Common use of Payments Generally; Allocations of Proceeds Clause in Contracts

Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 7980 Section 2.16 Mitigation Obligations; Replacement of Lenders 81 Section 2.17 Incremental Credit Extensions 8182 Section 2.18 Judgment Currency 8485 Section 2.19 Extensions of Loans and Commitments 85 Section 2.20 Loan Repurchases 8788 Section 2.21 Refinancing Amendment 89 Section 2.22 Illegality 90 Section 2.23 Defaulting Lenders 9091 ARTICLE III Representations and Warranties 91 Section 3.01 Organization; Powers; Subsidiaries 91 Section 3.02 Authorization; Enforceability 9192 Section 3.03 Governmental Approvals; No Conflicts 9192 Section 3.04 Financial Condition; No Material Adverse Change 92 Section 3.05 Properties 9293 Section 3.06 Litigation, Environmental and Labor Matters 93 Section 3.07 Compliance with Laws and Agreements 9394 Section 3.08 Investment Company Status 94 Section 3.09 Taxes 94 Section 3.10 ERISA 94 Section 3.11 Disclosure 95 Page Section 3.12 Federal Reserve Regulations 9596 Section 3.13 Liens 9596 Section 3.14 Security Interest in Collateral 9596 Section 3.15 Solvency 96 Section 3.16 Compliance with Anti-Corruption Laws and Sanctions 9697 Section 3.17 No Irish Financial Assistance 97 Section 3.18 Luxembourg Matters 97 Section 3.19 Regulatory Matters 9798 Section 3.20 PATRIOT Act, etc. 100 ARTICLE IV Conditions 1001 Section 4.01 Conditions Precedent to the Closing Date 1001 Section 4.02 Each Borrowing after the Closing Date 106 ARTICLE V Affirmative Covenants 107 Section 5.01 Financial Statements and Other Information 107 Section 5.02 Notices of Material Events 109 Section 5.03 Existence; Conduct of Business 109110 Section 5.04 Tax Status; Payment of Obligations 110 Section 5.05 Maintenance of Properties; Insurance 110 Section 5.06 Books and Records; Inspection Rights 110 Section 5.07 Compliance with Laws and Material Contractual Obligations 1101 Section 5.08 Use of Proceeds 111 Section 5.09 Subsidiary Guarantors; Pledges; Additional Collateral; Further Assurances 111 Section 5.10 Designation of Subsidiaries 113 Section 5.11 Maintenance of Ratings 1134 Section 5.12 Post-Closing Schedule 114 ARTICLE VI Negative Covenants 114 Section 6.01 Indebtedness 114 Section 6.02 Liens 118 Section 6.03 Asset Sales 118 Section 6.04 Restricted Payments, Investments, Loans, Advances, Guarantees and Acquisitions 119 Section 6.05 Swap Agreements 123 Section 6.06 Transactions with Affiliates 123 Section 6.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 126 Section 6.08 Amendments to Subordinated Indebtedness 128 Section 6.09 Sale and Leaseback Transactions 128 Section 6.10 [Reserved] 128 Section 6.11 Merger, Consolidation or Sale of Assets 128 Section 6.12 Limitation on Accounting Changes 130129 Section 6.13 Fiscal Periods 130129 Section 6.14 Anti-Terrorism and Anti-Money Laundering 130129 Page ARTICLE VII Events of Default 130 ARTICLE VIII The Agents 1332 ARTICLE IX Miscellaneous 136 Section 9.01 Notices 136 Section 9.02 Waivers; Amendments 1387 Section 9.03 Expenses; Indemnity; Damage Waiver 140139 Section 9.04 Successors and Assigns 141 Section 9.05 Survival 145 Section 9.06 Counterparts; Integration; Effectiveness 1465 Section 9.07 Severability 1465 Section 9.08 Right of Setoff 146 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process; Foreign Process Agent 146 Section 9.10 WAIVER OF JURY TRIAL 147 Section 9.11 Headings 1487 Section 9.12 Confidentiality 1487 Section 9.13 Release of Liens and Guarantees 148 Section 9.14 USA PATRIOT Act 149 Section 9.15 