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Document Preview Credit and Guarantee Agreement |
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Title: |
Credit and Guarantee Agreement |
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Entities: |
Bank of Nova Scotia; Calpine Channel Energy Center LP, LLC; Morgan Stanley & Co. Inc.; Morgan Stanley Senior Funding Inc.; POSCO; Solutia Inc.; International Swaps & Derivatives Association, Inc.; Bracewell & Patterson L.L.P.; Davis Wright Tremaine; Kilpatrick Stockton; Thelen Reid & Priest LLP; Winston & Strawn |
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Date: |
2004 |
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Size: |
Preview shows 5KB of 514KB total |
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Price: |
$99 |
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ID: |
#2528263 |
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EXECUTION VERSION
$600,000,000
FIRST PRIORITY SECURED INSTITUTIONAL TERM LOANS DUE 2009
CREDIT AND GUARANTEE AGREEMENT
Dated as of March 23,2004
among
CALPINE GENERATING COMPANY, LLC
The Borrower
THE GUARANTORS PARTY HERETO FROM TIME TO TIME
The Guarantors
THE LENDERS PARTY HERETO FROM TIME TO TIME
The Lenders
MORGAN STANLEY SENIOR FUNDING, INC.
Administrative Agent
and
MORGAN STANLEY SENIOR FUNDING, INC.
Sole Lead Arranger and Sole Bookrunner
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
----
{S} {C}
ARTICLE I.
DEFINITIONS AND RULES OF CONSTRUCTION
SECTION 1.01. Definitions .......................................................................... 3
SECTION 1.02. Rules of Construction ................................................................ 47
ARTICLE II.
THE FIRST PRIORITY TERM LOANS
SECTION 2.01. First Priority Term Loans ............................................................ 48
SECTION 2.02. Amount of First Priority Term Loans; Availability of Funds ........................... 48
SECTION 2.03. Use of Proceeds ...................................................................... 49
SECTION 2.04. Evidence of Debt; Register; Lenders' Books and Records; Notes ........................ 49
SECTION 2.05. Interest ............................................................................. 50
SECTION 2.06. Continuation Notice .................................................................. 51
SECTION 2.07. Default Interest ..................................................................... 52
SECTION 2.08. Fees ................................................................................. 53
SECTION 2.09. Payments ............................................................................. 53
SECTION 2.10. Voluntary Prepayments ................................................................ 53
SECTION 2.11. Mandatory Repayment Offers ........................................................... 54
SECTION 2.12. General Provisions Regarding Payments ................................................ 55
SECTION 2.13. Ratable Sharing ...................................................................... 56
SECTION 2.14. Making or Maintaining First Priority Term Loans ...................................... 57
SECTION 2.15. Increased Costs; Capital Adequacy .................................................... 59
SECTION 2.16. Taxes; Withholding, etc .............................................................. 60
SECTION 2.17. Removal or Replacement of a Lender ................................................... 63
ARTICLE III.
CONDITIONS PRECEDENT
SECTION 3.01. Resolutions .......................................................................... 64
SECTION 3.02. Incumbency ........................................................................... 64
SECTION 3.03. Formation Documents .................................................................. 64
SECTION 3.04. Good Standing Certificates ........................................................... 64
SECTION 3.05. Financial Officer's Certificate ...................................................... 64
SECTION 3.06. Security ............................................................................. 65
SECTION 3.07. Consummation of Notes Offering, Second Priority Term Loan
Agreement, Revolving Loan Agreement and First Priority Term Loan Documents ......... 67
SECTION 3.08. Ratings .............................................................................. 67
SECTION 3.09. No Material Adverse Change ........................................................... 67
SECTION 3.10. Third Party Approvals ................................................................ 68
{/TABLE}
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