Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV
Appears in 3 contracts
Samples: Credit Agreement (Centerpoint Energy Resources Corp), Credit Agreement (Centerpoint Energy Inc), Credit Agreement (Centerpoint Energy Houston Electric LLC)
Amounts and Terms of the Advances. 24 SECTION 2.01 2.01. The Revolving Advances and Letters Credit Advances; Allocation of Credit 19 Commitments 24 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 25 SECTION 2.03 Swingline Loans 21 2.03. Voluntary Conversion or Continuation of Term Loan Advances 28 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 34 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 Commitments; Bank Additions 34 SECTION 2.09 2.06. Repayment 27 of Advances 37 SECTION 2.10 2.07. Interest 27 on Advances 37 SECTION 2.11 2.08. Interest Rate Determination 28 38 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.09. Prepayments of Revolving Advances 29 38 SECTION 2.14 2.10. Increased Costs 29 Costs; Capital Adequacy; Illegality 39 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 42 SECTION 2.17 2.12. Taxes 31 43 SECTION 2.18 2.13. Sharing of Payments, EtcEtc 45 SECTION 2.14. 33 Tax Forms 45 SECTION 2.19 Use 2.15. Market Disruption; Denomination of Proceeds 33 Amounts in Dollars 46 SECTION 2.20 Extension Option 33 2.16. Extensions of the Commitments 48 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 2.17. Term Loan Election 50 SECTION 2.22 Evidence of Debt 35 2.18. Defaulting Banks 50 SECTION 2.19. Funding Vehicle 51 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 51 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 52 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 53 SECTION 3.03 3.03. Conditions Precedent to Each CAF Borrowing 37 Certain Borrowings 53 ARTICLE IV REPRESENTATIONS AND WARRANTIES 53 SECTION 3.04 Determinations Under Section 3.01 37 4.01. Representations and Warranties of the Borrowers 53 SECTION 4.02. Additional Representations and Warranties of CFSC, CIF and CFKK 57 ARTICLE IVV COVENANTS OF THE BORROWERS 57 SECTION 5.01. Affirmative Covenants 57 SECTION 5.02. Negative Covenants 61 SECTION 5.03. Financial Covenant of Caterpillar 61 SECTION 5.04. Financial and Other Covenants of CFSC 61 ARTICLE VI EVENTS OF DEFAULT 62 SECTION 6.01. Events of Default 62 ARTICLE VII AGENCY 66 SECTION 7.01. Appointment and Authority 66 SECTION 7.02. Agent Individually 66 SECTION 7.03. Duties of Agent; Exculpatory Provisions 67 SECTION 7.04. Reliance by Agent 68 SECTION 7.05. Delegation of Duties 69 SECTION 7.06. Resignation or Removal of Agent 69 SECTION 7.07. Non-Reliance on Agents and Other Banks 70 SECTION 7.08. No Other Duties, etc 71 SECTION 7.09. Indemnification 71 SECTION 7.10. Bank ERISA Matters 72 ARTICLE VIII MISCELLANEOUS 73 SECTION 8.01. Amendments, Etc 73 SECTION 8.02. Notices; Communications, Etc 75 SECTION 8.03. No Waiver; Remedies 78 SECTION 8.04. Costs, Expenses and Taxes 78 SECTION 8.05. Right of Set-off 80 SECTION 8.06. Binding Effect 80 SECTION 8.07. Assignments and Participations 80 SECTION 8.08. Governing Law; Submission to Jurisdiction; Service of Process 83 SECTION 8.09. Caterpillar as Agent for the Borrowers 84 SECTION 8.10. Judgment Currency 84 SECTION 8.11. Execution in Counterparts 84 SECTION 8.12. Waiver of Jury Trial 85 SECTION 8.13. USA Patriot Act Notification 85 SECTION 8.14. Confidentiality 85 SECTION 8.15. Treatment of Information 87 SECTION 8.16. Termination of Prior Agreement 88 SECTION 8.17. No Fiduciary Duty 89 SECTION 8.18. Arrangers 89 SECTION 8.19. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 89 ARTICLE IX CFSC GUARANTY 90 SECTION 9.01. The Guaranty 90
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)
Amounts and Terms of the Advances. 30 SECTION 2.01 2.01. The Revolving Advances and Letters Credit Advances; Allocation of Credit 19 Commitments 30 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 31 SECTION 2.03 Swingline Loans 21 2.03. [Reserved]. 33 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 38 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 Commitments; Bank Additions 38 SECTION 2.09 2.06. Repayment 27 of Advances 41 SECTION 2.10 2.07. Interest 27 on Advances 41 SECTION 2.11 2.08. Interest Rate Determination 28 42 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.09. Prepayments of Revolving Advances 29 42 SECTION 2.14 2.10. Increased Costs 29 Costs; Capital Adequacy; Illegality 43 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 46 SECTION 2.17 2.12. Taxes 31 47 SECTION 2.18 2.13. Sharing of Payments, EtcEtc 49 SECTION 2.14. 33 Tax Forms 49 SECTION 2.19 Use 2.15. Market Disruption; Denomination of Proceeds 33 Amounts in Dollars 50 SECTION 2.20 Extension Option 33 2.16. Extensions of the Commitments 53 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 2.17. Defaulting Banks 55 SECTION 2.22 Evidence of Debt 35 2.18. Funding Vehicle 56 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 56 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 56 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 57 SECTION 3.03 3.03. Conditions Precedent to Each CAF Borrowing 37 Certain Borrowings 57 ARTICLE IV REPRESENTATIONS AND WARRANTIES 58 SECTION 3.04 Determinations Under Section 3.01 37 4.01. Representations and Warranties of the Borrowers 58 SECTION 4.02. Additional Representations and Warranties of CFSC, CIF and CFKK 61 ARTICLE IVV COVENANTS OF THE BORROWERS 61 SECTION 5.01. Affirmative Covenants 61 SECTION 5.02. Negative Covenants 65 SECTION 5.03. Financial Covenant of Caterpillar 65 SECTION 5.04. Financial and Other Covenants of CFSC 65 ARTICLE VI EVENTS OF DEFAULT 66 TABLE OF CONTENTS (continued) Page SECTION 6.01. Events of Default 66 ARTICLE VII AGENCY 70 SECTION 7.01. Appointment and Authority 70 SECTION 7.02. Agent Individually 70 SECTION 7.03. Duties of Agent; Exculpatory Provisions 71 SECTION 7.04. Reliance by Agent 72 SECTION 7.05. Delegation of Duties 73 SECTION 7.06. Resignation or Removal of Agent 73 SECTION 7.07. Non-Reliance on Agents and Other Banks 74 SECTION 7.08. No Other Duties, etc 75 SECTION 7.09. Indemnification 75 SECTION 7.10. Bank ERISA Matters 76 SECTION 7.11. Erroneous Payments 77 ARTICLE VIII MISCELLANEOUS 80 SECTION 8.01. Amendments, Etc 80 SECTION 8.02. Notices; Communications, Etc 81 SECTION 8.03. No Waiver; Remedies 84 SECTION 8.04. Costs, Expenses and Taxes 84 SECTION 8.05. Right of Set-off 86 SECTION 8.06. Binding Effect 86 SECTION 8.07. Assignments and Participations 87 SECTION 8.08. Governing Law; Submission to Jurisdiction; Service of Process 89 SECTION 8.09. Caterpillar as Agent for the Borrowers 90 SECTION 8.10. Judgment Currency 90 SECTION 8.11. Execution in Counterparts 91 SECTION 8.12. Waiver of Jury Trial 91 SECTION 8.13. USA Patriot Act Notification 91 SECTION 8.14. Confidentiality 92 SECTION 8.15. Treatment of Information 93 SECTION 8.16. Amendment and Restatement; Departing Bank 95 SECTION 8.17. No Fiduciary Duty 95 SECTION 8.18. Arrangers 96 SECTION 8.19. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 96 ARTICLE IX CFSC GUARANTY 96 SECTION 9.01. The Guaranty 96 SECTION 9.02. Guaranty Unconditional 97 TABLE OF CONTENTS (continued) Page
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)
Amounts and Terms of the Advances. 24 SECTION 2.01 2.01. The Revolving Advances and Letters Credit Advances; Allocation of Credit 19 Commitments 24 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 25 SECTION 2.03 Swingline Loans 21 2.03. [Reserved] 27 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 32 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 Commitments; Bank Additions 32 SECTION 2.09 2.06. Repayment 27 of Advances 35 SECTION 2.10 2.07. Interest 27 on Advances 35 SECTION 2.11 2.08. Interest Rate Determination 28 36 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.09. Prepayments of Revolving Advances 29 36 SECTION 2.14 2.10. Increased Costs 29 Costs; Capital Adequacy; Illegality 37 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 40 SECTION 2.17 2.12. Taxes 31 41 SECTION 2.18 2.13. Sharing of Payments, EtcEtc 43 SECTION 2.14. 33 Tax Forms 43 SECTION 2.19 Use 2.15. Market Disruption; Denomination of Proceeds 33 Amounts in Dollars 44 SECTION 2.20 Extension Option 33 2.16. Extensions of the Commitments 46 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 2.17. [Reserved] 47 SECTION 2.22 Evidence of Debt 35 2.18. Defaulting Banks 48 SECTION 2.19. Funding Vehicle 49 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 49 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 49 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 50 SECTION 3.03 3.03. Conditions Precedent to Each CAF Borrowing 37 Certain Borrowings 50 ARTICLE IV REPRESENTATIONS AND WARRANTIES 51 SECTION 3.04 Determinations Under Section 3.01 37 4.01. Representations and Warranties of the Borrowers 51 SECTION 4.02. Additional Representations and Warranties of CFSC, CIF and CFKK 54 ARTICLE IVV COVENANTS OF THE BORROWERS 54 SECTION 5.01. Affirmative Covenants 54 SECTION 5.02. Negative Covenants 58 SECTION 5.03. Financial Covenant of Caterpillar 59 SECTION 5.04. Financial and Other Covenants of CFSC 59 ARTICLE VI EVENTS OF DEFAULT 59 SECTION 6.01. Events of Default 59 ARTICLE VII AGENCY 63 SECTION 7.01. Appointment and Authority 63 SECTION 7.02. Agent Individually 63 SECTION 7.03. Duties of Agent; Exculpatory Provisions 64 SECTION 7.04. Reliance by Agent 65 SECTION 7.05. Delegation of Duties 66 SECTION 7.06. Resignation or Removal of Agent 66 SECTION 7.07. Non-Reliance on Agents and Other Banks 67 SECTION 7.08. No Other Duties, etc 69 SECTION 7.09. Indemnification 69 SECTION 7.10. Bank ERISA Matters 69 ARTICLE VIII MISCELLANEOUS 71 SECTION 8.01. Amendments, Etc 71 SECTION 8.02. Notices; Communications, Etc 72 SECTION 8.03. No Waiver; Remedies 75 SECTION 8.04. Costs, Expenses and Taxes 75 SECTION 8.05. Right of Set-off 77 SECTION 8.06. Binding Effect 77 SECTION 8.07. Assignments and Participations 78 SECTION 8.08. Governing Law; Submission to Jurisdiction; Service of Process 80 SECTION 8.09. Caterpillar as Agent for the Borrowers 81 SECTION 8.10. Judgment Currency 81 SECTION 8.11. Execution in Counterparts 82 SECTION 8.12. Waiver of Jury Trial 82 SECTION 8.13. USA Patriot Act Notification 82 SECTION 8.14. Confidentiality 82 SECTION 8.15. Treatment of Information 83 SECTION 8.16. Amendment and Restatement; Departing Bank 85 SECTION 8.17. No Fiduciary Duty 86 SECTION 8.18. Arrangers 86 SECTION 8.19. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 86 ARTICLE IX CFSC GUARANTY 87 SECTION 9.01. The Guaranty 87 SECTION 9.02. Guaranty Unconditional 87
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Inc), Credit Agreement (Caterpillar Financial Services Corp)
Amounts and Terms of the Advances. 11 SECTION 2.01 2.01. The Revolving Advances and Letters Credit Advances; Allocation of Credit 19 Commitments. 11 SECTION 2.02 2.02. Making the Revolving Advances 20 Credit Advances. 12 SECTION 2.03 Swingline Loans 21 2.03. Terms of Japan Local Currency Facility. 14 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 16 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 Commitments; Bank Additions 17 SECTION 2.09 2.06. Repayment 27 of Advances 18 SECTION 2.10 2.07. Interest 27 on Advances 18 SECTION 2.11 2.08. Interest Rate Determination 28 20 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.09. Prepayments of Revolving Advances 29 21 SECTION 2.14 2.10. Increased Costs 29 Costs; Capital Adequacy; Illegality 21 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 Computations. 23 SECTION 2.17 2.12. Taxes 31 24 SECTION 2.18 2.13. Sharing of Payments, EtcEtc 25 SECTION 2.14. 33 Tax Forms 25 SECTION 2.19 Use 2.15. Market Disruption; Denomination of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase Amounts in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Dollars. 26 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 26 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 26 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 27 SECTION 3.03 3.03. Conditions Precedent to Each CAF Borrowing Certain Borrowings 27 ARTICLE IV REPRESENTATIONS AND WARRANTIES 28 SECTION 4.01. Representations and Warranties of the Borrowers 28 SECTION 4.02. Additional Representations and Warranties of CFSC and CFC. 29 ARTICLE V COVENANTS OF THE BORROWERS 29 SECTION 5.01. Affirmative Covenants 29 SECTION 5.02. Negative Covenants 32 SECTION 5.03. Financial Covenant of Caterpillar 32 SECTION 5.04. Financial and Other Covenants of CFSC 32 ARTICLE VI EVENTS OF DEFAULT 33 SECTION 6.01. Events of Default 33 ARTICLE VII THE AGENT 35 SECTION 7.01. Authorization and Action 35 SECTION 7.02. Agent’s Reliance, Etc 36 SECTION 7.03. Citibank and Affiliates 36 SECTION 7.04. Bank Credit Decision 36 SECTION 7.05. Indemnification 36 SECTION 7.06. Successor Agent 37 SECTION 3.04 Determinations Under Section 3.01 7.07. The Arrangers 37 ARTICLE IVVIII MISCELLANEOUS 37 SECTION 8.01. Amendments, Etc 37 SECTION 8.02. Notices, Etc 38 SECTION 8.03. No Waiver; Remedies 39 SECTION 8.04. Costs, Expenses and Taxes 39 SECTION 8.05. Right of Set-off 40 SECTION 8.06. Binding Effect 40 SECTION 8.07. Assignments and Participations. 40 SECTION 8.08. Governing Law; Submission to Jurisdiction; Service of Process. 42 SECTION 8.09. Caterpillar as Agent for the Borrowers; CFSC as Service of Process Agent for CFC 42 SECTION 8.10. Judgment Currency 43 SECTION 8.11. Execution in Counterparts 43 SECTION 8.12. Waiver of Jury Trial 43 SECTION 8.13. USA Patriot Act Notification 43 SECTION 8.14. Confidentiality 44 SECTION 8.15. Termination of Prior Agreement 44 ARTICLE IX CFSC GUARANTY 44 SECTION 9.01. The Guaranty 44 SECTION 9.02. Guaranty Unconditional 45 SECTION 9.03. Discharge Only Upon Payment In Full; Reinstatement in Certain Circumstances 45 SECTION 9.04. Waiver by CFSC 45 SECTION 9.05. Subrogation 45 SECTION 9.06. Stay of Acceleration 46 EXHIBITS Exhibit A Form of Note Exhibit B-1 Notice of Revolving Credit Borrowing Exhibit B-2 Notice of Japan Local Currency Borrowing Exhibit B-3 Notice of Allocation Exhibit B-4 Notice of Bank Addition Exhibit C-1 Form of Assignment and Acceptance Exhibit C-2 Form of Assumption and Acceptance Exhibit D Form of Opinion of Counsel for each of Caterpillar and CFSC Exhibit E Form of Opinion of Special New York Counsel to the Agent Exhibit F-1 Form of Compliance Certificate (Caterpillar) Exhibit F-2 Form of Compliance Certificate (CFSC) Exhibit G Form of Japan Local Currency Addendum CREDIT AGREEMENT (Five-Year Facility) Dated as of September 20, 2007 Caterpillar Inc., a Delaware corporation (“Caterpillar”), Caterpillar Financial Services Corporation, a Delaware corporation (“CFSC”), Caterpillar Finance Corporation, an entity organized under the laws of Japan (“CFC”), the financial institutions listed on the signature pages hereof and those financial institutions that become “Added Banks” pursuant to Section 2.05(c), in each case together with their respective successors and assigns (the “Banks”), Citibank, N.A. (“Citibank”), as agent (the “Agent”) for the Banks hereunder, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as the Japan Local Currency Agent, agree as follows:
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Inc), Credit Agreement (Caterpillar Financial Services Corp)
Amounts and Terms of the Advances. 17 SECTION 2.01 2.01. The Revolving Advances and Letters Credit Advances; Allocation of Credit 19 Commitments 17 SECTION 2.02 2.02. Making the Revolving Credit Advances 18 SECTION 2.03. [Intentionally Omitted] 20 SECTION 2.03 Swingline Loans 2.04. Fees 20 SECTION 2.05. Reduction of the Commitments 21 SECTION 2.04 Issuance 2.06. Repayment of and Drawings and Reimbursement Under Letters of Credit Advances 22 SECTION 2.05 The CAF 2.07. Interest on Advances 22 SECTION 2.08. Interest Rate Determination 23 SECTION 2.09. Prepayments of Advances 23 SECTION 2.06 Competitive Bid Procedure 2.10. Increased Costs; Capital Adequacy; Illegality 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 26 SECTION 2.17 2.12. Taxes 31 26 SECTION 2.18 2.13. Sharing of Payments, EtcEtc 28 SECTION 2.14. 33 Tax Forms 28 SECTION 2.19 Use of Proceeds 33 2.15. Market Disruption 29 SECTION 2.20 Extension Option 33 2.16. [Intentionally Omitted] 30 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 2.17. [Intentionally Omitted] 30 SECTION 2.22 Evidence of Debt 35 2.18. Defaulting Banks 30 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 31 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 31 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 32 SECTION 3.03 3.03. Conditions Precedent to Each CAF Certain Borrowings 32 ARTICLE IV REPRESENTATIONS AND WARRANTIES 33 SECTION 4.01. Representations and Warranties of the Borrowers 33 SECTION 4.02. Additional Representations and Warranties of CFSC 35 ARTICLE V COVENANTS OF THE BORROWERS 36 SECTION 5.01. Affirmative Covenants 36 SECTION 5.02. Negative Covenants 39 SECTION 5.03. Financial Covenant of Caterpillar 40 SECTION 5.04. Financial and Other Covenants of CFSC 40 ARTICLE VI EVENTS OF DEFAULT 41 SECTION 6.01. Events of Default 41 ARTICLE VII AGENCY 44 SECTION 7.01. Appointment and Authority 44 SECTION 7.02. Agent Individually 44 SECTION 7.03. Duties of Agent; Exculpatory Provisions 45 SECTION 7.04. Reliance by Agent 46 SECTION 7.05. Delegation of Duties 46 SECTION 7.06. Resignation or Removal of Agent 46 SECTION 7.07. Non-Reliance on Agents and Other Banks 47 SECTION 7.08. No Other Duties, etc 48 SECTION 7.09. Indemnification 48 SECTION 7.10. Bank ERISA Matters 49 ARTICLE VIII MISCELLANEOUS 50 SECTION 8.01. Amendments, Etc 50 SECTION 8.02. Notices; Communications, Etc 51 SECTION 8.03. No Waiver; Remedies 54 SECTION 8.04. Costs, Expenses and Taxes 54 SECTION 8.05. Right of Set-off 56 SECTION 8.06. Binding Effect 56 SECTION 8.07. Assignments and Participations 57 SECTION 8.08. Governing Law; Submission to Jurisdiction; Service of Process 59 SECTION 8.09. Caterpillar as Agent for the Borrowers 60 SECTION 8.10. Judgment Currency 60 SECTION 8.11. Execution in Counterparts 60 SECTION 8.12. Waiver of Jury Trial 61 SECTION 8.13. USA Patriot Act Notification 61 SECTION 8.14. Confidentiality 61 SECTION 8.15. Treatment of Information 62 SECTION 8.16. [Intentionally Omitted] 64 SECTION 8.17. No Fiduciary Duty 64 SECTION 8.18. Arrangers 65 SECTION 8.19. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 65 SCHEDULES Schedule I Commitments Schedule II Commitment Fee and Applicable Margin Table EXHIBITS Exhibit A Form of Note Exhibit B-1 Form of Notice of Revolving Credit Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVExhibit B-2 Form of Notice of Allocation Exhibit C Form of Assignment and Acceptance Exhibit D Form of Opinion of Counsel for each of Caterpillar and CFSC Exhibit E [Reserved] Exhibit F-1 Form of Compliance Certificate (Caterpillar) Exhibit F-2 Form of Compliance Certificate (CFSC) CREDIT AGREEMENT (Short-Term Facility) Dated as of April 21, 2020 Caterpillar Inc., a Delaware corporation (“Caterpillar”), Caterpillar Financial Services Corporation, a Delaware corporation (“CFSC”), the financial institutions listed on the signature pages hereof, in each case together with their respective successors and assigns (the “Banks”), and Citibank, N.A. (“Citibank”), as agent (the “Agent”) for the Banks hereunder, agree as follows:
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 19 SECTION 2.03 Swingline Loans 2.03. The Competitive Bid Advances 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 25 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 2.06. Repayment of Revolving Credit Advances 27 SECTION 2.10 2.07. Interest on Revolving Credit Advances 27 SECTION 2.11 2.08. Interest Rate Determination 28 27 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.12. Illegality 31 SECTION 2.13. Payments and Computations 30 32 SECTION 2.17 2.14. Taxes 31 33 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 36 SECTION 2.16. 33 Extensions of Termination Date 36 SECTION 2.19 Use 2.17. Substitution of Proceeds 33 Lender 37 SECTION 2.20 Extension Option 33 2.18. Evidence of Debt 37 SECTION 2.21 2.19. Defaulting Lenders 38 SECTION 2.20. Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 39 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Amendment SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Commitment Increase and Commitment Increase 36 Extension 41 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 42 SECTION 3.04 3.04. Determinations Under Section 3.01 37 42 SECTION 3.05. Labor Dispute 42 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES SECTION 4.01. Representations and Warranties of the Borrower 43
Appears in 2 contracts
Samples: Five Year Credit Agreement (United Parcel Service Inc), Five Year Credit Agreement (United Parcel Service Inc)
