Common use of Payments Generally Clause in Contracts

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76

Appears in 5 contracts

Samples: Credit Agreement (Crested Corp), Credit Agreement (Us Energy Corp), Credit Agreement (Us Energy Corp)

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Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption Offs 44 2.18 Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 46 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent III GUARANTEE BY GUARANTORS 46 3.1 The Guarantee 46 3.2 Obligations Unconditional 47 3.3 Reinstatement 47 3.4 Subrogation 48 3.5 Remedies 48 3.6 Instrument for the Benefit Payment of the Lender 31 Section 7.05 No Waiver 31 Money 48 3.7 Continuing Guarantee 48 3.8 Rights of Contribution 48 3.9 General Limitation on Guarantee Obligations 49 ARTICLE VIII IV REPRESENTATIONS AND WARRANTIES 31 Section 8.01 49 4.1 Organization; Powers 31 Section 8.02 Authority49 4.2 Authorization; Enforceability 31 Section 8.03 49 4.3 Governmental Approvals; No Conflicts 31 Section 8.04 49 4.4 Financial Condition; No Material Adverse Change 32 Section 8.05 49 4.5 Properties 50 4.6 Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 51 4.7 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 51 4.8 Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Section 8.10 Status 51 4.9 Taxes 34 Section 8.11 51 4.10 ERISA 34 Section 8.12 Disclosure; No 51 4.11 Disclosure 52 4.12 Capitalization 52 4.13 Subsidiaries 52 4.14 Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Indebtedness, Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location and Agreements 52 4.15 Holding Company Notes Indenture 53 4.16 Federal Reserve Regulations 53 4.17 Burdensome Restrictions 53 4.18 Force Majeure 53 4.19 Labor and Employment Matters 53 ARTICLE V CONDITIONS 54 5.1 Effective Date 54 5.2 Refunding Borrowing Date 59 5.3 Each Extension of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Credit 60 ARTICLE IX VI AFFIRMATIVE COVENANTS 41 Section 9.01 60 6.1 Financial Statements; Statements and Other Information 41 Section 9.02 61 6.2 Notices of Material Events 44 Section 9.03 63 6.3 Existence; Conduct of Business 45 Section 9.04 64 6.4 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 64 6.5 Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 64 6.6 Books and Records; Inspection Rights 46 Section 9.09 64 6.7 Fiscal Year 65 6.8 Compliance with Laws 47 Section 9.10 65 6.9 Use of Proceeds 65 6.10 Certain Obligations Respecting Subsidiaries and Collateral Security 65 6.11 ERISA 66 6.12 Environmental Matters; Reporting 66 6.13 Conforming Leasehold Interests; Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Relating to Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Real Property Collateral 66 ARTICLE X VII NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 68 7.1 Indebtedness 68 7.2 Liens 53 Section 10.04 Redemptions 53 Section 10.05 69 7.3 Contingent Liabilities 70 7.4 Fundamental Changes 70 7.5 Investments, Loans ; Hedging Agreements 71 7.6 Restricted Junior Payments and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Cash Flow Distributions 71 7.7 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 73 7.8 Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take73 7.9 Certain Financial Covenants 74 7.10 Lines of Business 75 7.11 Management Compensation 75 7.12 Subordinated Indebtedness 75 7.13 Modifications of Certain Documents 75 7.14 Sale-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Leaseback Transactions 76 7.15 Real Property Leases 76 ARTICLE XI VIII EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 DEFAULT 76 8.1 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 76 8.2 Receivership 79 ii ARTICLE XII IX THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties 79 9.1 Appointment and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents Authorization 79 9.2 Agent's Rights as Lenders 64 Section 12.08 No 79 9.3 Duties As Expressly Stated 80 9.4 Reliance 64 Section 12.09 Authority By Agents 80 9.5 Action Through Sub-Agents 80 9.6 Resignation of Administrative Agent to Release Collateral and Liens 65 Appointment of Successor Agent 80 9.7 Lenders' Independent Decisions 81 9.8 Documentation Agent 81 9.9 Indemnification 81 9.10 Consents Under Other Loan Documents 82 ARTICLE XIII X MISCELLANEOUS 65 Section 13.01 82 10.1 Notices 65 Section 13.02 82 10.2 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7682

Appears in 2 contracts

Samples: Credit Agreement (Affinity Group Inc), Credit Agreement (Affinity Group Holding, Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 17 Section 4.02 Presumption of Payment by 2.14 Increased Costs 18 Section 2.15 Basis for Determining Interest Rate for the Borrower 23 Loan If Inadequate or Unfair 19 Section 4.03 Certain Deductions by the Administrative Agent 23 2.16 Illegality 19 Section 2.17 Regulation D Compensation 19 Section 2.18 Taxes 19 ARTICLE V INCREASED COSTS; TAXES III Representations and Warranties Section 3.01 Organization, etc 24 Section 5.01 Increased Costs 3.02 Authorization; No Conflict 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 3.03 Validity and Binding Nature 25 Section 6.01 Lockbox Account 3.04 Financial Statements 25 Section 6.02 Notice 26 3.05 Liens 25 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 3.06 ERISA 25 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 3.07 Investment Company Act 34 25 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 3.08 Use of Loans 39 Proceeds 25 Section 8.23 Solvency 39 3.09 Regulation U 25 Section 8.24 Casualty Events 39 3.10 Copyrights, Patents and Trademarks 26 Section 8.25 Material Agreements 39 3.11 Pari Passu 26 Section 8.26 No Brokers 40 3.12 Disclosure 26 Section 8.27 Reliance 40 3.13 Taxes 26 Section 8.28 Investments 3.14 OFAC 26 ARTICLE IV Conditions Precedent Section 4.01 Conditions to Effectiveness 27 Section 4.02 Conditions to the Making of the Loan 28 ARTICLE V Borrower’s Covenants Section 5.01 Reports, Certificates and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 30 Section 9.02 Notices 5.02 Books, Records and Inspections 30 Section 5.03 Insurance 30 Section 5.04 Taxes and Liabilities 31 Section 5.05 Liens 31 Section 5.06 [Reserved] 31 Section 5.07 Mergers, Consolidations, Sales 31 Section 5.08 Employee Benefit Plans 32 Section 5.09 Use of Material Events 44 Proceeds 32 Section 9.03 Existence; Conduct 5.10 Other Agreements 32 Section 5.11 Leverage Ratio 32 Section 5.12 Minimum Unrestricted Cash 32 Section 5.13 Indebtedness 32 Section 5.14 Investments 33 Section 5.15 Pari Passu 33 Section 5.16 Consummation of Business 45 the Spin Transactions 33 Section 9.04 Payment of Obligations 45 5.17 OFAC 33 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 5.18 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 34 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VI Events of Default 59 and Their Effect Section 11.02 Remedies 61 6.01 Events of Default 34 Section 11.03 Disposition 6.02 Effect of Proceeds 61 Event of Default 36 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76VIII

