REPRESENTATIONS AND WARRANTIES 62. Section 5.01 Organization, Good Standing and Qualification 62 Section 5.02 Authority 62 Section 5.03 Governmental Filings; No Violations 62 Section 5.04 Financial Statements 63 Section 5.05 Disclosure 63 Section 5.06 Material Adverse Change 64 Section 5.07 Litigation 64 Section 5.08 Employee Benefits 64 Section 5.09 Compliance with Laws 65 Section 5.10 Environmental Matters 66 Section 5.11 Payment of Taxes 66 Section 5.12 Intellectual Property 67 Section 5.13 Title to Properties 67 Section 5.14 Material Contracts 67 Section 5.15 Insurance 67 Section 5.16 Federal Reserve Regulations 68 Section 5.17 Investment Company 68 Section 5.18 Subsidiaries 68 Section 5.19 Solvency 68 Section 5.20 Pledged Equity 69 Section 5.21 Pari Passu 69 ARTICLE VI AFFIRMATIVE COVENANTS 69 Section 6.01 Financial Reporting 69 Section 6.02 Notices 71 Section 6.03 Use of Proceeds 71 Section 6.04 Preservation of Existence 72 Section 6.05 Insurance 72 Section 6.06 Compliance with Laws 72 Section 6.07 Access 72 Section 6.08 Payment Taxes and Other Obligations 73 Section 6.09 New Material Subsidiaries 73 Section 6.10 Maintenance of Properties and Leases 73 Section 6.11 Keeping of Records and Books of Account 73 Section 6.12 Further Assurances 74 Section 6.13 Transactions With Affiliates 74 ARTICLE VII NEGATIVE COVENANTS 74 Section 7.01 Debt 74 Section 7.02 Liens 76 Section 7.03 Fiscal Year; Nature of Business, Accounting Policies 76 Section 7.04 Financial Covenants 76 Section 7.05 Liquidations, Mergers and Consolidations 76 Section 7.06 Dispositions of Assets or Subsidiaries 77 Section 7.07 Dividends and Related Distributions 78 Page
REPRESENTATIONS AND WARRANTIES 62. 17.1. The Licensee represents and warrants to Maha-Metro that 62 17.2. Obligation to notify change 63 ARTICLE 18 MISCELLANEOUS 64 18.1. Interest and Right of Set Off 64 18.2. Miscellaneous 66 ANNEXURES 69 ANNEXURE – 1 DETAILS OF BUILT-UP SPACE OFFERED FOR LICENCING 70 ANNEXURE – 2 : LIST OF USAGES BANNED/ NEGATIVE LIST 71 ANNEXURE-3 : HANDING OVER NOTE 72 ANNEXURE 4 – TAKING OVER NOTE 73 Part I- Preliminary LICENSE AGREEMENT THIS AGREEMENT is entered into on this the ……….. day of ………, 20…..
REPRESENTATIONS AND WARRANTIES 62. Section 5.1 Corporate Existence and Authority 62 Section 5.2 Due Authorization 62 Section 5.3 Corporate Documents and Corporate Existence 63
REPRESENTATIONS AND WARRANTIES 62. Section 4.1. Representations and Warranties as to Borrower 62 Section 4.2. Representations and Warranties as to the Mortgaged Property 66 Section 4.3. Survival of Representations 70 ARTICLE V. AFFIRMATIVE COVENANTS 70 Section 5.1. Affirmative Covenants 70
REPRESENTATIONS AND WARRANTIES 62. 17.1. The Licensee represents and warrants to Maha-Metro that 62 17.2. Obligation to notify change 63 ARTICLE 18 MISCELLANEOUS 64 18.1. Interest and Right of Set Off 64 18.2. Miscellaneous 66 ANNEXURES 69 ANNEXURE – 1 : DETAILS OF BUILT-UP SPACE 70 ANNEXURE – 2 : USAGE OF THE PROPERTY BUSINESS SPACE 71 ANNEXURE - 3 : CPWD SPECIFIACTIONS FOR NON RESIDENTIAL BUILDINGS 72 ANNEXURE - 4 : RULES AND GUIDELINES FOR RELEASE OF ELECTRIC POWER 73 ANNEXURE - 5 : PROFORMA OF HANDING OVER NOTE 74 ANNEXURE – 6: PROFORMA OF TAKING OVER NOTE 75 ANNEXURE - 7: TERMS AND CONDITIONS TO BE INCLUDED IN THE SUB-LEASE AGREEMENT 76 LICENSE AGREEMENT THIS AGREEMENT is entered into on this the ……….. day of ………, 20…..
