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Credit Agreement

 

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Title:

Credit Agreement

Entities:

Dollar Tree Stores Inc; Dollar Tree Stores, Inc.; Fleet National Bank; National City Bank; U.S. Bank, NA; Wachovia Bank, NA; Wachovia Capital Markets, LLC; Bank of America, NA; Bank of New York

Date:

2004

Size:

Preview shows 43KB of 294KB total

Price:

$99

ID:

#1687343

 

 

► Loans ► Credit Agreements
► Financial
► Financial ► Money Center Banks
► Retail ► Department & Discount

 

 

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$450,000,000

 

CREDIT AGREEMENT

 

among

 

DOLLAR TREE DISTRIBUTION, INC.

as Borrower,

 

CERTAIN OF THE DOMESTIC AFFILIATES OF THE

BORROWER FROM TIME TO TIME PARTIES HERETO,

as Guarantors,

 

THE LENDERS PARTIES HERETO,

 

SUNTRUST BANK and NATIONAL CITY BANK,

as Co-Syndication Agents,

 

FLEET NATIONAL BANK,

as Documentation Agent

 

and

 

WACHOVIA BANK, NATIONAL ASSOCIATION

as Administrative Agent

 

Dated as of March 5, 2004

 

WACHOVIA CAPITAL MARKETS, LLC,

as Sole Lead Arranger, Book Runner and Manager

 



TABLE OF CONTENTS

 

              Page

ARTICLE I DEFINITIONS

   1
     Section 1.1  

Defined Terms.

   1
     Section 1.2  

Other Definitional Provisions.

   23
     Section 1.3  

Accounting Terms.

   23

ARTICLE II THE LOANS; AMOUNT AND TERMS

   23
     Section 2.1  

Loans.

   23
     Section 2.2  

Letter of Credit Subfacility.

   27
     Section 2.3  

Fees.

   30
     Section 2.4  

Reduction of the Revolving Commitments.

   31
     Section 2.5  

Prepayments.

   32
     Section 2.6  

Minimum Borrowing Amounts and Principal Amounts of Tranches.

   33
     Section 2.7  

Interest Payments; Default Interest; Interest Payment Dates.

   33
     Section 2.8  

Conversion Options.

   34
     Section 2.9  

Computation of Interest and Fees.

   34
     Section 2.10  

Pro Rata Treatment and Payments.

   36
     Section 2.11  

Non-Receipt of Funds by the Administrative Agent.

   38
     Section 2.12  

Inability to Determine Interest Rate.

   38
     Section 2.13  

Illegality.

   39
     Section 2.14  

Requirements of Law.

   39
     Section 2.15  

Indemnity.

   41
     Section 2.16  

Taxes.

   41
     Section 2.17  

Indemnification; Nature of Issuing Lender?s Duties.

   43
     Section 2.18  

Waiver of Notice.

   44
     Section 2.19  

Defaulting Lenders; Limitation on Claims.

   46
     Section 2.20  

Replacement of Lenders.

   47

ARTICLE III REPRESENTATIONS AND WARRANTIES

   48
     Section 3.1  

Financial Condition.

   48
     Section 3.2  

No Change.

   48
     Section 3.3  

Corporate Existence; Compliance with Law.

   48
     Section 3.4  

Corporate Power; Authorization; Enforceable Obligations.

   48
     Section 3.5  

No Legal Bar; No Default.

   49
     Section 3.6  

No Material Litigation.

   49
     Section 3.7  

Government Acts.

   49
     Section 3.8  

Margin Regulations.

   50
     Section 3.9  

ERISA.

   50
     Section 3.10  

Environmental Matters.

   50
     Section 3.11  

Purpose of Loans.

   51
     Section 3.12  

Subsidiaries.

   51
     Section 3.13  

Ownership.

   52
     Section 3.14  

Indebtedness.

   52
     Section 3.15  

Taxes.

   52
     Section 3.16  

Intellectual Property.

   52
     Section 3.17  

Solvency.

   53
     Section 3.18  

Investments.

   53
     Section 3.19  

No Burdensome Restrictions.

   53

 

i



 
     Section 3.20   

Brokers? Fees.

   53
     Section 3.21   

Labor Matters.

   53
     Section 3.22   

Accuracy and Completeness of Information.

   53

ARTICLE IV CONDITIONS PRECEDENT

   54
     Section 4.1   

Conditions to Closing Date and Initial Revolving Loans.

   54
     Section 4.2   

Conditions to All Extensions of Credit.

   57

ARTICLE V AFFIRMATIVE COVENANTS

   58
     Section 5.1   

Financial Statements.

   58
     Section 5.2   

Certificates; Other Information.

   59
     Section 5.3   

Payment of Obligations.

   60
     Section 5.4   

Conduct of Business and Maintenance of Existence.

   60
     Section 5.5   

Maintenance of Property; Insurance.

   60
     Section 5.6   

Inspection of Property; Books and Records; Discussions.

   61
     Section 5.7   

Notices.

   61
     Section 5.8   

Environmental Laws.

   63
     Section 5.9   

Financial Covenants.

   63
     Section 5.10   

Obligations Regarding Subsidiaries; Additional Subsidiary Guarantors.

   64
     Section 5.11   

Compliance with Law.

   64
     Section 5.12   

Additional Credit Parties.

   64

ARTICLE VI NEGATIVE COVENANTS

   65
     Section 6.1   

Indebtedness.

   65
     Section 6.2   

Liens.

   65
     Section 6.3   

Nature of Business.

   65
     Section 6.4   

Consolidation, Merger, Sale or Purchase of Assets, etc.

   66
     Section 6.5   

Advances, Investments and Loans.

   67
     Section 6.6   

Transactions with Affiliates.

   68
     Section 6.7   

Ownership of Subsidiaries; Restrictions.

   68
     Section 6.8   

Fiscal Year; Organizational Documents; Material Contracts.

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