Appears in 2 contracts

Samples: Credit Agreement (Sara Lee Corp), Credit Agreement (D.E Master Blenders 1753 B.V.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 433 Section 4.02 Presumption of Payment by the Borrower 23 434 Section 4.03 Certain Payments and Deductions by the Administrative Agent 23 Agent; Defaulting Lenders 434 ARTICLE V INCREASED COSTS; TAXES 24 BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY 437 Section 5.01 Increased Costs 24 437 380 TABLE OF CONTENTS (Continued) Page Section 5.02 Break Funding Payments 438 Section 5.03 Taxes 24 439 Section 5.04 Designation of Different Lending Office 442 Section 5.05 Illegality 442 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT 443 Section 6.01 Lockbox Account 25 Interim Facility Effective Date 443 Section 6.02 Notice 26 Final Facility Effective Date 445 Section 6.03 Casualty Proceeds 27 Conditions Precedent to Each Borrowing 446 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 448 Section 8.01 7.01 Organization; Powers 31 448 Section 8.02 7.02 Authority; Enforceability 31 448 Section 8.03 7.03 Approvals; No Conflicts 31 449 Section 8.04 7.04 Financial ConditionPosition; No Material Adverse Change 32 449 Section 8.05 7.05 Litigation 32 449 Section 8.06 7.06 Environmental Matters 32 450 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 451 Section 8.08 7.08 Investment Company Act 34 451 Section 8.09 Public Utility Holding Company Act 34 7.09 Taxes 451 Section 8.10 Taxes 34 7.10 ERISA 451 Section 8.11 ERISA 34 Section 8.12 7.11 Disclosure; No Material Misstatements 35 452 Section 8.13 7.12 Insurance 36 453 Section 8.14 7.13 Restriction on Liens 36 453 Section 8.15 7.14 Subsidiaries 36 453 Section 8.16 7.15 Location of Business and Offices 36 453 Section 8.17 7.16 Properties; Titles, Etc 37 Etc. 454 Section 8.18 7.17 Maintenance of Properties 38 455 Section 8.19 7.18 Gas Imbalances, Prepayments 38 455 Section 8.20 7.19 Marketing of Production 38 455 Section 8.21 7.20 Swap Agreements 39 455 Section 8.22 7.21 Use of Loans 39 and Letters of Credit 456 Section 8.23 Solvency 39 7.22 [Reserved] 456 Section 8.24 Casualty Events 39 7.23 USA PATRIOT; AML Laws; Anti-Corruption Laws and Sanctions 456 381 TABLE OF CONTENTS (Continued) Page Section 8.25 Material Agreements 39 7.24 International Operations 456 Section 8.26 No Brokers 40 7.25 Accounts 456 Section 8.27 Reliance 40 7.26 [Reserved] 456 Section 8.28 Investments 7.27 [Reserved] 456 Section 7.28 DIP Orders 456 Section 7.29 Budget 456 Section 7.30 Representations and Guaranties 40 Section 8.29 Payments by Purchasers Warranties of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76the Parent Guarantors

Appears in 2 contracts

Samples: Dip Credit Agreement (Legacy Reserves Inc.), Dip Credit Agreement (Legacy Reserves Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 54 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Lenders 56 SECTION 2.20. Borrowing Subsidiaries 57 SECTION 2.21. Additional Reserve Costs 58 SECTION 2.22. Redenomination of Certain Deductions by the Administrative Agent 23 Designated Foreign Currencies 58 SECTION 2.23. Defaulting Lenders 59 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit III Representations and Warranties SECTION 3.01. Organization and Qualification 61 SECTION 3.02. Subsidiaries 62 SECTION 3.03. Corporate Authority and Validity of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 Obligations 62 SECTION 3.04. Margin Stock 62 SECTION 3.05. Financial Condition; Reports 62 SECTION 3.06. No Material Adverse Change 32 Section 8.05 63 SECTION 3.07. Litigation 32 Section 8.06 63 SECTION 3.08. Tax Returns 63 SECTION 3.09. Approvals 63 SECTION 3.10. ERISA 63 SECTION 3.11. Environmental Matters 32 Section 8.07 64 SECTION 3.12. Properties 64 SECTION 3.13. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 64 SECTION 3.14. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 64 SECTION 3.15. Disclosure 64 ARTICLE IV Conditions SECTION 4.01. Effective Date 65 SECTION 4.02. Each Borrowing 66 SECTION 4.03. Initial Extension of Credit to each Borrowing Subsidiary 66 ARTICLE V Affirmative Covenants SECTION 5.01. Corporate Existence 67 SECTION 5.02. Maintenance 67 SECTION 5.03. Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 67 SECTION 5.04. Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 68 SECTION 5.05. Financial Reports and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 68 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 69 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 69 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 SECTION 6.01. Indebtedness 70 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 70 SECTION 6.03. Sale and Leasebacks 55 Section 10.09 Leaseback Transactions 71 SECTION 6.04. Fundamental Changes 72 SECTION 6.05. Use of Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc72 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Interest Expense Coverage Ratio 72 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76IX Guarantee

