpretation 36 9.13. Specific Performance 37 9.14. Counterparts 37 9.15. Stockholder Representative 37 A Definitions B List of Significant Company Stockholders This AGREEMENT AND PLAN OF MERGER (this “Agreement”), is made and entered into as of October 10, 2018, by and among (i) SPHERIX INCORPORATED, a Delaware corporation (“Purchaser”), (ii) SPHERIX DELAWARE MERGER SUB INC., a Delaware corporation and a wholly-owned Subsidiary of Purchaser (“Merger Sub”), (iii) CBM BIOPHARMA, INC., a Delaware corporation (the “Company”) and (iv) S▇▇▇▇ ▇▇▇▇▇▇▇ in the capacity as the representative from and after the Effective Time (as defined below) for the stockholders of the Company as of immediately prior to the Effective Time in accordance with the terms and conditions of this Agreement (the “Stockholder Representative”).
Appears in 1 contract
Sources: Merger Agreement (Spherix Inc)
TABLE OF CONTENTS. DEFINITIONS 1 ARTICLE I SALE AND PURCHASE OF SHARES 2 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 Sale and Purchase of Company Shares 2 ARTICLE II CONSIDERATION 2 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 Transaction Consideration 2 ARTICLE III CLOSING 3 3.1 Revolving L/C Commitments 62 Section 4. Closing 3 ARTICLE IV REPRESENTATIONS AND WARRANTIES 72 OF THE COMPANY 4 4.1 No Change 72 Organization and Standing 4 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 Binding Agreement 4 4.3 Capitalization 5 4.4 No Legal Bar 73 Subsidiaries 5 4.5 Litigation 74 Governmental Approvals 5 4.6 No Default 74 Non-Contravention 6 4.7 Financial Statements 74 6 4.8 Indebtedness 74 Absence of Certain Changes 7 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement Compliance with Laws 8 4.10 Company Permits 8 4.11 Litigation 8 4.12 Material Contracts 8 4.13 Intellectual Property 74 4.11 10 4.14 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 and Returns 12 4.15 Labor Real Property 13 4.16 Personal Property 14 4.17 Title to and Sufficiency of Assets 14 4.18 Employee Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 14 4.19 Use of Proceeds 77 Benefit Plans 15 4.20 Environmental Matters 77 16 4.21 Accuracy Transactions with Related Persons 17 4.22 Insurance 18 4.23 Books and Records 18 4.24 Top Customers and Suppliers 18 4.25 Certain Business Practices 18 4.26 Compliance with Privacy Laws, Privacy Policies and Certain Contracts 19 4.27 Investment Company Act 20 4.28 Finders and Brokers 20 4.29 Independent Investigation 20 4.30 Information Supplied 20 4.31 Disclosure 20 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE SELLING SHAREHOLDERS 21 5.1 Authorization of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Agreement; Enforceability 21 5.2 Conflicts; Consents of Third Parties 21 5.3 Ownership and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines Transfer of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Company Shares 22 5.4 Litigation 22 5.5 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Advisors 22
Appears in 1 contract
TABLE OF CONTENTS.
ARTICLE I PARTIES 1
1.01 Address 1 1.02 Table of Contents 1 1.03 Parts Incorporated 5 1.04 Controlling Parts 5 1.05 Signatures 5 ARTICLE II – DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS 6 ARTICLE III – DUTIES OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure CONTRACTOR 10 3.01 Scope of Services 10 3.02 Coordinate Performance 10 3.03 Reports 10 3.04 Duty to Inspect 10 3.05 Invoicing 10 3.06 Prompt Payment of Subcontractors 10 3.07 Personnel of Contractor 11 3.08 Release 11 3.09 Indemnification 11 3.10 Indemnification Procedures 12
3.11 Defense of Claims 12 3.12 Patent, Copyright, Trademark, and Trade Secret Infringement 12 3.13 Insurance 13 3.14 Warranties 14 3.15 Information Provided by or on Behalf of City 17 3.16 Performance Audit 17 3.17 Confidentiality 18 3.18 Use of Work Products and Ownership; Works for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Hire 18 3.19 Licenses and Commitment Reductions 42 2.10 Conversion Permits 18 3.20 Compliance with Laws 19 3.21 Performance Bond 19 3.22 Environmental Laws 19 3.23 NPDES Compliance 20 3.24 Airport Security and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation Badging 22 3.25 Conflicts of Interest 22 3.26 Right to Stop Work 22 3.27 Software Security 23 3.28 PCI-DSS Compliance 23 3.29 Professional Conduct and Fees 46 2.14 Inability Appearance 23 3.30 Service Level Agreement 23 ARTICLE IV – DUTIES OF CITY 25 4.01 Fee Schedule 25 4.02 Payment Terms 25 4.03 Withholding of Payment for Deficient Work 25 4.04 Submitted False Claims, Monetary Penalties 25 4.05 Taxes 25 4.06 Method of Payment - Disputed Payments 25 4.07 Change Orders 26 4.08 Access to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements Work Sites 26 4.09 Key Control 26 4.10 Proprietary Data 27 4.11 Exercise of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS Contract Responsibilities 27 ARTICLE V – TERM AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; TERMINATION 28 5.01 Initial Term 28 5.02 Renewals 28 5.03 Termination for Convenience by City 28 5.04 Termination for Cause by City 28 5.05 Default 29 ARTICLE VI – FEDERAL CONTRACT PROVISIONS 30
