Common use of AFFIRMATIVE AND NEGATIVE COVENANTS Clause in Contracts

AFFIRMATIVE AND NEGATIVE COVENANTS. SECTION 5.1. Information................................................. 62 SECTION 5.2. Payment of Obligations...................................... 67 SECTION 5.3. Maintenance of Property; Insurance.......................... 67 SECTION 5.4. Conduct of Business......................................... 67 SECTION 5.5. Compliance with Laws........................................ 68 SECTION 5.6. Inspection of Property, Books and Records................... 68 SECTION 5.7. Existence................................................... 68 SECTION 5.8. Financial Covenants......................................... 68 SECTION 5.9. Restriction on Fundamental Changes; Operation and Control... 70 SECTION 5.10. Changes in Business......................................... 71 SECTION 5.11. Affiliate Transactions...................................... 71 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 SECTION 5.13. Margin Stock................................................ 72 SECTION 5.14. Use of Proceeds............................................. 72 SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Liens; Release of Liens..................................... 73 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTS

AFFIRMATIVE AND NEGATIVE COVENANTS. 53 SECTION 5.1. Information................................................. 62 ............................... 53 SECTION 5.2. Payment of Obligations...................................... 67 .................... 57 SECTION 5.3. Maintenance of Property; Insurance.......................... 67 ........ 57 SECTION 5.4. Conduct of Business......................................... 67 ....................... 58 SECTION 5.5. Compliance with Laws........................................ 68 ...................... 58 SECTION 5.6. Inspection of Property, Books and Records................... 68 . 58 SECTION 5.7. Existence................................................... 68 ................................. 58 SECTION 5.8. Financial Covenants......................................... 68 ....................... 58 SECTION 5.9. Restriction on Fundamental Changes; Operation and Control... 70 SECTION 5.10. Changes in Business......................................... 71 ..................... 61 SECTION 5.11. Affiliate Transactions...................................... 71 .................... 62 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 ............... 62 SECTION 5.13. Margin Stock................................................ 72 .............................. 62 SECTION 5.14. Use of Proceeds............................................. 72 ........................... 62 SECTION 5.15. Interest Rate Protection.................................... 72 .................. 63 SECTION 5.16. 5.16 Liens; Release of Liens..................................... 73 ................... 63 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 ................................ 64 SECTION 5.18. Development Activities...................................... 74 .................... 64 SECTION 5.19. REIT Status................................................. 74 ............................... 64 ARTICLE VI DEFAULTSVI

AFFIRMATIVE AND NEGATIVE COVENANTS. SECTION 5.1. Information................................................. 62 SECTION 5.2. Payment ...............................................................84 Section 9.1 Taxes and Other Obligations................................................................84 Section 9.2 Existence and Good Standing................................................................84 Section 9.3 Compliance with Law and Agreements; Maintenance of Obligations...................................... 67 SECTION 5.3. Licenses................................84 Section 9.4 Maintenance of Property; ....................................................................85 Section 9.5 Insurance.......................... 67 SECTION 5.4. Conduct of Business......................................... 67 SECTION 5.5. ..................................................................................85 Section 9.6 Condemnation...............................................................................86 Section 9.7 Environmental Laws.........................................................................86 Section 9.8 Compliance with Laws........................................ 68 SECTION 5.6. Inspection ERISA......................................................................87 Section 9.9 Mergers, Consolidations, Sales, Acquisitions...............................................87 Section 9.10 Distributions; Capital Change; Restricted Investments; Loans...............................88 Section 9.11 Transactions Affecting Collateral or Obligations...........................................88 Section 9.12 Guaranties.................................................................................88 Section 9.13 Debt.......................................................................................88 Section 9.14 Prepayment of Property, Books Debt.........................................................................88 Section 9.15 Transactions with Affiliates...............................................................88 Section 9.16 Investment Banking and Records................... 68 SECTION 5.7. Existence................................................... 68 SECTION 5.8. Financial Covenants......................................... 68 SECTION 5.9. Restriction on Fundamental Changes; Operation Finder's Fees.......................................................88 Section 9.17 Business Conducted.........................................................................88 Section 9.18 Liens......................................................................................89 Section 9.19 Sale and Control... 70 SECTION 5.10. Changes in Business......................................... 71 SECTION 5.11. Affiliate Leaseback Transactions...................................... 71 SECTION 5.12. ............................................................89 Section 9.20 New Subsidiaries...........................................................................89 Section 9.21 Fiscal Year; Fiscal Quarter................................. 72 SECTION 5.13. Margin Stock................................................ 72 SECTION 5.14. ................................................................................89 Section 9.22 Capital Expenditures.......................................................................89 Section 9.23 Operating Lease Obligations................................................................89 Section 9.24 Fixed Charge Coverage Ratio................................................................90 Section 9.25 Minimum Average Availability...............................................................90 Section 9.26 Use of Proceeds............................................. 72 ............................................................................90 Section 9.27 Further Assurances.........................................................................90 Section 9.28 Bank and Documentation Agent as Depository.................................................91 Section 9.29 THIS SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Liens; Release of Liens..................................... 73 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTSIS RESERVED...................................................................91 Section 9.30

