Preview | Credit Agreement |

Document Preview

Credit Agreement

Click "Add to Cart" button to purchase document.
Documents are emailed immediately after purchase.
You can also browse documents by title, category, or company... or click here for help finding documents.

Title:

Credit Agreement

Entities:

LecStar Corp.

Date:

2001

Size:

Preview shows 5KB of 117KB total

Price:

$48

ID:

#342115

► Loans ► Credit Agreements
► Services ► Communications Services

Start of Preview

                                 U.S. $3,500,000





                                CREDIT AGREEMENT



                                     between





                                  CORZON, INC.

                                as the Borrower,







                                       and







                                   SHERMAN LLC

                                  as the Lender

















                                January 25, 2001



{PAGE}   2





                               TABLE OF CONTENTS



{TABLE}

{CAPTION}

                                                                          PAGE



{S}                                                                       {C}

ARTICLE I DEFINITIONS AND ACCOUNTING TERMS...................................1



       SECTION 1.1 Defined Terms.............................................1



       SECTION 1.2 Use of Defined Terms......................................8



       SECTION 1.3 Cross-References..........................................8



ARTICLE II COMMITMENT, BORROWING PROCEDURES AND NOTE.........................8



       SECTION 2.1 Commitment................................................8



       SECTION 2.2 Borrowing Procedure.......................................8



       SECTION 2.3 Note......................................................8



ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES.......................9



       SECTION 3.1 Repayments and Prepayments................................9



       SECTION 3.2 Interest Provisions.......................................9



ARTICLE IV TAXES, PAYMENTS AND USE OF PROCEEDS..............................10



       SECTION 4.1 Taxes....................................................10



       SECTION 4.2 Payments, Computations, etc..............................11



       SECTION 4.3 Use of Proceeds..........................................11



ARTICLE V CONDITIONS TO BORROWING...........................................11



       SECTION 5.1 Initial Borrowing........................................11



       SECTION 5.2 All Borrowings...........................................12



ARTICLE VI REPRESENTATIONS AND WARRANTIES...................................14



       SECTION 6.1 Organization, etc........................................14



       SECTION 6.2 Due Authorization, Non-Contravention, etc................14



       SECTION 6.3 Government Approval, Regulation, etc.....................14



       SECTION 6.4 Validity, etc............................................15



       SECTION 6.5 Financial Information....................................15



       SECTION 6.6 No Material Adverse Change...............................15



       SECTION 6.7 Litigation, Labor Controversies, etc.....................15



       SECTION 6.8 Subsidiaries.............................................15



       SECTION 6.9 Ownership of Properties..................................15



       SECTION 6.10 Taxes...................................................15



       SECTION 6.11 Pension and Welfare Plans...............................16

{/TABLE}





                                       i

{PAGE}   3





                                TABLE OF CONTENTS

                                   (continued)



{TABLE}

{CAPTION}

                                                                          PAGE



{S}                                                                       {C}

       SECTION 6.12 Environmental Warranties................................16



       SECTION 6.13 Regulations G, U and X..................................18



       SECTION 6.14 Accuracy of Information.................................18



ARTICLE VII COVENANTS.......................................................18



       SECTION 7.1 Affirmative Covenants....................................18



       SECTION 7.2 Negative Covenants.......................................20



ARTICLE VIII EVENTS OF DEFAULT..............................................24

End of Preview

Home Intelligence Services Subscriptions News About Us