|
|
|
|
Document Preview Credit Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Credit Agreement |
|||
|
Entities: |
J.P. Morgan Securities Inc.; NPC International Inc; Wells Fargo Bank, NA; Bank of America, NA; Stinson Morrison Hecker |
|||
|
Date: |
2006 |
|||
|
Size: |
Preview shows 105KB of 461KB total |
|||
|
Price: |
$99 |
|||
|
ID: |
#2577875 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
$375,000,000
CREDIT AGREEMENT
Dated as of May 3, 2006
Among
NPC INTERNATIONAL, INC.,
as Borrower,
NPC ACQUISITION HOLDINGS, LLC
and
THE OTHER GUARANTORS PARTY HERETO,
as Guarantors,
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent, Collateral Agent and Issuing Bank,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
as Syndication Agent,
BANK OF AMERICA, N.A.
and,
SUNTRUST BANK
as Co-Documentation Agents
and
THE LENDERS SIGNATORY HERETO
J.P. MORGAN SECURITIES INC.
and
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
as Joint Lead Arrangers and Joint Bookrunners
TABLE OF CONTENTS
|
|
|
Page |
|
|
|
|
|
ARTICLE I |
| |
|
|
|
|
|
DEFINITIONS AND ACCOUNTING MATTERS |
| |
|
|
|
|
|
Section 1.01 |
Certain Defined Terms |
2 |
|
Section 1.02 |
Accounting Terms; GAAP |
36 |
|
Section 1.03 |
Terms Generally |
36 |
|
Section 1.04 |
Resolution of Drafting Ambiguities |
37 |
|
|
|
|
|
ARTICLE II |
| |
|
|
|
|
|
COMMITMENTS |
| |
|
|
|
|
|
Section 2.01 |
Loans and Letters of Credit |
37 |
|
Section 2.02 |
Borrowings, Continuations and Conversions, Letters of Credit |
39 |
|
Section 2.03 |
Letters of Credit |
40 |
|
Section 2.04 |
Changes of Commitments |
45 |
|
Section 2.05 |
Fees |
45 |
|
Section 2.06 |
Several Obligations |
47 |
|
Section 2.07 |
Notes |
47 |
|
Section 2.08 |
Prepayments |
47 |
|
Section 2.09 |
[RESERVED] |
51 |
|
Section 2.10 |
[RESERVED] |
51 |
|
Section 2.11 |
Lending Offices |
51 |
|
Section 2.12 |
Increase in Commitments |
51 |
|
|
|
|
|
ARTICLE III |
| |
|
|
|
|
|
PAYMENTS OF PRINCIPAL AND INTEREST |
| |
|
|
|
|
|
Section 3.01 |
Repayment of Loans |
53 |
|
Section 3.02 |
Interest |
53 |
|
|
|
|
|
ARTICLE IV |
| |
|
|
|
|
|
PAYMENTS; PRO RATA TREATMENT; COMPUTATIONS; ETC. |
| |
|
|
|
|
|
Section 4.01 |
Payments |
54 |
|
Section 4.02 |
Pro Rata Treatment |
55 |
|
Section 4.03 |
Computations |
55 |
|
Section 4.04 |
Non-receipt of Funds by the Administrative Agent |
56 |
|
Section 4.05 |
Set-off, Sharing of Payments, Etc. |
56 |
|
Section 4.06 |
Taxes |
57 |
i
|
|
|
Page |
|
|
|
|
|
ARTICLE V |
| |
|
|
|
|
|
CAPITAL ADEQUACY AND ADDITIONAL COSTS |
| |
|
|
|
|
|
Section 5.01 |
Alternate Rate of Interest |
59 |
|
Section 5.02 |
Increased Costs |
60 |
|
Section 5.03 |
Break Funding Payments |
61 |
|
Section 5.04 |
Mitigation Obligations; Replacement of Lenders |
62 |
|
|
|
|
|
ARTICLE VI |
| |
|
|
|
|
|
CONDITIONS PRECEDENT |
| |
|
|
|
|
|
Section 6.01 |
Initial Funding |
62 |
|
Section 6.02 |
Initial and Subsequent Loans and Letters of Credit |
68 |
|
Section 6.03 |
Conditions Precedent for the Benefit of Lenders |
68 |
|
Section 6.04 |
No Waiver, Etc |
68 |
|
|
|
|
|
ARTICLE VII |
| |
|
|
|
|
|
REPRESENTATIONS AND WARRANTIES |
| |
|
|
|
|
|
Section 7.01 |
Corporate Existence |
69 |
|
Section 7.02 |
Financial Condition |
69 |
|
Section 7.03 |
Litigation |
70 |
|
Section 7.04 |
No Breach |
70 |
|
Section 7.05 |
Authority |
70 |
|
Section 7.06 |
Approvals |
71 |
|
Section 7.07 |
Use of Loans |
71 |
|
Section 7.08 |
ERISA |
71 |
|
Section 7.09 |
Taxes |
72 |
|
Section 7.10 |
Titles, Etc. |
73 |
|
Section 7.11 |
No Material Misstatements |
74 |
|
Section 7.12 |
Investment Company Act |
74 |
|
Section 7.13 |
Capital Securities and Subsidiaries |
74 |
|
Section 7.14 |
Labor Matters |
75 |
|
Section 7.15 |
Defaults |
75 |
|
Section 7.16 |
Environmental Matters |
75 |
|
Section 7.17 |
Compliance with the Law |
76 |
|
Section 7.18 |
Insurance |
77 |
|
Section 7.19 |
Restriction on Liens |
77 |
|
Section 7.20 |
Material Agreements |
77 |
|
Section 7.21 |
Solvency |
77 |
|
Section 7.22 |
Fiscal Year |
78 |
|
Section 7.23 |
Stockholders of Holdings |
78 |
|
Section 7.24 |
Intellectual Property |
78 |
|
Section 7.25 |
Security Instruments |
78 |
ii
|
|
|
Page |
|
|
|
|
|
Section 7.26 |
Acquisition Documents |
79 |
|
Section 7.27 |
[RESERVED] |
80 |
|
Section 7.28 |
Subordination of Senior Subordinated Notes |
80 |
|
Section 7.29 |
Franchise Agreements |
80 |
|
|
|
|
|
ARTICLE VIII |
| |
|
|
|
|
|
AFFIRMATIVE COVENANTS |
| |
|
|
|
|
|
Section 8.01 |
Reporting Requirements |
80 |
|
Section 8.02 |
Litigation and Other Notices |
82 |
|
Section 8.03 |
Maintenance, Etc. |
83 |
|
Section 8.04 |
Environmental Matters |
84 |
|
Section 8.05 |
Further Assurances |
85 |
|
Section 8.06 |
Performance of Obligations |
85 |
|
Section 8.07 |
ERISA Information and Compliance |
85 |
|
Section 8.08 |
Certain Agreements |
86 |
|
Section 8.09 |
Additional Collateral; Additional Guarantors |
86 |
|
Section 8.10 |
Taxes |
88 |
|
Section 8.11 |
Information Regarding Collateral |
89 |
|
Section 8.12 |
Interest Rate Protection |
|