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Document Preview 364-Day Credit Agreement [Amended and Restated] |
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Title: |
364-Day Credit Agreement [Amended and Restated] |
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Entities: |
ABN AMRO Bank N.V.; Bank of Nova Scotia; Baxter International Inc.; Chase Manhattan Bank; Chase Securities Inc.; Edwards Lifesciences Corp.; First Union National Bank; Fleet National Bank; Wachovia Bank, NA; Bank of America, NA; Bank of New York |
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Date: |
2001 |
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Size: |
Preview shows 9KB of 208KB total |
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Price: |
$65 |
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ID: |
#302752 |
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Start of Preview |
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Dated as of
March 29, 2001
Among
EDWARDS LIFESCIENCES CORPORATION
as Borrower
The Lenders Party Hereto
THE CHASE MANHATTAN BANK
as Administrative Agent
CREDIT SUISSE FIRST BOSTON
as Syndication Agent
and
THE BANK OF NOVA SCOTIA
as Documentation Agent
---------------------------
JPMORGAN,
a division of Chase Securities Inc.,
as Advisor, Lead Arranger and Bookrunner
================================================================================
{PAGE}
TABLE OF CONTENTS
Page
ARTICLE I
Definitions
SECTION 1.01. Defined Terms...................................................1
SECTION 1.02. Classification of Loans and Borrowings.........................11
SECTION 1.03. Terms Generally................................................11
SECTION 1.04. Accounting Terms; GAAP.........................................11
ARTICLE II
The Credits
SECTION 2.01. Commitments....................................................11
SECTION 2.02. Loans and Borrowings...........................................12
SECTION 2.03. Requests for Revolving Borrowings..............................12
SECTION 2.04. Competitive Bid Procedure......................................13
SECTION 2.05. Funding of Borrowings..........................................14
SECTION 2.06. Repayment of Borrowings; Evidence of Debt......................15
SECTION 2.07. Interest Elections.............................................15
SECTION 2.08. Termination, Reduction and Extension of Commitments............16
SECTION 2.09. Prepayment of Loans............................................19
SECTION 2.10. Fees...........................................................19
SECTION 2.11. Interest.......................................................20
SECTION 2.12. Alternate Rate of Interest.....................................20
SECTION 2.13. Increased Costs................................................21
SECTION 2.14. Break Funding Payments.........................................22
SECTION 2.15. Taxes..........................................................22
SECTION 2.16. Payments Generally; Pro Rata Treatment; Sharing of Setoffs.....23
SECTION 2.17. Mitigation Obligations; Replacement of Lenders.................24
ARTICLE III
Representations and Warranties
SECTION 3.01. Corporate Existence and Standing...............................25
SECTION 3.02. Authorization; No Violation....................................25
SECTION 3.03. Governmental Consents..........................................25
SECTION 3.04. Validity.......................................................25
SECTION 3.05. Litigation.....................................................25
{PAGE}
Contents, p. 2
SECTION 3.06. Financial Statements; No Material Adverse Change................25
SECTION 3.07. Investment Company Act..........................................25
SECTION 3.08. Regulation U....................................................26
SECTION 3.09. Environmental Matters...........................................26
SECTION 3.10. Disclosure......................................................26
SECTION 3.11 Subsidiary Guarantors...........................................26
SECTION 3.12 Solvency........................................................26
ARTICLE IV
Conditions
SECTION 4.01. Effective Date.................................................27
SECTION 4.02. Each Credit Event..............................................27
ARTICLE V
Affirmative Covenants
SECTION 5.01. Payment of Taxes, Etc. ........................................28
SECTION 5.02. Maintenance of Insurance.......................................28
SECTION 5.03. Preservation of Existence, Etc. ...............................28
SECTION 5.04. Compliance with Laws, Etc. ....................................28
SECTION 5.05. Keeping of Books...............................................28
SECTION 5.06. Inspection.....................................................28
SECTION 5.07. Reporting Requirements.........................................28
SECTION 5.08. Use of Proceeds................................................30
SECTION 5.09. Guarantee Requirement..........................................30
ARTICLE VI
Negative Covenants
SECTION 6.01. Subsidiary Debt................................................30
SECTION 6.02. Liens, Etc. ...................................................30
SECTION 6.03. Sale and Leaseback Transactions................................33
SECTION 6.04. Merger, Etc. ..................................................33
SECTION 6.05. Change in Business.............................................33
SECTION 6.06. Certain Restrictive Agreements.................................33
SECTION 6.07. Leverage Ratio.................................................33
SECTION 6.08. Interest Coverage Ratio........................................33
ARTICLE VII
Events of Default.............................................................35
{PAGE}
Contents, p. 3
ARTICLE VIII
The Administrative Agent......................................................37
ARTICLE IX
Miscellaneous
SECTION 9.01. Notices........................................................39
SECTION 9.02. Waivers; Amendments............................................39
SECTION 9.03. Expenses; Indemnity; Damage Waiver.............................40
SECTION 9.04. Successors and Assigns.........................................41
SECTION 9.05. Survival.......................................................42
SECTION 9.06. Counterparts; Integration; Effectiveness.......................43
SECTION 9.07. Severability...................................................43
SECTION 9.08. Right of Setoff................................................43
SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process.....43
SECTION 9.10. WAIVER OF JURY TRIAL...........................................44
SECTION 9.11. Headings.......................................................44
SECTION 9.12. Confidentiality................................................44
SECTION 9.13. Conversion of Currencies.......................................44
SECTION 9.14. Release of Guarantors..........................................44
SCHEDULES:
Schedule 1.01 -- Subsidiary Guarantors
Schedule 2.01 -- Lenders and Commitments
Schedule 2.01(b) -- Departing Lenders
Schedule 2.16 -- Payment Instructions
Schedule 6.01 -- Debt of Material Subsidiaries
Schedule 6.02 -- Security Interests
EXHIBITS:
Exhibit A -- Form of Assignment and Acceptance
Exhibit B -- Form of Subsidiary Guarantee Agreement
Exhibit C -- Form of Indemnity, Subrogation and Contribution Agreement
Exhibit D-1 -- Form of Opinion of Counsel for the Company
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