Common use of Covenants and Other Agreements Clause in Contracts

Covenants and Other Agreements. 16 5.1 General 16 5.1.1 Closing Cooperation / Access to information 16 5.1.2 Filings and Approvals 17 5.1.3 Revised Schedules 17 5.1.4 Public Announcements 18 5.2 Conduct of Business 18 5.3 Transaction Expenses 19 5.4 Confidentiality 19 5.5 Warranty Liabilities and Known Product Defects 20 5.5.1 Standard Warranty Liabilities 20 5.5.2 Extended Warranty Liabilities 20 5.5.3 Known Product Defects 20 5.6 Adjustment 21 5.7 Certain Payments Received from Third Parties 22 5.8 Consents — Seller Contracts 22 5.9 Bundled Contracts 23 5.10 Insurance 23 5.11 Additional Equipment 23 5.12 Additional Inventory 24 5.13 Invoices 24 5.14 Release of Permitted Liens 25 5.15 Transition 25 5.16 Additional Covenants 25 8.1 Transfer Taxes 27 8.2 Transfer Tax Indemnity 28 8.3 Tax Characterization of Certain Payments and Credits 28 8.4 Tax Responsibility 29 8.5 Tax Credits; Tax Refunds 29 8.6 Notices 29 9.1 Indemnification Obligations 30 9.1.1 Indemnification by the Seller 30 9.1.2 Indemnification by the Purchaser 30 9.1.3 Indemnification under the Other Transaction Documents 30 9.2 Limitations on Indemnification 31 9.2.1 Monetary Limitations 31 9.2.2 Time Period for Claims 31 9.2.3 Disclosures 32 9.3 Defense of Third Party Actions 32 9.4 Cooperation 32 9.5 Sole Remedy 33 9.6 Calculation of Loss 33 9.7 Mitigation obligation 33 9.8 Limitations on Losses 33 9.9 Assignment of Claims 34 11.1 Termination 35 11.2 Rights on Termination 35 11.3 Remedies 35 11.4 Consent to Amendments; Waivers 36 11.5 Successors and Assigns 36 11.6 Third Party Rights 36 11.7 Time of the Essence 36 11.8 Governing Law; Submission to Jurisdiction 36 11.9 Notices 37 11.10 Schedules 37 11.11 Counterparts 37 11.12 Construction; Joint Drafting 37 11.13 Severability 38 11.14 Headings 38 11.15 Entire Agreement 38 0 Transfer of the New Shares 50 1 Title to Tangible Assets 50 2 Seller Contracts 50 3 Intellectual Property 51 4 Litigation 52 5 Nokia O2 52 6. Intentionally omitted 52 7 Inventory 52 8 Owned Equipment 52 9 Financial Information 52 10 Actions Since Financial Statements 53 11 Compliance with Laws 53 12 Absence of certain Commercial Practices 54 13 Insolvency 54 14 Nortel Products 54 15 Product Development 54 16 Subsidies 54 17 Sales of the Seller 54 18 Accuracy of Disclosure 55 19 Supplier Contracts 55 20 LG-Nortel Supply 55 21 Representations and Warranties 55 • Alcatel Lucent, a société anonyme organized under the laws of France, registered with the Paris Registry of Companies under number B 542 019 096, with offices 50 xxx xx Xxxxxx, 00000 Xxxxx (“Purchaser”), • Nortel Networks Limited, a corporation organized under the laws of Canada, with offices at 100 Xxx Xxxx Xxxx, X00-00-000, Xxxxxxx, Xxxxxxx X0X 0X0, Xxxxxx (“Seller”),

