Payments Generally; Pro Rata Treatment; Sharing of Set offs 76 SECTION 2.20. Mitigation Obligations; Replacement of Lenders 77 SECTION 2.21. Illegality 78 SECTION 2.22. Incremental Commitments 78 SECTION 2.23. Refinancing Term Loans 80 SECTION 2.24. [Reserved] 81 SECTION 2.25. Replacement Revolving Facility Commitments 81 ARTICLE III REPRESENTATIONS AND WARRANTIES SECTION 3.01. Organization; Powers 83 SECTION 3.02. Authorization 83 SECTION 3.03. Enforceability 83 SECTION 3.04. Governmental Approvals 83 Page SECTION 3.05. Financial Statements 84 SECTION 3.06. No Material Adverse Effect 84 SECTION 3.07. Title to Properties; Possession Under Leases 84 SECTION 3.08. Subsidiaries 84 SECTION 3.09. Litigation; Compliance with Laws 85 SECTION 3.10. Federal Reserve Regulations 85 SECTION 3.11. Investment Company Act 85 SECTION 3.12. Use of Proceeds 85 SECTION 3.13. Taxes 85 SECTION 3.14. No Material Misstatements 86 SECTION 3.15. Employee Benefit Plans 86 SECTION 3.16. Environmental Matters 87 SECTION 3.17. Security Documents 87 SECTION 3.18. Location of Real Property and Leased Premises 88 SECTION 3.19. Solvency 88 SECTION 3.20. Labor Matters 88 SECTION 3.21. No Default 89 SECTION 3.22. Intellectual Property; Licenses, Etc. 89 SECTION 3.23. Senior Debt 89 SECTION 3.24. Insurance 89 SECTION 3.25. Anti-Money Laundering 89 SECTION 3.26. Anti-Corruption and Sanctions 89 SECTION 3.27. EEA Financial Institutions 89 ARTICLE IV CONDITIONS OF LENDING SECTION 4.01. All Credit Events 90 SECTION 4.02. First Credit Event 90 ARTICLE V AFFIRMATIVE COVENANTS SECTION 5.01. Existence; Businesses and Properties 93 SECTION 5.02. Insurance 93 SECTION 5.03. Taxes 94 SECTION 5.04. Financial Statements, Reports, etc. 94 SECTION 5.05. Litigation and Other Notices 96 SECTION 5.06. Compliance with Laws 96 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 97 SECTION 5.08. Use of Proceeds 97 SECTION 5.09. Compliance with Environmental Laws 97 SECTION 5.10. Further Assurances; Additional Security 97 SECTION 5.11. Rating 100 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01. Indebtedness 100 SECTION 6.02. Liens 104 SECTION 6.03. Sale and Lease-Back Transactions 108 SECTION 6.04. Investments, Loans and Advances 108 Page SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions 112 SECTION 6.06. Restricted Payments 114 SECTION 6.07. Transactions with Affiliates 116 SECTION 6.08. Business of Holdings, the Borrower and the Subsidiaries 118 SECTION 6.09. Limitation on Payments and Modifications of Indebtedness; Modifications...
Payments Generally; Pro Rata Treatment; Sharing of Set offs. (a) The Borrower shall make each payment required to be made by it ----- hereunder or under any other Loan Document (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, except payments to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments under each Loan Document shall be made in dollars.
Payments Generally; Pro Rata Treatment; Sharing of Set offs 8387 SECTION 2.16. Mitigation Obligations; Replacement of Lenders 8589 SECTION 2.17. Illegality 8690 SECTION 2.18. Incremental Facilities 8791 SECTION 2.19. Other Term Loans 9195 SECTION 2.20. Extensions of Term Loans 9196 SECTION 2.21. Repricing Event 9397 ARTICLE III Representations and Warranties SECTION 3.01. Organization; Powers 9498 SECTION 3.02. Authorization 9498 SECTION 3.03. Enforceability 9599 SECTION 3.04. Governmental Approvals 95 99 SECTION 3.05. Title to Properties; Possession Under Leases 96100 SECTION 3.06. Subsidiaries 96100 SECTION 3.07. Litigation; Compliance with Laws 96101 SECTION 3.08. Federal Reserve Regulations 97101 SECTION 3.09. Investment Company Act 97101 SECTION 3.10. Use of Proceeds 97102 SECTION 3.11. Tax Returns 97102 SECTION 3.12. No Material Misstatements 98102 SECTION 3.13. Environmental Matters 98103 SECTION 3.14. Security Documents 99104 SECTION 3.15. Location of Real Property and Leased Premises 100104 SECTION 3.16. Solvency 100105 SECTION 3.17. No Material Adverse Effect 100105 SECTION 3.18. Insurance 100105
Payments Generally; Pro Rata Treatment; Sharing of Set. (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest or fees, or of amounts payable under Sections 2.12, 2.13 or 2.14, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its Principal Office and except that payments pursuant to Sections 2.12, 2.13 or 2.14 and Section 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment or performance hereunder shall be due on a day that is not a Business Day, the date for payment or performance shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars.
Payments Generally; Pro Rata Treatment; Sharing of Set offs 7275 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 7477 SECTION 2.19. Refinancing Amendments 7577
Payments Generally; Pro Rata Treatment; Sharing of Set offs Section 2.22. Letters of Credit 35 Section 2.23. Mitigation of Obligations
Payments Generally; Pro Rata Treatment; Sharing of Set offs Section 2.22. [Intentionally Omitted] Section 2.23. Increase of Commitments; Additional Lenders Section 2.24. Mitigation of Obligations
Payments Generally; Pro Rata Treatment; Sharing of Set offs 72 Section 2.21. Mitigation Obligations; Replacement of Lenders 73 Section 2.22. Change in Law 74 Section 2.23. Foreign Subsidiary Borrowers 75 ARTICLE III REPRESENTATIONS AND WARRANTIES 76 Section 3.1. Organization; Powers 76 Section 3.2. Authorization; Enforceability 76 Section 3.3. Governmental Approvals; No Conflicts 76 Section 3.4. Financial Condition; No Material Adverse Change 77 Section 3.5. Properties 77 Section 3.6. Litigation and Environmental Matters 77 Section 3.7. Compliance with Laws and Agreements 78 Section 3.8. Investment Company Status 78 Section 3.9. Taxes 78 Section 3.10. ERISA 78 Section 3.11. Disclosure 78 Section 3.12. Subsidiaries 79 Section 3.13. Labor Matters 79 Section 3.14. Solvency 79 Section 3.15. Senior Indebtedness 79 Section 3.16. Security Documents 79 ARTICLE IV CONDITIONS 80 Section 4.1. Effective Date 80 Section 4.2. Each Credit Event 81
Payments Generally; Pro Rata Treatment; Sharing of Set offs 29 SECTION 2.16. Mitigation Obligations; Replacement of Lenders 30
Payments Generally; Pro Rata Treatment; Sharing of Set offs 37 Section 4.02. Presumption of Payment by the Borrower 38 Section 4.03. Certain Deductions by the Administrative Agent 38 Section 4.04. Disposition of Proceeds 39 ARTICLE V INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY Section 5.01. Increased Costs 39 Section 5.02. Break Funding Payments 40 Section 5.03. Taxes 40 Section 5.04. Mitigation Obligations; Replacement of Lenders 45 Section 5.05. Illegality 46 ARTICLE VI CONDITIONS PRECEDENT Section 6.01. Effective Date 46 Section 6.02. Additional Conditions 51 ARTICLE VII
