AFFIRMATIVE COVENANTS 27. Section 6.1 Place of Business and Books and Records 27 Section 6.2 Reporting Requirements 27 Section 6.3 Books and Records 28 Section 6.4 Financial Covenants 28 Section 6.5 Compliance With Applicable Law 29 Section 6.6 Notice of Default 29 Section 6.7 Corporate Existence, Properties 29 Section 6.8 Payment of Indebtedness; Taxes 29 Section 6.9 Notice Regarding Any Plan 30 Section 6.10 Other Information 30 Section 6.11 Litigation, Enforcement Actions and Requests for Information 30 Section 6.12 Business Location, Legal Name and State of Organization 30 Section 6.13 Operations 31 Section 6.14 Further Assurances 31 Section 6.15 Chattel Paper/Jurisdictions 31 ARTICLE 7 NEGATIVE COVENANTS 31 Section 7.1 Payments to and Transactions with Affiliates 32 Section 7.2 Restricted Payments 32 Section 7.3 Indebtedness 32 Section 7.4 Guaranties 32 Section 7.5 Nature of Business 32 Section 7.6 Negative Pledge 32 Section 7.7 Investments and Acquisitions 33 Section 7.8 Compliance with Formula 33 Section 7.9 Mergers, Sales, Divestitures 33 Section 7.10 Use of Proceeds 33 Section 7.11 Ownership and Management 33 Section 7.12 Amendment to Subordinated Debt 33 Section 7.13 Electronic Chattel Paper Documents 33 Section 7.14 Deposit Accounts 33 ARTICLE 8 EVENTS OF DEFAULT 33 Section 8.1 Failure to Make Payments 33 Section 8.2 Information, Representations and Warranties 34 Section 8.3 Financial Covenants 34 Section 8.4 Collateral 34 Section 8.5 Defaults Under Other Agreements 34 Section 8.6 Certain Events 34 Section 8.7 Possession of Collateral 34 Section 8.8 Credit Documents 35 Section 8.9 Material Adverse Change 35 Section 8.10 Level Two Regulatory Event 35
AFFIRMATIVE COVENANTS 27. 6.1 Financial Reports and Other Information 27
AFFIRMATIVE COVENANTS 27. Section 5.1. Financial Statements and Other Information 27 Section 5.2. Notices of Material Events 28 Section 5.3. Existence; Conduct of Business 29 Section 5.4. Compliance with Laws, Etc 29 Section 5.5. Payment of Obligations 30 Section 5.6. Books and Records 30 Section 5.7. Visitation, Inspection, Etc 30 Section 5.8. Maintenance of Properties; Insurance 30 Section 5.9. Use of Proceeds 30 Section 5.11. SmartFinancial Acquisition. On or before the date which is 15 days after the Line of Credit Closing Date, the Borrower shall have delivered to Lender 31 Section 5.12. Further Assurances 31
AFFIRMATIVE COVENANTS 27. Negative Covenants 30 ------------------
AFFIRMATIVE COVENANTS 27. Furnishing Information. 27
AFFIRMATIVE COVENANTS 27. Section 0.0.
AFFIRMATIVE COVENANTS 27. Section 5.1. Financial Statements and Other Information 27 Section 5.2. Existence 27 Section 5.3.
