Best Buy 2003 Annual Report Download - page 78
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5.12.2 proves to have omitted any substantial contingent or unliquidated liability or claim against the
Borrower, the existence of which would materially adversely affect the business of the Borrower;
or, on or before the date of execution of this Offer Letter or the Loan Documents, there shall have been any material adverse change in
any of the facts disclosed by any such certificate, statement, representation, warranty or audit report, which change shall not have been
disclosed to the Bank at or prior to the time of such execution.
6. General:
6.1. Conditions Precedent − It shall be a condition precedent to the availability of the
Loans that the Bank shall have received:
6.1.1 the Loan Documents identified above, completed in form and content satisfactory to the Bank’s
solicitors;
6.1.2 a fully executed intercreditor agreement among the Bank, U.S. Bank National Association (as
agent under the U.S. Credit Agreement), the Borrower and Best Buy Co. in form and content satisfactory
to the Bank and its solicitors;
6.1.3 confirmation that the insurance contemplated under the heading “Loan Documents” above has
been renewed on terms and conditions acceptable to the Bank;
9
6.1.4 evidence satisfactory to the Bank that the Borrower is in compliance in all material
respects with all of the covenants, representations and warranties set out in this Offer Letter
and the Loan Documents; and
6.1.5 executed copies of the U.S. Credit Agreement and the Indentures governing the Convertible
Debentures;
6.2. Currency − In the Offer Letter, words or figures expressed in dollars or the
symbol for dollars without any other indication mean Canadian Dollars; provided that:
6.2.1 all advances made available by the Bank under the Loans shall be repaid in the currency in
which they are denominated;