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Document Preview Credit Agreement |
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Title: |
Credit Agreement |
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Entities: |
Banc of America Securities LLC; Cincinnati Bell Inc.; Cingular Wireless LLC; Citicorp USA, Inc.; Citigroup Global Markets Inc.; McGraw-Hill Companies Inc.; PNC Bank, NA; Bank of America, NA; Bank of New York; Cravath, Swaine & Moore LLP |
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Date: |
2005 |
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Size: |
Preview shows 100KB of 423KB total |
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Price: |
$99 |
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ID: |
#1050488 |
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Start of Preview |
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Section |
Page | |
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ARTICLE I |
DEFINITIONS AND ACCOUNTING TERMS |
1 |
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1.01 |
Defined Terms. |
1 |
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1.02 |
Other Interpretive Provisions. |
36 |
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1.03 |
Accounting Terms. |
37 |
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1.04 |
Rounding. |
38 |
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1.05 |
Times of Day. |
38 |
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1.06 |
Letter of Credit Amounts. |
38 |
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ARTICLE II |
THE COMMITMENTS AND CREDIT EXTENSIONS |
38 |
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2.01 |
Committed Loans. |
38 |
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2.02 |
Borrowings, Conversions and Continuations of Committed Loans. |
39 |
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2.03 |
Letters of Credit. |
41 |
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2.04 |
Swingline Loans |
49 |
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2.05 |
Prepayments. |
52 |
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2.06 |
Termination or Reduction of Aggregate Revolving Commitments. |
54 |
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2.07 |
Repayment of Loans. |
55 |
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2.08 |
Interest. |
55 |
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2.09 |
Fees. |
56 |
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2.10 |
Computation of Interest and Fees. |
56 |
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2.11 |
Evidence of Debt. |
57 |
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2.12 |
Payments Generally; Administrative Agents Clawback. |
57 |
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2.13 |
Sharing of Payments by Lenders. |
59 |
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ARTICLE III |
TAXES, YIELD PROTECTION AND ILLEGALITY |
60 |
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3.01 |
Taxes. |
60 |
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3.02 |
Illegality. |
62 |
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3.03 |
Inability to Determine Rates. |
63 |
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3.04 |
Increased Costs. |
63 |
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3.05 |
Compensation for Losses; Breakage Payments. |
65 |
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3.06 |
Mitigation Obligations; Replacement of Lenders. |
66 |
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3.07 |
Survival. |
66 |
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ARTICLE IV |
GUARANTY |
66 |
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4.01 |
The Guaranty. |
66 |
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4.02 |
Obligations Unconditional. |
67 |
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4.03 |
Reinstatement. |
68 |
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4.04 |
Certain Additional Waivers. |
68 |
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4.05 |
Remedies. |
69 |
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4.06 |
Rights of Contribution. |
69 |
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4.07 |
Guarantee of Payment; Continuing Guarantee. |
69 |
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ARTICLE V CONDITIONS |
PRECEDENT TO CREDIT EXTENSIONS |
69 |
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5.01 |
Conditions of Closing Date and Initial Credit Extension. |
69 |
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5.02 |
Conditions to all Credit Extensions. |
72 |
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ARTICLE VI |
REPRESENTATIONS AND WARRANTIES |
73 |
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6.01 |
Existence, Qualification and Power. |
73 |
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6.02 |
Authorization; No Contravention. |
73 |
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6.03 |
Governmental Authorization; Other Consents. |
73 |
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6.04 |
Binding Effect. |
74 |
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6.05 |
Financial Statements; No Material Adverse Effect. |
74 |
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6.06 |
Litigation. |
75 |
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6.07 |
No Default. |
75 |
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6.08 |
Ownership of Property; Liens. |
75 |
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6.09 |
Environmental Compliance. |
75 |
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6.10 |
Insurance. |
76 |
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6.11 |
Taxes. |
76 |
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6.12 |
ERISA Compliance. |
77 |
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6.13 |
Capital Structure/Subsidiaries. |
77 |
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6.14 |
Margin Regulations; Investment Company Act; Public Utility Holding Company Act. |
77 |
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6.15 |
Disclosure. |
77 |
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6.16 |
Compliance with Laws. |
78 |
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6.17 |
Intellectual Property. |
78 |
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6.18 |
Solvency. |
78 |
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6.19 |
Telecommunications Regulatory Matters. |
78 |
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ARTICLE VII |
AFFIRMATIVE COVENANTS |
79 |
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7.01 |
Financial Statements. |
79 |
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7.02 |
Certificates; Other Information. |
80 |
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7.03 |
Notices and Information. |
81 |
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7.04 |
Payment of Obligations. |
82 |
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7.05 |
Preservation of Existence, Etc. |
82 |
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7.06 |
Maintenance of Properties. |
83 |
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7.07 |
Maintenance of Insurance. |
83 |
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7.08 |
Compliance with Laws and Contractual Obligations. |
83 |
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7.09 |
Books and Records. |
83 |
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7.10 |
Inspection Rights. |
84 |
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7.11 |
Use of Proceeds. |
84 |
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7.12 |
Additional Guarantors. |
84 |
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7.13 |
Further Assurances. |
86 |
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ARTICLE VIII |
NEGATIVE COVENANTS |
86 |
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8.01 |
Liens. |
87 |
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8.02 |
Investments. |
89 |
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8.03 |
Indebtedness. |
92 |
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8.04 |
Fundamental Changes. |
95 |
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8.05 |
Dispositions. |
96 |
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8.06 |
Restricted Payments. |
96 |
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8.07 |
Change in Nature of Business. |
97 |
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8.08 |
Transactions with Affiliates and Insiders. |
97 |
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8.09 |
Burdensome Agreements. |
98 |
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8.10 |
Use of Proceeds. |
98 |
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8.11 |
Financial Covenants. |
98 |
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8.12 |
Prepayment of Other Indebtedness, Amendment of Documents, Etc. |
100 |
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8.13 |
Organization Documents; Fiscal Year. |
101 |
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8.14 |
Ownership of Subsidiaries. |
101 |
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8.15 |
Negative Covenants Applicable to Wireless Holdco. |
101 |
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8.16 |
Designated Senior Indebtedness. |
101 |
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ARTICLE IX |
EVENTS OF DEFAULT AND REMEDIES |
102 |
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9.01 |
Events of Default. |
102 |
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9.02 |
Remedies Upon Event of Default. |
104 |
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9.03 |
Application of Funds. |
105 |
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ARTICLE X |
ADMINISTRATIVE AGENT |
106 |
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10.01 |
Appointment and Authority. |
106 |
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10.02 |
Rights as a Lender. |
106 |
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10.03 |
Exculpatory Provisions. |
106 |
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10.04 |
Reliance by Administrative Agent. |
107 |
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10.05 |
Delegation of Duties. |
108 |
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10.06 |
Resignation of Administrative Agent. |
108 |
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10.07 |
Non-Reliance on Administrative Agent and Other Lenders. |
109 |
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10.08 |
No Other Duties, Etc.. |
109 |
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10.09 |
Administrative Agent May File Proofs of Claim. |
109 |
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10.10 |
Collateral and Guaranty Matters. |
110 |
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ARTICLE XI |
MISCELLANEOUS |
111 |
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11.01 |
Amendments, Etc. |
111 |
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11.02 |
Notices. Effectiveness of Electronic Communications. |
115 |
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11.03 |
No Waiver; Cumulative Remedies. |