Amounts and Terms of the Advances. 24 SECTION 2.01 2.01. The Revolving Advances and Letters Credit Advances; Allocation of Credit 19 Commitments 24 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 25 SECTION 2.03 Swingline Loans 21 2.03. [Reserved] 27 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 32 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 Commitments; Bank Additions 32 SECTION 2.09 2.06. Repayment 27 of Advances 35 SECTION 2.10 2.07. Interest 27 on Advances 35 SECTION 2.11 2.08. Interest Rate Determination 28 36 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.09. Prepayments of Revolving Advances 29 36 SECTION 2.14 2.10. Increased Costs 29 Costs; Capital Adequacy; Illegality 37 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 40 SECTION 2.17 2.12. Taxes 31 41 SECTION 2.18 2.13. Sharing of Payments, EtcEtc 43 SECTION 2.14. 33 Tax Forms 43 SECTION 2.19 Use 2.15. Market Disruption; Denomination of Proceeds 33 Amounts in Dollars 44 SECTION 2.20 Extension Option 33 2.16. Extensions of the Commitments 46 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 2.17. [Reserved] 47 SECTION 2.22 Evidence of Debt 35 2.18. Defaulting Banks 47 SECTION 2.19. Funding Vehicle 49 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 49 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 49 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 50 SECTION 3.03 3.03. Conditions Precedent to Each CAF Borrowing 37 Certain Borrowings 50 ARTICLE IV REPRESENTATIONS AND WARRANTIES 51 SECTION 3.04 Determinations Under Section 3.01 37 4.01. Representations and Warranties of the Borrowers 51 SECTION 4.02. Additional Representations and Warranties of CFSC, CIF and CFKK 54 ARTICLE IVV COVENANTS OF THE BORROWERS 54 SECTION 5.01. Affirmative Covenants 54 SECTION 5.02. Negative Covenants 58 SECTION 5.03. Financial Covenant of Caterpillar 58 SECTION 5.04. Financial and Other Covenants of CFSC 59 ARTICLE VI EVENTS OF DEFAULT 59 SECTION 6.01. Events of Default 59 ARTICLE VII AGENCY 63 SECTION 7.01. Appointment and Authority 63 SECTION 7.02. Agent Individually 63 SECTION 7.03. Duties of Agent; Exculpatory Provisions 64 SECTION 7.04. Reliance by Agent 65 SECTION 7.05. Delegation of Duties 66 SECTION 7.06. Resignation or Removal of Agent 66 SECTION 7.07. Non-Reliance on Agents and Other Banks 67 SECTION 7.08. No Other Duties, etc 68 SECTION 7.09. Indemnification 69 SECTION 7.10. Bank ERISA Matters 69 ARTICLE VIII MISCELLANEOUS 71 SECTION 8.01. Amendments, Etc 71 SECTION 8.02. Notices; Communications, Etc 72 SECTION 8.03. No Waiver; Remedies 75 SECTION 8.04. Costs, Expenses and Taxes 75 SECTION 8.05. Right of Set-off 77 SECTION 8.06. Binding Effect 77 SECTION 8.07. Assignments and Participations 77 SECTION 8.08. Governing Law; Submission to Jurisdiction; Service of Process 80 SECTION 8.09. Caterpillar as Agent for the Borrowers 81 SECTION 8.10. Judgment Currency 81 SECTION 8.11. Execution in Counterparts 81 SECTION 8.12. Waiver of Jury Trial 82 SECTION 8.13. USA Patriot Act Notification 82 SECTION 8.14. Confidentiality 82 SECTION 8.15. Treatment of Information 83 SECTION 8.16. Amendment and Restatement; Departing Bank 85 SECTION 8.17. No Fiduciary Duty 86 SECTION 8.18. Arrangers 86 SECTION 8.19. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 86 ARTICLE IX CFSC GUARANTY 87 SECTION 9.01. The Guaranty 87 SECTION 9.02. Guaranty Unconditional 87
Appears in 2 contracts
Samples: Credit Agreement (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Inc)
Amounts and Terms of the Advances. 16 SECTION 2.01 The Revolving Advances and Letters of Credit 19 16 SECTION 2.02 Making the Revolving Advances 16 SECTION 2.03 Fees 17 SECTION 2.04 Termination and Reduction of Commitments 18 SECTION 2.05 Repayment of Advances 20 SECTION 2.03 Swingline Loans 2.06 Interest on Advances 20 SECTION 2.07 [Intentionally Omitted.] 21 SECTION 2.04 Issuance 2.08 Interest Rate Determination 21 SECTION 2.09 Optional Conversion of and Drawings and Reimbursement Under Letters of Credit Advances 22 SECTION 2.05 The CAF 2.10 Prepayments of Advances 23 SECTION 2.06 Competitive Bid Procedure 2.11 Increased Costs 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 Illegality 25 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 25 SECTION 2.17 2.14 Taxes 31 26 SECTION 2.18 2.15 Sharing of Payments, Etcetc. 33 29 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 29 SECTION 2.17 Evidence of Debt 30 SECTION 2.18 Use of Proceeds 33 31 SECTION 2.19 [Intentionally Omitted] 31 SECTION 2.20 Extension Option 33 [Intentionally Omitted] 31 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Defaulting Lenders 31 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 32 SECTION 3.01 Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 32 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Closing Date 33 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section Sections 3.01 37 and 3.02 35 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 35
Appears in 2 contracts
Samples: 364 Day Bridge Credit Agreement (TWDC Enterprises 18 Corp.), 364 Day Bridge Credit Agreement (Walt Disney Co)
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 17 SECTION 2.02 Making the Revolving Advances 18 SECTION 2.03 Fees 19 SECTION 2.04 Reduction of the Commitments 20 SECTION 2.05 Repayment of Advances 20 SECTION 2.03 Swingline Loans 2.06 Interest on Advances 20 SECTION 2.07 [Intentionally Omitted.] 21 SECTION 2.04 Issuance 2.08 Interest Rate Determination 21 SECTION 2.09 Optional Conversion of and Drawings and Reimbursement Under Letters of Credit Advances 22 SECTION 2.05 The CAF 2.10 Prepayments of Advances 23 SECTION 2.06 Competitive Bid Procedure 23 2.11 Increased Costs 24 SECTION 2.07 Fees 2.12 Illegality 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 26 SECTION 2.17 2.14 Taxes 31 28 SECTION 2.18 2.15 Sharing of Payments, Etc. etc 32 SECTION 2.16 Mandatory Assignment by a Lender; Mitigation 32 SECTION 2.17 Evidence of Debt 33 SECTION 2.19 2.18 Use of Proceeds 33 34 SECTION 2.19 [Intentionally Omitted.] 34 SECTION 2.20 Extension Option 33 of Scheduled Termination Date 34 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 Defaulting Lenders 37 SECTION 2.22 Evidence of Debt 35 Term-Out Option 38 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 38 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 40 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV40
Appears in 2 contracts
Samples: Credit Agreement (Walt Disney Co/), Credit Agreement (Walt Disney Co/)
Amounts and Terms of the Advances. 16 SECTION 2.01 The Revolving Advances and Letters of Credit 19 16 SECTION 2.02 Making the Revolving Advances 16 SECTION 2.03 Fees 17 SECTION 2.04 Termination and Reduction of Commitments 17 SECTION 2.05 Repayment of Advances 19 SECTION 2.06 Interest on Advances 19 SECTION 2.07 [Intentionally Omitted.] 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 20 SECTION 2.12 2.09 Optional Conversion of Revolving Advances 29 21 SECTION 2.10 Prepayments of Advances 22 SECTION 2.11 Increased Costs 22 SECTION 2.12 Illegality 24 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 24 SECTION 2.17 2.14 Taxes 31 25 SECTION 2.18 2.15 Sharing of Payments, Etcetc. 33 28 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 29 SECTION 2.17 Evidence of Debt 29 SECTION 2.18 Use of Proceeds 33 30 SECTION 2.19 [Intentionally Omitted] 30 SECTION 2.20 Extension Option 33 [Intentionally Omitted] 30 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Defaulting Lenders 30 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 31 SECTION 3.01 Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 31 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance Closing Date 32 SECTION 3.03 Determinations Under Sections 3.01 and Commitment Increase 3.02 34 ARTICLE IV REPRESENTATIONS AND WARRANTIES 34 SECTION 4.01 Representations and Warranties of the Borrower 34 ARTICLE V COVENANTS OF THE BORROWER 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 5.01 Affirmative Covenants 36 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV5.02 Negative Covenants 39 i
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Walt Disney Co), 364 Day Credit Agreement (TWDC Enterprises 18 Corp.)
Amounts and Terms of the Advances. SECTION 10 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Advances. 10 Section 2.02 Making the Revolving Advances 20 SECTION Credit Advances. 10 Section 2.03 Swingline Loans 21 SECTION [Reserved]. 12 Section 2.04 Issuance Fees. 12 Section 2.05 Termination, Reduction or Increase of and Drawings and Reimbursement Under Letters Commitments. 12 Section 2.06 Repayment of Revolving Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION Advances; Extension of Termination Date. 14 Section 2.07 Fees 26 SECTION Interest on Revolving Credit Advances. 15 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Determination. 16 Section 2.09 Optional Conversion or Continuation of Revolving Advances 29 SECTION 2.13 Credit Advances. 17 Section 2.10 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Credit Advances. 17 Section 2.11 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs. 17 Section 2.12 Illegality. 18 Section 2.13 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Computations; Evidence of Advances. 19 Section 2.14 Taxes. 20 Section 2.15 Sharing of Payments, Etc. 33 SECTION 2.19 23 Section 2.16 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Proceeds. 23 Section 2.17 Borrowings by Borrowing Subsidiaries. 23 Section 2.18 License Agreement and CDS Data. 24 Section 2.19 Defaulting Lenders. 25 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 26 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION Effectiveness. 26 Section 3.02 Conditions Precedent to Each Revolving Credit Borrowing, Issuance and Commitment Increase 36 SECTION . 28 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV3.01. 28
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 16 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 17 SECTION 2.03 Swingline Loans 21 2.03. The Competitive Bid Advances 19 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 2.04. Fees 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 23 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 24 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 24 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 24 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 26 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 26 SECTION 2.14 2.11. Increased Costs 29 27 SECTION 2.15 2.12. Illegality 30 28 SECTION 2.16 2.13. Payments and Computations 28 SECTION 2.14. Taxes 30 SECTION 2.17 Taxes 31 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 32 SECTION 2.16. Extensions of Termination Date 33 SECTION 2.19 Use 2.17. Substitution of Proceeds Lender 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 34 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 34 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Credit Borrowing 35 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 36 SECTION 3.04 3.04. Determinations Under Section 3.01 37 36 SECTION 3.05. Labor Dispute 36 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 18 SECTION 2.02 2.02. Making the Revolving Credit Advances 19 SECTION 2.03. The Competitive Bid Advances 20 SECTION 2.03 Swingline Loans 21 2.04. Fees 24 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 25 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 25 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 25 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 26 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 28 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 28 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 2.12. Illegality 30 SECTION 2.16 2.13. Payments and Computations 30 SECTION 2.17 2.14. Taxes 31 32 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 34 SECTION 2.16. 33 Extensions of Termination Date and Final Maturity Date 34 SECTION 2.19 Use 2.17. Substitution of Proceeds 33 Lender 35 SECTION 2.20 Extension Option 33 2.18. Evidence of Debt 35 SECTION 2.21 2.19. Defaulting Lenders 36 SECTION 2.20. Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 36 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Amendment SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Commitment Increase and Commitment Increase 36 Extension 39 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 39 SECTION 3.04 3.04. Determinations Under Section 3.01 37 40 SECTION 3.05. Labor Dispute 40 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 16 Section 2.01 The Revolving Advances and Letters Advances, Letter of Credit 19 SECTION Advances 16 Section 2.02 Making the Revolving Letter of Credit Advances 16 Section 2.03 Fees 17 Section 2.04 Repayment of Letter of Credit Advances 18 Section 2.05 Interest 18 Section 2.06 Application of Payments Received 18 Section 2.07 Increased Costs 19 Section 2.08 Payments and Computations 19 Section 2.09 Taxes 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Section 2.10 Sharing of Payments, Etc 22 Section 2.11 Use of Proceeds 23 Section 2.12 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction Section 2.13 Cash Security Pricing 28 Section 2.14 Special Cash Collateralization 29 Section 2.15 Replacement of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances Lenders 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality Section 2.16 Certain Security Accounts 30 SECTION 2.16 Payments and Computations 30 SECTION Section 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Defaulting Lender 32 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION EXTENSION OF CREDIT 33 Section 3.01 Conditions Precedent to Effectiveness Initial Extension of Sections 2.01 and 2.05 35 SECTION Credit 33 Section 3.02 Conditions Precedent to Each Revolving BorrowingNotice of Extension and Issuance, Issuance Etc 35 ARTICLE IV REPRESENTATIONS AND WARRANTIES 36 Section 4.01 Representations and Commitment Increase Warranties of the Obligors 36 SECTION 3.03 Conditions Precedent ARTICLE V COVENANTS OF THE OBLIGORS 38 Section 5.01 Affirmative Covenants 38 Section 5.02 Reporting Requirements 40 Section 5.03 Financial Covenants 42 Section 5.04 Certain Notice Covenants 43 Section 5.05 [Reserved] 44 ARTICLE VI EVENTS OF DEFAULT 44 Section 6.01 Events of Default 44 Section 6.02 Actions in Respect of the Letters of Credit upon Default 47 Section 6.03 Lender Parties’ Notice to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Intercreditor Agent 48 Section 3.01 37 6.04 Acknowledgment of Intercreditor Agreement 48 ARTICLE IVVII PDSA GUARANTY 48 Section 7.01 Guaranty 48 Section 7.02 Guaranty Absolute 48 Section 7.03 Waivers and Acknowledgments 49 Section 7.04 Subrogation 50 Section 7.05 Continuing Guaranty 51 ARTICLE VIII THE ADMINISTRATIVE AGENT 51 Section 8.01 Authorization and Action 51 Section 8.02 Administrative Agent’s Reliance, Etc 51 Section 8.03 Citibank and Affiliates 52 Section 8.04 Party Credit Decision 52 Section 8.05 Indemnification 52 Section 8.06 Successor Administrative Agent 54 Section 8.07 Delegation of Duties 55 Section 8.08 Resignation of Issuing Bank 55 ARTICLE IX MISCELLANEOUS 55 Section 9.01 Amendments, Etc 55 Section 9.02 Notices, Etc 56 Section 9.03 No Waiver; Remedies, Entire Agreement 58
Appears in 1 contract
Amounts and Terms of the Advances. AND SPECIAL RATE LOANS SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 Contract Advances; Special Rate Loans 10 SECTION 2.02 2.02. Making the Revolving Contract Advances 20 11 SECTION 2.03 Swingline Loans 21 2.03. The Auction Advances 12 SECTION 2.04 Issuance 2.04. Conversion and Continuation of and Drawings and Reimbursement Under Letters of Credit 22 Contract Borrowings 14 SECTION 2.05 The CAF Advances 23 2.05. Fees 16 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.06. Optional Reduction of the Revolving Commitments 26 16 SECTION 2.09 2.07. Repayment 27 of Advances and Special Rate Loans; Prepayment 16 SECTION 2.10 2.08. Interest 27 17 SECTION 2.11 2.09. Interest Rate Determination 28 18 SECTION 2.12 Optional Conversion 2.10. Alternate Rate of Revolving Interest 18 SECTION 2.11. Increased Costs; Increased Capital 18 SECTION 2.12. Additional Interest on Eurodollar Rate Advances 29 19 SECTION 2.13 Optional Prepayments of Revolving Advances 29 2.13. Change in Legality 20 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.14. Payments and Computations 30 20 SECTION 2.17 2.15. Taxes 31 on Payments. 21 SECTION 2.18 2.16. Sharing of Payments, Etc. 33 23 SECTION 2.19 Use 2.17. Removal of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 a Bank 23 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Borrowing 24 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Borrowing 25 REPRESENTATIONS AND WARRANTIES SECTION 4.01. Representations and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVWarranties of the Borrower 25
Appears in 1 contract
Amounts and Terms of the Advances. 23 SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 23 SECTION 2.02 2.02. Making the Revolving Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 2.03. Fees 25 SECTION 2.07 Fees 26 SECTION 2.08 Termination 2.04. Optional Termination, Reduction, Increase or Reduction Extension of the Commitments 25 SECTION 2.05. Repayment 28 SECTION 2.06. Interest on Revolving Commitments 26 Credit Advances 28 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 2.07. Interest Rate Determination 28 29 SECTION 2.12 2.08. Optional Conversion of Revolving Credit Advances 29 33 SECTION 2.13 Optional 2.09. Prepayments of Revolving Credit Advances 29 33 SECTION 2.14 2.10. Increased Costs 29 34 SECTION 2.15 2.11. Illegality 30 35 SECTION 2.16 2.12. Payments and Computations 30 35 SECTION 2.17 2.13. Taxes 31 37 SECTION 2.18 2.14. Sharing of Payments, Etc. 33 39 SECTION 2.19 2.15. Evidence of Debt 40 SECTION 2.16. Use of Proceeds 33 40 SECTION 2.20 Extension Option 33 2.17. Letters of Credit 40 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 2.18. Defaulting Lenders 44 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING 46 SECTION 3.01 3.01. Conditions Precedent 46 SECTION 3.02. Conditions Precedent to Effectiveness the Initial Borrowing of Sections 2.01 and 2.05 35 Each Designated Subsidiary 48 SECTION 3.02 3.03. Conditions Precedent to Each Revolving Borrowing, Credit Borrowing or Letter of Credit Issuance and Commitment Increase 36 49 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 3.04. Determinations Under Section 3.01 37 50 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 50 SECTION 4.01. Representations and Warranties of PPG 50 ARTICLE V COVENANTS OF THE BORROWERS 53 SECTION 5.01. Affirmative Covenants 53 SECTION 5.02. Negative Covenants 55 ARTICLE VI EVENTS OF DEFAULT 58 SECTION 6.01. Events of Default 58 ARTICLE VII GUARANTY 59 SECTION 7.01. Guaranty 59 SECTION 7.02. Guaranty Absolute 60 SECTION 7.03. Waivers and Acknowledgments 61 SECTION 7.04. Subrogation 62 SECTION 7.05. Subordination 63 SECTION 7.06. Continuing Guaranty; Assignments 63 ARTICLE VIII THE ADMINISTRATIVE AGENT 64 SECTION 8.01. Authorization and Action 64 SECTION 8.02. Administrative Agent’s Reliance, Etc. 64 SECTION 8.03. JPMCB and Affiliates 64 SECTION 8.04. Lender Credit Decision 65 SECTION 8.05. Indemnification 65 SECTION 8.06. Successor Administrative Agent 65 SECTION 8.07. Other Agents 66 SECTION 8.08. Certain ERISA Matters 66 ARTICLE IX MISCELLANEOUS 67 SECTION 9.01. Amendments, Etc. 67 SECTION 9.02. Notices, Etc. 68 SECTION 9.03. No Waiver; Remedies 69 SECTION 9.04. Costs and Expenses 69 SECTION 9.05. Right of Set-off 70 SECTION 9.06. Binding Effect 71 SECTION 9.07. Assignments and Participations 71 SECTION 9.08. Confidentiality 74 SECTION 9.09. Governing Law 75 SECTION 9.10. Execution in Counterparts 75 SECTION 9.11. Judgment 75 SECTION 9.12. Jurisdiction, Etc. 75 SECTION 9.13. Substitution of Currency 76 SECTION 9.14. Designated Subsidiaries 76 SECTION 9.15. Waiver of Jury Trial 77 SECTION 9.16. USA PATRIOT ACT 77 SECTION 9.17. No Fiduciary Duty 77 SECTION 9.18. Acknowledgment and Consent to Bail-In of EEA Financial Institutions 78 SECTION 9.19. Acknowledgement Regarding Any Supported QFCs 78 SECTION 9.20. Effect of Amendment and Restatement 79 ii Schedules Schedule I - List of Pre-Approved Designated Subsidiaries Schedule 2.01 - Commitments Exhibits Exhibit A - Form of Note Exhibit B-1 - Form of Notice of Revolving Credit Borrowing Exhibit B-2 - Form of Designation of Existing Letters of Credit Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Letter Exhibit E-1 - Form of Opinion of Counsel for PPG Exhibit E-2 - Form of Opinion of K&L Gates LLP Exhibit E-3 - Form of Opinion of Special Counsel for a Designated Subsidiary AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT Dated as of August 30, 2019 This agreement is among PPG INDUSTRIES, INC., a Pennsylvania corporation (“PPG”), each Subsidiary of PPG who becomes a borrower hereunder pursuant to Section 9.14 (collectively with PPG, the “Borrowers” and each, a “Borrower”) the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent for the Lenders, MUFG BANK, LTD. (“MUFG”), BNP PARIBAS, CITIBANK, N.A. and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as co-syndication agents, and JPMORGAN CHASE BANK, N.A., MUFG, BNP PARIBAS SECURITIES CORP., CITIBANK, N.A. (“Citi”) and PNC CAPITAL MARKETS LLC, as co-lead arrangers and co-bookrunners.
