Common use of Payment of Obligations Clause in Contracts

Payment of Obligations. 77 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80

Payment of Obligations. 77 7.4 55 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .. 55 5.5 Maintenance of Property; Insurance..........................77 7.6 ....................... 55 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ... 55 5.7 Notices.....................................................78 7.8 .................................................. 56 5.8 Environmental Laws..........................................80....................................... 57 5.9 Additional Collateral, etc............................... 57 5.10 Sales of Products by Agents.............................. 59

Payment of Obligations. 77 7.4 46 5.4 Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 ; Compliance with Laws.......................................................... 46 5.5 Maintenance of Property; Insurance..........................77 7.6 .............................. 46 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .......... 47 5.7 Notices.....................................................78 7.8 Environmental Laws..........................................80......................................................... 47 5.8

Payment of Obligations. 77 7.4 46 5.4 Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 ; Compliance with Laws............................................................... 46 5.5 Maintenance of Property; Insurance..........................77 7.6 .................................. 46 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .............. 47 5.7 Notices.....................................................78 7.8 Environmental Laws..........................................80............................................................. 47 5.8

Payment of Obligations. 77 7.4 68 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................. 68 6.5 Maintenance of Property; Insurance..........................77 7.6 ................................................ 68 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............................ 68 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................... 70 6.8

Payment of Obligations. 77 7.4 56 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ........ 56 6.5 Maintenance of Property; Insurance..........................77 7.6 ............................. 56 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ......... 57 6.7 Notices.....................................................78 7.8 ........................................................ 57 6.8 Environmental Laws..........................................80............................................. 58 6.9

Payment of Obligations. 77 7.4 34 5.4. Conduct of Business and Maintenance of Existence, etcExistence .............. 35 5.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 Insurance ............................ 35 5.6. Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Discussions ........ 36 5.7. Notices ....................................................... 36 5.8. Environmental Laws..........................................80Laws ............................................ 37 5.9.

Payment of Obligations. 77 7.4 34 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................................... 34 5.5 Maintenance of Property; Insurance..........................77 7.6 ............................................................. 34 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ......................................... 35 5.7 Notices.....................................................78 7.8 ........................................................................................ 35 5.8 Environmental Laws..........................................80............................................................................. 36 5.9

Payment of Obligations. 77 7.4 37 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ...............37 5.5 Maintenance of Property; Insurance..........................77 7.6 .............................37 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .........37 5.7 Notices.....................................................78 7.8 ........................................................38 5.8 Environmental Laws..........................................80.............................................38 SECTION 6. NEGATIVE COVENANTS..............................................39

Payment of Obligations. 77 7.4 Conduct of Business and 39 5.4 Maintenance of Existence, etc. .....77 7.5 ......................... 39 5.5 Maintenance of Property; Insurance..........................77 7.6 ............... 39 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .................................... 39 5.7 Notices.....................................................78 7.8 .......................................... 39 5.8 Environmental Laws..........................................80............................... 40 5.9

Payment of Obligations. 77 7.4 37 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......................... 37 5.5 Maintenance of Property; Insurance..........................77 7.6 ....................................... 37 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 ................... 38 5.7 Environmental Laws..........................................80....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9

Payment of Obligations. 77 7.4 70 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................................. 71 6.5 Maintenance of Property; Insurance..........................77 7.6 ........................................................... 71 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ....................................... 71 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80...................................................................................... 72 6.8

Payment of Obligations. 77 7.4 52 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ....................................52 8.5 Inspection of Property; Books and Records; , Discussions......78 7.7 ..............................53 8.6 Notices.....................................................78 7.8 Environmental Laws..........................................80.............................................................................53 8.7

Payment of Obligations. 77 7.4 32 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................... 32 5.5 Maintenance of Property; Insurance..........................77 7.6 ................................. 32 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............. 32 5.7 Notices.....................................................78 7.8 ............................................................ 32 5.8 Environmental Laws..........................................80................................................. 33 5.9 Further Assurances................................................. 34 5.10

