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Title: |
364-Day Credit Agreement |
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Entities: |
Banc of America Securities LLC; Citibank, NA; Citigroup Global Markets Inc.; Comerica Bank; Deutsche Bank Securities Inc.; Fleet National Bank; JPMorgan Chase Bank; Lehman Brothers Bank; Pepsi Bottling Group Inc.; PepsiCo, Inc.; Wells Fargo Bank, NA; Bank of America, NA; Bank of New York; Milbank, Tweed, Hadley & McCloy |
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Date: |
2003 |
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Size: |
Preview shows 6KB of 246KB total |
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Price: |
$55 |
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ID: |
#311691 |
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EXECUTION COUNTERPART
================================================================================
U.S. $250,000,000
364-DAY CREDIT AGREEMENT
Dated as of April 30, 2003
among
THE PEPSI BOTTLING GROUP, INC.
BOTTLING GROUP, LLC
THE LENDERS NAMED HEREIN
JPMORGAN CHASE BANK,
as Agent,
CITIGROUP GLOBAL MARKETS INC. and
BANC OF AMERICA SECURITIES LLC,
as Joint Lead Arrangers and
Book Managers
and
CITIBANK, N.A.,
BANK OF AMERICA, N.A.,
CREDIT SUISSE FIRST BOSTON, and
DEUTSCHE BANK SECURITIES INC.
as Syndication Agents
================================================================================
{PAGE}
EXHIBIT 4.8
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
----
{S} {C}
ARTICLE I DEFINITIONS AND ACCOUNTING .................................................... 1
SECTION 1.01. Certain Defined Terms ............................................ 1
SECTION 1.02. Computation of Time Periods ...................................... 13
SECTION 1.03. Accounting Terms ................................................. 13
ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES ............................................ 13
SECTION 2.01. The Revolving Credit Advances .................................... 13
SECTION 2.02. Making the Revolving Credit Advances ............................. 14
SECTION 2.03. The Competitive Bid Advances ..................................... 15
SECTION 2.04. Fees ............................................................. 18
SECTION 2.05. Termination, Reduction or Increase of the Commitments ............ 19
SECTION 2.06. Repayment of Revolving Credit Advances, Evidence of
Indebtedness, Extension of Termination Date and Termed Out Loans ........ 22
SECTION 2.07. Interest on Revolving Credit Advances ............................ 24
SECTION 2.08. Interest Rate Determination ...................................... 24
SECTION 2.09. Optional Conversion of Revolving Credit Advances ................. 25
SECTION 2.10. Optional Prepayments of Revolving Credit Advances ................ 26
SECTION 2.11. Increased Costs .................................................. 26
SECTION 2.12. Illegality ....................................................... 27
SECTION 2.13. Payments and Computations ........................................ 27
SECTION 2.14. Taxes ............................................................ 28
SECTION 2.15. Sharing of Payments, Etc ......................................... 31
SECTION 2.16. Use of Proceeds .................................................. 31
SECTION 2.17. Borrowings by Borrowing Subsidiaries; Substitution of Borrower ... 31
SECTION 2.18. Mitigation Obligations ........................................... 32
ARTICLE III CONDITIONS TO EFFECTIVENESS AND ARTICLE II .................................. 33
SECTION 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.03 .. 33
SECTION 3.02. Conditions Precedent to Each Revolving Credit Borrowing .......... 35
SECTION 3.03. Conditions Precedent to Each Competitive Bid Borrowing ........... 35
SECTION 3.04. Determinations Under Section 3.01 ................................ 36
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE LOAN PARTIES ........................... 36
SECTION 4.01. Representations and Warranties of the Loan Parties ............... 36
ARTICLE V COVENANTS ..................................................................... 37
SECTION 5.01. Affirmative Covenants ............................................ 37
SECTION 5.02. Negative Covenants ............................................... 39
SECTION 5.03. Financial Covenants .............................................. 40
ARTICLE VI EVENTS OF DEFAULT ............................................................ 41
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