ARTICLE VI COVENANTS AND AGREEMENTS
Section 6.10 Financing.
(a) Each of the Equity Investor, Parent and Acquisition Sub shall take or cause to be taken, and shall cause their respective Affiliates and its and their respective Representatives to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable to arrange, obtain and consummate the Financing at or prior to the Closing on the terms and subject to the conditions set forth in the Financing Commitments (including any “flex” provisions), including executing and delivering all such documents and instruments as may be reasonably required thereunder and:
(i) complying with and maintaining in full force and effect the Financing and the Financing Commitments (and, once entered into, the Financing Agreements) in accordance with the terms and conditions thereof and negotiating and entering into definitive financing agreements with respect to the Debt Financing on the terms and conditions set forth in the Debt Commitment Letters (including any “flex” provisions) and containing no (I) conditions to the consummation of all or any portion of the Debt Financing other than the conditions set forth in Exhibit E to the Bank Debt Commitment Letter or Exhibit B to the Margin Loan Commitment Letter, as the case may be, in each case, as in effect on the date hereof, or (II) provisions that could reasonably be expected to prevent, impede, delay or adversely affect the availability of any of the Debt Financing or the consummation of the Merger and the other transactions contemplated by this Agreement (such definitive agreements, the “Financing Agreements”) so that the Financing Agreements are in full force and effect no later than the Closing;
(ii) satisfying, or obtaining the waiver of, as promptly as practicable and on a timely basis (and in any event, no later than the Closing) all conditions to the Debt Financing contemplated by the Debt Commitment Letters and Financing Agreements that are within its or their control, including, without limitation:
(A) on or prior to the Closing Date, transferring Tesla Shares to the Margin Loan Borrower and causing the Margin Loan Borrower to credit to collateral accounts pledged to the applicable Debt Financing Sources in respect of the Margin Loan Financing and held through the facilities of DTC, in each case, sufficient Tesla Shares, which shall be free from all transfer restrictions and restrictive conditions (other than permitted restrictions contemplated under the Financing Documents in respect of the Margin Loan Financing), to cause the LTV Ratio (as defined in the Margin Loan Commitment Letter) not to exceed 20% as of the Closing Date;
(B) ensuring the absence of (1) any default or event of default (or any equivalent term) under the Financing Agreements in respect of the Margin Loan Financing, or (2) any Potential Adjustment Event or Mandatory Prepayment Event (in each case, under and as defined in the Margin Loan Commitment Letter);
(C) (x) maintaining the Margin Loan Borrower as a wholly owned subsidiary of Parent and Elon Musk, and (y) causing the organizational documents of the Margin Loan Borrower not to contain, and causing the Margin Loan Borrower not to enter into any Contract, that would (1) impede or prevent the Margin Loan Borrower or any of its Affiliates from enforcing or the Margin Loan Borrower’s rights in respect of the Debt Financing Sources under the Margin Loan Commitment Letter or any Financing Agreement in respect thereof or (2) impede or prevent the Margin Loan Borrower or any of its Affiliates from applying the proceeds of the loans to pay any Funding Obligations; and
(D) causing Elon Musk to (1) fully and unconditionally guarantee all obligations of the Margin Loan Borrower under the Margin Loan Financing to the extent required to consummate the Margin Loan Financing and (2) at all times through and including the Closing Date to own (beneficially and of record), directly or indirectly, all of the outstanding equity interests of, and Control, the Margin Loan Borrower;
(iii) accepting (and complying with) to the fullest extent all “flex” provisions contemplated by the Debt Commitment Letters;
(iv) causing the Financing Sources to fund the Financing no later than the Closing (including by enforcing its rights under the Debt Commitment Letters and/or Financing Agreements, as applicable).
【参考訳】(a) Equity Investor、Parent、およびAcquisition Subは、Closing時までに、Financing Commitmentsに記載された条件および条件に従って、Financingを手配し、取得し、完了するために必要かつ適切なすべての措置を講じるか、または講じさせ、それぞれの関係会社およびそれぞれの代理人に対して、必要な書類および文書を合理的に要求されるかたちで実行し、提出することを保証しなければなりません。具体的には、以下のことを行い、または行わせるものとします。
(i) FinancingおよびFinancing Commitments（および締結後はFinancing Agreements）を条件と規定に従って遵守し、維持し、Financing Agreementsを交渉し、Debt Commitment Lettersに規定される条件および規定に従ってDebt Financingに関する確定的な融資契約を締結し、Closingまでに有効な状態であるようにし、(I) Bank Debt Commitment LetterのExhibit EまたはMargin Loan Commitment LetterのExhibit Bに記載の条件以外でDebt Financingの全部または一部の成立を妨げる可能性がある規定を含まない、または(II) Debt Financingのいずれかの利用可能性またはMergerおよび本契約により予定される他の取引の完了を妨げ、阻害、遅延または不利に影響を及ぼす可能性のある規定を含まないようにするため、Debt Financingに関する確定的な契約（以下、「Financing Agreements」といいます）をClosingまでに完全かつ有効にする。
(ii) Debt Commitment LettersおよびFinancing Agreementsにおいて制御下にあるDebt Financingに関連するDebt Commitment LettersおよびFinancing Agreementsによって想定されるDebt Financingの条件を遵守し、またはそれらの条件を可能な限り早急かつタイムリーに満たすか、その免除を取得する。これには、次の事項を含みます。
(A) Closing Dateまでに、Closing Date時点で制約や制限条件を除くMargin Loan FinancingのFinancing Documentsに規定された許容される制約によって担保口座に誓約され、DTCの手続を通じて保有されるMargin Loan Financing Sourcesへの担保口座へのTesla株の譲渡により、Closing Date時点でLTV比率（Margin Loan Commitment Letterで定義される）が20%を超えないようにするために十分なTesla株を提供すること。
(B) Margin Loan Financingに関するFinancing Agreementsのいずれかにおけるデフォルトまたはイベントの発生（またはそれに相当する用語）がないこと、またはMargin Loan Commitment Letterで定義されるPotential Adjustment EventまたはMandatory Prepayment Eventが発生しないことを確認すること。
(C) Margin Loan BorrowerをParentおよびElon Muskの完全な子会社とし、Margin Loan Borrowerの組織文書がMargin Loan Commitment Letterまたは関連するFinancing Agreementに規定されるMargin Loan Financing Sourcesに対するMargin Loan Borrowerの権利の行使を妨げるものまたは防ぐものではなく、およびFunding Obligationsの支払いに貸付金の収益を適用することを妨げるものまたは防ぐものとなる契約をMargin Loan Borrowerが締結しないこと。
(D) Elon Muskが（1）Margin Loan FinancingのMargin Loan Borrowerに対するすべての債務を完全かつ無条件に保証し、かつ（2）Closing DateまでにMargin Loan Borrowerのすべての発行済み株式の所有権（有益および公正）を直接または間接に保持し、Margin Loan Borrowerを制御すること。
(iii) Debt Commitment Lettersによって予定されているすべての「flex」規定を最大限に受け入れ（および遵守）する。
(iv) Financing SourcesによるFinancingの提供をClosingまでに確保する（Debt Commitment Lettersおよび/またはFinancing Agreementsの権利の行使を通じて）。
