Common use of Definitions and Accounting Terms Clause in Contracts

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

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Definitions and Accounting Terms. 1 Section 1.1 1.01 Certain Defined Terms 1 Section 1.2 1.02 Computation of Time Periods 34 23 Section 1.3 1.03 Accounting Terms; Changes in GAAP 34 Terms 23 Section 1.4 1.04 Classes and Types of Advances 34 Loans 24 Section 1.5 Other Interpretive Provisions 35 1.05 Miscellaneous 24 ARTICLE II CREDIT FACILITIES 35 THE LOANS 25 Section 2.1 2.01 Loans 25 Section 2.02 Method of Borrowing 25 Section 2.03 [Reserved] 27 Section 2.04 Termination, Reduction of the Commitments 35 27 Section 2.2 Evidence of Indebtedness 37 2.05 Repayment 27 Section 2.3 Letters of Credit 37 2.06 Interest, Interest Calculations and Certain Fees 27 Section 2.4 Swingline Advances 44 2.07 Prepayments 29 Section 2.5 Borrowings; Procedures and Limitations 47 2.08 [Reserved] 31 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 2.09 Increased Costs Generally 31 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 32 Section 2.11 Taxes 33 Section 2.12 Sharing of Payments, Etc. 37 Section 2.13 Applicable Lending Offices 38 Section 2.14 Taxes 59 [Reserved] 38 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 38 Section 2.16 Increase in Commitments 64 [Reserved] 39 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Lenders 39 ARTICLE III CONDITIONS PRECEDENT 69 40 Section 3.1 3.01 Closing Date 40 Section 3.02 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Term Loans 43 Section 3.2 3.03 Conditions Precedent to Each Credit Extension 72 the Delayed Draw Term Loans 44 Section 3.3 3.04 Determinations Under Section 3.1 and Section 3.2 73 Sections 3 44 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 44 Section 4.1 Organization 73 4.01 Existence; Subsidiaries 44 Section 4.2 4.02 Power and Authority 44 Section 4.03 Authorization 73 and Approvals 45 Section 4.3 Enforceability 74 4.04 Enforceable Obligations 45 Section 4.4 4.05 Financial Condition 74 Statements; No Material Adverse Effect 45 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 4.06 True and Complete Disclosure 74 46 Section 4.7 4.07 Litigation 75 46 Section 4.8 4.08 Compliance with Agreements 75 Laws 46 Section 4.9 Pension Plans 75 4.09 Burdensome Provisions; No Default 46 Section 4.10 Environmental Condition 76 Subsidiaries; Corporate Structure 46 Section 4.11 Subsidiaries 76 Ownership of Properties; Casualties 47 Section 4.12 Environmental Compliance 47 Section 4.13 Insurance 48 TABLE OF CONTENTS (continued) Page Section 4.14 Taxes 48 Section 4.15 ERISA Compliance 48 Section 4.16 Security Interests 49 Section 4.17 Labor Relations 49 Section 4.18 Intellectual Property 49 Section 4.19 Solvency 50 Section 4.20 Margin Regulations 50 Section 4.21 Investment Company Act 76 50 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 4.22 OFAC 50 ARTICLE V AFFIRMATIVE COVENANTS 78 51 Section 5.1 Organization 78 5.01 Reporting Requirements 51 Section 5.2 Reporting 79 5.02 Other Notices 53 Section 5.3 Insurance 83 5.03 Preservation of Existence, Etc. Except as permitted by Section 5.4 6 54 Section 5.04 Compliance with Laws 84 Laws, Etc. 54 Section 5.5 Taxes 84 5.05 Maintenance of Property 54 Section 5.6 Security 84 5.06 Maintenance of Insurance 55 Section 5.7 New Subsidiaries 85 5.07 Payment of Obligations 55 Section 5.8 5.08 Books and Records; Inspection 85 55 Section 5.9 Maintenance 5.09 Use of Property 85 Proceeds 56 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Additional Subsidiaries 56 Section 5.11 Appraisals; Field Exams 86 Bank Accounts 57 Section 5.12 Further Assurances 87 in General 57 Section 5.13 Designation of Senior Debt 87 [Reserved] 58 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Real Property 58 ARTICLE VI NEGATIVE COVENANTS 88 59 Section 6.1 Debt 88 6.01 Liens, Etc. 59 Section 6.2 Liens 89 6.02 Debts, Guaranties and Other Obligations 60 Section 6.3 6.03 Merger or Consolidation 62 Section 6.04 Asset Sales 62 Section 6.05 Investments 91 63 Section 6.4 Acquisitions 92 6.06 Restricted Payments 64 Section 6.5 6.07 Change in Nature of Business; Change in Structure; Amendments to Organizational Documents 64 Section 6.08 Transactions With Affiliates 64 Section 6.09 Agreements Restricting Liens and Distributions 64 Section 6.10 Limitation on Accounting Changes or Changes in Fiscal Periods 65 Section 6.11 Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities 65 Section 6.12 Capital Expenditures 65 Section 6.13 Maximum Tranche B Loan to Value Ratio 65 Section 6.14 Minimum Liquidity 65 Section 6.15 Optional Payments and Modifications of Certain Debt Instruments 65 TABLE OF CONTENTS (continued) Page ARTICLE VII EVENTS OF DEFAULT 66 Section 7.01 Events of Default 66 Section 7.02 Optional Acceleration of Maturity 68 Section 7.03 Automatic Acceleration of Maturity 69 Section 7.04 Non-exclusivity of Remedies 70 Section 7.05 Right of Set-off 70 Section 7.06 Application of Proceeds 70 Section 7.07 Borrower’s Right to Cure 71 ARTICLE VIII THE GUARANTY 72 Section 8.01 Liabilities Guaranteed 72 Section 8.02 Nature of Guaranty 72 Section 8.03 Agent’s Rights 72 Section 8.04 Guarantor’s Waivers 73 Section 8.05 Maturity of Obligations, Payment 74 Section 8.06 Agent’s Expenses 74 Section 8.07 Liability 74 Section 8.08 Events and Circumstances Not Reducing or Discharging any Guarantor’s Obligations 74 Section 8.09 Subordination of All Guarantor Claims 76 Section 8.10 Claims in Bankruptcy 77 Section 8.11 Payments Held in Trust 77 Section 8.12 Benefit of Guaranty 77 Section 8.13 Reinstatement 78 Section 8.14 Liens Subordinate 78 Section 8.15 Guarantor’s Enforcement Rights 78 Section 8.16 Fraudulent Transfer Laws 78 Section 8.17 Contribution Rights 79 ARTICLE IX THE ADMINISTRATIVE AGENT 80 Section 9.01 Appointment and Authority 80 Section 9.02 Rights as a Lender 80 Section 9.03 Exculpatory Provisions 80 Section 9.04 Reliance by Administrative Agent 81 Section 9.05 Delegation of Duties 82 Section 9.06 Resignation of Administrative Agent 82 Section 9.07 Non-Reliance on Administrative Agent and Other Lenders 83 Section 9.08 Indemnification 83 Section 9.09 Collateral and Guaranty Matters 84 ARTICLE X MISCELLANEOUS 86 Section 10.01 Amendments, Etc. 86 Section 10.02 Notices, Etc. 87 Section 10.03 No Waiver; Cumulative Remedies 89 Section 10.04 Costs and Expenses 89 TABLE OF CONTENTS (continued) Page Section 10.05 Indemnification 89 Section 10.06 Successors and Assigns 90 Section 10.07 Confidentiality 93 Section 6.6 Use 10.08 Execution in Counterparts 94 Section 10.09 Survival of Proceeds; Use Representations, Etc. 94 Section 10.10 Severability 94 Section 10.11 Governing Law 95 Section 10.12 Submission to Jurisdiction 95 Section 10.13 Dispute Resolution 95 Section 10.14 Entire Agreement 97 Section 10.15 [Reserved] 97 Section 10.16 USA Patriot Act 97 Section 10.17 [Reserved] 97 Section 10.18 No Fiduciary Duty 97 Section 10.19 Intercreditor Agreement 98 Section 10.20 Original Issue Discount 98 TABLE OF CONTENTS (continued) Page EXHIBITS: Exhibit A - Form of Letters Assignment and Acceptance Exhibit B - Form of Compliance Certificate Exhibit C - Form of Note Exhibit D - Form of Notice of Borrowing Exhibit E - [Reserved] Exhibit F - Form of Pledge Agreement Exhibit G - Form of Security Agreement Exhibit H-1 - U.S. Tax Compliance Certificate (For Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes) Exhibit H-2 - U.S. Tax Compliance Certificate (For Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes) Exhibit H-3 - U.S. Tax Compliance Certificate (For Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes) Exhibit H-4 - U.S. Tax Compliance Certificate (For Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes) Exhibit I - Form of Warrant Agreement SCHEDULES: Schedule 1.01(a) - [Reserved] Schedule 1.01(b) - Guarantors Schedule 2.01 - Commitments and Pro Rata Shares of the Lenders Schedule 4.10 - Subsidiaries Schedule 5.11 - Bank Accounts Schedule 6.01 - Existing Permitted Liens Schedule 6.02 - Existing Permitted Debt Schedule 6.05 - Existing Permitted Investments Schedule 10.02 - Addresses for Notice SECOND LIEN CREDIT AGREEMENT This Second Lien Credit 93Agreement dated as of December 19, 2016 is among Xxxxxxxx Energy Services LP, a Delaware limited partnership (the “Borrower”), the Guarantors, the Lenders, and Cortland Capital Market Services LLC (“Cortland”), as Administrative Agent for the Lenders. The Borrower, the Guarantors, the Lenders and the Administrative Agent agree as follows:

Appears in 2 contracts

Samples: Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 25 Section 1.03 Accounting Terms 26 Section 1.04 Times of Day 26 Section 1.05 Rounding 26 ARTICLE II CREDIT FACILITIES 35 THE COMMITMENTS AND LOANS 27 Section 2.1 Commitments 35 2.01 Revolving Loans 27 Section 2.2 Evidence of Indebtedness 37 2.02 Term Loans 27 Section 2.3 2.03 Swing Loans 28 Section 2.04 Letters of Credit 28 Section 2.05 Term Loan Borrowing; Revolving Loan Borrowings, Swing Loan Borrowings 29 Section 2.06 Conversions or Continuations 34 Section 2.07 Prepayments 35 Section 2.08 Termination or Reduction of Commitments 37 Section 2.4 Swingline Advances 2.09 Repayment of Loans 37 Section 2.10 Interest 38 Section 2.11 Interest Rate Determination 38 Section 2.12 Fees 39 Section 2.13 Computation of Interest and Fees 40 Section 2.14 Evidence of Debt 40 Section 2.15 Payments Generally; Administrative Agent’s Clawback 41 Section 2.16 Sharing of Payments by Lenders 42 Section 2.17 Increase in the Aggregate Revolving Credit Commitments 42 Section 2.18 Extension of Revolving Credit Maturity Date 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 2.19 Issuance of Letters of Credit 48 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 52 Section 2.8 Fees 53 3.01 Taxes 52 Section 2.9 Interest 54 Section 2.10 3.02 Illegality 55 Section 2.11 Breakage Costs 3.03 Inability to Determine Rates 55 Section 2.12 3.04 Increased Costs Costs; Reserves on Eurodollar Rate Loans 56 Section 2.13 Payments and Computations 3.05 Compensation for Losses 57 Section 2.14 Taxes 59 Section 2.15 3.06 Mitigation Obligations; Replacement of Lenders 63 58 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 59 ARTICLE III IV CONDITIONS PRECEDENT 69 59 Section 3.1 4.01 Conditions Precedent of Effectiveness 59 Section 4.02 Conditions to Initial Borrowings Borrowing and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use Issuance of Letters of Credit 93Credits 61 Section 4.03 Conditions to Commitment Increases 61 Page

Appears in 2 contracts

Samples: Credit Agreement (Rti International Metals Inc), Credit Agreement (Rti International Metals Inc)

Definitions and Accounting Terms. 1 Section 1.1 SECTION 1.01 Certain Defined Terms 1 Section 1.2 SECTION 1.02 Computation of Time Periods 34 Section 1.3 18 SECTION 1.03 Accounting TermsTerms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Changes in GAAP 34 Section 1.4 Classes Reduction and Types Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 34 Section 1.5 Other Interpretive Provisions 35 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE II III AMOUNT AND TERMS OF LETTERS OF CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 56 Section 2.13 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 57 Section 2.14 40 SECTION 4.02 Taxes 59 Section 2.15 Mitigation Obligations; Replacement 42 SECTION 4.03 Sharing of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE III V CONDITIONS PRECEDENT 69 Section 3.1 OF LENDING SECTION 5.01 Conditions Precedent to Initial Borrowings and the Initial Letter Effectiveness of Credit 69 Section 3.2 this Agreement 49 SECTION 5.02 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Advance/Issuance 51 ARTICLE IV VI REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 Default 60 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93IX THE AGENT

Appears in 2 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc)

Definitions and Accounting Terms. 1 Section 1.1 1.01. Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 1.02. Other Definitional and Interpretive Provisions 18 Section 1.3 1.03. Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 18 ARTICLE II CREDIT FACILITIES 35 AMOUNTS AND TERMS OF THE ADVANCES 19 Section 2.1 Commitments 35 2.01. Loans, Etc. 19 Section 2.2 2.02. Making the Loans 19 Section 2.03. Commitment Fees 21 Section 2.04. Repayment; Evidence of Indebtedness 37 Debt 21 Section 2.3 Letters 2.05. Termination or Reduction of Credit 37 the Commitments 21 Section 2.4 Swingline Advances 44 2.06. Conversion of Loans 21 Section 2.5 Borrowings; Procedures and Limitations 47 2.07. Prepayments 22 Section 2.6 Prepayments 50 2.08. Interest 23 Section 2.7 Repayment 52 2.09. Increased Costs, Illegality, Etc. 23 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 2.10. Payments and Computations 57 25 Section 2.14 2.11. Taxes 59 26 Section 2.15 Mitigation Obligations; 2.12. Sharing of Payments, Etc. 28 Section 2.13. Replacement of Lenders 63 Lender 29 Section 2.16 Increase 2.14. Interest Rate Determination 29 Section 2.15. Borrowings in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Sterling 30 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 32 Section 4.1 Organization 73 3.01. Organization; Powers 32 Section 4.2 Authorization 73 3.02. Authorization; Enforceability 32 Section 4.3 Enforceability 74 3.03. Governmental Approvals; No Conflicts 33 Section 4.4 3.04. Financial Condition 74 Condition; No Material Adverse Change 33 Section 4.5 Ownership and Liens; Real Property 74 3.05. Litigation 33 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 3.06. Compliance with Laws and Agreements 75 33 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 3.07. Investment Company Act 76 34 Section 4.13 3.08. Taxes 76 34 Section 4.14 Permits, Licenses, etc 77 3.09. ERISA 34 Section 4.15 Use of Proceeds 77 3.10. Disclosure 34 Section 4.16 Condition of Property; Casualties 77 3.11. Holding Company Status 34 Section 4.17 Insurance 77 3.12. Subsidiaries 34 ARTICLE IV CONDITIONS OF LENDING 34 Section 4.18 Security Interest 77 4.01. Conditions to Initial Loans 34 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 4.02. Conditions to Each Borrowing 36 ARTICLE V AFFIRMATIVE COVENANTS 78 36 Section 5.1 Organization 78 5.01. Financial Statements and Other Information 36 Section 5.2 Reporting 79 5.02. Notices of Material Events 37 Section 5.3 5.03. Existence; Conduct of Business 38 Section 5.04. Payment of Obligations 38 Section 5.05. Maintenance of Insurance 83 38 Section 5.4 5.06. Books and Records; Inspection Rights 38 Section 5.07. Compliance with Laws 84 and Material Contractual Obligations 39 Section 5.5 Taxes 84 5.08. Use of Proceeds 39 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 5.09. Maintenance of Property 85 Properties, Etc 39 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 5.10. Subsidiaries. 39 ARTICLE VI NEGATIVE COVENANTS 88 39 Section 6.1 Debt 88 6.01. Fundamental Changes 39 Section 6.2 Liens 89 6.02. Other Indebtedness of the Borrower. 40 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 936.03.

Appears in 1 contract

Samples: Revolving Credit Agreement (FMR Corp)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation 1.02 Other Interpretative Provisions 50 Section 1.03 Accounting Terms and Determinations 51 Section 1.04 Rounding 52 Section 1.05 Times of Time Periods 34 Day 52 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 1.06 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 Borrowings 53 ARTICLE II II. THE CREDIT FACILITIES 35 Section 2.1 2.01 Commitments 35 To Lend 53 Section 2.2 2.02 Notice of Borrowings 54 Section 2.03 Notice to Lenders; Funding of Loans 55 Section 2.04 Evidence of Indebtedness 37 Loans 55 Section 2.3 Letters of Credit 37 2.05 Interest 56 Section 2.4 Swingline Advances 44 2.06 Extension and Conversion 57 Section 2.5 Borrowings; Procedures and Limitations 47 2.07 Scheduled Amortization 58 Section 2.6 2.08 Prepayments 50 58 Section 2.7 Repayment 52 Section 2.8 2.09 Fees 53 Section 2.9 Interest 54 61 Section 2.10 Illegality 55 Pro rata Treatment 61 Section 2.11 Breakage Costs 55 Sharing of Payments by Lenders 61 Section 2.12 Payments Generally; Administrative Agent’s Clawback 62 Section 2.13 Increase in Commitments 63 Section 2.14 Defaulting Lenders 66 Section 2.15 Refinancing Amendments 67 Section 2.16 Discounted Prepayments 68 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01 Taxes 73 Section 3.02 Illegality 76 Section 3.03 Inability To Determine Rates 77 Section 3.04 Increased Costs 56 and Reduced Return; Capital Adequacy 77 Section 2.13 Payments and Computations 57 3.05 Compensation for Losses 78 Section 2.14 Taxes 59 3.06 Base Rate Loans Substituted for Affected Eurodollar Loans 79 Section 2.15 3.07 Mitigation Obligations; Replacement of Lenders 63 79 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.08 Survival 80 ARTICLE III IV. CONDITIONS PRECEDENT 69 TO BORROWINGS Section 3.1 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 80 Section 3.2 4.02 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 All Borrowings 84 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 5.01 Existence, Qualification and Power 85 Section 4.2 Authorization 73 5.02 Authorization; No Contravention 85 Section 4.3 Enforceability 74 5.03 Governmental Authorization; Other Consents. 85 Section 4.4 5.04 Binding Effect 85 Section 5.05 Financial Condition 74 Condition; No Material Adverse Effect 86 Section 4.5 5.06 Litigation 86 Section 5.07 Ownership and Liensof Property, Liens 86 Section 5.08 Environmental Matters 86 Section 5.09 Insurance 87 Section 5.10 Taxes 87 Section 5.11 ERISA; Real Property 74 Foreign Pension Plans; Employee Benefit Arrangements 87 Section 4.6 True and Complete Disclosure 74 5.12 Subsidiaries; Equity Interests 88 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 5.13 Margin Regulations; Investment Company Act 76 89 Section 4.13 Taxes 76 5.14 Disclosure 89 Section 4.14 Permits, Licenses, etc 77 5.15 Compliance with Law 89 Section 4.15 5.16 Intellectual Property 89 Section 5.17 Use of Proceeds 77 89 Section 4.16 Condition of Property5.18 Solvency 90 Section 5.19 Collateral Documents 90 Section 5.20 Senior Indebtedness 91 Section 5.21 International Trade Laws; Casualties 77 Sanctions 91 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; 5.22 Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Corruption Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 5.23 No Default 92 Section 6.6 Use of Proceeds; Use of Letters of Credit 935.24 Labor Relations 92 ARTICLE VI.

Appears in 1 contract

Samples: Term Loan Credit Agreement (MKS Instruments Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 2 1.02 Other Interpretive Provisions 35 42 1.03 Accounting Terms 43 1.08 Times of Day 44 1.05 Exchange Rates; Currency Equivalents 44 1.06 Additional Alternative Currencies 45 1.07 Change of Currency 45 1.08 Times of Day 46 1.09 Letter of Credit Amounts 46 1.10 [Reserved] 46 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 2.01 Committed Loans 47 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Committed Loans 48 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings50 2.04 Swing Line Loans 57 2.05 Prepayments 60 2.06 Termination or Reduction of Commitments 62 2.07 Repayment of Loans 63 2.08 Interest 63 2.09 Fees 64 2.10 Computations; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Retroactive Adjustments 65 2.11 Evidence of Debt 65 2.12 Payments Generally; Administrative Agent’s Clawback 66 2.13 Sharing of Payments by Lenders 68 2.14 Designated Borrowers 68 2.15 Increase in Commitments 70 2.16 Cash Collateral 72 2.17 Defaulting Lenders 73 2.18 Designated Lenders 75 2.19 Sustainability Adjustments 75 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 3.01 Taxes 76 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 80 3.03 Inability to Determine Rates 81 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 88 3.05 Compensation for Losses 89 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 90 3.07 Survival 90 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 90 4.02 Conditions to all Credit Extensions 92 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 5.01 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 and Power 93 5.02 Authorization; Enforceable Obligations 93 TABLE OF CONTENTS (continued) Page 5.03 Financial Condition 74 Section 4.5 Ownership and LiensCondition; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 No Material Adverse Effect 94 5.04 Taxes 94 5.05 Title to Properties 94 5.06 Litigation 75 Section 4.8 94 5.07 Agreements 95 5.08 ERISA Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 95 5.09 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use 95 5.10 Approvals 96 5.11 Subsidiaries and Affiliates 96 5.12 Environmental Compliance 96 5.13 No Default 96 5.15 Permits and Licenses 96 5.16 Compliance with Law 96 5.17 Disclosure 96 5.18 Labor Disputes and Acts of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; God 97 5.20 Sanctions and Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Corruption Laws 97 5.21 Intellectual Property; Licenses, Etc 78 Etc. 97 5.23 EEA Financial Institutions 97 5.24 Covered Entities 97 5.26 U.K. Pensions 97 ARTICLE V VI. AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 6.01 Financial Statements 97 6.02 Certificates; Other Information 98 6.03 Notices 99 6.04 Payment of Obligations 99 6.05 Preservation of Existence, Etc. 100 6.06 Maintenance of Properties 100 6.07 Maintenance of Insurance 83 Section 5.4 100 6.08 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 100 6.09 Books and Records 100 6.10 Inspection Rights 100 6.11 Use of Proceeds 101 6.12 Additional Subsidiary Guarantors; Additional Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities 101 6.13 Designation as Senior Debt 102 6.14 Approvals and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Authorizations 102 6.15 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 102 6.16 Information Regarding Collateral 102 6.17 Post-Closing Date Obligations 102 6.18 Anti-Corruption Laws 102 ARTICLE VI VII. NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 7.01 Liens 89 Section 6.3 102 7.02 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 104 7.03 Indebtedness 106 7.04 Fundamental Changes 108 7.05 Dispositions 108 7.06 Restricted Payments 110 7.07 Change in Nature of Business 110 7.08 Transactions with Affiliates 110 TABLE OF CONTENTS (continued) Page 7.09 Burdensome Agreements Restricting Liens 93 Section 6.6 111 7.10 Use of Proceeds; Use Proceeds 111 7.11 Financial Covenants 111 7.12 Accounting Policies and Procedures 112 7.13 Subordinated Indebtedness 112 7.14 Seller Indebtedness 112 7.16 Sanctions and Anti-Corruption Laws 112 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 8.01 Events of Letters Default 113 8.02 Remedies Upon Event of Credit 93Default 115 8.03 Application of Funds 115 8.04 Collateral Allocation Mechanism 116 ARTICLE IX. ADMINISTRATIVE AGENT

Appears in 1 contract

Samples: Credit Agreement (Hain Celestial Group Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 33 1.03 Accounting Terms 34 1.04 Rounding 35 1.05 Times of Day 35 1.06 Letter of Credit Amounts 35 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES EXTENSIONS 35 Section 2.1 Commitments 2.01 Loans 35 Section 2.2 Evidence 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 36 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings38 2.04 Swing Line Loans 47 2.05 Prepayments 51 2.06 Termination or Reduction of Commitments 53 2.07 Repayment of Loans 54 2.08 Interest 55 2.09 Fees 56 2.10 Computation of Interest and Fees 56 2.11 Evidence of Debt 57 2.12 Payments Generally; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Administrative Agent’s Clawback 57 2.13 Sharing of Payments by Lenders 59 2.14 Increase in Revolving Credit Commitments 60 2.15 Additional Term Loan Facilities 62 2.16 Cash Collateral 64 2.17 Defaulting Lenders 65 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 68 3.01 Taxes 68 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 72 3.03 Inability to Determine Rates 73 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Costs; Reserves on Eurodollar Rate Loans 73 3.05 Compensation for Losses 75 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 75 3.07 Survival 76 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 76 4.01 Conditions Precedent to Closing Date and Initial Borrowings and the Initial Letter of Borrowing 76 4.02 Conditions to all Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Extensions 79 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 80 5.01 Existence, Qualification and Power 80 5.02 Authorization; No Contravention 80 5.03 Governmental Authorization; Other Consents 80 5.04 Binding Effect 81 5.05 Financial Condition 74 Section 4.5 Ownership and LiensStatements; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 No Material Adverse Effect 81 5.06 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9382 5.07 No Default 82

Appears in 1 contract

Samples: Credit Agreement (Engility Holdings, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 31 Section 1.03 Accounting Terms 32 Section 1.04 Petroleum Terms 32 Section 1.05 Rounding 33 Section 1.06 Times of Day 33 Section 1.07 Letter of Credit Amounts 33 Section 1.08 Available Amount Transactions 33 Section 1.09 Pro Forma Compliance Calculations 33 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 Commitments 35 2.01 Committed Loans 33 Section 2.2 Evidence 2.02 Committed Borrowings, Conversions and Continuations of Indebtedness 37 Committed Loans 33 Section 2.3 2.03 Letters of Credit 37 35 Section 2.4 Swingline Advances 44 2.04 [Reserved] 42 Section 2.5 Borrowings; Procedures and Limitations 2.05 Borrowing Base 42 Section 2.06 Prepayments 45 Section 2.07 Termination or Reduction of Commitments 46 Section 2.08 Repayment of Loans 47 Section 2.6 Prepayments 2.09 Interest 47 Section 2.10 Fees 48 Section 2.11 Computation of Interest and Fees 48 Section 2.12 Evidence of Debt 48 Section 2.13 Payments Generally; Administrative Agent’s Clawback 49 Section 2.14 Sharing of Payments by Lenders 50 Section 2.7 Repayment 52 2.15 Defaulting Lenders 51 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 2.8 Fees 3.01 Taxes 53 Section 2.9 Interest 54 Section 2.10 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 3.03 Inability to Determine Rates 56 Section 2.13 Payments and Computations 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 56 Section 3.05 Compensation for Losses 57 Section 2.14 Taxes 59 Section 2.15 3.06 Mitigation Obligations; Replacement of Lenders 63 58 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 58 ARTICLE III IV CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Existing Credit 69 Agreement 58 Section 3.2 4.02 Conditions Precedent to Each All Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Extensions 61 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 5.01 Existence, Qualification and Power 62 Section 4.2 Authorization 73 5.02 Authorization; No Contravention 62 Section 4.3 Enforceability 74 5.03 Governmental Authorization; Other Consents 62 Section 4.4 5.04 Binding Effect 63 Section 5.05 Financial Condition 74 Statements; No Material Adverse Effect 63 Section 4.5 5.06 Litigation 63 Section 5.07 No Default 64 Section 5.08 Ownership and Liensof Property; Real Property 74 Liens 64 Section 4.6 True and Complete Disclosure 74 5.09 Environmental Compliance 64 Section 4.7 Litigation 75 5.10 Insurance 64 Section 4.8 5.11 Taxes 65 Section 5.12 ERISA Compliance with Agreements 75 65 Section 4.9 Pension Plans 75 5.13 Subsidiaries; Equity Interests; Loan Parties 65 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 5.14 Margin Regulations; Investment Company Act 76 65 Section 4.13 Taxes 76 5.15 Disclosure 66 Section 4.14 Permits5.16 Compliance with Laws 66 Section 5.17 Solvency 66 Section 5.18 Casualty, LicensesEtc 66 Section 5.19 Labor Matters 66 Section 5.20 Collateral Documents 66 Section 5.21 Engineered Oil and Gas Properties 67 Section 5.22 Sale of Production 67 Section 5.23 OFAC 69 Section 5.24 Anti-Corruption Laws 69 Section 5.25 PATRIOT Act 69 ARTICLE VI AFFIRMATIVE COVENANTS Section 6.01 Financial Statements 69 Section 6.02 Certificates; Other Information 71 Section 6.03 Notices 72 Section 6.04 Payment of Obligations 73 Section 6.05 Preservation of Existence, etc 77 Etc 73 Section 4.15 6.06 Maintenance of Properties 73 Section 6.07 Maintenance of Insurance 73 Section 6.08 Compliance with Laws 74 Section 6.09 Books and Records 74 Section 6.10 Inspection Rights 74 Section 6.11 Use of Proceeds 77 74 Section 4.16 Condition of Property; Casualties 77 6.12 Covenant to Guarantee Obligations and Give Security 74 Section 4.17 Insurance 77 6.13 Compliance with Environmental Laws 76 Section 4.18 Security Interest 77 6.14 Further Assurances 76 Section 4.19 OFAC; 6.15 Production Proceeds 76 Section 6.16 Anti-Corruption, Anti-Terrorism and Anti-Money Laundering Laws 77 Section 4.20 Solvency 6.17 Post-Closing Changes 77 Section 6.18 Accounts 77 ARTICLE VII NEGATIVE COVENANTS Section 7.01 Liens 78 Section 4.21 Intellectual Property; Licenses7.02 Investments 80 Section 7.03 Indebtedness 82 Section 7.04 Fundamental Changes 84 Section 7.05 Dispositions 84 Section 7.06 Restricted Payments 86 Section 7.07 Change in Nature of Business 87 Section 7.08 Transactions with Affiliates 87 Section 7.09 Burdensome Agreements 87 Section 7.10 Use of Proceeds 87 Section 7.11 Financial Covenants 87 Section 7.12 Hedge Transactions 88 Section 7.13 Sanctions 88 Section 7.14 Anti-Corruption Laws 89 Section 7.15 Prepayment of Restricted Debt 89 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES Section 8.01 Events of Default 89 Section 8.02 Remedies Upon Event of Default 91 Section 8.03 Application of Funds 92 ARTICLE IX ADMINISTRATIVE AGENT Section 9.01 Appointment and Authority 93 Section 9.02 Rights as a Lender 93 Section 9.03 Exculpatory Provisions 93 Section 9.04 Reliance by Administrative Agent 94 Section 9.05 Delegation of Duties 94 Section 9.06 Resignation of Administrative Agent 94 Section 9.07 Non-Reliance on Administrative Agent and Other Lenders 95 Section 9.08 No Other Duties, Etc 78 95 Section 9.09 Administrative Agent May File Proofs of Claim 96 Section 9.10 Collateral and Guaranty Matters 96 Section 9.11 Flood Insurance 97 Section 9.12 Intercreditor Agreements 97 ARTICLE V AFFIRMATIVE COVENANTS 78 X MISCELLANEOUS Section 5.1 Organization 78 10.01 Amendments, Etc 98 Section 5.2 Reporting 79 10.02 Notices; Effectiveness; Electronic Communication 99 Section 5.3 Insurance 83 10.03 No Waiver; Cumulative Remedies 101 Section 5.4 10.04 Expenses; Indemnity; Damage Waiver 101 Section 10.05 Payments Set Aside 103 Section 10.06 Successors and Assigns 103 Section 10.07 Treatment of Certain Information; Confidentiality 107 Section 10.08 Right of Setoff 108 Section 10.09 Interest Rate Limitation 108 Section 10.10 Counterparts; Integration; Effectiveness 109 Section 10.11 Survival of Representations and Warranties 109 Section 10.12 Severability 109 Section 10.13 Replacement of Lenders 109 Section 10.14 Governing Law; Jurisdiction; Etc 110 Section 10.15 Waiver of Jury Trial 111 Section 10.16 No Advisory or Fiduciary Responsibility 111 Section 10.17 USA PATRIOT Act Notice 112 Section 10.18 Electronic Execution of Assignments and Certain Other Documents 112 Section 10.19 Amendment and Restatement 112 Section 10.20 Keepwell 112 Schedules and Exhibits Schedule 2.01 Commitments and Applicable Percentages Schedule 5.03 Governmental Authorizations Schedule 5.06 Litigation Schedule 5.09 Environmental Matters Schedule 5.13 Subsidiaries, Other Equity Investments and Loan Party Information Schedule 5.22 Sale of Production Schedule 7.01 Existing Liens Schedule 7.02 Existing Investments Schedule 7.03 Existing Indebtedness Schedule 10.02 Administrative Agent’s Office; Certain Addresses for Notices Exhibit A Form of Committed Loan Notice Exhibit B Form of Prepayment Notice Exhibit C Form of Note Exhibit D Form of Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Certificate Exhibit E Form of Assignment and Assumption Exhibit F Form of Solvency Certificate Exhibit G Form of Guaranty Exhibit H Form of Mortgage Exhibit I Form of Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance Agreement Exhibit J Form of Property 85 Section 5.10 Deposit Accounts; Securities Convertible Notes Intercreditor Agreement AMENDED AND RESTATED CREDIT AGREEMENT This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of February 10, 2017 among XXXXXXXXX ENERGY, INC., a Delaware corporation (the “Borrower”), each LENDER from time to time party hereto (collectively, the “Lenders” and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93individually, a “Lender”) and ROYAL BANK OF CANADA., as Administrative Agent and an L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 37 Section 1.03 Accounting Terms and Determinations 38 Section 1.04 Rounding 38 Section 1.05 Times of Day 38 Section 1.06 Currency Equivalents Generally 39 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 2.01 The Loans 39 Section 2.02 Borrowings and Continuations of Loans 39 Section 2.03 [Reserved] 40 Section 2.04 [Reserved] 40 Section 2.05 Prepayments 40 Section 2.06 Termination or Reduction of Commitments 35 41 Section 2.2 2.07 Repayment of Loans 41 Section 2.08 Interest 42 Section 2.09 Fees 42 Section 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Margin and Applicable Fee Rate 42 Section 2.11 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Debt 43 Section 2.12 Increased Costs 56 Payments Generally; Administrative Agent’s Clawback 43 Section 2.13 Sharing of Payments and Computations 57 by Lenders 45 ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 2.14 3.01 Taxes 59 45 Section 2.15 3.02 Illegality 48 Section 3.03 Inability to Determine Rates 48 Section 3.04 Increased Costs; Reserves on Loans 48 Section 3.05 Compensation for Losses 49 Section 3.06 Mitigation Obligations; Replacement of Lenders 63 50 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 50 ARTICLE III IV CONDITIONS PRECEDENT 69 Section 3.1 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter Effectiveness of Credit 69 this Agreement 50 Section 3.2 Conditions Precedent to Each Credit Extension 72 4.02 Certain Funds Period 51 Section 3.3 4.03 Determinations Under Section 3.1 Sections 4.01 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 934.02 52

