REPRESENTATIONS AND WARRANTIES 76. 6.01 Corporate Existence and Power 76 6.02 Corporate Authorization; No Contravention 77 6.03 Governmental Authorization 77 6.04 Binding Effect 77 6.05 Litigation 77 6.06 No Default 78 6.07 ERISA Compliance 78 6.08 Use of Proceeds; Margin Regulations 79 6.09 Title to Properties 79 6.10 Taxes 79 6.11 Financial Condition 80 6.12 Environmental Matters 80 6.13 Regulated Entities 80 6.14 No Burdensome Restrictions; No Restrictions on Subsidiary Dividends 81 6.15 Copyrights, Patents, Trademarks and Licenses, etc. 81 6.16 Subsidiaries 81 6.17 Insurance 81 6.18 Swap Obligations 82 6.19 Credit Limit for Subsidiary Borrowers 82 6.20 Full Disclosure 82 ARTICLE VII AFFIRMATIVE COVENANTS 82 7.01 Financial Statements 83 7.02 Certificates; Other Information 84 7.03 Notices 84 7.04 Preservation of Corporate Existence, Etc 85 7.05 Maintenance of Property 86 7.06 Insurance 86 7.07 Payment of Obligations 86 7.08 Compliance with Laws 87 7.09 Compliance with ERISA 87 7.10 Inspection of Property and Books and Records 87 7.11 Environmental Laws 87 7.12 Use of Proceeds 88 7.13 Internal Controls 88 7.14 New Material Subsidiaries 88 ARTICLE VIII NEGATIVE COVENANTS 89 8.01 Limitation on Liens 89 8.02 Disposition of Assets 91 8.03 Consolidations and Mergers 91 8.04 Loans and Investments 93 8.05 Limitation on Subsidiary Indebtedness 94 8.06 Transactions with Affiliates 94 8.07 Use of Proceeds 94 8.08 Contingent Obligations 95 8.09 Joint Ventures 96 8.10 ERISA 96 8.11 Change in Business 96 8.12 Accounting Changes 96 8.13 Minimum Consolidated Net Worth 96 8.14 Fixed Charge Coverage Ratio 96 8.15 Leverage Ratio 97 8.16 No Restrictions on Subsidiary Dividends 97 ARTICLE IX EVENTS OF DEFAULT 97 9.01 Event of Default 97 9.02 Remedies 101 9.03 Rights Not Exclusive 102 ARTICLE X THE AGENT 102 10.01 Appointment and Authorization; "Agent" 102 10.02 Delegation of Duties 103 10.03 Liability of Agent 103 10.04 Reliance by Agent 104 10.05 Notice of Default 104 10.06 Credit Decision 105 10.07 Indemnification of Agent 105 10.08 Agent in Individual Capacity 106 10.09 Successor Agent 106 10.10 Withholding Tax 107 10.11 Co-Agents 109 ARTICLE XI MISCELLANEOUS 109 11.01 Amendments and Waivers 109 11.02 Notices 111 11.03 No Waiver; Cumulative Remedies 112 11.04 Costs and Expenses 112 11.05 Company Indemnification 112 11.06 Payments Set Aside 113 11.07 Successors and Assigns 114 11.08 Assignments, Participations, etc. 114 11.09 Confidentiality 116 11.10 Set-off 117 11.11 Automatic Debits of Fees 118 11.12 Included Subsidiaries 118 11.13 Notification of Addresses, Lending Offices, Etc. 118 11.14 Counterparts 118 11.15 Severability 119 11.16 No Third Parties Benefited 119 11.17 Governing Law and Jurisdiction 119 11.18 Waiver of Jury Trial 119 11.19 Judgment 120 11.20 Oregon Legal Notice 120 11.21 Entire Agreement 121 CREDIT AGREEMENT This CREDIT AGREEMENT is entered into as of July 31, 1996, among Precision Castparts Corp., an Oregon corporation (the "Company"), AETC Limited, a corporation organized under the laws of the United Kingdom, the other "Subsidiary Borrowers" from time to time party hereto, the several financial institutions from time to time party to this Agreement (collectively, the "Banks"; individually, a "Bank") and Bank of America National Trust and Savings Association, as letter of credit issuing bank and as agent for the Banks.