6.01 General Civil Rights Provision 30 6.02 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Nondiscrimination Requirements 30 6.03 Title VI List of Pertinent Nondiscrimination Acts and Authorities 31 ARTICLE VII – MISCELLANEOUS 33 7.01 Independent Contractor 33 7.02 Force Majeure 33 7.03 Severability 33 7.04 Entire Agreement 34 7.05 Applicable Laws 34 7.06 Notices 34 7.07 Interpretation 34 7.08 Non-Waiver 34 7.09 Inspections and Audits 35 7.10 Enforcement 35 7.11 Survival 35 7.12 Publicity 35 7.13 Successors and Assigns 35 7.14 Business Structure and Assignments 35 7.15 Alternative Dispute Resolution 35 7.16 Contractor Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87City 36 EXHIBITS
A. AIRPORT RULES AND REGULATIONS B. PERFORMANCE BOND C. SERVICE LEVEL DAMAGES D. CHANGE ORDER
Appears in 1 contract
Sources: Addendum
TABLE OF CONTENTS. DEFINITIONS Section 1 1.1 Defined Terms Definitions 1 1.2 Section 2 Guarantee 5 2.1 Guarantee 5 2.2 Right of Contribution 6 2.3 No Subrogation 7 2.4 Guarantee Absolute and Unconditional 7 2.5 Waivers and Acknowledgments 9 2.6 Reinstatement 9 2.7 Payments 10 2.8 Subordination 10 Section 3 Grant of Security Interest 10 Section 4 Representations and Warranties 10 4.1 Title; No Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 Liens 10 4.2 Existence; Compliance with Law 72 Perfected First Priority Liens 10 4.3 Power; Authorization; Enforceable Obligations 73 Grantor Information 11 4.4 No Legal Bar 73 Collateral Locations 11 4.5 Litigation 74 Certain Property 11 4.6 No Default 74 Investment Property 12 4.7 Financial Statements 74 Receivables 12 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements13 4.9 Securities Accounts, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Commodities Accounts and Deposit Accounts 13 4.10 Letters of Credit 14 Section 5 Covenants 14 5.1 Delivery and Control of Instruments, Investment Property, Certificated Securities, Letter-of-Credit Rights and Chattel Paper 14 5.2 Maintenance of Perfected Security Interest; Further Documentation 15 5.3 Changes in Locations; Name; Jurisdiction of Incorporation; Etc 16 5.4 Notices 17 5.5 Investment Property 17 5.6 Receivables 18 5.7 Intellectual Property 18 5.8 Equipment 20 5.9 Commercial Tort Claims 21 Section 6 Remedial Provisions 21 6.1 Certain Matters 75 4.16 ERISA 76 4.17 Relating to Receivables 21 6.2 Communications with Obligors; Grantors Remain Liable 22 6.3 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use Property 22 6.4 Proceeds to be Turned Over To the Administrative Agent 23 6.5 Application of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy 23 6.6 Code and Other Remedies 24 6.7 Registration Rights 24 6.8 Waiver; Deficiency 25 Section 7 Administrative Agent 25 7.1 Agent's Appointment as Attorney-in-Fact, etc 26 7.2 Duty of Informationthe Administrative Agent 27 7.3 Photocopy of this Agreement 28 7.4 Authority of the Administrative Agent 28 Section 8 Miscellaneous 28 8.1 Amendments in Writing 28 8.2 Notices 28 8.3 Security Interest Absolute 28 8.4 Survival of Agreement 28 8.5 No Waiver by Course of Conduct; Cumulative Remedies 29 8.6 EXPENSES AND INDEMNIFICATION 29 8.7 Successors and Assigns 30 8.8 Set-Off 30 8.9 Counterparts 31 8.10 Severability 31 8.11 Headings 31 8.12 Governing Law 31 8.13 Submission To Jurisdiction 31 8.14 Acknowledgements 31 8.15 Additional Grantors 32 8.16 Releases 32 8.17 Reinstatement 33 8.18 WAIVER OF JURY TRIAL 33 8.19 WAIVER OF CONSEQUENTIAL DAMAGES; ETC 33 8.20 INTEGRATION 33 Schedule 1 Investment Property Schedule 2 Filings and Perfection Schedule 3 Grantor Information Schedule 4 Collateral Locations; Collateral in Possession of Lessor, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Bailee, Consignee or Warehouseman Schedule 5 Vessels, Aircraft, Vehicles and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws Other Equipment Subject to Certificate of Title Statutes Schedule 6 Intellectual Property Schedule 7 Securities Accounts, Commodity Accounts and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension Deposit Accounts Schedule 8 Commercial Tort Claims Schedule 9 Letters of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance Schedule 10 Drilling Rigs Annex I Form of Existence; Compliance; Contractual Obligations 87Joinder to Guarantee and Collateral Agreement GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 13, 2011, made by ▇▇▇▇▇▇ ENERGY RESOURCES, INC., a Tennessee corporation (the “Borrower”) and each Subsidiary of the Borrower signatory hereto (together with Borrower and any other Person that becomes a party hereto as provided herein, each, a “Grantor” and collectively, the “Grantors”), in favor of Guggenheim Corporate Funding, LLC, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Lenders.
Appears in 1 contract
Sources: Guarantee and Collateral Agreement (Miller Energy Resources, Inc.)
