Common use of Payment of Obligations Clause in Contracts

Payment of Obligations. 37 5.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 Maintenance of Property; Insurance....................................... 37 5.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9

Payment of Obligations. 37 5.4 34 5.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 Existence .............. 35 5.5. Maintenance of Property; Insurance....................................... 37 5.6 Insurance ............................ 35 5.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 Discussions ........ 36 5.7. Notices ....................................................... 36 5.8. Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 Laws ............................................ 37 5.9.

Payment of Obligations. 37 39 5.4 Conduct of Business and Maintenance of Existence......................... 37 39 5.5 Maintenance of Property; Insurance....................................... 37 ............... 39 5.6 Inspection of Property; Books and Records; Discussions................... 38 .................................... 39 5.7 Notices.......................................... 39 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ............................... 40 5.9

Payment of Obligations. 37 46 5.4 Conduct of Business and Business; Maintenance of Existence......................... 37 ; Compliance with Laws............................................................... 46 5.5 Maintenance of Property; Insurance....................................... 37 .................................. 46 5.6 Inspection of Property; Books and Records; Discussions................... 38 .............. 47 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices............................................................. 47 5.8

Payment of Obligations. 37 46 5.4 Conduct of Business and Business; Maintenance of Existence......................... 37 ; Compliance with Laws.......................................................... 46 5.5 Maintenance of Property; Insurance....................................... 37 .............................. 46 5.6 Inspection of Property; Books and Records; Discussions................... 38 .......... 47 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices......................................................... 47 5.8

Payment of Obligations. 37 5.4 68 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc............................. 68 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ................................................ 68 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................ 68 6.7 Notices........................................................................... 70 6.8

Payment of Obligations. 37 5.4 Conduct of Business and Maintenance of Existence......................... ...............37 5.5 Maintenance of Property; Insurance....................................... .............................37 5.6 Inspection of Property; Books and Records; Discussions................... .........37 5.7 Notices........................................................38 5.7 5.8 Environmental Laws....................................................... .............................................38 5.8 Use of Proceeds.......................................................... 39 5.9SECTION 6. NEGATIVE COVENANTS..............................................39

Payment of Obligations. 37 5.4 56 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc. ........ 56 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................. 56 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ......... 57 6.7 Notices........................................................ 57 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................................. 58 6.9

Payment of Obligations. 37 34 5.4 Conduct of Business and Maintenance of Existence......................... 37 ............................................... 34 5.5 Maintenance of Property; Insurance....................................... 37 ............................................................. 34 5.6 Inspection of Property; Books and Records; Discussions................... 38 ......................................... 35 5.7 Notices........................................................................................ 35 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ............................................................................. 36 5.9

Payment of Obligations. 37 5.4 53 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................53 8.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................53 8.6 Inspection of Property; Books and Records; , Discussions................... 38 5.7 Environmental .........................................53 8.7 Notices........................................................................................54 8.8 Hazardous Material Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................................................55 8.9

Payment of Obligations. 37 5.4 Conduct of Business and 75 7.4 Maintenance of Existence......................... 37 5.5 ; Compliance with Contractual Obligations and Requirements of Law...........................................................................................76 7.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................76 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................76 7.7 Notices.......................................................................................76 7.8

Payment of Obligations. 37 5.4 55 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ; Compliance with Laws.....................................................55 7.5 Maintenance of Property; Insurance....................................... 37 5.6 ................................56 7.6 Inspection of Property; Books and Records; , Discussions................... 38 5.7 Environmental ............56 7.7 Notices...........................................................56 7.8 Hazardous Material Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9...........................................57 7.9

Payment of Obligations. 37 26 5.4 Conduct of Business and Maintenance of Existence......................... 37 ...............................................27 5.5 Maintenance of Property; Insurance....................................... 37 .............................................................27 5.6 Inspection of Property; Books and Records; Discussions................... 38 .........................................27 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices........................................................................................27 5.8

Payment of Obligations. 37 5.4 69 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..........................................69 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................69 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .........................................70 6.7 Notices........................................................................................71 6.8 Environmental Laws....................................................... 38 5.8 .............................................................................71 6.9 Interest Rate Protection.......................................................................71 6.10 Additional Collateral, etc.....................................................................72 6.11 Use of Proceeds.......................................................... 39 5.9................................................................................74 6.12

