ENVIRONMENTAL LAWS, RULES, REGULATIONS AND
ORDERS), A BREACH OF WHICH WOULD REASONABLY BE EXPECTED TO HAVE A MATERIAL
ADVERSE EFFECT.
17
SECTION 7.14.
PERFECTED SECURITY INTERESTS.
THIS
AGREEMENT, THE OTHER RELATED DOCUMENTS AND THE FILING OF FINANCING STATEMENTS
NECESSARY TO PERFECT THE SECURITY INTERESTS GRANTED IN THE COLLATERAL CREATE A
VALID AND PERFECTED FIRST PRIORITY SECURITY INTEREST IN SUCH OF THE COLLATERAL
AS TO WHICH A SECURITY INTEREST MAY BE PERFECTED BY THE FILING OF A FINANCING
STATEMENT, SUBJECT ONLY TO PERMITTED LIENS.
THE FILING OF AIRCRAFT SECURITY
AGREEMENTS (IN FORM AND SUBSTANCE SATISFACTORY TO THE BANK) WITH THE APPLICABLE
GOVERNMENTAL REGULATORY AGENCIES FOR THE COUNTRIES IN WHICH SUCH AIRCRAFT ARE
REGISTERED, AND THE INTERNATIONAL REGISTRY PURSUANT TO THE CAPE TOWN CONVENTION
SHALL CONSTITUTE PERFECTION OF SECURITY INTEREST OF BANK IN SUCH AIRCRAFT
REQUIRED UNDER THIS AGREEMENT AND THE RELATED DOCUMENTS.
AS OF THE DATE OF THIS
AGREEMENT, THE FILING OFFICES NECESSARY TO PERFECT THE SECURITY INTERESTS
GRANTED HEREUNDER IN THE COLLATERAL IN WHICH A SECURITY INTEREST MAY BE
PERFECTED BY THE FILING OF A FINANCING STATEMENT ARE LISTED ON SCHEDULE 7.19
ATTACHED HERETO, AND ALL FILINGS AND OTHER ACTIONS NECESSARY OR DESIRABLE TO
PERFECT SUCH SECURITY INTEREST HAVE BEEN DULY TAKEN.
SECTION 7.15.
CHIEF EXECUTIVE OFFICE.
THE CHIEF
EXECUTIVE OFFICE AND PRINCIPAL PLACE OF BUSINESS OF BORROWER IS 1100 N. WOOD
DALE ROAD, WOOD DALE, ILLINOIS 60191.
SECTION 7.16.
OTHER REPRESENTATIONS AND WARRANTIES.
TO
THE BEST OF BORROWER'S KNOWLEDGE, EACH OF THE REPRESENTATIONS AND WARRANTIES BY
THE BORROWER OR THE GUARANTOR IN THE RELATED DOCUMENTS AND ALL INFORMATION SHOWN
IN SCHEDULES, REPORTS AND OTHER DOCUMENTS PREPARED BY OR AT THE REQUEST OF THE
BORROWER AND DELIVERED TO THE BANK, AS SUCH INFORMATION MAY BE MODIFIED BY
INFORMATION MADE AVAILABLE TO THE BANK PURSUANT TO SECTION 8.1, IS TRUE AND
CORRECT, IN ALL MATERIAL RESPECTS.
SECTION 7.17.
ANTI-TERRORISM LAW COMPLIANCE.
NEITHER
THE BORROWER NOR ANY OF ITS SUBSIDIARIES IS SUBJECT TO OR IN VIOLATION OF ANY
LAW, REGULATION, OR LIST OF ANY GOVERNMENT AGENCY (INCLUDING WITHOUT LIMITATION,
THE U.S. OFFICE OF FOREIGN ASSET CONTROL LIST, EXECUTIVE ORDER NO. 13224 OF THE
USA PATRIOT ACT) THAT PROHIBITS OR LIMITS THE CONDUCT OF BUSINESS WITH OR THE
RECEIVING OF FUNDS, GOODS OR SERVICES TO OR FOR THE BENEFIT OF CERTAIN PERSONS
SPECIFIED THEREIN OR THAT PROHIBITS OR LIMITS ANY BANK FROM MAKING ANY ADVANCES
OR EXTENSIONS OF CREDIT TO THE BORROWER OR FROM OTHERWISE CONDUCTING BUSINESS
WITH THE BORROWER.
THE BORROWER AND THE GUARANTOR SHALL EXECUTE AND DELIVER TO
THE BANK SUCH INFORMATION REQUIRED BY THE BANK TO VERIFY THEIR RESPECTIVE
IDENTITIES, AND TO VERIFY THE ACCURACY OF THE REPRESENTATIONS SET FORTH IN THIS
SECTION 7.23.
ARTICLE VIII
COVENANTS
Until the Credit Termination Date and thereafter until all Obligations including
any Recovery Claims arising hereunder or under any of the Related Documents are
paid in full, the Borrower agrees that, unless at any time the Bank shall
otherwise expressly consent in writing, it will:
18
SECTION 8.1.
REPORTS, CERTIFICATES AND