Common use of AFFIRMATIVE COVENANTS 59 Clause in Contracts

AFFIRMATIVE COVENANTS 59. Section 4.1 Financial Statements and Other Reports and Notices. Each Borrower will deliver to Agent: 59 Section 4.2 Payment and Performance of Obligations 61 Section 4.3 Maintenance of Existence 61 Section 4.4 Maintenance of Property; Insurance 61 Section 4.5 Compliance with Laws and Material Contracts 62 Section 4.6 Inspection of Property, Books and Records 62 Section 4.7 Use of Proceeds 63 Section 4.8 Reserved 63 Section 4.9 Notices of Material Contracts, Litigation and Defaults 63 Section 4.10 Hazardous Materials; Remediation 64 Section 4.11 Further Assurances 64 Section 4.12 Reserved 65 Section 4.13 Power of Attorney 65 Section 4.14 Borrowing Base Collateral Administration 65 Section 4.15 Reserved 66 Section 4.16 Intellectual Property and Licensing 66 Section 4.17 Permits 67 ARTICLE 5 - NEGATIVE COVENANTS 67 Section 5.1 Debt; Contingent Obligations 67 Section 5.2 Liens 68 Section 5.3 Distributions 68 Section 5.4 Restrictive Agreements 68 Section 5.5 Payments and Modifications of Subordinated Debt 68 Section 5.6 Consolidations, Mergers and Sales of Assets; 68 Section 5.7 Purchase of Assets, Investments 69 Section 5.8 Transactions with Affiliates 69 Section 5.9 Modification of Organizational Documents 69 Section 5.10 Modification of Certain Agreements 70 Section 5.11 Conduct of Business 70 Section 5.12 Reserved 70 Section 5.13 Limitation on Sale and Leaseback Transactions 70 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 70 Section 5.15 Compliance with Anti-Terrorism Laws 71 Section 5.16 Change in Accounting 71 Section 5.17 Investment Company Act 71 Section 5.18 Agreements Regarding Receivables 71 ARTICLE 6 - FINANCIAL COVENANTS 72 Section 6.1 Minimum Net Revenue 72 Section 6.2 Evidence of Compliance 72 ARTICLE 7 - CONDITIONS 72 Section 7.1 Conditions to Closing 72 Section 7.2 Conditions to Each Loan 73 Section 7.3 Searches 74 Section 7.4 Post-Closing Requirements 74 ARTICLE 8 - [RESERVED] 74 ARTICLE 9 - SECURITY AGREEMENT 74 Section 9.1 Generally 74 Section 9.2 Representations and Warranties and Covenants Relating to Collateral 76 ARTICLE 10 EVENTS OF DEFAULT 78 Section 10.1 Events of Default 78 Section 10.2 Acceleration and Suspension or Termination of Revolving Loan Commitment 81 Section 10.3 UCC Remedies 81 Section 10.4 Reserved 83 Section 10.5 Default Rate of Interest 83 Section 10.6 Setoff Rights 83 Section 10.7 Application of Proceeds 83 Section 10.8 Waivers 84 Section 10.9 Injunctive Relief 85 Section 10.10 Marshalling; Payments Set Aside 86 ARTICLE 11 - AGENT 86 Section 11.1 Appointment and Authorization 86 Section 11.2 Agent and Affiliates 86 Section 11.3 Action by Agent 86 Section 11.4 Consultation with Experts 86 Section 11.5 Liability of Agent 86 Section 11.6 Indemnification 87 Section 11.7 Right to Request and Act on Instructions 87 Section 11.8 Credit Decision 88 Section 11.9 Collateral Matters 88 Section 11.10 Agency for Perfection 88 Section 11.11 Notice of Default 88 Section 11.12 Assignment by Agent; Resignation of Agent; Successor Agent 88 Section 11.13 Payment and Sharing of Payment 89 Section 11.14 Right to Perform, Preserve and Protect 91 Section 11.15 Additional Titled Agents 92 Section 11.16 Amendments and Waivers 92 Section 11.17 Assignments and Participations 93