TABLE OF CONTENTS. DEFINITIONS ARTICLE I Definitions 1 1.1 SECTION 1.01 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term SECTION 1.02 Classification of Loans and Borrowings 21 SECTION 1.03 Terms Generally 22 SECTION 1.04 Accounting Terms; GAAP 22 SECTION 1.05 Designation of Lead Borrower as Agent for Borrower 22 ARTICLE II The Loans 23 SECTION 2.01 Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term 23 SECTION 2.02 Loans 38 2.4 Revolving Commitments 39 2.5 Procedure and Borrowings 24 SECTION 2.03 Requests for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Borrowings 24 SECTION 2.04 Increase of Commitments 25 SECTION 2.05 Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 27 SECTION 2.06 Funding of Borrowings 28 SECTION 2.07 Interest Elections 29 SECTION 2.08 Intentionally Omitted 30 SECTION 2.09 Repayment of Loans; Evidence of Debt 30 SECTION 2.10 Conversion and Continuation Options 44 Prepayment of Loans 30 SECTION 2.11 Limitations on Eurodollar Tranches 46 Fees 31 SECTION 2.12 Interest Rates and Payment Dates 46 31 SECTION 2.13 Computation Alternate Rate of Interest and Fees 46 32 SECTION 2.14 Inability to Determine Interest Rate 47 Increased Costs 33 SECTION 2.15 Break Funding Payments 34 SECTION 2.16 Taxes 34 SECTION 2.17 Payments Generally; Pro Rata Treatment and Payments 48 2.16 Requirements Treatment; Sharing of Law 50 2.17 Taxes 51 Set-offs 36 SECTION 2.18 Indemnity 55 Defaulting Lenders 37 SECTION 2.19 Change of Lending Office 56 2.20 Mitigation Obligations; Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement 39 SECTION 2.20 Extension 39 ARTICLE III Representations and Consent to Bail-In Warranties 41 SECTION 3.01 Organization; Powers 41 SECTION 3.02 Authorization; Enforceability 41 SECTION 3.03 Governmental Approvals; No Conflicts 41 SECTION 3.04 Financial Condition; No Material Adverse Change 42 SECTION 3.05 Properties 42 SECTION 3.06 Intellectual Property 43 SECTION 3.07 Litigation and Environmental Matters 44 SECTION 3.08 Compliance with Laws and Agreements 46 SECTION 3.09 Investment and Holding Company Status 46 SECTION 3.10 Taxes 46 SECTION 3.11 ERISA 46 SECTION 3.12 Disclosure 46 SECTION 3.13 Insurance 47 SECTION 3.14 Margin Regulations 47 SECTION 3.15 Subsidiaries; REIT Qualification 47 ARTICLE IV Conditions 47 SECTION 4.01 Effective Date 47 SECTION 4.02 Each Credit Event 48 ARTICLE V Affirmative Covenants 49 SECTION 5.01 Financial Statements; Ratings Change and Other Information 49 SECTION 5.02 Financial Tests 50 SECTION 5.03 Notices of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Material Events 51 SECTION 5.04 Existence; Conduct of Business 51 SECTION 5.05 Payment of Obligations 52 SECTION 5.06 Maintenance of Properties; Insurance 52 SECTION 5.07 Books and Records; Inspection Rights 54 SECTION 5.08 Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Laws 55 SECTION 5.09 Use of Proceeds 77 4.20 55 SECTION 5.10 Fiscal Year 55 SECTION 5.11 Environmental Matters 55 SECTION 5.12 Property Pool 56 SECTION 5.13 Further Assurances 57 SECTION 5.14 Parent Covenants 57 SECTION 5.15 Partial Releases 58 SECTION 5.16 OFAC 58 SECTION 5.17 Qualified ECP Party. Each Borrower and the Guarantor is a Qualified ECP Party 59 ARTICLE VI Negative Covenants 59 SECTION 6.01 Liens 59 SECTION 6.02 Fundamental Changes 59 SECTION 6.03 Investments, Loans, Advances and Acquisitions 60 SECTION 6.04 Hedging Agreements 61 SECTION 6.05 Restricted Payments 61 SECTION 6.06 Transactions with Affiliates 62 SECTION 6.07 Parent Negative Covenants 62 SECTION 6.08 Restrictive Agreements 62 SECTION 6.09 Indebtedness 62 SECTION 6.10 Management Fees 63 ARTICLE VII Events of Default 63 ARTICLE VIII The Administrative Agent 66 ARTICLE IX Miscellaneous 68 SECTION 9.01 Notices 68 SECTION 9.02 Waivers; Amendments 68 SECTION 9.03 Expenses; Indemnity; Damage Waiver 70 SECTION 9.04 Successors and Assigns 71 SECTION 9.05 Survival 74 SECTION 9.06 Counterparts; Integration; Effectiveness; Joint and Several 75 SECTION 9.07 Severability 76 SECTION 9.08 Right of Setoff 76 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process 76 SECTION 9.10 WAIVER OF JURY TRIAL 77 4.21 Accuracy SECTION 9.11 Headings 78 SECTION 9.12 Confidentiality 78 SECTION 9.13 Interest Rate Limitation 78 SECTION 9.14 USA PATRIOT Act 79 SCHEDULES: Schedule 2.0 – Commitments Schedule 3.05(e) – Earthquake or Seismic Area Schedule 3.07 – Litigation Disclosure Schedule 3.1 – Subsidiaries Schedule 5.1 – Pool Schedule IPA – Initial Pool Assets EXHIBITS: Exhibit A – Form of InformationAssignment and Acceptance Exhibit B-1 – Form of Compliance Certificate Exhibit B-2 – Form of Release Compliance Certificate Exhibit C – Form of Guaranty Exhibit D – Form of Note Exhibit E – Form of Borrowing Request/Interest Rate Election Exhibit F – Joinder Agreement Exhibit G – Form of Borrowing Base Certificate THIS CREDIT AGREEMENT (this “Agreement”) dated as of the 31st day of July, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T 2014 by and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws among each Borrower (as defined herein), the Lenders (as defined herein) and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87KeyBank as Administrative Agent (as defined herein).
Appears in 1 contract
Sources: Credit Agreement (Strategic Storage Growth Trust, Inc.)
