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Title: |
Five-Year Credit Agreement |
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Entities: |
ABN AMRO Bank N.V.; Amerada Hess Corp.; Bank of Nova Scotia; Citibank, NA; Comerica Bank; Commerce Bank, NA; Commerzbank AG; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; Royal Bank of Scotland plc; Wachovia Bank, NA; Wells Fargo Bank, NA; Bank of America, NA; Bank of New York |
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Date: |
2006 |
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Size: |
Preview shows 6KB of 356KB total |
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Price: |
$81 |
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ID: |
#2286579 |
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Start of Preview |
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FIVE-YEAR CREDIT AGREEMENT
dated as of December 10, 2004
as AMENDED AND RESTATED
as of May 12, 2006
among
HESS CORPORATION,
THE LENDERS PARTY HERETO,
AMERADA HESS OIL AND GAS HOLDINGS INC.,
HESS OIL VIRGIN ISLANDS CORPORATION and
AMERADA HESS INTERNATIONAL HOLDINGS LIMITED,
as initial Borrowing Subsidiaries,
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent,
BANK OF AMERICA, N.A.,
BAYERISCHE LANDESBANK,
BNP PARIBAS,
CITIBANK, N.A.
and
THE ROYAL BANK OF SCOTLAND PLC,
as Co-Syndication Agents
and
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. and
THE BANK OF NOVA SCOTIA,
as Co-Documentation Agents
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J.P. MORGAN SECURITIES INC.,
as Sole Lead Arranger and Sole Bookrunner
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$3,000,000,000 REVOLVING CREDIT FACILITY
================================================================================
{PAGE}
TABLE OF CONTENTS
{TABLE}
{S} {C}
ARTICLE I
Definitions
SECTION 1.01. Defined Terms............................................. 2
SECTION 1.02. Classification of Loans and Borrowings.................... 19
SECTION 1.03. Terms Generally........................................... 19
SECTION 1.04. Accounting Terms; GAAP.................................... 20
ARTICLE II
The Credits
SECTION 2.01. Commitments............................................... 20
SECTION 2.02. Loans and Borrowings...................................... 20
SECTION 2.03. Requests for Revolving Borrowings......................... 21
SECTION 2.04. Bid Procedure for Competitive Loans....................... 22
SECTION 2.05. Letters of Credit......................................... 24
SECTION 2.06. Funding of Borrowings..................................... 31
SECTION 2.07. Interest Elections........................................ 31
SECTION 2.08. Termination, Reduction, Extension and Increase of
Commitments; Reduction of AHIHL Sublimit............... 32
SECTION 2.09. Repayment of Loans; Evidence of Debt...................... 36
SECTION 2.10. Prepayment of Loans....................................... 36
SECTION 2.11. Fees...................................................... 37
SECTION 2.12. Interest.................................................. 39
SECTION 2.13. Alternate Rate of Interest................................ 40
SECTION 2.14. Increased Costs........................................... 40
SECTION 2.15. Break Funding Payments.................................... 42
SECTION 2.16. Taxes..................................................... 43
SECTION 2.17. Payments Generally; Pro Rata Treatment; Sharing of
Set-offs............................................... 44
SECTION 2.18. Mitigation Obligations; Replacement of Lenders............ 45
SECTION 2.19. Borrowing Subsidiaries.................................... 46
ARTICLE III
Representations and Warranties
SECTION 3.01. Corporate Existence and Power; Compliance with Law........ 47
SECTION 3.02. Corporate Authority....................................... 47
SECTION 3.03. Enforceability............................................ 48
SECTION 3.04. Financial Condition....................................... 48
{/TABLE}
{PAGE}
{TABLE}
{S} {C}
SECTION 3.05. Litigation................................................ 48
SECTION 3.06. ERISA..................................................... 48
SECTION 3.07. Environmental Matters..................................... 48
SECTION 3.08. Federal Regulations....................................... 49
SECTION 3.09. Investment Company Status................................. 49
SECTION 3.10. Scheduled Debt............................................ 49
ARTICLE IV
Conditions
SECTION 4.01. Conditions to Effectiveness............................... 49
SECTION 4.02. Conditions to Each Credit Event........................... 50
SECTION 4.03. Conditions to Initial Borrowing by each
Borrowing Subsidiary................................... 50
ARTICLE V
Affirmative Covenants
SECTION 5.01. Financial Statements and Other Information................ 51
SECTION 5.02. Notices of Material Events................................ 53
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