Common use of Organization; Powers Clause in Contracts

Organization; Powers. 51 SECTION 5.02. Authorization; Enforceability............................... 51 SECTION 5.03. Approvals; No Conflicts..................................... 51 SECTION 5.04. Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.

Organization; Powers. 51 61 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability ......................... 61 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts .................. 62 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ....... 62 SECTION 5.053.05. Properties.................................................. 52 Properties ............................................ 63 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ................... 64 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ................... 64 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status ................. 65 SECTION 5.093.09. Taxes....................................................... 53 Taxes ................................................. 65 SECTION 5.103.10. ERISA....................................................... 53 ERISA ................................................. 65 SECTION 5.113.11. Disclosure.................................................. 54 Disclosure ............................................ 65 SECTION 5.123.12. Federal RegulationsSubsidiaries .......................................... 66 SECTION 3.13. Insurance ............................................. 66 SECTION 3.14. Labor Matters ......................................... 54 66 SECTION 5.133.15. The Security Documents...................................... 54 Solvency .............................................. 67 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.16.

Organization; Powers. 51 27 SECTION 5.023.02. Authorization; Enforceability............................... 51 ...................................28 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ............................28 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .................28 SECTION 5.053.05. Properties.................................................. 52 ; Liens...............................................28 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ............................29 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .............................29 SECTION 5.083.08. No Default......................................................29 SECTION 3.09. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................29

Organization; Powers. 51 79 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................... 79 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .............. 79 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .................................. 80 SECTION 5.053.05. Properties.................................................. 52 ........................................ 80 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ......................................... 81 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ............... 81 SECTION 5.083.08. Investment and Holding Company Status....................... 53 .......................................... 82 SECTION 5.093.09. Taxes....................................................... 53 ............................................. 82 SECTION 5.103.10. ERISA....................................................... 53 ............................................. 82 SECTION 5.113.11. Disclosure.................................................. 54 ........................................ 82 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.12.

Organization; Powers. 51 46 SECTION 5.023.02. Authorization; Enforceability............................... 51 ............................46 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .....................46 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..........46 SECTION 5.053.05. Properties.................................................. 52 ...............................................47 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .....................47 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ......................47 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ................................48 SECTION 5.093.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.....................................................48

Organization; Powers. 51 18 SECTION 5.024.02. Authorization; Enforceability............................... 51 ................................18 SECTION 5.034.03. Government Approvals; No Conflicts..................................... 51 ...........................18 SECTION 5.044.04. Financial Condition; No Material Adverse Change............. 51 ..............19 SECTION 5.054.05. Properties.................................................. 52 Year 2000....................................................19 SECTION 5.064.06. Litigation and Environmental Matters........................ 53 Litigation...................................................19 SECTION 5.074.07. Compliance with Laws and Agreements......................... 53 ..........................19 SECTION 5.084.08. Investment and Holding Company Status....................... 53 ........................19 SECTION 5.094.09. Margin Regulations...........................................19 SECTION 4.10. Taxes....................................................... 53 ........................................................19 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.154.11.

Organization; Powers. 51 .................................................................59 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..........................................................59 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...................................................60 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .................................................................................60 SECTION 5.053.05. Properties.................................................. 52 .............................................................................61 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...................................................62 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.....................................................62

Organization; Powers. 51 SECTION 5.0243 Section 3.02. Authorization; Enforceability............................... 51 SECTION 5.03........................43 Section 3.03. Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04.................43 Section 3.04. Financial Condition; No Material Adverse Change............. 51 SECTION 5.05......43 Section 3.05. Properties.................................................. 52 SECTION 5.06...........................................44 Section 3.06. Litigation and Environmental Matters........................ 53 SECTION 5.07.................44 Section 3.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08..................44 Section 3.08. Investment and Holding Company Status....................... 53 SECTION 5.09............................44 Section 3.09. Taxes....................................................... 53 SECTION 5.10................................................45 Section 3.10. ERISA....................................................... 53 SECTION 5.11................................................45 Section 3.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15...........................................45 Section 3.12.

Organization; Powers. 51 92 SECTION 5.023.02. Authorization; Enforceability............................... 51 ......................... 92 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................. 93 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ....... 93 SECTION 5.053.05. Properties.................................................. 52 ............................................ 94 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.06.

Organization; Powers. 51 45 SECTION 5.023.02. Authorization; Enforceability............................... 51 .................................. 46 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ........................... 46 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................ 46 SECTION 5.053.05. Properties.................................................. 52 ..................................................... 47 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ........................... 47 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ............................ 48 SECTION 5.083.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15........................... 48

Organization; Powers. 51 SECTION 5.022 Section 3.02. AuthorizationAUTHORIZATION; Enforceability............................... 51 SECTION 5.03ENFORCEABILITY...................................2 Section 3.03. ApprovalsGOVERNMENTAL APPROVALS; No Conflicts..................................... 51 SECTION 5.04NO CONFLICTS............................2 Section 3.04. Financial ConditionFINANCIAL CONDITION; No Material Adverse Change............. 51 SECTION 5.05NO MATERIAL ADVERSE CHANGE.................2 Section 3.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15PROPERTIES......................................................2 Section 3.06.

Organization; Powers. 51 38 SECTION 5.023.02. Authorization; Enforceability............................... 51 .........................39 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ..................39 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...........................................39 SECTION 5.053.05. Properties.................................................. 52 ............................................40 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ..................40 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ...................41 SECTION 5.083.08. Investment and Holding Company Status....................... 53 .................41 SECTION 5.093.09. Taxes....................................................... 53 .................................................41 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.10.

Organization; Powers. 51 56 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .................................. 56 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ........................... 57 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ................ 57 SECTION 5.053.05. Properties.................................................. 52 Properties ..................................................... 58 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ........................... 59 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ............................ 60 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status .......................... 60 SECTION 5.093.09. Taxes....................................................... 53 Taxes .......................................................... 60 SECTION 5.103.10. ERISA....................................................... 53 Disclosure ..................................................... 60 SECTION 5.113.11. Disclosure.................................................. 54 Subsidiaries ................................................... 61 SECTION 5.123.12. Federal Regulations......................................... 54 Insurance ...................................................... 61 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.13.

