Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender: (i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules; (ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request; (iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents; (iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party; (v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,
Appears in 6 contracts
Samples: Loan Agreement (Resaca Exploitation, Inc.), Loan Agreement (Resaca Exploitation, Inc.), Loan Agreement (Resaca Exploitation, Inc.)
Documentation. The Administrative Agent shall have received the following following, duly executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement and all attached Exhibits and Schedules and the Notes payable to each Lender requesting a Note;
(ii) the Guaranty executed by the Borrower and all Subsidiaries existing on the Closing Date;
(iii) the Security Agreement executed by the Borrower and each Subsidiary existing on the Closing Date, together with (A) appropriate UCC-1 financing statements and intellectual property security agreements, if any, necessary for filing with the appropriate authorities, (B) certificates, together with undated, blank stock powers for each such certificate, representing all of the issued and outstanding Equity Interests of each of the Borrower’s Subsidiaries required in connection with the Security Agreement, a Note payable and (C) any other documents, agreements, or instruments necessary to the order of each Lender create, perfect or maintain an Acceptable Security Interest in the amount Collateral;
(iv) appropriate UCC and intellectual property search reports for the Borrower and its Subsidiaries reflecting no prior Liens (other than Permitted Liens) encumbering the properties of the Borrower and its CommitmentSubsidiaries;
(v) certificates of insurance naming the Administrative Agent as loss payee with respect to property insurance, the Guaranties, the Pledge Agreement, the Security Agreementsor additional insured with respect to liability insurance, and Mortgages encumbering at least 80% (by value) of covering the Borrower’s and its Subsidiaries’ Proven Reserves Properties with such insurance carriers, for such amounts and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulescovering such risks as required by Section 5.3;
(iivi) a favorable opinion certificate from an authorized officer of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel Borrower dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified Closing Date stating that as of the such date of this Agreement by a Responsible Officer (A) all representations and warranties of the Borrower of set forth in this Agreement are true and correct in all material respects (A) except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a partytext thereof), (B) the no Default has occurred and is continuing; and (C) all conditions precedent set forth in this Section 3.1 have been met or waived;
(vii) a secretary’s certificate of incorporation of the Borrowerfrom each Credit Party certifying such Person’s (A) officers’ incumbency, (B) authorizing resolutions, (C) the bylaws of the Borrower organizational documents, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Credit Documents to which the Borrower such Person is a party;
(vviii) copiescertificates of good standing for each Credit Party in the state in which each such Person is organized, certified as of which certificates shall be (A) dated a date not earlier than 30 days prior to Closing Date or (B) otherwise effective on the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor Closing Date;
(ix) legal opinions of (A) Xxxxxx & Xxxxxx LLP, as special counsel to the resolutions of Credit Parties, (B) Miller, Canfield, Paddock and Stone, P.L.C., as Michigan counsel to the Board of Directors Credit Parties, (or C) Hall, Estill, Hardwick, Gable, Golden & Xxxxxx, P.C., as Oklahoma counsel to the Credit Parties, and (D) Dray, Dyekman, Xxxx & Xxxxxx P.C., as Wyoming counsel to the Credit Parties, each in form and substance reasonably acceptable to the Administrative Agent; and
(x) such other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,documents, governmental certificates, agreements, and lien searches as any Lender Party may reasonably request.
Appears in 6 contracts
Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties theretoand each Lender received, in form and substance satisfactory to it and its counsel, each of the Administrative Agent, the Issuing Lender following duly executed and the Lenders, and, where applicable, in sufficient copies for each Lenderdelivered:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan DocumentsDocuments and Transaction Documents to be executed on the Closing Date (except in each case, and all attached exhibits and schedulesany Loan Document or Transaction Document delivery of which was a Post-Closing Obligation (as defined in the Existing Credit Agreement));
(ii) from each Loan Party which is a favorable opinion of party to any Loan Documents other than the Borrower’sUK Guarantor, its Subsidiaries’ and the Guarantors’ counsel a certificate dated as of the Closing Date executed by two (2) authorized officers, or as the context may require, two (2) directors of such Loan Party (or, with respect to the Japanese Guarantor and the Israeli Guarantor, one such officer or director) certifying and attaching: (A) copies of the Organization Documents of such Loan Party, together with all amendments thereto (including, without limitation, a true and complete copy of the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational document of each Loan Party certified (except in respect of the Israeli Guarantor) as of a recent date not more than thirty (30) days prior to the Closing Date by an appropriate official of this the jurisdiction of organization of such Loan Party which set forth the same complete name of such Loan Party as is set forth herein and the organizational number of such Loan Party, if an organizational number is issued in such jurisdiction), (B) a copy of the resolutions or written consents (1) of such Loan Party authorizing the borrowings hereunder and the transactions contemplated by the Transaction Documents and the Transaction Documents to which such Loan Party is or will be a party, and (2) of such Loan Party authorizing the execution, delivery and performance by such Loan Party of each Loan Document and Transaction Documents to which such Loan Party is or will be a party and the execution and delivery of the other documents to be delivered by such Person in connection herewith and therewith, including, without limitation, in the case of the Borrower, the “Warrants” (as such term was defined in the Initial Credit Agreement), (C) the names and true signatures of the representatives of such Loan Party authorized to sign each Loan Document and Transaction Document (in the case of a Borrower, including, without limitation, Notices of Borrowing and all other notices under the Existing Credit Agreement and substantially the other Loan Documents and Transaction Documents) to which such Loan Party is or will be a party and the other documents executed and delivered by such Loan Party in connection herewith and therewith, together with evidence of the incumbency of such authorized officers, (D) [Reserved], (E) with respect to the Borrower and the Loan Parties that are Subsidiaries organized in the form United States or the District of Columbia, a certificate of the attached Exhibit K covering Secretary of State or other appropriate official(s) of the matters discussed jurisdiction of organization and, except to the extent such failure to be so qualified could not reasonably be expected to have a Material Adverse Effect, in each U.S. state of foreign qualification of such Loan Party certifying as of a recent date not more than fifteen (15) days prior to the Closing Date as to the existence or subsistence in good standing of such Loan Party in such Exhibit jurisdictions, in each case to the extent generally available in such jurisdictions and such (F) in the case of the Israeli Guarantor, a certification from the board of directors that pursuant to sections 256(d) and 282 of the Israeli Companies Law, that all approvals, as required under the Israeli Companies Law (including, without limitation, under sections 255, 270-272 and Section 277 thereof) and the Organization Documents of Israeli Guarantor, had been duly obtained for, amongst other matters as any Lender through things, the Administrative Agent may reasonably requesttransactions contemplated by the Loan Documents and the Transaction Documents;
(iii) copieswith respect to the UK Guarantor, certified a certificate dated as of the date of this Agreement Closing Date executed by a Responsible Officer director in usual and customary format in the context of loan transactions in the U.K. as agreed between counsel to the Administrative Agent and counsel to the Borrower certifying and attaching: (A) resolutions of its Board of Directors then in full force and effect (i) authorizing the execution, delivery and performance of each Loan Document and the UK Security Documents to which it is party, (ii) authorizing a specified person or persons on its behalf to sign and/or dispatch all documents and notices to be signed and/or dispatched by it under or in connection with the Loan Documents and the UK Security Documents to which it is a party; and (iii) certifying that the guaranteeing of the obligations of the Borrower would not cause any guaranteeing or similar limit binding on it to be exceeded; (B) a specimen signature of each person authorized by the resolution referred to at (A); (C) resolutions of the resolutions Borrower as the shareholder of UK Guarantor, approving the execution, delivery and performance of each Loan Document and the UK Security Documents to which UK Guarantor is party; (D) resolution of the Board of Directors of the Borrower as the shareholder of UK Guarantor, approving the Loan Documents resolutions of shareholders referred to which the Borrower is a partyat (C); and (E) true, (B) the certificate of incorporation complete and up-to-date copies of the Borrower, (C) the bylaws constitutional documents of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;UK Guarantor.
(iv) certificates of a Responsible Officer evidence of the Borrower certifying insurance coverage and endorsements required by Section 6.13 and the names and true signatures terms of the officers Collateral Documents and such other insurance coverage with respect to the business and operations of the Borrower authorized to sign this Agreement, Loan Parties as the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyCollateral Agent may reasonably request;
(v) copies, certified as [Reserved];
(vi) evidence of the date of this Agreement by third-party consents listed on Schedule 5.03 to the Existing Credit Agreement;
(vii) a Responsible Officer or the secretary or an assistant secretary of each Guarantor of customary legal opinion from
(A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving Dxxxxx & Wxxxxxx LLP, as United States counsel to the Loan Documents Parties;
(B) City-Yuwa Partners, as Japanese counsel to which it is a party,the Loan Parties;
(C) Hxxxxx Fxx & Nxxxxx, as Israeli counsel to the Loan Parties; and
(D) Rxxx Xxxxx LLP, as counsel to the Administrative Agent in England and Wales.
(viii) the audited financial statements of Borrower and its Subsidiaries for the fiscal year ending December 31, 2019; and
(ix) such other documents, evidence and information as the Administrative Agent reasonably required.
Appears in 5 contracts
Samples: Credit Agreement (Airspan Networks Holdings Inc.), Credit Agreement (Airspan Networks Holdings Inc.), Credit Agreement (Airspan Networks Holdings Inc.)
Documentation. The On or before the day on which the initial Borrowing is made or the initial Letter of Credit is issued, the Administrative Agent and the Lenders shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, each in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, Agreement and all attached Exhibits and Schedules;
(ii) a Revolving Note payable to the order of each Lender in the amount of its Revolving Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of Swing Line Note payable to the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestSwing Line Lender;
(iii) copiesthe Security Agreement, certified together with UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in the Collateral described therein;
(iv) the Pledge Agreement pledging to the Administrative Agent for the benefit of the Secured Parties all of the Equity Interests of the Domestic Subsidiaries of such Loan Party, together with stock certificates, stock powers executed in blank, UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Equity Interests;
(v) a Custodial Agreement executed by the Administrative Agent, the Loan Parties and Custodians selected by the Borrower and approved by the Administrative Agent in its sole discretion;
(vi) a certificate dated as of the date of this Agreement by Closing Date from a Responsible Officer of the Borrower of stating that (A) all representations and warranties of such Person set forth in this Agreement and in the other Loan Documents to which it is a party are true and correct; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 to be satisfied by any Loan Party have been met; and (D) the combined Adjusted Consolidated EBITDA of COWS, DDC and their respective Subsidiaries for the period of four fiscal quarters ending on June 30, 2014 is no less than $60,000,000;
(vii) copies of the certificate or articles of incorporation or other equivalent organizational documents, including all amendments thereto, of each Loan Party, certified as of a recent date by the Secretary of State of the state of its organization;
(viii) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or other equivalent organizational documents of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors or other equivalent body of such Loan Party authorizing the Borrower approving execution, delivery and performance of the Loan Documents to which the Borrower such Loan Party is a partyparty and, in the case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other organizational documents of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to paragraph (vii) above, and (D) as to the incumbency and specimen signature of each officer executing any Loan Document, Notices of Borrowing or any other document delivered in connection herewith on behalf of such Loan Party;
(ix) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (viii) above;
(x) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the Loan Parties in all jurisdictions where reasonably required by the Administrative Agent;
(xi) a favorable opinion dated as of the Closing Date of Xxxxxx & Xxxxxx LLP, counsel to the Loan Parties;
(xii) copies of each of the Transaction Documents certified as of the Closing Date by a Responsible Officer (A) as being true and correct copies of such documents as of the Closing Date, (B) the certificate of incorporation of the Borrower, as being in full force and effect and (C) that no material term or condition thereof shall have been amended, modified or waived after the bylaws execution thereof without the prior written consent of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsAdministrative Agent;
(ivxiii) certificates a certificate as to coverage under, the insurance policies required by Section 5.06 and the applicable provisions of the Security Documents, which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the Administrative Agent as additional insureds in form and substance reasonably satisfactory to the Administrative Agent; and
(xiv) a certificate of a Responsible Officer of the Borrower in form and substance satisfactory to the Administrative Agent certifying the names and true signatures calculation of the officers Leverage Ratio as of June 30, 2014 after giving pro forma effect to the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyTransactions;
(vxv) copiessuch other documents, certified governmental certificates and agreements as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 4 contracts
Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower, the Guarantors and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, and, with respect to this Agreement, the Issuing Lender Notes, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each Lender:Bank (except for each Note, as to which one original of each shall be sufficient):
(i) this Agreement, a Note duly executed by the Borrower and payable to the order of each Lender in Bank that has requested the amount of its Commitmentsame, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ and Parent on behalf of the Guarantors’ counsel Borrower dated as of the date Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and substantially the Credit Documents are true and correct in all material respects (except to the form extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects); (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the attached Exhibit K covering Borrower’s knowledge there are no claims, defenses, counterclaims or offsets by the matters discussed in such Exhibit Borrower, the Parent and such other matters as any Lender through of their Subsidiaries against the Administrative Agent may reasonably requestBanks under the Credit Documents;
(iii) copiesa certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower, certified each Guarantor, each Subsidiary of the Parent and each general partner or managing member (if any) of each of the foregoing, dated as of the date of this Agreement by a Responsible Officer Closing Date certifying as of the Borrower of Closing Date to the extent applicable (A) the names and true signatures of officers or authorized representatives of the general partner of such Person authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the Borrower general partner of such Person approving the Loan Documents to which the Borrower is a party, (B) the certificate transactions herein contemplated and of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalsand other third party approvals and consents, if any, with respect to this Agreementthe transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of the Noteorganizational documents of the general partner of such Person, (D) a true and correct copy of the bylaws, operating agreement, partnership agreement or other governing document of such Person, and (E) a true and correct copy of all partnership or other organizational authorizations necessary or desirable in connection with the other Loan Documentstransactions herein contemplated;
(iv) certificates of a Responsible Officer certificate of the Borrower certifying the names and true signatures Secretary or an Assistant Secretary of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified Parent dated as of the date Closing Date certifying as of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Closing Date (A) the resolutions of the Board of Directors (or other applicable governing body) the members of the general partner of such Guarantor Person approving the Loan transactions herein contemplated and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to the transactions under the Credit Documents and each Credit Document to which it is or is to be a party,, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the Parent made since such date, and (C) that the Parent owns 100% of the general partner interests and at least 70% of the limited partnership interests in the Borrower;
(v) a copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of incorporation, organization or formation of each of the Parent, the Borrower and each Guarantor, dated reasonably near (but prior to) the Closing Date, certifying, if and to the extent such certification is generally available for entities of the type of such Person, (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Person, and each amendment thereto on file in such Secretary’s office, (B) that (1) such amendments are the only amendments to the charter, certificate of limited partnership, limited liability company agreement or other organizational document, as applicable, of such Person on file in such Secretary’s office, (2) such Person has paid all franchise taxes to the date of such certificate and (C) such Person is duly incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation;
(vi) A copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any of the Parent, the Borrower and each Guarantor owns or leases property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed could not reasonably be expected to result in a Material Adverse Change, dated reasonably near (but prior to) the Closing Date, stating with respect to each such Person that such Person is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such State and has filed all annual reports required to be filed to the date of such certificate;
(vii) (A) one or more favorable written opinions of XxXxxxx, Diamond and Ash, Xxxxx & Xxxxxxx, LLP and Hunton & Xxxxxxxx LLP, each special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve;
(viii) in the event the initial Advance is a LIBOR Advance made on the Closing Date, a breakage indemnity letter agreement executed by the Borrower and dated as of the date of the related Notice of Borrowing in form and substance satisfactory to the Administrative Agent;
(ix) any information or materials reasonably required by the Administrative Agent or any Bank in order to assist the Administrative Agent or such Bank in maintaining compliance with (i) the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and (ii) any applicable “know your customer” or similar rules and regulations;
(x) a Compliance Certificate duly executed by a Responsible Officer of the Parent, dated the Closing Date or, if later, the date of the initial Advance, in each case confirming that the Parent is in compliance with the covenants contained in Article VII on such date (including after giving effect to the initial Advance, if any, made on such date);
(xi) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent may reasonably request.
Appears in 3 contracts
Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each LenderBank:
(i1) this Agreement, a Note payable to the order of each Lender in the amount of its CommitmentGuaranty, the Guaranties, the Pledge Borrower Security Agreement, the Guarantors Security AgreementsAgreement, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesany related Uniform Commercial Code financing statements;
(ii2) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ Borrower dated as of the Effective Date stating that as of the Effective Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Guarantors’ counsel Security Agreements are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.1 have been met;
(3) a certificate of the Secretary or an Assistant Secretary of the Borrower and each Guarantor dated as of the date of this Agreement certifying as of the date of this Agreement (A) the names and true signatures of officers of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party, (B) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, and (C) copies of the articles or certificate of incorporation and bylaws of such Person;
(4) a favorable opinion of Richxxx X. Xxxxxx, General Counsel to the Borrower and Guarantors, dated as of the Effective Date and in substantially the form of Exhibit H;
(5) a favorable opinion of Bracxxxxx & Xattxxxxx, L.L.P., counsel to the Agent, dated as of the Effective Date and in substantially in the form of the attached Exhibit K covering I;
(6) the matters discussed in such Exhibit audited Consolidated and unaudited consolidating balance sheet of the Borrower and its Subsidiaries as at December 31, 1997, and the related Consolidated and consolidating statements of operations, shareholders' equity and cash flows, of the Borrower and its Subsidiaries for the fiscal year then ended, duly certified by the Chief Financial Officer or Treasurer of the Borrower;
(7) a Borrowing Base Certificate dated as of April 30, 1998 duly completed and executed by the Chief Financial Officer or Treasurer of the Borrower; and
(8) such other matters documents, governmental certificates, agreements, lien searches as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,.
Appears in 3 contracts
Samples: Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender or its registered assigns in the amount of its Commitment, the Guaranties, the Pledge Guarantee and Collateral Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewithaccount control agreements required pursuant to Section 5.12, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the general partner of the Borrower of (A) the resolutions of the Board members of Directors the general partner of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation formation and the limited partnership agreement of the Borrower, (C) the bylaws certificate of formation and the limited liability company agreement of the Borrower general partner of the Borrower, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iviii) certificates of a Responsible Officer the secretary or assistant secretary of the general partner of the Borrower certifying the names and true signatures of the officers of the Borrower or general partner of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(iv) a certificate dated as of the Closing Date from a Responsible Officer of the general partner of the Borrower stating that (A) all representations and warranties set forth in this Agreement and the other Loan Documents are true and correct in all material respects, (B) no Default has occurred and is continuing, and (C) the conditions in this Section 3.01 have been met;
(v) copiesappropriate UCC-1 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, certified agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(vi) [reserved];
(vii) the Initial Engineering Report;
(viii) stock, membership or partnership certificates required in connection with the Guarantee and Collateral Agreement and stock powers executed in blank for each such stock certificate;
(ix) certificates of good standing and existence for each Loan Party in (A) the state, province or territory in which each such Person is organized, and (B) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than thirty (30) days prior to the Closing Date;
(x) a favorable opinion of the Borrower’s counsel dated as of the date of this Agreement by a Responsible Officer in form and covering such matters as the Administrative Agent may reasonably request; and
(xi) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,any Lender may reasonably request.
Appears in 3 contracts
Samples: Borrowing Base Agreement (TXO Partners, L.P.), Credit Agreement (TXO Partners, L.P.), Credit Agreement (MorningStar Partners, L.P.)
Documentation. The Administrative Agent shall have received the following following, duly executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this AgreementAgreement and all attached Exhibits and Schedules and the Notes, a Note if requested by the applicable Lenders, payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesapplicable Lender;
(ii) a favorable opinion of the Borrower’sGuaranty executed by all Subsidiaries existing on the Closing Date, its Subsidiaries’ including Aly Operating, Austin Chalk Corp., and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestAly Centrifuge;
(iii) copiesthe Security Agreement executed by each Credit Party, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalstogether with appropriate UCC-1 financing statements, if any, necessary or desirable for filing with respect the appropriate authorities and any other documents, agreements, or instruments as the Administrative Agent may request which are necessary to this create, perfect or maintain an Acceptable Security Interest in the Collateral described in the Security Agreement, the Note, and the other Loan Documents;
(iv) certificates of insurance naming the Administrative Agent as loss payee or additional insured, as applicable, with respect to all insurance policies required by Section 5.3;
(v) a Responsible Officer certificate from an authorized officer of the Borrower certifying the names and true signatures dated as of the officers Closing Date stating that as of such date (A) all representations and warranties of the Borrower authorized set forth in this Agreement are true and correct, (B) no Default has occurred and is continuing; and (C) all conditions precedent set forth in this Section 3.1 have been met (with the assumption that, as to sign this Agreementany conditions precedent that are subject to the satisfaction, or at the request of, the NotesAdministrative Agent or the Lenders, Notices of Borrowingthe Administrative Agent and the Lenders are satisfied and have made all necessary or desired requests);
(vi) a secretary’s certificate from each Credit Party certifying such Person’s (A) officers’ incumbency, Notices of Conversion or Continuation(B) authorizing resolutions, (C) organizational documents, and (D) governmental approvals, if any, required to be obtained by such Credit Party with respect to the other Loan Credit Documents to which the Borrower such Person is a party;
(vvii) certificates of good standing for each Credit Party in each state in which each such Person is organized or qualified to do business, which certificate shall be (A) dated a date not earlier than 30 days prior to Closing Date or (B) otherwise effective on the Closing Date;
(viii) a legal opinion of Xxxxxxx & Xxxxxx, P.C. as outside counsel to the Credit Parties in form and substance reasonably acceptable to the Administrative Agent;
(ix) copies, certified by a Responsible Officer of the Borrower, of the Centrifuge Acquisition Agreement and other Centrifuge Acquisition Documents, and all exhibits and schedules thereto, together with all amendments, modifications or waivers thereto in effect as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Agreement;
(Ax) the resolutions of Assumption Agreement executed by the Board of Directors Borrower and the Existing Borrower; and
(xi) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,any Lender may reasonably request.
Appears in 3 contracts
Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guarantiesif requested by such Lender, the Pledge AgreementGuaranty, the Security AgreementsAgreement, and Mortgages encumbering (A) at least 8095% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and the Oil and Gas Properties in connection therewithrelating thereto, (B) 95% (by value) of the Loan Parties’ other Oil and Gas Properties, and each (C) 100% (by value) of the other Loan Documents, and all attached exhibits and schedulesOriginal Mortgaged Properties;
(ii) Transfer Letters executed in blank by the applicable Loan Parties (in such number as requested by the Administrative Agent);
(iii) Account Control Agreements to the extent required under Section 6.26;
(iv) (A) a favorable opinion of the Borrower’s, its Subsidiaries’ and the GuarantorsLoan Parties’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed (B) local counsel opinions in such Exhibit and such other jurisdictions where Mortgages need to be filed in order to comply with the requirements of Section 5.08, in each case, covering matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor Loan Party of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor Loan Party approving the Loan Documents to which it is a party,, (B) the partnership agreement, articles or certificate of incorporation, or certificate of formation (as applicable) and the limited liability company agreement, operating agreement, partnership agreement or bylaws (as applicable) of such Loan Party, and (C) all other documents evidencing other necessary corporate action and Governmental Approvals, if any, with respect to the Loan Documents to which such Loan Party is a party;
(vi) certificates of a Responsible Officer of each Loan Party certifying the names and true signatures of the officers of such Loan Party authorized to sign this Agreement and the other Loan Documents to which such Loan Party is a party;
(vii) appropriate UCC-1 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(viii) certificates evidencing the Equity Interests, if any, required in connection with the Security Agreement and powers executed in blank for each such certificate;
(ix) insurance certificates in compliance with Section 5.02 and otherwise reasonably satisfactory to the Administrative Agent;
(x) certificates of good standing for each Loan Party in each state in which each such Person is organized, which certificate shall be (A) dated a date not sooner than 30 days prior to the date of this Agreement and (B) otherwise effective on the Closing Date;
(xi) [Reserved]
(xii) a solvency certificate dated as of the date of this Agreement from the Chief Financial Officer or Treasurer of the Borrower in substantially the form attached as Exhibit K; and
(xiii) a funds flow memorandum in form and substance reasonably acceptable to the Administrative Agent.
Appears in 3 contracts
Samples: Credit Agreement (Penn Virginia Corp), Master Assignment, Borrowing Base Increase Agreement, and Amendment No. 6 to Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, where applicable, and in sufficient copies for each LenderBank:
(i) this Agreement, a Note payable to Amendment duly executed by the order of each Lender in the amount of its CommitmentBorrower, the GuarantiesGuarantors, the Pledge Agreement, Administrative Agent and the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesBanks;
(ii) a favorable opinion certificate of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer Secretary or an Assistant Secretary of the Borrower of certifying (A) the resolutions Borrower’s certificate of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a partyincorporation and by-laws, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this AgreementAmendment and (C) that a true, correct and complete copy of the resolutions of the Borrower’s Board authorizing the transactions contemplated hereby (including, for the avoidance of doubt, the Notesperformance of the Credit Agreement by the Borrower) is attached thereto and that such resolutions are in full force and effect;
(iii) a certificate of the Secretary or an Assistant Secretary of each Guarantor certifying (A) such Guarantor’s certificate of incorporation and by-laws, Notices (B) the names and true signatures of Borrowingthe officers of such Guarantor authorized to sign this Amendment and (C) that a true, Notices correct and complete copy of Conversion or Continuationthe resolutions of such Guarantor’s Board authorizing transactions contemplated hereby (including, for the avoidance of doubt, the performance of the Credit Agreement by the Guarantor) is attached hereto and that such resolutions are in full force and effect;
(iv) a favorable opinion of Xxxxxx Xxxx & Xxxxxxxx LLP, legal counsel for the Borrower and the Guarantors, and the other Loan Documents to which of Hunton Xxxxxxx Xxxxx, Virginia legal counsel for the Borrower is a party;and the Guarantors, each dated as of the Fourth Amendment Effective Date, as to the matters concerning the Borrower, the Guarantors and the Credit Documents as the Administrative Agent may reasonably request; and
(v) copiescertificates, certified telecopy confirmation or electronic transmission, in each case, as of a date reasonably close to the date hereof from the Secretary of this Agreement by a Responsible Officer State of the state of incorporation or the secretary or an assistant secretary formation, as applicable, of each Guarantor of (A) the resolutions of the Board Borrower and the Guarantors as to the existence and good standing of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Borrower and the Guarantors, as applicable.
Appears in 2 contracts
Samples: Credit Agreement (Brinker International, Inc), Credit Agreement (Brinker International, Inc)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Tranche A Note payable to the order of each Lender in the amount of its Tranche A Commitment, a Tranche B Note payable to the order of each Lender in the amount of its Tranche B Commitment, the Guaranties, the Pledge AgreementAgreements executed by the Parent, Holdings, and the Borrower, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ ' Proven Reserves and Oil and Gas Properties in connection therewith, other than the JEDI Collateral, the Intercreditor Agreement, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion opinions of the Borrower’s, its Subsidiaries’ 's and the Guarantors’ ' respective counsels and of the Administrative Agent's Alabama counsel each dated as of the date of this Agreement in form and substantially in substance satisfactory to the form of Administrative Agent and the attached Exhibit K Lenders and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board board of Directors directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation and the bylaws of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws or other governing documents of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the date of this Agreement from a Responsible Officer of the Borrower on behalf of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing by the Administrative Agent with the appropriate authorities and any other documents, agreements or instruments reasonably necessary to create an Acceptable Security Interest in such Collateral;
(ix) stock or, to the extent applicable under the Person's organizational documents, membership or partnership interest certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate endorsed in blank to the Administrative Agent;
(x) insurance certificates naming the Administrative Agent loss payee or additional insured, as applicable, and evidencing insurance which meets the requirements of this 41 Agreement and the Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(xi) the initial Independent Engineer's Report dated effective as of June 30, 2003;
(xii) copies, certified by a Responsible Officer of the Borrower, of the Merger Agreement and all exhibits and schedules thereto, Project Company Note, the Project Company Mortgage, and any material agreements executed in connection with the Merger Agreement; and
(xiii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 2 contracts
Samples: Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)
Documentation. The Administrative Agent shall have received the following following, duly executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, Agreement and all attached exhibits Exhibits and schedulesSchedules and the Notes, if requested by the applicable Lenders, payable to each applicable Lender or its registered assigns;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and Guaranty executed by all Guarantors (other than the Guarantors’ counsel dated as of Parent) existing on the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestClosing Date;
(iii) copiesthe Security Agreement executed by each Credit Party, certified as of together with appropriate UCC-1 financing statements, if any, necessary or desirable for filing with the date of this Agreement by a Responsible Officer of appropriate authorities and any other documents, agreements, or instruments necessary to create, perfect or maintain an Acceptable Security Interest in the Borrower of Collateral described in the Security Agreement;
(iv) (A) the resolutions Mortgages encumbering not less than 85% of PV10 of the Board Credit Parties’ Proven Reserves and not less than 85% of Directors PV10 of all the Credit Parties’ PDP Reserves, in each case, as evaluated in the Initial Engineering Report (but excluding any “buildings” or “structures” as described in Regulation H of the Borrower approving Federal Reserve Board that are not material to the Loan Documents to which operations of the Borrower is a partyOil and Gas Properties comprising such Proven Reserves), (B) the a certificate of incorporation duly executed by a Responsible Officer, dated as of the BorrowerClosing Date, demonstrating the aggregate PV10 of the Oil and Gas Properties set forth in the Initial Engineering Report to be covered by the such Mortgages, and (C) Mortgages encumbering the Cogen Facilities;
(v) certificates of insurance naming the Administrative Agent as loss payee with respect to property insurance, or additional insured with respect to liability insurance for the insurance required to be carried pursuant to Section 5.3;
(vi) a secretary’s certificate from each Credit Party certifying such Person’s (A) officers’ incumbency, (B) authorizing resolutions, (C) the bylaws of the Borrower organizational documents, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Credit Documents to which the Borrower such Person is a party;
(vvii) copiescertificates of good standing for each Credit Party in each state in which each such Person is organized or qualified to do business, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of which certificate shall be (A) dated a date not earlier than 30 days prior to Closing Date or (B) otherwise effective on the resolutions Closing Date;
(viii) (A) a legal opinion of Norton Xxxx Xxxxxxxxx US LLP as special counsel to the Board Credit Parties, in form and substance reasonably acceptable to the Administrative Agent, and (B) a legal opinions of Directors Xxxxx Lord LLP, as California counsel to the Credit Parties, Xxxxxxxxxx Xxxxx Xxxxxx Xxxxxxx, LLP, as Colorado counsel to the Credit Parties, Xxxxxxx Xxxxx PLLP, as Utah counsel to the Credit Parties, and, if applicable, Xxxxxxxx & Xxxx, as Kansas counsel to the Credit Parties, in each case, in form and substance reasonably acceptable to the Administrative Agent;
(ix) the Initial Engineering Report, which report shall be acceptable to the Administrative Agent;
(x) the Pledge Agreement executed by the Parent, the Borrower and each other Credit Party, as applicable, together with any pledged stock or membership interest certificates and instruments of transfer in form and substance acceptable to the Administrative Agent and granting the Administrative Agent an Acceptable Security Interest in such Equity Interests;
(xi) a Notice of Borrowing or Letter of Credit Application, as applicable; and
(xii) such other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,documents, governmental certificates, agreements, lien release, UCC-3 Financing Statements, and lien searches as any Agent or any Lender may reasonably request.
