Common use of Conditions of Closing and Borrowing Clause in Contracts

Conditions of Closing and Borrowing. 28 SECTION 4.1 Conditions to Closing and Initial Extensions of Credit 28 SECTION 4.2 Conditions to All Extensions of Credit 29 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 30 SECTION 5.1 Organization; Power; Qualification 30 SECTION 5.2 Ownership 30 SECTION 5.3 Authorization; Enforceability 30 SECTION 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 30 SECTION 5.5 Compliance with Law; Governmental Approvals 31 SECTION 5.6 Taxes 31 SECTION 5.7 Intellectual Property Matters 31 SECTION 5.8 Environmental Matters 31 SECTION 5.9 Employee Benefit Matters 31 SECTION 5.10 Margin Stock 31 SECTION 5.11 Investment Company Act, Etc 32 SECTION 5.12 Employee Relations 32 SECTION 5.13 Financial Statements 32 SECTION 5.14 No Material Adverse Effect 32 SECTION 5.15 Solvency 32 SECTION 5.16 Title to Properties 32 SECTION 5.17 Litigation 32 SECTION 5.18 Sanctions; Anti-Corruption Laws and Anti-Money Laundering Laws 32 SECTION 5.19 Absence of Defaults 33 SECTION 5.20 Disclosure 33 ARTICLE VI AFFIRMATIVE COVENANTS 33 SECTION 6.1 Financial Statements and Budgets 33 SECTION 6.2 Certificates; Other Reports 34 SECTION 6.3 Notice of Litigation and Other Matters 35 SECTION 6.4 Preservation of Corporate Existence and Related Matters 36 SECTION 6.5 Maintenance of Properties 36 SECTION 6.6 Insurance 36 SECTION 6.7 Payment of Taxes 36 SECTION 6.8 Compliance with Laws and Approvals 36 SECTION 6.9 Compliance with Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions 36

Conditions of Closing and Borrowing. 28 97 SECTION 4.1 6.1 Conditions to Closing and Initial Extensions of Credit 28 97 SECTION 4.2 6.2 Conditions to All Extensions of Credit 29 101 146960219_6 ARTICLE V VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 30 102 SECTION 5.1 7.1 Organization; Power; Qualification 30 102 SECTION 5.2 7.2 Ownership 30 102 SECTION 5.3 7.3 Authorization; Enforceability 30 102 SECTION 5.4 7.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 30 103 SECTION 5.5 7.5 Compliance with Law; Governmental Approvals 31 103 SECTION 5.6 Taxes 31 7.6 Tax Returns and Payments 103 SECTION 5.7 7.7 Intellectual Property Matters 31 104 SECTION 5.8 7.8 Environmental Matters 31 104 SECTION 5.9 7.9 Employee Benefit Matters 31 105 SECTION 5.10 7.10 Margin Stock 31 106 SECTION 5.11 Investment Company Act, Etc 32 7.11 Government Regulation 106 SECTION 5.12 7.12 [Intentionally Omitted] 106 SECTION 7.13 Employee Relations 32 106 SECTION 5.13 7.14 Burdensome Provisions 107 SECTION 7.15 Financial Statements 32 107 SECTION 5.14 7.16 No Material Adverse Effect 32 Change 107 SECTION 5.15 7.17 Solvency 32 107 SECTION 5.16 7.18 Title to Properties 32 107 SECTION 5.17 7.19 Litigation 32 107 SECTION 5.18 Sanctions; 7.20 Anti-Corruption Laws and Anti-Money Laundering Laws 32 Sanctions 107 SECTION 5.19 7.21 Absence of Defaults 33 108 SECTION 5.20 7.22 Senior Indebtedness Status 108 SECTION 7.23 Disclosure 33 108 SECTION 7.24 Insurance 109 ARTICLE VI VIII AFFIRMATIVE COVENANTS 33 109 SECTION 6.1 8.1 Financial Statements and Budgets 33 109 SECTION 6.2 8.2 Certificates; Other Reports 34 110 SECTION 6.3 8.3 Notice of Litigation and Other Matters 35 111 SECTION 6.4 8.4 Preservation of Corporate Existence and Related Matters 36 112 146960219_6 SECTION 6.5 8.5 Maintenance of Properties 36 Property and Licenses 113 SECTION 6.6 8.6 Insurance 36 113 SECTION 6.7 8.7 Accounting Methods and Financial Records 113 SECTION 8.8 Payment of Taxes 36 and Other Obligations 113 SECTION 6.8 8.9 Compliance with Laws and Approvals 36 113 SECTION 6.9 8.10 Environmental Laws 113 SECTION 8.11 Compliance with Anti-Corruption Laws; Anti-Money Laundering ERISA and Canadian Pension Laws 114 SECTION 8.12 Maintenance of Debt Ratings 114 SECTION 8.13 Visits and Sanctions 36Inspections 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. 