Appears in 1 contract
Amounts and Terms of the Advances. AND THE LETTERS OF CREDIT SECTION 2.01 2.01. The Revolving Advances and the Letters of Credit 19 29 SECTION 2.02 2.02. Making the Revolving Advances 20 30 SECTION 2.03 Swingline Loans 21 SECTION 2.04 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 22 33 SECTION 2.05 The CAF 2.04. Repayment of Advances 23 34 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 26 36 SECTION 2.09 Repayment 27 2.06. Prepayments 37 SECTION 2.10 2.07. Interest 27 39 SECTION 2.11 Interest Rate Determination 28 2.08. Fees 40 SECTION 2.12 Optional 2.09. Conversion of Revolving Advances 29 41 SECTION 2.13 Optional Prepayments of Revolving Advances 29 2.10. Increased Costs, Etc. 42 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 44 SECTION 2.17 2.12. Taxes 31 46 SECTION 2.18 2.13. Sharing of Payments, Etc. 33 48 SECTION 2.19 2.14. Use of Proceeds 33 49 SECTION 2.20 Extension Option 33 2.15. Defaulting Lenders 49 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.16. Evidence of Debt 35 50 SECTION 2.17. Increase in Term Commitments 50 ARTICLE III CONDITIONS TO EFFECTIVENESS OF LENDING AND LENDING ISSUANCES OF LETTERS OF CREDIT SECTION 3.01 3.01. Conditions Precedent to Effectiveness Initial Extension of Sections 2.01 and 2.05 35 Credit 52 SECTION 3.02 3.02. Conditions Precedent to Initial Additional Term Advance 57 SECTION 3.03. Condition Precedent to Each Additional Term Advance 59 SECTION 3.04. Conditions Precedent to Each Revolving Borrowing, Borrowing and Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 Renewal 59 ARTICLE IV
Appears in 1 contract
Samples: First Lien Credit Agreement (Landrys Restaurants Inc)
Amounts and Terms of the Advances. SECTION 11 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Advances. 11 Section 2.02 Making the Revolving Advances 20 SECTION Credit Advances. 11 Section 2.03 Swingline Loans 21 SECTION [Reserved]. 12 Section 2.04 Issuance Fees. 12 Section 2.05 Termination, Reduction or Increase of and Drawings and Reimbursement Under Letters Commitments. 12 Section 2.06 Repayment of Revolving Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION Advances; Extension of Termination Date. 15 Section 2.07 Fees 26 SECTION Interest on Revolving Credit Advances. 16 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Determination. 17 Section 2.09 Optional Conversion or Continuation of Revolving Advances 29 SECTION 2.13 Credit Advances. 18 Section 2.10 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Credit Advances. 18 Section 2.11 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs. 18 Section 2.12 Illegality. 19 Section 2.13 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Computations; Evidence of Advances. 19 Section 2.14 Taxes. 21 Section 2.15 Sharing of Payments, Etc. 33 SECTION 2.19 23 Section 2.16 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Proceeds. 24 Section 2.17 Borrowings by Borrowing Subsidiaries. 24 Section 2.18 License Agreement and CDS Data. 25 Section 2.19 Defaulting Lenders. 26 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 27 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION Effectiveness. 27 Section 3.02 Conditions Precedent to Each Revolving Credit Borrowing, Issuance and Commitment Increase 36 SECTION . 28 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 3.01. 29 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 29 Section 4.01 Representations and Warranties of the Company. 29 ARTICLE V COVENANTS OF THE COMPANY 30 Section 5.01 Affirmative Covenants. 30 Section 5.02 Negative Covenants. 32 ARTICLE VI EVENTS OF DEFAULT 33 Section 6.01 Events of Default. 33 ARTICLE VII THE AGENT 35 Section 7.01 Appointment and Authority. 35
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 17 SECTION 2.02 Making the Revolving Advances 18 SECTION 2.03 Commitment Fee 20 SECTION 2.04 Reduction of the Commitments 20 SECTION 2.05 Repayment of Advances 20 SECTION 2.03 Swingline Loans 2.06 Interest on Advances 20 SECTION 2.07 Additional Interest on Eurocurrency Rate Advances 21 SECTION 2.04 Issuance 2.08 Interest Rate Determination 21 SECTION 2.09 Optional Conversion of and Drawings and Reimbursement Under Letters of Credit Advances 22 SECTION 2.05 The CAF 2.10 Prepayments of Advances 23 SECTION 2.06 Competitive Bid Procedure 23 2.11 Increased Costs 24 SECTION 2.07 Fees 2.12 Illegality 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 27 SECTION 2.17 2.14 Taxes 31 28 SECTION 2.18 2.15 Sharing of Payments, Etcetc. 31 SECTION 2.16 Mandatory Assignment by a Lender; Mitigation 32 SECTION 2.17 Evidence of Debt 33 SECTION 2.19 2.18 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 2.19 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence 2.20 Extension of Debt Termination Date 35 SECTION 2.21 Defaulting Lenders 38 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING Amounts and Terms of Letters of Credit and Participations Therein SECTION 3.01 Conditions Precedent to Effectiveness Letters of Sections 2.01 and 2.05 35 Credit 40 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Issuing the Letters of Credit 42 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 Reimbursement Obligations 42 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVParticipations Purchased by the Lenders 43 SECTION 3.05 Letter of Credit Fees 44
Appears in 1 contract
Samples: Credit Agreement (Walt Disney Co/)
Amounts and Terms of the Advances. AND LETTERS OF CREDIT 17 SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 17 SECTION 2.02 2.02. Making the Revolving Advances 20 18 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under 2.03. Letters of Credit 22 19 SECTION 2.05 The CAF Advances 2.04. Certain Fees 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 23 SECTION 2.06. Repayment of Advances; Letter of Credit Reimbursements 24 SECTION 2.07. Interest 24 SECTION 2.08. [Intentionally Omitted] 25 SECTION 2.09. Interest Rate Determinations; Changes in Rating Systems 25 SECTION 2.10. Voluntary Conversion and Continuation of Advances 26 SECTION 2.09 Repayment 2.11. Prepayments of Advances 26 SECTION 2.12. Increased Costs 27 SECTION 2.10 Interest 2.13. Illegality 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.14. Payments and Computations 30 27 SECTION 2.17 2.15. Taxes 31 28 SECTION 2.18 2.16. Set-Off; Sharing of Payments, Etc. 33 30 SECTION 2.19 Use of Proceeds 33 2.17. Right to Replace a Lender 31 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt Indebtedness 31 SECTION 2.19. Increase of Revolving Credit Commitments 32 SECTION 2.20. Defaulting Lenders 33 ARTICLE 3 CONDITIONS OF LENDING 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 Initial Borrowing 35 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase Borrowing 36 ARTICLE 4 REPRESENTATIONS AND WARRANTIES 36 SECTION 3.03 Conditions Precedent 4.01. Representations and Warranties of the Borrower 36 ARTICLE 5 COVENANTS OF THE BORROWER 39 SECTION 5.01. Covenants 39 ARTICLE 6 EVENTS OF DEFAULT 44 SECTION 6.01. Events of Default 44 SECTION 6.02. Actions in Respect of Letters of Credit upon Default 47 ARTICLE 7 THE ADMINISTRATIVE AGENT 47 SECTION 7.01. Authorization and Action 47 SECTION 7.02. Administrative Agent’s Reliance, Etc. 47 SECTION 7.03. JPMorgan and Affiliates 48 SECTION 7.04. Lender Credit Decision 48 SECTION 7.05. Indemnification 48 TABLE OF CONTENTS Page SECTION 7.06. Successor Administrative Agent 49 SECTION 7.07. Arrangers 49 ARTICLE 8 MISCELLANEOUS 49 SECTION 8.01. Amendments, Etc. 49 SECTION 8.02. Notices, Etc. 50 SECTION 8.03. No Waiver; Remedies 52 SECTION 8.04. Costs, Expenses and Indemnification 52 SECTION 8.05. Binding Effect 53 SECTION 8.06. Assignments and Participations 54 SECTION 8.07. Governing Law; Submission to Each CAF Jurisdiction 56 SECTION 8.08. Severability 56 SECTION 8.09. Execution in Counterparts; Electronic Execution 56 SECTION 8.10. Survival 57 SECTION 8.11. Waiver of Jury Trial 57 SECTION 8.12. Confidentiality 57 SECTION 8.13. Nonliability of Lenders; No Advisory or Fiduciary Responsibility 58 SECTION 8.14. USA PATRIOT Act 58 SECTION 8.15. Interest Rate Limitation 58 TABLE OF CONTENTS SCHEDULES Schedule I – Lenders and Commitments Schedule II – Existing Liens Securing Indebtedness, in each case, of $5,000,000 or more Schedule III – Litigation Schedule IV – Subsidiaries Schedule V – Permitted Subsidiary Indebtedness EXHIBITS Exhibit A – Form of Notice of Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVExhibit B – Form of Assignment and Acceptance Exhibit C – Form of Opinion of Special Counsel to the Borrower Exhibit D – Form of Compliance Certificate of Borrower Exhibit E – List of Closing Documents AMENDED AND RESTATED CREDIT AGREEMENT dated as of October 16, 2014 among COCA-COLA BOTTLING CO. CONSOLIDATED, a corporation organized under the laws of Delaware (the “Borrower”), the Lenders from time to time party hereto, BRANCH BANKING AND TRUST COMPANY, as documentation agent, CITIBANK, N.A., a national banking association, and XXXXX FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as co-syndication agents, and JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent (in such capacity, the “Administrative Agent”).
Appears in 1 contract
Samples: Credit Agreement (Coca Cola Bottling Co Consolidated /De/)
Amounts and Terms of the Advances. SECTION 22 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Loans 22 Section 2.02 Making the Revolving Advances 20 SECTION Loans 23 Section 2.03 Swingline Repayment of Loans 21 SECTION 23 Section 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION Interest 23 Section 2.05 The CAF Advances 23 SECTION Fees 24 Section 2.06 Competitive Bid Procedure 23 SECTION Maximum Interest 24 Section 2.07 Fees 26 SECTION Interest Rate Determinations 25 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Commitments; Prepayments of Revolving Advances 29 SECTION 2.14 Loans 25 Section 2.09 LTV Breach; Withdrawal of Collateral 26 Section 2.10 Increased Costs 28 Section 2.11 Taxes 29 SECTION Section 2.12 Illegality 33 Section 2.13 Compensation for Losses 33 Section 2.14 Evidence of Debt 34 Section 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 34 Section 2.16 Administrative Agent’s Clawback 35 Section 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION Payments by Lenders 36 Section 2.18 Limited Recourse 36 Section 2.19 Use of Proceeds 33 SECTION Mitigation Obligations 36 Section 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Payoff Letter 37 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 37 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 Loan 37 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 39 Section 4.01 Representations and Warranties of Borrower 39 ARTICLE V COVENANTS OF BORROWER 44 Section 5.01 Affirmative Covenants 44 Section 5.02 Negative Covenants 48 ARTICLE VI EVENTS OF DEFAULT 51 Section 6.01 Events of Default 51 Section 6.02 Certain Provisions Related to Pledged Shares 53 Section 6.03 Application of Funds 54 ARTICLE VII AGENTS 54 Section 7.01 Appointment and Authority 54 Section 7.02 Rights as a Lender 55 Section 7.03 Exculpatory Provisions 55 Section 7.04 Reliance by the Agents 56 Section 7.05 Delegation of Duties 56 Section 7.06 Resignation of Agent 56 Section 7.07 Non-Reliance on Agents and Other Lenders 57 Section 7.08 No Other Duties 57 Section 7.09 Collateral and Guaranty Matters 57 Section 7.10 Administrative Agent May File Proofs of Claim 58 ARTICLE VIII MISCELLANEOUS 58 Section 8.01 Amendments, Etc. 58 Section 8.02 Notices; Effectiveness; Electronic Communications 59 Section 8.03 No Waiver; Remedies; Securities Contracts 61 Section 8.04 Costs and Expenses; Indemnification; Damage Waiver 62 Section 8.05 Payments Set Aside 64 Section 8.06 Assignments and Participations 64 Section 8.07 Governing Law; Submission to Jurisdiction 67 Section 8.08 Severability 68 Section 8.09 Counterparts; Integration; Effectiveness; Electronic Execution 68 Section 8.10 Survival of Representations 69 Section 8.11 Confidentiality 69 Section 8.12 No Advisory or Fiduciary Relationship 70 Section 8.13 Right of Setoff 70 Section 8.14 [Reserved] 70 Section 8.15 No Fiduciary Duty 71 Section 8.16 USA PATRIOT Act Notice 71 Section 8.17 Entire Agreement 71 SCHEDULES Schedule I Initial Commitments Schedule II Pending Litigation EXHIBITS Exhibit A - Form of Notice of Borrowing Exhibit B - Form of Pledge Agreement Exhibit C - Form of Parent Representation Letter Exhibit D - Form of Control Agreement Exhibit E – Form of Assignment and Assumption Exhibit F-1 - Form of U.S. Tax Compliance Certificate Exhibit F-2 - Form of U.S. Tax Compliance Certificate Exhibit F-3 - Form of U.S. Tax Compliance Certificate Exhibit F-4 - Form of U.S. Tax Compliance Certificate Exhibit G – Form of Issuer Acknowledgment Exhibit H-1 – Form of Legal Opinion of Counsel to Borrower Exhibit H-2 – Form of Legal Opinion of Lenders’ Cayman Island Counsel This LOAN AGREEMENT dated as of October 11, 2013, among ASAC II LP, a Cayman Islands exempted limited partnership (“Borrower”), ASAC II LLC, a Delaware limited liability company (“General Partner”), BANK OF AMERICA, N.A., LONDON BRANCH and each other lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), XXXXXXX XXXXX INTERNATIONAL, as Administrative Agent, and XXXXXXX XXXXX PROFESSIONAL CLEARING CORP., as Collateral Agent and Calculation Agent. Borrower has requested that the Lenders make loans to it in an aggregate initial principal amount not in excess of $214,386,825.67, and the Lenders are prepared to make such loans upon the terms and subject to the conditions set forth in this Agreement. In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
Appears in 1 contract
Samples: Loan Agreement (Asac Ii Lp)
Amounts and Terms of the Advances. AND LETTERS OF CREDIT SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 24 SECTION 2.02 2.02. Making the Revolving Advances 20 25 SECTION 2.03 Swingline Loans 21 SECTION 2.04 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 22 28 SECTION 2.05 The CAF Advances 23 2.04. Fees 31 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 26 32 SECTION 2.09 2.06. Repayment 27 of Advances and Letter of Credit Drawings 32 SECTION 2.10 2.07. Interest 27 on Advances 34 SECTION 2.11 2.08. Interest Rate Determination 28 35 SECTION 2.12 2.09. Optional Conversion of Revolving Advances 29 36 SECTION 2.13 2.10. Optional Prepayments of Revolving Advances 29 36 SECTION 2.14 2.11. Increased Costs 29 36 SECTION 2.15 2.12. Illegality 30 37 SECTION 2.16 2.13. Payments and Computations 30 38 SECTION 2.17 2.14. Taxes 31 39 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 42 SECTION 2.19 2.16. Evidence of Debt 43 SECTION 2.17. Use of Proceeds 33 44 SECTION 2.20 Extension Option 33 2.18. Mitigation Obligations; Replacement of Lenders 44 SECTION 2.21 2.19. Cash Collateral 45 SECTION 2.20. Defaulting Lenders 46 SECTION 2.21. Increase in the Aggregate Revolving Commitments 34 48 SECTION 2.22 Evidence 2.22. Extension of Debt 35 Commitment Termination Date 51 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 Amendment and 2.05 35 Restatement 52 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Borrowing and Issuance and Commitment Increase 36 54 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 3.03. Determinations Under Section 3.01 37 ARTICLE IV54
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 16 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 16 SECTION 2.03 Swingline Loans 21 2.03. The Competitive Bid Advances 18 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 2.04. Fees 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 23 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 23 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 23 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 24 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 25 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 26 SECTION 2.14 2.11. Increased Costs 29 27 SECTION 2.15 2.12. Illegality 30 27 SECTION 2.16 2.13. Payments and Computations 30 28 SECTION 2.17 2.14. Taxes 31 29 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 31 SECTION 2.16. Extensions of Termination Date and Final Maturity Date 32 SECTION 2.17. Substitution of Lender 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 33 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 34 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase 36 to Extension of the Final Maturity Date 35 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 35 SECTION 3.04 3.04. Determinations Under Section 3.01 37 36 SECTION 3.05. Labor Dispute 36 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES SECTION 4.01. Representations and Warranties of the Borrower 36 ARTICLE V COVENANTS OF THE BORROWER SECTION 5.01. Affirmative Covenants 39 SECTION 5.02. Negative Covenants 42 ARTICLE VI EVENTS OF DEFAULT SECTION 6.01. Events of Default 43 ARTICLE VII THE AGENT SECTION 7.01. Authorization and Action 45 SECTION 7.02. Agent’s Reliance, Etc 45 SECTION 7.03. Citibank and Its Affiliates 46 SECTION 7.04. Lender Credit Decision 46 SECTION 7.05. Indemnification 46 SECTION 7.06. Successor Agent 46 SECTION 7.07. Sub-Agent 47 SECTION 7.08. Other Agents 47 ARTICLE VIII MISCELLANEOUS SECTION 8.01. Amendments, Etc 47 SECTION 8.02. Notices, Etc 48 SECTION 8.03. No Waiver; Remedies 49 SECTION 8.04. Costs and Expenses 49 SECTION 8.05. Right of Setoff 51 SECTION 8.06. Binding Effect 52 SECTION 8.07. Assignments, Designations and Participations 52 SECTION 8.08. Confidentiality 56 SECTION 8.09. Governing Law 57 SECTION 8.10. Execution in Counterparts 57 SECTION 8.11. Jurisdiction, Etc 57 SECTION 8.12. Judgment 57 SECTION 8.13. Substitution of Currency 58 SECTION 8.14. Patriot Act Notice 58 SCHEDULE Schedule I - Applicable Lending Offices EXHIBITS Exhibit A-1 - Form of Revolving Credit Note Exhibit A-2 - Form of Competitive Bid Note Exhibit B-1 - Form of Notice of Revolving Credit Borrowing Exhibit B-2 - Form of Notice of Competitive Bid Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Agreement Exhibit E - Form of Opinion of Counsel for the Borrower Exhibit F - Debenture Indenture 364-DAY CREDIT AGREEMENT Dated as of April 19, 2007 UNITED PARCEL SERVICE, INC., a Delaware corporation (the “Borrower”), the banks, financial institutions and other institutional lenders (collectively, the “Initial Lenders”) listed on the signature pages hereof, Citibank, N.A. (“Citibank”), as administrative agent (in such capacity, the “Agent”) for the Lenders (as hereinafter defined), JPMorgan Chase Bank, N.A., as syndication agent, Barclays Bank PLC, BNP Paribas, Mellon Bank NA and Xxxxx Fargo Bank, N.A., as co-documentation agents, and Citigroup Global Markets Inc. and X.X. Xxxxxx Securities Inc., as joint arrangers and book managers (in such capacity, the “Arrangers”), agree as follows:
Appears in 1 contract
Amounts and Terms of the Advances. 16 SECTION 2.01 2.01. The Revolving Advances. 16 SECTION 2.02. Making the Advances and Letters 17 SECTION 2.03. [Intentionally Omitted] 18 SECTION 2.04. Administrative Agent’s Fees 18 SECTION 2.05. Termination of Credit the Commitments 18 SECTION 2.06. Amortization; Repayment of Advances 18 SECTION 2.07. Interest 18 SECTION 2.08. [Intentionally Omitted] 19 SECTION 2.02 Making the Revolving 2.09. Interest Rate Determinations; Changes in Rating Systems 19 SECTION 2.10. Voluntary Conversion and Continuation of Advances 20 SECTION 2.03 Swingline Loans 2.11. Prepayments of Advances 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 2.12. Increased Costs 21 SECTION 2.13. Illegality 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.14. Payments and Computations 30 22 SECTION 2.17 2.15. Taxes 31 23 SECTION 2.18 2.16. Set-Off; Sharing of Payments, Etc. 33 25 SECTION 2.19 Use of Proceeds 33 2.17. Right to Replace a Lender 25 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 Indebtedness 26 SECTION 2.19. Incremental Term Loans 26 SECTION 2.20. Defaulting Lenders 28 ARTICLE III 3 CONDITIONS TO EFFECTIVENESS AND OF LENDING 28 SECTION 3.01 3.01. Conditions Precedent to Effectiveness Closing 28 ARTICLE 4 REPRESENTATIONS AND WARRANTIES 29 SECTION 4.01. Representations and Warranties of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVthe Borrower 29
Appears in 1 contract
Samples: Loan Agreement (Coca Cola Bottling Co Consolidated /De/)
Amounts and Terms of the Advances. SECTION Section 2.01 The Revolving Credit Advances and Letters of Credit 19 SECTION 17 Section 2.02 Making the Revolving Credit Advances 20 SECTION Section 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION Section 2.04 Fees 24 Section 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 25 Section 2.06 Repayment of Advances; Required Cash Collateral 26 SECTION Section 2.07 Interest 28 Section 2.08 Additional Interest on Eurodollar Rate Advances 29 Section 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 30 Section 2.10 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 31 Section 2.11 Payments and Computations 30 SECTION 2.17 31 Section 2.12 Increased Costs and Capital Requirements 33 Section 2.13 Taxes 31 SECTION 2.18 34 Section 2.14 Sharing of Payments, Etc. 33 SECTION Etc 37 Section 2.15 Illegality 38 Section 2.16 Conversion of Advances 39 Section 2.17 Replacement or Removal of Bank 39 Section 2.18 Evidence of Indebtedness 40 Section 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Credit Commitments 34 SECTION 41 Section 2.20 New Issuing Banks 42 Section 2.21 Extension of Commitments 42 Section 2.22 Evidence of Debt 35 Change in Control 44 Section 2.23 Defaulting Bank Provisions 46 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 47 Section 3.02 Conditions Precedent to Each Revolving Borrowingeach Advance, Issuance and each Commitment Increase 36 SECTION and each Issuance, Renewal and Increase of each Letter of Credit 48 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV49 Section 3.04 Additional Defaulting Bank Requirements 49