AFFIRMATIVE COVENANTS 59. Section 4.1 SECTION 5.01. Financial Statements Statements; Borrowing Base and Other Reports and NoticesInformation 59 SECTION 5.02. Each Borrower will deliver to Agent: 59 Section 4.2 Notices of Material Events; Name Change. 62 SECTION 5.03. Existence; Conduct of Business 62 SECTION 5.04. Payment and Performance of Obligations 61 Section 4.3 Obligations. 63 SECTION 5.05. Maintenance of Existence 61 Section 4.4 Maintenance of PropertyProperties 63 SECTION 5.06. Books and Records; Insurance 61 Section 4.5 Inspection Rights 63 SECTION 5.07. Compliance with Laws and Material Contracts 62 Section 4.6 Inspection of Property, Books and Records 62 Section 4.7 Contractual Obligations. 63 SECTION 5.08. Use of Proceeds Proceeds. 63 Section 4.8 Reserved 63 Section 4.9 Notices SECTION 5.09. Accuracy of Material Contracts, Litigation Information 64 SECTION 5.10. Insurance 64 SECTION 5.11. Appraisals 64 SECTION 5.12. Casualty and Defaults 63 Section 4.10 Hazardous MaterialsCondemnation 64 SECTION 5.13. Depository Banks 65 SECTION 5.14. Additional Collateral; Remediation 64 Section 4.11 Further Assurances 64 Section 4.12 Reserved 65 Section 4.13 Power of Attorney 65 Section 4.14 Borrowing Base Collateral Administration 65 Section 4.15 Reserved ARTICLE VI. Negative Covenants 66 Section 4.16 Intellectual Property SECTION 6.01. Indebtedness. 66 SECTION 6.02. Liens. 68 SECTION 6.03. Fundamental Changes. 69 SECTION 6.04. Investments, Loans, Advances, Guarantees and Licensing 66 Section 4.17 Permits 67 ARTICLE 5 - NEGATIVE COVENANTS 67 Section 5.1 Debt; Contingent Obligations 67 Section 5.2 Liens 68 Section 5.3 Distributions 68 Section 5.4 Restrictive Agreements 68 Section 5.5 Payments and Modifications of Subordinated Debt 68 Section 5.6 Consolidations, Mergers and Acquisitions 70 SECTION 6.05. Asset Sales of Assets; 68 Section 5.7 Purchase of Assets, Investments 69 Section 5.8 Transactions with Affiliates 69 Section 5.9 Modification of Organizational Documents 69 Section 5.10 Modification of Certain Agreements 70 Section 5.11 Conduct of Business 70 Section 5.12 Reserved 70 Section 5.13 Limitation on 71 SECTION 6.06. Sale and Leaseback Transactions 70 Section 5.14 Deposit Accounts and Securities Accounts72 SECTION 6.07. Swap Agreements 72 SECTION 6.08. Restricted Payments; Payroll and Benefits Accounts 70 Section 5.15 Compliance Certain Payments of Indebtedness. 72 SECTION 6.09. Transactions with Anti-Terrorism Laws 71 Section 5.16 Change in Accounting 71 Section 5.17 Investment Company Act 71 Section 5.18 Agreements Regarding Receivables 71 ARTICLE 6 - FINANCIAL COVENANTS 72 Section 6.1 Minimum Net Revenue 72 Section 6.2 Evidence Affiliates. 73 SECTION 6.10. Restrictive Agreements. 73 SECTION 6.11. Amendment of Compliance 72 ARTICLE 7 - CONDITIONS 72 Section 7.1 Conditions to Closing 72 Section 7.2 Conditions to Each Loan Material Documents 73 Section 7.3 Searches 74 Section 7.4 Post-Closing Requirements SECTION 6.12. Financial Covenants 74 ARTICLE 8 - [RESERVED] 74 ARTICLE 9 - SECURITY AGREEMENT 74 Section 9.1 Generally 74 Section 9.2 Representations and Warranties and Covenants Relating to Collateral 76 ARTICLE 10 EVENTS OF DEFAULT 78 Section 10.1 VII. Events of Default 78 Section 10.2 Acceleration 74 ARTICLE VIII. Miscellaneous 77 SECTION 8.01. Notices 77 SECTION 8.02. Waivers; Amendments. 79 SECTION 8.03. Expenses; Indemnity; Damage Waiver. 