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Multicurrency Revolving Facilities Agreement

 

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Title:

Multicurrency Revolving Facilities Agreement

Entities:

Interact Commerce Corp.

Date:

2001

Size:

Preview shows 7KB of 276KB total

Price:

$99

ID:

#1275070

 

 

► Loans ► Facilities ► Revolving ► Multi-Currency Revolving Facilities Agreements

 

 

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                                                                  CONFORMED COPY

--------------


MULTICURRENCY REVOLVING FACILITIES AGREEMENT

$500,000,000

FACILITY AGREEMENT

dated 27th March 2001

for

THE SAGE GROUP PLC
and certain subsidiaries

arranged by

LLOYDS TSB BANK Plc

with

LLOYDS TSB BANK PLC
acting as Agent





CMS Cameron McKenna
Mitre House
160 Aldersgate Street
London EC1A 4DD

(02)20 7367 3000
(02)20 736 200

(FMO/0X2244.09442)

<PAGE>

Table of Contents
<TABLE>
<S> <C>
1. DEFINITIONS AND INTERPRETATION................................................ 1
2. THE FACILITIES................................................................ 16
3. PURPOSE....................................................................... 16
4. CONDITIONS OF UTILISATION..................................................... 17
5. UTILISATION................................................................... 19
6. OPTIONAL CURRENCIES........................................................... 20
7. REPAYMENT..................................................................... 23
8. PREPAYMENT AND CANCELLATION................................................... 23
9. FACILITY A TERM-OUT OPTION.................................................... 26
10. INTEREST..................................................................... 28
11. INTEREST PERIODS............................................................. 29
12. CHANGES TO THE CALCULATION OF INTEREST....................................... 30
13. FEES......................................................................... 31
14. TAX GROSS UP AND INDEMNITIES................................................. 33
15. INCREASED COSTS.............................................................. 37
16. OTHER INDEMNITIES............................................................ 38
17. MITIGATION BY THE LENDERS.................................................... 39
18. COSTS AND EXPENSES........................................................... 40
19. GUARANTEE AND INDEMNITY...................................................... 41
20. REPRESENTATIONS.............................................................. 44
21. INFORMATION UNDERTAKINGS..................................................... 49
22. FINANCIAL COVENANTS.......................................................... 50
23. GENERAL UNDERTAKINGS......................................................... 53
24. EVENTS OF DEFAULT............................................................ 59
25. CHANGES TO THE LENDERS....................................................... 63
26. CHANGES TO THE OBLIGORS...................................................... 66
27. ROLE OF THE AGENT AND THE ARRANGER........................................... 68
28. CONDUCT OF BUSINESS BY THE FINANCE PARTIES................................... 73
29. SHARING AMONG THE LENDERS.................................................... 73
30. PAYMENT MECHANICS............................................................ 76
31. SET-OFF...................................................................... 78
32. NOTICES...................................................................... 78
33. CALCULATIONS AND CERTIFICATES................................................ 80
34. PARTIAL INVALIDITY........................................................... 80
35. REMEDIES AND WAIVERS......................................................... 80
36. AMENDMENTS AND WAIVERS....................................................... 81
37. COUNTERPARTS................................................................. 81
38. GOVERNING LAW................................................................ 82
39. ENFORCEMENT.................................................................. 82
</TABLE>
<PAGE>

<TABLE>
<S> <C>
SCHEDULE 1 The Original Parties................................................... 83
PART I The Original Obligors...................................................... 83
PART II The Original Lenders...................................................... 84
SCHEDULE 2 Conditions precedent................................................... 85
PART I Conditions precedent to initial Utilisation................................ 85
PART II Conditions precedent required to be delivered by an Additional Obligor... 87
SCHEDULE 3 Requests............................................................... 89
PART I Utilisation Request........................................................ 89
PART II Selection Notice Applicable to a Term-Out Loan............................ 90
SCHEDULE 4 Mandatory Cost formulae................................................ 91
SCHEDULE 5 Form of Transfer Certificates.......................................... 93
SCHEDULE 6 Form of Accession Letter............................................... 96
SCHEDULE 7 Form of Resignation Letter............................................. 97
SCHEDULE 8 Form of Compliance Certificate......................................... 98
SCHEDULE 9 Existing Security...................................................... 99

 

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