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Credit Agreement

 

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Title:

Credit Agreement

Entities:

Citrix Systems, Inc.; Comerica Bank; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; Bank of America, NA; Bank of New York

Date:

2005

Size:

Preview shows 39KB of 188KB total

Price:

$86

ID:

#1141936

 

 

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CREDIT AGREEMENT

 

dated as of

 

August 9, 2005

 

among

 

CITRIX SYSTEMS INTERNATIONAL GMBH,

as Borrower,

 

The Lenders Party Hereto

 

and

 

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent, as Collateral Agent and as UK Security Trustee

 


 

J.P. MORGAN SECURITIES INC.,

as Sole Bookrunner and Sole Lead Arranger

 



TABLE OF CONTENTS

 

          Page

ARTICLE I Definitions

   1

SECTION 1.01.

  

Defined Terms

   1

SECTION 1.02.

  

Classification of Loans and Borrowings

   14

SECTION 1.03.

  

Terms Generally

   14

SECTION 1.04.

  

Accounting Terms; GAAP

   15

ARTICLE II The Credits

   15

SECTION 2.01.

  

Commitments

   15

SECTION 2.02.

  

Loans and Borrowings

   15

SECTION 2.03.

  

Funding of Borrowings

   15

SECTION 2.04.

  

Interest Elections

   16

SECTION 2.05.

  

Repayment of Loans; Evidence of Debt

   17

SECTION 2.06.

  

Prepayment of Loans

   18

SECTION 2.07.

  

Fees

   18

SECTION 2.08.

  

Interest

   19

SECTION 2.09.

  

Alternate Rate of Interest

   19

SECTION 2.10.

  

Increased Costs

   20

SECTION 2.11.

  

Break Funding Payments

   21

SECTION 2.12.

  

Taxes

   21

SECTION 2.13.

  

Payments Generally; Pro Rata Treatment; Sharing of Set-offs

   23

SECTION 2.14.

  

Mitigation Obligations; Replacement of Lenders

   24

ARTICLE III Representations and Warranties

   25

SECTION 3.01.

  

Organization; Powers

   25

SECTION 3.02.

  

Authorization; Enforceability

   25

SECTION 3.03.

  

Governmental Approvals; No Conflicts

   25

SECTION 3.04.

  

Financial Condition; No Material Adverse Change

   25

SECTION 3.05.

  

Properties

   26

SECTION 3.06.

  

Litigation and Environmental Matters

   26

SECTION 3.07.

  

Compliance with Laws and Agreements

   26

SECTION 3.08.

  

Investment and Holding Company Status

   26

SECTION 3.09.

  

Taxes

   26

SECTION 3.10.

  

Foreign Pension Plans

   27

SECTION 3.11.

  

Disclosure

   27

SECTION 3.12.

  

Security Documents

   28

SECTION 3.13.

  

Subsidiaries

   28

SECTION 3.14.

  

Environmental Matters

   28

ARTICLE IV Conditions

   28

SECTION 4.01.

  

Effective Date

   28

ARTICLE V Affirmative Covenants

   30

SECTION 5.01.

  

Financial Statements and Other Information

   30

 

i



 

SECTION 5.02.

  

Notices of Material Events

   30

SECTION 5.03.

  

Existence; Conduct of Business

   31

SECTION 5.04.

  

Payment of Obligations

   31

SECTION 5.05.

  

Maintenance of Properties; Insurance

   31

SECTION 5.06.

  

Books and Records; Inspection Rights

   31

SECTION 5.07.

  

Compliance with Laws

   32

SECTION 5.08.

  

Use of Proceeds

   32

SECTION 5.09.

  

Further Assurances; etc.

   32

SECTION 5.10.

  

Ownership of Subsidiaries; etc.

   33

SECTION 5.11.

  

Additional Guarantors and Collateral

   33

ARTICLE VI Negative Covenants

   34

SECTION 6.01.

  

Indebtedness

   34

SECTION 6.02.

  

Liens

   34

SECTION 6.03.

  

Fundamental Changes

   34

SECTION 6.04.

  

Investments, Loans, Advances, Guarantees and Acquisitions

   35

SECTION 6.05.

  

Swap Agreements

   35

SECTION 6.06.

  

Restricted Payments

   35

SECTION 6.07.

  

Transactions with Affiliates

   35

SECTION 6.08.

  

Restrictive Agreements

   35

SECTION 6.09.

  

Minimum Interest Coverage Ratio

   36

SECTION 6.10.

  

Maximum Leverage Ratio

   36

SECTION 6.11.

  

Fiscal Year

   36

SECTION 6.12.

  

Subordinated Indebtedness; Other Indebtedness and Payments

   36

ARTICLE VII Events of Default

   36

ARTICLE VIII The Administrative Agent

   39

ARTICLE IX Miscellaneous

   42

SECTION 9.01.

  

Notices

   42

SECTION 9.02.

  

Waivers; Amendments

   43

SECTION 9.03.

  

Expenses; Indemnity; Damage Waiver

   44

SECTION 9.04.

  

Successors and Assigns

   45

SECTION 9.05.

  

Survival

   48

SECTION 9.06.

  

Counterparts; Integration; Effectiveness

   48

SECTION 9.07.

  

Severability

   48

SECTION 9.08.

  

Right of Setoff

   48

SECTION 9.09.

  

Governing Law; Jurisdiction; Consent to Service of Process

   49

SECTION 9.10.

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