|
|
|
|
Document Preview 120-Day Credit Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
120-Day Credit Agreement |
|||
|
Entities: |
Canadian Imperial Bank of Commerce; Chase Manhattan Bank; Citibank, NA; First Union National Bank; Fleet National Bank; J.P. Morgan Securities Inc.; McGraw-Hill Companies Inc.; Salomon Smith Barney Inc.; Bank of New York; Miles & Stockbridge; Shearman & Sterling |
|||
|
Date: |
2001 |
|||
|
Size: |
Preview shows 10KB of 219KB total |
|||
|
Price: |
$68 |
|||
|
ID: |
#975530 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
Exhibit 4.1
EXECUTION AGREEMENT
U.S. $200,000,000
120-DAY CREDIT AGREEMENT
Dated as of May 29, 2001
Among
YORK INTERNATIONAL CORPORATION
as Borrower
and
THE INITIAL LENDERS NAMED HEREIN
as Initial Lenders
and
CITIBANK, N.A.
as Administrative Agent
and
THE CHASE MANHATTAN BANK
as Syndication Agent
and
BANK OF TOKYO-MITSUBISHI
FIRST UNION NATIONAL BANK
and
FLEET NATIONAL BANK
as Documentation Agents
and
J.P. MORGAN SECURITIES, INC.
and
SALOMON SMITH BARNEY INC.
as Joint Lead Arrangers and Joint Bookrunners
<PAGE> 2
TABLE OF CONTENTS
<TABLE>
<S> <C>
ARTICLE I
SECTION 1.01. Certain Defined Terms 1
SECTION 1.02. Computation of Time Periods 10
SECTION 1.03. Accounting Terms 10
ARTICLE II
SECTION 2.01. (a) The Revolving Credit Advances. The Revolving Credit Advances 10
SECTION 2.02. Making the Revolving Credit Advances 10
SECTION 2.03. The Competitive Bid Advances 11
SECTION 2.04. Fees 14
SECTION 2.05. Termination or Reduction of the Revolving Credit Commitments 14
SECTION 2.06. Repayment of Advances 14
SECTION 2.07. Interest on Revolving Credit Advances 14
SECTION 2.08. Interest Rate Determination 15
SECTION 2.09. Optional Conversion of Revolving Credit Advances 16
SECTION 2.10. Prepayments of Revolving Credit Advances 16
SECTION 2.11. Increased Costs 16
SECTION 2.12. Illegality 17
SECTION 2.13. Payments and Computations 17
SECTION 2.14. Taxes 18
SECTION 2.15. Sharing of Payments, Etc. 19
SECTION 2.16. Evidence of Debt 20
SECTION 2.17. Use of Proceeds 20
ARTICLE III
SECTION 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.03 20
</TABLE>
<PAGE> 3
<TABLE>
<S> <C>
SECTION 3.02. Conditions Precedent to Each Revolving Credit Borrowing. 22
SECTION 3.03. Conditions Precedent to Each Competitive Bid Borrowing 22
SECTION 3.04. Determinations Under Section 3.01 23
ARTICLE IV
SECTION 4.01. Representations and Warranties of the Borrower 23
ARTICLE V
SECTION 5.01. Affirmative Covenants 24
SECTION 5.02. Negative Covenants 26
SECTION 5.03. Financial Covenants 27
ARTICLE VI
SECTION 6.01. Events of Default 27
ARTICLE VII
SECTION 7.01. Authorization and Action 29
SECTION 7.02. Agent's Reliance, Etc. 29
SECTION 7.03. Citibank and Affiliates 29
SECTION 7.04. Lender Credit Decision 29
SECTION 7.05. Indemnification 30
SECTION 7.06. Successor Agent 30
SECTION 7.07. Other Agents. 30
ARTICLE VIII
SECTION 8.01. Amendments, Etc. 30
SECTION 8.02. Notices, Etc. 31
SECTION 8.03. No Waiver; Remedies 31
SECTION 8.04. Costs and Expenses 31
SECTION 8.05. Right of Set-off 32
</TABLE>
ii
<PAGE> 4
<TABLE>
<S> <C>
SECTION 8.06. Binding Effect 32
SECTION 8.07. Assignments and Participations 32
SECTION 8.08. Confidentiality 34
SECTION 8.09. Governing Law 34
SECTION 8.10. Execution in Counterparts 34
SECTION 8.11. Jurisdiction, Etc. 34
SECTION 8.12. Waiver of Jury Trial 36
</TABLE>
iii
<PAGE> 5
<TABLE>
<CAPTION>
Schedules
---------
<S> <C>
Schedule I - List of Applicable Lending Offices
Schedule 5.02(a) - Existing Liens
</TABLE>
<TABLE>
<CAPTION>
Exhibits
--------
<S> <C>
Exhibit A-1 - Form of Revolving Credit Note
Exhibit A-2 - Form of Competitive Bid Note
Exhibit B-1 - Form of Notice of Revolving Credit Borrowing
Exhibit B-2 - Form of Notice of Competitive Bid Borrowing
Exhibit C - Form of Assignment and Acceptance
Exhibit D - Form of Opinion of Counsel for the Borrower
</TABLE>
iv
<PAGE> 6
120-DAY CREDIT AGREEMENT
Dated as of May 29, 2001
YORK INTERNATIONAL CORPORATION, a Delaware corporation (the
"Borrower"), the banks, financial institutions and other institutional lenders
(the "Initial Lenders") listed on the signature pages hereof, CITIBANK, N.A.
("Citibank"), as the administrative agent (the "Agent") for the Lenders (as
|
End of Preview |
Home Intelligence Services Subscriptions News About Us