AFFIRMATIVE COVENANTS 59 Clause Samples

AFFIRMATIVE COVENANTS 59. SECTION 5.01. Financial Statements and Other Information 59 SECTION 5.02. Notices of Material Events 61 SECTION 5.03. Existence; Conduct of Business 62 SECTION 5.04. Payment of Obligations 62 SECTION 5.05. Maintenance of Properties 62 SECTION 5.06. Insurance 62 SECTION 5.07. Books and Records; Inspection Rights 63 SECTION 5.08. Compliance with Laws 63 SECTION 5.09. Further Assurances 63 SECTION 5.10. ERISA 64 SECTION 5.11. Delivery of Certain Amendments and Funded Debt Documents 64 SECTION 5.12. Use of Proceeds and Letters of Credit 64 SECTION 5.13. Security and Guaranties. 64 SECTION 5.14. Certain Changes 65 SECTION 6.01. Indebtedness 66 SECTION 6.02. Liens 66 SECTION 6.03. Fundamental Changes. 67 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 67 SECTION 6.05. Swap Agreements 68 SECTION 6.06. Restricted Payments 68 SECTION 6.07. Dispositions 69 SECTION 6.08. Transactions with Affiliates 69 SECTION 6.09. Restrictive Agreements 69 SECTION 6.10. Limitation on Dispositions of Equity Interests 70 SECTION 6.11. Environmental Protection 70 SECTION 6.12. ERISA 70 SECTION 6.13. Government Regulation 70 SECTION 6.14. Minimum Consolidated Net Worth 70 SECTION 6.15. Maximum Leverage Ratio 70 SECTION 6.16. Current Ratio 70 SECTION 6.17. Calculation of Covenants 71 SECTION 6.18. Issuance of Equity 71 SECTION 6.19. Change in Documents 71 SECTION 7.01. Events of Default 71 SECTION 7.02. Collateral Account 74 SECTION 7.03. Remedies Cumulative 75 SECTION 7.04. Performance by the Administrative Agent, Etc 75

AFFIRMATIVE COVENANTS 59. Section 5.01 Compliance with Laws, Etc 59 Section 5.02 Payment of Taxes, Etc. 60 Section 5.03 Maintenance of Insurance 60 Section 5.04 Preservation of Existence, Etc. 60 Section 5.05 Visitation Rights 60 Section 5.06 Keeping of Books 60 Section 5.07 Maintenance of Properties, Etc 60 Section 5.08 Reporting Requirements 60 Section 5.09 Transactions with Affiliates 62 Section 5.10 Subsidiaries 62 Section 5.11 AML Laws; FCPA and Sanctions 62 Section 5.12 Further Assurances 63 Section 5.13 Springing Guaranty and Lien 63 Article VI. NEGATIVE COVENANTS 63 Section 6.01 Liens 64 Section 6.02 Mergers, Etc. 65 Section 6.03 Indebtedness 65 Section 6.04 Financial Covenants 66 Article VII. GUARANTY 67 Section 7.01 Guaranty of the Obligations 67 Section 7.02 Limitation on Liability; Contribution by Guarantors 67 Section 7.03 Payment by Guarantors 68 Section 7.04 Liability of Guarantors Absolute 69 Section 7.05 Waivers by Guarantors 71 Section 7.06 Guarantors’ Rights of Subrogation, Contribution, Etc. 71 Section 7.07 Continuing Guaranty 72 Section 7.08 Authority of Guarantors or the Borrower 72 Section 7.09 Financial Condition of the Borrower 72 Section 7.10 Bankruptcy, Etc. 73 Section 7.11 Discharge of Guaranty 73 Article VIII. EVENTS OF DEFAULT 74 Section 8.01 Events of Default 74 Article IX. AGENTS 76 Section 9.01 Appointment of Agents 76 Section 9.02 Powers and Duties 76 Section 9.03 General Immunity 77 Section 9.04 Agents Entitled to Act as Lender 79 Section 9.05 Lenders’ Representations, Warranties and Acknowledgment 79 Section 9.06 Right to Indemnity 80 Section 9.07 Successor Agents 80 Section 9.08 Security Documents and Guaranty 82 Section 9.09 Withholding Taxes 83 Section 9.10 Administrative Agent May File Proofs of Claim 84 Section 9.11 Administrative Agent’s “Know Your Customer” Requirements 84 Section 9.12 Certain ERISA Matters 84 Article X. MISCELLANEOUS 86 Section 10.01 Notices 86 Section 10.02 Expenses 87 Section 10.03 Indemnity 88 Section 10.04 Set-Off 89 Section 10.05 Amendments and Waivers 90 Section 10.06 Successors and Assigns; Participations 92

AFFIRMATIVE COVENANTS 59. SECTION 8.1.1 Financial Information, Reports, Notices, etc. 60 SECTION 8.1.2 Compliance with Laws, etc. 63 SECTION 8.1.3 Budget and Variance, as Modified or Approved by Agent 63 SECTION 8.1.4 Business Plan 64 SECTION 8.1.5 Carve-Out 64 TABLE OF CONTENTS (continued) SECTION 8.1.6 Continued Effectiveness of Licenses 65

AFFIRMATIVE COVENANTS 59. Section 8.01 Compliance with Laws, Etc 59 Section 8.02 Maintenance of Insurance 59 Section 8.03 Preservation of Existence 60 Section 8.04 Payment of Taxes, Etc 60 Section 8.05 Visitation Rights 60 Section 8.06 Reporting Requirements 60 Section 8.07 Maintenance of Property 65 Section 8.08 Title Opinions 66 Section 8.09 Further Assistance 66 Section 8.10 Title Information and Cure 67 Section 8.11 Deposit Accounts 67 Section 8.12 Hedge Contracts 68

AFFIRMATIVE COVENANTS 59. Section 7.1 Financial Statements and Other Reports 60

AFFIRMATIVE COVENANTS 59. SECTION 7.1 Financial Information, Reports, Notices, Etc 59

AFFIRMATIVE COVENANTS 59. Section 7.1 Financial Statements 59 Section 7.2 Certificates; Other Reports 61 Section 7.3 Notice of Material Events 61 Section 7.4 Use of Proceeds 62 Section 7.5 Conduct of Business 62 Section 7.6 Taxes 63 Section 7.7 Insurance 63 Section 7.8 Books and Records; Inspection 63 Section 7.9 Maintenance of Property and Licenses 63 Section 7.10 Compliance with Laws and Approvals 64 Section 7.11 Compliance with ERISA 64 Section 7.12 Additional Subsidiaries; Further Assurances 64 Section 7.13 Post Closing Matters 64 Section 8.1 Intentionally Deleted 65 Section 8.2 Merger 65 Section 8.3 Sale of Assets 65 Section 8.4 Investments 66 Section 8.5 Liens 66 Section 8.6 Intentionally Deleted 68 Section 8.7 Hedge Agreements 68 Section 8.8 Changes in Fiscal Periods 68