Appears in 1 contract

Samples: Year Credit Agreement (Kellogg Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 67 Section 4.02 Presumption 2.22. Letters of Payment by the Borrower 23 Credit 68 Section 4.03 Certain Deductions by the Administrative Agent 23 2.23. Cash Collateral; Defaulting Lenders 72 Section 2.24. Incremental Facilities 74 Section 2.25. Mitigation of Obligations 80 Section 2.26. Replacement of Lenders 81 Section 2.27. Application of Payments 81 Section 2.28. Extensions of Revolving Commitments and Term Loans 83 Section 2.29. Reverse Dutch Auction Prepayments 85 Page ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII III CONDITIONS PRECEDENT 27 TO LOANS AND LETTERS OF CREDIT 87 Section 7.01 Initial Funding 27 3.1. Conditions To Effectiveness 87 Section 7.02 Subsequent Fundings 30 3.2. Each Credit Event 89 Section 7.03 All Fundings 30 3.3. Delivery of Documents 90 Section 7.04 Conditions Precedent for the Benefit 3.4. Effect of the Lender 31 Section 7.05 No Waiver 31 Amendment and Restatement 90 ARTICLE VIII IV REPRESENTATIONS AND WARRANTIES 31 91 Section 8.01 Organization4.1. Existence; Powers 31 Power 91 Section 8.02 Authority4.2. Organizational Power; Enforceability 31 Authorization 91 Section 8.03 4.3. Capital Stock and Related Matters 92 Section 4.4. Governmental Approvals; No Conflicts 31 92 Section 8.04 4.5. Financial Condition; No Material Adverse Change 32 Statements 92 Section 8.05 4.6. Liabilities, Litigation 32 Section 8.06 and Environmental Matters 32 93 Section 8.07 4.7. Compliance with the Laws and Agreements; No Defaults 34 Agreements 93 Section 8.08 4.8. Material Contracts 93 Section 4.9. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; TitlesAct, Etc 37 93 Section 8.18 Maintenance 4.10. Taxes 93 Section 4.11. Margin Regulations 94 Section 4.12. ERISA 94 Section 4.13. Ownership of Properties 38 Property; Intellectual Property 94 Section 8.19 Gas Imbalances, Prepayments 38 4.14. Disclosure 95 Section 8.20 Marketing of Production 38 4.15. Labor Relations 95 Section 8.21 Swap Agreements 39 4.16. Subsidiaries and Joint Ventures 95 Section 8.22 4.17. Solvency 95 Section 4.18. EEA Financial Institutions 95 Section 4.19. Patriot Act 96 Section 4.20. Anti-Corruption Laws and Sanctions 96 Section 4.21. Security Interests 96 Section 4.22. Use of Loans 39 Proceeds 96 Section 8.23 Solvency 39 4.23. Licenses; FCC 96 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.24. Beneficial Ownership Certification 97 ARTICLE IX V AFFIRMATIVE COVENANTS 41 97 Section 9.01 5.1. Financial Statements; Statements and Other Information 41 97 Section 9.02 5.2. Notices of Material Events 44 99 Section 9.03 5.3. Existence; Conduct of Business 45 99 Section 9.04 5.4. Compliance with Laws, Etc 100 Section 5.5. Payment of Obligations 45 100 Section 9.05 Performance of Obligations under Loan Documents 45 5.6. Books and Records 100 Section 9.06 Operation and 5.7. Visitation, Inspection, Etc 100 Section 5.8. Maintenance of Properties 45 Properties; Insurance 100 Page Section 9.07 Insurance 46 5.9. Use of Proceeds and Letters of Credit 100 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 5.10. Further Assurances 48 101 Section 9.12 Reserve Reports 48 5.11. The Blocked Accounts 101 Section 9.13 Title Information 49 5.12. Formation of Subsidiaries 101 Section 9.14 Additional Collateral; Additional Guarantors 49 5.13. Real Estate 102 Section 9.15 ERISA Compliance 50 5.14. Post-Closing Obligations 102 Section 9.16 Swap Agreements 51 5.15. Corporate Credit Ratings 103 Section 9.17 Marketing of Production 51 5.16. Conference Calls 103 ARTICLE VI FINANCIAL COVENANTS 103 Section 9.18 Overriding Royalty Interests 51 6.1. [Reserved] 103 Section 9.19 Right of 6.2. First Refusal 52 Lien Net Leverage Ratio 103 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 6.3. Pro Forma Adjustments 103 ARTICLE X VII NEGATIVE COVENANTS 52 104 Section 10.01 Financial Covenants 52 7.1. Indebtedness 104 Section 10.02 Debt 53 7.2. Liens; Negative Pledge 108 Section 10.03 Liens 53 7.3. Fundamental Changes; Permitted Acquisitions 109 Section 10.04 Redemptions 53 Section 10.05 7.4. Investments, Loans and Advances 54 Loans, Etc 110 Section 10.06 Nature of Business 54 7.5. Restricted Payments 111 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc7.6. 56 Section 10.13 Sale of Properties 56 Assets 113 Section 10.14 Environmental Matters 56 Section 10.15 7.7. Transactions with Affiliates 57 114 Section 10.16 Capital Expenditures 57 7.8. Restrictive Agreements 115 Section 10.17 Material Agreements 57 7.9. Sale and Leaseback Transactions 115 Section 10.18 7.10. Business of the Borrower and its Restricted Subsidiaries 57 115 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 7.11. [Reserved] 115 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 7.12. Accounting Changes 115 Section 10.21 Swap Agreements 58 7.13. [Reserved] 116 Section 10.22 Certain Activities 58 7.14. [Reserved] 116 Section 10.23 Net Sales 58 7.15. Waivers and Amendments 116 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 7.16. Bank Accounts 116 ARTICLE XI VIII EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 116 Section 11.01 8.1. Events of Default 59 116 Section 11.02 8.2. Remedies 61 Section 11.03 Disposition of Proceeds 61 118 ARTICLE XII IX THE ADMINISTRATIVE AGENT 62 119 Section 12.02 Duties 9.1. Appointment and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent 119 Section 9.2. Rights as a Lender 120 Page Section 9.3. Exculpatory Provisions. 120 Section 9.4. Reliance by the Administrative Agent 121 Section 9.5. Delegation of Duties 121 Section 9.6. Resignation of Administrative Agent 121 Section 9.7. Non-Reliance on Administrative Agent and Other Lenders 122 Section 9.8. Collateral 122 Section 9.9. Release of Collateral 123 Section 9.10. No Other Duties, etc 124 Section 9.11. Withholding Tax 124 Section 9.12. Administrative Agent May File Proofs of Claim 124 Section 9.13. Right to Release Realize on Collateral and Liens 65 Enforce Guarantee; Credit Bidding 125 Section 9.14. Secured Hedge Agreements and Secured Cash Management Agreements 125 Section 9.15. Authorization to Execute Other Loan Documents; Intercreditor Agreements 125 Section 9.16. Appointment of Successor Administrative Agent. 125 ARTICLE XIII X MISCELLANEOUS 65 127 Section 13.01 10.1. Notices 65 127 Section 13.02 Waivers10.2. Waiver; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76130