Appears in 2 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)
Documentation. The Administrative Agent There shall have received been delivered to Buyer the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderfollowing:
(i) this AgreementA certificate dated the Closing Date, a Note payable to executed by each Seller, confirming the order of each Lender matters set forth in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, Sections 5.3(a) and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesb);
(ii) a favorable opinion A certificate, dated the Closing Date, of the Borrower’sSecretary or Assistant Secretary of the Company certifying, its Subsidiaries’ among other things, that attached or appended to such certificate (i) is a true and correct copy of the Guarantors’ counsel dated Company's Articles of Incorporation and all amendments thereto, if any, as of the date thereof certified by the Secretary of this Agreement State of its state of incorporation; and substantially in the form (ii) is a true and correct copy of the attached Exhibit K covering Company's by-laws as of the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestdate thereof;
(iii) copies, certified as Evidence of the date of this Agreement by a Responsible Officer good standing and corporate existence of the Borrower Company issued by the Secretary of (A) State of its state of incorporation and evidence that the resolutions Company is qualified to transact business as a foreign corporation and is in good standing in each state of the Board of Directors United States and in each other jurisdiction where the character of the Borrower approving property owned or leased by it or the Loan Documents to which the Borrower is a party, (B) the certificate nature of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentsits activities makes such qualification necessary;
(iv) certificates A signed opinion of a Responsible Officer of Sellers' counsel, Akerman, Senterfitt & Xxxxxx, P.A., dated the Borrower certifying Closing Date and addressed to Buyer, substantially in the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyform annexed hereto as EXHIBIT 5.3A;
(v) copiesCopies of all Sellers Required Consents;
(vi) A copy of the Escrow Agreement executed by all parties thereto;
(vii) An executed copy of the Registration Rights Agreement;
(viii) Stock Certificates of each Seller representing the number of Purchased Shares set forth opposite such Seller's name on SCHEDULE 2.1, certified duly endorsed in blank or accompanied by stock powers duly endorsed in blank and in suitable form for transfer to Buyer by delivery;
(ix) Possession and control of the Assets of the Company (including all corporate books, seals, bank accounts, records and documents);
(x) The resignations, dated the Closing Date, of such directors and officers of the Company and each fiduciary of any plan of the Company, as previously may have been requested by Buyer;
(xi) A release of the Company, without any liability to Company and in form and substance reasonably acceptable to Buyer, of Xxxx Xxxxxxxxx as to all sums owed to him in connection with his employment by the Company;
(xii) Evidence of termination, without any liability to Company and in form and substance reasonably acceptable to Buyer, of all written and oral employment agreements and arrangements with all directors, officers and consultants of the Company, including those listed on SCHEDULE 2.18;
(xiii) A termination agreement executed by each Seller terminating the Joint Venture Agreement;
(xiv) An executed non-compete agreement with Xxxx Xxxxxxxx, in the form attached hereto as EXHIBIT 5.3B; and
(xv) A schedule attached hereto as SCHEDULE 5.3B, listing the amounts owed to each of First Capital Services, Inc. and Xxxxxx Xxxxx as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Closing Date.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Preferred Employers Holdings Inc), Stock Purchase Agreement (Preferred Employers Holdings Inc)
Documentation. The On or before the day on which the initial Revolving Borrowing is made, or the initial Letter of Credit is issued, or the Bridge Loans are made, the Administrative Agent and the Lenders shall have received the following following, each dated on or before such day, duly executed by all the parties theretothereto (or in the case of this Agreement, duly executed by the Borrowers, the Guarantors, the Administrative Agent, the Majority Lenders, and the Bridge Lenders), each in form and substance satisfactory to the Administrative Agent, the Issuing Lender Majority Lenders, and the Bridge Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, Agreement and all attached Exhibits and Schedules;
(ii) any Note requested by a Note Lender pursuant to Section 2.02(g) payable to the order of each such requesting Lender in the amount of its CommitmentRevolving Commitment or Bridge Loans, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestapplicable;
(iii) copies, certified a certificate dated as of the date of this Agreement by Closing Date from a Responsible Officer of the Borrower of Borrowers stating that (A) the resolutions all representations and warranties of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower such Person set forth in this Agreement and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and in the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,party are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met; and (D) no default or event of default has occurred and is continuing under the Indenture governing the Senior Notes or under any Sowood Document;
(iv) to the extent any have been entered into on or after September 30, 2008, copies of amendments to the certificate or articles of incorporation or other equivalent organizational documents of each Loan Party (including without limitation amendments to the certificate of incorporation of the Parent to reflect the terms of the Series B Convertible Preferred Stock and, as a consequence of the designation thereof, amendments necessary to conform the Series A Convertible Preferred Stock), certified as of a recent date by the Secretary of State of the state of its organization;
(v) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of any amendments to the organizational documents of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party and, in the case of the Borrower, the borrowings hereunder, the designation of the Series B Convertible Preferred Stock, and the amendment of the Certificate of Designation of the Series A Convertible Preferred Stock, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other organizational documents of such Loan Party have not been amended since the date of the last amendment thereto shown on the certified copy thereof furnished pursuant to clause (iv) above, and (D) as to the incumbency and specimen signature of each officer executing any Loan Document, Notices of Borrowing or any other document delivered in connection herewith on behalf of such Loan Party;
(vi) a certificate of another officer of each Loan Party as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (v) above;
(vii) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the Loan Parties in all jurisdictions where required by the Administrative Agent;
(viii) a favorable opinion dated as of the Closing Date of Paul, Hastings, Xxxxxxxx & Xxxxxx LLP, counsel to the Loan Parties substantially similar to the opinion it delivered pursuant to the Existing Credit Agreement;
(ix) a certificate from a Financial Officer of each Borrower dated as of the Closing Date addressed to the Administrative Agent and each of the Lenders regarding the matters set forth in Section 4.20;
(x) a copy of, or a certificate as to coverage under, the insurance policies required by Section 5.04 and the applicable provisions of the Security Documents, each of which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the Administrative Agent as an additional insured;
(xi) a Borrowing Base Report dated as of October 31, 2008;
(xii) a draft Compliance Certificate dated as of the Closing Date duly completed and executed by a Financial Officer of each Borrower with respect to the draft September 30, 2008 financials;
(xiii) a copy of the risk management policy of the Borrowers (the “Risk Management Policy”) in form and substance satisfactory to the Majority Lenders accompanied by a certificate signed by a Responsible Officer certifying compliance with such Risk Management Policy;
(xiv) copies of any amendments to Material Contracts reflected on Schedule 1.01(e) to the Existing Credit Agreement in effect on or after September 30, 2008 and each of the Material Contracts in effect on or after September 30, 2008 that are not reflected on Schedule 1.01(e) to the Existing Credit Agreement, each certified as of the Closing Date by a Responsible Officer of the Borrowers (A) as being true and correct copies of such documents as of the Closing Date, (B) as being in full force and effect and (C) that no material term or conditions thereof shall have been amended, modified or waived after the execution thereof without the prior written consent of the Administrative Agent;
Appears in 2 contracts
Samples: Credit Agreement (MxEnergy Holdings Inc), Credit Agreement (MxEnergy Holdings Inc)
Documentation. The Administrative Agent Lenders shall have received the following duly executed by all the parties theretoreceived, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, andeach of the following, where applicable, in sufficient copies for each Lenderduly executed:
(i) this This Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) Amended and Restated Parent Guaranty substantially in the form attached hereto as Exhibit A-1;
(iii) Guarantor Security Agreement substantially in the form attached hereto as Exhibit A-2;
(iv) Intellectual Property Security Agreement substantially in the form attached hereto as Exhibit A-3;
(v) Perfection Certificate substantially in the form attached hereto as Exhibit A-4;
(vi) certified copies, dated as of a favorable recent date, of financing statement searches, as Lenders may request, accompanied by written evidence (including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, on the Incremental Funding Date, will be terminated or released;
(vii) a customary legal opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ ’s counsel dated as of the date of this Agreement Incremental Funding Date in form and substance reasonably acceptable to the Lenders; and
(viii) Incremental Funding Date Warrants substantially in the form attached hereto as Exhibit A-5 and all related documentation approved by the independent directors of the attached Exhibit K covering the matters discussed in such Exhibit board of directors of Parent Guarantor and such other matters as any Lender through the Administrative Agent may reasonably requestBorrower;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (Aix) the resolutions of Registration Rights Agreement substantially in the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentsform attached hereto as Exhibit A-6;
(ivx) such customary certificates of a Responsible Officer resolutions or other action, incumbency certificates and/or other certificates of the Borrower certifying the names and true signatures of the responsible officers of each Loan Party as the Borrower Lenders may reasonably require evidencing the identity, authority and capacity of each responsible officer thereof authorized to sign act as a responsible officer in connection with this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Agreement and the other Loan Documents to which the Borrower such Loan Party is a partyparty or is to be a party and such documents, registers and certifications (including organization documents and, if applicable, good standing certificates in the jurisdiction of organization of the applicable Loan Party) as the Lenders may reasonably require to evidence that each Loan Party is duly organized or formed, and that each of them is validly existing and in good standing;
(vxi) copiesLenders shall have received a certificate from a responsible officer of Borrower, certified in form and substance reasonably satisfactory to the Lenders, certifying as to compliance with the conditions set forth in clauses (c), (d), (f) and (g) of this Section 3.1; and
(xii) Deposit account control agreements providing for springing control of a deposit account upon the occurrence and during the continuation of an event of default, landlord waivers (to the extent that, as to leased locations owned by a person or entity that is not an affiliate of the date Borrower, the same are obtainable after exercising commercially reasonable efforts to obtain same) and credit card notifications, in each case in a form reasonably satisfactory to the Lenders, and such other documents as Lenders may require under any other Section of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.)
Documentation. The Administrative Agent shall have received the following following, each dated on or before the Effective Date, duly executed by all the parties thereto, each in form and substance reasonably satisfactory to the Administrative Agent:
(1) This Amendment duly executed by the Initial Borrower, the New Borrower, each Guarantor (other than the General Partner), the Administrative Agent, the Issuing Lender Bank and the Majority Lenders, and, where applicable, in sufficient copies for each Lender:;
(i2) this Agreement, a Revolving Note by the New Borrower payable to the order of each Lender in the amount of its Revolving Commitment, and the GuarantiesSwing Line Note payable to the Swing Line Lender;
(3) a supplement to the Credit Agreement by the Target pursuant to which the Target becomes a Guarantor;
(4) a supplement to the Security Agreement by the Target, together with UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in the Collateral of the Target;
(5) a supplement and amendment to the Pledge Agreement by the New Borrower pledging to the Administrative Agent for the benefit of the Secured Parties all of the Equity Interests of the Domestic Subsidiaries of such Loan Party, together with stock certificates, stock powers executed in blank, UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Equity Interests;
(6) an amendment and restatement of the Custodial Agreement executed by the Administrative Agent, the Pledge Loan Parties (including, without limitation, the New Borrower and the Target) and Custodians selected by the New Borrower and approved by the Administrative Agent in its sole discretion;
(7) a certificate dated as of the Effective Date from a Responsible Officer of the New Borrower certifying that: (A) before and after giving effect to the Borrower Assignment, the representations and warranties contained in Article IV of the Credit Agreement and the other Loan Documents are true and correct in all material respects, except for any representation and warranty that is qualified by materiality or reference to Material Adverse Effect, which such representation and warranty shall be true and correct in all respects, on and as of the Effective Date as though made on, and as of such date, unless such representations or warranties are made as of a prior date in which case they are true and correct in all material respects, except for any representation and warranty that is qualified by materiality or reference to Material Adverse Effect, which such representation and warranty shall be true and correct in all respects, as of such prior date, (B) before and after giving effect to the Borrower Assignment, no Default or Event of Default exists, (C) after giving effect to the Borrower Assignment, the Loan Parties are in compliance on a pro forma basis with the financial covenants in Sections 6.13 and 6.14 of the Credit Agreement, (D) immediately after giving effect to the Borrower Assignment, neither Holdco nor the General Partner own any assets other than (x) Equity Interests in the MLP and the General Partner, and (y) cash or Cash Equivalents in an aggregate amount not to exceed $5,000,000 and (E) all of the requirements set forth in Section 6.05(i) of the Credit Agreement with respect to the Cimarron Acquisition (other than the requirements expressly waived pursuant to Section 4 above) have been satisfied or will be satisfied on or prior to the consummation of the Cimarron Acquisition;
(8) copies of the certificate or articles of incorporation or other equivalent organizational documents, including all amendments thereto, of each of the New Borrower and the Target, certified as of a recent date by the Secretary of State of the state of its organization;
(9) a certificate of the Secretary or Assistant Secretary of each of the New Borrower and the Target certifying (A) that attached thereto is a true and complete copy of the by-laws or other equivalent organizational documents of such Loan Party as in effect on the Effective Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors or other equivalent body of such Loan Party authorizing the execution, delivery and performance of this Amendment and the other the Loan Documents to which such Loan Party is a party and, in the case of the New Borrower, the borrowings thereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other organizational documents of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate furnished pursuant to paragraph (8) above, and (D) as to the incumbency and specimen signature of each officer of such Loan Party executing this amendment or any Loan Document, Notices of Borrowing or any other document delivered in connection herewith on behalf of such Loan Party;
(10) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (9) above;
(11) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of the New Borrower and the Target in all jurisdictions where reasonably required by the Administrative Agent;
(12) a favorable opinion dated as of the Effective Date of Xxxxxx & Xxxxxx LLP, counsel to the Loan Parties;
(13) a copy of the Contribution Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, Cimarron Agreement and each of the other Loan Documentsmaterial documents executed in connection therewith certified as of the Effective Date by a Responsible Officer (A) as being true and correct copies of such documents as of the Effective Date, (B) as being in full force and all attached exhibits effect and schedules(C) that no material term or condition thereof shall have been amended, modified or waived after the execution thereof without the prior written consent of the Administrative Agent;
(ii14) a favorable opinion certificate as to coverage under the insurance policies required by Section 5.06 of the Borrower’s, its Subsidiaries’ Credit Agreement and the Guarantors’ counsel dated as applicable provisions of the date of this Agreement Security Documents, which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and substantially to name the Administrative Agent as additional insureds in form and substance reasonably satisfactory to the form of the attached Exhibit K covering the matters discussed in such Exhibit and Administrative Agent; and
(15) such other matters documents, governmental certificates and agreements as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,.
Appears in 2 contracts
Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ ' personal property and encumbering at least 90% of the PV-10 of the Loan Parties' Proven Reserves (as set forth in the Initial Engineering Reports) and Oil and Gas Properties in connection therewiththerewith (including the Oil and Gas Properties to be acquired under the Closing Date Acquisition), and each of the other Loan Documents, including the Intercreditor Agreement, and all attached exhibits and schedules;
(ii) a favorable opinion of (A) the Borrower’s, its Subsidiaries’ 's and the Guarantors’ ' primary counsel dated as of the date of this Agreement in form and substantially in covering such matters as the form Administrative Agent may reasonably request and (B) the Borrower's and the Guarantors' local counsel dated as of the attached Exhibit K date of this Agreement in form and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower General Partner of (A) the resolutions of the Board board of Directors managers of the Borrower General Partner approving the Loan Documents to which the Borrower or the General Partner is a party, (B) the articles or certificate of incorporation formation of the General Partner and the company agreement of the General Partner, (C) the certificate of limited partnership of the Borrower, (CD) the bylaws partnership agreement of the Borrower Borrower, and (DE) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer the secretary or assistant secretary of the Borrower General Partner certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower or the General Partner is a party;
(v) other than as otherwise required under clause (iii) above, copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the Closing Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments (including business interruption insurance), and which is otherwise satisfactory to the Administrative Agent;
(x) the Initial Engineering Reports;
(xi) to the extent required in connection with the Pledge Agreements, (A) stock or, to the extent applicable under the Person's organizational documents, membership or partnership interest certificates, and stock powers executed in blank for each such stock certificate endorsed in blank to the Administrative Agent and (B) to the extent such Person is a limited liability company or a limited partnership, copies of its limited liability company agreement, partnership agreement or other similar document the terms of which expressly provide that membership interests or partnership interests, as applicable, in such Person are securities governed by Chapter 8 of the Uniform Commercial Code as in effect in the State of New York;
(xii) copies, certified by a Responsible Officer of the Borrower, of all of the Closing Date Acquisition Instruments and all exhibits and schedules thereto, together with all amendments, modifications or waivers thereto in effect as of the date of this Agreement;
(xiii) a Compliance Certificate completed and executed by a Responsible Officer of the General Partner showing the calculation of, and Borrower's pro forma compliance with Section 6.17 as of the Closing Date after giving effect to the Closing Date Acquisition and the Borrowings requested and made on the Closing Date;
(xiv) certificates of good standing and existence for each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 2 contracts
Samples: Credit Agreement (Abraxas Energy Partners LP), Credit Agreement (Abraxas Petroleum Corp)
Documentation. The Administrative Agent There shall have received been delivered to Sellers the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderfollowing:
(i) this AgreementA certificate, a Note payable to dated the order Closing Date, of each Lender in the amount Chairman of its Commitmentthe Board, the Guaranties, President or Chief Financial Officer of Buyer confirming the Pledge Agreement, the Security Agreements, matters set forth in Section 5.2(a) and Mortgages encumbering at least 80% (by valueb) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and scheduleshereof;
(ii) a favorable opinion Stock certificates, registered in the name of each Seller (with the appropriate restrictive legends), evidencing satisfaction of that portion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially Purchase Price in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestaccordance with Section 1.2(a);
(iii) copiesA certificate, certified dated the Closing Date, of the Secretary or Assistant Secretary of Buyer certifying, among other things, that attached or appended to such certificate (i) is a true and correct copy of its certificate of incorporation and all amendments thereto, if any, as of the date of this Agreement thereof certified by a Responsible Officer the Secretary of the Borrower State of Delaware; (Aii) is a true and correct copy of its by-laws as of the date thereof; (iii) is a true copy of all resolutions of its board of directors authorizing the Board of Directors execution, delivery and performance of the Borrower approving Transaction Documents and the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower Contemplated Transactions; and (Div) all are the names and signatures of its duly elected or appointed officers who are authorized to execute and deliver the Transaction Documents and any certificate, document or other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentsinstrument in connection herewith;
(iv) certificates of a Responsible Officer Evidence of the Borrower certifying good standing and corporate existence of Buyer and Parent issued by the names and true signatures Secretary of State of the officers State of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyDelaware;
(v) copiesA signed opinion of Buyer's counsel, certified dated the Closing Date and addressed to Sellers, substantially in the form annexed as EXHIBIT 5.2A hereto;
(vi) Copies of all Buyer Required Consents;
(vii) An executed copy of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Escrow Agreement; and
(Aviii) the resolutions An executed copy of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Registration Rights Agreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Preferred Employers Holdings Inc), Stock Purchase Agreement (Preferred Employers Holdings Inc)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ ' personal property and encumbering at least 90% of the PV-10 of the Loan Parties' Proven Reserves (as set forth in the Initial Engineering Reports) and Oil and Gas Properties in connection therewiththerewith (including the Oil and Gas Properties to be acquired under the Closing Date Acquisition), and each of the other Loan Documents, including the Intercreditor Agreement, and all attached exhibits and schedules;
(ii) a favorable opinion of (A) the Borrower’s, its Subsidiaries’ 's and the Guarantors’ ' primary counsel dated as of the date of this Agreement in form and substantially in covering such matters as the form Administrative Agent may reasonably request and (B) the Borrower's and the Guarantors' local counsel dated as of the attached Exhibit K date of this Agreement in form and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower General Partner of (A) the resolutions of the Board board of Directors managers of the Borrower General Partner approving the Loan Documents to which the Borrower or the General Partner is a party, (B) the articles or certificate of incorporation formation of the General Partner and the company agreement of the General Partner, (C) the certificate of limited partnership of the Borrower, (CD) the bylaws partnership agreement of the Borrower Borrower, and (DE) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer the secretary or assistant secretary of the Borrower General Partner certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower or the General Partner is a party;
(v) other than as otherwise required under clause (iii) above, copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the Closing Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) property insurance certificates evidencing insurance which meets the requirements of this Agreement and the Security Instruments (including business interruption insurance), and which is otherwise satisfactory to the Administrative Agent;
(x) the Initial Engineering Reports;
(xi) to the extent required in connection with the Pledge Agreements, (A) stock or, to the extent applicable under the Person's organizational documents, membership or partnership interest certificates, and stock powers executed in blank for each such stock certificate endorsed in blank to the Administrative Agent and (B) to the extent such Person is a limited liability company or a limited partnership, copies of its limited liability company agreement, partnership agreement or other similar document the terms of which expressly provide that membership interests or partnership interests, as applicable, in such Person are securities governed by Chapter 8 of the Uniform Commercial Code as in effect in the State of New York;
(xii) copies, certified by a Responsible Officer of the Borrower, of all of the Closing Date Acquisition Instruments and all exhibits and schedules thereto, together with all amendments, modifications or waivers thereto in effect as of the date of this Agreement;
(xiii) a Compliance Certificate completed and executed by a Responsible Officer of the General Partner showing the calculation of, and Borrower's pro forma compliance with Section 6.17 as of the Closing Date after giving effect to the Closing Date Acquisition and the Borrowings requested and made on the Closing Date;
(xiv) certificates of good standing and existence for each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 2 contracts
Samples: Subordinated Credit Agreement (Abraxas Energy Partners LP), Subordinated Credit Agreement (Abraxas Petroleum Corp)
Documentation. (a) The Administrative Agent place of closing: The offices of Buyer at 18/F, Zxxxxxxxx Xxxxxxxx X, Xx. 000 Xxxxxx Xxxx, Xxxxxx, XXX 000000.
(b) In exchange for payment of the Purchase Price the Seller shall have received provide the Buyer with the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderdelivery documents:
(i) Evidence that all necessary corporate, shareholder and other action has been taken by the Seller to authorise the execution, delivery and performance of this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% ;
(by valuei) A copy of the BorrowerSeller’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each letter to their satellite communication provider cancelling the Vessel’s communications contract which is to be sent immediately after delivery of the other Loan Documents, and all attached exhibits and schedulesVessel;
(ii) a favorable opinion Any additional documents as may reasonably be required by the competent authorities of the Borrower’sBuyer’s Nominated Flag State for the purpose of registering the Vessel, its Subsidiaries’ and provided the Guarantors’ counsel dated Buyer notifies the Seller of any such documents as of soon as possible after the date of this Agreement Agreement; and
(b) At the time of delivery the Buyer shall provide the Seller with:
(i) Evidence that all necessary corporate, shareholder and substantially other action has been taken by the Buyer to authorise the execution, delivery and performance of this Agreement; and
(c) If any of the documents listed in Sub-clauses (a) and (b) above are not in the form English language they shall be accompanied by an English translation by an authorised translator or certified by a lawyer qualified to practice in the country of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;translated language.
(iiid) The Parties shall to the extent possible exchange copies, certified as drafts or samples of the documents listed in Sub-clause (a) and Sub-clause (b) above for review and comment by the other party as soon as possible prior to the Vessel’s intended date of this Agreement by delivery.
(e) Concurrent with the exchange of documents in Sub-clause (a) and Sub-clause (b) above, the Seller shall also hand to the Buyer the classification certificate(s) as well as all drawings and manuals, (excluding ISM/ISPS manuals), which are on board the Vessel. Other certificates which are on board the Vessel shall also be handed over to the Buyer unless the Seller is required to retain same, in which case the Buyer has the right to take copies.
(f) Other technical documentation which may be in the Seller’s possession shall promptly after delivery be forwarded to the Buyer at their expense, if they so request. The Seller may keep the Vessel’s log books but the Buyer has the right to take copies of same.
(g) The parties shall sign and deliver to each other a Responsible Officer Protocol of Delivery and Acceptance confirming the date and time of delivery of the Borrower of (A) Vessel from the resolutions of Seller to the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Buyer.
Appears in 2 contracts
Samples: Master Agreement (Pingtan Marine Enterprise Ltd.), Master Agreement (Pingtan Marine Enterprise Ltd.)
Documentation. The Administrative Agent Bank shall have received the following duly executed by all the parties theretoreceived, in form and substance reasonably satisfactory to Bank, each of the Administrative Agentfollowing, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderduly executed by all applicable parties:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a partyThis Agreement, (B) the certificate of incorporation of the BorrowerNote, (C) the bylaws Security Agreement, and (D) the Securities Account Control Agreement.
(ii) A certificate of the Secretary of Borrower certifying as to the Organizational Documents (which, to the extent filed with a Governmental Authority, shall be certified as of a recent date by such Governmental Authority), the resolutions of the governing body of the Borrower, the good standing of the Borrower and of the incumbency (Dincluding specimen signatures) all other documents evidencing other necessary corporate action of the responsible officers of the Borrower.
(iii) Certificates of Liability and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;Property Insurance.
(iv) certificates An opinion or opinions of a Responsible Officer of counsel for the Borrower certifying the names and true signatures of the officers of the Borrower authorized Borrower, addressed to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or ContinuationBank, and the other Loan Documents to which the Borrower is a party;covering such matters as are reasonably requested by Bank.
(v) copies, certified A certificate as to the solvency of the date Borrower and the Consolidated Group.
(vi) Results of this Agreement by a Responsible Officer Lien search (including a search as to judgments, pending litigation, bankruptcy and tax matters) made against the Borrower under the Uniform Commercial Code (or applicable judicial docket) as in effect in each jurisdiction in which filings or recordations under the secretary applicable Uniform Commercial Code should be made to evidence or an assistant secretary perfect security interests in all assets of each Guarantor the Borrower, indicating among other things that the assets of Borrower are free and clear of any Lien (except for Liens permitted hereunder).
(vii) Evidence that $55,000,000 of US Government Money Market Funds and/or FDIC Institutional Insured Liquid Deposits have been deposited and remain in the Pledged Account.
(viii) Evidence of the repayment in full of, and release of all security interests relating to (A) that certain Manufacturing Support Agreement, dated as of November 7, 2020 (as amended), by and among Borrower and the resolutions Economic Development Board of the Board Republic of Directors Singapore and (or other applicable governing bodyB) that certain Loan and Security Agreement, dated as of such Guarantor approving the Loan Documents to which it is a party,October 12, 2018 (as amended), by and among Borrower and Western Alliance Bank.
(ix) A Notice of Account Designation.
Appears in 2 contracts
Samples: Credit Agreement (Arcturus Therapeutics Holdings Inc.), Credit Agreement (Arcturus Therapeutics Holdings Inc.)
Documentation. The Administrative Agent shall have received the following following, duly executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note Agreement and all attached Exhibits and Schedules and the Notes payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesapplicable Lender;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestGuaranty executed by each Guarantor;
(iii) copiesthe Security Agreement executed by the Borrower and each of its Subsidiaries, certified together with appropriate UCC-1 and UCC-3 financing statements, if any, necessary or desirable for filing with the appropriate authorities and any other documents, agreements, or instruments necessary to create, perfect or maintain an Acceptable Security Interest in the Collateral described in the Security Agreement;
(iv) new Mortgages executed by the Borrower or any of its Subsidiaries granting an Acceptable Security Interest in real properties of the Borrower and its Subsidiaries other than the Bilateral Collateral;
(v) evidence that the Administrative Agent has an Acceptable Security Interest in the Collateral;
(vi) certificates of insurance naming the Administrative Agent as loss payee or additional insured, as applicable, and covering the Borrower’s or its Subsidiaries Properties with such insurance carriers, for such amounts and covering such risks that are acceptable to the Administrative Agent;
(vii) a certificate from an authorized officer of the Borrower dated as of the Effective Date stating that as of such date of this Agreement by a Responsible Officer (A) all representations and warranties of the Borrower of set forth in this Agreement are true and correct in all material respects and (B) no Default has occurred and is continuing;
(viii) a secretary’s certificate from Borrower and each Guarantor certifying such Person’s (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a partyofficers’ incumbency, (B) the certificate of incorporation of the Borrowerauthorizing resolutions, (C) the bylaws of the Borrower organizational documents, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsCredit Documents to which such Person is a party;
(ivix) certificates of good standing for the Borrower and each Guarantor in each state in which each such Person is organized or qualified to do business, which certificate shall be dated a date not earlier than 30 days prior to Effective Date;
(x) a legal opinion of Xxxxxxx & Xxxxxxx LLP, as outside counsel to the Borrower and the Guarantors, in form and substance reasonably acceptable to the Administrative Agent;
(xi) copies, certified by a Responsible Officer of the Borrower certifying the names and true signatures of the officers of Teledrift APA and all other documents entered into among the Borrower authorized to sign this Agreementparties thereto in connection with the Teledrift Acquisition; and
(xii) such other documents, the Notesgovernmental certificates, Notices of Borrowing, Notices of Conversion or Continuationagreements, and lien searches as the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer Administrative Agent or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,any Lender may reasonably request.
Appears in 2 contracts
Samples: Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/)
Documentation. The Administrative Agent and the Required Lenders shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, each in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Required Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, Agreement and all attached exhibits Exhibits and schedulesSchedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestIntercreditor Agreement;
(iii) copiesthe Security Agreement, certified together with UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in the Collateral described therein;
(iv) the Pledge Agreement pledging to the Administrative Agent for the benefit of the Secured Parties all of the Equity Interests of the Domestic Subsidiaries of such Loan Party, together with UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Equity Interests;
(v) a certificate dated as of the date of this Agreement by Closing Date from a Responsible Officer of the Borrower of stating that (A) the resolutions all representations and warranties of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower such Person set forth in this Agreement and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and in the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,party are true and correct; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 to be satisfied by any Loan Party have been met;
(vi) copies of the certificate or articles of incorporation or other equivalent organizational documents, including all amendments thereto, of each Loan Party, certified as of a recent date by the Secretary of State of the state of its organization;
(vii) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or other equivalent organizational documents of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors or other equivalent body of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party and, in the case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other organizational documents of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to paragraph (vii) above, and (D) as to the incumbency and specimen signature of each officer executing any Loan Document, Notices of Borrowing or any other document delivered in connection herewith on behalf of such Loan Party;
(viii) a certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (viii) above;
(ix) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the Loan Parties in all jurisdictions where reasonably required by the Administrative Agent;
(x) a favorable opinion dated as of the Closing Date of Xxxxxxxx & Xxxxx LLP, counsel to the Loan Parties;
(xi) Fee Letter;
(xii) a certificate as to coverage under, the insurance policies required by Section 5.06 and the applicable provisions of the Security Documents, which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the Administrative Agent as additional insureds in form and substance reasonably satisfactory to the Required Lenders; and
(xiii) [reserved];
(xiv) such other documents, governmental certificates and agreements as the Administrative Agent or Required Lenders may reasonably request.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Quintana Energy Services Inc.), Second Lien Credit Agreement (Quintana Energy Services Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) the Notes (to the extent requested by any Lender under Section 2.2(g));
(iii) a favorable opinion certificate from a Responsible Officer of the Borrower’s, its Subsidiaries’ Borrower dated as of the Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Guarantors’ counsel Credit Documents to which it is a party are true and correct in all material respects; (B) no Default or Event of Default has occurred and is continuing; (C) no Material Adverse Effect has occurred since December 31, 2016 and (D) the conditions in this Section 3.1 have been met;
(iv) a certificate of the Secretary or an Assistant Secretary of the Borrower dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) copies of the articles or certificate of incorporation and bylaws or other organizational documents of the Borrower, together with all amendments thereto, (B) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, and (C) the names and true signatures of officers of the Borrower approving authorized to sign the Loan Credit Documents to which the Borrower is a party, party (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, including Notices of Borrowing, Notices Borrowing and requests for Letters of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyCredit);
(v) copies, certificate of good standing and existence for the Borrower certified as by the appropriate governmental officer in its jurisdiction of the date of this Agreement by formation;
(vi) a Responsible Officer or the secretary or an assistant secretary favorable opinion of each Guarantor of (A) Xxxxx Lord LLP, counsel to the resolutions Borrower, and (B) Xxxxx Xxxxxxxxx, general counsel of the Board Borrower, each dated as of Directors the Closing Date and in form and substance reasonably satisfactory to the Administrative Agent; and
(or vii) such other applicable governing body) of such Guarantor approving documents, governmental certificates, and agreements as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 2 contracts
Samples: 5 Year Credit Agreement (National Oilwell Varco Inc), Credit Agreement (National Oilwell Varco Inc)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Tranche A Lender in the amount of its Tranche A Commitment, the GuarantiesGuaranties executed by each Subsidiary of a Borrower existing on the Closing Date other than MER, the Pledge AgreementAgreements executed by the Parent and any other Obligor that owns Equity Interests in any Person, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the BorrowerParent’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion opinions of the Borrower’s, its Subsidiaries’ and the GuarantorsObligors’ counsel and of the Administrative Agent’s counsel each dated as of the date of this Agreement in form and substantially in substance satisfactory to the form of Administrative Agent and the attached Exhibit K Lenders and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the each Borrower of (Aa) the resolutions of the Board board of Directors directors of the such Borrower approving the Loan Documents to which the such Borrower is a party, (Bb) the certificate of incorporation of the Borrower, (C) and the bylaws of the Borrower such Borrower, and (Dc) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the each Borrower certifying the names and true signatures of the officers of the such Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the such Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (Aa) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (b) the articles or certificate (as applicable) of incorporation (or organization) and bylaws or other governing documents of such Guarantor, and (c) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the date of this Agreement from a Responsible Officer of each Borrower on behalf of such Borrower stating that (a) all representations and warranties of such Borrower set forth in this Agreement are true and correct in all material respects; (b) no Default has occurred and is continuing; and (c) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing by the Administrative Agent with the appropriate authorities and any other documents, agreements or instruments reasonably necessary to create an Acceptable Security Interest in such Collateral;
(ix) stock or, to the extent applicable under the Person’s organizational documents, membership or partnership interest certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate endorsed in blank to the Administrative Agent;
(x) casualty insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming Administrative Agent as additional insured and evidencing insurance which meets the requirements of this Agreement and the Security Instruments;
(xi) the initial Independent Engineering Reports as of December 31, 2005 of Rxxxx Xxxxx Company dated (i) January 17, 2006 and addressed to the Parent and (ii) January 26, 2006 and addressed to Forest Oil;
(xii) copies, certified by a Responsible Officer of the Parent, of the Forest Merger Agreement and all exhibits and schedules thereto, and any material agreements executed in connection with the Forest Merger Agreement, together with all amendments, modifications or waivers thereto in effect on the Closing Date;
(xiii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 2 contracts
Samples: Credit Agreement (Mariner Energy Inc), Credit Agreement (Mariner Energy Resources, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) the Fee Letter;
(iii) the Notes (to the extent requested by any Lender under Section 2.2(g));
(iv) a favorable opinion certificate from a Responsible Officer of the Borrower’s, its Subsidiaries’ Borrower dated as of the Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Guarantors’ counsel Credit Documents to which it is a party are true and correct in all material respects (except to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Effect, in which case, such representation and warranty shall be true and correct in all respects); (B) the Borrower is not in violation of any of the covenants contained in this Agreement; (C) after giving effect to the Transactions, no Default or Event of Default has occurred and is continuing; (D) no Material Adverse Effect has occurred since December 31, 2013 and (E) the conditions in this Section 3.1 have been met;
(v) a certificate of the Secretary or an Assistant Secretary of the Borrower dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) copies of the articles or certificate of incorporation and bylaws or other organizational documents of the Borrower, together with all amendments thereto, (B) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, and (C) the names and true signatures of officers of the Borrower approving authorized to sign the Loan Credit Documents to which the Borrower is a party, party (Bincluding Notices of Borrowing and requests for Letters of Credit);
(vi) the certificate of incorporation good standing and existence for the Borrower certified by the appropriate governmental officer in its jurisdiction of formation;
(vii) opinions of counsel to the Borrower addressed to the Administrative Agent and the Lenders with respect to the Borrower, the Credit Documents and such other matters as the Administrative Agent shall request (C) the bylaws which opinions shall expressly permit reliance by permitted successors and assigns of the Borrower Administrative Agent and the Lenders); and
(Dviii) all such other documents evidencing other necessary corporate action and documents, governmental approvals, if any, with respect to this Agreement, the Notecertificates, and agreements as the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 2 contracts
Samples: Credit Agreement (NOW Inc.), Credit Agreement (NOW Inc.)
