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Secured Revolving Credit Agreement

 

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Title:

Secured Revolving Credit Agreement

Entities:

Logsearch, Inc.

Date:

2007

Size:

648KB total

Price:

$88

ID:

#2822799

 

 

► Loans ► Credit ► Revolving ► Secured Revolving Credit Agreements

 

 

Start of Preview


 

EXECUTION VERSION

 

 

500,000,000

 

SECURED REVOLVING CREDIT AGREEMENT

 

Dated as of September 29, 2006

 

among

 

KASLION ACQUISITION B.V.,

 

NXP B.V.,

 

NXP FUNDING LLC,
as the Borrowers

 

The Several Lenders
from Time to Time Parties Hereto

 

MORGAN STANLEY SENIOR FUNDING, INC.,
as Administrative Agent and Global Collateral Agent

 

MORGAN STANLEY BANK INTERNATIONAL LIMITED,
DEUTSCHE BANK AG, LONDON BRANCH
and
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
 as Joint Lead Arrangers and Joint Bookrunners

 

DEUTSCHE BANK AG, LONDON BRANCH,
as Syndication Agent

 

and

 

MERRILL LYNCH CAPITAL CORPORATION,
as Documentation Agent

 

 

 



 

TABLE OF CONTENTS

 

 

 

 

 

Page

 

 

 

 

 

SECTION 1.

 

DEFINITIONS

 

2

 

1.1.

 

Defined Terms

 

2

 

1.2.

 

Other Interpretive Provisions

 

58

 

1.3.

 

Accounting Terms

 

59

 

1.4.

 

Rounding

 

59

 

1.5.

 

References to Agreements, Laws, Etc.

 

59

 

1.6.

 

Exchange Rates

 

59

 

1.7.

 

Liability of Co-Borrower

 

59

 

 

 

 

 

 

SECTION 2.

 

AMOUNT AND TERMS OF CREDIT

 

60

 

2.1.

 

Commitments

 

60

 

2.2.

 

Minimum Amount of Each Borrowing; Maximum Number of Borrowings

 

60

 

2.3.

 

Notice of Borrowing

 

61

 

2.4.

 

Disbursement of Funds

 

62

 

2.5.

 

Repayment of Loans; Evidence of Debt

 

62

 

2.6.

 

Conversions and Continuations

 

63

 

2.7.

 

Pro Rata Borrowings

 

64

 

2.8.

 

Interest

 

64

 

2.9.

 

Interest Periods

 

65

 

2.10.

 

Increased Costs, Illegality, etc.

 

66

 

2.11.

 

Compensation

 

68

 

2.12.

 

Change of Lending Office

 

69

 

2.13.

 

Notice of Certain Costs

 

69

 

2.14.

 

Additional Alternative Currencies

 

70

 

 

 

 

 

 

SECTION 3.

 

LETTERS OF CREDIT

 

71

 

3.1.

 

Letters of Credit

 

71

 

3.2.

 

Letter of Credit Requests

 

72

 

3.3.

 

Letter of Credit Participations

 

72

 

3.4.

 

Agreement to Repay Letter of Credit Drawings

 

75

 

3.5.

 

Increased Costs

 

76

 

3.6.

 

New or Successor Letter of Credit Issuer

 

77

 

3.7.

 

Issuance By Affiliates

 

78

 

 

 

 

 

 

SECTION 4.

 

FEES; COMMITMENTS

 

78

 

4.1.

 

Fees

 

78

 

4.2.

 

Voluntary Reduction of Commitments

 

79

 

4.3.

 

Mandatory Termination of Commitments

 

80

 

i



 

 

 

 

 

Page

 

 

 

 

 

SECTION 5.

 

PAYMENTS

 

80

 

5.1.

 

Voluntary Prepayments

 

80

 

5.2.

 

Mandatory Prepayments and Cash Collateral

 

80

 

5.3.

 

Method and Place of Payment

 

82

 

5.4.

 

Net Payments

 

82

 

5.5.

 

Computations of Interest and Fees

 

84

 

5.6.

 

Limit on Rate of Interest

 

84

 

5.7.

 

Currency Indemnity

 

85

 

 

 

 

 

 

SECTION 6.

 

CONDITIONS PRECEDENT TO INITIAL BORROWING

 

85

 

6.1.

 

Credit Documents

 

85

 

6.2.

 

Acquisition Agreement

 

86

 

6.3.

 

Indebtedness

 

86

 

6.4.

 

Solvency Certificate

 

86

 

6.5.

 

Legal Opinions

 

87

 

6.6.

 

Closing Certificates

 

87

 

6.7.

 

Corporate Proceedings of Each Credit Party

 

87

 

6.8.

 

Corporate Documents

 

87

 

6.9.

 

Collateral

 

87

 

6.10.

 

Fees

 

88

 

6.11.

 

Bridge Loans and Senior Notes

 

88

 

6.12.

 

Know Your Customer

 

88

 

 

 

 

 

 

SECTION 7.

 

CONDITIONS PRECEDENT TO ALL CREDIT EVENTS AND CERTAIN FUNDS

 

88

 

7.1.

 

No Default; Representations and Warranties

 

88

 

7.2.

 

Notice of Borrowing; Letter of Credit Request

 

89

 

7.3.

 

Certain Funds

 

89

 

 

 

 

 

 

SECTION 8.

 

REPRESENTATIONS, WARRANTIES AND AGREEMENTS

 

89

 

8.1.