Payment of Obligations. 77 22 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ............................................... 22 7.5 Maintenance of Property; Insurance..........................77 ............................................................. 23 7.6 Inspection Inspection-of Property; Books and Records; Discussions......78 ......................................... 23 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................................ 23 7.8

Payment of Obligations. 77 7.4 60 Section 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................................. 60 Section 5.5 Maintenance of Property; Insurance..........................77 7.6 ............................................... 61 Section 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........................... 61 Section 5.7 Notices.....................................................78 7.8 .......................................................................... 62 Section 5.8 Environmental Laws..........................................80............................................................... 62 Section 5.9

Payment of Obligations. 77 7.4 60 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................................... 61 6.5 Maintenance of Property; Insurance..........................77 7.6 .................................................................. 61 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .............................................. 61 6.7 Notices.....................................................78 7.8 ............................................................................................. 61 6.8 Environmental Laws..........................................80.................................................................................. 62 6.9

Payment of Obligations. 77 7.4 58 6.4. Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 Maintenance of Existence and Property; Compliance with Law...................................58 6.5. Insurance..........................77 7.6 ........................................................59 6.6. Inspection of Property; Books and Records; Discussions......78 7.7 ...........59 6.7. Notices.....................................................78 7.8 ..........................................................59 6.8. Environmental Laws..........................................80...............................................60 6.9.

Payment of Obligations. 77 41 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ................................................ 41 7.5 Maintenance of Property; Insurance..........................77 .............................................................. 41 7.6 Inspection of Property; Books and Records; Discussions......78 .......................................... 41 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80......................................................................................... 41 7.8

Payment of Obligations. 77 7.4 58 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .................................................58 6.5 Maintenance of Property; Insurance..........................77 7.6 ....................................................................58 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ................................................60 6.7 Notices.....................................................78 7.8 ...............................................................................................61 6.8 Environmental Laws..........................................80....................................................................................61 6.9

Payment of Obligations. 77 7.4 30 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................30 5.5 Maintenance of Property; Insurance..........................77 7.6 ..............................30 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ..........31 5.7 Notices.....................................................78 7.8 .........................................................31 5.8 Environmental Laws..........................................80..............................................32 5.9 Taxes...........................................................32 5.10

Payment of Obligations. 77 7.4 42 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ..............................42 6.5 Maintenance of Property; Insurance..........................77 7.6 .................................................43 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .............................43 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80............................................................................43 6.8

Payment of Obligations. 77 7.4 33 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .......... 33 5.5 Maintenance of Property; Insurance..........................77 7.6 Insurance .............................. 33 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80Discussions .......... 33 5.7 Notices ......................................................... 33 5.8 Additional Collateral, etc. ..................................... 34 5.9

Payment of Obligations. 77 7.4 61 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................................ 61 6.5 Maintenance of Property; Insurance..........................77 7.6 ................................................... 61 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............................... 61 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.............................................................................. 62 6.8

Payment of Obligations. 77 56 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ........................................ 56 7.5 Maintenance of Property; Insurance..........................77 ...................................................... 56 7.6 Inspection of Property; Books and Records; Discussions......78 .................................. 57 7.7 Notices.....................................................78 ................................................................................. 57 7.8 Environmental Laws..........................................80...................................................................... 58 7.9

Payment of Obligations. 77 7.4 36 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .... 36 5.5 Maintenance of Property; Insurance..........................77 7.6 ....................... 37 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ... 37 5.7 Notices.....................................................78 7.8 .................................................. 37 5.8 Environmental Laws..........................................80....................................... 38 5.9 Termination of Existing Credit Agreement................. 38 SECTION 6.