Payment of Obligations. 37 5.4 Conduct of Business and 56 7.4. Maintenance of Existence......................... 37 5.5 ; Compliance....................................................... 56 7.5. Maintenance of Property; Insurance....................................... 37 5.6 ......................................................... 57 7.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 ..................................... 57 7.7. Notices.................................................................................... 57 7.8. Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9......................................................................... 58 7.9. Additional Collateral, etc................................................................. 58 7.10. Further Assurances......................................................................... 60 SECTION 8. NEGATIVE COVENANTS.......................................................................... 60

Payment of Obligations. 37 5.4 62 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................62 8.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................63 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.........................................63 8.7 Notices........................................................................................63 Section 9. NEGATIVE COVENANTS....................................................................................64

Payment of Obligations. 37 5.4 61 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc................................ 61 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ................................................... 61 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................... 61 6.7 Notices.............................................................................. 62 6.8

Payment of Obligations. 37 5.4 56 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ........................................ 56 7.5 Maintenance of Property; Insurance....................................... 37 5.6 ...................................................... 56 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .................................. 57 7.7 Notices................................................................................. 57 7.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9...................................................................... 58 7.9

Payment of Obligations. 37 27 5.4 Conduct of Business and Maintenance of Existence......................... 37 ; Compliance............................................................27 5.5 Maintenance of Property; Insurance....................................... 37 ..............................................................27 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..........................................27 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices.........................................................................................27 5.8

Payment of Obligations. 37 50 Section 5.4 Conduct of Business and Maintenance of Existence......................... 37 ...................................50 Section 5.5 Maintenance of Property; Insurance....................................... 37 .................................................50 Section 5.6 Inspection of Property; Books and Records; Discussions................... 38 .............................51 Section 5.7 Notices............................................................................51 Section 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 .................................................................52 Section 5.9

Payment of Obligations. 37 5.4 66 6.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 , FCC Licenses, etc....................................66 6.5. Maintenance of Property; Insurance....................................... 37 5.6 .....................................................................67 6.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 .................................................67 6.7. Notices................................................................................................68 6.8. Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.....................................................................................68 6.9.

Payment of Obligations. 37 41 5.4 Conduct of Business and Maintenance of Existence......................... 37 ; Compliance with Contractual Obligations and Requirements of Law...................................... 41 5.5 Maintenance of Property; Insurance....................................... 37 ........................... 42 5.6 Inspection of Property; Books and Records; Discussions................... 38 ....... 42 5.7 Environmental Laws....................................................... 38 Notices...................................................... 42 5.8 Use of Proceeds.......................................................... 39 5.9Additional Pledges and Guarantees............................ 43

Payment of Obligations. 37 5.4 47 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ......................48 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ....................................48 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................48 6.7 Notices...............................................................48 6.8

Payment of Obligations. 37 5.4 60 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ....................................... 60 7.5 Maintenance of Property; Insurance....................................... 37 5.6 ..................................................... 61 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ................................. 61 7.7 Notices................................................................................ 61 7.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..................................................................... 63 7.9 After-Acquired Real Property and Fixtures.............................................. 63

Payment of Obligations. 37 5.4 45 5.3 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..........................................45 5.4 Maintenance of Property; Leases; Insurance....................................... 37 5.6 ; Taxes..............................................45 5.5 Inspection of Property; Books and Records; Discussions................... 38 .........................................46 5.6 Notices........................................................................................47 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9; Permits....................................................................47 5.8

Payment of Obligations. 37 5.4 50 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..................................................51 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ...............................51 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.....................................................51 6.7 Notices..........................................................51 6.8

Payment of Obligations. 37 53 5.4 Conduct of Business and Maintenance of Existence......................... 37 , etc..............................................53 5.5 Maintenance of Property; Insurance....................................... 37 .................................................................54 5.6 Inspection of Property; Books and Records; Discussions................... 38 .............................................54 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices............................................................................................54 5.8

Payment of Obligations. 37 5.4 70 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ............................................. 71 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ........................................................... 71 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9....................................... 71 6.7 Notices...................................................................................... 72 6.8

Payment of Obligations. 37 5.4 52 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 Maintenance of Property; Insurance....................................... 37 5.6 ....................................52 8.5 Inspection of Property; Books and Records; , Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..............................53 8.6 Notices.............................................................................53 8.7

Payment of Obligations. 37 5.4 74 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................74 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................74 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Appraisals..........................................74 6.7 Notices........................................................................................75 6.8

