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Credit Agreement

 

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Title:

Credit Agreement

Entities:

Banc One Capital Markets, Inc.; Bank of Montreal; Bank One, NA; Barclays Bank plc; Goldman Sachs Credit Partners LP; JPMorgan Chase Bank; Northeast Utilities Service CO; U.S. Bank, NA; Xcel Energy Inc.; Bank of New York

Date:

2003

Size:

Preview shows 11KB of 229KB total

Price:

$84

ID:

#1403742

 

 

► Loans ► Credit Agreements
► Financial
► Financial ► Money Center Banks
► Financial ► Regional Banks
► Utilities ► Electric Utilities

 

 

Start of Preview


CREDIT AGREEMENT

among

NORTHERN STATES POWER COMPANY;

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent;

BANK ONE, NA,

as Syndication Agent;

and

THE OTHER FINANCIAL INSTITUTIONS PARTY HERETO

Closing Date: May 16, 2003


$275,000,000 Revolving Credit Facility


WELLS FARGO BANK, NATIONAL ASSOCIATION
and
BANC ONE CAPITAL MARKETS, INC.,
Co-Lead Arrangers



 


TABLE OF CONTENTS


 
ARTICLE I Definitions
Section 1.1 Definitions
Section 1.2 Times
ARTICLE II Amount and Terms of the Loans and Letters of Credit
Section 2.1 Committed Advances
Section 2.2 Procedure for Making Advances
Section 2.3 Interest
Section 2.4 Limitation of Outstandings
Section 2.5 Principal and Interest Payment Dates
Section 2.6 Level Status and Margins
Section 2.7 Letters of Credit
Section 2.8 Facility and Utilization Fees
Section 2.9 Other Fees
Section 2.10 Termination or Reduction of the Commitment
Section 2.11 Voluntary Prepayments
Section 2.12 Computation of Interest and Fees
Section 2.13 Payments
Section 2.14 Payment on Nonbusiness Days
Section 2.15 Use of Advances and Letters of Credit
Section 2.16 Yield Protection; Funding Indemnification
Section 2.17 Taxes
Section 2.18 Capital Adequacy
Section 2.19 Extension of Termination Date
Section 2.20 Mandatory Assignment of Banks Interest
ARTICLE III Conditions Precedent
Section 3.1 Conditions to Effectiveness
Section 3.2 Initial Conditions Precedent
ARTICLE IV Representations and Warranties
Section 4.1 Corporate Existence and Power
Section 4.2 Authorization of Borrowing; No Conflict as to Law or Agreements
Section 4.3 Legal Agreements
Section 4.4 Subsidiaries
Section 4.5 Financial Condition
Section 4.6 Adverse Change
Section 4.7 Litigation
Section 4.8 Hazardous Substances
Section 4.9 Regulation U
Section 4.10 Taxes
Section 4.11 Burdensome Restrictions
Section 4.12 Titles and Liens
Section 4.13 ERISA
Section 4.14 Securities Law Matters
Section 4.15 Investment Company Act
Section 4.16 Public Utility Holding Company Act
Section 4.17 Indenture
Section 4.18 Authentication of Bonds
Section 4.19 Solvency
Section 4.20 Swap Obligations
Section 4.21 Insurance
Section 4.22 Compliance With Laws
ARTICLE V Affirmative Covenants of the Borrower
Section 5.1 Financial Statements
Section 5.2 Books and Records; Inspection and Examination
Section 5.3 Compliance with Laws
Section 5.4 Payment of Taxes and Other Claims
Section 5.5 Maintenance of Properties
Section 5.6 Insurance
Section 5.7 Preservation of Corporate Existence
Section 5.8 Delivery of Information
Section 5.9 Use of Proceeds
ARTICLE VI Negative Covenants
Section 6.1 Liens
Section 6.2 Dividends
Section 6.3 Sale of Assets
Section 6.4 Consolidation and Merger
Section 6.5 Hazardous Substances
Section 6.6 Restrictions on Nature of Business
Section 6.7 Transactions with Affiliates
Section 6.8 Ratio of Funded Debt to Total Capital
Section 6.9 Interest Coverage Ratio
Section 6.10 Securities Laws
ARTICLE VII Events of Default, Rights and Remedies
Section 7.1 Events of Default
Section 7.2 Rights and Remedies
Section 7.3 Pledge of Cash Collateral Account
ARTICLE VIII The Agent
Section 8.1 Authorization
Section 8.2 Distribution of Payments and Proceeds
Section 8.3 Expenses
Section 8.4 Payments Received Directly by Banks
Section 8.5 Indemnification
Section 8.6 Exculpation
Section 8.7 Agent and Affiliates
Section 8.8 Credit Investigation
Section 8.9 Resignation
Section 8.10 Assignments
Section 8.11 Participations
Section 8.12 Limitation on Assignments and Participations

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