AFFIRMATIVE AND NEGATIVE COVENANTS. 48 SECTION 5.1. Financial Information................................................. 62 .............................................48 SECTION 5.2. Other Information.................................................50 SECTION 5.3. Payment of Obligations...................................... 67 ............................................52 SECTION 5.35.4. Maintenance of Property; Insurance.......................... 67 ; Leases........................52 SECTION 5.45.5. Conduct of Business......................................... 67 Business and Maintenance of Existence..................52 SECTION 5.55.6. Compliance with Laws........................................ 68 ..............................................53 SECTION 5.65.7. Inspection of Property, Books and Records................... 68 SECTION 5.7. Existence................................................... 68 .........................53 SECTION 5.8. Existence.........................................................53 SECTION 5.9. Financial Covenants......................................... 68 ...............................................54 SECTION 5.95.10. Restriction on Fundamental Changes; Operation and Control... 70 ...............................54 SECTION 5.105.11. Changes in Business......................................... 71 SECTION 5.11. Affiliate Transactions...................................... 71 ..............................................55 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 Margin Stock.....................................................56 SECTION 5.13. Margin Stock................................................ 72 Hedging Requirements.............................................56 SECTION 5.14. Use of Proceeds............................................. 72 General Partner Status...........................................56 SECTION 5.15. Interest Rate Protection.................................... 72 Environmental Matters............................................57 SECTION 5.16. Liens; Release of Liens..................................... 73 Cooperation......................................................58 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTSDistributions....................................................58

AFFIRMATIVE AND NEGATIVE COVENANTS. SECTION 69 Section 5.1. Information................................................. 62 SECTION ............................ 69 Section 5.2. Payment of Obligations...................................... 67 SECTION ................. 73 Section 5.3. Maintenance of Property; Insurance.......................... 67 SECTION ..... 73 Section 5.4. Conduct of Business......................................... 67 SECTION .................... 74 Section 5.5. Compliance with Laws........................................ 68 SECTION ................... 74 Section 5.6. Inspection of Property, Books and Records................... 68 SECTION ............................... 74 Section 5.7. Existence................................................... 68 SECTION .............................. 74 Section 5.8. Financial Covenants......................................... 68 SECTION .................... 75 Section 5.9. Restriction on Fundamental Changes; Operation and Control... 70 SECTION ................. 76 Section 5.10. Changes in Business......................................... 71 SECTION .................... 77 Section 5.11. Affiliate Transactions...................................... 71 SECTION Sale of Unencumbered Asset Pool Properties............................ 77 Section 5.12. Fiscal Year; Fiscal Quarter................................. 72 SECTION ............ 77 Section 5.13. Margin Stock................................................ 72 SECTION ........................... 78 Section 5.14. Use of Proceeds............................................. 72 SECTION Development Activities................. 78 Section 5.15. Interest Rate Protection.................................... 72 SECTION ............... 78 Section 5.16. Liens; Release of Liens..................................... 73 SECTION Joint Ventures......................... 78 Section 5.17. Sale Investments in Unimproved Real Property.............................. 79 Section 5.18. Use of Proceeds........................ 79 Section 5.19. Borrower Status........................ 79 Section 5.20. Restriction on Material Lease Modifications......................... 79 Section 5.21. Certain Requirements for the Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTSPool............... 79

