Nautilus 2007 Annual Report Download - page 81

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TABLE OF CONTENTS
(cont’d)
iii
Page
SECTION 10.
COVENANTS AND CONTINUING AGREEMENTS
63
10.1
Affirmative Covenants
63
10.2
Negative Covenants
67
10.3
Financial Covenants
72
SECTION 11.
EVENTS OF DEFAULT; REMEDIES ON DEFAULT
73
11.1
Events of Default
73
11.2
Remedies upon Default
74
11.3
License
75
11.4
Setoff
75
11.5
Remedies Cumulative; No Waiver
75
SECTION 12.
AGENT
76
12.1
Appointment, Authority and Duties of Agent
76
12.2
Agreements Regarding Collateral and Field Examination Reports
77
12.3
Reliance By Agent
78
12.4
Action Upon Default
78
12.5
Ratable Sharing
78
12.6
Indemnification of Agent Indemnitees
78
12.7
Limitation on Responsibilities of Agent
78
12.8
Successor Agent and Co
-
Agents
79
12.9
Due Diligence and Non
-
Reliance
79
12.10
Replacement of Certain Lenders
80
12.11
Remittance of Payments and Collections
80
12.12
Agent in its Individual Capacity
80
12.13
Agent Titles
81
12.14
No Third Party Beneficiaries
81
SECTION 13.
BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS
81
13.1
Successors and Assigns
81
13.2
Participations
81
13.3
Assignments
82
SECTION 14.
MISCELLANEOUS
82
14.1
Consents, Amendments and Waivers
82
14.2
Indemnity
83
14.3
Notices and Communications
84