REPRESENTATIONS AND WARRANTIES 62. Section 6.2. Survival of Representations and Warranties, Etc. 68
REPRESENTATIONS AND WARRANTIES 62. Section 9.1. Representations and Warranties of the City 62 Section 9.2. Representations and Warranties of the Concessionaire 65 Section 9.3. Non-Waiver 67 Section 9.4. Survival 67 ARTICLE 10 Finance Obligations 67 Section 10.1. Concessionaire’s Obligations 67 Section 10.2. City’s Obligations 68 Section 10.3. Concessionaire’s Obligation for Estoppel Certificates 68 Section 10.4. Prohibited Tax Shelter Transactions 68 ARTICLE 11 Compliance With Laws 69 Section 11.1. Compliance with Laws 69 Section 11.2. Non-Discrimination 69 Section 11.3. Non-Discrimination/Sexual Harassment Clause 69 Section 11.4. Non-Collusion 70 Section 11.5. Ethics and Conflict of Interest Requirements 70 Section 11.6. Prevailing Wage 71 Section 11.7. Reciprocal Limitations Act 72 Section 11.8. Steel Products Procurement Act 72 Section 11.9. Trade Practices Act 72 Section 11.10. Pennsylvania Procurement Code 72 ARTICLE 12 Indemnification 72 Section 12.1. Indemnification by the Concessionaire 72 Section 12.2. Indemnification by the City 73 Section 12.3. Agency for Representatives 73 Section 12.4. Third Party Claims 73 Section 12.5. Direct Claims 74 Section 12.6. Failure to Give Timely Notice 75 Section 12.7. Reductions and Subrogation 75 Section 12.8. Payment and Interest 75 Section 12.9. Limitation on Certain Claims 75 Section 12.10. Workers Compensation 76 Section 12.11. Offset Rights; Limitations on Certain Damages 76 Section 12.12. Survival 76 ARTICLE 13 Insurance 76 Section 13.1. Insurance Coverage Required 76 Section 13.2. Additional Requirements 78 Section 13.3. Damage and Destruction 81 ARTICLE 14 Adverse Actions 84 Section 14.1. Adverse Action 84 Section 14.2. Termination 86 Section 14.3. Right of City to Remedy an Adverse Action 86
REPRESENTATIONS AND WARRANTIES 62. Section 9.1.
REPRESENTATIONS AND WARRANTIES 62. Section 4.1 Existence; Power 62
REPRESENTATIONS AND WARRANTIES 62. Section 4.1 Corporate Existence; Compliance with Law 62 Section 4.2 U.S. Loan Documents and Related Documents. 63 Section 4.3 Group Ownership. 63 Section 4.4 Financial Condition. 63 Section 4.5 Material Adverse Effect 64 Section 4.6 Solvency 64 Section 4.7 Litigation 64 Section 4.8 Taxes 64 Section 4.9 Margin Regulations 64 Section 4.10 No Defaults 65 Section 4.11 Investment Company Act 65 Section 4.12 Labor Matters 65 Section 4.13 Benefit Plans 65 Section 4.14 Environmental Matters 65 Section 4.15 Intellectual Property 65 Section 4.16 Title; Property. 66 Section 4.17 Full Disclosure 66 Section 4.18 OFAC; Anti-Money Laundering; Corrupt Practices 66 Section 4.19 Use of Proceeds. 67 Section 4.20 Indebtedness; Liens. 67