Organization; Powers. 51 67 SECTION 5.023.02. Authorization; Enforceability............................... 51 .......................67 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .........................................67 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ....................................68 SECTION 5.053.05. Properties.................................................. 52 ..........................................69 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...........................................69 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ................70 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status ..............70 SECTION 5.093.09. Taxes....................................................... 53 ...............................................70 SECTION 5.103.10. ERISA....................................................... 53 ...............................................71 SECTION 5.113.11. Disclosure.................................................. 54 ..........................................71 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.12.

Organization; Powers. 51 58 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability ............................................................... 58 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ............................................... 58 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ............................. 58 SECTION 5.053.05. Properties.................................................. 52 Properties .............................................................................................. 59 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters .................................................. 59 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements .............................................. 59 SECTION 5.083.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Status ................................................................. 60

Organization; Powers. 51 SECTION 5.023.02. Authorization; Enforceability............................... ..................................51 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... ...........................51 SECTION 5.043.04. Financial ConditionStatements; No Material Adverse Change............. 51 ...............52 SECTION 5.053.05. Properties.................................................. ; Liens..............................................52 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...........................52 SECTION 5.073.07. Compliance with Laws and Agreements......................... Laws...........................................53 SECTION 5.083.08. Investment and Holding Company Status....................... ..........................53 SECTION 5.093.09. Taxes....................................................... Taxes .........................................................53 SECTION 5.103.10. ERISA....................................................... ERISA .........................................................53 SECTION 5.113.11. Disclosure.................................................. .....................................................53 SECTION 3.12. Subsidiaries...................................................54 SECTION 5.123.13. Solvency ......................................................54 SECTION 3.14. Federal Reserve Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.....................................54

Organization; Powers. 51 38 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................38 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................38 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................39 SECTION 5.053.05. Properties.................................................. 52 .....................................................39 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................40

Organization; Powers. 51 36 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................36 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .........................36 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..............37 SECTION 5.05. Properties.................................................. 52 SECTION 5.063.05. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..........................37

Organization; Powers. 51 42 SECTION 5.02. 3.02 Authorization; Enforceability............................... 51 .............................. 42 SECTION 5.03. 3.03 Governmental Approvals; No Conflicts..................................... 51 ....................... 42 SECTION 5.04. 3.04 Financial Condition; No Material Adverse Change............. 51 ............ 42 SECTION 5.05. 3.05 Properties.................................................. 52 ................................................. 43 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.3.06

Organization; Powers. 51 18 SECTION 5.024.02. Authorization; Enforceability............................... 51 .................................18 SECTION 5.034.03. Government Approvals; No Conflicts..................................... 51 ............................18 SECTION 5.044.04. Financial Condition; No Material Adverse Change............. 51 ...............18 SECTION 5.054.05. Properties.................................................. 52 Litigation....................................................19 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.074.06. Compliance with Laws and Agreements......................... 53 ...........................19 SECTION 5.084.07. Investment and Holding Company Status....................... 53 .........................19 SECTION 5.094.08. Margin Regulations............................................19 SECTION 4.09. Taxes....................................................... 53 .........................................................19 SECTION 5.104.10. ERISA....................................................... 53 Environmental Matters.........................................19 SECTION 5.114.11. Disclosure.................................................. 54 Existing Agreement............................................19 SECTION 5.124.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Solvency......................................................20

Organization; Powers. 51 38 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................................38 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................................38 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................................39 SECTION 5.053.05. Properties.................................................. 52 ; Insurance..........................................................39 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...........................................40 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ............................................40 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ..........................................40 SECTION 5.093.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15...........................................................................40

Organization; Powers. 51 55 SECTION 5.023.02. Authorization; Enforceability............................... 51 .......................................... 55 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ................................... 55 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ........................ 56 SECTION 5.053.05. Properties.................................................. 52 ............................................................. 56 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.................................... 57 Contents, p. 2

Organization; Powers. 51 36 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................36 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .........................37 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..............37 SECTION 5.053.05. Properties.................................................. 52 ...................................................37 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .........................38 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ..........................38 SECTION 5.083.08. Federal Regulations..........................................38 SECTION 3.09. Investment and Holding Company Status....................... 53 ........................39 SECTION 5.093.10. Taxes....................................................... 53 ........................................................39 SECTION 5.103.11. ERISA....................................................... 53 ........................................................39 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.12.

Organization; Powers. 51 33 SECTION 5.023.02. Authorization; Enforceability............................... 51 .................................... 33 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ............................. 34 SECTION 5.043.04. Financial ConditionStatements; No Material Adverse Change............. 51 ................. 34 SECTION 5.05. Properties.................................................. 52 SECTION 5.063.05. Litigation and Environmental Matters........................ 53 ............................. 34 SECTION 5.073.06. Compliance with Laws and Agreements......................... 53 .............................. 35 SECTION 5.083.07. Investment and Holding Company Status....................... 53 ............................ 35 SECTION 5.093.08. Taxes....................................................... 53 ERISA ........................................................... 35 SECTION 5.10. ERISA....................................................... 53 SECTION 5.113.09. Disclosure....................................................... 35 SECTION 3.10. Security Interests............................................... 35 SECTION 3.11. Use of Proceeds.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.37 ARTICLE IV Conditions

Organization; Powers. 51 31 SECTION 5.023.02. Authorization; Enforceability............................... 51 ............................. 32 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...................... 32 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ........... 32 SECTION 5.053.05. Properties.................................................. 52 ................................................ 32 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...................... 33 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ....................... 33 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Certain Legal Matters..................................... 33 SECTION 5.093.09. Taxes....................................................... 53 ..................................................... 34 SECTION 5.103.10. ERISA....................................................... 53 ..................................................... 34 SECTION 5.113.11. Disclosure.................................................. 54 ................................................ 34 SECTION 5.123.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Material Agreements....................................... 34 ARTICLE IV CONDITIONS