Appears in 1 contract
Samples: Credit Agreement (Halliburton Co)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 14 SECTION 2.02 2.02. Making the Revolving Credit Advances 15 SECTION 2.03. The Competitive Bid Advances 16 SECTION 2.04. Fees 20 SECTION 2.03 Swingline Loans 21 2.05. Termination, Reduction or Increase of the Commitments 20 SECTION 2.04 Issuance 2.06. Repayment of and Drawings and Reimbursement Under Letters of Revolving Credit Advances; Term Loan Election 22 SECTION 2.05 The CAF 2.07. Interest on Revolving Credit Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 23 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 24 SECTION 2.13 2.10. Optional Prepayments of Revolving Credit Advances 29 25 SECTION 2.14 2.11. Increased Costs 29 25 SECTION 2.15 2.12. Illegality 30 26 SECTION 2.16 2.13. Payments and Computations 30 27 SECTION 2.17 2.14. Taxes 31 28 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 30 SECTION 2.16. 33 SECTION 2.19 Use of Proceeds 33 30 SECTION 2.20 2.17. Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Termination Date 30 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 33 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Increase Date and Commitment Increase 36 Extension Date 34 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 34 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV35
Appears in 1 contract
Amounts and Terms of the Advances. AND LETTERS OF CREDIT SECTION 2.01 The Revolving Advances and Letters of Credit 19 58 SECTION 2.02 Making the Revolving Advances 20 Borrowing Mechanics 62 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 Credit. 65 SECTION 2.04 Incremental Commitments 68 SECTION 2.05 The CAF Advances 23 Fees 70 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 71 SECTION 2.07 Repayment of Advances 72 SECTION 2.08 Interest on Advances 78 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 79 SECTION 2.12 2.10 Optional Conversion of Advances 81 SECTION 2.11 Prepayments of Term Advances, Revolving Credit Advances 29 and Swing Line Advances 82 SECTION 2.12 Increased Costs 85 SECTION 2.13 Optional Prepayments of Revolving Advances 29 Illegality 86 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 87 SECTION 2.17 2.15 Taxes 31 88 SECTION 2.18 2.16 Sharing of Payments, Etc. 33 91 SECTION 2.19 2.17 Evidence of Debt 91 SECTION 2.18 Use of Proceeds 33 92 SECTION 2.19 Defaulting Lenders 92 SECTION 2.20 Extension Option 33 Replacement of Lenders 95 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 Borrower Representative 96 SECTION 2.22 Evidence of Debt 35 Public Offer 96 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 the Initial Advances 98 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 all Advances 101 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 101 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES SECTION 4.01 Representations and Warranties of the Borrowers 101 ARTICLE V COVENANTS OF THE COMPANY SECTION 5.01 Affirmative Covenants 109 SECTION 5.02 Negative Covenants 118 SECTION 5.03 Company Net Total Leverage Ratio 133 ARTICLE VI EVENTS OF DEFAULT
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 21 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 2.03. The CAF Competitive Bid Advances 23 SECTION 2.06 Competitive Bid Procedure 23 2.04. Fees 27 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 28 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 28 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 28 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 29 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 30 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 31 SECTION 2.14 2.11. Increased Costs 29 31 SECTION 2.15 2.12. Illegality 30 32 SECTION 2.16 2.13. Payments and Computations 30 32 SECTION 2.17 2.14. Taxes 31 34 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 36 SECTION 2.19 Use 2.16. Extensions of Proceeds 33 Termination Date 37 SECTION 2.20 Extension Option 33 2.17. Substitution of Lender 37 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 38 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 38 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Credit Borrowing 39 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 40 SECTION 3.04 3.04. Determinations Under Section 3.01 37 40 SECTION 3.05. Labor Dispute 41 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 10 Section 2.01 The Revolving Credit Advances and Letters of Credit 19 SECTION 10 Section 2.02 Making the Revolving Credit Advances 20 SECTION 10 Section 2.03 Swingline Loans 21 SECTION [Reserved] 12 Section 2.04 Issuance Fees 12 Section 2.05 Termination, Reduction or Increase of and Drawings and Reimbursement Under Letters Commitments 12 Section 2.06 Repayment of Revolving Credit 22 SECTION 2.05 The CAF Advances; Extension of Termination Date 14 Section 2.07 Interest on Revolving Credit Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 15 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 16 Section 2.09 Optional Conversion or Continuation of Revolving Credit Advances 29 SECTION 2.13 17 Section 2.10 Optional Prepayments of Revolving Credit Advances 29 SECTION 2.14 17 Section 2.11 Increased Costs 29 SECTION 2.15 17 Section 2.12 Illegality 30 SECTION 2.16 18 Section 2.13 Payments and Computations 30 SECTION 2.17 Computations; Evidence of Advances 19 Section 2.14 Taxes 31 SECTION 2.18 20 Section 2.15 Sharing of Payments, Etc. 33 SECTION 2.19 22 Section 2.16 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 23 Section 2.17 Borrowings by Borrowing Subsidiaries 23 Section 2.18 License Agreement and CDS Data 24 Section 2.19 Defaulting Lenders 25 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 26 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 26 Section 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION Credit Borrowing 27 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 28 ARTICLE IV REPRESENTATIONS AND WARRANTIES 28 Section 4.01 Representations and Warranties of the Company 28 ARTICLE V COVENANTS OF THE COMPANY 29 Section 5.01 Affirmative Covenants 29 Section 5.02 Negative Covenants 31 ARTICLE VI EVENTS OF DEFAULT 32 Section 6.01 Events of Default 32 ARTICLE VII THE AGENT 34 Section 7.01 Appointment and Authority 34 Section 7.02 Rights as a Lender 34 Section 7.03 Exculpatory Provisions 34 Section 7.04 Reliance by Agent 35 Section 7.05 Indemnification 35 Section 7.06 Delegation of Duties 36 Section 7.07 Resignation of Agent 36 Section 7.08 Non-Reliance on Agent and Other Lenders 37 Section 7.09 Syndication Agent and Lead Arrangers 37 ARTICLE IVVIII MISCELLANEOUS 37 Section 8.01 Amendments, Etc. 37 Section 8.02 Notices, Etc. 37 Section 8.03 No Waiver; Remedies 38 Section 8.04 Costs and Expenses 38 Section 8.05 Right of Set-off 39 Section 8.06 Binding Effect 40 Section 8.07 Assignments and Participations 40 Section 8.08 Confidentiality 43 Section 8.09 Governing Law 44 Section 8.10 Execution in Counterparts 44 Section 8.11 Jurisdiction, Etc. 44 Section 8.12 WAIVER OF JURY TRIAL 45 Section 8.13 USA PATRIOT Act Notice 45 Section 8.14 No Fiduciary Duties 45 ARTICLE IX GUARANTEE 46 Section 9.01 Guarantee 46 Section 9.02 Obligations Unconditional 46 Section 9.03 Reinstatement 46 Section 9.04 Subrogation 47 Section 9.05 Remedies 47 Section 9.06 Continuing Guarantee 47 Schedules Schedule I Agent’s Address Exhibits Exhibit A Form of Revolving Credit Note Exhibit B Form of Notice of Revolving Credit Borrowing Exhibit C Form of Assignment and Assumption Exhibit D Form of Designation Letter Exhibit E Form of Termination Letter FIVE YEAR CREDIT AGREEMENT Dated as of June 9, 2014 PEPSICO, INC., a North Carolina corporation (the “Company”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, and Citibank, N.A., as administrative agent (in such capacity, the “Agent”) for the Lenders (as hereinafter defined), agree, as of June 9, 2014, as follows:
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 16 SECTION 2.02 Making the Revolving Advances 17 SECTION 2.03 Commitment Fee 18 SECTION 2.04 Reduction of the Commitments 19 SECTION 2.05 Repayment of Advances 19 SECTION 2.06 Interest on Advances 19 SECTION 2.07 Additional Interest on Eurocurrency Rate Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 20 SECTION 2.12 2.09 Optional Conversion of Revolving Advances 29 21 SECTION 2.10 Prepayments of Advances 22 SECTION 2.11 Increased Costs 23 SECTION 2.12 Illegality 25 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 25 SECTION 2.17 2.14 Taxes 31 27 SECTION 2.18 2.15 Sharing of Payments, Etc. 33 etc 31 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 31 SECTION 2.17 Evidence of Debt 32 SECTION 2.18 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 2.19 Increase in the Aggregate Revolving Commitments 34 33 SECTION 2.22 Evidence 2.20 Extension of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 Termination Date 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 2.21 Defaulting Lenders 38 ARTICLE IVIII
Appears in 1 contract
Samples: Credit Agreement (Walt Disney Co/)
Amounts and Terms of the Advances. SECTION 22 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Loans 22 Section 2.02 Making the Revolving Advances 20 SECTION Loans 23 Section 2.03 Swingline Repayment of Loans 21 SECTION 23 Section 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION Interest 23 Section 2.05 The CAF Advances 23 SECTION Fees 24 Section 2.06 Competitive Bid Procedure 23 SECTION Maximum Interest 24 Section 2.07 Fees 26 SECTION Interest Rate Determinations 25 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Commitments; Prepayments of Revolving Advances 29 SECTION 2.14 Loans 25 Section 2.09 LTV Breach; Withdrawal of Collateral 26 Section 2.10 Increased Costs 28 Section 2.11 Taxes 29 SECTION Section 2.12 Illegality 33 Section 2.13 Compensation for Losses 33 Section 2.14 Evidence of Debt 34 Section 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 34 Section 2.16 Administrative Agent’s Clawback 35 Section 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION Payments by Lenders 36 Section 2.18 Limited Recourse 36 Section 2.19 Use of Proceeds 33 SECTION Mitigation Obligations 36 Section 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Payoff Letter 37 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 37 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 Loan 37 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 39 Section 4.01 Representations and Warranties of Borrower 39 ARTICLE V COVENANTS OF BORROWER 44 Section 5.01 Affirmative Covenants 44 Section 5.02 Negative Covenants 48 ARTICLE VI EVENTS OF DEFAULT 51 Section 6.01 Events of Default 51 Section 6.02 Certain Provisions Related to Pledged Shares 53 Section 6.03 Application of Funds 54 ARTICLE VII AGENTS 54 Section 7.01 Appointment and Authority 54 Section 7.02 Rights as a Lender 55 Section 7.03 Exculpatory Provisions 55 Section 7.04 Reliance by the Agents 56 Section 7.05 Delegation of Duties 56 Section 7.06 Resignation of Agent 56 Section 7.07 Non-Reliance on Agents and Other Lenders 57 Section 7.08 No Other Duties 57 Section 7.09 Collateral and Guaranty Matters 57 Section 7.10 Administrative Agent May File Proofs of Claim 57 ARTICLE VIII MISCELLANEOUS 58 Section 8.01 Amendments, Etc. 58 Section 8.02 Notices; Effectiveness; Electronic Communications 59 Section 8.03 No Waiver; Remedies; Securities Contracts 61 Section 8.04 Costs and Expenses; Indemnification; Damage Waiver 62 Section 8.05 Payments Set Aside 64 Section 8.06 Assignments and Participations 64 Section 8.07 Governing Law; Submission to Jurisdiction 67 Section 8.08 Severability 68 Section 8.09 Counterparts; Integration; Effectiveness; Electronic Execution 68 Section 8.10 Survival of Representations 69 Section 8.11 Confidentiality 69 Section 8.12 No Advisory or Fiduciary Relationship 70 Section 8.13 Right of Setoff 70 Section 8.14 [Reserved] 70 Section 8.15 No Fiduciary Duty 71 Section 8.16 USA PATRIOT Act Notice 71 Section 8.17 Entire Agreement 71 SCHEDULES Schedule I Initial Commitments Schedule II Pending Litigation EXHIBITS Exhibit A - Form of Notice of Borrowing Exhibit B - Form of Pledge Agreement Exhibit C - Form of Parent Representation Letter Exhibit D - Form of Control Agreement Exhibit E – Form of Assignment and Assumption Exhibit F-1 - Form of U.S. Tax Compliance Certificate Exhibit F-2 - Form of U.S. Tax Compliance Certificate Exhibit F-3 - Form of U.S. Tax Compliance Certificate Exhibit F-4 - Form of U.S. Tax Compliance Certificate Exhibit G – Form of Issuer Acknowledgment Exhibit H-1 – Form of Legal Opinion of Counsel to Borrower Exhibit H-2 – Form of Legal Opinion of Lenders’ Cayman Island Counsel This LOAN AGREEMENT dated as of October 11, 2013, among ASAC II LP, a Cayman Islands exempted limited partnership (“Borrower”), ASAC II LLC, a Delaware limited liability company (“General Partner”), BANK OF AMERICA, N.A., LONDON BRANCH and each other lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), XXXXXXX XXXXX INTERNATIONAL, as Administrative Agent, and XXXXXXX XXXXX PROFESSIONAL CLEARING CORP., as Collateral Agent and Calculation Agent. Borrower has requested that the Lenders make loans to it in an aggregate initial principal amount not in excess of $214,386,825.67, and the Lenders are prepared to make such loans upon the terms and subject to the conditions set forth in this Agreement. In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
Appears in 1 contract
Samples: Loan Agreement (Asac Ii Lp)
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 16 SECTION 2.02 Making the Revolving Advances 20 17 SECTION 2.03 Swingline Loans 21 Commitment Fee 18 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 18 SECTION 2.09 2.05 Repayment 27 of Advances 19 SECTION 2.10 2.06 Interest 27 on Advances 19 SECTION 2.11 2.07 Additional Interest on Eurocurrency Rate Advances 19 SECTION 2.08 Interest Rate Determination 28 20 SECTION 2.12 2.09 Optional Conversion of Revolving Advances 29 21 SECTION 2.10 Prepayments of Advances 22 SECTION 2.11 Increased Costs 22 SECTION 2.12 Illegality 24 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 24 SECTION 2.17 2.14 Taxes 31 26 SECTION 2.18 2.15 Sharing of Payments, Etc. 33 etc 29 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 29 SECTION 2.17 Evidence of Debt 30 SECTION 2.18 Use of Proceeds 33 31 SECTION 2.20 Extension Option 33 SECTION 2.21 2.19 Increase in the Aggregate Revolving Commitments 34 31 SECTION 2.22 Evidence 2.20 Extension of Debt Termination Date 33 SECTION 2.21 Defaulting Lenders 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVIII
Appears in 1 contract
Samples: Credit Agreement (Walt Disney Co/)
Amounts and Terms of the Advances. SECTION 2.01 Section 2.01. The Revolving Advances and Letters of Credit 19 SECTION 2.02 25 Section 2.02. Making the Revolving Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 26 Section 2.03. [Reserved] 27 Section 2.04. Fees 26 SECTION 2.08 27 Section 2.05. Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 28 Section 2.06. Repayment 27 SECTION 2.10 of Advances 28 Section 2.07. Interest 27 SECTION 2.11 on Advances 28 Section 2.08. Interest Rate Determination 28 SECTION 2.12 29 Section 2.09. Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 31 Section 2.10. Prepayments of Revolving Advances 29 SECTION 2.14 31 Section 2.11. Increased Costs 29 SECTION 2.15 32 Section 2.12. Illegality 30 SECTION 2.16 33 Section 2.13. Payments and Computations 30 SECTION 2.17 34 Section 2.14. Taxes 31 SECTION 2.18 35 Section 2.15. Sharing of Payments, EtcEtc 39 Section 2.16. 33 SECTION 2.19 Evidence of Debt 39 Section 2.17. Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 40 Section 2.18. Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence 40 Section 2.19. Extension of Debt 35 Termination Date 41 Section 2.20. Defaulting Lenders 42 Section 2.21. Mitigation Obligations; Replacement of Lenders 43 Section 2.22. Termination of Borrowers 44 Section 2.23. Benchmark Replacement 45 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3 Conditions to Effectiveness and Lending Section 3.01. Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 SECTION 3.02 47 Section 3.02. Initial Advance to Each Designated Subsidiary 48 Section 3.03. Conditions Precedent to Each Revolving Borrowing, Issuance Commitment Increase and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Extension 49 Section 3.04. Determinations Under Section 3.01 37 ARTICLE IVand 3.02 50
Appears in 1 contract
Samples: Credit Agreement (International Flavors & Fragrances Inc)
Amounts and Terms of the Advances. AND LETTERS OF CREDIT 13 SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 Credit. 13 SECTION 2.02 2.02. Making the Revolving Advances 20 13 SECTION 2.03 Swingline Loans 21 SECTION 2.04 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 22 15 SECTION 2.05 The CAF Advances 23 2.04. Fees 16 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 26 17 SECTION 2.09 2.06. Repayment 27 of Advances and Letter of Credit Drawings 17 SECTION 2.10 2.07. Interest 27 on Advances 18 SECTION 2.11 2.08. Interest Rate Determination 28 18 SECTION 2.12 2.09. Optional Conversion of Revolving Advances 29 19 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 19 SECTION 2.14 2.11. Increased Costs 29 20 SECTION 2.15 2.12. Illegality 30 21 SECTION 2.16 2.13. Payments and Computations 30 21 SECTION 2.17 2.14. Taxes 31 22 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 23 SECTION 2.16. 33 Evidence of Debt 23 SECTION 2.19 2.17. Use of Proceeds 33 24 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 2.18. Incremental Facilities 24 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING 26 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 26 SECTION 3.02 3.02. Conditions Precedent to Initial Borrowing 27 SECTION 3.03. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 27 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 3.04. Determinations Under Section 3.01 28 ARTICLE IV REPRESENTATIONS AND WARRANTIES 28 SECTION 4.01. Representations and Warranties of the Borrower 28 ARTICLE V COVENANTS OF THE BORROWER 30 SECTION 5.01. Affirmative Covenants 30 SECTION 5.02. Negative Covenants 32 SECTION 5.03. Financial Covenants 35 ARTICLE VI EVENTS OF DEFAULT 35 SECTION 6.01. Events of Default 35 SECTION 6.02. Actions in Respect of the Letters of Credit upon Default 37 ARTICLE IVVII THE AGENT 37 SECTION 7.01. Authorization and Action 37 SECTION 7.02. Agent's Reliance, Etc 37 SECTION 7.03. CNAI and Affiliates 38 SECTION 7.04. Lender Credit Decision 38 SECTION 7.05. Indemnification 38 SECTION 7.06. Successor Agent 39 SECTION 7.07. Other Agents 39 ARTICLE VIII MISCELLANEOUS 39 SECTION 8.01. Amendments, Etc 39 SECTION 8.02. Notices, Etc 40 SECTION 8.03. No Waiver; Remedies 40 SECTION 8.04. Costs and Expenses 40 SECTION 8.05. Right of Set-off 42 SECTION 8.06. Binding Effect 42 SECTION 8.07. Assignments and Participations 42 SECTION 8.08. Confidentiality 44 SECTION 8.09. Governing Law 44 SECTION 8.10. Execution in Counterparts 44 SECTION 8.11. Jurisdiction, Etc 44 SECTION 8.12. No Liability of the Issuing Banks 45 SECTION 8.13. Patriot Act Notice 45 SECTION 8.14. Waiver of Jury Trial 45 SECTION 8.15. Replacement of Lenders 45 Schedules Schedule I — Commitments; List of Applicable Lending Offices Schedule 2.01(b) — Existing Letters of Credit Schedule 2.04(a) — Fiscal Quarters Schedule 3.02(b) — Terminated Indebtedness Schedule 5.02(a) — Existing Liens Schedule 5.02(c) — Existing Debt
Appears in 1 contract
Samples: Credit Agreement (Tribune Co)
Amounts and Terms of the Advances. AND THE LETTERS OF CREDIT SECTION 2.01 2.01. The Revolving Advances and the Letters of Credit 19 48 SECTION 2.02 2.02. Making the Revolving Advances 20 Advances; Applicable Borrowers 53 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under 2.03. Letters of Credit 22 59 SECTION 2.05 The CAF Advances 23 2.04. Repayment of Advances; Reimbursements 62 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 26 63 SECTION 2.09 Repayment 27 2.06. Prepayments 64 SECTION 2.10 2.07. Interest 27 65 SECTION 2.11 Interest Rate Determination 28 2.08. Fees 67 SECTION 2.12 Optional 2.09. Conversion of Revolving Advances 29 68 SECTION 2.13 Optional Prepayments of Revolving Advances 29 2.10. Increased Costs, Etc. 69 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 71 SECTION 2.17 2.12. Taxes 31 74 SECTION 2.18 2.13. Sharing of Payments, Etc. 33 78 SECTION 2.19 2.14. Use of Proceeds 33 79 SECTION 2.20 2.15. Evidence of Debt 79 SECTION 2.16. Extension Option 33 of Termination Date 80 SECTION 2.21 2.17. Cash Collateral Account 80 SECTION 2.18. Increase in the Aggregate Revolving Commitments 34 82 SECTION 2.22 Evidence 2.19. Reallocation of Debt 35 Commitments 83 SECTION 2.20. Supplemental Tranches 85 SECTION 2.21. Defaulting Lenders 86 ARTICLE III CONDITIONS TO EFFECTIVENESS OF LENDING AND LENDING ISSUANCES OF LETTERS OF CREDIT SECTION 3.01 3.01. Conditions Precedent to Effectiveness Initial Extension of Sections 2.01 and 2.05 35 Credit 88 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Issuance, Renewal, Commitment Increase, Extension and Commitment Increase 36 Creation 91 SECTION 3.03 3.03. Conditions Precedent to Each CAF Borrowing 37 Competitive Bid Advance 92 SECTION 3.04 3.04. Additional Conditions Precedent 92 SECTION 3.05. Determinations Under Section 3.01 37 92 ARTICLE IV
Appears in 1 contract
Samples: Global Senior Credit Agreement (Digital Realty Trust, L.P.)
