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3-Year Revolving Credit Agreement

 

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Title:

3-Year Revolving Credit Agreement

Entities:

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

Date:

2001

Size:

Preview shows 6KB of 264KB total

Price:

$56

ID:

#898292

 

 

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                        3-YEAR 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> 2



TABLE OF CONTENTS



<TABLE>
<CAPTION>
PAGE
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<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> 3


<TABLE>
<CAPTION>
PAGE
----
<S> <C> <C>
Article V AFFIRMATIVE COVENANTS


 

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