Conditions of Closing and Borrowing Clause Samples

Conditions of Closing and Borrowing. Section 5.1 Conditions to Closing 69 Section 5.2 Conditions to All Extensions of Credit 72 Section 5.3 Initial Extension of Credit to Each New Foreign Subsidiary Borrower 73

Conditions of Closing and Borrowing. 37 SECTION 5.1 Closing.................................................................................... 37 SECTION 5.2 Conditions to Closing and Initial Extensions of Credit..................................... 37 SECTION 5.3 Conditions to All Extensions of Credit..................................................... 40

Conditions of Closing and Borrowing. Section 5.1 Section 5.2 Conditions to Closing and Initial Extensions of Credit Conditions to All Extensions of Credit

Conditions of Closing and Borrowing. SECTION 4.1 Conditions to Closing and Initial Extensions of Credit

Conditions of Closing and Borrowing. 97 SECTION 6.1 Conditions to Closing and Initial Extensions of Credit 97 SECTION 6.2 Conditions to All Extensions of Credit 101 146960219_6 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 102 SECTION 7.1 Organization; Power; Qualification 102 SECTION 7.2 Ownership 102 SECTION 7.3 Authorization; Enforceability 102 SECTION 7.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 103 SECTION 7.5 Compliance with Law; Governmental Approvals 103 SECTION 7.6 Tax Returns and Payments 103 SECTION 7.7 Intellectual Property Matters 104 SECTION 7.8 Environmental Matters 104 SECTION 7.9 Employee Benefit Matters 105 SECTION 7.10 Margin Stock 106 SECTION 7.11 Government Regulation 106 SECTION 7.12 [Intentionally Omitted] 106 SECTION 7.13 Employee Relations 106 SECTION 7.14 Burdensome Provisions 107 SECTION 7.15 Financial Statements 107 SECTION 7.16 No Material Adverse Change 107 SECTION 7.17 Solvency 107 SECTION 7.18 Title to Properties 107 SECTION 7.19 Litigation 107 SECTION 7.20 Anti-Corruption Laws and Sanctions 107 SECTION 7.21 Absence of Defaults 108 SECTION 7.22 Senior Indebtedness Status 108 SECTION 7.23 Disclosure 108 SECTION 7.24 Insurance 109 ARTICLE VIII AFFIRMATIVE COVENANTS 109 SECTION 8.1 Financial Statements and Budgets 109 SECTION 8.2 Certificates; Other Reports 110 SECTION 8.3 Notice of Litigation and Other Matters 111 SECTION 8.4 Preservation of Corporate Existence and Related Matters 112 146960219_6 SECTION 8.5 Maintenance of Property and Licenses 113 SECTION 8.6 Insurance 113 SECTION 8.7 Accounting Methods and Financial Records 113 SECTION 8.8 Payment of Taxes and Other Obligations 113 SECTION 8.9 Compliance with Laws and Approvals 113 SECTION 8.10 Environmental Laws 113 SECTION 8.11 Compliance with ERISA and Canadian Pension Laws 114 SECTION 8.12 Maintenance of Debt Ratings 114 SECTION 8.13 Visits and Inspections 114 SECTION 8.14 Additional Subsidiaries and Collateral 115 SECTION 8.15 Use of Proceeds 116 SECTION 8.16 Corporate Governance 117 SECTION 8.17 Further Assurances 117

Conditions of Closing and Borrowing. 22 SECTION 4.1. Closing............................................. 22 SECTION 4.2. Conditions to Closing and Initial Loan.............. 22

Conditions of Closing and Borrowing. 31 Section 4.1 Conditions to Closing and Initial Loans 31 Section 4.2 Conditions to All Loans 33 ARTICLE V REPRESENTATIONS AND WARRANTIES 33 Section 5.1 Corporate Existence and Power 33 Section 5.2 Corporate Authorization; No Contravention 34 Section 5.3 Governmental Authorization 34 Section 5.4 Binding Effect 34 Section 5.5 Litigation 34 Section 5.6 No Default 35 Section 5.7 ERISA Compliance 35 Section 5.8 Use of Proceeds; Margin Regulations 35 Section 5.9 Title to Properties 35 Section 5.10 Taxes 36 Section 5.11 Financial Condition 36 Section 5.12 Environmental Matters 36 Section 5.13 Regulated Entities 36 Section 5.14 No Burdensome Restrictions 37 Section 5.15 Subsidiaries 37 Section 5.16 Insurance 37 Section 5.17 Full Disclosure 37 ARTICLE VI AFFIRMATIVE COVENANTS 38 Section 6.1 Financial Statements 38 Section 6.2 Certificates; Other Information 38 Section 6.3 Notices 39 Section 6.4 Preservation of Corporate Existence, Etc 40 Section 6.5 Maintenance of Property 41 Section 6.6 Insurance 41 Section 6.7 Payment of Obligations 41 Section 6.8 Compliance with Laws 41 Section 6.9 Compliance with ERISA 42 Section 6.10 Inspection of Property and Books and Records 42 Section 6.11 Environmental Laws 42 Section 6.12 Use of Proceeds 42 Section 6.13 OFAC, PATRIOT Act Compliance 42 ARTICLE VII NEGATIVE COVENANTS 42 Section 7.1 Limitation on Liens 42 Section 7.2 Disposition of Assets 44 Section 7.3 Consolidations and Mergers 44 Section 7.4 Loans and Investments 44 Section 7.5 Limitation on Subsidiary Debt 45 Section 7.6 Transactions with Affiliates 45 Section 7.7 Use of Proceeds 45 Section 7.8 ERISA 46 Section 7.9 Change in Business 46 Section 7.10 Restriction on Subsidiary Dividends 46

Conditions of Closing and Borrowing. Closing......................................................31 Section 5.2 Conditions to Closing and Initial Extensions of Credit....

Conditions of Closing and Borrowing. 33 Section 5.1. Closing...........................................................................33 Section 5.2. Conditions to Closing and Initial Extensions of Credit............................33