Payment of Obligations. 37 56 5.4 Conduct of Business and Maintenance of Existence......................... 37 ; Compliance............................................................56 5.5 Maintenance of Property; Insurance....................................... 37 ..............................................................56 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..........................................57 5.7 Environmental Laws....................................................... 38 Notices.........................................................................................57 5.8 Use ERISA ..........................................................................................57 5.9 Continuation of Proceeds.......................................................... 39 5.9or Change in Business...........................................................58 5.10

Payment of Obligations. 37 5.4 73 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc................... 73 7.5 Maintenance of Property; Insurance....................................... 37 5.6 ...................................... 73 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .................. 73 7.7 Notices................................................................. 73 7.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9...................................................... 74 7.9 Interest Rate Protection................................................ 74 7.10 Additional Collateral, etc.............................................. 74 7.11 Clean-Down.............................................................. 76

Payment of Obligations. 37 5.4 53 6.4 Conduct of Business and Business; Maintenance of Existence......................... 37 5.5 Maintenance of Existence and Property; Compliance with Law........................53 6.5 Insurance....................................... 37 5.6 ..............................................................................................53 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.................................................53 6.7 Notices................................................................................................53 6.8

Payment of Obligations. 37 5.4 Conduct of Business and Maintenance of Existence......................... 37 ................................... 5.5 Maintenance of Property; Insurance....................................... 37 5.6 Inspection of Property; Properties, Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9, Discussions .......................... 5.6 Notices.......................................... 5.7

Payment of Obligations. 37 38 5.4 Conduct of Business and Maintenance of Existence......................... 37 ................38 5.5 Maintenance of Property; Insurance....................................... 37 ..............................38 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..........39 5.7 Notices.........................................................39 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..............................................40

Payment of Obligations. 37 5.4 Conduct of Business and 47 6.4. Maintenance of Existence......................... 37 5.5 ; Compliance............................................................. 47 6.5. Maintenance of Property; Insurance....................................... 37 5.6 ............................................................... 47 6.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 ........................................... 47 6.7. Notices.......................................................................................... 48 6.8. Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................................................................... 48 6.9.

Payment of Obligations. 37 69 Section 5.4 Conduct of Business and Maintenance of Existence......................... 37 ......................................69 Section 5.5 Maintenance of Property; Insurance....................................... 37 ....................................................69 Section 5.6 Inspection of Property; Books and Records; Discussions................... 38 ................................70 Section 5.7 Notices...............................................................................70 Section 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ....................................................................71 Section 5.9

Payment of Obligations. 37 54 5.4 Conduct of Business and Maintenance of Existence......................... 37 ...............................................54 5.5 Maintenance of Property; Insurance....................................... 37 .............................................................54 5.6 Inspection of Property; Books and Records; Discussions................... 38 .........................................54 5.7 Notices........................................................................................55 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 .............................................................................56 5.9

Payment of Obligations. 37 5.4 71 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..............................................71 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .................................................................71 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .............................................73 6.7 Notices............................................................................................73 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.................................................................................74 6.9 Interest Rate Protection...........................................................................74 6.10 Additional Collateral, etc.........................................................................74 6.11 Year 2000..........................................................................................76 6.12

Payment of Obligations. 37 5.4 75 9.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ......................................... 75 9.5 Maintenance of Property; Insurance....................................... 37 5.6 ....................................................... 75 9.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................... 76 9.7 Notices.................................................................................. 76 9.8

Payment of Obligations. 37 5.4 23 5.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 ...................23 5.5. Maintenance of Property; Insurance....................................... 37 5.6 .................................23 5.6. Inspection of Property; Files, Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use ......23 5.7. Notices............................................................24 5.8. Delivery of Proceeds.......................................................... 39 Other Reports..........................................24 5.9. Annual Certificate.................................................24 5.10. Further Assurances.................................................25

Payment of Obligations. 37 5.4 46 6.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc........................46 6.5. Maintenance of Property; Insurance....................................... 37 5.6 ...........................................46 6.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 .......................46 6.7. Notices......................................................................46 6.8. Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9...........................................................47 6.9. Additional Collateral, etc...................................................47 6.10. Pany.........................................................................49 6.11.