Appears in 2 contracts
Samples: Credit Agreement (Precision Castparts Corp), Credit Agreement (Precision Castparts Corp)
REPRESENTATIONS AND WARRANTIES 76. 6.01 Corporate Existence Section 9.1. Representations and Power Warranties of the City 76 6.02 Corporate Authorization; No Contravention 77 6.03 Governmental Authorization 77 6.04 Binding Effect 77 6.05 Litigation 77 6.06 No Default 78 6.07 ERISA Compliance 78 6.08 Use Section 9.2. Representations and Warranties of Proceeds; Margin Regulations the Concessionaire 79 6.09 Title to Properties 79 6.10 Taxes 79 6.11 Financial Condition Section 9.3. Non-Waiver 80 6.12 Environmental Matters Section 9.4. Survival 80 6.13 Regulated Entities 80 6.14 No Burdensome Restrictions; No Restrictions on Subsidiary Dividends ARTICLE 10 FINANCE OBLIGATIONS 81 6.15 Copyrights, Patents, Trademarks and Licenses, etcSection 10.1. Concessionaire’s Obligations 81 6.16 Subsidiaries Section 10.2. City’s Obligations 81 6.17 Insurance 81 6.18 Swap Obligations Section 10.3. Concessionaire’s Obligation for Estoppel Certificates 82 6.19 Credit Limit for Subsidiary Borrowers 82 6.20 Full Disclosure Section 10.4. Prohibited Tax Shelter Transactions 82 ARTICLE VII AFFIRMATIVE COVENANTS 11 COMPLIANCE WITH LAWS 82 7.01 Financial Statements 83 7.02 Certificates; Other Information 84 7.03 Notices 84 7.04 Preservation of Corporate Existence, Etc 85 7.05 Maintenance of Property 86 7.06 Insurance 86 7.07 Payment of Obligations 86 7.08 Section 11.1. Compliance with Laws 87 7.09 82 Section 11.2. Non-Discrimination 82 Section 11.3. Non-Collusion, Bribery of a Public Officer or Employee 84 Section 11.4. Cooperation with City Inspector General 84 Section 11.5. Ethics and Conflict of Interest Requirements 85 Section 11.6. Prevailing Wage 85 Section 11.7. Living Wage 85 Section 11.8. MBE/WBE, Affirmative Action and City Resident Requirements 85 Section 11.9. XxxXxxxx Principles 88 Section 11.10. Executive Order 2005-1 88 Section 11.11. Cooperation with City Office of Compliance with ERISA 87 7.10 Inspection of Property and Books and Records 87 7.11 Environmental Laws 87 7.12 Use of Proceeds 88 7.13 Internal Controls 88 7.14 New Material Subsidiaries Section 11.12. City License Requirements 88 ARTICLE VIII NEGATIVE COVENANTS 12 INDEMNIFICATION 89 8.01 Section 12.1. Indemnification by the Concessionaire 89 Section 12.2. Indemnification by the City 89 Section 12.3. Agency for Representatives 89 Section 12.4. Third Party Claims 90 Section 12.5. Direct Claims 91 Section 12.6. Failure to Give Timely Notice 91 Section 12.7. Reductions and Subrogation 91 Section 12.8. Payment and Interest 91 Section 12.9. Limitation on Liens 89 8.02 Disposition Certain Claims 91 Section 12.10. Other Matters 92 Section 12.11. Offset Rights; Limitations on Certain Damages 92 Section 12.12. Survival 92 ARTICLE 13 INSURANCE 92 Section 13.1. Insurance Coverage Required 92 Section 13.2. Additional Requirements 94 Section 13.3. Damage and Destruction 96 ARTICLE 14 ADVERSE ACTIONS 99 Section 14.1. Adverse Action 99 Section 14.2. Termination 101 Section 14.3. Reserved Powers Adverse Actions 102 Section 14.4. Right of Assets 91 8.03 Consolidations and Mergers 91 8.04 Loans and Investments 93 8.05 Limitation on Subsidiary Indebtedness 94 8.06 Transactions with Affiliates 94 8.07 Use City to Remedy 104 Section 14.5. Other Actions by Governmental Authorities 104 ARTICLE 15 DELAY EVENTS AND CONCESSION COMPENSATION 105 Section 15.1. Delay Events 105 Section 15.2. Relationship to Compensation Event 106 Section 15.3. Payment of Proceeds 94 8.08 Contingent Obligations 95 8.09 Joint Ventures 96 8.10 ERISA 96 8.11 Change in Business 96 8.12 Accounting Changes 96 8.13 Minimum Consolidated Net Worth 96 8.14 Fixed Charge Coverage Ratio 96 8.15 Leverage Ratio 97 8.16 No Restrictions on Subsidiary Dividends 97 ARTICLE IX EVENTS OF DEFAULT 97 9.01 Event of Default 97 9.02 Remedies 101 9.03 Rights Not Exclusive 102 ARTICLE X THE AGENT 102
10.01 Appointment and Authorization; "Agent" 102 10.02 Delegation of Duties 103 10.03 Liability of Agent 103 10.04 Reliance by Agent 104 10.05 Notice of Default 104 10.06 Credit Decision 105 10.07 Indemnification of Agent 105 10.08 Agent in Individual Capacity 106 10.09 Successor Agent 106 10.10 Withholding Tax 107 10.11 Co-Agents 109 ARTICLE XI MISCELLANEOUS 109
