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Alliancebernstein L. P.

 

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Title:

Alliancebernstein L. P.

Entities:

Alliancebernstein Holding L.P.

Date:

2008

Size:

346KB total

Price:

$91

ID:

#3270500

 

 

► Loans ► Credit ► Revolving Credit Agreements

 

 

Start of Preview

 
REVOLVING CREDIT AGREEMENT
Dated as of January 25, 2008


among


SANFORD C. BERNSTEIN & CO., LLC,
as Borrower,

ALLIANCEBERNSTEIN L. P.,
as US Guarantor,

CITIBANK, N.A.,
as Administrative Agent,

CITIGROUP GLOBAL MARKETS INC.,
as Arranger,

JPMORGAN CHASE BANK, N.A.
and

BANK OF AMERICA, N.A.,
as Co-Syndication Agents,

HSBC BANK USA, NATIONAL ASSOCIATION
as Documentation Agent,

and

THE FINANCIAL INSTITUTIONS WHOSE NAMES APPEAR
ON THE SIGNATURE PAGES HEREOF AS ?BANKS?

 
 
 

TABLE OF CONTENTS
 
     
Page
       
1.
DEFINITIONS AND RULES OF INTERPRETATION.
1
   
 
 
1.1
Definitions
1
     
 
 
1.2
Rules of Interpretation
16
     
 
2.
THE REVOLVING CREDIT FACILITY.
17
   
 
 
2.1
Commitment to Lend
17
     
 
 
2.2
Commitment Fee
17
     
 
 
2.3
Utilization Fee
17
     
 
 
2.4
Other Fees
18
     
 
 
2.5
Reduction or Increase of Total Commitment
18
     
 
 
2.6
The Notes; the Record
18
     
 
 
2.7
Interest on Loans
19
     
 
 
2.8
Requests for Loans
19
     
 
 
2.9
Conversion Options
20
     
 
 
2.10
Funds for Loans
21
     
 
 
2.11
Limit on Number of LIBOR Loans
22
     
 
3.
REPAYMENT OF LOANS
22
   
 
 
3.1
Maturity
22
     
 
 
3.2
Mandatory Repayments of Loans
22
     
 
 
3.3
Optional Repayments of Loans
24
     
 
4.
CERTAIN GENERAL PROVISIONS
24
   
 
 
4.1
Application of Payments
24
     
 
 
4.2
Funds for Payments
24
     
 
 
4.3
Computations
25
     
 
 
4.4
Inability to Determine LIBOR Rate Basis
25
     
 
 
4.5
Illegality
25
     
 
 
4.6
Additional Costs, Etc.
26
     
 
 
4.7
Capital Adequacy
27
     
 
 
4.8
Certificate
27
     
 
 
4.9
Indemnity
27
     
 
 
4.10
Interest After Default
28
     
 
 
4.11
Taxes
28
     
 
 
4.12
Mitigation and Replacement
30

 
-ii-
 
 
     
Page
       
5.
REPRESENTATIONS AND WARRANTIES.
30
       
 
5.1
Corporate Authority
30
     
 
 
5.2
Governmental Approvals
31
     
 
 
5.3
Liens; Leases
31
     
 
 
5.4
Financial Statements
31
     
 
 
5.5
No Material Changes, Etc.
32
       
 
5.6
Permits
32
     
 
 
5.7
Litigation
32
     
 
 
5.8
Material Contracts
32
     
 
 
5.9
Compliance with Other Instruments, Laws, Etc.
33
     
 
 
5.10
Tax Status
33
       
 
5.11
No Event of Default
33
     
 
 
5.12
Investment Company Act
33
     
 
 
5.13
Insurance
33
       
 
5.14
Certain Transactions
33
     
 
 
5.15
Employee Benefit Plans
34
     
 
 
5.16
Use of Proceeds
34
     
 
 
5.17
Environmental Compliance
34
     
 
 
5.18
Funded Debt
35
     
 
 
5.19
General
35
   
 
6.
AFFIRMATIVE COVENANTS OF THE US LOAN PARTIES.
35
   
 
 
6.1
Punctual Payment
35
     
 
 
6.2
Maintenance of Office
35
     
 
 
6.3
Records and Accounts
36
     
 
 
6.4
Financial Statements, Certificates, and Information
36
     
 
 
6.5
Notices
38
     
 
 
6.6
Existence; Business; Properties
39
     
 
 
6.7
Insurance
40
     
 
 
6.8
Taxes
40
     
 
 
6.9
Inspection of Properties and Books, Etc.
41
     
 
 
6.10
Compliance with Government Mandates, Contracts, and Permits
41
     
 
 
6.11
Use of Proceeds
41
     
 
 
6.12
Certain Changes in Accounting Principles
42
       
 
6.13
Broker-Dealer Subsidiaries
42

 
-iii-
 


     
Page
       
7.
CERTAIN NEGATIVE COVENANTS OF THE US GUARANTOR.
43
     
 
7.1
Disposition of Assets
43
       
 
7.2
Fundamental Changes
43
       
 
7.3
Restrictions on Liens
44
       
 
7.4
Restrictions on Investments
46
       
 
7.5
Restrictions on Funded Debt
46
       
 
7.6
Distributions
46
       
 
7.7
Transactions with Affiliates
47
       
 
7.8
Fiscal Year
47
       
 
7.9
Compliance with Environmental Laws
47