Common use of CARES Act Indebtedness Clause in Contracts

CARES Act Indebtedness. (a) Comply, in all material respects, with the SBA’s terms and conditions applicable to any CARES Act Indebtedness. (b) Use the proceeds of any CARES Act Indebtedness solely for “allowable uses” of proceeds of an SBA PPP Loan as described in Section 1102 of the CARES Act. (c) To the extent eligible, promptly use commercially reasonable efforts to apply for forgiveness of any CARES Act Indebtedness and submit all documents required to obtain forgiveness or other relief of such CARES Act Indebtedness by all deadlines required by the CARES Act (and provide documentation and status of such forgiveness to the Agent upon the Agent's reasonable request). (d) Promptly (and in any event within 5 Business Days) upon execution and delivery thereof, provide copies of any material amendments, modifications, waivers, supplements or consents executed and delivered with respect to any CARES Act Indebtedness, and copies of any notices of default received by any Loan Party with respect to any CARES Act Indebtedness. (e) Promptly (and in any event within 5 Business Days) upon receipt or delivery thereof, provide copies of all material documents, applications and correspondence with any applicable lender or any applicable Governmental Authority received or delivered relating to any CARES Act Indebtedness, including with respect to loan forgiveness with respect to any CARES Act Indebtedness.

CARES Act Indebtedness. 137907439v16 (a) Comply, in all material respects, with the SBA’s terms and conditions applicable to any CARES Act Indebtedness. (b) Use the proceeds of any CARES Act Indebtedness solely for “allowable uses” of proceeds of an SBA PPP Loan as described in Section 1102 of the CARES Act. (c) To the extent eligible, promptly use commercially reasonable efforts to apply for forgiveness of any CARES Act Indebtedness and submit all documents required to obtain forgiveness or other relief of such CARES Act Indebtedness by all deadlines required by the CARES Act (and provide documentation and status of such forgiveness to the Administrative Agent upon the Administrative Agent's reasonable request). (d) Promptly (and in any event within 5 Business Days) upon execution and delivery thereof, provide copies of any material amendments, modifications, waivers, supplements or consents executed and delivered with respect to any CARES Act Indebtedness, and copies of any notices of default received by any Loan Party with respect to any CARES Act Indebtedness. (e) Promptly (and in any event within 5 Business Days) upon receipt or delivery thereof, provide copies of all material documents, applications and correspondence with any applicable lender or any applicable Governmental Authority received or delivered relating to any CARES Act Indebtedness, including with respect to loan forgiveness with respect to any CARES Act Indebtedness.

CARES Act Indebtedness. (a) Comply, in all material respects, with the SBA’s terms and conditions applicable to any CARES Act Indebtedness. (b) Use the proceeds of any CARES Act Indebtedness solely for “allowable uses” of proceeds of an SBA PPP Loan as described in Section 1102 of the CARES Act. (c) To the extent eligible, promptly use commercially reasonable efforts to apply for forgiveness of any CARES Act Indebtedness and submit all documents required to obtain forgiveness or other relief of such CARES Act Indebtedness by all deadlines required by the CARES Act (and provide documentation and status of such forgiveness to the Administrative Agent upon the Administrative Agent's reasonable request). (d) Promptly (and in any event within 5 Business Days) upon execution and delivery thereof, provide copies of any material amendments, modifications, waivers, supplements or consents executed and delivered with respect to any CARES Act 142901395v2 Indebtedness, and copies of any notices of default received by any Loan Party with respect to any CARES Act Indebtedness. (e) Promptly (and in any event within 5 Business Days) upon receipt or delivery thereof, provide copies of all material documents, applications and correspondence with any applicable lender or any applicable Governmental Authority received or delivered relating to any CARES Act Indebtedness, including with respect to loan forgiveness with respect to any CARES Act Indebtedness.

CARES Act Indebtedness. (a) Comply, in all material respects, with the SBA’s terms and conditions applicable to any CARES Act Indebtedness. (b) Use the proceeds of any CARES Act Indebtedness solely for “allowable uses” of proceeds of an SBA PPP Loan as described in Section 1102 of the CARES Act. (c) To the extent eligible, promptly use commercially reasonable efforts to apply for forgiveness of any CARES Act Indebtedness and submit all documents required to obtain forgiveness or other relief of such CARES Act Indebtedness by all deadlines required by the CARES Act (and provide documentation and status of such forgiveness to the Administrative Agent upon the Administrative Agent's reasonable request). (d) Promptly (and in any event within 5 Business Days) upon execution and delivery thereof, provide copies of any material amendments, modifications, waivers, supplements or consents executed and delivered with respect to any CARES Act Indebtedness, and copies of any notices of default received by any Loan Party with respect to any CARES Act Indebtedness. (e) Promptly (and in any event within 5 Business Days) upon receipt or delivery thereof, provide copies of all material documents, applications and correspondence with any applicable lender or any applicable Governmental Authority received or delivered relating to any CARES Act Indebtedness, including with respect to loan forgiveness with respect to any CARES Act Indebtedness.