AMENDED AND RESTATED
CREDIT AGREEMENT
among
DIAGNOSTICS HOLDING, INC.,
DADE INTERNATIONAL INC.,
VARIOUS LENDING INSTITUTIONS,
THE BANK OF NOVA SCOTIA,
THE BANK OF TOKYO-MITSUBISHI TRUST COMPANY,
THE FIRST NATIONAL BANK OF BOSTON,
GE CAPITAL COMMERCIAL FINANCE
AND SANWA BUSINESS CREDIT CORPORATION, AS CO-AGENTS,
and
BANKERS TRUST COMPANY,
AS AGENT
________________________________
Dated as of May 7, 1996
and
Amended and Restated as of April 29, 1997
________________________________
$564,140,000
TABLE OF CONTENTS
Page
SECTION 1. Amount and Terms of Credit.................. 1
1.01 Commitments.................................. 1
1.02 Minimum Borrowing Amounts, etc............... 4
1.03 Notice of Borrowing.......................... 5
1.04 Disbursement of Funds........................ 5
1.05 Notes........................................ 6
1.06 Conversions.................................. 8
1.07 Pro Rata Borrowings.......................... 9
1.08 Interest..................................... 9
1.09 Interest Periods............................. 10
1.10 Increased Costs, Illegality, etc............. 11
1.11 Compensation................................. 13
1.12 Change of Lending Office..................... 14
1.13 Replacement of Banks......................... 14
SECTION 2. Letters of Credit........................... 15
2.01 Letters of Credit............................ 15
2.02 Letter of Credit Requests; Notices of Issu-
ance......................................... 17
2.03 Agreement to Repay Letter of Credit Draw-
ings......................................... 17
2.04 Letter of Credit Participations.............. 18
2.05 Increased Costs.............................. 20
SECTION 3. Fees; Commitments........................... 21
3.01 Fees......................................... 21
3.02 Voluntary Termination or Reduction of Total
Unutilized Revolving Loan Commitment......... 22
3.03 Mandatory Adjustments of Commitments, etc.... 22
SECTION 4. Payments.................................... 24
4.01 Voluntary Prepayments........................ 24
4.02 Mandatory Prepayments........................ 25
4.03 Method and Place of Payment.................. 34
4.04 Net Payments................................. 34
SECTION 5. Conditions Precedent........................ 36
5.01 Execution of Agreement; Notes................ 36
5.02 No Default; Representations and Warranties... 36
5.03 Officer's Certificate........................ 37
5.04 Notice of Borrowing; Letter of Credit Re-
quest........................................ 37
5.05 Corporate Proceedings........................ 37
5.06 Adverse Change, etc.......................... 37
5.07 Litigation................................... 37
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Page
5.08 Approvals.................................... 38
5.09 Consummation of the Transaction.............. 38
5.10 Acknowledgements, etc........................ 39
5.11 Subsidiary Guaranty.......................... 40
5.12 Plans; Collective Bargaining Agreements;
Existing Indebtedness Agreements;
Shareholders' Agreements; Management
Agreements; Employment Agreements; Non-
Compete Agreements; Tax Allocation
Agreements; Material Contracts............... 40
5.13 Existing Indebtedness........................ 41
5.14 Payment of Fees.............................. 42
SECTION 6. Representations, Warranties and Agreements.. 42
6.01 Corporate Status............................. 42
6.02 Corporate Power and Authority................ 42
6.03 No Violation................................. 43
6.04 Litigation................................... 43
6.05 Use of Proceeds; Margin Regulations.......... 43
6.06 Governmental Approvals....................... 44
6.07 Investment Company Act....................... 44
6.08 Public Utility Holding Company Act........... 44
6.09 True and Complete Disclosure................. 44
6.10 Financial Condition; Financial Statements.... 44
6.11 Security Interests........................... 46
6.12 Representations and Warranties in Other
Documents.................................... 46
6.13 Transaction and Original Transaction......... 46
6.14 Special Purpose Corporation.................. 47
6.15 Compliance with ERISA........................ 47
6.16 Capitalization............................... 48
6.17 Subsidiaries................................. 49
6.18 Intellectual Property........................ 49
6.19 Compliance with Statutes, etc................ 49
6.20 Environmental Matters........................ 49
6.21 Properties................................... 50
6.22 Labor Relations.............................. 50
6.23 Tax Returns and Payments..................... 51
6.24 Existing Indebtedness........................ 51
6.25 Subordination................................ 52
SECTION 7. Affirmative Covenants....................... 52
7.01 Information Covenants........................ 52
7.02 Books, Records and Inspections............... 55
7.03 Insurance.................................... 56
7.04 Payment of Taxes............................. 56
7.05 Corporate Franchises......................... 56
7.06 Compliance with Statutes, etc................ 56
7.07 Compliance with Environmental Laws........... 57
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