OfficeMax 2013 Annual Report Download - page 260

(i) to execute a supplemental deed of pledge (as described in such Dutch Security Agreement) on a monthly basis or following the
commencement of a European Full Cash Dominion Period or the occurrence of a Default on a weekly basis (or with such other frequency as the
European Collateral Agent may in its discretion acting reasonably designate in writing to the relevant Loan Party);
(ii) to register such supplemental deed with the tax authorities within two Business Days of its execution; and
(iii) to promptly provide the European Collateral Agent with a copy of any executed supplemental deed of pledge and evidence satisfactory to
the European Collateral Agent of registration.
(c) In relation to any Irish Security Agreement, within 21 days of the execution of the deed of charge, each Loan Party which is a party thereto
undertakes to file such Irish Security Agreement in the Irish Companies Registration Office as required under Section 99 of the Irish Companies Act 1963.
SECTION 3.17 Employment Matters. As of the RestatementThird Amendment Effective Date, there are no strikes, lockouts or slowdowns, and no
material unfair labor practice charges, against any Loan Party or its Subsidiaries pending or, to the knowledge of the Borrowers, threatened. The terms and
conditions of employment, hours worked by and payments made to employees of the Loan Parties and their Subsidiaries have not been in material violation of
the Fair Labor Standards Act, or any other applicable federal, provincial, territorial, state, local or foreign law dealing with such matters. All material
payments due from any Loan Party or any of its Subsidiaries, or for which any claim may be made against any Loan Party or any of its Subsidiaries, on
account of wages, vacation pay and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the
Loan Party or such Subsidiary.
SECTION 3.18 Common Enterprise. The successful operation and condition of each of the Loan Parties is dependent on the continued successful
performance of the functions of the group of the Loan Parties as a whole and the successful operation of each of the Loan Parties is dependent on the successful
performance and operation of each other Loan Party. Each Loan Party expects to derive benefit (and its board of directors or other governing body has
determined that it may reasonably be expected to derive benefit), directly and indirectly, from (i) successful operations of each of the other Loan Parties and
(ii) the credit extended by the Lenders to the Borrowers hereunder, both in their separate capacities and as members of the group of companies. Each Loan
Party has determined that execution, delivery, and performance of this Agreement and any other Loan Documents to be executed by such Loan Party is within
its purpose, will be of direct and indirect benefit to such Loan Party, and is in its best interest.
SECTION 3.19 Centre of Main Interests. For the purposes of the Council of the European Union Regulation No. 1346/2000 on Insolvency Proceedings,
each European Borrower’s centre of main interests (as that term is used in Article 3(1) therein) is situated in its jurisdiction of incorporation and it has no
“establishment” (as that term is used in Article 2(h) therein) in any other jurisdiction.
SECTION 3.20 Anti-Corruption Laws and Sanctions. The Company has implemented and maintains in effect policies and procedures designed to
ensure compliance by the Company, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable
Sanctions, and the Company, its Subsidiaries and their respective officers and employees,
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