SWY » Topics » 8.6 Compliance with Laws, etc .

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

8.6 Compliance with Laws, etc.

 

Each Borrower shall, and shall cause each of its Subsidiaries to, comply with the requirements of all applicable laws, rules, regulations and orders of any governmental authority, noncompliance with which would reasonably be expected to result in a Material Adverse Effect.

 

Section 9. BORROWERS’ NEGATIVE COVENANTS

 

Each Borrower covenants and agrees (which covenants and agreements, in the case of Canada Safeway shall be limited to those covenants and agreements that are within the control and discretion of Canada Safeway and its Subsidiaries) that, so long as the Commitments hereunder shall remain in effect and until payment in full of all of the Loans, Acceptances and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, such Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 9.

 

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