Best Buy 2003 Annual Report Download - page 60
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10.6. Forward exchange contract agreement for execution by the Borrower in respect
of the F/X Contracts entered into under the F/X Facility;
6
10.7. unlimited guarantee of indebtedness and obligations of the Borrower to the Bank
for execution by Best Buy Co.;
10.8. assignment and postponement agreement in respect of any shareholder or other
loans or indebtedness made to the Borrower by Best Buy Co. (excluding trade debt as
therein defined). For purposes of this agreement, “trade debt” shall include license
fees, royalties, expense reimbursements, capital purchases and inventory purchases;
10.9. unlimited guarantee of indebtedness and obligations of the Borrower to the Bank
for execution by Stores L.P.;
10.10. confirmation of placement by the Borrower of an all risk insurance policy
(including extended coverage from earthquake and flood endorsements) on all
buildings, improvements, equipment, inventory and all other tangible assets owned by
the Borrower, which policy includes business interruption and public liability insurance
in amounts and from an insurer or insurers satisfactory to the Bank;
10.11. subordination agreement (the “FSAI Subordination Agreement”) with respect to
any present or future shareholder or other loans (excluding royalties and services and
supply debt as described in the agreement) made to the Borrower by Future Shop
Acquisition Inc. which FSAI Subordination Agreement shall permit interest only
payments due and owing by the Borrower to Future Shop Acquisition Inc. for so long
as no Event of Default has occurred or providing the making of any such interest
payments will not create an Event of Default;
10.12. such supporting certificates, opinions and other documentation as the Bank and
its solicitors may reasonably require.
11. Release of Security