Common use of AFFIRMATIVE COVENANTS 27 Clause in Contracts

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. Section 6.1 Place 5.01 Financial Statements; Ratings Change and Other Information 27 Section 5.02 Notices of Material Events 29 Section 5.03 Existence; Conduct of Business and 29 Section 5.04 Payment of Obligations 29 Section 5.05 Maintenance of Properties; Insurance 29 Section 5.06 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 Records; Inspection Rights 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 5.07 Compliance with Laws 30 Section 6.10 Other 5.08 Use of Proceeds 30 Section 5.09 Accuracy Of Information 30 Section 6.11 Litigation, Enforcement Actions and Requests for Information 5.10 Debt to Capitalization Ratio 30 ARTICLE VI NEGATIVE COVENANTS 30 Section 6.12 Business Location, Legal Name and State of Organization 6.01 Secured Indebtedness 30 Section 6.13 Operations 6.02 Fundamental Changes 31 Section 6.14 Further Assurances 6.03 Business 31 Section 6.15 Chattel Paper/Jurisdictions 31 ARTICLE 7 NEGATIVE COVENANTS 6.04 Swap Agreements 31 Section 7.1 6.05 Restricted Payments to and 32 Section 6.06 Transactions with Affiliates 32 Section 7.2 Restricted Payments 6.07 Disposition of Property 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 VII EVENTS OF DEFAULT 33 32 Section 8.1 Failure to Make Payments 33 7.01 Default 32 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 7.02 Remedies 35 ARTICLE VIII THE AGENT AND THE LENDERS 35 Section 8.9 Material Adverse Change 8.01 Authorization and Action 35 Section 8.10 Level Two Regulatory Event 358.02 No Liability 36 Section 8.03 Accommodations by Administrative Agent 37 Section 8.04 Payments 37 Section 8.05 Credit Decisions 37 Section 8.06 Indemnification 37 Section 8.07 No Implied Liability to Other Lenders 38 Section 8.08 Successor Administrative Agents 38 TABLE OF CONTENTS Page ARTICLE IX MISCELLANEOUS 38 Section 9.01 Notices 38 Section 9.02 Waivers; Amendments 40 Section 9.03 Expenses; Indemnity; Damage Waiver 40 Section 9.04 Successors and Assigns 41 Section 9.05 Survival 44 Section 9.06 Counterparts; Integration; Effectiveness 45 Section 9.07 Severability 45 Section 9.08 Right of Setoff 45 Section 9.10 WAIVER OF JURY TRIAL 46 Section 9.11 Headings 46 Section 9.12 Confidentiality 47 Section 9.13 USA PATRIOT Act 47 SCHEDULE 1.01(A) – COMMITMENTS 1 SCHEDULE 1.01(B) – LIST OF MATERIAL SUBSIDIARIES 2 SCHEDULE 3.06 – DISCLOSED MATTERS 3 SCHEDULE 3.16 – ALGONQUIN ORGANIZATION CHART 4 EXHIBIT A – FORM OF BORROWING REQUEST 5 EXHIBIT B – FORM OF COMPLIANCE CERTIFICATE 7 EXHIBIT C – FORM OF CONVERSION/CONTINUATION NOTICE 9 EXHIBIT D – FORM OF ASSIGNMENT AND ASSUMPTION 11 TERM CREDIT AGREEMENT Term Credit Agreement made as of December 21, 2017 between (i) The Bank of Nova Scotia, as “Administrative Agent”, (ii) the financial institutions listed on the signature pages, as “Lenders”, and (iii) Algonquin Power & Utilities Corp., a Canada corporation, as “Borrower”. For valuable consideration, the parties hereto agree as follows:

AFFIRMATIVE COVENANTS 27. Section 6.1 Place 6.1. Financial Statements and Other Information 27 Section 6.2. Notices of Material Events 28 Section 6.3. Existence; Conduct of Business and 29 Section 6.4. Compliance with Laws 29 Section 6.5. Payment of Taxes 29 Section 6.6. 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 6.7. Visitation and Inspection 29 Section 6.7 Corporate Existence, Properties 6.8. Maintenance of Properties; Insurance 29 Section 6.8 Payment 6.9. Use of IndebtednessProceeds; Taxes 29 Section 6.9 Notice Regarding Any Plan Margin Regulations 30 Section 6.10 Other Information 6.10. Casualty and Condemnation 30 Section 6.11 Litigation, Enforcement Actions and Requests for Information 6.11. Governmental Approvals 30 Section 6.12 Business Location, Legal Name and State of Organization 6.12. Primary Deposit Accounts 30 ARTICLE VII FINANCIAL COVENANTS 30 Section 6.13 Operations 7.1. Debt to Capital Ratio 30 Section 7.2. Consolidated Net Worth 30 ARTICLE VIII NEGATIVE COVENANTS 30 Section 8.1. Indebtedness and Guarantees 31 Section 6.14 Further Assurances 8.2. Liens 31 Section 6.15 Chattel Paper/Jurisdictions 31 ARTICLE 7 NEGATIVE COVENANTS 8.3. Fundamental Changes 31 Section 7.1 8.4. Investments, Loans 31 Section 8.5. Restricted Payments to and 32 Section 8.6. Transactions with Affiliates 32 Section 7.2 Restricted Payments 8.7. Restrictive Agreements 32 Section 7.3 Indebtedness 8.8. Amendment to Material Documents 32 Section 7.4 Guaranties 8.9. Accounting Changes 32 Section 7.5 Nature 8.10. Government Regulation 32 Section 8.11. Sale of Assets 33 Section 8.12. Required Insurance Rating 33 Section 8.13. Suspension or Cessation 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 Activities 33 ARTICLE 8 IX EVENTS OF DEFAULT 33 Section 8.1 Failure to Make Payments 9.1. Events of Default 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 ARTICLE X MISCELLANEOUS 35 Section 8.9 Material Adverse Change 10.1. Notices 35 Section 8.10 Level Two Regulatory Event 3510.2. Waiver; Amendments 36 Section 10.3. Expenses; Indemnification 36 Section 10.4. Successors and Assigns 37 Section 10.5. Governing Law; Jurisdiction; Consent to Service of Process 37 Section 10.6. WAIVER OF JURY TRIAL 38 Section 10.7. Right of Set-off 38 Section 10.8. Counterparts; Integration 39 Section 10.9. Survival 39 Section 10.10. Severability 39 Section 10.11. Patriot Act 39 Section 10.12. Maximum Rate 39 Exhibits Exhibit A - Form of Compliance Certificate Exhibit B - Form of Notice of Borrowing Schedules Schedule 5.14 - Subsidiaries Schedule 8.1 - Indebtedness Schedule 8.2 - Liens REVOLVING CREDIT AGREEMENT THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of May 12, 2021 (the “Closing Date”), by and between ATLANTIC AMERICAN CORPORATION, a Georgia corporation (the “Borrower”), and TRUIST BANK (the “Lender”). The Borrower has requested that the Lender establish a Ten Million and No/100 Dollars ($10,000,000) revolving credit facility in favor of the Borrower and, subject to the terms and conditions of this Agreement, the Lender is willing to establish the requested revolving credit facility in favor of the Borrower;

AFFIRMATIVE COVENANTS 27. Section 6.1 Place 5.1 Maintenance of Existence and Conduct of Business and Books and Records 27 Section 6.2 Reporting Requirements 27 Section 6.3 5.2 Payment of Charges 28 5.3 Books and Records 28 Section 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. NEGATIVE COVENANTS 37 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 28 Section 6.5 Compliance With Applicable Law 29 Section 6.6 Notice 39 6.11 Hazardous Materials 39 6.12 Sale-Leasebacks 39 6.13 Restricted Payments 39 6.14 Change of Default 29 Section 6.7 Corporate ExistenceName, 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 Incorporation or Location; Change of Fiscal Year 40 6.15 Chattel Paper/Jurisdictions 31 ARTICLE 7 NEGATIVE COVENANTS 31 Section 7.1 Payments No Impairment of Intercompany Transfers 40 6.16 Changes Relating 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 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 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 41 7. TERM 42 7.1 Termination 42 7.2 Survival of Collateral 34 Section 8.8 Credit Documents 35 Section 8.9 Material Adverse Change 35 Section 8.10 Level Two Regulatory Event 35Obligations Upon Termination of Financing Arrangements 42