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Title: |
Senior Subordinated Loan Agreement |
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Entities: |
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Date: |
2006 |
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Size: |
234KB total |
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Price: |
$54 |
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ID: |
#2502685 |
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Start of Preview |
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SENIOR SUBORDINATED LOAN AGREEMENT
dated as of
September 8, 2006,
among
GEOKINETICS INC.,
as the Borrower
and
THE LENDERS PARTY HERETO
TABLE OF CONTENTS
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ARTICLE I |
Definitions |
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1 | ||
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Section 1.01. |
Defined Terms |
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1 | ||
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Section 1.02. |
Terms Generally |
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21 | ||
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Section 1.03. |
Classification of Loans |
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22 | ||
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Section 1.04. |
Rounding |
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22 | ||
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Section 1.05. |
References to Agreements and Laws |
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22 | ||
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Section 1.06. |
Times of Day |
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22 | ||
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Section 1.07. |
Timing of Payment or Performance |
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22 | ||
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ARTICLE II |
The Credits |
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22 | ||
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Section 2.01. |
Commitments |
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22 | ||
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Section 2.02. |
Loans |
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22 | ||
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Section 2.03. |
Borrowing Procedure |
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23 | ||
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Section 2.04. |
Evidence of Debt; Repayment of Loans |
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23 | ||
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Section 2.05. |
Fees |
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24 | ||
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Section 2.06. |
Interest on Loans |
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25 | ||
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Section 2.07. |
Default Interest |
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25 | ||
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Section 2.08. |
Alternate Rate of Interest |
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25 | ||
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Section 2.09. |
Repayment |
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26 | ||
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Section 2.10. |
Conversion and Continuation of Borrowings |
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26 | ||
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Section 2.11. |
Termination of Commitments |
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27 | ||
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Section 2.12. |
Optional Prepayment |
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27 | ||
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Section 2.13. |
Mandatory Prepayments |
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28 | ||
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Section 2.14. |
Reserve Requirements; Change in Circumstances |
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28 | ||
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Section 2.15. |
Change in Legality |
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29 | ||
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Section 2.16. |
Indemnity |
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30 | ||
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Section 2.17. |
Pro Rata Treatment |
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30 | ||
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Section 2.18. |
Sharing of Setoffs |
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31 | ||
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Section 2.19. |
Payments |
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31 | ||
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Section 2.20. |
Taxes |
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31 | ||
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Section 2.21. |
Assignment of Commitments Under Certain Circumstances; Duty to Mitigation |
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34 | ||
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ARTICLE III |
Representations and Warranties |
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35 | ||
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Section 3.01. |
Organization; Powers |
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35 | ||
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Section 3.02. |
Authorization |
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35 | ||
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Section 3.03. |
Enforceability |
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35 | ||
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Section 3.04. |
Governmental Approvals |
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35 | ||
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Section 3.05. |
Financial Statements |
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36 | ||
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Section 3.06. |
No Material Adverse Change |
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36 | ||
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Section 3.07. |
Title to Properties; Possession Under Leases |
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36 | ||
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Section 3.08. |
Subsidiaries |
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37 | ||
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Section 3.09. |
Litigation; Compliance with Laws |
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37 | ||
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Section 3.10. |
Agreements |
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37 | ||
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Section 3.11. |
Federal Reserve Regulations |
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37 | ||
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Section 3.12. |
Investment Company Act |
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37 | ||
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Section 3.13. |
Tax Returns |
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38 | ||
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Section 3.14. |
No Material Misstatements |
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38 | ||
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Section 3.15. |
Employee Benefit Plans |
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38 | ||
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Section 3.16. |
Environmental Matters |
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38 | ||
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Section 3.17. |
Location of Real Property and Leased Premises |
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39 | ||
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Section 3.18. |
Labor Matters |
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39 | ||
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Section 3.19. |
Solvency |
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39 | ||
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ARTICLE IV |
Conditions of Lending |
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39 | ||
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ARTICLE V |
Affirmative Covenants |
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42 | ||
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Section 5.01. |
Existence; Compliance with Laws and Contractual Obligations; Businesses and Properties |
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42 | ||
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Section 5.02. |
Insurance |
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43 | ||
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Section 5.03. |
Taxes |
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43 | ||
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Section 5.04. |
Financial Statements, Reports, etc |
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43 | ||
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Section 5.05. |
Litigation and Other Notices |
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45 | ||
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Section 5.06. |
Maintaining Records; Access to Properties and Inspections; Maintenance of Ratings |
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45 | ||
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Section 5.07. |
Use of Proceeds |
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46 | ||
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ARTICLE VI |
Negative Covenants |
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46 | ||
ii
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Section 6.01. |
Indebtedness |
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46 | ||
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Section 6.02. |
Liens |
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47 | ||
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Section 6.03. |
Sale and Lease-Back Transactions |
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49 | ||
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Section 6.04. |
Investments, Loans and Advances |
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49 | ||
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Section 6.05. |
Mergers, Consolidations, and Sales of Assets |
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50 | ||
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Section 6.06. |
Restricted Payments; Restrictive Agreements |
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51 | ||
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Section 6.07. |
Transactions with Affiliates |
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52 | ||
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Section 6.08. |
Change in Nature of Business |
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52 | ||
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Section 6.09. |
Other Indebtedness and Agreements |
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52 | ||
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Section 6.10. |
Subsidiaries |
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52 | ||
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Section 6.11. |
Partnership, etc |
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52 | ||
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Section 6.12. |
Accounting Changes; Fiscal Year |
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53 | ||
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Section 6.13. |
Capital Expenditures |
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53 | ||
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Section 6.14. |
Net Worth |
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53 | ||
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Section 6.15. |
Fixed Charge Coverage Ratio |
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