Covenants and Other Agreements. 16 5.1 General 16 5.1.1 Section 6.01. COVENANTS OF THE CONTRIBUTOR 27 Section 6.02. COMMERCIALLY REASONABLE EFFORTS BY THE OPERATING PARTNERSHIP AND EACH CONTRIBUTOR 28 Section 6.03. TAX AGREEMENT 28 Section 8.01. NOTICES 29 Section 8.02. DEFINITIONS 30 Section 8.03. COUNTERPARTS 32 Section 8.04. ENTIRE AGREEMENT; THIRD-PARTY BENEFICIARIES 33 Section 8.05. GOVERNING LAW 33 Section 8.06. ASSIGNMENT 33 Section 8.07. JURISDICTION 33 Section 8.08. SEVERABILITY 33 Section 8.09. RULES OF CONSTRUCTION 33 Section 8.10. EQUITABLE REMEDIES 34 Section 8.11. DESCRIPTIVE HEADINGS 34 Section 8.12. NO PERSONAL LIABILITY CONFERRED 34 Section 8.13. AMENDMENT; WAIVER 34 Section 8.14. SUPPLEMENT TO SCHEDULES 34 A&R OP Agreement Section 1.02 Affiliate Section 8.02 Agreement Introduction Amberglen Introduction Amberglen Consideration Section 1.02 Assignment and Assumption Agreement Section 2.03 Business Day Section 8.02 CERCLA Section 8.02 Closing Cooperation / Access to information 16 5.1.2 Filings and Approvals 17 5.1.3 Revised Schedules 17 5.1.4 Public Announcements 18 5.2 Conduct of Business 18 5.3 Transaction Expenses 19 5.4 Confidentiality 19 5.5 Warranty Liabilities and Known Product Defects 20 5.5.1 Standard Warranty Liabilities 20 5.5.2 Extended Warranty Liabilities 20 5.5.3 Known Product Defects 20 5.6 Adjustment 21 5.7 Certain Payments Received from Third Parties 22 5.8 Consents — Seller Contracts 22 5.9 Bundled Contracts 23 5.10 Insurance 23 5.11 Additional Equipment 23 5.12 Additional Inventory 24 5.13 Invoices 24 5.14 Release of Permitted Liens 25 5.15 Transition 25 5.16 Additional Covenants 25 8.1 Transfer Taxes 27 8.2 Transfer Tax Indemnity 28 8.3 Tax Characterization of Certain Payments and Credits 28 8.4 Tax Responsibility 29 8.5 Tax Credits; Tax Refunds 29 8.6 Notices 29 9.1 Indemnification Obligations 30 9.1.1 Indemnification by the Seller 30 9.1.2 Indemnification by the Purchaser 30 9.1.3 Indemnification under the Other Section 2.02 Closing Date Section 2.02 Closing Date Net Working Capital Section 1.02 Code Section 8.02 Contribution Transactions Exhibit C Contributor Introduction Contributor Indemnified Party Section 5.01 Determination Materials Section 1.02 Environmental Laws Section 8.02 Environmental Permits Section 8.02 Existing Loan Document Section 4.18 Existing Loans Section 4.18 Xxxxxx Guarantee Section 2.01 Final Resolution Date Section 1.02 Financial Statements Section 4.19 Formation Transactions Recitals Formation Transaction Documents 30 9.2 Limitations on Indemnification 31 9.2.1 Monetary Limitations 31 9.2.2 Time Section 8.02 Fund Material Adverse Effect Section 2.01 GAAP Section 8.02 Gibralt Introduction Gibralt Consideration Section 1.02 Governmental Authority Section 8.02 Guggenheim Financing Section 8.02 Hazardous Materials Section 8.02 Indemnified Party Article V Indemnifying Party Article V Independent Accounting Firm Section 1.02 Initial Property Assets Section 4.08 Initial Property Owner Recitals Initial Public Offering Recitals Law Section 8.02 Leases Section 4.04 Liens Section 8.02 Losses Article V Net Working Capital Section 1.02 Objection Notice Section 1.02 Offering Price Recitals OP Indemnified Party Section 5.01 OP Material Adverse Effect Section 8.02 OP Units Recitals Operating Partnership Introduction Order Section 8.02 Outside Date Section 2.06 Ownership Interests Recitals Party Introduction Permitted Lien Section 8.02 Person Section 8.02 Post-Closing Period for Claims 31 9.2.3 Disclosures 32 9.3 Defense of Section 1.02 Property