Amounts and Terms of the Advances. SECTION 22 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Loans 22 Section 2.02 Making the Revolving Advances 20 SECTION Loans 23 Section 2.03 Swingline Repayment of Loans 21 SECTION 23 Section 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION Interest 23 Section 2.05 The CAF Advances 23 SECTION Fees 24 Section 2.06 Competitive Bid Procedure 23 SECTION Maximum Interest 24 Section 2.07 Fees 26 SECTION Interest Rate Determinations 25 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Commitments; Prepayments of Revolving Advances 29 SECTION 2.14 Loans 25 Section 2.09 LTV Breach; Withdrawal of Collateral 26 Section 2.10 Increased Costs 28 Section 2.11 Taxes 29 SECTION Section 2.12 Illegality 33 Section 2.13 Compensation for Losses 33 Section 2.14 Evidence of Debt 33 Section 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 34 Section 2.16 Administrative Agent’s Clawback 35 Section 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION Payments by Lenders 36 Section 2.18 Limited Recourse 36 Section 2.19 Use of Proceeds 33 SECTION Mitigation Obligations 36 Section 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Payoff Letter 37 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 37 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 Loan 37 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 39 Section 4.01 Representations and Warranties of Borrower 39 ARTICLE V COVENANTS OF BORROWER 44 Section 5.01 Affirmative Covenants 44 Section 5.02 Negative Covenants 48 ARTICLE VI EVENTS OF DEFAULT 51 Section 6.01 Events of Default 51 Section 6.02 Certain Provisions Related to Pledged Shares 53 Section 6.03 Application of Funds 54 ARTICLE VII AGENTS 54 Section 7.01 Appointment and Authority 54 Section 7.02 Rights as a Lender 55 Section 7.03 Exculpatory Provisions 55 Section 7.04 Reliance by the Agents 56 Section 7.05 Delegation of Duties 56 Section 7.06 Resignation of Agent 56 Section 7.07 Non-Reliance on Agents and Other Lenders 57 Section 7.08 No Other Duties 57 Section 7.09 Collateral and Guaranty Matters 57 Section 7.10 Administrative Agent May File Proofs of Claim 57 ARTICLE VIII MISCELLANEOUS 58 Section 8.01 Amendments, Etc. 58 Section 8.02 Notices; Effectiveness; Electronic Communications 59 Section 8.03 No Waiver; Remedies; Securities Contracts 61 Section 8.04 Costs and Expenses; Indemnification; Damage Waiver 62 Section 8.05 Payments Set Aside 64 Section 8.06 Assignments and Participations 64 Section 8.07 Governing Law; Submission to Jurisdiction 67 Section 8.08 Severability 68 Section 8.09 Counterparts; Integration; Effectiveness; Electronic Execution 68 Section 8.10 Survival of Representations 69 Section 8.11 Confidentiality 69 Section 8.12 No Advisory or Fiduciary Relationship 70 Section 8.13 Right of Setoff 70 Section 8.14 [Reserved] 71 Section 8.15 No Fiduciary Duty 71 Section 8.16 USA PATRIOT Act Notice 71 Section 8.17 Entire Agreement 72 SCHEDULES Schedule I Initial Commitments Schedule II Pending Litigation EXHIBITS Exhibit A - Form of Notice of Borrowing Exhibit B - Form of Pledge Agreement Exhibit C - Form of Parent Representation Letter Exhibit D - Form of Control Agreement Exhibit E – Form of Assignment and Assumption Exhibit F-1 - Form of U.S. Tax Compliance Certificate Exhibit F-2 - Form of U.S. Tax Compliance Certificate Exhibit F-3 - Form of U.S. Tax Compliance Certificate Exhibit F-4 - Form of U.S. Tax Compliance Certificate Exhibit G – Form of Issuer Acknowledgment Exhibit H-1 – Form of Legal Opinion of Counsel to Borrower Exhibit H-2 – Form of Legal Opinion of Lenders’ Cayman Island Counsel This LOAN AGREEMENT dated as of October 11, 2013, among ASAC II LP, a Cayman Islands exempted limited partnership (“Borrower”), ASAC II LLC, a Delaware limited liability company (“General Partner”), JPMORGAN CHASE BANK, N.A., LONDON BRANCH and each other lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as Administrative Agent, and JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as Collateral Agent and Calculation Agent. Borrower has requested that the Lenders make loans to it in an aggregate initial principal amount not in excess of $428,773,651.33, and the Lenders are prepared to make such loans upon the terms and subject to the conditions set forth in this Agreement. In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
Appears in 1 contract
Samples: Loan Agreement (Asac Ii Lp)
Amounts and Terms of the Advances. AND THE LETTERS OF CREDIT SECTION 2.01 2.01. The Revolving Advances and the Letters of Credit 19 23 SECTION 2.02 2.02. Making the Revolving Advances 20 25 SECTION 2.03 Swingline Loans 21 SECTION 2.04 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 22 27 SECTION 2.05 The CAF 2.04. Repayment of Advances 23 29 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Revolving Commitments 26 30 SECTION 2.09 Repayment 27 2.06. Prepayments 31 SECTION 2.10 2.07. Interest 27 33 SECTION 2.11 Interest Rate Determination 28 2.08. Fees 34 SECTION 2.12 Optional 2.09. Conversion of Revolving Advances 29 35 SECTION 2.13 Optional Prepayments 2.10. Increased Costs, Etc. 36 SECTION 2.11. Evidence of Revolving Advances 29 Debt 38 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.12. Payments and Computations 30 38 SECTION 2.17 2.13. Taxes 31 41 SECTION 2.18 2.14. Sharing of Payments, Etc. 33 43 SECTION 2.19 2.15. Use of Proceeds 33 43 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 2.16. Defaulting Lenders 43 ARTICLE III CONDITIONS TO OF EFFECTIVENESS OF THIS AGREEMENT AND LENDING AND ISSUANCES OF LETTERS OF CREDIT SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 this Amended and 2.05 35 Restated Agreement 45 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Borrowing and Issuance and Commitment Increase 36 Renewal 47 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 3.03. Determinations Under Section 3.01 37 47 ARTICLE IV
Appears in 1 contract
Samples: Credit Agreement (Davita Inc)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 18 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 19 SECTION 2.03 Swingline Loans 2.03. The Competitive Bid Advances 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Fees 25 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 25 SECTION 2.06. Repayment of Revolving Commitments Credit Advances 26 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 26 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 27 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.12. Illegality 31 SECTION 2.13. Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 2.14. Taxes 33 SECTION 2.15. Sharing of Payments, EtcEtc 36 SECTION 2.16. 33 Extensions of Termination Date and Final Maturity Date 36 SECTION 2.19 Use 2.17. Substitution of Proceeds 33 Lender 37 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 37 SECTION 2.19. Defaulting Lenders 38 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03. 39 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Commitment Extension and Commitment Increase 36 Extension of the Final Maturity Date 40 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 40 SECTION 3.04 3.04. Determinations Under Section 3.01 37 41 SECTION 3.05. Labor Dispute 41 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. 27 SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 27 SECTION 2.02 2.02. Making the Revolving Advances 20 28 SECTION 2.03 Swingline Loans 21 2.03. Fees 30 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.04. Termination or Reduction of the Revolving Commitments 26 31 SECTION 2.09 2.05. Repayment 27 of Advances 31 SECTION 2.10 2.06. Interest 27 32 SECTION 2.11 2.07. Interest Rate Determination 28 33 SECTION 2.12 Optional Conversion of Revolving Advances 29 2.08. Prepayments 33 SECTION 2.13 Optional Prepayments of Revolving Advances 29 2.09. Increased Costs, Etc. 36 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.10. Payments and Computations 30 38 SECTION 2.17 2.11. Taxes 31 40 SECTION 2.18 2.12. Sharing of Payments, Etc. 33 42 SECTION 2.19 2.13. Use of Proceeds 33 42 SECTION 2.20 Extension Option 33 2.14. First Eurodollar Method and Second Eurodollar Method 43 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence 2.15. Redistribution of Debt 35 Payments 43 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING 44 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 44 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 44 SECTION 3.03 3.03. Conditions Precedent to Each CAF Effectiveness of this Agreement 45 ARTICLE IV REPRESENTATIONS AND WARRANTIES 50 SECTION 4.01. Representations and Warranties of the Borrower 50 ARTICLE V COVENANTS OF THE BORROWER 58 SECTION 5.01. Affirmative Covenants 58 SECTION 5.02. Negative Covenants 63 SECTION 5.03. Reporting Requirements 73 SECTION 5.04. Operational and Financial Covenants 77 ARTICLE VI EVENTS OF DEFAULT 81 SECTION 6.01. Events of Default 81 ARTICLE VII THE ADMINISTRATIVE AGENT 87 SECTION 7.01. Authorization and Action 87 SECTION 7.02. Agent's Reliance, Etc. 87 SECTION 7.03. Agent and Affiliates 88 SECTION 7.04. Lender Credit Decision 88 SECTION 7.05. Indemnification 88 SECTION 7.06. Successor Agent 89 ARTICLE VIII MISCELLANEOUS 89 SECTION 8.01. Amendments, Etc. 89 SECTION 8.02. Notices, Etc. 90 SECTION 8.03. No Waiver; Remedies 91 SECTION 8.04. Costs and Expenses; Indemnification 91 SECTION 8.05. Right of Set-off 93 SECTION 8.06. Binding Effect 93 SECTION 8.07. Assignments and Participations 93 SECTION 8.08. Confidentiality 96 SECTION 8.09. Governing Law 96 SECTION 8.10. Execution in Counterparts 96 SECTION 8.11. Jurisdiction, Judgment Currency, Etc. 97 SECTION 8.12. Waiver of Jury Trial 98 SECTION 8.13. Intercreditor Arrangements 98 SECTION 8.14. Intercreditor Agreement; Amendments to Lucent Credit Agreement. 98 Page Schedule 3.01(a)(i) Disclosed Litigation Schedule 4.01(b) Subsidiaries Schedule 4.01(f) Authorizations, Approvals, Notices and Filings Schedule 4.01(o) Liens Schedule 4.01(t) Leases of Real Property Schedule 4.01(v) Existing Debt Schedule 4.01(w) Investments Schedule 4.01(x) Material Contracts Schedule 4.01(y) Licenses Schedule 4.01(z) Insurance Policies Schedule 4.01(dd) Plans, Multiemployer Plans and Welfare Plans Schedule 4.01(ii) Material Licenses Schedule 5.02(u) Stock Purchase Agreements EXHIBITS Exhibit A Form of Note Exhibit B Form of Notice of Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVExhibit C Form of Assignment and Acceptance Exhibit D-1 Form of Operating Subsidiary Guaranty Exhibit D-2 Form of Intermediate Holding Company Subsidiary Guaranty Exhibit E Terms of Intercompany Mirror Subordinated Debt Exhibit F Form of Intercompany Mirror Subordinated Debt Subordination Agreement Exhibit G Form of Subordination Agreement Exhibit H Form of Blocked Account Letter Agreement AMENDED AND RESTATED CREDIT AGREEMENT AMENDED AND RESTATED CREDIT AGREEMENT dated as of November 24, 1999 among DIVEO, INC., a Delaware corporation (the "Borrower"), ERICSSON CREDIT AB (the "Initial Lender") and ERICSSON CREDIT AB as administrative agent (the "Administrative Agent") for the Lenders (as hereinafter defined).
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 18 SECTION 2.02 2.02. Making the Revolving Credit Advances 19 SECTION 2.03. The Competitive Bid Advances 20 SECTION 2.03 Swingline Loans 21 2.04. Fees 25 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 25 SECTION 2.06. Repayment of Revolving Commitments Credit Advances 26 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 26 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 27 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 28 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 28 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 2.12. Illegality 30 SECTION 2.16 2.13. Payments and Computations 30 SECTION 2.17 2.14. Taxes 31 32 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.16. Extensions of Termination Date and Final Maturity Date 35 SECTION 2.17. Substitution of Lender 36 SECTION 2.18. Evidence of Debt 35 36 SECTION 2.19. Defaulting Lenders 37 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 37 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase 36 to Extension of the Final Maturity Date 38 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 39 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV39 SECTION 3.05. Labor Dispute 40
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 16 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 17 SECTION 2.03 Swingline Loans 21 2.03. The Competitive Bid Advances 19 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 2.04. Fees 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 23 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 24 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 24 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 24 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 26 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 26 SECTION 2.14 2.11. Increased Costs 29 27 SECTION 2.15 2.12. Illegality 30 27 SECTION 2.16 2.13. Payments and Computations 28 SECTION 2.14. Taxes 30 SECTION 2.17 Taxes 31 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 32 SECTION 2.16. Extensions of Termination Date 33 SECTION 2.19 Use 2.17. Substitution of Proceeds Lender 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 34 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 34 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Credit Borrowing 35 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 36 SECTION 3.04 3.04. Determinations Under Section 3.01 37 36 SECTION 3.05. Labor Dispute 36 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. SECTION AND LETTERS OF CREDIT 30 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION 30 Section 2.02 Making the Revolving Advances 20 SECTION Loans 31 Section 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 32 Section 2.04 Fees 35 Section 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Optional Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 36 Section 2.06 Repayments 36 Section 2.07 Interest 27 SECTION 2.11 on Loans 37 Section 2.08 Interest Rate Determination 28 SECTION 2.12 38 Section 2.09 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Loans 39 Section 2.10 Prepayments of Revolving Advances 29 SECTION 2.14 Loans 39 Section 2.11 Increased Costs 29 SECTION 2.15 40 Section 2.12 Illegality 30 SECTION 2.16 41 Section 2.13 Payments and Computations 30 SECTION 2.17 41 Section 2.14 Taxes 31 SECTION 2.18 42 Section 2.15 Sharing of Payments, Etc. 33 SECTION 2.19 Etc 47 Section 2.16 Evidence of Debt 47 Section 2.17 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 48 Section 2.18 Increase in the Aggregate Revolving Commitments 34 SECTION 48 Section 2.19 Defaulting Lenders 49 Section 2.20 [reserved] - Section 2.21 Benchmark Replacement Setting 52 Section 2.22 Evidence The Swing Line 53 Section 2.23 Extension of Debt 35 Termination Date 55 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 57 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION Closing Date 57 Section 3.02 Additional Conditions Precedent to Each Revolving Borrowing, Borrowing and Issuance and Commitment Increase 36 SECTION 58 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Sections 3.01 and 3.02 59 ARTICLE IV REPRESENTATIONS AND WARRANTIES 59 Section 3.01 37 ARTICLE IV4.01 Representations and Warranties of the Borrower 59 CHAR1\1986393v3
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 18 SECTION 2.02 2.02. Making the Revolving Credit Advances 18 SECTION 2.03. The Competitive Bid Advances 20 SECTION 2.03 Swingline Loans 21 2.04. Fees 24 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 25 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 25 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 25 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 26 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 38 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 28 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 2.12. Illegality 30 29 SECTION 2.16 2.13. Payments and Computations 30 SECTION 2.17 2.14. Taxes 31 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments Etc 34 SECTION 2.22 2.16. Extensions of Termination Date and Final Maturity Date 34 SECTION 2.17. Substitution of Lender 35 SECTION 2.18. Evidence of Debt 35 SECTION 2.19. Defaulting Lenders 36 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 37 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase 36 to Extension of the Final Maturity Date 38 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 38 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV39 SECTION 3.05. Labor Dispute 39
Appears in 1 contract
Amounts and Terms of the Advances. SECTION AND THE LETTERS OF CREDIT Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION 36 Section 2.02 Making the Revolving Advances 20 SECTION 37 Section 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Non-rollup Letters of Credit 22 SECTION 38 Section 2.04 Repayment of Advances 44 Section 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION Commitments, Etc. 45 Section 2.06 Prepayments 46 Section 2.07 Interest 48 Section 2.08 Fees 48 Section 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 50 Section 2.10 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs, Etc. 51 Section 2.11 Payments and Computations 30 SECTION 2.17 52 Section 2.12 Taxes 31 SECTION 2.18 53 Section 2.13 Sharing of Payments, Etc. 33 SECTION 2.19 55 Section 2.14 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 55 Section 2.15 Defaulting Lenders 56 Section 2.16 Evidence of Debt 35 58 Section 2.17 Priority and Liens 58 Section 2.18 Payment of Obligations 59 Section 2.19 No Discharge: Survival of Claims 59 Section 2.20 Replacement of Certain Lenders 59 Section 2.21 Issuance of and Drawings and Reimbursement Under Rollup Letters of Credit 60 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 66 Section 3.02 Conditions Precedent to Each Revolving Borrowing, Borrowing and Each Issuance and Commitment Increase 36 SECTION of a Letter of Credit 70 Section 3.03 Conditions Precedent to Each CAF the Term Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV71
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 13 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 13 SECTION 2.03 Swingline Loans 21 2.03. Fees 14 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.04. Termination or Reduction of the Revolving Commitments 26 15 SECTION 2.09 2.05. Repayment 27 15 SECTION 2.10 2.06. Interest 27 15 SECTION 2.11 2.07. Interest Rate Determination 28 16 SECTION 2.12 Optional 2.08. Conversion of Revolving Credit Advances 29 16 SECTION 2.13 2.09. Optional Prepayments of Revolving Advances 29 16 SECTION 2.14 2.10. Increased Costs 29 17 SECTION 2.15 2.11. Illegality 30 18 SECTION 2.16 2.12. Payments and Computations 30 18 SECTION 2.17 2.13. Taxes 31 19 SECTION 2.18 2.14. Sharing of Payments, Etc. 33 21 SECTION 2.19 2.15. Use of Proceeds 33 21 SECTION 2.20 Extension Option 33 SECTION 2.21 2.16. Increase in the Aggregate Revolving Commitments 34 21 SECTION 2.22 2.17. Swing Line Advances 22 SECTION 2.18. Replacement of Lenders 24 SECTION 2.19. Evidence of Debt 35 25 SECTION 2.20. Defaulting Lenders 25 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 25 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Borrowing and Commitment Increase 36 27 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 3.03. Determinations Under Section 3.01 37 ARTICLE IV27
Appears in 1 contract
Amounts and Terms of the Advances. 16 SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 16 SECTION 2.02 2.02. Making the Revolving Credit Advances 16 SECTION 2.03. Fees 17 SECTION 2.04. Optional Termination, Reduction, Increase or Extension of the Commitments 18 SECTION 2.05. Repayment 20 SECTION 2.06. Interest on Revolving Credit Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 2.07. Interest Rate Determination 28 21 SECTION 2.12 2.08. Optional Conversion of Revolving Credit Advances 29 23 SECTION 2.13 Optional 2.09. Prepayments of Revolving Credit Advances 29 23 SECTION 2.14 2.10. Increased Costs 29 23 SECTION 2.15 2.11. Illegality 30 24 SECTION 2.16 2.12. Payments and Computations 30 24 SECTION 2.17 2.13. Taxes 31 26 SECTION 2.18 2.14. Sharing of Payments, Etc. 33 28 SECTION 2.19 2.15. Evidence of Debt 28 SECTION 2.16. Use of Proceeds 33 29 SECTION 2.20 Extension Option 33 2.17. Letters of Credit 29 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 2.18. Defaulting Lenders 32 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING 33 SECTION 3.01 3.01. Conditions Precedent 33 SECTION 3.02. Conditions Precedent to Effectiveness the Initial Borrowing of Sections 2.01 and 2.05 Each Designated Subsidiary 35 SECTION 3.02 3.03. Conditions Precedent to Each Revolving Borrowing, Credit Borrowing or Letter of Credit Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 37 SECTION 4.01. Representations and Warranties of PPG 37 ARTICLE V COVENANTS OF THE BORROWERS 39 SECTION 5.01. Affirmative Covenants 39 SECTION 5.02. Negative Covenants 41 ARTICLE VI EVENTS OF DEFAULT 43 SECTION 6.01. Events of Xxxxxxx 00 XXXXXXX XXX XXXXXXXX 00 SECTION 7.01. Guaranty 45 SECTION 7.02. Guaranty Absolute 45 SECTION 7.03. Waivers and Acknowledgments 46 SECTION 7.04. Subrogation 47 SECTION 7.05. Subordination 47 SECTION 7.06. Continuing Guaranty; Assignments 48 ARTICLE VIII THE ADMINISTRATIVE AGENT 48 SECTION 8.01. Authorization and Action 48 SECTION 8.02. Administrative Agent’s Reliance, Etc. 49 SECTION 8.03. JPMCB and Affiliates 49 SECTION 8.04. Lender Credit Decision 49 SECTION 8.05. Indemnification 49 SECTION 8.06. Successor Administrative Agent 50 SECTION 8.07. Other Agents 50 SECTION 8.08. Certain ERISA Matters 50 ARTICLE IX MISCELLANEOUS 51 SECTION 9.01. Amendments, Etc. 51 SECTION 9.02. Notices, Etc. 52 SECTION 9.03. No Waiver; Remedies 53 SECTION 9.04. Costs and Expenses 53 SECTION 9.05. Right of Set‑off 54 SECTION 9.06. Binding Effect 54 SECTION 9.07. Assignments and Participations 54 SECTION 9.08. Confidentiality 57 SECTION 9.09. Governing Law 57 SECTION 9.10. Execution in Counterparts 58 SECTION 9.11. Judgment 58 SECTION 9.12. Jurisdiction, Etc. 58 SECTION 9.13. Substitution of Currency 59 SECTION 9.14. Designated Subsidiaries 59 SECTION 9.15. Waiver of Jury Trial 60 SECTION 9.16. USA PATRIOT ACT 60 SECTION 9.17. No Fiduciary Duty 60 SECTION 9.18. Acknowledgment and Consent to Bail-In of EEA Financial Institutions 60 SECTION 9.19. Acknowledgement Regarding Any Supported QFCs 61 SECTION 9.20. Effect of Amendment and Restatement 61 Schedules Schedule I - List of Pre-Approved Designated Subsidiaries Schedule 2.01 - Commitments Exhibits Exhibit A - Form of Note Exhibit B-1 - Form of Notice of Revolving Credit Borrowing Exhibit B-2 - Form of Designation of Existing Letters of Credit Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Letter Exhibit E-1 - Form of Opinion of Counsel for PPG Exhibit E-2 - Form of Opinion of K&L Gates LLP Exhibit E-3 - Form of Opinion of Special Counsel for a Designated Subsidiary AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT Dated as of August 30, 2019 This agreement is among PPG INDUSTRIES, INC., a Pennsylvania corporation (“PPG”), each Subsidiary of PPG who becomes a borrower hereunder pursuant to Section 9.14 (collectively with PPG, the “Borrowers” and each, a “Borrower”) the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent for the Lenders, MUFG BANK, LTD. (“MUFG”), BNP PARIBAS, CITIBANK, N.A. and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as syndication agents, and JPMORGAN CHASE BANK, N.A., MUFG, BNP PARIBAS SECURITIES CORP., CITIBANK, N.A. (“Citi”) and PNC CAPITAL MARKETS LLC, as co-lead arrangers and co-bookrunners.
