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Credit Agreement

 

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Title:

Credit Agreement

Entities:

Date:

2006

Size:

Preview shows 5KB of 324KB total

Price:

$71

ID:

#904076

 

 

► Loans ► Credit Agreements

 

 

Start of Preview




$250,000,000
CREDIT AGREEMENT


dated as of
FEBRUARY 22, 2006


AMONG


KINDER MORGAN ENERGY PARTNERS, L.P.,
as the Company,

THE LENDERS PARTY HERETO,

WACHOVIA BANK, NATIONAL ASSOCIATION,
as the Administrative Agent,


and


CITIBANK, N.A.,
as the Syndication Agent,


WACHOVIA CAPITAL MARKETS LLC,

and

CITIGROUP GLOBAL MARKETS, INC.,
as Joint Lead Arrangers and Joint Book Managers






================================================================================
<PAGE>


TABLE OF CONTENTS

Page
----

ARTICLE I. DEFINITIONS............................................1

SECTION 1.01 Defined Terms......................................1
SECTION 1.02 Classification of Loans and Borrowings............21
SECTION 1.03 Accounting Terms; Changes in GAAP.................21
SECTION 1.04 Interpretation....................................21

ARTICLE II. THE CREDITS..........................................23

SECTION 2.01 Commitments.......................................23
SECTION 2.02 Loans and Borrowings..............................23
SECTION 2.03 Requests for Committed Borrowings.................24
SECTION 2.04 Competitive Bid Procedure.........................24
SECTION 2.05 Swingline Loans...................................26
SECTION 2.06 Letters of Credit.................................28
SECTION 2.07 Funding of Borrowings.............................32
SECTION 2.08 Interest Elections................................33
SECTION 2.09 Termination and Reduction of Commitments..........34
SECTION 2.10 Repayment of Loans; Evidence of Debt..............34
SECTION 2.11 Prepayment of Loans...............................36
SECTION 2.12 Fees..............................................37
SECTION 2.13 Interest..........................................38
SECTION 2.14 Alternate Rate of Interest........................39
SECTION 2.15 Increased Costs...................................39
SECTION 2.16 Break Funding Payments............................40
SECTION 2.17 Taxes.............................................41
SECTION 2.18 Payments Generally; Pro Rata Treatment;
Sharing of Set-offs...............................42
SECTION 2.19 Mitigation Obligations; Replacement of Lenders....44
SECTION 2.20 Telephonic Notices................................44

ARTICLE III. CONDITIONS PRECEDENT................................44

SECTION 3.01 Conditions Precedent to the Initial Credit Event..44
SECTION 3.02 Conditions Precedent to All Credit Events.........46
SECTION 3.03 Conditions Precedent to Conversions...............46
SECTION 3.04 Delivery of Documents.............................46

ARTICLE IV. REPRESENTATIONS AND WARRANTIES.......................47

SECTION 4.01 Organization and Qualification....................47
SECTION 4.02 Authorization, Validity, Etc......................47
SECTION 4.03 Governmental Consents, Etc........................47
SECTION 4.04 No Breach or Violation of Agreements or
Restrictions, Etc.................................47
SECTION 4.05 Properties........................................48


<PAGE>


SECTION 4.06 Litigation and Environmental Matters..............48
SECTION 4.07 Financial Statements..............................48
SECTION 4.08 Disclosure........................................49
SECTION 4.09 Investment Company Act............................49
SECTION 4.10 Tax Returns and Payments..........................50
SECTION 4.11 Compliance with Laws and Agreements...............50
SECTION 4.12 Purpose of Loans..................................50
SECTION 4.13 Foreign Assets Control Regulations, etc...........50

ARTICLE V. AFFIRMATIVE COVENANTS.................................51


 

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