Dividends Received Sample Clauses
Dividends Received. Cause (x) all dividends, distributions and proceeds received in respect of the Collateral Shares, whether in cash, securities or other property, to be promptly deposited into the Collateral Account and applied in accordance with the Loan Documents and (y) all Underlying Equity owned by the Parent Guarantor and its Subsidiaries at any time to be promptly deposited into the Collateral Account.
Dividends Received. $19.4=====$18.2===== $19.8=====$14.5===== $22.3=====$10.1===== LONG-TERM DEBT The following table summarizes the long-term debt of the Company at December 31, 2001 and 2000: -------- -------- Secured Credit Agreement: Revolving Credit Facility: Revolving Loans $2,410.4 Term Loan 1,045.0 Second Amended and Restated Credit Agreement Revolving Credit Facility: Revolving Loans......................................... $2,857.0 Offshore Loans:
Dividends Received. $18.9=====$18.2===== $18.7=====$13.9===== $21.0=====$ 9.7===== EXTERNAL LONG-TERM DEBT The following table summarizes the external long-term debt of the Company at December 31, 2001 and 2000: 2001 2000 -------- -------- Secured Credit Agreement: Revolving Credit Facility $1,560.4 Term Loan 1,045.0 Second Amended and Restated Credit Agreement: Revolving Credit Facility: Offshore Loans: In April 2001, OI Group and certain of its subsidiaries, including the Company and certain of its foreign subsidiaries (the "Borrowers") entered into the Secured Credit Agreement (the "Agreement") with a group of banks, which expires on March 31, 2004. The Agreement provides for a $3.0 billion revolving credit facility (the "Revolving Credit Facility") and a $1.5 billion term loan (the "Term Loan"). The Agreement includes an Overdraft Account Facility providing for aggregate borrowings up to $50 million which reduce the amount available for borrowing under the Revolving Credit Facility. The Agreement also provides for the issuance of letters of credit totaling up to $500 million, which also reduce the amount available for borrowings under the Revolving Credit Facility. Under the Secured Credit Agreement, the Company and its subsidiaries have a total commitment of $2.0 billion provided by the Revolving Credit Facility and a total commitment of $1.045 billion provided by the Term Loan. At December 31, 2001, the Company and its subsidiaries had unused credit of $341.2 million available under the Secured Credit Agreement. Prior to April 2001, the Company's significant domestic financing was provided by OI Inc. under the April 1998 Second Amended and Restated Credit Agreement through intercompany loans. Borrowings under the Secured Credit Agreement by the Company, its subsidiaries and certain other domestic subsidiaries of OI Group were used to repay all amounts outstanding under, and terminate the Second Amended and Restated Credit Agreement. The interest rate on borrowings under the Revolving Credit Facility is, at the Borrower's option, the Base Rate or a reserve adjusted Eurodollar rate. The interest rate on borrowings under the Revolving Credit Facility also includes a margin linked to the Company's Consolidated Leverage Ratio, as defined in the Agreement. The margin is limited to ranges of 1.75% to 2.00% for Eurodollar loans and .75% to 1.00% for Base Rate loans. The interest rate on Overdraft Account loans is the Base Rate minus .50%. The weighted average interest rate on b...
Dividends Received. $18.9=====$18.2===== $18.7=====$13.9===== $21.0=====$ 9.7===== EXTERNAL LONG-TERM DEBT The following table summarizes the external long-term debt of the Company at December 31, 2001 and 2000: 2001 2000 -------- -------- Secured Credit Agreement: Revolving Credit Facility $1,560.4 Term Loan 1,045.0 Second Amended and Restated Credit Agreement: Revolving Credit Facility: Offshore Loans: Australian Dollars 1.39 billion..................................... $ 775.3 British Pounds 125.0 million.................................... 186.8 Italian Lira 18.0 billion..................................... 8.7