|
|
|
|
Document Preview Credit Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Credit Agreement |
|||
|
Entities: |
International Broadcasting Corp; Journal Communications, Inc.; U.S. Bank, NA; Wells Fargo Bank, NA; Bank of New York; Michael Best & Friedrich |
|||
|
Date: |
2002 |
|||
|
Size: |
Preview shows 8KB of 224KB total |
|||
|
Price: |
$87 |
|||
|
ID: |
#1580116 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
5 slp326c.txt CREDIT AGREEMENT
CREDIT AGREEMENT
Dated as of May 31, 2002
among
JOURNAL COMMUNICATIONS, INC.
as Borrower,
CERTAIN SUBSIDIARIES FROM TIME TO TIME
PARTIES HERETO,
as Guarantors,
THE SEVERAL LENDERS
FROM TIME TO TIME PARTIES HERETO,
THE NORTHERN TRUST COMPANY
as Documentation Agent,
WELLS FARGO BANK, NATIONAL ASSOCIATION
as Syndication Agent,
and
U.S. BANK NATIONAL ASSOCIATION,
as Lead Arranger and Administrative Agent
TABLE OF CONTENTS
Page
SECTION 1 DEFINITIONS..............................................1
1.1 Definitions..................................................1
1.2 Other Definitional Provisions...............................18
1.3 Accounting Terms and Determinations.........................18
SECTION 2 CREDIT FACILITIES.......................................18
2.1 Revolving Loans.............................................18
2.2 Swing Line Loans............................................20
SECTION 3 OTHER PROVISIONS RELATING TO CREDIT FACILITIES..........22
3.1 Default Rate................................................22
3.2 Extension and Conversion....................................22
3.3 Reductions in Commitments and Prepayments...................22
3.4 Fees........................................................23
3.5 Capital Adequacy............................................23
3.6 Inability To Determine Interest Rate........................24
3.7 Illegality..................................................24
3.8 Requirements of Law.........................................24
3.9 Taxes.......................................................25
3.10 Indemnity...................................................27
3.11 Pro Rata Treatment..........................................27
3.12 Sharing of Payments.........................................28
3.13 Place and Manner of Payments................................29
3.14 Transfers at Borrower's Request.............................29
SECTION 4 GUARANTY................................................30
4.1 The Guaranty................................................30
4.2 Obligations Unconditional...................................30
4.3 Reinstatement...............................................31
4.4 Certain Additional Waivers..................................31
4.5 Remedies....................................................31
4.6 Continuing Guarantee........................................32
SECTION 5 CONDITIONS..............................................32
5.1 Conditions to Closing Date..................................32
5.2 Conditions to All Loans.....................................33
SECTION 6 REPRESENTATIONS AND WARRANTIES..........................34
6.1 Financial Statements........................................34
6.2 Ownership of Properties; Liens and Encumbrances.............34
6.3 Corporate Existence; Compliance with Law....................35
6.4 Corporate Power; Authorization; Enforceable
Obligations...............................................35
6.5 No Legal Bar; No Default....................................35
6.6 No Material Litigation......................................35
6.7 Investment Company Act......................................36
6.8 Federal Regulations.........................................36
6.9 ERISA.......................................................36
6.10 Environmental Matters.......................................36
i
TABLE OF CONTENTS
(continued)
Page
6.11 Use of Proceeds.............................................37
6.12 Subsidiaries................................................37
6.13 Taxes.......................................................37
6.14 Solvency....................................................38
6.15 Accuracy of Information.....................................38
6.16 Amendments to Schedule 6.12.................................38
SECTION 7 AFFIRMATIVE COVENANTS...................................38
7.1 Annual Financial Statement..................................38
7.2 Interim Financial Statements................................39
7.3 Payment of Obligations......................................39
7.4 Conduct of Business and Maintenance of Existence............39
7.5 Maintenance of Property; Insurance..........................40
7.6 Inspection of Property; Books and Records; Discussions......40
7.7 Notices.....................................................40
7.8 Environmental Laws..........................................41
7.9 Financial Covenants.........................................42
7.10 Additional Subsidiary Guarantors............................42
SECTION 8 NEGATIVE COVENANTS......................................43
8.1 Indebtedness................................................43
8.2 Liens.......................................................43
8.3 Nature of Business..........................................43
8.4 Consolidation, Merger, Sale or Purchase of Assets, etc......43
8.5 Advances, Investments and Loans.............................44
8.6 Guarantee Obligations.......................................44
8.7 Transactions with Affiliates................................44
8.8 Ownership of Subsidiaries...................................44
8.9 Fiscal Year.................................................44
8.10 Dividends...................................................44
SECTION 9 EVENTS OF DEFAULT.......................................44
SECTION 10 AGENCY PROVISIONS.......................................47
|
End of Preview |
Home Intelligence Services Subscriptions News About Us