Appears in 1 contract
Amounts and Terms of the Advances. SECTION AND THE LETTERS OF CREDIT Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION 36 Section 2.02 Making the Revolving Advances 20 SECTION 37 Section 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Non-rollup Letters of Credit 22 SECTION 38 Section 2.04 Repayment of Advances 44 Section 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION Commitments, Etc 45 Section 2.06 Prepayments 46 Section 2.07 Interest 48 Section 2.08 Fees 48 Section 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 50 Section 2.10 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs, Etc 51 Section 2.11 Payments and Computations 30 SECTION 2.17 52 Section 2.12 Taxes 31 SECTION 2.18 53 Section 2.13 Sharing of Payments, Etc. 33 SECTION 2.19 Etc 55 Section 2.14 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 55 Section 2.15 Defaulting Lenders 56 Section 2.16 Evidence of Debt 35 58 Section 2.17 Priority and Liens 58 Section 2.18 Payment of Obligations 59 Section 2.19 No Discharge: Survival of Claims 59 Section 2.20 Replacement of Certain Lenders 59 Section 2.21 Issuance of and Drawings and Reimbursement Under Rollup Letters of Credit 60 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 66 Section 3.02 Conditions Precedent to Each Revolving Borrowing, Borrowing and Each Issuance and Commitment Increase 36 SECTION of a Letter of Credit 70 Section 3.03 Conditions Precedent to Each CAF the Term Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV71
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving A Advances and Letters 13 SECTION 2.02. Making the A Advances 14 SECTION 2.03. The B Advances 14 SECTION 2.04. Fees 18 SECTION 2.05. Reduction of Credit the Commitments 18 SECTION 2.06. Repayment of A Advances 18 SECTION 2.07. Interest on A Advances 18 SECTION 2.08. Additional Interest on Eurodollar Rate Advances 19 SECTION 2.02 Making the Revolving 2.09. Interest Rate Determination 19 SECTION 2.10. Voluntary Conversion of A Advances 20 SECTION 2.03 Swingline Loans 2.11. Prepayments of A Advances 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 2.12. Increased Costs 21 SECTION 2.13. Illegality 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.14. Payments and Computations 30 22 SECTION 2.17 2.15. Taxes 31 23 SECTION 2.18 2.16. Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Etc 25 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Closing 26 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 A Borrowing 27 SECTION 3.03 3.03. Conditions Precedent to Each CAF B Borrowing 37 28 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV3.04. Reliance on Certificates 28
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 16 SECTION 2.02 Making the Revolving Advances 16 SECTION 2.03 Fees 17 SECTION 2.04 Reduction of the Commitments 17 SECTION 2.05 Repayment of Advances 18 SECTION 2.06 Interest on Advances 18 SECTION 2.07 [Intentionally Omitted.] 18 SECTION 2.08 Interest Rate Determination 18 SECTION 2.09 Optional Conversion of Advances 20 SECTION 2.03 Swingline Loans 2.10 Prepayments of Advances 20 SECTION 2.11 Increased Costs 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 2.12 Illegality 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 23 SECTION 2.17 2.14 Taxes 31 24 SECTION 2.18 2.15 Sharing of Payments, Etc. 33 etc 28 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 28 SECTION 2.17 Evidence of Debt 29 SECTION 2.18 Use of Proceeds 33 29 SECTION 2.19 [Intentionally Omitted.] 29 SECTION 2.20 Extension Option 33 of Scheduled Termination Date 29 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 Defaulting Lenders 31 SECTION 2.22 Evidence of Debt 35 Term-Out Option 32 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 33 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Borrowing 34 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 34 ARTICLE IV
Appears in 1 contract
Samples: Credit Agreement (Walt Disney Co/)
Amounts and Terms of the Advances. SECTION 22 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Loans 22 Section 2.02 Making the Revolving Advances 20 SECTION Loans 23 Section 2.03 Swingline Repayment of Loans 21 SECTION 23 Section 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION Interest 23 Section 2.05 The CAF Advances 23 SECTION Fees 24 Section 2.06 Competitive Bid Procedure 23 SECTION Maximum Interest 24 Section 2.07 Fees 26 SECTION Interest Rate Determinations 25 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Commitments; Prepayments of Revolving Advances 29 SECTION 2.14 Loans 25 Section 2.09 LTV Breach; Withdrawal of Collateral 26 Section 2.10 Increased Costs 28 Section 2.11 Taxes 29 SECTION Section 2.12 Illegality 33 Section 2.13 Compensation for Losses 33 Section 2.14 Evidence of Debt 34 Section 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 34 Section 2.16 Administrative Agent’s Clawback 35 Section 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc. 33 SECTION Payments by Lenders 36 Section 2.18 Limited Recourse 36 Section 2.19 Use of Proceeds 33 SECTION Mitigation Obligations 36 Section 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Payoff Letter 37 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 37 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 Loan 37 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES 39 Section 4.01 Representations and Warranties of Borrower 39 ARTICLE V COVENANTS OF BORROWER 44 Section 5.01 Affirmative Covenants 44 Section 5.02 Negative Covenants 48 ARTICLE VI EVENTS OF DEFAULT 51 Section 6.01 Events of Default 51 Section 6.02 Certain Provisions Related to Pledged Shares 53 Section 6.03 Application of Funds 54 ARTICLE VII AGENTS 54 Section 7.01 Appointment and Authority 54 Section 7.02 Rights as a Lender 55 Section 7.03 Exculpatory Provisions 55 Section 7.04 Reliance by the Agents 56 Section 7.05 Delegation of Duties 56 Section 7.06 Resignation of Agent 56 Section 7.07 Non-Reliance on Agents and Other Lenders 57 Section 7.08 No Other Duties 57 Section 7.09 Collateral and Guaranty Matters 57 Section 7.10 Administrative Agent May File Proofs of Claim 57 ARTICLE VIII MISCELLANEOUS 58 Section 8.01 Amendments, Etc. 58 Section 8.02 Notices; Effectiveness; Electronic Communications 59 Section 8.03 No Waiver; Remedies; Securities Contracts 61 Section 8.04 Costs and Expenses; Indemnification; Damage Waiver 62 Section 8.05 Payments Set Aside 64 Section 8.06 Assignments and Participations 64 Section 8.07 Governing Law; Submission to Jurisdiction 67 Section 8.08 Severability 68 Section 8.09 Counterparts; Integration; Effectiveness; Electronic Execution 68 Section 8.10 Survival of Representations 69 Section 8.11 Confidentiality 69 Section 8.12 No Advisory or Fiduciary Relationship 70 Section 8.13 Right of Setoff 70 Section 8.14 [Reserved] 71 Section 8.15 No Fiduciary Duty 71 Section 8.16 USA PATRIOT Act Notice 71 Section 8.17 Entire Agreement 72 SCHEDULES Schedule I Initial Commitments Schedule II Pending Litigation EXHIBITS Exhibit A - Form of Notice of Borrowing Exhibit B - Form of Pledge Agreement Exhibit C - Form of Parent Representation Letter Exhibit D - Form of Control Agreement Exhibit E – Form of Assignment and Assumption Exhibit F-1 - Form of U.S. Tax Compliance Certificate Exhibit F-2 - Form of U.S. Tax Compliance Certificate Exhibit F-3 - Form of U.S. Tax Compliance Certificate Exhibit F-4 - Form of U.S. Tax Compliance Certificate Exhibit G – Form of Issuer Acknowledgment Exhibit H-1 – Form of Legal Opinion of Counsel to Borrower Exhibit H-2 – Form of Legal Opinion of Lenders’ Cayman Island Counsel This LOAN AGREEMENT dated as of October 11, 2013, among ASAC II LP, a Cayman Islands exempted limited partnership (“Borrower”), ASAC II LLC, a Delaware limited liability company (“General Partner”), JPMORGAN CHASE BANK, N.A., LONDON BRANCH and each other lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as Administrative Agent, and JPMORGAN CHASE BANK, N.A., LONDON BRANCH, as Collateral Agent and Calculation Agent. Borrower has requested that the Lenders make loans to it in an aggregate initial principal amount not in excess of $428,773,651.33, and the Lenders are prepared to make such loans upon the terms and subject to the conditions set forth in this Agreement. In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:
Appears in 1 contract
Samples: Loan Agreement (Asac Ii Lp)
Amounts and Terms of the Advances. 27 SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 27 SECTION 2.02 2.02. Making the Revolving Advances 20 27 SECTION 2.03 Swingline Loans 21 2.03. Fees 30 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.04. Termination or Reduction of the Revolving Commitments 26 31 SECTION 2.09 2.05. Repayment 27 of Advances 31 SECTION 2.10 2.06. Interest 27 32 SECTION 2.11 2.07. Interest Rate Determination 28 32 SECTION 2.12 Optional Conversion of Revolving Advances 29 2.08. Prepayments 32 SECTION 2.13 Optional Prepayments of Revolving Advances 29 2.09. Increased Costs, Etc. 35 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.10. Payments and Computations 30 38 SECTION 2.17 2.11. Taxes 31 39 SECTION 2.18 2.12. Sharing of Payments, Etc. 33 41 SECTION 2.19 2.13. Use of Proceeds 33 42 SECTION 2.20 Extension Option 33 2.14. First Eurodollar Method and Second Eurodollar Method 42 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence 2.15. Redistribution of Debt 35 Payments 43 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING 43 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 43 SECTION 3.02 3.02. Conditions Precedent to Each Revolving BorrowingBorrowing 48 ARTICLE IV REPRESENTATIONS AND WARRANTIES 49 SECTION 4.01. Representations and Warranties of the Borrower 49 ARTICLE V COVENANTS OF THE BORROWER 57 SECTION 5.01. Affirmative Covenants 58 SECTION 5.02. Negative Covenants 62 SECTION 5.03. Reporting Requirements 72 SECTION 5.04. Operational and Financial Covenants 77 ARTICLE VI EVENTS OF DEFAULT 81 SECTION 6.01. Events of Default 81 ARTICLE VII THE ADMINISTRATIVE AGENT 86 SECTION 7.01. Authorization and Action 86 SECTION 7.02. Agent's Reliance, Issuance Etc. 86 SECTION 7.03. Agent and Commitment Increase 36 Affiliates 87 SECTION 3.03 Conditions Precedent 7.04. Lender Credit Decision 87 SECTION 7.05. Indemnification 87 SECTION 7.06. Successor Agent 88 ARTICLE VIII MISCELLANEOUS 88 SECTION 8.01. Amendments, Etc. 88 SECTION 8.02. Notices, Etc. 90 SECTION 8.03. No Waiver; Remedies 90 SECTION 8.04. Costs and Expenses; Indemnification 90 SECTION 8.05. Right of Set-off 92 SECTION 8.06. Binding Effect 92 SECTION 8.07. Assignments and Participations 93 SECTION 8.08. Confidentiality 95 SECTION 8.09. Governing Law 96 SECTION 8.10. Execution in Counterparts 96 SECTION 8.11. Jurisdiction, Judgment Currency, Etc. 96 SECTION 8.12. Waiver of Jury Trial 97 SECTION 8.13. Intercreditor Arrangements 97 SECTION 8.14. Intercreditor Agreement; Amendments to Each CAF Ericsson Credit Agreement. 97 Schedule 3.01(a)(i) Disclosed Litigation Schedule 4.01(b) Subsidiaries Schedule 4.01(f) Authorizations, Approvals, Notices and Filings Schedule 4.01(o) Liens Schedule 4.01(t) Leases of Real Property Schedule 4.01(v) Existing Debt Schedule 4.01(w) Investments Schedule 4.01(x) Material Contracts Schedule 4.01(y) Licenses Schedule 4.01(z) Insurance Policies Schedule 4.01(dd) Plans, Multiemployer Plans and Welfare Plans Schedule 4.01(ii) Material Licenses Schedule 5.02(u) Stock Purchase Agreements Exhibits Exhibit A Form of Note Exhibit B Form of Notice of Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVExhibit C Form of Assignment and Acceptance Exhibit D-1 Form of Operating Subsidiary Guaranty Exhibit D-2 Form of Intermediate Holding Company Subsidiary Guaranty Exhibit E Terms of Intercompany Mirror Subordinated Debt Exhibit F Form of Intercompany Mirror Subordinated Debt Subordination Agreement Exhibit G Form of Subordination Agreement Exhibit H Form of Blocked Account Letter Agreement CREDIT AGREEMENT CREDIT AGREEMENT dated as of November 22, 1999 among DIVEO, INC., a Delaware corporation (the "Borrower"), the Initial Lender, the Lenders (as hereinafter defined) party hereto and LUCENT TECHNOLOGIES INC., as administrative agent (the "Administrative Agent") for the Lenders (as hereinafter defined).
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 23 Section 2.01. The Advances. Revolving Credit Advances and Letters of Credit 19 SECTION 2.02 23 Section 2.02. Making the Revolving Credit Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 24 Section 2.03. Fees 25 Section 2.04. Termination or Reduction of the Commitments 25 Section 2.05. Repayment of Advances 26 Section 2.06. Interest 26 Section 2.07. Interest Rate Determination 26 Section 2.08. Optional Conversion of Advances 27 Section 2.09. Prepayments 27 Section 2.10. Increased Costs 28 Section 2.11. Illegality 28 Section 2.12. Payments and Computations 29 Section 2.13. Taxes 30 Section 2.14. Sharing of Payments, Etc. 31 Section 2.15. Use of Proceeds 32 Section 2.16. Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Sharing of Payments, Etc32 Section 2.17. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 ARTICLE 36 Article III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 38 Section 3.01. Conditions Precedent to Effectiveness Initial Extension of Sections 2.01 and 2.05 35 SECTION 3.02 Credit 38 Section 3.02. Conditions Precedent to Each Revolving BorrowingBorrowing and Issuance, Issuance Etc. 40 Article IV REPRESENTATIONS AND WARRANTIES 41 Section 4.01. Representations and Commitment Increase 36 SECTION 3.03 Conditions Precedent Warranties of the Loan Parties 41 Article V COVENANTS OF THE BORROWER 46 Section 5.01. Affirmative Covenants 46 Section 5.02. Negative Covenants 52 Section 5.03. Reporting Requirements 60 Section 5.04. Financial Covenants 63 Article VI EVENTS OF DEFAULT 63 Section 6.01. Events of Default 63 Section 6.02. Actions in Respect of the Letters of Credit upon Default 66 Article VII BORROWER GUARANTY 67 Section 7.01. Guaranty 67 Section 7.02. Guaranty Absolute 67 Section 7.03. Waivers and Acknowledgments 68 Section 7.04. Subrogation 68 Section 7.05. Continuing Guaranty 69 Cxxxxxx Credit Agreement Page Article VIII the agents 69 Section 8.01. Authorization and Action 69 Section 8.02. Agent’s Reliance, Etc. 70 Section 8.03. CUSA and Affiliates 70 Section 8.04. Lender Party Credit Decision 70 Section 8.05. Indemnification 71 Section 8.06. Successor Agents 72 Article IX MISCELLANEOUS 72 Section 9.01. Amendments, Etc. 72 Section 9.02. Notices, Etc. 73 Section 9.03. No Waiver; Remedies, Entire Agreement 74 Section 9.04. Costs and Expenses 74 Section 9.05. Right of Set-off 75 Section 9.06. Binding Effect 76 Section 9.07. Assignments and Participations 76 Section 9.08. Execution in Counterparts 79 Section 9.09. No Liability of the Issuing Bank 79 Section 9.10. Confidentiality 79 Section 9.11. Release of Collateral 79 Section 9.12. Patriot Act Notification 80 Section 9.13. JURISDICTION, ETC 80 Section 9.14. GOVERNING LAW 80 Section 9.15. WAIVER OF JURY TRIAL 80 Cxxxxxx Credit Agreement Schedules Schedule I — Commitments and Applicable Lending Offices Schedule II — Existing Letters of Credit Schedule III — Existing Indebtedness; Guaranty Obligations; Liens Schedule IV — Designated Account Parties Schedule V — Ownership of the Borrower Schedule VI — Disclosed Litigation Schedule VII — Subsidiaries of the Borrower Schedule VIII — Asset Dispositions Schedule IX — Regulated Subsidiaries Schedule X — Material Subsidiaries Schedule XI — Eligible Vessels Schedule XII — Certain Environmental Matters Schedule XIII — Certain Tax Matters Schedule XIV — Cxxxxxx Maritime Corporation Memo Exhibits Exhibit A — Form of Promissory Note Exhibit B — Form of Notice of Borrowing Exhibit C — Form of Assignment and Acceptance Exhibit D — Form of Opinion of Gxxxxxxxx, Poster & Sxxxxx, counsel to Each CAF the Loan Parties Exhibit E — Form of Subsdiary Guaranty Exhibit F — Form of Cash Collateral Agreement Exhibit G — Form of First Preferred Fleet Mortgages Exhibit H — Form of Assignment of Insurances Exhibit I — Form of Assignment of Freights and Hires Exhibit J — Form of Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVBase Certificate Cxxxxxx Credit Agreement CREDIT AGREEMENT CREDIT AGREEMENT dated as of April 20, 2007 among CXXXXXX MARITIME CORPORATION, a Delaware corporation, as borrower (the “Borrower”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, CITIBANK, N.A. (“Citibank”), as issuing bank (the “Issuing Bank”), CITICORP USA, INC. (“CUSA”), as administrative agent (together with any successor agent appointed pursuant to Article VIII, the “Administrative Agent”) for the Lender Parties (as hereinafter defined) and as collateral agent (together with any successor collateral agent appointed pursuant to Article VIII, the “Collateral Agent”) and CITIGROUP GLOBAL MARKETS INC., as arranger (the “Arranger”).
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 11 Section 2.01. The Revolving Pro Rata Advances and Letters of Credit 19 SECTION 2.02 11 Section 2.02. Making the Revolving Pro Rata Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance 11 Section 2.03. Repayment of and Drawings and Reimbursement Under Letters Pro Rata Advances 13 Section 2.04. Interest on Pro Rata Advances 13 Section 2.05. Additional Interest on LIBO Rate Advances 13 Section 2.06. Conversion of Credit 22 SECTION 2.05 Pro Rata Advances 14 Section 2.07. The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Advances 14 Section 2.08. LIBO Rate Determination 19 Section 2.09. Fees 26 SECTION 2.08 20 Section 2.10. Optional Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 20 Section 2.11. Optional Prepayments of Revolving Pro Rata Advances 29 SECTION 2.14 20 Section 2.12. Increased Costs 29 SECTION 2.15 21 Section 2.13. Illegality 30 SECTION 2.16 22 Section 2.14. Payments and Computations 30 SECTION 2.17 22 Section 2.15. Taxes 31 SECTION 2.18 23 Section 2.16. Sharing of Payments, EtcEtc 25 Section 2.17. 33 SECTION 2.19 Evidence of Debt 26 Section 2.18. Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 26 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 27 Section 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 27 Section 3.02. Initial Advance to Each Designated Subsidiary 28 Section 3.03. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Pro Rata Borrowing 29 Section 3.04. Conditions Precedent to Each CAF Competitive Bid Borrowing 29 i Table of Contents (continued) Page ARTICLE IV REPRESENTATIONS AND WARRANTIES 30 Section 4.01. Representations and Warranties of Kraft 30 ARTICLE V COVENANTS OF KRAFT 32 Section 5.01. Affirmative Covenants 32 Section 5.02. Negative Covenants 33 ARTICLE VI EVENTS OF DEFAULT 34 Section 6.01. Events of Default 34 Section 6.02. Lenders' Rights upon Event of Default 36 ARTICLE VII THE ADMINISTRATIVE AGENTS 36 Section 7.01. Authorization and Action 36 Section 7.02. Administrative Agents' Reliance, Etc 37 SECTION 3.04 Determinations Under Section 3.01 7.03. Chase, Citibank and Affiliates 37 Section 7.04. Lender Credit Decision 38 Section 7.05. Indemnification 38 Section 7.06. Successor Administrative Agents 38 Section 7.07. Syndication Agents and Arrangers and Documentation Agents 39 ARTICLE IVVIII GUARANTY 39 Section 8.01. Guaranty 39 Section 8.02. Guaranty Absolute 39 Section 8.03. Waivers 40 Section 8.04. Continuing Guaranty 40 ARTICLE IX MISCELLANEOUS 41 Section 9.01. Amendments, Etc 41 Section 9.02. Notices, Etc 41 Section 9.03. No Waiver; Remedies 42 Section 9.04. Costs and Expenses 43 Section 9.05. Right of Set-Off 44 ii Table of Contents (continued) Page Section 9.06. Binding Effect 44 Section 9.07. Assignments and Participations 44 Section 9.08. Designated Subsidiaries 47 Section 9.09. Governing Law 48 Section 9.10. Execution in Counterparts 48 Section 9.11. Jurisdiction, Etc 48 Section 9.12. Confidentiality 49 Section 9.13. Integration 49 SCHEDULE Schedule I — List of Applicable Lending Offices EXHIBITS Exhibit A-1 – Form of Pro Rata Note Exhibit A-2 – Form of Competitive Bid Note Exhibit B-1 – Form of Notice of Pro Rata Borrowing Exhibit B-2 – Form of Notice of Competitive Bid Borrowing Exhibit C – Form of Assignment and Acceptance Exhibit D – Form of Designation Agreement Exhibit E-1 – Form of Opinion of Counsel for Kraft Exhibit E-2 – Form of Opinion of Counsel for Kraft Exhibit F – Form of Opinion of Counsel for Designated Subsidiary Exhibit G – Form of Opinion of Counsel for Chase, as Adminstrative Agent 5-YEAR REVOLVING CREDIT AGREEMENT Dated as of July 24, 2001 KRAFT FOODS INC., a Virginia corporation ("Kraft"), the banks, financial institutions and other institutional lenders (the "Initial Lenders") listed on the signature pages hereof, and THE CHASE MANHATTAN BANK ("Chase") and CITIBANK, N.A. ("Citibank"), as administrative agents (each, in such capacity, an "Administrative Agent"), CREDIT SUISSE FIRST BOSTON and DEUTSCHE BANK AG NEW YORK BRANCH AND/OR CAYMAN ISLANDS BRANCH ("Deutsche Bank AG"), as syndication agents (each, in such capacity, a "Syndication Agent") and ABN AMRO BANK N.V., BNP PARIBAS, DRESDNER BANK AG, NEW YORK AND GRAND CAYMAN BRANCHES and HSBC BANK USA, as arrangers and documentation agents (each, in such capacity, an "Arranger and Documentation Agent") for the Lenders (as hereinafter defined), agree as follows:
