|
|
|
|
Document Preview Receivables Loan and Security Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Receivables Loan and Security Agreement |
|||
|
Entities: |
Citibank, NA; JPMorgan Chase Bank; Maxtor Corp.; McGraw-Hill Companies Inc.; U.S. Bank, NA; Bank of America, NA |
|||
|
Date: |
2004 |
|||
|
Size: |
Preview shows 6KB of 308KB total |
|||
|
Price: |
$79 |
|||
|
ID: |
#1132748 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
U.S. $100,000,000
RECEIVABLES LOAN AND SECURITY AGREEMENT
Dated as of June 24, 2004
Among
MAXTOR RECEIVABLES LLC,
as the Borrower
and
MAXTOR CORPORATION,
as the Servicer
and
MERRILL LYNCH COMMERCIAL FINANCE CORP.,
as the Lender
and
MERRILL LYNCH COMMERCIAL FINANCE CORP.,
as Agent
and
U.S. BANK NATIONAL ASSOCIATION,
the Trustee and the Collection Account Bank
and
LYON FINANCIAL SERVICES, INC. (doing business as U.S. Bank Portfolio Services),
as the Backup Servicer
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S> <C>
I. DEFINITIONS................................................................................... 2
SECTION 1.01 Certain Defined Terms............................................................ 2
SECTION 1.02 Other Terms...................................................................... 25
SECTION 1.03 Computation of Time Periods...................................................... 25
II. THE RECEIVABLES FACILITY...................................................................... 25
SECTION 2.01 Borrowings....................................................................... 25
SECTION 2.02 The Initial Borrowing and Subsequent Borrowings.................................. 26
SECTION 2.03 Facility Maturity Date........................................................... 26
SECTION 2.04 Determination of Fixed Periods................................................... 27
SECTION 2.05 Remittance Procedures............................................................ 27
(a) Yield and Liquidation Fees.......................................................... 27
(b) [Intentionally omitted.]............................................................ 27
(c) Remittance Date Transfers from Collection Account................................... 27
(d) Borrower Deficiency Payments........................................................ 28
(e) [Intentionally omitted.]............................................................ 29
(f) Reinvestment Withdrawals............................................................ 29
(g) Instructions to the Collection Account Bank......................................... 29
SECTION 2.06 Payments and Computations, Etc................................................... 29
SECTION 2.07 Fees............................................................................. 30
SECTION 2.08 Increased Costs; Capital Adequacy................................................ 30
SECTION 2.09 Collateral Assignment of Agreements.............................................. 31
SECTION 2.10 Grant of a Security Interest..................................................... 32
SECTION 2.11 Limitations on Duties............................................................ 33
SECTION 2.12 Exculpatory Provisions........................................................... 33
SECTION 2.13 Reliance......................................................................... 33
SECTION 2.14 Delegation of Duties by the Agent................................................ 34
SECTION 2.15 Agent............................................................................ 35
SECTION 2.16 Evidence of Debt................................................................. 35
SECTION 2.17 Survival of Representations and Warranties; Repayment Obligations................ 36
SECTION 2.18 Release of Pledged Receivables................................................... 36
SECTION 2.19 Treatment of Amounts Paid by the Borrower........................................ 36
SECTION 2.20 Termination...................................................................... 36
SECTION 2.21 Increase of Borrowing Limit...................................................... 36
SECTION 2.22 Successor Trustee................................................................ 37
|
End of Preview |
Home Intelligence Services Subscriptions News About Us