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Document Preview 364-Day Credit Agreement |
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Title: |
364-Day Credit Agreement |
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Entities: |
Chase Manhattan Bank; First Union National Bank; J.P. Morgan Securities Inc.; Martin Marietta Materials Inc.; State Street Bank & Trust Co.; Wachovia Bank, NA; Bank of America, NA; Bank of New York; Davis Polk & Wardwell; Willkie Farr & Gallagher |
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Date: |
2001 |
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Size: |
Preview shows 6KB of 219KB total |
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Price: |
$95 |
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ID: |
#419310 |
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364-DAY CREDIT AGREEMENT
dated as of
August 8, 2001
among
MARTIN MARIETTA MATERIALS, INC.,
The BANKS Listed Herein,
and
THE CHASE MANHATTAN BANK,
as Agent
----------------------
J.P. MORGAN SECURITIES, INC.,
Lead Arranger and Sole Bookrunner
BANK OF AMERICA, N.A.,
FIRST UNION NATIONAL BANK,
and
WACHOVIA BANK, N.A.,
Co-Syndication Agents
{PAGE} 2
TABLE OF CONTENTS*
PAGE
----
ARTICLE 1
DEFINITIONS
SECTION 1.01. Definitions....................................................1
SECTION 1.02. Accounting Terms and Determinations...........................13
SECTION 1.03. Types of Borrowings...........................................14
ARTICLE 2
THE LOANS
SECTION 2.01. Commitments to Lend...........................................14
SECTION 2.02. Notice of Committed Borrowing.................................15
SECTION 2.03. Competitive Bid Borrowings....................................15
SECTION 2.04. Notice to Banks; Funding of Loans.............................19
SECTION 2.05. Loan Accounts and Notes.......................................20
SECTION 2.06. Maturity of Loans.............................................21
SECTION 2.07. Interest Rates................................................21
SECTION 2.08. Mandatory Termination of Commitments..........................23
SECTION 2.09. Optional Prepayments..........................................23
SECTION 2.10. General Provisions as to Payments.............................23
SECTION 2.11. Fees..........................................................24
SECTION 2.12. Reduction or Termination of Commitments.......................24
SECTION 2.13. Method of Electing Interest Rates.............................25
SECTION 2.14. Funding Losses................................................26
SECTION 2.15. Computation of Interest and Fees..............................26
SECTION 2.16. Increased Commitments; Additional Banks.......................26
ARTICLE 3
CONDITIONS
SECTION 3.01. Closing.......................................................28
SECTION 3.02. Borrowings....................................................28
ARTICLE 4
REPRESENTATIONS AND WARRANTIES
SECTION 4.01. Corporate Existence and Power.................................29
SECTION 4.02. Corporate Authorization; No Contravention.....................29
{PAGE} 3
PAGE
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SECTION 4.03. Binding Effect................................................30
SECTION 4.04. Financial Information.........................................30
SECTION 4.05. Litigation....................................................30
SECTION 4.06. Taxes.........................................................31
SECTION 4.07. Margin Regulations............................................31
SECTION 4.08. Compliance with Laws..........................................31
SECTION 4.09. Governmental Approvals........................................31
SECTION 4.10. Pari Passu Obligations........................................31
SECTION 4.11. No Defaults...................................................31
SECTION 4.12. Full Disclosure...............................................31
SECTION 4.13. ERISA.........................................................32
SECTION 4.14. Environmental Matters.........................................32
SECTION 4.15. Regulatory Restrictions on Borrowing..........................32
ARTICLE 5
COVENANTS
SECTION 5.01. Information...................................................33
SECTION 5.02. Payment of Obligations........................................34
SECTION 5.03. Insurance.....................................................35
SECTION 5.04. Maintenance of Existence......................................35
SECTION 5.05. Maintenance of Properties.....................................35
SECTION 5.06. Compliance with Laws..........................................35
SECTION 5.07. Mergers, Consolidations and Sales of Assets...................36
SECTION 5.08. Negative Pledge...............................................37
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