7.4.2. DRAWS ON LETTERS OF CREDIT
20
7.4.3. ALL FUNDINGS RATABLE
20
7.5. ADMINISTRATIVE AGENT'S AVAILABILITY ASSUMPTION
20
7.5.1. ASSUMPTION AS TO LENDERS
20
7.5.2. ASSUMPTION AS TO BORROWER
21
7.6. DISBURSEMENT
22
7.7. RESTRICTIONS ON ADVANCES
22
7.8. RESTRICTION ON NUMBER OF EURODOLLAR LOANS
22
7.9. EACH ADVANCE REQUEST AND LETTER OF CREDIT REQUEST A CERTIFICATION
22
7.10. REQUIREMENTS FOR EVERY ADVANCE REQUEST
22
7.11. REQUIREMENTS FOR EVERY LETTER OF CREDIT REQUEST
23
ii
CONFIDENTIAL TREATMENT REQUESTED BY
TALX CORPORATION
7.12. EXONERATION OF ADMINISTRATIVE AGENT AND LENDERS
23
8. SECURITY AND GUARANTIES
23
8.1. SECURITY AGREEMENTS
23
8.2. PLEDGE AGREEMENTS
23
8.3. COLLATERAL ASSIGNMENTS
24
8.3.1. INTELLECTUAL PROPERTY ASSIGNMENTS
24
8.3.2. ACQUISITION DOCUMENTS ASSIGNMENT
24
8.4. GUARANTIES
24
8.5. ADDITIONAL SUBSIDIARIES
24
9. POWER OF ATTORNEY
25
10. CONDITIONS OF LENDING
26
10.1. CONDITIONS TO INITIAL ADVANCE
26
10.1.1. LISTED DOCUMENTS AND OTHER ITEMS
26
10.1.2. FINANCIAL CONDITION
26
10.1.3. NO DEFAULT
26
10.1.4. PERFECTION OF SECURITY INTERESTS
26
10.1.5. REPRESENTATIONS AND WARRANTIES
27
10.1.6. NO MATERIAL ADVERSE CHANGE
27
10.1.7. PENDING MATERIAL PROCEEDINGS
27
10.1.8. PAYMENT OF FEES AND EXPENSES
27
10.1.9. CURRENT ACQUISITIONS
27
10.1.10. INITIAL NET WORTH
27
10.1.11. INSURANCE
27
10.1.12. ENVIRONMENTAL
27
10.1.13. OTHER ITEMS
27
10.2. CONDITIONS TO SUBSEQUENT ADVANCES
28
10.2.1. GENERAL CONDITIONS
28
10.2.2. REPRESENTATIONS AND WARRANTIES
28
10.2.3. NO DEFAULT
28
10.2.4. BORROWING BASE CERTIFICATE
28
10.3. CONDITIONS TO ADVANCES FOR THE APPROVED ACQUISITIONS
28
10.3.1. APPROVED ACQUISITION DELIVERABLES
28
10.3.2. SATISFACTION OF CONDITIONS TO THE APPROVED ACQUISITIONS
28
10.3.3. ADDITIONAL SUBSIDIARIES
29
10.3.4. AUTHORITY TO CONSUMMATE THE APPROVED ACQUISITIONS
30
10.3.5. REQUEST TO FUND
30
11. CONDITIONS TO ISSUANCE OF LETTERS OF CREDIT
30
11.1. LETTER OF CREDIT APPLICATION/REIMBURSEMENT AGREEMENT
30
11.2. NO PROHIBITIONS
30
11.3. REPRESENTATIONS AND WARRANTIES
31
11.4. NO DEFAULT
31
11.5. OTHER CONDITIONS
31
12. REPRESENTATIONS AND WARRANTIES
31
12.1. ORGANIZATION AND EXISTENCE
31
12.2. AUTHORIZATION
31
12.3. DUE EXECUTION
31
iii
CONFIDENTIAL TREATMENT REQUESTED BY
TALX CORPORATION
12.4. ENFORCEABILITY OF OBLIGATIONS
31
12.5. BURDENSOME OBLIGATIONS
32
12.6. LEGAL RESTRAINTS
32
12.7. LABOR CONTRACTS AND DISPUTES
32
12.8. NO MATERIAL PROCEEDINGS
32
12.9. MATERIAL LICENSES
32
12.10. COMPLIANCE WITH MATERIAL LAWS
32
12.10.1. GENERAL COMPLIANCE WITH ENVIRONMENTAL LAWS AND EMPLOYMENT LAWS
32
12.10.2. PROCEEDINGS
32
12.10.3. INVESTIGATIONS REGARDING HAZARDOUS MATERIALS
32
12.10.4. NOTICES AND REPORTS REGARDING HAZARDOUS MATERIALS
33
12.10.5. ENVIRONMENTAL PROPERTY TRANSFER ACTS
33
12.11. OTHER NAMES
33
12.12. CONSUMMATION OF CURRENT ACQUISITION, AND APPROVED ACQUISITIONS
33
12.13. PRIOR TRANSACTIONS
34
12.14. CAPITALIZATION
34
12.15. SOLVENCY
34
12.16. PROJECTIONS; PRO FORMA BALANCE SHEET
34
12.17. FINANCIAL STATEMENTS
34
12.18. NO CHANGE IN CONDITION
35
12.19. INVESTMENTS
35
12.20. INDEBTEDNESS
35
12.21. INDIRECT OBLIGATIONS
35
12.22. OPERATING LEASES
35
12.23. CAPITAL LEASES
35
12.24. TAX LIABILITIES; GOVERNMENTAL CHARGES
35
12.25. PENSION BENEFIT PLANS
35
12.25.1. PROHIBITED TRANSACTIONS
35
12.25.2. CLAIMS
36
12.25.3. REPORTING AND DISCLOSURE REQUIREMENTS
36
12.25.4. ACCUMULATED FUNDING DEFICIENCY
36
12.25.5. MULTI-EMPLOYER PLAN
36
12.26. WELFARE BENEFIT PLANS
36
12.27. RETIREE BENEFITS
36
12.28. DISTRIBUTIONS
37
12.29. REAL PROPERTY
37
12.30.