Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Credit and Guaranty Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Credit and Guaranty Agreement

Entities:

CenterPoint Energy, Inc.; Deutsche Bank Securities Inc.; McGraw-Hill Companies Inc.; Reliant Energy, Inc.; Wachovia Bank, NA; Wells Fargo Bank, NA; Bank of America, NA; Bank of New York

Date:

2005

Size:

Preview shows 134KB of 421KB total

Price:

$61

ID:

#913287

 

 

► Financing ► Guaranties ► Credit & Guaranty Agreements
► Financial
► Financial ► Money Center Banks
► Services ► Printing & Publishing
► Utilities ► Electric Utilities

 

 

Start of Preview


 

EXECUTION VERSION

 

 

 

CREDIT AND GUARANTY AGREEMENT

 

Dated as of October 7, 2005

 

among

 

RELIANT ENERGY, INC.,
as the Borrower,

 

The Other Loan Parties Referred To Herein,
as Guarantors,

 

The Other Lenders Party Hereto,

 

and

 

DEUTSCHE BANK AG, NEW YORK BRANCH
as Administrative Agent,

 


 

DEUTSCHE BANK SECURITIES INC.
Sole Lead Arranger, Sole Bookrunner, and Sole Syndication Agent

 

 

 



 

TABLE OF CONTENTS

 

 

ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS

 

1.1 Defined Terms

 

1.2 Other Interpretive Provisions

 

1.3 Accounting Terms

 

1.4 Rounding

 

1.5 Times of Day

 

 

 

ARTICLE II. THE COMMITMENTS AND THE LOANS

 

2.1 The Loans

 

2.2 Borrowings, Conversions and Continuations of Loans

 

2.3 [Reserved]

 

2.4 Optional and Mandatory Prepayments

 

2.5 Termination of Commitments

 

2.6 Repayment of Loans

 

2.7 Interest

 

2.8 Fees

 

2.9 Computation of Interest

 

2.10 Evidence of Debt

 

2.11 Payments Generally; Administrative Agents Clawback

 

2.12 Sharing of Payments by Lenders

 

 

 

ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY

 

3.1 Taxes

 

3.2 Illegality

 

3.3 Inability to Determine Rates

 

3.4 Increased Costs; Capital Adequacy; Reserves on Eurodollar Rate Loans

 

3.5 Compensation for Losses

 

3.6 Mitigation Obligations; Replacement of Lenders

 

3.7 Survival

 

 

 

ARTICLE IV. CONDITIONS PRECEDENT TO LOANS

 

4.1 General Conditions

 

4.2 Funding Conditions

 

4.3 Post Closing Covenant

 

 

 

ARTICLE V. REPRESENTATIONS AND WARRANTIES

 

5.1 Existence, Qualification and Power; Compliance with Laws

 

5.2 Authorization; No Contravention

 

5.3 Governmental Authorization; Other Consents

 

5.4 Binding Effect

 

5.5 Financial Statements; No Material Adverse Effect

 

5.6 Litigation

 

 

i



 

5.7 No Default

 

5.8 Ownership of Property; Liens

 

5.9 Environmental Matters

 

5.10 Insurance

 

5.11 Taxes

 

5.12 ERISA Compliance

 

5.13 Subsidiaries; Equity Interests

 

5.14 Margin Regulations; Investment Company Act; Public Utility Holding Company Act

 

5.15 Disclosure

 

5.16 Compliance with Laws

 

5.17 Intellectual Property; Licenses, Etc.

 

5.18 Solvency

 

5.19 Perfection, Etc

 

5.20 Parity Secured Obligations

 

 

 

ARTICLE VI. AFFIRMATIVE COVENANTS

 

6.1 Financial Statements

 

6.2 Certificates; Other Information

 

6.3 Notices

 

6.4 Payment of Obligations

 

6.5 Preservation of Existence, Etc.

 

6.6 Maintenance of Properties

 

6.7 Maintenance of Insurance

 

6.8 Compliance with Laws

 

6.9 Books and Records

 

6.10 Inspection Rights

 

6.11 Use of Proceeds

 

6.12 Additional Loan Parties; Security Interests

 

6.13 Further Assurances

 

6.14 Florida Mortgaged Properties

 

 

 

ARTICLE VII. NEGATIVE COVENANTS

 

7.1 Liens

 

7.2 Investments

 

7.3 Indebtedness

 

7.4 Consolidation and Mergers

 

7.5 Asset Sales

 

7.6 Restricted Payments

 

7.7 Line of Business

 

7.8 Transactions with Affiliates

 

7.9 Restrictive Agreements

 

7.10 Use of Proceeds

 

7.11 Financial Covenants

 

7.12 Capital Expenditures

 

7.13 Modification of Certain Agreements

 

7.14 Fiscal Year

 

 

ii



 

7.15 Commodity Hedging

 

7.16 Collateral Trust Agreement; Prepayment of Parity Secured Obligations

 

7.17 Orion Subsidiaries

 

7.18 Designated Entities

 

7.19 Foreign Investments

 

 

 

ARTICLE VIII. GUARANTY

 

8.1 Guaranty; Limitation of Liability

 

8.2 Guaranty Absolute

 

8.3 Waivers and Acknowledgments

 

8.4 Subrogation

 

8.5 Assumption and Joinder

 

8.6 Subordination

 

8.7 Continuing Guaranty; Assignments

 

 

 

ARTICLE IX. EVENTS OF DEFAULT AND REMEDIES

 

9.1 Events of Default

 

9.2 Remedies upon Event of Default

 

9.3 Application of Funds

 

 

 

ARTICLE X. THE ADMINISTRATIVE AGENT

 

10.1 Appointment and Authority

 

10.2 Rights As a Lender

 

10.3 Exculpatory Provisions

 

10.4 Reliance by the Administrative Agent

 

10.5 Delegation of Duties

 

10.6 Resignation of Administrative Agent

 

10.7 Non-Reliance on Administrative Agent and Other Lenders

 

10.8 No Other Duties, Etc.

 

10.9 Administrative Agent May File Proofs of Claim

 

10.10 Collateral and Guaranty Matters

 

 

 

ARTICLE XI. MISCELLANEOUS

 

11.1 Amendments, Etc.

 

11.2 Notices; Effectiveness; Electronic Communication

 

11.3 No Waiver; Cumulative Remedies

 

11.4 Expenses; Indemnity; Damage Waiver

 

11.5 Payments Set Aside

 

11.6 Successors and Assigns

 

11.7 Confidentiality

 

11.8 Right of Setoff

 

11.9 Interest Rate Limitation

 

11.10 Counterparts; Integration; Effectiveness

 

11.11 Survival of Representations and Warranties

 

11.12 Severability

 

11.13 Replacement of Lenders

 

11.14 Governing Law; Jurisdiction; Etc.

 

 

iii



 

11.15 Waiver of Jury Trial

 

11.16 USA PATRIOT Act Notice