79 SECTION 8.04. Successors and Suspension or Termination Assigns 81 SECTION 8.05. Survival 82 SECTION 8.06. Counterparts; Integration; Effectiveness; Electronic Execution. 82 SECTION 8.07. Severability 83 SECTION 8.08. Right of Revolving Loan Commitment 81 Section 10.3 UCC Remedies 81 Section 10.4 Reserved Setoff. 83 Section 10.5 Default Rate SECTION 8.09. Governing Law; Jurisdiction; Consent to Service of Interest Process. 83 Section 10.6 Setoff Rights 83 Section 10.7 Application of Proceeds 83 Section 10.8 Waivers SECTION 8.10. WAIVER OF JURY TRIAL. 84 Section 10.9 Injunctive Relief 85 Section 10.10 Marshalling; Payments Set Aside 86 ARTICLE 11 - AGENT 86 Section 11.1 Appointment and Authorization 86 Section 11.2 Agent and Affiliates 86 Section 11.3 Action by Agent 86 Section 11.4 Consultation with Experts 86 Section 11.5 Liability of Agent 86 Section 11.6 Indemnification 87 Section 11.7 Right to Request and Act on Instructions 87 Section 11.8 Credit Decision 88 Section 11.9 Collateral Matters 88 Section 11.10 Agency for Perfection 88 Section 11.11 Notice of Default 88 Section 11.12 Assignment by Agent; Resignation of Agent; Successor Agent 88 Section 11.13 Payment and Sharing of Payment 89 Section 11.14 Right to Perform, Preserve and Protect 91 Section 11.15 Additional Titled Agents 92 Section 11.16 Amendments and Waivers 92 Section 11.17 Assignments and Participations 93SECTION 8.11. Headings. 84 SECTION 8.12. Confidentiality. 84

AFFIRMATIVE COVENANTS 59. Section 4.1 SECTION 5.01. Financial Statements and Other Reports and NoticesInformation 59 SECTION 5.02. Each Borrower will deliver to Agent: 59 Section 4.2 Notices of Material Events 61 SECTION 5.03. Existence; Conduct of Business 62 SECTION 5.04. Payment and Performance of Obligations 61 Section 4.3 62 SECTION 5.05. Maintenance of Existence 61 Section 4.4 Maintenance of PropertyProperties 62 SECTION 5.06. Insurance 62 SECTION 5.07. Books and Records; Insurance 61 Section 4.5 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 Material Contracts 62 Section 4.6 Inspection of Property, Books and Records 62 Section 4.7 Funded Debt Documents 64 SECTION 5.12. Use of Proceeds 63 Section 4.8 Reserved 63 Section 4.9 Notices and Letters of Material ContractsCredit 64 SECTION 5.13. Security and Guaranties. 64 SECTION 5.14. Certain Changes 65 ARTICLE 6 Negative Covenants 66 SECTION 6.01. Indebtedness 66 SECTION 6.02. Liens 66 SECTION 6.03. Fundamental Changes. 67 SECTION 6.04. Investments, Litigation Loans, Advances, Guarantees and Defaults 63 Section 4.10 Hazardous Materials; Remediation 64 Section 4.11 Further Assurances 64 Section 4.12 Reserved 65 Section 4.13 Power of Attorney 65 Section 4.14 Borrowing Base Collateral Administration 65 Section 4.15 Reserved 66 Section 4.16 Intellectual Property and Licensing 66 Section 4.17 Permits Acquisitions 67 ARTICLE 5 - NEGATIVE COVENANTS 67 Section 5.1 Debt; Contingent Obligations 67 Section 5.2 Liens 68 Section 5.3 Distributions 68 Section 5.4 Restrictive SECTION 6.05. Swap Agreements 68 Section 5.5 SECTION 6.06. Restricted Payments and Modifications of Subordinated Debt 68 Section 5.6 Consolidations, Mergers and Sales of Assets; 68 Section 5.7 Purchase of Assets, Investments SECTION 6.07. Dispositions 69 Section 5.8 SECTION 6.08. Transactions with Affiliates 69 Section 5.9 Modification of Organizational Documents SECTION 6.09. Restrictive Agreements 69 Section 5.10 Modification of Certain Agreements 70 Section 5.11 Conduct of Business 70 Section 