28 SECTION 31 Section 4.1 Conditions to Closing and Initial Extensions of Credit 28 SECTION Loans 31 Section 4.2 Conditions to All Extensions of Credit 29 Loans 33 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 30 SECTION 33 Section 5.1 Organization; Power; Qualification 30 SECTION Corporate Existence and Power 33 Section 5.2 Ownership 30 SECTION 5.3 Corporate Authorization; Enforceability 30 SECTION 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 Agreement, Loan Documents and Borrowing with Laws, Etc 30 SECTION 5.5 Compliance with LawProceeds; Governmental Approvals 31 SECTION 5.6 Taxes 31 SECTION 5.7 Intellectual Property Matters 31 SECTION 5.8 Environmental Matters 31 SECTION Margin Regulations 35 Section 5.9 Employee Benefit Matters 31 SECTION 5.10 Margin Stock 31 SECTION 5.11 Investment Company Act, Etc 32 SECTION 5.12 Employee Relations 32 SECTION 5.13 Financial Statements 32 SECTION 5.14 No Material Adverse Effect 32 SECTION 5.15 Solvency 32 SECTION 5.16 Title to Properties 32 SECTION 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 Litigation 32 SECTION 5.18 Sanctions; Anti-Corruption Laws and Anti-Money Laundering Laws 32 SECTION 5.19 Absence of Defaults 33 SECTION 5.20 Full Disclosure 33 37 ARTICLE VI AFFIRMATIVE COVENANTS 33 SECTION 38 Section 6.1 Financial Statements and Budgets 33 SECTION 38 Section 6.2 Certificates; Other Reports 34 SECTION Information 38 Section 6.3 Notice of Litigation and Other Matters 35 SECTION Notices 39 Section 6.4 Preservation of Corporate Existence and Related Matters 36 SECTION Existence, Etc 40 Section 6.5 Maintenance of Properties 36 SECTION Property 41 Section 6.6 Insurance 36 SECTION 41 Section 6.7 Payment of Taxes 36 SECTION Obligations 41 Section 6.8 Compliance with Laws and Approvals 36 SECTION 41 Section 6.9 Compliance with Anti-Corruption Laws; Anti-Money Laundering 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 Sanctions 36Mergers 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. 28 SECTION 4.1 Conditions to Closing and Initial Extensions of Credit 28 48 SECTION 4.2 5.2 Conditions to All Extensions of Credit 29 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 30 52 SECTION 5.1 Organization; Power; Qualification 30 6.1 Corporate Existence 53 SECTION 5.2 6.2 Ownership 30 53 SECTION 5.3 Authorization; Enforceability 30 6.3 Authority 53 SECTION 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 30 6.4 No Breach 53 SECTION 5.5 6.5 Approvals 53 SECTION 6.6 Compliance with Law; Governmental Approvals 31 Laws 53 SECTION 5.6 Taxes 31 6.7 Tax Returns and Payments 54 SECTION 5.7 6.8 Intellectual Property Matters 31 54 SECTION 5.8 6.9 Environmental Matters 31 54 SECTION 5.9 6.10 Employee Benefit Matters 31 55 SECTION 5.10 6.11 Margin Stock 31 56 SECTION 5.11 Investment Company Act, Etc 32 6.12 Government Regulation 56 SECTION 5.12 6.13 Material Agreements 56 SECTION 6.14 Employee Relations 32 57 SECTION 5.13 6.15 Burdensome Provisions 57 SECTION 6.16 Financial Statements 32 57 SECTION 5.14 6.17 No Material Adverse Effect 32 Change 58 SECTION 5.15 6.18 Solvency 32 58 SECTION 5.16 Title 6.19 Titles to Properties 32 58 SECTION 5.17 6.20 Insurance 58 SECTION 6.21 Liens 59 SECTION 6.22 Litigation 32 59 SECTION 5.18 Sanctions; Anti-Corruption Laws 6.23 Senior Indebtedness Status 59 SECTION 6.24 OFAC 59 SECTION 6.25 Investment Bankers’ and Anti-Money Laundering Laws 32 Similar Fees 59 SECTION 5.19 Absence 6.26 Operation of Defaults 33 the Pipelines 59 SECTION 5.20 6.27 Capitalization of General Partner and Subsidiaries 59 SECTION 6.28 Location of