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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: |
Bank of Nova Scotia; Bank One, NA; Barclays Bank plc; Citicorp USA, Inc.; First Union National Bank; NiSource Inc.; Bank of America, NA; Bank of New York; Schiff Hardin & Waite |
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Date: |
2002 |
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Size: |
Preview shows 5KB of 236KB total |
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Price: |
$57 |
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ID: |
#898011 |
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364-DAY REVOLVING CREDIT AGREEMENT
among
NISOURCE FINANCE CORP.,
as Borrower,
NISOURCE INC.,
as Guarantor,
LENDERS
Party Hereto,
as Lenders,
and
BARCLAYS BANK PLC,
as Administrative Agent and LC Bank,
--------------------
BARCLAYS CAPITAL as
Lead Arranger
and
Sole Book Runner
--------------------
Dated as of March 21, 2002
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
Article I DEFINITIONS
Section 1.01. Defined Terms......................................................... 1
Section 1.02. Classification of Loans and Borrowings................................15
Section 1.03. Terms Generally.......................................................15
Section 1.04. Accounting Terms; GAAP................................................16
Article II THE CREDITS
Section 2.01. Commitments...........................................................16
Section 2.02. Revolving Loans and Revolving Borrowings; Requests for
Borrowings........................................................17
Section 2.03. Letters of Credit.....................................................18
Section 2.04. Funding of Borrowings.................................................21
Section 2.05. Interest Elections....................................................22
Section 2.06. Mandatory Termination or Reduction of Commitments.....................23
Section 2.07. Mandatory Prepayments.................................................23
Section 2.08. Optional Reduction of Commitments.....................................24
Section 2.09. Repayment of Loans; Evidence of Debt..................................24
Section 2.10. Optional Prepayment of Loans..........................................25
Section 2.11. Fees..................................................................25
Section 2.12. Interest..............................................................26
Section 2.13. Alternate Rate of Interest............................................27
Section 2.14. Increased Costs.......................................................27
Section 2.15. Break Funding Payments................................................29
Section 2.16. Taxes.................................................................29
Section 2.17. Payments Generally; Pro Rata Treatment; Sharing of Set-Offs...........30
Section 2.18. Mitigation Obligations; Replacement of Lenders........................32
Section 2.19. Extension of Termination Date.........................................33
Article III CONDITIONS
Section 3.01. Conditions Precedent to the Initial Extension of Credit...............33
Section 3.02. Conditions Precedent to Each Extension of Credit......................35
Article IV REPRESENTATIONS AND WARRANTIES
Section 4.01. Representations and Warranties of the Credit Parties..................35
</TABLE>
i
<PAGE>
<TABLE>
<S> <C>
Article V AFFIRMATIVE COVENANTS
Section 5.01. Affirmative Covenants.................................................38
Article VI NEGATIVE COVENANTS
Section 6.01. Negative Covenants....................................................41
Article VII FINANCIAL COVENANTS
Section 7.01. Interest Coverage Ratio...............................................45
Section 7.02. Debt to Capitalization Ratio..........................................45
Article VIII EVENTS OF DEFAULT
Section 8.01. Events of Default.....................................................45
Article IX THE ADMINISTRATIVE AGENT
Section 9.01. The Administrative Agent..............................................49
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