Conditions of Closing and Borrowing. 67 Section 5.1 Conditions to Closing and Initial Extensions of Credit ........................... 67 Section 5.2 Conditions to All Extensions of Credit .................................................... 71 ARTICLE VI
Conditions of Closing and Borrowing. 19 SECTION 4.1 Conditions to Closing and Initial Revolving Credit Loan 19 SECTION 4.2 Conditions to All Revolving Credit Loans 22 ARTICLE V. REPRESENTATIONS AND WARRANTIES OF THE BORROWER 22 SECTION 5.1 Organization; Power; Qualification 22 SECTION 5.2 Ownership 22 SECTION 5.3 Authorization Enforceability 23 SECTION 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. 23 SECTION 5.5 Compliance with Law; Governmental Approvals 23 SECTION 5.6 Tax Returns and Payments 24 SECTION 5.7 Intellectual Property Matters 24 SECTION 5.8 Environmental Matters 24 SECTION 5.9 Employee Benefit Matters 25 SECTION 5.10 Margin Stock 26 SECTION 5.11 Government Regulation 26 SECTION 5.12 Material Contracts 26 SECTION 5.13 Employee Relations 26 SECTION 5.14 Burdensome Provisions 26 SECTION 5.15 Financial Statements 27 SECTION 5.16 No Material Adverse Change 27 SECTION 5.17 Solvency 27 SECTION 5.18 Titles to Properties 27 SECTION 5.19 Insurance 27 SECTION 5.20 Liens 27 SECTION 5.21 Indebtedness and Guaranty Obligations 27 SECTION 5.22 Litigation 27 SECTION 5.23 Absence of Defaults 28 SECTION 5.24 OFAC 28 SECTION 5.25 Investment Bankers’ and Similar Fees 28 SECTION 5.26 Disclosure 28 SECTION 5.27 Regulatory Issues 28 ARTICLE VI. FINANCIAL INFORMATION AND NOTICES 28 SECTION 6.1 Financial Statements 28 SECTION 6.2 Officer’s Compliance Certificate 29 SECTION 6.3 Regulatory Reports 29 SECTION 6.4 Other Reports 30 SECTION 6.5 Notice of Litigation and Other Matters 30 ARTICLE VII. AFFIRMATIVE COVENANTS 31 SECTION 7.1 Preservation of Corporate Existence and Related Matters 31 SECTION 7.2 Maintenance of Property and Licenses 32 SECTION 7.3 Insurance 32 SECTION 7.4 Accounting Methods and Financial Records 32 SECTION 7.5 Payment of Taxes and Other Obligations 32 SECTION 7.6 Compliance With Laws and Approvals 32 SECTION 7.7 Environmental Laws 32 SECTION 7.8 Compliance with ERISA 33 SECTION 7.9 Compliance with Agreements 33 SECTION 7.10 Visits and Inspections; Lender Meetings 33 SECTION 7.11 Lender Meetings 33 SECTION 7.12 Further Assurances 33 ARTICLE VIII. FINANCIAL COVENANTS 34 SECTION 8.1 Well Capitalized 34 SECTION 8.2 Minimum Return on Assets 34 SECTION 8.3 Loan Loss Reserve to Non 34 SECTION 8.4 Non-Performing Assets 34 ARTICLE IX. NEGATIVE COVENANTS 34 SECTION 9.1 Limitations on Indebtedness 34 SECTION 9.2 Limitations on Liens 35 SECTION 9.3 Limitations on Fundamental Changes 36 SECTION 9.4 Limitations on Restricted Payments 36 SECTION 9.5 Transactions with Affili...
Conditions of Closing and Borrowing. SECTION 6.1 SECTION 6.2 Conditions to Closing and Initial Extensions of Credit. Conditions to All Extensions of Credit.
