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Title: |
Credit Agreement |
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Entities: |
Arch Coal, Inc.; Bank of Montreal; Citibank, NA; Citigroup Global Markets Inc.; Comerica Bank; Natural Resource Partners LP; PNC Bank, NA; PNC Capital Markets, Inc.; Royal Bank of Canada; Wachovia Bank, NA; Wachovia Capital Markets, LLC; Bank of New York |
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Date: |
2004 |
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Size: |
Preview shows 17KB of 257KB total |
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Price: |
$95 |
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ID: |
#1089925 |
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EXHIBIT 10.1
$175,000,000 Revolving Loan
CREDIT AGREEMENT
dated as of
October 29, 2004
among
NRP (OPERATING) LLC,
as Borrower
The Lenders Party Hereto
and
CITIBANK, N.A.,
as Administrative Agent
CITIGROUP GLOBAL MARKETS, INC. and WACHOVIA CAPITAL MARKETS, LLC
as Joint Lead Arrangers and Joint Bookrunners
WACHOVIA BANK, NATIONAL ASSOCIATION
as Syndication Agent
TABLE OF CONTENTS
| Page |
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ARTICLE I DEFINITIONS |
1 | |||
SECTION 1.01. Defined Terms |
1 | |||
SECTION 1.02. Classification of Loans and Borrowings |
16 | |||
SECTION 1.03. Terms Generally |
16 | |||
SECTION 1.04. Accounting Terms; GAAP |
17 | |||
ARTICLE II THE CREDITS |
17 | |||
SECTION 2.01. Commitments |
17 | |||
SECTION 2.02. Loans and Borrowings |
17 | |||
SECTION 2.03. Requests for Revolving Borrowings |
18 | |||
SECTION 2.04. Intentionally Deleted |
18 | |||
SECTION 2.05. Intentionally Deleted |
18 | |||
SECTION 2.06. Letters of Credit |
18 | |||
SECTION 2.07. Funding of Borrowings |
23 | |||
SECTION 2.08. Interest Elections |
23 | |||
SECTION 2.09. Termination and Reduction of Commitments |
24 | |||
SECTION 2.10. Repayment of Loans; Evidence of Debt |
25 | |||
SECTION 2.11. Prepayment of Loans |
25 | |||
SECTION 2.12. Fees |
26 | |||
SECTION 2.13. Interest |
27 | |||
SECTION 2.14. Alternate Rate of Interest |
27 | |||
SECTION 2.15. Increased Costs |
28 | |||
SECTION 2.16. Break Funding Payments |
29 | |||
SECTION 2.17. Taxes |
29 | |||
SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs |
30 | |||
SECTION 2.19. Mitigation Obligations; Replacement of Lenders |
32 | |||
SECTION 2.20. Increase of Commitments |
32 | |||
ARTICLE III REPRESENTATIONS AND WARRANTIES |
34 | |||
SECTION 3.01. Organization; Powers |
34 | |||
SECTION 3.02. Authorization; Enforceability |
34 | |||
SECTION 3.03. No Undisclosed Liabilities |
34 | |||
SECTION 3.04. Governmental Approvals; No Conflicts |
34 | |||
SECTION 3.05. Financial Condition; No Material Adverse Change |
35 | |||
SECTION 3.06. Properties |
35 | |||
SECTION 3.07. Litigation and Environmental Matters |
35 | |||
SECTION 3.08. Compliance with Laws and Agreements |
35 | |||
SECTION 3.09. Investment and Holding Company Status |
35 | |||
SECTION 3.10. Taxes |
36 | |||
SECTION 3.11. ERISA |
36 | |||
SECTION 3.12. Disclosure |
36 | |||
SECTION 3.13. Labor Matters |
36 | |||
SECTION 3.14. Subsidiaries |
36 | |||
i
| Page |
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SECTION 3.15. Margin Stock |
36 | |||
SECTION 3.16. Licenses and Permits |
37 | |||
SECTION 3.17. Reportable Transaction |
37 | |||
SECTION 3.18. Public Utility Holding Company Act |
37 | |||
SECTION 3.19. Senior Debt Status |
37 | |||
SECTION 3.20. Leases |
37 | |||
SECTION 3.21. Solvency |
37 | |||
SECTION 3.22. Foreign Assets Control Regulation |
37 | |||
SECTION 3.23. Representations Regarding the Parent |
38 | |||
ARTICLE IV CONDITIONS |
38 | |||
SECTION 4.01. Effective Date |
38 | |||
SECTION 4.02. Each Credit Event |
39 | |||
ARTICLE V AFFIRMATIVE COVENANTS |
40 | |||
SECTION 5.01. Financial Statements; Ratings Change and Other Information |
40 | |||
SECTION 5.02. Notices of Material Events |
41 | |||
SECTION 5.03. Existence; Conduct of Business |
41 | |||
SECTION 5.04. Payment of Obligations |
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