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Title: |
Credit Agreement |
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Entities: |
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Date: |
2007 |
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Size: |
Preview shows 39KB of 362KB total |
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Price: |
$99 |
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ID: |
#3018169 |
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Start of Preview |
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EXECUTION VERSION
$240,000,000
CREDIT AGREEMENT
Dated as of June 7, 2006
among
DRAGON MERGER CORPORATION
as Borrower before the Merger
DURATEK, INC.
as Borrower after the Merger
THE LENDERS FROM TIME TO TIME PARTY HERETO
as Lenders
CITIGROUP GLOBAL MARKETS INC.
as Sole Lead Arranger and Sole Bookrunner
CITICORP NORTH AMERICA, INC.
as Administrative Agent and Collateral Agent
and
CALYON NEW YORK BRANCH
as Syndication Agent
Cahill Gordon & Reindel LLP
80 Pine Street
New York, New York 10005
Table of Contents
| Page | ||||
| ARTICLE 1. | ||||
| DEFINITIONS | ||||
|
Section 1.1 |
Defined Terms. | 1 | ||
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Section 1.2 |
Defined Agreements as Modified. | 23 | ||
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Section 1.3 |
Computation of Time Periods; Other Definitional Provisions. | 23 | ||
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Section 1.4 |
Accounting Terms. | 24 | ||
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Section 1.5 |
Pro Forma Calculations. | 24 | ||
| ARTICLE 2. | ||||
| LOANS | ||||
|
Section 2.1 |
The Loans. | 24 | ||
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Section 2.2 |
Manner of Borrowing and Disbursement. | 24 | ||
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Section 2.3 |
Interest. | 26 | ||
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Section 2.4 |
Repayment. | 27 | ||
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Section 2.5 |
[Reserved]. | 27 | ||
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Section 2.6 |
Optional Prepayments and Application of Prepayments. | 27 | ||
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Section 2.7 |
[Reserved] | 28 | ||
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Section 2.8 |
Mandatory Prepayments. | 28 | ||
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Section 2.9 |
Evidence of Debt. | 29 | ||
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Section 2.10 |
Manner of Payment. | 29 | ||
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Section 2.11 |
Reimbursement. | 31 | ||
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Section 2.12 |
32 | |||
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Section 2.13 |
Capital Adequacy. | 32 | ||
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Section 2.14 |
Taxes. | 33 | ||
| ARTICLE 3. | ||||
| CONDITIONS PRECEDENT | ||||
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Section 3.1 |
Conditions Precedent. | 35 | ||
| ARTICLE 4. | ||||
| REPRESENTATIONS AND WARRANTIES | ||||
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Section 4.1 |
Representations and Warranties. | 40 | ||
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Section 4.2 |
Survival of Representations and Warranties, Etc. | 48 | ||
| ARTICLE 5. | ||||
| GENERAL COVENANTS | ||||
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Section 5.1 |
Preservation of Existence and Similar Matters. | 48 | ||
-i-
| Page | ||||
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Section 5.2 |
Business; Compliance with Applicable Law. | 48 | ||
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Section 5.3 |
Maintenance of Properties. | 48 | ||
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Section 5.4 |
Accounting Methods and Financial Records. | 49 | ||
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Section 5.5 |
Insurance. | 49 | ||
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Section 5.6 |
Payment of Taxes and Claims. | 50 | ||
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Section 5.7 |
Visits and Inspections. | 50 | ||
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Section 5.8 |
Payment of Indebtedness; Loans. | 50 | ||
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Section 5.9 |
Use of Proceeds. | 51 | ||
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Section 5.10 |
Real Estate. | 51 | ||
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Section 5.11 |
Indemnity. | 51 | ||
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Section 5.12 |
Interest Rate Hedging. | 52 | ||
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Section 5.13 |
Covenants Regarding Formation of Subsidiaries and the Making of Acquisitions. | 53 | ||
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Section 5.14 |
Maintenance of Rating. | 54 | ||
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Section 5.15 |
Environmental Compliance. | 54 | ||
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Section 5.16 |
Required Consents and Transfer of Licenses in Event of Default. | 55 | ||
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Section 5.17 |
Subordination of Intercompany Loans. | 55 | ||
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Section 5.18 |
IPO Reorganization. | 55 | ||
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Section 5.19 |
EnergySolutions Payoff. | 55 | ||
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Section 5.20 |
Post-Closing Collateral Matters. | 56 | ||
| ARTICLE 6. | ||||
| INFORMATION COVENANTS | ||||
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Section 6.1 |
Quarterly and Interim Financial Statements and Information. | 57 | ||
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Section 6.2 |
Annual Financial Statements and Information. | 57 | ||
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Section 6.3 |
Performance Certificates. | 57 | ||
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Section 6.4 |
Copies of Other Reports. | 58 | ||
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Section 6.5 |
Notice of Litigation and Other Matters. | 58 | ||
| ARTICLE 7. | ||||
| NEGATIVE COVENANTS | ||||
|
Section 7.1 |
Indebtedness of Holdco, EnergySolutions and Its Subsidiaries. | 59 | ||
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Section 7.2 |
Limitation on Liens. | 61 | ||
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Section 7.3 |
Amendment and Waiver. | 62 | ||
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Section 7.4 |
Liquidation, Merger, Disposition of Assets. | 62 | ||
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Section 7.5 |
Limitation on Guaranties. | 63 | ||
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Section 7.6 |
Investments and Acquisitions. | 63 | ||
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Section 7.7 |
Financial Covenants. | 65 | ||
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Section 7.8 |
Affiliate Transactions and Restricted Payments. | 66 | ||
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Section 7.9 |
Real Estate. | 67 | ||
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Section 7.10 |
ERISA Liabilities. | 67 | ||
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Section 7.11 |
Limitation on Preferred Stock. | 67 | ||
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Section 7.12 |
Negative Pledge. | 67 | ||
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Section 7.13 |
Payment Restrictions Affecting Subsidiaries. | 68 | ||
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Section 7.14 |
Speculative Transactions. | 68 | ||
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Section 7.15 |
Name, Jurisdiction of Organization and Business. | 68 | ||
-ii-
| Page | ||||
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Section 7.16 |
[Reserved] | 68 | ||
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Section 7.17 |
Permitted Activities of Holdings and Parent. | |||
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End of Preview |
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