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Title: |
Credit Agreement |
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Entities: |
ABN AMRO Bank N.V.; Banc of America Securities LLC; Citibank, NA; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; Peoples Energy Corp.; U.S. Bank, NA; Bank of America, NA; Bank of New York |
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Date: |
2006 |
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Size: |
Preview shows 58KB of 218KB total |
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Price: |
$56 |
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ID: |
#2312583 |
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CREDIT AGREEMENT
DATED AS OF
June 13, 2006
AMONG
PEOPLES ENERGY CORPORATION,
THE FINANCIAL INSTITUTIONS PARTY HERETO,
as Banks,
BANK OF AMERICA, N.A.,
as Administrative Agent,
JPMORGAN CHASE BANK, N.A.,
as Syndication Agent,
ABN AMRO INCORPORATED,
US BANK NATIONAL ASSOCATION,
and
THE BANK OF TOKYO-MITSUBISHI, LTD. CHICAGO BRANCH,
as Co-Documentation Agents,
and
BANC OF AMERICA SECURITIES LLC,
J.P. MORGAN SECURITIES INC.,
and
ABN AMRO INCORPORATED,
as Co-Lead Arrangers and Joint Bookrunners
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Page | ||
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SECTION 1. DEFINITIONS; INTERPRETATION. |
1 | |
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Section 1.1 Definitions |
1 | |
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Section 1.2 Interpretation |
7 | |
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SECTION 2. THE REVOLVING CREDIT. |
7 | |
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Section 2.1 The Loan Commitment, Increase Option, Extension Option. |
7 | |
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Section 2.2 Letters of Credit |
9 | |
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Section 2.3 Applicable Interest Rates |
11 | |
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Section 2.4 Minimum Borrowing Amounts |
13 | |
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Section 2.5 Manner of Borrowing Loans and Designating Interest Rates Applicable to Loans. |
13 | |
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Section 2.6 Interest Periods |
15 | |
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Section 2.7 Maturity of Loans |
15 | |
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Section 2.8 Prepayments |
15 | |
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Section 2.9 Default Rate. |
16 | |
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Section 2.10 Evidence of Debt. |
16 | |
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Section 2.11 Funding Indemnity |
17 | |
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Section 2.12 Revolving Credit Commitment Terminations |
17 | |
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Section 2.13 Regulation D Compensation |
17 | |
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Section 2.14 Arbitrage Compensation |
18 | |
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SECTION 3. FEES. |
18 | |
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Section 3.1 Fees |
18 | |
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Section 3.2 Replacement of Banks |
19 | |
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SECTION 4. PLACE AND APPLICATION OF PAYMENTS. |
20 | |
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Section 4.1 Place and Application of Payments |
20 | |
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SECTION 5. REPRESENTATIONS AND WARRANTIES. |
20 | |
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Section 5.1 Corporate Organization and Authority |
20 | |
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Section 5.2 Corporate Authority and Validity of Obligations |
20 | |
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Section 5.3 Financial Statements |
21 | |
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Section 5.4 Approvals |
21 | |
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Section 5.5 ERISA |
21 | |
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Section 5.6 Government Regulation |
21 | |
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Section 5.7 Margin Stock; Proceeds |
21 | |
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Section 5.8 Full Disclosure |
21 | |
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SECTION 6. CONDITIONS PRECEDENT. |
22 | |
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Section 6.1 Initial Credit Event |
22 | |
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Section 6.2 All Credit Events |
23 | |
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SECTION 7. COVENANTS. |
23 | |
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Section 7.1 Corporate Existence |
23 | |
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Section 7.2 ERISA |
23 | |
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Section 7.3 Financial Reports and Other Information |
24 | |
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Section 7.4 Regulation U; Proceeds |
25 | |
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Section 7.5 Sales of Assets. |
25 | |
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Section 7.6 Capital Ratio |
25 | |
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Section 7.7 Compliance with Laws |
25 | |
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Section 7.8 Mergers and Consolidations |
26 | |
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SECTION 8. EVENTS OF DEFAULT AND REMEDIES. |
26 | |
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Section 8.1 Events of Default |
26 | |
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Section 8.2 Non-Bankruptcy Defaults |
27 | |
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Section 8.3 Bankruptcy Defaults |
27 | |
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Section 8.4 Expenses |
27 | |
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SECTION 9. CHANGE IN CIRCUMSTANCES. |
28 | |
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Section 9.1 Change of Law |
28 | |
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Section 9.2 Unavailability of Deposits or Inability to Ascertain, or Inadequacy of, LIBOR. |
28 | |
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Section 9.3 Increased Cost and Reduced Return |
28 | |
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Section 9.4 Lending Offices |
30 | |
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Section 9.5 Discretion of Bank as to Manner of Funding |
30 | |
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SECTION 10. THE ADMINISTRATIVE AGENT. |
30 | |
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Section 10.1 Appointment and Authority |
30 | |
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Section 10.2 Rights as a Bank |
31 | |
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Section 10.3 Exculpatory Provisions |
31 | |
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Section 10.4 Reliance by Administrative Agent. |
31 | |
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Section 10.5 Delegation of Duties. |
32 | |
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Section 10.6 Resignation of Administrative Agent. |
32 | |
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Section 10.7 Non-Reliance on Administrative Agent and Other Banks |
33 | |
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Section 10.8 No Other Duties; Etc. |
33 | |
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Section 10.9 Administrative Agent May File Proofs of Claim. |
33 | |
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SECTION 11. MISCELLANEOUS. |
34 | |
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Section 11.1 Withholding Taxes |
34 | |
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Section 11.2 No Waiver of Rights |
35 | |
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Section 11.3 Non-Business Day |
35 | |
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Section 11.4 Documentary Taxes |
35 | |
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Section 11.5 Survival of Representations |
35 | |
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Section 11.6 Survival of Indemnities |
35 | |
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Section 11.7 Set-Off |
35 | |
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Section 11.8 Notices; Effectiveness, Electronic Communications. |
36 | |
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Section 11.9 Counterparts |
38 | |
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Section 11.10 Successors and Assigns |
38 | |
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Section 11.11 [Intentionally Omitted] |
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