Conditions of Closing and Borrowing. Section 5.1 Conditions to Closing 69 Section 5.2 Conditions to All Extensions of Credit 72 Section 5.3 Initial Extension of Credit to Each New Foreign Subsidiary Borrower 73 ARTICLE VI
Conditions of Closing and Borrowing. Section 5.1
Conditions of Closing and Borrowing. SECTION 4.1 Conditions to Closing and Initial Extensions of Credit ARTICLE V
Conditions of Closing and Borrowing. Section 6.1 Conditions to Closing and Initial Extensions of Credit66 66 Section 6.2 Conditions to All Extensions of Credit70 70 -ii- TABLE OF CONTENTS (continued) Page
Conditions of Closing and Borrowing. 5962 SECTION 5.1 Conditions to Closing and Initial Extensions of Credit 5962 SECTION 5.2 Conditions to All Extensions of Credit 6265 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 6366 SECTION 6.1 Organization; Power; Qualification 6366 SECTION 6.2 Ownership 6366 SECTION 6.3 Authorization; Enforceability 6366 SECTION 6.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 6366 SECTION 6.5 Compliance with Law; Governmental Approvals 6467 SECTION 6.6 Tax Returns and Payments 6467 SECTION 6.7 Intellectual Property Matters 6467 SECTION 6.8 Environmental Matters 6568 SECTION 6.9 Employee Benefit Matters 6669 SECTION 6.10 Margin Stock 6770 ii 103755581_3 119311063_5 TABLE OF CONTENTS (continued) Page SECTION 6.11 Government Regulation 6770 SECTION 6.12 Material Contracts 6770 SECTION 6.13 Employee Relations 6770 SECTION 6.14 Financial Statements 6770 SECTION 6.15 No Material Adverse Change 6871 SECTION 6.16 Solvency 6871 SECTION 6.17 Title to Properties 6871 SECTION 6.18 Litigation 6871 SECTION 6.19 Anti-Corruption Laws and Sanctions 6871 SECTION 6.20 Absence of Defaults 6871 SECTION 6.21 Disclosure 6871 ARTICLE VII AFFIRMATIVE COVENANTS 6972 SECTION 7.1 Financial Statements and Budgets 6972 SECTION 7.2 Certificates; Other Reports 7073 SECTION 7.3 Notice of Other Matters 7174 SECTION 7.4 Preservation of Corporate Existence and Related Matters 7275 SECTION 7.5 Maintenance of Property and Licenses 7275 SECTION 7.6 Insurance 7275 SECTION 7.7 Accounting Methods and Financial Records 7375 SECTION 7.8 Payment of Taxes 7376 SECTION 7.9 Compliance with Laws and Approvals 7376 SECTION 7.10 Environmental Laws 7376 SECTION 7.11 Compliance with ERISA 7376 SECTION 7.12 Compliance with Material Contracts 7476 SECTION 7.13 Visits and Inspections 7477 SECTION 7.14 Additional Subsidiaries 7477 SECTION 7.15 Use of Proceeds 7578 SECTION 7.16 Further Assurances 7678 SECTION 7.17 Anti-Corruption Laws and Sanctions76; Beneficial Ownership Regulation; Anti-Money Laund ARTICLE VIII NEGATIVE COVENANTS 7679 SECTION 8.1 Indebtedness 7679 SECTION 8.2 Liens 7881 iii 103755581_3 119311063_5
Conditions of Closing and Borrowing. 57 SECTION 6.1 Conditions to Closing and Initial Extensions of Credit 57 SECTION 6.2 Conditions to All Extensions of Credit 61 Article VII. REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 61 SECTION 7.1 Organization; Power; Qualification 61 SECTION 7.2 Ownership 62 SECTION 7.3 Authorization Enforceability 62 SECTION 7.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc. 62
Conditions of Closing and Borrowing. 63 Section 6.1 Conditions to Closing and Initial Extensions of Credit. 63 Section 6.2 Conditions to All Extensions of Credit. 67 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 67 Section 7.1 Organization; Powers. 67 Section 7.2 Authorization; Enforceability. 68 Section 7.3 Governmental Approvals; No Conflicts. 68 Section 7.4 Financial Condition; No Material Adverse Change. 68 Section 7.5 Properties. 69 Section 7.6 Litigation and Environmental Matters. 70 Section 7.7 Compliance with Laws and Agreements. 70 Section 7.8 Investment Company Status. 70 Section 7.9 Taxes. 71 Section 7.10 ERISA. 71 Section 7.11 Disclosure. 71 Section 7.12 Licenses, etc. 71 Section 7.13 Labor Matters. 71 Section 7.14 Use of Proceeds; Margin Regulations. 71 Section 7.15 Subsidiaries. 72 Section 7.16 Security Interests. 72 Section 7.17 Insurance. 72 Section 7.18 Solvency. 72 Section 7.19 OFAC. 72 Section 7.20 Intellectual Property; Licenses, etc. 72 ARTICLE VIII AFFIRMATIVE COVENANTS 73 Section 8.1 Financial Statements; Ratings Change and Other Information. 73 Section 8.2 Notices of Material Events. 75 Section 8.3 Existence; Conduct of Business. 76 Section 8.4 Payment of Obligations. 76 Section 8.5 Maintenance of Properties. 76 Section 8.6 Books and Records; Inspection Rights. 77 Section 8.7 Compliance with Laws. 77 Section 8.8 Use of Proceeds and Letters of Credit. 77 Section 8.9 Insurance. 77 Section 8.10 Information Regarding Collateral. 77 Section 8.11 Additional Subsidiaries. 78 Section 8.12 Compliance with Contractual Obligations. 78 Section 8.13 Further Assurances. 78 Section 8.14 Casualty and Condemnation. 79 Section 8.15 End of Fiscal Years; Fiscal Quarters. 79 ARTICLE IX NEGATIVE COVENANTS 79 Section 9.1 Indebtedness. 79 Section 9.2 Liens. 81 Section 9.3 Fundamental Changes and Asset Sales. 82 Section 9.4 Investments, Loans, Advances, Guarantees and Acquisitions. 83 Section 9.5 Hedge Agreements. 84 Section 9.6 Restricted Payments. 84 Section 9.7 Transactions with Affiliates. 85 Section 9.8 Restrictive Agreements. 85 Section 9.9 Sale and Leaseback Transactions. 86 Section 9.10 Amendment of Material Documents. 86 Section 9.11 Minimum Consolidated Fixed Charge Coverage Ratio. 86 Section 9.12 Consolidated Total Leverage Ratio. 86 Section 9.13 Certain Calculations. 86 Section 9.14 Disposal of Subsidiary Stock. 87 ARTICLE X DEFAULT AND REMEDIES 87 Section 10.1 Events of Default. 87 Section 10.2 Rights and Remedies Cumulative; Non-Waiver; etc. 90 Section 10.3 Cre...
