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Credit Agreement
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Title:
Credit Agreement
Entities:
Date:
2004
Size:
Preview shows 5KB of 310KB total
Price:
$63
ID:
#904143
► Loans ► Credit Agreements
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                                 $570,000,000.00

                                CREDIT AGREEMENT





                                   dated as of

                                OCTOBER 14, 2003





                                      AMONG





                      KINDER MORGAN ENERGY PARTNERS, L.P.,

                                 as the Company,









                            THE LENDERS PARTY HERETO,





                      WACHOVIA BANK, NATIONAL ASSOCIATION,

                          as the Administrative Agent,







                                 CITIBANK, N.A.

                                       and

                              JPMORGAN CHASE BANK,

                          as the Co-Syndication Agents,





                                 BANK ONE, N.A.

                                       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.........................................................1

  SECTION 1.01 Defined Terms...................................................1

  SECTION 1.02 Classification of Loans and Borrowings.........................20

  SECTION 1.03 Accounting Terms; Changes in GAAP..............................20

  SECTION 1.04 Interpretation.................................................20



ARTICLE II. THE CREDITS.......................................................21

  SECTION 2.01 Commitments....................................................21

  SECTION 2.02 Loans and Borrowings...........................................22

  SECTION 2.03 Requests for Committed Borrowings..............................23

  SECTION 2.04 Competitive Bid Procedure......................................23

  SECTION 2.05 THIS SECTION IS INTENTIONALLY OMITTED..........................26

  SECTION 2.06 Telephonic Notices.............................................26

  SECTION 2.07 Funding of Borrowings..........................................26

  SECTION 2.08 Interest Elections.............................................27

  SECTION 2.09 Termination and Reduction of Commitments.......................28

  SECTION 2.10 Repayment of Loans; Evidence of Debt...........................28

  SECTION 2.11 Prepayment of Loans............................................29

  SECTION 2.12 Fees...........................................................30

  SECTION 2.13 Interest.......................................................31

  SECTION 2.14 Alternate Rate of Interest.....................................32

  SECTION 2.15 Increased Costs................................................33

  SECTION 2.16 Break Funding Payments.........................................33

  SECTION 2.17 Taxes..........................................................34

  SECTION 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs....35

  SECTION 2.19 Mitigation Obligations; Replacement of Lenders.................37

  SECTION 2.20 Extensions of Termination Date; Removal of Lenders.............37



ARTICLE III. CONDITIONS PRECEDENT.............................................39

  SECTION 3.01 Conditions Precedent to the Initial Borrowing..................39

  SECTION 3.02 Conditions Precedent to All Borrowings.........................41

  SECTION 3.03 Conditions Precedent to Conversions............................41

  SECTION 3.04 Delivery of Documents..........................................41



ARTICLE IV. REPRESENTATIONS AND WARRANTIES....................................41

  SECTION 4.01 Organization and Qualification.................................42

  SECTION 4.02 Authorization, Validity, Etc...................................42

  SECTION 4.03 Governmental Consents, Etc.....................................42

  SECTION 4.04 No Breach or Violation of Agreements or Restrictions, Etc......42

  SECTION 4.05 Properties.....................................................43

  SECTION 4.06 Litigation and Environmental Matters...........................43

  SECTION 4.07 Financial Statements...........................................43



                                      -i-

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