|
|
|
|
Document Preview Credit Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Credit Agreement |
|||
|
Entities: |
Chase Manhattan Bank; Chase Securities Inc.; Peoplepc Inc; Bank of New York; Wilson Sonsini Goodrich & Rosati |
|||
|
Date: |
2000 |
|||
|
Size: |
Preview shows 6KB of 211KB total |
|||
|
Price: |
$54 |
|||
|
ID: |
#1565620 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
$50,000,000 REVOLVING CREDIT FACILITY
CREDIT AGREEMENT
dated as of
July 18, 2000
among
PEOPLEPC, INC.
The Lenders Party Hereto
and
THE CHASE MANHATTAN BANK,
as Administrative Agent
and Collateral Agent
___________________________
CHASE H&Q
as Lead Arranger and Book Manager
================================================================================
TABLE OF CONTENTS
Page
----
ARTICLE I
Definitions
-----------
SECTION 1.01. Defined Terms............................................ 1
SECTION 1.02. Classification of Loans and Borrowings................... 19
SECTION 1.03. Terms Generally.......................................... 19
SECTION 1.04. Accounting Terms; GAAP................................... 19
ARTICLE II
The Credits
-----------
SECTION 2.01. Commitments.............................................. 20
SECTION 2.02. Loans and Borrowings..................................... 20
SECTION 2.03. Requests for Borrowings.................................. 21
SECTION 2.04. Funding of Borrowings.................................... 22
SECTION 2.05. Interest Elections....................................... 22
SECTION 2.06. Termination and Reduction of Commitments................. 24
SECTION 2.07. Repayment of Loans; Evidence of Debt..................... 24
SECTION 2.08. Prepayment of Loans...................................... 25
SECTION 2.09. Fees..................................................... 26
SECTION 2.10. Interest................................................. 27
SECTION 2.11. Alternate Rate of Interest............................... 28
SECTION 2.12. Increased Costs.......................................... 28
SECTION 2.13. Break Funding Payments................................... 30
SECTION 2.14. Taxes.................................................... 30
SECTION 2.15. Payments Generally; Pro Rata Treatment; Sharing of
Setoffs................................................. 32
SECTION 2.16. Mitigation Obligations; Replacement of Lenders........... 34
ARTICLE III
Representations and Warranties
------------------------------
SECTION 3.01. Organization; Powers..................................... 35
SECTION 3.02. Authorization; Enforceability............................ 35
SECTION 3.03. Governmental Approvals; No Conflicts..................... 36
SECTION 3.04. Financial Condition; No Material Adverse Change.......... 36
SECTION 3.05. Properties............................................... 36
SECTION 3.06. Litigation and Environmental Matters..................... 37
SECTION 3.07. Compliance with Laws and Agreements...................... 37
SECTION 3.08. Investment Company Status................................ 38
SECTION 3.09. Taxes.................................................... 38
SECTION 3.10. ERISA.................................................... 38
SECTION 3.11. Disclosure............................................... 38
SECTION 3.12. Subsidiaries............................................. 39
SECTION 3.13. Insurance................................................ 39
SECTION 3.14. Labor Matters............................................ 39
SECTION 3.15. Ford Contract............................................ 39
SECTION 3.16. Security Documents....................................... 40
ARTICLE IV
Conditions
----------
SECTION 4.01. Effective Date........................................... 40
SECTION 4.02. Each Credit Event........................................ 42
ARTICLE V
Affirmative Covenants
---------------------
End
of Preview
Home
Intelligence
Services
Subscriptions
News
About Us