Urban Outfitters 2014 Annual Report Download - page 88
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Section 5.2 Conditions to Closing and Initial Extensions of Credit 39
Section 5.3 Conditions to All Extensions of Credit 41
ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE BORROWERS 42
Section 6.1 Representations and Warranties 42
Section 6.2 Survival of Representations and Warranties, Etc. 48
ARTICLE VII FINANCIAL INFORMATION AND NOTICES 48
Section 7.1 Financial Statements and Projections 48
Section 7.2 Officer’s Compliance Certificate 49
Section 7.3 Accountants’ Certificate 49
Section 7.4 Other Reports 49
Section 7.5 Notice of Litigation and Other Matters 50
Section 7.6 Accuracy of Information 50
ARTICLE VIII AFFIRMATIVE COVENANTS 51
Section 8.1 Preservation of Corporate Existence and Related Matters 51
Section 8.2 Maintenance of Property 51
Section 8.3 Insurance 51
Section 8.4 Accounting Methods and Financial Records 51
Section 8.5 Payment and Performance of Obligations 51
Section 8.6 Compliance With Laws and Approvals 51
Section 8.7 Environmental Laws 51
Section 8.8 Compliance with ERISA 52
Section 8.9 Compliance With Agreements 52
Section 8.10 Conduct of Business 52
Section 8.11 Visits and Inspections 52
Section 8.12 Additional Guarantors 52
Section 8.13 Maintain Cash Collateral Account 53
Section 8.14 Subsequent Credit Terms 53
Section 8.15 Further Assurances 53
Section 8.16 Bank Accounts 53
ARTICLE IX FINANCIAL COVENANTS 53
Section 9.1 Fixed Charge Coverage Ratio 53
Section 9.2 Adjusted Debt to EBITDAR Ratio 53
ARTICLE X NEGATIVE COVENANTS 54
Section 10.1 Limitations on Debt 54
Section 10.2 Limitations on Guaranty Obligations 54
Section 10.3 Limitations on Liens 55
Section 10.4 Limitations on Loans, Advances, Investments and Acquisitions 55
Section 10.5 Limitations on Mergers and Liquidation 56
Section 10.6 Limitations on Sale of Assets 56
Section 10.7 Limitations on Exchange and Issuance of Capital Stock 57
Section 10.8 Transactions with Affiliates 57
Section 10.9 Certain Accounting Changes 57
Section 10.10 Amendments; Payments and Prepayments of Subordinated Debt 57
Section 10.11 Restrictive Agreements 58
ARTICLE XI DEFAULT AND REMEDIES 58
Section 11.1 Events of Default 58
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