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Credit Agreement
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Title:
Credit Agreement
Entities:
Date:
2004
Size:
Preview shows 6KB of 365KB total
Price:
$99
ID:
#904130
► Loans ► Credit Agreements
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                                 $1,250,000,000

                                CREDIT AGREEMENT





                                   dated as of

                                 AUGUST 18, 2004



                                      AMONG



                      KINDER MORGAN ENERGY PARTNERS, L.P.,

                                 as the Company,



                        KINDER MORGAN OPERATING L.P. "B",

                           as the Subsidiary Borrower,



                            THE LENDERS PARTY HERETO,



                      WACHOVIA BANK, NATIONAL ASSOCIATION,

                          as the Administrative Agent,

                   the Issuing Bank and the Swingline Lender,



                                 CITIBANK, N.A.,

                                       and

                              JPMORGAN CHASE BANK,

                          as the Co-Syndication Agents,



                                       and



                         HARRIS NESBITT FINANCING, INC.,

                                       and

                               BARCLAYS BANK PLC,

                         as the Co-Documentation Agents



                     ______________________________________





                          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.........................................................2



  SECTION 1.01 Defined Terms...................................................2

  SECTION 1.02 Classification of Loans and Borrowings.........................22

  SECTION 1.03 Accounting Terms; Changes in GAAP..............................22

  SECTION 1.04 Interpretation.................................................22



ARTICLE II. THE CREDITS.......................................................24



  SECTION 2.01 Commitments....................................................24

  SECTION 2.02 Loans and Borrowings...........................................24

  SECTION 2.03 Requests for Committed Borrowings..............................25

  SECTION 2.04 Competitive Bid Procedure......................................25

  SECTION 2.05 Swingline Loans................................................28

  SECTION 2.06 Letters of Credit..............................................29

  SECTION 2.07 Funding of Borrowings..........................................34

  SECTION 2.08 Interest Elections.............................................34

  SECTION 2.09 Termination and Reduction of Commitments.......................36

  SECTION 2.10 Repayment of Loans; Evidence of Debt...........................36

  SECTION 2.11 Prepayment of Loans............................................38

  SECTION 2.12 Fees...........................................................38

  SECTION 2.13 Interest.......................................................40

  SECTION 2.14 Alternate Rate of Interest.....................................41

  SECTION 2.15 Increased Costs................................................41

  SECTION 2.16 Break Funding Payments.........................................42

  SECTION 2.17 Taxes..........................................................43

  SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of

               Set-offs.......................................................44

  SECTION 2.19 Mitigation Obligations; Replacement of Lenders.................46

  SECTION 2.20 Telephonic Notices.............................................46



ARTICLE III. CONDITIONS PRECEDENT.............................................47



  SECTION 3.01 Conditions Precedent to the Initial Credit Event...............47

  SECTION 3.02 Conditions Precedent to All Credit Events......................48

  SECTION 3.03 Conditions Precedent to Conversions............................49

  SECTION 3.04 Delivery of Documents..........................................49



ARTICLE IV. REPRESENTATIONS AND WARRANTIES....................................49



  SECTION 4.01 Organization and Qualification.................................49

  SECTION 4.02 Authorization, Validity, Etc...................................49

  SECTION 4.03 Governmental Consents, Etc.....................................50

  SECTION 4.04 No Breach or Violation of Agreements or Restrictions, Etc......50



                                      -i-

<PAGE>





  SECTION 4.05 Properties.....................................................50

  SECTION 4.06 Litigation and Environmental Matters...........................50

  SECTION 4.07 Financial Statements...........................................51
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