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Title: |
Term Credit Agreement |
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Entities: |
Fleet National Bank; Fleet Securities, Inc.; JPMorgan Chase Bank; Men’s Wearhouse, Inc.; Mens Wearhouse Inc; National City Bank; U.S. Bank, NA; Union Bank of California, NA; Wachovia Bank, NA; International Swaps & Derivatives Association, Inc.; Bank of America, NA |
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Date: |
2003 |
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Size: |
Preview shows 13KB of 311KB total |
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Price: |
$83 |
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ID: |
#1627180 |
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TERM CREDIT AGREEMENT
DATED AS OF JANUARY 29, 2003
AMONG
THE MEN'S WEARHOUSE, INC.
GOLDEN MOORES FINANCE COMPANY
THE BANKS PARTY HERETO
AND
JPMORGAN CHASE BANK, TORONTO BRANCH
AS ADMINISTRATIVE AGENT
-----------------------------------
J. P MORGAN SECURITIES INC.,
SOLE BOOKRUNNER
-----------------------------------
J. P. MORGAN SECURITIES INC.,
SOLE BOOKRUNNER
AND
J. P. MORGAN SECURITIES INC.,
FLEET SECURITIES, INC.
CO-LEAD ARRANGERS
AND
WACHOVIA BANK, NATIONAL ASSOCIATION,
FLEET NATIONAL BANK
AS CO-SYNDICATION AGENT
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
<S> <C>
1. CERTAIN DEFINITIONS......................................................................... 1
1.1. Accounting Principles........................................................... 1
1.2. Certain Defined Terms........................................................... 1
2. THE CREDITS................................................................................. 20
2.1. Loans........................................................................... 20
2.2. Borrowing Procedure............................................................. 21
3. INTEREST RATE PROVISIONS.................................................................... 22
3.1. Interest Rate Determination..................................................... 22
3.2. Availability of Eurodollar Loans................................................ 24
3.3. Increased Cost and Reduced Return............................................... 24
3.4. Limitation on Types of Loans.................................................... 25
3.5. Illegality...................................................................... 26
3.6. Compensation.................................................................... 27
3.7. Replacement of Banks............................................................ 28
3.8. Survival........................................................................ 28
3.9. Availability of Canadian Prime Rate Loans....................................... 28
3.10. Yearly Rate..................................................................... 28
4. PREPAYMENTS AND OTHER PAYMENTS.............................................................. 29
4.1. [Intentionally omitted]......................................................... 29
4.2. [Intentionally Omitted]......................................................... 29
4.3. Optional Prepayments............................................................ 29
4.4. Notice of Payments.............................................................. 29
4.5. Place of Payment or Prepayment.................................................. 29
4.6. No Prepayment Premium or Penalty................................................ 30
4.7. Taxes........................................................................... 30
4.8. Payments on Business Day........................................................ 32
5. [INTENTIONALLY OMITTED]..................................................................... 32
6. APPLICATION OF PROCEEDS..................................................................... 32
7. REPRESENTATIONS AND WARRANTIES.............................................................. 32
7.1. Organization and Qualification.................................................. 32
7.2. Financial Statements............................................................ 33
7.3. Litigation...................................................................... 33
7.4. Default......................................................................... 33
7.5. Title to Properties............................................................. 33
7.6. Payment of Taxes................................................................ 33
7.7. Conflicting or Adverse Agreements or Restrictions............................... 34
</TABLE>
- i -
<PAGE>
<TABLE>
<S> <C>
7.8. Authorization, Validity, Etc.................................................... 34
7.9. Investment Company Act Not Applicable........................................... 34
7.10. Public Utility Holding Company Act Not Applicable............................... 34
7.11. Margin Stock.................................................................... 34
7.12. ERISA; Canadian Benefit and Pension Plans....................................... 35
7.13. Full Disclosure................................................................. 35
7.14. Environmental Matters........................................................... 35
7.15. Permits and Licenses............................................................ 36
7.16. Solvency........................................................................ 36
7.17. Capital Structure............................................................... 37
7.18. Insurance....................................................................... 37
7.19. Compliance with Laws............................................................ 37
7.20. No Consent...................................................................... 37
8. CONDITIONS.................................................................................. 38
8.1. Closing Date.................................................................... 38
8.2. Conditions to each Loan......................................................... 40
9. AFFIRMATIVE COVENANTS....................................................................... 41
9.1. Reporting and Notice Requirements............................................... 41
9.2. Corporate Existence............................................................. 44
9.3. Books and Records............................................................... 44
9.4. Insurance....................................................................... 44
9.5. Right of Inspection............................................................. 44
9.6. Maintenance of Property......................................................... 45
9.7. Guarantees of Certain Restricted Subsidiaries; Pledge Agreements................ 45
9.8. Accounting Principles........................................................... 46
9.9. Patents, Trademarks and Licenses................................................ 46
9.10. Taxes; Obligations.............................................................. 46
10. NEGATIVE COVENANTS.......................................................................... 47
10.1. Liens........................................................................... 47
10.2. Debt............................................................................ 48
10.3. Restricted Payments............................................................. 51
10.4. Mergers; Consolidations; Sale or Other Dispositions of All or Substantially All
Assets.......................................................................... 52
10.5. Investments, Loans and Advances................................................. 53
10.6. Sale or Other Disposition of Less than Substantially All Assets; Sale and
Leasebacks...................................................................... 54
10.7. Use of Proceeds................................................................. 55
10.8. Transactions with Affiliates.................................................... 55
10.9. Nature of Business.............................................................. 55
10.10. Issuance and Disposition of Shares.............................................. 55
10.11. ERISA; Canadian Benefit and Pension Plans....................................... 56
10.12. Discount or Sale of Receivables................................................. 57
10.13. Acquisitions.................................................................... 57
</TABLE>
- ii -
<PAGE>
<TABLE>
<S> <C>
10.14. Certain Financial Tests......................................................... 58
10.15. Regulations U and X............................................................. 59
10.16. Status.......................................................................... 59
10.17. Compliance with Laws............................................................ 59
10.18. Unrestricted Subsidiaries....................................................... 59
10.19. No Commingling of Assets, Etc................................................... 60
10.20. Restrictive Agreements.......................................................... 60
10.21. Prepayments, Etc., of Certain Debt.............................................. 60
10.22. Amendment of Intercompany Credit Agreements..................................... 61
11. EVENTS OF DEFAULT; REMEDIES................................................................. 61
11.1. Failure to Pay Principal........................................................ 61
11.2. Failure to Pay Other Amounts.................................................... 61
11.3. Default under Other Debt........................................................ 62
11.4. Misrepresentation or Breach of Warranty......................................... 62
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