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Title: |
Bridge Credit Agreement |
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Date: |
2007 |
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Preview shows 8KB of 242KB total |
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$96 |
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#2842303 |
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U.S. $1,000,000,000
BRIDGE CREDIT AGREEMENT
Dated as of April 30, 2007
Among
XEROX CORPORATION
as Borrower
-- --------
and
THE INITIAL LENDERS NAMED HEREIN
as Initial Lenders
-- ------- -------
and
CITIBANK, N.A.
as Administrative Agent
-- -------------- -----
and
JPMORGAN CHASE BANK, N.A.
as Syndication Agent
-- -----------------
and
CITIGROUP GLOBAL MARKETS INC.
and
J.P. MORGAN SECURITIES INC.
as Joint Lead Arrangers and Joint Bookrunners
-- ----- ---- --------- --- ----- -----------
{PAGE}
TABLE OF CONTENTS
ARTICLE I
SECTION 1.01. Certain Defined Terms 1
SECTION 1.02. Computation of Time Periods 16
SECTION 1.03. Accounting Terms 16
ARTICLE II
SECTION 2.01. The Advances 17
SECTION 2.02. Making the Advances 17
SECTION 2.03. Fees 18
SECTION 2.04. Termination or Reduction of the Commitments 18
SECTION 2.05. Repayment of Advances 19
SECTION 2.06. Interest on Advances 19
SECTION 2.07. Interest Rate Determination 19
SECTION 2.08. Optional Conversion of Advances 21
SECTION 2.09. Prepayments of Advances 21
SECTION 2.10. Increased Costs 21
SECTION 2.11. Illegality 22
SECTION 2.12. Payments and Computations 23
SECTION 2.13. Taxes 24
SECTION 2.14. Sharing of Payments, Etc. 26
SECTION 2.15. Evidence of Debt 26
SECTION 2.16. Use of Proceeds 27
ARTICLE III
SECTION 3.01. Conditions Precedent to Effectiveness 27
{PAGE}
SECTION 3.02. Conditions Precedent to Each Borrowing. 28
SECTION 3.03. Determinations Under Section 3.01 29
ARTICLE IV
SECTION 4.01. Representations and Warranties of the Borrower 29
ARTICLE V
SECTION 5.01. Affirmative Covenants 31
SECTION 5.02. Negative Covenants 34
SECTION 5.03. Financial Covenants 38
ARTICLE VI
SECTION 6.01. Events of Default 39
ARTICLE VII
SECTION 7.01. Authorization and Action 41
SECTION 7.02. Agent's Reliance, Etc. 42
SECTION 7.03. Citibank and Affiliates 42
SECTION 7.04. Lender Credit Decision 42
SECTION 7.05. Indemnification 42
SECTION 7.06. Successor Agent 43
SECTION 7.07. Other Agents. 44
ARTICLE VIII
SECTION 8.01. Amendments, Etc. 44
SECTION 8.02. Notices, Etc. 44
SECTION 8.03. No Waiver; Remedies 45
SECTION 8.04. Costs and Expenses 45
SECTION 8.05. Right of Set-off 47
ii
{PAGE}
SECTION 8.06. Binding Effect 47
SECTION 8.07. Assignments and Participations 47
SECTION 8.08. Confidentiality 50
SECTION 8.08. Governing Law 50
SECTION 8.09. Execution in Counterparts 50
SECTION 8.10. Jurisdiction, Etc. 50
SECTION 8.11. Patriot Act Notice 51
SECTION 8.12. Waiver of Jury Trial 52
Schedules
---------
Schedule I - List of Applicable Lending Offices
Schedule 5.02(a) - Existing Liens
Exhibits
--------
Exhibit A - Form of Note
Exhibit B - Form of Notice of Borrowing
Exhibit C - Form of Assignment and Acceptance
Exhibit D-1 - Form of Opinion of Counsel for the Borrower
Exhibit D-2 - Form of Opinion of General Counsel of the Borrower
iii
{PAGE}
BRIDGE CREDIT AGREEMENT
Dated as of April 30, 2007
XEROX CORPORATION, a New York corporation (the "Borrower"),
the banks, financial institutions and other institutional lenders (the "Initial
Lenders") listed on Schedule I hereto, CITIBANK, N.A. ("Citibank"), as
administrative agent (the "Agent") for the Lenders (as hereinafter defined),
JPMORGAN CHASE BANK, N.A., as syndication agent, and CITIGROUP GLOBAL MARKETS
INC. and J.P. MORGAN SECURITIES INC., as Joint Lead Arrangers and Joint
Bookrunners, agree as follows:
ARTICLE I
DEFINITIONS AND ACCOUNTING TERMS
SECTION 1.01. Certain Defined Terms. As used in this
Agreement, the following terms shall have the following meanings (such meanings
to be equally applicable to both the singular and plural forms of the terms
defined):
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