Payment of Obligations. 37 42 5.4 Conduct of Business and Maintenance of Existence......................... 37 ............................................. 42 5.5 Maintenance of Property; Insurance....................................... 37 ........................................................... 42 5.6 Inspection of Property; Books and Records; Discussions................... 38 ....................................... 43 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices...................................................................................... 43 5.8

Payment of Obligations. 37 60 Section 5.4 Conduct of Business and Maintenance of Existence......................... 37 ........................................ 60 Section 5.5 Maintenance of Property; Insurance....................................... 37 ...................................................... 60 Section 5.6 Inspection of Property; Books and Records; Discussions................... 38 .................................. 61 Section 5.7 Notices................................................................................. 61 Section 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ...................................................................... 62 Section 5.9

Payment of Obligations. 37 5.4 48 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 Existence ........................................ 49 7.5 Maintenance of Property; Insurance....................................... 37 5.6 Insurance ...................................................... 49 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Discussions .................................. 49 7.7 Notices ................................................................................. 49 7.8

Payment of Obligations. 37 5.4 57 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............57 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................57 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .........57 6.7 Notices........................................................57 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.............................................58 6.9 Indemnification................................................58

Payment of Obligations. 37 5.4 7.4 Conduct of Business and Maintenance of Existence......................... ...................... 37 5.5 7.5 Maintenance of Property; Insurance....................................... 37 5.6 .................................... 38 7.6 Inspection of Property; Books and Records; Discussions................... ................ 38 5.7 7.7 Notices............................................................... 38 7.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.................................................... 40 7.9

Payment of Obligations. 37 5.4 38 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 Maintenance of Property; ................................................... 38 8.5 Insurance....................................... 37 5.6 .......................................................................................... 39 8.6 Inspection of Property; , Books and Records; Discussions................... 38 5.7 ............................................. 39 8.7 Notices............................................................................................ 39 8.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................................................................. 40 8.9 Year 2000 Compliance............................................................................... 40

Payment of Obligations. 37 5.4 59 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................59 8.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................60 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.........................................60 8.7 Notices........................................................................................60 8.8

Payment of Obligations. 37 53 5.4 Conduct of Business and Maintenance of Existence......................... 37 , etc...............54 5.5 Maintenance of Property; Insurance....................................... 37 ..................................54 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..............54 5.7 Notices.............................................................55 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..................................................55 5.9 Additional Collateral, etc..........................................56 5.10 Further Assurances..................................................57

Payment of Obligations. 37 5.4 59 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc.............................................59 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ................................................................60 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................................60 6.7 Notices...........................................................................................60 6.8

Payment of Obligations. 37 5.4 36 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ..................36 6.5 Maintenance of Property; Insurance....................................... ................................37 5.6 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use ............37 6.7 Notices...........................................................37 6.8 Consummation of Proceeds.......................................................... 39 5.9Schnxxxxx Xxxuisition.............................38

Payment of Obligations. 37 5.4 Conduct of Business and Maintenance of Existence......................... ......37 5.5 Maintenance of Property; Insurance....................................... ....................37 5.6 Inspection of Property; Books and Records; Discussions................... ...........................................37 5.7 Notices...............................................38 5.7 5.8 Environmental Laws....................................................... ....................................38 5.8 Use of Proceeds.......................................................... 39 5.9SECTION 6. NEGATIVE COVENANTS....................................39

Payment of Obligations. 37 5.4 65 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc......................................... 65 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................ 65 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................ 65 6.7 Notices....................................................................................... 66 6.8

Payment of Obligations. 37 5.4 59 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc...........................59 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ..............................................60 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..........................60 6.7 Notices.........................................................................60 6.8

Payment of Obligations. 37 5.4 72 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc................................. 72 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .................................................... 73 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ................................ 73 6.7 Notices............................................................................... 74 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.................................................................... 75 6.9

Payment of Obligations. 37 5.4 51 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................52 8.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................52 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ; Independent Audits.........................................................................................52 8.7 Notices........................................................................................52 8.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.............................................................................53 8.9

Payment of Obligations. 37 5.4 Conduct of Business and ......................................................................55 6.4 Maintenance of Existence......................... 37 5.5 ; Compliance...........................................................55 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................55 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 .........................................56 6.7 Notices........................................................................................56 6.8 ERISA..........................................................................................57 6.9 Use of Proceeds.......................................................... 39 5.9................................................................................57 6.10 Mortgage Amendments............................................................................57 6.11 Additional Collateral, etc.....................................................................57 6.12 Title Insurance Policies.......................................................................59

