REPRESENTATIONS AND WARRANTIES 5. Section 5.1. Mutual Representations and Warranties 5 Section 5.2. The Originator’s Additional Representations and Warranties 6 Section 5.3. Reaffirmation of Representations and Warranties by the Originator; Notice of Breach 10 Section 5.4. Repurchases 10 Section 6.1. Affirmative Covenants of the SPV 10 Section 6.2. Affirmative Covenants of the Originator 11 Section 6.3. Negative Covenants of the Originator 13 Section 7.1. Term 14 Section 7.2. Effect of Purchase Termination Date 15 Section 8.1. Indemnities by the Originator 15 Section 9.1. Waivers; Amendments 17 Section 9.2. Notices 17 Section 9.3. Governing Law 18 Section 9.4. Integration 18 Section 9.5. Severability of Provisions 18 Section 9.6. Counterparts; Facsimile Delivery 18 Section 9.7. Binding Effect; Assignment 18 Section 9.8. Costs, Expenses and Taxes 18 Section 9.9. No Proceedings; Limited Recourse 18 Section 9.10. Further Assurances 19 Exhibit A Assignment Agreement Exhibit B Form of Supplement for Substitute Receivables Schedule I Originator Information Schedule II Lockbox Banks and Lockbox Account Information Schedule 5.2 Perfection Representations, Warranties and Covenants SALE AGREEMENT This SALE AGREEMENT, dated as of March 31, 2010 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and between COMMERCIAL CREDIT GROUP INC., a Delaware corporation (the “Originator”) and CCG RECEIVABLES III, LLC, a Delaware limited liability company (the “SPV”). The parties hereto agree as follows:
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REPRESENTATIONS AND WARRANTIES 5. Section 2.1. Representations and Warranties of the City 5 Section 2.2. Representations and Warranties of the Developer 5 ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY 7 Section 3.1. Total Development Costs 7 Section 3.2. Reimbursement; Interfund Loan 7 Section 3.3. Agreement to Pay Tax Abatement Shortfall. 7 Section 3.4. Business Subsidy Act 9 Section 3.5. Developer to Pay City Fees and Expenses 10 Section 3.6. Compliance with Environmental Requirements 10 Section 3.7. Construction Plans 11 Section 3.8. Commencement and Completion of Construction 11 Section 3.9. Certificate of Completion 12 Section 3.10. Additional Responsibilities of the Developer 12 Section 3.11. Encumbrance of the Development Property 13 Section 3.12. Real Property Taxes 13 ARTICLE IV EVENTS OF DEFAULT 15 Section 4.1. Events of Default Defined 15 Section 4.2. Remedies on Default 15 Section 4.3. No Remedy Exclusive 16 Section 4.4. No Implied Waiver 16 Section 4.5. Indemnification of the City 16 Section 4.6. Reimbursement of Attorneys’ Fees 17 Section 4.7. Developer Remedies on Default 17 ARTICLE V ADDITIONAL PROVISIONS 18 Section 5.1. Mutual Representations and Warranties 5 Restrictions on Use 18 Section 5.2. The Originator’s Additional Representations and Warranties 6 Reports 18 Section 5.3. Reaffirmation of Representations Limitations on Transfer and Warranties by the Originator; Notice of Breach 10 Assignment 18 Section 5.4. Repurchases 10 Conflicts of Interest 19 Section 6.15.5. Affirmative Covenants Titles of Articles and Sections 19 Section 5.6. Notices and Demands 19 Section 5.7. No Additional Waiver Implied by One Waiver 20 Section 5.8. Counterparts 20 Section 5.9. Law Governing 20 Section 5.10. Term; Termination 20 Section 5.11. Provisions Surviving Rescission, Expiration or Termination 20 Section 5.12. Superseding Effect 20 Section 5.13. Relationship of Parties 20 Section 5.14. Venue 21 Section 5.15. Merger 21 EXHIBIT A DESCRIPTION OF DEVELOPMENT PROPERTY .......................................... A-1 EXHIBIT B SOURCES AND USES ........................................................................................B-1 EXHIBIT C CERTIFICATE OF COMPLETION OF PROJECT ............................................C-1 EXHIBIT D PREPAYMENT SCHEDULE ............................................................................. D-1 THIS AGREEMENT, made as of the SPV 10 Section 6.2. Affirmative Covenants day of April, 2017, the Originator 11 Section 6.3. Negative Covenants City of Chaska, Minnesota (the Originator 13 Section 7.1. Term 14 Section 7.2. Effect of Purchase Termination Date 15 Section 8.1. Indemnities by the Originator 15 Section 9.1. Waivers; Amendments 17 Section 9.2. Notices 17 Section 9.3. Governing Law 18 Section 9.4. Integration 18 Section 9.5. Severability of Provisions 18 Section 9.6. Counterparts; Facsimile Delivery 18 Section 9.7. Binding Effect; Assignment 18 Section 9.8. Costs, Expenses and Taxes 18 Section 9.9. No Proceedings; Limited Recourse 18 Section 9.10. Further Assurances 19 Exhibit A Assignment Agreement Exhibit B Form of Supplement for Substitute Receivables Schedule I Originator Information Schedule II Lockbox Banks and Lockbox Account Information Schedule 5.2 Perfection Representations, Warranties and Covenants SALE AGREEMENT This SALE AGREEMENT, dated as of March 31, 2010 (as amended, supplemented or otherwise modified and in effect from time to time, this “AgreementCity”), by a municipal corporation under the Constitution and between COMMERCIAL CREDIT GROUP INC.laws of the State of Minnesota, a Delaware corporation (the “Originator”) and CCG RECEIVABLES IIIMSP/Chaska Medical, LLC, a Delaware Minnesota limited liability company (the “SPVDeveloper”). The parties hereto agree as follows:,
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Samples: Tax Abatement Agreement
REPRESENTATIONS AND WARRANTIES 5. Section 5.1. Mutual Representations and Warranties 5 Section Corporate Existence; Conduct of Business 5.2. The Originator’s Additional Representations Authorization and Warranties 6 Section Validity 5.3. Reaffirmation Compliance with Laws and Contracts 5.4. Governmental Consents 5.5. Financial Statements 5.6. Material Adverse Change 5.7. Taxes 5.8. Litigation and Contingent Obligations 5.9. Subsidiaries 5.10. ERISA 5.11. Defaults 5.12. Federal Reserve Regulations 5.13. Investment Company Act 5.14. Certain Fees 5.15. Ownership of Properties 5.16. Collateral 5.17. Material Agreements 5.18. Insurance 5.19. Disclosure ARTICLE VI COVENANTS 6.1. Financial Reporting 6.2. Use of Proceeds 6.3. Notice of Default 6.4. Conduct of Business 6.5. Taxes 6.6. Insurance 6.7. Compliance with Laws 6.8. Maintenance of Properties 6.9. Inspection 6.10. Security Agreement 6.11. Merger 6.12. Sale of Assets 6.13. Investments and Purchases 6.14. Contingent Obligations 6.15. Liens 6.16. Affiliates 6.17. Change in Corporate Structure; Fiscal Year 6.18. Inconsistent Agreements 6.19. Financial Covenants 6.19.1 Minimum Tangible Net Worth 6.19.2. Net Capital Ratio 6.20. ERISA Compliance 6.21. Further Assurances ARTICLE VII DEFAULTS 7.1. Representation or Warranty 7.2. Non-Payment 7.3. Specific Defaults 7.4. Other Defaults 7.5. Cross-Default 7.6. Insolvency; Voluntary Proceedings 7.7. Involuntary Proceedings 7.8. Condemnation 7.9. Judgments 7.10. Security Agreement 7.11. SIPC 7.12. Conduct of Business 7.13. ERISA 7.14. Change in Control 7.15. Official Lien ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 8.1. Acceleration 8.2. Amendments 8.3. Preservation of Rights 8.4. Remedies ARTICLE IX GENERAL PROVISIONS 9.1. Survival of Representations and Warranties by the Originator; Notice of Breach 10 Section 5.4. Repurchases 10 Section 6.1. Affirmative Covenants of the SPV 10 Section 6.2. Affirmative