11.01 Amendments and Waivers 109 11.02 Notices 111 11.03 No Waiver; Cumulative Remedies 112 11.04 Costs and Expenses 112 11.05 Company Indemnification 112 11.06 Payments Set Aside 113 11.07 Successors and Assigns 114 11.08 Assignments, Participations, etc. 114 11.09 Confidentiality 116 11.10 Set-off 117 11.11 Automatic Debits of Fees 118 11.12 Included Subsidiaries 118 11.13 Notification of Addresses, Lending Offices, Etc. 118 11.14 Counterparts 118 11.15 Severability 119 11.16 No Third Parties Benefited 119 11.17 Governing Law and Jurisdiction 119 11.18 Waiver of Jury Trial 119 11.19 Judgment 120 11.20 Oregon Legal Notice 120 11.21 Entire Agreement 121 CREDIT AGREEMENT This CREDIT AGREEMENT is entered into as of July 31, 1996, among Precision Castparts Corp., an Oregon corporation (the "Company"), AETC Limited, a corporation organized under the laws of the United Kingdom, the other "Subsidiary Borrowers" from time to time party hereto, the several financial institutions from time to time party to this Agreement (collectively, the "Banks"; individually, a "Bank") and Bank of America National Trust and Savings Association, as letter of credit issuing bank and as agent for the Banks.Concession Compensation 106
Appears in 2 contracts
Samples: Chicago Metered Parking System Concession Agreement, Concession Agreement
REPRESENTATIONS AND WARRANTIES 76. 6.01 Corporate Existence and Power 76 6.02 Corporate Authorization; No Contravention 77 6.03 Governmental Authorization 77 6.04 Binding Effect 77 6.05 Litigation 77 6.06 No Default 78 6.07 ERISA Compliance 78 6.08 Use of Proceeds; Margin Regulations 79 6.09 Title to Properties 79 6.10 Taxes 79 6.11 Financial Condition 80 6.12 Environmental Matters 80 6.13 Regulated Entities 80 6.14 No Burdensome Restrictions; No Restrictions on Subsidiary Dividends 81 6.15 Copyrights, Patents, Trademarks and Licenses, etc. 81 6.16 Subsidiaries 81 6.17 Insurance 81 6.18 Swap Obligations 82 6.19 Credit Limit for Subsidiary Borrowers 82 6.20 Full Disclosure 82 ARTICLE VII AFFIRMATIVE COVENANTS 82 7.01 Financial Statements 83 7.02 Certificates; Other Information 84 7.03 Notices 84 7.04 Preservation of Corporate Existence, Etc 85 7.05 Maintenance of Property 86 7.06 Insurance 86 7.07 Payment of Obligations 86 7.08 Compliance with Laws 87 7.09 Compliance with ERISA 87 7.10 Inspection of Property and Books and Records 87 7.11 Environmental Laws 87 7.12 Use of Proceeds 88 7.13 Internal Controls 88 7.14 New Material Subsidiaries 88 ARTICLE VIII NEGATIVE COVENANTS 89 8.01 Limitation on Liens 89 8.02 Disposition of Assets 91 8.03 Consolidations and Mergers 91 8.04 Loans and Investments 93 8.05 Limitation on Subsidiary Indebtedness 94 8.06 Transactions with Affiliates 94 8.07 Use of Proceeds 94 8.08 Contingent Obligations 95 8.09 Joint Ventures 96 8.10 ERISA 96 8.11 Change in Business 96 8.12 Accounting Changes 96 8.13 Minimum Consolidated Net Worth 96 8.14 Fixed Charge Coverage Ratio 96 8.15 Leverage Ratio 97 8.16 No Restrictions on Subsidiary Dividends 97 ARTICLE IX EVENTS OF DEFAULT 97 9.01 Event of Default 97 9.02 Remedies 101 9.03 Rights Not Exclusive 102 ARTICLE X THE AGENT 102
10.01 Appointment and Authorization; "Agent" 102 10.02 Delegation of Duties 103 10.03 Liability of Agent 103 10.04 Reliance by Agent 104 10.05 Notice of Default 104 10.06 Credit Decision 105 10.07 Indemnification of Agent 105 10.08 Agent in Individual Capacity 106 10.09 Successor Agent 106 10.10 Withholding Tax 107 10.11 Co-Agents 109 ARTICLE XI MISCELLANEOUS 109
11.01 Amendments and Waivers 109 11.02 Notices 111 11.03 No Waiver; Cumulative Remedies 112 11.04 Costs and Expenses 112 11.05 Company Indemnification 112 11.06 Payments Set Aside 113 11.07 Successors and Assigns 114 11.08 Assignments, Participations, etc. 114 11.09 Confidentiality 116 11.10 Set-off 117 11.11 Automatic Debits of Fees 118 11.12 Included Subsidiaries 118 11.13 Notification of Addresses, Lending Offices, Etc. 118 11.14 Counterparts 118 11.15 Severability 119 11.16 No Third Parties Benefited 119 11.17 Governing Law and Jurisdiction 119 11.18 Waiver of Jury Trial 119 11.19 Judgment 120 11.20 Oregon Legal Notice 120 11.21 Entire Agreement 121 CREDIT AGREEMENT This CREDIT AGREEMENT is entered into as of July 31, 1996, among Precision Castparts Corp., an Oregon corporation (the "Company"), AETC Limited, a corporation organized under the laws of the United Kingdom, the other "Subsidiary Borrowers" from time to time party hereto, the several financial institutions from time to time party to this Agreement (collectively, the "Banks"; individually, a "Bank") and Bank of America National Trust and Savings Association, as letter of credit issuing bank and as agent for the Banks.
Appears in 1 contract
