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Credit Agreement

 

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Title:

Credit Agreement

Entities:

ABN AMRO Bank N.V.; Banco Bilbao Vizcaya Argentaria SA; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; Nicor Inc.; Northern Illinois Gas Co /IL/ /New/; U.S. Bank, NA; Wachovia Bank, NA; Wachovia Capital Markets, LLC; Bank of New York; Latham & Watkins

Date:

2005

Size:

Preview shows 5KB of 231KB total

Price:

$86

ID:

#1580237

 

 

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Start of Preview


                                     5 YEAR


CREDIT AGREEMENT

DATED AS OF

SEPTEMBER 13, 2005

AMONG

NORTHERN ILLINOIS GAS COMPANY,

and

NICOR INC.

as Borrowers,

THE FINANCIAL INSTITUTIONS PARTY HERETO,

as Lenders,

JPMORGAN CHASE BANK, N.A.
as Administrative Agent,

WACHOVIA BANK, N.A.
as Syndication Agent

and

ABN AMRO BANK N.V., THE BANK OF TOKYO-MITSUBISHI, LTD., CHICAGO BRANCH
and THE BANK OF NEW YORK,
as Documentation Agents


J.P. MORGAN SECURITIES INC. and WACHOVIA CAPITAL MARKETS, LLC
as Joint Lead-Arrangers and Bookrunners






TABLE OF CONTENTS

(This Table of Contents is not part of the Agreement)


PAGE
----

SECTION 1. DEFINITIONS; INTERPRETATION.......................................1

Section 1.1 Definitions...................................................1
Section 1.2 Interpretation...............................................12

SECTION 2. THE CREDITS......................................................13

Section 2.1 The Revolving Loan Commitment................................13
Section 2.2 Applicable Interest Rates....................................13
Section 2.3 Minimum Borrowing Amounts....................................15
Section 2.4 Manner of Borrowing Loans and Designating Interest Rates
Applicable to Loans..........................................15
Section 2.5 Interest Periods.............................................17
Section 2.6 Maturity of Loans............................................18
Section 2.7 Prepayments..................................................18
Section 2.8 Default Rate.................................................18
Section 2.9 Evidence of Debt.............................................19
Section 2.10 Funding Indemnity............................................20
Section 2.11 Commitments..................................................20
Section 2.12 Increase in the Aggregate Commitments........................21

SECTION 3. FEES AND EXTENSIONS..............................................22

Section 3.1 Fees.........................................................22
Section 3.2 Extensions...................................................23

SECTION 4. PLACE AND APPLICATION OF PAYMENTS................................24

SECTION 5. REPRESENTATIONS AND WARRANTIES...................................25

Section 5.1 Corporate Organization and Authority.........................25
Section 5.2 Subsidiaries.................................................25
Section 5.3 Corporate Authority and Validity of Obligations..............25
Section 5.4 Financial Statements.........................................26
Section 5.5 No Litigation; No Labor Controversies........................26
Section 5.6 Taxes........................................................26
Section 5.7 Approvals....................................................26
Section 5.8 ERISA........................................................26
Section 5.9 Government Regulation........................................27
Section 5.10 Margin Stock; Use of Proceeds................................27





Section 5.11 Environmental Warranties.....................................27
Section 5.12 Ownership of Property; Liens.................................28
Section 5.13 Compliance with Agreements...................................28
Section 5.14 Full Disclosure..............................................28
Section 5.15 Solvency.....................................................29

SECTION 6. CONDITIONS PRECEDENT.............................................29

Section 6.1 Initial Borrowing............................................29
Section 6.2 All Borrowings...............................................30

SECTION 7. COVENANTS........................................................30


 

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