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Credit Agreement

 

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Title:

Credit Agreement

Entities:

Citicorp USA, Inc.; Commerce Bank, NA; Environmental Remediation Holding Corp.; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; LabOne, Inc.; U.S. Bank, NA; Wachovia Bank, NA; Wachovia Securities Inc.; Wells Fargo Bank, NA; Bank of New York; Stinson Morrison Hecker

Date:

2002

Size:

Preview shows 5KB of 266KB total

Price:

$71

ID:

#370348

 

 

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CREDIT AGREEMENT

dated as of

June 11, 2002

among

LABONE, INC.
The Lenders Party Hereto

 

and

 

JPMORGAN CHASE BANK,
as Issuing Bank, Administrative Agent
and Collateral Agent

and

WACHOVIA BANK, NATIONAL ASSOCIATION,
as Syndication Agent

___________________________

J.P. MORGAN SECURITIES INC.
and
WACHOVIA SECURITIES, INC.,
as Co-Lead Arrangers and Joint Bookrunners

 


 

TABLE OF CONTENTS

 

Page

ARTICLE I

Definitions

SECTION 1.01. Defined Terms
SECTION 1.02. Classification of Loans and Borrowings
SECTION 1.03. Terms Generally
SECTION 1.04. Accounting Terms; GAAP

ARTICLE II

The Credits

SECTION 2.01. Commitments
SECTION 2.02. Loans and Borrowings
SECTION 2.03. Requests for Borrowings
SECTION 2.04. Letters of Credit
SECTION 2.05. Funding of Borrowings
SECTION 2.06. Interest Elections
SECTION 2.07. Termination and Reduction of Commitments
SECTION 2.08. Repayment of Loans; Evidence of Debt
SECTION 2.09. Prepayment of Loans
SECTION 2.10. Fees
SECTION 2.11. Interest
SECTION 2.12. Alternate Rate of Interest
SECTION 2.13. Increased Costs
SECTION 2.14. Break Funding Payments
SECTION 2.15. Taxes
SECTION 2.16. Payments Generally; Pro Rata Treatment; Sharing of Set-offs
SECTION 2.17. Mitigation Obligations; Replacement of Lenders

 

ARTICLE III

Representations and Warranties

SECTION 3.01. Organization; Powers
SECTION 3.02. Authorization; Enforceability
SECTION 3.03. Governmental Approvals; No Conflicts
SECTION 3.04. Litigation and Environmental Matters
SECTION 3.05. Compliance with Laws and Agreements
SECTION 3.06. ERISA
SECTION 3.07. Use of Proceeds and Letters of Credit
SECTION 3.08. Properties
SECTION 3.09. Taxes
SECTION 3.10. Financial Condition; No Material Adverse Change
SECTION 3.11. Collateral Document
SECTION 3.12. Investment and Holding Company Status
SECTION 3.13. Subsidiaries
SECTION 3.14. Insurance
SECTION 3.15. Disclosure
SECTION 3.16. Senior Indebtedness
SECTION 3.17. Labor Matters

 

ARTICLE IV

Conditions

SECTION 4.01. Effective Date
SECTION 4.02. Each Credit Event

 

ARTICLE V

Affirmative Covenants

SECTION 5.01. Financial Statements and Other Information
SECTION 5.02. Notices of Material Events
SECTION 5.03. Existence; Conduct of Business
SECTION 5.04. Maintenance of Properties
SECTION 5.05. Insurance
SECTION 5.06. Payment of Obligations
SECTION 5.07. Compliance with Laws
SECTION 5.08. Compliance with ERISA
SECTION 5.09. Books and Records; Inspection and Audit Rights
SECTION 5.10. Environmental Laws
SECTION 5.11. Further Assurances
SECTION 5.12. Information Regarding Collateral
SECTION 5.13. Casualty and Condemnation
SECTION 5.14. Use of Proceeds and Letters of Credit

 

ARTICLE VI

Negative Covenants

SECTION 6.01. Indebtedness; Certain Equity Securities
SECTION 6.02. Liens
SECTION 6.03. Sale and Leaseback Transactions
SECTION 6.04. Fundamental Changes
SECTION 6.06. Investments, Loans, Advances, Guarantees and Acquisitions
SECTION 6.07. Transactions with Affiliates
SECTION 6.08. Use of Proceeds
SECTION 6.09. Lease Obligations
SECTION 6.10. Restricted Payments; Certain Payments of Indebtedness
SECTION 6.11. Restrictive Agreements
SECTION 6.12. Amendment of Material Documents
SECTION 6.13. Change in Fiscal Year
SECTION 6.14. Interest Expense Coverage Ratio
SECTION 6.15. Leverage Ratio
SECTION 6.16. Consolidated Cash Capital Expenditures

 

ARTICLE VII

Events of Default

SECTION 7.01. Event of Default
SECTION 7.02. Remedies

 

ARTICLE VIII

The Agents

 

ARTICLE IX

Miscellaneous

SECTION 9.01. Notices
SECTION 9.02. Waivers; Amendments
SECTION 9.03. Expenses; Indemnity; Damage Waiver
SECTION 9.04. Successors and Assigns
SECTION 9.05. Survival
SECTION 9.06. Counterparts; Integration; Effectiveness
SECTION 9.07. Severability
SECTION 9.08. Right of Setoff

 

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