Appointment for Perfection 150149 Section 9.16 No Fiduciary Relationship 150149 Section 9.17 Interest Rate Limitation 150 ARTICLE X The Guaranty 1510 Section 10.01 The Guarantee 1510 Section 10.02 Obligations Unconditional 151 Section 10.03 Reinstatement 1532 Section 10.04 Certain Additional Waivers 153 Section 10.05 Remedies 153 Section 10.06 Rights of Contribution 153 Section 10.07 Guaranty of Payment; Continuing Guarantee 153 Section 10.08 Guarantee Limitations 153 Section 10.09 Keepwell 154 Section 10.10 Limitation on Guarantees by Excluded Subsidiaries 154 SCHEDULES: Schedule 1.01A – Agreed Security Principles Schedule 1.01B – Existing Investments Schedule 1.01C – Existing Liens Schedule 1.01D – Post-Closing Schedule Schedule 1.01E – Foreign Security Documents Schedule 1.01F – Subsidiary Guarantors Schedule 2.01 – Term Loan Commitments Schedule 3.01 – Subsidiaries Schedule 3.03 – Certain Existing Indebtedness Schedule 3.05 – Material Intellectual Property Litigation Schedule 3.06 – Material Litigation Schedule 3.07 – Compliance with Laws Schedule 3.10 – Prohibited Transactions Schedule 3.13 – Existing Liens to be Released at Closing Schedule 3.20 – Acquisition Documents Schedule 6.01 – Existing Indebtedness Schedule 6.07 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Auction Procedures Exhibit C – Form of Solvency Certificate Exhibit D – Form of Joinder Agreement Exhibit E – [Reserved] Exhibit F – Form of U.S. Security Agreement Exhibit G-1 – Form of U.S. Tax Compliance Certificate Exhibit G-2 – Form of U.S. Tax Compliance Certificate Exhibit G-3 – Form of U.S. Tax Compliance Certificate Exhibit G-4 – Form of U.S. Tax Compliance Certificate Exhibit H – Form of Irish Qualifying Lender Confirmation

Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 7980 Section 2.16 7154 SECTION 2.20 Mitigation Obligations; Replacement of Lenders 81 Section 2.17 Incremental Credit Extensions 8182 Section 2.18 Judgment Currency 8485 Section 2.19 Extensions of Loans and Commitments 85 Section 2.20 Loan Repurchases 8788 Section 7456 SECTION 2.21 Refinancing Amendment 89 Section Expansion Option 7557 SECTION 2.22 Illegality 90 Section 2.23 Defaulting Lenders 9091 7759 SECTION 2.23 Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions 8061 ARTICLE III Representations and Warranties 91 Section REPRESENTATIONS AND WARRANTIES 8063 SECTION 3.01 Organization; Powers; Subsidiaries 91 Section Organization 8063 SECTION 3.02 Authority 8063 SECTION 3.03 Necessary Action 8163 SECTION 3.04 Due Authorization; Enforceability 9192 Section 3.03 Governmental Approvals; No Conflicts 9192 Section 3.04 Financial Condition; No Material Adverse Change 92 Section , Etc. 8163 SECTION 3.05 Properties 9293 Section 3.06 Litigation, Environmental and Labor Matters 93 Section 3.07 Compliance with Laws and Agreements 9394 Section 3.08 Law 8164 SECTION 3.06 No Litigation 8164 Cleco CorporationCorporate Holdings LLC Credit Agreement SECTION 3.07 Title 81 SECTION 3.083.07 Governmental Approvals 8164 SECTION 3.093.08 Financial Condition 8264 SECTION 3.10 Capitalization 82 SECTION 3.11 Subsidiaries 82 SECTION 3.12 Taxes 82 SECTION 3.13 No Default 83 SECTION 3.14 ERISA 83 SECTION 3.153.09 No Violation 8365 SECTION 3.163.10 Not Investment Company Status 94 Section 3.09 Taxes 94 Section 3.10 ERISA 94 Section 3.11 Disclosure 95 Page Section 3.12 Federal Reserve 8365 SECTION 3.173.11 Accuracy of Disclosures 8365 SECTION 3.183.12 Margin Regulations 9596 Section 3.13 Liens 9596 Section 3.14 Security Interest in Collateral 9596 Section 3.15 Solvency 96 