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 32 1.03 Accounting Terms 33 1.04 Rounding 34 1.05 Times of Day 34 1.06 Letter of Credit Amounts 34 1.07 Pro Forma Calculations 34 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS 34 2.01 Committed Loans 34 2.02 Borrowings, Conversions and Continuations of Committed Loans 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings2.04 Swing Line Loans 46 2.05 Prepayments 49 2.06 Termination or Reduction of Commitments 50 2.07 Repayment of Loans 51 2.08 Interest 51 2.09 Fees 52 2.10 Computation of Interest and Fees 52 2.11 Evidence of Debt 53 2.12 Payments Generally; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest Administrative Agent’s Clawback 54 Section 2.10 2.13 Sharing of Payments by Lenders 55 2.14 Increase in Commitments 56 2.15 Cash Collateral 57 2.16 Defaulting Lenders 59 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 61 3.01 Taxes 61 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 67 3.03 Inability to Determine Rates 67 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 68 3.05 Compensation for Losses 70 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Lenders; Like Treatment 71 3.07 Survival 72 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO Credit Extensions 72 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 4.02 Conditions to all Credit Extensions 74 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 75 5.01 Existence, Qualification and Power 75 5.02 Authorization; No Contravention 75 5.03 Governmental Authorization; Other Consents 75 5.04 Binding Effect 75 - i - TABLE OF CONTENTS 5.05 Financial Condition 74 Section 4.5 Ownership and LiensStatements; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 No Material Adverse Effect 75 5.06 Litigation 75 Section 4.8 5.07 No Default 75 5.08 Ownership of Property; Liens 75 5.09 Environmental Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 5.10 Insurance 76 Section 4.12 5.11 Taxes 76 5.12 ERISA Compliance 76 5.13 Subsidiaries; Equity Interests; Guarantors 78 5.14 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; 78 5.15 Disclosure 79 5.16 Compliance with Laws 79 5.17 Taxpayer Identification Number 79 5.18 OFAC 79 5.19 Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 Corruption Laws 80 ARTICLE V VI. AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 80 6.01 Financial Statements 80 6.02 Certificates; Other Information 81 6.03 Notices 83 6.04 Payment of Obligations 83 6.05 Preservation of Existence, Etc. 83 6.06 Maintenance of Properties; Office 84 6.07 Maintenance of Insurance 83 Section 5.4 84 6.08 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 6.09 Books and Records 85 Section 5.8 Records; 6.10 Inspection Rights 85 Section 5.9 Maintenance 6.11 Use of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts Proceeds 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 6.12 Further Assurances 86 6.13 Additional Guarantors; Guaranty Trigger Event 86 6.14 Anti-Corruption Laws 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI VII. NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 87 7.01 Liens 87 7.02 Investments 89 Section 6.3 Investments 7.03 Indebtedness 91 Section 6.4 Acquisitions 92 Section 6.5 7.04 Fundamental Changes 93 7.05 Dispositions 94 7.06 Restricted Payments 96 7.07 Transactions with Affiliates and Subsidiaries 97 7.08 Burdensome Agreements Restricting Liens 93 Section 6.6 98 7.09 Use of Proceeds; Use of Letters of Credit 93Proceeds 99 7.10 Financial Covenants 99 7.11 United States Cellular Corporation 100 7.12 Governmental Programs 100 7.13 Sanctions 100 TABLE OF CONTENTS 7.14 Anti-Corruption Laws 100 7.15 Guarantees 100

Appears in 1 contract

Samples: Credit Agreement (Telephone & Data Systems Inc /De/)

Definitions and Accounting Terms. 1 Section 1.1 1.01. Certain Defined Terms 1 2 Section 1.2 1.02. Computation of Time Periods 34 51 Section 1.3 1.03. Accounting Terms; Changes in GAAP 34 Terms 51 Section 1.4 Classes 1.04. Terms Generally 52 Section 1.05. [Reserved] 52 Section 1.06. Certain Additional Committed Currencies 53 Section 1.07. Pro Forma Calculations 54 Section 1.08. Classification of Loans and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 Borrowings 55 ARTICLE II AMOUNTS AND TERMS OF THE TRANCHE B LOANS, TRANCHE B2 LOANS, TERM ADVANCES, REVOLVING CREDIT FACILITIES 35 ADVANCES AND LETTERS OF CREDIT Section 2.1 Commitments 35 2.01. The Tranche B Loans 55 Section 2.2 Evidence 2.02. Making the Advances 58 Section 2.03. Issuance of Indebtedness 37 Section 2.3 and Drawings and Reimbursement Under Letters of Credit 37 59 Section 2.4 Swingline 2.04. Fees 63 Section 2.05. Optional Termination or Reduction of the Commitments 64 Section 2.06. Repayment of Advances 44 and Letter of Credit Drawings 64 Section 2.5 Borrowings; Procedures and Limitations 47 2.07. Interest on Advances 66 Section 2.6 2.08. Interest Rate Determination 67 Section 2.09. Optional Conversion of Advances 70 Section 2.10. Prepayments 50 of Advances 70 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 2.11. Increased Costs 56 73 Section 2.13 2.12. Illegality 74 Section 2.13. Payments and Computations 57 75 Section 2.14 2.14. Taxes 59 77 Section 2.15 2.15. Sharing of Payments, Etc. 81 Section 2.16. Evidence of Debt 81 Section 2.17. Use of Proceeds 82 Section 2.18. Mitigation Obligations; Replacement of Lenders 63 83 Section 2.16 Increase in Commitments 64 2.19. Cash Collateral 84 Section 2.17 2.20. Defaulting Lender Provisions 65 Lenders 85 Section 2.18 Borrowing Base Adjustments 68 2.21. [Reserved] 88 Section 2.22. Extension of Termination Date 88 * The Table of Contents is not part of this Agreement. Section 2.23. Incremental Facilities 89 Section 2.24. Specified Refinancing Debt 93 ARTICLE III CONDITIONS PRECEDENT 69 TO EFFECTIVENESS AND LENDING Section 3.1 3.01. Conditions Precedent to Initial Borrowings and Effectiveness 94 Section 3.02. Conditions Precedent to a Borrowing on the Initial Letter of Credit 69 Engility Closing Date 99 Section 3.2 3.03. Conditions Precedent to a Borrowing on the Fall-Away Date 102 Section 3.04. Conditions Precedent to Each Revolving Credit Extension 72 Section 3.3 Determinations Under Section 3.1 Borrowing and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Issuance 102

Appears in 1 contract

Samples: Second Amendment (Science Applications International Corp)

Definitions and Accounting Terms. RULES OF CONSTRUCTION 1 Section 1.1 Certain Defined Terms 1.01 DEFINITIONS AND RULES OF CONSTRUCTION 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 1.02 COMPUTATION OF TIME PERIODS 10 1.03 ACCOUNTING TERMS 10 1.04 PRINCIPLES OF CONSTRUCTION 10 ARTICLE II THE CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section FACILITY 11 2.01 LOANS 11 2.02 PROCEDURE FOR BORROWING 11 2.03 CONVERSION AND CONTINUATION 11 2.04 EVIDENCE OF INDEBTEDNESS, NOTE 12 2.05 PREPAYMENTS 12 2.06 REDUCTION OR TERMINATION OF COMMITMENT 13 2.07 FEES 13 2.08 INTEREST RATES AND PAYMENTS DATES 13 2.09 INTEREST AND FEE BASIS 14 2.10 Illegality 55 Section METHOD OF PAYMENT 15 2.11 Breakage Costs 55 Section EXTENSION OF COMMITMENT 15 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ADJUSTMENTS TO VALUE 15 ARTICLE III CHANGE IN CIRCUMSTANCES 16 3.01 YIELD PROTECTION 16 3.02 CHANGES IN CAPITAL ADEQUACY REGULATIONS 16 3.03 AVAILABILITY OF EURODOLLAR LOANS 17 3.04 FUNDING REIMBURSEMENT 17 3.05 TAXES 17 3.06 LENDER STATEMENTS, SURVIVAL OF INDEMNITY 18 ARTICLE IV CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 18 4.01 CONDITIONS PRECEDENT TO INITIAL LOAN 18 4.02 CONDITIONS PRECEDENT TO EACH LOAN 20 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens21 5.01 EXISTENCE AND GOOD STANDING; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 PermitsTRUST AGREEMENT; SUBSIDIARIES 21 5.02 POWER AND AUTHORITY; NO CONFLICT 21 5.03 NO FILINGS OR APPROVALS 22 5.04 EXECUTION; VALIDITY 22 5.05 FINANCIAL STATEMENTS; NO MATERIAL ADVERSE EFFECT 22 5.06 NO LITIGATION 22 5.07 NOT A REGULATED BORROWER 23 5.08 COMPLIANCE WITH LAW, LicensesAGREEMENTS, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of PropertyETC. 23 5.09 GOOD TITLE 23 5.10 TAXES 23 (i) 5.11 MARGIN REGULATIONS 24 5.12 MATERIAL ADVERSE EFFECT 24 5.13 NO IMMUNITY FROM JURISDICTION 24 5.14 RANKING OF LOANS; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 DEBT 24 5.15 MANAGEMENT AGREEMENT 24 5.16 DAIN ACCOUNT 24 5.17 ACCURATE INFORMATION 25 ARTICLE V VI COVENANTS 25 6.01 AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI 25 6.02 NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 29 ARTICLE VII DEFAULTS 32 7.01 EVENTS OF DEFAULT 32 ARTICLE VIII GUARANTY 34 8.01 GUARANTY BY GUARANTOR 34 8.02 OBLIGATIONS UNCONDITIONAL 35 8.03 STAY OF ACCELERATION 36 8.04 SUBROGATION 36 8.05 SUBORDINATION 36 8.06 CUMULATIVE REMEDIES 36 8.07 WAIVERS 36 8.08 SURVIVAL OF GUARANTY 37 ARTICLE IX MISCELLANEOUS 37 9.01 AMENDMENTS AND WAIVERS 37 9.02 NOTICES 37 9.03 PRESERVATION OF RIGHTS 38 9.04 EXPENSES; INDEMNITY 39 9.05 BINDING EFFECT 39 9.06 SUCCESSORS AND ASSIGNS; PARTICIPATIONS 39 9.07 JUDGMENT CURRENCY 40 9.08 SEVERABILITY 41 9.09 COUNTERPARTS 41 9.10 SURVIVAL 41 9.11 NO FIDUCIARY RELATIONSHIP; NO JOINT VENTURE 41 9.12 RIGHT OF SET-OFF 41 9.13 ENTIRE AGREEMENT 42 9.14 GOVERNING LAW 42 9.15 SUBMISSION TO JURISDICTION; WAIVER OF IMMUNITY 42 9.16 CUSTOMER IDENTIFICATION PROGRAM REQUIREMENTS 42 9.17 RECORDINGS 43 9.18 WAIVER OF JURY TRIAL 43 9.19 WAIVER OF CERTAIN CLAIMS 43 (ii) EXHIBITS Exhibit A: Form of Note Exhibit B: Form of Notice of Borrowing Exhibit C: Form of Notice of Conversion Exhibit D: Form of Request for Extension SCHEDULES Schedule 5.01: Subsidiaries Schedule 5.09: Existing Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Schedule 5.14: Existing Debt

Appears in 1 contract

Samples: Credit Agreement (Alesco Financial Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02. Other Interpretive Provisions 35 43 1.03. Accounting Terms 44 1.04. Rounding 44 1.05. Times of Day; Rates 4544 1.06. Currency Equivalents Generally 45 1.07. Concurrent Fixed/Ratio Basket Usage 45 1.08. Limited Condition Transactions 4645 1.09. Cashless Settlement 4746 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 EXTENSIONS 2.01. The Loans 47 2.02. Borrowings, Conversions and Continuations of Loans 47 2.03. Prepayments 48 2.04. Termination of Commitments 35 Section 2.2 52 2.05. Repayment of Loans 52 2.06. Interest 52 2.07. Fees 53 2.08. Computation of Interest and Fees 53 2.09. Evidence of Indebtedness 37 Section 2.3 Letters Debt 53 2.10. Payments Generally; Administrative Agent’s Clawback 53 2.11. Sharing of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 BorrowingsPayments by Lenders 55 2.12. Refinancing Amendment 56 2.13. Incremental Facilities 5756 2.14. Extension of Term Loans 6059 2.15. Defaulting Lenders 6261 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 3.01. Taxes 6362 3.02. Illegality 66 3.03. Inability to Determine Rates 67 3.04. Increased Costs; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Reserves on Eurodollar Rate Loans 6867 3.05. Compensation for Losses 69 3.06. Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 69 3.07. Survival 70 3.08. Successor LIBOR 70 ARTICLE III IV CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 4.01. Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 71 4.02. Conditions to All Credit Extensions 7374 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 5.01. Existence, Qualification and Power 74 Section 4.4 5.02. Authorization; No Contravention 74 5.03. Governmental Authorization; Other Consents 75 5.04. Binding Effect 75 5.05. Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 75 5.06. Litigation 76 5.07. No Default 76 5.08. Ownership and of Property; Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Investments 76 5.09. Environmental Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 77 5.10. Insurance 78 5.11. Taxes 78 5.12. ERISA Compliance 78 5.13. Restricted Subsidiaries; Equity Interests; Loan Parties 79 5.14. Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 79 5.15. Disclosure 79 5.16. Compliance with Laws 80 5.17. Intellectual Property; Licenses, Etc 78 80 5.18. Solvency 80 5.19. OFAC 80 5.20. Anti-Corruption Laws 80 5.21. Money Laundering and Counter-Terrorist Financing Laws 8081 5.22. EEA Financial Institution 81 5.23. ERISA 81 5.24. Beneficial Ownership Certification 81 ARTICLE V VI AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 6.01. Financial Statements 81 6.02. Certificates; Other Information 82 6.03. Notices 8483 6.04. Payment of Obligations 84 6.05. Preservation of Existence, Etc 84 6.06. Maintenance of Properties 85 6.07. Maintenance of Insurance 83 Section 5.4 85 6.08. Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 85 6.09. Books and Records 85 6.10. Inspection Rights 85 6.11. Use of Proceeds 86 6.12. Covenant to Guarantee Obligations and Give Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 86 6.13. Compliance with Environmental Laws 90 6.14. Further Assurances 90 6.15. Information Regarding Collateral 91 6.16. Anti-Corruption Laws and Sanctions 91 6.17. Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Ratings 91 6.18. Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Subsidiaries 91 ARTICLE VI VII NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 7.01. Liens 89 Section 6.3 92 7.02. Indebtedness 96 7.03. Investments 91 Section 6.4 Acquisitions 92 Section 6.5 103 7.04. Fundamental Changes 106 7.05. Dispositions 107106 7.06. Dividends 109 7.07. Change in Nature of Business 111 7.08. Transactions with Affiliates 111 7.09. Burdensome Agreements Restricting Liens 93 Section 6.6 111 7.10. Use of Proceeds; Use Proceeds 112 7.11. Sanctions 113112 7.12. Prohibition on Division/Series Transactions 113112 7.13. Accounting Changes 113 7.14. Prepayments, Etc. of Letters Indebtedness 113 7.15. Amendment, Etc. of Credit 93Indebtedness and Organizational Documents 114 7.16. Anti-Corruption Laws 115 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 8.01. Events of Default 115 8.02. Remedies upon Event of Default 118117 8.03. Application of Funds 118 ARTICLE IX ADMINISTRATIVE AGENT 9.01. Appointment and Authority 119118 9.02. Rights as a Lender 119 9.03. Exculpatory Provisions 119 9.04. Reliance by Administrative Agent 120 9.05. Delegation of Duties 121120

Appears in 1 contract

Samples: Credit Agreement (Ciena Corp)

Definitions and Accounting Terms. 1 Section 1.1 2 SECTION 1.01. Certain Defined Terms 1 Section 1.2 2 SECTION 1.02. Computation of Time Periods 34 Section 1.3 23 SECTION 1.03. Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Terms 23 SECTION 1.04. Permitted Liens 2423 SECTION 1.05. Other Interpretive Provisions 35 24 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence AMOUNTS AND TERMS OF THE LOANS 24 SECTION 2.01. The Loans 24 SECTION 2.02. Making the Loans 24 SECTION 2.03. Fees 2524 SECTION 2.04. Repayment of Indebtedness 37 Section 2.3 Letters Loans 25 SECTION 2.05. Interest on Loans 25 SECTION 2.06. Interest Rate Determination 25 SECTION 2.07. Optional Conversion of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Loans 2726 SECTION 2.08. Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 of Loans 27 SECTION 2.09. Increased Costs 56 Section 2.13 29 SECTION 2.10. Illegality 30 SECTION 2.11. Payments and Computations 57 Section 2.14 30 SECTION 2.12. Taxes 59 Section 2.15 Mitigation Obligations; 31 SECTION 2.13. Sharing of Payments, Etc 34 SECTION 2.14. Evidence of Debt 35 SECTION 2.15. Use of Proceeds 35 SECTION 2.16. Defaulting Lenders 35 SECTION 2.17. Replacement of Certain Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 35 SECTION 2.18. [Reserved] 36 SECTION 2.19. [Reserved] 36 SECTION 2.20. Effect of Conversion to Exit Facility 36 SECTION 2.21. Certain Pledges of Stock 36 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 TO EFFECTIVENESS AND LENDING 3736 SECTION 3.01. Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 3736 SECTION 3.02. Determinations Under Section 3.1 and Section 3.2 73 this Agreement 38 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 38 SECTION 4.01. Representations and Warranties of the Company 38 ARTICLE V COVENANTS OF THE COMPANY 4342 SECTION 5.01. Affirmative Covenants 4342 SECTION 5.02. Negative Covenants 49 SECTION 5.03. Financial Covenants 57 ARTICLE VI EVENTS OF DEFAULT 5958 SECTION 6.01. Events of Default 5958 SECTION 6.02. Application of Funds; Intercreditor Provisions 61 ARTICLE VII GUARANTY 62 SECTION 7.01. Guaranty; Limitation of Liability 62 SECTION 7.02. Guaranty Absolute 63 SECTION 7.03. Waivers and Acknowledgments 64 SECTION 7.04. Subrogation 6564 SECTION 7.05. Guaranty Supplements 65 SECTION 7.06. Subordination 6665 SECTION 7.07. Continuing Guaranty; Assignments 66 ARTICLE VIII THE AGENT 6766 SECTION 8.01. Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and LiensAction 6766 SECTION 8.02. Agent Individually 67 SECTION 8.03. Duties of Agent; Real Property 74 Section 4.6 True Exculpatory Provisions 68 SECTION 8.04. Reliance by Agent 69 SECTION 8.05. Indemnification 69 SECTION 8.06. Delegation of Duties 7069 SECTION 8.07. Resignation of Agent 70 SECTION 8.08. Non-Reliance on Agent and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 PermitsOther Lenders 70 SECTION 8.09. Agent May File Proofs of Claim 71 SECTION 8.10. Intercreditor Agreement 7271 ARTICLE IX MISCELLANEOUS 72 SECTION 9.01. Amendments, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesWaivers 72 SECTION 9.02. Notices, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 7372 SECTION 9.03. No Waiver; Remedies 74 SECTION 9.04. Costs and Expenses 75 SECTION 9.05. Payments Set Aside 76 SECTION 9.06. Right of Set-off 7776 SECTION 9.07. Binding Effect 77 SECTION 9.08. Assignments and Participations 77 SECTION 9.09. Confidentiality 80 SECTION 9.10. Execution in Counterparts 81 SECTION 9.11. Survival of Representations and Warranties 81 SECTION 9.12. Severability 81 SECTION 9.13. Jurisdiction 8281 SECTION 9.14. PATRIOT Act Notice 8382 SECTION 9.15. Release of Collateral; Termination of Loan Documents 8382 SECTION 9.16. Judgment Currency 83 Section 5.4 Compliance with Laws SECTION 9.17. No Fiduciary Duty 8483 SECTION 9.18. Electronic Execution of Assignments and Certain Other Documents 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Schedules Exhibits Schedule II - Subsidiary Guarantors and Material Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Schedule 1.01(a) - Existing Secured Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Schedule 1.01(b) - Other Existing Letters of Credit 93Schedule 2.01(a) - First Lien Loans Schedule 2.01(b) - Junior Loans Schedule 4.01(f) - Certain Proceedings Schedule 4.01(m) - Material Real Properties Schedule 4.01(q) - Deposit Accounts Schedule 4.01(r) - Material CFCs Schedule 5.01(m) - Foreign Security Interests Schedule 5.01(n) - Post-Closing Obligations Schedule 5.02(a) - Existing Liens Schedule 5.02(d) - Existing Debt Schedule 5.02(e) - Sales, Transfers and Other Dispositions Schedule 5.02(i)(iii) - Existing Intercompany Investments Schedule 5.02(1) - Certain Restrictions Schedule 5.02(o) - Sale Leaseback Transactions Schedule 6.01(f) - Judgments Schedule 9.02 - Agent’s Office; Certain Address for Notices Exhibit A - Form of Term Note Exhibit B - Form of Notice of Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Security Agreement Exhibit F - Form of Guaranty Supplement Exhibit G - Form of Intercreditor Agreement LOAN AGREEMENT This LOAN AGREEMENT, dated as of [ ], 2013, among XXXXXXX KODAK COMPANY, a New Jersey corporation (the “Company”), the U.S. Subsidiaries of the Company party hereto, as Guarantors, the banks, financial institutions and other institutional lenders from time to time party hereto (the “Lenders”), and Wilmington Trust, National Association, as administrative agent and collateral agent for the Lenders. INTRODUCTORY STATEMENT On January 19, 2012 (the “Petition Date”), the Company (such term and each other capitalized term used but not otherwise defined herein having the meaning assigned to it in Section 1.01) and each of the U.S. Subsidiary Guarantors (collectively, the “Debtors”) filed voluntary petitions with the Bankruptcy Court initiating their respective cases that are pending under Chapter 11 of the Bankruptcy Code (the cases of the Company and the U.S. Subsidiary Guarantors, each a “Case” and collectively, the “Cases”) and continued in the possession of their assets and in the management of their business pursuant to Sections 1107 and 1108 of the Bankruptcy Code. Certain of the Lenders provided the Company with certain debtor-in-possession term loan facilities in an aggregate principal amount of $[843,650848,200,000], consisting of (i) first lien “first out”new money term loans in the aggregate principal amount of $$[473,200,000,000, (ii) first lien “last out” term loans in the aggregate principal amount of $[268,650,000],] and (iii) second lien term loans in the aggregate principal amount of $375,000,000, which were deemed made in exchange for certain Second Lien Debt (defined below).

Appears in 1 contract

Samples: Loan Agreement

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 2 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02. Other Interpretive Provisions 35 88 Section 1.03. Accounting Terms 88 Section 1.04. Rounding 89 Section 1.05. References to Agreements and Laws 89 Section 1.06. Times of Day 90 Section 1.07. Timing of Payment or Performance 90 Section 1.08. Currency Equivalents Generally 90 Section 1.09. Letter of Credit Amounts 90 Section 1.10. Pro Forma Calculations 90 Section 1.11. Calculation of Baskets 93 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 2.01. The Loans 93 Section 2.02. Borrowings, Conversions and Continuations of Loans 94 Section 2.03. Letters of Credit 97 Section 2.04. Swing Line Loans 107 Section 2.05. Prepayments 110 Section 2.06. Termination or Reduction of Commitments 35 126 Section 2.2 2.07. Repayment of Loans 128 Section 2.08. Interest 128 Section 2.09. Fees 129 Section 2.10. Computation of Interest and Fees 130 Section 2.11. Evidence of Indebtedness 37 131 Section 2.3 Letters 2.12. Payments Generally; Administrative Agent’s Clawback 132 Section 2.13. Sharing of Payments 134 Section 2.14. Incremental Facilities 135 Section 2.15. Extension of Term Loans and Revolving Credit 37 Commitments 138 Section 2.4 Swingline Advances 44 2.16. Permitted Debt Exchanges 142 Section 2.5 Borrowings2.17. New Incremental Indebtedness 144 Section 2.18. Cash Collateral 146 Section 2.19. Defaulting Lenders 147 Section 2.20. Specified Refinancing Debt 150 Table of Contents (continued) Page ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01. Taxes 152 Section 3.02. Illegality 157 Section 3.03. Inability to Determine Rates 158 Section 3.04. Increased Cost and Reduced Return; Procedures and Limitations 47 Capital Adequacy 158 Section 2.6 Prepayments 50 3.05. Funding Losses 160 Section 2.7 Repayment 52 3.06. Matters Applicable to All Requests for Compensation 160 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; 3.07. Replacement of Lenders 63 under Certain Circumstances 162 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.08. Survival 164 ARTICLE III IV CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01. Conditions Precedent to Initial Borrowings and the Initial Letter of Closing Date 164 Section 4.02. Conditions to All Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Extensions 169 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93V

Appears in 1 contract

Samples: Assignment and Assumption (Tribune Media Co)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 13 1.03 Accounting Terms 14 1.04 INTENTIONALLY OMITTED 14 1.05 Times of Day 14 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 EXTENSIONS 14 2.01 Loans 14 2.02 INTENTIONALLY OMITTED 15 2.03 INTENTIONALLY OMITTED 15 2.04 INTENTIONALLY OMITTED 15 2.05 INTENTIONALLY OMITTED 15 2.06 INTENTIONALLY OMITTED 15 2.07 INTENTIONALLY OMITTED 15 2.08 INTENTIONALLY OMITTED 15 2.09 Prepayments 16 2.10 Mandatory Prepayment 16 2.11 INTENTIONALLY OMITTED 17 2.12 INTENTIONALLY OMITTED 17 2.13 Interest; Repayment of Loans 17 2.14 INTENTIONALLY OMITTED 18 2.15 Fees 18 2.16 Computation of Interest and Fees 18 2.17 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Debt 19 2.18 Payments Generally 19 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 19 3.01 Taxes 19 3.02 INTENTIONALLY OMITTED 20 3.03 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 20 3.04 INTENTIONALLY OMITTED 21 3.05 INTENTIONALLY OMITTED 21 3.06 Survival 21 ARTICLE III IV CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 21 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 21 4.02 Conditions to all Credit Extensions 25 4.03 INTENTIONALLY OMITTED 25 4.04 Conditions of Loans 25 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership 27 5.01 Existence, Qualification and LiensPower; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition Laws 27 5.02 Authorization; No Contravention 27 5.03 Governmental Authorization; Other Consents 27 5.04 Binding Effect 28 5.05 Financial Statements; No Material Adverse Effect 28 5.06 Litigation 28 5.07 No Default 28 5.08 Ownership of Property; Casualties 77 Section 4.17 Liens 29 5.09 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC29 5.10 Taxes 29 5.11 ERISA Compliance 29 5.12 Subsidiaries 30 5.13 Margin Regulations; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Investment Company Act; Public Utility Holding Company Act 30 5.14 Disclosure 30 5.15 Compliance with Laws 30 5.16 Intellectual Property; Licenses, Etc 78 Etc. 31 5.17 Rights in Collateral; Priority of Liens 31 5.18 INTENTIONALLY OMITTED 31 5.19 Patriot Act, Etc. 31 5.20 Business Interruptions 31 5.21 Acquisitions, Names and Organization Numbers 31 5.22 Solvency 32 5.23 Common Enterprise 32 5.24 Senior Financing 33 5.25 MELF Financing 33 5.26 Location of Collateral 33 ARTICLE V VI AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 33 6.01 Financial Statements 33 6.02 Certificates; Other Information 34 6.03 Notices 35 6.04 Payment of Obligation 35 6.05 Preservation of Existence, Etc. 35 6.06 Maintenance of Properties 35 6.07 Maintenance of Insurance 83 Section 5.4 36 6.08 Compliance with Contractual Obligations and Laws 84 Section 5.5 Taxes 84 Section 5.6 36 6.09 Books and Records 36 6.10 Inspection Rights 37 6.11 Use of Proceeds 37 6.12 Employment Objective 37 6.13 Guarantor 37 6.14 Collateral Records 37 6.15 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance Interests 37 6.16 ERISA Matters 38 6.17 INTENTIONALLY OMITTED 38 6.18 Prevailing Wages and Applicable Law related to Funding Sources 38 6.19 Affiliate Indebtedness 38 6.20 Additional Documents and Future Actions 38 6.21 City of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Philadelphia Code 38 6.22 Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Financing 38 6.23 MELF Financing 39 6.24 RACP Grant 39 ARTICLE VI VII NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 39 7.01 Liens 89 Section 6.3 Investments 91 Section 6.4 39 7.02 INTENTIONALLY OMITTED 40 7.03 Indebtedness 40 7.04 Acquisitions 92 Section 6.5 41 7.05 Guarantees 41 7.06 Fundamental Changes 41 7.07 Sublease or Disposition of Navy Yard Property 42 7.08 INTENTIONALLY OMITTED 42 7.09 Change in Nature of Business 42 7.10 INTENTIONALLY OMITTED 42 7.11 Burdensome Agreements Restricting Liens 93 Section 6.6 42 7.12 Use of Proceeds; Use of Letters of Credit 93Proceeds 42 7.13 Patriot Act, Etc. 43 7.14 INTENTIONALLY OMITTED 43 7.15 Tax Returns 43 ii

Appears in 1 contract

Samples: Credit Agreement (Tasty Baking Co)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 29 1.03 Accounting Terms 30 1.04 Rounding 31 1.05 Times of Day 31 1.06 Letter of Credit Amounts 31 1.07 Exchange Rates; Currency Equivalents 31 1.08 Additional Alternative Currencies 31 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 EXTENSIONS 32 2.01 Letters of Credit 37 Section 2.4 Swingline Advances 32 2.02 Cash Collateralization Requirement 42 2.03 Termination or Reduction of Commitments 42 2.04 Interest 43 2.05 Commitment Fee and Early Termination Fee 43 2.06 Computation of Interest and Fees 44 Section 2.5 Borrowings2.07 Evidence of Debt 44 2.08 Payments Generally; Procedures and Limitations 47 Section 2.6 Prepayments Administrative Agent’s Clawback 44 2.09 Sharing of Payments by Participating Banks 46 2.10 [Reserved] 46 2.11 [Reserved] 46 2.12 Cash Collateral 46 2.13 Defaulting Participating Banks 48 2.14 Respective Obligations of Credit Parties; Additional Credit Parties 50 Section 2.7 Repayment 2.15 ESG Amendment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 2.16 Sustainability Coordinator 52 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 52 3.01 Taxes 52 3.02 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 3.03 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Participating Banks 58 3.04 Survival 59 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 59 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Effectiveness 59 4.02 Conditions to all Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Extensions 61 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 62 5.01 Existence, Qualification and Power 62 5.02 Authorization; No Contravention 62 5.03 Governmental Authorization; Other Consents 62 5.04 Binding Effect 62 5.05 Financial Condition 74 Section 4.5 Statements 62 5.06 Litigation 63 5.07 No Event of Default 63 5.08 Ownership and Liensof Property 63 5.09 Taxes 63 5.10 ERISA Compliance 63 5.11 Margin Regulations; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 64 5.12 Disclosure 64 5.13 Compliance with Laws 65 5.14 Anti-Corruption Laws and Sanctions 65 5.15 Plan Assets; Prohibited Transactions 65 5.16 Pari Passu Status 65 ARTICLE VI. AFFIRMATIVE COVENANTS 66 6.01 Financial Statements 66 6.02 Certificates; Other Information 66 6.03 Notices 69 6.04 Payment of Taxes 76 Section 4.14 Permits69 6.05 Preservation of Existence, Licenses, etc 77 Section 4.15 Etc. 69 6.06 Maintenance of Properties 69 6.07 Maintenance of Insurance 70 6.08 Compliance with Laws 70 6.09 Books and Records 70 6.10 Inspection Rights 70 6.11 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 70 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI VII. NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 71 7.01 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 71 7.02 Indebtedness 71 7.03 Merger or Consolidation 71 7.04 Dispositions 71 7.05 Transactions with Affiliates 71 7.06 Financial Covenants 72 7.07 Line of Business 72 7.08 Use of Proceeds; Use Proceeds 72 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 72 8.01 Events of Letters Default 72 8.02 Remedies Upon Event of Credit 93Default 75 8.03 Application of Funds 75 ARTICLE IX. ADMINISTRATIVE AGENT 76 9.01 Appointment and Authority 76 9.02 Rights as a Participating Bank 77 9.03 Exculpatory Provisions 77 9.04 Reliance by Administrative Agent 78 9.05 Delegation of Duties 79 9.06 Resignation of Administrative Agent 79 9.07 Non-Reliance on the Administrative Agent and the Other Participating Banks 81 9.08 No Other Duties, Etc. 81

