|
|
|
|
Document Preview Revolving Credit and Security Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Revolving Credit and Security Agreement |
|||
|
Entities: |
Citibank, NA; Horizon Medical Products Inc.; Medtronic, Inc.; RITA Medical Systems, Inc. |
|||
|
Date: |
2006 |
|||
|
Size: |
226KB total |
|||
|
Price: |
$84 |
|||
|
ID: |
#860497 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
|
Page | |||
|
I. |
DEFINITIONS |
2 | |
|
1.1 |
General Terms |
2 | |
|
II. |
ADVANCES, PAYMENT AND INTEREST |
2 | |
|
2.1 |
The Revolving Facility |
2 | |
|
2.2 |
The Loans; Maturity |
3 | |
|
2.3 |
Interest on the Facility |
4 | |
|
2.4 |
Revolving Facility Disbursements; Requirement to Deliver Borrowing Certificate |
4 | |
|
2.5 |
Revolving Facility Collections; Repayment; Borrowing Availability and Lockbox |
4 | |
|
2.6 |
Promise to Pay; Manner of Payment |
5 | |
|
2.7 |
Repayment of Excess Advances |
6 | |
|
2.8 |
Payments by Lender |
6 | |
|
2.9 |
Grant of Security Interest; Collateral |
6 | |
|
2.10 |
Collateral Administration |
8 | |
|
2.11 |
Power of Attorney |
9 | |
|
2.12 |
Evidence of Loans |
9 | |
|
III. |
FEES AND OTHER CHARGES |
11 | |
|
3.1 |
Commitment Fee |
11 | |
|
3.2 |
Unused Line Fee |
11 | |
|
3.3 |
Collateral Management Fee |
11 | |
|
3.4 |
Computation of Fees; Lawful Limits |
11 | |
|
3.5 |
Default Rate of Interest |
12 | |
|
3.6 |
Acknowledgement of Joint and Several Liability |
12 | |
|
IV. |
CONDITIONS PRECEDENT |
12 | |
|
4.1 |
Conditions to Closing |
12 | |
|
4.2 |
Conditions to Initial Advance |
14 | |
|
4.3 |
Conditions to Each Advance |
15 | |
|
V. |
REPRESENTATIONS AND WARRANTIES |
16 | |
|
5.1 |
Organization and Authority |
16 | |
|
5.2 |
Loan Documents |
17 | |
|
5.3 |
Subsidiaries, Capitalization and Ownership Interests |
17 | |
|
5.4 |
Properties |
18 | |
|
5.5 |
Other Agreements |
18 | |
|
5.6 |
Litigation |
18 | |
|
5.7 |
Hazardous Materials |
19 | |
|
5.8 |
Potential Tax Liability; Tax Returns; Governmental Reports |
19 | |
|
5.9 |
Financial Statements and Reports |
19 | |
|
5.10 |
Compliance with Law |
20 | |
|
5.11 |
Intellectual Property |
20 | |
|
5.12 |
Licenses and Permits; Labor |
20 | |
|
5.13 |
No Default |
21 | |
|
5.14 |
Disclosure |
21 | |
|
5.15 |
Existing Indebtedness; Investments, Guarantees and Certain Contracts |
21 | |
|
5.16 |
Other Agreements |
22 | |
|
5.17 |
Insurance |
22 | |
|
5.18 |
Names; Location of Offices, Records and Collateral |
22 | |
|
5.19 |
Non-Subordination |
22 | |
|
5.20 |
Accounts and Inventory |
23 | |
|
5.21 |
Food and Drug Administration Approvals |
24 | |
|
5.22 |
Product Recalls |
24 | |
|
5.23 |
Foreign Subsidiaries |
24 | |
|
5.24 |
Inactive Subsidiaries |
25 | |
|
5.25 |
Survival |
25 | |
|
VI. |
AFFIRMATIVE COVENANTS |
25 | |
|
6.1 |
Financial Statements, Borrowing Certificate, Financial Reports and Other Information |
25 | |
|
6.2 |
Payment of Obligations |
27 | |
|
6.3 |
Conduct of Business and Maintenance of Existence and Assets |
27 | |
|
6.4 |
Compliance with Legal and Other Obligations |
27 | |
|
6.5 |
Insurance |
28 | |
|
6.6 |
True Books |
28 | |
|
6.7 |
Inspections; Periodic Audits and Reappraisals |
28 | |
|
6.8 |
Further Assurances; Post Closing |
28 | |
|
6.9 |
Payment of Indebtedness |
29 | |
|
6.10 |
Lien Searches |
29 | |
|
6.11 |
Use of Proceeds |
29 | |
|
6.12 |
Collateral Documents; Security Interest in Collateral |
29 | |
|
6.13 |
Right of First Refusal |
30 | |
|
6.14 |
Taxes and Other Charges |
30 | |
|
6.15 |
Payroll Taxes |
31 | |
|
6.16 |
Inventory Covenants |
31 | |
|
6.17 |
Inactive Subsidiaries |
32 | |
|
VII. |
NEGATIVE COVENANTS |
32 | |
|
7.1 |
Financial Covenants |
32 | |
|
7.2 |
Permitted Indebtedness |
32 | |
|
7.3 |
Permitted Liens |
33 | |
|
7.4 |
Investments; New Facilities or Collateral; Subsidiaries |
33 | |
|
7.5 |
Dividends; Redemptions |
34 | |
|
7.6 |
Transactions with Affiliates |
34 | |
|
7.7 |
Charter Documents; Fiscal Year; Name; Jurisdiction of Organization; Dissolution; Use of Proceeds |
35 | |
|
7.8 |
Truth of Statements |
35 | |
|
7.9 |
IRS Form 8821 |
35 | |
|
7.10 |
Transfer of Assets |
35 | |
|
7.11 |
Payment on Permitted Subordinated Debt |
36 | |
|
7.12 |
Foreign Subsidiaries |
36 | |
|
7.13 |
Inactive Subsidiaries |
37 | |
|
VIII. |
EVENTS OF DEFAULT |
37 | |
|
IX. |
RIGHTS AND REMEDIES AFTER DEFAULT |
40 | |
|
9.1 |
Rights and Remedies |
40 | |
|
9.2 |
Application of Proceeds |
41 | |
|
9.3 |
Rights of Lender to Appoint Receiver |
42 | |
|
9.4 |
Rights and Remedies not Exclusive |
42 | |
|
X. |
WAIVERS AND JUDICIAL PROCEEDINGS |
42 | |
|
10.1 |
Waivers |
42 | |
|
10.2 |
Delay; No Waiver of Defaults |
43 | |
|
10.3 |
Jury Waiver |
43 | |
|
10.4 |
Cooperation in Discovery and Litigation |
43 | |
|
XI. |
EFFECTIVE DATE AND TERMINATION |
44 | |
|
11.1 |
Termination and Effective Date Thereof |
44 | |
|
11.2 |
Survival |
45 | |
|
XII. |
MISCELLANEOUS |
45 | |
|
12.1 |
Governing Law; Jurisdiction; Service of Process; Venue |
||
|
End of Preview |
Home Intelligence Services Subscriptions News About Us