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Credit Agreement
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Title:
Credit Agreement
Entities:
Date:
2002
Size:
Preview shows 5KB of 245KB total
Price:
$74
ID:
#904206
► Loans ► Credit Agreements
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                                CREDIT AGREEMENT



                                   dated as of

                                FEBRUARY 21, 2002



                                      AMONG



                      KINDER MORGAN ENERGY PARTNERS, L.P.,

                                 as the Company,







                            THE LENDERS PARTY HERETO,







                              JPMORGAN CHASE BANK,

                            as Administrative Agent,







                           FIRST UNION NATIONAL BANK,

                              as Syndication Agent,



                                       and



                       GOLDMAN SACHS CREDIT PARTNERS L.P.,

                             as Documentation Agent







                           J.P. MORGAN SECURITIES INC.

                                       and

                          FIRST UNION SECURITIES, INC.,

                   as Co-Lead Arrangers and Joint Book Runners









--------------------------------------------------------------------------------













<PAGE>





                                TABLE OF CONTENTS



                                                                            Page





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



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



     SECTION 1.02  Classification of Loans and Borrowings...................19



     SECTION 1.03  Accounting Terms; Changes in GAAP........................19



     SECTION 1.04  Interpretation...........................................19





ARTICLE II. THE CREDITS.....................................................20



     SECTION 2.01  Commitments..............................................20



     SECTION 2.02  Loans and Borrowings.....................................21



     SECTION 2.03  Requests for Revolving Borrowings........................21



     SECTION 2.04  Telephonic Notices.......................................22



     SECTION 2.05  Funding of Borrowings....................................22



     SECTION 2.06  Interest Elections.......................................23



     SECTION 2.07  Optional and Mandatory Termination and Reduction of

                   Commitments..............................................24



     SECTION 2.08  Repayment of Loans; Evidence of Debt.....................25



     SECTION 2.09  Optional and Mandatory Prepayment of Loans...............26



     SECTION 2.10  Fees.....................................................26



     SECTION 2.11  Interest.................................................27



     SECTION 2.12  Alternate Rate of Interest...............................28



     SECTION 2.13  Increased Costs..........................................28



     SECTION 2.14  Break Funding Payments...................................29



     SECTION 2.15  Taxes....................................................30



     SECTION 2.16  Payments Generally; Pro Rata Treatment; Sharing of

                   Set-offs.................................................31



     SECTION 2.17  Mitigation Obligations; Replacement of Lenders...........32





ARTICLE III. CONDITIONS PRECEDENT...........................................33



     SECTION 3.01  Conditions Precedent to the Initial Borrowing............33



     SECTION 3.02  Conditions Precedent to All Borrowings...................34



     SECTION 3.03  Delivery of Documents....................................35





ARTICLE IV. REPRESENTATIONS AND WARRANTIES..................................35



     SECTION 4.01  Organization and Qualification...........................35





                                       i

<PAGE>





     SECTION 4.02  Authorization, Validity, Etc.............................35



     SECTION 4.03  Governmental Consents, Etc...............................36



     SECTION 4.04  Conflicting or Adverse Agreements or Restrictions........36



     SECTION 4.05  Properties...............................................36



     SECTION 4.06  Litigation and Environmental Matters.....................37



     SECTION 4.07  Financial Statements.....................................37



     SECTION 4.08  Disclosure...............................................38



     SECTION 4.09  Investment Company Act...................................38



     SECTION 4.10  Public Utility Holding Company Act.......................38



     SECTION 4.11  ERISA....................................................38



     SECTION 4.12  Tax Returns and Payments.................................38



     SECTION 4.13  Compliance with Laws and Agreements......................39
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