Organization; Powers. 51 32 SECTION 5.023.02. Authorization; Enforceability............................... 51 .................................32 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ..........................32 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...............33 SECTION 5.053.05. Properties.................................................. 52 ....................................................33 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ..........................34 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................34

Organization; Powers. 51 49 SECTION 5.02. 3.2 Authorization; Enforceability............................... 51 .....................................................50 SECTION 5.03. 3.3 Approvals; No Conflicts..................................... 51 ...........................................................50 SECTION 5.04. 3.4 Financial Condition; No Material Adverse Change............. ...................................50 SECTION 3.5 Properties........................................................................51 SECTION 5.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.3.6

Organization; Powers. 51 SECTION 5.02. 91 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. Enforceability ........................................................................................... 91 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. Conflicts ........................................................................... 92 Section 3.04 Financial Condition; Projections; No Material Adverse Change............. 51 SECTION 5.05. Properties.................................................. 52 SECTION 5.06. Effect ........................................ 92 Section 3.05 Properties .......................................................................................................................... 92 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Matters .............................................................................. 93 Section 3.07

Organization; Powers. 51 45 SECTION 5.023.2. Authorization; Enforceability............................... 51 .................................45 SECTION 5.033.3. Governmental Approvals; No Conflicts..................................... 51 ..........................46 SECTION 5.043.4. Financial Condition; No Material Adverse Change............. 51 ................................................46 SECTION 5.053.5. Properties.................................................. 52 ....................................................46 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.6.

Organization; Powers. 51 46 SECTION 5.023.02. Authorization; Enforceability............................... 51 ............................. 46 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...................... 47 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................................ 47 SECTION 5.053.05. Properties.................................................. 52 ................................................ 47 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...................... 48 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ....................... 48 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ..................... 48 SECTION 5.093.09. Taxes....................................................... 53 ..................................................... 49 SECTION 5.103.10. ERISA....................................................... 53 ..................................................... 49 SECTION 5.113.11. Disclosure.................................................. 54 ................................................ 49 SECTION 5.123.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Representations of Initial Obligors....................... 50

Organization; Powers. 51 52 SECTION 5.024.02. Authorization; Enforceability............................... 51 ..........................52 SECTION 5.034.03. Governmental Approvals; No Conflicts..................................... 51 ...................52 SECTION 5.044.04. Financial Condition; No Material Adverse Change............. 51 ........53 SECTION 5.054.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ .............................................53 SECTION 5.074.06. Compliance with Laws and Agreements......................... Litigation.............................................53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.154.07.

Organization; Powers. 51 38 SECTION 5.023.02. Authorization; Enforceability............................... 51 .............................38 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ......................38 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...........39 SECTION 5.053.05. Properties.................................................. 52 ................................................39 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ......................39 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .......................39 SECTION 5.083.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15......................40

Organization; Powers. 51 45 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .................................................. 45 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ........................................... 45 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ................................ 45 SECTION 5.053.05. Properties.................................................. 52 Properties ..................................................................... 46 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ........................................... 46 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Agreements ............................................ 47

Organization; Powers. 51 37 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................37 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................37 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................38 SECTION 5.053.05. Properties.................................................. 52 .....................................................38 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...........................38 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ............................39 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ..........................39 SECTION 5.093.09. Taxes....................................................... 53 ..........................................................39 SECTION 5.103.10. ERISA....................................................... 53 ..........................................................40 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15......................................................40

Organization; Powers. 51 37 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................... 37 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .............................. 37 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................... 38 SECTION 5.053.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15......................................................... 38

Organization; Powers. 51 92 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .............................. 92 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ....................... 93 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ............ 93 SECTION 5.053.05. Properties.................................................. 52 Properties ................................................. 94 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.06.

Organization; Powers. 51 48 SECTION 5.023.02. Authorization; Enforceability............................... 51 ............................................................49 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .....................................................49 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...................................................................................49 SECTION 5.053.05. Properties.................................................. 52 ...............................................................................50 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .....................................................51 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ......................................................52 SECTION 5.083.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.....................................................52

Organization; Powers. 51 SECTION 5.02. 52 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. 52 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ........................ 52 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. 52 Section 3.05 Properties.................................................. 52 SECTION 5.06. 53 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Contents, p. 2

Organization; Powers. 51 59 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .............................. 59 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ....................... 59 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ............ 59 SECTION 5.053.05. Properties.................................................. 52 Properties ................................................. 60 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ....................... 60 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ........................ 61 SECTION 5.083.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Status ...................... 61

Organization; Powers. 51 30 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability ........................... 30 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts .................... 30 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ......... 30 SECTION 5.053.05. Properties.................................................. 52 Properties .............................................. 31 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters .................... 31 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ..................... 31 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status ................... 31 SECTION 5.093.09. Taxes....................................................... 53 Taxes ................................................... 31 SECTION 5.103.10. ERISA....................................................... 53 ERISA ................................................... 32 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Disclosure .............................................. 32 ARTICLE IV Conditions

Organization; Powers. 51 40 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................40 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................41 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................41 SECTION 5.053.05. Properties.................................................. 52 .....................................................42 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................42

Organization; Powers. 51 32 SECTION 5.023.02. Authorization; Enforceability............................... 51 ........................................32 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................................32 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ......................32 SECTION 5.053.05. Properties.................................................. 52 ...........................................................33 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .................................33 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ..................................33 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ................................33 SECTION 5.093.09. Taxes....................................................... 53 ................................................................33 SECTION 5.103.10. ERISA....................................................... 53 ................................................................33 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................................................34

Organization; Powers. 51 23 SECTION 5.023.02. Authorization; Enforceability............................... 51 ........................... 23 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................... 23 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ......... 23 SECTION 5.053.05. Properties.................................................. 52 Litigation.............................................. 24 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.073.06. Compliance with Laws and Agreements......................... 53 ..................... 24 SECTION 5.083.07. Federal Reserve Regulations; Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Status .................................... 24

Organization; Powers. 51 SECTION 5.0240 Section 3.02. Authorization; Enforceability............................... 51 SECTION 5.03................................40 Section 3.03. Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04.........................41 Section 3.04. Financial Condition; No Material Adverse Change............. 51 SECTION 5.05..............41 Section 3.05. Properties.................................................. 52 SECTION 5.06...................................................41 Section 3.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..........................41

Organization; Powers. 51 29 SECTION 5.023.02. Authorization; Enforceability............................... 51 ...............................29 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ........................29 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .............30 SECTION 5.053.05. Properties.................................................. 52 ; Insurance.......................................31 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ........................31 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .........................31 SECTION 5.083.08. Investment and Holding Company Status....................... 53 .......................32 SECTION 5.093.09. Taxes....................................................... 53 .......................................................32 SECTION 5.103.10. ERISA....................................................... 53 .......................................................32 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.11.

