|
|
|
|
Document Preview Credit Agreement [Amended and Restated 2003] |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Credit Agreement [Amended and Restated 2003] |
|||
|
Entities: |
Bank One, NA; Hallwood Group Inc.; Hallwood Realty Partners LP; Bank of New York; Jenkens & Gilchrist; HWG, LLC; First Bank |
|||
|
Date: |
2003 |
|||
|
Size: |
Preview shows 9KB of 317KB total |
|||
|
Price: |
$99 |
|||
|
ID: |
#291059 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
AMENDED AND RESTATED CREDIT AGREEMENT
DATED AS OF
JULY 28, 2003
AMONG
HWG, LLC,
AS THE BORROWER,
THE HALLWOOD GROUP INCORPORATED,
AS PARENT GUARANTOR,
FIRST BANK (D/B/A FIRST BANK & TRUST)
AS THE ADMINISTRATIVE AGENT,
AND
THE FINANCIAL INSTITUTIONS
NOW OR HEREAFTER PARTIES HERETO,
AS THE LENDERS
$3,000,000 TERM A LOAN
$3,000,000 SPECIAL PURPOSE ADVANCE TERM LOAN
$4,000,000 REVOLVING CREDIT FACILITY
$5,000,000 SPECIAL PURPOSE ADVANCE LOAN
--------------------------------------------------------------------------------
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page No.
--------
{S} {C}
Article 1
DEFINITIONS; CONSTRUCTION
Section 1.1 Definitions.................................................................................... 2
Section 1.2 Accounting Terms and Determinations............................................................ 19
Section 1.3 Other Definitional Terms....................................................................... 19
Article 2
AMOUNT AND TERMS OF LOANS
Section 2.1 Loans and Commitments.......................................................................... 19
Section 2.2 Borrowing Requests............................................................................. 20
Section 2.3 Disbursement of Funds.......................................................................... 21
Section 2.4 Notes and Amortization......................................................................... 22
Section 2.5 Interest....................................................................................... 22
Section 2.6 Interest Periods............................................................................... 23
Section 2.7 Repayment of Loans; Accounts and Register...................................................... 24
Section 2.8 Prepayments.................................................................................... 25
Section 2.9 Continuation and Conversion Options............................................................ 27
Section 2.10 Fees........................................................................................... 28
Section 2.11 Payments, etc.................................................................................. 29
Section 2.12 Interest Rate Not Ascertainable, etc........................................................... 29
Section 2.13 Illegality..................................................................................... 30
Section 2.14 Increased Costs................................................................................ 30
Section 2.15 Change of Lending Office....................................................................... 32
Section 2.16 Funding Losses................................................................................. 32
Section 2.17 Sharing of Payments, etc....................................................................... 32
Section 2.18 Taxes.......................................................................................... 33
Section 2.19 Pro Rata Treatment............................................................................. 34
Article 3
CONDITIONS Precedent
Section 3.1 Closing........................................................................................ 34
Section 3.2 Conditions Precedent to SPA Loans.............................................................. 37
Section 3.3 Conditions Precedent to SPA Term Loans......................................................... 37
Section 3.4 Conditions Precedent to All Loans.............................................................. 37
Article 4
SECURITY
Section 4.1 Security Granted............................................................................... 38
Section 4.2 Collateral Value............................................................................... 38
Section 4.3 Benchmark Collateral Deficiency................................................................ 39
Section 4.4 Substitution of Collateral..................................................................... 39
Article 5
REPRESENTATIONS AND WARRANTIES
Section 5.1 Existence...................................................................................... 39
{/TABLE}
i
{PAGE}
{TABLE}
{S} {C}
Section 5.2 Power and Authorization........................................................................ 39
Section 5.3 Binding Obligations............................................................................ 40
Section 5.4 No Legal Bar or Resultant Lien................................................................. 40
Section 5.5 No Consent..................................................................................... 40
Section 5.6 Financial Information.......................................................................... 40
Section 5.7 Investments and Guaranties..................................................................... 41
Section 5.8 Litigation..................................................................................... 41
Section 5.9 Use of Proceeds................................................................................ 41
Section 5.10 Employee Benefits.............................................................................. 42
Section 5.11 Taxes; Governmental Charges.................................................................... 43
Section 5.12 Titles, etc.................................................................................... 43
Section 5.13 Defaults....................................................................................... 43
Section 5.14 Casualties; Taking of Properties............................................................... 43
Section 5.15 Compliance with the Law........................................................................ 43
Section 5.16 No Material Misstatements...................................................................... 44
Section 5.17 Investment Company Act......................................................................... 44
Section 5.18 Public Utility Holding Company Act............................................................. 44
Section 5.19 Subsidiaries................................................................................... 44
Section 5.20 Insurance...................................................................................... 44
Section 5.21 Environmental Matters.......................................................................... 45
Section 5.22 Solvency....................................................................................... 46
Section 5.23 Employee Matters............................................................................... 46
Section 5.24 Subordinated Debenture Documents, etc.......................................................... 46
|
End of Preview |
Home Intelligence Services Subscriptions News About Us