Payment of Obligations. 77 7.4 63 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 etc .............................. 63 6.5 Maintenance of Property; Insurance..........................77 7.6 Insurance ................................................. 63 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80Discussions ............................. 64 6.7 Notices ............................................................................ 64 6.8

Payment of Obligations. 77 7.4 47 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......... 47 6.5 Maintenance of Property; Insurance..........................77 7.6 .............................. 48 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 .......... 48 6.7 Notices 48 6.8 Environmental Laws..........................................80.............................................. 49 6.9

Payment of Obligations. 77 7.4 59 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .................59 8.5 Maintenance of Property; Insurance..........................77 7.6 ...............................59 8.6 Inspection of Property; Books and Records; Discussions......78 7.7 ...........59 8.7 Notices.....................................................78 7.8 Environmental Laws..........................................80..........................................................59 Section 9. NEGATIVE COVENANTS.................................................60

Payment of Obligations. 77 41 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ................................................. 41 7.5 Maintenance of Property; Insurance..........................77 ............................................................... 41 7.6 Inspection of Property; Books and Records; Discussions......78 ........................................... 41 7.7 Notices.....................................................78 .......................................................................................... 41 7.8 Environmental Laws..........................................80............................................................................... 42 7.9 Subsequent Guarantees............................................................................ 43

Payment of Obligations. 77 7.4 56 6.4. Conduct of Business and Maintenance of Existence, etc................................................. 56 6.5. .....77 7.5 Maintenance of Property; Property and Insurance..........................77 7.6 ............................................................ 56 6.6. Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.......................................... 57 6.7. Notices ......................................................................................... 57 6.8. Separate Corporate Entity for and Borrowing by Unrestricted Subsidiaries........................ 58

Payment of Obligations. 77 7.4 50 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................51 6.5 Maintenance of Property; Insurance..........................77 7.6 ..............................51 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ..........51 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.........................................................51 6.8

Payment of Obligations. 77 7.4 53 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................................. 53 8.5 Maintenance of Property; Insurance..........................77 7.6 ..................... 54 8.6 Inspection of Property; Books and Records; , Discussions......78 7.7 ........................................... 54 8.7 Notices.....................................................78 7.8 Environmental ................................................ 55 8.8 Hazardous Material Laws..........................................80................................ 56 8.9 Maintain Minimum Tangible Net Worth.................... 56 8.10

Payment of Obligations. 77 7.4 46 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................................... 46 6.5 Maintenance of Property; Insurance..........................77 7.6 ...................................................... 47 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .................................. 47 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80................................................................................. 47 6.8

Payment of Obligations. 77 7.4 41 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................. 41 6.5 Maintenance of Property; Insurance..........................77 7.6 ............................... 41 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........... 41 6.7 Notices.....................................................78 7.8 .......................................................... 42 6.8 Environmental Laws..........................................80............................................... 42 6.9

Payment of Obligations. 77 7.4 43 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .................................................... 44 6.5 Maintenance of Property; Insurance..........................77 7.6 .................................................................. 44 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .............................................. 44 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80............................................................................................. 45 6.8 Maintenance of Corporate Identity................................................................... 46 6.9

Payment of Obligations. 77 7.4 79 12.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ........................ 80 12.5 Maintenance of Property; Insurance..........................77 7.6 ...................................... 80 12.6 Inspection of Property; Books and Records; Discussions......78 7.7 .................. 80 12.7 Notices.....................................................78 7.8 Environmental Laws..........................................80................................................................. 80 12.8

Payment of Obligations. 77 191192 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ..................................191192 7.5 Maintenance of Property; Insurance..........................77 . ...........................................................191192 7.6 Inspection of Property; Books and Records; Discussions......78 . ..........................191193 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80. ........................................................................................................192193 7.8

Payment of Obligations. 77 7.4 55 9.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ..................................................56 9.5 Maintenance of Property; Insurance..........................77 7.6 ................................................................56 9.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80; Audits....................................56 9.7

Payment of Obligations. 77 7.4 46 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ..............................46 6.5 Maintenance of Property; Insurance..........................77 7.6 ............................................46 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........................47 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.......................................................................47 6.8

Payment of Obligations. 77 7.4 65 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................................ 65 6.5 Maintenance of Property; Insurance..........................77 7.6 ................................................... 65 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............................... 65 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.............................................................................. 66 6.8