Recitals Reimbursable Leases Section 1.02 REIT Introduction REIT Common Stock Section 8.02 Release Section 8.02 SCGP Section 2.01 Schedule Supplement Section 8.14 SCLP Section 2.01 Securities Act Section 8.02 Solvent Section 4.09 Subsidiary Section 8.02 Tax Section 8.02 Tax Return Section 8.02 Third Party Actions 32 9.4 Cooperation 32 9.5 Sole Remedy 33 9.6 Calculation Claims Article V Total Consideration Section 1.02 THIS CONTRIBUTION AGREEMENT is made and entered into as of Loss 33 9.7 Mitigation obligation 33 9.8 Limitations on Losses 33 9.9 Assignment of Claims 34 11.1 Termination 35 11.2 Rights on Termination 35 11.3 Remedies 35 11.4 Consent to Amendments; Waivers 36 11.5 Successors and Assigns 36 11.6 Third Party Rights 36 11.7 Time of the Essence 36 11.8 Governing Law; Submission to Jurisdiction 36 11.9 Notices 37 11.10 Schedules 37 11.11 Counterparts 37 11.12 Construction; Joint Drafting 37 11.13 Severability 38 11.14 Headings 38 11.15 Entire Agreement 38 0 Transfer of the New Shares 50 1 Title to Tangible Assets 50 2 Seller Contracts 50 3 Intellectual Property 51 4 Litigation 52 5 Nokia O2 52 6. Intentionally omitted 52 7 Inventory 52 8 Owned Equipment 52 9 Financial Information 52 10 Actions Since Financial Statements 53 11 Compliance with Laws 53 12 Absence of certain Commercial Practices 54 13 Insolvency 54 14 Nortel Products 54 15 Product Development 54 16 Subsidies 54 17 Sales of the Seller 54 18 Accuracy of Disclosure 55 19 Supplier Contracts 55 20 LG-Nortel Supply 55 21 Representations and Warranties 55 • Alcatel Lucent[ ], a société anonyme organized under the laws of France, registered with the Paris Registry of Companies under number B 542 019 096, with offices 50 xxx xx Xxxxxx, 00000 Xxxxx 2014 (this “PurchaserAgreement”), • Nortel Networks Limitedby and among City Office REIT Operating Partnership, L.P., a Maryland limited partnership (the “Operating Partnership”), Gibralt US, Inc., a Colorado corporation organized under the laws of Canada, with offices at 100 Xxx Xxxx Xxxx, X00-00-000, Xxxxxxx, Xxxxxxx X0X 0X0, Xxxxxx (“SellerGibralt”) and GCC Amberglen Investments Limited Partnership, an Oregon limited partnership (“Amberglen”) (each of Gibralt and Amberglen a “Contributor,” and collectively, the “Contributors”),. Each of the Contributors and the Operating Partnership is sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

Covenants and Other Agreements. 16 5.1 General 16 5.1.1 29 Section 5.1. Pre-Closing Covenants of Sellers 29 Section 5.2. Pre-Closing Covenants of ISG and Buyer 32 Section 5.3. Other Covenants of Sellers, ISG and Buyer 34 Section 5.4. Employment Covenants and Other Undertakings 36 Section 5.5. Covenants Relating to Public Offering and the Financing 38 Section 5.6. Covenants Relating to Railroad Subsidiaries 39 Section 5.7. Consideration Shares 41 ARTICLE 6. TAXES 42 Sectio n 6.1. Taxes Related to Purchase of Acquired Assets 42 Section 6.2. Cooperation / Access on Tax Matters 42 Section 6.3. Purchase Price Allocation 43 ARTICLE 7. CONDITIONS PRECEDENT TO PERFORMANCE BY PARTIES 43 Section 7.1. Conditions Precedent to information 16 5.1.2 Filings Performance by Sellers 43 Section 7.2. Conditions