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364-Day Credit Agreement

 

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Title:

364-Day Credit Agreement

Entities:

Aetna Inc.; Bank One, NA; Citibank, NA; Fleet National Bank; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; National City Bank; UBS Loan Finance LLC; Wachovia Bank, NA; Bank of America, NA; Bank of New York; Davis Polk & Wardwell; Drinker Biddle & Reath LLP

Date:

2004

Size:

Preview shows 10KB of 164KB total

Price:

$55

ID:

#330773

 

 

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$300,000,000

364-DAY CREDIT AGREEMENT

Dated as of November 26, 2003

among

AETNA INC.,

as Borrower,

The Lenders Listed Herein

and

JPMORGAN CHASE BANK,
as Administrative Agent


J.P. MORGAN SECURITIES INC.,
as Lead Arranger and Sole Bookrunner,

and

BANK OF AMERICA, N.A.,
CITIBANK, N.A.,
DEUTSCHE BANK AG, NEW YORK BRANCH,

and

FLEET NATIONAL BANK,
as Co-Syndication Agents

 


TABLE OF CONTENTS


 
ARTICLE I
SECTION 1.01. Definitions
SECTION 1.02. Accounting Terms and Determinations
SECTION 1.03. Classifications of Borrowings
ARTICLE II
SECTION 2.01. Commitments to Lend
SECTION 2.02. Notice of Committed Borrowings
SECTION 2.03. Money Market Borrowings
SECTION 2.04. Notice to Lenders; Funding of Loans
SECTION 2.05. Evidence of Debt
SECTION 2.06. Maturity of Loans
SECTION 2.07. Termination or Reduction of Commitments
SECTION 2.08. Increase in Commitments
SECTION 2.09. Interest Rates
SECTION 2.10. Fees
SECTION 2.11. Method of Electing Interest Rates
SECTION 2.12. Prepayments
SECTION 2.13. General Provisions as to Payments
SECTION 2.14. Funding Losses
SECTION 2.15. Computation of Interest and Fees
SECTION 2.16. Regulation D Compensation
SECTION 2.17. Term-Out Option
ARTICLE III
SECTION 3.01. Effectiveness
SECTION 3.02. Borrowings
ARTICLE IV
SECTION 4.01. Corporate Existence and Power
SECTION 4.02. Corporate and Governmental Authorization; No Contravention
SECTION 4.03. Binding Effect
SECTION 4.04. Financial Information
SECTION 4.05. Litigation
SECTION 4.06. Compliance with ERISA
SECTION 4.07. Compliance with Laws and Agreements
SECTION 4.08. Investment Company Act; Public Utility Holding Company Act
SECTION 4.09. Full Disclosure
SECTION 4.10. Taxes
ARTICLE V
SECTION 5.01. Information
SECTION 5.02. Conduct of Business and Maintenance of Existence and Insurance
SECTION 5.03. Minimum Adjusted Consolidated Net Worth
SECTION 5.04. Leverage Ratio
SECTION 5.05. Liens
SECTION 5.06. Consolidations, Mergers and Sales of Assets
SECTION 5.07. Use of Proceeds
SECTION 5.08. Compliance with Laws
SECTION 5.09. Inspection of Property, Books and Records
SECTION 5.10. Payment of Obligations
ARTICLE VI
SECTION 6.01. Events of Default
SECTION 6.02. Notice of Default
ARTICLE VII
SECTION 7.01. Appointment and Authorization
SECTION 7.02. Agent and Affiliates
SECTION 7.03. Action by Agent
SECTION 7.04. Consultation with Experts
SECTION 7.05. Liability of Agent
SECTION 7.06. Indemnification
SECTION 7.07. Credit Decision
SECTION 7.08. Successor Agent
SECTION 7.09. Agents Fees
ARTICLE VIII
SECTION 8.01. Basis for Determining Interest Rate Inadequate or Unfair
SECTION 8.02. Illegality
SECTION 8.03. Increased Cost and Reduced Return
SECTION 8.04. Taxes
SECTION 8.05. Base Rate Loans Substituted for Affected Euro-Dollar Loans
SECTION 8.06. Substitution of Lender
SECTION 8.07. Election to Terminate
ARTICLE IX
SECTION 9.01. Notices
SECTION 9.02. No Waivers
SECTION 9.03. Expenses; Indemnification
SECTION 9.04. Amendments and Waivers
SECTION 9.05. Successors and Assigns
SECTION 9.06. New York Law
SECTION 9.07. Counterparts; Integration
SECTION 9.08. WAIVER OF JURY TRIAL
SECTION 9.09. Notice and Waiver Related to Existing Credit Agreement
SECTION 9.10. Headings
SECTION 9.11. Disclosure
364-DAY CREDIT AGREEMENT
MEMORANDUM
MEMORANDUM
LETTER AGREEMENT
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
LETTER
STATEMENT RE: COMPUTATION OF RATIOS

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