Common use of AFFIRMATIVE COVENANTS      62 Clause in Contracts

AFFIRMATIVE COVENANTS      62. Section 4.1 Financial Statements and Other Reports and Notices 62 Section 4.2 Payment and Performance of Obligations 64 Section 4.3 Maintenance of Existence 65 Section 4.4 Maintenance of Property; Insurance 65 Section 4.5 Compliance with Laws and Material Contracts 66 Section 4.6 Inspection of Property, Books and Records 66 Section 4.7 Use of Proceeds 66 Section 4.8 [Reserved] 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 67 Section 4.10 Hazardous Materials; Remediation 67 Section 4.11 Further Assurances 68 Section 4.12 [Reserved] 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base Collateral Administration 69 Section 4.15 Schedule Updates 69 ARTICLE 5 - NEGATIVE COVENANTS 70 Section 5.1 Debt; Contingent Obligations 70 Section 5.2 Liens 70 Section 5.3 Distributions 70 Section 5.4 Restrictive Agreements 70 Section 5.5 Payments and Modifications of Subordinated Debt 70 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Section 5.7 Purchase of Assets, Investments 71 Section 5.8 Transactions with Affiliates 72 Section 5.9 Modification of Organizational Documents 72 Section 5.10 Modification of Certain Agreements 72 Section 5.11 Conduct of Business 72 Section 5.12 [Reserved] 73 Section 5.13 Limitation on Sale and Leaseback Transactions 73 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 73 Section 5.15 Compliance with Anti-Terrorism Laws 73 Section 5.16 Agreements Regarding Receivables 74 Section 5.17 Permitted Activities of Parent 74 Section 5.18 Excluded Subsidiaries 74 Section 5.19 Master Services Agreements 75 Section 5.20 Palantir Payments 75 ARTICLE 6 - FINANCIAL COVENANTS 75 Section 6.1 Fixed Charge Coverage Ratio 75 Section 6.2 Minimum EBITDA 75 Section 6.3 Minimum Availability 76 Section 6.4 Evidence of Compliance 76 Section 6.5 Equity Cure 76 MidCap / Rubicon / Credit, Security and Guaranty Agreement

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Rubicon Technologies, Inc.)

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AFFIRMATIVE COVENANTS      62. Section 4.1 Financial Statements and Other Reports and Notices 6.01 Reporting Requirements 62 Section 4.2 6.02 Books, Records and Inspections 66 Section 6.03 Insurance 66 Section 6.04 Payment of Taxes and Performance of Obligations 64 Claims 67 Section 4.3 Maintenance of Existence 65 6.05 Corporate Franchises 67 Section 4.4 Maintenance of Property; Insurance 65 6.06 Good Repair 67 Section 4.5 6.07 Compliance with Laws and Material Contracts 66 Section 4.6 Inspection of PropertyStatutes, Books and Records 66 Section 4.7 Use of Proceeds 66 Section 4.8 [Reserved] etc 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 6.08 Compliance with Environmental Laws 67 Section 4.10 Hazardous Materials6.09 Certain Subsidiaries to Join in Guaranty 68 #ii TABLE OF CONTENTS (continued) Page Section 6.10 Additional Security; Remediation 67 Section 4.11 Real Property Matters; Further Assurances 68 Section 4.12 [Reserved] 69 6.11 Control Agreements 72 Section 4.13 Power of Attorney 69 6.12 Material Contracts 72 Section 4.14 Borrowing Base Collateral Administration 69 6.13 Senior Debt 72 Section 4.15 Schedule Updates 69 6.14 Subordination 72 Section 6.15 Lender Meetings 72 Section 6.16 REIT Status 72 Section 6.17 Syndication 72 ARTICLE 5 - VII. NEGATIVE COVENANTS 70 72 Section 5.1 Debt; Contingent 7.01 Changes in Business 72 Section 7.02 Consolidation, Merger, Acquisitions, Asset Sales, etc 72 Section 7.03 Liens 73 Section 7.04 Indebtedness 74 Section 7.05 Investments and Guaranty Obligations 70 74 Section 5.2 Liens 70 7.06 Restricted Payments 75 Section 5.3 Distributions 70 7.07 Financial Covenants 76 Section 5.4 7.08 Limitation on Certain Restrictive Agreements 70 76 Section 5.5 Payments and Modifications of Subordinated Debt 70 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Section 5.7 Purchase of Assets, Investments 71 Section 5.8 7.09 Transactions with Affiliates 72 77 Section 5.9 Modification of Organizational Documents 72 7.10 Plan Terminations, Minimum Funding, etc 77 Section 5.10 7.11 PAC REIT Covenant 77 Section 7.12 New Mezzanine Loan Documentation; Modification of Certain Agreements 72 78 Section 5.11 Conduct of Business 72 7.13 Bank Accounts 78 Section 5.12 [Reserved] 73 Section 5.13 Limitation on Sale and Leaseback Transactions 73 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 73 Section 5.15 Compliance with 7.14 Anti-Terrorism Laws 73 78 Section 5.16 Agreements Regarding Receivables 74 7.15 Fiscal Year 79 Section 5.17 Permitted Activities 7.16 Issuance of Parent 74 Disqualified Equity Interests 79 ARTICLE VIII. EVENTS OF DEFAULT 79 Section 5.18 Excluded Subsidiaries 74 8.01 Events of Default 79 Section 5.19 Master Services Agreements 75 8.02 Remedies 81 Section 5.20 Palantir 8.03 Application of Certain Payments 75 ARTICLE 6 - FINANCIAL COVENANTS 75 Section 6.1 Fixed Charge Coverage Ratio 75 Section 6.2 Minimum EBITDA 75 Section 6.3 Minimum Availability 76 Section 6.4 Evidence of Compliance 76 Section 6.5 Equity Cure 76 MidCap / Rubicon / Credit, Security and Guaranty AgreementProceeds 82