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 11 Section 2.01. The Revolving Pro Rata Advances and Letters of Credit 19 SECTION 2.02 11 Section 2.02. Making the Revolving Pro Rata Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance 11 Section 2.03. Repayment of and Drawings and Reimbursement Under Letters Pro Rata Advances 13 Section 2.04. Interest on Pro Rata Advances 13 Section 2.05. Additional Interest on LIBO Rate Advances 13 Section 2.06. Conversion of Credit 22 SECTION 2.05 Pro Rata Advances 14 Section 2.07. The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Advances 14 Section 2.08. LIBO Rate Determination 18 Section 2.09. Fees 26 SECTION 2.08 20 Section 2.10. Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 20 Section 2.11. Prepayments of Revolving Advances 29 SECTION 2.14 20 Section 2.12. Increased Costs 29 SECTION 2.15 21 Section 2.13. Illegality 30 SECTION 2.16 22 Section 2.14. Payments and Computations 30 SECTION 2.17 22 Section 2.15. Taxes 31 SECTION 2.18 23 Section 2.16. Sharing of Payments, Etc. 33 SECTION 2.19 25 Section 2.17. Evidence of Debt 26 Section 2.18. Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 26 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 27 Section 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 27 Section 3.02. Initial Advance to Each Designated Subsidiary 28 Section 3.03. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Pro Rata Borrowing 29 Section 3.04. Conditions Precedent to Each CAF Competitive Bid Borrowing 29 i Table of Contents (continued) Page ARTICLE IV REPRESENTATIONS AND WARRANTIES 30 Section 4.01. Representations and Warranties of Altria 30 ARTICLE V COVENANTS OF ALTRIA 31 Section 5.01. Affirmative Covenants 31 Section 5.02. Negative Covenants 32 ARTICLE VI EVENTS OF DEFAULT 34 Section 6.01. Events of Default 34 Section 6.02. Lenders’ Rights upon Event of Default 35 ARTICLE VII THE ADMINISTRATIVE AGENTS 36 Section 7.01. Authorization and Action 36 Section 7.02. Administrative Agents’ Reliance, Etc. 36 Section 7.03. JPMorgan Chase, Citibank and Affiliates 37 SECTION 3.04 Determinations Under Section 3.01 7.04. Lender Credit Decision 37 Section 7.05. Indemnification 37 Section 7.06. Successor Administrative Agents 38 Section 7.07. Syndication Agents and Arrangers and Documentation Agents 38 ARTICLE IVVIII GUARANTY 39 Section 8.01. Guaranty 39 Section 8.02. Guaranty Absolute 39 Section 8.03. Waivers 39 Section 8.04. Continuing Guaranty 40 ARTICLE IX MISCELLANEOUS 40 Section 9.01. Amendments, Etc. 40 Section 9.02. Notices, Etc. 41 Section 9.03. No Waiver; Remedies 42 Section 9.04. Costs and Expenses 42 Section 9.05. Right of Set-Off 43 ii Table of Contents (continued) Page Section 9.06. Binding Effect 44 Section 9.07. Assignments and Participations 44 Section 9.08. Designated Subsidiaries 47 Section 9.09. Governing Law 47 Section 9.10. Execution in Counterparts 47 Section 9.11. Jurisdiction, Etc. 47 Section 9.12. Confidentiality 48 Section 9.13. Integration 48 Section 9.14. USA Patriot Act Notice 49 SCHEDULE Schedule I - List of Applicable Lending Offices Schedule II - Certain Subsidiary Information EXHIBITS Exhibit A-1 - Form of Pro Rata Note Exhibit A-2 - Form of Competitive Bid Note Exhibit B-1 - Form of Notice of Pro Rata Borrowing Exhibit B-2 - Form of Notice of Competitive Bid Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Agreement Exhibit E-1 - Form of Opinion of Counsel for Altria Exhibit E-2 - Form of Opinion of Counsel for Altria Exhibit F - Form of Opinion of Counsel for Designated Subsidiary Exhibit G - Form of Opinion of Counsel for JPMorgan Chase, as Adminstrative Agent 364-DAY REVOLVING CREDIT AGREEMENT Dated as of March 31, 2006 ALTRIA GROUP, INC., a Virginia corporation (“Altria”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, and JPMORGAN CHASE BANK, N.A. (“JPMorgan Chase”) and CITIBANK, N.A. (“Citibank”), as administrative agents (each, in such capacity, an “Administrative Agent”), CREDIT SUISSE SECURITIES (USA) LLC and DEUTSCHE BANK SECURITIES INC., as syndication agents (each, in such capacity, a “Syndication Agent”) and ABN AMRO BANK N.V., BNP PARIBAS, HSBC BANK USA, NATIONAL ASSOCIATION and UBS LOAN FINANCE LLC, as arrangers and documentation agents (each, in such capacity, an “Arranger and Documentation Agent”) for the Lenders (as hereinafter defined), agree as follows:
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 15 SECTION 2.02 Making the Revolving Advances 16 SECTION 2.03 [Reserved] 17 SECTION 2.04 Fees 17 SECTION 2.05 Termination, Reduction or Increase of the Commitments 17 SECTION 2.06 Repayment of Advances 20 SECTION 2.03 Swingline Loans 2.07 Interest on Advances 20 SECTION 2.08 Interest Rate Determination 21 SECTION 2.04 Issuance 2.09 Optional Conversion of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 23 SECTION 2.14 2.11 Increased Costs 29 24 SECTION 2.15 2.12 Illegality 30 25 SECTION 2.16 2.13 Payments and Computations 30 26 SECTION 2.17 2.14 Taxes 31 27 SECTION 2.18 2.15 Sharing of Payments, Etc. 33 30 SECTION 2.19 2.16 Use of Proceeds 33 30 SECTION 2.20 Extension Option 33 2.17 Mandatory Assignment by a Lender; Mitigation 30 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18 Evidence of Debt 35 31 SECTION 2.19 Extension of Termination Date 32 SECTION 2.20 Defaulting Lenders 34 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 Section 2 35 SECTION 3.02 Conditions Precedent to Initial Borrowing of Each Revolving Borrowing, Issuance and Commitment Increase 36 Designated Subsidiary 37 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV3 38
Appears in 1 contract
Samples: Credit Agreement (Hershey Co)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 14 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 14 SECTION 2.03 Swingline Loans 2.03. The Competitive Bid Advances 15 SECTION 2.04. Fees 19 SECTION 2.05. Termination, Reduction or Increase of the Commitments 19 SECTION 2.06. Repayment of Revolving Credit Advances 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of 2.07. Interest on Revolving Credit 22 Advances 21 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 22 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 23 SECTION 2.13 2.10. Optional Prepayments of Revolving Credit Advances 29 24 SECTION 2.14 2.11. Increased Costs 29 24 SECTION 2.15 2.12. Illegality 30 25 SECTION 2.16 2.13. Payments and Computations 30 26 SECTION 2.17 2.14. Taxes 31 27 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 29 SECTION 2.16. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 29 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 29 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase 36 Date 30 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 31 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV31 i
Appears in 1 contract
Amounts and Terms of the Advances. SECTION AND THE LETTERS OF CREDIT Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION 36 Section 2.02 Making the Revolving Advances 20 SECTION 37 Section 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 38 Section 2.04 Repayment of Advances 44 Section 2.05 The CAF Advances 23 SECTION Termination, Reduction or Automatic Increase of Commitments 44 Section 2.06 Competitive Bid Procedure 23 SECTION Prepayments 44 Section 2.07 Interest 46 Section 2.08 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 46 Section 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 47 Section 2.10 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs, Etc. 48 Section 2.11 Payments and Computations 30 SECTION 2.17 49 Section 2.12 Taxes 31 SECTION 2.18 50 Section 2.13 Sharing of Payments, Etc. 33 SECTION 2.19 52 Section 2.14 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 53 Section 2.15 Defaulting Lenders 53 Section 2.16 Evidence of Debt 35 55 Section 2.17 Priority and Liens 55 Section 2.18 Payment of Obligations 56 Section 2.19 No Discharge: Survival of Claims 56 Section 2.20 Replacement of Certain Lenders 56 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 57 Section 3.02 Conditions Precedent to Each Revolving Borrowing, Borrowing and Each Issuance and Commitment Increase 36 SECTION of a Letter of Credit 61 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section Sections 3.01 37 ARTICLE IVand 3.03 62
Appears in 1 contract
Samples: Credit Agreement (Chemtura CORP)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving A Advances and Letters of Credit 19 15 SECTION 2.02 2.02. Making the Revolving A Advances 16 SECTION 2.03. The B Advances 17 SECTION 2.04. Fees 20 SECTION 2.03 Swingline Loans 2.05. Termination, Reduction, Extension and Increase of Commitments 21 SECTION 2.04 Issuance 2.06. Repayment of and Drawings and Reimbursement Under Letters Advances; Evidence of Credit 22 Debt 24 SECTION 2.05 The CAF 2.07. Interest on A Advances 23 25 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 Determination; Changes in Rating Systems 25 SECTION 2.12 2.09. Optional Conversion of Revolving A Advances 26 SECTION 2.10. Prepayments, Etc. 27 SECTION 2.11. Increased Costs 28 SECTION 2.12. Illegality 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.13. Payments and Computations 30 SECTION 2.17 Taxes 2.14. Notations on the A Notes 31 SECTION 2.18 2.15. Taxes 32 SECTION 2.16. Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments Etc 34 SECTION 2.22 Evidence of Debt 35 2.17. Borrowings by Designated Borrowers 34 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 Amendment and 2.05 Restatement 35 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase A Borrowing 36 SECTION 3.03 3.03. Conditions Precedent to Each CAF B Borrowing 37 36 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV36
Appears in 1 contract
Samples: Credit Agreement (Solutia Inc)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 17 SECTION 2.02 2.02. Making the Revolving Credit Advances 18 SECTION 2.03. The Competitive Bid Advances 20 SECTION 2.03 Swingline Loans 21 2.04. Fees 24 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 24 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 25 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 25 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 26 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 27 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 28 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 2.12. Illegality 30 29 SECTION 2.16 2.13. Payments and Computations 30 SECTION 2.17 2.14. Taxes 31 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments Etc 34 SECTION 2.22 2.16. Extensions of Termination Date and Final Maturity Date 34 SECTION 2.17. Substitution of Lender 35 SECTION 2.18. Evidence of Debt 35 SECTION 2.19. Defaulting Lenders 36 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 37 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Commitment Extension and Commitment Increase 36 Extension of the Final Maturity Date 38 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 38 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV39 SECTION 3.05. Labor Dispute 39
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 The Revolving 12 Section 2.01.The Contract Advances 12 Section 2.02.Making the Contract Advances 13 Section 2.03.The Auction Advances 14 Section 2.04.Fees 18 Section 2.05.Reduction of the Commitments 19 Section 2.06.Repayment of Contract Advances 19 Section 2.07.Interest on Contract Advances 19 Section 2.08.Additional Interest on Eurodollar Rate Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving Eurodollar Rate Auction Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Section 2.09.Interest Rate Determination 28 SECTION 2.12 Optional Conversion 20 Section 2.10.Conversion of Revolving Contract Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased 21 Section 2.11.Prepayments 22 Section 2.12.Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments 23 Section 2.13.Illegality 24 Section 2.14.Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Sharing 25 Section 2.15.Taxes 26 Section 2.16.Sharing of Payments, Etc. 33 SECTION 2.19 Use 28 Section 2.17.Extension of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence Termination Date. 29 Article III Conditions of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Lending 29 Section 3.01.Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Initial Advances 29 Section 3.02.Condition Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Contract Borrowing 32 Section 3.03.Conditions Precedent to Each CAF Auction Borrowing 37 SECTION 3.04 Determinations Under 32 Section 3.01 37 ARTICLE IV3.04.Condition Precedent to Certain Conversions 33 Article IV Representations and Warranties 33 Section 4.01.Representations and Warranties of the Borrower 33 Article V Covenants of the Borrower 36 Section 5.01.Affirmative Covenants 36 Section 5.02.Negative Covenants 39 Article VI Events of Default 41 Section 6.01.Events of Default 41 Article VII The AGENTS 44 Section 7.01.Authorization and Action 44 Section 7.02.Administrative Agent's Reliance, Etc 44 Section 7.03.Agents and Affiliates 45 Section 7.04.Lender Credit Decision 45 Section 7.05.Indemnification 45 Section 7.06.Successor Administrative Agent 46 Article VIII Miscellaneous 46 Section 8.01.Amendments, Etc 46 Section 8.02.Notices, Etc 47 Section 8.03.No Waiver, Remedies 47 Section 8.04.Costs and Expenses; Indemnification 47 Section 8.05.Right of Set-off 48 Section 8.06.Binding Effect 48 Section 8.07.Assignments and Participations 49 Section 8.08.Discretion of Lender as to Manner of Funding 51 Section 8.09.Governing Law 52 Section 8.10.Waiver of Jury Trial 52 Section 8.11.Execution in Counterparts 52 Section 8.12.Termination of Existing Credit Agreements 52 Signatures 53
Appears in 1 contract
Samples: Louisville Gas & Electric Co /Ky/
Amounts and Terms of the Advances. SECTION 2.01 10 Section 2.01. The Revolving Pro Rata Advances and Letters of Credit 19 SECTION 2.02 10 Section 2.02. Making the Revolving Pro Rata Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance 10 Section 2.03. Repayment of and Drawings and Reimbursement Under Letters Pro Rata Advances 12 Section 2.04. Interest on Pro Rata Advances 12 Section 2.05. Additional Interest on LIBO Rate Advances 12 Section 2.06. Conversion of Credit 22 SECTION 2.05 Pro Rata Advances 13 Section 2.07. The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Advances 13 Section 2.08. LIBO Rate Determination 18 Section 2.09. Fees 26 SECTION 2.08 19 Section 2.10. Optional Termination or Reduction of the Revolving Commitments; Mandatory Reduction of the Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 19 Section 2.11. Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional and Mandatory Prepayments of Revolving Pro Rata Advances 29 SECTION 2.14 19 Section 2.12. Increased Costs 29 SECTION 2.15 20 Section 2.13. Illegality 30 SECTION 2.16 21 Section 2.14. Payments and Computations 30 SECTION 2.17 21 Section 2.15. Taxes 31 SECTION 2.18 22 Section 2.16. Sharing of Payments, Etc. 33 SECTION 2.19 24 Section 2.17. Evidence of Debt 25 Section 2.18. Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 26 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 26 Section 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 26 Section 3.02. Initial Advance to Each Designated Subsidiary 27 Section 3.03. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Pro Rata Borrowing 28 Section 3.04. Conditions Precedent to Each CAF Competitive Bid Borrowing 28 ARTICLE IV REPRESENTATIONS AND WARRANTIES 29 Section 4.01. Representations and Warranties of Kraft 29 ARTICLE V COVENANTS OF KRAFT 30 Section 5.01. Affirmative Covenants 30 Section 5.02. Negative Covenants 31 ARTICLE VI EVENTS OF DEFAULT 33 i Table of Contents (continued) Page Section 6.01. Events of Default 33 Section 6.02. Lenders’ Rights upon Event of Default 34 ARTICLE VII THE ADMINISTRATIVE AGENTS 35 Section 7.01. Authorization and Action 35 Section 7.02. Administrative Agents' Reliance, Etc. 35 Section 7.03. JPMorgan Chase, Citibank and Affiliates 36 Section 7.04. Lender Credit Decision 36 Section 7.05. Indemnification 36 Section 7.06. Successor Administrative Agents 37 SECTION 3.04 Determinations Under Section 3.01 7.07. Syndication Agents 37 ARTICLE IVVIII GUARANTY 37 Section 8.01. Guaranty 37 Section 8.02. Guaranty Absolute 38 Section 8.03. Waivers 38 Section 8.04. Continuing Guaranty 39 ARTICLE IX MISCELLANEOUS 39 Section 9.01. Amendments, Etc. 39 Section 9.02. Notices, Etc. 39 Section 9.03. No Waiver; Remedies 41 Section 9.04. Costs and Expenses 41 Section 9.05. Right of Set-Off 42 Section 9.06. Binding Effect 42 Section 9.07. Assignments and Participations 43 Section 9.08. Designated Subsidiaries 46 Section 9.09. Governing Law 46 Section 9.10. Execution in Counterparts 46 Section 9.11. Jurisdiction, Etc. 46 Section 9.12. Confidentiality 47 Section 9.13. Integration 47 Section 9.14. USA Patriot Act Notice 48 SCHEDULE Schedule I - List of Applicable Lending Offices Schedule II Subsidiary Information EXHIBITS Table of Contents (continued) Page Exhibit A-1 - Form of Pro Rata Note Exhibit A-2 - Form of Competitive Bid Note Exhibit B-1 - Form of Notice of Pro Rata Borrowing Exhibit B-2 - Form of Notice of Competitive Bid Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Agreement Exhibit E-1 - Form of Opinion of Counsel for Kraft Exhibit E-2 - Form of Opinion of Counsel for Kraft Exhibit F - Form of Opinion of Counsel for Designated Subsidiary 364-DAY REVOLVING CREDIT AGREEMENT Dated as of May 24, 2007 KRAFT FOODS INC., a Virginia corporation (“Kraft”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, and JPMORGAN CHASE BANK, N.A. (“JPMorgan Chase”) and CITIBANK, N.A. (“Citibank”), as administrative agents (each, in such capacity, an “Administrative Agent”), and GXXXXXX SXXXX CREDIT PARTNERS L.P. and DEUTSCHE BANK SECURITIES INC., as syndication agents (each, in such capacity, a “Syndication Agent”) for the Lenders (as hereinafter defined), agree as follows:
Appears in 1 contract
Samples: Credit Agreement (Kraft Foods Inc)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 18 SECTION 2.02 2.02. Making the Revolving Credit Advances 19 SECTION 2.03. The Competitive Bid Advances 20 SECTION 2.03 Swingline Loans 21 2.04. Fees 24 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 25 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 25 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 25 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 26 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 28 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 28 SECTION 2.14 2.11. Increased Costs 29 SECTION 2.15 2.12. Illegality 30 29 SECTION 2.16 2.13. Payments and Computations 30 SECTION 2.17 2.14. Taxes 31 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 34 SECTION 2.19 Use 2.16. Extensions of Proceeds 33 Termination Date 34 SECTION 2.20 Extension Option 33 2.17. Substitution of Lender 35 SECTION 2.21 2.18. Evidence of Debt 35 SECTION 2.19. Defaulting Lenders 35 SECTION 2.20. Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 36 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 38 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Commitment Increase and Commitment Increase 36 Extension 39 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 39 SECTION 3.04 3.04. Determinations Under Section 3.01 37 40 SECTION 3.05. Labor Dispute 40 ARTICLE IV
Appears in 1 contract
Samples: Five Year Credit Agreement (United Parcel Service Inc)
Amounts and Terms of the Advances. SECTION 17 Section 2.01 The Revolving Pro Rata Advances and Letters of Credit 19 SECTION 17 Section 2.02 Making the Revolving Pro Rata Advances 17 Section 2.03 Repayment of Pro Rata Advances 19 Section 2.04 Interest on Pro Rata Advances 19 Section 2.05 Additional Interest on LIBO Rate Advances 19 Section 2.06 Conversion of Pro Rata Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 Section 2.07 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Advances 20 Section 2.08 Alternate Rate of Interest 24 Section 2.09 Fees 26 SECTION 2.08 Section 2.10 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION Section 2.11 Interest Rate Determination 28 SECTION Prepayments 26 Section 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 27 Section 2.13 Illegality 30 SECTION 2.16 28 Section 2.14 Payments and Computations 29 Section 2.15 Taxes 30 SECTION 2.17 Taxes 31 SECTION 2.18 Section 2.16 Sharing of Payments, Etc. 32 Section 2.17 Defaulting Lenders 33 SECTION Section 2.18 Evidence of Debt 33 Section 2.19 Use of Proceeds 33 SECTION 34 Section 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 36 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 36 Section 3.02 Conditions Precedent Initial Advance to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION Designated Subsidiary 38 Section 3.03 Conditions Precedent to Each CAF Pro Rata Borrowing 37 SECTION 38 Section 3.04 Determinations Under Conditions Precedent to Each Competitive Bid Borrowing 39 Table of Contents (continued) Page ARTICLE IV REPRESENTATIONS AND WARRANTIES 40 Section 3.01 37 4.01 Representations and Warranties of Altria 40 ARTICLE IVV COVENANTS OF ALTRIA 41 Section 5.01 Affirmative Covenants 41 Section 5.02 Negative Covenants 43 ARTICLE VI EVENTS OF DEFAULT 44 Section 6.01 Events of Default 44 Section 6.02 Lenders’ Rights upon Event of Default 46 ARTICLE VII THE ADMINISTRATIVE AGENTS 46 Section 7.01 Authorization and Action 46 Section 7.02 Administrative Agents’ Reliance, Etc. 47 Section 7.03 JPMCB, Citibank and Affiliates 47 Section 7.04 Lender Credit Decision 48 Section 7.05 Indemnification 48 Section 7.06 Successor Administrative Agents 48 Section 7.07 Syndication Agents and Documentation Agents 49 Section 7.08 Posting of Communications 49 ARTICLE VIII GUARANTY 51 Section 8.01 Guaranty 51 Section 8.02 Guaranty Absolute 51 Section 8.03 Waivers 51 Section 8.04 Continuing Guaranty 52 ARTICLE IX MISCELLANEOUS 52 Section 9.01 Amendments, Etc. 52 Section 9.02 Notices, Etc. 53 Section 9.03 No Waiver; Remedies 54 Section 9.04 Costs and Expenses 54 Section 9.05 Right of Set-Off 55 Section 9.06 Binding Effect 55 Section 9.07 Assignments and Participations 56 Section 9.08 Designated Subsidiaries 59 Section 9.09 Governing Law 59 Table of Contents (continued) Page Section 9.10 Execution in Counterparts 59 Section 9.11 Jurisdiction, Etc. 59 Section 9.12 Confidentiality 60 Section 9.13 Integration 61 Section 9.14 USA Patriot Act Notice 61 Section 9.15 No Fiduciary Duty 61 Section 9.16 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 61 SCHEDULES Schedule I - List of Commitments and Applicable Lending Offices Schedule II - Certain Subsidiary Information EXHIBITS Exhibit A-1 - Form of Pro Rata Note Exhibit A-2 - Form of Competitive Bid Note Exhibit B-1 - Form of Notice of Pro Rata Borrowing Exhibit B-2 - Form of Notice of Competitive Bid Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Agreement Exhibit E - Form of Guarantee Exhibit F-1 - Form of Opinion of Counsel for Altria Exhibit F-2 - Form of Opinion of Counsel for Altria Exhibit F-3 - Form of Opinion of Counsel for Guarantor Exhibit G - Form of Opinion of Counsel for Designated Subsidiary Exhibit H - Form of Opinion of Counsel for JPMCB, as Administrative Agent Exhibit I - Form of Extension Agreement Exhibit J - Form of Confidentiality Agreement 5-YEAR REVOLVING CREDIT AGREEMENT Dated as of August 1, 2018 ALTRIA GROUP, INC., a Virginia corporation (“Altria”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, and JPMORGAN CHASE BANK, N.A. (“JPMCB”) and CITIBANK, N.A. (“Citibank”), as administrative agents (each, in such capacity, an “Administrative Agent”) for the Lenders (as hereinafter defined), agree as follows:
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving A Advances and Letters of Credit 19 15 SECTION 2.02 2.02. Making the Revolving Advances 20 16 SECTION 2.03 Swingline Loans 21 2.03. Fees 24 SECTION 2.04 Issuance of 2.04. Reduction, Increase and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction Extension of the Revolving Commitments 26 Commitments/Substitution of Banks 24 SECTION 2.09 2.05. Repayment 27 SECTION 2.10 2.06. Interest 27 28 SECTION 2.11 2.07. Additional Interest on Eurodollar Rate Advances 29 SECTION 2.08. Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.09. Prepayments of Revolving Advances 29 SECTION 2.14 2.10. Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.11. Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 2.12. Evidence of Indebtedness 32 SECTION 2.13. Sharing of Payments, Etc. Etc 33 SECTION 2.19 Use of Proceeds 2.14. Taxes 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 2.15. Interest Elections 35 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 Conditions 3.01. Condition Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.02 36 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Borrowing Increasing the Aggregate Amount of Advances and each Letter of Credit Issuance and Commitment Increase 36 37 SECTION 3.03 3.03. Conditions Precedent to Each CAF B Borrowing 37 SECTION 3.04 3.04. Determinations Under Section 3.01 37 38 ARTICLE IV
Appears in 1 contract