Precedent to the Performance by ISG and Approvals 17 5.1.3 Revised Schedules 17 5.1.4 Buyer 44 ARTICLE 8. TERMINATION 46 Section 8.1. Conditions of Termination 46 Section 8.2. Effect of Termination; Remedies 47 Section 8.3. Exclusive Remedy 48 ARTICLE 9. SURVIVAL AND INDEMNIFICATION 48 Section 9.1. Survival; Indemnification 48 Section 9.2. Specific Performance 49 Section 9.3. Remedy for Deferred Purchase Price Payment 49 Section 9.4. Exclusive Remedy 49 ARTICLE 10. BIDDING PROCEDURES 49 Section 10.1. Bidding Procedures 49 Section 10.2. Sale Hearing and Entry of Bankruptcy Sale Order 50 ARTICLE 11. MISCELLANEOUS 51 Section 11.1. Allowed Administrative Expenses 51 Section 11.2. Alternative Transaction 51 Section 11.3. Further Assurances 51 Section 11.4. Successors and Assigns 51 Section 11.5. Governing Law; Jurisdiction 51 Section 11.6. Expenses 52 Section 11.7. Broker's and Finder's Fees 52 Section 11.8. Severability 52 Section 11.9. Notices 52 Section 11.10. Amendments; Waivers 53 Section 11.11. Public Announcements 18 5.2 53 Section 11.12. Entire Agreement 54 Section 11.13. No Third Party Beneficiaries 54 Section 11.14. Headings 54 Section 11.15. Counterparts 54 Section 11.16. Joint and Several 54 Section 11.17. Joint Drafting 54 Section 11.18. Construction 54 Section 11.19. Performance Deposit 54 ARTICLE 12. DEFINITIONS 55 Section 12.1. Certain Terms Defined 55 Section 12.2. All Terms Cross-Referenced 62 Exhibit A Bankruptcy Sale Order Exhibit B Bidding Procedures and Sale Motion Exhibit C Bidding Procedures Order Exhibit D ISG Class B Common Stock Terms Exhibit E Reference Balance Sheet Schedule 1.1(b) - Real Property Schedule 1.1(d) - Acquired Contracts Schedule 1.1(f) - Inventory and Supply Locations Schedule 1.1(h) - Intellectual Property Schedule 1.1(j) - Information Technology Schedule 1.1(k) - Permits Schedule 1.1(m) - Subsidiaries Schedule 1.1(p) - Prepaid Deposits and Expenses Schedule 1.1(r) - Acquired Benefit Plans Schedule 1.2(a) - Excluded Assets Schedule 1.3(e) - Real and Personal Property Taxes Schedule 1.6(c) - Term Sheet Assumed Contracts Schedule 1.7 - Transition Services Assets Schedule 2.2(a) - Principal Payments Schedule 3.4(a) - Ancillary Assets Schedule 4.1(f) Subsidiaries Schedule 4.1(g) - Sellers' Consents Schedule 4.1(h) (i) - Compliance with Laws Schedule 4.1(h) (ii) - Financial Obligations Schedule 4.1(i) - Litiga tion Schedule 4.1(j)(ii) - Joint Venture Benefit Plans Schedule 4.1(k)(ii) - Excluded Joint Venture Assets Schedule 4.1(l) - Acquired Intellectual Property Information Schedule 4.1(o) - Material Contracts, Cure Costs and Prepaid Expenses and Deposits Schedule 4.1(p) - Environmental Matters Schedule 4.1(q) - Insurance Schedule 4.1(r) - Real Property Matters Schedule 4.1(s) - Accounts Receivable Schedule 4.1(t) - Inventories Schedule 4.1(u) - Absence of Certain Changes Schedule 4.1(v) - Absence of Undisclosed Liabilities Schedule 4.1(y) - Joint Venture Information Schedule 4.2(e) - Buyer's Consents Schedule 4.3(f) - ISG Subsidiaries Schedule 4.3(g) - ISG's Consents Schedule 4.3(h) - Compliance with Laws Schedule 4.3(i) - Litigation Schedule 4.3(k) - ISG Environmental Matters Schedule 