Documentation. 232 The Administrative Agent shall have received place of closing: Qinhuangdao, Hebei Province, the following duly executed People's Republic of China or by all the parties theretovirtual meeting, in form the event that a closing in Qinhuangdao is not possible for reasons related to COVID-19 233 (a) In exchange for payment of the Purchase Price and substance satisfactory all other sums payable the Sellers shall provide the Buyers with the 234 following delivery documents: documents shall be delivered subject to a separate mutual agreement between the Administrative Agent, the Issuing Lender Sellers and the LendersBuyers to be reached within 30 (thirty) banking days after this MOA is duly signed, and, where applicable, in sufficient copies otherwise the Buyers shall be deemed to breach this MOA and the Sellers are entitled to forfeit the Deposit and claim for each Lender:
compensation against the Buyers. 235 (i) Legal Bill(s) of Sale in a form recordable in the Buyers’ Nominated Flag State, 236 transferring title of the Vessel and stating that the Vessel is free from all mortgages, 237 encumbrances and maritime liens or any other debts whatsoever, duly notarially attested 238 and legalised or apostilled, as required by the Buyers’ Nominated Flag State; 239 (ii) Evidence that all necessary corporate, shareholder and other action has been taken by 240 the Sellers to authorise the execution, delivery and performance of this Agreement; 241 (iii) Power of Attorney of the Sellers appointing one or more representatives to act on behalf 242 of the Sellers in the performance of this Agreement, a Note payable duly notarially attested and legalised 243 or apostilled (as appropriate); 244 (iv) Certificate or Transcript of Registry issued by the competent authorities of the flag state 245 on the date of delivery evidencing the Sellers’ ownership of the Vessel and that the 246 Vessel is free from registered encumbrances and mortgages, to be faxed or e-mailed by 247 such authority to the order closing meeting with the original to be sent to the Buyers as soon as 248 possible after delivery of each Lender the Vessel; 249 (v) Declaration of Class or (depending on the Classification Society) a Class Maintenance 250 Certificate issued within three (3) Banking Days prior to delivery confirming that the 251 Vessel is in Class free of condition/recommendation; 252 (vi) Certificate of Deletion of the Vessel from the Vessel's registry or other official evidence of 253 deletion appropriate to the Vessel's registry at the time of delivery, or, in the amount event that 254 the registry does not as a matter of its Commitmentpractice issue such documentation immediately, a 255 written undertaking by the Sellers to effect deletion from the Vessel's registry forthwith 256 and provide a certificate or other official evidence of deletion to the Buyers promptly and 257 latest within four (4) weeks after the Purchase Price has been paid and the Vessel has 258 been delivered; 259 (vii) A copy of the Vessel's Continuous Synopsis Record certifying the date on which the 260 Vessel ceased to be registered with the Vessel's registry, or, in the event that theregistry 261 does not as a matter of practice issue such certificate immediately, a writtenundertaking 262 from the Sellers to provide the copy of this certificate promptly upon it being issued 263 together with evidence of submission by the Sellers of a duly executed Form 2 stating 264 the date on which the Vessel shall cease to be registered with the Vessel's registry; 265 (viii) Commercial Invoice for the Vessel; 266 (ix) Commercial Invoice(s) for bunkers, lubricating and hydraulic oils and greases; 267 (x) A copy of the Sellers’ letter to their satellite communication provider cancellingthe 268 Xxxxxx’s communications contract which is to be sent immediately after delivery of the 269 Vessel; 270 (xi) Any additional documents as may reasonably be required by the competent authorities of 271 the Buyers’ Nominated Flag State for the purpose of registering the Vessel, provided the 272 Buyers notify the Sellers of any such documents as soon as possible after the date of 273 this Agreement; and. 274 (xii) The Sellers’ letter of confirmation that to the best of their knowledge, the GuarantiesVessel is not 275 black listed by any nation or international organisation. 277 (i) Evidence that all necessary corporate, shareholder and other action has been taken by 278 the Pledge Buyers to authorise the execution, delivery and performance of this Agreement, the Security Agreements, ; and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
279 (ii) a favorable opinion Power of Attorney of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as Buyers appointing one or more representatives to act on behalf 280 of the date of this Agreement and substantially Buyers in the form performance of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, duly notarially attested and the other Loan Documents;
legalised 281 or apostilled (iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,appropriate).
Appears in 2 contracts
Documentation. The Administrative Agent shall have received each of the following duly executed by all the parties theretofollowing, each in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lendersin its sole discretion, and, where applicable, in sufficient copies for each Lender:duly executed by each party thereto, other than Agent (each of which shall be deemed to constitute a “Loan Document” pursuant to the Credit Agreement):
(i) this AgreementAmendment or counterparts hereof, as well as completed Exhibits and Schedules hereto;
(ii) a Note solvency certificate, certifying as to the solvency of each of the Loan Parties both before and after the effectiveness of this Amendment and the transactions contemplated hereby;
(iii) an executed legal opinion of counsel to the Loan Parties, addressed to the Agent, the LC Issuer and the Lenders in form and substance customary and appropriate for transactions of this type;
(iv) any Notes requested by a Lender payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulessuch requesting Lender;
(iiv) a favorable opinion customary incumbency certificate from each of Holdings, Managing General Partner and each Borrower certifying as to (i) resolutions duly adopted by the Borrower’sManaging General Partner, its Subsidiaries’ members or any other equivalent body authorizing the execution, delivery and the Guarantors’ counsel dated as of the date performance of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Amendment and the other Loan Documents to which be executed on the Borrower is Second Amendment Closing Date as so amended or ratified, (ii) copies of its articles or certificate of limited partnership, formation or incorporation, as applicable, together with all amendments thereto, (iii) copies of its bylaws, limited liability company agreement, or partnership agreement, as applicable, (iv) incumbency and specimen signature of each officer executing any Loan Document, and (v) a partycertificate of good standing (or equivalent certification from the appropriate governmental officer in its jurisdiction of incorporation or organization;
(vvi) copiesa customary perfection certificate from each Loan Party certifying as to certain collateral matters; and
(vii) such other documents, certified instruments, and agreements as of the date of Agent, the LC Issuer, any Lender or their respective counsel may reasonably request in connection with the transactions contemplated by this Agreement by a Responsible Officer or Amendment and the secretary or an assistant secretary of other Loan Documents, each Guarantor of (A) in form and substance reasonably satisfactory to the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Agent.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (USA Compression Partners, LP)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower, the Guarantors and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, and, with respect to this Agreement, the Issuing Lender Notes, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each Lender:Bank (except for each Note, as to which one original of each shall be sufficient):
(i) this Agreement, a Note duly executed by the Borrower and payable to the order of each Lender in Bank that has requested the amount of its Commitmentsame, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ and Parent on behalf of the Guarantors’ counsel Borrower dated as of the date Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and substantially the Credit Documents are true and correct in all material respects (except to the form extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects); (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the attached Exhibit K covering Borrower’s knowledge there are no claims, defenses, counterclaims or offsets by the matters discussed in such Exhibit Borrower, the Parent and such other matters as any Lender through of their Subsidiaries against the Administrative Agent may reasonably requestBanks under the Credit Documents;
(iii) copiesa certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower, certified each Guarantor, each Subsidiary of the Parent and each general partner or managing member (if any) of each of the foregoing, dated as of the date of this Agreement by a Responsible Officer Closing Date certifying as of the Borrower of Closing Date to the extent applicable (A) the names and true signatures of officers or authorized representatives of the general partner of such Person authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the Borrower general partner of such Person approving the Loan Documents to which the Borrower is a party, (B) the certificate transactions herein contemplated and of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalsand other third party approvals and consents, if any, with respect to this Agreementthe transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of the Noteorganizational documents of the general partner of such Person, (D) a true and correct copy of the bylaws, operating agreement, partnership agreement or other governing document of such Person, and (E) a true and correct copy of all partnership or other organizational authorizations necessary or desirable in connection with the other Loan Documentstransactions herein contemplated;
(iv) certificates of a Responsible Officer certificate of the Borrower certifying the names and true signatures Secretary or an Assistant Secretary of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified Parent dated as of the date Closing Date certifying as of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Closing Date (A) the resolutions of the Board of Directors (or other applicable governing body) the members of the general partner of such Guarantor Person approving the Loan transactions herein contemplated and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to the transactions under the Credit Documents and each Credit Document to which it is or is to be a party,, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the Parent made since such date, and (C) that the Parent owns 100% of the general partner interests and at least 70% of the limited partnership interests in the Borrower;
(v) a copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of incorporation, organization or formation of each of the Parent, the Borrower and each Guarantor, dated reasonably near (but prior to) the Closing Date, certifying, if and to the extent such certification is generally available for entities of the type of such Person, (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Person, and each amendment thereto on file in such Secretary’s office, (B) that (1) such amendments are the only amendments to the charter, certificate of limited partnership, limited liability company agreement or other organizational document, as applicable, of such Person on file in such Secretary’s office, (2) such Person has paid all franchise taxes to the date of such certificate and (C) such Person is duly incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation;
(vi) A copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any of the Parent, the Borrower and each Guarantor owns or leases property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed could not reasonably be expected to result in a Material Adverse Change, dated reasonably near (but prior to) the Closing Date, stating with respect to each such Person that such Person is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such State and has filed all annual reports required to be filed to the date of such certificate;
(vii) (A) one or more favorable written opinions of XxXxxxx, Diamond and Ash, Xxxxx & Vidovic, LLP and Hunton & Xxxxxxxx LLP, each special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve;
(viii) in the event the initial Advance is a LIBOR Advance made on the Closing Date, a breakage indemnity letter agreement executed by the Borrower and dated as of the date of the related Notice of Borrowing in form and substance satisfactory to the Administrative Agent;
(ix) any information or materials reasonably required by the Administrative Agent or any Bank in order to assist the Administrative Agent or such Bank in maintaining compliance with (i) the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and (ii) any applicable “know your customer” or similar rules and regulations;
(x) a Compliance Certificate duly executed by a Responsible Officer of the Parent, dated the Closing Date or, if later, the date of the initial Advance, in each case confirming that the Parent is in compliance with the covenants contained in Article VII on such date (including after giving effect to the initial Advance, if any, made on such date);
(i) Evidence as to whether each Hotel Property encumbered by an New York Mortgage is in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards (a “Flood Hazard Property”) pursuant to a standard flood hazard determination form ordered and received by the Administrative Agent and held by the Administrative Agent on behalf of the Banks, and (ii) if such property is a Flood Hazard Property, (A) evidence as to whether the community in which such property is located is participating in the National Flood Insurance Program, (B) the Borrower’s written acknowledgment of receipt of written notification from the Administrative Agent as to the fact that such property is a Flood Hazard Property and as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (C) copies of the Borrower’s application for a flood insurance policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance satisfactory to the Administrative Agent and naming the Administrative Agent as sole loss payee on behalf of the Banks; and
(xii) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent may reasonably request.
Appears in 2 contracts
Samples: Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower, the Parent and the Lenders, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, and, with respect to this Agreement, the Issuing Lender Notes (if required by a Lender) and the Lenders, and, where applicableGuaranty, in sufficient copies for each Lender:Lender (except for each Note, as to which one original of each shall be sufficient):
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) an executed copy of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesGuaranty;
(ii) a favorable opinion certificate from the Chief Executive Officer, President, Chief Financial Officer or Executive Vice President of the Borrower’s, its Subsidiaries’ and Parent on behalf of the Guarantors’ counsel Borrower dated as of the date Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and substantially the Credit Documents are true and correct in all material respects (except to the form extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects); provided, to the extent that any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects as of the attached Exhibit K covering the matters discussed in such Exhibit date or for such period; and such other matters as any Lender through the Administrative Agent may reasonably request(B) no Default has occurred and is continuing;
(iii) copies, certified a certificate of the Secretary of the Borrower dated as of the date of this Agreement by a Responsible Officer Closing Date certifying as of the Borrower of Closing Date to the extent applicable (A) the resolutions names and true signatures of the Board of Directors officers or authorized representatives of the Borrower approving authorized to sign the Loan Documents to which the Borrower is a partyCredit Documents, (B) resolutions of the certificate board of incorporation trustees of Parent, in its capacity as the general partner of the Borrower, (C) approving the bylaws transactions herein contemplated and of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalsand other third party approvals and consents, if any, with respect to this Agreementthe transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of the Noteorganizational documents of Borrower, and (D) a true and correct copy of the other Loan Documentspartnership agreement of the Borrower;
(iv) certificates of a Responsible Officer certificate of the Borrower Secretary of the Parent dated as of the Closing Date certifying as of the Closing Date (A) the names and true signatures of the officers or authorized representatives of the Borrower Parent authorized to sign this Agreementthe Credit Documents, (B) resolutions of the Notesboard of trustees of Parent approving the transactions herein contemplated and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, Notices if any, with respect to the transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of Borrowingthe organizational documents of Parent, Notices (D) a true and correct copy of Conversion or Continuationthe bylaws of the Parent, and (E) that the other Loan Documents to which Parent owns 100% of the Borrower is a partygeneral partner interests in the Borrower;
(v) copiesa copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of incorporation, certified organization or formation of each of the Borrower and the Parent, dated reasonably near (but prior to) the Closing Date, certifying (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Person, and each amendment thereto on file in such Secretary’s office, and (B) that such Person is duly incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation;
(vi) a copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any of the Parent and the Borrower owns or leases material property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed could not reasonably be expected to result in a Material Adverse Change, dated reasonably near (but prior to) the Closing Date, stating with respect to each such Person that such Person is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such State and has filed all annual reports required to be filed to the date of such certificate;
(vii) (A) a favorable written opinion of Fried, Frank, Harris, Sxxxxxx & Jxxxxxxx LLP, as special counsel for the Borrower and the Parent in a form reasonably acceptable to the Administrative Agent, dated as of the date Closing Date and with such changes as the Administrative Agent may approve, and (B) a favorable opinion of this Agreement Vxxxxxx LLP, as special counsel for Parent in a form reasonably acceptable to the Administrative Agent, dated as of the Closing Date and with such changes as the Administrative Agent may approve;
(viii) any information or materials reasonably required by the Administrative Agent or any Lender in order to assist the Administrative Agent or such Lender in maintaining compliance with (i) the USA Patriot Act (Title III of Pub. L. 107‑56 (signed into law October 26, 2001)) (the “Patriot Act”) and (ii) any applicable “know your customer” or similar rules and regulations, in each case, reasonably requested by such Lender in writing at least ten Business Days prior to the Closing Date; and
(ix) a Compliance Certificate duly executed by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of Parent, dated the Closing Date that the Parent is in compliance with the covenants contained in Article VII on such Guarantor approving the Loan Documents to which it is a party,date.
Appears in 2 contracts
Samples: Senior Unsecured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties)
Documentation. The Administrative Agent shall have executed a counterpart of this Agreement and shall have received the following duly following:
(i) executed by all counterparts of this Agreement from (A) the Borrower and each other Loan Party and (B) each of the Lenders;
(ii) executed counterparts of the Intercreditor Reaffirmation from each of the parties thereto;
(iii) executed counterparts of each of the Security Documents to be executed and delivered on the Closing Date from each of the parties thereto;
(iv) a certificate dated the Closing Date from a Responsible Officer of the Borrower stating that all representations and warranties of the Loan Parties set forth in Article IV are true and correct as of the Closing Date in all material respects (provided that to the extent any representation and warranty is qualified as to “Material Adverse Effect” or otherwise as to “materiality”, such representation and warranty shall be true and correct in all respects);
(v) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the Organizational Documents of such Loan Party, including all amendments thereto, as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below, certified by the Secretary of State (or equivalent Governmental Authority) of the state of its organization, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors (or Persons performing similar functions) of such Loan Party authorizing the Transactions to be entered into by such Loan Party and that such resolutions have not been modified, rescinded or amended and are in full force and effect and (C) as to the incumbency and specimen signature of each officer executing any Loan Document or Notices of Borrowing;
(vi) a certificate of another officer of each Loan Party dated the Closing Date and certifying as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (v) above;
(vii) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each Loan Party in the jurisdiction of its incorporation or formation;
(viii) a certificate from a Financial Officer of the Borrower dated the Closing Date and addressed to the Administrative Agent and each of the Lenders party hereto, which shall be in form and in substance reasonably satisfactory to the Administrative Agent, certifying that the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s Borrower and its Subsidiaries’ Proven Reserves , taken as a whole, after giving effect to the Tranche B Loans contemplated to be made under this Agreement and Oil and Gas Properties in connection therewith, and each of the other Loan Documentstransactions contemplated hereby and thereby, and all attached exhibits and schedulesare Solvent;
(iiix) a favorable an opinion reasonably acceptable to the Administrative Agent, dated the Closing Date, of Cravath, Swaine & Xxxxx LLP, special counsel to the Borrower’sLoan Parties;
(x) opinions reasonably acceptable to the Administrative Agent, its Subsidiaries’ in each case dated the Closing Date, from local counsel located in each of Delaware, Texas, Oklahoma, Louisiana, Pennsylvania and Vermont;
(xi) the Guarantors’ counsel Perfection Certificate, dated as of the date of this Agreement Closing Date and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement executed by a Responsible Officer of the Borrower of Borrower; and
(Axii) the resolutions executed copies of the Board of Directors of the Borrower approving the Loan definitive ABL Documents to which the Borrower is a party(and all amendments, (B) the certificate of incorporation of the Borrowersupplements, (C) the bylaws of the Borrower waivers, consents and (D) all other documents evidencing other necessary corporate action and governmental approvalsmodifications to such ABL Documents since August 7, if any2013), with respect to this Agreement, in each case as in effect on the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Closing Date.
Appears in 2 contracts
Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its CommitmentGuaranty, the Guaranties, the Pledge Borrower Security Agreement, the Guarantors Security AgreementsAgreement, the Mortgages which have been prepared for execution on the Effective Date and any related Uniform Commercial Code financing statements, the Master SA Agreement, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesIntercreditor Agreement;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ Borrower dated as of the Effective Date stating that as of the Effective Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Guarantors’ counsel Borrower Security Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 (other than clause (a)(ix)) have been met;
(iii) a certificate of the Secretary or an Assistant Secretary of the Borrower and each Guarantor dated as of the date of this Agreement certifying as of the date of this Agreement (A) the names and true signatures of officers of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party, (B) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, and (C) either (i) that the copies of the articles or certificate of incorporation and bylaws of such Person delivered to each Bank as of August 10, 1995 (or as of August 14, 1995 in connection with WWC and each of its Subsidiaries) in connection with the Revolver/Term Agreement are still true and correct and have not been amended or modified since such date or (ii) copies of any modification or amendment to the articles or certificate of incorporation or bylaws of such Person made since such date;
(iv) a favorable opinion of Xxxxxxx X. Xxxxxx, General Counsel to the Borrower and Guarantors, dated as of February 21, 1996 and in substantially the form of Exhibit I;
(v) a favorable opinion of Xxxxxxxxx & Xxxxxxxxx, L.L.P., counsel to the Agent, dated as of February 21, 1996 and in substantially in the form of the attached Exhibit K covering J;
(vi) the matters discussed in such Exhibit unaudited Consolidated and consolidating balance sheet of the Borrower and its Subsidiaries as at December 31, 1995, and the related Consolidated and consolidating statements of operations, shareholders' equity and cash flows, of the Borrower and its Subsidiaries for the fiscal year then ended, duly certified by the Chief Financial Officer or Treasurer of the Borrower;
(vii) a Borrowing Base Certificate as of January 31, 1996 and a Current Receivables Report as of February 21, 1996, each duly completed and executed by the Chief Financial Officer or Treasurer of the Borrower; and
(viii) such other matters documents, governmental certificates, agreements, lien searches as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,.
Appears in 1 contract
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower, the Guarantors and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, and, with respect to this Agreement, the Issuing Lender Notes, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each Lender:Bank (except for each Note, as to which one original of each shall be sufficient):
(i) this Agreement, a Note duly executed by the Borrower and payable to the order of each Lender in Bank that has requested the amount of its Commitmentsame, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ and Parent on behalf of the Guarantors’ counsel Borrower dated as of the date Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and substantially the Credit Documents are true and correct in all material respects (except to the form extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects); (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the attached Exhibit K covering Borrower’s knowledge there are no claims, defenses, counterclaims or offsets by the matters discussed in such Exhibit Borrower, the Parent and such other matters as any Lender through of their Subsidiaries against the Administrative Agent may reasonably requestBanks under the Credit Documents;
(iii) copiesa certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower, certified each Guarantor, each Subsidiary of the Parent and each general partner or managing member (if any) of each of the foregoing, dated as of the date of this Agreement by a Responsible Officer Closing Date certifying as of the Borrower of Closing Date to the extent applicable (A) the names and true signatures of officers or authorized representatives of the general partner of such Person authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the Borrower general partner of such Person approving the Loan Documents to which the Borrower is a party, (B) the certificate transactions herein contemplated and of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalsand other third party approvals and consents, if any, with respect to this Agreementthe transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of the Noteorganizational documents of the general partner of such Person, (D) a true and correct copy of the bylaws, operating agreement, partnership agreement or other governing document of such Person, and (E) a true and correct copy of all partnership or other organizational authorizations necessary or desirable in connection with the other Loan Documentstransactions herein contemplated;
(iv) certificates of a Responsible Officer certificate of the Borrower certifying the names and true signatures Secretary or an Assistant Secretary of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified Parent dated as of the date Closing Date certifying as of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Closing Date (A) the resolutions of the Board of Directors (or other applicable governing body) the members of the general partner of such Guarantor Person approving the Loan transactions herein contemplated and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to the transactions under the Credit Documents and each Credit Document to which it is or is to be a party,, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the Parent made since such date, and (C) that the Parent owns 100% of the general partner interests and at least 70% of the limited partnership interests in the Borrower;
(v) a copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of incorporation, organization or formation of each of the Parent, the Borrower and each Guarantor, dated reasonably near (but prior to) the Closing Date, certifying, if and to the extent such certification is generally available for entities of the type of such Person, (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Person, and each amendment thereto on file in such Secretary’s office, (B) that (1) such amendments are the only amendments to the charter, certificate of limited partnership, limited liability company agreement or other organizational document, as applicable, of such Person on file in such Secretary’s office, (2) such Person has paid all franchise taxes to the date of such certificate and (C) such Person is duly incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation;
(vi) A copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any of the Parent, the Borrower and each Guarantor owns or leases property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed could not reasonably be expected to result in a Material Adverse Change, dated reasonably near (but prior to) the Closing Date, stating with respect to each such Person that such Person is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such State and has filed all annual reports required to be filed to the date of such certificate;
(vii) (A) one or more favorable written opinions of XxXxxxx, Diamond and Ash, Xxxxx & Xxxxxxx, LLP and Hunton & Xxxxxxxx LLP, each special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve;
(viii) in the event the initial Advance is a LIBOR Advance made on the Closing Date, a breakage indemnity letter agreement executed by the Borrower and dated as of the date of the related Notice of Borrowing in form and substance satisfactory to the Administrative Agent;
(ix) any information or materials reasonably required by the Administrative Agent or any Bank in order to assist the Administrative Agent or such Bank in maintaining compliance with (i) the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and (ii) any applicable “know your customer” or similar rules and regulations;
(x) a Compliance Certificate duly executed by a Responsible Officer of the Parent, dated the Closing Date or, if later, the date of the initial Advance, in each case confirming that the Parent is in compliance with the covenants contained in Article VII on such date (including after giving effect to the initial Advance, if any, made on such date);
(i) Evidence as to whether each Hotel Property encumbered by an New York Mortgage is in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards (a “Flood Hazard Property”) pursuant to a standard flood hazard determination form ordered and received by the Administrative Agent and held by the Administrative Agent on behalf of the Banks, and (ii) if such property is a Flood Hazard Property, (A) evidence as to whether the community in which such property is located is participating in the National Flood Insurance Program, (B) the Borrower’s written acknowledgment of receipt of written notification from the Administrative Agent as to the fact that such property is a Flood Hazard Property and as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (C) copies of the Borrower’s application for a flood insurance policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance satisfactory to the Administrative Agent and naming the Administrative Agent as sole loss payee on behalf of the Banks; and
(xii) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent may reasonably request.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (LaSalle Hotel Properties)
Documentation. The Administrative On or before the day on which the initial Borrowing is made or the initial Letters of Credit are issued, the Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, where applicable, and (except for the Notes) in sufficient copies for each LenderBank:
(i) this Agreement, a Note Agreement and all attached Exhibits and Schedules and the Notes payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewithBanks, and each of the other Loan Documents, and all attached exhibits and schedulesrespectively;
(ii) a favorable opinion Reaffirmation of Guaranty executed by each of the Borrower’s, its Subsidiaries’ 's Subsidiaries (other than the Non-Profit Entities and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestCanadian Subsidiaries);
(iii) copies(A) a Reaffirmation of Pledge Agreement executed by ECI Capital Corporation reaffirming its obligations under the Pledge Agreement and (B) such other documents, certified opinions or agreements as the Agent may request to evidence the perfection of the date of this Agreement by Liens created thereby;
(iv) a Responsible certificate from the President or Chief Financial Officer of the Borrower dated as of the Effective Date stating that (A) all representations and warranties of the Borrower set forth in this Agreement and the other Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(A) certified copies of the resolutions of the Board of Directors of the Borrower and each Subsidiary (other than the Non-Profit Entities) approving this Agreement, the Loan Documents to which Notes, and the Borrower is a partyother Credit Documents, (B) and of the articles or certificate of incorporation of the Borrower, (C) the and bylaws of the Borrower and (D) each such Subsidiary, and all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Credit Documents, and (B) certificates of good standing, existence and authority for each of the Borrower and the consolidated Subsidiaries;
(ivvi) certificates a certificate of a Responsible Officer the Secretary or an Assistant Secretary of the Borrower and each Subsidiary dated as of the date of this Agreement certifying the names and true signatures of the officers of the Borrower and each Subsidiary authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Continuation and the other Loan Documents to which the Borrower is a partyCredit Documents;
(vvii) copiesa favorable opinion of Xxxxxxx, certified Xxxxx & Craft, L.L.P., outside counsel to the Borrower and the Subsidiaries, dated as of the date of this Agreement by a Responsible Officer or Effective Date and substantially in the secretary or an assistant secretary of each Guarantor of (A) the resolutions form of the Board attached Exhibit H and as to such other matters as any Bank through the Agent may reasonably request; and
(viii) a favorable opinion of Directors (or other applicable governing body) Messrs. Xxxxxxxxx & Xxxxxxxxx, L.L.P., counsel to the Agent, dated as of such Guarantor approving the Loan Documents to which it is a party,Effective Date and substantially in the form of the attached Exhibit I.
Appears in 1 contract
Documentation. The On or before the Effective Date, the Administrative Agent shall have received the following duly executed by all the applicable parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, and where applicable, in sufficient copies for each Lender:
(i) this AgreementAgreement and all its attached Exhibits and Schedules;
(ii) if requested by any Lender, a Note payable to the order of each such Lender in the amount of its Commitment;
(iii) amendments to the Security Documents including, the Guarantieswithout limitation, (A) the Pledge Agreement, (B) the Security AgreementsAgreement, and (C) the Mortgages encumbering at least 80% requested by the Administrative Agent;
(by valueiv) the Guaranty;
(v) stock certificates or, to the extent applicable under the applicable Person’s organizational documents, membership or partnership interest certificates required in connection with the Pledge Agreement and stock powers or other transfer documents for each such certificate endorsed in blank to the Administrative Agent;
(vi) appropriate UCC-1 or UCC-3 Financing Statements, if any, covering the Collateral for filing with the appropriate authorities;
(vii) a certificate dated as of the Borrower’s Effective Date from a Responsible Officer stating that (A) all representations and its Subsidiaries’ Proven Reserves and Oil and Gas Properties warranties of the Borrower set forth in connection therewith, this Agreement and each of the other Loan Documents, Credit Documents to which it is a party are true and correct in all attached exhibits material respects; and schedules(B) no Default has occurred and is continuing;
(iiviii) a favorable opinion certificates of insurance naming the Borrower’sAdministrative Agent as loss payee or additional insured, its Subsidiaries’ and as applicable, evidencing insurance which meets the Guarantors’ counsel dated as of the date requirements of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestSecurity Documents;
(iiiix) copies, certified an omnibus certificate of the secretary or assistant secretary of the Ultimate General Partner certifying as of the date of this Agreement by a Responsible Officer Effective Date (A) the existence of the Borrower Borrower, the General Partner, the Ultimate General Partner and each Guarantor, (B) the organizational documents of the Borrower, the General Partner, the Ultimate General Partner and each Guarantor, (AC) the resolutions of the Board of Directors governing body of the Borrower Ultimate General Partner or such Guarantor, as applicable, approving this Agreement and the Loan other Credit Documents to which the Borrower or such Guarantor is a party, (B) and the certificate of incorporation of the Borrowerrelated transactions, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalscorporate, partnership or limited liability company action, if any, with respect to this Agreement, the Note, Agreement and the other Loan DocumentsCredit Documents executed and delivered on or before the date hereof;
(ivx) certificates an omnibus certificate of a Responsible Officer Secretary or an Assistant Secretary of the Borrower Ultimate General Partner dated as of the Effective Date certifying the names and true signatures of (A) the officers of the Borrower Ultimate General Partner authorized to sign this Agreement, the NotesNotes (if any), the Notices of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Credit Documents on behalf of the General Partner in its capacity as general partner of the Borrower, and (B) the officers of each Guarantor authorized to sign the Credit Documents to which the Borrower such Guarantor is a partyparty on behalf of such Guarantor;
(vxi) copiescertificates of good standing, certified as existence, and authority for the Borrower, the General Partner, the Ultimate General Partner, and each of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of Guarantors from each Guarantor of (A) the resolutions states in which the Borrower, the General Partner, the Ultimate General Partner, and each of the Board Guarantors is organized and (B) the jurisdictions in which a Mortgage has been filed with respect to such Person’s real property to the extent such Person is required to be qualified in such jurisdiction;
(xii) results of Directors lien and tax searches of the UCC Records of the Secretary of State of jurisdictions selected by the Administrative Agent and reflecting no Liens (other than Permitted Liens) against any of the Collateral other than in favor of the Administrative Agent;
(xiii) favorable opinions of (A) Xxxxxx & Xxxxxx L.L.P., outside Texas counsel to the Borrower, and (B) local counsel in Kansas, New Mexico, Oklahoma and Wyoming reasonably acceptable to the Administrative Agent and the Borrower with respect to 52 Xxxxx Energy Partners, L.P. 3rd Amended/Restated Credit Agreement Mortgages filed in such jurisdiction as amended and supplemented through the Effective Date, in each case dated as of the Effective Date and in a form reasonably acceptable to Administrative Agent and covering the Borrower and the Guarantors, or the mortgagor under such Mortgage, as applicable; provided, to the extent such opinions of local counsel are not delivered on the Effective Date, the Borrower shall deliver such opinions of local counsel within fifteen days after the Effective Date (or such later date as the Administrative Agent may determine);
(xiv) the Financial Statements and the other applicable governing bodyfinancial statements or information described in Section 4.05; and
(xv) of such Guarantor approving other documents and agreements as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have Seller has received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderfollowing:
(i) a certificate, dated the date hereof, of the Secretary or Assistant Secretary of each of Buyer and Parent certifying, among other things, that attached or appended to such certificate (A) is a true and correct copy of the Certificate of Incorporation and all amendments if any thereto as of the date hereof; (B) is a true and correct copy of the By-laws as of the date hereof of Buyer and Parent; (C) is a true copy of all corporate actions taken by Buyer and Parent, including resolutions of its board of directors authorizing the execution, delivery and performance of this Agreement, a Note payable and each other Transaction Document to be delivered hereby; and (D) are the order names and signatures of each Lender in the amount of its CommitmentBuyer's and Parent's duly elected or appointed officers who are authorized to execute and deliver this Agreement and any certificate, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties document or other instrument in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesherewith;
(ii) a favorable opinion evidence of the Borrower’s, its Subsidiaries’ good standing and the Guarantors’ counsel dated as corporate existence of the date of this Agreement Buyer and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestParent;
(iii) copiesa signed opinion of counsel to Buyer, certified as of dated the date hereof and addressed to Seller, in the form of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentsopinion annexed as Exhibit 5.1A hereto;
(iv) certificates of a Responsible Officer an executed copy of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Escrow Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copiesan executed copy of an assignment and assumption agreement of Parent and Buyer in the form annexed as Exhibit 5.1B (the "Assignment and Assumption Agreement");
(vi) an executed and unconditional general release of Mr. Xxxxxxx Xxxxxxx in favor of Seller, certified in the form annexed as Exhibit 5.1C;
(vii) an executed and unconditional general release of Xx. Xxxxxxx Xxxxxxx in favor of Seller, in the form annexed as Exhibit 5.1D;
(viii) executed UCC-3 termination statements from each of Xxxxxxx X. Xxxxxxx, North Fork Bank and Chase Manhattan Bank to be filed in every jurisdiction and filing office in which UCC-1 financing statements have been filed with respect to the Assets;
(ix) an executed consent and an executed Release from Chase Manhattan Bank with respect to this Agreement and the Contemplated Transactions;
(x) an executed termination of the date of this Agreement by Lease between Seller and Xxxxxxx Associates releasing Seller from any liability whatsoever thereunder, in the form annexed as Exhibit 5.1E;
(xi) a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions copy of the Board Phase I Environmental Assessment performed by ATC Associates, Inc. on behalf of Directors Buyer and Parent; and
(or other applicable governing bodyxii) of such Guarantor approving a supply agreement between Buyer and Seller in the Loan Documents to which it is a party,form annexed hereto as Exhibit 5.1F (the "Supply Agreement");
Appears in 1 contract
Samples: Asset Purchase Agreement (Technology Flavors & Fragrances Inc)
Documentation. The On or before the Effective Date, the Administrative Agent shall have received the following duly executed by all the applicable parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, and where applicable, in sufficient copies for each Lender:
(i) this AgreementAgreement and all its attached Exhibits and Schedules;
(ii) if requested by any Lender, a Note payable to the order of each such Lender in the amount of its Commitment;
(iii) amendments to the Security Documents including, the Guarantieswithout limitation, (A) the Pledge Agreement, (B) the Security AgreementsAgreement, and (C) the Mortgages encumbering at least 80% requested by the Administrative Agent;
(by valueiv) the Guaranty;
(v) stock certificates or, to the extent applicable under the applicable Person’s organizational documents, membership or partnership interest certificates required in connection with the Pledge Agreement and stock powers or other transfer documents for each such certificate endorsed in blank to the Administrative Agent;
(vi) appropriate UCC-1 or UCC-3 Financing Statements, if any, covering the Collateral for filing with the appropriate authorities;
(vii) a certificate dated as of the Borrower’s Effective Date from a Responsible Officer stating that (A) all representations and its Subsidiaries’ Proven Reserves and Oil and Gas Properties warranties of the Borrower set forth in connection therewith, this Agreement and each of the other Loan Documents, Credit Documents to which it is a party are true and correct in all attached exhibits material respects; and schedules(B) no Default has occurred and is continuing;
(iiviii) a favorable opinion certificates of insurance naming the Borrower’sAdministrative Agent as loss payee or additional insured, its Subsidiaries’ and as applicable, evidencing insurance which meets the Guarantors’ counsel dated as of the date requirements of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestSecurity Documents;
(iiiix) copies, certified an omnibus certificate of the secretary or assistant secretary of the Ultimate General Partner certifying as of the date of this Agreement by a Responsible Officer Effective Date (A) the existence of the Borrower Borrower, the General Partner, the Ultimate General Partner and each Guarantor, (B) the organizational documents of the Borrower, the General Partner, the Ultimate General Partner and each Guarantor, (AC) the resolutions of the Board of Directors governing body of the Borrower Ultimate General Partner or such Guarantor, as applicable, approving this Agreement and the Loan other Credit Documents to which the Borrower or such Guarantor is a party, (B) and the certificate of incorporation of the Borrowerrelated transactions, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalscorporate, partnership or limited liability company action, if any, with respect to this Agreement, the Note, Agreement and the other Loan DocumentsCredit Documents executed and delivered on or before the date hereof;
(ivx) certificates an omnibus certificate of a Responsible Officer Secretary or an Assistant Secretary of the Borrower Ultimate General Partner dated as of the Effective Date certifying the names and true signatures of (A) the officers of the Borrower Ultimate General Partner authorized to sign this Agreement, the NotesNotes (if any), the Notices of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Credit Documents on behalf of the General Partner in its capacity as general partner of the Borrower, and (B) the officers of each Guarantor authorized to sign the Credit Documents to which the Borrower such Guarantor is a partyparty on behalf of such Guarantor;
(vxi) copiescertificates of good standing, certified as existence, and authority for the Borrower, the General Partner, the Ultimate General Partner, and each of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of Guarantors from each Guarantor of (A) the resolutions states in which the Borrower, the General Partner, the Ultimate General Partner, and each of the Board Guarantors is organized and (B) the jurisdictions in which a Mortgage has been filed with respect to such Person’s real property to the extent such Person is required to be qualified in such jurisdiction;
(xii) results of Directors lien and tax searches of the UCC Records of the Secretary of State of jurisdictions selected by the Administrative Agent and reflecting no Liens (other than Permitted Liens) against any of the Collateral other than in favor of the Administrative Agent;
(xiii) favorable opinions of (A) Xxxxxx & Xxxxxx L.L.P., outside Texas counsel to the Borrower, and (B) local counsel in Kansas, New Mexico, Oklahoma and Wyoming reasonably acceptable to the Administrative Agent and the Borrower with respect to Mortgages filed in such jurisdiction as amended and supplemented through the Effective Date, in each case dated as of the Effective Date and in a form reasonably acceptable to Administrative Agent and covering the Borrower and the Guarantors, or the mortgagor under such Mortgage, as applicable; provided, to the extent such opinions of local counsel are not delivered on the Effective Date, the Borrower shall deliver such opinions of local counsel within fifteen days after the Effective Date (or such later date as the Administrative Agent may determine);
(xiv) the Financial Statements and the other applicable governing bodyfinancial statements or information described in Section 4.05; and
(xv) of such Guarantor approving other documents and agreements as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties theretoreceived, in form and substance reasonably satisfactory to the Administrative AgentAgent and its counsel, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) a duly executed copy of this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, Revolving Credit Notes and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, together with such additional documents, instruments and certificates as Agent and its counsel shall require in connection therewith from time to time, all attached exhibits in form and schedulessubstance reasonably satisfactory to Agent and its counsel, including, without limitation the following:
(a) Current insurance certificates for Borrowers' casualty and liability insurance policies naming Lender as lender loss payee and/or as additional insured, as applicable;
(b) Certified copies of (i) resolutions of each Borrower's and each Subsidiary Guarantor's board of directors authorizing the execution and delivery of this Agreement and/or the Loan Documents to which each such entity is a party and the performance of all transactions contemplated hereby and/or thereby, as applicable, (ii) a favorable opinion each Borrower's and each Subsidiary Guarantor's by-laws and any amendments thereto, and (iii) an incumbency certificate of each Borrower and each Subsidiary Guarantor;
(c) A copy of the Borrower’sArticles or Certificate of Incorporation of each Borrower and each Subsidiary Guarantor, and all amendments thereto;
(d) Good standing certificates for each Borrower and each Subsidiary Guarantor, issued by the Secretary of State or other appropriate official of its Subsidiaries’ and jurisdiction of incorporation;
(e) A closing certificate signed by the Guarantors’ counsel Chief Financial Officer of the Company dated as of the date hereof, stating that (i) the representations and warranties set forth in Section 7 hereof are true and correct in all material respects on and as of such date, (ii) Borrowers are on such date in compliance in all material respects with all the terms and provisions set forth in this Agreement and substantially in the form (iii) on such date no Default or Event of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestDefault has occurred or is continuing;
(iiif) copiesThe Security Documents duly executed, certified as accepted and acknowledged by or on behalf of each of the date signatories thereto;
(g) The favorable, written opinion of Borrowers' counsel as to the transactions contemplated by this Agreement by a Responsible Officer and any of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(ivh) certificates of a Responsible Officer of the Borrower certifying the names The Subsidiary Guaranty duly executed and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partydelivered by each Subsidiary Guarantor;
(vi) copiesSuch other documents, certified instruments and agreements as of Agent and/or Lenders shall reasonably request in connection with the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of foregoing matters; and
(Aj) the resolutions of Pre-Closing Financial Statements (specifically including the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Pre-Closing Home Health Care Statements).