Section 3.16 Compliance with 8365 SECTION 3.19 Labor Relations 84 SECTION 3.203.13 Environmental Matters 8465 SECTION 3.213.14 Anti-Terrorism Laws and; Sanctions 85; Anti-Corruption Laws and Sanctions 9697 Section 3.17 No Irish Financial Assistance 97 Section 3.18 Luxembourg Matters 97 Section 3.19 Regulatory Matters 9798 Section 3.20 PATRIOT Act, etc. 100 Laws67 SECTION 3.22 Immunity 85 SECTION 3.23 Pari Passu Rankings 85 SECTION 3.24 Solvency 85 SECTION 3.25 Use of Proceeds 86 ARTICLE IV Conditions 1001 Section CONDITIONS 8667 SECTION 4.01 Conditions Precedent to the Closing Effective Date 1001 Section 86Reserved67 SECTION 4.02 Each Borrowing after the Closing Date 106 Subsequent Credit Event 8967 ARTICLE V Affirmative Covenants 107 Section AFFIRMATIVE COVENANTS 9068 SECTION 5.01 Use of Proceeds 9068 SECTION 5.02 Financial Statements and Other Information 107 Section 5.02 9068 SECTION 5.03 Notices of Material Events 109 Section 5.03 Existence; Conduct 9169 SECTION 5.04 Inspection of Business 109110 Section 5.04 Tax Status; Payment of Obligations 110 Section Property 9370 SECTION 5.05 Maintenance of Properties; Insurance 110 Section Properties 9371 SECTION 5.06 Books and Records; Inspection Rights 110 Section 5.07 Governmental Approvals 94 SECTION 5.075.06 Compliance with Laws and Material Contractual Obligations 1101 Section 5.08 Use of Proceeds 111 Section 5.09 Subsidiary Guarantors; Pledges; Additional Collateral; Further Assurances 111 Section 5.10 Designation of Subsidiaries 113 Section 5.11 9471 SECTION 5.085.07 Maintenance of Ratings 1134 Section 5.12 Post-Closing Schedule 114 Legal Status 9471 SECTION 5.095.08 Insurance 9472 SECTION 5.105.09 Taxes 9472 SECTION 5.11 Auditors 94 SECTION 5.125.10 Financial Covenant 9472 SECTION 5.13 Debt Rating 95 SECTION 5.14 Merger 95 ARTICLE VI Negative Covenants 114 Section 6.01 Indebtedness 114 Section 6.02 Liens 118 Section 6.03 Asset Sales 118 Section 6.04 Restricted Payments, Investments, Loans, Advances, Guarantees and Acquisitions 119 Section 6.05 Swap Agreements 123 Section 6.06 Transactions with Affiliates 123 Section 6.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 126 Section 6.08 Amendments to Subordinated Indebtedness 128 Section 6.09 Sale and Leaseback Transactions 128 Section 6.10 [Reserved] 128 Section 6.11 Merger, Consolidation or Sale of Assets 128 Section 6.12 Limitation on Accounting Changes 130129 Section 6.13 Fiscal Periods 130129 Section 6.14 Anti-Terrorism and Anti-Money Laundering 130129 Page ARTICLE VII Events of Default 130 ARTICLE VIII The Agents 1332 ARTICLE IX Miscellaneous 136 Section 9.01 Notices 136 Section 9.02 Waivers; Amendments 1387 Section 9.03 Expenses; Indemnity; Damage Waiver 140139 Section 9.04 Successors and Assigns 141 Section 9.05 Survival 145 Section 9.06 Counterparts; Integration; Effectiveness 1465 Section 9.07 Severability 1465 Section 9.08 Right of Setoff 146 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process; Foreign Process Agent 146 Section 9.10 WAIVER OF JURY TRIAL 147 Section 9.11 Headings 1487 Section 9.12 Confidentiality 1487 Section 9.13 Release of Liens and Guarantees 148 Section 9.14 USA PATRIOT Act 149 Section 9.15 Appointment for Perfection 150149 Section 9.16 No Fiduciary Relationship 150149 Section 9.17 Interest Rate Limitation 150 ARTICLE X The Guaranty 1510 Section 10.01 The Guarantee 1510 Section 10.02 Obligations Unconditional 151 Section 10.03 Reinstatement 1532 Section 10.04 Certain Additional Waivers 153 Section 10.05 Remedies 153 Section 10.06 Rights of Contribution 153 Section 