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Title: |
Credit Agreement |
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Entities: |
First Union National Bank; First Union Securities, Inc.; Goldman Sachs Credit Partners LP; Mohawk Industries, Inc.; Wachovia Bank, NA; Bank of New York |
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Date: |
2002 |
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Size: |
Preview shows 5KB of 230KB total |
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Price: |
$50 |
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ID: |
#515750 |
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CREDIT AGREEMENT
dated as of
March 20, 2002
among
MOHAWK INDUSTRIES, INC., as Borrower,
WACHOVIA INVESTORS, INC., as Administrative Agent,
THE LENDERS IDENTIFIED HEREIN,
GOLDMAN SACHS CREDIT PARTNERS L.P. and
SUNTRUST BANK, as Co-Syndication Agents
and
FIRST UNION SECURITIES, INC., d/b/a WACHOVIA SECURITIES,
and GOLDMAN SACHS CREDIT PARTNERS L.P.,
as Joint Lead Arrangers and Book Runners
{PAGE}
TABLE OF CONTENTS
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{TABLE}
{CAPTION}
Page
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{S} {C}
ARTICLE I DEFINITIONS .................................................... 1
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Section 1.01 Definitions ................................................. 1
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Section 1.02 Accounting Terms and Determinations ......................... 17
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Section 1.03 References .................................................. 18
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Section 1.04 Use of Defined Terms ........................................ 18
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Section 1.05 Terminology ................................................. 19
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ARTICLE II THE CREDIT .................................................... 19
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Section 2.01 Loans ....................................................... 19
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Section 2.02 Continuations and Conversions ............................... 20
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Section 2.03 Notes ....................................................... 21
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Section 2.04 Maturity of Loans ........................................... 21
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Section 2.05 Interest Rates .............................................. 21
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Section 2.06 Fees ........................................................ 23
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Section 2.07 Pro Rata Treatment and Payments after Event of Default ...... 24
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Section 2.08 Mandatory Reduction and Termination of Commitments .......... 25
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Section 2.09 Optional Prepayments ........................................ 25
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Section 2.10 Mandatory Prepayments ....................................... 25
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Section 2.11 General Provisions as to Payments ........................... 26
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Section 2.12 Computation of Interest and Fees ............................ 26
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Section 2.13 Default Rate ................................................ 27
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ARTICLE III CONDITIONS TO BORROWINGS ..................................... 27
Section 3.01 Closing Conditions .......................................... 27
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ARTICLE IV REPRESENTATIONS AND WARRANTIES ................................ 31
Section 4.01 Corporate Existence and Power ............................... 31
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Section 4.02 Corporate and Governmental Authorization; No Contravention .. 31
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Section 4.03 Binding Effect .............................................. 31
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Section 4.04 Financial Information ....................................... 32
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Section 4.05 No Litigation ............................................... 32
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Section 4.06 Compliance with ERISA ....................................... 32
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Section 4.07 Taxes ....................................................... 33
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Section 4.08 Subsidiaries ................................................ 33
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Section 4.09 Not an Investment Company ................................... 33
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Section 4.10 Ownership of Assets; Liens .................................. 33
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