Payment of Obligations. 77 7.4 33 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .............33 5.5 Maintenance of Property; ......................................33 5.6 Insurance..........................77 7.6 ....................................................33 5.7 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.......33 5.8

Payment of Obligations. 77 55 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ; Compliance with Laws.....................................................55 7.5 Maintenance of Property; Insurance..........................77 ................................56 7.6 Inspection of Property; Books and Records; , Discussions......78 ............56 7.7 Notices.....................................................78 ...........................................................56 7.8 Environmental Hazardous Material Laws..........................................80...........................................57 7.9

Payment of Obligations. 77 7.4 48 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 Existence ........................................... 48 5.5 Maintenance of Property; Insurance..........................77 7.6 Insurance ......................................................... 48 5.6 Damage, Destruction, Condemnation .......................................................... 51 5.7 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80Discussions ..................................... 53 5.8 Notices .................................................................................... 53 5.9

Payment of Obligations. 77 49 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ........................................... 49 7.5 Maintenance of Property; Insurance..........................77 ................................................................ 49 7.6 Inspection of Property; Books and Records; Discussions......78 ; Collateral Audit.......................... 50 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................................... 50 7.8

Payment of Obligations. 77 7.4 56 7.4. Conduct of Business and Maintenance of Existence, etc........................... 56 7.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ......................................... 56 7.6. Inspection of Property; Books and Records; Discussions......78 7.7 ..................... 56 7.7. Notices.....................................................78 7.8 .................................................................... 57 7.8. Environmental Laws..........................................80......................................................... 57 7.9. Collateral Audit........................................................... 58 7.10.

Payment of Obligations. 77 7.4 28 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ........................................................... 28 5.5 Maintenance of Property; Insurance..........................77 7.6 ......................................................................... 29 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ..................................................... 29 5.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.................................................................................................... 29 5.8

Payment of Obligations. 77 7.4 40 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................................... 40 5.5 Maintenance of Property; Insurance..........................77 7.6 ............................................................. 40 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ......................................... 40 5.7 Notices.....................................................78 7.8 ........................................................................................ 40 5.8 Environmental Laws..........................................80............................................................................. 41

Payment of Obligations. 77 7.4 39 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......................................... 40 5.5 Maintenance of Property; Insurance..........................77 7.6 ............................................................ 40 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........................................ 40 5.7 Notices.....................................................78 7.8 ....................................................................................... 40 5.8 Environmental Laws..........................................80............................................................................ 41

Payment of Obligations. 77 40 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 Existence .........................................40 7.5 Maintenance of Property; Insurance..........................77 Insurance .......................................................40 7.6 Inspection of Property; Books and Records; Discussions......78 , Discussions ...................................40 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80Notices ................................................................................41 -ii- 4 TABLE OF CONTENTS (Continued)

Payment of Obligations. 77 7.4 36 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................36 6.5 Maintenance of Property; Insurance..........................77 7.6 ..............................36 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ..........36 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.........................................................37

Payment of Obligations. 77 7.4 72 Section 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .........................................72 Section 5.5 Maintenance of Property; Insurance..........................77 7.6 .......................................................72 Section 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ...................................73 Section 5.7 Notices.....................................................78 7.8 ..................................................................................73 Section 5.8 Environmental Laws..........................................80.......................................................................75 Section 5.9

Payment of Obligations. 77 7.4 15 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ...................................15 6.5 Maintenance of Property; Insurance..........................77 7.6 .................................................15 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .............................16 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80. Promptly give notice to the Lender of:...................................16 6.8

Payment of Obligations. 77 7.4 51 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ..........................................51 5.5 Maintenance of Property; Insurance..........................77 7.6 .............................................................51 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .........................................51 5.7 Notices.....................................................78 7.8 ........................................................................................51 5.8 Environmental Laws..........................................80.............................................................................52 5.9