Appears in 1 contract

Samples: Credit Reimbursement Agreement (Reinsurance Group of America Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 40 Section 1.03 Accounting Terms and Determinations 40 Section 1.04 Rounding 41 Section 1.05 Times of Day 41 Section 1.06 Currency Equivalents Generally 41 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 2.01 The Loans 41 Section 2.02 Borrowings and Continuations of Loans 42 Section 2.03 [Reserved] 42 Section 2.04 [Reserved] 42 Section 2.05 Prepayments 42 Section 2.06 Termination or Reduction of Commitments 35 43 Section 2.2 2.07 Repayment of Loans 44 Section 2.08 Interest 44 Section 2.09 Fees 45 Section 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Margin and Applicable Fee Rate 45 Section 2.11 Evidence of Indebtedness 37 Debt 45 Section 2.3 Letters 2.12 Payments Generally; Administrative Agent’s Clawback 46 Section 2.13 Sharing of Credit 37 Payments by Lenders 47 ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 2.4 Swingline Advances 44 3.01 Taxes 48 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 3.02 Illegality 50 Section 2.7 Repayment 3.03 Inability to Determine Rates 50 Section 3.04 Increased Costs; Reserves on Loans 51 Section 3.05 Compensation for Losses 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 3.06 Mitigation Obligations; Replacement of Lenders 63 52 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 52 ARTICLE III IV CONDITIONS PRECEDENT 69 Section 3.1 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter Effectiveness of Credit 69 this Agreement 53 Section 3.2 Conditions Precedent to Each Credit Extension 72 4.02 Certain Funds Period 55 Section 3.3 4.03 Determinations Under Section 3.1 Sections 4.01 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 934.02 55

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 1.02 Other Interpretive Provisions 54 Section 1.3 1.03 Accounting Terms; Changes in GAAP 34 Calculation of Financial Covenant and other Financial Ratios and Terms 55 Section 1.4 Classes and Types 1.04 Rounding 56 Section 1.05 Timing of Advances 34 Payment or Performance 56 Section 1.5 Other Interpretive Provisions 35 1.06 Times of Day 56 Section 1.07 Letter of Credit Amounts 56 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 Commitments 35 2.01 The Loans 57 Section 2.2 Evidence 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Loans 57 Section 2.3 2.03 Letters of Credit 37 59 Section 2.4 Swingline Advances 44 2.04 Swing Line Loans 67 Section 2.5 Borrowings; Procedures and Limitations 47 2.05 Prepayments 70 Section 2.6 Prepayments 50 2.06 Termination or Reduction of Commitments 77 Section 2.7 2.07 Repayment 52 of Loans 78 Section 2.8 2.08 Interest 78 Section 2.09 Fees 53 Section 2.9 Interest 54 79 Section 2.10 Illegality 55 Computation of Interest and Fees 80 Section 2.11 Breakage Costs 55 Evidence of Debt 80 Section 2.12 Increased Costs 56 Payments Generally; Administrative Agent’s Clawback 81 Section 2.13 Sharing of Payments and Computations 57 by Lenders 83 Section 2.14 Taxes 59 Incremental Credit Extensions 83 Section 2.15 Extensions of Term Loans and Revolving Credit Commitments 87 Section 2.16 Defaulting Lenders 89 Section 2.17 Cash Collateral 91 Section 2.18 Designation of Subsidiaries 93 Section 2.19 Permitted Debt Exchanges 93 Section 2.20 Specified Refinancing Debt 94 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01 Taxes 97 Section 3.02 Illegality 101 Section 3.03 Inability to Determine Rates 101 Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 102 Section 3.05 Compensation for Losses 103 Section 3.06 Mitigation Obligations; Replacement of Lenders 63 104 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 104 ARTICLE III IV CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01 Conditions Precedent to Signing Date 104 Section 4.02 Conditions of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 106 Section 3.3 Determinations Under 4.03 Conditions to all Other Credit Extensions 108 TABLE OF CONTENTS (Continued) Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Page

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation 1.02. Rules of Time Periods 34 Construction 4 Section 1.3 1.03. Accounting Terms; Changes in GAAP 34 and Financial Determinations 4 ARTICLE II: THE LOANS Section 1.4 Classes 2.01. Loans 4 Section 2.02. Note 5 Section 2.03. Scheduled Payments 5 Section 2.04. Prepayments 5 Section 2.05. Interest Provisions 5 Section 2.06. Payments Absolute 6 Section 2.07. Increased Capital Costs 6 Section 2.08. Taxes 6 Section 2.09. Joint and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Several Liability 7 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 TO LOANS 7 ARTICLE IV REPRESENTATIONS REPRESENTATIONS, WARRANTIES AND WARRANTIES 73 COVENANTS OF BORROWER 8 ARTICLE V SECURITY INTEREST 10 ARTICLE VI: COVENANTS Section 4.1 Organization 73 6.01. Affirmative Covenants 10 Section 4.2 Authorization 73 6.02. Negative Covenants 12 Section 4.3 Enforceability 74 6.03. Indemnity 13 Section 4.4 Financial Condition 74 6.04. Performance by Lender 14 ARTICLE VII: EVENTS OF DEFAULT Section 4.5 Ownership and Liens; Real Property 74 7.01. Events of Default 14 Section 4.6 True and Complete Disclosure 74 7.02. Remedies 15 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 7.03. Use of Proceeds 77 15 ARTICLE VIII: MISCELLANEOUS PROVISIONS Section 4.16 Condition 8.01. Waivers, Amendments 16 Section 8.02. Notices 16 Section 8.03. Severability 16 Section 8.04. Execution in Counterparts 16 Section 8.05. Further Assurance and Corrective Instruments 16 Section 8.06. Time of Propertythe Essence 16 Section 8.07. Entire Agreement 16 Section 8.08. Governing Law 16 Section 8.09. Successors and Assigns; Casualties 77 Assignments by Lender 16 Section 4.17 Insurance 77 8.10. Assignments, Participations and Securitizations 16 Section 4.18 Security Interest 77 8.11. Waiver of Jury Trial 17 Section 4.19 OFAC8.12. Forum Selection and Consent to Jurisdiction 17 Section 8.13. Waiver of Certain Claims 18 SCHEDULES SCHEDULE I - Additional Definitions SCHEDULE II - Additional Conditions Precedent SCHEDULE III - Financial Covenants SCHEDULE IV - Disclosure Statements SCHEDULE V - List of Subsidiaries LOAN AGREEMENT THIS LOAN AGREEMENT (this “Agreement”) dated as of December 13, 2012 among STELLARIS, a Nevada limited liability company (together with its successors and assigns, “Stellaris”) and Q3 CONTRACTING, INC. (together with it succesors and assigns, “Q3”; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesStellaris and Q3, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance jointly and severally, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities its successors and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93assigns, “Lender”).

Appears in 1 contract

Samples: Loan Agreement (Primoris Services Corp)

Definitions and Accounting Terms. 1 Section 1.1 1.01. Certain Defined Terms 1 Section 1.2 1.02. Computation of Time Periods 21 Section 1.03. Accounting Terms 22 Section 1.04. Miscellaneous 22 ARTICLE II AMOUNT AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT Section 2.01. The Advances 22 Section 2.02. Making the Advances 22 Section 2.03. Fees 24 Section 2.04. Repayments of Advances 24 Section 2.05. Interest 25 Section 2.06. Additional Interest on LIBOR Advances 26 Section 2.07. Interest Rate Determination and Protection 26 Section 2.08. Conversion of Advances; Continuation 27 Section 2.09. Optional Prepayments 28 Section 2.10. Increased Costs; Capital Adequacy, Etc 28 Section 2.11. Illegality and Defaulting Lenders 29 Section 2.12. Payments and Computations 30 Section 2.13. Taxes 31 Section 2.14. Sharing of Payments, Etc 33 Section 2.15. Ratable Reduction or Termination of the Commitments; Effect of Termination 34 Section 1.3 Accounting Terms2.16. Increase of Commitments; Changes in GAAP Additional Lenders 34 Section 1.4 Classes and Types 2.17. Replacement of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES Lender 35 Section 2.1 Commitments 35 2.18. Certificates of Lenders 36 Section 2.2 Evidence of Indebtedness 37 Section 2.3 2.19. Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 36 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 3.01. Initial Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 39 Section 3.2 3.02. Additional Conditions Precedent to Each Advance 40 Section 3.03. Conditions Precedent to Each Letter of Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 41 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership 4.01. Representations and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 Warranties 41 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 5.01. Affirmative Covenants 45 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 5.02. Negative Covenants 50 i TABLE OF CONTENTS Page ARTICLE VI NEGATIVE COVENANTS 88 EVENTS OF DEFAULT Section 6.1 Debt 88 6.01. Events of Default 57 Section 6.2 Liens 89 6.02. L/C Cash Collateral Accounts 60 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use 6.03. Application of Proceeds; Use Amounts Received Following the Occurrence of Letters an Event of Credit 93Default 60

Appears in 1 contract

Samples: Revolving Credit Agreement (Pride International Inc)

Definitions and Accounting Terms. 1 Section SECTION 1.1 Certain Defined Terms 1 Section SECTION 1.2 Computation Use of Time Periods 34 Section Defined Terms 13 SECTION 1.3 Cross-References 13 SECTION 1.4 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 Financial Determinations 13 ARTICLE II CREDIT FACILITIES 35 Section THE FACILITY AND BORROWING PROCEDURES SECTION 2.1 Commitments 35 Section Facility 14 SECTION 2.2 [Intentionally Omitted] 14 SECTION 2.3 Reduction of Commitment Amount 14 SECTION 2.4 Base Rate Loans and Eurodollar Loans 14 SECTION 2.5 Borrowing Procedures for Loans 15 SECTION 2.6 Continuation and Conversion Elections 15 SECTION 2.7 Funding 16 SECTION 2.8 Repayment of Loans; Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section Debt 16 SECTION 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement Addition of Lenders 63 Section 2.16 and Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Commitment Amount 17 ARTICLE III CONDITIONS PRECEDENT 69 Section REPAYMENTS, PREPAYMENTS, INTEREST AND FEES SECTION 3.1 Conditions Precedent to Initial Borrowings Repayments and the Initial Letter of Credit 69 Section Prepayments 17 SECTION 3.2 Conditions Precedent to Each Credit Extension 72 Section Interest Provisions 17 SECTION 3.3 Determinations Under Section 3.1 and Section 3.2 73 Fees 18 ARTICLE IV REPRESENTATIONS CERTAIN EURODOLLAR AND WARRANTIES 73 Section OTHER PROVISIONS SECTION 4.1 Organization 73 Section Eurodollar Lending Unlawful 19 SECTION 4.2 Authorization 73 Section Deposits Unavailable or Eurodollar Interest Rate Unascertainable 19 SECTION 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, LicensesIncreased Eurodollar Borrowing Costs, etc 77 Section 4.15 Use 19 SECTION 4.4 Funding Losses 19 SECTION 4.5 Increased Capital Costs 20 SECTION 4.6 Taxes 20 SECTION 4.7 Special Fees in Respect of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesReserve Requirements 22 SECTION 4.8 Payments, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Computations, etc 22 TABLE OF CONTENTS (continued) Pages

Appears in 1 contract

Samples: Credit Agreement (Noble Energy Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 2 Section 1.2 Computation of Time Periods 34 1.02 Other Interpretive Provisions 56 Section 1.3 1.03 Accounting Terms; Changes in GAAP 34 Calculation of Financial Covenant and other Financial Ratios and Terms 57 Section 1.4 Classes and Types 1.04 Rounding 58 Section 1.05 Timing of Advances 34 Payment or Performance 58 Section 1.5 Other Interpretive Provisions 35 1.06 Times of Day 58 Section 1.07 Letter of Credit Amounts 58 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 Commitments 35 2.01 The Loans 58 Section 2.2 Evidence 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Loans 59 Section 2.3 2.03 Letters of Credit 37 61 Section 2.4 Swingline Advances 44 2.04 Swing Line Loans 69 Section 2.5 Borrowings; Procedures and Limitations 47 2.05 Prepayments 73 Section 2.6 Prepayments 50 2.06 Termination or Reduction of Commitments 79 Section 2.7 2.07 Repayment 52 of Loans 80 Section 2.8 2.08 Interest 81 Section 2.09 Fees 53 Section 2.9 Interest 54 81 Section 2.10 Illegality 55 Computation of Interest and Fees 82 Section 2.11 Breakage Costs 55 Evidence of Debt 82 Section 2.12 Increased Costs 56 Payments Generally; Administrative Agent’s Clawback 83 Section 2.13 Sharing of Payments and Computations 57 by Lenders 85 Section 2.14 Taxes 59 Incremental Credit Extensions 85 Section 2.15 Extensions of Term Loans and Revolving Credit Commitments 89 Section 2.16 Defaulting Lenders 91 Section 2.17 Cash Collateral 93 Section 2.18 Designation of Subsidiaries 95 Section 2.19 Permitted Debt Exchanges 96 Section 2.20 Specified Refinancing Debt 97 Section 2.21 The Borrower Representative 99 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01 Taxes 99 Section 3.02 Illegality 104 Section 3.03 Inability to Determine Rates 104 Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 105 Section 3.05 Compensation for Losses 106 Section 3.06 Mitigation Obligations; Replacement of Lenders 63 106 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 107 ARTICLE III IV CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Acquisition Effective Date 107 Section 4.02 Conditions to all Other Credit 69 Extensions 109 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Page ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93V

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 16 1.03 Accounting Terms 17 1.04 Rounding 17 1.05 Times of Day 18 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 EXTENSIONS 18 2.01 Committed Loans 18 2.02 Committed Borrowings, Conversions and Continuations of Committed Loans 18 2.03 Prepayments 19 2.04 Termination or Reduction of Commitments 35 Section 2.2 20 2.05 Repayment of Loans 20 2.06 Interest 20 2.07 Fees 20 2.08 Computation of Interest and Fees 21 2.09 Evidence of Indebtedness 37 Section 2.3 Letters Debt 21 2.10 Payments Generally; Administrative Agent’s Clawback 21 2.11 Sharing of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 BorrowingsPayments by Lenders 23 2.12 Defaulting Lenders 23 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 25 3.01 Taxes 25 3.02 Illegality 29 3.03 Inability to Determine Rates 29 3.04 Increased Costs; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Reserves on Eurocurrency Rate Loans 30 3.05 Compensation for Losses 31 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 32 3.07 Survival 32 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 32 4.01 Conditions Precedent of Closing 32 4.02 Conditions to Initial Borrowings and the Initial Letter of all Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Extensions 34 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 34 5.01 Existence, Qualification and Power 34 5.02 Authorization; No Contravention 35 5.03 Governmental Authorization 73 Section 4.3 Enforceability 74 Section 4.4 35 5.04 Binding Effect 35 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 35 5.06 Litigation 35 5.07 Ownership and Liensof Property; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Liens 36 5.08 Environmental Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 36 5.09 Insurance 36 5.10 Taxes 36 5.11 ERISA Compliance 36 TABLE OF CONTENTS (continued) Page 5.12 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits37 5.13 Disclosure 37 5.14 Compliance with Laws 37 5.15 Taxpayer Identification Number; Other Identifying Information 37 5.16 OFAC 37 ARTICLE VI. AFFIRMATIVE COVENANTS 38 6.01 Financial Statements 38 6.02 Certificates; Other Information 39 6.03 Notices 40 6.04 Payment of Obligations 40 6.05 Preservation of Existence, Licenses, etc 77 Section 4.15 Etc 40 6.06 Maintenance of Properties; Maintenance of Insurance 40 6.07 Compliance with Laws 41 6.08 Inspection Rights; Books and Records 41 6.09 Use of Proceeds 77 Section 4.16 Condition 41 ARTICLE VII. NEGATIVE COVENANTS 41 7.01 Liens 41 7.02 Subsidiary Indebtedness 43 7.03 Fundamental Changes 43 7.04 Dispositions 44 7.05 Transactions with Affiliates 44 7.06 Consolidated Leverage Ratio 44 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 45 8.01 Events of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; AntiDefault 45 8.02 Remedies Upon Event of Default 46 8.03 Application of Funds 47 ARTICLE IX. ADMINISTRATIVE AGENT 47 9.01 Appointment and Authority 47 9.02 Rights as a Lender 48 9.03 Exculpatory Provisions 48 9.04 Reliance by Administrative Agent 49 9.05 Delegation of Duties 49 9.06 Resignation of Administrative Agent 49 9.07 Non-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesReliance on Administrative Agent and Other Lenders 50 9.08 No Other Duties, Etc. 50 9.09 Administrative Agent May File Proofs of Claim 50 ARTICLE X. MISCELLANEOUS 51 10.01 Amendments, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records51 10.02 Notices; Inspection 85 Section 5.9 Maintenance Effectiveness; Electronic Communication 52 10.03 No Waiver; Cumulative Remedies; Enforcement 54 10.04 Expenses; Indemnity; Damage Waiver 54 10.05 Payments Set Aside 57 TABLE OF CONTENTS (continued) Page 10.06 Successors and Assigns 57 10.07 Treatment of Property 85 Section 5.10 Deposit AccountsCertain Information; Securities Confidentiality 61 10.08 Right of Setoff 62 10.09 Interest Rate Limitation 63 10.10 Counterparts; Integration; Effectiveness 63 10.11 Survival of Representations and Commodity Accounts 86 Section 5.11 AppraisalsWarranties 63 10.12 Severability 63 10.13 Replacement of Lenders 64 10.14 Governing Law; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation Jurisdiction; Etc. 64 10.15 Waiver of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use Jury Trial 65 10.16 No Advisory or Fiduciary Responsibility 66 10.17 Electronic Execution of Proceeds; Use of Letters of Credit 93Assignments and Certain Other Documents 66 10.18 USA PATRIOT Act Notice 66 SCHEDULES

Appears in 1 contract

Samples: Assignment and Assumption (Thermo Fisher Scientific Inc.)

Definitions and Accounting Terms. 1 Section SECTION 1.1 Certain Defined Terms DEFINED TERMS 1 Section SECTION 1.2 Computation of Time Periods 34 Section USE OF DEFINED TERMS 27 SECTION 1.3 Accounting TermsACCOUNTING TERMS 27 SECTION 1.4 ROUNDING 27 SECTION 1.5 EXHIBITS AND SCHEDULES 28 SECTION 1.6 MISCELLANEOUS TERMS 28 ARTICLE 2 AMOUNT AND TERMS OF CREDIT 28 SECTION 2.1 ADVANCES 28 SECTION 2.2 LETTERS OF CREDIT 29 SECTION 2.3 TERM LOANS 32 SECTION 2.4 SPECIAL ADVANCES BY LENDERS 32 SECTION 2.5 AGENT'S RIGHT TO ASSUME FUNDS AVAILABLE 32 SECTION 2.6 ACCOUNTING 32 SECTION 2.7 SINGLE LOAN 33 SECTION 2.8 SUBSEQUENT COMMITMENT INCREASES 33 ARTICLE 3 PRINCIPAL PAYMENTS; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions INTEREST; FEES 35 SECTION 3.1 PRINCIPAL PAYMENTS 35 SECTION 3.2TERMINATION OF COMMITMENT; VOLUNTARY PREPAYMENT OF TERM LOAN 35 SECTION 3.3 MANDATORY PREPAYMENTS 36 SECTION 3.4 INTEREST 37 SECTION 3.5 FIXED RATE ELECTIONS 37 SECTION 3.6 COMMITMENT FEE 38 SECTION 3.7 LETTER OF CREDIT FEES 38 SECTION 3.8 AGENT'S FEES 38 SECTION 3.9 INCREASED COST AND REDUCED RETURN 38 SECTION 3.10 LIBOR COSTS 39 SECTION 3.11 SPECIAL LIBOR CIRCUMSTANCES 40 SECTION 3.12 FUNDING LOSSES 40 SECTION 3.13 DEFAULT RATE 41 SECTION 3.14 PAYMENT AND COMPUTATION OF INTEREST 41 SECTION 3.15 NON-BUSINESS DAYS 42 SECTION 3.16 PAYMENT FREE OF TAXES 42 SECTION 3.17 FUNDING SOURCES 45 SECTION 3.18 FAILURE TO CHARGE NOT SUBSEQUENT WAIVER 45 SECTION 3.19 SAVINGS CLAUSE 45 SECTION 3.20 PRO RATA TREATMENT 46 SECTION 3.21 MANNER AND TREATMENT OF PAYMENTS 46 SECTION 3.22 AGENT'S RIGHT TO ASSUME PAYMENTS WILL BE MADE 46 SECTION 3.23 SURVIVABILITY 47 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV 4 REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 47 SECTION 4.1EXISTENCE AND QUALIFICATION; POWER; COMPLIANCE WITH LAWS 47 SECTION 4.2AUTHORITY; COMPLIANCE WITH OTHER AGREEMENTS AND INSTRUMENTS 48 SECTION 4.3REQUIREMENTS OF LAW; PERFORMANCE OF CONTRACTUAL OBLIGATIONS 48 SECTION 4.4 Financial Condition 74 Section NO GOVERNMENTAL APPROVALS REQUIRED 48 SECTION 4.5 Ownership and LiensSUBSIDIARIES 49 SECTION 4.6 FINANCIAL STATEMENTS 49 SECTION 4.7 NO OTHER LIABILITIES; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section NO MATERIAL ADVERSE EFFECT 49 SECTION 4.8 Compliance with Agreements 75 Section TITLE TO AND LOCATION OF PROPERTY 49 SECTION 4.9 Pension Plans 75 Section INTANGIBLE ASSETS 50 SECTION 4.10 Environmental Condition 76 Section GOVERNMENTAL REGULATION 50 SECTION 4.11 Subsidiaries 76 Section LITIGATION; JUDGMENTS 50 SECTION 4.12 Investment Company Act 76 Section BINDING OBLIGATIONS 50 SECTION 4.13 Taxes 76 Section NO DEFAULT 50 SECTION 4.14 Permits, Licenses, etc 77 Section ERISA 50 SECTION 4.15 Use of Proceeds 77 Section REGULATIONS G AND U 52 SECTION 4.16 Condition of PropertyDISCLOSURE 52 SECTION 4.17 TAX LIABILITY 52 SECTION 4.18 SECURITY INTERESTS 53 SECTION 4.19 EMPLOYEE MATTERS 53 SECTION 4.20 SOLVENCY 53 SECTION 4.21 SUBORDINATION OF SUBORDINATED INDEBTEDNESS 53 SECTION 4.22 REAL PROPERTY 54 SECTION 4.23 ENVIRONMENTAL MATTERS 54 SECTION 4.24 OWNERSHIP OF CAPITAL STOCK 55 SECTION 4.25 BROKERS; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 TRANSACTION FEES 55 ARTICLE V 5 AFFIRMATIVE COVENANTS 78 Section (OTHER THAN INFORMATION AND REPORTING REQUIREMENTS) 56 SECTION 5.1 Organization 78 Section 5.2 Reporting 79 Section USE OF PROCEEDS 56 SECTION 5.2PAYMENT OF TAXES AND OTHER POTENTIAL LIENS; COMPLIANCE WITH RELATED AGREEMENTS 56 SECTION 5.3 Insurance 83 Section PRESERVATION OF EXISTENCE 56 SECTION 5.4 Compliance with Laws 84 Section MAINTENANCE OF PROPERTIES AND BUSINESS 57 SECTION 5.5 Taxes 84 Section MAINTENANCE OF INSURANCE 57 SECTION 5.6 Security 84 Section COMPLIANCE WITH LAWS 57 SECTION 5.7 New Subsidiaries 85 Section INSPECTION RIGHTS 58 SECTION 5.8 RecordsAUDIT RIGHTS 58 SECTION 5.9 KEEPING OF RECORDS AND BOOKS OF ACCOUNT 58 SECTION 5.10COMPLIANCE WITH AGREEMENTS; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section PAYMENT OF INDEBTEDNESS 58 SECTION 5.11 Appraisals; Field Exams 86 Section ENVIRONMENTAL LAWS 58 SECTION 5.12 Further Assurances 87 Section ADDITIONAL REAL PROPERTY COLLATERAL 60 SECTION 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 COLLECTIONS 60 ARTICLE VI 6 NEGATIVE COVENANTS 61 SECTION 6.1 DISPOSITION OF PROPERTY; APPLICATION OF PROCEEDS 61 SECTION 6.2 RESTRICTIONS ON FUNDAMENTAL CHANGES 62 SECTION 6.3 RESTRICTED PAYMENTS 63 SECTION 6.4 RESTRICTIONS ON AMENDMENTS, ETC. 64 SECTION 6.5 ERISA 65 SECTION 6.6 CHANGE IN NATURE OR CONDUCT OF BUSINESS 65 SECTION 6.7 LIENS 65 SECTION 6.8 INDEBTEDNESS 66 SECTION 6.9 TRANSACTIONS WITH AFFILIATES 68 SECTION 6.10 SALES AND LEASEBACKS 69 SECTION 6.11 MARGIN REGULATIONS 69 SECTION 6.12 INVESTMENTS 69 SECTION 6.13 FISCAL YEAR 69 SECTION 6.14 CASH MANAGEMENT SYSTEM 69 SECTION 6.15 CANCELLATION OF INDEBTEDNESS 69 SECTION 6.16 COMMINGLING 70 SECTION 6.17 RELATED AGREEMENTS; TAX ELECTION 70 SECTION 6.18 CAPITAL EXPENDITURES 70 SECTION 6.19 OPERATING LEASES 70 SECTION 6.20 CURRENT RATIO 70 SECTION 6.21 CONSOLIDATED FIXED CHARGE COVERAGE RATIO 70 SECTION 6.22 INTEREST COVERAGE RATIO 71 ARTICLE 7 INFORMATION AND REPORTING REQUIREMENTS 71 SECTION 7.1 FINANCIAL INFORMATION AND REPORTS 71 SECTION 7.2BORROWING BASE CERTIFICATES AND OTHER COLLATERAL REPORTING 73 SECTION 7.3 OPERATING LEASES; CAPITAL LEASES, ETC. 74 SECTION 7.4 OTHER SPECIFIC INFORMATION AND REPORTS 74 SECTION 7.5 OTHER INFORMATION AND REPORTS (GENERALLY) 77 ARTICLE 8 CONDITIONS 77 SECTION 8.1 CONDITIONS TO EFFECTIVENESS 77 SECTION 8.2 ANY ADVANCE, ETC. 79 ARTICLE 9 EVENTS OF DEFAULT AND REMEDIES UPON EVENTS OF DEFAULT 79 SECTION 9.1 EVENTS OF DEFAULT 79 SECTION 9.2 REMEDIES UPON EVENT OF DEFAULT 82 ARTICLE 10 THE AGENT 84 SECTION 10.1APPOINTMENT AND AUTHORIZATION; NO FIDUCIARY RESPONSIBILITY 84 SECTION 10.2 AGENT AND AFFILIATES 84 SECTION 10.3 LENDERS' CREDIT DECISIONS 85 SECTION 10.4 ACTION BY AGENT 85 SECTION 10.5 LIABILITY OF AGENT 86 SECTION 10.6 INDEMNIFICATION 87 SECTION 10.7 SUCCESSOR AGENT 87 SECTION 10.8PROPORTIONATE INTEREST OF THE LENDERS IN ANY COLLATERAL 87 ARTICLE 11 MISCELLANEOUS 88 Section 6.1 Debt SECTION 11.1 CUMULATIVE REMEDIES; NO WAIVER 88 Section 6.2 Liens SECTION 11.2 AMENDMENTS; CONSENTS 88 SECTION 11.3 COSTS, EXPENSES AND TAXES 89 Section 6.3 Investments SECTION 11.4 NATURE OF LENDER'S OBLIGATIONS 90 SECTION 11.5 SURVIVAL OF REPRESENTATIONS AND WARRANTIES 90 SECTION 11.6 NOTICES 90 SECTION 11.7 EXECUTION IN COUNTERPARTS 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of ProceedsSECTION 11.8 BINDING EFFECT; Use of Letters of Credit 93ASSIGNMENT 92

Appears in 1 contract

Samples: Loan Agreement (Fairfield Manufacturing Co Inc)

Definitions and Accounting Terms. 1 Section 1.1 1.01 Amendment and Restatement 1 1.02 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 2 1.03 Other Interpretive Provisions 35 18 1.04 Accounting Terms 18 1.05 Rounding 19 1.06 References to Agreements and Laws 19 1.07 Times of Day 19 ARTICLE II CREDIT FACILITIES 35 Section 2.1 II. THE COMMITMENTS 19 2.01 Loans 19 2.02 Borrowings, Conversions and Continuations of Loans 19 2.03 Prepayments 21 2.04 Termination or Reduction of Commitments 35 Section 2.2 21 2.05 Repayment of Loans 22 2.06 Interest 22 2.07 Fees 22 2.08 Computation of Interest and Fees 23 2.09 Evidence of Indebtedness 37 Section 2.3 Letters Debt 23 2.10 Payments Generally; Administrative Agent’s Clawback 23 2.11 Sharing of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section Payments by Lenders 25 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 26 2.13 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Lenders 27 ARTICLE III III. TAXES, YIELD PROTECTION AND ILLEGALITY 28 3.01 Taxes 28 3.02 Illegality 32 3.03 Inability to Determine Rates 33 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 34 3.05 Compensation for Losses 35 3.06 Mitigation Obligations 36 3.07 Survival 36 ARTICLE IV. CONDITIONS PRECEDENT 69 Section 3.1 36 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Effectiveness 36 4.02 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 All Loans 38 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 38 5.01 Organization 73 Section 4.2 and Powers 38 5.02 Good Standing 38 5.03 Material Subsidiaries 38 5.04 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 of Borrowing 39 5.05 No Conflict 39 5.06 Governmental Consents 39 5.07 Binding Obligation 39 5.08 Financial Condition 74 Section 4.5 Ownership and Liens39 5.09 Changes, Etc 40 5.10 Title to Properties 40 5.11 Litigation; Real Property 74 Section 4.6 True and Complete Adverse Facts 40 5.12 Payment of Taxes 40 5.13 Agreements 40 5.14 Performance 40 5.15 Governmental Regulation 41 5.16 Employee Benefit Plans 41 5.17 Environmental Matters 41 5.18 Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with 42 5.19 Subordination Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses42 ARTICLE VI. AFFIRMATIVE COVENANTS 42 6.01 Financial Statements 42 6.02 Certificates; Other Information 43 6.03 Notices 45 6.04 Corporate Existence, etc 77 Section 4.15 Use 45 6.05 Payment of Proceeds 77 Section 4.16 Condition of PropertyTaxes and Claims; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Tax Consolidation 46 6.06 Maintenance of Property 85 Section 5.10 Deposit AccountsProperties; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Insurance 46

Appears in 1 contract

Samples: Credit Agreement (Mattel Inc /De/)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 30 1.03 Accounting Terms 31 1.04 Rounding 31 1.05 Exchange Rates; Currency Equivalents 32 1.06 Additional Alternative Currencies 32 1.07 Change of Currency 33 1.08 Times of Day 34 1.09 Letter of Credit Amounts 34 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 34 2.01 Loans 34 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 34 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings2.04 Prepayments 49 2.05 Termination or Reduction of Commitments 50 2.06 Repayment of Loans 51 2.07 Interest 51 2.08 Fees 52 2.09 Computation of Interest and Fees 52 2.10 Evidence of Debt 52 2.11 Payments Generally; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees Administrative Agent’s Clawback 53 Section 2.9 Interest 54 Section 2.10 2.12 Sharing of Payments by Lenders 55 2.13 Designated Borrowers 56 2.14 Increase in Commitments 57 2.15 Cash Collateral 59 2.16 Defaulting Lenders 60 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 62 3.01 Taxes 62 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 66 3.03 Inability to Determine Rates 67 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Costs; Reserves on Eurocurrency Rate Loans 67 3.05 Compensation for Losses 69 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 70 3.07 Survival 70 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 70 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 70 4.02 Conditions to all Credit Extensions 73 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 74 5.01 Organization; Powers 74 5.02 Authorization; Enforceability 74 Section 4.4 75 5.03 Governmental Approvals; No Conflicts 75 5.04 Financial Condition 74 Section 4.5 Ownership and LiensCondition; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 No Material Adverse Change 75 5.05 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 5.06 Compliance with Laws 84 Section 5.5 and Agreements 76 5.07 Investment Company Status 76 5.08 Taxes 84 Section 5.6 Security 84 Section 5.7 New 76 5.09 Pension-Related Matters 76 5.10 Disclosure 77 5.11 Use of Credit 77 5.12 Subsidiaries 85 Section 5.8 Records77 5.13 Stamp Taxes 77 5.14 Taxpayer Identification Number 78 5.15 Representations as to Foreign Jurisdiction Matters 78 5.16 First Priority Interest 78 5.17 OFAC 79 ARTICLE VI. AFFIRMATIVE COVENANTS 79 6.01 Financial Statements and Other Information 79 6.02 Notices of Material Events 82 6.03 Existence; Inspection 85 Section 5.9 Conduct of Business 82 6.04 Insurance 82 6.05 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation Properties 82 6.06 Payment of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Obligations 83 6.07 Financial Accounting Practices 83 6.08 Compliance with Applicable Laws 83 6.09 Use of Letters of Credit 93and Proceeds of Loans 83 6.10 Inspection Rights 84 6.11 Financial Strength Rating 84 6.12 Further Assurances 84 6.13 Collateral Requirements 84 6.14 OFAC; PATRIOT Act Compliance 85 ARTICLE VII. NEGATIVE COVENANTS 85 7.01 Fundamental Changes 85 7.02 Liens 87 7.03 Transactions with Affiliates 88 7.04 Financial Covenants 88 7.05 Indebtedness 89 7.06 Investments 90 7.07 Restricted Payments 90 7.08 Continuation of and Change in Businesses 91 7.09 Private Act 91 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 91 8.01 Events of Default 91 8.02 Remedies Upon Event of Default 93 8.03 Application of Funds 94

Appears in 1 contract

Samples: Credit Agreement (Axis Capital Holdings LTD)

Definitions and Accounting Terms. 1 Section 1.1 SECTION 1.01. Certain Defined Terms 1 Section 1.2 SECTION 1.02. Terms Generally 27 SECTION 1.03. Computation of Time Periods 34 Section 1.3 27 SECTION 1.04. Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Terms 27 Article II AMOUNTS AND TERMS OF THE ADVANCES 28 SECTION 2.01. The Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 28 SECTION 2.02. Making the Advances 28 SECTION 2.03. Letters of Credit 29 SECTION 2.04. Fees 35 SECTION 2.05. Termination or Reduction of the Commitments 36 SECTION 2.06. Repayment of Advances 36 SECTION 2.07. Interest on Advances 36 SECTION 2.08. Computation of Interest 37 Section 2.4 Swingline SECTION 2.09. Inability to Determine Interest Rate. 37 SECTION 2.10. Conversion of Advances. 38 SECTION 2.11. Prepayments of Advances 38 SECTION 2.12. Increased Costs. 39 SECTION 2.13. Illegality. 40 SECTION 2.14. Payments. 41 SECTION 2.15. Taxes. 41 SECTION 2.16. Sharing of Payments, Etc. 43 SECTION 2.17. Evidence of Debt. 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 SECTION 2.18. Use of Proceeds. 45 SECTION 2.19. Swing Line Loans. 45 SECTION 2.20. Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Lenders. 47 SECTION 2.21. Cash Collateral. 48 SECTION 2.22. Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE Lenders. 49 SECTION 2.23. Breakage. 52 SECTION 2.24. Administrative Agent’s Clawback. 53 SECTION 2.25. Accordion. 53 Article III 59 CONDITIONS PRECEDENT 69 Section 3.1 59 SECTION 3.01. Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Closing Date. 59 SECTION 3.02. Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE Loan Event. 62 Article IV 63 REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 63 CHAR2\1701593v10 SECTION 4.01. Representations and Warranties of the Borrowers. 63 Article V 67 COVENANTS OF THE BORROWERS 67 SECTION 5.01. Affirmative Covenants 67 SECTION 5.02. Rayonier’s Additional Affirmative Covenants. 74 Section 4.4 SECTION 5.03. Negative Covenants. 75 SECTION 5.04. Financial Condition 74 Section 4.5 Ownership Covenants 79 Article VI 80 EVENTS OF DEFAULT 80 SECTION 6.01. Events of Default. 80 Article VII 84 THE ADMINISTRATIVE AGENT 84 SECTION 7.01. Appointment and LiensAuthority. 84 SECTION 7.02. Rights as a Lender. 85 SECTION 7.03. Exculpatory Provisions. 85 SECTION 7.04. Reliance by Administrative Agent 86 SECTION 7.06. Resignation of Administrative Agent. 87 SECTION 7.07. Non-Reliance on Administrative Agent and Other Lenders 88 SECTION 7.08. No Other Duties, Etc. 88 SECTION 7.09. Administrative Agent May File Proofs of Claim. 88 SECTION 7.10. Guarantee Matters. 89 Article VIII 89 MISCELLANEOUS 89 SECTION 8.01. Amendments, Etc. 89 SECTION 8.02. Notices; Real Property 74 Section 4.6 True Effectiveness; Electronic Communication. 90 SECTION 8.03. No Waiver; Remedies. 92 SECTION 8.04. Costs and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Expenses 92 SECTION 8.05. Right of Set-off. 94 SECTION 8.06. Binding Effect. 95 SECTION 8.07. Successors and Assigns. 95 SECTION 8.08. Rayonier as Agent. 100 SECTION 8.09. Treatment of Certain Information; Confidentiality. 100 SECTION 8.10. Governing Law; Jurisdiction; Etc. 101 SECTION 8.11. Headings. 102 SECTION 8.12. Severability. 102 SECTION 8.13. Counterparts; Integration; Effectiveness; Electronic Execution. 102 SECTION 8.14. USA PATRIOT Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use Notice. 103 SECTION 8.15. Waiver of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Jury Trial. 103 Schedules Schedule I - Commitment Amounts Schedule 2.03 - Existing Letters of Credit 93Schedule 4.01(l) - Environmental Matters Schedule 4.01(m) - NPL Properties Schedule 4.01(n) - Transport of Hazardous Materials Schedule 4.01(o) - Post Retirement Benefit Obligations Schedule 5.03(b) - Existing Liens Schedule 5.03(g) - Existing Subsidiary Debt Schedule 8.07(f) - Voting Participants at Closing Exhibits Exhibit A-1 - Form of Revolving Credit Note Exhibit A-2 - Form of Term Loan Note Exhibit A-3 - Form of Swing Line Note Exhibit B - Form of Notice of Borrowing Exhibit C - Form of Guarantee Agreement Exhibit D - Form of Closing Certificate Exhibit E - Form of Assignment and Assumption Exhibit F - Form of Solvency Certificate CREDIT AGREEMENT, dated as of August 5, 2015 (as supplemented, modified, restated and amended from time to time, this “Agreement”), made by and among RAYONIER INC., a North Carolina corporation (“Rayonier”), RAYONIER TRS HOLDINGS INC., a Delaware corporation (“TRS”), and RAYONIER OPERATING COMPANY LLC, a Delaware limited liability company (“ROC”; each of Rayonier, TRS and ROC being referred to herein individually as a “Borrower”, and collectively as the “Borrowers”), the several banks, financial institutions and other institutional lenders from time to time party hereto as Lenders (as defined below), COBANK, ACB, (“CoBank”), as administrative agent on behalf of the Lenders (in such capacity, the “Administrative Agent”), Swing Line Lender (as defined below) and as Issuing Bank (as defined below) and CoBank, as Sole Bookrunner and Sole Lead Arranger.