Payment of Obligations. 37 55 Section 5.4 Conduct of Business and Maintenance of Existence......................... 37 ......................................56 Section 5.5 Maintenance of Property; Insurance....................................... 37 ....................................................56 Section 5.6 Inspection of Property; Books and Records; Discussions................... 38 ................................56 Section 5.7 Notices...............................................................................56 Section 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ....................................................................57 Section 5.9

Payment of Obligations. 37 5.4 43 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 .................................................... 44 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .................................................................. 44 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use .............................................. 44 6.7 Notices............................................................................................. 45 6.8 Maintenance of Proceeds.......................................................... 39 5.9Corporate Identity................................................................... 46 6.9

Payment of Obligations. 37 5.4 53 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 .....................................53 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ...................................................53 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Appraisals................................54 6.7 Notices..............................................................................55 6.8

Payment of Obligations. 37 39 5.4 Conduct of Business and Maintenance of Existence......................... 37 , etc.............. 39 5.5 Maintenance of Property; Insurance....................................... 37 ................................. 40 5.6 Inspection of Property; Books and Records; Discussions................... 38 ............. 40 5.7 Notices............................................................ 40 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................................. 41

Payment of Obligations. 37 5.4 84 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc......................................... 84 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................ 84 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................ 84 6.7 Notices....................................................................................... 85 6.8

Payment of Obligations. 37 27 5.4 Conduct of Business and Maintenance of Existence......................... 37 .................................................. 27 5.5 Maintenance of Property; Insurance....................................... 37 ................................................................ 27 5.6 Inspection of Property; Books and Records; Discussions................... 38 ............................................ 28 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices........................................................................................... 28 5.8

Payment of Obligations. 37 5.4 65 9.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 .................................................. 65 9.5 Maintenance of Property; Insurance....................................... 37 5.6 ................................................................ 65 9.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................................ 66 9.7 Notices ......................................................................................... 66 9.8

Payment of Obligations. 37 5.4 81 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ................. 82 8.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................... 82 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ........... 82 8.7 Notices.......................................................... 83 8.8 Environmental Laws....................................................... 38 5.8 Use ............................................... 83 8.9 Pledge of Proceeds.......................................................... 39 5.9Real Property.......................................... 84

Payment of Obligations. 37 5.4 56 6.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 ................................................. 56 6.5. Maintenance of Property; Property and Insurance....................................... 37 5.6 ............................................................ 56 6.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.......................................... 57 6.7. Notices ......................................................................................... 57 6.8. Separate Corporate Entity for and Borrowing by Unrestricted Subsidiaries........................ 58

Payment of Obligations. 37 5.4 53 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ............................................. 53 8.5 Maintenance of Property; Insurance....................................... 37 5.6 ..................... 54 8.6 Inspection of Property; Books and Records; , Discussions................... 38 5.7 Environmental ........................................... 54 8.7 Notices................................................ 55 8.8 Hazardous Material Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................ 56 8.9 Maintain Minimum Tangible Net Worth.................... 56 8.10

Payment of Obligations. 37 5.4 46 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc................................... 46 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ...................................................... 47 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.................................. 47 6.7 Notices................................................................................. 47 6.8

Payment of Obligations. 37 5.4 Conduct of Business and 78 6.4 Taxes.................................................................................................78 6.5 Maintenance of Existence......................... 37 5.5 ; Compliance..................................................................78 6.6 Maintenance of Property; Insurance....................................... 37 5.6 ....................................................................78 6.7 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................................79 6.8 Notices...............................................................................................79 6.9

Payment of Obligations. 37 36 5.4 Conduct of Business and Maintenance of Existence......................... 37 ................36 5.5 Maintenance of Property; Insurance....................................... 37 ..............................36 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..........36 5.7 Notices.........................................................37 5.8 Environmental Laws....................................................... ..............................................37 5.9 Consolidated Adjusted Indebtedness to Adjusted Capitalization...38 5.8 Use of Proceeds.......................................................... 39 5.95.10

Payment of Obligations. 37 5.4 64 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ; Compliance with Laws...................... 64 7.5 Maintenance of Property; Insurance....................................... 37 5.6 .......................................................... 65 7.6 Inspection of Property; Books and Records; , Discussions................... 38 5.7 Environmental ...................................... 65 7.7 Notices..................................................................................... 66 7.8 Hazardous Material Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..................................................................... 67 7.9