Payment of Obligations. 77 7.4 27 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .................................................. 27 5.5 Maintenance of Property; Insurance..........................77 7.6 ................................................................ 27 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............................................ 28 5.7 Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................................... 28 5.8

Payment of Obligations. 77 7.4 37 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ...............38 5.5 Maintenance of Property; Insurance..........................77 7.6 .............................38 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .........38 5.7 Notices.....................................................78 7.8 ........................................................38 5.8 Environmental Laws..........................................80.............................................39

Payment of Obligations. 77 7.4 16 5.4. Conduct of Business and Maintenance of Existence, etc...............................16 5.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 .............................................16 5.6. Inspection of Property; Files, Books and Records; Discussions......78 7.7 ..................16 5.7. Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................16 5.8.

Payment of Obligations. 77 7.4 50 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .............................. 50 6.5 Maintenance of Property; Insurance..........................77 7.6 ............................................ 51 6.6 Inspection of Property; , Books and Records; Discussions......78 7.7 ..................................... 51 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80....................................................................... 51 6.8

Payment of Obligations. 77 7.4 69 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .............. 69 5.5 Maintenance of Property; ....................................... 70 5.6 Insurance..........................77 7.6 ..................................................... 70 5.7 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 ................................................... 70 5.8 Environmental Laws..........................................80............................................ 71 5.9

Payment of Obligations. 77 53 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ....................................................53 7.5 Maintenance of Property; Insurance..........................77 ..................................................................53 7.6 Inspection of Property; Books and Records; Discussions......78 ..............................................54 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.............................................................................................54 7.8

Payment of Obligations. 77 7.4 97 10.4. Conduct of Business and Maintenance of Existence, etc................97 10.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ..............................97 10.6. Inspection of Property; Books and Records; Discussions......78 7.7 ..........97 10.7. Notices.....................................................78 7.8 Environmental Laws..........................................80.........................................................98 10.8. Maintenance of Corporate Identity...............................99 10.9.

Payment of Obligations. 77 7.4 72 9.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .................... 72 9.5 Maintenance of Property; Insurance..........................77 7.6 .................................. 73 9.6 Inspection of Property; Books and Records; Discussions......78 7.7 .............. 73 9.7 Notices.....................................................78 7.8 ............................................................. 73 9.8 Environmental Laws..........................................80.................................................. 74

Payment of Obligations. 77 7.4 37 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .......................... 37 5.5 Maintenance of Property; Insurance..........................77 7.6 ........................................ 37 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .................... 37 5.7 Notices.....................................................78 7.8 Environmental ................................................................... 38 5.8 Environment Laws..........................................80.......................................................... 38

Payment of Obligations. 77 40 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 .................... 40 7.5 Maintenance of Property; Insurance..........................77 .................................. 40 7.6 Inspection of Property; Books and Records; Discussions......78 .............. 40 7.7 Notices.....................................................78 ............................................................. 40 7.8 Environmental Laws..........................................80Stock Pledges....................................................... 41 7.9 Guarantees.......................................................... 42

Payment of Obligations. 77 7.4 47 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ..........48 5.5 Maintenance of Property; Insurance..........................77 7.6 ........................48 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ..........................................48 5.7 Notices.....................................................78 7.8 ...................................................48 5.8 Environmental Laws..........................................80........................................49 5.9

Payment of Obligations. 77 7.4 62 7.5 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ....................................................63 7.6 Maintenance of Property; Insurance..........................77 7.6 ..................................................................63 7.7 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 ..............................................63 7.8 Environmental Laws..........................................80..................................................................................64 7.9

Payment of Obligations. 77 7.4 64 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ...............64 8.5 Maintenance of Property; Insurance..........................77 7.6 ..................................65 8.6 Inspection of Property; Books and Records; Discussions......78 7.7 ..............65 8.7 Notices.....................................................78 7.8 .............................................................65 8.8 Environmental Laws..................................................66 8.9 Additional Collateral, etc..........................................8066 8.10 Certain Post-Closing Matters.......................................66

Payment of Obligations. 77 7.4 50 7.4. Conduct of Business and Maintenance of Existence, etc; Compliance with Law and Contractual Obligations 51 7.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ............................................................... 51 7.6. Inspection of Property; Books and Records; Discussions......78 7.7 ........................................... 51 7.7. Notices.....................................................78 7.8 .......................................................................................... 51 7.8. Environmental Laws..........................................80............................................................................... 52 7.9.