Appears in 1 contract

Samples: Credit Agreement (Rayonier Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 23 1.03 Accounting Terms 24 1.04 Exchange Rates; Currency Equivalents 26 1.05 Additional Alternative Currencies 26 1.06 Change of Currency 27 1.07 Times of Day 27 1.08 Letter of Credit Amounts 27 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 2.01 Committed Loans 28 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Committed Loans 28 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 30 2.04 Swing Line Loans 38 2.05 Prepayments 41 2.06 Termination or Reduction of Commitments 42 2.07 Repayment of Loans 43 2.08 Interest 43 2.09 Fees 44 Section 2.5 Borrowings2.10 Computation of Interest and Fees 44 2.11 Evidence of Debt 45 2.12 Payments Generally; Procedures and Limitations Administrative Agent’s Clawback 45 2.13 Sharing of Payments by Lenders 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 2.14 Increase in Commitments 48 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 3.01 Taxes 49 3.02 Illegality 51 3.03 Inability to Determine Rates 52 Section 2.8 Fees 53 Section 2.9 Interest 3.04 Increased Costs; Reserves on Eurocurrency Rate Loans 52 3.05 Compensation for Losses 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 55 3.07 Survival 55 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 55 4.02 Conditions to all Credit Extensions 57 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 5.01 Existence, Qualification and Power 58 5.02 Authorization; No Contravention 58 5.03 Governmental Authorization; Other Consents 58 5.04 Binding Effect 58 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 59 5.06 Litigation 59 5.07 No Default 60 5.08 Ownership of Property; Liens 60 5.09 Environmental Compliance 60 5.10 Insurance 60 5.11 Taxes 60 5.12 ERISA Compliance 60 5.13 Subsidiaries; Equity Interests 61 5.14 Margin Regulations; Investment Company Act; Public Utility Holding Company Act61 5.15 Copyrights, Patents, Trademarks and Liens; Real Property 74 Section 4.6 True and Complete Licenses, Etc 61 5.16 Disclosure 74 Section 4.7 Litigation 75 Section 4.8 62 5.17 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 PermitsLaws 62 5.18 Representations as to Foreign Obligors 62 ARTICLE VI. AFFIRMATIVE COVENANTS 6.01 Financial Statements 63 6.02 Certificates; Other Information 64 6.03 Notices 65 6.04 [Intentionally Deleted.] 66 6.05 Preservation of Existence, Licenses, etc 77 Section 4.15 Etc 66 6.06 Maintenance of Properties 67 6.07 Maintenance of Insurance 67 6.08 Compliance with Laws and Contractual Obligations 67 6.09 Books and Records 67 6.10 Inspection Rights 67 6.11 Use of Proceeds 68 6.12 Approvals and Authorizations 68 ARTICLE VII. NEGATIVE COVENANTS 7.01 Limitation on Liens 68 7.02 Disposition of Assets 70 7.03 Consolidations and Mergers 70 7.04 Loans and Investments 71 7.05 Transactions with Affiliates 72 7.06 Contingent Obligations 72 7.07 Restricted Payments 72 7.08 Maintenance of Business 72 7.09 Minimum Interest Coverage 73 7.10 Maximum Total Indebtedness to Capitalization 73 7.11 Toro, TCC, Manufacturing and Exmark Portion of Sales Revenue 73 7.12 Negative Pledge Clause 73 7.13 Burdensome Contractual Obligation 73 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 8.01 Events of Default 74 8.02 Remedies Upon Event of Default 76 8.03 Application of Funds 77 Section 4.16 Condition ARTICLE IX. ADMINISTRATIVE AGENT 9.01 Appointment and Authority 78 9.02 Rights as a Lender 78 9.03 Exculpatory Provisions 78 9.04 Reliance by Administrative Agent 79 9.05 Delegation of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; AntiDuties 79 9.06 Resignation of Administrative Agent 80 9.07 Non-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesReliance on Administrative Agent and Other Lenders 80 9.08 No Other Duties, Etc 78 81 9.09 Administrative Agent May File Proofs of Claim 81 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93X.

Appears in 1 contract

Samples: Credit Agreement (Toro Co)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation Use of Time Periods 34 Defined Terms 38 Section 1.3 Accounting Terms; Changes in GAAP 34 Cross-References 38 Section 1.4 Classes Accounting and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 Financial Determinations 38 ARTICLE II CREDIT FACILITIES 35 REVOLVING LOAN COMMITMENT AND BORROWING PROCEDURES, NOTES Section 2.1 Commitments 35 39 Section 2.2 Evidence Increase/Reduction of Indebtedness 37 the Commitment Amounts 41 Section 2.3 Letters of Credit 37 Borrowing Procedures 42 Section 2.4 Swingline Advances Continuation and Conversion Elections 44 Section 2.5 Borrowings; Procedures and Limitations 47 Funding 44 Section 2.6 Prepayments 50 Issuance Procedures 44 Section 2.7 Repayment Loan Accounts and Revolving Notes 48 Section 2.8 Intentionally Omitted 49 Section 2.9 Swingline Loan Subfacility 49 ARTICLE III MATURITY DATE; REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1 Maturity Date; Extension Option 51 Section 3.2 Repayments and Prepayments; Application 52 Section 2.8 Fees 53 Section 2.9 3.3 Interest Provisions 54 Section 2.10 Illegality 3.4 Fees 55 ARTICLE IV CERTAIN LIBO RATE AND OTHER PROVISIONS Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 4.1 LIBO Rate Lending Unlawful 56 Section 2.13 Payments and Computations 4.2 Deposits Unavailable 56 Section 4.3 Change of Circumstances 57 Section 2.14 4.4 Replacement of Lender 57 Section 4.5 Funding Losses 58 Section 4.6 Taxes 59 Section 2.15 Mitigation Obligations; Replacement 4.7 Change of Lenders Lending Office 62 Section 4.8 Payments, Computations, etc. 63 Section 2.16 Increase in Commitments 4.9 Sharing of Payments 63 Section 4.10 Setoff 64 ARTICLE V CONDITIONS TO EFFECTIVENESS AND TO FUTURE CREDIT EXTENSIONS Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 5.1 Conditions Precedent to Initial Borrowings Making of Loans and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use Issuance of Letters of Credit 9364 Section 5.2 All Credit Extensions 68 ARTICLE VI REPRESENTATIONS AND WARRANTIES

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotels & Resorts, Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 12 ARTICLE II CREDIT FACILITIES 35 LOANS 12 Section 2.1 Commitments 35 12 Section 2.2 Evidence of Indebtedness 37 Competitive Bid Procedure 13 Section 2.3 Letters of Credit 37 Committed Borrowing Procedure 15 Section 2.4 Swingline Advances 44 Refinancings; Conversions 15 Section 2.5 Borrowings; Procedures and Limitations 47 Fees 16 Section 2.6 Prepayments 50 Termination and Reduction of Commitments 16 Section 2.7 Repayment 52 Loans 17 Section 2.8 Fees 53 Loan Accounts 18 Section 2.9 Interest 54 on Loans 18 Section 2.10 Illegality 55 Interest on Overdue Amounts 19 Section 2.11 Breakage Costs 55 Alternate Rate of Interest 19 Section 2.12 Increased Costs 56 Prepayment of Loans 20 Section 2.13 Payments and Computations 57 Reserve Requirements; Change in Circumstances 22 Section 2.14 Taxes 59 Change in Legality 22 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Indemnity 23 Section 2.16 Increase in Commitments 64 Pro Rata Treatment 23 Section 2.17 Defaulting Lender Provisions 65 Sharing of Setoffs 24 Section 2.18 Borrowing Base Adjustments 68 Payments 25 Section 2.19 Tax Forms 25 Section 2.20 Calculation of LIBO Rates 25 Section 2.21 Booking Loans 25 Section 2.22 Quotation of Rates 25 ARTICLE III CONDITIONS PRECEDENT 69 LETTERS OF CREDIT 25 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial L/C Commitment 25 Section 3.2 Procedure for Issuance of Letter of Credit 69 26 Section 3.2 3.3 Fees and Other Charges 26 Section 3.4 L/C Participations 26 Section 3.5 Reimbursement Obligation of the Company 27 Section 3.6 Obligations Absolute 27 Section 3.7 Letter of Credit Payments 28 Section 3.8 Applications 28 ARTICLE IV CONDITIONS OF LENDING 28 Section 4.1 Conditions Precedent 28 Section 4.2 Conditions Precedent to Each Committed Borrowing 29 Section 4.3 Conditions Precedent to Each Competitive Borrowing 29 Section 4.4 Conditions Precedent to Each Letter of Credit Extension 72 Issuance 30 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 4.5 Legal Details 30 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 31 Section 4.1 Organization 73 5.1 Organization, Authority and Qualifications 31 Section 4.2 Authorization 73 5.2 Financial Statements 31 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 5.3 Compliance with Agreement and Laws 31 Section 5.4 Authorization; No Breach; and Valid Agreements 75 31 Section 4.9 Pension Plans 75 5.5 Litigation and Judgments 31 Section 4.10 Environmental Condition 76 5.6 Ownership of Properties 32 Section 4.11 Subsidiaries 76 5.7 Taxes 32 Section 4.12 5.8 Approvals Required 32 Section 5.9 Business; Status as Air Carrier 32 Section 5.10 ERISA Compliance 32 Section 5.11 Insurance 32 Section 5.12 Purpose of Loan 32 Section 5.13 Investment Company Act 76 32 Section 4.13 Taxes 76 5.14 General 33 ARTICLE VI COVENANTS 33 Section 4.14 Permits, Licenses, etc 77 6.1 Performance of Obligations 33 Section 4.15 6.2 Compliance with Laws 33 Section 6.3 Maintenance of Existence Licenses and Franchises: Compliance With Agreements 33 Section 6.4 Maintenance of Properties 33 Section 6.5 Maintenance of Books and Records 34 Section 6.6 Inspection 34 Section 6.7 Insurance 34 Section 6.8 Appraisals 34 Section 6.9 Coverage Ratio 34 Section 6.10 Reporting Requirements 34 Section 6.11 Use of Proceeds 77 35 Section 4.16 Condition 6.12 Pool Assets 36 Section 6.13 Restrictions on Liens 37 Section 6.14 Mergers and Dissolutions 37 Section 6.15 Assignment 37 ARTICLE VII EVENTS OF DEFAULT; REMEDIES 37 Section 7.1 Events of Property; Casualties 77 Default 37 Section 4.17 Insurance 77 7.2 Remedies Upon Default 39 Section 4.18 Security Interest 77 7.3 Remedies in General 39 ARTICLE VIII THE AGENTS 40 Section 4.19 OFAC; Anti-Terrorism 77 8.1 Authorization and Action 40 Section 4.20 Solvency 78 8.2 Agents' Reliance, Etc. 40 Section 4.21 Intellectual Property; Licenses8.3 Rights of Agents as Banks 40 Section 8.4 Bank Credit Decision 41 Section 8.5 Agents' Indemnity 41 Section 8.6 Successor Administrative Agent 41 Section 8.7 Notice of Default 42 Section 8.8 Documentation Agents and Syndication Agent 42 ARTICLE IX MISCELLANEOUS 42 Section 9.1 Amendments, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 42 Section 5.1 Organization 78 9.2 Notices, Etc. 43 Section 5.2 Reporting 79 9.3 No Waiver; Remedies 44 Section 5.3 Insurance 83 9.4 Costs, Expenses and Taxes 44 Section 5.4 Compliance with Laws 84 9.5 Indemnity 44 Section 5.5 Taxes 84 9.6 Right of Setoff 44 SECTION 9.7 GOVERNING LAW 45 Section 5.6 Security 84 9.8 Submission To Jurisdiction; Waivers 45 Section 5.7 New Subsidiaries 85 9.9 Survival of Representations and Warranties 45 Section 5.8 Records9.10 Binding Effect 45 Section 9.11 Successors and Assigns; Inspection 85 Participations 45 Section 5.9 Maintenance 9.12 Independence of Property 85 Covenants 48 Section 5.10 Deposit Accounts9.13 Severability 48 Section 9.14 Integration 48 Section 9.15 Descriptive Headings 48 Section 9.16 Execution in Counterparts 48 Section 9.17 WAIVERS OF JURY TRIAL 48 SCHEDULES Location of Lending Office; Securities Notice Information Schedule I Pool Assets Schedule II EXHIBITS Form of Competitive Bid Request Exhibit A-1 Form of Notice of Committed Borrowing Exhibit A-2 Form of Notice to Banks of Competitive Bid Request Exhibit B Form of Competitive Bid Exhibit C Form of Competitive Note Exhibit D-1 Form of Committed Note Exhibit D-2 Form of Company's Internal Counsel Opinion Exhibit E-1 Form of Company's Outside Counsel Opinion Exhibit E-2 Form of Agents' Counsel Opinion Exhibit E-3 Form of Financial Report Certificate Exhibit F Form of Assignment and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation Acceptance Exhibit G Form of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Appraisal Exhibit H

Appears in 1 contract

Samples: Credit Facility Agreement (Southwest Airlines Co)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 17 1.03 Accounting Terms 18 1.04 Rounding 18 1.05 Times of Day 18 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 EXTENSIONS 18 2.01 Committed Loans 18 2.02 Borrowings, Conversions and Continuations of Committed Loans 19 2.03 Use of Proceeds; Sublimits 20 2.04 [Reserved] 20 2.05 Prepayments 20 2.06 Termination or Reduction of Commitments 35 Section 2.2 21 2.07 Repayment of Loans 21 2.08 Interest 21 2.09 Fees 22 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Margin 22 2.11 Evidence of Indebtedness 37 Section 2.3 Letters Debt 23 2.12 Payments Generally; Agent’s Clawback 23 2.13 Sharing of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Payments 25 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 26 3.01 Taxes 26 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 27 3.03 Inability to Determine Rates 27 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 27 3.05 Compensation for Losses 29 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Obligations 29 3.07 Survival 29 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 29 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 29 4.02 Conditions to all Credit Extensions 32 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 33 5.01 Existence, Qualification and Power 33 5.02 Authorization; No Contravention 33 5.03 Governmental Authorization; Other Consents 33 5.04 Binding Effect 33 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 34 5.06 Litigation 34 5.07 No Default 35 5.08 Ownership and Liensof Property; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Liens 35 5.09 Environmental Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 35 5.10 Insurance 35 5.11 Taxes 35 5.12 ERISA Compliance 35 5.13 Subsidiaries 76 Section 4.12 36 5.14 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 36 5.15 Disclosure 36 5.16 Compliance with Laws 37 5.17 Taxpayer Identification Number 37 5.18 Intellectual Property; Licenses, Etc 78 37 5.19 Rights in Collateral; Priority of Liens 37 5.20 Absence of FAS 150 Liabilities 37 5.21 No Depositing Institution 37 5.22 FERPA Compliance 38 ARTICLE V VI. AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 38 6.01 Financial Statements 38 6.02 Certificates; Other Information 39 6.03 Notices 40 6.04 Payment of Obligations 41 6.05 Preservation of Existence, Etc 41 6.06 Maintenance of Properties 41 6.07 Maintenance of Insurance 83 Section 5.4 42 6.08 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 42 6.09 Books and Records 42 6.10 Inspection Rights 42 6.11 Use of Proceeds 42 6.12 Financial Covenants 42 6.13 Additional Guarantors 43 6.14 Collateral Records 43 6.15 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Interests 43 ARTICLE VI VII. NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 44 7.01 Liens 89 Section 6.3 44 7.02 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9345 7.03 Indebtedness 45 7.04 Fundamental Changes 46 7.05 Dispositions 46 7.06 Restricted Payments 47

Appears in 1 contract

Samples: Credit Agreement (Higher One Holdings, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 1.03 Accounting Terms 35 1.04 Rounding 36 1.05 Times of Day; Rates 36 ARTICLE II CREDIT FACILITIES 35 Section 2.1 II. THE COMMITMENTS 37 2.01 Loans 37 2.02 Borrowings, Conversions and Continuations of Loans 37 2.03 [Intentionally Omitted] 38 2.04 [Intentionally Omitted] 38 2.05 [Intentionally Omitted] 38 2.06 Prepayments 38 2.07 Termination or Reduction of Commitments 35 Section 2.2 39 2.08 Repayment of Loans 40 2.09 Interest 40 2.10 Fees 40 2.11 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 41 2.12 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section Debt 41 2.13 Payments and Computations 57 Section Generally; Administrative Agent’s Clawback 42 2.14 Sharing of Payments by Lenders 44 2.15 [Intentionally Omitted] 44 2.16 Incremental Term Loans 44 2.17 [Intentionally Omitted] 45 2.18 Defaulting Lenders 45 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 47 3.01 Taxes 59 Section 2.15 47 3.02 Illegality 52 3.03 Inability to Determine Rates 52 3.04 Increased Costs; Reserves on LIBOR Loans 53 3.05 Compensation for Losses 55 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 55 3.07 Survival 56 ARTICLE III IV. CONDITIONS PRECEDENT 69 Section 3.1 56 4.01 Conditions Precedent of Effectiveness 56 4.02 Conditions to Initial all Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 58 ARTICLE IV V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 59 5.01 Existence, Qualification and Power 59 5.02 Authorization; No Contravention 59 5.03 Governmental Authorization; Other Consents 59 5.04 Binding Effect 59 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 60 5.06 Litigation 60 5.07 No Default 60 5.08 Ownership and Liensof Property 61 5.09 Environmental Compliance 61 5.10 Insurance 62 5.11 Taxes 62 5.12 ERISA Compliance 62 5.13 Subsidiaries; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Equity Interests 63 5.14 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC63 5.15 Disclosure 64 5.16 Compliance with Laws 64 5.17 Anti-Money Laundering Laws; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Corruption Laws 64 5.18 Intellectual Property; Licenses, Etc 78 Etc. 64 5.19 OFAC; Designated Jurisdictions 65 5.20 Solvency 65 5.21 Casualty, Etc. 65 5.22 Unencumbered Properties 65 5.23 Subsidiary Guarantors 65 ARTICLE V VI. AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 65 6.01 Financial Statements 65 6.02 Certificates; Other Information 67 6.03 Notices 69 6.04 Payment of Obligations 70 6.05 Preservation of Existence, Etc. 70 6.06 Maintenance of Properties 70 6.07 Maintenance of Insurance 83 Section 5.4 71 6.08 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records71 6.09 Books and Records 71 6.10 Inspection Rights 71 6.11 Use of Proceeds 71 6.12 Additional Unencumbered Properties; Inspection 85 Section 5.9 Additional Guarantors 72 6.13 Compliance with Environmental Laws 73 6.14 Sanctions; Anti-Money Laundering Laws; Anti-Corruption Laws 73 6.15 Further Assurances 73 6.16 Maintenance of Property 85 Section 5.10 Deposit AccountsREIT Status; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 New York Stock Exchange or NASDAQ Listing 73 ARTICLE VI VII. NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 74 7.01 Liens 89 Section 6.3 74 7.02 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 74 7.03 Indebtedness 76 7.04 Minimum Property Condition 76 7.05 Fundamental Changes; Dispositions 76 7.06 Restricted Payments 77 7.07 Change in Nature of Business 78 7.08 Transactions with Affiliates 78 7.09 Burdensome Agreements Restricting Liens 93 Section 6.6 79 7.10 Use of ProceedsProceeds 79 7.11 Financial Covenants 80 7.12 Accounting Changes 80 7.13 Amendment, Waivers and Terminations of Organization Documents 80 7.14 Parent Covenants 80 7.15 Sanctions; Use Anti-Money Laundering Laws; Anti-Corruption Laws 81 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES 82 8.01 Events of Letters Default 82 8.02 Remedies Upon Event of Credit 93Default 84 8.03 Application of Funds 84 ARTICLE IX. ADMINISTRATIVE AGENT 85 9.01 Appointment and Authority 85 9.02 Rights as a Lender 85 9.03 Exculpatory Provisions 86 9.04 Reliance by Administrative Agent 87 9.05 Delegation of Duties 88 9.06 Resignation of Administrative Agent 88 9.07 No Other Duties, Etc. 89 9.08 Administrative Agent May File Proofs of Claim 89 9.09 Guaranty Matters 90 ARTICLE X. MISCELLANEOUS 90 10.01 Amendments, Etc. 90 10.02 Notices; Effectiveness; Electronic Communication 92 10.03 No Waiver; Cumulative Remedies; Enforcement 94

Appears in 1 contract

Samples: Term Loan Agreement (Empire State Realty OP, L.P.)

Definitions and Accounting Terms. 1 Section 1.1 1.01. Certain Defined Terms 1 Section 1.2 1.02. Computation of Time Periods 23 Section 1.03. Accounting Terms 24 Section 1.04. Pro Forma Calculations 24 Section 1.05. Divisions 24 Section 1.06. Benchmark Replacement 24 ARTICLE 2 Amounts and Terms Of The Advances Section 2.01. The Advances 24 Section 2.02. Making the Advances 26 Section 2.03. [Reserved] 27 Section 2.04. Fees 27 Section 2.05. Termination or Reduction of the Commitments 28 Section 2.06. Repayment of Advances 29 Section 2.07. Interest on Advances 29 Section 2.08. Interest Rate Determination 29 Section 2.09. Optional Conversion of Advances 31 Section 2.10. Prepayments of Advances 32 Section 2.11. Increased Costs 32 Section 2.12. Illegality 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 2.13. Payments and Computations 57 34 Section 2.14 2.14. Taxes 59 36 Section 2.15 2.15. Sharing of Payments, Etc 39 Section 2.16. Evidence of Debt 40 Section 2.17. Use of Proceeds 40 Section 2.18. Increase in the Aggregate Commitments 41 Section 2.19. Extension of Termination Date 42 Section 2.20. Defaulting Lenders 43 Section 2.21. Mitigation Obligations; Replacement of Lenders 63 44 Section 2.16 Increase in Commitments 64 2.22. Termination of Borrowers 45 Section 2.17 Defaulting Lender Provisions 65 2.23. Benchmark Replacement 45 ARTICLE 3 Conditions to Effectiveness and Lending Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 3.01. Conditions Precedent to Effectiveness of Section 2.01 46 Section 3.02. Initial Borrowings and the Initial Letter of Credit 69 Advance to Each Designated Subsidiary 47 Section 3.2 3.03. Conditions Precedent to Each Credit Borrowing, Commitment Increase and Commitment Extension 72 48 Section 3.3 3.04. Conditions Precedent to Additional Commitment Availability Date 49 Section 3.05. Determinations Under Section 3.1 3.01, 3.02 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 933.04 50

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 12 ARTICLE II CREDIT FACILITIES 35 LOANS 12 Section 2.1 Commitments 35 12 Section 2.2 Evidence of Indebtedness 37 Competitive Bid Procedure 12 Section 2.3 Letters of Credit 37 Committed Borrowing Procedure 14 Section 2.4 Swingline Advances 44 Refinancings; Conversions 15 Section 2.5 Borrowings; Procedures and Limitations 47 Fees 16 Section 2.6 Prepayments 50 Termination and Reduction of Commitments 16 Section 2.7 Repayment 52 Loans 16 Section 2.8 Fees 53 Loan Accounts 17 Section 2.9 Interest 54 on Loans 18 Section 2.10 Illegality 55 Interest on Overdue Amounts 19 Section 2.11 Breakage Costs 55 Alternate Rate of Interest 19 Section 2.12 Increased Costs 56 Prepayment of Loans 19 Section 2.13 Payments and Computations 57 Reserve Requirements; Change in Circumstances 20 Section 2.14 Taxes 59 Change in Legality 22 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Indemnity 22 Section 2.16 Increase in Commitments 64 Pro Rata Treatment 23 Section 2.17 Defaulting Lender Provisions 65 Sharing of Setoffs 23 Section 2.18 Borrowing Base Adjustments 68 Payments 24 Section 2.19 Tax Forms 24 Section 2.20 Calculation of LIBO Rates 25 Section 2.21 Booking Loans 25 Section 2.22 Quotation of Rates 25 ARTICLE III CONDITIONS PRECEDENT 69 OF LENDING 25 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 25 Section 3.2 Conditions Precedent to Each Credit Extension 72 Committed Borrowing 26 Section 3.3 Determinations Under Conditions Precedent to Each Competitive Borrowing 26 Section 3.1 and Section 3.2 73 3.4 Legal Details 27 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 27 Section 4.1 Organization 73 Organization, Authority and Qualifications 27 Section 4.2 Authorization 73 Financial Statements 28 Section 4.3 Enforceability 74 Compliance with Agreement and Laws 28 Section 4.4 Financial Condition 74 Authorization; No Breach; and Valid Agreements 28 Section 4.5 Ownership Litigation and Liens; Real Property 74 Judgments 28 Section 4.6 True and Complete Disclosure 74 Ownership of Properties 28 Section 4.7 Litigation 75 Taxes 28 Section 4.8 Compliance with Agreements 75 Approvals Required 28 Section 4.9 Pension Plans 75 Business; Status as Air Carrier 29 Section 4.10 Environmental Condition 76 ERISA Compliance 29 Section 4.11 Subsidiaries 76 Insurance 29 Section 4.12 Purpose of Loan 29 Section 4.13 Investment Company Act 76 Section 4.13 Taxes 76 29 Section 4.14 Permits, Licenses, etc 77 General 29 ARTICLE V COVENANTS 29 Section 4.15 5.1 Performance of Obligations 29 Section 5.2 Compliance with Laws 29 Section 5.3 Maintenance of Existence Licenses and Franchises: Compliance With Agreements 30 Section 5.4 Maintenance of Properties 30 Section 5.5 Maintenance of Books and Records 30 Section 5.6 Inspection 30 Section 5.7 Insurance 31 Section 5.8 Appraisals 31 Section 5.9 Coverage Ratio 31 Section 5.10 Reporting Requirements 31 Section 5.11 Use of Proceeds 77 32 Section 4.16 Condition 5.12 Pool Assets 32 Section 5.13 Restrictions on Liens 33 Section 5.14 Mergers and Dissolutions 33 Section 5.15 Assignment 34 ARTICLE VI EVENTS OF DEFAULT; REMEDIES 34 Section 6.1 Events of Property; Casualties 77 Default 34 Section 4.17 Insurance 77 6.2 Remedies Upon Default 35 Section 4.18 Security Interest 77 6.3 Remedies in General 36 ARTICLE VII THE AGENTS 36 Section 4.19 OFAC; Anti-Terrorism 77 7.1 Authorization and Action 36 Section 4.20 Solvency 78 7.2 Agents' Reliance, Etc. 36 Section 4.21 Intellectual Property; Licenses7.3 Rights of Agents as Banks 37 Section 7.4 Bank Credit Decision 37 Section 7.5 Agents' Indemnity 37 Section 7.6 Successor Administrative Agent 38 Section 7.7 Notice of Default 38 Section 7.8 Documentation Agents and Syndication Agent 38 ARTICLE VIII MISCELLANEOUS 38 Section 8.1 Amendments, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 38 Section 5.1 Organization 78 8.2 Notices, Etc. 39 Section 5.2 Reporting 79 8.3 No Waiver; Remedies 40 Section 5.3 Insurance 83 8.4 Costs, Expenses and Taxes 40 Section 5.4 Compliance with Laws 84 8.5 Indemnity 40 Section 5.5 Taxes 84 8.6 Right of Setoff 41 SECTION 8.7 GOVERNING LAW 41 Section 5.6 Security 84 8.8 Submission To Jurisdiction; Waivers 41 Section 5.7 8.9 Survival of Representations and Warranties 41 Section 8.10 Binding Effect 41 Section 8.11 Successors and Assigns; Participations 42 Section 8.12 Independence of Covenants 44 Section 8.13 Severability 44 Section 8.14 Integration 44 Section 8.15 Descriptive Headings 44 Section 8.16 Execution in Counterparts 45 Section 8.17 WAIVERS OF JURY TRIAL 45 SCHEDULES Location of Lending Office; Notice Information Schedule I Pool Assets Schedule II EXHIBITS Form of Competitive Bid Request Exhibit A-1 Form of Notice of Committed Borrowing Exhibit A-2 Form of Notice to Banks of Competitive Bid Request Exhibit B Form of Competitive Bid Exhibit C Form of Competitive Note Exhibit D-1 Form of Committed Note Exhibit D-2 Form of Company's Internal Counsel Opinion Exhibit E-1 Form of Company's Outside Counsel Opinion Exhibit E-2 Form of Agents' Counsel Opinion Exhibit E-3 Form of Financial Report Certificate Exhibit F Form of Assignment and Acceptance Exhibit G Form of Appraisal Exhibit H 364-DAY COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT 364-DAY COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT dated as of April 23, 2002, among SOUTHWEST AIRLINES CO., a Texas corporation (the "Company"), the Banks, JPMORGAN CHASE BANK, a New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance York banking corporation, as administrative agent for the Banks (in such capacity, the "Administrative Agent"), CITIBANK, N.A., a national banking association, as syndication agent for the Banks (in such capacity, the "Syndication Agent"), BANK ONE CORPORATION, a Delaware corporation and SUNTRUST BANK, a Georgia corporation, as documentation agents for the Banks (collectively, in such capacity, the "Documentation Agents"). The Company has requested the Banks to extend credit to the Company in order to enable it to borrow on a revolving credit basis on and after the Effective Date and at any time and from time to time prior to the Termination Date (each as herein defined) in an aggregate principal amount not in excess of Property 85 Section 5.10 Deposit Accounts; Securities $287,500,000 at any time outstanding. The maturity of such borrowings may be extended by one year pursuant to a term-out option described herein. The Company has also requested the Banks to provide a procedure pursuant to which the Company may designate that all of the Banks be invited to bid on an uncommitted basis on borrowings by the Company scheduled to mature on or prior to the Termination Date. The Banks are willing to extend such credit to the Company on the terms and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93conditions herein set forth. Accordingly, the Company, the Agents, and the Banks agree as follows:

