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Title: |
Credit and Guarantee Agreement |
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Entities: |
Bank of Nova Scotia; Bank One, NA; Citibank, NA; Comerica Bank; Commerce Bank, NA; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; Lehman Brothers Bank; National City Bank; PNC Bank, NA; Royal Bank of Canada; Royal Bank of Scotland plc; U.S. Bank, NA; Wells Fargo Bank, NA; Bank of America, NA; Keybank NA; Bryan Cave |
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Date: |
2003 |
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Size: |
Preview shows 5KB of 307KB total |
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Price: |
$84 |
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ID: |
#854250 |
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CREDIT AND GUARANTEE AGREEMENT
dated as of
August 12, 2003
among
BLOCK FINANCIAL CORPORATION,
as Borrower,
H&R BLOCK, INC.,
as Guarantor,
The Lenders Party Hereto,
THE ROYAL BANK OF SCOTLAND PLC,
as Syndication Agent,
BANK OF AMERICA, N.A.,
as Documentation Agent,
JPMORGAN CHASE BANK,
as Administrative Agent,
and
J.P. MORGAN SECURITIES INC.,
as Lead Arranger and Sole Book Manager
$2,000,000,000 SHORT-TERM REVOLVING CREDIT FACILITY
================================================================================
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S> <C>
ARTICLE I DEFINITIONS ........................................................ 1
SECTION 1.1. Defined Terms ........................................... 1
SECTION 1.2. Terms Generally ......................................... 17
SECTION 1.3. Classification of Loans and Borrowings .................. 18
SECTION 1.4. Accounting Terms; GAAP .................................. 18
ARTICLE II THE CREDITS ....................................................... 18
SECTION 2.1. Commitments ............................................. 18
SECTION 2.2. Loans and Borrowings .................................... 18
SECTION 2.3. Requests for Revolving Borrowings ....................... 19
SECTION 2.4. Swingline Loans ......................................... 20
SECTION 2.5. Funding of Borrowings ................................... 22
SECTION 2.6. Interest Elections ...................................... 22
SECTION 2.7. Termination and Reduction of Commitments ................ 24
SECTION 2.8. Repayment of Loans; Term-Out Option; Evidence of Debt ... 24
SECTION 2.9. Prepayment of Loans ..................................... 25
SECTION 2.10. Fees ................................................... 26
SECTION 2.11. Interest ............................................... 27
SECTION 2.12. Alternate Rate of Interest ............................. 27
SECTION 2.13. Increased Costs ........................................ 28
SECTION 2.14. Break Funding Payments ................................. 29
SECTION 2.15. Taxes .................................................. 29
SECTION 2.16. Payments Generally; Pro Rata Treatment; Sharing of
Set-offs ............................................... 30
SECTION 2.17. Mitigation Obligations; Replacement of Lenders ......... 31
SECTION 2.18. Extension of Revolving Termination Date ................ 32
ARTICLE III REPRESENTATIONS AND WARRANTIES ................................... 33
SECTION 3.1. Organization; Powers .................................... 33
SECTION 3.2. Authorization; Enforceability ........................... 34
SECTION 3.3. Governmental Approvals; No Conflicts .................... 34
SECTION 3.4. Financial Condition; No Material Adverse Change ......... 34
SECTION 3.5. Properties .............................................. 35
SECTION 3.6. Litigation and Environmental Matters .................... 35
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