10.07 Guaranty of Payment; Continuing Guarantee 153 Section 10.08 Guarantee Limitations 153 Section 10.09 Keepwell 154 Section 10.10 Limitation on Guarantees by Excluded Subsidiaries 154 SCHEDULES: Schedule 1.01A – Agreed Security Principles Schedule 1.01B – Existing Investments Schedule 1.01C – Existing Liens Schedule 1.01D – Post-Closing Schedule Schedule 1.01E – Foreign Security Documents Schedule 1.01F – Subsidiary Guarantors Schedule 2.01 – Term Loan Commitments Schedule 3.01 – Subsidiaries Schedule 3.03 – Certain Existing Indebtedness Schedule 3.05 – Material Intellectual Property Litigation Schedule 3.06 – Material Litigation Schedule 3.07 – Compliance with Laws Schedule 3.10 – Prohibited Transactions Schedule 3.13 – Existing Liens to be Released at Closing Schedule 3.20 – Acquisition Documents Schedule 6.01 – Existing Indebtedness Schedule 6.07 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Auction Procedures Exhibit C – Form of Solvency Certificate Exhibit D – Form of Joinder Agreement Exhibit E – [Reserved] Exhibit F – Form of U.S. Security Agreement Exhibit G-1 – Form of U.S. Tax Compliance Certificate Exhibit G-2 – Form of U.S. Tax Compliance Certificate Exhibit G-3 – Form of U.S. Tax Compliance Certificate Exhibit G-4 – Form of U.S. Tax Compliance Certificate Exhibit H – Form of Irish Qualifying Lender ConfirmationNEGATIVE COVENANTS 9672

Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 7980 101105 Section 2.16 2.19 Mitigation Obligations; Replacement of Lenders 81 103107 Section 2.17 2.20 Incremental Credit Extensions 8182 104108 Section 2.18 2.21 Judgment Currency 8485 107111 Section 2.19 2.22 Extensions of Loans and Commitments 85 108112 Section 2.20 2.23 Loan Repurchases 8788 111115 Section 2.21 2.24 Refinancing Amendment 89 112116 Section 2.22 2.25 Illegality 90 113117 Section 2.23 2.26 Defaulting Lenders 9091 114118 ARTICLE III Representations and Warranties 91 REPRESENTATIONS AND WARRANTIES 116120 Section 3.01 Organization; Powers; Subsidiaries 91 116120 Section 3.02 Authorization; Enforceability 9192 116120 Section 3.03 Governmental Approvals; No Conflicts 9192 117121 Section 3.04 Financial Condition; No Material Adverse Change 92 117121 Section 3.05 Properties 9293 117121 Section 3.06 Litigation, Environmental and Labor Matters 93 118122 Section 3.07 Compliance with Laws and Agreements 9394 119122 Section 3.08 Investment Company Status 94 119123 Section 3.09 Taxes 94 119123 Section 3.10 ERISA 94 119123 Section 3.11 Disclosure 95 Page 120124 Section 3.12 Federal Reserve Regulations 9596 120124 Section 3.13 Liens 9596 120124 Section 3.14 Security Interest in Collateral 9596 120124 Section 3.15 Solvency 96 121125 Section 3.16 Compliance with Anti-Corruption Laws and Sanctions 9697 121125 Section 3.17 No Irish Financial Assistance 97 122126 Section 3.18 Luxembourg Matters 97 122126 Section 3.19 Regulatory Matters 9798 123127 Section 3.20 PATRIOT Act, etc. 100 etc 125129 ARTICLE IV Conditions 1001 CONDITIONS 125129 Section 4.01 Conditions Precedent to the Closing Date 1001 125129 Section 4.02 Each Borrowing Credit Event after the Closing Date 106 131135 ARTICLE V Affirmative Covenants 107 AFFIRMATIVE COVENANTS 131136 Section 5.01 Financial Statements and Other Information 107 131136 Section 5.02 Notices of Material Events 109 134138 Section 5.03 Existence; Conduct of Business 109110 134139 Section 5.04 Tax Status; Payment of Obligations 110 135139 Section 5.05 Maintenance of Properties; Insurance 110 135139 Section 5.06 Books and Records; Inspection Rights 110 Section 5.07 