Organization; Powers. 51 46 SECTION 5.023.2. Authorization; EnforceabilityEnforceability ............................... 51 46 SECTION 5.033.3. Governmental Approvals; No Conflicts..................................... 51 Conflicts ........................ 47 SECTION 5.043.4. Financial Condition; No Material Adverse ChangeChange ............. 51 47 SECTION 5.053.5. PropertiesProperties .................................................. 52 48 SECTION 5.063.6. Litigation and Environmental MattersMatters ........................ 53 48 SECTION 5.073.7. Compliance with Laws and AgreementsAgreements ......................... 53 48 SECTION 5.083.8. Investment and Holding Company Status....................... 53 Government Regulation ....................................... 49 SECTION 5.093.9. TaxesTaxes ....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.49

Organization; Powers. 51 SECTION 5.02. 52 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. ................................ 52 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ......................... 52 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. .............. 52 Section 3.05 Properties.................................................. 52 SECTION 5.06. ................................................... 53 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Contents, p. 2

Organization; Powers. 51 40 SECTION 5.02. 3.02 Authorization; Enforceability............................... 51 ................................... 40 SECTION 5.03. 3.03 Governmental Approvals; No Conflicts..................................... 51 ............................ 41 SECTION 5.04. 3.04 Financial Condition; No Material Adverse Change............. 51 ................. 41 SECTION 5.05. 3.05 Properties.................................................. 52 ...................................................... 42 SECTION 5.06. 3.06 Litigation and Environmental Matters........................ 53 ............................ 42 SECTION 5.07. 3.07 Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.............................. 42

Organization; Powers. 51 32 SECTION 5.023.02. Authorization; Enforceability............................... 51 ......................................................... 32 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................................................. 32 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ....................................... 32 SECTION 5.053.05. Properties.................................................. 52 ............................................................................ 33 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.33

Organization; Powers. 51 30 SECTION 5.023.02. Authorization; Enforceability............................... 51 ......................................................30 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...............................................30 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ....................................30 SECTION 5.053.05. Properties.................................................. 52 ; Liens..................................................................31 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...............................................31 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ................................................32 SECTION 5.083.08. No Default.........................................................................32 SECTION 3.09. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15...............................................32

Organization; Powers. 51 70 SECTION 5.023.02. Authorization; Enforceability............................... 51 ......................... 70 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................. 71 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...................................... 71 SECTION 5.053.05. Properties.................................................. 52 ............................................ 71 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ............................................. 72 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ................... 72 SECTION 5.083.08. Investment and Holding Company Status....................... 53 .............................................. 72 SECTION 5.093.09. Taxes....................................................... 53 ................................................. 73 SECTION 5.103.10. ERISA....................................................... 53 ................................................. 73 SECTION 5.113.11. Disclosure.................................................. 54 ............................................ 73 SECTION 5.123.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Subsidiaries.......................................... 73 ARTICLE IV Conditions

Organization; Powers. 51 24 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................ 24 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ......................... 24 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .............. 25 SECTION 5.053.05. Properties.................................................. 52 . ................................................. 25 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ......................... 25 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .......................... 26 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.093.08. Taxes....................................................... 53 ........................................................ 26 SECTION 5.10. ERISA....................................................... 53 SECTION 5.113.09. Disclosure.................................................. 54 ................................................... 26 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.10.

Organization; Powers. 51 27 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability ............................. 27 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ...................... 27 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ........... 27 SECTION 5.053.05. Properties.................................................. 52 Properties ................................................ 27 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ...................... 28 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ....................... 28 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status ..................... 28 SECTION 5.093.09. Taxes....................................................... 53 Taxes ..................................................... 28 SECTION 5.103.10. ERISA....................................................... 53 ERISA ..................................................... 28 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Disclosure ................................................ 28 ARTICLE IV Conditions

Organization; Powers. 51 SECTION 5.02. 50 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. ................................. 50 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. .......................... 50 Section 3.04 Financial Condition; No Material Adverse Change............. ............... 50 Section 3.05 Properties.................................................... 51 SECTION 5.05. Properties.................................................. 52 SECTION 5.06. Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. .......................... 51 Section 3.07 Compliance with Laws and Agreements......................... 53 SECTION 5.08. ........................... 52 Section 3.08 Investment and Holding Company Status....................... 53 SECTION 5.09. ......................... 52 Section 3.09 Taxes....................................................... 53 SECTION 5.10. ......................................................... 52 Section 3.10 ERISA....................................................... 53 SECTION 5.11. ; Margin Regulations..................................... 52 Section 3.11 Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..................................................... 52 Contents, p. 2

Organization; Powers. 51 SECTION 5.02. 53 TABLE OF CONTENTS (CONTINUED) PAGE 3.2 Authorization; Enforceability............................... 51 SECTION 5.03. ...................................... 53 3.3 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ............................... 53 3.4 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Effect.................... 54 3.5 Litigation......................................................... 54 3.6 Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. ................................ 55 3.7 Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... .............................................................. 55 SECTION 5.15.3.8 Titles to Real Property............................................ 55

Organization; Powers. 51 38 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .......................... 38 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ................... 38 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ........ 39 SECTION 5.053.05. Properties.................................................. 52 Properties ............................................. 39 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ................... 40 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements .................... 40 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status .................. 40 SECTION 5.093.09. Taxes....................................................... 53 Taxes .................................................. 40 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.10.