Appears in 1 contract

Samples: Intercreditor Agreement (Preferred Apartment Communities Inc)

AFFIRMATIVE COVENANTS      62. Section 4.1 4.01 Financial Statements and Other Reports and Notices Information 62 Section 4.2 Payment and Performance 4.02 Notices of Obligations 64 Material Events 63 Section 4.3 Maintenance 4.03 Compliance with Laws 63 Section 4.04 Use of Existence 65 Proceeds 63 Section 4.4 4.05 Maintenance of Property; Insurance 64 Section 4.06 Books and Records; Inspections 64 Section 4.07 Payment of Tax Obligations 64 ARTICLE V FINANCIAL COVENANT 64 Section 5.01 Consolidated Leverage Ratio 65 ARTICLE VI NEGATIVE COVENANTS 65 Section 4.5 Compliance with Laws and Material Contracts 66 6.01 Nature of Business 65 Section 4.6 Inspection of Property, Books and Records 66 6.02 Liens 65 Section 4.7 Use of Proceeds 66 Section 4.8 [Reserved] 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 67 Section 4.10 Hazardous Materials; Remediation 67 Section 4.11 Further Assurances 68 Section 4.12 [Reserved] 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base Collateral Administration 69 Section 4.15 Schedule Updates 69 ARTICLE 5 - NEGATIVE COVENANTS 70 Section 5.1 Debt; Contingent Obligations 70 Section 5.2 Liens 70 Section 5.3 Distributions 70 Section 5.4 Restrictive Agreements 70 Section 5.5 Payments and Modifications of Subordinated Debt 70 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Section 5.7 Purchase of Assets, Investments 71 Section 5.8 6.03 Transactions with Affiliates 72 67 Section 5.9 Modification 6.04 Indebtedness 67 Section 6.05 Restricted Payments 68 Section 6.06 Fundamental Changes 68 Section 6.07 Limitations on Sales and Leasebacks 69 ARTICLE VII CONDITIONS OF LENDING 69 Section 7.01 Conditions Precedent to Effectiveness 69 Section 7.02 Conditions Precedent to Loans 71 ARTICLE VIII EVENTS OF DEFAULT 71 Section 8.01 Events of Organizational Documents 72 Section 5.10 Modification of Certain Agreements 72 Section 5.11 Conduct of Business 72 Section 5.12 [Reserved] Default 71 ARTICLE IX THE AGENTS 73 Section 5.13 Limitation on Sale 9.01 Appointment and Leaseback Transactions Authority 73 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 9.02 Exculpatory Provisions 73 Section 5.15 Compliance with Anti-Terrorism Laws 73 Section 5.16 Agreements Regarding Receivables 9.03 Reliance by Administrative Agent 74 Section 5.17 Permitted Activities 9.04 Delegation of Parent 74 Section 5.18 Excluded Subsidiaries 74 Section 5.19 Master Services Agreements Duties 75 Section 5.20 Palantir Payments 75 ARTICLE 6 - FINANCIAL COVENANTS 9.05 Right to Indemnity 75 Section 6.1 Fixed Charge Coverage Ratio 9.06 Rights as a Lender 75 Section 6.2 Minimum EBITDA 75 Section 6.3 Minimum Availability 9.07 Non-Reliance on Administrative Agent and Other Lenders 76 Section 6.4 Evidence 9.08 Events of Compliance Default 76 Section 6.5 Equity Cure 9.09 Resignation of Administrative Agent 76 MidCap / Rubicon / CreditSection 9.10 No Other Duties, Security Etc. 77 Section 9.11 Administrative Agent May File Proofs of Claim 77 Section 9.12. Certain ERISA Matters. 78 Section 9.13. Erroneous Payments. 79 ARTICLE X MISCELLANEOUS 81 Section 10.01 Notices 81 Section 10.02 Waivers; Amendments; Additional Guarantors 83 Section 10.03 Expenses; Indemnity; Damage Waiver 84 Section 10.04 Successors and Guaranty AgreementAssigns 86 Section 10.05 Survival 90 Section 10.06 Counterparts; Integration; Effectiveness 91 Section 10.07 Severability 91 Section 10.08 Right of Setoff 91 Section 10.09 Governing Law; Jurisdiction; Consent to Service of Process 92 Section 10.10 WAIVER OF JURY TRIAL 92 Section 10.11 Headings 93 Section 10.12 Confidentiality 93 Section 10.13 Replacement of Lenders 94 Section 10.14 USA Patriot Act Notice 95 Section 10.15 No Advisory or Fiduciary Responsibility 95 Section 10.16 Amendment and Restatement 95 Section 10.17 Acknowledgment and Consent to Bail-In of Affected Financial Institution 96

Appears in 1 contract

Samples: Revolving Credit Agreement (Western Midstream Partners, LP)