Appears in 1 contract

Samples: Credit Agreement (E.W. SCRIPPS Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 64 Section 4.02 Presumption 2.22. Letters of Payment by the Borrower 23 Credit 65 Section 4.03 Certain Deductions by the Administrative Agent 23 2.23. Cash Collateral; Defaulting Lenders 68 Section 2.24. Incremental Facilities 71 Section 2.25. Mitigation of Obligations 77 Section 2.26. Replacement of Lenders 77 Page Section 2.27. Application of Payments 78 Section 2.28. Extensions of Revolving Commitments and Term Loans 79 Section 2.29. Reverse Dutch Auction Prepayments 82 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII III CONDITIONS PRECEDENT 27 TO LOANS AND LETTERS OF CREDIT 83 Section 7.01 Initial Funding 27 3.1. Conditions To Effectiveness 83 Section 7.02 Subsequent Fundings 30 3.2. Each Credit Event 86 Section 7.03 All Fundings 30 3.3. Delivery of Documents 87 Section 7.04 Conditions Precedent for the Benefit 3.4. Effect of the Lender 31 Section 7.05 No Waiver 31 Amendment and Restatement 87 ARTICLE VIII IV REPRESENTATIONS AND WARRANTIES 31 88 Section 8.01 Organization4.1. Existence; Powers 31 Power 88 Section 8.02 Authority4.2. Organizational Power; Enforceability 31 Authorization 88 Section 8.03 4.3. Capital Stock and Related Matters 88 Section 4.4. Governmental Approvals; No Conflicts 31 89 Section 8.04 4.5. Financial Condition; No Material Adverse Change 32 Statements 89 Section 8.05 4.6. Liabilities, Litigation 32 Section 8.06 and Environmental Matters 32 89 Section 8.07 4.7. Compliance with the Laws and Agreements; No Defaults 34 Agreements 90 Section 8.08 4.8. Material Contracts 90 Section 4.9. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; TitlesAct, Etc 37 90 Section 8.18 Maintenance 4.10. Taxes 90 Section 4.11. Margin Regulations 90 Section 4.12. ERISA 91 Section 4.13. Ownership of Properties 38 Property; Intellectual Property 91 Section 8.19 Gas Imbalances, Prepayments 38 4.14. Disclosure 92 Section 8.20 Marketing of Production 38 4.15. Labor Relations 92 Section 8.21 Swap Agreements 39 4.16. Subsidiaries and Joint Ventures 92 Section 8.22 4.17. Solvency 92 Section 4.18. EEA Financial Institutions 92 Section 4.19. Patriot Act 92 Section 4.20. Anti-Corruption Laws and Sanctions 92 Section 4.21. Security Interests 93 Section 4.22. Use of Loans 39 Proceeds 93 Section 8.23 Solvency 39 4.23. Licenses; FCC 93 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.24. Beneficial Ownership Certification 94 ARTICLE IX V AFFIRMATIVE COVENANTS 41 94 Section 9.01 5.1. Financial Statements; Statements and Other Information 41 94 Page Section 9.02 5.2. Notices of Material Events 44 96 Section 9.03 5.3. Existence; Conduct of Business 45 96 Section 9.04 5.4. Compliance with Laws, Etc 97 Section 5.5. Payment of Obligations 45 97 Section 9.05 Performance of Obligations under Loan Documents 45 5.6. Books and Records 97 Section 9.06 Operation and 5.7. Visitation, Inspection, Etc 97 Section 5.8. Maintenance of Properties 45 Properties; Insurance 97 Section 9.07 Insurance 46 5.9. Use of Proceeds and Letters of Credit 97 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 5.10. Further Assurances 48 98 Section 9.12 Reserve Reports 48 5.11. The Blocked Accounts 98 Section 9.13 Title Information 49 5.12. Formation of Subsidiaries 98 Section 9.14 Additional Collateral; Additional Guarantors 49 5.13. Real Estate 99 Section 9.15 ERISA Compliance 50 5.14. Post-Closing Obligations 99 Section 9.16 Swap Agreements 51 5.15. Corporate Credit Ratings 100 Section 9.17 Marketing of Production 51 5.16. Conference Calls 100 ARTICLE VI FINANCIAL COVENANTS 100 Section 9.18 Overriding Royalty Interests 51 6.1. [Reserved] 100 Section 9.19 Right of 6.2. First Refusal 52 Lien Net Leverage Ratio 100 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 6.3. Pro Forma Adjustments 100 ARTICLE X VII NEGATIVE COVENANTS 52 101 Section 10.01 Financial Covenants 52 7.1. Indebtedness 101 Section 10.02 Debt 53 7.2. Liens; Negative Pledge 105 Section 10.03 Liens 53 7.3. Fundamental Changes; Permitted Acquisitions 106 Section 10.04 Redemptions 53 Section 10.05 7.4. Investments, Loans and Advances 54 Loans, Etc 107 Section 10.06 Nature of Business 54 7.5. Restricted Payments 109 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc7.6. 