Borrowings and Guaranties. 28 Section 7.16. Investments, Loans, Advances and Acquisitions .............29 Section 7.17. Sale of Property ..........................................30 Section 7.18. Notice of Suit or Adverse Change in Business or Default ...30 Section 7.19. ERISA .....................................................30 Section 7.20. Supplemental Performance ..................................30 Section 7.21. Use of Proceeds ...........................................31 Section 7.22. Compliance with Laws, etc. ................................31 Section 7.23. Environmental Covenant ....................................31 Section 7.24. Hedging ...................................................31 Section 7.25. Subsidiaries ..............................................31 Section 7.26. Preservation of Cooperative Status ........................32 Section 7.27. Post-Closing Matters ......................................32 SECTION 8. EVENTS OF DEFAULT AND REMEDIES ............................32 Section 8.1. Definitions ...............................................32 Section 8.2. Remedies for Non-Bankruptcy Defaults ......................33 Section 8.3. Remedies for Bankruptcy Defaults ..........................34
Appears in 1 contract
Samples: Secured Credit Agreement (Minnesota Corn Processors LLC)
Borrowings and Guaranties. 28 33 Section 7.167.10. Investments, Loans, Advances and Acquisitions .............29 Acquisitions..............................................33 Section 7.177.11. Sale of Property ..........................................30 Property...........................................................................35 Section 7.187.12. Notice of Suit or Adverse Change in Business or Default ...30 Default....................................35 Section 7.197.13. ERISA .....................................................30 ERISA......................................................................................35 Section 7.20. Supplemental Performance ..................................30 Section 7.217.14. Use of Proceeds ...........................................31 Proceeds............................................................................36 Section 7.227.15. Compliance with Laws, etc..................................................................36 Section 7.16. ................................31 Sale and Leaseback Transactions............................................................36 Section 7.237.17. Environmental Covenant ....................................31 Triad Chemical Product Withdrawal Agreement................................................36 Section 7.247.18. Hedging ...................................................31 Fiscal Quarters............................................................................36 Section 7.257.19 New Subsidiaries...........................................................................36 Section 7.20. Subsidiaries ..............................................31 Section 7.26. Preservation of Cooperative Status ........................32 Section 7.27. Post-Closing Matters ......................................32 Dividends and Certain Other Restricted Payments............................................36 SECTION 8. EVENTS OF DEFAULT AND REMEDIES ............................32 Section 8.1. Definitions ...............................................32 Section 8.2. Remedies for Non-Bankruptcy Defaults ......................33 Section 8.3. Remedies for Bankruptcy Defaults ..........................34REMEDIES..................................................................36
Appears in 1 contract
Borrowings and Guaranties. 28 38 Section 7.167.11. Investments, Loans, Advances and Acquisitions .............29 Acquisitions.................................... 39 Section 7.177.12. Sale of Property ..........................................30 Property................................................................. 40 Section 7.187.13. Notice of Suit or Adverse Change in Business or Default ...30 Default.......................... 41 Section 7.197.14. ERISA .....................................................30 ERISA............................................................................ 41 Section 7.20. Supplemental Performance ..................................30 Section 7.217.15. Use of Proceeds ...........................................31 Proceeds.................................................................. 41 Section 7.227.16. Compliance with Laws, etc........................................................ 42 Section 7.17. ................................31 Sale and Leaseback Transactions.................................................. 42 Section 7.18. Fiscal Quarters.................................................................. 42 Section 7.19. New Subsidiaries................................................................. 42 Section 7.20. Maximum Leverage Ratio........................................................... 42 Section 7.21. Minimum Interest Coverage Ratio.................................................. 42 Section 7.22. Minimum Tangible Net Worth....................................................... 42 Section 7.23. Environmental Covenant ....................................31 Operating Leases................................................................. 43 Section 7.24. Hedging ...................................................31 No Restrictions on Subsidiaries.................................................. 43 Section 7.25. Subsidiaries ..............................................31 Section 7.26. Preservation of Cooperative Status ........................32 Section 7.27. Post-Closing Matters ......................................32 SECTION 8. EVENTS OF DEFAULT AND REMEDIES ............................32 Events of Default and Remedies................................................... 43 Section 8.1. Definitions ...............................................32 Definitions...................................................................... 43 Section 8.2. Remedies for Non-Bankruptcy Defaults ......................33 Defaults............................................. 45 Section 8.3. Remedies for Bankruptcy Defaults ..........................34.
Appears in 1 contract
Borrowings and Guaranties. 28 32 Section 7.16. Investments, Loans, Advances and Acquisitions .............29 Acquisitions.33 Section 7.17. Sale of Property ..........................................30 Property..............................35 Section 7.18. Notice of Suit or Adverse Change in Business or Default ...30 Default.......................35 Section 7.19. ERISA .....................................................30 ERISA.........................................35 Section 7.20. Supplemental Performance ..................................30 Performance......................35 Section 7.21. Use of Proceeds ...........................................31 Proceeds...............................35 Section 7.22. Compliance with Laws, etc. ................................31 .....................36 Section 7.23. Environmental Covenant ....................................31 Covenant........................36 Section 7.24. Hedging ...................................................31 Section 7.25. Subsidiaries ..............................................31 Section 7.26. Preservation of Cooperative Status ........................32 Section 7.27. Post-Closing Matters ......................................32 No Restrictions on Subsidiaries...............36 SECTION 8. EVENTS OF DEFAULT AND REMEDIES ............................32 REMEDIES....................37 Section 8.1. Definitions ...............................................32 Definitions...................................37 Section 8.2. Remedies for Non-Bankruptcy Defaults ......................33 Defaults..........39 Section 8.3. Remedies for Bankruptcy Defaults ..........................34Defaults..............39 Section 8.4. L/Cs..........................................39
Appears in 1 contract
Samples: Secured Credit Agreement (Maverick Tube Corporation)