Appears in 1 contract

Samples: Credit Facility Agreement (Southwest Airlines Co)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 2 Section 1.2 Computation Use of Time Periods 34 Defined Terms 43 Section 1.3 Accounting Terms; Changes in GAAP 34 Cross-References 43 Section 1.4 Classes Accounting and Types of Advances 34 Financial Determinations 44 Section 1.5 Other Interpretive Provisions 35 Exchange Rates; Currency Equivalents 44 Section 1.6 Letter of Credit Amounts 45 ARTICLE II COMMITMENTS, BORROWING AND ISSUANCE PROCEDURES, NOTES AND LETTERS OF CREDIT FACILITIES 35 Section 2.1 Commitments 35 45 Section 2.2 Evidence Increase or Reduction of Indebtedness 37 the Commitment Amounts 47 Section 2.3 Letters of Credit 37 Borrowing Procedures 48 Section 2.4 Swingline Advances 44 Continuation and Conversion Elections 50 Section 2.5 Borrowings; Procedures and Limitations 47 Funding 51 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit Issuance Procedures 51 Section 2.7 Register; Notes 59 Section 2.8 Canadian BAs 60 Section 2.9 Incremental Facilities 61 Section 2.10 Extension of Maturity Date 63 Section 2.11 Cash Collateral 65 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1 Repayments and Prepayments; Application 66 Section 3.2 Interest Provisions 69 Section 3.2 Conditions Precedent to Each 3.3 Fees 71 ARTICLE IV CERTAIN LIBO RATE, CANADIAN BA AND OTHER PROVISIONS Section 4.1 Fixed Rate Lending Unlawful 72 Section 4.2 Deposits Unavailable; Circumstances making Canadian BAs Unavailable 72 Section 4.3 Increased Loan Costs, etc 72 TABLE OF CONTENTS (Continued) Page Section 4.4 Funding Losses 73 Section 4.5 Increased Capital Costs 73 Section 4.6 Taxes 74 Section 4.7 Payments, Computations; Proceeds of Collateral, etc 78 Section 4.8 Sharing of Payments 79 Section 4.9 Setoff 80 Section 4.10 Mitigation 80 Section 4.11 Removal of Lenders 80 ARTICLE V CONDITIONS TO CREDIT EXTENSIONS Section 5.1 Initial Credit Extension 72 81 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 5.2 All Credit Extensions 86 ARTICLE IV VI REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses6.1 Organization, etc 77 86 Section 4.15 Use 6.2 Due Authorization, Non-Contravention, etc 87 Section 6.3 Government Approval, Regulation, etc 87 Section 6.4 Validity, etc 87 Section 6.5 Financial Information 87 Section 6.6 No Material Adverse Change 87 Section 6.7 Litigation, Labor Controversies, etc 87 Section 6.8 Subsidiaries; Equity Interests; Obligors 88 Section 6.9 Ownership of Proceeds 77 Properties 88 Section 4.16 Condition 6.10 Taxes 88 Section 6.11 Pension and Welfare Plans 88 Section 6.12 Environmental Warranties 89 Section 6.13 Accuracy of PropertyInformation 90 Section 6.14 Regulations U and X 90 Section 6.15 Insurance 91 Section 6.16 Solvency 91 Section 6.17 Security Agreements 91 Section 6.18 Intellectual Property 91 Section 6.19 Issuance of Subordinated Debt; Casualties 77 Status of Obligations as Senior Indebtedness, etc 91 Section 4.17 Insurance 77 6.20 Patriot Act; FCPA; OFAC 92 Section 4.18 Security Interest 77 6.21 Quebec Based Collateral 92 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses6.22 Casualty, Etc 78 92 TABLE OF CONTENTS (Continued) Page ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93VII

Appears in 1 contract

Samples: Credit Agreement (Mitel Networks Corp)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 42 Section 1.03 Accounting Terms 43 Section 1.04 Rounding 44 Section 1.05 Exchange Rates; Currency Equivalents 44 Section 1.06 Alternative Currencies 44 Section 1.07 Change of Currency 45 Section 1.08 Times of Day 45 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 Commitments 35 2.01 The Loans 45 Section 2.2 Evidence 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Loans 46 Section 2.3 2.03 Letters of Credit 37 48 Section 2.4 Swingline Advances 44 2.04 Borrowing Base Calculations; Inclusion of Assets in Borrowing Base 58 Section 2.5 Borrowings; Procedures and Limitations 47 2.05 Prepayments 59 Section 2.6 Prepayments 50 2.06 Termination or Reduction of Commitments 60 Section 2.7 2.07 Repayment 52 of Loans 61 Section 2.8 2.08 Interest 62 Section 2.09 Fees 53 Section 2.9 Interest 54 62 Section 2.10 Illegality 55 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 63 Section 2.11 Breakage Costs 55 Evidence of Debt 64 Section 2.12 Payments Generally; Administrative Agent’s Clawback 64 Section 2.13 Sharing of Payments by Lenders 66 Section 2.14 Increase in Revolving Credit Facility 67 Section 2.15 Increase in Term Loan Facility 69 Section 2.16 Defaulting Lenders 70 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01 Taxes 72 Section 3.02 Illegality 77 Section 3.03 Inability to Determine Rates 77 Section 3.04 Increased Costs 56 78 Section 2.13 Payments and Computations 57 3.05 Compensation for Losses 79 Section 2.14 Taxes 59 Section 2.15 3.06 Mitigation Obligations; Replacement of Lenders 63 80 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 81 ARTICLE III IV CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 81 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 4.02 Conditions to all Credit Extensions 84 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens5.01 Existence; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Law 85 Section 4.9 Pension Plans 75 5.02 Power; Authorization; Enforceable Obligations 86 Section 4.10 Environmental Condition 76 5.03 No Legal Bar 86 Section 4.11 Subsidiaries 76 5.04 No Material Litigation 86 Section 4.12 5.05 Financial Statements; No Material Adverse Effect 87 Section 5.06 No Default 88 Section 5.07 Ownership of Property; Liens 88 Section 5.08 Intellectual Property 88 Section 5.09 Taxes 88 Section 5.10 Federal Regulations 88 Section 5.11 Labor Matters 89 Section 5.12 ERISA Compliance 89 Section 5.13 Investment Company Act 76 Act; Other Regulations 90 Section 4.13 Taxes 76 5.14 Subsidiaries 90 Section 4.14 Permits, Licenses, etc 77 Section 4.15 5.15 Use of Proceeds 77 90 Section 4.16 Condition 5.16 Environmental Matters 90 Section 5.17 Accuracy of Information, etc 91 Section 5.18 Collateral Documents 92 Section 5.19 Solvency 92 Section 5.20 Insurance 92 Section 5.21 OFAC 92 ARTICLE VI AFFIRMATIVE COVENANTS Section 6.01 Financial Statements 93 Section 6.02 Certificates; Other Information 93 Section 6.03 Notices 95 Section 6.04 Conduct of Business and Maintenance of Existence, etc 96 Section 6.05 Maintenance of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9396

Appears in 1 contract

Samples: Assignment and Assumption (Parker Drilling Co /De/)

Definitions and Accounting Terms. 1 Section 1.1 2 SECTION 1.01. Certain Defined Terms 1 Section 1.2 2 SECTION 1.02. Computation of Time Periods 34 Section 1.3 23 SECTION 1.03. Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Terms 23 SECTION 1.04. Permitted Liens 2423 SECTION 1.05. Other Interpretive Provisions 35 24 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence AMOUNTS AND TERMS OF THE LOANS 24 SECTION 2.01. The Loans 24 SECTION 2.02. Making the Loans 24 SECTION 2.03. Fees 2524 SECTION 2.04. Repayment of Indebtedness 37 Section 2.3 Letters Loans 25 SECTION 2.05. Interest on Loans 25 SECTION 2.06. Interest Rate Determination 25 SECTION 2.07. Optional Conversion of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Loans 2726 SECTION 2.08. Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 of Loans 27 SECTION 2.09. Increased Costs 56 Section 2.13 29 SECTION 2.10. Illegality 30 SECTION 2.11. Payments and Computations 57 Section 2.14 30 SECTION 2.12. Taxes 59 Section 2.15 Mitigation Obligations; 31 SECTION 2.13. Sharing of Payments, Etc 34 SECTION 2.14. Evidence of Debt 35 SECTION 2.15. Use of Proceeds 35 SECTION 2.16. Defaulting Lenders 35 SECTION 2.17. Replacement of Certain Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 35 SECTION 2.18. [Reserved] 36 SECTION 2.19. [Reserved] 36 SECTION 2.20. Effect of Conversion to Exit Facility 36 SECTION 2.21. Certain Pledges of Stock 36 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 TO EFFECTIVENESS AND LENDING 3736 SECTION 3.01. Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 3736 SECTION 3.02. Determinations Under Section 3.1 and Section 3.2 73 this Agreement 38 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 38 SECTION 4.01. Representations and Warranties of the Company 38 ARTICLE V COVENANTS OF THE COMPANY 4342 SECTION 5.01. Affirmative Covenants 4342 SECTION 5.02. Negative Covenants 49 SECTION 5.03. Financial Covenants 57 ARTICLE VI EVENTS OF DEFAULT 5958 SECTION 6.01. Events of Default 5958 SECTION 6.02. Application of Funds; Intercreditor Provisions 61 ARTICLE VII GUARANTY 62 SECTION 7.01. Guaranty; Limitation of Liability 62 SECTION 7.02. Guaranty Absolute 63 SECTION 7.03. Waivers and Acknowledgments 64 SECTION 7.04. Subrogation 6564 SECTION 7.05. Guaranty Supplements 65 SECTION 7.06. Subordination 6665 SECTION 7.07. Continuing Guaranty; Assignments 66 ARTICLE VIII THE AGENT 6766 SECTION 8.01. Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and LiensAction 6766 SECTION 8.02. Agent Individually 67 SECTION 8.03. Duties of Agent; Real Property 74 Section 4.6 True Exculpatory Provisions 68 SECTION 8.04. Reliance by Agent 69 SECTION 8.05. Indemnification 69 SECTION 8.06. Delegation of Duties 7069 SECTION 8.07. Resignation of Agent 70 SECTION 8.08. Non-Reliance on Agent and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 PermitsOther Lenders 70 SECTION 8.09. Agent May File Proofs of Claim 71 SECTION 8.10. Intercreditor Agreement 7271 ARTICLE IX MISCELLANEOUS 72 SECTION 9.01. Amendments, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesWaivers 72 SECTION 9.02. Notices, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 7372 SECTION 9.03. No Waiver; Remedies 74 SECTION 9.04. Costs and Expenses 75 SECTION 9.05. Payments Set Aside 76 SECTION 9.06. Right of Set-off 7776 SECTION 9.07. Binding Effect 77 SECTION 9.08. Assignments and Participations 77 SECTION 9.09. Confidentiality 80 SECTION 9.10. Execution in Counterparts 81 SECTION 9.11. Survival of Representations and Warranties 81 SECTION 9.12. Severability 81 SECTION 9.13. Jurisdiction 8281 SECTION 9.14. PATRIOT Act Notice 8382 SECTION 9.15. Release of Collateral; Termination of Loan Documents 8382 SECTION 9.16. Judgment Currency 83 SECTION 9.17. No Fiduciary Duty 8483 SECTION 9.18. Electronic Execution of Assignments and Certain Other Documents 84 LOAN AGREEMENT This LOAN AGREEMENT, dated as of [ ], 2013, among XXXXXXX KODAK COMPANY, a New Jersey corporation (the “Company”), the U.S. Subsidiaries of the Company party hereto, as Guarantors, the banks, financial institutions and other institutional lenders from time to time party hereto (the “Lenders”), and Wilmington Trust, National Association, as administrative agent and collateral agent for the Lenders. INTRODUCTORY STATEMENT On January 19, 2012 (the “Petition Date”), the Company (such term and each other capitalized term used but not otherwise defined herein having the meaning assigned to it in Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance 1.01) and each of the U.S. Subsidiary Guarantors (collectively, the “Debtors”) filed voluntary petitions with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance the Bankruptcy Court initiating their respective cases that are pending under Chapter 11 of Property 85 Section 5.10 Deposit Accounts; Securities the Bankruptcy Code (the cases of the Company and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation the U.S. Subsidiary Guarantors, each a “Case” and collectively, the “Cases”) and continued in the possession of Senior their assets and in the management of their business pursuant to Sections 1107 and 1108 of the Bankruptcy Code. Certain of the Lenders provided the Company with certain debtor-in-possession term loan facilities in an aggregate principal amount of $[843,650848,200,000], consisting of (i) first lien “first out”new money term loans in the aggregate principal amount of $$[473,200,000,000, (ii) first lien “last out” term loans in the aggregate principal amount of $[268,650,000],] and (iii) second lien term loans in the aggregate principal amount of $375,000,000, which were deemed made in exchange for certain Second Lien Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93(defined below).

Appears in 1 contract

Samples: Loan Agreement

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 ARTICLE 79 Section 1.03 Accounting Terms 80 Section 1.04 Rounding 80 Section 1.05 References to Agreements, Laws, Etc. 80 Section 1.06 Times of Day 80 Section 1.07 Timing of Payment or Performance 80 Section 1.08 Currency Equivalents Generally 81 Section 1.09 Letter of Credit Amounts 81 Section 1.10 Divisions 81 Section 1.11 Limited Condition Acquisitions 81 Article II CREDIT FACILITIES 35 The Commitments and Credit Extensions Section 2.1 2.01 Commitment of the Lenders 83 Section 2.02 Reserves; Changes to Reserves 84 Section 2.03 Borrowings, Conversions and Continuations of Revolving Loans 85 Section 2.04 Overadvances 87 Section 2.05 Swingline Loans 87 Section 2.06 Letters of Credit 88 Section 2.07 Optional Termination or Reduction of Commitments 35 93 Section 2.2 2.08 Optional Prepayment of Loans; Reimbursement of Lenders 95 Section 2.09 Mandatory Prepayment; Commitment Termination; Cash Collateral 96 Section 2.10 Interest 97 Section 2.11 Fees 98 Section 2.12 Computation of Interest and Fees 99 Section 2.13 Evidence of Indebtedness 37 99 Section 2.3 Letters 2.14 Payments Generally 100 Section 2.15 Sharing of Credit 37 Payments 102 Section 2.4 Swingline Advances 44 2.16 Settlement Among Lenders 103 Section 2.5 Borrowings2.17 Additional Commitments 104 Section 2.18 Designation of Lead Borrower as Borrowers’ Agent 109 Section 2.19 Cash Management 110 Section 2.20 Maintenance of Loan Account; Procedures and Limitations 47 Statements of Account 113 Section 2.6 Prepayments 50 2.21 Additional Borrowers 114 Section 2.7 Repayment 52 2.22 Additional Caribbean Parties 114 Section 2.8 Fees 53 2.23 Extension Amendments 115 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 2.24 Defaulting Lenders 119 Article III Taxes, Increased Costs 56 Protection and Illegality Section 2.13 Payments and Computations 57 3.01 Taxes 122 Section 2.14 Taxes 59 3.02 Illegality 125 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent 3.03 Inability to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Determine Rates 125

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 110 Section 1.03 Accounting Terms 115 Section 1.04 Rounding 116 Section 1.05 References to Agreements and Laws 116 Section 1.06 Times of Day 116 Section 1.07 Timing of Payment or Performance 117 Section 1.08 Currency Equivalents Generally 117 Section 1.09 Letter of Credit Amounts 118 Section 1.10 Pro Forma Calculations 118 Section 1.11 Calculation of Consolidated Total Assets Basket 119 Section 1.12 Cashless Rollovers 119 Section 1.13 Interest Rates 119 Section 1.14 Limited Condition Transaction 120 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS 121 Section 2.1 2.01 The Loans 121 Section 2.02 Borrowings, Conversions and Continuations of Loans 121 Section 2.03 Letters of Credit 124 Section 2.04 [Reserved] 135 Section 2.05 Prepayments 135 Section 2.06 Termination or Reduction of Commitments 35 137 Section 2.2 2.07 Repayment of Loans 139 Section 2.08 Interest 139 Section 2.09 Fees 140 Section 2.10 Computation of Interest and Fees 140 Section 2.11 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 141 Section 2.12 Increased Costs 56 Payments Generally; Administrative Agent’s Clawback 142 Section 2.13 Sharing of Payments and Computations 57 144 Section 2.14 Taxes 59 Incremental Facilities 145 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Reserved 151 Section 2.16 Increase in Commitments 64 Cash Collateral 152 Section 2.17 Defaulting Lender Provisions 65 Lenders 153 Section 2.18 Borrowing Base Adjustments 68 Specified Refinancing Debt 154 Section 2.19 Extension of Revolving Credit Commitments 157 Section 2.20 Reserved 160 Section 2.21 Alternative Currencies 161 ARTICLE III CONDITIONS PRECEDENT 69 TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY 161 Section 3.1 Conditions Precedent to Initial Borrowings 3.01 Taxes 161 Section 3.02 Alternate Rate of Interest. 166 Section 3.03 Illegality 167 Section 3.04 [Reserved] 168 Section 3.05 Increased Cost and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 Reduced Return; Capital Adequacy and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Liquidity Requirements 168 TABLE OF CONTENTS (continued) Page

Appears in 1 contract

Samples: Credit Agreement (CarGurus, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes 1.02 Terms Generally and Types of Advances 34 Section 1.5 Other Certain Interpretive Provisions 35 49 Section 1.03 Limited Condition Transactions 49 Section 1.04 Classification and Reclassification 50 Section 1.05 Currency Equivalents Generally 51 ARTICLE II 2 AMOUNT AND TERMS OF CREDIT FACILITIES 35 Section 2.1 2.01 The Commitments 35 51 Section 2.2 2.02 Loans 51 Section 2.03 Borrowing Procedure 52 Section 2.04 Evidence of Indebtedness 37 Debt; Repayment of Loans 53 Section 2.3 2.05 Fees 54 Section 2.06 Interest on Loans 55 Section 2.07 Termination and Reduction of Commitments 55 Section 2.08 Interest Elections 56 Section 2.09 Optional and Mandatory Prepayments of Loans 57 Section 2.10 Payments Generally; Pro Rata Treatment; Sharing of Setoffs 58 Section 2.11 Defaulting Lenders 60 Section 2.12 Swingline Loans 60 Section 2.13 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 61 Section 2.14 Taxes 59 Settlement Amongst Lenders 66 Section 2.15 Mitigation Obligations; Revolving Commitment Increase 67 Section 2.16 Lead Borrower 68 Section 2.17 Overadvances 68 Section 2.18 Protective Advances 69 Section 2.19 Extended Loans 69 ARTICLE 3 YIELD PROTECTION, ILLEGALITY AND REPLACEMENT OF LENDERS Section 3.01 Increased Costs, Illegality, etc. 71 Section 3.02 Compensation 72 Section 3.03 Change of Lending Office 72 Section 3.04 Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 3.05 Inability to Determine Rates 73 Section 4.1 Organization 3.06 LIBOR Successor Rate 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 Page ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 934 [RESERVED]

Appears in 1 contract

Samples: Revolving Credit Agreement (Interior Logic Group Holdings, LLC)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 16 Section 1.4 1.3 Classes and Types of Advances 34 16 Section 1.5 1.4 Other Interpretive Provisions 35 16 ARTICLE II II. CREDIT FACILITIES 35 17 Section 2.1 Commitments 35 17 Section 2.2 Evidence of Indebtedness 37 20 Section 2.3 Letters of Credit 37 20 Section 2.4 Swingline Advances 44 25 Section 2.5 Borrowings; Procedures and Limitations 47 27 Section 2.6 Prepayments 50 30 Section 2.7 Repayment 52 30 Section 2.8 Fees 53 30 Section 2.9 Interest 54 31 Section 2.10 Illegality 55 32 Section 2.11 Breakage Costs 55 32 Section 2.12 Increased Costs 56 33 Section 2.13 Payments and Computations 57 34 Section 2.14 Taxes 59 36 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 39 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 40 ARTICLE III III. CONDITIONS PRECEDENT 69 42 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Extension 42 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 44 ARTICLE IV IV. REPRESENTATIONS AND WARRANTIES 73 44 Section 4.1 Organization 73 44 Section 4.2 Authorization 73 44 Section 4.3 Enforceability 74 45 Section 4.4 Financial Condition 74 45 Section 4.5 Ownership and Liens; Real Property 74 Liens 45 Section 4.6 True and Complete Disclosure 74 45 Section 4.7 Litigation 75 45 Section 4.8 Compliance with Agreements 75 46 Table of Contents (continued) Section 4.9 Pension Plans 75 46 Section 4.10 Environmental Condition 76 46 Section 4.11 Subsidiaries 76 47 Section 4.12 Investment Company Act 76 47 Section 4.13 Taxes 76 47 Section 4.14 Permits, Licenses, etc 77 etc. 47 Section 4.15 Use of Proceeds 77 47 Section 4.16 Condition of Property; Casualties 77 48 Section 4.17 Insurance 77 48 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 48 ARTICLE V V. AFFIRMATIVE COVENANTS 78 48 Section 5.1 Organization 78 48 Section 5.2 Reporting 79 48 Section 5.3 Insurance 83 51 Section 5.4 Compliance with Laws 84 51 Section 5.5 Taxes 84 51 Section 5.6 Security 84 Additional Guarantors 51 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 52 Section 5.9 5.8 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 52 ARTICLE VI VI. NEGATIVE COVENANTS 88 52 Section 6.1 Debt 88 52 Section 6.2 Liens 89 52 Section 6.3 Investments 91 53 Section 6.4 Acquisitions 92 54 Section 6.5 Agreements Restricting Liens 93 Liens; Negative Pledge 54 Section 6.6 Use of Proceeds; Use of Letters of Credit 9354

Appears in 1 contract

Samples: Credit Agreement (Helmerich & Payne Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.1. Defined Terms 1 Section 1.2 Computation 1.2. Use of Time Periods 34 Defined Terms 18 Section 1.3 1.3. Cross-References 19 Section 1.4. Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 Financial Determinations 19 ARTICLE II CREDIT FACILITIES 35 COMMITMENT AND BORROWING PROCEDURES Section 2.1 Commitments 35 2.1. Commitment 19 Section 2.2 Evidence 2.2. Borrowing Procedure 19 Section 2.3. Funding 19 Section 2.4. Reduction of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 the Commitment Amounts 20 ARTICLE III CONDITIONS PRECEDENT 69 REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1 Conditions Precedent to Initial Borrowings 3.1. Repayments and the Initial Letter of Credit 69 Prepayments; Application 20 Section 3.2 Conditions Precedent to Each Credit Extension 72 3.2. Repayments and Prepayments 20 Section 3.3 Determinations Under 3.3. Application 21 Section 3.1 and 3.4. Interest Rate 21 Section 3.2 73 3.5. Default Rate 21 Section 3.6. Payment Dates 21 Section 3.7. Prepayment Premium 21 Section 3.8. Additional Interest Premium Payment 21 ARTICLE IV LIBO RATE AND OTHER PROVISIONS Section 4.1. Increased Costs, Etc. 22 Section 4.2. Increased Capital Costs 22 Section 4.3. Taxes 22 Section 4.4. Payments, Computations; Proceeds of Collateral, Etc. 24 Section 4.5. Setoff 25 Section 4.6. LIBO Rate Not Determinable 25 ARTICLE V CONDITIONS TO MAKING THE LOANS Section 5.1. Credit Extensions 25 Section 5.2. Secretary’s Certificate, Etc. 26 Section 5.3. Closing Date Certificate 26 Section 5.4. Payment of Outstanding Indebtedness, Etc. 27 Section 5.5. Delivery of Note 27 Section 5.6. Financial Information, Etc. 27 Section 5.7. Compliance Certificate 27 Section 5.8. Solvency, Etc. 27 Section 5.9. Guarantee 27 Section 5.10. Security Documents 28 Section 5.11. [Intentionally Omitted] 28 Section 5.12. Opinions of Counsel 28 Section 5.13. Insurance 28 Section 5.14. Closing Fees, Expenses, Etc. 29 Section 5.15. Anti-Terrorism Laws 29 Section 5.16. Satisfactory Legal Form 29 Section 5.17. Disclosure Schedules 29 Section 5.18. Second Tranche Loan Security Documents 29 ARTICLE VI REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 6.1. Organization, Etc. 29 Section 4.2 Authorization 73 6.2. Due Authorization, Non-Contravention, Etc. 30 Section 4.3 Enforceability 74 6.3. Government Approval, Regulation, Etc. 30 Section 4.4 6.4. Validity, Etc. 30 Section 6.5. Financial Condition 74 Information 30 Section 4.5 6.6. No Material Adverse Change 30 Section 6.7. Litigation, Labor Matters and Environmental Matters 30 Section 6.8. Subsidiaries 31 Section 6.9. Ownership of Properties 31 Section 6.10. Taxes 31 Section 6.11. Benefit Plans, Etc. 31 Section 6.12. Accuracy of Information 32 Section 6.13. Regulations U and Liens; Real X 32 Section 6.14. Solvency 32 Section 6.15. Intellectual Property 74 32 Section 4.6 True and Complete Disclosure 74 6.16. Material Agreements 34 Section 4.7 Litigation 75 6.17. Permits 34 Section 4.8 Compliance 6.18. Regulatory Matters 34 Section 6.19. Transactions with Agreements 75 Affiliates 37 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 6.20. Investment Company Act 76 37 Section 4.13 Taxes 76 6.21. OFAC 37 Section 4.14 Permits, Licenses, etc 77 6.22. Holding Companies; Excluded Subsidiaries 37 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 6.23. Deposit Accounts; Securities and Commodity Disbursement Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9337

Appears in 1 contract

Samples: Credit Agreement (GC Aesthetics PLC)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02. Other Interpretive Provisions 35 3545 1.03. Accounting Terms 3547 1.04. Rounding 3647 1.05. Times of Day; Rates 3647 1.06. Currency Equivalents Generally 3647 1.07. Concurrent Fixed/Ratio Basket Usage 48 1.08. Limited Condition Transactions 48 1.09. Cashless Settlement 50 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 EXTENSIONS 2.01. The Loans 3750 2.02. Borrowings, Conversions and Continuations of Loans 3750 2.03. Prepayments 3851 2.04. Termination of Commitments 35 Section 2.2 4155 2.05. Repayment of Loans. 4155 2.06. Interest 4256 2.07. Fees 4256 2.08. Computation of Interest and Fees 4256 2.09. Evidence of Indebtedness 37 Section 2.3 Letters Debt 4356 2.10. Payments Generally; Administrative Agent’s Clawback 4357 2.11. Sharing of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 BorrowingsPayments by Lenders 4458 2.12. Refinancing Amendment 4559 2.13. Incremental Facilities 4660 2.14. Extension of Term Loans 4863 2.15. Defaulting Lenders 5065 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 3.01. Taxes 5166 3.02. Illegality 5570 3.03. Inability to Determine Rates 5571 3.04. Increased Costs; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Reserves on Eurodollar Rate Loans 5671 3.05. Compensation for Losses 5773 3.06. Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 5873 3.07. Survival 5874 3.08. Successor LIBOR 74 ARTICLE III IV CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 4.01. Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 5975 4.02. Conditions to All Credit Extensions 6177 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 5.01. Existence, Qualification and Power 6278 5.02. Authorization; No Contravention 6278 5.03. Governmental Authorization; Other Consents 6279 5.04. Binding Effect 6279 5.05. Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 6379 5.06. Litigation 6380 5.07. No Default 6480 5.08. Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Liens; Investments 6480 5.09. Environmental Compliance 6481 5.10. Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC6582 5.11. Taxes 6582 5.12. ERISA Compliance. 6682 5.13. Restricted Subsidiaries; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Equity Interests; Loan Parties 6683 5.14. Margin Regulations; Investment Company Xxx 0000 5.15. Disclosure 6784 5.16. Compliance with Laws 6784 5.17. Intellectual Property; Licenses, Etc 78 Etc. 6784 5.18. Solvency 6884 5.19. OFAC 6884 5.20. Anti-Corruption Laws 6885 5.21. Money Laundering and Counter-Terrorist Financing Laws 6885 5.22. EEA Financial Institution 85 5.23. ERISA 85 5.24. Beneficial Ownership Certification 85 ARTICLE V VI AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 6.01. Financial Statements 6885 6.02. Certificates; Other Information 6986 6.03. Notices 7188 6.04. Payment of Obligations 7189 6.05. Preservation of Existence, Etc. 7289 6.06. Maintenance of Properties 7289 6.07. Maintenance of Insurance 83 Section 5.4 7289 6.08. Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 7290 6.09. Books and Records 7290 6.10. Inspection Rights 7290 6.11. Use of Proceeds 7390 6.12. Covenant to Guarantee Obligations and Give Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 7390 6.13. Compliance with Environmental Laws 7795 6.14. Further Assurances 7795 6.15. Information Regarding Collateral 7895 6.16. Anti-Corruption Laws and Sanctions 7896 6.17. Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Ratings 7896 6.18. Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Subsidiaries 96 ARTICLE VI VII NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 7.01. Liens 89 Section 6.3 7897 7.02. Indebtedness 82101 7.03. Investments 91 Section 6.4 Acquisitions 92 Section 6.5 85109 7.04. Fundamental Changes 87112 7.05. Dispositions 88113 7.06. Dividends 90116 7.07. Change in Nature of Business 91117 7.08. Transactions with Affiliates 91117 7.09. Burdensome Agreements Restricting Liens 93 Section 6.6 92118 7.10. Use of ProceedsProceeds 93119 7.11. Sanctions 93119 7.12. [Reserved.] Prohibition on Division/Series Transactions 93 119 7.13. Accounting Changes 93119 7.14. Prepayments, Etc. of Indebtedness 93119 7.15. Amendment, Etc. of Indebtedness and Organizational Documents 94121 7.16. Anti-Corruption Laws 95122 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 8.01. Events of Default 95122 8.02. Remedies upon Event of Default 97124 8.03. Application of Funds 98125 ARTICLE IX ADMINISTRATIVE AGENT 9.01. Appointment and Authority 98125 9.02. Rights as a Lender 99126 9.03. Exculpatory Provisions 99126 9.04. Reliance by Administrative Agent 100127 9.05. Delegation of Duties 100127 9.06. Resignation of Administrative Agent 100128 9.07. Non-Reliance on Administrative Agent and Other Lenders 101129 9.08. No Other Duties, Etc 102129 9.09. Administrative Agent May File Proofs of Claim; Use of Letters of Credit 93Bidding 102129 9.10. Collateral and Guaranty Matters 103130 9.11. Lender ERISA Representations 131

Appears in 1 contract

Samples: Credit Agreement (Ciena Corp)

Definitions and Accounting Terms. 1 Section 1.1 1.01 Certain Defined Terms 1 Section 1.2 Computation 1.02 Times of Time Periods 34 Day 17 Section 1.3 1.03 Terms Generally 18 Section 1.04 Accounting Terms; Changes in GAAP 34 18 Section 1.4 Classes 1.05 Potential Adjustment Events 18 Section 1.06 Currency Translation 19 ARTICLE 2. Amounts and Types Terms of Advances 34 the Advance Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 2.01 The Advance 19 Section 2.1 Commitments 35 2.02 Request for the Advance 19 Section 2.2 2.03 Funding of Borrowings 19 Section 2.04 Termination of Commitment 19 Section 2.05 Repayment of the Advance 19 Section 2.06 Interest 20 Section 2.07 [Reserved] 20 Section 2.08 Prepayments of the Advance; Collateral Administration 20 Section 2.09 Increased Costs 21 Section 2.10 Taxes 22 Section 2.11 Illegality 24 Section 2.12 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 BorrowingsDebt; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Note 24 Section 2.13 Payments and Computations 57 25 ARTICLE 3. Representations and Warranties Section 2.14 Taxes 59 3.01 Organization; Powers 26 Section 2.15 Mitigation Obligations3.02 Authorization; Replacement of Lenders 63 Enforceability 26 Section 2.16 Increase in Commitments 64 3.03 Governmental Approvals; No Conflicts 26 Section 2.17 Defaulting Lender Provisions 65 3.04 Financial Condition; No Material Adverse Change 26 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 3.05 Litigation Matters 27 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 3.06 Compliance with Laws, Organization Documents and Agreements 75 27 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 3.07 Investment Company Act 76 Status 27 Section 4.13 3.08 Taxes 76 27 Section 4.14 Permits, Licenses, etc 77 3.09 Disclosure 28 Section 4.15 Use of Proceeds 77 3.10 Material Agreements 28 Section 4.16 Condition 3.11 Solvency 28 Section 3.12 Anti-Corruption Laws; Sanctions 28 Section 3.13 Capitalization and Subsidiaries 28 Section 3.14 Material Nonpublic Information 29 Section 3.15 Restricted Transactions 29 Section 3.16 Insurance 29 Section 3.17 Ownership of Property; Casualties 77 Ownership of Collateral 29 Section 4.17 Insurance 77 3.18 EEA Financial Institutions 30 Section 4.18 Security Interest 77 3.19 No Registration 30 Section 4.19 OFAC; Anti-Terrorism 77 3.20 No Sovereign Immunity 30 Section 4.20 Solvency 78 3.21 Environmental Matters 30 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 3.22 Employment Matters 30 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 933.23 ERISA 30

Appears in 1 contract

Samples: Loan Agreement (Marfrig Alimentos S.A.)

