Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 3540 Section 2.11. Taxes 3642 Section 2.12. Mitigation Obligations; Replacement of Lenders 4046 Section 2.13 Borrower Representative; Joint and Several Liability 46 ARTICLE III CONDITIONS TO THE LOANS 47 Section 3.01. Conditions Precedent to Making the Loans 4047 Section 3.02. [Intentionally Omitted] 40 ARTICLE IV REPRESENTATIONS AND WARRANTIES 47 Section 4.01. Existence and Power; Subsidiaries 4147 Section 4.02. Authority and Enforceability 4148 Section 4.03. Government Approvals; No Conflicts 4148 Section 4.04. Financial Statements; Projections 4248 Section 4.05. Solvency 4249 Section 4.06. Litigation 4249 Section 4.07. Material Agreements; No Default 4349 Section 4.08. Ownership of Property 4349 Section 4.09. Environmental Laws 4350 Section 4.10. Insurance 4350 Section 4.11. Taxes, Etc. 4350 Section 4.12. ERISA 4450 Section 4.13. Investment Company Axx 0000 Section 4.14. Federal Reserve Regulations 4451 Section 4.15. Labor Matters 4451 Section 4.16. Intellectual Property 4451 Section 4.17. Disclosure 4552 Section 4.18. Compliance with Laws 4552 Section 4.19. Anti-Corruption Laws and Sanctions 4552 Section 4.20. Collateral Documents 4552 ARTICLE V AFFIRMATIVE COVENANTS 53 Section 5.01. Financial Statements and Reports 4653 Section 5.02. Notices 4755 Section 5.03. Existence; Conduct of Business 4855 Section 5.04. Compliance with Laws 4856 Section 5.05. Use of Proceeds 4856 Section 5.06. Payment of Obligations 4856 Section 5.07. Keeping of Books 4956 Section 5.08. Audit Rights 4956 Section 5.09. Performance of Obligations; Enforcement of Rights 4957 Section 5.10. Maintenance of Insurance 4957 Section 5.11. ERISA 5057 Section 5.12. Additional Collateral and Guaranties 5058 Section 5.13. Designation of Subsidiaries 5159 Section 5.14. Assistance with Syndication 5159 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01. Liens, etc. 5160 Section 6.02. Indebtedness 5260 Section 6.03. Fundamental Changes 5361 Section 6.04. Investments 5362 Section 6.05. Asset Sale 5362 Section 6.06. Restricted Payments 5463 Section 6.07. Restrictive Agreements 5463 Section 6.08. Hedge Agreements 5463 Section 6.09. Capital Expenditures 5463 Section 6.10. Nature of Activities 5463 Section 6.11. Transactions with Affiliates 5464 Section 6.12. Accounting Changes; Fiscal Year 5564 Section 6.13. Bank Accounts 5564 Section 6.14. ERISA 5564 Section 6.15. Hazardous Materials 5564 Section 6.16. Modification or Termination of Material Agreements 5565 Sectio...