Appears in 1 contract
Samples: Loan and Security Agreement (Gentiva Health Services Inc)
Documentation. The Administrative Agent Lenders shall have received received, in form and substance satisfactory to each Lender, each of the following following, duly executed and acknowledged where appropriate by all the parties thereto:
(i) This Agreement;
(ii) the Notes issued to each Lender reflecting the Loans made by such Xxxxxx;
(iii) [reserved];
(iv) the Collateral Documents, together with such UCC financing statements, evidence of the book-entry issuance of 150,000 shares of Borrower Common Stock, and stock powers, original promissory notes, notices of security interest to be filed in the United States Patent and Trademark Office and other instruments and documents required to be delivered under the Collateral Documents or as the Collateral Agent may otherwise determine to be necessary or reasonably appropriate to perfect the Liens granted thereunder, all in form and substance acceptable to the Collateral Agent;
(v) specimen signatures certified by an appropriate officer of each Credit Party;
(vi) Organization Documents and resolutions of the board of directors, or equivalent governing body, of each Credit Party, together with such other documents and certificates as the Lenders or their counsel may reasonably request relating to the organization, existence and good standing of each Credit Party, the authorization of the Transactions and any other legal matters relating to the Credit Parties, the Loan Documents or the Transactions;
(vii) UCC and other search results required by the Lenders;
(viii) certificates, dated as of the Closing Date, of the chief financial officer of Xxxxxxxx as to the Solvency of the Credit Parties (after giving effect to the Transactions);
(ix) the SBA Forms 480, 652 and 1031 (Parts A and B) completed by Xxxxxxxx with respect to the Loans;
(x) the Small Business Administration Economic Impact Assessment completed by Xxxxxxxx, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iixi) a favorable opinion funds flow memorandum in form and substance satisfactory to the Lenders that will provide, among other things, for the payoff of the EIDL loan obtained by the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iiixii) copies, certified as of documentation authorizing the date of this Agreement by Lenders to draft interest payments under the Loans from a Responsible Officer checking account of the Borrower of (A) in form and substance acceptable to the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsLenders;
(ivxiii) certificates evidence of a Responsible Officer insurance complying with the requirements of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;Section 6.7; and
(vxiv) copies, certified such other documents as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Lenders may reasonably require.
Appears in 1 contract
Samples: Loan Agreement (Guerrilla RF, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewithof Borrower as described therein, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of (A) the Borrower’s, its Subsidiaries’ and the GuarantorsBorrowers’ counsel dated as of the date of this Agreement in form and substantially substance reasonably satisfactory to the Administrative Agent and the Lenders and covering such matters as the Administrative Agent may reasonably request and (B) the Borrowers’ local counsel in the form Louisiana dated as of the attached Exhibit K date of this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Lenders and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the each Borrower of (Aa) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of the such Borrower approving the Loan Documents to which the Borrower it is a party, (Bb) the articles or certificate (as applicable) of incorporation (or organization) and bylaws, limited liability company agreement, operating agreement, limited partnership agreement or other governing documents of the such Borrower, (C) the bylaws of the Borrower and (Dc) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the each Borrower certifying the names and true signatures of the officers of the such Borrower authorized to sign this Agreement, the Notes, the Notices of Borrowing, the Notices of Conversion or Continuation, and the other Loan Documents to which the such Borrower is a party;
(v) copiescertificates of good standing for each Borrower in each state in which each such Person is organized or qualified to do business, certified which certificate shall be dated a date not sooner than 10 days prior to the date of this Agreement;
(vi) a certificate dated as of the date of this Agreement by from a Responsible Officer or of the secretary or an assistant secretary Borrower Representative on behalf of the Borrowers stating that (a) all representations and warranties of each Guarantor Borrower set forth in this Agreement and the other Loan Documents are true and correct in all material respects (except in the case of representations and warranties which are made solely as of an earlier date or time, which representations and warranties shall be true and correct in all material respects as of such earlier date or time); (Ab) no Default has occurred and is continuing; and (c) the resolutions conditions in this Section 3.01 have been met;
(vii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing by the Administrative Agent with the appropriate authorities and any other documents, agreements or instruments reasonably necessary to create an Acceptable Security Interest in such Collateral;
(viii) casualty insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming Administrative Agent as additional insured and evidencing insurance which meets the requirements of this Agreement and the Board of Directors Security Instruments, and which is otherwise satisfactory to the Administrative Agent; and
(ix) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent Lender shall have received the following duly executed by all the parties theretoreceived, in form and substance satisfactory to Lender, each of the Administrative Agentfollowing, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderduly executed:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestNote;
(iii) copiesa Blocked Account Control Agreement, certified in the form attached hereto as of Exhibit D (the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents “Deposit Account Control Agreement”), pursuant to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect grants to this AgreementLender certain rights to its primary operating account, the Note, bank deposit account with PNC Bank. (the “Primary Operating Account”); provided however that Lender has agreed to temporarily waive this closing condition pursuant to the side letter agreement between Lender and Borrower attached hereto as Exhibit D-1 (the other Loan Documents“Side Letter”);
(iv) certificates of a Responsible Officer of payoff letter, in the Borrower certifying form attached hereto as Exhibit E (the names and true signatures of the officers of the Borrower authorized to sign this Agreement“Payoff Letter”), the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents pursuant to which the Borrower is a partyBorrower’s third-party lender, Clearbanc, has agreed to be paid off;
(v) copiesa Subordination Agreement, certified in the form attached hereto as Exhibit F (the “Subordination Agreement”), pursuant to which each of the date Subordinated Lenders agrees to subordinates all of this Agreement by a Responsible Officer their debt obligations from Borrower to Borrower’s debt obligations to Lender;
(vi) with respect to Borrower, an Officer’s Certificate in the form attached as Exhibit G (the “Officer’s Certificate”) or in such form as Lender may reasonably require to establish the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) due organization, valid existence and good standing of such Guarantor approving the party, its qualification to engage in business in each jurisdiction in which it is engaged in business or required to be so qualified, its authority to execute, deliver and perform any Loan Documents to which it is a party,, and the identity, authority and capacity of each responsible official thereof authorized to act on its behalf, including certified copies of charters and amendments thereto, bylaws and amendments thereto, and operating agreements and amendments thereto, certificates of good standing and/or qualifications to engage in business, certified entity resolutions, incumbency certificates, certificates of responsible officials, and the like;
(vii) with respect to each Loan Party, such documentation as Lender may require to establish the due organization, valid existence and good standing of such party, its qualification to engage in business in each jurisdiction in which it is engaged in business or required to be so qualified, its authority to execute, deliver and perform any Loan Documents to which it is a party, and the identity, authority and capacity of each responsible official thereof authorized to act on its behalf, including certified copies of charters and amendments thereto, bylaws and amendments thereto, and operating agreements and amendments thereto, certificates of good standing and/or qualifications to engage in business, certified entity resolutions, incumbency certificates, certificates of responsible officials, and the like; and
(viii) such other certificates, documents, instruments, consents and opinions as Lender may require.
Appears in 1 contract
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and, with respect to this Agreement, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each LenderBank:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Parent on behalf of the Borrower dated as of the Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the Borrower’s’s knowledge there are no claims, its Subsidiaries’ defenses, counterclaims or offsets by the Borrower against the Banks under the Credit Documents;
(iii) a certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower and the Guarantors’ counsel each Guarantor dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the names and true signatures of officers or authorized representatives of the general partner of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the general partner of such Person with respect to the transactions herein contemplated, (C) a true and correct copy of the organizational documents of the general partner of such Person, (D) a true and correct copy of the partnership agreement for such Person, and (E) a true and correct copy of all partnership authorizations necessary or desirable in connection with the transactions herein contemplated;
(iv) a certificate of the Secretary or an Assistant Secretary of the Parent dated as of the date of this Agreement certifying as of the date of this Agreement (A) resolutions of the Board of Directors of such Person with respect to the Borrower approving the Loan Documents to which the Borrower is a partytransactions herein contemplated, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the BorrowerParent made since such date, and (C) that the bylaws Parent owns 100% of the Borrower general partner interests and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer at least 70% of the Borrower certifying limited partnership interests in the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyBorrower;
(v) copies(A) one or more favorable written opinions of DLA Xxxxx Xxxxxxx Xxxx Xxxx US LLP, certified special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the date of this Agreement by a Responsible Officer or Closing Date and with such changes as the secretary or an assistant secretary of Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each Guarantor of (A) the resolutions case dated as of the Board of Directors Closing Date and with such changes as the Administrative Agent may approve; and
(or vi) such other applicable governing body) of such Guarantor approving documents, governmental certificates, agreements, and lien searches as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Documentation. The Administrative Agent Lenders shall have received the following ------------- documents, each dated the Tender Date (unless otherwise specified), each duly executed by all and delivered to the parties theretoLenders, and each to be satisfactory in form and substance satisfactory to the Administrative Agent, the Issuing Lender Lenders and the Lenders, and, where applicable, in sufficient copies for each Lendertheir counsel:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’sFacility A Notes, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestduly executed by TI;
(iii) copiesGuaranty Agreements signed by each of Pledgor, certified as Xxxx X. Xxxxxxx, and Xxxxxxx X. XxXxxxx (the "Guaranty Agreements");
(iv) a Stock Pledge Agreement, duly executed and delivered by Pledgor (the "Stock Pledge Agreement"), pledging to the Collateral Agent, for the benefit of Lenders, a number of shares of MIDCOM common stock (the date of this Agreement by a Responsible Officer of "Pledged Shares") equal to the Borrower greater of (A) 2,000,000, multiplied by a fraction, the resolutions numerator of which is the aggregate principal amount of the Board Facility A Loans requested and the denominator of Directors which is 10,000,000; and (B) the quotient obtained by dividing (1) the product of two (2) times the aggregate principal amount of the Borrower approving Facility A Loans requested by (2) the current market value (as defined under Regulation G) on the Tender Date of the MIDCOM common stock, as reported in the New York --- ---- Times or the Wall Street Journal; ----- ---- ------ -------
(v) the certificates evidencing the Pledged Shares, together with stock powers duly executed in blank by Pledgor, with signatures guaranteed, and such other instruments, documents or agreements with respect thereto as the Lenders may require to be delivered to the Collateral Agent;
(vi) evidence satisfactory to Lenders that the Pledged Shares are subject to (A) no Liens whatsoever other than in favor of the Collateral Agent and (B) no "lock-ups" or any similar agreement which would prevent the pledge thereof to the Collateral Agent for the benefit of the Lenders or, with the exception of the DLJ Letter Agreement, might prevent, affect, or delay the resale thereof by the Collateral Agent for the benefit of the Lenders;
(vii) the Warrant Agreement;
(viii) Warrants issued in the name of Lenders pursuant to the Warrant Agreement exercisable, as to each Lender, for such Lender's Pro Rata Share of two percent (2%) of Parent's common stock on a fully diluted basis;
(ix) a certificate signed by each individual Guarantor, by the President or chief financial officers of each corporate Guarantor and by the President or chief financial officers of the general partner of each Partnership Obligor, certifying that
(A) the representations and warranties set forth in the Loan Documents to which the Borrower each such Obligor is a party, party are true and correct in all respects on and as of such date with the same effect as though made on and as of such date; (B) such Obligor is on such date in compliance with all the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower terms and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving conditions set forth in the Loan Documents to which it is a party on its part to be observed and performed, and (C) on the Tender Date, after giving effect to the making of the Facility A Loans, no Default or Event of Default has occurred or is continuing;
(x) a certificate of the Secretary of each Corporate Obligor certifying (A) that attached thereto is a true and complete copy of the Articles of Incorporation of such Obligor as in effect on the date of such certification; (B) that attached thereto is a true and complete copy of the By-Laws of such Obligor, as in effect on the date of such certification; (C) that attached thereto is a true and complete copy of Resolutions adopted by the Board of Directors of such Obligor, authorizing the execution, delivery and performance of this Agreement and the other Loan Documents to which such Obligor is a party,; and (D) as to the incumbency and genuineness of the signatures of the officers of such Obligor executing this Agreement or any of the other Loan Documents;
(xi) a certificate of the general partner of each Partnership Obligor certifying (A) that attached thereto is a true and complete copy of the partnership agreement and/or partnership certificate of such Obligor as in effect on the Tender Date and that the attached documents are the only agreements among the partners; (B) that attached thereto is a true and complete copy of the partnership consent or other appropriate documentation of authorization of the execution, delivery and performance on behalf of such Obligor of the Loan Documents to which such Obligor is a party; and (C) as to the incumbency and genuineness of the signatures of the representatives of such Obligor executing this Agreement or any of the other Loan Documents;
(xii) a copy of the Articles of Incorporation of TI, and all restatements thereof or amendments thereto, certified as of a date close to the Tender Date, by the Secretary of State of the State of Washington; a copy of the Certificate of Incorporation of Parent, and all restatements thereof or amendments thereto, certified as of a date close to the Tender Date, by the Secretary of State for Delaware; and a copy of the partnership certificate and all restatements thereof or amendments thereto, certified as of a date close to the Tender Date by an appropriate official of the State of Washington.
(xiii) good standing certificates for each Corporate Obligor and each Partnership Obligor, certified as of a date close to the Tender Date, and issued in each case by those secretaries of state of those states set forth on Schedule 9.1 hereto; ------------
(xiv) a duly completed and signed Federal Reserve Form FR G-3 in favor of each Lender, showing that the making of the Facility A Loan by such Lender complies with the requirements of Regulation G;
(xv) the written opinion of Xxxxx Xxxxxxxx & Xxxxxxx, counsel to Obligors, in the form attached hereto as Exhibit D, as to the --------- transactions contemplated by this Agreement;
(xvi) such UCC termination statements and other Lien releases and terminations as the Lenders may require with respect to the Collateral;
(xvii) copies of all required regulatory approvals, including, without limitation, any which may be required by regulatory authorities having jurisdiction over any Obligor and any that may be required for any transactions contemplated by this Agreement or any of the other Loan Documents;
(xviii) such other documents, instruments and agreements with respect to the transactions contemplated by this Agreement, in each case in such form and containing such additional terms and conditions as may be satisfactory to the Lenders.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
: (i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge AgreementAgreements, the Security Agreements, and Mortgages encumbering at least 80% (by value) all of the Borrower’s 's and its Subsidiaries’ ' Proven Reserves and Oil and Gas Properties(other than Oil and Gas Properties located in connection therewiththe State of Arkansas), and each of the other Loan Documents, and all attached exhibits and schedules;
; (ii) a favorable opinion of the Borrower’s, its Subsidiaries’ 's and the Guarantors’ Subsidiaries' counsel (including its local counsel) dated as of the date of this Agreement and substantially in the form of the attached Exhibit K K, covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent Agent, on behalf of the Lenders, may reasonably request;
; (iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower Borrower, approving the Loan Documents to which the Borrower is a partyparty and authorizing the entering into of Hedge Contracts, (B) the certificate of incorporation bylaws of the Borrower, (C) the bylaws certificate (or articles) of incorporation of the Borrower duly certified by the Secretary of State of Nevada, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
; (iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents and Hedge Contracts to which the Borrower is a party;
; (v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor Subsidiary of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor Subsidiary approving the Loan Documents to which it is a party and authorizing the entering into of Hedge Contracts, (B) the articles or certificate (as applicable) of incorporation (or organization) of such Subsidiary certified by the Secretary of State for the state of organization, (C) the bylaws or other governing documents of such Subsidiary, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents and Hedge Contracts to which such Subsidiary is a party; (vi) a certificate of a Responsible Officer of each Subsidiary certifying the names and true signatures of officers of such Subsidiary authorized to sign the Guaranty,
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge AgreementAgreements, the Security Agreements, the Subordination and Intercreditor Agreement, and new Mortgages encumbering or reaffirmation of existing Mortgages which collectively (A) encumber at least 8085% (by value) of all of the Borrower’s and its Restricted Subsidiaries’ (including the Merger Company’s) Proven Reserves and Oil and Gas Properties in connection therewith(other than the Proven Reserves of Orion), and (B) encumber such percentage of Orion’s Proven Reserves and Oil and Gas Properties attributable to the Borrower’s equity ownership therein, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ ’s and the GuarantorsRestricted Subsidiaries’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K K, covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent Agent, on behalf of the Lenders, may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board board of Directors directors of the Borrower General Partner, as general partner of the Borrower, approving the Loan Documents to which the Borrower is a partyparty and authorizing the entering into of Hedge Contracts, (B) the certificate of incorporation of the BorrowerPartnership Agreement, (C) the bylaws certificate of limited partnership of the Borrower duly certified by the Secretary of State of the State of Texas, and (D) the limited liability company agreement of the General Partner, (E) the certificate of formation of the General Partner duly certified by the Secretary of State of the State of Texas, (F) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents and Hedge Contracts to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor Restricted Subsidiary (including the Merger Company, after giving effect to the Merger) of (A) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of such Guarantor Restricted Subsidiary approving the Loan Documents to which it is a party and authorizing the entering into of Hedge Contracts, (B) the articles or certificate (as applicable) of incorporation (or organization) of such Restricted Subsidiary certified by the Secretary of State for the state of organization, (C) the bylaws or other governing documents of such Restricted Subsidiary, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents and Hedge Contracts to which such Restricted Subsidiary is a party,;
(vi) a certificate of a Responsible Officer of each Restricted Subsidiary certifying the names and true signatures of officers of such Restricted Subsidiary authorized to sign the Guaranty, Security Instruments and the other Loan Documents and Hedge Contracts to which such Restricted Subsidiary is a party;
(vii) certificates of good standing for the Borrower, the General Partner, and each Restricted Subsidiary in each state in which each such Person is organized or qualified to do business, which certificate shall be (A) dated a date not sooner than 14 days prior to the date of this Agreement or (B) otherwise effective on the Effective Date;
(viii) a certificate dated as of the date of this Agreement from the Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects as of such date (except in the case of representations and warranties that are made solely as of an earlier date or time, which representations and warranties shall be true and correct in all material respects as of such earlier date or time); (B) no Default has occurred and is continuing; and (C) the conditions in clauses (a), (b), (c), and (h) — (n) of this Section 3.01 have been met;
(ix) appropriate UCC-1 and UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(x) certificates evidencing the Equity Interests required in connection with the Pledge Agreements and powers executed in blank for each such certificate;
(xi) insurance certificates naming the Administrative Agent loss payee or additional insured, as applicable, and evidencing insurance that meet the requirements of this Agreement and the Security Instruments, and that are otherwise satisfactory to the Administrative Agent;
(xii) the initial Engineering Report dated effective a date acceptable to the Administrative Agent;
(xiii) a certificate of the chief financial officer of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, attesting to the Solvency (i) of the Borrower and its Restricted Subsidiaries (other than the Merger Company), taken as a whole, immediately before giving effect to the Transactions, and (ii) of the Borrower and its Restricted Subsidiaries (including the Merger Company), taken as a whole, immediately after giving effect to the Transactions; and
(xiv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Prior to the Initial Loan, Agent shall have received the following duly executed by all the parties theretodocuments, each to be in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for its counsel and each Lender:
(iA) this Agreement, a Note payable to the order Certified copies of each Lender Borrower's casualty insurance policies, together with loss payable endorsements on Agent's standard form of Loss Payee Endorsement naming Agent, for its benefit and the ratable benefit of Lenders, as loss payee, and certificates of insurance in respect to each Borrower's liability insurance policies together with endorsements naming Agent, for its benefit and the amount ratable benefit of Lenders, as a co-insured;
(B) Appropriate UCC-1 Financing Statements to be filed against the Borrower in all applicable jurisdictions, in each case, executed by the appropriate Borrower, in a form acceptable to Agent that such Liens constitute valid and perfected security interests and Liens, having the Lien priority specified in Section 4.3(B) hereof;
(C) A copy of the Certificate of Incorporation of each Borrower and all amendments thereto, certified by the Secretary of State or other appropriate official of its Commitmentjurisdiction of incorporation;
(D) Good standing certificates for each Borrower issued by the Secretary of State or other appropriate official of each Borrower's, jurisdiction of incorporation and each jurisdiction where the Guaranties, conduct of such Borrower's business activities or the Pledge Agreement, ownership of their respective Properties necessitates qualification and in which the Security Agreements, and Mortgages encumbering at least 80% failure to qualify would have a material adverse effect on such Borrower or their respective business or operations;
(by valueE) A Certificate of the Secretary of each Borrower’s , together with true and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each correct copies of the other Loan DocumentsCertificate of Incorporation and Bylaws of each Borrower, and all attached exhibits amendments thereto, true and schedules;
(ii) a favorable opinion correct copies of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of each Borrower authorizing or ratifying the Borrower approving the Loan Documents to which the Borrower is a partyexecution, (B) the certificate delivery and performance of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, the Security Documents and the other Loan Documents;
(iv) certificates of a Responsible Officer Other Agreements and the names of the Borrower certifying the names and true signatures of the officer or officers of the each Borrower authorized to sign this Agreement, the Notes, Notices the Security Documents and the Other Agreements together with a sample of Borrowingthe true signature of each such officer;
(F) The Security Documents duly executed, Notices accepted and acknowledged by or on behalf of Conversion or Continuationeach of the signatories thereto;
(G) The Other Agreements duly executed and delivered by each Borrower;
(H) The favorable, written opinion of Xxxxxxxxxxxx Xxxx & Xxxxxxxxx, counsel to Borrowers as to the transactions contemplated by this Agreement and any of the other Loan Documents Documents, to which be substantially in the Borrower is a partyform of Exhibit D attached hereto;
(vI) copiesWritten instructions from each Borrower directing the application of proceeds of the initial Revolving Credit Loan made pursuant to this Agreement, certified and an initial Borrowing Base 50 Certificate from Borrowers reflecting that Borrowers have Eligible Inventory in amounts sufficient in value and amount to support the Revolving Credit Loans in the amount requested by Borrowers on the date of such certificate;
(J) An appraisal, in form and substance acceptable to Bank in its sole discretion, reflecting the value of the Inventory of Borrower as of the date Closing Date;
(K) Results of this Agreement by a Responsible Officer or UCC searches in all jurisdictions where the secretary or an assistant secretary of each Guarantor of Borrowers have assets;
(AL) Pay-off letters, in form and substance satisfactory to the resolutions Agent, from Borrowers' existing senior lenders;
(M) An executed copy of the Board Accountant's Letter; (N) Such certificates and documents reflecting the Solvency of Directors Borrowers, after giving effect to the transactions contemplated by this Agreement, as Agent and Lenders shall find acceptable, including, without limitation, pro-forma balance sheets, forecasted financial statements consisting of balance sheets, income statements and cash flow statements for Borrowers covering at least the three-year period commencing on the Closing Date, prepared by Borrowers and a fair valuation balance sheet for Borrowers showing that Borrowers are Solvent; and (or O) Such other applicable governing body) of such Guarantor approving documents, instruments and agreements as Agent shall reasonably request in connection with the Loan Documents to which it is a party,foregoing matters.
Appears in 1 contract
Samples: Loan and Security Agreement (Factory Card Outlet Corp)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the date of this Agreement from the Responsible Officer of the Borrower stating that the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) stock certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(x) insurance certificates naming the Administrative Agent loss payee or additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(xi) the initial Independent Engineer’s Report dated effective as of a date acceptable to the Administrative Agent;
(xii) the Subordination and Intercreditor Agreement;
(xiii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) the Notes (to the extent requested by any Lender under Section 2.2(g));
(iii) a favorable opinion certificate from a Responsible Officer of the Borrower’s, its Subsidiaries’ Borrower dated as of the Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Guarantors’ counsel Credit Documents to which it is a party are true and correct in all material respects; (B) no Default or Event of Default has occurred and is continuing; (C) no Material Adverse Effect has occurred since December 31, 2011 and (D) the conditions in this Section 3.1 have been met;
(iv) a certificate of the Secretary or an Assistant Secretary of the Borrower dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) copies of the articles or certificate of incorporation and bylaws or other organizational documents of the Borrower, together with all amendments thereto, (B) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, and (C) the names and true signatures of officers of the Borrower approving authorized to sign the Loan Credit Documents to which the Borrower is a partyparty (including Notices of Borrowing and requests for Letters of Credit).
(v) certificate of good standing and existence for the Borrower certified by the appropriate governmental officer in its jurisdiction of formation;
(vi) a favorable opinion of each of (A) Xxxxxx and Xxxxx, LLP, counsel to the Borrower, and (B) the certificate of incorporation Xxxxxx Xxxxxx, general counsel of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified each dated as of the date of this Agreement by a Responsible Officer or Closing Date and in form and substance satisfactory to the secretary or an assistant secretary of each Guarantor of Administrative Agent; and
(Avii) such other documents, governmental certificates, and agreements as the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewithwhich the Senior Administrative Agent has a Lien, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower Borrower, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the date of this Agreement from the Responsible Officer of the Borrower stating that the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) insurance certificates evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(x) the initial Independent Engineer’s Report dated effective as of a date acceptable to the Administrative Agent;
(xi) the Subordination and Intercreditor Agreement; and
(xii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Cano Petroleum, Inc)
Documentation. The Administrative Agent On or before the proposed Closing Date, the Agents, the LC Issuer and the LC Participants shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, to the extent applicable, and in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderthem:
(i) this Agreement, Agreement and all attached Exhibits and Schedules;
(ii) any Note requested by a Note LC Participant pursuant to Section 2.3(e) payable to the order of each Lender such requesting LC Participant in the amount of its CommitmentCommitment which Note shall evidence LC Advances made by such LC Participant as and when such LC Advances are made;
(iii) evidence from the appropriate Governmental Authority certifying as to the good standing, the Guaranties, the Pledge Agreement, the Security Agreements, existence and Mortgages encumbering at least 80% (by value) corporate authority of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, Company and each of the other Loan Documents, and Principal Subsidiaries in all attached exhibits and schedulesjurisdictions where required by the Administrative Agent or the Required LC Participants;
(iiiv) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel certificate dated as of the date Closing Date from a Responsible Officer of the Company stating that (A) all representations and warranties of such Person set forth in this Agreement and substantially in the form of other Credit Documents to which it is a party are true and correct in all material respects; (B) no Default has occurred and is continuing and (C) the attached Exhibit K covering the matters discussed conditions in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestthis Section 3.1 have been met;
(iiiv) copies, certified as of the date of this Agreement Closing Date by a Responsible Officer Secretary or an Assistant Secretary of the Borrower appropriate Person of (A) the resolutions of the Board of Directors of the Borrower Company and each Principal Subsidiary approving the Loan Credit Documents to which the Borrower it is a party, party and the transactions contemplated thereby; (B) the certificate of incorporation organizational documents of the Borrower, Company and each Principal Subsidiary and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, Agreement and the other Loan Credit Documents;
(ivvi) certificates of a Responsible Officer Secretary or an Assistant Secretary of the Borrower Company and each of the Principal Subsidiaries certifying as of the Closing Date the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Company and the Principal Subsidiaries signing this Agreement or any other Loan Documents Credit Document delivered on the Closing Date and to which the Borrower is Company and such Principal Subsidiaries are a party;
(vvii) copies(A) a security agreement in substantially the form of Exhibit F hereto (together with each security agreement supplement delivered hereunder the "Security Agreement"), certified duly executed by the Company and each Principal Subsidiary that is a Domestic Subsidiary or is the payee of the CMM Note and (B) the Mortgage together with, in each case, all documents and instruments, including financing statements, required by law or reasonably requested by the Collateral Agent to be filed, registered or recorded to create the Liens intended to be created on the Closing Date by the Collateral Documents and perfect or record such Liens to the extent, and with the priority, required by the Collateral Documents;
(viii) a certificate from the Chief Financial Officer of the Company (A) attesting to the matters set forth in Section 4.22; (B) certifying and attaching a business plan prepared by the Company for the Company and its Subsidiaries on a consolidated basis, for the remainder of 2004 and for 2005 and 2006, and a written analysis of such business plan; (C) certifying as of true and correct copies the Financial Statements and the Interim Financial Statements theretofore delivered to the Administrative Agent and each LC Participant; and (D) certifying that the projections most recently supplied to the Administrative Agent, the LC Issuer and certain LC Participants prior to the date of this Agreement in connection with the transactions contemplated by a Responsible Officer this Agreement remain accurate in all material respects to the best knowledge of such officer, or describing changes to such projections which shall not, individually or in the aggregate, be materially adverse to the LC Issuer or the secretary or an assistant secretary LC Participants;
(ix) opinions of each Guarantor of the following counsel:
(A) Xxxxx Xxxxx L.L.P., special counsel for the resolutions Credit Parties;
(B) Xxxx X. Xxxxxx III, General Counsel of the Board Company;
(C) Xxxxxxx & Xxxxxxx, Panamanian counsel to the Credit Parties;
(D) Gardere Xxxxx Xxxxxx LLP, maritime counsel for the Administrative Agent; and
(E) Azman, Davidson & Co., Malaysian counsel to certain Credit Parties;
(x) acknowledgment from CT Corporation System as of Directors the Closing Date with respect to its irrevocable appointment by the Company and each Principal Subsidiary pursuant to Section 11.11(b);
(xi) such other documents, governmental certificates and agreements as the Administrative Agent or other applicable governing bodyany LC Participant may reasonably request; and
(xii) evidence of such Guarantor approving insurance held by the Loan Documents Company and its Subsidiaries with respect to which it is a party,the DB26 vessel as of the Closing Date.
