Nautilus 2007 Annual Report Download - page 80
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TABLE OF CONTENTS
(cont’d)
ii
Page
5.2
Repayment of Revolver Loans
43
5.3
Repayment of Term Loans
43
5.4
Payment of Other Obligations
43
5.5
Marshaling; Payments Set Aside
44
5.6
Post
-
Default Allocation of Payments
44
5.7
Application of Payments
45
5.8
Loan Account; Account Stated
45
5.9
Taxes
45
5.10
Foreign Lenders
47
5.11
Nature and Extent of Each Borrower
’
s Liability
47
SECTION 6.
CONDITIONS PRECEDENT
49
6.1
Conditions Precedent to Initial Loans
49
6.2
Conditions Precedent to All Credit Extensions
50
6.3
Limited Waiver of Conditions Precedent
51
SECTION 7.
COLLATERAL
51
7.1
Grant of Security Interest
51
7.2
Lien on Deposit Accounts; Cash Collateral
52
7.3
Real Estate Collateral
53
7.4
Other Collateral
53
7.5
No Assumption of Liability
53
7.6
Further Assurances
53
7.7
Foreign Subsidiary Stock
53
7.8
Perfection of Intellectual Property
53
SECTION 8.
COLLATERAL ADMINISTRATION
54
8.1
Borrowing Base Certificates
54
8.2
Administration of Accounts
54
8.3
Administration of Inventory
55
8.4
Administration of Equipment
56
8.5
General Provisions
57
8.6
Power of Attorney
58
SECTION 9.
REPRESENTATIONS AND WARRANTIES
58
9.1
General Representations and Warranties
58
9.2
Complete Disclosure
63