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364-Day Revolving Credit Agreement

 

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Title:

364-Day Revolving Credit Agreement

Entities:

Bank One, NA; Barclays Bank plc; Citibank, NA; NiSource Inc.; PNC Bank, NA; Bank of New York; Schiff Hardin & Waite

Date:

2002

Size:

Preview shows 6KB of 250KB total

Price:

$99

ID:

#898244

 

 

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                       364-DAY REVOLVING CREDIT AGREEMENT


among

NISOURCE FINANCE CORP.,
as Borrower,

NISOURCE INC.,
as Guarantor,

THE LEAD ARRANGERS
ARRANGERS
SENIOR MANAGING AGENTS
MANAGERS and
LENDERS
Party Hereto,
as Lenders,

CREDIT SUISSE FIRST BOSTON
as Syndication Agent,

BANK ONE, NATIONAL ASSOCIATION (Main Office, Chicago)
CITIBANK, N.A.
TORONTO DOMINION (TEXAS), 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 23, 2001



<PAGE>


TABLE OF CONTENTS

<Table>
<Caption>
Page
<S> <C> <C>

ARTICLE I DEFINITIONS
SECTION 1.01. Defined Terms...................................................1
SECTION 1.02. Classification of Loans and Borrowings.........................16
SECTION 1.03. Terms Generally................................................17
SECTION 1.04. Accounting Terms; GAAP.........................................17

ARTICLE II THE CREDITS

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..............................................21
SECTION 2.05. Funding of Borrowings..........................................24
SECTION 2.06. Interest Elections.............................................25
SECTION 2.07. Mandatory Termination or Reduction of Commitments..............26
SECTION 2.08. Mandatory Prepayments..........................................26
SECTION 2.09. Optional Reduction of Commitments..............................27
SECTION 2.10. Repayment of Loans; Evidence of Debt...........................27
SECTION 2.11. Optional Prepayment of Loans...................................28
SECTION 2.12. Fees...........................................................28
SECTION 2.13. Interest.......................................................30
SECTION 2.14. Alternate Rate of Interest.....................................30
SECTION 2.15. Increased Costs................................................31
SECTION 2.16. Break Funding Payments.........................................32
SECTION 2.17. Taxes..........................................................33
SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-Offs....34
SECTION 2.19. Mitigation Obligations; Replacement of Lenders.................35
SECTION 2.20. Extension of Termination Date..................................36

ARTICLE III CONDITIONS

SECTION 3.01. Conditions Precedent to the Initial Extension of Credit........36
SECTION 3.02. Conditions Precedent to Each Extension of Credit...............38

ARTICLE IV REPRESENTATIONS AND WARRANTIES

SECTION 4.01. Representations and Warranties of the Credit Parties...........38
</Table>


i
<PAGE>


<Table>
<S> <C> <C>
ARTICLE V AFFIRMATIVE COVENANTS

SECTION 5.01. Affirmative Covenants..........................................41

ARTICLE VI NEGATIVE COVENANTS

SECTION 6.01. Negative Covenants.............................................44

ARTICLE VII FINANCIAL COVENANTS

SECTION 7.01. Interest Coverage Ratio........................................48
SECTION 7.02. Debt to Capitalization Ratio...................................48

ARTICLE VIII EVENTS OF DEFAULT

SECTION 8.01. Events of Default..............................................49

ARTICLE IX THE ADMINISTRATIVE AGENT

SECTION 9.01. The Administrative Agent.......................................52

ARTICLE X GUARANTY

SECTION 10.01. The Guaranty..................................................54
SECTION 10.02. Waivers.......................................................56

 

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