56 Section 10.13 Sale of Properties 56 Assets 110 Section 10.14 Environmental Matters 56 Section 10.15 7.7. Transactions with Affiliates 57 112 Section 10.16 Capital Expenditures 57 7.8. Restrictive Agreements 112 Section 10.17 Material Agreements 57 7.9. Sale and Leaseback Transactions 113 Section 10.18 7.10. Business of the Borrower and its Restricted Subsidiaries 57 113 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 7.11. [Reserved] 113 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 7.12. Accounting Changes 113 Section 10.21 Swap Agreements 58 7.13. [Reserved] 113 Section 10.22 Certain Activities 58 7.14. [Reserved] 113 Section 10.23 Net Sales 58 7.15. Waivers and Amendments 113 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 7.16. Bank Accounts 113 Page ARTICLE XI VIII EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 114 Section 11.01 8.1. Events of Default 59 114 Section 11.02 8.2. Remedies 61 Section 11.03 Disposition of Proceeds 61 116 ARTICLE XII IX THE ADMINISTRATIVE AGENT 62 117 Section 12.02 Duties 9.1. Appointment and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent 117 Section 9.2. Rights as a Lender 117 Section 9.3. Exculpatory Provisions. 118 Section 9.4. Reliance by the Administrative Agent 118 Section 9.5. Delegation of Duties 119 Section 9.6. Resignation of Administrative Agent 119 Section 9.7. Non-Reliance on Administrative Agent and Other Lenders 120 Section 9.8. Collateral 120 Section 9.9. Release of Collateral 120 Section 9.10. No Other Duties, etc 121 Section 9.11. Withholding Tax 121 Section 9.12. Administrative Agent May File Proofs of Claim 122 Section 9.13. Right to Release Realize on Collateral and Liens 65 Enforce Guarantee; Credit Bidding 122 Section 9.14. Secured Hedge Agreements and Secured Cash Management Agreements 123 Section 9.15. Authorization to Execute Other Loan Documents; Intercreditor Agreements 123 Section 9.16. Appointment of Successor Administrative Agent. 123 ARTICLE XIII X MISCELLANEOUS 65 125 Section 13.01 10.1. Notices 65 125 Section 13.02 Waivers10.2. Waiver; Amendments 66 127 Section 13.03 10.3. Expenses, Indemnity; Damage WaiverIndemnification; Limitation of Liability 129 Section 10.4. 66 Section 13.04 Successors and Assigns 68 130 Section 13.05 Survival10.5. Governing Law; RevivalJurisdiction; Reinstatement 71 Consent to Service of Process. 135 Section 13.06 Counterparts; Integration; Effectiveness 71 10.6. WAIVER OF JURY TRIAL 135 Section 13.07 Severability 72 Section 13.08 10.7. Right of Setoff 72 135 Section 13.09 GOVERNING LAW10.8. Counterparts; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Integration 136 Section 13.10 Headings 73 10.9. Survival 136 Section 13.11 10.10. Severability 136 Section 10.11. Confidentiality 73 136 Section 13.12 10.12. Interest Rate Limitation 74 136 Section 13.13 EXCULPATION PROVISIONS 75 10.13. Waiver of Effect of Corporate Seal 136 Section 13.14 Collateral Matters; Swap Agreements 75 10.14. Patriot Act 136 Section 13.15 10.15. Independence of Covenants 136 Page Section 10.16. No Advisory or Fiduciary Relationship 137 Section 10.17. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 138 Section 10.18. Certain ERISA Matters 138 Section 10.19. Acknowledgement Regarding Any Supported QFCs 139 Schedules Schedule I - Applicable Margin and Applicable Percentage Schedule II - Revolving Commitment Amounts Schedule 1.7(a) Taurus Termination Modifications Schedule 4.3 - Equity Interests Schedule 4.4 - Third Party Beneficiaries 76 Section 13.16 Securitization 76Consents Schedule 4.6(a) - Litigation and Liabilities Schedule 4.6(b) - Environmental Matters Schedule 4.8 - Material Contracts Schedule 4.12 - ERISA Matters Schedule 4.13(b) - Intellectual Property Schedule 4.13(c) - Websites Schedule 4.13(d) - Insurance Schedule 4.16 - Subsidiaries Schedule 4.23 - Station Licenses Schedule 4.23(b) - Adverse Actions Schedule 5.11(a) - Deposit Accounts Schedule 5.14 - Post-Closing Obligations Schedule 7.1 - Outstanding Indebtedness Schedule 7.2 - Existing Liens Schedule 7.4 - Existing Investments Schedule 7.7 - Affiliate Transactions Exhibits Exhibit A - Form of Revolving Credit Note Exhibit B - Form of Swingline Note Exhibit C - Form of Master Reaffirmation of Loan Documents Exhibit D - Form of Assignment and Acceptance Exhibit E - Form of Letter Agreement (Blocked Account Agreements) Exhibit F - Form of Perfection Certificate Exhibit G - Form of Discounted Prepayment Option Notice Exhibit H - Form of Lender Participation Notice Exhibit I - Form of Discounted Voluntary Prepayment Notice Exhibit J - Form of Term Loan Note Exhibit 2.4 - Form of Notice of Borrowing Exhibit 2.5 - Form of Notice of Swingline Borrowing Exhibit 2.7 - Form of Notice of Conversion/Continuation Exhibit 2.20A - Form of U.S. Tax Compliance Certificate Exhibit 2.20B - Form of U.S. Tax Compliance Certificate Exhibit 2.20C - Form of U.S. Tax Compliance Certificate Exhibit 2.20D - Form of U.S. Tax Compliance Certificate Exhibit 3.1(b)(ix) - Form of Secretary’s Certificate Exhibit 3.1(b)(xii)- Form of Officer’s Certificate Exhibit 3.1(b)(xx)- Form of Solvency Certificate Exhibit 5.1(d) - Form of Compliance Certificate