AFFIRMATIVE COVENANTS 27. 4.1 Financial Statements 27 4.2 Other Reports and Information 28 4.3 Notices 29 4.4 Preservation of Corporate Existence, Etc 31 4.5 Maintenance of Property 31 4.6 Insurance. 32 4.7 Payment of Obligations. 33 4.8 Compliance with Laws 34 4.9 Inspection of Property and Books and Records 34 4.10 Use of Proceeds. 34 4.11 Cash Management Systems; Bank Accounts 34 4.12 ERISA Compliance 34 4.13 Further Assurances. 35 4.14 Environmental Matters. 36
AFFIRMATIVE COVENANTS 27. 5.1 Maintenance of Existence and Conduct of Business 27 5.2 Payment of Charges 28 5.3 Books and Records 28 5.4 Insurance; Damage to or Destruction of Collateral 28 5.5 Compliance with Laws 32 5.6 Supplemental Disclosure 32 5.7 Intellectual Property 32 5.8 Environmental Matters 32 5.9 Landlords’ Agreements, Mortgagee Agreements, Bailee Letters and Real Estate Purchases 33 5.10 Interest Rate Protection 34 5.11 Further Assurances 34 5.12 GAAP Reserves 34 5.13 Maintenance of Title; Maintenance of Liens 34 5.14 Collateral Assurances 34 5.15 Bonding 34 5.16 Annual Meeting 34 5.17 Maintenance of Properties 35 5.18 Future Subsidiaries 35 5.19 BLM Filings 35 5.20 BLM Lease Title Opinion 35 5.21 Permit Updates 35 5.22 Key Man Life Insurance 36 5.23 Material Contracts 36 5.24 Ditch Company Notices of Collateral Assignments 36 5.25 Water Share Certificates 36 6.1 Mergers, Subsidiaries, Etc. 37 6.2 Investments; Loans and Advances 37 6.3 Indebtedness 37 6.4 Employee Loans and Affiliate Transactions 37 6.5 Capital Structure and Business 38 6.6 Guaranteed Indebtedness 38 6.7 Liens 38 6.8 Sale of Stock and Assets 39 6.9 ERISA 39 6.10 Financial Covenants 39 6.11 Hazardous Materials 39 6.12 Sale-Leasebacks 39 6.13 Restricted Payments 39 6.14 Change of Corporate Name, State of Incorporation or Location; Change of Fiscal Year 40 6.15 No Impairment of Intercompany Transfers 40 6.16 Changes Relating to Subordinated Debt ;Material Contracts 40 6.17 Managing Member 41 6.18 Key Employees 41 6.19 Accounting Changes 41 6.20 Bonding Collateral 41 6.21 Applicant Violator System 41 6.22 Tax Distributions 41 6.23 Synfuels 41 6.24 Use of Proceeds 41 7.1 Termination 42 7.2 Survival of Obligations Upon Termination of Financing Arrangements 42
AFFIRMATIVE COVENANTS 27. SECTION 7.1.1 Financial Information, Reports, Notices, etc. 27 SECTION 7.1.2. Approvals and Other Consents 28 SECTION 7.1.3. Compliance with Laws, etc. 28 SECTION 7.1.4. The Purchased Vessel 28 SECTION 7.1.5. Insurance 29 SECTION 7.1.6. Books and Records 29 SECTION 7.1.7. Hermes Insurance Policy 29 SECTION 7.2. Negative Covenants 29 SECTION 7.2.1. Business Activities 29 SECTION 7.2.2 Indebtedness 30 SECTION 7.2.3. Liens 30 SECTION 7.2.4. Financial Condition 32 SECTION 7.2.5. Investments 33 SECTION 7.2.6. Consolidation, Merger, etc. 33 SECTION 7.2.7. Asset Dispositions, etc. 33 SECTION 7.2.8. Transactions with Affiliates 34
SECTION 8.1. Listing of Events of Default 34 SECTION 8.1.1. Non-Payment of Obligations 34 SECTION 8.1.2. Breach of Warranty 34 SECTION 8.1.3. Non-Performance of Certain Covenants and Obligations 35 SECTION 8.1.4. Default on Other Indebtedness 35 SECTION 8.1.5. Bankruptcy, Insolvency, etc. 35 SECTION 8.2. Action if Bankruptcy 36 SECTION 8.3. Action if Other Event of Default 36
SECTION 9.1. Listing of Prepayment Events 36 SECTION 9.1.1. Change in Ownership 36 SECTION 9.1.2. Change in Board 37 SECTION 9.1.3. Unenforceability 37 SECTION 9.1.4. Approvals 37 SECTION 9.1.5. Non-Performance of Certain Covenants and Obligations 37 SECTION 9.1.6. Judgments 37 SECTION 9.1.7. Condemnation, etc. 38 SECTION 9.1.8. Arrest 38 SECTION 9.1.9. [RESERVED] 38