Compliance with Laws and Material Contractual Obligations 1101 Section 5.08 Use of Proceeds 111 Section 5.09 Subsidiary Guarantors; Pledges; Additional Collateral; Further Assurances 111 Section 5.10 Designation of Subsidiaries 113 Section 5.11 Maintenance of Ratings 1134 Section 5.12 Post-Closing Schedule 114 ARTICLE VI Negative Covenants 114 Section 6.01 Indebtedness 114 Section 6.02 Liens 118 Section 6.03 Asset Sales 118 Section 6.04 Restricted Payments, Investments, Loans, Advances, Guarantees and Acquisitions 119 Section 6.05 Swap Agreements 123 Section 6.06 Transactions with Affiliates 123 Section 6.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 126 Section 6.08 Amendments to Subordinated Indebtedness 128 Section 6.09 Sale and Leaseback Transactions 128 Section 6.10 [Reserved] 128 Section 6.11 Merger, Consolidation or Sale of Assets 128 Section 6.12 Limitation on Accounting Changes 130129 Section 6.13 Fiscal Periods 130129 Section 6.14 Anti-Terrorism and Anti-Money Laundering 130129 Page ARTICLE VII Events of Default 130 ARTICLE VIII The Agents 1332 ARTICLE IX Miscellaneous 136 Section 9.01 Notices 136 Section 9.02 Waivers; Amendments 1387 Section 9.03 Expenses; Indemnity; Damage Waiver 140139 Section 9.04 Successors and Assigns 141 Section 9.05 Survival 145 Section 9.06 Counterparts; Integration; Effectiveness 1465 Section 9.07 Severability 1465 Section 9.08 Right of Setoff 146 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process; Foreign Process Agent 146 Section 9.10 WAIVER OF JURY TRIAL 147 Section 9.11 Headings 1487 Section 9.12 Confidentiality 1487 Section 9.13 Release of Liens and Guarantees 148 Section 9.14 USA PATRIOT Act 149 Section 9.15 Appointment for Perfection 150149 Section 9.16 No Fiduciary Relationship 150149 Section 9.17 Interest Rate Limitation 150 ARTICLE X The Guaranty 1510 Section 10.01 The Guarantee 1510 Section 10.02 Obligations Unconditional 151 Section 10.03 Reinstatement 1532 Section 10.04 Certain Additional Waivers 153 Section 10.05 Remedies 153 Section 10.06 Rights of Contribution 153 Section 10.07 Guaranty of Payment; Continuing Guarantee 153 Section 10.08 Guarantee Limitations 153 Section 10.09 Keepwell 154 Section 10.10 Limitation on Guarantees by Excluded Subsidiaries 154 SCHEDULES: Schedule 1.01A – Agreed Security Principles Schedule 1.01B – Existing Investments Schedule 1.01C – Existing Liens Schedule 1.01D – Post-Closing Schedule Schedule 1.01E – Foreign Security Documents Schedule 1.01F – Subsidiary Guarantors Schedule 2.01 – Term Loan Commitments Schedule 3.01 – Subsidiaries Schedule 3.03 – Certain Existing Indebtedness Schedule 3.05 – Material Intellectual Property Litigation Schedule 3.06 – Material Litigation Schedule 3.07 – Compliance with Laws Schedule 3.10 – Prohibited Transactions Schedule 3.13 – Existing Liens to be Released at Closing Schedule 3.20 – Acquisition Documents Schedule 6.01 – Existing Indebtedness Schedule 6.07 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Auction Procedures Exhibit C – Form of Solvency Certificate Exhibit D – Form of Joinder Agreement Exhibit E – [Reserved] Exhibit F – Form of U.S. Security Agreement Exhibit G-1 – Form of U.S. Tax Compliance Certificate Exhibit G-2 – Form of U.S. Tax Compliance Certificate Exhibit G-3 – Form of U.S. Tax Compliance Certificate Exhibit G-4 – Form of U.S. Tax Compliance Certificate Exhibit H – Form of Irish Qualifying Lender Confirmation135139