Appears in 1 contract

Samples: Credit Agreement (E.W. SCRIPPS Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs Setoffs 18 ARTICLE 3. INTEREST, FEES, YIELD PROTECTION, ETC. 19 Section 3.1 Interest 19 Section 3.2 Interest Elections Relating to Borrowings 20 Section 3.3 Fees 21 Section 3.4 Alternate Rate of Interest 22 Section 4.02 Presumption of Payment by the Borrower 23 3.5 Increased Costs; Illegality 22 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 3.6 Break Funding Payments 24 Section 5.01 Increased Costs 3.7 U.S. Taxes 24 Section 5.02 Taxes 24 3.8 Mitigation Obligations 25 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII 4. REPRESENTATIONS AND WARRANTIES 31 26 Section 8.01 Organization4.1 Corporate Existence; Powers 31 Subsidiaries 26 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals4.2 Corporate and Governmental Authorization; No Conflicts 31 Contravention 26 Section 8.04 4.3 Binding Effect 27 Section 4.4 Financial Condition; No Material Adverse Change 32 Information 27 Section 8.05 4.5 Litigation 32 27 Section 8.06 4.6 Compliance with ERISA 28 Section 4.7 Environmental Matters 32 28 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 4.8 Taxes 28 Section 8.08 4.9 Full Disclosure 28 Section 4.10 Investment Company Act 34 29 Section 8.09 Public Utility Holding Company Act 34 4.11 Federal Reserve Regulations 29 ARTICLE 5. CONDITIONS 29 Section 8.10 Taxes 34 5.1 Effective Date 29 Section 8.11 ERISA 34 5.2 Each Credit Event 30 ARTICLE 6. COVENANTS 30 Section 8.12 Disclosure; No Material Misstatements 35 6.1 Financial Statements and Other Information 31 Section 8.13 Insurance 36 6.2 Maintenance of Property 33 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 6.3 Conduct of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Existence 33 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 6.4 Compliance with Laws 47 33 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 6.5 Negative Pledge Agreements; Dividend Restrictions 57 34 Section 10.20 Gas Imbalances6.6 Consolidations, Take-or-Pay or Other Prepayments 57 Mergers and Sales of Assets 34 Section 10.21 Swap Agreements 58 6.7 Use of Proceeds 35 Section 10.22 Certain Activities 58 6.8 Ratio of Consolidated Total Debt to Consolidated Total Capital 35 ARTICLE 7. GUARANTEE 35 Section 10.23 Net Sales 58 7.1 Guarantee 35 Section 10.24 G&A Costs 58 7.2 Obligations Unconditional 35 Section 10.25 Press Release 59 7.3 Reinstatement 36 Section 7.4 Subrogation 36 Section 7.5 Remedies 37 Section 7.6 Continuing Guarantee 37 ARTICLE XI 8. EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 DEFAULT 37 ARTICLE XII 9. THE ADMINISTRATIVE AGENT 62 39 ARTICLE 10. MISCELLANEOUS 40 Section 12.02 Duties and Obligations of Administrative Agent 62 10.1 Notices 40 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 10.2 Waivers; Amendments 66 41 Section 13.03 10.3 Expenses, ; Indemnity; Damage Waiver. 66 Waiver 42 Section 13.04 10.4 Successors and Assigns 68 43 Section 13.05 Survival; Revival; Reinstatement 71 10.5 Survival 44 Section 13.06 10.6 Counterparts; Integration; Effectiveness 71 45 Section 13.07 10.7 Severability 72 45 Section 13.08 10.8 Right of Setoff 72 45 Section 13.09 GOVERNING LAW10.9 Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 46 Section 10.10 WAIVER OF PROCESS 72 JURY TRIAL 46 Section 13.10 10.11 Headings 73 46 Section 13.11 Confidentiality 73 Section 13.12 10.12 Interest Rate Limitation 74 47 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7610.13 Confidentiality 47 SCHEDULES: Schedule 2.1 List of Commitments Schedule 4.1 List of Wholly-Owned Subsidiaries, Material Subsidiaries and Listed Insurance Subsidiaries EXHIBITS: Exhibit A Form of Assignment and Acceptance Exhibit B Form of Opinion of Internal Counsel to the Borrowers Exhibit B-1 Form of Opinion of Special New York Counsel to the Borrowers Exhibit C Form of Note Exhibit D Form of Increase Supplement CREDIT AGREEMENT, dated as of June 4, 2004, among THE ALLSTATE CORPORATION, ALLSTATE INSURANCE COMPANY, ALLSTATE LIFE INSURANCE COMPANY, the LENDERS party hereto, JPMORGAN CHASE BANK, as Syndication Agent, BANK OF AMERICA, N.A., CITIBANK, N.A. and WACHOVIA BANK, NATIONAL ASSOCIATION, as Documentation Agents, and THE BANK OF NEW YORK, as Administrative Agent. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Allstate Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 115 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 117 SECTION 2.20. Illegality 118 SECTION 2.21. Incremental Commitments 118 SECTION 2.22. Cash Collateral for Defaulting Lenders 120 SECTION 2.23. Defaulting Lenders 121 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 Section 8.01 123 SECTION 3.01. Organization; Powers 31 Section 8.02 Authority; 123 Page SECTION 3.02. Authorization 123 SECTION 3.03. Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 124 SECTION 3.04. Governmental Approvals 124 SECTION 3.05. Financial Condition; Statements 124 SECTION 3.06. No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 Effect 124 SECTION 3.07. Title to Properties; Possession Under Leases 124 SECTION 3.08. Subsidiaries 125 SECTION 3.09. Litigation; Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 125 SECTION 3.10. Federal Reserve Regulations 125 SECTION 3.11. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; 126 SECTION 3.12. Use of Proceeds 126 SECTION 3.13. Tax Returns 126 SECTION 3.14. No Material Misstatements 35 Section 8.13 126 SECTION 3.15. Employee Benefit Plans 127 SECTION 3.16. Environmental Matters 128 SECTION 3.17. Security Documents 128 SECTION 3.18. [Reserved] 129 SECTION 3.19. Solvency 129 SECTION 3.20. Labor Matters 130 SECTION 3.21. Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 130 SECTION 3.22. No Default 130 SECTION 3.23. Intellectual Property; Licenses, Etc. 130 SECTION 3.24. [Reserved] 130 SECTION 3.25. Common Enterprise 130 SECTION 3.26. Sanctioned Persons; Anti-Money Laundering; Etc. 131 SECTION 3.27. UK Pensions 132 SECTION 3.28. Pari passu 132 ARTICLE IV CONDITIONS OF LENDING 132 SECTION 4.01. All Credit Events 132 SECTION 4.02. Effectiveness of Business the Amendment and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Restatement 133 ARTICLE IX V AFFIRMATIVE COVENANTS 41 Section 9.01 136 SECTION 5.01. Existence; Businesses and Properties 136 SECTION 5.02. Insurance 137 SECTION 5.03. Taxes 137 SECTION 5.04. Financial Statements; , Reports, etc. 138 SECTION 5.05. Litigation and Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 140 SECTION 5.06. Compliance with Laws 47 Section 9.10 141 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 141 SECTION 5.08. Use of Proceeds 141 SECTION 5.09. Compliance with Environmental Matters 47 Section 9.11 Laws 141 SECTION 5.10. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional CollateralAssurances; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing Security 142 SECTION 5.11. Appraisals and Reports 143 Page SECTION 5.12. Collateral Reporting 144 SECTION 5.13. Accounts 144 SECTION 5.14. Collection of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Accounts; Payments 145 SECTION 5.15. Inventory; Perpetual Inventory 147 SECTION 5.16. Foreign Plans 147 SECTION 5.17. UK Pensions 148 SECTION 5.18. Post-Amendment and Restatement Effective Date Actions 148 ARTICLE X VI NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 148 SECTION 6.01. Indebtedness 148 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 152 SECTION 6.03. Sale and Lease-Back Transactions 156 SECTION 6.04. Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 157 SECTION 6.05. Mergers, EtcConsolidations, Sales of Assets and Acquisitions 160 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Dividends and Distributions 163 SECTION 6.07. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 165 SECTION 6.08. Business of the Borrowers and the Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76167