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Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 39 1.03 Accounting Terms 39 1.04 Rounding 41 1.05 Times of Day 41 1.06 Letter of Credit Amounts 41 1.07 Amendment and Restatement 41 1.08 Limited Condition Acquisitions 42 ARTICLE II COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 2.01 Loans 43 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 43 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings2.04 Swing Line Loans 53 2.05 Prepayments 55 2.06 Termination or Reduction of Commitments 57 2.07 Repayment of Loans 58 2.08 Interest 59 2.09 Fees 59 2.10 Computation of Interest and Fees; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Retroactive Adjustments of Applicable Rate 60 2.11 Evidence of Debt 60 2.12 Payments Generally; Administrative Agent’s Clawback 61 2.13 Sharing of Payments by Lenders 62 2.14 Cash Collateral 63 2.15 Defaulting Lenders 64 2.16 Incremental Facilities 66 2.17 Refinancing Facilities 69 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 3.01 Taxes 70 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 74 3.03 Inability to Determine Rates 75 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Costs; Reserves on Eurodollar Rate Loans 77 3.05 Compensation for Losses 78 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 79 3.07 Survival 79 Page ARTICLE III IV CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 4.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Borrowing on the Closing Date 79 4.02 Conditions to all Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Extensions 83 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 5.01 Existence, Qualification and Power 83 5.02 Authorization; No Contravention 84 5.03 Governmental Authorization; Other Consents 84 5.04 Binding Effect 84 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 84 5.06 Litigation 85 5.07 No Default 85 5.08 Subsidiaries and Equity Investments 85 5.09 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use 85 5.10 Ownership of Proceeds 77 Section 4.16 Condition of Personal Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Liens 85 5.11 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 ; Etc. 85 5.12 Real Estate; Lease 86 5.13 Environmental Matters 86 5.14 Security Documents 87 5.15 Insurance 83 Section 5.4 87 5.16 [Reserved] 87 5.17 Taxes 87 5.18 ERISA Compliance 87 5.19 Purpose of Loans and Letters of Credit 88 5.20 Margin Regulations; Investment Company Act 88 5.21 Disclosure 89 5.22 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records89 5.23 Labor Matters 89 5.24 Solvency 90 5.25 [Intentionally Omitted] 90 5.26 Nature of Business 90 5.27 Sanctions 90 5.28 Anti-Corruption Laws 90 5.29 EEA Financial Institutions 90 5.30 Use of Proceeds 90 5.31 USA PATRIOT Act 90 ARTICLE VI AFFIRMATIVE COVENANTS 6.01 Financial Statements 91 6.02 Certificates; Inspection 85 Section 5.9 Other Information 92 6.03 Notices 93 6.04 Payment of Obligations 94 6.05 Preservation of Existence, Etc. 94 6.06 Maintenance of Property 85 Section 5.10 Deposit AccountsProperties 94 6.07 Maintenance of Insurance; Securities Certain Proceeds 95 6.08 Compliance with Laws 95 6.09 Books and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Records 95 Page 6.10 Inspection Rights 95 6.11 Further Assurances 87 Section 5.13 Designation with Respect to Additional Loan Parties 96 6.12 Further Assurances with Respect to Collateral 97 6.13 Post-Closing Actions 97 6.14 Use of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Proceeds 97 6.15 Environmental 97 ARTICLE VI VII NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 7.01 Liens 89 Section 6.3 98 7.02 Investments 91 Section 6.4 100 7.03 Indebtedness 102 7.04 Fundamental Changes and Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93105 7.05 Dispositions 107 7.06 Restricted Payments 108

Appears in 1 contract

Samples: Credit Agreement (Integra Lifesciences Holdings Corp)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 25 1.03 Accounting Terms 26 1.04 Rounding 26 1.05 Times of Day 26 1.06 Letter of Credit Amounts 26 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 27 2.01 Revolving Loans and Term Loans 27 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 27 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings28 2.04 Swing Line Loans 36 2.05 Prepayments 38 2.06 Termination or Reduction of Aggregate Revolving Commitments 40 2.07 Repayment of Loans 41 2.08 Interest 42 2.09 Fees 42 2.10 Computation of Interest and Fees 43 2.11 Evidence of Debt 43 2.12 Payments Generally; Procedures and Limitations Administrative Agent's Clawback 43 2.13 Sharing of Payments by Lenders 45 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 46 3.01 Taxes 46 3.02 Illegality 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 3.03 Inability to Determine Rates 48 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 48 3.05 Compensation for Losses 49 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 50 3.07 Survival 51 ARTICLE III IV GUARANTY 51 4.01 The Guaranty 51 4.02 Obligations Unconditional 51 4.03 Reinstatement 52 4.04 Certain Additional Waivers 52 4.05 Remedies 52 4.06 Rights of Contribution 53 4.07 Guarantee of Payment; Continuing Guarantee 53 ARTICLE V CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 53 5.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 53 5.02 Conditions to all Credit Extensions 57 ARTICLE IV VI REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership 57 6.01 Existence, Qualification and LiensPower 57 6.02 Authorization; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93No Contravention 57

Appears in 1 contract

Samples: Credit Agreement (Matria Healthcare Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02. Other Interpretive Provisions 35 16 1.03. Accounting Terms 17 1.04. Rounding 17 1.05. Times of Day 17 1.06. Letter of Credit Amounts 17 1.07. Exchange Rates; Currency Equivalents 17 ARTICLE II 2. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 18 2.01. Committed Loans 18 2.02. Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Committed Loans 18 2.03. Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings19 2.04. Intentionally Deleted 27 2.05. Prepayments 27 2.06. Termination or Reduction of Commitments 27 2.07. Repayment of Loans 28 2.08. Interest 28 2.09. Commitment Fee 28 2.10. Computation of Interest and Fees; Procedures Retroactive Adjustments of Applicable Rate 29 2.11. Evidence of Debt 29 2.12. Payments Generally; Agent’s Clawback 29 2.13. Sharing of Payments 31 2.14. Increase in the Aggregate Commitments 31 2.15. Joint and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Several Liability of the Loan Parties 32 ARTICLE 3. TAXES, YIELD PROTECTION AND ILLEGALITY 33 3.01. Taxes 33 3.02. Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 34 3.03. Inability to Determine Rates 34 3.04. Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 34 3.05. Compensation for Losses 36 3.06. Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Obligations 36 3.07. Survival 36 ARTICLE III 4. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 36 4.01. Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 36 4.02. Conditions to all Credit Extensions 38 ARTICLE IV 5. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 38 5.01. Existence, Qualification and Power 38 5.02. Authorization; No Contravention 39 5.03. Governmental Authorization; Other Consents 39 5.04. Binding Effect 39 5.05. Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 39 5.06. Litigation 40 5.07. No Default 40 5.08. Ownership and Liensof Property; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Liens 40 5.09. Environmental Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 40 5.10. Insurance 40 5.11. Taxes 40 5.12. ERISA Compliance 40 5.13. Subsidiaries 76 Section 4.12 41 5.14. Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 41 5.15. Disclosure 41 5.16. Compliance with Laws 42 5.17. Taxpayer Identification Number 42 5.18. Intellectual Property; Licenses, Etc 78 Etc. 42 ARTICLE V 6. AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 42 6.01. Financial Statements 42 6.02. Certificates; Other Information 43 6.03. Notices 44 6.04. Payment of Obligations 45 6.05. Preservation of Existence, Etc. 45 6.06. Maintenance of Properties 45 6.07. Maintenance of Insurance 83 Section 5.4 45 6.08. Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; 45 6.09. Books and Records 45 6.10. Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Rights 45 6.11. Use of Proceeds; Use of Proceeds 46 6.12. Financial Covenants 46 6.13. Additional Guarantors 46 6.14. Existing Letters of Credit 9346 ARTICLE 7. NEGATIVE COVENANTS 46 7.01. Liens 46 7.02. Investments 47 7.03. Indebtedness 48 7.04. Fundamental Changes 49 7.05. Dispositions 49 7.06. Restricted Payments 49 7.07. Change in Nature of Business 50 7.08. Transactions with Affiliates 50 7.09. Burdensome Agreements 50 7.10. Use of Proceeds 50 ARTICLE 8. EVENTS OF DEFAULT AND REMEDIES 50 8.01. Events of Default 50 8.02. Remedies Upon Event of Default 52 8.03. Application of Funds 53 ARTICLE 9. ADMINISTRATIVE AGENT 53 9.01. Appointment and Authorization of Administrative Agent 53 9.02. Rights as a Lender 54 9.03. Exculpatory Provisions 54 9.04. Reliance by Administrative Agent 54 9.05. Delegation of Duties 55 9.06. Resignation of Agent 55 9.07. Non-Reliance on Agent and Other Lenders 55 9.08. No Other Duties, Etc. 56 9.09. Administrative Agent May File Proofs of Claim 56 9.10. Guaranty Matters 56 ARTICLE 10. MISCELLANEOUS 56 10.01. Amendments, Etc. 56 10.02. Notices; Effectiveness; Electronic Communications 57 10.03. No Waiver; Cumulative Remedies 59 10.04. Expenses; Indemnity; Damage Waiver 59 10.05. Payments Set Aside 61 10.06. Successors and Assigns 61 10.07. Treatment of Certain Information; Confidentiality 64 10.08. Right of Setoff 65

Appears in 1 contract

Samples: Credit Agreement (Chipotle Mexican Grill Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation Use of Time Periods 34 Defined Terms 33 Section 1.3 Accounting Terms; Changes in GAAP 34 Cross-References 33 Section 1.4 Classes Accounting and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 Financial Determinations 33 ARTICLE II CREDIT FACILITIES 35 REVOLVING LOAN COMMITMENT AND BORROWING PROCEDURES, NOTES Section 2.1 Commitments 33 Section 2.2 Reduction of the Commitment Amounts 35 Section 2.2 Evidence of Indebtedness 2.3 Borrowing Procedures 35 Section 2.4 Continuation and Conversion Elections 36 Section 2.5 Funding 37 Section 2.3 Letters of Credit 2.6 Issuance Procedures 37 Section 2.4 2.7 Loan Accounts and Revolving Notes 41 Section 2.8 Additional Revolving Loan Commitments 41 Section 2.9 Swingline Advances Loan Subfacility 44 ARTICLE III MATURITY DATE; REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 2.5 Borrowings3.1 Maturity Date; Procedures Extension Option 46 Section 3.2 Repayments and Limitations Prepayments; Application 47 Section 2.6 Prepayments 3.3 Interest Provisions 49 Section 3.4 Fees 50 ARTICLE IV CERTAIN LIBO RATE AND OTHER PROVISIONS Section 2.7 Repayment 4.1 LIBO Rate Lending Unlawful 51 Section 4.2 Deposits Unavailable 51 Section 4.3 Change of Circumstances 52 Section 2.8 Fees 4.4 Replacement of Lender 52 Section 4.5 Funding Losses 53 Section 2.9 Interest 4.6 Taxes 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 4.7 Change of Lending Office 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Payments, Computations, etc. 58 Section 4.9 Pension Plans 75 Sharing of Payments 58 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Setoff 59

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotel Capital Inc)

Definitions and Accounting Terms. 1 Section 1.1 1.1. Certain Defined Terms 1 Section 1.2 1.2. Computation of Time Periods 34 43 Section 1.3 1.3. Accounting Terms; Changes in GAAP 34 43 Section 1.4 1.4. Classes and Types of Advances 34 43 Section 1.5 Other Interpretive Provisions 35 1.5. Miscellaneous 43 Section 1.6. Foreign Currency 44 Section 1.7. Pro Forma Calculations 45 Section 1.8. Non-Business Day Payments and Performance 45 Section 1.9. Several Obligations of Borrowers 46 ARTICLE II 2 CREDIT FACILITIES 35 46 Section 2.1 2.1. US and Canadian Commitments 35 46 Section 2.2 Evidence of Indebtedness 37 Section 2.3 2.2. Letters of Credit 37 48 Section 2.4 Swingline 2.3. Swing Line Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 2.4. Advances 57 Section 2.5. Prepayments 61 Section 2.6. Repayment 63 Section 2.7. Fees 63 Section 2.8. Interest 64 Section 2.9. Illegality 65 Section 2.10. Breakage Costs 55 66 Section 2.12 2.11. Increased Costs 56 67 Section 2.13 2.12. Payments and Computations 57 68 Section 2.14 2.13. Taxes 59 71 Section 2.15 Mitigation Obligations; 2.14. Replacement of Lenders 63 74 Section 2.16 2.15. Defaulting Lenders 75 Section 2.16. Cash Collateral 78 Section 2.17. Increase in Commitments 64 79 Section 2.17 Defaulting Lender Provisions 65 2.18. Bankers’ Acceptances 81 ARTICLE 3 CONDITIONS 83 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 3.1. Conditions Precedent to Initial Borrowings and the Initial Letter Effectiveness of Credit 69 this Agreement 83 Section 3.2 3.2. Conditions Precedent to Each Borrowing and to Each Issuance, Extension or Renewal of a Letter of Credit Extension 72 85 Section 3.3 3.3. Determinations Under Section under Sections 3.1 and Section 3.2 73 87 ARTICLE IV 4 REPRESENTATIONS AND WARRANTIES 73 87 Section 4.1 4.1. Organization 73 87 Section 4.2 4.2. Authorization 73 87 Section 4.3 4.3. Enforceability 74 88 Section 4.4 4.4. Financial Condition 74 88 Section 4.5 4.5. Ownership and Liens; Real Property 74 88 Section 4.6 4.6. True and Complete Disclosure 74 88 Section 4.7 4.7. Litigation 75 89 Section 4.8 4.8. Compliance with Agreements 75 89 Section 4.9 4.9. Pension Plans 75 89 Section 4.10 4.10. Environmental Condition 76 89 Section 4.11 4.11. Subsidiaries 76 90 Section 4.12 4.12. Investment Company Act 76 90 Section 4.13 4.13. Taxes 76 90 Section 4.14 4.14. Permits, Licenses, etc 77 91 Section 4.15 Use of Proceeds 77 4.15. Regulations T, U and X 91 Section 4.16 Condition of Property; Casualties 77 4.16. Insurance 91 Section 4.17 Insurance 77 Section 4.18 4.17. Security Interest 77 91 Section 4.19 4.18. Solvency 91 Section 4.19. OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 91 ARTICLE V 5 AFFIRMATIVE COVENANTS 78 92 Section 5.1 5.1. Organization 78 92 Section 5.2 5.2. Reporting 79 92 Section 5.3 5.3. Insurance 83 97 Section 5.4 5.4. Compliance with Laws 84 98 Section 5.5 5.5. Taxes 84 99 Section 5.6 5.6. New Subsidiaries; Security 84 99 Section 5.7 New Subsidiaries 85 5.7. Deposit Accounts/Securities/Commodities Accounts 100 Section 5.8 5.8. Records; Inspection 85 101 Section 5.9 5.9. Maintenance of Property 85 101 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 5.10. Further Assurances 87 101 Section 5.13 Designation of Senior Debt 87 5.11. Designations with Respect to Subsidiaries 101 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 5.12. Use of Proceeds; Use of Letters of Credit 93103 Section 5.15. Appraisals; Field Exams 103 ARTICLE 6 NEGATIVE COVENANTS 105 Section 6.1. Debt 105 Section 6.2. Liens 107 Section 6.3. Investments 109 Section 6.4. Acquisitions 111 Section 6.5. Agreements Restricting Liens 111 Section 6.6. Corporate Actions; Organizational Documents; Fiscal Year 112 Section 6.7. Disposition of Assets 114 Section 6.8. Restricted Payments 115 Section 6.9. Affiliate Transactions 116 Section 6.10. Line of Business 116 Section 6.11. Sale and Leaseback Transactions 117 Section 6.12. Operating Leases 117 Section 6.13. Limitation on Hedging 117 Section 6.14. Landlord Agreements 117 Section 6.15. Reserved 118 Section 6.16. Financial Covenants 118 Section 6.17. Capital Expenditures 119 Section 6.18. Prepayment of Certain Debt and Other Obligations 119 ARTICLE 7 DEFAULT AND REMEDIES 119 Section 7.1. Events of Default 119 Section 7.2. Optional Acceleration of Maturity 121 Section 7.3. Automatic Acceleration of Maturity 122 Section 7.4. Set-off 122 Section 7.5. Remedies Cumulative, No Waiver 122 Section 7.6. Application of Payments 123 Section 7.7. Equity Right to Cure 124 Section 7.8. Currency Conversion After Maturity 126 ARTICLE 8 THE ADMINISTRATIVE AGENTS 126 Section 8.1. Appointment, Powers, and Immunities 126 Section 8.2. Reliance by Administrative Agent 128 Section 8.3. Delegation of Duties 128 Section 8.4. Indemnification 128 Section 8.5. Non-Reliance on Administrative Agent and Other Lenders 130 Section 8.6. Resignation of Administrative Agent, Issuing Lender or Swing Line Lender 130 Section 8.7. Collateral Matters 132 Section 8.8. No Other Duties, Etc 133 Section 8.10. Credit Bidding 133 ARTICLE 9 MISCELLANEOUS 134 Section 9.1. Costs and Expenses 134 Section 9.2. Indemnification; Waiver of Damages 135 Section 9.3. Waivers and Amendments 137 Section 9.4. Severability 138 Section 9.5. Survival of Representations and Obligations 139 Section 9.6. Binding Effect 139 Section 9.7. Lender Assignments and Participations 139 Section 9.8. Confidentiality 143 Section 9.9. Notices, Etc 144 Section 9.10. Usury Not Intended 145 Section 9.11. Usury Recapture 146 Section 9.12. Payments Set Aside 146 Section 9.13. Governing Law 147 Section 9.14. Submission to Jurisdiction; Waiver of Venue; Appointment of Agent for Service of Process 147 Section 9.15. Execution in Counterparts 148 Section 9.16. Electronic Execution of Assignments 148 Section 9.17. Waiver of Jury 148 Section 9.18. USA Patriot Act 148 Section 9.19. Conflicts with Other Credit Documents 148 Section 9.20. Judgment Currency 149 Section 9.21. Subordination Agreements 149 Section 9.22. Confirmation of Flood Policies and Procedures 149 Section 9.23. Keepwell 149 Section 9.24. No Fiduciary Duty 000 Xxxxxxx 9.25. Cashless Settlement 150 Section 9.26. Amendment and Restatement 150 Section 9.27. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 151 Section 9.28. Integration 151 EXHIBITS: Exhibit A – Form of Assignment and Acceptance Exhibit B – Form of Compliance Certificate Exhibit C – Form of Guaranty Agreement Exhibit D-1 – Form of US Note Exhibit D-2 – Form of Canadian Note Exhibit D-3 – Form of Swing Line Note Exhibit E-1 – Form of Notice of US Borrowing Exhibit E-2 – Form of Notice of Canadian Borrowing Exhibit F – Form of Notice of Continuation or Conversion Exhibit G – Form of Notice of Optional Payment Exhibit H-1 – Form of US Pledge and Security Agreement Exhibit H-2 – Form of Canadian Security Agreement Exhibit I-1-I-4 – Forms of US Tax Compliance Certificates Exhibit J – Form of Solvency Certificate Exhibit K – Form of Asset Coverage Certificate SCHEDULES: Schedule I – Pricing Schedule Schedule II – Commitments Schedule III – Contact Information

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 18 Section 1.4 1.3 Classes and Types of Advances 34 18 Section 1.5 1.4 Other Interpretive Provisions 35 19 ARTICLE II II. CREDIT FACILITIES 35 19 Section 2.1 Commitments 35 19 Section 2.2 Evidence of Indebtedness 37 22 Section 2.3 Letters of Credit 37 23 Section 2.4 Swingline Advances 44 27 Section 2.5 Borrowings; Procedures and Limitations 47 30 Section 2.6 Prepayments 50 32 Section 2.7 Repayment 52 33 Section 2.8 Fees 53 33 Section 2.9 Interest 54 34 Section 2.10 Illegality 55 35 Section 2.11 Breakage Costs 55 35 Section 2.12 Increased Costs 56 35 Section 2.13 Payments and Computations 57 37 Section 2.14 Taxes 59 39 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 42 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 43 ARTICLE III III. CONDITIONS PRECEDENT 69 45 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Extension 45 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 47 ARTICLE IV IV. REPRESENTATIONS AND WARRANTIES 73 47 Section 4.1 Organization 73 47 Section 4.2 Authorization 73 48 Section 4.3 Enforceability 74 48 Section 4.4 Financial Condition 74 48 Section 4.5 Ownership and Liens; Real Property 74 Liens 48 Section 4.6 True and Complete Disclosure 74 48 Section 4.7 Litigation 75 49 Section 4.8 Compliance with Agreements 75 No Default 49 Table of Contents (continued) Section 4.9 Pension Plans 75 49 Section 4.10 Environmental Condition 76 49 Section 4.11 Subsidiaries 76 50 Section 4.12 Investment Company Act 76 50 Section 4.13 Taxes 76 50 Section 4.14 Permits, Licenses, etc 77 etc. 51 Section 4.15 Use of Proceeds 77 51 Section 4.16 Condition of Property; Casualties 77 51 Section 4.17 Insurance 77 51 Section 4.18 Security Interest 77 Section 4.19 OFACAnti-Terrorism; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 Money Laundering 51 ARTICLE V V. AFFIRMATIVE COVENANTS 78 51 Section 5.1 Organization 78 51 Section 5.2 Reporting 79 52 Section 5.3 Insurance 83 54 Section 5.4 Compliance with Laws 84 54 Section 5.5 Taxes 84 55 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 55 Section 5.9 5.7 Maintenance of Property 85 55 Section 5.10 Deposit Accounts; Securities 5.8 Compliance with Anti-Corruption Laws and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 55 ARTICLE VI VI. NEGATIVE COVENANTS 88 55 Section 6.1 Debt 88 55 Section 6.2 Liens 89 56 Section 6.3 Investments 91 Reserved 57 Section 6.4 Acquisitions 92 57 Section 6.5 Restrictive Agreements Restricting Liens 93 57 Section 6.6 Use of Proceeds; Use of Letters of Credit 9357 Section 6.7 Corporate Actions; Fundamental Changes 57 Section 6.8 Sale of Assets 58 Section 6.9 Restricted Payments 58 Section 6.10 Affiliate Transactions 58 Section 6.11 Line of Business 58 Section 6.12 Compliance with ERISA 58 Section 6.13 Hedging Arrangements 59 Section 6.14 Funded Leverage Ratio 59 Table of Contents (continued)

Appears in 1 contract

Samples: Credit Agreement (Helmerich & Payne, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 1.01 Certain Defined Terms 1 Section 1.2 Computation 1.02 Times of Time Periods 34 Day 17 Section 1.3 1.03 Terms Generally 17 Section 1.04 Accounting Terms; Changes in GAAP 34 18 Section 1.4 Classes 1.05 Potential Adjustment Events 18 Section 1.06 Currency Translation 18 ARTICLE 2. Amounts and Types Terms of Advances 34 the Advance Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 2.01 The Advance 18 Section 2.1 Commitments 35 2.02 Request for the Advance 18 Section 2.2 2.03 Funding of Borrowings 18 Section 2.04 Termination of Commitment 19 Section 2.05 Repayment of the Advance 19 Section 2.06 Interest 19 Section 2.07 [Reserved] 19 Section 2.08 Prepayments of the Advance; Collateral Administration 20 Section 2.09 Increased Costs 20 Section 2.10 Taxes 21 Section 2.11 Illegality 24 Section 2.12 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 BorrowingsDebt; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Note 24 Section 2.13 Payments and Computations 57 24 ARTICLE 3. Representations and Warranties Section 2.14 Taxes 59 3.01 Organization; Powers 25 Section 2.15 Mitigation Obligations3.02 Authorization; Replacement of Lenders 63 Enforceability 25 Section 2.16 Increase in Commitments 64 3.03 Governmental Approvals; No Conflicts 25 Section 2.17 Defaulting Lender Provisions 65 3.04 Financial Condition; No Material Adverse Change 25 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 3.05 Litigation Matters 26 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 3.06 Compliance with Laws, Organization Documents and Agreements 75 26 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 3.07 Investment Company Act 76 Status 27 Section 4.13 3.08 Taxes 76 27 Section 4.14 Permits, Licenses, etc 77 3.09 Disclosure 27 Section 4.15 Use of Proceeds 77 3.10 Material Agreements 27 Section 4.16 Condition 3.11 Solvency 27 Section 3.12 Anti-Corruption Laws; Sanctions 28 Section 3.13 Capitalization and Subsidiaries 28 Section 3.14 Material Nonpublic Information 28 Section 3.15 Restricted Transactions 28 Section 3.16 Insurance 28 Section 3.17 Ownership of Property; Casualties 77 Ownership of Collateral 28 Section 4.17 Insurance 77 3.18 EEA Financial Institutions 29 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 933.19 No Registration 29 i

Appears in 1 contract

Samples: Loan Agreement (Marfrig Alimentos S.A.)

Definitions and Accounting Terms. 1 2 Section 1.1 1.01 Certain Defined Terms 1 2 Section 1.2 1.02 Computation of Time Periods 34 49 Section 1.3 1.03 Accounting Terms; Changes in GAAP 34 49 Section 1.4 Classes and 1.04 Types of Advances 34 49 Section 1.5 Other Interpretive Provisions 35 1.05 Miscellaneous 49 Section 1.06 Rates 50 Section 1.07 Divisions 50 ARTICLE II CREDIT FACILITIES 35 50 Section 2.1 2.01 Commitment for Advances 50 Section 2.02 Method of Borrowing 52 Section 2.03 Reduction and Termination of the Commitments 35 55 Section 2.2 Evidence 2.04 Prepayment of Indebtedness 37 Advances 56 Section 2.3 2.05 Repayment of Advances and Swingline Loans 58 Section 2.06 Letters of Credit 37 58 Section 2.4 Swingline Advances 44 2.07 Fees 64 Section 2.5 Borrowings; Procedures 2.08 Interest 65 Section 2.09 Payments and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Computations 66 Section 2.10 Illegality 55 Sharing of Payments 67 Section 2.11 Breakage Costs 55 68 Section 2.12 Increased Costs 56 68 Section 2.13 Payments and Computations 57 Taxes 70 Section 2.14 Taxes 59 Replacement of Lender 74 Section 2.15 Mitigation Obligations; Replacement of Defaulting Lenders 63 75 Section 2.16 Swingline Loans 77 Section 2.17 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 79 Section 2.18 Borrowing Base Adjustments 68 Changed Circumstances 81 Section 2.19 Appointment of Borrower Representative 84 Section 2.20 Joint and Several Liability 84 ARTICLE III CONDITIONS PRECEDENT 69 85 Section 3.1 3.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Effectiveness 85 Section 3.2 3.02 Conditions Precedent to Each Credit Extension 72 All Borrowings 89 Section 3.3 3.03 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 933 90

Appears in 1 contract

Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 29 Section 1.3 Accounting Terms; Changes in GAAP 34 29 Section 1.4 Classes and Types of Advances 34 29 Section 1.5 Other Interpretive Provisions 35 30 Section 1.6 Exchange Rates; Currency Equivalents 30 ARTICLE II CREDIT FACILITIES 35 30 Section 2.1 Commitments 35 30 Section 2.2 Evidence of Indebtedness 37 31 Section 2.3 Letters of Credit 37 32 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 38 Section 2.5 Prepayments 41 Section 2.6 Prepayments 50 Repayment 42 Section 2.7 Repayment 52 Fees 43 Section 2.8 Fees 53 Interest 43 Section 2.9 Interest 54 Illegality 44 Section 2.10 Illegality 55 Breakage Costs 45 Section 2.11 Breakage Increased Costs 55 45 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 47 Section 2.13 Taxes 49 Section 2.14 Taxes 59 Change of Lenders 52 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 53 Section 2.18 Borrowing Base Adjustments 68 2.16 XXXX Events 55 ARTICLE III CONDITIONS PRECEDENT 69 56 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Effective Date 56 Section 3.2 Conditions Precedent to Funding Date 56 Section 3.3 Conditions Precedent to Each Credit Extension 72 58 Section 3.3 3.4 Determinations Under Section 3.1 and Section 3.2 73 3 59 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 59 Section 4.1 Organization 73 59 Section 4.2 Authorization 73 59 Section 4.3 Enforceability 74 60 Section 4.4 Financial Condition 74 60 Section 4.5 Ownership and Liens; Real Property 74 60 Section 4.6 True and Complete Disclosure 74 60 Section 4.7 Litigation 75 61 Section 4.8 Compliance with Agreements 75 61 Section 4.9 Pension Plans 75 61 Section 4.10 Environmental Condition 76 62 Section 4.11 Subsidiaries 76 62 Section 4.12 Investment Company Act 76 63 Section 4.13 Taxes 76 63 Section 4.14 Permits, Licenses, etc 77 63 Section 4.15 Use of Proceeds 77 63 Section 4.16 Condition of Property; Casualties 77 63 Section 4.17 Insurance 77 63 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9363

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 ARTICLE II 20 1.03 Accounting Terms 20 1.04 Rounding 21 1.05 Times of Day 21 Article II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 EXTENSIONS 21 2.01 Committed Loans 21 2.02 Borrowings, Conversions and Continuations of Committed Loans 21 2.03 Prepayments 22 2.04 Termination or Reduction of Commitments 35 Section 2.2 23 2.05 Repayment of Loans 23 2.06 Interest 24 2.07 Fees 24 2.08 Computation of Interest and Fees 25 2.09 Evidence of Indebtedness Debt 25 2.10 Payments Generally; Administrative Agent’s Clawback 25 2.11 Sharing of Payments by Lenders 26 2.12 Designated Borrower 27 2.13 Increase in Commitments 28 2.14 Defaulting Lenders 29 Article III. TAXES, YIELD PROTECTION AND ILLEGALITY 30 3.01 Taxes 30 3.02 Illegality 34 3.03 Inability to Determine Rates 35 3.04 Increased Costs; Reserves on Eurocurrency Rate Loans 35 3.05 Compensation for Losses 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III 37 3.07 Survival 38 Article IV. CONDITIONS PRECEDENT 69 Section 3.1 38 4.01 Conditions Precedent to Initial Effectiveness 38 4.02 Conditions to Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV 39 Article V. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 41 5.01 Existence, Qualification and Power 41 5.02 Authorization; No Contravention 41 5.03 Governmental Authorization 73 Section 4.3 Enforceability 74 Section 4.4 42 5.04 Binding Effect 42 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 42 5.06 Litigation 42 TABLE OF CONTENTS (continued) Page 5.07 Ownership and Liensof Property; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Liens 43 5.08 Environmental Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 43 5.09 Insurance 43 5.10 Taxes 43 5.11 ERISA Compliance 43 5.12 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits44 5.13 Disclosure 44 5.14 Compliance with Laws 44 5.15 Taxpayer Identification Number; Other Identifying Information 44 5.16 Representations as to Designated Borrower 44 5.17 OFAC 45 Article VI. AFFIRMATIVE COVENANTS 46 6.01 Financial Statements 46 6.02 Certificates; Other Information 46 6.03 Notices 47 6.04 Payment of Obligations 48 6.05 Preservation of Existence, Licenses, etc 77 Section 4.15 Etc. 48 6.06 Maintenance of Properties; Maintenance of Insurance 48 6.07 Compliance with Laws 48 6.08 Inspection Rights; Books and Records 48 6.09 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities 49 6.10 Approvals and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI Authorizations 49 Article VII. NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 49 7.01 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use 49 7.02 Subsidiary Indebtedness 51 7.03 Fundamental Changes 52 7.04 Dispositions 52 7.05 Transactions with Affiliates 53 7.06 Consolidated Leverage Ratio 53 7.07 Consolidated Interest Coverage Ratio 53 Article VIII. EVENTS OF DEFAULT AND REMEDIES 53 8.01 Events of ProceedsDefault 53 8.02 Remedies Upon Event of Default 56 8.03 Application of Funds 56 Article IX. ADMINISTRATIVE AGENT 57 9.01 Appointment and Authority 57 9.02 Rights as a Lender 57 9.03 Exculpatory Provisions 57 9.04 Reliance by Administrative Agent 58 9.05 Delegation of Duties 58 TABLE OF CONTENTS (continued) Page 9.06 Resignation of Administrative Agent 58 9.07 Non-Reliance on Administrative Agent and Other Lenders 59 9.08 No Other Duties, Etc. 60 9.09 Administrative Agent May File Proofs of Claim 60 Article X. MISCELLANEOUS 60 10.01 Amendments, Etc. 60 10.02 Notices; Use Effectiveness; Electronic Communication 61 10.03 No Waiver; Cumulative Remedies; Enforcement 63 10.04 Expenses; Indemnity; Damage Waiver 64 10.05 Payments Set Aside 66 10.06 Successors and Assigns 66 10.07 Treatment of Letters Certain Information; Confidentiality 70 10.08 Right of Credit 93Setoff 71 10.09 Interest Rate Limitation 71 10.10 Counterparts; Integration; Effectiveness 72 10.11 Survival of Representations and Warranties 72 10.12 Severability 72 10.13 Replacement of Lenders 72 10.14 Governing Law; Jurisdiction; Etc. 73 10.15 Waiver of Jury Trial 74 10.16 No Advisory or Fiduciary Responsibility 75 10.17 Electronic Execution of Assignments and Certain Other Documents 75 10.18 USA PATRIOT Act Notice 75 10.19 Judgment Currency 75 SCHEDULES

Appears in 1 contract

Samples: Term Loan Agreement (Thermo Fisher Scientific Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 5 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 5 1.02 Other Interpretive Provisions 35 24 1.03 Accounting Terms 24 1.04 Rounding 25 1.05 Exchange Rates; Currency Equivalents 25 1.06 Additional Alternative Currencies 25 1.07 Change of Currency 26 1.08 Times of Day 26 1.09 Letter of Credit Amounts 26 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 27 2.01 Revolving Loans 27 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 28 2.03 Letters of Credit 30 2.04 Reserved 37 Section 2.4 Swingline Advances 2.05 Prepayments 37 2.06 Termination or Reduction of Aggregate Revolving Commitments 38 2.07 Repayment on Maturity Date 38 2.08 Interest 39 2.09 Fees 39 2.10 Computation of Interest and Fees 40 2.11 Evidence of Debt 40 2.12 Payments Generally; Administrative Agent’s Clawback 41 2.13 Sharing of Payments by Lenders 43 2.14 Designated Borrowers 43 2.15 Cash Collateral 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 2.16 Defaulting Lenders 45 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 48 3.01 Taxes 48 3.02 Illegality 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 3.03 Inability to Determine Rates 52 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 53 3.05 Compensation for Losses 54 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 55 3.07 Survival 55 ARTICLE III IV GUARANTY 55 4.01 The Guaranty 55 4.02 Obligations Unconditional 55 4.03 Reinstatement 56 4.04 Certain Additional Waivers 57 4.05 Remedies 57 4.06 Guarantee of Payment; Continuing Guarantee 57 ARTICLE V CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 57 5.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Effectiveness 57 5.02 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9359 5.03 Conditions Precedent to Initial Advance to Each Designated Borrower 59