Appears in 1 contract
Samples: Letter of Credit Facility Agreement (McDermott International Inc)
Documentation. The On or before the day on which the initial Borrowing is made or the initial Letters of Credit are issued, the Administrative Agent shall have received the following duly executed by all the applicable parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, and where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, Agreement and all its attached Exhibits and Schedules;
(ii) a Note payable to the order of each Lender Bank in the amount of its Commitment;
(iii) the Security Documents and all their attached Exhibits and Schedules, the Guarantiesincluding, without limitation, (A) the Pledge AgreementAgreements, (B) the Security Agreements, and Mortgages encumbering at least 80% (by valueC) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesMortgages;
(iiiv) the Guaranties;
(v) stock certificates or, to the extent applicable under the Person's organizational documents, membership or partnership interest certificates required in connection with the Pledge Agreements and stock powers or other transfer documents for each such certificate endorsed in blank to the Administrative Agent;
(vi) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities;
(vii) a favorable opinion Notice of Borrowing with respect to the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel initial Borrowing;
(viii) a certificate dated as of the date of the initial Borrowing from a Responsible Officer stating that (A) all representations and warranties of the Borrower set forth in this Agreement and substantially in the form each of the attached Exhibit K covering other Credit Documents to which it is a party are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the matters discussed conditions in such Exhibit and such other matters as any Lender through this Section 3.01 have been met;
(ix) certificates of insurance naming the Administrative Agent may reasonably requestas loss payee or additional insured, as applicable, evidencing insurance which meets the requirements of this Agreement and the Security Documents;
(iiix) copies, certified a certificate of the secretary or assistant secretary of the General Partner certifying as of the date of this Agreement by a Responsible Officer of the Borrower of initial Borrowing (A) the resolutions of the Board of Directors existence of the Borrower approving and the Loan Documents to which the Borrower is a partyGeneral Partner, (B) the certificate of incorporation Borrower Partnership Agreement and the other organizational documents of the Borrower, (C) the bylaws General Partner's Certificate of the Borrower Organization and Regulations, (D) the resolutions of the General Partner approving this Agreement, the Notes, the other Credit Documents, and the related transactions on behalf of the Borrower, and (E) all other documents evidencing other necessary corporate action and governmental approvalscorporate, partnership or limited liability company action, if any, with respect to this Agreement, the NoteNotes, and the other Loan DocumentsCredit Documents executed and delivered on or before the date hereof;
(ivxi) certificates a certificate of a Responsible Officer Secretary or an Assistant Secretary of the General Partner of the Borrower dated as of the date of the initial Borrowing certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, Notices the Notice of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Credit Documents to which on behalf of the Borrower is a partyBorrower;
(vxii) copies, certified certificates of the secretary or assistant secretary of each of the Guarantors certifying as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of initial Borrowing (A) the organizational documents of such Guarantor, (B) the resolutions of the Board of Directors (or other applicable governing body) body of such Guarantor approving this Agreement, the Loan Guaranty, the other Credit Documents to which it such Guarantor is a party,, and the related transactions, and (C) all other documents evidencing other necessary corporate, partnership or limited liability company action, if any, with respect to this Agreement, the Guaranty, and the other Credit Documents to which such Guarantor is a party executed and delivered on or before the date hereof;
(xiii) certificates of a Secretary or an Assistant Secretary of each Guarantor dated as of the date of the initial Borrowing certifying the names and true signatures of the officers of such Guarantor authorized to sign this Agreement, the Guaranty and the other Credit Documents to which such Guarantors is a party on behalf of such Guarantor;
(xiv) certificates of good standing, existence, and authority for the Borrower, the General Partner, the Limited Partner, and each of the Guarantors from each of the states in which the Borrower, the General Partner, the Limited Partner, and each of the Guarantors is either organized or does business;
(xv) results of lien, tax, and judgment searches of the UCC Records of the Secretary of State and applicable counties of jurisdictions selected by the Administrative Agent, including, but not limited to, the states of Arizona, Colorado, Idaho, New Mexico, Texas, and Utah from a source acceptable to the Administrative Agent and reflecting no Liens (other than Permitted Liens) against any of the Collateral other than in favor of the Administrative Agent;
(xvi) favorable opinions of (a) Vinson & Elkins L.L.P., outside Texas counsel to the Borrower, and (b) Xxxx Glxxxx, General Counsel of the Borrower, in each case dated as ox xxx xxxx of the initial Borrowing and in a form reasonably acceptable to Administrative Agent and covering the Borrower and the Guarantors;
(xvii) favorable opinions of outside counsel to the Borrower and its Subsidiaries in all jurisdictions selected by the Administrative Agent and in which Collateral subject to a Mortgage and Security Agreement is located, in each case dated as of the date of the initial Borrowing and in a form reasonably acceptable to Administrative Agent;
(xviii) the Borrower Financial Statements and the other financial statements or information described in Section 4.05; and
(xix) such other documents and agreements as the Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent and each Lender shall have received the following duly executed by all the parties theretoreceived, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender, each of the following, duly executed:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestNote;
(iii) copiesa Subordination Agreement, certified in the form attached hereto as of Exhibit E (the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents “Senior Debt Subordination Agreement”), pursuant to which the Borrower is a party, (B) the certificate of incorporation Administrative Agent and each of the Lenders agrees to subordinate all of their Obligations from Borrower to Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect ’s debt obligations to this Agreement, the Note, and the other Loan Documents;Element.
(iv) certificates of a Responsible Officer Subordination Agreement, in the form attached hereto as Exhibit F (the “Junior Debt Subordination Agreement”), pursuant to which each of the Subordinated Lenders agrees to subordinate all of their debt obligations from Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents Xxxxxxxx’s Obligations to which the Borrower is a partyLenders;
(v) copiesan Extension Amendment to Promissory Note, certified in the form attached hereto as Exhibit F-2 (the “Note Extension”), pursuant to which certain of the Subordinated Lenders as set forth in Exhibit F-1 agrees to extend the maturity date of this Agreement by a Responsible Officer all of their debt obligations from Borrower;
(vi) an Amendment to Option Grant Certificate, in the form attached hereto as Exhibit G (the “Option Amendment”), pursuant to which each Option Holder agrees to amend the terms of Borrower’s obligations pursuant to the option granted to such Option Holder;
(vii) an Amendment to Common Stock Purchase Warrant, in the form attached hereto as Exhibit H (the “Warrant Amendment”), pursuant to which each Warrant Holder agrees to amend the terms of Borrower’s obligations pursuant to the warrant granted to such Warrant Holder;
(viii) with respect to Xxxxxxxx, an Officer’s Certificate in the form attached as Exhibit I (the “Officer’s Certificate”) or in such form as Administrative Agent or Lenders may reasonably require to establish the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) due organization, valid existence and good standing of such Guarantor approving the party, its qualification to engage in business in each jurisdiction in which it is engaged in business or required to be so qualified, its authority to execute, deliver and perform any Loan Documents to which it is a party,, and the identity, authority and capacity of each responsible official thereof authorized to act on its behalf, including certified copies of charters and amendments thereto, bylaws and amendments thereto, and operating agreements and amendments thereto, certificates of good standing and/or qualifications to engage in business, certified entity resolutions, incumbency certificates, certificates of responsible officials, and the like;
(ix) with respect to each Loan Party, such documentation as Administrative Agent or Lenders may require to establish the due organization, valid existence and good standing of such party, its qualification to engage in business in each jurisdiction in which it is engaged in business or required to be so qualified, its authority to execute, deliver and perform any Loan Documents to which it is a party, and the identity, authority and capacity of each responsible official thereof authorized to act on its behalf, including certified copies of charters and amendments thereto, bylaws and amendments thereto, and operating agreements and amendments thereto, certificates of good standing and/or qualifications to engage in business, certified entity resolutions, incumbency certificates, certificates of responsible officials, and the like; and
(x) such other certificates, documents, instruments, consents and opinions as Administrative Agent or Lenders may require.
Appears in 1 contract
Documentation. The Administrative Agent effectiveness of this Agreement is subject to the conditions precedent that the Lender shall have received the following received:
(a) This Agreement, duly executed by all the parties theretoBorrower;
(b) The Revolving Note, in the form attached hereto as Exhibit A, duly executed by the Borrower
(c) The Guaranties executed by Xxxxxx and substance satisfactory to Holdings;
(d) The Security Agreements, duly executed by the Administrative Agent, Borrower and Holdings;
(e) The Pledge Agreement executed by Holdings;
(f) The Landlord Waiver duly executed by BioStart Properties LLC and Borrower;
(g) Form U-1 executed by the Issuing Lender and the Lenders, and, where applicable, Borrower;
(h) Stock Power executed in sufficient copies for each Lender:blank by Holdings;
(i) this AgreementEvidence of insurance required to be maintained under the Loan Documents, a Note payable to naming the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% as loss payee;
(by valuej) Lender shall have received copies of the Borrower’s and Holdings’ articles of incorporation and bylaws (or comparable organizational documents) and any amendments thereto, certified in each instance by its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesSecretary or Assistant Secretary;
(iik) a favorable opinion the Lender shall have received copies of resolutions of Borrower’s and Holding’s authorizing the Borrower’sexecution, its Subsidiaries’ delivery and the Guarantors’ counsel dated as of the date performance of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower it is a partyparty and the consummation of the transactions contemplated hereby and thereby, together with specimen signatures of the persons authorized to execute such documents on Borrower’s and Holdings’ behalf, all certified in each instance by its Secretary or Assistant Secretary;
(vl) copies, certified as the Lender shall have received copies of the date certificates of this Agreement by a Responsible Officer or good standing for each of the Borrower and Holdings (dated no earlier than 30 days prior to the Closing Date) from the office of the secretary of the state of its incorporation or an assistant secretary organization and of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to state in which it is qualified to do business as a party,foreign corporation or organization;
(m) A Certificate of No Default certifying the absence of defaults by the Borrower and Holdings under the Credit Agreement, executed and certified by the an authorized officer of the Borrower and Holdings;
(n) Such other documents as the Lender may reasonably request.
Appears in 1 contract
Samples: Business Loan Agreement (Advanced Life Sciences Holdings, Inc.)
Documentation. The Administrative Agent There shall have received the following duly executed by all the parties thereto, in form and substance satisfactory been delivered to the Administrative Agent, Purchaser the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderfollowing:
(i) this AgreementA certificate, a Note payable to dated the order of each Lender in the amount of its CommitmentClosing Date, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s Seller and its Subsidiaries’ Proven Reserves the Seller confirming the matters set forth in Sections 5.3(a) and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules(b);
(ii) a favorable opinion A certificate, dated the Closing Date, of the Borrower’sSeller certifying that attached to such certificate (A) is a true and correct copy of the Certificate of Incorporation and by-laws (or comparable instruments) of the Seller and all amendments, its Subsidiaries’ and the Guarantors’ counsel dated if any, thereto as of the date of this Agreement and substantially in thereof; (B) are the form names of the attached Exhibit K covering directors and officers of the matters discussed Seller; (C) is a true copy of all corporate actions taken by the board of directors of the Seller (which actions shall have been taken prior to the date of entering into this Agreement) to authorize the Acquisition; and (D) are the names and signatures of the duly elected or appointed officers of the Seller who are authorized to execute and deliver this Agreement, the other Transaction Documents to which the Seller is a party and any certificate, document or other instrument in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestconnection herewith;
(iii) copiesTrue, certified as correct and complete copies of all the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower Required Consents and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsPermits;
(iv) certificates The resignation of a Responsible Officer all officers and directors of the Borrower certifying Seller as may have been requested by the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyPurchaser;
(v) copies, certified as Good standing certificates of the date Seller from the Secretary of this Agreement by a Responsible Officer State (or the secretary or an assistant secretary comparable authority) of each Guarantor jurisdiction in which the Seller is organized;
(vi) A signed opinion of Seller's counsel, dated the Closing Date, addressed to the Purchaser, substantially in the form and to the effect of Exhibit A attached hereto;
(Avii) the resolutions true, correct and complete copies of monthly financial statements of the Board Seller;
(viii) executed copy of Directors a Employment Agreement between the Principal Stockholder and the Purchaser, in the form attached hereto as Exhibit B;
(or other applicable governing bodyix) executed copy of such Guarantor approving a Non-Competition Agreement between the Loan Documents to which it is a party,Purchaser, Seller and the Principal Stockholder, in the form attached hereto as Exhibit C;
Appears in 1 contract
Samples: Stock Purchase Agreement (American Vantage Companies)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower, the Guarantors and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, and, with respect to this Agreement, the Issuing Lender Notes, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each Lender:Bank (except for each Note, as to which one original of each shall be sufficient):
(i) this Agreement, a Note duly executed by the Borrower and payable to the order of each Lender in Bank that has requested the amount of its Commitmentsame, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ and Parent on behalf of the Guarantors’ counsel Borrower dated as of the date Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and substantially the Credit Documents are true and correct in all material respects (except to the form extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects); (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the attached Exhibit K covering Borrower's knowledge there are no claims, defenses, counterclaims or offsets by the matters discussed in such Exhibit and such other matters as any Lender through Borrower against the Administrative Agent may reasonably requestBanks under the Credit Documents;
(iii) copiesa certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower, certified each Guarantor, each Subsidiary of the Parent and each general partner or managing member (if any) of each of the foregoing, dated as of the date of this Agreement by a Responsible Officer Closing Date certifying as of the Borrower of Closing Date to the extent applicable (A) the names and true signatures of officers or authorized representatives of the general partner of such Person authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the Borrower general partner of such Person approving the Loan Documents to which the Borrower is a party, (B) the certificate transactions herein contemplated and of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalsand other third party approvals and consents, if any, with respect to this Agreementthe transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of the Noteorganizational documents of the general partner of such Person, (D) a true and correct copy of the bylaws, operating agreement, partnership agreement or other governing document of such Person, and (E) a true and correct copy of all partnership or other organizational authorizations necessary or desirable in connection with the other Loan Documentstransactions herein contemplated;
(iv) certificates of a Responsible Officer certificate of the Borrower certifying the names and true signatures Secretary or an Assistant Secretary of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified Parent dated as of the date Closing Date certifying as of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Closing Date (A) the resolutions of the Board of Directors (or other applicable governing body) the members of the general partner of such Guarantor Person approving the Loan transactions herein contemplated and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to the transactions under the Credit Documents and each Credit Document to which it is or is to be a party,, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the Parent made since such date, and (C) that the Parent owns 100% of the general partner interests and at least 70% of the limited partnership interests in the Borrower;
(v) a copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of incorporation, organization or formation of each of the Parent, the Borrower and each Guarantor, dated reasonably near (but prior to) the Closing Date, certifying, if and to the extent such certification is generally available for entities of the type of such Person, (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Person, and each amendment thereto on file in such Secretary's office, (B) that (1) such amendments are the only amendments to the charter, certificate of limited partnership, limited liability company agreement or other organizational document, as applicable, of such Person on file in such Secretary's office, (2) such Person has paid all franchise taxes to the date of such certificate and (C) such Person is duly incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation;
(vi) A copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any of the Parent, the Borrower and each Guarantor owns or leases property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed could not reasonably be expected to result in a Material Adverse Change, dated reasonably near (but prior to) the Closing Date, with respect to each such Person that such Person is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such State and has filed all annual reports required to be filed to the date of such certificate;
(vii) (A) one or more favorable written opinions of XxXxxxx, Diamond and Ash, Xxxxx & Xxxxxxx, LLP and Hunton & Xxxxxxxx LLP, each special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve;
(viii) in the event the initial Advance is a LIBOR Advance made on the Closing Date, a breakage indemnity letter agreement executed by the Borrower and dated as of the date of the related Notice of Borrowing in form and substance satisfactory to the Administrative Agent;
(ix) any information or materials reasonably required by the Administrative Agent or any Bank in order to assist the Administrative Agent or such Bank in maintaining compliance with (i) the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and (ii) any applicable “know your customer” or similar rules and regulations;
(x) a Compliance Certificate duly executed by a Responsible Officer of the Parent, dated the Closing Date or, if later, the date of the initial Advance, in each case confirming that the Parent is in compliance with the covenants contained in Article VII on such date (including after giving effect to the initial Advance, if any, made on such date); and
(xi) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent may reasonably request.
Appears in 1 contract
Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)
Documentation. The Administrative Agent Lender shall have received the following duly executed by all the parties theretoreceived, in form and substance satisfactory to it and its counsel, each of the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderfollowing duly executed:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesexcept for the Patent Assignment Agreement;
(ii) a favorable opinion evidence that immediately upon funding Term Loan A the Consent Conditions will be met (subject to the requirements of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestSection 3.2);
(iii) copiesfrom Borrower, a certificate of its secretary or assistant secretary dated as of the Funding Date as to: (A) resolutions of its Board of Directors then in full force and effect authorizing the execution, delivery and performance of each Loan Document to be executed by it; (B) its bylaws, a copy of which is attached; and (C) the incumbency and signatures of those of its officers authorized to act with respect to the Loan Documents to be executed by it;
(iv) with respect to Borrower: (A) from the Secretary of State (or other appropriate governmental official) of its jurisdiction of incorporation, a good standing certificate and certified copy of its certificate of incorporation and (B) a certificate of good standing as a foreign corporation from the Secretary of State of each jurisdiction, if any, described in Section 6.1, in each case dated within five (5) Business Days of the Closing Date;
(v) evidence of the insurance coverage and endorsements required by Section 7.13;
(vi) formal approval of the transactions contemplated herein by Lender’s Investment Committee;
(vii) an officer’s certificate of Borrower, certifying that the Limited Partnership Agreement of the SPE being entered into as of the date of this Agreement by a Responsible Officer of the Borrower of and hereof will (A) include provisions concerning the resolutions conduct of business of the SPE in the form attached hereto as Exhibit I (the “Conduct of Business Provisions”); and (B) prohibit amendment of the Conduct of Business Provisions without Lender’s consent;
(viii) a certificate from the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws certifying that, in such Board of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this AgreementDirector’s good faith business judgment, the Note, and transactions contemplated by the other Loan DocumentsConsent Conditions do not constitute a sale of all or substantially all of Borrower’s assets;
(ivix) certificates of a Responsible Officer evidence of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partythird-party consents listed on Schedule 6.3;
(vx) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor duly executed copy of (A) that certain release and (B) payoff letter from Silicon Valley Bank, along with any discharges of any financing statements pursuant to the resolutions of Code related to the Board of Directors Collateral; and
(or xi) such other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,documents and information as Lender may reasonably require;
Appears in 1 contract
Documentation. The Administrative Agent shall have received counterparts ------------- of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative AgentAgents, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:Bank (except with respect to the Property Security Documents, the Participating Lessee Documents (except for the Credit Card Agreements and the Depository Account Agreements with financial institutions other than the Cash Manager), the Financing Statements (Borrower), or the Financing Statements (Participating Lessee)):
(i) this Agreementthe Notes, a Note payable to the order of each Lender in the amount of its Commitment, the all Guaranties, the Pledge Environmental Indemnity, the Security Agreement, the Security AgreementsMortgages, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, Credit Documents and all attached exhibits the Participating Lessee Documents which have been prepared for execution on the Effective Date and schedulesany related Financing Statements;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ General Partner on behalf of the Borrower dated as of the Effective Date stating that as of the Effective Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Guarantors’ counsel Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) there are no claims, defenses, counterclaims or offsets against the Banks under the Credit Documents;
(iii) a certificate of the Secretary or an Assistant Secretary of the General Partner on behalf of the Borrower and each Guarantor dated as of the date of this Agreement certifying as of the date of this Agreement (A) the names and true signatures of officers or authorized representatives of the general partner of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the general partner of such Person with respect to the transactions herein contemplated, (C) either (x) the copies of the organizational documents of the general partner of such Person delivered to the Banks are still true and correct and have not been amended or modified since such date or (y) copies of any modification or amendment to the organizational documents of the general partner of such Person made since such date, (D) a true and correct copy of the partnership agreement for such Person, and (E) a true and correct copy of all partnership authorizations necessary or desirable in connection with the transactions herein contemplated;
(iv) a certificate of the Secretary or an Assistant Secretary of the Parent dated as of the date of this Agreement certifying as of the date of this Agreement (A) resolutions of the Board of Directors of such Person with respect to the transactions herein contemplated, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the Parent made since such date, (C) the issuance of the Parent Common Stock pursuant to the Public Offering Documents;
(v) a certificate of the Secretary or an Assistant Secretary of the general partner of the Participating Lessee on behalf of the Participating Lessee dated as of the date of this Agreement certifying as of the date of this Agreement (A) the partnership authorization of such Person with respect to the transactions contemplated by the Participating Leases and the Participating Lessee Documents, (B) the copies of the Partnership Agreement and any modification or amendment to the Partnership Agreement of the Participating Lessee made since such date;
(vi) (A) one or more favorable written opinions of Battle Xxxxxx L.L.P., special counsel for the Borrower, the Parent, and the Participating Lessee and the Manager and their Subsidiaries, substantially in the form of the attached Exhibit K covering DD, in each case dated as of the matters discussed Closing Date and with such changes as the Agents may approve, (B) one or more favorable written opinions of Kane, Russell, Xxxxxxx & Xxxxx, special Texas counsel for the Borrower, the Parent, and the Participating Lessee and the Manager and their Subsidiaries, substantially in the form of the attached Exhibit EE, in each case dated as of the Closing Date and with such changes as the Agents may approve, (C) a reliance letter from Battle Xxxxxx L.L.P., as counsel to the Parent, and each other counsel (other than underwriters' counsel) delivering an opinion in connection with the Public Offering, in each case addressed to the Agents and the Banks and satisfactory in form and substance to the Agents stating that the Agents and the Banks may rely on such opinions as if they were original addressees thereof, and in each case attaching an executed original thereof, (D) one or more favorable written opinions of the local counsel for the Borrower, the Parent, the Participating Lessee and the Manager and their Subsidiaries for each state in which a Hotel Property is located, substantially in the form of the attached Exhibit FF, in each case dated as of the Closing Date and with such changes as the Agents may approve, (E) one or more favorable written opinions of Ballard, Spahr, Xxxxxxx & Xxxxxxxxx, special Maryland counsel for the Parent, substantially in the form of the attached Exhibit GG, in each case dated as of the Closing Date and with such changes as the Agents may approve, (F) one or more favorable written opinions of McDonald, Hopkins, Xxxxx & Xxxxxx Co., special Ohio counsel for 3100 Glendale Joint Venture, substantially in the form of the attached Exhibit HH, in each case dated as of the Closing Date and with such changes as the Agents may approve, (G) one or more favorable written opinions of Xxxxx & Lardner, special Wisconsin counsel for Madison Motel Associates, substantially in the form of the attached Exhibit II, in each case dated as of the Closing Date and with such changes as the Agents may approve, and (H) one or more favorable written opinions of McDonald, Carano, Wilson, McCune, Xxxxxx, Xxxxxxxxxx &Hicks LLP, special Nevada counsel for the General Partner, substantially in the form of the attached Exhibit JJ, in each case dated as of the Closing Date and with such changes as the Agents may approve;
(vii) a Borrowing Base Certificate dated as of July 31, 1996, each duly completed and executed by the Chief Financial Officer or Treasurer of the General Partner on behalf of the Borrower; and
(viii) such other matters documents, governmental certificates, agreements, lien searches as any Lender through the Administrative either Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,.
Appears in 1 contract
Samples: Credit Agreement (American General Hospitality Corp)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Term Note payable to the order of each requesting Term Lender in the amount of its Term Commitment, a Revolving Note payable to the order of each requesting Revolving Lender in the amount of its Revolving Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ ' personal property and encumbering at least 90% of all of the Loan Parties' Proven Reserves (as set forth in the Initial Engineering Report) and Oil and Gas Properties in connection therewith, account control agreements required pursuant to Section 5.12 and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ 's and the Guarantors’ ' primary counsel dated as of the date of this Agreement in form and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) a favorable opinion of local counsel in each jurisdiction where a Mortgage will be filed in such form and covering such matters as the Administrative Agent may reasonably request;
(iv) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the articles or certificate of incorporation and the bylaws of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(ivv) certificates of a Responsible Officer the secretary or assistant secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(vvi) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization or formation) and bylaws (or partnership or company agreement) of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(viii) a certificate dated as of the Initial Funding Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met; (D) that after giving effect to the Credit Extensions occurring on the Initial Funding Date and the Merger, the Borrower shall have Liquidity in excess of $10,000,000; (E) attached to such certificate are true, correct and complete copies of the Merger Agreement and the Accession Agreement as in full force and effect as of the date of such certificate; and (F) the Merger is being consummated substantially simultaneously with delivery of such certificate, in compliance with applicable law and regulatory approvals, and substantially in accordance with the Merger Agreement;
(ix) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(x) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates and endorsements naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and otherwise satisfactory to the Administrative Agent;
(xi) the Initial Engineering Report;
(xii) stock, membership or partnership certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(xiii) a Compliance Certificate completed and executed by a Responsible Officer of the Borrower showing the calculation of, and Borrower’s pro forma compliance with Section 6.18, 6.19 and 6.20 as of the Initial Funding Date after giving effect to the Credit Extensions requested and made on the Initial Funding Date;
(xiv) certificates of good standing and existence for each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent Lenders shall have received received, in form and substance satisfactory to each Lender, each of the following following, duly executed and acknowledged where appropriate by all the parties thereto:
(i) This Agreement;
(ii) the Notes issued to each Lender reflecting the Loans made by such Xxxxxx;
(iii) [reserved];
(iv) the Collateral Documents, together with such UCC financing statements, evidence of the book-entry issuance of 150,000 shares of Borrower Common Stock, and stock powers, original promissory notes, notices of security interest to be filed in the United States Patent and Trademark Office and other instruments and documents required to be delivered under the Collateral Documents or as the Collateral Agent may otherwise determine to be necessary or reasonably appropriate to perfect the Liens granted thereunder, all in form and substance acceptable to the Collateral Agent;
(v) specimen signatures certified by an appropriate officer of each Credit Party;
(vi) Organization Documents and resolutions of the board of directors, or equivalent governing body, of each Credit Party, together with such other documents and certificates as the Lenders or their counsel may reasonably request relating to the organization, existence and good standing of each Credit Party, the authorization of the Transactions and any other legal matters relating to the Credit Parties, the Loan Documents or the Transactions;
(vii) UCC and other search results required by the Lenders;
(viii) certificates, dated as of the Closing Date, of the chief financial officer of Xxxxxxxx as to the Solvency of the Credit Parties (after giving effect to the Transactions);
(ix) the SBA Forms 480, 652 and 1031 (Parts A and B) completed by Borrower with respect to the Loans;
(x) the Small Business Administration Economic Impact Assessment completed by Xxxxxxxx, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iixi) a favorable opinion funds flow memorandum in form and substance satisfactory to the Lenders that will provide, among other things, for the payoff of the EIDL loan obtained by the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iiixii) copies, certified as of documentation authorizing the date of this Agreement by Lenders to draft interest payments under the Loans from a Responsible Officer checking account of the Borrower of (A) in form and substance acceptable to the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsLenders;
(ivxiii) certificates evidence of a Responsible Officer insurance complying with the requirements of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;Section 6.7; and
(vxiv) copies, certified such other documents as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Lenders may reasonably require.
Appears in 1 contract
Samples: Loan Agreement (Guerrilla RF, Inc.)
Documentation. The On or before the Effective Date, the Administrative Agent and the Lenders shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, Agreement and all attached exhibits Exhibits and schedulesSchedules;
(ii) a favorable opinion Reaffirmation of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as Guaranties described in Part I of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestSchedule 3.01(a)(iv);
(iii) copies, certified as a Reaffirmation of the date Pledge Agreements described in Schedule 3.01(a)(v);
(iv) a Reaffirmation of this Agreement by the Security Agreements;
(v) certificates from a Responsible Officer of the Borrower Company stating that (A) all representations and warranties of the Loan Parties set forth in the Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(vi) certificates from the secretary of the Company certifying no change since the Original Closing Date as of the Effective Date of (A) the resolutions of the Board of Directors of the Borrower each Loan Party approving the Loan Credit Documents to which the Borrower it is a partyparty and the transactions contemplated thereby, (B) the articles or certificate (as applicable) of incorporation or other charter document and bylaws of the Borrowereach Loan Party, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Credit Documents;
(ivvii) certificates of a Responsible Officer of each of the Borrower Loan Parties certifying the names and true signatures of the officers of the Borrower Loan Parties authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Credit Documents to which the Borrower is such Loan Parties are a party;
(vviii) copiesa favorable opinion of Xxxx Xxxxxxxxxx, certified as General Counsel to the Company, substantially in the form of the date of this Agreement by a Responsible Officer or attached Exhibit M;
(ix) such other documents, governmental certificates and agreements as the secretary or an assistant secretary of each Guarantor of (A) Administrative Agent and the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Lender may reasonably request.