Payment of Obligations. 77 21 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ...................................................21 7.5 Maintenance of Property; Insurance..........................77 .................................................................21 7.6 Inspection Inspection-of Property; Books and Records; Discussions......78 .............................................21 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80............................................................................................22 7.8

Payment of Obligations. 77 7.4 58 6.4. Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 Maintenance of Existence and Property; Compliance with Law....................58 6.5. Insurance..........................77 7.6 ..........................................................................................58 6.6. Inspection of Property; Books and Records; Discussions......78 7.7 .............................................58 6.7. Notices.....................................................78 7.8 ............................................................................................58 6.8. Environmental Laws..........................................80.................................................................................59

Payment of Obligations. 77 7.4 75 9.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......................................... 75 9.5 Maintenance of Property; Insurance..........................77 7.6 ....................................................... 75 9.6 Inspection of Property; Books and Records; Discussions......78 7.7 ................................... 76 9.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.................................................................................. 76 9.8

Payment of Obligations. 77 7.4 23 5.4. Conduct of Business and Maintenance of Existence, etc...................23 5.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 .................................23 5.6. Inspection of Property; Files, Books and Records; Discussions......78 7.7 23 5.7. Notices.....................................................78 7.8 Environmental Laws............................................................24 5.8. Delivery of Other Reports..........................................8024 5.9. Annual Certificate.................................................24 5.10. Further Assurances.................................................25

Payment of Obligations. 77 7.4 46 6.4. Conduct of Business and Maintenance of Existence, etc........................46 6.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ...........................................46 6.6. Inspection of Property; Books and Records; Discussions......78 7.7 .......................46 6.7. Notices.....................................................78 7.8 ......................................................................46 6.8. Environmental Laws..........................................80...........................................................47 6.9. Additional Collateral, etc...................................................47 6.10. Pany.........................................................................49 6.11.

Payment of Obligations. 77 7.4 42 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ............................................. 42 5.5 Maintenance of Property; Insurance..........................77 7.6 ........................................................... 42 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ....................................... 43 5.7 Notices.....................................................78 7.8 Environmental Laws..........................................80...................................................................................... 43 5.8

Payment of Obligations. 77 7.4 60 6.4 Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 Maintenance of Existence and Property; Compliance with Law................60 6.5 Insurance..........................77 7.6 ......................................................................................60 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .........................................60 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................................60 6.8

Payment of Obligations. 77 53 7.4 Conduct of Business and Maintenance of Existence, etc. ; Compliance with Law and Contractual Obligations.....77 53 7.5 Maintenance of Property; Insurance..........................77 ....................................................................53 7.6 Inspection of Property; Books and Records; Discussions......78 ................................................53 7.7 Notices.....................................................78 ...............................................................................................53 7.8 Environmental Laws..........................................80....................................................................................54 7.9

Payment of Obligations. 77 7.4 88 7.5 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ........................................88 7.6 Maintenance of Property; Insurance..........................77 7.6 ......................................................88 7.7 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 ..................................89 7.8 Environmental Laws..........................................80......................................................................89 7.9

Payment of Obligations. 77 7.4 79 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ; Compliance; Hotel Licenses................................................................................................................. 79 6.5 Maintenance of Property; Insurance..........................77 7.6 Insurance ..................................................................... 80 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 Notices.....................................................78 7.8 Discussions .................................... 83 6.7 Notices .................................................................................................................. 83 6.8 Environmental Laws..........................................80; Environmental Reports ...................................................... 85 6.9