Organization; Powers. 51 44 SECTION 5.023.02. Authorization; Enforceability............................... 51 ...................................44 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ............................44 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .................45 SECTION 5.053.05. Properties.................................................. 52 ......................................................45 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ............................45 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .............................46 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ...........................46 SECTION 5.093.09. Taxes....................................................... 53 ...........................................................46 SECTION 5.103.10. ERISA....................................................... 53 ...........................................................46 SECTION 5.113.11. Disclosure.................................................. 54 ......................................................47 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.12.

Organization; Powers. 51 44 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................. 44 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .......................... 45 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ............... 45 SECTION 5.053.05. Properties.................................................. 52 Properties ................................................... 46 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .......................... 46 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ........................... 46 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ......................... 47 SECTION 5.093.09. TaxesTaxes ........................................................ 47 SECTION 3.10. ERISA ........................................................ 47 SECTION 3.11. Disclosure ................................................... 47 SECTION 3.12. Insurance .................................................... 47 SECTION 3.13. Leases ....................................................... 53 48 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.14.

Organization; Powers. 51 SECTION 5.02. 38 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. ...................................... 38 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ............................... 38 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. .................... 38 Section 3.05 Properties.................................................. 52 SECTION 5.06. ......................................................... 39 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. ............................... 39 Section 3.07 Compliance with Laws and Agreements......................... 53 SECTION 5.08. ................................ 39 Section 3.08 Investment and Holding Company Status....................... 53 SECTION 5.09. .............................. 40 Section 3.09 Taxes....................................................... 53 SECTION 5.10. .............................................................. 40 Section 3.10 ERISA....................................................... 53 SECTION 5.11. .............................................................. 40 Section 3.11 Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents......................................................... 40 Section 3.12 Intellectual Property Matters...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.40 Section 3.13 Liens.............................................................. 41 Section 3.14

Organization; Powers. 51 SECTION 5.02. 34 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. .................................... 34 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ............................. 34 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. .................. 34 Section 3.05 Properties.................................................. 52 SECTION 5.06. ....................................................... 34 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. ............................. 34 Section 3.07 Compliance with Laws and Agreements......................... 53 SECTION 5.08. .............................. 34 Section 3.08 Investment and Holding Company Status....................... 53 SECTION 5.09. ............................ 34 Section 3.09 Taxes............................................................ 34 Section 3.10 ERISA; Margin Regulations........................................ 34 Section 3.11 Disclosure....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.34 Contents, p. 2

Organization; Powers. 51 ............................................... 14 SECTION 5.023.02. Authorization; Enforceability............................... 51 ........................................ 14 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ................................. 14 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...................... 14 SECTION 5.053.05. Properties.................................................. 52 ........................................................... 14 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ................................. 15 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .................................. 15 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ................................ 15 SECTION 5.093.09. Taxes....................................................... 53 ................................................................ 15 SECTION 5.103.10. ERISA....................................................... 53 ................................................................ 15 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................................................ 15

Organization; Powers. 51 .......................................37 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .................................37 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ..........................37 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change ...............38 SECTION 5.053.05. Properties.................................................. 52 Properties ....................................................38 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ..........................38 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ...........................39 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status .........................39 SECTION 5.093.09. Taxes....................................................... 53 Taxes .........................................................39 SECTION 5.103.10. ERISA....................................................... 53 ERISA .........................................................39 SECTION 5.113.11. Disclosure.................................................. 54 Disclosure ....................................................39 SECTION 5.123.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Investments and Guarantees ....................................39

Organization; Powers. 51 SECTION 5.02. 76 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. ........................76 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. .................76 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. ......76 Section 3.05 Properties.................................................. 52 SECTION 5.06. ...........................................77 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. .................77 Section 3.07 Compliance with Laws and Agreements......................... 53 SECTION 5.08. ..................77 Section 3.08 Investment and Holding Company Status....................... 53 SECTION 5.09. ................77 Section 3.09 Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.................................................77 Section 3.10

Organization; Powers. 51 31 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................31 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................32 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..............32 SECTION 5.053.05. Properties.................................................. 52 .....................................................32 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...........................32 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ............................33 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ..........................33 SECTION 5.093.09. Taxes....................................................... 53 ..........................................................33 SECTION 5.103.10. ERISA....................................................... 53 ..........................................................33 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15......................................................33

Organization; Powers. 51 44 SECTION 5.023.02. Authorization; Enforceability............................... 51 .................................44 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ..........................44 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...............45 SECTION 5.053.05. Properties.................................................. 52 ....................................................45 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ..........................45 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.07.

Organization; Powers. 51 50 SECTION 5.023.02. Authorization; Enforceability............................... ..............................51 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... .......................51 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. ............51 SECTION 5.053.05. Properties.................................................. .................................................52 SECTION 5.063.06. Litigation and Environmental Matters........................ .......................53 SECTION 5.073.07. Compliance with Laws and Agreements......................... ........................53 SECTION 5.083.08. Investment and Holding Company Status....................... ......................53 SECTION 5.093.09. Taxes....................................................... ......................................................53 SECTION 5.103.10. ERISA....................................................... 53 ......................................................54 SECTION 5.113.11. Disclosure.................................................. .................................................54 SECTION 5.123.12. Federal Regulations......................................... Subsidiaries...............................................54 SECTION 5.133.13. The Security Documents...................................... Use of Proceeds............................................54 SECTION 5.143.14. Pledged Stock............................................... 55 SECTION 5.15.Solvency...................................................54

Organization; Powers. 51 57 SECTION 5.023.02. Authorization; Enforceability............................... 51 .................... 57 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ............. 58 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .. 58 SECTION 5.053.05. Properties.................................................. 52 ....................................... 59 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ............. 60 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .............. 60 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ............ 61 SECTION 5.093.09. Taxes....................................................... 53 ............................................ 61 SECTION 5.103.10. ERISA....................................................... 53 ............................................ 61 SECTION 5.113.11. Disclosure.................................................. 54 ....................................... 61 SECTION 5.123.12. Federal RegulationsSubsidiaries..................................... 62 SECTION 3.13. Solvency......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.62

