Sample Business Contracts

ARTICLE I DEFINED TERMS

1

Section 1.1

Definitions

1

ARTICLE II SALE OF NOTES

11

Section 2.1

Authorization of Notes

11

Section 2.2

Purchase and Sale

12

Section 2.3

Subsidiary Guaranty

12

ARTICLE III CLOSING; CONDITIONS PRECEDENT

12

Section 3.1

Time and Place of Closing

12

Section 3.2

Deliveries by the Company

13

Section 3.3

Deliveries by each Lender

13

Section 3.4

Company’s Conditions

14

Section 3.5

Closing Date Conditions to Each Lender’s Obligations Under this Agreement

14

Section 3.6

Conditions to Each Loan Extension

15

ARTICLE IV REVOLVING LOANS

15

Section 4.1

Revolving Commitments

15

Section 4.2

Borrowing Mechanics for Revolving Loans

15

Section 4.3

Ratable Sharing

16

Section 4.4

Defaulting Lenders

16

Section 4.5

Optional Termination or Reduction of Commitments

17

ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE COMPANY

17

Section 5.1

Corporate Existence of the Company; Subsidiaries

18

Section 5.2

Authorization

18

Section 5.3

Binding Agreement

18

Section 5.4

Subsidiary Guaranties

18

Section 5.5

No Violations

19

Section 5.6

Compliance with Laws

19

Section 5.7

Permits

20

Section 5.8

Title to Properties

20

Section 5.9

Defaults

20

Section 5.10

Financial Statements

20

Section 5.11

Absence of Undisclosed Liabilities

21

Section 5.12

Absence of Certain Changes

21

Section 5.13

Tax Matters

21

Section 5.14

Litigation

21

Section 5.15

Intellectual Property

21

Section 5.16

Environmental Matters

22

Section 5.17

Employee Benefit Plans

22

Section 5.18

Labor Matters

23

Section 5.19

Use of Proceeds; Margin Regulations

23

Section 5.20

Creation and Perfection of Security Interests

23

Section 5.21

Solvency

23

Section 5.22

Brokers or Finders

23

Section 5.23

No General Solicitation

24

Section 5.24

Investment Company Act

24

ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE LENDERS

24

Section 6.1

Investment Purpose

25

Section 6.2

Availability of Funds

25

Section 6.3

Access to Information

25

Section 6.4

Limited Operating History

25

Section 6.5

Accredited Investor

25

Section 6.6

Brokers or Finders

26

ARTICLE VII PAYMENT OF THE NOTES; REDEMPTION

26

Section 7.1

Required Payments

26

Section 7.2

Optional Prepayment of the Notes

26

Section 7.3

Purchase of Notes

26

Section 7.4

Redemption

26

ARTICLE VIII AFFIRMATIVE COVENANTS

27

Section 8.1

Maintenance of Existence; Compliance with Obligations

27

Section 8.2

Compliance with Laws

27

Section 8.3

Financial Information

27

Section 8.4

Notice of Defaults

28

Section 8.5

Inspection of Property, Books and Records

28

Section 8.6

Further Assurances

29

Section 8.7

Direct Subsidiaries

29

Section 8.8

Current TV as a Subsidiary Guarantor

29

ARTICLE IX NEGATIVE COVENANTS

29

Section 9.1

Indebtedness

29

Section 9.2

Negative Pledge

30

Section 9.3

Investments

31

Section 9.4

Merger, Consolidation, etc.

32

Section 9.5

Transactions with Affiliates

33

Section 9.6

Restricted Payments, etc.

33

Section 9.7

Dispositions

34

Section 9.8

Subsidiaries

34

ARTICLE X EVENTS OF DEFAULT

34

Section 10.1

Event of Default

34

Section 10.2

Consequences of Events of Default

36

ARTICLE XI REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES

38

Section 11.1

Registration of Notes

37

Section 11.2

Transfer and Exchange of Notes

37

Section 11.3

Replacement of Notes

38

ARTICLE XII COLLATERAL AGENT

37

Section 12.1

Appointment of the Collateral Agent

38

Section 12.2

Nature of Duties of Collateral Agent

39

Section 12.3

Right to Realize on Collateral and Enforce Subsidiary Guaranty

39

Section 12.4

Lack of Reliance on the Collateral Agent

39

Section 12.5

Certain Rights of the Collateral Agent

39

Section 12.6

Reliance by the Collateral Agent

40

Section 12.7

Indemnification of the Collateral Agent

40

Section 12.8

The Collateral Agent in its Individual Capacity

40

Section 12.9

Successor Collateral Agent

40

Section 12.10

Collateral Matters

41

ARTICLE XIII EXPENSES, ETC.

41

Section 13.1

Transaction Expenses

41

Section 13.2

Survival

42

ARTICLE XIV SURVIVAL AND INDEMNIFICATION

41

Section 14.1

Survival of Representations and Warranties

42

Section 14.2

Company’s Agreement to Indemnify

42

Section 14.3

Indemnification Procedures

43

ARTICLE XV AMENDMENT AND WAIVER

43

Section 15.1

Requirements

44

Section 15.2

Solicitation of Holders of Notes

45

Section 15.3

Binding Effect

45

Section 15.4

Notes held by the Company

45

ARTICLE XVI MISCELLANEOUS

45

Section 16.1

Governing Law; Consent to Jurisdiction

46

Section 16.2

Waiver of Jury Trial

46

Section 16.3

Legal Rate

46

Section 16.4

Severability

46

Section 16.5

Entire Agreement

47

Section 16.6

No Waiver

47

Section 16.7

Confidentiality

47

Section 16.8

Transferability

47

Section 16.9

Notices

48

Section 16.10

Descriptive Headings

49

Section 16.11

Counterparts

49

Section 16.12

Successors and Assigns

49

Section 16.13

Payments Due on Non-Business Days

49

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