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Title: |
Credit Agreement |
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Entities: |
Citigroup Global Markets Inc.; Isron Corp ; JPMorgan Chase Bank; U.S. Bank, NA; UBS Securities LLC; Bank of New York; Dechert LLP |
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Date: |
2005 |
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Size: |
Preview shows 38KB of 457KB total |
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Price: |
$99 |
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ID: |
#2086751 |
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Start of Preview |
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Execution Version
$100,000,000
CREDIT AGREEMENT
dated as of December 23, 2004,
among
MAGNACHIP SEMICONDUCTOR S.A.
and
MAGNACHIP SEMICONDUCTOR FINANCE COMPANY
as Borrowers,
MAGNACHIP SEMICONDUCTOR LLC
and
THE OTHER GUARANTORS PARTY HERETO,
as Guarantors,
THE LENDERS PARTY HERETO
and
UBS SECURITIES LLC,
as Arranger, Bookmanager, Documentation Agent and Syndication Agent,
and
KOREA EXCHANGE BANK,
as Issuing Bank
and
UBS AG, STAMFORD BRANCH,
as Administrative Agent and Collateral Agent,
and
UBS LOAN FINANCE LLC,
as Swingline Lender
Latham & Watkins LLP
Sears Tower, Suite 5800
233 South Wacker Drive
Chicago, Illinois 60606-6401
TABLE OF CONTENTS
|
Section |
Page | |||
| ARTICLE I | ||||
| DEFINITIONS | ||||
| SECTION 1.01 | Defined Terms | 1 | ||
| SECTION 1.02 | Classification of Loans and Borrowings | 34 | ||
| SECTION 1.03 | Terms Generally | 34 | ||
| SECTION 1.04 | Accounting Terms; GAAP | 35 | ||
| SECTION 1.05 | Resolution of Drafting Ambiguities | 35 | ||
| ARTICLE II | ||||
| THE CREDITS | ||||
| SECTION 2.01 | Commitments | 35 | ||
| SECTION 2.02 | Loans | 35 | ||
| SECTION 2.03 | Borrowing Procedure | 37 | ||
| SECTION 2.04 | Evidence of Debt; Repayment of Loans | 37 | ||
| SECTION 2.05 | Fees | 38 | ||
| SECTION 2.06 | Interest on Loans | 39 | ||
| SECTION 2.07 | Termination; Reduction and Suspension of Commitments | 40 | ||
| SECTION 2.08 | Interest Elections | 40 | ||
| SECTION 2.09 | Optional and Mandatory Prepayments of Loans. | 41 | ||
| SECTION 2.10 | Alternate Rate of Interest | 44 | ||
| SECTION 2.11 | Yield Protection | 44 | ||
| SECTION 2.12 | Breakage Payments | 45 | ||
| SECTION 2.13 | Payments Generally; Pro Rata Treatment; Sharing of Setoffs | 46 | ||
| SECTION 2.14 | Taxes | 48 | ||
| SECTION 2.15 | Mitigation Obligations; Replacement of Lenders | 49 | ||
| SECTION 2.16 | Swingline Loans | 50 | ||
| SECTION 2.17 | Letters of Credit | 51 | ||
| SECTION 2.18 | Increase in Commitments | 57 | ||
| ARTICLE III | ||||
| REPRESENTATIONS AND WARRANTIES | ||||
| SECTION 3.01 | Organization; Powers | 59 | ||
| SECTION 3.02 | Authorization; Enforceability | 59 | ||
| SECTION 3.03 | No Conflicts | 59 | ||
| SECTION 3.04 | Financial Statements; Projections | 60 | ||
| SECTION 3.05 | Properties | 61 | ||
| SECTION 3.06 | Intellectual Property | 61 | ||
| SECTION 3.07 | Equity Interests and Subsidiaries | 62 | ||
| SECTION 3.08 | Litigation; Compliance with Laws | 62 | ||
-i-
|
Section |
Page | |||
| SECTION 3.09 | Agreements | 63 | ||
| SECTION 3.10 | Federal Reserve Regulations | 63 | ||
| SECTION 3.11 | Investment Company Act; Public Utility Holding Company Act | 63 | ||
| SECTION 3.12 | Use of Proceeds | 63 | ||
| SECTION 3.13 | Taxes | 63 | ||
| SECTION 3.14 | No Material Misstatements | 63 | ||
| SECTION 3.15 | Labor Matters | 64 | ||
| SECTION 3.16 | Solvency | 64 | ||
| SECTION 3.17 | Employee Benefit Plans | 64 | ||
| SECTION 3.18 | Environmental Matters | 65 | ||
| SECTION 3.19 | Insurance | 66 | ||
| SECTION 3.20 | Security Documents | 66 | ||
| SECTION 3.21 | Anti-Terrorism Law | 67 | ||
| SECTION 3.22 | Subordination of Senior Subordinated Notes | 68 | ||
| SECTION 3.23 | UK Financial Assistance | 68 | ||
| ARTICLE IV | ||||
| CONDITIONS TO CREDIT EXTENSIONS | ||||
| SECTION 4.01 | Conditions to Initial Credit Extension | 68 | ||
| SECTION 4.02 | Conditions to All Credit Extensions | 74 | ||
| ARTICLE V | ||||
| AFFIRMATIVE COVENANTS | ||||
| SECTION 5.01 | Financial Statements, Reports, etc. | 75 | ||
| SECTION 5.02 | Litigation and Other Notices | 78 | ||
| SECTION 5.03 | Existence; Businesses and Properties | 78 | ||
| SECTION 5.04 | Insurance | 79 | ||
| SECTION 5.05 | Obligations and Taxes | 80 | ||
| SECTION 5.06 | Employee Benefits | 80 | ||
| SECTION 5.07 | Maintaining Records; Access to Properties and Inspections; Annual Meetings | 81 | ||
| SECTION 5.08 | Use of Proceeds | 81 | ||
| SECTION 5.09 | Compliance with Environmental Laws; Environmental Reports | 81 | ||
| SECTION 5.10 | Additional Collateral; Additional Guarantors | 82 | ||
| SECTION 5.11 | Security Interests; Further Assurances | 83 | ||
| SECTION 5.12 | Information Regarding Collateral | 84 | ||
| SECTION 5.13 | Post-Closing Collateral Matters | 84 | ||
| SECTION 5.14 | Affirmative Covenants with Respect to Leases | 85 | ||
| ARTICLE VI | ||||
| NEGATIVE COVENANTS | ||||
| SECTION 6.01 | Indebtedness | 85 | ||
| SECTION 6.02 | Liens | 86 | ||
-ii-
|
Section |
Page | |||
| SECTION 6.03 | Sale and Leaseback Transactions | 88 | ||
| SECTION 6.04 | Investment, Loan and Advances | 88 | ||
| SECTION 6.05 |
|
End of Preview |
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