5.12 Reserved 70 Section 5.13 SECTION 6.10. Limitation on Sale and Leaseback Transactions Dispositions of Equity Interests 70 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts SECTION 6.11. Environmental Protection 70 Section 5.15 Compliance with Anti-Terrorism Laws 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 5.16 SECTION 6.18. Issuance of Equity 71 SECTION 6.19. Change in Accounting 71 Section 5.17 Investment Company Act 71 Section 5.18 Agreements Regarding Receivables Documents 71 ARTICLE 6 - FINANCIAL COVENANTS 72 Section 6.1 Minimum Net Revenue 72 Section 6.2 Evidence of Compliance 72 ARTICLE 7 - CONDITIONS 72 Section 7.1 Conditions to Closing 72 Section 7.2 Conditions to Each Loan 73 Section 7.3 Searches 74 Section 7.4 Post-Closing Requirements 74 ARTICLE 8 - [RESERVED] 74 ARTICLE 9 - SECURITY AGREEMENT 74 Section 9.1 Generally 74 Section 9.2 Representations and Warranties and Covenants Relating to Collateral 76 ARTICLE 10 EVENTS OF DEFAULT 78 Section 10.1 Events of Default 78 Section 10.2 Acceleration and Suspension or Termination of Revolving Loan Commitment 81 Section 10.3 UCC Remedies 81 Section 10.4 Reserved 83 Section 10.5 Default Rate of Interest 83 Section 10.6 Setoff Rights 83 Section 10.7 Application of Proceeds 83 Section 10.8 Waivers 84 Section 10.9 Injunctive Relief 85 Section 10.10 Marshalling; Payments Set Aside 86 ARTICLE 11 - AGENT 86 Section 11.1 Appointment and Authorization 86 Section 11.2 Agent and Affiliates 86 Section 11.3 Action by Agent 86 Section 11.4 Consultation with Experts 86 Section 11.5 Liability of Agent 86 Section 11.6 Indemnification 87 Section 11.7 Right to Request and Act on Instructions 87 Section 11.8 Credit Decision 88 Section 11.9 Collateral Matters 88 Section 11.10 Agency for Perfection 88 Section 11.11 Notice 71 SECTION 7.01. Events of Default 88 Section 11.12 Assignment 71 SECTION 7.02. Collateral Account 74 SECTION 7.03. Remedies Cumulative 75 SECTION 7.04. Performance by the Administrative Agent; Resignation of Agent; Successor Agent 88 Section 11.13 Payment and Sharing of Payment 89 Section 11.14 Right to Perform, Preserve and Protect 91 Section 11.15 Additional Titled Agents 92 Section 11.16 Amendments and Waivers 92 Section 11.17 Assignments and Participations 93Etc 75

AFFIRMATIVE COVENANTS 59. Section 4.1 Financial Statements and Other Reports and Notices. Each Borrower will deliver to Agent: 5.01 Compliance with Laws, Etc 59 Section 4.2 5.02 Payment and Performance of Obligations 61 Taxes, Etc. 60 Section 4.3 5.03 Maintenance of Existence 61 Insurance 60 Section 4.4 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 Property; Insurance 61 Properties, Etc 60 Section 4.5 Compliance 5.08 Reporting Requirements 60 Section 5.09 Transactions with Laws and Material Contracts Affiliates 62 Section 4.6 Inspection of Property, Books and Records 5.10 Subsidiaries 62 Section 4.7 Use of Proceeds 5.11 AML Laws; FCPA and Sanctions 62 Section 5.12 Further Assurances 63 Section 4.8 Reserved 5.13 Springing Guaranty and Lien 63 Article VI. NEGATIVE COVENANTS 63 Section 4.9 Notices of Material Contracts, Litigation and Defaults 63 Section 4.10 Hazardous Materials; Remediation 6.01 Liens 64 Section 4.11 Further Assurances 64 Section 4.12 Reserved 6.02 Mergers, Etc. 65 Section 4.13 Power of Attorney 6.03 Indebtedness 65 Section 4.14 Borrowing Base Collateral Administration 65 Section 4.15 Reserved 6.04 