TABLE OF CONTENTS. DEFINITIONS The Introduction 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions The Court gives directions 5 The Statement of Claim 6 The Plaintiffs seek relief 7 The Defence and Counterclaim 9 The Defendants seek relief 10 Reply to the Defence and Defence To the Counterclaim 15 The Plaintiffs identify the issues 15 The Defendants identify the issues 16 Reasonable Expectations – OA and ASA 18 The Operating Agreement 19 The Acquisition and Shareholders Agreement 23 Statutory Requirement – section 242 26 Oppression 28 Unfair Prejudice 29 Unfair Disregard 29 Allegations of Misconduct 29 Particular 10(i) 30 Related Company Transactions 31 Credit Cards 34 Related Parties 36 Section 2Office rental 37 Car rentals 37 Report of Management C&A International Transaction 39 5% Handling Fee 40 Particular 10(ii) 41 Failure to deliver a Budget 43 Related Parties 44 Performance of Operator 45 Particular 10(iii) 46 Minutes of Audit Committee 47 Management Report – 31st December, 2001 50 Particular 10(iv) 51 Particular 10(v) 53 Interbank Transfer – $600,000.00...................................................................................55 Unauthorised Withdrawal 56 Particular 10(vi) 57 Particular 10(vii) 59 Particular 10(viii) 61 Particular 10(ix) 62 Particular 10(x) 65 Particular 10(xi) 66 Particular 10(xii) 66 Particular 10(xiii) 68 Particular 10(xiv) 69 Particular 10(xv) 70 Particular 10(xvi) 72 Removing the Operator 73 Particular 10(xvii) 75 Particular 10(xviii) 75 Particular 10(xix) 75 Particular 10(xx) 78 Particular 10(xxi) 79 Particular 10(xxii) 79 Particular 10(xxiii) 85 Partiuclar 10(xxv) 87 Particualr 10(xxiv),(xxvi) (xxvii) & (xxviii) 89 The Cash call system 91 Refusal to pay cash call 94 The Operator shuts down Platform 95 Access to the Platform 97 Resignation of Operator?. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation 99 Arbitration? 100 Conflict of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements 101 The Counterclaim is analysed 105 Termination of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change the Operating Agreement 109 The Orders of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87the Court 110
Appears in 1 contract
Sources: Court Decision
TABLE OF CONTENTS. DEFINITIONS ARTICLE 1 GENERAL 1 1.1 Defined Terms The Merger 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment Merger Effective Time 2 1.3 Merger Consideration 2 1.4 Effect on Securities 2 1.5 Purchase of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments Additional Assets 2 1.6 Excluded and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Additional Liabilities 3 ARTICLE 2 REPRESENTATIONS AND WARRANTIES 72 4.1 OF SELLER 3 2.1 Organization 3 2.2 Authorization 3 2.3 No Change 72 4.2 ExistenceConflict 4 2.4 Capitalization; Compliance with Law 72 4.3 PowerNo Subsidiaries; AuthorizationArticles, Bylaws and Minutes; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Derivative Securities 5 2.5 Financial Statements 74 6 2.6 Absence of Certain Facts or Events 7 2.7 Property, Leases and Liens 8 2.8 Contracts and Commitments 9 2.9 Permits and Authorizations 10 2.10 No Violations 11 2.11 Proceedings 12 2.12 Insurance 12 2.13 Proprietary Information and Rights 12 2.14 Employee Benefits 13 2.15 Employment Laws 16 2.16 Environmental Laws 17 2.17 Taxes 18 2.18 No Unlawful Contributions 19 2.19 No Insider Transactions 19 2.20 Accounts Receivable; Vendors 19 2.21 Inventories 20 2.22 Bank Accounts 20 2.23 Warranties 20 2.24 Delivery of Documents 20 2.25 No Finders or Brokers 21 2.26 Product Warranties; Product Liability; Safety and Recalls 21 2.27 Dealer Network; Rebates and Refunds 22 2.28 Representations Complete 22 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF PURCHASER 23 3.1 Organization; Ownership 23 3.2 Authorization 23 3.3 No Conflict 23 3.4 No Finders or Brokers 24 3.5 Availability of Funds 24 ARTICLE 4 COVENANTS 24 4.1 Confidentiality 24 4.2 Fulfillment of Conditions 25 4.3 Purchaser’s Access to Records and Inspection Rights 25 4.4 Transfer of Additional Assets 25 4.5 Operation in Ordinary Course 26 4.6 Post-Closing Access 28 4.7 Delivery of Audited Financial Statements 28 4.8 No Solicitation of Other Transactions 29 4.9 Termination of Affiliate Relationships 29 4.10 Removal of Liens; Release 29 4.11 Bank Accounts 30 4.12 Indebtedness 74 4.9 Ownership of PropertySeller to Company 30 4.13 No Solicitation of Employees 30 4.14 Country Coach Leases 30 4.15 Standstill 31 4.16 Transferred Employees 31 4.17 Benefit Plans 31 4.18 Income Taxes; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company ActAllocation; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. Income Tax Returns 32 ARTICLE 5 CONDITIONS PRECEDENT 80 OF CLOSING 34 5.1 Conditions to of Obligations of Purchaser 34 5.2 Conditions of Obligations of Seller 35 ARTICLE 6 CLOSING DATE AND TERMINATION OF AGREEMENT 36 6.1 Closing Date 80 5.2 Conditions to Each Extension 36 6.2 Termination of Credit 83 Section 6Agreement 36 6.3 Effect of Termination 36 ARTICLE 7 INDEMNIFICATION 37 7.1 Indemnification by Seller 37 7.2 Indemnification by Purchaser and Merger Sub 39 7.3 Survival of Representations and Warranties; Reliance 40 7.4 No Duplication; Exclusive Remedy 40 7.5 Determination of Losses 40 ARTICLE 8 MISCELLANEOUS 40 8.1 Further Actions 40 8.2 Expenses 41 8.3 Entire Agreement 41 8.4 Descriptive Headings 41 8.5 Notices 41 8.6 Governing Law 42 8.7 Assignability 42 8.8 Waivers and Amendments 42 8.9 Third Party Rights 42 8.10 Public Announcements 42 8.11 Counterparts 43 8.12 Guaranty by ▇▇▇▇▇ 43 THIS MERGER AND ASSET PURCHASE AGREEMENT is dated as of February 16, 2007 (this “Agreement”) by and among Country Coach Holdings LLC, a Delaware limited liability company (“Purchaser”), Country Coach Merger LLC, a Delaware limited liability company (“Merger Sub”), ▇▇▇▇▇ Investment Management, LLC, a Delaware limited liability company (“▇▇▇▇▇”), on one hand, and National R.V. Holdings, Inc., a Delaware corporation (the “Seller”), and Country Coach, Inc., an Oregon corporation (“Company”), on the other. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Capitalized terms not otherwise defined in this Agreement are used as defined in Appendix A hereto.
