Preview | Credit Agreement |

Table of Contents


	Page
Article I DEFINITIONS AND ACCOUNTING TERMS		5
Section 1.01. Certain Defined Terms		5
Section 1.02. Computation of Time Periods		23
Section 1.03. Accounting Terms		23

Article II AMOUNTS AND TERMS OF THE ADVANCES		23
Section 2.01. The Advances. Revolving Credit Advances		23
Section 2.02. Making the Revolving Credit Advances		24
Section 2.03. Fees		25
Section 2.04. Termination or Reduction of the Commitments		25
Section 2.05. Repayment of Advances		26
Section 2.06. Interest		26
Section 2.07. Interest Rate Determination		26
Section 2.08. Optional Conversion of Advances		27
Section 2.09. Prepayments		27
Section 2.10. Increased Costs		28
Section 2.11. Illegality		28
Section 2.12. Payments and Computations		29
Section 2.13. Taxes		30
Section 2.14. Sharing of Payments, Etc.		31
Section 2.15. Use of Proceeds		32
Section 2.16. Issuance of and Drawings and Reimbursement Under Letters of Credit		32
Section 2.17. Increase in Commitments		36

Article III CONDITIONS TO EFFECTIVENESS AND LENDING		38
Section 3.01. Conditions Precedent to Initial Extension of Credit		38
Section 3.02. Conditions Precedent to Each Borrowing and Issuance, Etc.		40

Article IV REPRESENTATIONS AND WARRANTIES		41
Section 4.01. Representations and Warranties of the Loan Parties		41

Article V COVENANTS OF THE BORROWER		46
Section 5.01. Affirmative Covenants		46
Section 5.02. Negative Covenants		52
Section 5.03. Reporting Requirements		60
Section 5.04. Financial Covenants		63

Article VI EVENTS OF DEFAULT		63
Section 6.01. Events of Default		63
Section 6.02. Actions in Respect of the Letters of Credit upon Default		66

Article VII BORROWER GUARANTY		67
Section 7.01. Guaranty		67
Section 7.02. Guaranty Absolute		67
Section 7.03. Waivers and Acknowledgments		68
Section 7.04. Subrogation		68
Section 7.05. Continuing Guaranty		69

Crowley Credit Agreement

iii


	Page
Article VIII the agents		69
Section 8.01. Authorization and Action		69
Section 8.02. Agents Reliance, Etc.		70
Section 8.03. CUSA and Affiliates		70
Section 8.04. Lender Party Credit Decision		70
Section 8.05. Indemnification		71
Section 8.06. Successor Agents		72

Article IX MISCELLANEOUS		72
Section 9.01. Amendments, Etc.		72
Section 9.02. Notices, Etc.		73
Section 9.03. No Waiver; Remedies, Entire Agreement		74
Section 9.04. Costs and Expenses		74
Section 9.05. Right of Set-off		75
Section 9.06. Binding Effect		76
Section 9.07. Assignments and Participations		76
Section 9.08. Execution in Counterparts		79
Section 9.09. No Liability of the Issuing Bank		79
Section 9.10. Confidentiality		79
Section 9.11. Release of Collateral		79
Section 9.12. Patriot Act Notification		80
Section 9.13. JURISDICTION, ETC		80
Section 9.14. GOVERNING LAW		80
Section 9.15. WAIVER OF JURY TRIAL		80

Crowley Credit Agreement


Schedules
Schedule I				Commitments and Applicable Lending Offices
Schedule II				Existing Letters of Credit
Schedule III				Existing Indebtedness; Guaranty Obligations; Liens
Schedule IV				Designated Account Parties
Schedule V				Ownership of the Borrower
Schedule VI				Disclosed Litigation
Schedule VII				Subsidiaries of the Borrower
Schedule VIII				Asset Dispositions
Schedule IX				Regulated Subsidiaries

End of Preview

Home Intelligence Services Subscriptions News About Us