AFFIRMATIVE COVENANTS      62. Section 4.1 SECTION 5.01. FINANCIAL STATEMENTS AND OTHER INFORMATION 62 (a) Annual Audit 62 (b) Quarterly Financial Statements 62 (c) Compliance Certificate 62 (d) Management Report 62 (e) Public Reports 63 (f) Investment Policy 63 (g) Additional Information 63 SECTION 5.02. NOTICES OF MATERIAL EVENTS 63 (a) Default 63 (b) Notice of Proceedings 63 (c) ERISA Event 63 (d) Material Adverse Effect 63 SECTION 5.03. EXISTENCE; CONDUCT OF BUSINESS 63 SECTION 5.04. PAYMENT OF OBLIGATIONS; NON-QUALIFYING BANK CREDITOR RULES 64 SECTION 5.05. INSURANCE 64 SECTION 5.06. BOOKS AND RECORDS AND INSPECTION 64 SECTION 5.07. COMPLIANCE WITH LAWS 64 SECTION 5.08. USE OF PROCEEDS 64 SECTION 5.09. JOINDER OF SUBSIDIARIES TO THE GUARANTY AGREEMENTS 64 (a) Joinder Tests 64 (b) Joinder of Domestic Subsidiaries 65 (c) Joinder of Foreign Subsidiaries 65 (d) Joinder Under the Aggregation Test 65 (e) Limit on Joinder of Foreign Subsidiaries and Other Reports and Notices 62 Section 4.2 Payment and Performance of Obligations 64 Section 4.3 Maintenance of Existence Joint Ventures 65 Section 4.4 Maintenance of Property; Insurance SECTION 5.10. FURTHER ASSURANCES 65 Section 4.5 Compliance with Laws and Material Contracts 66 Section 4.6 Inspection of Property, Books and Records 66 Section 4.7 Use of Proceeds 66 Section 4.8 [Reserved] 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 67 Section 4.10 Hazardous Materials; Remediation 67 Section 4.11 Further Assurances 68 Section 4.12 [Reserved] 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base Collateral Administration 69 Section 4.15 Schedule Updates 69 ARTICLE 5 - VI. NEGATIVE COVENANTS 66 SECTION 6.01. INDEBTEDNESS 66 TABLE OF CONTENTS, Page iv of vi SECTION 6.02. LIENS 67 SECTION 6.03. FUNDAMENTAL CHANGES 68 SECTION 6.04. INVESTMENTS, LOANS, ADVANCES, GUARANTEES AND ACQUISITIONS 68 SECTION 6.05. ASSET SALES 70 Section 5.1 DebtSECTION 6.06. HEDGE AGREEMENTS 71 SECTION 6.07. RESTRICTED PAYMENTS 71 SECTION 6.08. TRANSACTIONS WITH AFFILIATES 72 SECTION 6.09. RESTRICTIVE AGREEMENTS 72 SECTION 6.10. CHANGE IN FISCAL YEAR 72 ARTICLE VII. FINANCIAL COVENANTS 72 SECTION 7.01. INTEREST COVERAGE RATIO 72 SECTION 7.02. LEVERAGE RATIO 72 ARTICLE VIII. EVENTS OF DEFAULT 73 SECTION 8.01. EVENTS OF DEFAULT; Contingent Obligations 70 Section 5.2 Liens 70 Section 5.3 Distributions 70 Section 5.4 Restrictive Agreements 70 Section 5.5 REMEDIES 73 (a) Principal Payment 73 (b) Interest and Fee Payments and Modifications 73 (c) Representation or Warranties 73 (d) Covenant Violation; Immediate Default 73 (e) Covenant Violation with Cure Period 73 (f) Cross Payment Default 73 (g) Cross Covenant Default 73 (h) Involuntary Bankruptcy 74 (i) Voluntary Bankruptcy 74 (j) Other Insolvency 74 (k) Judgments 74 (l) ERISA Events 74 (m) Invalidity of Subordinated Debt 70 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Section 5.7 Purchase of Assets, Investments 71 Section 5.8 Transactions with Affiliates 72 Section 5.9 Modification of Organizational Loan Documents 72 Section 5.10 Modification of Certain Agreements 72 Section 5.11 Conduct of Business 72 Section 5.12 [Reserved] 73 Section 5.13 Limitation on Sale and Leaseback Transactions 73 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 