Payment of Obligations. 77 7.4 53 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .....................................53 6.5 Maintenance of Property; Insurance..........................77 7.6 ...................................................53 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 Appraisals................................54 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80..............................................................................55 6.8

Payment of Obligations. 77 7.4 39 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .............. 39 5.5 Maintenance of Property; Insurance..........................77 7.6 ................................. 40 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............. 40 5.7 Notices.....................................................78 7.8 ............................................................ 40 5.8 Environmental Laws..........................................80................................................. 41

Payment of Obligations. 77 7.4 56 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......... 57 8.5 Maintenance of Property; Insurance..........................77 7.6 .............................. 57 8.6 Inspection of Property; Books and Records; Discussions......78 7.7 .......... 57 8.7 Notices.....................................................78 7.8 ......................................................... 57 8.8 Environmental Laws..........................................80.............................................. 58 8.9

Payment of Obligations. 77 7.4 49 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .................. 49 5.5 Maintenance of Property; Insurance..........................77 7.6 ................................ 49 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 ............ 49 5.7 Notices.....................................................78 7.8 ........................................................... 50 5.8 Environmental Laws..........................................80................................................ 51 5.9

Payment of Obligations. 77 62 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ............ 62 7.5 Maintenance of Property; Insurance..........................77 .......................... 62 7.6 Inspection of Property; Books and Records; Discussions......78 ...... 63 7.7 Notices.....................................................78 ..................................................... 63 7.8 Environmental Laws..........................................80.......................................... 64 7.9

Payment of Obligations. 77 7.4 28 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 .......................................28 5.5 Maintenance of Property; Insurance..........................77 7.6 .....................................................29 5.6 Inspection of Property; Books and Records; Discussions......78 7.7 .................................29 5.7 Notices.....................................................78 7.8 Environmental Laws..........................................80................................................................................29 5.8

Payment of Obligations. 77 7.4 17 5.4. Conduct of Business and Maintenance of Existence, etc................... 18 5.5. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ................................. 18 5.6. Inspection of Property; Files, Books and Records; Discussions......78 7.7 ...... 18 5.7. Notices.....................................................78 7.8 Environmental Laws..........................................80............................................................ 18 5.8. Delivery of Other Reports.......................................... 18 5.9. Annual Certificate................................................. 18 5.10. Further Assurances................................................. 19 5.11.

Payment of Obligations. 77 7.4 47 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......................48 6.5 Maintenance of Property; Insurance..........................77 7.6 ....................................48 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ................48 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80...............................................................48 6.8

Payment of Obligations. 77 60 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ....................................... 60 7.5 Maintenance of Property; Insurance..........................77 ..................................................... 61 7.6 Inspection of Property; Books and Records; Discussions......78 ................................. 61 7.7 Notices.....................................................78 ................................................................................ 61 7.8 Environmental Laws..........................................80..................................................................... 63 7.9 After-Acquired Real Property and Fixtures.............................................. 63

Payment of Obligations. 77 7.4 45 5.3 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ..........................................45 5.4 Maintenance of Property; Leases; Insurance..........................77 7.6 ; Taxes..............................................45 5.5 Inspection of Property; Books and Records; Discussions......78 7.7 .........................................46 5.6 Notices.....................................................78 7.8 ........................................................................................47 5.7 Environmental Laws..........................................80; Permits....................................................................47 5.8

Payment of Obligations. 77 41 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 .......................................... 41 7.5 Maintenance of Property; Insurance..........................77 ................. 42 7.6 Inspection of Property; Books and Records; Discussions......78 ........................................ 42 7.7 Notices.....................................................78 ............................................ 42 7.8 Environmental Laws..........................................80................................. 44 7.9 Cash Concentration Account......................... 44 7.10 FY1988 Projections................................. 44 7.11

Payment of Obligations. 77 7.4 60 6.4. Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 Maintenance of Existence and Property; Compliance with Law...................................60 6.5. Insurance..........................77 7.6 ........................................................61 6.6. Inspection of Property; Books and Records; Discussions......78 7.7 ...........61 6.7. Notices.....................................................78 7.8 ..........................................................61 6.8. Environmental Laws..........................................80...............................................62 6.9.

