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Document Preview 364-Day Revolving Credit Agreement |
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Title: |
364-Day Revolving Credit Agreement |
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Entities: |
ABN AMRO Bank N.V.; Altria Group, Inc.; Citibank, NA; Citigroup Global Markets Inc.; Deutsche Bank Securities Inc.; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; Kraft Foods Inc.; Simpson Thacher & Bartlett |
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Date: |
2003 |
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Size: |
Preview shows 27KB of 214KB total |
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Price: |
$59 |
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ID: |
#442651 |
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Start of Preview |
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U.S.$2,500,000,000
364-DAY REVOLVING CREDIT AGREEMENT
Dated as of July 14, 2003
Among
KRAFT FOODS INC.
and
THE INITIAL LENDERS NAMED HEREIN
and
JPMORGAN CHASE BANK
and
CITIBANK, N.A.
as Administrative Agents
and
CREDIT SUISSE FIRST BOSTON
and
DEUTSCHE BANK SECURITIES INC.
as Syndication Agents
and
ABN AMRO BANK N.V.
and
BNP PARIBAS
and
DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES
as Arrangers and Documentation Agents
* * * * * * * * * *
J.P. MORGAN SECURITIES INC., CITIGROUP GLOBAL MARKETS INC.,
CREDIT SUISSE FIRST BOSTON and DEUTSCHE BANK SECURITIES INC.
as Joint Lead Arrangers and Bookrunners
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Page
| |
|---|---|---|---|
| ARTICLE I DEFINITIONS AND ACCOUNTING TERMS | 1 | ||
Section 1.01. |
Certain Defined Terms |
1 | |
Section 1.02. |
Computation of Time Periods |
9 | |
Section 1.03. |
Accounting Terms |
9 | |
ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES |
9 | ||
Section 2.01. |
The Pro Rata Advances |
9 | |
Section 2.02. |
Making the Pro Rata Advances |
10 | |
Section 2.03. |
Repayment of Pro Rata Advances |
11 | |
Section 2.04. |
Interest on Pro Rata Advances |
11 | |
Section 2.05. |
Additional Interest on LIBO Rate Advances |
12 | |
Section 2.06. |
Conversion of Pro Rata Advances |
12 | |
Section 2.07. |
The Competitive Bid Advances |
13 | |
Section 2.08. |
LIBO Rate Determination |
17 | |
Section 2.09. |
Fees |
18 | |
Section 2.10. |
Optional Termination, Reduction or Increase of the Commitments |
18 | |
Section 2.11. |
Optional Prepayments of Pro Rata Advances |
20 | |
Section 2.12. |
Increased Costs |
20 | |
Section 2.13. |
Illegality |
21 | |
Section 2.14. |
Payments and Computations |
22 | |
Section 2.15. |
Taxes |
23 | |
Section 2.16. |
Sharing of Payments, Etc. |
25 | |
Section 2.17. |
Evidence of Debt |
25 | |
Section 2.18. |
Use of Proceeds |
26 | |
ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING |
26 | ||
Section 3.01. |
Conditions Precedent to Effectiveness |
26 | |
Section 3.02. |
Initial Advance to Each Designated Subsidiary |
27 | |
Section 3.03. |
Conditions Precedent to Each Pro Rata Borrowing |
28 | |
Section 3.04. |
Conditions Precedent to Each Competitive Bid Borrowing |
29 | |
i
Table of Contents (continued) |
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Page | |||
|---|---|---|---|
ARTICLE IV REPRESENTATIONS AND WARRANTIES |
29 | ||
Section 4.01. |
Representations and Warranties of Kraft |
29 | |
ARTICLE V COVENANTS OF KRAFT |
30 | ||
Section 5.01. |
Affirmative Covenants |
30 | |
Section 5.02. |
Negative Covenants |
31 | |
ARTICLE VI EVENTS OF DEFAULT |
33 | ||
Section 6.01. |
Events of Default |
33 | |
Section 6.02. |
Lenders' Rights upon Event of Default |
34 | |
ARTICLE VII THE ADMINISTRATIVE AGENTS |
35 | ||
Section 7.01. |
Authorization and Action |
35 | |
Section 7.02. |
Administrative Agents' Reliance, Etc |
35 | |
Section 7.03. |
JPMorgan Chase, Citibank and Affiliates |
36 | |
Section 7.04. |
Lender Credit Decision |
36 | |
Section 7.05. |
Indemnification |
36 | |
Section 7.06. |
Successor Administrative Agents |
37 | |
Section 7.07. |
Syndication Agents and Arrangers and Documentation Agents |
37 | |
ARTICLE VIII GUARANTY |
37 | ||
Section 8.01. |
Guaranty |
37 | |
Section 8.02. |
Guaranty Absolute |
37 | |
Section 8.03. |
Waivers |
38 | |
Section 8.04. |
Continuing Guaranty |
39 | |
ARTICLE IX MISCELLANEOUS |
39 | ||
Section 9.01. |
Amendments, Etc |
39 | |
Section 9.02. |
Notices, Etc |
39 | |
Section 9.03. |
No Waiver; Remedies |
41 | |
Section 9.04. |
Costs and Expenses |
41 | |
Section 9.05. |
Right of Set-Off |
42 | |
ii
Table of Contents (continued) |
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Page | |||
|---|---|---|---|
Section 9.06. |
Binding Effect |
42 | |
Section 9.07. |
Assignments and Participations |
42 | |
Section 9.08. |
Designated Subsidiaries |
45 | |
Section 9.09. |
Governing Law |
46 | |
Section 9.10. |
Execution in Counterparts |
46 | |
Section 9.11. |
Jurisdiction, Etc |
46 | |
Section 9.12. |
Confidentiality |
47 | |
Section 9.13. |
Integration |
47 | |
SCHEDULE |
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Schedule I |
? |
List of Applicable Lending Offices | |
EXHIBITS |
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Exhibit A-1 |
? |
Form of Pro Rata Note | |
| Exhibit A-2 | ? | Form of Competitive Bid Note | |
| Exhibit B-1 | ? | Form of Notice of Pro Rata Borrowing | |
| Exhibit B-2 | ? | Form of Notice of Competitive Bid Borrowing |
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