Appears in 1 contract
Sources: Merger and Asset Purchase Agreement (National Rv Holdings Inc)
TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 6.7 Existing Plans 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 57. CONDITIONS PRECEDENT 80 5.1 Conditions TO KENNECOTT’S AND KAF’s OBLIGATIONS 7.1 Representations and Warranties 38 7.2 Execution of Agreement and Transaction Agreements 39 7.3 Amended and Restated Articles of Incorporation 39 7.4 Amended and Restated Bylaws 39 7.5 No Material Adverse Change 39 7.6 Consents, Permits, Waivers and Approvals 39 7.7 KFx Waiver 39 7.8 Pavilion Waiver 39 7.9 ▇▇▇▇ Group Contribution Acknowledgement Agreements 39 7.10 Waivers of Right of First Refusal 39 7.11 Service ▇▇▇▇ Assignments 39 7.12 Termination Agreement 40 7.13 Post-Closing Services Agreement 40 7.14 Director Resignations 40 7.15 All Proceedings to Closing Date 80 5.2 Conditions to Each Extension be Satisfactory 40 7.16 Corporate Documents 40 7.17 Election of Credit 83 Section 6Directors 41 7.18 Release of Lien 41 7.19 Compliance Certificate 41 7.20 Kennecott License Agreement 41 7.21 Delivery of Legal Opinion 41 8. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance CONDITIONS PRECEDENT TO THE OBLIGATIONS OF PEGASUS AND KFx 8.1 Representations and Warranties 41 8.2 Execution of Existence; Compliance; Contractual Obligations 87Agreement and Transaction Agreements 41 8.3 Corporate Documents 41 8.4 Election of Directors 42 8.5 Resignation of Member Representatives 42 8.6 Compliance Certificate 42 8.7 Delivery of Legal Opinion 42
Appears in 1 contract
Sources: Equity Exchange Agreement (KFX Inc)
TABLE OF CONTENTS. PAGE ARTICLE I CERTAIN DEFINITIONS 1 2 Section 1.1 Definitions 2 Section 1.2 Other Defined Terms 1 1.2 Other Definitional Provisions 36 20 ARTICLE II PURCHASE AND SALE 23 Section 2. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 Sale of Acquired Securities 23 Section 2.2 Procedure for Term Loan Borrowing 38 Closing of the Transactions Contemplated by this Agreement 23 Section 2.3 Repayment of Term Loans 38 Closing Deliveries 23 Section 2.4 Revolving Commitments 39 Purchase Price 29 Section 2.5 Procedure for Revolving Loan Borrowing 39 Withholding 33 Section 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability Payments to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. Sellers 34 ARTICLE III REPRESENTATIONS AND WARRANTIES 72 OF SELLERS 34 Section 3.1 Organization 34 Section 3.2 Authority 34 Section 3.3 Consents and Approvals; No Violations 34 Section 3.4 Litigation 35 Section 3.5 Brokers 35 Section 3.6 Acquired Securities 35 Section 3.7 Residence 35 Section 3.8 No Additional Representations or Warranties. 35 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY 36 Section 4.1 Organization and Qualification 36 Section 4.2 Capitalization 36 Section 4.3 Authority 37 Section 4.4 Records and Filings 37 Section 4.5 Financial Statements 38 Section 4.6 Accounts Receivable; Accounts Payable; Notice of Pending Transaction 39 Section 4.7 Sufficiency of Assets 39 Section 4.8 Insurance 39 Section 4.9 International Trade 40 Section 4.10 Consents and Approvals; No Change 72 4.2 Existence; Violations 40 Section 4.11 Material Contracts 41 Section 4.12 Absence of Changes 43 Section 4.13 Litigation 44 Section 4.14 Compliance with Applicable Law 72 4.3 Power44 Section 4.15 Employee Plans 44 Section 4.16 Environmental Matters 48 Section 4.17 Intellectual Property 48 Section 4.18 Labor Matters 51 Section 4.19 Tax Matters 53 Section 4.20 Real Property 57 Section 4.21 Brokers 58 Section 4.22 Material Customers and Material Vendors 58 Section 4.23 Guild Agreements 59 Section 4.24 Borrowings 59 Section 4.25 Competition Act 59 Section 4.26 Holding Company 59 Section 4.27 Related Party Transactions. 59 Section 4.28 Bankruptcy 60 Section 4.29 No Additional Representations or Warranties. 