Payment of Obligations. 37 44 5.4 Conduct of Business and Maintenance of Existence......................... 37 Existence ............................................................... 44 5.5 Maintenance of PropertyInsurance; Insurance....................................... 37 Property ............................................................................. 44 5.6 Inspection of Property; Books and Records; Discussions................... 38 Discussions ......................................................... 45 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Notices ........................................................................................................ 45 5.8

Payment of Obligations. 37 5.4 40 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 Maintenance of Property; Existence .................................................. 40 8.5 Insurance....................................... 37 5.6 ............................................. 41 8.6 Inspection of Property; , Books and Records; Discussions................... 38 5.7 ........................................ 41 8.7 Notices............................................... 41 8.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.................................... 42

Payment of Obligations. 37 5.4 44 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc......................................... 45 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................ 45 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................ 45 6.7 Notices....................................................................................... 45 6.8

Payment of Obligations. 37 5.4 56 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc.......................................... 56 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................. 56 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9......................................... 57 6.7 Notices........................................................................................ 57 6.8

Payment of Obligations. 37 30 5.4 Conduct of Business and Maintenance of Existence......................... 37 ...............................................30 5.5 Maintenance of Property; Insurance....................................... 37 .............................................................31 5.6 Inspection of Property; Books and Records; Discussions................... 38 .........................................31 5.7 Notices........................................................................................31 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.............................................................................32 5.9 Taxes..........................................................................................32 5.10

Payment of Obligations. 37 5.4 42 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..............................42 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .................................................43 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.............................43 6.7 Notices............................................................................43 6.8

Payment of Obligations. 37 5.4 61 6.4 Conduct of Business and Business; Maintenance of Existence......................... 37 5.5 Maintenance of Existence and Property; Compliance with Law................61 6.5 Insurance....................................... 37 5.6 ......................................................................................61 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.........................................62 6.7 Notices........................................................................................62 6.8

Payment of Obligations. 37 5.4 62 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..........................................62 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................63 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.........................................63 6.7 Notices........................................................................................63 6.8

Payment of Obligations. 37 30 5.4 Conduct of Business and Maintenance of Existence......................... 37 ................30 5.5 Maintenance of Property; Insurance....................................... 37 ..............................30 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..........31 5.7 Notices.........................................................31 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..............................................32 5.9 Taxes...........................................................32 5.10

Payment of Obligations. 37 5.4 Conduct of Business and 48 6.4 Maintenance of Existence......................... 37 5.5 ; Compliance............................ 48 6.5 Year 2000 Compliance............................................ 48 6.6 Maintenance of Property; Insurance....................................... 37 5.6 .............................. 48 6.7 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.......... 48 6.8 Notices......................................................... 48 6.9

Payment of Obligations. 37 5.4 45 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ; Compliance with Law and Contractual Obligations....................................................................... 45 7.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................... 45 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................... 45 7.7 Notices.......................................................................................... 46 7.8

Payment of Obligations. 37 5.4 59 5.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 ..................................................... 59 5.5. Leases and Mortgage Interests; Credit Support Agreements............................................. 59 5.6. Maintenance of Property; , Insurance....................................... 37 5.6 ................................................................... 60 5.7. Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ............................................... 60 5.8. Notices.............................................................................................. 60 5.9.

Payment of Obligations. 37 5.4 72 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 , etc..........................................72 6.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................72 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .........................................73 6.7 Notices........................................................................................74 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.............................................................................75 6.9

Payment of Obligations. 37 35 5.4 Conduct of Business and Maintenance of Existence......................... 37 ; Compliance........................35 5.5 Maintenance of Property; Insurance....................................... 37 ..........................35 5.6 Inspection of Property; Books and Records; Discussions................... 38 ......36 5.7 Notices.....................................................36 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..........................................36 5.9 "Know Your Customer" Checks.................................37

Payment of Obligations. 37 5.4 54 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ......................................54 8.5 Maintenance of Property; Insurance....................................... 37 5.6 ....................................................55 8.6 Inspection of Property; Books and Records; , Discussions................... 38 5.7 Environmental ................................55 8.7 Notices...............................................................................55 8.8 Hazardous Material Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9...............................................................56 8.9 Maintain Base Tangible Net Worth......................................................57 8.10

Payment of Obligations. 37 5.4 60 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ; Compliance................................................... 60 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ........................... 60 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ....... 61 6.7 Notices...................................................... 61 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9........................................... 62 6.9

Payment of Obligations. 37 5.4 60 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ; Compliance................................... 60 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................................................. 61 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ......................................... 61 6.7 Notices........................................................................................ 61 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................................................................. 62 6.9

