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Bridge Credit Agreement

 

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Title:

Bridge Credit Agreement

Entities:

Aetna Inc.; Bank One, NA; Citibank, NA; First Union National Bank; Fleet National Bank; ING Groep NV; J.P. Morgan Securities Inc.; McGraw-Hill Companies Inc.; Wachovia Bank, NA; Bank of New York; Davis Polk & Wardwell; Drinker Biddle & Reath LLP

Date:

2000

Size:

Preview shows 6KB of 149KB total

Price:

$58

ID:

#330871

 

 

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                                     FORM OF


$1,500,000,000


BRIDGE CREDIT AGREEMENT


dated as of


December [ ], 2000


among


Aetna U.S. Healthcare Inc.,
as Borrower


The Banks Listed Herein

and

Morgan Guaranty Trust Company of New York,
as Administrative Agent

J.P. Morgan Securities Inc., Lead Arranger

Deutsche Bank AG, New York Branch, Co-Administrative Agent

Citibank, N.A., Syndication Agent

Bank One, NA, Documentation Agent
{PAGE} 2
TABLE OF CONTENTS*/

{TABLE}
{CAPTION}
Page
----
{S} {C}
ARTICLE I

DEFINITIONS

SECTION 1.01. Definitions............................................ 1
SECTION 1.02. Accounting Terms and Determinations.................... 11
SECTION 1.03. Classifications of Borrowings.......................... 11


ARTICLE II

THE CREDITS

SECTION 2.01. Commitments to Lend.................................... 11
SECTION 2.02. Notice of Borrowings................................... 12
SECTION 2.03. Notice to Banks; Funding of Loans...................... 12
SECTION 2.04. Evidence of Debt....................................... 13
SECTION 2.05. Maturity of Loans...................................... 13
SECTION 2.06. Termination or Reduction of Commitments................ 13
SECTION 2.07. Interest Rates......................................... 14
SECTION 2.08. Fees................................................... 15
SECTION 2.09. Method of Electing Interest Rates...................... 16
SECTION 2.10. Prepayments............................................ 17
SECTION 2.11. General Provisions as to Payments...................... 18
SECTION 2.12. Funding Losses......................................... 18
SECTION 2.13. Computation of Interest and Fees....................... 19
SECTION 2.14. Regulation D Compensation.............................. 19


ARTICLE III

CONDITIONS

SECTION 3.01. Effectiveness.......................................... 19
SECTION 3.02. Borrowings............................................. 20


ARTICLE IV

REPRESENTATIONS AND WARRANTIES

SECTION 4.01. Corporate Existence and Power.......................... 21
SECTION 4.02. Corporate and Governmental Authorization;
No Contravention.................................... 21
SECTION 4.03. Binding Effect......................................... 21
SECTION 4.04. Financial Information.................................. 22
SECTION 4.05. Litigation............................................. 22
SECTION 4.06. Compliance with ERISA.................................. 22
SECTION 4.07. Compliance with Laws and Agreements.................... 22
SECTION 4.08. Investment Company Act; Public Utility
Holding Company Act................................. 23
SECTION 4.09. Full Disclosure........................................ 23
SECTION 4.10. Taxes.................................................. 23
SECTION 4.11. Spin-Off Transactions.................................. 23


ARTICLE V

COVENANTS

SECTION 5.01. Information............................................ 23
SECTION 5.02. Conduct of Business and Maintenance
of Existence........................................ 24
SECTION 5.03. Minimum Adjusted Consolidated Net Worth................ 24
SECTION 5.04. Leverage Ratio......................................... 25
{/TABLE}



--------

*/ The Table of Contents is not a part of this Agreement.
{PAGE} 3
{TABLE}
{CAPTION}
Page
----
{S} {C}
SECTION 5.05. Liens.................................................. 25
SECTION 5.06. Consolidations, Mergers and Sales of Assets............ 26
SECTION 5.07. Use of Proceeds........................................ 26
SECTION 5.08. Compliance with Laws................................... 26
SECTION 5.09. Acquisitions........................................... 26

 

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