Payments Generally; Allocations of Proceeds. Pro Rata Treatment; Sharing of Set-offs 7980 Section 2.16 5344 SECTION 2.17 Mitigation Obligations; Replacement of Lenders 81 Section 2.17 Incremental Credit Extensions 8182 Section 5546 SECTION 2.18 Judgment Currency 8485 Section 2.19 Extensions of Loans and Commitments 85 Section 2.20 Loan Repurchases 8788 Section 2.21 Refinancing Amendment 89 Section 2.22 Illegality 90 Section 2.23 Defaulting Lenders 9091 5647 SECTION 2.19 Acknowledgement and Consent to Bail-In of EEA Affected Financial Institutions 5748 SECTION 2.20 Expansion Option 57 ARTICLE III Representations and Warranties 91 Section REPRESENTATIONS AND WARRANTIES 5949 SECTION 3.01 Organization; Powers; Subsidiaries 91 Section Organization 5949 SECTION 3.02 Authority 5949 SECTION 3.03 Necessary Action 5949 SECTION 3.04 Due Authorization; Enforceability 9192 Section 3.03 Governmental Approvals; No Conflicts 9192 Section 3.04 Financial Condition; No Material Adverse Change 92 Section , Etc. 5949 SECTION 3.05 Properties 9293 Section 3.06 Litigation, Environmental and Labor Matters 93 Section 3.07 Compliance with Laws and Agreements 9394 Section 3.08 Law 5949 SECTION 3.06 No Litigation 6049 SECTION 3.07 Title 60 SECTION 3.083.07 Governmental Approvals 6050 SECTION 3.093.08 Financial Condition 6050 SECTION 3.10 Capitalization 61 SECTION 3.11 Subsidiaries 61 Cleco Corporate Holdings LLC 2016 Term Loan Credit Agreement SECTION 3.12 Taxes 61 SECTION 3.13 No Default 61 SECTION 3.14 ERISA 61 SECTION 3.153.09 No Violation 6150 SECTION 3.163.10 Not Investment Company Status 94 Section 3.09 Taxes 94 Section 3.10 ERISA 94 Section 3.11 Disclosure 95 Page Section 3.12 Federal Reserve 6250 SECTION 3.173.11 Accuracy of Disclosures 6251 SECTION 3.183.12 Margin Regulations 9596 Section 3.13 Liens 9596 Section 3.14 Security Interest in Collateral 9596 Section 3.15 Solvency 96 Section 3.16 Compliance with 6251 SECTION 3.19 Labor Relations 62 SECTION 3.203.13 Environmental Matters 6251 SECTION 3.213.14 Anti-Terrorism Laws and; Sanctions; Anti-Corruption Laws and Sanctions 9697 Section 3.17 No Irish Financial Assistance 97 Section 3.18 Luxembourg Matters 97 Section 3.19 Regulatory Matters 9798 Section 3.20 PATRIOT Act, etc. 100 6452 SECTION 3.22 Immunity 64 SECTION 3.23 Pari Passu Rankings 64 SECTION 3.24 Solvency 64 SECTION 3.25 Use of Proceeds 64 ARTICLE IV Conditions 1001 Section CONDITIONS 6453 SECTION 4.01 Conditions Precedent to the Closing Effective Date 1001 Section 4.02 Each Borrowing after the Closing Date 106 Reserved 6453 ARTICLE V Affirmative Covenants 107 Section AFFIRMATIVE COVENANTS 6653 SECTION 5.01 Use of Proceeds 6653 SECTION 5.02 Financial Statements and Other Information 107 Section 5.02 6753 SECTION 5.03 Notices of Material Events 109 Section 5.03 Existence6854 SECTION 5.04 Inspection of Property 6955 SECTION 5.05 Maintenance of Properties 7056 SECTION 5.06 Governmental Approvals 70 SECTION 5.075.06 Compliance with Laws 7056 SECTION 5.085.07 Maintenance of Legal Status 7056 SECTION 5.095.08 Insurance 7056 SECTION 5.105.09 Taxes 7157 SECTION 5.11 Auditors 71 SECTION 5.125.10 Financial Covenant 7157 SECTION 5.13 Debt Rating 71 ARTICLE VI NEGATIVE COVENANTS 7257 SECTION 6.01 Fundamental Changes; Sale of Assets; Etc. 7257 SECTION 6.02 Conduct of Business 109110 Section 5.04 Tax Status; Payment of Obligations 110 Section 5.05 Maintenance of Properties; Insurance 110 Section 5.06 Books and Records; Inspection Rights 110 Section 5.07 Compliance with Laws and Material Contractual Obligations 1101 Section 5.08 Use of Proceeds 111 Section 5.09 Subsidiary Guarantors; Pledges; Additional Collateral; Further Assurances 111 Section 5.10 Designation