60 ARTICLE V REPRESENTATIONS AND WARRANTIES OF ZMC BLOCKER 60 Section 5.1 Organization and Qualification 60 Section 5.2 Capitalization 60 Section 5.3 Authority 61 Section 5.4 Filings 61 Section 5.5 Holding Company 62 Section 5.6 Consents and Approvals; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Violations 62 Section 5.7 Litigation 74 4.6 No Default 74 4.7 62 Section 5.8 Brokers 62 Section 5.9 Financial Statements 62 Section 5.10 Tax Matters 63 Section 5.11 Employees and Employee Plans 65 Section 5.12 No Additional Representations and Warranties 65 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF MANAGEMENT HOLDCOS 65 Section 6.1 Organization and Qualification 65 Section 6.2 Capitalization 66 Section 6.3 Authority 66 Section 6.4 Filings 67 Section 6.5 Holding Company 67 Section 6.6 Consents and Approvals; No Violations 67 Section 6.7 Litigation 68 Section 6.8 Brokers 68 Section 6.9 Financial Statements 68 Section 6.10 Tax Matters 69 Section 6.11 Employees and Employee Plans 71 Section 6.12 No Additional Representations and Warranties 71 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF BUYER 71 Section 7.1 Organization 71 Section 7.2 Authority 71 Section 7.3 Consents and Approvals; No Violations 72 Section 7.4 Financial Capacity 72 Section 7.5 Solvency 72 Section 7.6 Investment Intent 73 Section 7.7 Brokers 73 Section 7.8 Competition Act 73 Section 7.9 Canadian Status 73 Section 7.10 Investigation; No Other Representations 73 ARTICLE VIII COVENANTS 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines Section 8.1 Conduct of Business 80 4.29 Federal Taxpayer Identification Number of the Group Companies, ZMC Blocker and Management Holdcos 74 Section 8.2 Exclusivity 78 Section 8.3 Public Announcements 79 Section 8.4 Access to Information 79 Section 8.5 Documents and Information 80 Section 58.6 Notices of Certain Events 80 Section 8.7 Necessary Consents; Waivers and Notices 81 Section 8.8 Efforts to Consummate 81 Section 8.9 Heritage Opinion 82 Section 8.10 Indemnification; Directors’ and Officers’ Insurance 82 Section 8.11 Employee Benefit Matters 83 Section 8.12 Certain Tax Matters 85 Section 8.13 Mutual Release 89 Section 8.14 Sellers’ Representative 90 Section 8.15 Representations and Warranties Insurance 92 Section 8.16 Further Assurances 93 Section 8.17 Wrong Pockets 93 Section 8.18 Termination of Seller and Affiliate Arrangements 93 Section 8.19 Reserved 93 Section 8.20 Other Actions with Respect to the Indonesian Subsidiaries. 93 Section 8.21 Cash at Closing 94 Section 8.22 Management Holdco Reorganization. 94 Section 8.23 Restrictive Covenant. 94 Section 8.24 Dissolution and Liquidation Company Subsidiary. 95 Section 8.25 Management Holdco Financial Statements 95 ARTICLE IX SPECIFIED INDEMNITY MATTERS 96 Section 9.1 Non-Survival of Representations, Warranties and Covenants 96 Section 9.2 Specified Indemnity 96 Section 9.3 Indemnification Procedure 97 Section 9.4 Calculation of Indemnification Payments 100 Section 9.5 Exclusive Remedy 100 ARTICLE X CONDITIONS PRECEDENT 80 5.1 TO CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT 100 Section 10.1 Conditions to Closing Date 80 5.2 the Obligations of the Parties 100 Section 10.2 Other Conditions to Each Extension the Obligations of Credit 83 Buyer 101 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates10.3 Other Conditions to the Obligations of Sellers, Sellers’ Representative, the Company, ZMC Blocker and Management Holdcos 102 Section 10.4 Frustration of Closing Conditions 103 ARTICLE XI TERMINATION; Other Information 85 6.3 Maintenance AMENDMENT; WAIVER 103 Section 11.1 Termination 103 Section 11.2 Effect of ExistenceTermination 105 ARTICLE XII MISCELLANEOUS 105 Section 12.1 Amendment 105 Section 12.2 Extension; ComplianceWaiver 105 Section 12.3 Entire Agreement; Contractual Obligations 87Assignment 106 Section 12.4 Notices 106 Section 12.5 Governing Law 108 Section 12.6 Fees and Expenses; Transfer Taxes 108 Section 12.7 Construction; Interpretation 108 Section 12.8 Exhibits and Schedules 109 Section 12.9 Parties in Interest 109 Section 12.10 Severability 109 Section 12.11 Counterparts 109 Section 12.12 No Recourse 110 Section 12.13 Waiver of Jury Trial 110 Section 12.14 Jurisdiction and Venue 111 Section 12.15 Specific Performance 111 Section 12.16 Waiver of Conflicts 112 Section 12.17 Time of Essence 113 Section 12.18 Termination of Existing Shareholders Agreement and Side Letters 113
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TABLE OF CONTENTS. DEFINITIONS 1 1.1 Defined Terms 1 1.2 Other Definitional Provisions 36 Section PRINCIPAL PROVISIONS 3 1. INTRODUCTORY STIPULATION 3 2. AMOUNT AIM AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section BACKGROUND 3 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section ORGANIZATION 3 4. REPRESENTATIONS AND WARRANTIES 72 4.1 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section OBLIGATIONS OF THE SUPPLIER 4 5. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section OBLIGATIONS OF TELE2 5 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87PERMITS 5 7. TRAINING 6 8. DOCUMENTS 6 9. AVAILABILITY 6 10. CHANGE IN SERVICE AND PRODUCT 6 11. SECURITY 6 12. CUSTOMER SERVICE AND SUPPORT 7 13. REMUNERATION 7 14. PAYMENT 7 15. INVOICING 7 16. OWNERSHIP RIGHTS AND OTHER RIGHTS 7 17. MARKETING 8 18. INFRINGEMENT 8 19. CUSTOMER INFORMATION 8 20. SERVICE PROVISION REGULATIONS 9 21. AMENDMENTS AND SUPPLEMENTATIONS 9 22. CONTRACTUAL PERIOD 9 23. LIMITATION OF LIABILITY 9 24. CONFIDENTIALITY AND THE OBLIGATION TO OBSERVE SECRECY 9 25. TRANSFER OF THE CONTRACT 10 26. FORCE MAJEURE 10 27. OBLIGATION TO ISSUE NOTIFICATION 10 28. MESSAGES 10 29. REMOVAL OF SERVICE 10 30. PREMATURE EXPIRY 10 31. APPLICABLE LAW 11 32. DISPUTES 11 33. INVALIDITY OF OTHER AGREEMENTS SIGNED BETWEEN THE PARTIES 11 APPENDIX 1. FUNCTIONALITY AND TECHNOLOGY 13 APPENDIX 2. ACCESS AND PRICES 16 APPENDIX 3. PRODUCT SPECIFICATION 18 APPENDIX 4. CUSTOMER SERVICE AND SUPPORT 21 APPENDIX 5. RULES OF SUBSCRIBED SERVICES PROVIDED TO THE CLIENTS OF TELE2 23 APPENDIX 6. WHOLESALE SMS MESSAGES 34 ANNEX NO. 7 RULES FOR USE IN THE SERVICE PROVIDER’S OPERATION OF ELECTRONIC SYSTEMS INTENDED FOR COLLECTION OF PAYMENTS FROM USERS 36 APPENDIX 8. CONTACTS 39
Appears in 1 contract
Sources: Collaboration Contract
TABLE OF CONTENTS. DEFINITIONS Article 1 1.1 Defined Terms Definitions 1 1.2 Other Definitional Provisions 36 Section 2Article 2 The Transaction 1 2.1 Purchase and Purchase Price 1 2.2 Payment of Estimated Purchase Price 2 2.3 Company Assets 2 2.4. AMOUNT AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term Loan Borrowing 38 2.3 Repayment of Term Loans 38 2.4 Revolving Commitments 39 Distributable and Excluded Assets 3 2.5 Procedure for Revolving Loan Borrowing 39 Liabilities 4 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 Interest Rates Closing Date Working Capital and Payment Dates 46 2.13 Computation of Interest Final Purchase Price 5 Article 3 Closing 7 3.1 Closing 7 3.2 Closing Events 8 Article 4 Representations and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment Warranties by Sellers 10 4.1 Ownership and Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement Authorization 10 4.2 Organization and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section 3. LETTERS OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4. REPRESENTATIONS AND WARRANTIES 72 4.1 Capital Stock 11 4.3 No Change 72 4.2 Existence; Compliance with Law 72 4.3 Power; Authorization; Enforceable Obligations 73 Violation 11 4.4 No Legal Bar 73 Consent Required 12 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 12 4.6 Books and Records 12 4.7 Title to Assets 12 4.8 Indebtedness 74 Equipment and Vehicles 13 4.9 Ownership of Property; Liens 74 i Sunshine (Northeast) – Credit Agreement Inventory and Accounts Receivable 13 4.10 Real Property 13 4.11 Contracts 14 4.12 Customers 16 4.13 Permits 16 4.14 Intellectual Property 74 4.11 17 4.15 Undisclosed Liabilities 17 4.16 Taxes 74 4.12 Permits 75 4.13 Agreements, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 17 4.17 Investment Company Act; Other Regulations 76 No Material Adverse Change 18 4.18 Capitalization; Subsidiaries 77 Employee Benefits 18 4.19 Use Insurance 18 4.20 Compliance 19 4.21 Legal Proceedings 19 4.22 Absence of Proceeds 77 4.20 Certain Events 19 4.23 Environmental Matters 77 4.21 Accuracy 20 4.24 Employees 21 4.25 Labor Relations 22 4.26 Certain Payments 22 4.27 Related Parties 22 4.28 Broker’s Fee 23 4.29 Warranties 23 4.30 Product Liability 23 4.31 Bank Accounts 23 4.32 Investment in Fenix Shares 23 4.33 Delivery of Information, Etc. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 24 Article 5 Representations and Warranties of Buyer 24 5.1 Organization 24 5.2 Authorization and Enforceability 24 5.3 No Violation 24 5.4 No Consent Required Insurance 79 4.26 Regulation T and Regulation U 80 4.27 AML Laws; Anti25 5.5 Buyer SEC Reports 25 5.6 Broker’s Fee 25 Article 6 Pre-Corruption Laws and Sanctions 80 4.28 Lines Closing Events 25 6.1 General Cooperation 25 6.2 Conduct of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5. CONDITIONS PRECEDENT 80 5.1 Conditions 25 6.3 Access to Closing Date 80 5.2 Conditions Information 26 6.4 Notice of Developments 26 6.5 Supplements to Each Extension of Credit 83 Section 6. AFFIRMATIVE COVENANTS 84 6.1 Financial Statements 84 6.2 Certificates; Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Schedules 27 6.6 Exclusivity 27 6.7 Filings by Sellers 27
