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3-Year Revolving Credit Agreement

 

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Title:

3-Year Revolving Credit Agreement

Entities:

Bank of Nova Scotia; Bank One, NA; Barclays Bank plc; Citicorp USA, Inc.; Commerzbank AG; Fleet National Bank; NiSource Inc.; PNC Bank, NA; Royal Bank of Scotland plc; Wachovia Bank, NA; Bank of America, NA; Bank of New York; Keybank NA; Schiff Hardin & Waite

Date:

2004

Size:

Preview shows 6KB of 268KB total

Price:

$71

ID:

#897859

 

 

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                        3-YEAR REVOLVING CREDIT AGREEMENT


among

NISOURCE FINANCE CORP.,
as Borrower,

NISOURCE INC.,
as Guarantor,

THE LEAD ARRANGERS
and
LENDERS
Party Hereto,
as Lenders,

CREDIT SUISSE FIRST BOSTON
as Syndication Agent,

BANK ONE, NA,
THE BANK OF TOKYO-MITSUBISHI, LTD., CHICAGO BRANCH
and
CITICORP USA, INC.,
as Co-Documentation Agents

BARCLAYS BANK PLC,
as Administrative Agent and LC Bank,

--------------------

BARCLAYS CAPITAL
and
CREDIT SUISSE FIRST BOSTON
Lead Arrangers

BARCLAYS CAPITAL
Sole Book Runner

--------------------

Dated as of March 18, 2004

<PAGE>

TABLE OF CONTENTS

<TABLE>
<CAPTION>
PAGE
<S> <C>
ARTICLE I DEFINITIONS................................................................................ 1

SECTION 1.01. DEFINED TERMS..................................................................... 1
SECTION 1.02. CLASSIFICATION OF LOANS AND BORROWINGS............................................ 16
SECTION 1.03. TERMS GENERALLY................................................................... 16
SECTION 1.04. ACCOUNTING TERMS; GAAP............................................................ 17

ARTICLE II THE CREDITS............................................................................... 17

SECTION 2.01. COMMITMENTS....................................................................... 17
SECTION 2.02. REVOLVING LOANS AND REVOLVING BORROWINGS; REQUESTS FOR BORROWINGS................. 18
SECTION 2.03. SWINGLINE LOANS................................................................... 19
SECTION 2.04. LETTERS OF CREDIT................................................................. 20
SECTION 2.05. FUNDING OF BORROWINGS............................................................. 24
SECTION 2.06. INTEREST ELECTIONS................................................................ 24
SECTION 2.07. MANDATORY TERMINATION OR REDUCTION OF COMMITMENTS................................. 25
SECTION 2.08. MANDATORY PREPAYMENTS............................................................. 26
SECTION 2.09. OPTIONAL REDUCTION OF COMMITMENTS................................................. 26
SECTION 2.10. REPAYMENT OF LOANS; EVIDENCE OF DEBT.............................................. 26
SECTION 2.11. OPTIONAL PREPAYMENT OF LOANS...................................................... 27
SECTION 2.12. FEES.............................................................................. 28
SECTION 2.13. INTEREST.......................................................................... 29
SECTION 2.14. ALTERNATE RATE OF INTEREST........................................................ 30
SECTION 2.15. INCREASED COSTS................................................................... 30
SECTION 2.16. BREAK FUNDING PAYMENTS............................................................ 31
SECTION 2.17. TAXES............................................................................. 32
SECTION 2.18. PAYMENTS GENERALLY; PRO RATA TREATMENT; SHARING OF SET-OFFS....................... 33
SECTION 2.19. MITIGATION OBLIGATIONS; REPLACEMENT OF LENDERS.................................... 34

ARTICLE III CONDITIONS............................................................................... 35

SECTION 3.01. CONDITIONS PRECEDENT TO THE INITIAL EXTENSION OF CREDIT........................... 35
SECTION 3.02. CONDITIONS PRECEDENT TO EACH EXTENSION OF CREDIT.................................. 37

ARTICLE IV REPRESENTATIONS AND WARRANTIES............................................................ 37

ARTICLE V AFFIRMATIVE COVENANTS...................................................................... 40

ARTICLE VI NEGATIVE COVENANTS........................................................................ 43

ARTICLE VII FINANCIAL COVENANTS...................................................................... 47


 

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