Appears in 1 contract

Samples: Credit Agreement (RR Donnelley & Sons Co)

Definitions and Accounting Terms. 1 Section 1.1 1.1. Certain Defined Terms 1 Section 1.2 1.2. Computation of Time Periods 34 21 Section 1.3 1.3. Accounting Terms; Changes in GAAP 34 21 Section 1.4 Classes and 1.4. Types of Advances 34 22 Section 1.5 Other Interpretive Provisions 35 1.5. Miscellaneous 22 ARTICLE II 2 CREDIT FACILITIES 35 FACILITY 22 Section 2.1 2.1. Commitments 35 22 Section 2.2 Evidence of Indebtedness 37 2.2. Advances 23 Section 2.3 Letters of Credit 37 2.3. Prepayments 25 Section 2.4 Swingline Advances 44 2.4. Repayment 26 Section 2.5 Borrowings; Procedures and Limitations 47 2.5. Fees 27 Section 2.6 Prepayments 50 2.6. Interest 27 Section 2.7 Repayment 52 2.7. Illegality 27 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 2.8. Breakage Costs 55 28 Section 2.12 2.9. Increased Costs 56 28 Section 2.13 2.10. Payments and Computations 57 29 Section 2.14 2.11. Taxes 59 30 Section 2.15 Mitigation Obligations; 2.12. Replacement of Lenders 63 34 Section 2.16 Increase in Commitments 64 2.13. [Reserved] 34 Section 2.17 Defaulting Lender Provisions 65 2.14. Incremental Advances 34 ARTICLE 3 CONDITIONS OF LENDING 36 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 3.1. Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 36 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 3.2. Determinations Under Section 3.1 and Section 3.2 73 38 ARTICLE IV 4 REPRESENTATIONS AND WARRANTIES 73 39 Section 4.1 4.1. Organization 73 39 Section 4.2 4.2. Authorization 73 39 Section 4.3 4.3. Enforceability 74 39 Section 4.4 4.4. Financial Condition 74 39 Section 4.5 4.5. Ownership and Liens; Real Property 74 40 Section 4.6 4.6. True and Complete Disclosure 74 40 Section 4.7 4.7. Litigation 75 40 Section 4.8 4.8. Compliance with Agreements 75 40 Section 4.9 4.9. Pension Plans 75 41 Section 4.10 4.10. Environmental Condition 76 41 Section 4.11 4.11. Subsidiaries 76 42 Section 4.12 4.12. Investment Company Act 76 42 Section 4.13 4.13. Taxes 76 42 Section 4.14 4.14. Permits, Licenses, etc 77 42 Section 4.15 4.15. Use of Proceeds 77 43 -i- NY\6260051.12 Section 4.16 4.16. Condition of Property; Casualties 77 43 Section 4.17 4.17. Insurance 77 43 Section 4.18 4.18. Security Interest 77 43 Section 4.19 4.19. OFAC; Anti-Terrorism 77 Terrorism; Patriot Act; FCPA 43 Section 4.20 4.20. Solvency 78 44 Section 4.21 Intellectual Property; Licenses, Etc 78 4.21. Status as Senior Debt 44 ARTICLE V 5 AFFIRMATIVE COVENANTS 78 44 Section 5.1 5.1. Organization 78 44 Section 5.2 5.2. Reporting 79 44 Section 5.3 5.3. Insurance 83 46 Section 5.4 5.4. Compliance with Laws 84 47 Section 5.5 5.5. Taxes 84 47 Section 5.6 Security 84 Section 5.7 5.6. New Subsidiaries 85 47 Section 5.8 5.7. Security 47 Section 5.8. Deposit Accounts 48 Section 5.9. Records; Inspection 85 48 Section 5.9 5.9. Maintenance of Property 85 48 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 5.11. Royalty Agreements 49 Section 5.11 Appraisals; Field Exams 86 Section 5.12 5.12. Further Assurances 87 49 Section 5.13 Designation of Senior Debt 87 5.13. Legal Separateness 49 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 5.14. Post-Closing Obligations 49 ARTICLE VI 6 NEGATIVE COVENANTS 88 50 Section 6.1 6.1. Debt 88 50 Section 6.2 6.2. Liens 89 52 Section 6.3 6.3. Investments 91 54 Section 6.4 6.4. Acquisitions 92 55 Section 6.5 6.5. Agreements Restricting Liens 93 55 Section 6.6 6.6. Use of ProceedsProceeds 55 Section 6.7. Corporate Actions; Use Accounting Changes 56 Section 6.8. Sale of Letters Assets 56 Section 6.9. Restricted Payments 57 Section 6.10. Affiliate Transactions 58 Section 6.11. Line of Credit 93Business 58 Section 6.12. Hazardous Materials 58 Section 6.13. Compliance with ERISA 58 Section 6.14. Sale and Leaseback Transactions 59 Section 6.15. Limitation on Hedging 59 Section 6.16. Landlord Agreements 59 Section 6.17. Operating Leases 60 Section 6.18. Prepayment of Certain Debt 60 Section 6.19. Amendment of Subordinated Debt or Revolving Loan 60 NY\6260051.12

Appears in 1 contract

Samples: Credit Agreement (Hi-Crush Partners LP)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Use of Defined Terms 31 Section 1.3 Cross-References 31 Section 1.4 Accounting and Financial Determinations 31 Section 1.5 Exchange Rates; Currency Equivalents 32 Section 1.6 Redenomination of Certain Foreign Currencies and 32 Computation of Time Periods 34 Dollar Amounts Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 1.7 American Legal Terms 33 ARTICLE II COMMITMENTS, BORROWING AND ISSUANCE PROCEDURES, NOTES AND LETTERS OF CREDIT FACILITIES 35 Section 2.1 Commitments 33 Section 2.2 Reduction of the Commitment Amounts 34 Section 2.3 Borrowing Procedures 35 Section 2.2 Evidence of Indebtedness 2.4 Continuation and Conversion Elections 36 Section 2.5 Alternate Currency Loans 37 Section 2.3 Letters of Credit 37 2.6 Funding 38 Section 2.4 Swingline Advances 44 2.7 Issuance Procedures 38 Section 2.5 Borrowings2.8 Registers; Procedures Notes 41 Section 2.9 Designated Borrowers 42 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1 Repayments and Limitations Prepayments; Application 43 Section 3.2 Interest Provisions 47 Section 2.6 Prepayments 3.3 Fees 48 ARTICLE IV CERTAIN LIBO RATE AND OTHER PROVISIONS Section 4.1 LIBO Rate Lending Unlawful 50 Section 2.7 Repayment 52 4.2 Deposits Unavailable 50 Section 2.8 Fees 4.3 Increased LIBO Rate Loan Costs, etc 50 Section 4.4 Funding Losses 51 Section 4.5 Increased Capital Costs 51 Section 4.6 Taxes 51 Section 4.7 Payments, Computations; Proceeds of Collateral, etc 53 Section 2.9 Interest 54 Section 2.10 Illegality 4.8 Sharing of Payments 55 Section 2.11 Breakage Costs 4.9 Setoff 55 Section 2.12 Increased Costs 4.10 Removal of Lenders 56 Section 2.13 Payments and Computations 4.11 Guaranty by Borrowers 57 ARTICLE V CONDITIONS TO CREDIT EXTENSIONS Section 2.14 Taxes 5.1 Initial Credit Extension 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 5.2 All Credit Extensions 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV VI REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93WARRANTIES

Appears in 1 contract

Samples: Credit Agreement (Ferro Corp)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02. Other Interpretive Provisions 35 32 Section 1.03. Accounting Terms 33 Section 1.04. Petroleum Terms 33 Section 1.05. Rounding 33 Section 1.06. Times of Day 33 Section 1.07. Letter of Credit Amounts 34 ARTICLE II 2 THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 Commitments 35 2.01. Committed Loans 34 Section 2.2 Evidence 2.02. Borrowings, Conversions and Continuations of Indebtedness 37 Committed Loans 34 Section 2.3 2.03. Letters of Credit 37 36 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 2.04. Swing Line Loans 47 Section 2.6 2.05. Borrowing Base 51 Section 2.06. Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 2.07. Termination or Reduction of Commitments 57 Section 2.14 Taxes 2.08. Repayment of Loans 57 Section 2.09. Interest 57 Section 2.10. Fees 58 Section 2.11. Computation of Interest and Fees 59 Section 2.15 2.12. Evidence of Debt 59 Section 2.13. Payments Generally; Administrative Agent’s Clawback. 60 Section 2.14. Sharing of Payments by Lenders 62 ARTICLE 3 TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01. Taxes. 63 Section 3.02. Illegality 65 Section 3.03. Inability to Determine Rates 66 Section 3.04. Increased Costs; Reserves on Eurodollar Rate Loans 66 Section 3.05. Compensation for Losses 68 Section 3.06. Mitigation Obligations; Replacement of Lenders 63 69 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07. Survival 69 ARTICLE III 4 CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01. Effectiveness 70 Section 4.02. Conditions Precedent to Initial Borrowings and the Initial Letter of all Credit 69 Extensions 73 Section 3.2 Conditions Precedent 4.03. Agreement to Each Credit Extension 72 Deliver Mortgages 74 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 4.04. Agreement to Deliver Title Information 74 ARTICLE IV 5 REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership 5.01. Existence, Qualification and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation Power 75 Section 4.8 Compliance with Agreements 5.02. Authorization; No Contravention 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 5.03. Governmental Authorization; Other Consents 76 Section 4.11 Subsidiaries 5.04. Binding Effect 76 Section 4.12 5.05. Financial Statements; No Material Adverse Effect 76 Section 5.06. Litigation 77 Section 5.07. No Default 77 Section 5.08. Ownership of Property; Liens 77 Section 5.09. Environmental Compliance 77 Section 5.10. Insurance 78 Section 5.11. Taxes 78 Section 5.12. ERISA Compliance 78 Section 5.13. Subsidiaries; Equity Interests; Loan Parties 79 Section 5.14. Margin Regulations; Investment Company Act 76 79 Section 4.13 Taxes 76 5.15. Disclosure 80 Section 4.14 Permits5.16. Compliance with Laws 80 Section 5.17. Solvency 80 Section 5.18. Casualty, LicensesEtc. 80 Section 5.19. Labor Matters 81 Section 5.20. Collateral Documents 81 Section 5.21. Engineered Oil and Gas Properties 81 Section 5.22. Sale of Production 82 ARTICLE 6 AFFIRMATIVE COVENANTS Section 6.01. Financial Statements 84 Section 6.02. Certificates; Other Information 86 Section 6.03. Notices 88 Section 6.04. Payment of Obligations 89 Section 6.05. Preservation of Existence, etc 77 Etc 89 Section 4.15 6.06. Maintenance of Properties 89 Section 6.07. Maintenance of Insurance. 90 Section 6.08. Compliance with Laws 90 Section 6.09. Books and Records 90 Section 6.10. Inspection Rights 91 Section 6.11. Use of Proceeds 77 91 Section 4.16 Condition of Property; Casualties 77 6.12. Covenant to Guarantee Obligations and Give Security 91 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 6.13. Compliance with Environmental Laws 84 93 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 6.14. Further Assurances 87 93 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 6.15. Production Proceeds 94 ARTICLE VI 7 NEGATIVE COVENANTS 88 Section 6.1 Debt 88 7.01. Liens 94 Section 6.2 Liens 89 7.02. Investments 97 Section 6.3 Investments 91 7.03. Indebtedness 98 Section 6.4 Acquisitions 92 7.04. Fundamental Changes 101 Section 6.5 7.05. Dispositions 102 Section 7.06. Restricted Payments 103 Section 7.07. Change in Nature of Business 104 Section 7.08. Transactions with Affiliates 104 Section 7.09. Burdensome Agreements Restricting Liens 93 105 Section 6.6 7.10. Use of Proceeds; Use Proceeds 105 Section 7.11. Financial Covenants 106 Section 7.12. Hedge Transactions 106 ARTICLE 8 EVENTS OF DEFAULT AND REMEDIES Section 8.01. Events of Letters Default 106 Section 8.02. Remedies Upon Event of Credit 93Default 109 Section 8.03. Application of Funds 109 ARTICLE 9 ADMINISTRATIVE AGENT Section 9.01. Appointment and Authority 110 Section 9.02. Rights as a Lender 111 Section 9.03. Exculpatory Provisions 111 Section 9.04. Reliance by Administrative Agent 112 Section 9.05. Delegation of Duties 113 Section 9.06. Resignation of Administrative Agent 113 Section 9.07. Non-Reliance on Administrative Agent and Other Lenders 114 Section 9.08. No Other Duties, Etc. 114 Section 9.09. Administrative Agent May File Proofs of Claim 115 Section 9.10. Collateral and Guaranty Matters 115 ARTICLE 10 MISCELLANEOUS

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 5 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes Accounting Treatment; Borrowers’ Agent and Types of Advances 34 Section 1.5 Liabilities 5 1.02 Other Interpretive Provisions 35 36 1.03 Accounting Terms 37 1.04 Rounding 38 1.05 Times of Day; Rates 38 1.06 Letter of Credit Amounts 38 1.07 Calculation of Values 38 1.08 Joint and Several Liability of the Borrowers 38 1.09 Appointment of Principal Borrower as Agent for Borrowers 40 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 40 2.01 The Loans 40 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 40 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings42 2.04 Prepayments 49 2.05 Termination or Reduction of Commitments 49 2.06 Repayment of Loans 50 2.07 Interest 50 2.08 Fees 51 2.09 Computation of Interest and Fees 52 2.10 Evidence of Debt 52 2.11 Payments Generally; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment Administrative Agent’s Clawback 52 Section 2.8 Fees 53 Section 2.9 Interest 2.12 Sharing of Payments by Lenders 54 Section 2.10 2.13 Maturity Date 54 2.14 Extension of Maturity Date with Respect to the Revolving Credit Facility 54 2.15 Increase in Commitments 55 2.16 Defaulting Lenders 57 2.17 Cash Collateral 58 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 59 3.01 Taxes 59 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 62 3.03 Inability to Determine Rates 63 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 65 3.05 Compensation for Losses 66 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 66 3.07 Survival 66 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 67 4.01 Conditions of Initial Credit Extension 67 4.02 Conditions to all Credit Extensions 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership 69 5.01 Existence, Qualification and LiensPower; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Laws 69 5.02 Authorization; No Contravention 69 5.03 Governmental Authorization; Other Consents 69 5.04 Binding Effect 69 5.05 Financial Statements; No Material Adverse Effect 70 5.06 Litigation 70 5.07 No Default 70 5.08 Ownership of Property; Liens 70 5.09 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Compliance 71 5.10 Insurance 71 5.11 Taxes 71 5.12 ERISA Compliance 71 5.13 Subsidiaries; Equity Interests 72 5.14 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 72 5.15 Disclosure 73 5.16 Compliance with Laws 73 5.17 Intellectual Property; Licenses, Etc 78 Etc. 73 5.18 OFAC 73 5.19 Solvency 74 5.20 Anti-Corruption Laws 74 5.21 Affected Financial Institutions 74 5.22 Covered Entities 74 ARTICLE V VI AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 74 6.01 Financial Statements 74 6.02 Certificates; Other Information 75 6.03 Notices 76 6.04 Payment of Obligations 77 6.05 Preservation of Existence, Etc. 77 6.06 Maintenance of Properties 77 6.07 Maintenance of Insurance 83 Section 5.4 77 6.08 Compliance with Laws 78 6.09 Books and Records 78 6.10 Inspection Rights 78 6.11 Use of Proceeds 78 6.12 Additional Guarantors; Release of Guarantors 78 6.13 REIT Status 80 6.14 Environmental Matters 80 6.15 Keepwell 81 6.16 Anti-Corruption Laws; Sanctions 81 ARTICLE VII NEGATIVE COVENANTS 81 7.01 Liens 81 7.02 Fundamental Changes 81 7.03 Dispositions 82 7.04 Change in Nature of Business 82 7.05 Transactions with Affiliates 82 7.06 Burdensome Agreements 82 7.07 Use of Proceeds 83 7.08 Financial Covenants 83 7.09 Organization Documents 84 Section 5.5 Taxes 7.10 Non-Guarantor Subsidiary Restrictions 84 Section 5.6 Security 7.11 Sale Leasebacks 84 Section 5.7 New Subsidiaries 7.12 Prepayments of Indebtedness, etc. 84 7.13 Anti-Terrorism Laws; FCPA 84 7.14 Sanctions 84 7.15 ERISA 85 Section 5.8 7.16 Anti-Corruption Laws 85 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 85 8.01 Events of Default 85 8.02 Remedies Upon Event of Default 87 8.03 Application of Funds 87 ARTICLE IX ADMINISTRATIVE AGENT 88 9.01 Appointment and Authority 88 9.02 Rights as a Lender 88 9.03 Exculpatory Provisions 88 9.04 Reliance by Administrative Agent 89 9.05 Delegation of Duties 89 9.06 Resignation of Administrative Agent 90 9.07 Non Reliance on Administrative Agent and Other Lenders 91 9.08 No Other Duties, Etc. 91 9.09 Administrative Agent May File Proofs of Claim 91 9.10 Guaranty Matters 92 9.11 ERISA Representations 92 9.12 Recovery of Erroneous Payments 93 ARTICLE X MISCELLANEOUS 94 10.01 Amendments, Etc. 94 10.02 Notices; Effectiveness; Electronic Communication 95 10.03 No Waiver; Cumulative Remedies 97 10.04 Expenses; Indemnity; Damage Waiver 97 10.05 Payments Set Aside 99 10.06 Successors and Assigns 99 10.07 Treatment of Certain Information; Confidentiality 102 10.08 Right of Setoff 103 10.09 Interest Rate Limitation 104 10.10 Integration; Effectiveness 104 10.11 Survival of Representations and Warranties 104 10.12 Severability 104 10.13 Replacement of Lenders 104 10.14 Governing Law; Jurisdiction; Etc. 105 10.15 Waiver of Jury Trial 106 10.16 No Advisory or Fiduciary Responsibility 106 10.17 Electronic Execution; Electronic Records; Inspection 85 Section 5.9 Maintenance Counterparts 107 10.18 USA PATRIOT Act Notice 107 10.19 Time of Property 85 Section 5.10 Deposit Accounts; Securities the Essence 108 10.20 Existing Revolving Credit Agreement 108 10.21 Acknowledgment and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation Consent to Bail-In of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Affected Financial Institutions 108 10.22 Acknowledgement Regarding Any Supported QFCs 108 10.23 Entire Agreement 109 SCHEDULES

Appears in 1 contract

Samples: Credit Agreement (Highwoods Realty LTD Partnership)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 12 ARTICLE II CREDIT FACILITIES 35 LOANS 12 Section 2.1 Commitments 35 12 Section 2.2 Evidence of Indebtedness 37 Competitive Bid Procedure 13 Section 2.3 Letters of Credit 37 Committed Borrowing Procedure 15 Section 2.4 Swingline Advances 44 Refinancings; Conversions 15 Section 2.5 Borrowings; Procedures and Limitations 47 Fees 16 Section 2.6 Prepayments 50 Termination and Reduction of Commitments 17 Section 2.7 Repayment 52 Loans 17 Section 2.8 Fees 53 Loan Accounts 18 Section 2.9 Interest 54 on Loans 18 Section 2.10 Illegality 55 Interest on Overdue Amounts 19 Section 2.11 Breakage Costs 55 Alternate Rate of Interest 19 Section 2.12 Increased Costs 56 Prepayment of Loans 19 Section 2.13 Payments and Computations 57 Reserve Requirements; Change in Circumstances 20 Section 2.14 Taxes 59 Change in Legality 22 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Indemnity 22 Section 2.16 Increase in Commitments 64 Pro Rata Treatment 23 Section 2.17 Defaulting Lender Provisions 65 Sharing of Setoffs 23 Section 2.18 Borrowing Base Adjustments 68 Payments 24 Section 2.19 Tax Forms 25 Section 2.20 Calculation of LIBO Rates 25 Section 2.21 Booking Loans 25 Section 2.22 Quotation of Rates 25 ARTICLE III CONDITIONS PRECEDENT 69 LETTERS OF CREDIT 25 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial L/C Commitment 25 Section 3.2 Procedure for Issuance of Letter of Credit 69 26 Section 3.2 3.3 Fees and Other Charges 26 Section 3.4 L/C Participations 26 Section 3.5 Reimbursement Obligation of the Company 27 Section 3.6 Obligations Absolute 28 Section 3.7 Letter of Credit Payments 28 Section 3.8 Applications 28 ARTICLE IV CONDITIONS OF LENDING 28 Section 4.1 Conditions Precedent 28 Section 4.2 Conditions Precedent to Each Committed Borrowing 29 Section 4.3 Conditions Precedent to Each Competitive Borrowing 30 Section 4.4 Conditions Precedent to Each Letter of Credit Extension 72 Issuance 30 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 4.5 Legal Details 30 ARTICLE IV V REPRESENTATIONS AND WARRANTIES 73 31 Section 4.1 Organization 73 5.1 Organization, Authority and Qualifications 31 Section 4.2 Authorization 73 5.2 Financial Statements 31 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 5.3 Compliance with Agreement and Laws 31 Section 5.4 Authorization; No Breach; and Valid Agreements 75 31 Section 4.9 Pension Plans 75 5.5 Litigation and Judgments 32 Section 4.10 Environmental Condition 76 5.6 Ownership of Properties 32 Section 4.11 Subsidiaries 76 5.7 Taxes 32 Section 4.12 5.8 Approvals Required 32 Section 5.9 Business; Status as Air Carrier 32 Section 5.10 ERISA Compliance 32 Section 5.11 Insurance 32 Section 5.12 Purpose of Loan 32 Section 5.13 Investment Company Act 76 32 Section 4.13 Taxes 76 5.14 General 33 ARTICLE VI COVENANTS 33 Section 4.14 Permits, Licenses, etc 77 6.1 Performance of Obligations 33 Section 4.15 6.2 Compliance with Laws 33 Section 6.3 Maintenance of Existence Licenses and Franchises: Compliance With Agreements 33 Section 6.4 Maintenance of Properties 33 Section 6.5 Maintenance of Books and Records 34 Section 6.6 Inspection 34 Section 6.7 Insurance 34 Section 6.8 Appraisals 34 Section 6.9 Coverage Ratio 34 Section 6.10 Reporting Requirements 34 Section 6.11 Use of Proceeds 77 35 Section 4.16 Condition 6.12 Pool Assets 36 Section 6.13 Restrictions on Liens 37 Section 6.14 Mergers and Dissolutions 37 Section 6.15 Assignment 37 ARTICLE VII EVENTS OF DEFAULT; REMEDIES 37 Section 7.1 Events of Property; Casualties 77 Default 37 Section 4.17 Insurance 77 7.2 Remedies Upon Default 39 Section 4.18 Security Interest 77 7.3 Remedies in General 39 ARTICLE VIII THE AGENTS 40 Section 4.19 OFAC; Anti-Terrorism 77 8.1 Authorization and Action 40 Section 4.20 Solvency 78 8.2 Agents' Reliance, Etc. 40 Section 4.21 Intellectual Property; Licenses8.3 Rights of Agents as Banks 40 Section 8.4 Bank Credit Decision 41 Section 8.5 Agents' Indemnity 41 Section 8.6 Successor Administrative Agent 41 Section 8.7 Notice of Default 42 Section 8.8 Documentation Agents and Syndication Agent 42 ARTICLE IX MISCELLANEOUS 42 Section 9.1 Amendments, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 42 Section 5.1 Organization 78 9.2 Notices, Etc. 43 Section 5.2 Reporting 79 9.3 No Waiver; Remedies 43 Section 5.3 Insurance 83 9.4 Costs, Expenses and Taxes 44 Section 5.4 Compliance with Laws 84 9.5 Indemnity 44 Section 5.5 Taxes 84 9.6 Right of Setoff 44 SECTION 9.7 GOVERNING LAW 44 Section 5.6 Security 84 9.8 Submission To Jurisdiction; Waivers 45 Section 5.7 New Subsidiaries 85 9.9 Survival of Representations and Warranties 45 Section 5.8 Records9.10 Binding Effect 45 Section 9.11 Successors and Assigns; Inspection 85 Participations 45 Section 5.9 Maintenance 9.12 Independence of Property 85 Covenants 48 Section 5.10 Deposit Accounts9.13 Severability 48 Section 9.14 Integration 48 Section 9.15 Descriptive Headings 48 Section 9.16 Execution in Counterparts 48 Section 9.17 WAIVERS OF JURY TRIAL 48 SCHEDULES Location of Lending Office; Securities Notice Information Schedule I Pool Assets Schedule II EXHIBITS Form of Competitive Bid Request Exhibit A-1 Form of Notice of Committed Borrowing Exhibit A-2 Form of Notice to Banks of Competitive Bid Request Exhibit B Form of Competitive Bid Exhibit C Form of Competitive Note Exhibit D-1 Form of Committed Note Exhibit D-2 Form of Company's Internal Counsel Opinion Exhibit E-1 Form of Company's Outside Counsel Opinion Exhibit E-2 Form of Agents' Counsel Opinion Exhibit E-3 Form of Financial Report Certificate Exhibit F Form of Assignment and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation Acceptance Exhibit G Form of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use Appraisal Exhibit H COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT, dated as of Proceeds; Use April 20, 2004, among SOUTHWEST AIRLINES CO. (the "Company"), the Banks, JPMORGAN CHASE BANK, as administrative agent for the Banks (in such capacity, the "Administrative Agent"), CITICORP USA INC., as syndication agent for the Banks (in such capacity, the "Syndication Agent"), and BARCLAYS BANK PLC, SUNTRUST BANK and UBS AG, STAMFORD BRANCH as documentation agents for the Banks (collectively, in such capacity, the "Documentation Agents"). The Company has requested the Banks to extend credit to the Company in order to enable it to borrow on a revolving credit basis and to obtain letters of Letters credit on and after the Effective Date and at any time and from time to time prior to the Termination Date (each as herein defined) in an aggregate principal amount not in excess of Credit 93$575,000,000 at any time outstanding. The Company has also requested the Banks to provide a procedure pursuant to which the Company may designate that all of the Banks be invited to bid on an uncommitted basis on borrowings by the Company scheduled to mature on or prior to the Termination Date. The Banks are willing to extend such credit to the Company on the terms and conditions herein set forth. Accordingly, the Company, the Agents, and the Banks agree as follows:

Appears in 1 contract

Samples: Competitive Advance and Revolving Credit Facility Agreement (Southwest Airlines Co)

Definitions and Accounting Terms. 1 2 Section 1.1 Certain Defined Terms 1 2 Section 1.2 Computation of Time Periods 34 31 Section 1.3 Accounting Terms; Changes in GAAP 34 31 Section 1.4 Classes and Types of Advances 34 32 Section 1.5 Other Interpretive Provisions 32 Section 1.6 Exchange Rates; Currency Equivalents 33 Section 1.7 Agreed Currencies 33 Section 1.8 Change of Currency 34 Section 1.9 Several Obligations of Borrowers 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 38 Section 2.3 Letters of Credit 37 38 Section 2.4 Swingline Advances 44 46 Section 2.5 Bankers’ Acceptances 50 Section 2.6 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 52 Section 2.7 Repayment 52 Prepayments; Defeasance 58 Section 2.8 Fees 53 Repayment 60 Section 2.9 Interest 54 Fees 60 Section 2.10 Illegality 55 Interest 62 Section 2.11 Illegality 64 Section 2.12 Breakage Costs 55 64 Section 2.12 2.13 Increased Costs 56 65 Section 2.13 2.14 Payments and Computations 57 Section 2.14 Taxes 59 66 Section 2.15 Mitigation Obligations; Taxes 69 Section 2.16 Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 71 Section 2.17 Designation of a Canadian Borrower 73 Section 2.18 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 74 ARTICLE III CONDITIONS PRECEDENT 69 77 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Effectiveness 77 Section 3.2 Conditions Precedent to Each Credit Extension 72 79 Section 3.3 Determinations Under Section Sections 3.1 and Section 3.2 73 79 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 79 Section 4.1 Organization 73 80 Section 4.2 Authorization 73 80 Section 4.3 Enforceability 74 80 Section 4.4 Financial Condition 74 80 Section 4.5 Ownership and Liens; Real Property 74 80 Section 4.6 True and Complete Disclosure 74 81 Section 4.7 Litigation 75 81 Section 4.8 Compliance with Agreements 75 81 Section 4.9 Pension Plans 75 81 Section 4.10 Environmental Condition 76 82 Section 4.11 Subsidiaries 76 82 Section 4.12 Investment Company Act 76 83 Section 4.13 Taxes 76 Reserved 83 -i- Table of Contents (continued) Page Section 4.14 Taxes 83 Section 4.15 Permits, Licenses, etc 77 83 Section 4.15 4.16 Use of Proceeds 77 83 Section 4.16 4.17 Condition of Property; Casualties 77 Section 4.17 Insurance 77 83 Section 4.18 Insurance 83 Section 4.19 Labor Agreements 84 Section 4.20 Security Interest 77 84 Section 4.19 4.21 OFAC; Anti-Terrorism 77 84 Section 4.20 4.22 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 84 ARTICLE V AFFIRMATIVE COVENANTS 78 84 Section 5.1 Organization 78 84 Section 5.2 Reporting 79 84 Section 5.3 Insurance 83 87 Section 5.4 Compliance with Laws 84 87 Section 5.5 Taxes 84 88 Section 5.6 Security 84 Additional Guarantors 88 Section 5.7 New Subsidiaries 85 Security 88 Section 5.8 Records; Inspection 85 88 Section 5.9 Maintenance of Property 85 89 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Landlord Agreements 89 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Designations with Respect to Subsidiaries 89 ARTICLE VI NEGATIVE COVENANTS 88 90 Section 6.1 Debt 88 90 Section 6.2 Liens 89 91 Section 6.3 Investments 91 92 Section 6.4 Acquisitions 92 93 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of ProceedsLiens; Use of Letters of Credit Negative Pledge 93

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 19 1.03 Accounting Terms 19 1.04 Rounding 19 1.05 Times of Day 19 1.06 Letter of Credit Amounts 19 ARTICLE II II. THE COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 EXTENSIONS 20 2.01 Revolving Loans; Term Loans 20 2.02 Revolving and Term Borrowings, Conversions and Continuations 20 2.03 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings21 2.04 Swing Line Loans 27 2.05 Prepayments 29 2.06 Termination or Reduction of Revolving Commitments 29 2.07 Repayment of Loans 30 2.08 Interest 31 2.09 Fees 31 2.10 Computation of Interest and Fees 31 2.11 Evidence of Debt 32 2.13 Payments Generally; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Agent’s Clawback 32 2.14 Sharing of Payments 33 2.15 Additional Term Commitments 34 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 35 3.01 Taxes 35 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 36 3.03 Inability to Determine Rates 36 3.04 Increased Costs 56 Section 2.13 Payments 36 3.05 Compensation for Losses 37 3.06 Mitigation Obligations 38 3.07 Survival 38 ARTICLE IV. GUARANTY 38 4.01 Guaranty 38 4.02 Guaranty to be Absolute 38 4.03 Authorized Action 38 4.04 Guarantors’ Waivers 39 4.05 Waivers of Subrogation and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Other Rights 39 4.05 Right to Non-judicially Foreclose 39 4.06 Revival and Reinstatement 40 4.07 Information Regarding Borrower 41 4.08 Subordination 41 4.09 Additional and Independent Obligations 41 ARTICLE III V. CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 41 5.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 41 5.02 Conditions to all Credit Extensions 42 ARTICLE IV VI. REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 43 6.01 Financial Condition 74 Section 4.5 Ownership and LiensCondition; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 No Change 43 6.02 Corporate Existence; Power; Etc. 43 6.03 Authorization; No Contravention 43 6.04 Binding Effect 44 6.05 Governmental Authorization; Other Consents 44 6.06 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 44 6.07 Taxes 44 6.08 Margin Regulations; Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition 44 6.09 Subsidiaries 44 6.10 ERISA Compliance 44 6.11 Ownership of Property; Casualties 77 Section 4.17 Liens 45 6.12 No Default 45 6.13 Insurance 77 Section 4.18 45 6.14 Disclosure 45 6.15 Compliance with Laws 45 6.16 Environmental Compliance 46 6.17 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Documents 46 6.19 Intellectual Property; Licenses, Etc 78 Etc. 46 ARTICLE V VII. AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 46 7.01 Financial Statements 46 7.02 Certificates; Other Information 47 7.03 Payment of Indebtedness 48 7.04 Maintenance of Existence and Properties 48 7.05 Inspection of Property; Books and Records; Discussions 48 7.06 Notices 48 7.07 Maintenance of Insurance 83 Section 5.4 49 7.08 Environmental Compliance 49 7.09 ERISA 49 7.10 Permitted Xxxxxx 50 7.11 Payment of Obligations 50 7.12 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records50 7.13 Books and Records 50 7.14 Use of Proceeds 51 7.15 Collateral; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 Guarantors 51 ARTICLE VI VIII. NEGATIVE COVENANTS 88 Section 6.1 51 8.01 Liens 51 8.02 Investments 52 8.03 Funded Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 52 8.04 Fundamental Changes 52 8.05 Acquisitions 92 Section 6.5 52 8.06 Investments; Advances 53 8.07 Dispositions 53 8.08 Change in Nature of Business 53 8.09 Financial Covenants 53 8.10 Capital Expenditures 54 8.11 Hedge Agreements Restricting Liens 93 Section 6.6 54 8.12 Transactions with Affiliates; Creation of Subsidiaries 54 8.13 Burdensome Agreements 54 8.14 Use of Proceeds; Use of Letters of Credit 93Proceeds 54

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation 1.02. Rules of Time Periods 34 Construction 4 Section 1.3 1.03. Accounting Terms; Changes in GAAP 34 and Financial Determinations 4 ARTICLE II: THE LOANS Section 1.4 Classes 2.01. Loans 4 Section 2.02. Note 5 Section 2.03. Scheduled Payments 5 Section 2.04. Prepayments 5 Section 2.05. Interest Provisions 5 Section 2.06. Payments Absolute 6 Section 2.07. Increased Capital Costs 6 Section 2.08. Taxes 6 Section 2.09. Joint and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Several Liability 7 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 TO LOANS 7 ARTICLE IV REPRESENTATIONS REPRESENTATIONS, WARRANTIES AND WARRANTIES 73 COVENANTS OF BORROWER 8 ARTICLE V SECURITY INTEREST 10 ARTICLE VI: COVENANTS Section 4.1 Organization 73 6.01. Affirmative Covenants 10 Section 4.2 Authorization 73 6.02. Negative Covenants 12 Section 4.3 Enforceability 74 6.03. Indemnity 13 Section 4.4 Financial Condition 74 6.04. Performance by Lender 13 ARTICLE VII: EVENTS OF DEFAULT Section 4.5 Ownership and Liens; Real Property 74 7.01. Events of Default 14 Section 4.6 True and Complete Disclosure 74 7.02. Remedies 15 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 7.03. Use of Proceeds 77 15 ARTICLE VIII: MISCELLANEOUS PROVISIONS Section 4.16 Condition 8.01. Waivers, Amendments 15 Section 8.02. Notices 15 Section 8.03. Severability 16 Section 8.04. Execution in Counterparts 16 Section 8.05. Further Assurance and Corrective Instruments 16 Section 8.06. Time of Propertythe Essence 16 Section 8.07. Entire Agreement 16 Section 8.08. Governing Law 16 Section 8.09. Successors and Assigns; Casualties 77 Assignments by Lender 16 Section 4.17 Insurance 77 8.10. Assignments, Participations and Securitizations 16 Section 4.18 Security Interest 77 8.11. Waiver of Jury Trial 17 Section 4.19 OFAC8.12. Forum Selection and Consent to Jurisdiction 17 Section 8.13. Waiver of Certain Claims 17 SCHEDULES SCHEDULE I - Additional Definitions SCHEDULE II - Additional Conditions Precedent SCHEDULE III - Financial Covenants SCHEDULE IV - Disclosure Statements SCHEDULE V - List of Subsidiaries LOAN AGREEMENT THIS LOAN AGREEMENT (this “Agreement”) dated as of September 17, 2013 among STELLARIS LLC, a Nevada limited liability company (together with its successors and assigns, “Stellaris”), XXXXX CONTRUCTION GROUP, L.L.C. a Florida limited liability company (together with its successors and assigns, “Xxxxx”) and ROCKFORD CORPORATION a Oregon corporation (together with it succesors and assigns, “Rockford”; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; LicensesStellaris, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance Xxxxx and Rockford, jointly and severally, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities its successors and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93assigns, “Lender”).

