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Document Preview Credit Agreement |
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Title: |
Credit Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
Preview shows 41KB of 158KB total |
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Price: |
$59 |
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ID: |
#2283157 |
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Start of Preview |
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| SECTION 1. | DEFINITIONS | 1 | ||||||
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1.1 | Defined Terms | 1 | |||||
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1.2 | Other Definitional Provisions | 12 | |||||
| SECTION 2. | AMOUNT AND TERMS OF COMMITMENTS | 13 | ||||||
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2.1 | Term Commitments | 13 | |||||
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2.2 | Procedure for Term Loan Borrowing | 13 | |||||
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2.3 | Repayment of Term Loans | 13 | |||||
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2.4 | Optional Prepayments | 13 | |||||
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2.5 | Mandatory Prepayments | 14 | |||||
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2.6 | Conversion and Continuation Options | 14 | |||||
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2.7 | Limitations on Eurodollar Tranches | 15 | |||||
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2.8 | Interest Rates and Payment Dates | 15 | |||||
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2.9 | Computation of Interest and Fees | 15 | |||||
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2.10 | Inability to Determine Interest Rate | 16 | |||||
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2.11 | Pro Rata Treatment and Payments | 16 | |||||
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2.12 | Requirements of Law | 17 | |||||
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2.13 | Taxes | 18 | |||||
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2.14 | Indemnity | 20 | |||||
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2.15 | Change of Lending Office | 20 | |||||
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2.16 | Replacement of Banks | 21 | |||||
| SECTION 3. | REPRESENTATIONS AND WARRANTIES | 21 | ||||||
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3.1 | Corporate Organization and Existence | 21 | |||||
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3.2 | Subsidiaries | 21 | |||||
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3.3 | Financial Information | 22 | |||||
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3.4 | Changes in Condition | 22 | |||||
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3.5 | Assets | 22 | |||||
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3.6 | Litigation | 22 | |||||
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3.7 | Tax Returns | 23 | |||||
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3.8 | Contracts, etc | 23 | |||||
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3.9 | No Legal Obstacle to Agreement | 23 | |||||
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3.10 | Defaults | 24 | |||||
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3.11 | Burdensome Obligations | 24 | |||||
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3.12 | Pension Plans | 24 | |||||
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3.13 | Disclosure | 24 | |||||
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3.14 | Environmental and Public and Employee Health and Safety Matters | 24 | |||||
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3.15 | Federal Regulations | 25 | |||||
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3.16 | Investment Company Act; Other Regulations | 25 | |||||
| SECTION 4. | CONDITIONS | 25 | ||||||
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4.1 | Loan Documents | 25 | |||||
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4.2 | Legal Opinions | 25 | |||||
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4.3 | Company Officers Certificate | 26 | |||||
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4.4 | Legality, etc | 26 | |||||
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4.5 | General | 26 | |||||
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4.6 | Fees | 26 | |||||
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4.7 | Rating | 26 | |||||
| SECTION 5. | GENERAL COVENANTS | 26 | ||||||
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5.1 | Taxes, Indebtedness, etc | 27 | |||||
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5.2 | Maintenance of Properties; Compliance with Law | 27 | |||||
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5.3 | Transactions with Affiliates | 27 | |||||
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5.4 | Insurance | 28 | |||||
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5.5 | Financial Statements | 28 | |||||
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5.6 | Ratio of Consolidated Total Debt to Consolidated Total Capitalization | 30 | |||||
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5.7 | Interest Coverage Ratio | 31 | |||||
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5.8 | Distributions | 31 | |||||
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5.9 | Merger or Consolidation | 31 | |||||
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5.10 | Sales of Assets | 31 | |||||
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5.11 | Compliance with ERISA | 31 | |||||
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5.12 | Negative Pledge | 32 | |||||
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5.13 | Sale-and-Leaseback Transactions | 33 | |||||
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5.14 | Use of Proceeds | 33 | |||||
| SECTION 6. | DEFAULTS | 33 | ||||||
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6.1 | Events of Default | 33 | |||||
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6.2 | Annulment of Defaults | 35 | |||||
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6.3 | Waivers | 35 | |||||
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6.4 | Course of Dealing | 36 | |||||
| SECTION 7. | THE AGENT | 36 | ||||||
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7.1 | Appointment | 36 | |||||
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7.2 | Delegation of Duties | 36 | |||||
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7.3 | Exculpatory Provisions | 36 | |||||
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7.4 | Reliance by Agent | 37 | |||||
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7.5 | Notice of Default | 37 | |||||
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7.6 | Non-Reliance on Agent and Other Banks | 37 | |||||
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7.7 | Indemnification | 38 | |||||
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7.8 | Agent in Its Individual Capacity | 38 | |||||
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7.9 | Successor Agent | 38 | |||||
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7.10 | Agents Generally | 38 | |||||
| SECTION 8. | MISCELLANEOUS | 38 | ||||||
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8.1 | Amendments and Waivers | 38 | |||||
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8.2 | Notices | 39 | |||||
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8.3 | No Waiver; Cumulative Remedies | 40 | |||||
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8.4 | Survival of Representations and Warranties | 40 | |||||
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8.5 | Payment of Expenses and Taxes; Indemnity | 40 | |||||
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8.6 | Successors and Assigns; Participations; Purchasing Banks | 41 | |||||
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8.7 | Adjustments; Set-off | 44 | |||||
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8.8 | USA PATRIOT Act | 44 | |||||
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8.9 | Counterparts | 44 | |||||
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8.10 | GOVERNING LAW | 45 | |||||
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8.11 | WAIVERS OF JURY TRIAL | 45 | |||||
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8.12 | Submission To Jurisdiction; Waivers | 45 | |||||
iii
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SCHEDULES: |
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Schedule I. |
Commitment Amounts; Lending Offices; Addresses for Notice | ||
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Schedule II. |
Subsidiaries of the Company | ||
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Schedule III. |
Indebtedness of the Company and its Subsidiaries | ||
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Schedule IV. |
Applicable Margin | ||
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Schedule V. |
Significant Litigation | ||
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EXHIBITS: |
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Exhibit A. |
Form of Term Note | ||
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Exhibit B. |
Form of Commitment Transfer Supplement | ||
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Exhibit C. |
Form of Exemption Certificate | ||
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