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Title: |
364-Day Credit Agreement |
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Entities: |
ABN AMRO Bank N.V.; Bank of Nova Scotia; Barclays Bank plc; Citibank, NA; Citigroup Global Markets Inc.; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; Omnicom Group Inc.; PNC Bank, NA; Sanpaolo IMI S.p.A.; U.S. Bank, NA; Wachovia Bank, NA; Bank of America, NA; Bank of New York; Dewey Ballantine LLP; Shearman & Sterling |
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Date: |
2004 |
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Size: |
Preview shows 8KB of 307KB total |
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Price: |
$86 |
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ID: |
#423981 |
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Start of Preview |
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U.S. $500,000,000
364-DAY CREDIT AGREEMENT
Dated as of May 24, 2004
Among
OMNICOM FINANCE INC.
OMNICOM CAPITAL INC.
and
OMNICOM FINANCE PLC
as Borrowers
------------
OMNICOM GROUP INC.
as Guarantor
------------
and
THE INITIAL LENDERS NAMED HEREIN
as Initial Lenders
------------------
and
CITIGROUP GLOBAL MARKETS INC.
and
J.P. MORGAN SECURITIES INC.
as Lead Arrangers and Book Managers
-----------------------------------
ABN AMRO BANK N.V.
as Syndication Agent
--------------------
JPMORGAN CHASE BANK
and
HSBC BANK USA
as Documentation Agents
-----------------------
and
CITIBANK, N.A.
as Administrative Agent
-----------------------
{PAGE}
TABLE OF CONTENTS
ARTICLE I
SECTION 1.01. Certain Defined Terms 1
SECTION 1.02. Computation of Time Periods 10
SECTION 1.03. Accounting Terms 10
ARTICLE II
SECTION 2.01. The Advances 10
SECTION 2.02. Making the Advances 10
SECTION 2.03. Fees 11
SECTION 2.04. Termination or Reduction of the Commitments 11
SECTION 2.05. Repayment of Advances 12
SECTION 2.06. Interest on Advances 12
SECTION 2.07. Interest Rate Determination 12
SECTION 2.08. Optional Conversion of Advances 13
SECTION 2.09. Prepayments of Advances 13
SECTION 2.10. Increased Costs 14
SECTION 2.11. Illegality 14
SECTION 2.12. Payments and Computations 15
SECTION 2.13. Taxes 15
SECTION 2.14. Sharing of Payments, Etc. 18
SECTION 2.15. Evidence of Debt 18
SECTION 2.16. Use of Proceeds 19
SECTION 2.17. Increase in the Aggregate Commitments 19
SECTION 2.18. Extension of Termination Date 20
i
{PAGE}
ARTICLE III
SECTION 3.01. Conditions Precedent to Effectiveness
of Section 2.01 21
SECTION 3.02. Conditions Precedent to Each Borrowing,
Commitment Increase and Extension Date. 23
SECTION 3.03. Determinations Under Section 3.01 23
ARTICLE IV
SECTION 4.01. Representations and Warranties of the Guarantor 23
ARTICLE V
SECTION 5.01. Affirmative Covenants 25
SECTION 5.02. Negative Covenants 27
SECTION 5.03. Financial Covenants 28
ARTICLE VI
SECTION 6.01. Events of Default 29
ARTICLE VII
SECTION 7.01. Guaranty 30
SECTION 7.02. Guaranty Absolute 31
SECTION 7.03. Waivers and Acknowledgements 32
SECTION 7.04. Subrogation 32
SECTION 7.05. Subordination 33
SECTION 7.06. Continuing Guaranty; Assignments 33
ARTICLE VIII
SECTION 8.01. Authorization and Action 33
SECTION 8.02. Agent's Reliance, Etc. 34
SECTION 8.03. Citibank and Affiliates 34
SECTION 8.04. Lender Credit Decision 34
ii
{PAGE}
SECTION 8.05. Indemnification 34
SECTION 8.06. Successor Agent 35
SECTION 8.07. Other Agents. 35
ARTICLE IX
SECTION 9.01. Amendments, Etc. 35
SECTION 9.02. Notices, Etc. 35
SECTION 9.03. No Waiver; Remedies 36
SECTION 9.04. Costs and Expenses 36
SECTION 9.05. Right of Set-off 37
SECTION 9.06. Binding Effect 37
SECTION 9.07. Assignments and Participations 38
SECTION 9.08. Confidentiality 39
SECTION 9.09. Governing Law 39
SECTION 9.10. Execution in Counterparts 39
SECTION 9.11. Jurisdiction, Etc. 40
SECTION 9.12. Patriot Act 40
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