Organization; Powers. 51 45 SECTION 5.023.02. Authorization; Enforceability............................... 51 ........................................................... 45 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................................................... 45 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ......................................... 46 SECTION 5.053.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................................................................... 46

Organization; Powers. 51 ...................................... 29 SECTION 5.023.02. Authorization; Enforceability............................... 51 30 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ........................ 30 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Position.......................................... 30 SECTION 5.053.05. Properties.................................................. 52 30 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 30 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 31 SECTION 5.083.08. Investment and Holding Company Status....................... 53 31 SECTION 5.093.09. Taxes....................................................... 53 31 SECTION 5.103.10. ERISA....................................................... 53 31 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.31

Organization; Powers. 51 SECTION 5.0249 Section 3.02. Authorization; Enforceability............................... 51 SECTION 5.03................................. 49 Section 3.03. Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04.......................... 49 Section 3.04. Financial Condition; No Material Adverse Change............. 51 SECTION 5.05............... 50 Section 3.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..................................................... 50

Organization; Powers. 51 56 SECTION 5.023.02. Authorization; ..............................................56 SECTION 3.03. Enforceability............................... 51 .............................................56 SECTION 5.033.04. Governmental Approvals; No Conflicts..................................... 51 .....................................57 SECTION 5.043.05. Financial Condition; Statements.......................................57 SECTION 3.06. No Material Adverse Change............. 51 .................................57 SECTION 5.053.07. Title to Properties.................................................. 52 ; Possession Under Leases...............58 SECTION 5.063.08. Litigation and Environmental Matters........................ 53 Subsidiaries...............................................58 SECTION 5.073.09. Litigation; Compliance with Laws and Laws...........................58 SECTION 3.10. Agreements......................... 53 .................................................58 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.11.

Organization; Powers. 51 ......................................27 SECTION 5.023.02. Authorization; Enforceability............................... 51 ...............................27 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ........................27 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Position..........................................27 SECTION 5.053.05. Properties.................................................. 52 ..................................................27 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ........................28 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .........................28 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ...................................28 SECTION 5.093.09. Taxes....................................................... 53 .......................................................28 SECTION 5.103.10. ERISA....................................................... 53 .......................................................29 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15...................................................29

Organization; Powers. 51 SECTION 5.02. 46 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. ............................46 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. .....................46 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. ...........................................47 Section 3.05 Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15................................................47 Section 3.06

Organization; Powers. 51 61 SECTION 5.024.02. Authorization; Enforceability............................... 51 .........................61 SECTION 5.034.03. Governmental Approvals; No Conflicts..................................... 51 ..................61 SECTION 5.044.04. Financial Condition; No Material Adverse Change............. 51 .......61 SECTION 5.054.05. Properties.................................................. 52 ............................................62 SECTION 5.064.06. Litigation and Environmental Matters........................ 53 Litigation............................................62 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.154.07.

Organization; Powers. 51 86 SECTION 5.023.02. Authorization; Enforceability............................... 51 ......................86 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...............87 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ....87 SECTION 5.053.05. Properties.................................................. 52 .........................................88 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...............88 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ................89 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ..............89 SECTION 5.093.09. Taxes....................................................... 53 Taxes 89 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.10.

Organization; Powers. 51 42 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................42 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................42 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................43 SECTION 5.053.05. Properties.................................................. 52 .....................................................43 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.06.

Organization; Powers. 51 48 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability ....................................... 48 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ................................ 49 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Change .............................................................. 49 SECTION 5.053.05. Properties.................................................. 52 Properties .......................................................... 50 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Matters ................................ 50 Contents, p. 2

Organization; Powers. 51 44 SECTION 5.024.02. Authorization; .......................................44 SECTION 4.03. Enforceability............................... 51 ......................................44 SECTION 5.034.04. Governmental Approvals; No Conflicts..................................... 51 ..............................45 SECTION 5.044.05. Financial Condition; Statements................................45 SECTION 4.06. No Material Adverse Change............. 51 ..........................45 SECTION 5.054.07. Title to Properties.................................................. 52 ; Possession Under Leases........45 SECTION 5.064.08. Litigation and Environmental Matters........................ 53 The Subsidiaries. ..................................46 SECTION 5.074.09. Litigation; Compliance with Laws and Laws....................46 SECTION 4.10. Agreements......................... 53 ..........................................46 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.124.11. Federal Reserve Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..........................47

Organization; Powers. 51 33 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................33 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .........................33 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..............33 SECTION 5.053.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15....................................................34 Contents, p.2

Organization; Powers. 51 57 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................................. 57 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .......................................... 57 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 Statements.......................................................... 58 SECTION 5.053.05. Properties.................................................. 52 .................................................................... 58 SECTION 5.063.06. Litigation Equity Interests and Environmental Matters........................ 53 Subsidiaries............................................. 59 SECTION 5.073.07. Litigation; Compliance with Laws and Laws.............................................. 59 SECTION 3.08. Agreements......................... 53 .................................................................... 59 SECTION 5.083.09. Federal Reserve Regulations................................................... 60 SECTION 3.10. Investment and Company Act; Public Utility Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Act.................... 60

Organization; Powers. 51 40 SECTION 5.023.02. Authorization; Enforceability............................... 51 Enforceability .............................. 40 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 Conflicts ....................... 40 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ......... ... 41 SECTION 5.053.05. Properties.................................................. 52 Properties ................................................. 41 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 Matters ....................... 41 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 Agreements ........................ 42 SECTION 5.083.08. Investment and Holding Company Status....................... 53 Status ...................... 42 SECTION 5.093.09. Taxes....................................................... 53 Taxes ...................................................... 42 SECTION 5.103.10. ERISA....................................................... 53 ERISA ...................................................... 42 SECTION 5.113.11. Disclosure.................................................. 54 Disclosure ................................................. 42 SECTION 5.123.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged StockSubsidiaries ............................................... 55 SECTION 5.15.42 ARTICLE IV Conditions

Organization; Powers. 51 41 SECTION 5.023.02. Authorization; Enforceability............................... 51 ......................................... 42 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .................................. 42 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ...................... 42 SECTION 5.053.05. Properties.................................................. 52 ............................................................ 43 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.06.

