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Document Preview Loan and Security Agreement |
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Title: |
Loan and Security Agreement |
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Entities: |
Comerica Bank; Genencor International Inc.; Martek Biosciences Corp.; Bank of America, NA; Bank of New York; Hogan & Hartson |
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Date: |
2004 |
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Size: |
Preview shows 38KB of 460KB total |
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Price: |
$99 |
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ID: |
#254120 |
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Start of Preview |
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Loan and Security Agreement
between
Martek Biosciences Corporation,
A Delaware Corporation,
as Borrower
and
Manufacturers And Traders Trust Company,
as Administrative Agent and as Sole Book Runner
and
Bank Of America, N.A.,
as Syndication Agent
and
SunTrust Bank,
as Documentation Agent
and
Manufacturers And Traders Trust Company
AND VARIOUS OTHER FINANCIAL INSTITUTIONS
NOW OR HEREAFTER PARTY HERETO
As Lenders
Dated: January 26, 2004
TABLE OF CONTENTS
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ARTICLE 1 - DEFINITIONS |
1 | |||||
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Section 1.1. Account Debtor |
1 | |||||
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Section 1.2. Account, Chattel Paper, Document, General Intangibles, Goods, Instrument, Letter-Of-Credit Right, Payment Intangible, Promissory Notes, And Software |
1 | |||||
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Section 1.3. Adjusted Base Rate. |
1 | |||||
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Section 1.4. Adjusted LIBOR Rate. |
1 | |||||
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Section 1.5. Affiliate. |
2 | |||||
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Section 1.6. Agreement. |
2 | |||||
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Section 1.7. Applicable Percentage. |
2 | |||||
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Section 1.8. Assignee. |
2 | |||||
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Section 1.9. Base Rate. |
3 | |||||
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Section 1.10. Base Rate Borrowing. |
3 | |||||
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Section 1.11. Basis Point. |
3 | |||||
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Section 1.12. Borrowing Date. |
3 | |||||
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Section 1.13. Business Day. |
3 | |||||
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Section 1.14. Calculation Date. |
3 | |||||
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Section 1.15. Capital Adequacy Requirement. |
3 | |||||
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Section 1.16. Capital Expenditures. |
3 | |||||
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Section 1.17. Capital Lease Obligations. |
3 | |||||
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Section 1.18. Casualty Event. |
3 | |||||
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Section 1.19. Change Of Control. |
3 | |||||
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Section 1.20. Closing. |
4 | |||||
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Section 1.21. Code. |
4 | |||||
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Section 1.22. Collateral. |
4 | |||||
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Section 1.23. Commitment Amount. |
4 | |||||
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Section 1.24. Commitment Fee. |
4 | |||||
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Section 1.25. Commitment Percentage. |
4 | |||||
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Section 1.26. Credit Documents. |
5 | |||||
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Section 1.27. Default. |
5 | |||||
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Section 1.28. Disposition. |
5 | |||||
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Section 1.29. Domestic Subsidiary. |
5 | |||||
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Section 1.30. EBITDA. |
5 | |||||
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Section 1.31. Eligible Assignee. |
5 | |||||
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Section 1.32. Employee Benefit Plan. |
5 | |||||
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Section 1.33. Environmental Laws. |
5 | |||||
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Section 1.34. ERISA. |
6 | |||||
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Section 1.35. ERISA Affiliate. |
6 | |||||
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Section 1.36. ERISA Liabilities. |
6 | |||||
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Section 1.37. Event Of Default. |
6 | |||||
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Section 1.38. Facilities. |
6 | |||||
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Section 1.39. Federal Funds Rate. |
6 | |||||
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Section 1.40. Fiscal Quarter. |
6 | |||||
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Section 1.41. Fiscal Year. |
6 | |||||
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Section 1.42. Fixed Charge Coverage Ratio. |
6 | |||||
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Section 1.43. Fixed Charges. |
7 | |||||
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Section 1.44. Funded Debt Payments. |
7 | |||||
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Section 1.45. Funded Indebtedness. |
7 | |||||
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Section 1.46. G.A.A.P. |
7 | |||||
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Section 1.47. Governmental Authority. |
7 | |||||
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Section 1.48. Guaranteed Pension Plan. |
7 | |||||
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Section 1.49. Guarantors. |
7 | |||||
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Section 1.50. Guaranty Agreements. |
8 | |||||
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Section 1.51. Guaranty Indebtedness. |
8 | |||||
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Section 1.52. Indebtedness. |
8 | |||||
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Section 1.53. Insolvency Proceedings. |
8 | |||||
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Section 1.54. Intellectual Property. |
8 | |||||
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Section 1.55. Interest Expense. |
9 | |||||
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Section 1.56. Interest Period. |
9 | |||||
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Section 1.57. Interest Rate Hedge. |
9 | |||||
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Section 1.58. Inventory. |
9 | |||||
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Section 1.59. Laws. |
9 | |||||
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Section 1.60. L/C Obligations. |
9 | |||||
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Section 1.61. Lender Assignment. |
9 | |||||
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Section 1.62. Lenders. |
9 | |||||
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Section 1.63. Letter Agreement. |
9 | |||||
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Section 1.64. Letters Of Credit. |
10 | |||||
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Section 1.65. Leverage Ratio. |
10 | |||||
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Section 1.66. LIBOR Borrowing. |
10 | |||||
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Section 1.67. LIBOR Rate. |
10 | |||||
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Section 1.68. Liens. |
10 | |||||
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Section 1.69. Loans. |
10 | |||||
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Section 1.70. M&T. |
10 | |||||
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Section 1.71. Material Adverse Event. |
10 | |||||
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Section 1.72. Maturity Date. |
10 | |||||
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Section 1.73. Maximum Aggregate Loan Amount. |
10 | |||||
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Section 1.74. Minimum Borrowing Amount. |
10 | |||||
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Section 1.75. Multiemployer Plan. |
11 | |||||
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Section 1.76. Net Available Proceeds. |
11 | |||||
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Section 1.77. Net Income. |
11 | |||||
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Section 1.78. Notes. |
11 | |||||
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Section 1.79. Obligations. |
11 | |||||
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Section 1.80. Other Taxes. |
11 | |||||
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Section 1.81. Permitted Investments. |
12 | |||||
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Section 1.82. Permitted Liens. |
12 | |||||
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Section 1.83. Person. |
12 | |||||
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Section 1.84. Prepayment Disposition. |
12 | |||||
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Section 1.85. Prime Rate. |
12 | |||||
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Section 1.86. Receivables. |
13 | |||||
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Section 1.87. Records. |
13 | |||||
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Section 1.88. Regulated Substance. |
13 | |||||
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Section 1.89. Regulatory Change. |
13 | |||||
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Section 1.90. Release. |
13 | |||||
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Section 1.91. Required Lenders. |
13 | |||||
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Section 1.92. Reserve Requirement. |
13 | |||||
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Section 1.93. Restricted Payment. |
14 | |||||
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Section 1.94. Secured Parties. |
14 | |||||
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Section 1.95. Secured Party Expenses. |
14 | |||||
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Section 1.96. Solvent. |
14 | |||||
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Section 1.97. Subsidiary. |
14 | |||||
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Section 1.98. Taxes. |
15 | |||||
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Section 1.99. Termination Event. |
15 | |||||
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Section 1.100. Transferee. |
15 | |||||
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ARTICLE 2 - TERMS OF THE LOANS AND LETTERS OF CREDIT |
15 | |||||
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Section 2.1. Commitment To Extend Loans |
15 | |||||
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Section 2.1.1. Revolving Loan Promissory Notes |
15 | |||||
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End of Preview |
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