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set‑offs. 55 Section 2.20 Mitigation Obligations; Replacement of Lenders. 58 Section 2.21 Expansion Option. 59 Section 2.22 Defaulting Lenders. 60
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 5655 SECTION 2.20 Mitigation Obligations; Replacement of Lenders 5857
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set- offs 45 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 47 SECTION 2.20. Expansion Option 48 SECTION 2.21. Defaulting Lenders 49 SECTION 2.22. Extension of Maturity Date 49 SECTION 2.23. XXXX Events. 51
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 63 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 65 SECTION 2.20. Incremental Facilities 66 SECTION 2.21. Defaulting Lenders 69 SECTION 2.22. Extension of Maturity Date 71 ARTICLE III Representations and Warranties 74 SECTION 3.01. Organization; Powers; Subsidiaries 74 SECTION 3.02. Authorization; Enforceability 74 SECTION 3.03. Governmental Approvals; No Conflicts 74 SECTION 3.04. Financial Condition; No Material Adverse Change 75 SECTION 3.05. Properties 75 SECTION 3.06. Litigation, Environmental and Labor Matters 75 SECTION 3.07. Compliance with Laws and Agreements 76 Table of Contents (continued) Page
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 5344 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 5546 SECTION 2.18 Defaulting Lenders 5647 SECTION 2.19 Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions 5748 SECTION 2.20 Expansion Option 57 ARTICLE III REPRESENTATIONS AND WARRANTIES 5949 SECTION 3.01 Organization 5949 SECTION 3.02 Authority 5949 SECTION 3.03 Necessary Action 5949 SECTION 3.04 Due Authorization, Etc. 5949 SECTION 3.05 Compliance with Law 5949 SECTION 3.06 No Litigation 5949 SECTION 3.07 Title 60 SECTION 3.083.07 Governmental Approvals 6050 SECTION 3.093.08 Financial Condition 6050 SECTION 3.10 Capitalization 61 SECTION 3.11 Subsidiaries 61 Cleco Corporate Holdings LLC 2019 Term Loan Agreement
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set‑offs 56 Section 2.20 Mitigation Obligations; Replacement of Lenders 58 Section 2.21 Expansion Option 59 Section 2.22 Defaulting Lenders 60 Section 2.23 Acknowledgement and Consent to Bail-In of Affected Financial Institutions 63 Article III Representations and Warranties. 63 Section 3.01 Organization 63 Section 3.02 Authority 64 Section 3.03 Necessary Action 64 Section 3.04 Due Authorization, Etc 64 Section 3.05 Compliance with Law 64 Cleco Corporate Holdings LLC Credit Agreement Section 3.06 No Litigation 64 Section 3.07 Governmental Approvals 64 Section 3.08 Financial Condition 65 Section 3.09 No Violation 65 Section 3.10 Not Investment Company 65 Section 3.11 Accuracy of Disclosures 65 Section 3.12 Margin Regulations 66
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 48 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 51 SECTION 2.20. Judgment Currency 51 SECTION 2.21. Defaulting Lenders 52 SECTION 2.22. Expansion Option 53 ARTICLE III Representations and Warranties 55 SECTION 3.01. Organization; Powers; Subsidiaries 55 SECTION 3.02. Authorization; Enforceability 55 SECTION 3.03. Governmental Approvals; No Conflicts 55 SECTION 3.04. Financial Condition; No Material Adverse Change 56 SECTION 3.05. Properties 56 SECTION 3.06. Litigation, Environmental and Labor Matters 56 SECTION 3.07. Compliance with Laws and Agreements 57 i Table of Contents (continued) Page SECTION 3.08. Investment Company Status 57 SECTION 3.09. Taxes 57 SECTION 3.10. ERISA 57 SECTION 3.11. Disclosure 57 SECTION 3.12. Federal Reserve Regulations 57 SECTION 3.13. Liens 57 SECTION 3.14. No Default 57 SECTION 3.15. No Burdensome Restrictions 58 SECTION 3.16. Solvency 58 SECTION 3.17. Insurance 58 SECTION 3.18. Security Interest in Collateral 58 SECTION 3.19. Anti-Corruption Laws and Sanctions 58 SECTION 3.20. EEA Financial Institutions 58 ARTICLE IV Conditions 58 SECTION 4.01. Effective Date 58 SECTION 4.02. Each Credit Event 59
Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 57 SECTION 2.19. Mitigation Obligations; Replacement of Lenders 59 SECTION 2.20. Expansion Option 59 SECTION 2.21. Judgment Currency 61 SECTION 2.22. Defaulting Lenders 62 ARTICLE III Representations and Warranties 63 SECTION 3.01. Existence, Qualification and Power 63 SECTION 3.02. Authorization; No Contravention 64 SECTION 3.03. Governmental Authorization; Other Consents 64 SECTION 3.04. Binding Effect 64 SECTION 3.05. Financial Statements; No Material Adverse Effect 64 SECTION 3.06. Litigation 65 SECTION 3.07. No Default 65 SECTION 3.08. Ownership of Property; Liens 65 SECTION 3.09. Environmental Compliance 65 SECTION 3.10. Insurance 66 SECTION 3.11. Taxes 66