Appears in 1 contract
Documentation. The On or before the day on which the initial Borrowing is made or the initial Letters of Credit are issued, the Administrative Agent and the Lenders shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, Agreement and all attached Exhibits and Schedules;
(A) a Revolving Note by the Company payable to the order of each Lender with a Revolving Commitment in the amount of its Revolving Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iiB) a favorable opinion Revolving Note by the Mexican Borrower payable to the order of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially each Lender with a Revolving Commitment in the form amount of 24% of its Revolving Commitment; and (C) a Term Note by the attached Exhibit K covering Company payable to the matters discussed order of each Lender with a Term Commitment in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestamount of its Term Commitment;
(iii) the Swingline Note executed by the Company;
(iv) the Guaranties described in Part I of Schedule 3.01(a)(iv);
(v) the Pledge Agreements described in Schedule 3.01(a)(v), in each case together with stock certificates, stock powers executed in blank, UCC-1 financing statements, and any other documents, agreements, or instruments necessary to create an Acceptable Security Interest in such equity interests;
(vi) the Security Agreements executed by each Material Domestic Subsidiaries (other than Pipelines, Inc.) granting to the Administrative Agent for the benefit of the Lenders a Lien in substantially all of the personal property of such Material Domestic Subsidiaries (other than personal property not subject to the Uniform Commercial Code and the MARAD Collateral) to secure the Obligations, in each case together with UCC-1 financing statements and any other documents, agreements, or instruments necessary to create an Acceptable Security Interest in such pledged collateral;
(vii) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the Loan Parties in all jurisdictions where reasonably required by the Administrative Agent;
(viii) certificates from a Responsible Officer of the Company stating that (A) all representations and warranties of the Loan Parties set forth in the Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(ix) copies, certified as of the date of this Agreement Closing Date by a Responsible Officer of the Borrower appropriate Person of (A) the resolutions of the Board of Directors of the Borrower each Loan Party approving the Loan Credit Documents to which the Borrower it is a partyparty and the transactions contemplated thereby, (B) the articles or certificate (as applicable) of incorporation or other charter document and bylaws of the Borrowereach Loan Party, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Credit Documents;
(ivx) certificates of a Responsible Officer of each of the Borrower Loan Parties certifying the names and true signatures of the officers of the Borrower Loan Parties authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Credit Documents to which the Borrower is such Loan Parties are a party;
(vxi) copiescertificates of insurance from an insurance agent or insurer evidencing compliance with the requirements of Section 5.02 and the Security Documents;
(xii) a favorable opinion of Xxxxxx & Xxxxxx, certified as L.L.P., counsel to the Company, substantially in the form of the date attached Exhibit M;
(xiii) a certificate from the Company's chief financial officer addressed to the Administrative Agent and each of the Lenders, which shall be in form and in substance reasonably satisfactory to the Administrative Agent and shall state that, subject to the qualifications stated therein, after giving effect to the initial Borrowings contemplated under this Agreement by and the other Credit Documents, (i) on a Responsible Officer or pro forma basis, the secretary or an assistant secretary fair value and present fair saleable value of the Company's and each Guarantor of its Material Subsidiaries' assets would exceed its stated liabilities and identified Contingent Obligations; (Aii) the resolutions Company and each of its Material Subsidiaries should be able to pay their debts as they become absolute and mature; and (iii) the Board Company and each of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents its Material Subsidiaries will have sufficient capital to which engage in its business as management has indicated it is a party,now conducted; and
(xiv) such other documents, governmental certificates and agreements as the Administrative Agent and the Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge AgreementAgreements, the Security Agreements, the Subordination and Intercreditor Agreement (as defined in this Agreement prior to the Amendment No. 11 Effective Date), and new Mortgages encumbering or reaffirmation of existing Mortgages which collectively (A) encumber at least 8085% (by value) of all of the Borrower’s 's and its Restricted Subsidiaries’ ' (including the Merger Company's) Proven Reserves and Oil and Gas Properties in connection therewith(other than the Proven Reserves of Orion), and (B) encumber such percentage of Orion's Proven Reserves and Oil and Gas Properties attributable to the Borrower's equity ownership therein, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ 's and the Guarantors’ Restricted Subsidiaries' counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K K, covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent Agent, on behalf of the Lenders, may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board board of Directors directors of the Borrower General Partner, as general partner of the Borrower, approving the Loan Documents to which the Borrower is a partyparty and authorizing the entering into of Hedge Contracts, (B) the certificate of incorporation of the BorrowerPartnership Agreement, (C) the bylaws certificate of limited partnership of the Borrower duly certified by the Secretary of State of the State of Texas, and (D) the limited liability company agreement of the General Partner, (E) the certificate of formation of the General Partner duly certified by the Secretary of State of the State of Texas, (F) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents and Hedge Contracts to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor Restricted Subsidiary (including the Merger Company, after giving effect to the Merger) of (A) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of such Guarantor Restricted Subsidiary approving the Loan Documents to which it is a party and authorizing the entering into of Hedge Contracts, (B) the articles or certificate (as applicable) of incorporation (or organization) of such Restricted Subsidiary certified by the Secretary of State for the state of organization, (C) the bylaws or other governing documents of such Restricted Subsidiary, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents and Hedge Contracts to which such Restricted Subsidiary is a party,;
(vi) a certificate of a Responsible Officer of each Restricted Subsidiary certifying the names and true signatures of officers of such Restricted Subsidiary authorized to sign the Guaranty, Security Instruments and the other Loan Documents and Hedge Contracts to which such Restricted Subsidiary is a party;
(vii) certificates of good standing for the Borrower, the General Partner, and each Restricted Subsidiary in each state in which each such Person is organized or qualified to do business, which certificate shall be (A) dated a date not sooner than 14 days prior to the date of this Agreement or (B) otherwise effective on the Effective Date;
(viii) a certificate dated as of the date of this Agreement from the Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects as of such date (except in the case of representations and warranties that are made solely as of an earlier date or time, which representations and warranties shall be true and correct in all material respects as of such earlier date or time); (B) no Default has occurred and is continuing; and (C) the conditions in clauses (a), (b), (c), and (h) – (n) of this Section 3.01 have been met;
(ix) appropriate UCC-1 and UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(x) certificates evidencing the Equity Interests required in connection with the Pledge Agreements and powers executed in blank for each such certificate;
(xi) insurance certificates naming the Administrative Agent loss payee or additional insured, as applicable, and evidencing insurance that meet the requirements of this Agreement and the Security Instruments, and that are otherwise satisfactory to the Administrative Agent;
(xii) the initial Engineering Report dated effective a date acceptable to the Administrative Agent;
(xiii) a certificate of the chief financial officer of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, attesting to the Solvency (i) of the Borrower and its Restricted Subsidiaries (other than the Merger Company), taken as a whole, immediately before giving effect to the Transactions, and (ii) of the Borrower and its Restricted Subsidiaries (including the Merger Company), taken as a whole, immediately after giving effect to the Transactions; and
(xiv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower, the Guarantors and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, and, with respect to this Agreement, the Issuing Lender Notes, the Guaranty and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each Lender:Bank (except for each Note, as to which one original of each shall be sufficient):
(i) this Agreement, a Note or Notes (as applicable) duly executed by the Borrower and payable to the order of each Lender in Bank that has requested the amount of its Commitmentsame, the Guaranties, the Pledge Agreement, the Security AgreementsGuaranty, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Borrower’s, its Subsidiaries’ and Parent on behalf of the Guarantors’ counsel Borrower dated as of the date Closing Date stating that as of the Closing Date (A) all representations and warranties of the Borrower set forth in this Agreement and substantially the Credit Documents are true and correct in all material respects (except to the form extent that any representation or warranty that is qualified by materiality shall be true and correct in all respects); (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the attached Exhibit K covering Borrower’s knowledge there are no claims, defenses, counterclaims or offsets by the matters discussed in such Exhibit Borrower, the Parent and such other matters as any Lender through of their Subsidiaries against the Administrative Agent may reasonably requestBanks under the Credit Documents;
(iii) copiesa certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower, certified each Guarantor, each Subsidiary of the Parent and each general partner or managing member (if any) of each of the foregoing, dated as of the date of this Agreement by a Responsible Officer Closing Date certifying as of the Borrower of Closing Date to the extent applicable (A) the names and true signatures of officers or authorized representatives of the general partner of such Person authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the Borrower general partner of such Person approving the Loan Documents to which the Borrower is a party, (B) the certificate transactions herein contemplated and of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvalsand other third party approvals and consents, if any, with respect to this Agreementthe transactions under the Credit Documents and each Credit Document to which it is or is to be a party, (C) a true and correct copy of the Noteorganizational documents of the general partner of such Person, (D) a true and correct copy of the bylaws, operating agreement, partnership agreement or other governing document of such Person, and (E) a true and correct copy of all partnership or other organizational authorizations necessary or desirable in connection with the other Loan Documentstransactions herein contemplated;
(iv) certificates of a Responsible Officer certificate of the Borrower certifying the names and true signatures Secretary or an Assistant Secretary of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified Parent dated as of the date Closing Date certifying as of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Closing Date (A) the resolutions of the Board of Directors (or other applicable governing body) the members of the general partner of such Guarantor Person approving the Loan transactions herein contemplated and of all documents evidencing other necessary corporate action and governmental and other third party approvals and consents, if any, with respect to the transactions under the Credit Documents and each Credit Document to which it is or is to be a party,, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the Parent made since such date, and (C) that the Parent owns 100% of the general partner Equity Interests and at least 70% of the limited partner Equity Interests in the Borrower;
(v) a copy of a certificate of the Secretary of State (or equivalent authority) of the jurisdiction of incorporation, organization or formation of each of the Parent, the Borrower and each Guarantor, dated reasonably near (but prior to) the Closing Date, certifying, if and to the extent such certification is generally available for entities of the type of such Person, (A) as to a true and correct copy of the charter, certificate of limited partnership, limited liability company agreement or other organizational document of such Person, and each amendment thereto on file in such Secretary’s office, (B) that (1) such amendments are the only amendments to the charter, certificate of limited partnership, limited liability company agreement or other organizational document, as applicable, of such Person on file in such Secretary’s office, (2) such Person has paid all franchise taxes to the date of such certificate and (C) such Person is duly incorporated, organized or formed and in good standing or presently subsisting under the laws of the jurisdiction of its incorporation, organization or formation;
(vi) a copy of a certificate of the Secretary of State (or equivalent authority) of each jurisdiction in which any of the Parent, the Borrower and each Guarantor owns or leases property or in which the conduct of its business requires it to qualify or be licensed as a foreign corporation except where the failure to so qualify or be licensed could not reasonably be expected to result in a Material Adverse Change, dated reasonably near (but prior to) the Closing Date, stating with respect to each such Person that such Person is duly qualified and in good standing as a foreign corporation, limited partnership or limited liability company in such state and has filed all annual reports required to be filed to the date of such certificate;
(vii) (A) one or more favorable written opinions of XxXxxxx, Diamond & Ash LLP, Xxxxx & Vidovic LLP and DLA Piper LLP, each special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of the Closing Date and with such changes as the Administrative Agent may approve;
(viii) in the event the initial Advance is a LIBOR Advance made on the Closing Date, a breakage indemnity letter agreement executed by the Borrower and dated as of the date of the related Notice of Borrowing in form and substance satisfactory to the Administrative Agent;
(ix) any information or materials reasonably required by the Administrative Agent or any Bank in order to assist the Administrative Agent or such Bank in maintaining compliance with (i) the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and (ii) any applicable “know your customer” or similar rules and regulations;
(x) a Compliance Certificate duly executed by a Responsible Officer of the Parent, dated the Closing Date or, if later, the date of the initial Advance, in each case confirming that the Parent is in compliance with the covenants contained in Article VII on such date (including after giving effect to the initial Advance, if any, made on such date);
(xi) (i) evidence as to whether each Hotel Property encumbered by a New York Mortgage is in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards (a “Flood Hazard Property”) pursuant to a standard flood hazard determination form ordered and received by the Administrative Agent and held by the Administrative Agent on behalf of the Banks, and (ii) if such property is a Flood Hazard Property, (A) evidence as to whether the community in which such property is located is participating in the National Flood Insurance Program, (B) the Borrower’s written acknowledgment of receipt of written notification from the Administrative Agent as to the fact that such property is a Flood Hazard Property and as to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (C) copies of the Borrower’s application for a flood insurance policy plus proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance satisfactory to the Administrative Agent and naming the Administrative Agent as sole loss payee on behalf of the Banks (collectively, the “Flood Insurance Requirements”);
(xii) evidence satisfactory to the Administrative Agent that the 2021 Term Loan Agreement has been made, or shall simultaneously with this Agreement be made, effective; and
(xiii) such other documents, governmental certificates, agreements, and lien searches as the Administrative Agent may reasonably request.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (LaSalle Hotel Properties)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s and its Subsidiaries’ personal property and encumbering at least 90% of all of the Loan Parties’ Proven Reserves (as set forth in the Initial Engineering Report) and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ ’s and the Guarantors’ primary counsel dated as of the date of this Agreement in form and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;; HOUSTON\2067330.8 -43-
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the articles or certificate of incorporation and the bylaws of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer the secretary or assistant secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization or formation) and bylaws (or partnership or company agreement) of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the Initial Funding Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments (including business interruption insurance), and which is otherwise satisfactory to the Administrative Agent;
(x) the Initial Engineering Report;
(xi) stock, membership or partnership certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(xii) a Compliance Certificate completed and executed by a Responsible Officer of the Borrower showing the calculation of, and Borrower’s pro forma compliance with HOUSTON\2067330.8 -44-
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge AgreementAgreements, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, including the Subordination and Intercreditor Agreement, and all attached exhibits and schedules;
(ii) a favorable opinion opinions of the Borrower’s, its Subsidiaries’ ’, and the Guarantors’ counsel dated as of the date of this Agreement in form and substantially in substance reasonably satisfactory to the form of Lenders and the attached Exhibit K Administrative Agent and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board board of Directors directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate articles of incorporation and bylaws of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents, and (D) the Contribution Agreement as in effect on the Effective Date;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, the Security Instruments, the Notices of Borrowing, the Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors Managers (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation or organization and bylaws (or equivalent) of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the date of this Agreement from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, financing statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) stock certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(x) insurance certificates naming the Administrative Agent loss payee or additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(xi) the initial Independent Engineering Reports dated effective as of a date acceptable to the Administrative Agent; and
(xii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent On or before the day on which the initial Advance is to be made or the initial Letter of Credit is to be issued, the Bank shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the GuarantiesNote, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesa Federal Reserve Form U-1;
(ii) a favorable opinion certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of the Borrower’s, its Subsidiaries’ Borrower in all jurisdictions where the Borrower is organized and does business where the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may failure to so qualify could reasonably requestbe expected to cause a Material Adverse Change;
(iii) certificates from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) all conditions in this Section 3.01 have been met;
(iv) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving this Agreement, the Loan Documents to which Note, the Borrower is a partyPledge Agreement and the other Credit Documents, (B) the certificate articles of incorporation and bylaws of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, the Pledge Agreement and the other Loan Credit Documents;.
(ivv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the NotesNote, Notices of Borrowing, Notices of Conversion or Continuationthe Pledge Agreement, and the other Loan Documents to which the Borrower is a partyCredit Documents;
(vvi) copies, certified as a favorable opinion of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions General Counsel of the Board Borrower, substantially in the form of Directors the attached Exhibit D;
(or vii) all certificates evidencing the Pledged Shares and related stock powers in favor of the Bank, duly executed on behalf of the Borrower; and
(viii) such other applicable governing body) of such Guarantor approving documents, governmental certificates, agreements, lien searches as the Loan Documents to which it is a party,Bank may reasonably request.
Appears in 1 contract
Samples: Credit Agreement (Valhi Inc /De/)
Documentation. The On or before the Effective Date, the Administrative Agent shall have received the following duly executed by all the applicable parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, and where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, Agreement and all its attached Exhibits and Schedules;
(ii) a Note payable to the order of each Lender Bank in the amount of its Commitment;
(iii) the Security Documents and all their attached Exhibits and Schedules, the Guarantiesincluding, without limitation, (A) the Pledge AgreementAgreements, (B) the Security Agreements, and (C) any amendments to the Mortgages encumbering at least 80% requested by the Administrative Agent;
(by valueiv) the Guaranties;
(v) stock certificates or, to the extent applicable under the Person’s organizational documents, membership or partnership interest certificates required in connection with the Pledge Agreements and stock powers or other transfer documents for each such certificate endorsed in blank to the Administrative Agent;
(vi) appropriate UCC-1 or UCC-3 Financing Statements, if any, covering the Collateral for filing with the appropriate authorities;
(vii) a certificate dated as of the Borrower’s Effective Date from a Responsible Officer stating that (A) all representations and its Subsidiaries’ Proven Reserves and Oil and Gas Properties warranties of the Borrower set forth in connection therewith, this Agreement and each of the other Loan Documents, Credit Documents to which it is a party are true and correct in all attached exhibits material respects; (B) no Default has occurred and schedulesis continuing; and (C) the conditions in this Section 3.01 have been met;
(iiviii) a favorable opinion certificates of insurance naming the Borrower’sAdministrative Agent as loss payee or additional insured, its Subsidiaries’ and as applicable, evidencing insurance which meets the Guarantors’ counsel dated as of the date requirements of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestSecurity Documents;
(iiiix) copies, certified a certificate of the secretary or assistant secretary of the General Partner certifying as of the date of this Agreement by a Responsible Officer of the Borrower of Effective Date (A) the resolutions of the Board of Directors existence of the Borrower approving and the Loan Documents to which the Borrower is a partyGeneral Partner, (B) the certificate of incorporation Borrower Partnership Agreement and the other organizational documents of the Borrower, (C) the bylaws General Partner’s Certificate of the Borrower Organization and Regulations, (D) the resolutions of the General Partner approving this Agreement, the Notes, the other Credit Documents, and the related transactions on behalf of the Borrower, and (E) all other documents evidencing other necessary corporate action and governmental approvalscorporate, partnership or limited liability company action, if any, with respect to this Agreement, the NoteNotes, and the other Loan DocumentsCredit Documents executed and delivered on or before the date hereof;
(ivx) certificates a certificate of a Responsible Officer Secretary or an Assistant Secretary of the General Partner of the Borrower dated as of the Effective Date certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, the Notices of BorrowingBorrowing and the other Credit Documents on behalf of the Borrower;
(xi) certificates of the secretary or assistant secretary of each of the Guarantors certifying as of the Effective Date (A) the organizational documents of such Guarantor, Notices (B) the resolutions of Conversion the governing body of such Guarantor approving this Agreement, the Guaranty, the other Credit Documents to which such Guarantor is a party, and the related transactions, and (C) all other documents evidencing other necessary corporate, partnership or Continuationlimited liability company action, if any, with respect to this Agreement, the Guaranty, and the other Loan Credit Documents to which the Borrower such Guarantor is a partyparty executed and delivered on or before the date hereof;
(vxii) copies, certified certificates of a Secretary or an Assistant Secretary of each Guarantor dated as of the date of the initial Borrowing certifying the names and true signatures of the officers of such Guarantor authorized to sign this Agreement Agreement, the Guaranty and the other Credit Documents to which such Guarantors is a party on behalf of such Guarantor;
(xiii) certificates of good standing, existence, and authority for the Borrower, the General Partner, the Limited Partner, and each of the Guarantors from each of the states in which the Borrower, the General Partner, the Limited Partner, and each of the Guarantors is either organized or does business;
(xiv) results of lien and tax searches of the UCC Records of the Secretary of State of jurisdictions selected by a Responsible Officer or the secretary or an assistant secretary Administrative Agent and reflecting no Liens (other than Permitted Liens) against any of each Guarantor the Collateral other than in favor of the Administrative Agent;
(xv) favorable opinions of (A) Vxxxxx & Exxxxx L.L.P., outside Texas counsel to the resolutions Borrower, and (B) Jxxx Xxxxxx, General Counsel of the Board Borrower, in each case dated as of Directors the Effective Date and in a form reasonably acceptable to Administrative Agent and covering the Borrower and the Guarantors;
(xvi) the Financial Statements and the other financial statements or information described in Section 4.05; and
(xvii) such other applicable governing body) of such Guarantor approving documents and agreements as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative On or before the day on which the initial Borrowing is made or the initial Letters of Credit are issued, the Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, a Note payable to This Agreement and the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesNotes;
(ii) a A favorable opinion of the Borrower’s's general counsel, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement The Effective Date, and substantially in the form of the attached Exhibit K H-1 covering the matters discussed in such Exhibit and such other matters as any Lender Bank through the Administrative Agent may reasonably request;
(iii) copiesA favorable opinion of Bracewell & Patterson, certified as L.L.P., counsel to the Agent, dated ax xx xxx Effxxxxxx Xxte, and substantially in the form of the date attached Exhibit H-2;
(iv) A certificate of this Agreement by a Responsible Officer the Secretary or an Assistant Secretary of the Borrower certifying the existence of (A) the Borrower, a certificate of good standing for the Borrower, the certificate of incorporation of the Borrower, the bylaws of the Borrower, the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower authorizing this Agreement and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Noterelated transactions, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names incumbency and true signatures of the officers of the Borrower authorized to sign execute this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Agreement and the other Loan Documents to which the Borrower is a partyrelated documents;
(v) copies, certified as A certificate of the date of this Agreement by a Responsible Officer or the secretary Secretary or an assistant secretary Assistant Secretary of each Guarantor certifying the existence of (A) such Guarantor, a certificate of good standing for such Guarantor, if applicable, the certificate of incorporation, limited liability company agreement, limited partnership agreement, or other charter document of the Borrower, the bylaws, if any, of the Borrower, the resolutions of the Board of Directors (Directors, management committee or other applicable governing body) general partner of such Guarantor approving authorizing this Agreement and related transactions, and the Loan Documents incumbency and signatures of the officers of such Guarantor authorized to which it is a party,execute its Guaranty and related documents; and
(vi) Such other documents, governmental certificates, agreements, and lien searches as the Agent or any Bank may reasonably request.
Appears in 1 contract
Samples: Credit Agreement (Stone Energy Corp)
Documentation. The Administrative Agent Agent, the Co-Agents and the Lenders shall have received the following documents, each dated the date hereof (unless otherwise specified), each duly executed by all the parties thereto, in form and substance satisfactory delivered to the Administrative Agent, the Issuing Lender Co-Agents and the Lenders, and, where applicable, and each to be satisfactory in sufficient copies for each Lenderform and substance to the Lenders and their respective counsel:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion replacement Notes in favor of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requesteach Lender;
(iii) copies, certified as Drop Down Notes in the principal amount of $75,000,000 and amendments to the date of this Agreement by Drop-Down Note Security Agreements in a Responsible Officer of form acceptable to the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsLenders;
(iv) certificates written consents hereto executed by (a) Willxxx X. Xxxxx & Sons LLC and Mellon Ventures, Inc., (b) D. Cxxxxxxx Xxxlxxxxx xxx T. Waynx XxXxxxxxx, xxd (c) each Subsidiary of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyBorrower;
(v) copiesBorrower, certified each of the Subsidiaries of Borrower, and each Lender shall have entered into an Omnibus Amendment Agreement to the Loan Documents entered into by the Subsidiaries of Borrower;
(vi) deposit account agreements among Borrower, each of its Subsidiaries and each of the depositary banks described on SCHEDULE 4.26 in form and substance acceptable to the Co-Agents, but in any event in conformity with Section 5.1 (provided that it is understood that any not delivered as of the date hereof shall be obtained by Borrower within 30 days following the date hereof);
(vii) a certificate signed by the President or chief financial officer of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of Borrower certifying that (A) the resolutions representations and warranties set forth in Article 4 hereof are true and correct in all respects on and as of such date with the same effect as though made on and as of such date; (B) Borrower is are on such date in compliance with all the terms and conditions set forth in this Agreement on its part to be observed and performed; and (C) on the date hereof, after giving effect to the making of the Board initial Loan, no Default or Event of Directors Default has occurred or is continuing;
(or other applicable governing bodyviii) of such Guarantor approving legal opinions acceptable to the Loan Documents Lenders from counsel to which it is a party,Borrower;
Appears in 1 contract
Documentation. The Administrative Agent Lenders shall have received received, in form and substance satisfactory to each Lender, each of the following following, duly executed and acknowledged where appropriate by all the parties thereto:
(i) This Agreement;
(ii) the Notes issued to each Lender reflecting the Loans made by such Lender;
(iii) [reserved];
(iv) the Collateral Documents, together with such UCC financing statements, evidence of the book-entry issuance of 150,000 shares of Parent Common Stock, [and stock powers, original promissory notes, notices of security interest to be filed in the United States Patent and Trademark Office] and other instruments and documents required to be delivered under the Collateral Documents or as the Collateral Agent may otherwise determine to be necessary or reasonably appropriate to perfect the Liens granted thereunder, all in form and substance acceptable to the Collateral Agent;
(v) specimen signatures certified by an appropriate officer of each Credit Party;
(vi) Organization Documents and resolutions of the board of directors, or equivalent governing body, of each Credit Party, together with such other documents and certificates as the Lenders or their counsel may reasonably request relating to the organization, existence and good standing of each Credit Party, the authorization of the Transactions and any other legal matters relating to the Credit Parties, the Loan Documents or the Transactions;
(vii) UCC and other search results required by the Lenders;
(viii) certificates, dated as of the Closing Date, of the [chief financial officer] of Parent as to the Solvency of the Credit Parties (after giving effect to the Transactions);
(ix) the SBA Forms 480, 652 and 1031 (Parts A and B) completed by Parent with respect to the Loans;
(x) the Small Business Administration Economic Impact Assessment completed by Parent, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iixi) a favorable opinion funds flow memorandum in form and substance satisfactory to the Lenders that will provide, among other things, for the payoff of the Borrower’s, its Subsidiaries’ and EIDL loan obtained by the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestBorrowers;
(iiixii) copies, certified as documentation authorizing the Lenders to draft interest payments under the Loans from a checking account of the date of this Agreement by a Responsible Officer of Borrowers in form and substance acceptable to the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsLenders;
(ivxiii) certificates evidence of a Responsible Officer insurance complying with the requirements of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;Section 6.7; and
(vxiv) copies, certified such other documents as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Lenders may reasonably require.
Appears in 1 contract
Samples: Loan Agreement (Guerrilla RF, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all following, each dated on or before the parties theretoEffective Date, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this AgreementAmendment duly executed by the Borrowers, the Administrative Agent and each of the Lenders and all attached Exhibits and Schedules;
(ii) (A) the attached Acknowledgment and Reaffirmation of the US Guaranty duly executed by each US Guarantor and (B) the attached Acknowledgment and Reaffirmation of the Foreign Guaranty duly executed by each Foreign Guarantor;
(iii) (A) a Revolving Note by the Parent payable to the order of each Lender in the amount of its Commitmentsuch Lender’s Revolving Commitment as in effect on the Effective Date, (B) a Revolving Note by the Guaranties, Mexican Borrower payable to the Pledge Agreement, order of each Lender in an amount equal to the Security Agreementslesser of $50,000,000 or 1/3rd of such Lender’s Revolving Commitment as in effect on the Effective Date, and Mortgages encumbering at least 80% (C) a Revolving Note by valuethe Cayman Borrower payable to the order of each Lender in the amount of such Lender’s Revolving Commitment as in effect on the Effective Date;
(iv) Swingline Notes executed by each Borrower payable to the order of the Borrower’s Swingline Bank in the amount of its Swingline Commitment;
(v) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and authority of each of the other Loan Documents, and Borrowers in all attached exhibits and schedulesjurisdictions where reasonably required by the Administrative Agent;
(iivi) certificates from a favorable opinion Responsible Officer of the Borrower’s, its Subsidiaries’ Parent stating that (A) all representations and warranties of the Guarantors’ counsel dated Loan Parties set forth in the Credit Documents shall be true and correct in all material respects on and as of the date of this Agreement Effective Date with the same effect as if made on and substantially in the form as of the attached Exhibit K covering Effective Date; (B) no Default has occurred and is continuing; and (C) the matters discussed conditions in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestthis Article V have been met;
(iiivii) copies, certified as of the date of this Agreement Effective Date by a Responsible Officer of the Borrower appropriate Person of (A) the resolutions of the Board of Directors or its equivalent of the each Borrower approving this Amendment and the Loan other Credit Documents to which the Borrower it is a partyparty and the transactions contemplated hereby, (B) the certificate organizational documents of incorporation each Borrower (or a statement that no amendments have been made to the organizational documents of the Borrowersuch Borrower since June 30, 2006), and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this AgreementAmendment, the NoteNotes, and the other Loan Credit Documents;
(ivviii) certificates of a Responsible Officer of each of the Borrower Borrowers certifying the names and true signatures of the officers of the Borrower Borrowers authorized to sign this AgreementAmendment, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Notes and the other Loan Credit Documents to which the Borrower is such Borrowers are a party;
(vix) copiesa certificate from the Parent’s Chief Executive Officer, certified President or Chief Financial Officer addressed to the Administrative Agent and each of the Lenders, which shall be in form and in substance reasonably satisfactory to the Administrative Agent and shall state that, subject to the qualifications stated therein, after giving effect to the Borrowings contemplated under this Amendment and the other Credit Documents, (A) the fair value and present fair saleable value of the Parent’s and each of its Subsidiaries’ assets exceed its stated liabilities and identified Contingent Obligations; (B) the Parent and each of its Material Subsidiaries should be able to pay their debts as they become absolute and mature; and (C) the Parent and each of its Material Subsidiaries will have sufficient capital to engage in its business as management has indicated it is now conducted;
(x) a certificate from the Parent’s Chief Executive Officer, President or Chief Financial Officer addressed to the Administrative Agent and each of the Lenders, which shall be in form and in substance reasonably satisfactory to the Administrative Agent and shall reaffirm that as of the date Effective Date the Projections prepared by the Parent and delivered to the Administrative Agent are true and correct in all material respects based upon the assumptions stated therein and the best information reasonably available to such officer at the time such Projections were made and shall describe any changes therein and state that such changes shall not, individually or in the aggregate, reasonably be expected to cause a Material Adverse Change to occur;
(xi) favorable opinions dated as of this Agreement the Effective Date by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) Jones, Walker, Waechter, Poitevent, Carrere & Dxxxxxx L.L.P., counsel to the resolutions of the Board of Directors US Loan Parties, (or other applicable governing bodyB) of such Guarantor approving Mxxxx & Axxxxxx, Cayman Islands counsel to the Loan Documents Parties, (C) Gxxxx Xxxxx & Asociados, Mexican counsel to which it is a party,the Loan Parties, and (D) Bxxxxxxxx & Gxxxxxxx LLP, special New York counsel to the Administrative Agent, each in form and substance reasonably satisfactory to the Administrative Agent; and
(xii) such other documents, governmental certificates and agreements as the Administrative Agent and the Lenders may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, account control agreements required pursuant to Section 5.13 and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ ’s and the Guarantors’ primary counsel dated as of the date of this Agreement in form and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the articles or certificate of incorporation and the bylaws of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer or the secretary or an assistant secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization or formation) and bylaws (or partnership or company agreement) of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of a Responsible Officer or the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the Initial Funding Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC‑1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates and endorsements naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and otherwise satisfactory to the Administrative Agent;
(x) the Initial Engineering Report;
(xi) stock, membership or partnership certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(xii) a Compliance Certificate completed and executed by a Responsible Officer of the Borrower showing the calculation of, and Borrower’s compliance with Section 6.18, 6.19 and 6.20 as of the Initial Funding Date after giving effect to the Credit Extensions requested and made on the Initial Funding Date;
(xiii) certificates of good standing and existence for each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xiv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The On or before the day on which the initial Borrowing is made or the initial Letters of Credit are issued, the Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, and where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, Agreement and all its attached Exhibits and Schedules;
(ii) a Revolver A Note and a Revolver B Note payable to the order of each Lender Bank in the amount of its Revolver A Commitment and its Revolver B Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesrespectively;
(iiiii) the Security Documents and all their attached Exhibits and Schedules, including, without limitation, (A) the Pledge Agreements, (B) the Security Agreements and (C) the Mortgages;
(iv) the Guaranties;
(v) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities;
(vi) a favorable opinion Notice of Borrowing with respect to the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel initial Borrowing;
(vii) a certificate dated as of the date of this Agreement from a Responsible Officer stating that (A) all representations and substantially in the form warranties of the attached Exhibit K covering Borrower set forth in this Agreement and each of the matters discussed other Credit Documents to which it is a party are true and correct in such Exhibit all material respects; (B) no Default has occurred and such other matters as any Lender through is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) certificate(s) of insurance naming the Administrative Agent may reasonably requestas loss payee or additional insured evidencing insurance which meets the requirements of this Agreement and the Security Documents and which is in amount, form and substance and from an issuer satisfactory to the Administrative Agent;
(iiiix) copies, certified a certificate of the secretary or assistant secretary of the General Partner certifying as of the date of this Agreement by a Responsible Officer (A) the existence of the Borrower and the General Partner, (B) the Borrower Partnership Agreement, (C) the General Partner's Certificate of Organization and Regulations, (AD) the resolutions of the Board of Directors of General Partner approving this Agreement, the Borrower approving Notes, and the Loan other Credit Documents to which and the Borrower is a partyrelated transactions, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (DE) all other documents evidencing other necessary corporate corporate, partnership or limited liability company action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan DocumentsCredit Documents executed and delivered on or before the Effective Date;
(ivx) certificates a certificate of a Responsible Officer Secretary or an Assistant Secretary of the General Partner of the Borrower certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, Notices the Notice of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Credit Documents to which on behalf of the Borrower is a partyBorrower;
(vxi) copies, certified certificates of the secretary or assistant secretary of each of the Guarantors certifying as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the organizational documents of such Guarantor, (B) the resolutions of the Board of Directors (or other applicable governing body) body of such Guarantor approving this Agreement, the Loan Guaranty, and the other Credit Documents to which it such Guarantor is a party,party and the related transactions, and (C) all other documents evidencing other necessary corporate, partnership or limited liability company action and governmental approvals, if any, with respect to this Agreement, the Guaranty, and the other Credit Documents to which such Guarantor is a party executed and delivered on or before the Effective Date;
(xii) certificates of a Secretary or an Assistant Secretary of each Guarantor certifying the names and true signatures of the officers of such Guarantor authorized to sign this Agreement, the Guaranty and the other Credit Documents to which such Guarantors is a party on behalf of such Guarantor;
(xiii) certificates of good standing, existence and authority for the Borrower, the General Partner and each of the Guarantors from each of the states in which the Borrower, the General Partner and each of the Guarantors is either organized or does business;
(xiv) results of lien, tax and judgment searches of the UCC Records of the Secretary of State and applicable counties of the States of Texas, New Mexico and Oklahoma from a source acceptable to the Administrative Agent and reflecting no Liens against any of the Collateral as to which perfection of a Lien is accomplished by the filing of a financing statement other than in favor of the Administrative Agent;
(xv) a favorable opinion of Xxxxxxxx & Xxxxxx L.L.P., outside Texas counsel to the Borrower and the Guarantors;
(xvi) [a favorable opinion of [to be determined], outside Oklahoma counsel to the Administrative Agent];
(xvii) certified copies of each of the Reorganization Documents, each certified as of the Effective Date by a Responsible Officer (A) as being true and correct copies of such documents as of the Effective Date, (B) that to the knowledge of such Responsible Officer as having been duly authorized by the partners of the general Predecessor Borrower, and (C) as having been duly executed and delivered by the partners of the Predecessor Borrower; and
(xviii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s and its Subsidiaries’ personal property and encumbering at least 90% of all of the Loan Parties’ Proven Reserves (as set forth in the Initial Engineering Report) and Oil and Gas Properties in connection therewiththerewith (including the Oil and Gas Properties to be acquired under the Initial Acquisition), and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ ’s and the Guarantors’ primary counsel dated as of the date of this Agreement in form and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower General Partner of (A) the resolutions of the Board board of Directors managers of the Borrower General Partner approving the Loan Documents to which the Borrower or the General Partner is a party, (B) the articles or certificate of incorporation formation of the General Partner and the company agreement of the General Partner, (C) the certificate of limited partnership of the Borrower, (CD) the bylaws partnership agreement of the Borrower Borrower, and (DE) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer the secretary or assistant secretary of the Borrower General Partner certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower or the General Partner is a party;
(v) other than as otherwise required under clause (iii) above, copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and HOUSTON\2059604 -44- governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the Initial Funding Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments (including business interruption insurance), and which is otherwise satisfactory to the Administrative Agent;
(x) the Initial Engineering Report;
(xi) stock, membership or partnership certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(xii) copies, certified by a Responsible Officer of the Borrower, of all of the Initial Acquisition Instruments and the Private Placement Documents, together with all amendments, modifications or waivers thereto in effect on the effective date of this Agreement;
(xiii) a Compliance Certificate completed and executed by a Responsible Officer of the General Partner showing the calculation of, and Borrower’s pro forma compliance with Section 6.17 as of the Initial Funding Date after giving effect to the Initial Acquisition, the Private Placement and the Borrowings requested and made on the Initial Funding Date;
(xiv) certificates of good standing and existence for each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative On or before the day on which the initial Borrowing is made, the Agent and the Banks shall have received the following following, each dated on or before such day, duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each LenderBanks:
(i) this Agreement, a Note Agreement and the other Credit Documents and all attached Exhibits and Schedules and the Notes payable to the order of each Lender in the amount of its CommitmentBanks, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesrespectively;
(ii) a favorable opinion certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of the Borrower’s, its Subsidiaries’ and Company in all jurisdictions where the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestCompany is organized or does business;
(iii) certificates from a Responsible Officer of each of the Borrowers stating that (A) all representations and warranties of such Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(iv) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower appropriate Person of (A) the resolutions of the Board of Directors of the Borrower Company approving this Agreement, the Loan Documents to which Notes, and the Borrower is a partyother Credit Documents, (B) the articles or certificate (as applicable) of incorporation and bylaws of the BorrowerCompany, (C) the bylaws of extrait K-bis and the Borrower statuts for SARL and any other documents authorizing the transactions contemplated by the Credit Documents, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Credit Documents;
(ivv) certificates of a Responsible Officer of each of the Borrower Borrowers certifying the names and true signatures of the officers of the Borrower Borrowers authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Borrowing and the other Loan Documents to which the Borrower is a partyCredit Documents;
(vvi) copiesa favorable opinion of John W. Rumely, certified as General Counsel to the Company, substantixxxx xx xxx xxrm of the date attached Exhibit F-1;
(vii) a favorable opinion of this Agreement by a Responsible Officer or UGGC & Associes, counsel to SARL, substantially in the secretary or an assistant secretary of each Guarantor of (A) the resolutions form of the Board attached Exhibit F-2;
(viii) a favorable opinion of Directors Bracewell & Patterson, L.L.P., counsel to the Agent, subsxxxxxxxxx in xxx xxxx of the attached Exhibit F-3; and
(or ix) such other applicable governing body) of such Guarantor approving documents, governmental certificates, agreements, lien searches as the Loan Documents to which it is a party,Agent and the Banks may reasonably request.