Business and Offices 59 SECTION 6.29 Hedging Agreements 60 SECTION 6.30 Imbalances 60 SECTION 6.31 Relationship of Credit Parties 60 SECTION 6.32 Security Documents 60 SECTION 6.33 Disclosure 33 ARTICLE VI AFFIRMATIVE COVENANTS 33 60 SECTION 6.1 Financial Statements 6.34 No Casualty Event 60 SECTION 7.1 Reporting Requirements 61 SECTION 7.2 Litigation 63 SECTION 7.3 Maintenance, Etc. 64 SECTION 7.4 Environmental Matters 65 SECTION 7.5 Further Assurances 65 SECTION 7.6 Performance of Obligations 66 SECTION 7.7 Title Curative 66 SECTION 7.8 Additional Collateral 66 SECTION 7.9 Corporate Identity 69 SECTION 7.10 ERISA Information and Budgets 33 Compliance 70 SECTION 6.2 Certificates; Other Reports 34 7.11 Material Agreements 70 SECTION 6.3 Notice 7.12 Additional Guarantees and Security Documents 70 SECTION 7.13 Payment and Performance of Litigation and Other Matters 35 Obligations 71 SECTION 6.4 Preservation of Corporate Existence and Related Matters 36 SECTION 6.5 Maintenance of Properties 36 SECTION 6.6 Insurance 36 SECTION 6.7 Payment of Taxes 36 SECTION 6.8 7.14 Compliance with Laws and Approvals 36 71 SECTION 6.9 Compliance with Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions 367.15 Use of Proceeds 71 SECTION 7.16 Designation of Unrestricted Entities 71

Conditions of Closing and Borrowing. 28 32 SECTION 4.1 Conditions to Closing and Initial Extensions of Revolving Credit 28 Loan 32 SECTION 4.2 Conditions to All Extensions of Revolving Credit 29 Loans 34 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 30 BORROWER 35 SECTION 5.1 Organization; Power; Qualification 30 35 SECTION 5.2 Ownership 30 35 SECTION 5.3 Authorization; Authorization Enforceability 30 35 SECTION 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 30 35 SECTION 5.5 Compliance with Law; Governmental Approvals 31 36 SECTION 5.6 Taxes 31 Tax Returns and Payments 36 SECTION 5.7 Intellectual Property Matters 31 36 SECTION 5.8 Environmental Matters 31 Matters. 36 SECTION 5.9 Employee Benefit Matters 31 Matters. 37 SECTION 5.10 Margin Stock 31 38 SECTION 5.11 Investment Company Act, Etc 32 Government Regulation 38 SECTION 5.12 Material Contracts 38 SECTION 5.13 Employee Relations 32 39 SECTION 5.13 5.14 Burdensome Provisions 39 SECTION 5.15 Financial Statements 32 39 SECTION 5.14 5.16 No Material Adverse Effect 32 Change 39 SECTION 5.15 5.17 Solvency 32 39 SECTION 5.16 Title 5.18 Titles to Properties 32 SECTION 5.17 Litigation 32 SECTION 5.18 Sanctions; Anti-Corruption Laws and Anti-Money Laundering Laws 32 39 SECTION 5.19 Insurance 39 SECTION 5.20 Liens 40 SECTION 5.21 Indebtedness and Guaranty Obligations 40 SECTION 5.22 Litigation 40 SECTION 5.23 Absence of Defaults 33 40 SECTION 5.20 5.24 OFAC 40 SECTION 5.25 Investment Bankers' and Similar Fees 40 SECTION 5.26 Disclosure 33 40 ARTICLE VI AFFIRMATIVE COVENANTS 33 FINANCIAL INFORMATION AND NOTICES 41 SECTION 6.1 Financial Statements and Budgets 33 Statements. 41 SECTION 6.2 Certificates; Other Reports 34 Officer's Compliance Certificate 41 SECTION 6.3 Regulatory Reports. 41 SECTION 6.4 Other Reports. 42 SECTION 6.5 Notice of Litigation and Other Matters 35 42 SECTION 6.4 6.6 Accuracy of Information 44 ARTICLE VII AFFIRMATIVE COVENANTS 44 SECTION 7.1 Preservation of Corporate Existence and Related Matters 36 44 SECTION 6.5 7.2 Maintenance of Properties 36 Property and Licenses. 44 SECTION 6.6 7.3 Insurance 36 44 SECTION 6.7 7.4 Accounting Methods and Financial Records 45 SECTION 7.5 Payment of Taxes 36 and Other Obligations 45 SECTION 6.8 7.6 Compliance with With Laws and Approvals 36 45 SECTION 6.9 7.7 Environmental Laws 45 SECTION 7.8 Compliance with Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions 36ERISA 45 SECTION 7.9 Compliance with Agreements 46