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TABLE OF CONTENTS. DEFINITIONS AND CONSTRUCTION 1 1.1 Defined 1.1. Definitions 1 1.2. Accounting Terms 1 1.2 Other Definitional Provisions 36 Section 2. AMOUNT LOAN AND TERMS OF LOAN COMMITMENTS 38 2.1 Term Commitments 38 2.2 Procedure for Term PAYMENT 1 2.1. Loan Borrowing 38 2.3 1 2.2. Repayment of Term Loans 38 2.4 Revolving Commitments 39 2.5 Procedure for Revolving Loan Borrowing 39 2.6 Fees 40 2.7 Optional Termination or Reduction of Commitments 41 2.8 Optional 1 2.3. Prepayments 41 2.9 Mandatory Prepayments and Commitment Reductions 42 2.10 Conversion and Continuation Options 44 2.11 Limitations on Eurodollar Tranches 46 2.12 2 2.4. Interest Rates and Payment Dates 46 2.13 Computation of Interest and Fees 46 2.14 Inability to Determine Interest Rate 47 2.15 Pro Rata Treatment and 3 2.5. Lender Expenses 3 2.6. Payments 48 2.16 Requirements of Law 50 2.17 Taxes 51 2.18 Indemnity 55 2.19 Change of Lending Office 56 2.20 Replacement of Lenders 56 2.21 Defaulting Lenders 57 2.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 60 2.23 Effect of Benchmark Transition Event 61 Section Generally 3 3. LETTERS CONDITIONS TO LOAN 3 3.1. Receipt of Loan Documents 3 3.2. Further Conditions 4 4. CREATION OF CREDIT 62 3.1 Revolving L/C Commitments 62 Section 4SECURITY INTEREST AND GUARANTEES 4 4.1. Grant of Security Interest 4 4.2. Pledge of Collateral 5 4.3. Perfection of Security Interest 5 4.4. Subordination Agreement 6 4.5. Guaranties and Subsidiary Pledges 6 4.6. Deposit Account Control Agreement 7 5. REPRESENTATIONS AND WARRANTIES 72 4.1 7 5.1. Due Organization and Qualification 7 5.2. Due Authorization; No Conflict 7 5.3. Collateral 7 5.4. Intellectual Property Collateral 8 5.5. Name; Location of Chief Executive Office 8 5.6. Litigation 8 5.7. No Material Adverse Change 72 4.2 Existence; in Financial Statements 8 5.8. Solvency, Payment of Debts 8 5.9. Compliance with Law 72 4.3 PowerLaws and Regulations 9 5.10. Subsidiaries; Authorization; Enforceable Obligations 73 4.4 No Legal Bar 73 4.5 Litigation 74 4.6 No Default 74 4.7 Financial Statements 74 4.8 Indebtedness 74 4.9 Ownership of Equity Interests 9 5.11. Government Consents 9 5.12. Inbound Licenses 9 5.13. Shares 9 5.14. Full Disclosure 10 5.15. ERISA Compliance 10 5.16. Intellectual Property; Liens 74 i Sunshine (Northeast) – Credit Agreement 4.10 Intellectual Property 74 4.11 Taxes 74 4.12 Permits 75 4.13 AgreementsLicenses, Etc. 75 4.14 Federal Reserve Regulations 75 4.15 Labor Matters 75 4.16 ERISA 76 4.17 Investment Company Act; Other Regulations 76 4.18 Capitalization; Subsidiaries 77 4.19 Use of Proceeds 77 4.20 Environmental Matters 77 4.21 Accuracy of Information, Etc10 5.17. 78 4.22 Security Documents 79 4.23 Solvency 79 4.24 Senior Indebtedness 79 4.25 Required Insurance 79 4.26 Regulation T Trust and Regulation U 80 4.27 AML Laws; Anti-Corruption Laws and Sanctions 80 4.28 Lines of Business 80 4.29 Federal Taxpayer Identification Number 80 Section 5Deposit Accounts 11 5.18. CONDITIONS PRECEDENT 80 5.1 Conditions to Closing Date 80 5.2 Conditions to Each Extension of Credit 83 Section Real Property 11 5.19. Offices 11 6. AFFIRMATIVE COVENANTS 84 6.1 11 6.1. Good Standing and Government Compliance 11 6.2. Financial Statements 84 6.2 CertificatesStatements, Reports, Certificates 11 6.3. Inventory and Equipment; Returns 13 6.4. Taxes 13 6.5. Insurance 13 6.6. Financial Covenants 14 6.7. Registration of Intellectual Property Rights 18 6.8. Consent of Inbound Licensors 19 6.9. Capital, Licensing and Compliance Requirements; Financial Covenants 19 6.10. Further Assurances 19 7. NEGATIVE COVENANTS 20 7.1. Dispositions 20 7.2. Change in Name, Location, Executive Office, or Executive Management; Change in Business; Change in Fiscal Year; Change in Control 20 7.3. Mergers or Acquisitions 20 7.4. Indebtedness 20 7.5. Encumbrances 20 7.6. Distributions 20 7.7. Investments 21 7.8. Transactions with Affiliates 21 7.9. Subordinated Debt 21 7.10. Inventory and Equipment 21 7.11. No Investment Company; Margin Regulation 21 7.12. Insurance Subsidiary Capital Withdrawals 21 7.13. Canadian Subsidiaries 22 7.14. NPIC of Arizona 22 8. EVENTS OF DEFAULT 22 8.1. Payment Default 22 8.2. Covenant Default 22 8.3. Senior Default Debt 22 8.4. Material Adverse Change 22 8.5. Attachment 23 8.6. Insolvency 23 8.7. Other Information 85 6.3 Maintenance of Existence; Compliance; Contractual Obligations 87Agreements 23 8.8. Judgments 23 8.9. Misrepresentations 23 8.10. Guaranty 23
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Sources: Credit Agreement (Trupanion Inc.)