Appears in 1 contract
Samples: Credit Agreement (Schweitzer Mauduit International Inc)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and each of the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, ;
(ii) a Note payable to the order of each Lender that has requested a Note in the amount of its Commitment;
(iii) the Mortgage Amendments and any additional Mortgages that may be required pursuant to Section 5.11;
(iv) copies of insurance certificates naming the Administrative Agent loss payee or additional insured, the Guarantiesas applicable, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (certified by value) of the Borrower’s insurance broker and its Subsidiaries’ Proven Reserves and otherwise satisfactory to the Administrative Agent;
(v) a copy of the Internal Engineering Report dated as of December 31, 2010 with respect to the Oil and Gas Properties to be included in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesBorrowing Base;
(iivi) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel opinions dated as of the date Closing Date of this Agreement Xxxxxxxx & Xxxxxx L.L.P. and substantially of Xxxxxxx Xxxxx, special counsel to the Credit Parties, in form and substance satisfactory to the form of Administrative Agent covering such matters concerning the attached Exhibit K covering Credit Parties or the matters discussed in such Exhibit and such other matters Loan Documents as any Lender through the Administrative Agent may reasonably request;
(iiivii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Borrower General Partner of (A) the resolutions of the Board of Directors applicable governing body of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation organizational documents of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, the Security Instruments and the other Loan DocumentsDocuments to which the Borrower is a party;
(ivviii) certificates of a Responsible Officer or the secretary or an assistant secretary of the Borrower General Partner certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign on behalf of the Borrower this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, the Security Instruments and the other Loan Documents to which the Borrower is a party;
(vix) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) body of such Guarantor approving the Loan Documents to which it is a party,, (B) the organizational documents of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(x) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign this Agreement, the Security Instruments and the other Loan Documents to which such Guarantor is a party;
(xi) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the Credit Parties in all jurisdictions where required by the Administrative Agent;
(xii) a certificate dated as of the date of this Agreement from the Responsible Officer of the General Partner stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(xiii) results of lien, tax and judgment searches of the UCC Records of the Secretary of State and applicable counties of the States of Delaware, North Dakota, and Texas from a source acceptable to the Administrative Agent and reflecting no Liens against any of the Collateral as to which perfection of a Lien is accomplished by the filing of a financing statement other than in favor of the Administrative Agent, other than Permitted Liens;
(xiv) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral; and
(xv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the an amount of its equal to such Lender’s Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80supplements to the existing Mortgages, or if applicable, new Mortgages, encumbering, after giving effect to the Xxxxx Acquisition, 90% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewithProperties, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion opinions of (A) Xxxxx & Xxxxx LLP, special counsel to the Borrower’s, its Subsidiaries’ , and the Guarantors’ , (B) Xxxxxx Xxxxxx, general counsel to the Borrower, its Subsidiaries and the Guarantors, and (C) local counsel to the Administrative Agent in Mississippi, Louisiana and Michigan, each dated as of the date of this Agreement Effective Date and substantially in form and substance satisfactory to the form of Administrative Agent and the attached Exhibit K Lenders, and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement Effective Date by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the bylaws and the certificate of incorporation of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement Effective Date by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) certificates of good standing for the Borrower and each Guarantor as of a recent date in each state in which each such Person is organized or qualified to do business;
(viii) a certificate dated as of the Effective Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(ix) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(x) insurance certificates naming the Administrative Agent loss payee or additional insured, as applicable, and evidencing insurance that meets the requirements of this Agreement and the Security Instruments, and that is otherwise satisfactory to the Administrative Agent;
(xi) certificates evidencing the Equity Interests required in connection with the Security Agreements and powers executed in blank for each such certificate;
(xii) the initial Internal Engineering Report dated as of January 1, 2007 together with a letter from Xxxxx Xxxxx dated as of January , 2007 detailing the results of its audit of such report;
(xiii) copies, certified by a Responsible Officer of the Borrower, of the Acquisition Instruments and all exhibits and schedules thereto, together with all amendments, modifications or waivers thereto in effect on the Effective Date; and
(xiv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note (if requested by any Lender) payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge AgreementGuaranties by each Guarantor, the Security AgreementsAgreement and Mortgages, and Mortgages encumbering at least 80% (by value) which encumber substantially all of the BorrowerLoan Party’s proved and its Subsidiaries’ Proven Reserves and probable Oil and Gas Properties (and in connection therewithany event at least 90% of the PV9 set forth in the Initial Reserve Report), and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’sopinions, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement Agreement, and substantially satisfactory to Administrative Agent, from (x) Xxxxxx and Xxxxx, LLP, counsel to the Loan Parties and Specified Parties, (y) Xxxxxx Rice LLP, West Virginia counsel to the Loan Parties and Specified Parties, and (z) the law firm of Xxxxxx Silver, Nevada counsel to Parent, in the form of the attached Exhibit K covering the matters discussed in each case, with respect to such Exhibit and such other matters as any Lender through the may be reasonably requested by Administrative Agent may and in form and substance reasonably request;satisfactory to Agent
(iii) copies, certified as of the date of this Agreement by a Responsible Officer Officer, the Secretary or an Assistant Secretary of the Borrower Borrower, of (A) the resolutions of the Board board of Directors directors of the Borrower Borrower, approving the Loan Documents to which and authorizing the Borrower is a partyentering into of Hedge Transactions, (B) the certificate bylaws of incorporation of the Borrower, (C) the bylaws articles of incorporation of Borrower, duly certified by the Borrower Secretary of State of its the state of incorporation, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, Notes and the other Loan Documents;
(iv) certificates of Documents and Hedge Transactions, and a certificate by a Responsible Officer of or the Borrower Secretary or an Assistant Secretary certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents and Hedge Transactions to which the Borrower is a party;
(viv) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary Secretary or an assistant secretary Assistant Secretary of each Guarantor Specified Party and each Loan Party (other than Borrower) of (A) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of such Guarantor Specified Party or such Loan Party approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) of such Specified Party or such Loan Party certified by the Secretary of State for the state of organization, (C) the bylaws or other governing documents of such Specified Party or such Loan Party, and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Specified Party or such Loan Party is a party, and a certificate of a Responsible Officer or the Secretary or an Assistant Secretary of such Specified Party or such Loan Party certifying the names and true signatures of officers of such Specified Party or such Loan Party authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Specified Party or such Loan Party a party;
(v) certificates of good standing for each Specified Party, Borrower and each other Loan Party in each state in which each such Person is organized or qualified to do business, which certificate shall be (A) dated a date not sooner than fourteen (14) days prior to the date of this Agreement or (B) otherwise effective on the Closing Date;
(vi) a certificate dated as of the date of this Agreement from a Responsible Officer of Parent and Borrower stating that (A) all representations and warranties of each of Parent and Borrower set forth in this Agreement are true and correct in all respects as of such date (except in the case of representations and warranties that are made solely as of an earlier date or time, which representations and warranties shall be true and correct in all material respects as of such earlier date or time); (B) no Default has occurred and is continuing; and (C) the conditions in clauses (a), (b), (c), (g) – (i), and (k) of this Section 3.01 have been met;
(vii) the NPI Conveyance with respect to substantially all of the Borrower’s Oil and Gas Properties;
(viii) appropriate UCC-1 Financing Statements and UCC-3 Financing Statements evidencing assignments or terminations, covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) certificates evidencing the Equity Interests required in connection with the Security Agreement and powers executed in blank for each such certificate of Borrower, Prima and any Subsidiary of Borrower;
(x) a certificate from Borrower’s insurance broker or other evidence reasonably satisfactory to Administrative Agent that all insurance required to be maintained pursuant to Section 5.02 is in full force and effect and that Administrative Agent and the Lenders have been named as additional insureds or loss payee, as applicable, thereunder as its interests may appear and to the extent required under Section 5.02;
(xi) the Initial Reserve Report, in form and substance reasonably satisfactory to Administrative Agent; and
(xii) a certificate of the Chief Financial Officer of Parent, in form and substance reasonably satisfactory to Administrative Agent, attesting to the Solvency of the Loan Parties and Specified Parties immediately after giving effect to the Transactions.
Appears in 1 contract
Samples: Credit Agreement (Trans Energy Inc)
Documentation. The Administrative All matters incident to the consummation of the transactions contemplated herein shall be satisfactory to the Agent, and the Agent shall have received received, reviewed, and approved the following duly documents and other items, appropriately executed when necessary and, where applicable, acknowledged by one or more authorized officers of a Borrower all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, anddated, where applicable, of even date herewith or another date acceptable to the Agent in sufficient copies for each Lenderits sole discretion:
(i) multiple counterparts of this Agreement, a Note payable to Agreement as requested by the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesLenders;
(ii) a favorable opinion Guaranty executed by each Subsidiary of the Borrower’s, its Subsidiaries’ a Borrower that is not a Borrower and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestNotes executed by each Borrower;
(iii) copies, certified as copies of the date Certificate of this Agreement Incorporation and all amendments thereto and the bylaws and all amendments thereto of each of the Borrowers and any Guarantor accompanied by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement issued by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board Borrowers or such Guarantor as the case may be, to the effect that each such copy is correct and complete;
(iv) a certificate of Directors (or other applicable governing body) incumbency and signatures of all officers of each of the Borrowers and any Guarantor who are authorized to execute Loan Documents on behalf of such Guarantor Borrower or such Guarantor, as the case may be, each such certificate being executed by the secretary or an assistant secretary of such Borrower or such Guarantor;
(v) copies of corporate resolutions approving the Loan Documents and authorizing the transactions contemplated herein and therein, duly adopted by the boards of directors of each of the Borrowers and any Guarantor accompanied by a certificate of the secretary or an assistant secretary of such Borrower or such Guarantor, as the case may be, to the effect that such copies are true and correct copies of resolutions duly adopted at a meeting or by unanimous consent of the board of directors of such Borrower or such Guarantor and that such resolutions constitute all the resolutions adopted with respect to such transactions, have not been amended, modified, or revoked in any respect, and are in full force and effect as of the date of such certificate;
(vi) multiple counterparts, as requested by the Lenders, of the following Security Instruments creating, evidencing, perfecting, and otherwise establishing Liens in favor of the Agent for the benefit of the Agent, the Lenders and the Swap Counterparties, in and to the Collateral as security for the Obligations (subject to the provisions of Section 7.3):
A. Supplements to the existing Mortgages or if applicable, new Mortgages, from a Borrower to the Agent for its benefit and the benefit of the Lenders covering (1) all Oil and Gas Properties to be included in the Borrowing Base which are not already encumbered under a Mortgage, and (2) Oil and Gas Properties of the Borrowers and Guarantors that, when combined with those Oil and Gas Properties already encumbered under a Mortgage, comprise 90% of the PV-10 value of all Oil and Gas Properties of the Borrowers and Guarantors;
B. The Security Agreement (Stock Pledge) executed by the Borrowers and the Guarantors covering all of the issued and outstanding capital stock of each of their respective Subsidiaries and other personal property related thereto;
C. The Security Agreement executed by the Borrowers and the Guarantors covering all personal property of the Borrowers and the Guarantors;
D. Financing Statements naming each of the Borrowers, as debtor, in favor of the Agent, as secured party, constituent to the instruments described in clause (A) through clause (C) above;
E. Undated letters, in form of Exhibit I, from the Borrowers to each purchaser of production and disburser of the proceeds of production from or attributable to the Mortgaged Properties, together with additional letters with the addressees left blank, authorizing and directing the addressees to make future payments attributable to production from the Mortgaged Properties directly to the Agent;
F. To the extent not previously delivered under the Existing Credit Agreement, Irrevocable Stock Powers executed in blank and the stock certificates for the stocks pledged under the Security Agreements (Stock Pledge);
(vii) audited Financial Statements of the Parent as of December 31, 2002 and unaudited Financial Statements of the Parent as of September 30, 2003;
(viii) certificates dated as of a recent date from the Secretary of State or other appropriate Governmental Authority evidencing the existence or qualification and good standing of each of the Borrowers in its jurisdiction of incorporation and in any other jurisdiction where such qualification is required by applicable law; provided that any such certificates that have not been delivered to the Agent prior to the effectiveness of this Agreement shall not be a condition precedent to the effectiveness of this Agreement, so long as such certificates are delivered in accordance with Section 5.24(b);
(ix) results of searches of the UCC Records of the Secretary of State of the States of Alabama, Louisiana, Mississippi, Texas, Delaware, Montana, and Michigan from a source reasonably acceptable to the Agent and reflecting no Liens, other than Permitted Liens, against any of the Collateral as to which it perfection of a Lien is accomplished by the filing of a party,financing statement; provided that the terminations required by Section 5.24(c) shall not be a condition precedent to the effectiveness of this Agreement, so long as such items are delivered in accordance with Section 5.24(c);
(x) copies of all operating, lease, sublease, royalty, sales, exchange, processing, farmout, bidding, pooling, unitization, communitization, and other agreements relating to the Mortgaged Properties requested by the Agent;
(xi) Engineering Reports covering the Mortgaged Properties to be included in the Borrowing Base, including the Oil and Gas Properties to be added as collateral pursuant to supplements to Mortgages or new Mortgages as required under clause (vi) above;
(xii) the opinion of Xxxxxx X. Xxxxxx and the opinion of Xxxxx Xxxxx, LLP, as counsel to the Borrowers, substantially in the form attached hereto as Exhibits J-1 and J-2, with such changes thereto as may be approved by the Agent;
(xiii) certificates evidencing the insurance coverage required pursuant to Section 5.18; provided that any such certificates that have not been delivered to the Agent prior to the effectiveness of this Agreement shall not be a condition precedent to the effectiveness of this Agreement, so long as such certificates are delivered in accordance with Section 5.24(a); and
(xiv) such other agreements, documents, instruments, opinions, certificates, waivers, consents, and evidence as the Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent Lenders shall have received received, in form and substance satisfactory to each Lender, each of the following following, duly executed and acknowledged where appropriate by all the parties thereto:
(i) This Agreement;
(ii) the Notes issued to each Lender reflecting the Loans made by such Lxxxxx;
(iii) [reserved];
(iv) the Collateral Documents, together with such UCC financing statements, evidence of the book-entry issuance of 150,000 shares of Borrower Common Stock, and stock powers, original promissory notes, notices of security interest to be filed in the United States Patent and Trademark Office and other instruments and documents required to be delivered under the Collateral Documents or as the Collateral Agent may otherwise determine to be necessary or reasonably appropriate to perfect the Liens granted thereunder, all in form and substance acceptable to the Collateral Agent;
(v) specimen signatures certified by an appropriate officer of each Credit Party;
(vi) Organization Documents and resolutions of the board of directors, or equivalent governing body, of each Credit Party, together with such other documents and certificates as the Lenders or their counsel may reasonably request relating to the organization, existence and good standing of each Credit Party, the authorization of the Transactions and any other legal matters relating to the Credit Parties, the Loan Documents or the Transactions;
(vii) UCC and other search results required by the Lenders;
(viii) certificates, dated as of the Closing Date, of the chief financial officer of Bxxxxxxx as to the Solvency of the Credit Parties (after giving effect to the Transactions);
(ix) the SBA Forms 480, 652 and 1031 (Parts A and B) completed by Bxxxxxxx with respect to the Loans;
(x) the Small Business Administration Economic Impact Assessment completed by Bxxxxxxx, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iixi) a favorable opinion funds flow memorandum in form and substance satisfactory to the Lenders that will provide, among other things, for the payoff of the EIDL loan obtained by the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iiixii) copies, certified as of documentation authorizing the date of this Agreement by Lenders to draft interest payments under the Loans from a Responsible Officer checking account of the Borrower of (A) in form and substance acceptable to the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan DocumentsLenders;
(ivxiii) certificates evidence of a Responsible Officer insurance complying with the requirements of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;Section 6.7; and
(vxiv) copies, certified such other documents as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Lenders may reasonably require.
Appears in 1 contract
Samples: Loan Agreement (Guerrilla RF, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) all of the Borrower’s and its SubsidiariesBorrowers’ Proven Reserves and Oil and Gas Properties in connection therewithProperties, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of (A) the Borrower’s, its Subsidiaries’ and the GuarantorsBorrowers’ counsel dated as of the date of this Agreement in form and substantially substance reasonably satisfactory to the Administrative Agent and the Lenders and covering such matters as the Administrative Agent may reasonably request and (B) the Borrowers’ local counsel in the form Louisiana dated as of the attached Exhibit K date of this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Lenders and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the each Borrower of (Aa) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of the such Borrower approving the Loan Documents to which the Borrower it is a party, (Bb) the articles or certificate (as applicable) of incorporation (or organization) and bylaws, limited liability company agreement, operating agreement, limited partnership agreement or other governing documents of the such Borrower, (C) the bylaws of the Borrower and (Dc) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the each Borrower certifying the names and true signatures of the officers of the such Borrower authorized to sign this Agreement, the Notes, the Notices of Borrowing, the Notices of Conversion or Continuation, and the other Loan Documents to which the such Borrower is a party;
(v) copiescertificates of good standing for each Borrower in each state in which each such Person is organized or qualified to do business, certified which certificate shall be dated a date not sooner than 10 days prior to the date of this Agreement;
(vi) a certificate dated as of the date of this Agreement by from a Responsible Officer or of the secretary or an assistant secretary Borrower Representative on behalf of the Borrowers stating that (a) all representations and warranties of each Guarantor of Borrower set forth in this Agreement and the other Loan Documents are true and correct in all material respects; (Ab) no Default has occurred and is continuing; and (c) the resolutions conditions in this Section 3.01 have been met;
(vii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing by the Administrative Agent with the appropriate authorities and any other documents, agreements or instruments reasonably necessary to create an Acceptable Security Interest in such Collateral;
(viii) casualty insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming Administrative Agent as additional insured and evidencing insurance which meets the requirements of this Agreement and the Board of Directors Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(ix) the initial Engineering Report; and
(x) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent Lenders shall have received the following ------------- documents, each dated the Merger Date (unless otherwise specified), each duly executed by all and delivered to the parties theretoLenders, and each to be satisfactory in form and substance satisfactory to the Administrative Agent, the Issuing Lender Lenders and the Lenders, and, where applicable, in sufficient copies for each Lendertheir counsel:
(i) this Agreementthe Facility B Notes, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (duly executed by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesParent;
(ii) a favorable opinion reaffirmations of the Borrower’s, its Subsidiaries’ and Guaranty Agreements signed by each of the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copiesan amendment to the Stock Pledge Agreement, certified as duly executed and delivered by Pledgor (the "Stock Pledge Agreement"), pledging to the Collateral Agent, for the benefit of the date Lenders, a number of this Agreement by a Responsible Officer additional shares of MIDCOM common stock (the Borrower "Additional Pledged Shares") such that the aggregate number of shares pledged to the Collateral Agent is equal to the greater of (A) 2,000,000, multiplied by a fraction, the resolutions numerator of which is aggregate principal amount of the Board Facility B Loans requested and the denominator of Directors which is 10,000,000; and (B) the quotient obtained by dividing (1) the product of two (2) times the aggregate principal amount of the Borrower approving Facility B Loans requested by (2) the current market value (as defined under Regulation G) on the Tender Date of the MIDCOM common stock, as reported in the New York Times or the Wall Street --- ---- ----- ---- ------ Journal; -------
(iv) the certificates evidencing the Additional Pledged Shares, together with stock powers duly executed in blank by Pledgor, with signatures guaranteed, and such other instruments, documents or agreements with respect thereto as the Collateral Agent may require to be delivered to the Collateral Agent;
(v) evidence satisfactory to Lenders that the Additional Pledged Shares are subject to (A) no Liens whatsoever other than in favor of the Collateral Agent and (B) no "lock-ups" or any similar agreement which would prevent the pledge thereof to the Collateral Agent for the benefit of the Lenders or, with the exception of the DLJ Letter Agreement, might prevent, affect, or delay the resale thereof by the Collateral Agent for the benefit of the Lenders;
(vi) evidence satisfactory to Lenders that the repayment of the Affiliate Loan and of the Facility A Loan will not be subject to any impediment or cause a default or event of default relating to any agreement for borrowed money to which Parent or TI is party or to which Parent or TI is bound;
(vii) additional warrants issued in the name of Lenders pursuant to the Warrant Agreement exercisable, as to each Lender, for such Lender's Pro Rata Share of two percent (2%) of Parents common stock on a fully diluted basis;
(viii) a certificate signed by each individual Guarantor, by the President or chief financial officers of each corporate Guarantor and by the President or chief financial officers of the general partner of each Partnership Obligor, certifying that (A) the representations and warranties set forth in the Loan Documents to which the Borrower each such Obligor is a party, party are true and correct in all respects on and as of such date with the same effect as though made on and as of such date; (B) such Obligor is on such date in compliance with all the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower terms and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving conditions set forth in the Loan Documents to which it is a party,party on its part to be observed and performed, and (C) on the Merger Date, after giving effect to the making of the Facility B Loans, no Default or Event of Default has occurred or is continuing;
(ix) a "bring-down" certificate of the Secretary of each Corporate Obligor as to the certificate delivered by such Corporate Obligor pursuant to Section hereof and as to the documents relating to such Corporate Obligor delivered pursuant to Section hereof;
(x) a "bring-down" certificate of the general partner of the Partnership Obligor as to the certificate delivered by the Partnership Obligor pursuant to Section hereof and as to the partnership agreement delivered pursuant to Section hereof;
(xi) a copy of the Certificate of Incorporation of Parent, and all restatements thereof or amendments thereto, certified as of a date close to the Merger Date, by the Secretary of State for Delaware;
(xii) a duly completed and signed Federal Reserve Form FR G-3 in favor of each Lender, showing that the making of the Facility B Loan by such Lender complies with the requirements of Regulation G;
(xiii) the written opinion of Xxxxx Xxxxxxxx & Xxxxxxx, counsel to Obligors, in the form attached hereto as Exhibit E, as to the --------- transactions contemplated by this Agreement;
(xiv) such UCC termination statements and other Lien releases and terminations as the Lender may require with respect to the Collateral;
(xv) copies of all required regulatory approvals, including, without limitation, any which may be required by regulatory authorities having jurisdiction over any Obligor and any that may be required for any transactions contemplated by this Agreement or any of the other Loan Documents;
(xvi) such other documents, instruments and agreements with respect to the transactions contemplated by this Agreement as may be requested by the Lenders or the Collateral Agent, in each case in such form and containing such additional terms and conditions as may be satisfactory to the Lenders and the Collateral Agent.
Appears in 1 contract
Documentation. The Administrative Agent Purchaser shall have received received, on or prior to the following Closing Date, the following, each in the form and substance satisfactory to Purchaser and its counsel:
(1) duly executed counterparts of this Agreement by each of the Obligors and the Purchaser, together with all Exhibits and Schedules hereto updated as of the Closing Date;
(2) the Third Amended and Restated Note in the form of Exhibit A hereto, duly executed, delivered and issued by the Company to the Purchaser;
(3) duly executed counterparts of the Omnibus and Reaffirmation Agreement, by each of the Obligors and the Purchaser, together with updated Schedules to the Existing Security Agreement and the Existing Pledge Agreement;
(4) duly executed counterparts to Amendment No. 4 to Warrant Agreement by the Company and the Purchaser;
(5) duly executed Warrant Agreement by the Company and the Purchaser;
(6) a Closing Certificate, duly executed by the Company, certifying as to no default and certain other matters, and attaching true, correct and complete copies of all Existing Senior Secured Debt Documents;
(7) [intentionally deleted];
(8) [intentionally deleted];
(9) UCC-1 Financing Statements for filing in each appropriate jurisdiction naming each of the parties Obligors as “debtor” and the Purchaser as “secured party” covering the Collateral;
(10) [intentionally deleted];
(11) Lien search results with respect to each Obligor, from all appropriate jurisdictions and filing offices as requested by the Purchaser, with results satisfactory to the Purchaser, together with executed originals of such termination statements, releases and cancellations of mortgages required by the Purchaser in connection with the removal of any Liens (other than Permitted Liens) against the assets of the Obligors;
(12) Secretary Certificate by each Obligor, or by the Company on behalf of itself and each other Obligor, together with attached copies of the certificate of formation, organization or jurisdictional equivalent of each Obligor and all amendments thereto, together with the bylaws, operating agreement or equivalent document, in each case, certified by the relevant secretary or manager of such Obligor as of a recent date; and (b) good standing certificates or jurisdictional equivalent for each Obligor, issued by the relevant Secretary of State and or equivalent governmental authority in which such Obligor is organized, in each case as of a recent date; (c) a copy of resolutions adopted by the governing board of each Obligor, authorizing the execution, delivery and performance of this Agreement and the other Transaction Documents to which such Obligor is a party certified as true, complete and correct by the relevant secretary of manager of such Transaction as of a recent date; and (d) specimen signatures of the officers or members of each Obligor executing the Agreement and the other Transaction Documents, certified as genuine by the relevant secretary or manager of such Obligor;
(13) favorable legal opinion of Hxxxxx & Bxxxx, LLP, counsel to the Obligors addressed to the Purchaser, covering such matters relating to the transactions contemplated hereby as the Purchaser may reasonably request, and in form and scope reasonably satisfactory to Purchaser and its counsel;
(14) copies of all consents and waivers, if any, required by any Governmental Authorities or required under any of the Company’s Material Contracts in connection with the transactions contemplated hereby, including, without limitation, consents or waivers with respect to any agreements prohibiting (A) the grant of any security interest on any Collateral and (B) the issuance of the Senior Notes, the incurrence of the Obligations, any guaranty thereof by any Guarantor, and any security or pledge by the Obligors in favor of Purchaser;
(15) certified copies of (A) the audited annual consolidated financial statements of the Company for the fiscal year ending 2021, (B) the internally prepared quarterly financial statements of the Company for the period from January 1, 2022 through and including the fiscal quarter ended June 30, 2022, and (C) updated financial projections for the Company and its consolidated subsidiaries, each in form and substance satisfactory to the Administrative AgentPurchaser, copies of which are attached as Exhibit C hereto;
(16) a duly executed solvency certificate from the Issuing Lender Company as to solvency of each the Obligors, taken as a whole, after giving effect to the transactions contemplated hereunder to occur on the Closing Date; and
(17) each other Transaction Document and closing item specified as an item to be delivered on or prior to the LendersClosing Date on the Closing Checklist prepared by Purchaser’s counsel and furnished to the Company and its counsel shall have been executed and delivered to Purchaser or otherwise satisfied, and, where as applicable, in sufficient copies for each Lender:
(i) this Agreementcase, a Note payable to as determined by the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Purchaser.
Appears in 1 contract
Samples: Note Purchase Agreement (Staffing 360 Solutions, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, a Note payable to the order of each Lender Bank in the amount of its Revolving Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ Proven Reserves and the Guarantors' Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s's Oklahoma counsel, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement Effective Date and substantially in the form of the attached Exhibit K EXHIBIT K-1 covering the matters discussed in such Exhibit and such other matters as any Lender Bank through the Administrative Agent may reasonably request;
(iii) copies, certified a favorable opinion of the Agent's counsel dated as of the date of this Agreement by a Responsible Officer Effective Date and substantially in the form of the Borrower of (A) attached EXHIBIT K-2 covering the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentsmatters discussed in such Exhibit;
(iv) certificates a certificate of a Responsible Officer the secretary or an assistant secretary of the Borrower certifying its Certificate of Incorporation and Bylaws, the names resolutions of the board of directors of the Borrower authorizing this Agreement and true related transactions, and the incumbency and signatures of the officers of the Borrower authorized to sign execute this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Agreement and the other Loan Documents to which the Borrower is a partyrelated documents;
(v) copies, certified as a certificate of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor certifying the existence of (A) such Guarantor, the certificate or articles of incorporation and bylaws or other equivalent organizational documents of such Guarantor, the resolutions of the Board board of Directors (directors or other applicable governing body) equivalent managing body of such Guarantor approving authorizing the Loan Guaranty of such Guarantor and related transactions, and the incumbency and signatures of the officers of such Guarantor authorized to execute the Guaranty of such Guarantor and related documents;
(vi) a certificate dated as of the Effective Date from the president or chief financial officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(vii) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities;
(viii) stock certificates required in connection with the Pledge Agreement and stock powers executed in blank for each such stock certificate;
(ix) insurance certificates naming the Agent loss payee or additional insured evidencing insurance which meets the requirements of this Agreement and the Security Documents and which is satisfactory to which it is insurance consultants or brokers satisfactory to the Agent;
(x) an environmental review by an environmental consultant acceptable to the Agent, covering the Oil and Gas Properties and other related Properties of Carlton, in form and substance satisfactory to the Agent;
(xi) certified copies of each of the Carlton Acquisition Documents, each certified as of the Effective Date by a party,Responsible Officer of the Borrower as being true and correct copies of such documents as of the Effective Date;
(xii) certified copies of each of the documents pertaining to the offering of the Senior Notes, including, without limitation, the Indenture, as being true and correct copies of such documents as of the Effective Date;
(xiii) such other documents, governmental certificates, agreements, and lien searches as the Agent or any Bank may reasonably request.
Appears in 1 contract
Samples: Credit Agreement (Ram Energy Inc/Ok)
Documentation. The Administrative Agent Lenders shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties (other than the Xxxxxxx Shale Properties but including the Oil and Gas Properties to be acquired under the WO Energy Acquisition) in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the date of this Agreement from the Responsible Officer of the Borrower stating that the conditions in this Section 3.01 have been met;
(viii) delivery by Borrower of evidence satisfactory to the Administrative Agent that, on or prior to the date hereof, a cash infusion of not less than $30,000,000 in the aggregate has been made to the Borrower in the form of common equity, Senior Debt or other types of capital acceptable to the Administrative Agent; appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) stock certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(x) insurance certificates naming the Collateral Trustee loss payee or additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(xi) the initial Independent Engineer’s Report dated effective as of a date acceptable to the Administrative Agent;
(xii) the Collateral Trust and Intercreditor Agreement;
(xiii) copies, certified by a Responsible Officer of the Borrower, of all of the WO Energy Acquisition Instruments, together with all amendments, modifications or waivers thereto in effect on the Effective Date; and
(xiv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Cano Petroleum, Inc)
Documentation. The Administrative Agent Purchaser shall have received received, on or prior to the following Closing Date, the following, each in the form and substance satisfactory to Purchaser and its counsel:
(1) duly executed counterparts of this Agreement by each of the Obligors and the Purchaser, together with all Schedules hereto updated as of the Closing Date;
(2) the Second Amended and Restated Note in the form of Exhibit A hereto, duly executed, delivered and issued by the Company to the Purchaser;
(3) Duly executed counterparts of the Omnibus and Reaffirmation Agreement, by each of the Obligors and the Purchaser, together with updated Schedules to the Existing Security Agreement and the Existing Pledge Agreement;
(4) An amendment to, or amendment and restatement of, the Existing Share Mortgage (the “Share Mortgage Amendment”) and to the Existing Pledge Agreement (collectively, the “Pledge Amendments”), duly executed by the Company, which for avoidance of doubt includes, among other collateral specified therein, a pledge of 100% of the equity of all first-tier Foreign Subsidiaries of the parties Obligors (other than any Excluded Subsidiaries), together with all schedules thereto;
(5) [Intentionally deleted];
(6) a Closing Certificate, duly executed by the Company, certifying as to no default and certain other matters, and attaching true, correct and complete copies of all Existing Senior Secured Debt Documents;
(7) [intentionally deleted];
(8) [intentionally deleted];
(9) UCC-1 Financing Statements for filing in each appropriate jurisdiction naming each of the Obligors as “debtor” and the Purchaser as “secured party” covering the Collateral;
(10) [intentionally deleted];
(11) Lien search results with respect to each Obligor, from all appropriate jurisdictions and filing offices as requested by the Purchaser, with results satisfactory to the Purchaser, together with executed originals of such termination statements, releases and cancellations of mortgages required by the Purchaser in connection with the removal of any Liens (other than Permitted Liens) against the assets of the Obligors;
(12) Secretary Certificate by each Obligor, or by the Company on behalf of itself and each other Obligor, together with attached copies of the certificate of formation, organization or jurisdictional equivalent of each Obligor and all amendments thereto certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, together with the bylaws, operating agreement or equivalent document, in each case, certified by the relevant secretary or manager of such Obligor as of a recent date; and (b) good standing certificates or jurisdictional equivalent for each Obligor, issued by the relevant Secretary of State and or equivalent governmental authority in which such Obligor is organized, in each case as of a recent date; (c) a copy of resolutions adopted by the governing board of each Obligor, authorizing the execution, delivery and performance of this Agreement and the other Transaction Documents to which such Obligor is a party certified as true, complete and correct by the relevant secretary of manager of such Transaction as of a recent date; and (d) specimen signatures of the officers or members of each Obligor executing the Agreement and the other Transaction Documents, certified as genuine by the relevant secretary or manager of such Obligor;
(13) favorable legal opinion of Xxxxxx & Xxxxx, LLP, counsel to the Obligors addressed to the Purchaser, covering such matters relating to the transactions contemplated hereby as the Purchaser may reasonably request, and in form and scope reasonably satisfactory to Purchaser and its counsel;
(14) copies of all consents and waivers, if any, required by any Governmental Authorities or required under any of the Company’s Material Contracts in connection with the transactions contemplated hereby, including, without limitation, consents or waivers with respect to any agreements prohibiting (A) the grant of any security interest on any Collateral, (B) the payment of the PIK Fee Shares, and (C) the issuance of the Senior Notes, the incurrence of the Obligations, any guaranty thereof by any Guarantor, and any security or pledge by the Obligors in favor of Purchaser;
(15) certified copies of (A) the audited annual consolidated financial statements of the Company for the fiscal years ending December 31, 2019, (B) the internally prepared quarterly financial statements of the Company for the period from January 1, 2020 through and including the fiscal quarter ended June 27, 2020, and (C) updated financial projections for the Company and its consolidated subsidiaries, each in form and substance satisfactory to the Administrative AgentPurchaser, copies of which are attached as Exhibit C hereto;
(16) a duly executed solvency certificate from the Issuing Lender Company as to solvency of each the Obligors, taken as a whole, after giving effect to the transactions contemplated hereunder to occur on the Closing Date;
(17) each other Transaction Document and closing item specified as an item to be delivered on or prior to the LendersClosing Date on the Closing Checklist prepared by Purchaser’s counsel and furnished to the Company and its counsel shall have been executed and delivered to Purchaser or otherwise satisfied, and, where as applicable, in sufficient copies for each Lender:
(i) this Agreementcase, a Note payable to as determined by the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesPurchaser;
(ii18) a favorable opinion of [Intentionally deleted]; and
(19) Amendment No. 3 to Warrant Agreement, duly executed by the Borrower’s, its Subsidiaries’ Company and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Purchaser.