AFFIRMATIVE AND NEGATIVE COVENANTS. SECTION 5.1. Information................................................. 62 .....................................64 SECTION 5.2. Payment of Obligations...................................... 67 ..........................68 SECTION 5.3. Maintenance of Property; Insurance.......................... 67 ..............69 SECTION 5.4. Conduct of Business......................................... 67 .............................69 SECTION 5.5. Compliance with Laws........................................ 68 ............................69 SECTION 5.6. Inspection of Property, Books and Records................... 68 ................................69 SECTION 5.7. Existence................................................... 68 .......................................70 SECTION 5.8. Financial Covenants......................................... 68 .............................70 SECTION 5.9. Restriction on Fundamental Changes; Operation and Control... 70 ..................72 SECTION 5.10. Changes in Business......................................... 71 .............................73 SECTION 5.11. Affiliate Transactions...................................... 71 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 .....................73 SECTION 5.12. Margin Stock....................................73 SECTION 5.13. Margin Stock................................................ 72 Sale of Borrowing Base Properties...............73 SECTION 5.14. Use of Proceeds............................................. 72 SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Liens; Release of Liens..................................... .........................73 SECTION 5.15. Use of Proceeds.................................74 SECTION 5.16. Development Activities..........................74 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 Restrictions on Recourse Debt...................75 SECTION 5.18. Development Activities...................................... 74 Xxxx'x Status...................................75 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTSCertain Requirements for the Borrowing Base Properties.........75 SECTION 5.20. Hedging Requirements............................75 SECTION 5.21. Transfer of Real Property Assets................76 SECTION 5.22. CarrAmerica Realty GP Holdings, Inc.............76

AFFIRMATIVE AND NEGATIVE COVENANTS. SECTION 5.1. Information................................................. 62 SECTION 5.2. Payment 37 Section 7.1 Taxes and Other Obligations........................................................... 37 Section 7.2 Legal Existence and Good Standing..................................................... 37 Section 7.3 Compliance with Law and Agreements; Maintenance of Obligations...................................... 67 SECTION 5.3. Licenses........................... 38 Section 7.4 Maintenance of Property; Insurance.......................... 67 SECTION 5.4. Conduct of Business......................................... 67 SECTION 5.5. Compliance with Laws........................................ 68 SECTION 5.6. Inspection of Property....................................... 38 Section 7.5 Insurance............................................................................. 38 Section 7.6 Insurance and Condemnation Proceeds................................................... 39 Section 7.7 Environmental Laws.................................................................... 39 Section 7.8 Compliance with ERISA................................................................. 40 Section 7.9 Mergers, Books Consolidations, or Sales..................................................... 40 Section 7.10 Distributions; Capital Change; Restricted Investments................................. 42 Section 7.11 Transactions Resulting in a Material Adverse Effect................................... 42 Section 7.12 Guaranties............................................................................ 42 Section 7.13 Debt.................................................................................. 43 Section 7.14 Prepayment............................................................................ 43 Section 7.15 Transactions with Affiliates.......................................................... 43 Section 7.16 Investment Banking and Records................... 68 SECTION 5.7. Existence................................................... 68 SECTION 5.8. Financial Covenants......................................... 68 SECTION 5.9. Restriction on Fundamental Changes; Operation and Control... 70 SECTION 5.10. Changes in Business......................................... 71 SECTION 5.11. Affiliate Transactions...................................... 71 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 SECTION 5.13. Margin Stock................................................ 72 SECTION 5.14. Use of Proceeds............................................. 72 SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Finder's Fees.................................................. 44 Section 7.17 Business Conducted.................................................................... 44 Section 7.18 Liens; Release of Liens..................................... 73 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTS................................................................................. 44 Section 7.19 Reserved.............................................................................. 44 TABLE OF CONTENTS ii

