Tesla 2016 Annual Report Download - page 115
Download and view the complete annual report
Please find page 115 of the 2016 Tesla annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(h)TheAdministrativeAgentshallhavereceivedacertificatefromeachCreditParty,datedtheAmendmentEffectiveDate,signedbyanAuthorized
OfficerofsuchCreditParty(or,withrespecttoTeslaB.V.,itsdirectors),and,ifsignedbyanAuthorizedOfficerofsuchCreditParty,attestedtobyanother
AuthorizedOfficerofsuchCreditParty,intheformofExhibitE-2totheCreditAgreement(orsuchotherformreasonablyacceptabletotheAdministrativeAgent)
withappropriateinsertions,togetherwithcopiesofthecertificateorarticlesofincorporationandby-laws(orotherequivalentorganizationaldocumentsrelatingto
anyDutchCreditParty),asapplicable,ofsuchCreditPartyandtheresolutionsofsuchCreditPartyreferredtoinsuchcertificate.
(i)TheAdministrativeAgentshallhavereceivedagoodstandingcertificate(orequivalent)fortheCompany.
Section4.RepresentationsandWarranties,etc.TheBorrowersherebyconfirm,reaffirmandrestatethateachoftherepresentationsandwarranties
madebyanyCreditPartyintheCreditDocumentsistrueandcorrectinallmaterialrespectsonandasoftheAmendmentEffectiveDate(itbeingunderstoodand
agreedthat(x)anyrepresentationorwarrantywhichbyitstermsismadeasofaspecifieddateshallberequiredtobetrueandcorrectinallmaterialrespectsonly
asofsuchspecifieddateand(y)anyrepresentationorwarrantythatisqualifiedby“materiality”,“MaterialAdverseEffect”orsimilarlanguageshallbetrueand
correctinallrespects).TheBorrowersrepresentandwarrantthat,immediatelyaftergivingeffecttotheoccurrenceoftheAmendmentEffectiveDate,noDefault
orEventofDefaulthasoccurredandiscontinuing.TheBorrowersrepresentandwarrantthateachCreditParty(i)hastheBusinesspowerandauthorityto
execute,deliverandperformthetermsandprovisionsofthisAmendmentandhastakenallnecessaryBusinessactiontoauthorizetheexecution,deliveryand
performancebythereofand(ii)hasdulyexecutedanddeliveredthisAmendment,andthatthisAmendmentconstitutesalegal,validandbindingobligationofthe
BorrowersenforceableagainsteachBorrowerinaccordancewithitsterms,exceptasenforceabilitymaybelimitedbyapplicablebankruptcy,insolvency,
reorganization,moratoriumorsimilarlawsaffectingtheenforcementofcreditors’rightsgenerallyandbygeneralequitableprinciples(whetherenforcementis
soughtbyproceedingsinequityoratlaw).
Section5.Acknowledgement.Fortheavoidanceofdoubt,itisunderstoodandagreedthatonandaftertheAmendmentEffectiveDate,theCompany
doesnothavetherighttorequestIncrementalCommitmentspursuanttoSection2.14oftheCreditAgreement.
Section6.Reaffirmation.EachGuarantorherebyagreesthat(i)allofitsObligationsundertheCreditDocumentsshallremaininfullforceandeffect
onacontinuousbasisaftergivingeffecttothisAmendmentand(ii)eachCreditDocumentisratifiedandaffirmedinallrespects.
Section7.GoverningLaw.ThisAmendmentandtherightsofthepartieshereundershallbegovernedbyandconstruedinaccordancewiththelawsof
theStateofNewYork(withoutregardtoconflictsoflawprinciplesthatwouldresultintheapplicationofanylawotherthanthelawoftheStateofNewYork).
Section8.EffectofThisAmendment.Exceptasexpresslysetforthherein,thisAmendmentshallnotbyimplicationorotherwiselimit,impair,
constituteawaiveroforotherwiseaffecttherightsandremediesofanyLenderorAgentundertheCreditAgreementoranyotherCreditDocument,andshallnot
alter,modify,amendorinanywayaffectanyoftheterms,conditions,obligations,covenantsoragreementscontainedintheCreditAgreementoranyotherCredit
Document,allofwhichareratifiedandaffirmedinallrespectsandshallcontinueinfullforceandeffect.Nothinghereinshallbedeemedtoentitleanypartytoa
consentto,orawaiver,amendment,modificationorotherchangeof,anyoftheterms,conditions,obligations,covenantsoragreementscontainedintheCredit
AgreementoranyotherCreditDocumentinsimilarordifferentcircumstances.
Section9.Bookrunners.EachofDeutscheBankSecuritiesInc.,J.P.MorganSecuritiesLLC,GoldmanSachsBankUSA,MorganStanleySenior
Funding,Inc.,Citibank,N.A.andBankofAmerica,N.A.isabookrunnerwithrespecttothisAmendmentandtheBorrowersherebyagreethateachisdeemedan
ArrangerforpurposesofSections12.02(b)and13.01oftheCreditAgreementandentitledtothebenefitsandprotectionsaffordedto,andsubjecttotheprovisions
governingtheconductof,Arrangersthereunder.