Appears in 1 contract
Samples: Note Purchase Agreement (Staffing 360 Solutions, Inc.)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Collateral Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, if requested by such Lender, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiariesthe Guarantors’ Proven Reserves and associated Oil and Gas Properties in connection therewith, and each the Indenture Intercreditor Agreement, assignments of the mortgages and deeds of trust in effect under the Existing Credit Agreement (other Loan Documentsthan the deed of trust encumbering the Oil and Gas Properties located in Xxxx and Xxxxxxxxx County, Texas) necessary to effectuate, or reflect of public record, the Collateral Agent as the beneficiary or mortgagee, as applicable, under such mortgages and deeds of trust, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ ’s and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate or articles of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the partnership agreement, articles or certificate of incorporation, or certificate of formation (as applicable) and the limited liability company agreement, operating agreement, partnership agreement or bylaws (as applicable) of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) appropriate UCC‑1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(viii) certificates evidencing the Equity Interests, if any, required in connection with the Pledge Agreements and powers executed in blank for each such certificate;
(ix) insurance certificates naming the Collateral Agent loss payee or as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and which is otherwise satisfactory to the Administrative Agent;
(x) certificates of good standing for the Borrower and the Guarantors in each state in which each such Person is organized or qualified to do business, which certificate shall be (A) dated a date not sooner than 14 days prior to the date of this Agreement and (B) otherwise effective on the Effective Date;
(xi) the initial Independent Engineer’s Report dated effective as of a date acceptable to the Administrative Agent;
(xii) a certificate dated as of the date of this Agreement from the Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower and each Guarantor set forth in the Loan Documents are true and correct in all material respects as of such date (except in the case of representations and warranties that are made solely as of an earlier date or time, which representations and warranties shall be true and correct in all material respects as of such earlier date or time); (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met; and
(xiii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following following:
(1) this Amendment, duly and validly executed by all the parties theretoLenders and the Borrower;
(2) account control agreements, in form duly and substance satisfactory to validly executed by the Credit Parties, the Administrative Agent, and Frost Bank, as depositary bank, with respect to each Deposit Account of a Credit Party at Frost Bank in existence on the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesAmendment Effective Date;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii3) copies, certified as of the date Amendment Effective Date, by an Authorized Officer or the secretary or an assistant secretary of this Agreement by a Responsible Officer each of the Borrower Credit Parties of (A) the resolutions of the Board applicable governing body of Directors of each such Credit Party or approving this Amendment and the Borrower approving the Loan other Credit Documents to which the Borrower each such Credit Party is a party, and (B) the articles or certificate (as applicable) of incorporation (or organization or formation) and bylaws (or partnership or company agreement) of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentseach such Credit Party;
(iv4) certificates of a Responsible an Authorized Officer or the secretary or assistant secretary of each of the Borrower Credit Parties certifying the names and true signatures of the officers of the Borrower Credit Parties authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Amendment and the other Loan Credit Documents to which such the Borrower Credit Party is a party;
(v5) copiescertificates of good standing and existence for each of the Credit Parties in the state, certified as of province or territory in which each such Credit Party is organized, which certificates shall be dated a date not earlier than 30 days prior to the date of this Agreement by a Responsible Amendment;
(6) certificate of an Authorized Officer or of the secretary or an assistant secretary of each Guarantor of Borrower (A) certifying that the resolutions condition set forth in Section 9(b) of this Amendment has been satisfied and (B) attaching an executed copy of the Board Xxxxxxxx Acquisition Agreements and the Preferred Equity Purchase Agreement, together with all executed copies of Directors amendments thereto;
(or 7) favorable opinions of (i) Xxxxx Xxxxx L.L.P., counsel to the Credit Parties and (ii) the local counsel of the Credit Parties listed on Part I of Exhibit D attached hereto, in each case addressed to the Administrative Agent and each Lender and covering such customary matters concerning the Credit Parties and the Credit Documents as the Administrative Agent may reasonably request;
(8) a certificate of an Authorized Officer of the Borrower, substantially in the form attached hereto as Exhibit E certifying that the Borrower and the Restricted Subsidiaries, and immediately after giving effect to the consummation of the Xxxxxxxx Acquisition, the Preferred Equity Transaction and the other applicable governing bodytransactions to occur upon the Amendment Effective Date are, as of the Amendment Effective Date, solvent; and
(9) counterparts of such Guarantor approving the Loan Documents to which it is a party,Intercompany Note (together with an executed undated allonge) executed by the Borrower and the Restricted Subsidiaries.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ Proven Reserves and ' (other than Foreign Subsidiaries) Oil and Gas Properties in connection therewithProperties, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s's, its Subsidiaries’ ' (other than Foreign Subsidiaries) and the Guarantors’ ' counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Borrower of (A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower it is a party, (B) the certificate articles of incorporation and bylaws of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer or the secretary or an assistant secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor Subsidiary of the Borrower (other than Foreign Subsidiaries) of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor Subsidiary approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Subsidiary, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Subsidiary is a party;
(vi) a certificate of the secretary or an assistant secretary of each Subsidiary (other than Foreign Subsidiaries) certifying the names and true signatures of officers of such Subsidiary authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Subsidiary is a party;
(vii) a certificate dated as of the date of this Agreement from the President or Chief Financial Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) stock certificates required in connection with the Pledge Agreement and stock powers executed in blank for each such stock certificate;
(x) insurance certificates naming the Administrative Agent co-loss payee or additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments; and
(xi) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, ;
(ii) a Note payable to the order of each Lender in the amount of its Commitment, ;
(iii) a Pledge Agreement executed by Bxxxxxx Exploration and the Guaranties, General Partner;
(iv) stock certificates required in connection with the Pledge AgreementAgreements and stock powers executed in blank for each such stock certificate;
(v) the Mortgage Amendments and any additional Mortgages that may be required pursuant to Section 5.11;
(vi) copies of insurance policies or certificates thereof naming the Administrative Agent loss payee or additional insured, the Security Agreementsas applicable, and Mortgages encumbering at least 80% (certified by value) of the Borrower’s insurance broker as true and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewithcorrect copies thereof, and each of which are otherwise satisfactory to the other Loan Documents, and all attached exhibits and schedulesAdministrative Agent;
(iivii) a favorable opinion of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date Closing Date of this Agreement Txxxxxxx & Kxxxxx L.L.P., counsel to the Credit Parties, in form and substantially in substance satisfactory to the form of the attached Exhibit K Administrative Agent covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iiiviii) a favorable opinion dated as of the Closing Date of Dubberstein, Hxxxxx & Mxxxxx, P.C., Oklahoma counsel to the Credit Parties, in form and substance reasonably satisfactory to the Administrative Agent;
(ix) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Borrower General Partner of (A) the resolutions of the Board of Directors applicable governing body of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation organizational documents of the Borrower, and (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, the Security Instruments and the other Loan DocumentsDocuments to which the Borrower is a party;
(ivx) certificates of a Responsible Officer or the secretary or an assistant secretary of the Borrower General Partner certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign on behalf of the Borrower this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, the Security Instruments and the other Loan Documents to which the Borrower is a party;
(vxi) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) body of such Guarantor approving the Loan Documents to which it is a party,, (B) the organizational documents of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(xii) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign this Agreement, the Security Instruments and the other Loan Documents to which such Guarantor is a party;
(xiii) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the Credit Parties in all jurisdictions where required by the Administrative Agent;
(xiv) a certificate dated as of the date of this Agreement from the Responsible Officer of the General Partner stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(xv) the Intercreditor and Subordination Agreement;
(xvi) results of lien, tax and judgment searches of the UCC Records of the Secretary of State and applicable counties of the States of Delaware, Oklahoma and Texas from a source acceptable to the Administrative Agent and reflecting no Liens against any of the Collateral as to which perfection of a Lien is accomplished by the filing of a financing statement other than in favor of the Administrative Agent, other than Permitted Liens;
(xvii) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral; and
(xviii) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreements, the Parent Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 8085% (by value) of the PV-10 of the Borrower’s 's and its Subsidiaries’ ' Proven Reserves and Oil and Gas Properties (as set forth in the Initial Engineering Report) in connection therewith, account control agreements required pursuant to Section 5.13 and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of (A) the Parent's, the Borrower’s, its Subsidiaries’ 's and the Guarantors’ ' primary counsel dated as of the date of this Agreement in form and substantially in covering such matters as the form Administrative Agent may reasonably request, and (B) the Borrower's and its Subsidiaries' local counsel dated as of the attached Exhibit K date of this Agreement in form and covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Borrower of (A) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws, limited liability company agreement, operating agreement, limited partnership agreement or other governing documents of the Borrower, an (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer or the secretary or an assistant secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board board of Directors directors or managers (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws, limited liability company agreement, operating agreement, limited partnership agreement or other governing documents of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of a Responsible Officer or the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of the Parent of (A) the resolutions of the Board of Directors of the Parent approving the Loan Documents to which the Parent is a party, (B) the articles or certificate of incorporation and the bylaws of the Parent, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Parent Pledge and the other Loan Documents to which the Parent is a party;
(viii) certificates of a Responsible Officer or the secretary or an assistant secretary of the Parent certifying the names and true signatures of the officers of the Parent authorized to sign the Parent Pledge and the other Loan Documents to which the Parent is a party;
(ix) a certificate dated as of the Closing Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations or warranties that already are qualified or modified by materiality in the text thereof); (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(x) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(xi) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates and endorsements naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments, and otherwise satisfactory to the Administrative Agent;
(xii) the Initial Engineering Report;
(xiii) stock, membership or partnership certificates required in connection with the Parent Pledge Agreement and the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(xiv) [Reserved].
(xv) certificates of good standing and existence for the Parent and each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xvi) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Samples: Credit Agreement (Isramco Inc)
Documentation. The Administrative Agent As conditions precedent to the Bank's issuance ------------- of the Letter of Credit, the Bank shall have received each of the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each LenderBank:
(ia) Executed copies of this Agreement, a Note payable to Agreement and the order of each Lender in Collateral Documents (other than the amount of its CommitmentMortgage, the Guaranties, Environmental Indemnity Agreement and the Pledge Agreement, the Security AgreementsAssignment of Construction Documents), and Mortgages encumbering at least 80% (by value) true and correct copies of executed copies of the Borrower’s Bond Documents and its Subsidiaries’ Proven Reserves and Oil and Gas Properties all documentation delivered in connection therewith;
(b) Such financing statements as the Bank may require pursuant to Section 3.05;
(c) Certified copies of the certificate or articles of formation or incorporation, operating agreement or bylaws and authorizing resolutions of the Borrower and each of the other Loan DocumentsGuarantors, as applicable, and all attached exhibits a good standing certificate for the Borrower and scheduleseach of the Guarantors issued by the state of formation or incorporation of the Borrower and each of the Guarantors;
(iid) a favorable opinion A certificate of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated Borrower as of the date of this Agreement execution and substantially delivery hereof stating that (i) the representations and warranties contained in Article V are true and correct and (ii) no Event of Default has occurred and is continuing, and no event has occurred and is continuing which, with the giving of notice or lapse of time or both, would constitute an Event of Default;
(e) An opinion of counsel to the Borrower and the Guarantors (which opinions may be issued, where indicated, in reasonable reliance upon certifications, opinions and other documentation derived from governmental agencies and others having particular access to materials and information necessary to reach the conclusions expressed in such opinions) in form and substance acceptable to the Bank and its counsel;
(f) A certificate or certificates of the attached Exhibit K officers of the Issuer covering the matters discussed in such Exhibit and such other matters as any Lender through to the Administrative Agent Issuer and the Bond Documents as the Bank may reasonably request;
(iiig) copiesOpinions of Xxxxxxx & Xxx, certified bond counsel, and Xxxxxx X'Xxxxx Xxxxxxx & Xxxx, P.C., counsel to the Issuer, covering such matters as to the Issuer and the Bond Documents as the Bank may reasonably request;
(h) A certificate or certificates of the Guarantors as of the date of this Agreement by a Responsible Officer of execution and delivery hereof (i) stating that the Borrower of (A) representations and warranties contained in the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower Guaranty are true and correct and (Dii) all other documents evidencing other necessary corporate action no Event of Default as defined in the Guaranty has occurred and governmental approvals, if any, with respect to this Agreement, the Noteis continuing, and no event has occurred and is continuing, which with the other Loan Documentsgiving of notice or lapse of time or both, would constitute such an Event of Default;
(ivi) certificates Consolidated financial statements of a Responsible Officer IS&S, Inc. and its subsidiaries as of March 31, 2000 for the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partysix-month period then ending;
(vj) copies, certified as Evidence of the date insurance required under Section 6.05 and that the Project Facilities are not located in a Special Flood Hazard area as defined by the United States Department of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Housing and Urban Development;
Appears in 1 contract
Samples: Reimbursement, Credit and Security Agreement (Innovative Solutions & Support Inc)
Documentation. The Administrative Agent shall have received ------------- counterparts of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and, with respect to this Agreement, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each LenderBank:
(i) this Agreementthe Notes, a Note payable to the order of each Lender in the amount of its Commitment, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Parent on behalf of the Borrower dated as of the Effective Date stating that as of the Effective Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the Borrower’s's knowledge there are no claims, its Subsidiaries’ defenses, counterclaims or offsets by the Borrower against the Banks under the Credit Documents;
(iii) a certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower and the Guarantors’ counsel each Guarantor dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the names and true signatures of officers or authorized representatives of the general partner of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the general partner of such Person with respect to the transactions herein contemplated, (C) either (x) the copies of the organizational documents of the general partner of such Person delivered to the Banks are still true and correct and have not been amended or modified since such date or (y) copies of any modification or amendment to the organizational documents of the general partner of such Person made since such date, (D) a true and correct copy of the partnership agreement for such Person, and (E) a true and correct copy of all partnership authorizations necessary or desirable in connection with the transactions herein contemplated;
(iv) a certificate of the Secretary or an Assistant Secretary of the Parent dated as of the date of this Agreement certifying as of the date of this Agreement (A) resolutions of the Board of Directors of such Person with respect to the Borrower approving the Loan Documents to which the Borrower is a partytransactions herein contemplated, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the BorrowerParent made since such date, and (C) that the bylaws Parent owns 100% of the Borrower general partner interests and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer at least 70% of the Borrower certifying limited partnership interests in the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyBorrower;
(v) copies(A) one or more favorable written opinions of Sidley Austin Brown & Wood L.L.P., certified special counsel for thx Xxxxxxxx, xxx Xxxxxx, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the date Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of this Agreement the Closing Date and with such changes as the Administrative Agent may approve;
(vi) a Borrowing Base Certificate dated as of the Closing Date, duly completed and executed by a Responsible the Chief Financial Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions Treasurer of the Board Parent on behalf of Directors the Borrower; and
(or vii) such other applicable governing body) of such Guarantor approving documents, governmental certificates, agreements, and lien searches as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and, with respect to this Agreement, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each LenderBank:
(i) this Agreementthe Notes, a Note payable to the order of each Lender in the amount of its Commitment, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Parent on behalf of the Borrower dated as of the Effective Date stating that as of the Effective Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the Borrower’s's knowledge there are no claims, its Subsidiaries’ defenses, counterclaims or offsets by the Borrower against the Banks under the Credit Documents;
(iii) a certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower and the Guarantors’ counsel each Guarantor dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the names and true signatures of officers or authorized representatives of the general partner of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the general partner of such Person with respect to the transactions herein contemplated, (C) either (x) the copies of the organizational documents of the general partner of such Person delivered to the Banks are still true and correct and have not been amended or modified since such date or (y) copies of any modification or amendment to the organizational documents of the general partner of such Person made since such date, (D) a true and correct copy of the partnership agreement for such Person, and (E) a true and correct copy of all partnership authorizations necessary or desirable in connection with the transactions herein contemplated;
(iv) a certificate of the Secretary or an Assistant Secretary of the Parent dated as of the date of this Agreement certifying as of the date of this Agreement (A) resolutions of the Board of Directors of such Person with respect to the Borrower approving the Loan Documents to which the Borrower is a partytransactions herein contemplated, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the BorrowerParent made since such date, and (C) that the bylaws Parent owns 100% of the Borrower general partner interests and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer at least 70% of the Borrower certifying limited partnership interests in the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyBorrower;
(v) copies(A) one or more favorable written opinions of Bxxxx & Wxxx L.L.P., certified special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the date Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of this Agreement the Closing Date and with such changes as the Administrative Agent may approve;
(vi) a Borrowing Base Certificate dated as of the Closing Date, duly completed and executed by a Responsible the Chief Financial Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions Treasurer of the Board Parent on behalf of Directors the Borrower; and
(or vii) such other applicable governing body) of such Guarantor approving documents, governmental certificates, agreements, and lien searches as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lender:
(i) this Agreement, a Note payable to the order of each requesting Lender in the amount of its Commitment, the Security Agreements, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ ' personal property and encumbering at least 90% of all of the Loan Parties' Proven Reserves (as set forth in the Initial Engineering Report) and Oil and Gas Properties in connection therewiththerewith (including the Oil and Gas Properties to be acquired under the Initial Acquisition), and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s, its Subsidiaries’ 's and the Guarantors’ ' primary counsel dated as of the date of this Agreement in form and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified as of the date of this Agreement by a Responsible Officer of the Borrower General Partner of (A) the resolutions of the Board board of Directors managers of the Borrower General Partner approving the Loan Documents to which the Borrower or the General Partner is a party, (B) the articles or certificate of incorporation formation of the General Partner and the company agreement of the General Partner, (C) the certificate of limited partnership of the Borrower, (CD) the bylaws partnership agreement of the Borrower Borrower, and (DE) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the NoteNotes, and the other Loan Documents;
(iv) certificates of a Responsible Officer the secretary or assistant secretary of the Borrower General Partner certifying the names and true signatures of the officers of the Borrower General Partner authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower or the General Partner is a party;
(v) other than as otherwise required under clause (iii) above, copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, (B) the articles or certificate (as applicable) of incorporation (or organization) and bylaws of such Guarantor, and (C) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Guaranty, the Security Instruments, and the other Loan Documents to which such Guarantor is a party;
(vi) a certificate of the secretary or an assistant secretary of each Guarantor certifying the names and true signatures of officers of such Guarantor authorized to sign the Guaranty, Security Instruments and the other Loan Documents to which such Guarantor is a party;
(vii) a certificate dated as of the Initial Funding Date from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(viii) appropriate UCC-1 and UCC-3, as applicable, Financing Statements covering the Collateral for filing with the appropriate authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral;
(ix) property insurance certificates naming the Administrative Agent loss payee and liability insurance certificates naming the Administrative Agent as additional insured, as applicable, and evidencing insurance which meets the requirements of this Agreement and the Security Instruments (including business interruption insurance), and which is otherwise satisfactory to the Administrative Agent;
(x) the Initial Engineering Report;
(xi) stock, membership or partnership certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(xii) copies, certified by a Responsible Officer of the Borrower, of all of the Initial Acquisition Instruments and the Private Placement Documents, together with all amendments, modifications or waivers thereto in effect on the effective date of this Agreement;
(xiii) a Compliance Certificate completed and executed by a Responsible Officer of the General Partner showing the calculation of, and Borrower's pro forma compliance with Section 6.17 as of the Initial Funding Date after giving effect to the Initial Acquisition, the Private Placement and the Borrowings requested and made on the Initial Funding Date;
(xiv) certificates of good standing and existence for each Loan Party in (a) the state, province or territory in which each such Person is organized and (b) each state, province or territory in which such good standing is necessary, which certificates shall be dated a date not earlier than 30 days prior to the date hereof; and
(xv) such other documents, governmental certificates, agreements and lien searches as the Administrative Agent or any Lender may reasonably request.
Appears in 1 contract
Documentation. The Administrative Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender Agent and the LendersBanks, and, where applicable, in sufficient copies for each LenderBank:
(i) this Agreement, a an Amended and Restated Revolving Note and an Amended and Restated Term Note payable to the order of each Lender Bank in the amount of its CommitmentRevolving Commitment and outstanding principal amount of Term Advances as of the Effective Date, respectively, the Guaranties, the Limited Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages Amendments to each of the existing Mortgages encumbering at least 80% (by value) substantially all of the Borrower’s 's and its Subsidiaries’ Proven Reserves and the Guarantors' Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(ii) a favorable opinion of the Borrower’s's Oklahoma counsel, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement Effective Date and substantially in the form of the attached Exhibit K EXHIBIT K-1 covering the matters discussed in such Exhibit and such other matters as any Lender Bank through the Administrative Agent may reasonably request;
(iii) copies, certified a favorable opinion of the Agent's counsel dated as of the date of this Agreement by a Responsible Officer Effective Date and substantially in the form of the Borrower of (A) attached EXHIBIT K-2 covering the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documentsmatters discussed in such Exhibit;
(iv) certificates a certificate of a Responsible Officer the secretary or an assistant secretary of the Borrower certifying its Certificate of Incorporation and Bylaws, the names resolutions of the board of directors of the Borrower authorizing this Agreement and true related transactions, and the incumbency and signatures of the officers of the Borrower authorized to sign execute this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, Agreement and the other Loan Documents to which the Borrower is a partyrelated documents;
(v) copies, certified as a certificate of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor certifying the existence of (A) such Guarantor, the certificate or articles of incorporation and bylaws or other equivalent organizational documents of such Guarantor, the resolutions of the board of directors or other equivalent managing body of such Guarantor authorizing the Guaranty of such Guarantor and related transactions, and the incumbency and signatures of the officers of such Guarantor authorized to execute the Guaranty of such Guarantor and related documents;
(vi) a certificate dated as of the Effective Date from the president or chief financial officer of the Borrower stating that (A) all representations and warranties of the Borrower set forth in this Agreement are true and correct in all material respects; (B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met;
(vii) appropriate UCC-1 or UCC-3 Financing Statements covering the Collateral for filing with the appropriate authorities;
(viii) stock certificates required in connection with the Pledge Agreements and stock powers executed in blank for each such stock certificate;
(ix) insurance certificates naming the Agent loss payee or additional insured evidencing insurance which meets the requirements of this Agreement and the Security Documents and which is satisfactory to insurance consultants or brokers satisfactory to the Agent;
(x) certified copies of each of the Reorganization Documents, each certified as of the Effective Date by a Responsible Officer of the Borrower (A) as being true and correct copies of such documents as of the Effective Date, (B) that to the knowledge of such Responsible Officer as having been duly authorized by the Board of Directors of the Borrower, as managing general partner of the Partnership, and by Double R, as special general partner of the Partnership, and (or other applicable governing bodyC) that to the -43- knowledge of such Guarantor approving Responsible Officer as having been duly executed and delivered by the Loan Borrower, as managing general partner of the Partnership, and by Double R, as special general partner of the Partnership;
(xi) certified copy of the Rescission Documents to which it is each certified as of the Effective Date by a party,Responsible Officer of the Borrower (A) as being true and correct copies of such documents as of the Effective Date, (B) as having been duly authorized by the Board of Directors of the Borrower, as managing general partner of the Partnership, and by the managing general partner of Partners and (C) as having been duly executed and delivered by the Borrower, as managing general partner of the Partnership, and by the managing general partner of Partners; and
(xii) such other documents, governmental certificates, agreements, and lien searches as the Agent or any Bank may reasonably request.
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Documentation. The Administrative Agent shall have received counterparts of this Agreement executed by the Borrower and the Banks, and the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and, with respect to this Agreement, all Guaranties and the Lenders, and, where applicableEnvironmental Indemnity, in sufficient copies for each LenderBank:
(i) this Agreementthe Notes, a Note payable to the order of each Lender in the amount of its Commitment, the all Guaranties, and the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesEnvironmental Indemnity;
(ii) a favorable opinion certificate from the Chief Executive Officer, President or Chief Financial Officer of the Parent on behalf of the Borrower dated as of the Effective Date stating that as of the Effective Date (A) all representations and warranties of the Borrower set forth in this Agreement and the Credit Documents are true and correct in all material respects; (B) no Default has occurred and is continuing; (C) the conditions in this Section 3.01 have been met or waived in writing; and (D) to the best of the Borrower’s’s knowledge there are no claims, its Subsidiaries’ defenses, counterclaims or offsets by the Borrower against the Banks under the Credit Documents;
(iii) a certificate of the Secretary or an Assistant Secretary of the Parent on behalf of the Borrower and the Guarantors’ counsel each Guarantor dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request;
(iii) copies, certified certifying as of the date of this Agreement by a Responsible Officer of the Borrower of (A) the names and true signatures of officers or authorized representatives of the general partner of the Borrower and such Guarantor authorized to sign the Credit Documents to which such Person is a party as general partner of such Person, (B) resolutions of the Board of Directors or the members of the general partner of such Person with respect to the transactions herein contemplated, (C) a true and correct copy of the organizational documents of the general partner of such Person, (D) a true and correct copy of the partnership agreement for such Person, and (E) a true and correct copy of all partnership authorizations necessary or desirable in connection with the transactions herein contemplated;
(iv) a certificate of the Secretary or an Assistant Secretary of the Parent dated as of the date of this Agreement certifying as of the date of this Agreement (A) resolutions of the Board of Directors of such Person with respect to the Borrower approving the Loan Documents to which the Borrower is a partytransactions herein contemplated, (B) the copies of the charter and bylaws of the Parent and any modification or amendment to the articles or certificate of incorporation or bylaws of the BorrowerParent made since such date, and (C) that the bylaws Parent owns 100% of the Borrower general partner interests and (D) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer at least 70% of the Borrower certifying limited partnership interests in the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a partyBorrower;
(v) copies(A) one or more favorable written opinions of Sidley Xxxxxx Xxxxx & Xxxx L.L.P., certified special counsel for the Borrower, the Parent, and their Subsidiaries, in a form reasonably acceptable to the Administrative Agent, in each case dated as of the date Closing Date and with such changes as the Administrative Agent may approve, and (B) such other legal opinions as the Administrative Agent shall reasonably request, in each case dated as of this Agreement the Closing Date and with such changes as the Administrative Agent may approve;
(vi) a Borrowing Base Certificate dated as of the Closing Date, duly completed and executed by a Responsible the Chief Financial Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions Treasurer of the Board Parent on behalf of Directors the Borrower; and
(or vii) such other applicable governing body) of such Guarantor approving documents, governmental certificates, agreements, and lien searches as the Loan Documents to which it is a party,Administrative Agent may reasonably request.
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Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Documentation. The Administrative Agent shall have received In addition to the following duly executed matters described in Section 6.1 hereof, the agreements of Lender to increase the Commitment from $5,000,000 to $7,000,000, to make the Term Loan, and to be bound by all the parties theretoterms and conditions of this Amendment are subject to the receipt by the Lender of each of the following, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each LenderProper Form:
(ia) this Agreementthe amended and restated $7,000,000 Revolving Credit Note, a Note payable to the order of each Lender in the amount of its Commitment, the Guaranties, the Pledge Agreement, the Security Agreements, and Mortgages encumbering at least 80% (executed by value) of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iib) the Term Note, executed by the Borrower and the Parent;
(c) the amendments to Security Documents executed by the Borrower and the Parent;
(d) a favorable opinion certificate executed by the Secretary or Assistant Secretary of the Borrower’s, its Subsidiaries’ Borrower and the Guarantors’ counsel Parent dated as of the date thereof;
(e) certified copies of any amendments to the Organizational Documents of the Borrower or the Parent;
(f) a legal opinion from counsel for the Borrower and the Parent, dated as of the Closing Date, addressed to the Lender and acceptable in all respects to the Lender in its sole and absolute discretion;
(g) an executed disbursement authorization letter from the Borrower and the Parent to the Lender with respect to the disbursement of the proceeds of the Term Loan to be made on or after the Second Amendment Closing Date;
(h) all other Loan Documents and any other instruments or documents consistent with the terms of this Agreement Amendment and substantially in relating to the form of transactions contemplated hereby as the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably request, executed by the Borrower or any other Person required by the Lender; and subject to the further conditions that, at the time of the Term Loan,
(1) all such actions as the Lender shall reasonably require to perfect the Liens created pursuant to the Security Documents shall have been taken, including without limitation, the delivery to the Lender of all Property with respect to which possession is necessary for the purpose of perfecting such Liens (including, without limitation, delivery to the Lender of the stock certificates described on Schedule I to this Amendment);
(iii2) copiesthe Borrower shall have paid all fees owing to the Lender by the Borrower under this Amendment, certified as including without limitation, the following;
(i) a fee in consideration for the Term Loan and the increase in the Commitment, in the amount of $12,000; and
(ii) the administration fee, in the amount of $5,000, pursuant to Section 2.3(b) of the date of this Agreement by a Responsible Officer of the Borrower of Credit Agreement;
(A) the resolutions of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower is a party, (B) the certificate of incorporation of the Borrower, (C) the bylaws of the Borrower and (D3) all other documents evidencing other necessary corporate action and governmental approvals, if any, with respect legal matters incident to this Agreement, the Note, and transactions herein contemplated shall be reasonably satisfactory to counsel for the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Lender.
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Documentation. The Administrative Agent or Xxxxx Fargo Securities, LLC (“Xxxxx Fargo Securities”), as applicable, shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each Lenderreceived:
(i) counterparts of this Agreement, a Note payable to Amendment executed by the order of each Lender in the amount of its CommitmentBorrowers, the Guaranties, the Pledge Agreement, the Security Agreements, Guarantor and Mortgages encumbering at least 80% (by value) all of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedulesLenders;
(ii) a favorable opinion Note executed by the applicable Borrowers in favor of each Lender requesting the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated as of the date of this Agreement and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestsame;
(iii) copies, certified as a certificate of the date of this Agreement by a Responsible Officer of each Borrower certifying as to the incumbency and genuineness of the signature of each officer of such Borrower executing Loan Documents to which it is a party and certifying that attached thereto is a true, correct and complete copy of (A) the resolutions articles of incorporation (or similar formation document for any Foreign Borrower) of such Borrower and all amendments thereto, certified as of a recent date by the applicable Governmental Authority (or by such Borrower in the certificate delivered pursuant to Section 5.2(b)(ii) of the Board of Directors of the Borrower approving the Loan Documents to which the Borrower Credit Agreement, in any jurisdiction where a Governmental Authority certification is a partyneither customary nor available), (B) the certificate bylaws (or similar governing documents) of incorporation of such Borrower as in effect on the Borrowerdate hereof, (C) resolutions duly adopted by the bylaws board of directors or shareholders, as applicable, of such Borrower authorizing the Borrower transactions contemplated hereunder and (D) all other documents evidencing other necessary corporate action the execution, delivery and governmental approvals, if any, with respect to performance of this Agreement, the Note, Amendment and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Documents to which the Borrower is a party;
(v) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,, and (D) each certificate required to be delivered pursuant to Section 5.2(b)(iii) of the Credit Agreement;
(iv) certificates as of a recent date of the good standing (or similar certificate for any Foreign Borrower, if available in the applicable jurisdiction) of each Borrower under the laws of the jurisdiction of formation of such Borrower; and
(v) at least three (3) calendar days prior to the Amendment No. 12 Effective Date, all documentation and other information required by the Administrative Agent or any Lender, as applicable, in order to comply with its obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act and Beneficial Ownership Regulations, in each case, to the extent reasonably requested by the Administrative Agent or such Lender in writing at least ten (10) business days prior to the Amendment No. 12 Effective Date.
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Samples: Five Year Revolving Credit Agreement (BlackRock Inc.)
Documentation. The Administrative Agent As conditions precedent to the Bank's entering into the Bank Participation Agreement, the Bank shall have received each of the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent, the Issuing Lender and the Lenders, and, where applicable, in sufficient copies for each LenderBank:
(ia) Executed copies of this Agreement, a Note payable to the order of each Lender in the amount of its CommitmentNote, the GuarantiesMortgage, the Bond Pledge Agreement, the Security AgreementsAgreement and the Custodial Bank Agreement, and Mortgages encumbering at least 80% true and correct copies of the Bond Documents and all documentation delivered in connection therewith;
(by valueb) Such financing statements as the Bank may require pursuant to Section 3.05;
(c) Certified copies of the articles of incorporation, the bylaws and authorizing resolutions of the Borrower’s and its Subsidiaries’ Proven Reserves and Oil and Gas Properties in connection therewith, and each of the other Loan Documents, and all attached exhibits and schedules;
(iid) a favorable opinion A certificate of an officer of the Borrower’s, its Subsidiaries’ and the Guarantors’ counsel dated Borrower as of the date Closing Date stating that: (i) the representations and warranties contained in Article V are true and correct; and (ii) no Default or Event of this Agreement Default has occurred and substantially in the form of the attached Exhibit K covering the matters discussed in such Exhibit and such other matters as any Lender through the Administrative Agent may reasonably requestis continuing;
(iiie) copiesAn opinion of Xxxxxxx Xxxxx Xxxxxxx & Xxxxxxxxx, certified as counsel to the Borrower to the effect that: (1) the Borrower is a duly organized and validly existing corporation in good standing under the laws of the date State of Delaware with all requisite power and authority to execute, deliver and perform its obligations under this Agreement by a Responsible Officer of Agreement, the Borrower of (A) Note, the resolutions of the Board of Directors of the Borrower approving the Loan Security Documents to which the Borrower is a party, the Loan Agreement and the Remarketing Agreement and to acquire, construct and/or equip the Project as contemplated by the Bond Documents and this Agreement; (B2) the certificate of incorporation of Borrower has obtained from the Borrowergovernmental authorities, (C) the bylaws of boards, agencies, courts, officers or commissions having jurisdiction over the Borrower and (D) all other documents evidencing other necessary corporate action and governmental approvals, if anyconsents, with respect to authorizations, certifications, reviews and other orders that are necessary for the execution, delivery and performance by the Borrower of its obligations under this Agreement, the Note, and the other Loan Documents;
(iv) certificates of a Responsible Officer of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement, the Notes, Notices of Borrowing, Notices of Conversion or Continuation, and the other Loan Security Documents to which the Borrower is a party, the Loan Agreement and the Remarketing Agreement and the acquisition, construction and/or equipping of the Project; (3) the form, terms, execution and delivery of this Agreement, the Note, Security Documents to which the Borrower is a party, the Loan Agreement and the Remarketing Agreement have been duly authorized, and all conditions precedent to the execution and delivery of this Agreement, the Note, the Security Documents to which the Borrower is a party, the Loan Agreement and the Remarketing Agreement by the Borrower have been fulfilled; (4) this Agreement, the Note, the Security Documents to which the Borrower is a party, the Loan Agreement and the Remarketing Agreement constitute legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency or other laws affecting the rights of creditors generally and by the application of general principles of equity; (5) the execution and delivery of and the performance by the Borrower of its obligations under, this Agreement, the Note, the Security Documents to which the Borrower is a party, the Loan Agreement and the Remarketing Agreement will not violate, conflict with or constitute a default under any provision of the Borrower's articles of incorporation or bylaws or any law, rule, regulation, order or judgment applicable to the Borrower or, to the best knowledge of such counsel, any agreement, indenture or other instrument to which the Borrower is a party or by which it or any of its properties may be bound; and (6) there is no pending or, to the best knowledge of such counsel, threatened action, suit, proceeding, inquiry or investigation before or by any court, governmental agency or arbitrator against or involving the Borrower which, in any case, might materially and adversely affect the financial condition or operations of the Borrower, the validity or enforceability of this Agreement, the Note, the Security Documents or the Bond Documents or the construction, acquisition or equipping of the Project as contemplated by the Bond Documents and this Agreement;
(vf) copies, certified as of the date of this Agreement by a Responsible Officer or the secretary or an assistant secretary of each Guarantor of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Guarantor approving the Loan Documents to which it is a party,Intentionally Omitted;
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