Samples: Credit Agreement (Olin Corp)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 14 SECTION 2.02 2.02. Making the Revolving Credit Advances 15 SECTION 2.03. The Competitive Bid Advances 16 SECTION 2.04. Fees 19 SECTION 2.05. Termination, Reduction or Increase of the Commitments 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance 2.06. Repayment of and Drawings and Reimbursement Under Letters of Revolving Credit Advances 22 SECTION 2.05 The CAF 2.07. Interest on Revolving Credit Advances 23 22 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 23 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 24 SECTION 2.13 2.10. Optional Prepayments of Revolving Credit Advances 29 24 SECTION 2.14 2.11. Increased Costs 29 25 SECTION 2.15 2.12. Illegality 30 26 SECTION 2.16 2.13. Payments and Computations 30 27 SECTION 2.17 2.14. Taxes 31 28 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 30 SECTION 2.16. 33 SECTION 2.19 Use of Proceeds 33 30 SECTION 2.20 2.17. Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Termination Date 30 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 32 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Credit Borrowing, Issuance Increase Date and Commitment Increase 36 Extension Date 34 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 34 SECTION 3.04 3.04. Determinations Under Section 3.01 37 ARTICLE IV35
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving A Advances and Letters of Credit 19 11 SECTION 2.02 2.02. Making the Revolving A Advances 20 11 SECTION 2.03 Swingline Loans 21 2.03. The B Advances 13 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 2.04. Facility Fees 17 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 17 SECTION 2.09 2.06. Repayment 27 of A Advances 17 SECTION 2.10 2.07. Interest 27 on A Advances 18 SECTION 2.11 2.08. Additional Interest on Eurodollar Rate Advances 18 SECTION 2.09. Interest Rate Determination 28 19 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional 2.10. Prepayments of Revolving A Advances 29 19 SECTION 2.14 2.11. Increased Costs 29 Costs, Etc. 19 SECTION 2.15 Illegality 30 SECTION 2.16 2.12. Payments and Computations 30 21 SECTION 2.17 2.13. Taxes 31 22 SECTION 2.18 2.14. Sharing of Payments, Etc. 33 25 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 2.15. Increase in the Aggregate Revolving Commitments 34 25 SECTION 2.22 2.16. Extension of Termination Date 27 SECTION 2.17. Evidence of Debt 35 29 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 Conditions 3.01. Condition Precedent to Effectiveness of Sections Section 2.01 and 2.05 35 29 SECTION 3.02 3.02. Conditions Precedent to Each Revolving A Borrowing, Issuance and Commitment Increase 36 and Extension Date 30 SECTION 3.03 3.03. Conditions Precedent to Each CAF B Borrowing 37 31 SECTION 3.04 3.04. Determinations Under Section 3.01 37 31 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. SECTION AND THE LETTERS OF CREDIT Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION 34 Section 2.02 Making the Revolving Advances 20 SECTION 34 Section 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 37 Section 2.04 Repayment of Advances 42 Section 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 42 Section 2.06 Prepayments 43 Section 2.07 Interest 44 Section 2.08 Fees 45 Section 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 45 Section 2.10 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs, Etc 47 Section 2.11 Payments and Computations 30 SECTION 2.17 48 Section 2.12 Taxes 31 SECTION 2.18 49 Section 2.13 Sharing of Payments, Etc. 33 SECTION 2.19 Etc 51 Section 2.14 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 52 Section 2.15 Defaulting Lenders 52 Section 2.16 Evidence of Debt 35 54 Section 2.17 Priority and Liens 54 Section 2.18 Payment of Obligations 55 Section 2.19 No Discharge: Survival of Claims 55 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 56 Section 3.02 Conditions Precedent to Each Revolving Borrowing, Borrowing and Each Issuance and Commitment Increase 36 SECTION of a Letter of Credit 58 Section 3.03 Conditions Precedent to Each CAF the Term Borrowing 37 SECTION 59 Section 3.04 Determinations Under Sections 3.01 and 3.03 60 Section 3.01 37 ARTICLE IV3.05 Conditions Precedent to the Amendment and Restatement Effective Date; Effect of Amendment and Restatement 60
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 21 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 SECTION 2.03 Swingline Loans 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 2.03. The CAF Competitive Bid Advances 23 SECTION 2.06 Competitive Bid Procedure 23 2.04. Fees 27 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 28 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 28 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 28 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 29 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 30 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 31 SECTION 2.14 2.11. Increased Costs 29 32 SECTION 2.15 2.12. Illegality 30 32 SECTION 2.16 2.13. Payments and Computations 30 33 SECTION 2.17 2.14. Taxes 31 34 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 36 SECTION 2.19 Use 2.16. Extensions of Proceeds 33 Termination Date and Final Maturity Date 37 SECTION 2.20 Extension Option 33 2.17. Substitution of Lender 38 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 38 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 39 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase 36 to Extension of the Final Maturity Date 40 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 40 SECTION 3.04 3.04. Determinations Under Section 3.01 37 41 SECTION 3.05. Labor Dispute 41 ARTICLE IV
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 16 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 16 SECTION 2.03 Swingline Loans 21 2.03. The Competitive Bid Advances 18 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 2.04. Fees 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 23 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 23 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 23 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 24 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 25 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 26 SECTION 2.14 2.11. Increased Costs 29 27 SECTION 2.15 2.12. Illegality 30 27 SECTION 2.16 2.13. Payments and Computations 30 28 SECTION 2.17 2.14. Taxes 31 29 SECTION 2.18 2.15. Sharing of Payments, EtcEtc 31 SECTION 2.16. Extensions of Termination Date and Final Maturity Date 32 SECTION 2.17. Substitution of Lender 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 33 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 34 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase 36 to Extension of the Final Maturity Date 35 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 35 SECTION 3.04 3.04. Determinations Under Section 3.01 37 36 SECTION 3.05. Labor Dispute 36 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES SECTION 4.01. Representations and Warranties of the Borrower 36 ARTICLE V COVENANTS OF THE BORROWER SECTION 5.01. Affirmative Covenants 39 SECTION 5.02. Negative Covenants 42 ARTICLE VI EVENTS OF DEFAULT SECTION 6.01. Events of Default 43 ARTICLE VII THE AGENT SECTION 7.01. Authorization and Authority 45 SECTION 7.02. Agent Individually 45 SECTION 7.03. Duties of Agent; Exculpatory Provisions 46 SECTION 7.04. Reliance by Agent 47 SECTION 7.05. Delegation of Duties 47 SECTION 7.06. Resignation of Agent 47 SECTION 7.07. Non-Reliance on Agent and Other Lenders 48 SECTION 7.08. No Other Duties, etc 49 ARTICLE VIII MISCELLANEOUS SECTION 8.01. Amendments, Etc 49 SECTION 8.02. Notices, Etc 49 SECTION 8.03. No Waiver; Remedies 51 SECTION 8.04. Costs and Expenses 51 SECTION 8.05. Right of Setoff 53 SECTION 8.06. Binding Effect 54 SECTION 8.07. Assignments, Designations and Participations 54 SECTION 8.08. Confidentiality 58 SECTION 8.09. Governing Law 59 SECTION 8.10. Execution in Counterparts 59 SECTION 8.11. Jurisdiction, Etc 59 SECTION 8.12. Judgment 60 SECTION 8.13. Substitution of Currency 60 SECTION 8.14. Patriot Act Notice 61 SECTION 8.15. No Advisory or Fiduciary Responsibility 61 SCHEDULE Schedule I - Applicable Lending Offices EXHIBITS Exhibit A-1 - Form of Revolving Credit Note Exhibit A-2 - Form of Competitive Bid Note Exhibit B-1 - Form of Notice of Revolving Credit Borrowing Exhibit B-2 - Form of Notice of Competitive Bid Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Designation Agreement Exhibit E - Form of Opinion of Counsel for the Borrower Exhibit F - Debenture Indenture 364-DAY CREDIT AGREEMENT Dated as of April 17, 2008 UNITED PARCEL SERVICE, INC., a Delaware corporation (the “Borrower”), the banks, financial institutions and other institutional lenders (collectively, the “Initial Lenders”) listed on the signature pages hereof, Citibank, N.A. (“Citibank”), as administrative agent (in such capacity, the “Agent”) for the Lenders (as hereinafter defined), JPMorgan Chase Bank, N.A., as syndication agent, Barclays Bank PLC and BNP Paribas, as co-documentation agents, and Citigroup Global Markets Inc. and X.X. Xxxxxx Securities Inc., as joint arrangers and book managers (in such capacity, the “Arrangers”), agree as follows:
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving A Advances and Letters 13 SECTION 2.02. Making the A Advances 13 SECTION 2.03. The B Advances 14 SECTION 2.04. Fees 17 SECTION 2.05. Reduction of Credit the Commitments 18 SECTION 2.06. Repayment of A Advances 18 SECTION 2.07. Interest on A Advances 18 SECTION 2.08. Additional Interest on Eurodollar Rate Advances 18 SECTION 2.09. Interest Rate Determination 19 SECTION 2.02 Making the Revolving 2.10. Voluntary Conversion of A Advances 20 SECTION 2.03 Swingline Loans 2.11. Prepayments of A Advances 20 SECTION 2.12. Increased Costs 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 2.13. Illegality 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 2.14. Payments and Computations 30 22 SECTION 2.17 2.15. Taxes 31 23 SECTION 2.18 2.16. Sharing of Payments, Etc. 33 SECTION 2.19 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Etc 24 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Closing 25 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 A Borrowing 27 SECTION 3.03 3.03. Conditions Precedent to Each CAF B Borrowing 37 27 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV3.04. Reliance on Certificates 28
Appears in 1 contract
Amounts and Terms of the Advances. 20 SECTION 2.01 2.01. The Revolving Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving A Advances 20 SECTION 2.03 Swingline Loans 2.02. Making the A Advances 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 2.03. The B Advances 22 SECTION 2.05 The CAF Advances 23 2.04. Fees 25 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or 2.05. Reduction of the Revolving Commitments 26 SECTION 2.09 2.06. Repayment of A Advances 26 SECTION 2.07. Interest on the A Advances 27 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 and Protection 30 SECTION 2.12 Optional 2.09. Voluntary Conversion of Revolving A Advances 29 31 SECTION 2.13 Optional 2.10. Prepayments of Revolving A Advances 29 32 SECTION 2.14 2.11. Increased Costs 29 Costs, Etc. 34 SECTION 2.15 2.12. Illegality 30 36 SECTION 2.16 2.13. Payments and Computations 30 36 SECTION 2.17 2.14. Taxes 31 38 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 40 SECTION 2.19 2.16. Additional Interest on Eurodollar Rate Advances 40 SECTION 2.17. Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 40 ARTICLE III CONDITIONS TO EFFECTIVENESS AND OF LENDING 41 SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 Initial Advances 41 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 A Borrowing 43 SECTION 3.03 3.03. Conditions Precedent to Each CAF B Borrowing 37 44 SECTION 3.04 3.04. Conditions Precedent to Borrowings for the Xxxxx Acquisitions 44 SECTION 3.05. Conditions Precedent to Borrowings for an Approved Acquisition 45 SECTION 3.06. Determinations Under Section 3.01 37 ARTICLE IV46
Appears in 1 contract
Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 18 SECTION 2.02 Making the Revolving Advances 18 SECTION 2.03 Fees 20 SECTION 2.03 Swingline Loans 2.04 Reduction of the Commitments 20 SECTION 2.05 Repayment of Advances 21 SECTION 2.04 Issuance 2.06 Interest on Advances 21 SECTION 2.07 [Intentionally Omitted.] 21 SECTION 2.08 Interest Rate Determination 21 SECTION 2.09 Optional Conversion of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 2.10 Prepayments of Advances 23 SECTION 2.07 Fees 2.11 Increased Costs 24 SECTION 2.12 Illegality 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 30 27 SECTION 2.17 2.14 Taxes 31 28 SECTION 2.18 2.15 Sharing of Payments, Etc. etc 33 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 33 SECTION 2.17 Evidence of Debt 34 SECTION 2.18 Use of Proceeds 33 35 SECTION 2.19 [Intentionally Omitted.] 35 SECTION 2.20 Extension Option 33 of Scheduled Termination Date 35 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 Defaulting Lenders 38 SECTION 2.22 Evidence of Debt 35 Term-Out Option 39 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVIII
Appears in 1 contract
Samples: Credit Agreement (Walt Disney Co/)
Amounts and Terms of the Advances. SECTION 10 Section 2.01 The Revolving Advances and Letters of Credit 19 SECTION Advances. 10 Section 2.02 Making the Revolving Advances 20 SECTION Credit Advances. 10 Section 2.03 Swingline Loans 21 SECTION [Reserved]. 11 Section 2.04 Issuance Fees. 11 Section 2.05 Termination, Reduction or Increase of and Drawings and Reimbursement Under Letters Commitments. 11 Section 2.06 Repayment of Revolving Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION Advances; Extension of Termination Date. 14 Section 2.07 Fees 26 SECTION Interest on Revolving Credit Advances. 15 Section 2.08 Termination or Reduction of the Revolving Commitments 26 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Determination. 15 Section 2.09 Optional Conversion or Continuation of Revolving Advances 29 SECTION 2.13 Credit Advances. 16 Section 2.10 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Credit Advances. 17 Section 2.11 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Costs. 17 Section 2.12 Illegality. 18 Section 2.13 Payments and Computations 30 SECTION 2.17 Taxes 31 SECTION 2.18 Computations; Evidence of Advances. 18 Section 2.14 Taxes. 19 Section 2.15 Sharing of Payments, Etc. 33 SECTION 2.19 22 Section 2.16 Use of Proceeds 33 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 Evidence of Debt 35 Proceeds. 22 Section 2.17 Borrowings by Borrowing Subsidiaries. 22 Section 2.18 License Agreement and CDS Data. 24 Section 2.19 Defaulting Lenders. 24 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 26 Section 3.01 Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 SECTION Effectiveness. 26 Section 3.02 Conditions Precedent to Each Revolving Credit Borrowing, Issuance and Commitment Increase 36 SECTION . 27 Section 3.03 Conditions Precedent to Each CAF Borrowing 37 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IV3.01. 27
Appears in 1 contract
Samples: Credit Agreement (Pepsico Inc)
Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 16 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 17 SECTION 2.03 Swingline Loans 21 2.03. The Competitive Bid Advances 19 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 2.04. Fees 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 23 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 24 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 24 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 24 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 26 SECTION 2.13 Optional 2.10. Prepayments of Revolving Advances 29 26 SECTION 2.14 2.11. Increased Costs 29 27 SECTION 2.15 2.12. Illegality 30 28 SECTION 2.16 2.13. Payments and Computations 28 SECTION 2.14. Taxes 30 SECTION 2.17 Taxes 31 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 32 SECTION 2.19 Use 2.16. Extensions of Proceeds 33 Termination Date and Final Maturity Date 32 SECTION 2.20 Extension Option 33 SECTION 2.21 Increase in the Aggregate Revolving Commitments 2.17. Substitution of Lender 34 SECTION 2.22 2.18. Evidence of Debt 35 34 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 2.03 35 SECTION 3.02 3.02. Conditions Precedent to Each Revolving Borrowing, Issuance Credit Borrowing and Commitment Increase to Extension of the Final Maturity Date 36 SECTION 3.03 3.03. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 36 SECTION 3.04 3.04. Determinations Under Section 3.01 37 SECTION 3.05. Labor Dispute 37 ARTICLE IV
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Amounts and Terms of the Advances. SECTION 2.01 The Revolving Advances and Letters of Credit 19 SECTION 2.02 Making the Revolving Advances 20 19 SECTION 2.03 Swingline Loans Commitment Fee 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 Termination or Reduction of the Revolving Commitments 26 21 SECTION 2.05 Repayment of Advances 21 SECTION 2.06 Interest on Advances 22 SECTION 2.07 [Intentionally Omitted.] 22 SECTION 2.08 Interest Rate and Letter of Credit Determination 22 SECTION 2.09 Repayment 27 SECTION 2.10 Interest 27 SECTION 2.11 Interest Rate Determination 28 SECTION 2.12 Optional Conversion of Revolving Advances 29 24 SECTION 2.10 Prepayments of Advances 24 SECTION 2.11 Increased Costs 26 SECTION 2.12 Illegality 28 SECTION 2.13 Optional Prepayments of Revolving Advances 29 SECTION 2.14 Increased Costs 29 SECTION 2.15 Illegality 30 SECTION 2.16 Payments and Computations 28 SECTION 2.14 Taxes 30 SECTION 2.17 Taxes 31 SECTION 2.18 2.15 Sharing of Payments, Etc. 33 etc 35 SECTION 2.19 2.16 Mandatory Assignment by a Lender; Mitigation 35 SECTION 2.17 Evidence of Debt 36 SECTION 2.18 Use of Proceeds 33 37 SECTION 2.20 Extension Option 33 SECTION 2.21 2.19 Increase in the Aggregate Revolving Commitments 34 37 SECTION 2.22 Evidence 2.20 Extension of Debt 35 Termination Date 39 SECTION 2.21 Defaulting Lenders 41 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING Amounts and Terms of Letters of Credit and Participations Therein SECTION 3.01 Conditions Precedent to Effectiveness Letters of Sections 2.01 and 2.05 35 Credit 44 SECTION 3.02 Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Issuing the Letters of Credit 46 SECTION 3.03 Conditions Precedent to Each CAF Borrowing 37 Reimbursement Obligations 46 SECTION 3.04 Determinations Under Section 3.01 37 ARTICLE IVParticipations Purchased by the Lenders 47
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Amounts and Terms of the Advances. SECTION 2.01 2.01. The Revolving Credit Advances and Letters of Credit 19 15 SECTION 2.02 2.02. Making the Revolving Credit Advances 20 16 SECTION 2.03 Swingline Loans 2.03. The Competitive Bid Advances 17 SECTION 2.04. Fees 21 SECTION 2.04 Issuance of and Drawings and Reimbursement Under Letters of Credit 22 SECTION 2.05 The CAF Advances 23 SECTION 2.06 Competitive Bid Procedure 23 SECTION 2.07 Fees 26 SECTION 2.08 2.05. Termination or Reduction of the Commitments 21 SECTION 2.06. Repayment of Revolving Commitments 26 Credit Advances 22 SECTION 2.09 Repayment 27 2.07. Interest on Revolving Credit Advances 22 SECTION 2.10 Interest 27 SECTION 2.11 2.08. Interest Rate Determination 28 23 SECTION 2.12 2.09. Optional Conversion of Revolving Credit Advances 29 24 SECTION 2.13 2.10. Optional Prepayments of Revolving Credit Advances 29 25 SECTION 2.14 2.11. Increased Costs 29 25 SECTION 2.15 2.12. Illegality 30 27 SECTION 2.16 2.13. Payments and Computations 30 28 SECTION 2.17 2.14. Taxes 31 29 SECTION 2.18 2.15. Sharing of Payments, Etc. 33 31 SECTION 2.19 2.16. Use of Proceeds 33 32 SECTION 2.20 Extension Option 33 2.17. Mandatory Assignment by a Lender; Mitigation 32 SECTION 2.21 Increase in the Aggregate Revolving Commitments 34 SECTION 2.22 2.18. Evidence of Debt 35 33 SECTION 2.19. [Reserved] 34 SECTION 2.20. Defaulting Lenders 34 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.05 35 2.03 36 SECTION 3.02 3.02. Initial Borrowing of Each Designated Subsidiary 37 SECTION 3.03. Conditions Precedent to Each Revolving Borrowing, Issuance and Commitment Increase 36 Credit Borrowing 38 SECTION 3.03 3.04. Conditions Precedent to Each CAF Competitive Bid Borrowing 37 38 SECTION 3.04 3.05. Determinations Under Section 3.01 37 39 ARTICLE IVIV REPRESENTATIONS AND WARRANTIES SECTION 4.01. Representations and Warranties of the Company 39 ARTICLE V COVENANTS OF THE COMPANY SECTION 5.01. Affirmative Covenants 41 SECTION 5.02. Negative Covenants 45 SECTION 5.03. Financial Covenant 46 ARTICLE VI EVENTS OF DEFAULT SECTION 6.01. Events of Default 47 ARTICLE VII GUARANTY SECTION 7.01. Guaranty 49 SECTION 7.02. Guaranty Absolute 49 SECTION 7.03. Waivers and Acknowledgments 50 SECTION 7.04. Subrogation 50 SECTION 7.05. Continuing Guaranty; Assignments Under the Credit Agreement 51 SECTION 7.06. No Stay 51 ARTICLE VIII THE AGENT SECTION 8.01. Authorization and Authority 52 SECTION 8.02. Rights as a Lender. 52 SECTION 8.03. Exculpatory Provisions 52 SECTION 8.04. Reliance by Agent 53 SECTION 8.05. Delegation of Duties 53 SECTION 8.06. Resignation of Agent 53 SECTION 8.07. Non-Reliance on Agent and Other Lenders 54 SECTION 8.08. No Other Duties, Etc 55 SECTION 8.09. Lender ERISA Matters 55 ARTICLE IX MISCELLANEOUS SECTION 9.01. Amendments, Etc. 55 SECTION 9.02. Notices, Etc. 56 SECTION 9.03. No Waiver; Remedies 58 SECTION 9.04. Costs and Expenses 59 SECTION 9.05. Right of Set‑off 61 SECTION 9.06. Binding Effect 62 SECTION 9.07. Assignments, Designations and Participations, 62 SECTION 9.08. Designated Subsidiaries 66 SECTION 9.09. Confidentiality 67 SECTION 9.10. Governing Law 68 SECTION 9.11. Execution in Counterparts 68 SECTION 9.12. Jurisdiction, Etc. 68 SECTION 9.13. Patriot Act 69 SECTION 9.14. Survival of Representations and Warranties 69 SECTION 9.15. Severability 69 SECTION 9.16. No Advisory or Fiduciary Responsibility 69 SECTION 9.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 70 SECTION 9.18. Waiver of Jury Trial 71 SCHEDULES Schedule I – Commitments Schedule 4.01(c) - Required Authorizations and Approvals 10.02 - Agent’s Office; Certain Addresses for Notices EXHIBITS Exhibit A-1 - Form of Revolving Credit Note Exhibit A-2 - Form of Competitive Bid Note Exhibit B-1 - Form of Notice of Revolving Credit Borrowing Exhibit B-2 - Form of Notice of Competitive Bid Borrowing Exhibit C - Form of Assignment and Assumption Exhibit D - [Reserved] Exhibit E - Form of Designation Letter Exhibit F - Form of Acceptance by Process Agent Exhibit G - Form of Opinion of General Counsel of the Company Exhibit H - Form of Opinion of Counsel to a Designated Subsidiary 364 DAY CREDIT AGREEMENT Dated as of January 8, 2018 THE HERSHEY COMPANY, a Delaware corporation (the “Company”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, and CITIBANK, N.A. (“Citibank”), as administrative agent (or any successor thereto, the “Agent”) for the Lenders (as hereinafter defined), BANK OF AMERICA, N.A., as syndication agent, ROYAL BANK OF CANADA, as documentation agent, and CITIGROUP GLOBAL MARKETS INC. and XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED, as joint lead arrangers and joint book managers (the “Arrangers”), agree as follows:
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Samples: Credit Agreement (Hershey Co)