of Subsidiaries 113 Section 5.11 Maintenance of Ratings 1134 Section 5.12 Post-Closing Schedule 114 ARTICLE VI Negative Covenants 114 Section 6.01 Indebtedness 114 Section 6.02 7357 SECTION 6.03 IndebtednessDistributions 7357 SECTION 6.04 Liens 118 Section 6.03 Asset Sales 118 Section 6.04 Restricted Payments, Investments, Loans, Advances, Guarantees and Acquisitions 119 Section 76 SECTION 6.05 Swap Agreements 123 Section Investments 76 SECTION 6.06 Distributions 77 SECTION 6.076.04 Transactions with Affiliates 123 Section 6.07 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 126 Section 7758 SECTION 6.08 Amendments to Subordinated Indebtedness 128 Section 6.09 Sale and Leaseback Transactions 128 Section 6.10 [Reserved] 128 Section 6.11 Merger, Consolidation or Sale of Assets 128 Section 6.12 Limitation on Accounting Changes 130129 Section 6.13 Fiscal Periods 130129 Section 6.14 Constitutive Documents 77 SECTION 6.096.05 Anti-Terrorism Laws and Sanctions; Anti-Money Laundering 130129 Page ARTICLE VII Events of Default 130 ARTICLE VIII The Agents 1332 ARTICLE IX Miscellaneous 136 Section 9.01 Notices 136 Section 9.02 Waivers; Amendments 1387 Section 9.03 Expenses; Indemnity; Damage Waiver 140139 Section 9.04 Successors and Assigns 141 Section 9.05 Survival 145 Section 9.06 Counterparts; Integration; Effectiveness 1465 Section 9.07 Severability 1465 Section 9.08 Right of Setoff 146 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process; Foreign Process Agent 146 Section 9.10 WAIVER OF JURY TRIAL 147 Section 9.11 Headings 1487 Section 9.12 Confidentiality 1487 Section 9.13 Release of Liens and Guarantees 148 Section 9.14 USA PATRIOT Act 149 Section 9.15 Appointment for Perfection 150149 Section 9.16 No Fiduciary Relationship 150149 Section 9.17 Interest Rate Limitation 150 ARTICLE X The Guaranty 1510 Section 10.01 The Guarantee 1510 Section 10.02 Obligations Unconditional 151 Section 10.03 Reinstatement 1532 Section 10.04 Certain Additional Waivers 153 Section 10.05 Remedies 153 Section 10.06 Rights of Contribution 153 Section 10.07 Guaranty of Payment; Continuing Guarantee 153 Section 10.08 Guarantee Limitations 153 Section 10.09 Keepwell 154 Section 10.10 Limitation on Guarantees by Excluded Subsidiaries 154 SCHEDULES: Schedule 1.01A – Agreed Security Principles Schedule 1.01B – Existing Investments Schedule 1.01C – Existing Liens Schedule 1.01D – PostAnti-Closing Schedule Schedule 1.01E – Foreign Security Documents Schedule 1.01F – Subsidiary Guarantors Schedule 2.01 – Corruption Laws 7758 SECTION 6.10 Name, Fiscal Year 78 SECTION 6.11 Registered Office 78 ii Cleco Corporate Holdings LLC 2016 Term Loan Commitments Schedule 3.01 – Subsidiaries Schedule 3.03 – Certain Existing Indebtedness Schedule 3.05 – Material Intellectual Property Litigation Schedule 3.06 – Material Litigation Schedule 3.07 – Compliance with Laws Schedule 3.10 – Prohibited Transactions Schedule 3.13 – Existing Liens to be Released at Closing Schedule 3.20 – Acquisition Documents Schedule 6.01 – Existing Indebtedness Schedule 6.07 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Auction Procedures Exhibit C – Form of Solvency Certificate Exhibit D – Form of Joinder Agreement Exhibit E – [Reserved] Exhibit F – Form of U.S. Security Agreement Exhibit G-1 – Form of U.S. Tax Compliance Certificate Exhibit G-2 – Form of U.S. Tax Compliance Certificate Exhibit G-3 – Form of U.S. Tax Compliance Certificate Exhibit G-4 – Form of U.S. Tax Compliance Certificate Exhibit H – Form of Irish Qualifying Lender ConfirmationCredit Agreement