73 Section 5.15 Compliance with Anti-Terrorism Laws 73 Section 5.16 Agreements Regarding Receivables 74 Section 5.17 Permitted Activities of Parent (n) Material Adverse Effect 74 Section 5.18 Excluded Subsidiaries (o) Change in Control 74 Section 5.19 Master Services Agreements SECTION 8.02. PERFORMANCE BY THE ADMINISTRATIVE AGENT 75 Section 5.20 Palantir Payments SECTION 8.03. LIMITATION ON SEPARATE SUIT 75 ARTICLE 6 - FINANCIAL IX. THE ADMINISTRATIVE AGENT 75 SECTION 9.01. APPOINTMENT 75 SECTION 9.02. RIGHTS AS A LENDER 75 SECTION 9.03. LIMITATION OF DUTIES AND IMMUNITIES 76 SECTION 9.04. RELIANCE ON THIRD PARTIES 76 SECTION 9.05. SUB-AGENTS 76 SECTION 9.06. SUCCESSOR AGENT 76 SECTION 9.07. INDEPENDENT CREDIT DECISIONS 77 SECTION 9.08. OTHER AGENTS 77 SECTION 9.09. POWERS AND IMMUNITIES OF FRONTING PARTIES 77 SECTION 9.10. PERMITTED RELEASE OF SUBSIDIARY LOAN PARTIES 78 SECTION 9.11. LENDER AFFILIATES RIGHTS 78 ARTICLE X. MISCELLANEOUS 78 SECTION 10.01. NOTICES 78 SECTION 10.02. WAIVERS; AMENDMENTS. 79 (a) No Waiver; Rights Cumulative 79 (b) Amendments 79 SECTION 10.03. EXPENSES; INDEMNITY; DAMAGE WAIVER 80 TABLE OF CONTENTS, Page v of vi (a) Expenses 80 (b) Indemnity 80 (c) Lenders’ Agreement to Pay 81 (d) Waiver of Damages 81 (e) Payment 81 SECTION 10.04. SUCCESSORS AND ASSIGNS 81 (a) Successors and Assigns 81 (b) Assignment 82 (c) Participations 83 (d) Pledge 84 SECTION 10.05. SURVIVAL 84 SECTION 10.06. COUNTERPARTS; INTEGRATION; EFFECTIVENESS 84 SECTION 10.07. SEVERABILITY 85 SECTION 10.08. RIGHT OF SETOFF 85 SECTION 10.09. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 85 (a) Governing Law 85 (b) Jurisdiction 85 (c) Venue 86 (d) Service of Process 86 (e) Process Agent 86 SECTION 10.10. WAIVER OF JURY TRIAL 86 SECTION 10.11. HEADINGS 86 SECTION 10.12. CONFIDENTIALITY 86 SECTION 10.13. MAXIMUM INTEREST RATE 87 (a) Limitation to Maximum Rate; Recapture 87 (b) Cure Provisions 87 (c) Canada Interest Rate Provisions 88 SECTION 10.14. NO DUTY 88 SECTION 10.15. NO FIDUCIARY RELATIONSHIP 88 SECTION 10.16. EQUITABLE RELIEF 88 SECTION 10.17. CONSTRUCTION 88 SECTION 10.18. INDEPENDENCE OF COVENANTS 75 Section 6.1 Fixed Charge Coverage Ratio 75 Section 6.2 Minimum EBITDA 75 Section 6.3 Minimum Availability 76 Section 6.4 Evidence 89 SECTION 10.19. USA PATRIOT ACT 89 SECTION 10.20. CANADIAN ANTI-MONEY LAUNDERING LEGISLATION 89 SECTION 10.21. JUDGMENT CURRENCY 89 TABLE OF CONTENTS, Page vi of vi LIST OF SCHEDULES AND EXHIBITS SCHEDULES: Schedule 1.01 – Guarantors Schedule 1.02 – Computation of Mandatory Costs Schedule 2.01 – Commitments Schedule 3.06 – Disclosed Matters Schedule 3.12 – Material Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Investments Schedule 6.09 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Compliance 76 Section 6.5 Equity Cure 76 MidCap / Rubicon / CreditCertificate Exhibit C-1 – Form of US Guaranty Agreement Exhibit C-2 – Form of Foreign Guaranty Agreement Exhibit D – Form of Increased Commitment Supplement Exhibit E – Form of Borrowing Request Exhibit F – Form of Interest Election Request Exhibit G – Form of Borrower Joinder Agreement LIST OF SCHEDULES AND EXHIBITS, Security and Guaranty AgreementSolo Page CREDIT AGREEMENT dated as of January 5, 2011, among:

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

AFFIRMATIVE COVENANTS      62. Section 4.1 7.1 Financial Statements and 62 7.2 Certificates; Other Reports and Information 63 7.3 Notices 62 Section 4.2 Payment and Performance 64 7.4 Preservation of Obligations 64 Section 4.3 Existence, Etc 66 7.5 Maintenance of Existence 65 Section 4.4 Maintenance Property 66 7.6 Property Insurance and Business Interruption Insurance 67 7.7 Payment of Property; Insurance 65 Section 4.5 Liabilities 67 7.8 Compliance with Laws and Material Contracts 66 Section 4.6 67 7.9 Inspection of Property, Property and Books and Records 66 Section 4.7 68 7.10 Use of Proceeds 66 Section 4.8 [Reserved] 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 67 Section 4.10 Hazardous Materials; Remediation 67 Section 4.11 68 7.11 Further Assurances 68 Section 4.12 [Reserved] 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base 7.12 Additional Collateral Administration 69 Section 4.15 Schedule Updates 69 ARTICLE 5 - NEGATIVE COVENANTS 70 Section 5.1 Debt; Contingent Obligations 70 Section 5.2 Liens 70 Section 5.3 Distributions 70 Section 5.4 Restrictive Agreements 70 Section 5.5 Payments and Modifications of Subordinated Debt 70 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Section 5.7 Purchase of Assets, Investments 71 Section 5.8 Transactions with Affiliates 72 Section 5.9 Modification of Organizational Documents 72 Section 5.10 Modification of Certain Agreements 72 Section 5.11 Conduct of Business 72 Section 5.12 [Reserved] 73 Section 5.13 Limitation on Sale and Leaseback Transactions 73 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 73 Section 5.15 Compliance with 68 7.13 Anti-Terrorism Laws 70 7.14 Fees and Expenses 70 7.15 Taxes 71 7.16 Right of First Refusal 71 7.17 Regulatory Disclosures 71 7.18 Board Observer 72 7.19 Financial Covenants 72 7.20 Post Closing Matters 73 Section 5.16 7.21 Chief Restructuring Officer; Turnaround Plan; Executive Personnel 73 ARTICLE VIII Negative Covenants 74 8.1 Liens 74 8.2 Indebtedness 75 8.3 Disposition of Assets 76 8.4 Consolidations, Conversions and Mergers 79 8.5 Loans and Investments 79 8.6 Transactions with Affiliates 80 8.7 Use of Proceeds 80 8.8 Contingent Obligations 80 8.9 Compliance with ERISA 80 8.10 Restricted Payments 81 8.11 Change in Business 81 8.12 Change in Structure 81 8.13 Accounting Changes; Fiscal Year 81 8.14 Subsidiaries 81 8.15 Environmental 81 8.16 Limits on Restrictive Agreements Regarding Receivables 74 Section 5.17 Permitted 82 8.17 Sale-Leaseback Transactions 82 8.18 No Other Negative Pledges 82 8.19 Press Release 82 8.20 Changes to Certain Documents; New Material Agreements 83 8.21 Limitations on Activities of Parent 74 Section 5.18 Excluded Subsidiaries 74 Section 5.19 Master Services Agreements 75 Section 5.20 Palantir Payments 75 ARTICLE 6 - FINANCIAL COVENANTS 75 Section 6.1 Fixed Charge Coverage Ratio 75 Section 6.2 Minimum EBITDA 75 Section 6.3 Minimum Availability 76 Section 6.4 Evidence Certain Credit Parties 83 8.22 Issuance of Compliance 76 Section 6.5 Equity Cure 76 MidCap / Rubicon / Credit, Security and Guaranty AgreementSecurities 83