4.3(l) - ISG Insurance Schedule 4.3(m) - Capital Stock of ISG Schedule 4.3(p) - ISG Undisclosed Liabilities Schedule 4.3(q) - ISG Tax Matters Schedule 5.1(a) - Exceptions to Sellers' Conduct of Business 18 5.3 Transaction Expenses 19 5.4 Confidentiality 19 5.5 Warranty Liabilities Schedule 5.2(a) - Conduct of Business of ISG Before the Closing Date THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of March 12, 2003 (the "Execution Date"), is made by and Known Product Defects 20 5.5.1 Standard Warranty Liabilities 20 5.5.2 Extended Warranty Liabilities 20 5.5.3 Known Product Defects 20 5.6 Adjustment 21 5.7 Certain Payments Received from Third Parties 22 5.8 Consents — Seller Contracts 22 5.9 Bundled Contracts 23 5.10 Insurance 23 5.11 Additional Equipment 23 5.12 Additional Inventory 24 5.13 Invoices 24 5.14 Release of Permitted Liens 25 5.15 Transition 25 5.16 Additional Covenants 25 8.1 Transfer Taxes 27 8.2 Transfer Tax Indemnity 28 8.3 Tax Characterization of Certain Payments and Credits 28 8.4 Tax Responsibility 29 8.5 Tax Credits; Tax Refunds 29 8.6 Notices 29 9.1 Indemnification Obligations 30 9.1.1 Indemnification by the Seller 30 9.1.2 Indemnification by the Purchaser 30 9.1.3 Indemnification under the Other Transaction Documents 30 9.2 Limitations on Indemnification 31 9.2.1 Monetary Limitations 31 9.2.2 Time Period for Claims 31 9.2.3 Disclosures 32 9.3 Defense of Third Party Actions 32 9.4 Cooperation 32 9.5 Sole Remedy 33 9.6 Calculation of Loss 33 9.7 Mitigation obligation 33 9.8 Limitations on Losses 33 9.9 Assignment of Claims 34 11.1 Termination 35 11.2 Rights on Termination 35 11.3 Remedies 35 11.4 Consent to Amendments; Waivers 36 11.5 Successors and Assigns 36 11.6 Third Party Rights 36 11.7 Time of the Essence 36 11.8 Governing Law; Submission to Jurisdiction 36 11.9 Notices 37 11.10 Schedules 37 11.11 Counterparts 37 11.12 Construction; Joint Drafting 37 11.13 Severability 38 11.14 Headings 38 11.15 Entire Agreement 38 0 Transfer of the New Shares 50 1 Title to Tangible Assets 50 2 Seller Contracts 50 3 Intellectual Property 51 4 Litigation 52 5 Nokia O2 52 6. Intentionally omitted 52 7 Inventory 52 8 Owned Equipment 52 9 Financial Information 52 10 Actions Since Financial Statements 53 11 Compliance with Laws 53 12 Absence of certain Commercial Practices 54 13 Insolvency 54 14 Nortel Products 54 15 Product Development 54 16 Subsidies 54 17 Sales of the Seller 54 18 Accuracy of Disclosure 55 19 Supplier Contracts 55 20 LG-Nortel Supply 55 21 Representations and Warranties 55 • Alcatel Lucentamong Bethlehem Steel Corporation, a société anonyme organized under the laws of France, registered with the Paris Registry of Companies under number B 542 019 096, with offices 50 xxx xx Xxxxxx, 00000 Xxxxx Delaware corporation (“Purchaser”"Parent"), • Nortel Networks Limitedthe other Sellers, ISG Acquisition Inc., a Delaware corporation organized under the laws of Canada("Buyer"), with offices at 100 Xxx Xxxx Xxxxand International Steel Group Inc., X00a Delaware corporation ("ISG"). Capitalized terms used in this Agreement are defined or cross-00-000, Xxxxxxx, Xxxxxxx X0X 0X0, Xxxxxx (“Seller”),referenced in Article 12.