Organization; Powers. 51 SECTION 5.02. 27 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. ....................................................27 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. .............................................27 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. ..................................27 Section 3.05 Properties.................................................. 52 SECTION 5.06. .......................................................................28 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..............................................28

Organization; Powers. 51 7076 SECTION 5.02. 3.02 Authorization; Enforceability............................... 51 Enforceability ..................................................................................7076 SECTION 5.03. 3.03 Governmental Approvals; No Conflicts..................................... 51 Conflicts ..................................................................7076 SECTION 5.04. 3.04 Financial Condition; No Material Adverse Change............. 51 . ...............................................7177 SECTION 5.053.05 Properties. Properties.................................................. 52 ................................................................................................................7177 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.3.06

Organization; Powers. 51 33 SECTION 5.02. 3.02 Authorization; Enforceability............................... 51 Enforceability .................................................................... 33 SECTION 5.03. 3.03 Governmental Approvals; No Conflicts..................................... 51 Conflicts .................................................... 33 SECTION 5.04. 3.04 Financial Condition; No Material Adverse Change............. 51 Change ................................... 34 SECTION 5.05. Properties.................................................. 52 3.05 Properties ................................................................................................. 34 SECTION 5.06. 3.06 Litigation and Environmental Matters........................ 53 Matters ....................................................... 34 SECTION 5.07. 3.07 Compliance with With Laws and Agreements......................... 53 Agreements .................................................. 35 SECTION 5.08. 3.08 Investment and Holding Company Status....................... 53 Status .................................................. 35 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.3.09 Taxes ........................................................................................................ 35

Organization; Powers. 51 32 SECTION 5.023.02. Authorization; Enforceability............................... 51 ...................... 33 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ............... 33 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .... 33 SECTION 5.053.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.34 (i) 3

Organization; Powers. 51 SECTION 5.0245 Section 3.02. Authorization; Enforceability............................... 51 SECTION 5.03..............................45 Section 3.03. Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04.......................45 Section 3.04. Financial Condition; No Material Adverse Change............. 51 SECTION 5.05............46 Section 3.05. Properties.................................................. 52 SECTION 5.06.................................................46 Section 3.06. Litigation and Environmental Matters........................ 53 SECTION 5.07.......................47 Section 3.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08........................47 Section 3.08. Investment and Holding Company Status....................... 53 SECTION 5.09......................47 Section 3.09. Taxes....................................................... 53 SECTION 5.10......................................................47 Section 3.10. ERISA....................................................... 53 SECTION 5.11......................................................47 Section 3.11. Disclosure.................................................. 54 SECTION 5.12.................................................48 Section 3.12. Federal Reserve Regulations......................................... 54 SECTION 5.13................................48 Section 3.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.Solvency...................................................48

Organization; Powers. 51 57 SECTION 5.023.02. Authorization; Enforceability............................... 51 ............ 57 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ..... 58 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................................. 58 SECTION 5.053.05. Properties.................................................. 52 ............................... 59 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.06.

Organization; Powers. 51 SECTION 5.02. 54 Section 3.2 Authorization; Enforceability............................... 51 SECTION 5.03. ..........................55 Section 3.3 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ...................55 Section 3.4 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. ....................................55 Section 3.5 Properties.................................................. 52 SECTION 5.06. .............................................56 Section 3.6 Litigation and Environmental Matters........................ 53 SECTION 5.07. ...................56 Section 3.7 Compliance with Laws and Agreements......................... 53 SECTION 5.08. ....................56 Section 3.8 Investment and Holding Company Status....................... 53 SECTION 5.09. ..................57 Section 3.9 Taxes....................................................... 53 SECTION 5.10. ..................................................57 Section 3.10 ERISA....................................................... 53 SECTION 5.11. ..................................................57 Section 3.11 Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..............................................57 Section 3.12 Subsidiaries...........................................58 Section 3.13 Insurance..............................................58 Section 3.14

Organization; Powers. 51 49 SECTION 5.023.02. Authorization; Enforceability............................... 51 .......................................................................49 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ................................................................49 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .....................................................49 SECTION 5.053.05. Properties.................................................. 52 ..........................................................................................50 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ................................................................51 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15..................................................................54

Organization; Powers. 51 23 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................ 23 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ......................... 23 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 .............. 23 SECTION 5.053.05. Properties.................................................. 52 ................................................... 24 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ......................... 24 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 .......................... 24 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ........................ 24 SECTION 5.093.09. Taxes....................................................... 53 ........................................................ 24 SECTION 5.103.10. ERISA....................................................... 53 ........................................................ 25 SECTION 5.113.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.................................................... 25 ARTICLE IV Conditions

Organization; Powers. 51 52 SECTION 5.023.02. Authorization; Enforceability............................... 51 .............................. 52 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ....................... 52 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ............ 52 SECTION 5.053.05. Properties.................................................. 52 ................................................. 53 SECTION 5.063.06. Litigation and Environmental Matters........................ ....................... 53 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ........................ 54 SECTION 5.083.08. Investment and Holding Company Status....................... 53 .................................. 54 SECTION 5.093.09. Taxes....................................................... 53 ...................................................... 54 SECTION 5.103.10. ERISA....................................................... 53 ...................................................... 54 SECTION 5.113.11. Disclosure.................................................. ................................................. 54 SECTION 5.123.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged StockSubsidiaries............................................... 55 SECTION 5.15.3.13. Labor Matters.............................................. 55 ARTICLE IV Conditions

