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Title: |
Receivables Purchase Agreement |
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Entities: |
Citibank, NA; Citicorp North America, Inc.; McGraw-Hill Companies Inc.; Nisource Inc; Bank of New York; Schiff Hardin & Waite |
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Date: |
2004 |
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Size: |
Preview shows 6KB of 247KB total |
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Price: |
$53 |
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ID: |
#1349243 |
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RECEIVABLES PURCHASE AGREEMENT
Dated as of December 30, 2003
among
NIPSCO RECEIVABLES CORPORATION
as the Seller
and
CAFCO, LLC
as the Conduit Purchaser
and
CITIBANK, N.A.,
and
DANSKE BANK A/S, CAYMAN ISLANDS BRANCH
as the Bank Purchasers
and
CITICORP NORTH AMERICA, INC.
as the Agent
and
NORTHERN INDIANA PUBLIC SERVICE COMPANY
as the Servicer
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S> <C>
ARTICLE I DEFINITIONS................................................................. 1
SECTION 1.01 Certain Defined Terms........................................... 1
SECTION 1.02 Other Terms..................................................... 22
ARTICLE II AMOUNTS AND TERMS OF THE PURCHASES......................................... 22
SECTION 2.01 Purchase Facility............................................... 22
SECTION 2.02 Making Purchases................................................ 23
SECTION 2.03 Receivable Interest Computation................................. 24
SECTION 2.04 Settlement Procedures........................................... 25
SECTION 2.05 Payment of Certain Fees......................................... 28
SECTION 2.06 Payments and Computations, Etc.................................. 28
SECTION 2.07 Dividing or Combining Receivable Interests...................... 29
SECTION 2.08 Increased Costs................................................. 29
SECTION 2.09 Taxes........................................................... 30
SECTION 2.10 Security Interest............................................... 31
ARTICLE III CONDITIONS OF PURCHASES................................................... 32
SECTION 3.01 Conditions Precedent to Initial Purchase........................ 32
SECTION 3.02 Conditions Precedent to All Purchases and Reinvestments......... 33
ARTICLE IV REPRESENTATIONS AND WARRANTIES............................................. 34
SECTION 4.01 Representations and Warranties of the Seller.................... 34
SECTION 4.02 Representations and Warranties of the Servicer.................. 37
ARTICLE V COVENANTS................................................................... 38
SECTION 5.01 Covenants of the Seller......................................... 38
SECTION 5.02 Agreed Upon Procedures.......................................... 45
</TABLE>
-i-
<PAGE>
<TABLE>
<S> <C>
ARTICLE VI ADMINISTRATION AND COLLECTION OF RECEIVABLES............................... 46
SECTION 6.01 Designation of Servicer......................................... 46
SECTION 6.02 Duties of Servicer.............................................. 46
SECTION 6.03 Certain Rights of the Agent..................................... 48
SECTION 6.04 Rights and Remedies............................................. 49
SECTION 6.05 Covenants of the Servicer....................................... 50
SECTION 6.06 Indemnities by the Servicer..................................... 50
SECTION 6.07 Cash Collateral Account......................................... 51
ARTICLE VII EVENTS OF TERMINATION..................................................... 53
SECTION 7.01 Events of Termination........................................... 53
ARTICLE VIII THE AGENT................................................................ 55
SECTION 8.01 Authorization and Action........................................ 55
SECTION 8.02 Agent's Reliance, Etc........................................... 55
SECTION 8.03 CNAI and Affiliates............................................. 56
SECTION 8.04 Indemnification of Agent........................................ 56
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