Appears in 1 contract

Samples: Securities Purchase Agreement

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AFFIRMATIVE COVENANTS      62. Section 4.1 5.01 Financial Statements Statements; Ratings Change and Other Reports and Notices Information 62 Section 4.2 5.02 Notices of Material Events 63 Section 5.03 Existence; Conduct of Business 64 Section 5.04 Payment and Performance of Obligations 64 Section 4.3 5.05 Maintenance of Existence 65 Section 4.4 Maintenance of PropertyProperties; Insurance 65 64 Section 4.5 5.06 Books and Records; Inspection Rights 64 Section 5.07 Compliance with Laws and Material Contracts 66 65 Section 4.6 Inspection of Property, Books and Records 66 Section 4.7 5.08 Use of Proceeds and Letters of Credit. 65 Section 5.09 Additional Subsidiaries 65 Section 5.10 Further Assurances 66 Section 4.8 [Reserved] ARTICLE VI. NEGATIVE COVENANTS 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 6.01 Indebtedness; Equity 67 Section 4.10 Hazardous Materials; Remediation 67 Section 4.11 Further Assurances 6.02 Liens. 68 Section 4.12 [Reserved] 6.03 Fundamental Changes 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base Collateral Administration 69 Section 4.15 Schedule Updates 69 ARTICLE 5 - NEGATIVE COVENANTS 6.04 Investments, Loans, Advances, Guarantees and Acquisitions 70 Section 5.1 Debt; Contingent Obligations 70 Section 5.2 Liens 70 Section 5.3 Distributions 70 Section 5.4 Restrictive 6.05 Swap Agreements 70 Section 5.5 Payments and Modifications of Subordinated Debt 70 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Section 5.7 Purchase of Assets, Investments 6.06 Restricted Payments 71 Section 5.8 6.07 Transactions with Affiliates 71 Section 6.08 Restrictive Agreements 71 Section 6.09 Sale of Assets 72 Section 5.9 Modification of 6.10 Amendment to Organizational Documents 72 Section 5.10 Modification of Certain Agreements 6.11 Subordinated Indebtedness 72 Section 5.11 Conduct of Business 72 Section 5.12 [Reserved] 6.12 Accounting Changes 73 Section 5.13 Limitation on 6.13 Sale and Leaseback Transactions 73 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 6.14 Leverage Ratio 73 Section 5.15 Compliance with Anti-Terrorism Laws 73 Section 5.16 Agreements Regarding Receivables 74 Section 5.17 Permitted Activities of Parent 74 Section 5.18 Excluded Subsidiaries 74 Section 5.19 Master Services Agreements 75 Section 5.20 Palantir Payments 75 ARTICLE 6 - FINANCIAL COVENANTS 75 Section 6.1 6.15 Fixed Charge Coverage Ratio 75 73 ARTICLE VII. EVENTS OF DEFAULT 73 ARTICLE VIII. THE ADMINISTRATIVE AGENT 76 ARTICLE IX. MISCELLANEOUS 78 Section 6.2 Minimum EBITDA 75 9.01 Notices 78 Section 6.3 Minimum Availability 76 9.02 Waivers; Amendments 79 Section 6.4 Evidence 9.03 Expenses; Indemnity; Damage Waiver 80 Section 9.04 Successors and Assigns 82 Section 9.05 Survival 84 Section 9.06 Counterparts; Integration; Effectiveness 85 Section 9.07 Severability 85 Section 9.08 Right of Compliance 76 Setoff 85 Section 6.5 Equity Cure 76 MidCap / Rubicon / Credit, Security 9.09 Governing Law; Jurisdiction; Consent to Service of Process 86 Section 9.10 WAIVER OF JURY TRIAL 86 Section 9.11 Headings 87 Section 9.12 Confidentiality 87 Section 9.13 Interest Rate Limitation 87 Section 9.14 USA PATRIOT Act 88 Section 9.15 Mandatory Costs 88 Section 9.16 Collateral and Guaranty AgreementRelease 90 ARTICLE X. CROSS-GUARANTY 90 Section 10.01 Cross-Guaranty 90 Section 10.02 Waivers by Borrower 91 Section 10.03 Benefit of Guaranty 91 Section 10.04 Postponement of Subrogation, Etc. 91 Section 10.05 Election of Remedies 91 Section 10.06 Liability Cumulative 92 Section 10.07 Several Obligations of the UK Borrower 92 ARTICLE XI. COLLECTION ALLOCATION MECHANISM 92 Section 11.01 Implementation of CAM 92 Section 11.02 Letters of Credit 93 SCHEDULES: Schedule 2.01 — Commitments Schedule 2.06 — Existing Letters of Credit Schedule 2.19 — Agents’ Account Information Schedule 3.06 — Disclosed Matters Schedule 3.12 — Subsidiaries, Ventures and Affiliates Schedule 6.01 — Existing Indebtedness Schedule 6.02 — Existing Liens Schedule 6.04 — Investments Schedule 6.08 — Existing Restrictions EXHIBIT: Exhibit A — Form of Assignment and Assumption Exhibit B — Form of Increased Commitment Supplement CREDIT AGREEMENT dated as of November 10, 2006, among MPS GROUP, INC., MPS GROUP INTERNATIONAL PLC, the LENDERS party hereto, X.X. XXXXXX EUROPE LIMITED, as European Agent and JPMORGAN CHASE BANK, N.A., as Administrative Agent. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (MPS Group Inc)

AFFIRMATIVE COVENANTS      62. Section 4.1 Financial Statements 7.1. Preservation of Existence and Other Reports and Notices Similar Matters 62 Section 4.2 Payment and Performance of Obligations 64 Section 4.3 Maintenance of Existence 65 Section 4.4 Maintenance of Property; Insurance 65 Section 4.5 7.2. Compliance with Laws Applicable Law and Material Contracts 66 62 Section 4.6 Inspection 7.3. Maintenance of Property, Property 62 Section 7.4. Conduct of Business 62 Section 7.5. Insurance 62 Section 7.6. Payment of Taxes and Claims 62 Section 7.7. Visits and Inspections 63 Section 7.8. Use of Proceeds; Letters of Credit 63 Section 7.9. Environmental Matters 63 Section 7.10. Books and Records 64 Section 7.11. Further Assurances 64 Section 7.12. Release of a Guarantor 64 Section 7.13. REIT Status 64 Section 7.14. Exchange Listing 64 Section 7.15. Addition of Borrowing Base Assets 65 Section 7.16. Removal of Borrowing Base Assets 66 Section 4.7 Use 7.17. Failure of Proceeds Certain Borrowing Base Assets Representations and Warranties 66 ARTICLE VIII. - INFORMATION 66 Section 4.8 [Reserved] 8.1. Quarterly Financial Statements 66 Section 8.2. Year-End Statements 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 8.3. Compliance Certificate 67 Section 4.10 Hazardous Materials; Remediation 8.4. Other Information 67 Section 4.11 Further Assurances 68 Section 4.12 [Reserved] 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base Collateral Administration 69 Section 4.15 Schedule Updates 69 ARTICLE 5 IX. - NEGATIVE COVENANTS 70 Section 5.1 Debt; Contingent Obligations 9.1. Financial Covenants 70 Section 5.2 Liens 70 9.2. Restricted Payments 71 Section 5.3 Distributions 70 9.3. Indebtedness 72 Section 5.4 Restrictive Agreements 70 9.4. Certain Permitted Investments 72 Section 5.5 Payments and Modifications of Subordinated Debt 70 9.5. Investments Generally 73 Section 5.6 Consolidations9.6. Liens; Negative Pledges; Other Matters 73 Section 9.7. Merger, Mergers and Consolidation, Sales of Assets 71 and Other Arrangements 74 Section 5.7 Purchase 9.8. Fiscal Year 75 Section 9.9. Modifications to Material Contracts 75 Section 9.10. Modifications of Assets, Investments 71 Organizational Documents 75 Section 5.8 9.11. Transactions with Affiliates 72 75 Section 5.9 Modification 9.12. ERISA Exemptions 76 ARTICLE X. - DEFAULT 76 Section 10.1. Events of Organizational Documents 72 Default 76 Section 5.10 Modification 10.2. Remedies Upon Event of Default 79 - -ii - Section 10.3. Remedies Upon Default 80 Section 10.4. Allocation of Proceeds 80 Section 10.5. Performance by Agent 81 Section 10.6. Rights Cumulative 81 Section 10.7. Marshaling; Payments Set Aside 81 ARTICLE XI. - THE AGENT 82 Section 11.1. Authorization and Action 82 Section 11.2. Agent's Reliance, Etc. 82 Section 11.3. Notice of Defaults 83 Section 11.4. KeyBank as Lender 83 Section 11.5. Approvals of Lenders 84 Section 11.6. Lender Credit Decision, Etc. 84 Section 11.7. Indemnification of Agent 85 Section 11.8. Successor Agent 85 Section 11.9. Titled Agents 86 ARTICLE XII. - MISCELLANEOUS 87 Section 12.1. Notices 87 Section 12.2. Expenses 88 Section 12.3. Setoff 89 Section 12.4. Litigation; Jurisdiction; Other Matters; Waivers 89 Section 12.5. Successors and Assigns 90 Section 12.6. Amendments 94 Section 12.7. Nonliability of Agent and Lenders 96 Section 12.8. Confidentiality 96 Section 12.9. Indemnification 97 Section 12.10. Termination; Survival 99 Section 12.11. Severability of Provisions 99 Section 12.12. GOVERNING LAW 99 Section 12.13. Patriot Act 99 Section 12.14. Electronic Delivery of Certain Agreements 72 Information 100 Section 5.11 Conduct 12.15. Public/Private Information 100 Section 12.16. Counterparts 101 Section 12.17. Obligations with Respect to Loan Parties 101 Section 12.18. Independence of Business 72 Covenants 101 Section 5.12 [Reserved] 73 12.19. Limitation of Liability 101 Section 5.13 Limitation 12.20. Entire Agreement 101 Section 12.21. Construction 101 Section 12.22. Time is of the Essence 102 Section 12.23. Headings 102 Section 12.24. Collateral/Intercreditor 102 Section 12.25. Effect on Sale Existing Credit Agreement 102 - -iii - SCHEDULE 1.1(A)List of Loan Parties SCHEDULE 6.1.(b)Ownership Structure SCHEDULE 6.1.(f)Title to Properties; Liens SCHEDULE 6.1.(g)Indebtedness and Leaseback Transactions 73 Section 5.14 Deposit Accounts Guaranties SCHEDULE 6.1.(h)Material Contracts SCHEDULE 6.1.(i)Litigation SCHEDULE ELC KeyBank Existing LC's EXHIBIT AForm of Assignment and Securities Accounts; Payroll and Benefits Accounts 73 Section 5.15 Compliance with Anti-Terrorism Laws 73 Section 5.16 Agreements Regarding Receivables 74 Section 5.17 Permitted Activities Assumption EXHIBIT BForm of Parent 74 Section 5.18 Excluded Subsidiaries 74 Section 5.19 Master Services Agreements 75 Section 5.20 Palantir Payments 75 ARTICLE 6 - FINANCIAL COVENANTS 75 Section 6.1 Fixed Charge Coverage Ratio 75 Section 6.2 Minimum EBITDA 75 Section 6.3 Minimum Availability 76 Section 6.4 Evidence Notice of Borrowing EXHIBIT CForm of Notice of Continuation EXHIBIT DForm of Notice of Conversion EXHIBIT EForm of Note EXHIBIT FForm of Opinion of Counsel EXHIBIT GForm of Compliance 76 Certificate EXHIBIT HForm of Guaranty EXHIBIT IForm of Borrowing Base Certificate EXHIBIT JRepresentations and Warranties relating to Borrowing Base Assets EXHIBIT KInitial Borrowing Base Assets THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT AMENDS AND RESTATES THAT CERTAIN AMENDED AND RESTATED CREDIT AGREEMENT DATED JANUARY 13, 2012 (AS SAME WAS AMENDED FROM TIME TO TIME), ENTERED INTO BETWEEN LEXINGTON REALTY TRUST AND CERTAIN OF ITS SUBSIDIARIES, AS BORROWER, KEYBANK NATIONAL ASSOCIATION, AS AGENT, XXXXX FARGO SECURITIES, AS SYNDICATION AGENT, AND KEYBANC CAPITAL MARKETS AND XXXXX FARGO SECURITIES, AS CO-BOOKRUNNERS AND CO-LEAD ARRANGERS, AND THE VARIOUS LENDERS PARTY THERETO SECOND AMENDED AND RESTATED CREDIT AGREEMENT THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of February 12, 2013 by and among LEXINGTON REALTY TRUST, a real estate investment trust formed under the laws of the State of Maryland (the “Trust”), LEPERCQ CORPORATE INCOME FUND L.P., a limited partnership formed under the laws of the State of Delaware (“LCIF”), and LEPERCQ CORPORATE INCOME FUND II L.P., a limited partnership formed under the laws of the State of Delaware (“LCIFII”; collectively with the Trust and LCIF, the “Borrowers” and each a “Borrower”), KEYBANC CAPITAL MARKETS and XXXXX FARGO SECURITIES, LLC, as Co-Lead Arrangers and Co-BookRunners (collectively, the “Arrangers”), KEYBANK NATIONAL ASSOCIATION, as Agent (the “Agent”), XXXXX FARGO SECURITIES, LLC, as Syndication Agent, and each of the financial institutions initially a signatory hereto together with their assignees pursuant to Section 6.5 Equity Cure 76 MidCap / Rubicon / Credit, Security and Guaranty Agreement12.5.

Appears in 1 contract

Samples: Credit Agreement (Lexington Realty Trust)

AFFIRMATIVE COVENANTS      62. Section 4.1 Financial Statements and Other Reports and Notices Notices. Each Borrower will deliver to Agent: 62 Section 4.2 Payment and Performance of Obligations 64 Section 4.3 Maintenance of Existence 65 Section 4.4 Maintenance of Property; Insurance 65 Section 4.5 Compliance with Laws and Material Contracts 66 Section 4.6 Inspection of Property, Books and Records 66 Section 4.7 Use of Proceeds 66 67 Section 4.8 [Reserved] Reserved 67 Section 4.9 Notices of Material Contracts, Litigation and Defaults 67 Section 4.10 Hazardous Materials; Remediation 67 68 Section 4.11 Further Assurances Assurances; Joinder 68 Section 4.12 [Reserved] Reserved 69 Section 4.13 Power of Attorney 69 Section 4.14 Borrowing Base Collateral Administration 69 70 Section 4.15 Schedule Updates 69 [Reserved 70 Section 4.16 Intellectual Property and Licensing 70 Section 4.17 Regulatory Covenants 71 ARTICLE 5 - NEGATIVE COVENANTS 70 72 Section 5.1 Debt; Contingent Obligations 70 72 Section 5.2 Liens 70 72 Section 5.3 Distributions 70 72 Section 5.4 Restrictive Agreements 70 72 Section 5.5 Payments and Modifications of Subordinated Debt 70 72 Section 5.6 Consolidations, Mergers and Sales of Assets 71 Assets; 73 Section 5.7 Purchase of Assets, Investments 71 73 Section 5.8 Transactions with Affiliates 72 74 Section 5.9 Modification of Organizational Documents 72 74 Section 5.10 Modification of Certain Agreements 72 [Reserved] 74 Section 5.11 Conduct of Business 72 74 Section 5.12 [Reserved] 73 Reserved 74 Section 5.13 Limitation on Sale and Leaseback Transactions 73 74 Section 5.14 Deposit Accounts and Securities Accounts; Payroll and Benefits Accounts 73 74 Section 5.15 Compliance with Anti-Terrorism Laws 73 75 Section 5.16 Change in Accounting 75 Section 5.17 Investment Company Act 75 Section 5.18 Restricted Foreign Subsidiaries 75 Section 5.19 [Reserved] 76 Section 5.20 Agreements Regarding Receivables 74 Section 5.17 Permitted Activities of Parent 74 Section 5.18 Excluded Subsidiaries 74 Section 5.19 Master Services Agreements 75 Section 5.20 Palantir Payments 75 76 ARTICLE 6 - FINANCIAL COVENANTS 75 76 Section 6.1 Fixed Charge Coverage Ratio 75 Minimum Net Product Sales 76 Section 6.2 Minimum Consolidated EBITDA 75 76 Section 6.3 Minimum Availability 76 Section 6.4 Evidence of Compliance 76 ARTICLE 7 - CONDITIONS 77 Section 6.5 Equity Cure 76 MidCap / Rubicon / Credit7.1 Conditions to Closing 77 Section 7.2 Conditions to Each Loan 77 Section 7.3 Searches 78 Section 7.4 Post-Closing Requirements 78 ARTICLE 8 - [RESERVED] 79 ARTICLE 9 - SECURITY AGREEMENT 79 Section 9.1 Generally 79 Section 9.2 Representations and Warranties and Covenants Relating to Collateral 79 ARTICLE 10 EVENTS OF DEFAULT 83 Section 10.1 Events of Default 83 Section 10.2 Acceleration and Suspension or Termination of Revolving Loan Commitment 85 Section 10.3 UCC Remedies 85 Section 10.4 [Reserved.] 87 Section 10.5 Default Rate of Interest 87 Section 10.6 Setoff Rights 87 Section 10.7 Application of Proceeds 88 Section 10.8 Waivers 88 Section 10.9 Injunctive Relief 90 Section 10.10 Marshalling; Payments Set Aside 90 ARTICLE 11 - AGENT 90 Section 11.1 Appointment and Authorization 90 Section 11.2 Agent and Affiliates 91 Section 11.3 Action by Agent 91 Section 11.4 Consultation with Experts 91 Section 11.5 Liability of Agent 91 Section 11.6 Indemnification 91 Section 11.7 Right to Request and Act on Instructions 92 Section 11.8 Credit Decision 92 Section 11.9 Collateral Matters 92 Section 11.10 Agency for Perfection 92 Section 11.11 Notice of Default 93 Section 11.12 Assignment by Agent; Resignation of Agent; Successor Agent 93 Section 11.13 Payment and Sharing of Payment 94 Section 11.14 Right to Perform, Security Preserve and Guaranty Protect 96 Section 11.15 Additional Titled Agents 96 Section 11.16 Amendments and Waivers 97 Section 11.17 Assignments and Participations 98 Section 11.18 Funding and Settlement Provisions Applicable When Non-Funding Lenders Exist 101 ARTICLE 12 - MISCELLANEOUS 101 Section 12.1 Survival 101 Section 12.2 No Waivers 101 Section 12.3 Notices 102 Section 12.4 Severability 102 Section 12.5 Headings 102 Section 12.6 Confidentiality 103 Section 12.7 Waiver of Consequential and Other Damages 103 Section 12.8 GOVERNING LAW; SUBMISSION TO JURISDICTION 104 Section 12.9 WAIVER OF JURY TRIAL 104 Section 12.10 Publication; Advertisement 105 Section 12.11 Counterparts; Integration 105 Section 12.12 No Strict Construction 105 Section 12.13 Lender Approvals 105 Section 12.14 Expenses; Indemnity 106 Section 12.15 Reinstatement 107 Section 12.16 Successors and Assigns 108 Section 12.17 USA PATRIOT Act Notification 108 Section 12.18 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 108 CREDIT AND SECURITY AGREEMENT (REVOLVING LOAN) This CREDIT AND SECURITY AGREEMENT (REVOLVING LOAN) (as the same may be amended, supplemented, restated or otherwise modified from time to time, the “Agreement”) is dated as of May 6, 2021 by and among PARAGON 28, INC., a Colorado corporation, and each additional borrower that may hereafter be added to this Agreement (each individually as a “Borrower”, and collectively with any entities that become party hereto as Borrower and each of their successors and permitted assigns, the “Borrowers”), MIDCAP FINANCIAL TRUST, a Delaware statutory trust, individually as a Lender, and as Agent, and the financial institutions or other entities from time to time parties hereto, each as a Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Paragon 28, Inc.)

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