Appears in 1 contract

Samples: Revolving Credit Agreement (Berry Global Group, Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Off 4351 Section 4.02 Presumption 2.16 Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 4452 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 2.17 Defaulting Lenders 4553 Section 5.01 Increased Costs 24 2.18 Incremental Facility 4755 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit 2.19 Extension of the Lender 31 Maturity Date 4957 Section 7.05 No Waiver 31 2.20 Letters of Credit. 5058 ARTICLE VIII 3 REPRESENTATIONS AND WARRANTIES 31 5664 Section 8.01 3.01 Organization; Powers 31 5664 Section 8.02 Authority3.02 Authorization; Enforceability 31 5665 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 5665 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 5665 Section 8.05 3.05 Properties 5766 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 5766 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 8.07 200.83 Section 3.07 Compliance with the Laws and Agreements; No Defaults 34 Default 5766 Section 8.08 3.08 Investment Company Act 34 Status 5766 Section 8.09 Public Utility Holding Company Act 34 3.09 Margin Stock 5866 Section 8.10 3.10 Taxes 34 5867 Section 8.11 3.11 ERISA 34 5867 Section 8.12 Disclosure3.12 Disclosure 5968 Section 3.13 Subsidiaries 5968 Section 3.14 Solvency 6069 Section 3.15 Anti-Terrorism Law 6069 Section 3.16 FCPA; No Material Misstatements 35 Sanctions 6170 ARTICLE 4 CONDITIONS 6171 Section 8.13 Insurance 36 4.01 Effective Date 6171 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.02 Each Credit Event 6372 ARTICLE IX 5 AFFIRMATIVE COVENANTS 41 6373 Section 9.01 5.01 Financial Statements; Ratings Change and Other Information 41 6373 Section 9.02 5.02 Notices of Material Events 44 6575 Section 9.03 5.03 Existence; Conduct of Business 45 6575 Section 9.04 5.04 Payment of Obligations 45 Taxes and Other Claims 6575 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05 Maintenance of Properties 45 Properties; Insurance 6675 Section 9.07 Insurance 46 Section 9.08 5.06 Books and Records; Inspection Rights 46 6676 Section 9.09 5.07 ERISA-Related Information 6676 Section 5.08 Compliance with Laws 47 and Agreements 6777 Section 9.10 Environmental Matters 47 5.09 Use of Proceeds 6777 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 5.10 Additional CollateralGuarantors; Additional Guarantors 49 Collateral 6777 Section 9.15 ERISA Compliance 50 5.11 Holdings 6778 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 5.12 Post-Closing 6879 ARTICLE X 6 NEGATIVE COVENANTS 52 6879 Section 10.01 Financial Covenants 52 6.01 Indebtedness 6879 Section 10.02 Debt 53 6.02 Liens 6981 Section 10.03 Liens 53 6.03 Fundamental Changes 7183 Section 10.04 Redemptions 53 6.04 Restricted Payments 84 Section 10.05 Investments, Loans and Advances 54 6.05 Restrictive Agreements 85 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 6.06 Transactions with Affiliates 57 86 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 6.076.04 Use of Proceeds 7486 ARTICLE XI 7 EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 7486 Section 11.01 7.01 Events of Default 59 Default. 7486 Section 11.02 Remedies 61 7.02 Application of Funds 7689 ARTICLE 8 THE AGENTS 7790 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 11.03 Disposition 200.83 Section 8.01 Appointment of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of the Administrative Agent 62 7790 Section 12.03 Action by 8.02 Powers and Duties 7791 Section 8.03 General Immunity 7891 Section 8.04 Administrative Agent 63 Entitled to Act as Lender 7993 Section 12.04 Reliance by 8.05 Lenders’ Representations, Warranties and Acknowledgment 8093 Section 8.06 Right to Indemnity 8093 Section 8.07 Successor Administrative Agent. 8194 Section 8.08 Guaranty 8195 Section 8.09 Actions in Concert 95 Section 8.098.10 Withholding Taxes 8296 Section 8.108.11 Administrative Agent 63 May File Bankruptcy Disclosure and Proofs of Claim 8296 Section 12.05 Subagents 63 8.12 Intercreditor Agreements 97 Section 12.06 Resignation or Removal of Administrative Agent 64 8.13 Secured Cash Management Agreements and Secured Hedge Agreements 97 ARTICLE 9 MISCELLANEOUS 8397 Section 12.07 Agents as Lenders 64 9.01 Notices 8397 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 9.02 Waivers; Amendments 66 86101 Section 13.03 9.03 Expenses, ; Indemnity; Damage Waiver. 