Payment of Obligations. 37 5.4 Conduct of Business and 52 8.4 Maintenance of Existence......................... 37 5.5 ....................................... 52 8.5 Maintenance of Property; Insurance....................................... 37 5.6 ............................. 52 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ............................................ 52 8.7 Notices........................................................ 52 8.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Laws ............................................ 53 8.9

Payment of Obligations. 37 5.4 56 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................56 8.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................57 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 .........................................57 8.7 Notices........................................................................................57 8.8 Environmental Laws....................................................... 38 5.8 Use .............................................................................58 8.9 Changes to Advance Rates, Standards of Proceeds.......................................................... 39 5.9Eligibility and Reserves................................58 8.10 Periodic Audit of Accounts Receivable and Inventory............................................58 8.11

Payment of Obligations. 37 5.4 Conduct of Business and 65 6.4 Maintenance of Existence......................... 37 5.5 ; Compliance..............................................................65 6.5 Maintenance of Property; Insurance....................................... 37 5.6 ................................................................65 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9............................................65 6.7 Notices...........................................................................................66 6.8

Payment of Obligations. 37 32 5.4 Conduct of Business and Maintenance of Existence......................... 37 ; Compliance................................................................33 5.5 Maintenance of Property; Insurance....................................... 37 ..................................................................33 5.6 Inspection of Property; Books and Records; Discussions................... 38 ..............................................33 5.7 Notices.............................................................................................33 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9..................................................................................34 5.9 Additional Collateral, etc..........................................................................34 5.10 REIT Status........................................................................................35 Section 6. NEGATIVE COVENANTS....................................................................................35

Payment of Obligations. 37 5.4 59 6.4. Conduct of Business and Maintenance of Existence......................... 37 5.5 Existence .........................................60 6.5. Maintenance of Property; Insurance....................................... 37 5.6 Insurance .......................................................60 6.6. Inspection of Property; Books and Records; Discussions................... 38 5.7 Discussions ...................................60 6.7. Notices ..................................................................................60 6.8. Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9Laws .......................................................................61 6.9. Further Assurances .......................................................................61 6.10.

Payment of Obligations. 37 5.4 36 7.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...................... 36 7.5 Maintenance of Property; Insurance....................................... 37 5.6 .................................... 36 7.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 ................ 37 7.7 Notices............................................................... 37 7.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... .................................................... 39 5.97.9

Payment of Obligations. 37 5.4 57 8.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................57 8.5 Maintenance of Property; Insurance....................................... 37 5.6 .............................................................57 8.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9.........................................57 8.7 Notices........................................................................................57 PAGE

Payment of Obligations. 37 38 5.4 Conduct of Business and Maintenance of Existence......................... 37 ................................... 38 5.5 Maintenance of Property; Insurance....................................... 37 ................................................. 39 5.6 Inspection of Property; Books and Records; Discussions................... 38 ............................. 39 5.7 Environmental Notices............................................................................ 39 5.8 Environment Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................................................... 40

Payment of Obligations. 37 5.4 79 6.4 Conduct of Business and Maintenance of Existence......................... 37 5.5 ; Compliance; Hotel Licenses................................................................................................................. 79 6.5 Maintenance of Property; Insurance....................................... 37 5.6 Insurance ..................................................................... 80 6.6 Inspection of Property; Books and Records; Discussions................... 38 5.7 Discussions .................................... 83 6.7 Notices .................................................................................................................. 83 6.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9; Environmental Reports ...................................................... 85 6.9

Payment of Obligations. 37 70 5.4 Conduct of Business and Maintenance of Existence......................... 37 ........................................................... 70 5.5 Maintenance of Property; Insurance....................................... 37 ................................................. 71 5.6 Inspection of Property; Books and Records; Discussions................... 38 ............................. 71 5.7 Notices............................................................................ 71 5.8 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 ................................................................. 72 5.9

Payment of Obligations. 37 5.4 51 7.3 Conduct of Business and Maintenance of Existence......................... 37 5.5 ...............................................51 7.4 Maintenance of Property; Insurance....................................... 37 5.6 .........................51 7.5 Inspection of Property; Books and Records; Discussions................... 38 5.7 Environmental Laws....................................................... 38 5.8 Use of Proceeds.......................................................... 39 5.9................................................52 7.6 Notices....................................................52 7.7