Financial Covenants 66 Section 4.16 Intellectual Property and Licensing 66 Section 4.17 Permits 67 ARTICLE 5 - NEGATIVE COVENANTS Article VII. GUARANTY 67 Section 5.1 Debt; Contingent 7.01 Guaranty of the Obligations 67 Section 5.2 Liens 7.02 Limitation on Liability; Contribution by Guarantors 67 Section 7.03 Payment by Guarantors 68 Section 5.3 Distributions 68 Section 5.4 Restrictive Agreements 68 Section 5.5 Payments and Modifications 7.04 Liability of Subordinated Debt 68 Section 5.6 Consolidations, Mergers and Sales of Assets; 68 Section 5.7 Purchase of Assets, Investments Guarantors Absolute 69 Section 5.8 Transactions with Affiliates 69 Section 5.9 Modification of Organizational Documents 69 Section 5.10 Modification of Certain Agreements 70 Section 5.11 Conduct of Business 70 Section 5.12 Reserved 70 Section 5.13 Limitation on Sale and Leaseback Transactions 70 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 70 Section 5.15 Compliance with Anti-Terrorism Laws 7.05 Waivers by Guarantors 71 Section 5.16 Change in Accounting 7.06 Guarantors’ Rights of Subrogation, Contribution, Etc. 71 Section 5.17 Investment Company Act 71 Section 5.18 Agreements Regarding Receivables 71 ARTICLE 6 - FINANCIAL COVENANTS 7.07 Continuing Guaranty 72 Section 6.1 Minimum Net Revenue 7.08 Authority of Guarantors or the Borrower 72 Section 6.2 Evidence 7.09 Financial Condition of Compliance 72 ARTICLE 7 - CONDITIONS the Borrower 72 Section 7.1 Conditions to Closing 72 Section 7.2 Conditions to Each Loan 7.10 Bankruptcy, Etc. 73 Section 7.3 Searches 74 Section 7.4 Post-Closing Requirements 74 ARTICLE 8 - [RESERVED] 74 ARTICLE 9 - SECURITY AGREEMENT 74 Section 9.1 Generally 74 Section 9.2 Representations and Warranties and Covenants Relating to Collateral 76 ARTICLE 10 7.11 Discharge of Guaranty 73 Article VIII. EVENTS OF DEFAULT 78 74 Section 10.1 8.01 Events of Default 78 74 Article IX. AGENTS 76 Section 10.2 Acceleration 9.01 Appointment of Agents 76 Section 9.02 Powers and Suspension or Termination of Revolving Loan Commitment 81 Duties 76 Section 10.3 UCC Remedies 81 9.03 General Immunity 77 Section 10.4 Reserved 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 10.5 Default Rate 9.10 Administrative Agent May File Proofs of Interest 83 Section 10.6 Setoff Rights 83 Section 10.7 Application of Proceeds 83 Section 10.8 Waivers Claim 84 Section 10.9 Injunctive Relief 85 9.11 Administrative Agent’s “Know Your Customer” Requirements 84 Section 10.10 Marshalling; Payments Set Aside 86 ARTICLE 11 - AGENT 9.12 Certain ERISA Matters 84 Article X. MISCELLANEOUS 86 Section 11.1 Appointment and Authorization 10.01 Notices 86 Section 11.2 Agent and Affiliates 86 Section 11.3 Action by Agent 86 Section 11.4 Consultation with Experts 86 Section 11.5 Liability of Agent 86 Section 11.6 Indemnification 10.02 Expenses 87 Section 11.7 Right to Request and Act on Instructions 87 Section 11.8 Credit Decision 10.03 Indemnity 88 Section 11.9 Collateral Matters 88 Section 11.10 Agency for Perfection 88 Section 11.11 Notice of Default 88 Section 11.12 Assignment by Agent; Resignation of Agent; Successor Agent 88 Section 11.13 Payment and Sharing of Payment 10.04 Set-Off 89 Section 11.14 Right to Perform, Preserve and Protect 91 Section 11.15 Additional Titled Agents 92 Section 11.16 10.05 Amendments and Waivers 92 90 Section 11.17 Assignments 10.06 Successors and Assigns; Participations 9392