Appears in 1 contract

Samples: Loan Agreement (Primoris Services Corp)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 28 Section 1.03 Accounting Terms 29 Section 1.04 Petroleum Terms 29 Section 1.05 Rounding 29 Section 1.06 Times of Day 29 Section 1.07 Letter of Credit Amounts 29 Section 1.08 Available Amount Transactions 29 ARTICLE II THE COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS Section 2.1 Commitments 35 2.01 Committed Loans 30 Section 2.2 Evidence 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Committed Loans 30 Section 2.3 2.03 Letters of Credit 37 31 Section 2.4 Swingline Advances 44 2.04 Swing Line Loans 39 Section 2.5 Borrowings; Procedures 2.05 Borrowing Base 41 Section 2.06 Prepayments 43 Section 2.07 Termination or Reduction of Commitments 45 Section 2.08 Repayment of Loans 46 Section 2.09 Interest 46 Section 2.10 Fees 46 Section 2.11 Computation of Interest and Limitations Fees 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Evidence of Debt 47 Section 2.13 Payments and Computations 57 Generally; Administrative Agent’s Clawback 48 Section 2.14 Taxes 59 Sharing of Payments by Lenders 49 Section 2.15 Defaulting Lenders 50 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01 Taxes 52 Section 3.02 Illegality 54 Section 3.03 Inability to Determine Rates 54 Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 54 Section 3.05 Compensation for Losses 56 Section 3.06 Mitigation Obligations; Replacement of Lenders 63 56 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 3.07 Survival 57 ARTICLE III IV CONDITIONS PRECEDENT 69 TO CREDIT EXTENSIONS Section 3.1 4.01 Effectiveness 57 Section 4.02 Conditions Precedent to Initial Borrowings and the Initial Letter of All Credit 69 Extensions 59 Section 3.2 Conditions Precedent 4.03 Agreement to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 Deliver Mortgages 60 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93V

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01. Defined Terms 1 Section 1.2 Computation 1.02. Rules of Time Periods 34 Construction 4 Section 1.3 1.03. Accounting Terms; Changes in GAAP 34 and Financial Determinations 4 ARTICLE II: THE LOANS Section 1.4 Classes and Types of Advances 34 2.01. Loans 4 Section 1.5 Other Interpretive 2.02. Note 5 Section 2.03. Scheduled Payments 5 Section 2.04. Prepayments 5 Section 2.05. Interest Provisions 35 ARTICLE II CREDIT FACILITIES 35 5 Section 2.1 Commitments 35 2.06. Payments Absolute 6 Section 2.2 Evidence of Indebtedness 37 2.07. Increased Capital Costs 6 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 2.08. Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 6 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 TO LOANS 6 ARTICLE IV REPRESENTATIONS REPRESENTATIONS, WARRANTIES AND WARRANTIES 73 COVENANTS OF BORROWER 8 ARTICLE V SECURITY INTEREST 10 ARTICLE VI: COVENANTS Section 4.1 Organization 73 6.01. Affirmative Covenants 10 Section 4.2 Authorization 73 6.02. Negative Covenants 11 Section 4.3 Enforceability 74 6.03. Indemnity 12 Section 4.4 Financial Condition 74 6.04. Performance by Lender 13 ARTICLE VII: EVENTS OF DEFAULT Section 4.5 Ownership and Liens; Real Property 74 7.01. Events of Default 13 Section 4.6 True and Complete Disclosure 74 7.02. Remedies 14 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 7.03. Use of Proceeds 77 14 ARTICLE VIII: MISCELLANEOUS PROVISIONS Section 4.16 Condition 8.01. Waivers, Amendments 15 Section 8.02. Notices 15 Section 8.03. Severability 15 Section 8.04. Execution in Counterparts 15 Section 8.05. Further Assurance and Corrective Instruments 15 Section 8.06. Time of Propertythe Essence 15 Section 8.07. Entire Agreement 15 Section 8.08. Governing Law 15 Section 8.09. Successors and Assigns; Casualties 77 Assignments by Lender 15 Section 4.17 Insurance 77 8.10. Assignments, Participations and Securitizations 15 Section 4.18 Security Interest 77 8.11. Waiver of Jury Trial 16 Section 4.19 OFAC; Anti-Terrorism 77 8.12. Forum Selection and Consent to Jurisdiction 16 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses8.13. Waiver of Certain Claims 17 SCHEDULES SCHEDULE I — Additional Definitions SCHEDULE II — Additional Conditions Precedent SCHEDULE III — Financial Covenants SCHEDULE IV — Disclosure Statements SCHEDULE V — List of Subsidiaries LOAN AGREEMENT THIS LOAN AGREEMENT (this “Agreement”) dated as of December 29, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance 2010 between STELLARIS, a Nevada limited liability company (together with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 its successors and assigns, “Borrower”), and RBS ASSET FINANCE, INC., a New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities York corporation (together with its successors and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93assigns, “Lender”).

Appears in 1 contract

Samples: Loan Agreement (Primoris Services CORP)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation Use of Time Periods 34 Defined Terms 37 Section 1.3 Accounting Terms; Changes in GAAP 34 Certain Rules of Construction 37 Section 1.4 Classes Accounting and Types of Advances 34 Financial Determinations 38 Section 1.5 Other Interpretive Provisions 35 ARTICLE II Rounding 38 Section 1.6 Pro Forma Calculations 38 Section 1.7 Amendment and Restatement; No Novation 38 Article II. COMMITMENTS AND CREDIT FACILITIES 35 EXTENSIONS 39 Section 2.1 Commitments 35 39 Section 2.2 Evidence Reduction of Indebtedness 37 the Commitment Amounts 40 Section 2.3 Borrowing Procedures 40 Section 2.4 Continuation and Conversion Elections 41 Section 2.5 Funding 41 Section 2.6 Letters of Credit 37 42 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 2.7 Swing Line Loans 47 Section 2.6 Prepayments 50 2.8 Notes 49 Section 2.7 Repayment 52 2.9 Cashless Settlement 49 Section 2.8 Fees 2.10 Increase in Commitment 49 Article III. PAYMENTS, INTEREST AND FEES 53 Section 2.9 3.1 Repayments and Prepayments 53 Section 3.2 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs Provisions 56 Section 2.13 Payments and Computations 3.3 Fees 57 Section 2.14 Taxes 3.4 Administrative Agent’s Fees, etc 58 Article IV. YIELD PROTECTION, TAXES AND RELATED PROVISIONS 58 Section 4.1 Eurodollar Rate Lending Unlawful 58 Section 4.2 Inability to Determine Rates 58 Section 4.3 Increased Costs, Generally 59 Section 2.15 Mitigation Obligations4.4 Funding Losses 60 Section 4.5 Increased Capital Requirements 61 Section 4.6 Certificates for Reimbursement; Delay in Request 61 Section 4.7 Taxes 61 Section 4.8 Payments, Interest Calculations, etc. 65 Section 4.9 Sharing of Payments 66 Section 4.10 Setoff 67 Section 4.11 Use of Proceeds 67 Section 4.12 Funding and Payment Reliance, etc 68 Section 4.13 Designation of a Different Lending Office 69 Section 4.14 Replacement of Lenders 63 69 Section 2.16 Increase in Commitments 64 4.15 Defaulting Lenders 70 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III 4.16 Cash Collateral by the Borrower 72 Article V. CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES TO CREDIT EXTENSIONS 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Conditions to Effective Date 73

Appears in 1 contract

Samples: Credit Agreement (GrubHub Inc.)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation Use of Time Periods Defined Terms 22 Section 1.3 Cross-References 22 Section 1.4 Accounting and Financial Determinations 22 ARTICLE II REVOLVING CREDIT FACILITY 23 Section 2.1 Revolving Loans 23 Section 2.2 Reduction of Aggregate Commitment Amount 23 Section 2.3 Borrowing Procedures 23 Section 2.4 Continuation and Conversion Elections 24 Section 2.5 Funding 24 Section 2.6 Swingline Loans 24 Section 2.7 Notes 25 Section 2.8 Appointment of Agent for the Borrowers 26 Section 2.9 Absolute Obligations 26 Section 2.10 Partial Releases 27 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES 27 Section 3.1 Repayments and Prepayments; Application 27 Section 3.2 Interest Provisions 28 Section 3.3 Fees 29 ARTICLE IV CERTAIN LIBOR AND OTHER PROVISIONS 30 Section 4.1 LIBOR Lending Unlawful 30 Section 4.2 Deposits Unavailable 30 Section 4.3 Increased LIBOR Loan Costs, etc. 30 Section 4.4 Funding Losses 31 Section 4.5 Increased Capital Costs 31 Section 4.6 Taxes 31 Section 4.7 Payments, Computations, etc. 34 Section 1.3 Accounting Terms; Changes in GAAP 4.8 Sharing of Payments 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 4.9 Setoff 35 Section 2.1 Commitments 4.10 Mitigation; Time Limitation 35 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; 4.11 Replacement of Lenders 63 36 ARTICLE V CONDITIONS TO CREDIT EXTENSIONS 37 Section 2.16 Increase in Commitments 64 5.1 Initial Loan 37 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 5.2 All Loans 40 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV VI REPRESENTATIONS AND WARRANTIES 73 40 Section 4.1 Organization 73 6.1 Organization, etc. 40 Section 4.2 Authorization 73 6.2 Due Authorization, Non-Contravention, etc. 41 Section 4.3 Enforceability 74 6.3 Government Approval, Regulation, etc. 41 Section 4.4 6.4 Validity, etc. 41 Section 6.5 Financial Condition 74 Information 41 Section 4.5 Ownership and Liens6.6 No Material Adverse Effect; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Laws 42 Section 6.7 Litigation 42 Section 6.8 Subsidiaries 42 Section 6.9 Ownership of Properties 42 Section 6.10 Taxes 42 Section 6.11 Pension and Welfare Plans 43 Section 6.12 Environmental Warranties 43 Section 6.13 Accuracy of Information 44 Section 6.14 Margin Stock 44 Section 6.15 Foreign Assets Control Regulations 44 Section 6.16 Labor Relations; Management Agreements 75 44 Section 4.9 Pension Plans 75 6.17 Insurance 45 Section 4.10 6.18 Collateral Documents 45 Section 6.19 Compliance with OFAC Rules and Regulations 45 ARTICLE VII FINANCIAL INFORMATION AND NOTICES 45 Section 7.1 Financial Statements and Projections 45 Section 7.2 Certificates 46 Section 7.3 Other Reports 46 Section 7.4 Notice of Litigation and Other Matters 47 Section 7.5 Accuracy of Information 48 ARTICLE VIII AFFIRMATIVE COVENANTS 48 Section 8.1 Maintenance of Existence; Compliance with Laws, etc. 48 Section 8.2 Maintenance of Properties 49 Section 8.3 Insurance 49 Section 8.4 Visitations, Books and Records, Field Audits 49 Section 8.5 Environmental Condition 76 Law Covenant 50 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 8.6 Use of Proceeds 77 50 Section 4.16 Condition of Property; Casualties 77 8.7 Future Subsidiaries, Security, etc. 51 Section 4.17 Insurance 77 8.8 Procedures to Ensure Information Dissemination 51 Section 4.18 Security Interest 77 8.9 Further Assurances 51 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 8.10 Maintenance of Property 85 Assets 52 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 8.11 CP Facility Availability 53 ARTICLE IX FINANCIAL COVENANTS 53 Section 5.11 Appraisals; Field Exams 86 9.1 Maximum Senior Leverage Ratio 53 Section 5.12 Further Assurances 87 9.2 Minimum Interest Coverage Ratio 53 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 9.3 Minimum Adjusted Tangible Net Worth 53 ARTICLE VI X NEGATIVE COVENANTS 88 54 Section 6.1 10.1 Business Activities 54 Section 10.2 Indebtedness 54 Section 10.3 Liens 55 Section 10.4 Investments 56 Section 10.5 Restricted Payments 56 Section 10.6 Issuance of Capital Securities 57 Section 10.7 Consolidation, Merger, etc. 57 Section 10.8 Sale of Assets 57 Section 10.9 Transactions with Affiliates 57 Section 10.10 Restrictive Agreements 58 Section 10.11 Sale and Leaseback 58 Section 10.12 Amendment to Material Documents 58 Section 10.13 Hedging Obligations 59 Section 10.14 Accounting Changes 59 Section 10.15 Subordinated Debt 88 59 Section 6.2 Liens 89 10.16 Upstream Limitations 59 ARTICLE XI EVENTS OF DEFAULTS AND REMEDIES 59 Section 6.3 Investments 91 11.1 Events of Default 59 Section 6.4 Acquisitions 92 11.2 Action if Bankruptcy 62 Section 6.5 Agreements Restricting Liens 93 11.3 Action if Other Event of Default 62 Section 6.6 Use 11.4 Application of ProceedsProceeds 62 ARTICLE XII THE AGENT 63 Section 12.1 Actions 63 Section 12.2 Funding Reliance, etc. 63 Section 12.3 Exculpation 64 Section 12.4 Successor 64 Section 12.5 Loans by Agent 64 Section 12.6 Credit Decisions 65 Section 12.7 Reliance by Agent 65 Section 12.8 Defaults 65 ARTICLE XIII MISCELLANEOUS 66 Section 13.1 Waivers, Amendments, etc. 66 Section 13.2 Notices; Use Time 67 Section 13.3 Payment of Letters Costs and Expenses 68 Section 13.4 Indemnification 69 Section 13.5 Survival 70 Section 13.6 Severability 70 Section 13.7 Headings 70 Section 13.8 Execution in Counterparts, Effectiveness, etc. 70 Section 13.9 Governing Law; Entire Agreement 70 Section 13.10 Successors and Assigns 71 Section 13.11 Assignments and Participations in Loans; Register 71 Section 13.12 Other Transactions 74 Section 13.13 Forum Selection and Consent to Jurisdiction 74 Section 13.14 Waiver of Credit 93Jury Trial 75 Section 13.15 USA Patriot Act 75

Appears in 1 contract

Samples: Credit Agreement (Resource America Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 34 37 Section 1.3 Accounting Terms; Changes in GAAP 34 37 Section 1.4 Classes and Types of Advances 34 37 Section 1.5 Other Interpretive Provisions 35 Miscellaneous 37 ARTICLE II 2 CREDIT FACILITIES 35 38 Section 2.1 Revolving Term and CapEx Commitments 35 38 Section 2.2 Evidence of Indebtedness 37 Section 2.3 Letters of Credit 37 41 Section 2.3 Advances 48 Section 2.4 Swingline Advances 44 Prepayments 55 Section 2.5 Borrowings; Procedures and Limitations 47 Repayment 57 Section 2.6 Prepayments 50 Fees 58 Section 2.7 Repayment 52 Interest 59 Section 2.8 Fees 53 Illegality 60 Section 2.9 Interest 54 Breakage Costs 61 Section 2.10 Illegality 55 Increased Costs 61 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 63 Section 2.14 2.12 Taxes 59 64 Section 2.15 2.13 Mitigation Obligations; Replacement of Lenders 63 68 Section 2.16 Increase in Commitments 64 Section 2.17 2.14 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 70 ARTICLE III 3 CONDITIONS PRECEDENT 69 OF LENDING 73 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 73 Section 3.2 Conditions Precedent to Each Borrowing and to Each Issuance, Extension or Renewal of a Letter of Credit Extension 72 76 Section 3.3 Conditions Precedent to Effectiveness of Revolving Facility 77 Section 3.4 Conditions Precedent to Each CapEx Borrowing 78 Section 3.5 Determinations Under Section 3.1 Sections 3.1, 3.2, 3.3 and Section 3.2 73 3.4 78 ARTICLE IV 4 REPRESENTATIONS AND WARRANTIES 73 78 Section 4.1 Organization 73 78 Section 4.2 Authorization 73 78 Section 4.3 Enforceability 74 79 Section 4.4 Financial Condition 74 79 Section 4.5 Ownership and Liens; Real Property 74 80 Section 4.6 True and Complete Disclosure 74 80 Section 4.7 Litigation 75 80 Section 4.8 Compliance with Agreements 75 80 Section 4.9 Pension Plans 75 81 Section 4.10 Environmental Condition 76 81 Section 4.11 Subsidiaries 76 82 Section 4.12 Investment Company Act 76 82 Section 4.13 Taxes 76 82 Section 4.14 Permits, Licenses, etc 77 83 Section 4.15 Use of Proceeds 77 83 Section 4.16 Condition of Property; Casualties 77 83 Section 4.17 Insurance 77 83 Section 4.18 Security Interest 77 83 Section 4.19 OFAC; Anti-Terrorism 77 83 Section 4.20 Solvency 78 84 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Material Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9384

Appears in 1 contract

Samples: Credit Agreement (Aly Energy Services, Inc.)

Definitions and Accounting Terms. SECTION 1.01. Definitions 1 Section 1.1 Certain Defined Terms 1 Section 1.2 Computation SECTION 1.02. Incorporation by Reference of Time Periods Trust Indenture Act 24 SECTION 1.03. Rules of Construction 25 ARTICLE 2 THE NOTES SECTION 2.01. Form and Dating 25 SECTION 2.02. Execution and Authentication 26 SECTION 2.03. Registrar and Paying Agent 26 SECTION 2.04. Paying Agent To Hold Money in Trust 27 SECTION 2.05. Holder Lists 27 SECTION 2.06. Transfer and Exchange 27 SECTION 2.07. Replacement Notes 28 SECTION 2.08. Outstanding Notes 29 SECTION 2.09. Temporary Notes 29 SECTION 2.10. Cancellation 29 SECTION 2.11. Defaulted Interest 29 SECTION 2.12. CUSIP Numbers 30 SECTION 2.13. Designations 30 SECTION 2.14. Issuance of Additional Notes 30 ARTICLE 3 REDEMPTION SECTION 3.01. Notices to Trustee 31 SECTION 3.02. Selection of Notes To Be Redeemed 31 SECTION 3.03. Notice of Redemption 31 SECTION 3.04. Effect of Notice of Redemption 32 SECTION 3.05. Deposit of Redemption Price 32 SECTION 3.06. Notes Redeemed in Part 32 ARTICLE 4 AFFIRMATIVE COVENANTS SECTION 4.01. Payment of Notes 33 SECTION 4.02. Commission Reports 33 Page SECTION 4.03. Preservation of Corporate Existence 33 SECTION 4.04. [Intentionally Omitted] 34 Section 1.3 Accounting Terms; Changes in GAAP SECTION 4.05. [Intentionally Omitted] 34 Section 1.4 Classes SECTION 4.06. Compliance Certificate 34 SECTION 4.07. [Intentionally Omitted] 34 SECTION 4.08. [Intentionally Omitted] 34 SECTION 4.09. Offer To Purchase upon Change of Control 34 SECTION 4.10. Offer To Purchase by Application of Excess Proceeds 35 SECTION 4.11. [Intentionally Omitted] 36 SECTION 4.12. Further Assurances 36 SECTION 4.13. Future Guarantors 36 ARTICLE 5 NEGATIVE COVENANTS APPLICABLE TO COMPANY AND ITS SUBSIDIARIES SECTION 5.01. Stay, Extension and Types of Advances 34 Section 1.5 Usury Laws 37 SECTION 5.02. Restricted Payments 37 SECTION 5.03. Dividend and Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence Payment Restrictions Affecting Subsidiaries 39 SECTION 5.04. Incurrence of Indebtedness 37 Section 2.3 Letters and Issuance of Credit 37 Section 2.4 Swingline Advances Preferred Stock 40 SECTION 5.05. Asset Dispositions 44 Section 2.5 Borrowings; Procedures SECTION 5.06. Transactions with Affiliates 45 SECTION 5.07. Limitation on Liens 46 SECTION 5.08. Limitation on Issuances and Limitations Sales of Capital Stock of Subsidiaries 46 SECTION 5.09. [Intentionally Omitted] 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement SECTION 5.10. Conduct of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Business 47 SECTION 5.11. [Intentionally Omitted] 47 SECTION 5.12. [Intentionally Omitted] 47 SECTION 5.13. Fall Away Event 47 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 936

Appears in 1 contract

Samples: Indenture (Cincinnati Bell Inc)

Definitions and Accounting Terms. 1 Section 1.1 1.01. Certain Defined Terms 1 Section 1.2 1.02. Computation of Time Periods 34 12 Section 1.3 1.03. Accounting Terms; Changes in GAAP 34 Terms 12 Section 1.4 Classes and Types 1.04. Terms Generally 12 Section 1.05. Divisions 13 Article II AMOUNTS AND TERMS OF THE ADVANCES Section 2.01. The Advances 13 Section 2.02. Making the Advances 13 Section 2.03. Fees 14 Section 2.04. Termination or Reduction of Advances 34 the Commitments 14 Section 1.5 Other Interpretive Provisions 35 ARTICLE II CREDIT FACILITIES 35 2.05. Repayment 14 Section 2.1 Commitments 35 2.06. Interest 14 Section 2.2 Evidence of Indebtedness 37 2.07. Interest Rate Determination 15 Section 2.3 Letters of Credit 37 2.08. Benchmark Replacement Setting 15 Section 2.4 Swingline Advances 44 2.09. Prepayments 20 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 2.10. Increased Costs 56 21 Section 2.13 2.11. Illegality 22 Section 2.12. Payments and Computations 57 22 Section 2.14 2.13. Taxes 59 23 Section 2.15 2.14. Sharing of Payments, Etc. 26 Section 2.15. Evidence of Debt 26 Section 2.16. Mitigation Obligations; Replacement of Lenders 63 27 Section 2.16 2.17. Defaulting Lenders 28 Section 2.18. Extension of Termination Date 29 Section 2.19. Increase in the Aggregate Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE 30 Article III CONDITIONS PRECEDENT 69 TO EFFECTIVENESS AND LENDING Section 3.1 3.01. Conditions Precedent to Initial Borrowings and the Initial Letter Effectiveness of Credit 69 Section 3.2 2.01 31 Section 3.02. Conditions Precedent to Each Credit Borrowing 32 Section 3.03. Conditions to Initial Borrowing by a Designated Borrower 33 Section 3.04. Conditions to Extension 72 of Termination Date 33 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE 3.05. Conditions to Effectiveness of Increase 33 Article IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 4.01. Representations and Warranties of the Borrowers 34 Article V COVENANTS OF THE BORROWERS Section 4.2 Authorization 73 5.01. Affirmative Covenants 37 Section 4.3 Enforceability 74 5.02. Negative Covenants 40 Section 4.4 5.03. Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 93Covenant 43 Page

Appears in 1 contract

Samples: Credit Agreement (Mirae Asset Discovery Funds)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation of Time Periods 34 Section 1.3 Accounting Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 1.02 Other Interpretive Provisions 35 ARTICLE 42 1.03 Accounting Terms 43 1.04 Rounding 44 1.05 Times of Day 44 1.06 Letter of Credit Amounts 44 1.07 UCC Terms 44 1.08 Rates 44 Article II COMMITMENTS AND CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence EXTENSIONS 45 2.01 Loans 45 2.02 Borrowings, Conversions and Continuations of Indebtedness 37 Section 2.3 Loans 45 2.03 Letters of Credit 37 Section 2.4 47 2.04 Swingline Advances 44 Section 2.5 BorrowingsLoans 55 2.05 Prepayments 58 2.06 Termination or Reduction of Commitments 60 2.07 Repayment of Loans 61 2.08 Interest and Default Rate 62 2.09 Fees 63 2.10 Computation of Interest and Fees; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Retroactive Adjustments of Applicable Rate 64 2.11 Evidence of Debt 64 2.12 Payments Generally; Administrative Agent’s Clawback 65 2.13 Sharing of Payments by Lxxxxxx 67 2.14 Cash Collateral 68 2.15 Defaulting Lenders 68 2.16 Extension of Maturity Date 71 2.17 Incremental Facilities 72 Article III TAXES, YIELD PROTECTION AND ILLEGALITY 77 3.01 Taxes 77 3.02 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 81 3.03 Benchmark Replacement 81 3.04 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Costs. 83 3.05 Compensation for Losses 84 3.06 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III 84 3.07 Survival 85 Article IV CONDITIONS PRECEDENT 69 Section 3.1 TO CREDIT EXTENSIONS 85 4.01 Conditions Precedent to of Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV 85 4.02 Conditions to all Credit Extensions 87 Article V REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 88 5.01 Existence, Qualification and Power 88 5.02 Authorization; No Contravention 88 5.03 Governmental Authorization; Other Consents 88 5.04 Binding Effect 89 5.05 Financial Condition 74 Section 4.5 Statements; No Material Adverse Effect 89 5.06 Litigation 89 5.07 No Default 90 5.08 Ownership and Liensof Property 90 5.09 Environmental Matters 90 5.10 Insurance 91 5.11 Taxes 91 5.12 Plan Compliance 91 5.13 Margin Regulations; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits92 5.14 Disclosure 92 5.15 Compliance with Laws 93 5.16 Solvency 93 5.17 Casualty, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Etc 93 5.18 Sanctions Concerns and Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Corruption Laws 93 5.19 Responsible Officers 93 5.20 Subsidiaries; Equity Interests; Loan Parties 94 5.21 Collateral Representations 94 5.22 EEA Financial Institutions 96 5.23 Beneficial Ownership Certification 96 5.24 Regulation H 96 5.25 Intellectual Property; Licenses, Etc 78 ARTICLE V 96 5.26 Labor Matters 97 5.27 Privacy and Data Security 97 Article VI AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 97 6.01 Financial Statements 97 6.02 Certificates; Other Information 98 6.03 Notices 100 6.04 Payment of Obligations 101 6.05 Preservation of Existence, Etc 101 6.06 Maintenance of Properties 101 6.07 Maintenance of Insurance 83 Section 5.4 102 6.08 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 102 6.09 Books and Records 102 6.10 Inspection Rights 103 6.11 Use of Proceeds 103 6.12 Covenant to Guarantee Obligations 103 6.13 Covenant to Give Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records103 6.14 Compliance with Environmental Laws 104 6.15 Anti-Corruption Laws; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities Sanctions 104 6.16 Approvals and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Authorizations 105 6.17 [Reserved] 105 6.18 [Reserved] 105 6.19 Further Assurances 87 Section 5.13 105 6.20 Post-Closing Matters 105 6.21 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI Unrestricted Subsidiaries 106 Article VII NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 107 7.01 Liens 89 Section 6.3 107 7.02 Indebtedness 109 7.03 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 111 7.04 Fundamental Changes 112 7.05 Dispositions 113 7.06 Restricted Payments 114 7.07 Change in Nature of Business 114 7.08 Transactions with Affiliates 114 7.09 [Reserved] 115 7.10 Use of Proceeds; Use of Letters of Credit 93Proceeds 115 7.11 Financial Covenants 115

Appears in 1 contract

Samples: Credit Agreement (Zeta Global Holdings Corp.)

Definitions and Accounting Terms. 1 Section 1.1 1.01 Certain Defined Terms 1 Section 1.2 1.02 Computation of Time Periods 34 27 Section 1.3 1.03 Accounting Terms; Changes in GAAP 34 27 Section 1.4 Classes and 1.04 Types of Advances 34 27 Section 1.5 Other Interpretive Provisions 35 1.05 Miscellaneous 27 ARTICLE II CREDIT FACILITIES 35 28 Section 2.1 2.01 Commitment for Advances 28 Section 2.02 Borrowing Base 29 Section 2.03 Method of Borrowing 33 Section 2.04 Reduction of the Commitments 35 Section 2.2 Evidence 2.05 Prepayment of Indebtedness 37 Advances 35 Section 2.3 2.06 Repayment of Advances 38 Section 2.07 Letters of Credit 37 38 Section 2.4 Swingline Advances 2.08 Fees 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 2.09 Interest 54 44 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 46 Section 2.11 Sharing of Payments, Etc 47 Section 2.12 Breakage Costs 47 Section 2.13 Increased Costs 48 Section 2.14 Taxes 59 49 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 53 Section 2.16 Increase in Commitments 64 Defaulting Lenders 54 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Right to Give Drawdown Notices 57 ARTICLE III CONDITIONS PRECEDENT 69 OF LENDING 57 Section 3.1 3.01 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 57 Section 3.2 3.02 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 All Borrowings 61 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 62 Section 4.1 Organization 73 4.01 Existence; Subsidiaries 62 Section 4.2 4.02 Power 62 Section 4.03 Authorization 73 and Approvals 62 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 934.04 Enforceable Obligations 63

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

Definitions and Accounting Terms. 1 Section 1.1 Certain 1.01 Defined Terms 1 Section 1.2 Computation 1.02 Use of Time Periods 34 Defined Terms 16 Section 1.3 1.03 Accounting Terms; Changes in GAAP 34 Terms 16 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 1.04 Interpretation 17 ARTICLE II CREDIT FACILITIES 35 AMOUNT AND TERMS OF LOANS Section 2.1 Commitments 35 2.01 Loans 17 Section 2.2 2.02 Repayment of Loans; Evidence of Indebtedness 37 Debt 17 Section 2.3 2.03 Procedure for Borrowing 18 Section 2.04 Facility Fees and LC Fees 19 Section 2.05 Letters of Credit 20 Section 2.06 Reduction or Termination of Commitments 24 Section 2.07 Optional Prepayments 25 Section 2.08 Mandatory Prepayments 25 Section 2.09 Commitment Increases 25 Section 2.10 Interest 27 Section 2.11 Computation of Interest and Fees 28 Section 2.12 Funding of Borrowings 29 Section 2.13 Pro Rata Treatment and Payments 29 Section 2.14 Increased Cost of Loans 31 Section 2.15 Illegality 33 Section 2.16 Taxes 34 Section 2.17 Substitute Loan Basis 36 Section 2.18 Certain Prepayments or Continuations 36 Section 2.19 Certain Notices 36 Section 2.20 Minimum Amounts of Eurodollar Borrowings 37 Section 2.4 2.21 Break Funding Payments 37 Section 2.22 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 Loans 37 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 3.01 Representations of the Borrower 39 ARTICLE IV AFFIRMATIVE COVENANTS Section 4.2 Authorization 73 4.01 Financial Statements and Other Information 41 Section 4.3 Enforceability 74 4.02 Notices of Material Events 42 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 4.03 Compliance with Agreements 75 Laws 42 i Page Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 4.04 Use of Proceeds 77 43 Section 4.16 Condition 4.05 Maintenance of Property; Casualties 77 Insurance 43 Section 4.17 Insurance 77 4.06 Additional Guarantors 43 Section 4.18 Security Interest 77 4.07 Books and Records; Inspections 43 Section 4.19 OFAC; Anti-Terrorism 77 4.08 Payment of Obligations 44 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 4.09 Material Contracts 44 ARTICLE V AFFIRMATIVE FINANCIAL COVENANTS 78 Section 5.1 Organization 78 5.01 Consolidated Leverage Ratio 44 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 5.02 Consolidated Interest Coverage Ratio 44 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 6.01 Nature of Business 44 Section 6.2 6.02 Liens 89 44 Section 6.3 6.03 Dispositions 46 Section 6.04 Transactions with Affiliates 47 Section 6.05 Indebtedness 48 Section 6.06 Investments 91 49 Section 6.4 Acquisitions 92 6.07 Restricted Payments 50 Section 6.5 6.08 Intercompany Payments 50 Section 6.09 Limitations on Sales and Leasebacks 51 Section 6.10 Fundamental Changes 51 Section 6.11 Negative Pledge Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit 9351

Appears in 1 contract

Samples: Revolving Credit Agreement (Western Gas Partners LP)

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