Organization; Powers. 51 SECTION 5.0244 Section 3.02. Authorization; Enforceability............................... 51 SECTION 5.03...................................44 Section 3.03. Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04............................45 Section 3.04. Financial ConditionStatements; No Material Adverse Change............. 51 SECTION 5.05................45 Section 3.05. Properties.................................................. 52 SECTION 5.06......................................................45 Section 3.06. Litigation and Environmental Matters........................ 53 SECTION 5.07............................46 Section 3.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08.............................47 Section 3.08. Investment and Holding Company Status....................... 53 SECTION 5.09...........................47 Section 3.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15............................................................47

Organization; Powers. 51 40 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................40 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .........................40 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..............41 SECTION 5.053.05. Properties.................................................. 52 ...................................................41 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .........................42 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ..........................42 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ........................42 SECTION 5.093.09. Taxes....................................................... 53 ........................................................42 SECTION 5.103.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.........................................................43

Organization; Powers. 51 33 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................... 33 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .............................. 34 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................... 34 SECTION 5.053.05. Properties.................................................. 52 SECTION 5.06. Litigation and Environmental Matters........................ 53 SECTION 5.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15......................................................... 34

Organization; Powers. 51 SECTION 5.02. 27 Section 3.02 Authorization; Enforceability............................... 51 SECTION 5.03. .......................................27 Section 3.03 Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04. ................................27 Section 3.04 Financial Condition; No Material Adverse Change............. 51 SECTION 5.05. .....................27 Section 3.05 Properties.................................................. 52 SECTION 5.06. ..........................................................28 Section 3.06 Litigation and Environmental Matters........................ 53 SECTION 5.07. ................................28 Section 3.07 Compliance with Laws and Agreements......................... 53 SECTION 5.08. .................................28 Section 3.08 Investment and Holding Company Status....................... 53 SECTION 5.09. ...............................28 Section 3.09 Taxes....................................................... 53 SECTION 5.10. ...............................................................29 Section 3.10 ERISA....................................................... 53 SECTION 5.11. ...............................................................29 Section 3.11 Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15...........................................................29 ARTICLE IV CONDITIONS................................................................29

Organization; Powers. 51 24 SECTION 5.023.02. Authorization; Enforceability............................... 51 ................................24 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 .........................25 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ..............25 SECTION 5.053.05. Properties.................................................. 52 ; Insurance........................................26 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 .........................26 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ..........................27 SECTION 5.083.08. Investment and Holding Company Status....................... 53 ........................27 SECTION 5.093.09. Taxes....................................................... 53 ........................................................27 SECTION 5.103.10. ERISA....................................................... 53 ........................................................27 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.153.11.

Organization; Powers. 51 34 SECTION 5.023.02. Authorization; Enforceability............................... 51 ..................................35 SECTION 5.033.03. Governmental Approvals; No Conflicts..................................... 51 ...........................35 SECTION 5.043.04. Financial Condition; No Material Adverse Change............. 51 ................35 SECTION 5.053.05. Properties.................................................. 52 .....................................................36 SECTION 5.063.06. Litigation and Environmental Matters........................ 53 ...........................36 SECTION 5.073.07. Compliance with Laws and Agreements......................... 53 ............................36 SECTION 5.083.08. Federal Reserve Regulations....................................36 SECTION 3.09. Investment and Holding Company Status....................... 53 ..........................37 SECTION 5.093.10. Taxes....................................................... 53 ..........................................................37 SECTION 5.103.11. ERISA....................................................... 53 ..........................................................37 SECTION 5.113.12. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15......................................................37 ARTICLE IV Conditions

Organization; Powers. 51 SECTION 5.0236 Section 3.02. Authorization; Enforceability............................... 51 SECTION 5.03................................37 Section 3.03. Governmental Approvals; No Conflicts..................................... 51 SECTION 5.04.........................37 Section 3.04. Financial Condition; No Material Adverse Change............. 51 SECTION 5.05..............37 Section 3.05. Properties.................................................. 52 SECTION 5.06...................................................37 Section 3.06. Litigation and Environmental Matters........................ 53 SECTION 5.07.........................38 Section 3.07. Compliance with Laws and Agreements......................... 53 SECTION 5.08..........................39 Section 3.08. Investment and Holding Company Status....................... 53 SECTION 5.09........................39 Section 3.09. Taxes....................................................... 53 SECTION 5.10........................................................39 Section 3.10. ERISA....................................................... 53 SECTION 5.11........................................................39 Section 3.11. Disclosure.................................................. 54 SECTION 5.12...................................................40 Section 3.12. Federal Regulations......................................... 54 SECTION 5.13Subsidiaries.................................................40 Section 3.13. The Security Documents...................................... 54 SECTION 5.14Insurance....................................................40 Section 3.14. Pledged Stock............................................... 55 SECTION 5.15.Labor Matters................................................40 ARTICLE IV CONDITIONS

Organization; Powers. 51 40 SECTION 5.023.02. Authorization; ................................................ 40 SECTION 3.03. Enforceability............................... 51 ............................................... 40 SECTION 5.033.04. Governmental Approvals; No Conflicts..................................... 51 ....................................... 40 SECTION 5.043.05. Financial Condition; Statements......................................... 40 SECTION 3.06. No Material Adverse Change............. 51 ................................... 41 SECTION 5.053.07. Title to Properties.................................................. 52 ; Possession Under Leases................. 41 SECTION 5.063.08. Litigation and Environmental Matters........................ 53 Subsidiaries................................................. 41 SECTION 5.073.09. Litigation; Compliance with Laws and Laws............................. 41 SECTION 3.10. Agreements......................... 53 SECTION 5.08. Investment and Holding Company Status....................... 53 SECTION 5.09. Taxes....................................................... 53 SECTION 5.10. ERISA....................................................... 53 SECTION 5.11. Disclosure.................................................. 54 SECTION 5.12. Federal Regulations......................................... 54 SECTION 5.13. The Security Documents...................................... 54 SECTION 5.14. Pledged Stock............................................... 55 SECTION 5.15.................................................... 42 Contents, p. 2