MoneyGram 2009 Annual Report Download - page 489

be issued to or acquired by the Lead Sponsor or any of its Affiliates; provided, that this Section 4.19 shall not apply from and after the Sell Down Date.
Section 4.20 Business Activities.
The Company will not, and will not permit any Company Subsidiary to, engage in any business other than Similar Businesses, except to such extent as
would not be material to the Company and the Company Subsidiaries taken as a whole.
Section 4.21 Maintenance of Properties.
The Company will, and will cause each of the Company Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition,
ordinary wear and tear excepted, all tangible properties necessary in the operation of the business of the Company and its Subsidiaries and from time to time
will make or cause to be made all appropriate repairs, renewals and replacements thereof.
Section 4.22 Insurance.
The Company will maintain or cause to be maintained, with financially sound and reputable insurers, such public liability insurance, third party property
damage insurance, business interruption insurance and casualty insurance with respect to liabilities, losses or damage in respect of the material assets,
properties and businesses of the Company and its Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of
established reputation engaged in similar businesses of similar sizes, in each case in such amounts (giving effect to self-insurance), with such deductibles,
covering such risks and otherwise on such terms and conditions as shall be customary for such Persons.
Section 4.23 Books and Records; Inspections.
The Company will, and will cause each of Subsidiaries to, keep adequate books of record and accounts to allow preparation of financial statements in
accordance with GAAP. The Company will promptly notify the Trustee in writing of the occurrence of any exercise of any of the inspection rights set forth in
Section 4.3 of the Intercreditor Agreement.
Section 4.24 Compliance with Laws.
The Company will comply, and shall cause each of its Subsidiaries to comply, with the requirements of all applicable laws, rules, regulations and orders of
any Governmental Authority (including all environmental laws), noncompliance with which would reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.
Section 4.25 Additional Note Guarantees.
On or after the date of this Indenture, any newly acquired or created Domestic Subsidiary (other than any Immaterial Subsidiary or SPE) will become a
Guarantor and guarantee the Company's Obligations in respect of the Notes and execute a supplemental indenture in the form of Exhibit E hereto and deliver
an Opinion of Counsel satisfactory to the Trustee within 15 Business Days of the date on which it was acquired or created or incurred.
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