66 Waiver 87103 Section 13.04 9.04 Successors and Assigns 68 89104 Section 13.05 Survival; Revival; Reinstatement 71 9.05 Survival 93109 Section 13.06 9.06 Counterparts; Integration; Effectiveness 71 94109 Section 13.07 9.07 Severability 72 94109 Section 13.08 9.08 Right of Setoff 72 94110 Section 13.09 GOVERNING LAW9.09 Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 72 Consent to Service of Process. 95110 Section 13.10 9.10 Waiver Of Jury Trial 95111 Section 9.11 Headings 73 96111 Section 13.11 9.12 Confidentiality 73 96111 Section 13.12 9.13 Interest Rate Limitation 74 97113 Section 13.13 EXCULPATION PROVISIONS 75 9.14 No Advisory or Fiduciary Responsibility 97113 Section 13.14 Collateral Matters9.15 Electronic Execution of Assignments and Certain Other Documents 98113 Section 9.16 USA XXXXXXX Xxx 00000 Section 9.17 Release of Guarantors; Swap Release of Collateral. 98114 Section 9.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 115 Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Schedules Schedule 2.01 Lenders, Revolving Commitments and Letter of Credit Issuer Sublimit Schedules to the Disclosure Letter Schedule 3.11 Plans Schedule 3.13 Capitalization Schedule 6.01 Specified Indebtedness Schedule 6.02 Existing Liens Schedule 6.05 Existing Restrictive Agreements 75 Exhibits Exhibit A Form of Assignment and Assumption Exhibit B Form of Borrowing Request Exhibit C Form of Interest Election Request Exhibit D-1 Form of Revolving Note Exhibit D-2 [Reserved] Exhibit E-1 Form of Guaranty Exhibit E-2 Form of Holdings Guaranty Exhibit F Form of Compliance Certificate Exhibit G [Reserved] Exhibit H-1 Form of U.S. Tax Compliance Certificate Exhibit H-2 Form of U.S. Tax Compliance Certificate Exhibit H-3 Form of U.S. Tax Compliance Certificate Exhibit H-4 Form of U.S. Tax Compliance Certificate Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 13.15 No Third Party Beneficiaries 76 200.83 REVOLVING CREDIT AGREEMENT dated as of June 26, 2015 among UBER TECHNOLOGIES, INC., as the Borrower, the LENDERS party hereto and XXXXXX XXXXXXX SENIOR FUNDING, INC., as the Administrative Agent. The Borrower (such term and each other capitalized term used and not otherwise defined in these recitals having the meaning assigned to it in Article 1), has requested the Lenders to make Loans to the Borrower on a revolving credit basis on and after the date hereof and at any time and from time to time prior to the Maturity Date. The proceeds of borrowings hereunder, together with the issuance of any letter of credit, are to be used for the purposes described in Section 13.16 Securitization 765.09. The Lenders are willing to establish the credit facility referred to in the preceding paragraph upon the terms and subject to the conditions set forth herein. Accordingly, for valuable consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

Appears in 1 contract

Samples: Intercreditor Agreement (Uber Technologies, Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 46 Section 4.02 Presumption 2.21. Letters of Payment by the Borrower 23 Credit 48 Section 4.03 Certain Deductions by the Administrative Agent 23 2.22. Mitigation of Obligations 52 Section 2.23. Replacement of Lenders 52 Section 2.24. Defaulting Lenders 52 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII III CONDITIONS PRECEDENT 27 TO LOANS AND LETTERS OF CREDIT 55 Section 7.01 Initial Funding 27 3.1. Conditions to Effectiveness 55 Section 7.02 Subsequent Fundings 30 3.2. Conditions to Each Credit Event 58 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit 3.3. Delivery of the Lender 31 Section 7.05 No Waiver 31 Documents 59 ARTICLE VIII IV REPRESENTATIONS AND WARRANTIES 31 59 Section 8.01 Organization4.1. Existence; Powers 31 Power 59 Section 8.02 Authority4.2. Organizational Power; Enforceability 31 Authorization 59 Section 8.03 4.3. Governmental Approvals; No Conflicts 31 59 Section 8.04 4.4. Financial Condition; No Material Adverse Change 32 Statements 60 Section 8.05 4.5. Litigation 32 Section 8.06 and Environmental Matters 32 60 Section 8.07 4.6. Compliance with the Laws and Agreements; No Defaults 34 Agreements 61 Section 8.08 4.7. Investment Company Act 34 61 Section 8.09 Public Utility Holding Company Act 34 4.8. