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Title: |
Credit Agreement |
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Entities: |
Citicorp North America, Inc.; Comerica Bank; Federal Realty Investment Trust; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; PNC Bank, NA; Royal Bank of Canada; U.S. Bank, NA; Wachovia Bank, NA; Wachovia Capital Markets, LLC; International Swaps & Derivatives Association, Inc.; Bank of America, NA; Bank of New York; ShawPittman LLP |
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Date: |
2006 |
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Size: |
Preview shows 31KB of 443KB total |
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Price: |
$64 |
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ID: |
#2275768 |
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Start of Preview |
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CREDIT AGREEMENT
Dated as of July 28, 2006
by and among
FEDERAL REALTY INVESTMENT TRUST,
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as Borrower, |
WACHOVIA CAPITAL MARKETS, LLC,
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as Sole Lead Arranger | ||
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and | ||
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Sole Book Manager, |
WACHOVIA BANK, NATIONAL ASSOCIATION,
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as Agent, |
EUROHYPO AG, NEW YORK BRANCH
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as Syndication Agent, |
Each of
PNC BANK, NATIONAL ASSOCIATION,
SUNTRUST BANK
and
U.S. BANK NATIONAL ASSOCIATION,
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as Documentation Agent, |
and
THE FINANCIAL INSTITUTIONS INITIALLY SIGNATORY HERETO
AND THEIR ASSIGNEES PURSUANT TO SECTION 12.5.(d),
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as Lenders |
TABLE OF CONTENTS
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Article I. Definitions |
1 | |
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Section 1.1. Definitions |
1 | |
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Section 1.2. General; References to Times |
26 | |
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Section 1.3. Financial Attributes of Non-Wholly Owned Subsidiaries |
27 | |
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Article II. Credit Facility |
27 | |
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Section 2.1. Revolving Loans |
27 | |
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Section 2.2. Bid Rate Loans |
28 | |
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Section 2.3. Swingline Loans |
32 | |
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Section 2.4. Letters of Credit |
34 | |
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Section 2.5. Rates and Payment of Interest on Loans |
39 | |
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Section 2.6. Number of Interest Periods |
40 | |
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Section 2.7. Repayment of Loans |
40 | |
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Section 2.8. Prepayments |
40 | |
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Section 2.9. Continuation |
41 | |
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Section 2.10. Conversion |
42 | |
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Section 2.11. Notes |
42 | |
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Section 2.12. Voluntary Reductions of the Commitments |
43 | |
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Section 2.13. Extension of Termination Date |
43 | |
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Section 2.14. Expiration or Maturity Date of Letters of Credit Past Termination Date |
43 | |
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Section 2.15. Amount Limitations |
44 | |
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Section 2.16. Increase of Commitments |
44 | |
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Article III. Payments, Fees and Other General Provisions |
45 | |
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Section 3.1. Payments |
45 | |
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Section 3.2. Pro Rata Treatment |
46 | |
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Section 3.3. Sharing of Payments, Etc. |
47 | |
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Section 3.4. Several Obligations |
47 | |
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Section 3.5. Minimum Amounts |
48 | |
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Section 3.6. Fees |
48 | |
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Section 3.7. Computations |
49 | |
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Section 3.8. Usury |
49 | |
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Section 3.9. Agreement Regarding Interest and Charges |
50 | |
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Section 3.10. Statements of Account |
50 | |
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Section 3.11. Defaulting Lenders |
50 | |
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Section 3.12. Taxes |
52 | |
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Article IV. Yield Protection, Etc. |
53 | |
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Section 4.1. Additional Costs; Capital Adequacy |
53 | |
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Section 4.2. Suspension of LIBOR Loans |
55 | |
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Section 4.3. Illegality |
55 | |
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Section 4.4. Compensation |
56 | |
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Section 4.5. Treatment of Affected Loans |
56 | |
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Section 4.6. Change of Lending Office |
57 | |
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Section 4.7. Assumptions Concerning Funding of LIBOR Loans |
57 | |
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Section 4.8. Affected Lenders |
57 | |
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Article V. Conditions Precedent |
58 | |
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Section 5.1. Initial Conditions Precedent |
58 | |
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Section 5.2. Conditions Precedent to All Loans and Letters of Credit |
61 | |
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Article VI. Representations and Warranties |
61 | |
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Section 6.1. Representations and Warranties |
61 | |
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Section 6.2. Survival of Representations and Warranties, Etc. |
67 | |
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Article VII. Affirmative Covenants |
68 | |
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Section 7.1. Preservation of Existence and Similar Matters |
68 | |
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Section 7.2. Compliance with Applicable Law and Material Contracts |
68 | |
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Section 7.3. Maintenance of Property |
68 | |
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Section 7.4. Conduct of Business |
68 | |
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Section 7.5. Insurance |
69 | |
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Section 7.6. Payment of Taxes and Claims |
69 | |
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Section 7.7. Visits and Inspections |
69 | |
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Section 7.8. Use of Proceeds; Letters of Credit |
70 | |
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Section 7.9. Environmental Matters |
70 | |
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Section 7.10. Books and Records |
70 | |
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Section 7.11. Further Assurances |
70 | |
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Section 7.12. New Subsidiaries/Guarantors |
71 | |
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Section 7.13. REIT Status |
71 | |
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Section 7.14. Exchange Listing |
72 | |
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Article VIII. Information |
72 | |
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Section 8.1. Quarterly Financial Statements |
72 | |
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Section 8.2. Year-End Statements |
72 | |
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Section 8.3. Compliance Certificate |
73 | |
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Section 8.4. Other Information |
73 | |
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Section 8.5. Electronic Delivery of Certain Information |
75 | |
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Article IX. Negative Covenants |
77 | |
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Section 9.1. Financial Covenants |
77 | |
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Section 9.2. Restricted Payments |
78 | |
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Section 9.3. Indebtedness |
78 | |
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Section 9.4. Certain Permitted Investments |
78 | |
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Section 9.5. Investments Generally |
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