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Title: |
Credit Agreement |
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Entities: |
Caraco Pharmaceutical Laboratories Ltd.; JPMorgan Chase Bank; Bank of New York |
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Date: |
2006 |
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Size: |
Preview shows 50KB of 153KB total |
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Price: |
$55 |
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ID: |
#1177962 |
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Start of Preview |
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CREDIT AGREEMENT
dated as of
November 17, 2005
among
CARACO PHARMACEUTICAL LABORATORIES, LTD.
and
JPMORGAN CHASE BANK, N.A.
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TABLE OF CONTENTS | ||||
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Page |
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ARTICLE I | ||||
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Definitions | ||||
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SECTION 1.01. |
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Defined Terms |
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1 |
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SECTION 1.02. |
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Classification of Loans and Borrowings |
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17 |
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SECTION 1.03. |
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Terms Generally |
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17 |
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SECTION 1.04. |
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Accounting Terms; GAAP |
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18 |
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ARTICLE II | ||||
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The Credits | ||||
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SECTION 2.01. |
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Commitment |
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17 |
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SECTION 2.02. |
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Loans and Borrowings |
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18 |
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SECTION 2.03. |
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Requests for Borrowings |
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18 |
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SECTION 2.04. |
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Evidence of Debt |
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19 |
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SECTION 2.05. |
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Letters of Credit |
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20 |
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SECTION 2.06. |
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Funding of Borrowings |
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21 |
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SECTION 2.07. |
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Interest Elections |
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21 |
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SECTION 2.08. |
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Termination and Reduction of Commitment |
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22 |
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SECTION 2.09. |
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Repayment of Loans |
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23 |
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SECTION 2.10. |
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Prepayment of Loans |
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24 |
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SECTION 2.11. |
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Fees |
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25 |
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SECTION 2.12. |
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Interest |
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25 |
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SECTION 2.13. |
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Alternate Rate of Interest |
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25 |
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SECTION 2.14. |
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Increased Costs |
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26 |
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SECTION 2.15. |
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Break Funding Payments |
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27 |
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SECTION 2.16. |
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Taxes |
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27 |
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SECTION 2.17. |
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Payments Generally |
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28 |
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ARTICLE III | ||||
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Representations and Warranties | ||||
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SECTION 3.01. |
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Organization; Powers |
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28 |
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SECTION 3.02. |
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Authorization; Enforceability |
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29 |
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SECTION 3.03. |
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Governmental Approvals; No Conflicts |
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29 |
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SECTION 3.04. |
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Financial Condition; No Material Adverse Change |
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29 |
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SECTION 3.05. |
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Properties |
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29 |
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SECTION 3.06. |
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Litigation and Environmental Matters |
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30 |
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SECTION 3.07. |
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Compliance with Laws and Agreements |
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30 |
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SECTION 3.08. |
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Investment and Holding Company Status |
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30 |
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SECTION 3.09. |
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Taxes |
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30 |
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SECTION 3.10. |
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ERISA |
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30 |
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SECTION 3.11. |
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Disclosure |
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31 |
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SECTION 3.12. |
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Employee Matters |
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31 |
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SECTION 3.13. |
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Subsidiaries |
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32 |
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SECTION 3.14. |
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Collateral Documents |
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32 |
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SECTION 3.15. |
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Solvency |
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32 |
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ARTICLE IV | ||||
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Conditions | ||||
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SECTION 4.01. |
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Effective Date |
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34 |
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SECTION 4.02. |
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Each Credit Event |
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36 |
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ARTICLE V | ||||
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Affirmative Covenants | ||||
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SECTION 5.01. |
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Financial Statements; Ratings Change and Other Information |
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37 |
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SECTION 5.02. |
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Notices of Material Events |
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38 |
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SECTION 5.03. |
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Existence; Conduct of Business |
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38 |
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SECTION 5.04 |
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Payment of Obligations |
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38 |
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SECTION 5.05. |
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Maintenance of Properties; Insurance |
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38 |
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SECTION 5.06. |
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Books and Records; Inspection Rights |
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39 |
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SECTION 5.07. |
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Compliance with Laws |
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39 |
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SECTION 5.08. |
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Use of Proceeds and Letters of Credit |
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39 |
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SECTION 5.09 |
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Collateral Security; Further Assurances |
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39 |
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SECTION 5.10 |
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Additional Covenants |
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40 |
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ARTICLE VI | ||||
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Negative Covenants | ||||
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SECTION 6.01. |
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Liens |
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40 |
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SECTION 6.02. |
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Fundamental Changes |
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42 |
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SECTION 6.03. |
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Investments, Loans, Advances, Guarantees and Acquisitions |
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42 |
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SECTION 6.04. |
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Swap Agreements |
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43 |
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SECTION 6.05. |
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Restricted Payments |
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43 |
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SECTION 6.06. |
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Transactions with Affiliates |
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43 |
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SECTION 6.07. |
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Restrictive Agreements |
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43 |
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SECTION 6.08 |
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Change of Name or Location; Change of Fiscal Year |
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44 |
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SECTION 6.09 |
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Amendments to Agreements |
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44 |
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SECTION 6.10 |
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Prepayment of Indebtedness; Subordinated Debt |
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44 |
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SECTION 6.11 |
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Depository Banks |
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44 |
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SECTION 6.12 |
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Minimum EBITDA |
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44 |
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SECTION 6.13 |
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Fixed Charge Coverage Ratio |
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44 |
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ARTICLE VII | ||||
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Events of Default | ||||
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Events of Default |
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45 |
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ARTICLE VIII | ||||
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Miscellaneous | ||||
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SECTION 8.01. |
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Notices |
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47 |
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SECTION 8.02. |
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Waivers; Amendments |
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47 |
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SECTION 8.03. |
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Expenses; Indemnity; Damage Waiver |
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48 |
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SECTION 8.04. |
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Successors and Assigns |
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49 |
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SECTION 8.05. |
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Survival |
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SECTION 8.06. |
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Counterparts; Integration; Effectiveness |
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50 |
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SECTION 8.07. |
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Severability |
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50 |
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SECTION 8.08. |
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Right of Setoff |
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End of Preview |
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