Covenants of the Originator 11 Section 6.3. Negative Covenants of the Originator 13 Section 7.1. Term 14 Section 7.2. Effect of Purchase Termination Date 15 Section 8.1. Indemnities by the Originator 15 Section 9.1. Waivers; Amendments 17 Section 9.2. Notices 17 Section Governmental Regulation 9.3. Governing Law 18 Section Headings 9.4. Integration 18 Section Entire Agreement 9.5. Several Obligations; Benefits of this Agreement 9.6. Expenses; Indemnification 9.7. Numbers of Documents 9.8. Accounting 9.9. Severability of Provisions 18 Section 9.69.10 Nonliability of Lenders 9.11. CounterpartsCHOICE OF LAW 9.12. CONSENT TO JURISDICTION 9.13 WAIVER OF JURY TRIAL 9.14. Disclosure 9.15. Counterparts ARTICLE X THE AGENT 10.1. Appointment; Facsimile Delivery 18 Section 9.7Nature of Relationship 10.2. Binding Effect; Assignment 18 Section 9.8Powers 10.3. Costs, Expenses and Taxes 18 Section 9.9General Immunity 10.4. No ProceedingsResponsibility for Loans, Recitals, etc. 10.5. Action on Instructions of Lenders 10.6. Employment of Agents and Counsel 10.7. Reliance on Documents; Limited Recourse 18 Section 9.10Counsel 10.8. Further Assurances 19 Exhibit A Assignment Agreement Exhibit B Form Agent's Reimbursement and Indemnification 10.9. Notice of Supplement for Substitute Receivables Schedule I Originator Information Schedule II Lockbox Banks and Lockbox Account Information Schedule 5.2 Perfection Representations, Warranties and Covenants SALE AGREEMENT This SALE AGREEMENT, dated Default 10.10. Rights as a Lender 10.11. Lender Credit Decision 10.12. Successor Agent 10.13. Agent's Fees 10.14. Delegation to Affiliates 10.15. Execution of March 31, 2010 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and between COMMERCIAL CREDIT GROUP INCCollateral Documents 10.16. Collateral Releases ARTICLE XI SETOFF; RATABLE PAYMENTS 11.1. Setoff 11.2., a Delaware corporation (the “Originator”) and CCG RECEIVABLES III, LLC, a Delaware limited liability company (the “SPV”). The parties hereto agree as follows:
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REPRESENTATIONS AND WARRANTIES 5. Section 5.1. Mutual Representations and Warranties 5 Section 5.2. The Originator’s Additional Representations and Warranties 6 Section 5.3. Reaffirmation of Representations and Warranties by the Originator; Notice of Breach 10 Section 5.4. Repurchases 10 Section 6.1. Affirmative Covenants of the SPV 10 11 Section 6.2. Affirmative Covenants of the Originator 11 Section 6.3. Negative Covenants of the Originator 13 14 Section 7.1. Term 14 15 Section 7.2. Effect of Purchase Termination Date 15 Section 8.1. Indemnities by the Originator 15 16 Section 9.1. Waivers; Amendments 17 18 Section 9.2. Notices 17 18 Section 9.3. Governing Law 18 Section 9.4. Integration 18 Section 9.5. Severability of Provisions 18 Section 9.6. Counterparts; Facsimile Delivery 18 Section 9.7. Binding Effect; Assignment 18 Section 9.8. Costs, Expenses and Taxes 18 Section 9.9. No Proceedings; Limited Recourse 18 19 Section 9.10. Further Assurances 19 Exhibit A Assignment Agreement Exhibit B Form of Supplement for Substitute Receivables Schedule I Originator Information Schedule II Lockbox Banks and Lockbox Account Information Schedule 5.2 Perfection Representations, Warranties and Covenants SALE AGREEMENT This SALE AGREEMENT, dated as of March 31June 13, 2010 2011 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”), by and between COMMERCIAL CREDIT GROUP INC., a Delaware corporation (the “Originator”) and CCG RECEIVABLES IIIV, LLC, a Delaware limited liability company (the “SPV”). The parties hereto agree as follows:
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