AFFIRMATIVE AND NEGATIVE COVENANTS. SECTION Section 5.1. Information................................................. 62 SECTION .......................................... 74 Section 5.2. Payment of Obligations...................................... 67 SECTION ............................... 77 Section 5.3. Maintenance of Property; Insurance.......................... 67 SECTION ................... 78 Section 5.4. Conduct of Business......................................... 67 SECTION .................................. 78 Section 5.5. Compliance with Laws........................................ 68 SECTION ................................. 78 Section 5.6. Inspection of Property, Books and Records................... 68 SECTION ........................................ 79 Section 5.7. Existence................................................... 68 SECTION ............................................ 79 Section 5.8. Financial Covenants......................................... 68 SECTION .................................. 79 Section 5.9. Restriction on Fundamental Changes; Operation and Control... 70 SECTION .......................... 81 Section 5.10. Changes in Business......................................... 71 SECTION .................................. 81 Section 5.11. Affiliate Transactions...................................... 71 SECTION Sale of Unencumbered Asset Pool Properties.................................... 82 Section 5.12. Fiscal Year; Fiscal Quarter................................. 72 SECTION .......................... 82 Section 5.13. Margin Stock................................................ 72 SECTION ......................................... 82 Section 5.14. Use of Proceeds............................................. 72 SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Liens; Release of Liens..................................... 73 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTS.

AFFIRMATIVE AND NEGATIVE COVENANTS. 46 SECTION 5.1. Information................................................. 62 ............................. 46 SECTION 5.2. Payment of Obligations...................................... 67 .................. 49 SECTION 5.3. Maintenance of Property; Insurance.......................... 67 ...... 49 SECTION 5.4. Conduct of Business......................................... 67 ..................... 50 SECTION 5.5. Compliance with Laws........................................ 68 .................... 50 SECTION 5.6. Inspection of Property, Books and Records................... 68 ................................. 50 SECTION 5.7. Existence................................................... 68 ............................... 51 SECTION 5.8. Financial Covenants......................................... 68 ..................... 51 SECTION 5.9. Restriction on Fundamental Changes; Operation and Control... 70 ................... 51 SECTION 5.10. Changes in Business......................................... 71 ..................... 52 SECTION 5.11. Affiliate Transactions...................................... 71 5.11 Sale of the Property.................... 52 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 ............. 52 SECTION 5.13. Margin Stock................................................ 72 ............................ 52 SECTION 5.14. Development Activities.................. 52 SECTION 5.15. Use of Proceeds............................................. 72 ......................... 52 SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Liens; Release of Liens..................................... 73 SECTION 5.17. Sale of Unencumbered Asset Pool Properties.................. 73 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT 5.16 Borrower Status................................................. 74 ......................... 52 ARTICLE VI DEFAULTSVI

AFFIRMATIVE AND NEGATIVE COVENANTS. 64 SECTION 5.1. Information................................................. 62 .............................................64 SECTION 5.2. Payment of Obligations...................................... 67 ..................................69 SECTION 5.3. Maintenance of Property; Insurance.......................... 67 ......................69 SECTION 5.4. Conduct of Business......................................... 67 Business and Good Standing...................70 SECTION 5.5. Compliance with Laws........................................ 68 ....................................70 SECTION 5.6. Inspection of Property, Books and Records................... 68 .............................................70 SECTION 5.7. Existence................................................... 68 ...............................................71 SECTION 5.8. Maintenance of REIT Status; NYSE Listing................71 SECTION 5.9. Financial Covenants......................................... 68 .....................................71 SECTION 5.95.10. Restriction on Fundamental Changes; Operation and Control... 70 SECTION 5.10. Changes in Business......................................... 71 ......................74 SECTION 5.11. Affiliate Transactions...................................... 71 Additional Covenants re: Unencumbered Assets.....................................75 SECTION 5.12. Fiscal Year; Fiscal Quarter................................. 72 SECTION 5.13. Margin Stock................................................ 72 SECTION 5.14. Use of Proceeds............................................. 72 SECTION 5.15. Interest Rate Protection.................................... 72 SECTION 5.16. Liens; Release of Liens..................................... 73 .................................76 SECTION 5.175.13. Sale of Unencumbered Asset Pool Properties.................. 73 Assets.............................76 SECTION 5.18. Development Activities...................................... 74 SECTION 5.19. REIT Status................................................. 74 ARTICLE VI DEFAULTS5.14.