Payment of Obligations. 77 7.4 81 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................. 82 8.5 Maintenance of Property; Insurance..........................77 7.6 ............................... 82 8.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........... 82 8.7 Notices.....................................................78 7.8 .......................................................... 83 8.8 Environmental Laws..........................................80............................................... 83 8.9 Pledge of Real Property.......................................... 84

Payment of Obligations. 77 93 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ........................................ 93 7.5 Maintenance of Property; Insurance..........................77 ............... 93 7.6 Inspection of Property; Books and Records; Discussions......78 ...................................... 93 7.7 Notices.....................................................78 7.8 Environmental Laws..........................................80.......................................... 94 7.8

Payment of Obligations. 77 7.4 65 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......................................... 65 6.5 Maintenance of Property; Insurance..........................77 7.6 ............................................................ 65 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........................................ 65 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80....................................................................................... 66 6.8

Payment of Obligations. 77 7.4 84 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ......................................... 84 6.5 Maintenance of Property; Insurance..........................77 7.6 ............................................................ 84 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 ........................................ 84 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80....................................................................................... 85 6.8

Payment of Obligations. 77 7.4 62 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ...............................................62 8.5 Maintenance of Property; Insurance..........................77 7.6 .............................................................63 8.6 Inspection of Property; Books and Records; Discussions......78 7.7 .........................................63 8.7 Notices.....................................................78 7.8 Environmental Laws..........................................80........................................................................................63 Section 9. NEGATIVE COVENANTS....................................................................................64

Payment of Obligations. 77 73 7.4 Conduct of Business and Maintenance of Existence, etc. .....77 ................... 73 7.5 Maintenance of Property; Insurance..........................77 ...................................... 73 7.6 Inspection of Property; Books and Records; Discussions......78 .................. 73 7.7 Notices.....................................................78 ................................................................. 73 7.8 Environmental Laws..........................................80...................................................... 74 7.9 Interest Rate Protection................................................ 74 7.10 Additional Collateral, etc.............................................. 74 7.11 Clean-Down.............................................................. 76

Payment of Obligations. 77 7.4 53 6.4 Conduct of Business and Business; Maintenance of Existence, etc. .....77 7.5 Maintenance of Existence and Property; Compliance with Law........................53 6.5 Insurance..........................77 7.6 ..............................................................................................53 6.6 Inspection of Property; Books and Records; Discussions......78 7.7 .................................................53 6.7 Notices.....................................................78 7.8 Environmental Laws..........................................80................................................................................................53 6.8

Payment of Obligations. 77 7.4 5.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 Maintenance of Property; Insurance..........................77 7.6 ................................... 5.5 Inspection of Property; Properties, Books and Records; Discussions......78 7.7 , Discussions .......................... 5.6 Notices.....................................................78 7.8 Environmental Laws..........................................80.......................................... 5.7

Payment of Obligations. 77 7.4 76 6.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 ................................................76 6.5 Maintenance of Property; Leases; Insurance..........................77 7.6 ...........................................................76 6.6 Inspection of Property; Books and Records; Discussions.....................................................78 7.7 6.7 Notices...................................................................................................................................................78 7.8 6.8 Environmental Laws..........................................80...................................................................................79 6.9

Payment of Obligations. 77 7.4 36 8.4 Conduct of Business and Maintenance of Existence, etc. .....77 7.5 Maintenance of Property; .................................................. 36 8.5 Insurance..........................77 7.6 ......................................................................................... 37 8.6 Inspection of Property; , Books and Records; Discussions......78 7.7 ............................................ 37 8.7 Notices.....................................................78 7.8 ........................................................................................... 37 8.8 Environmental Laws..........................................80................................................................................ 38 8.9 Year 2000 Compliance.............................................................................. 38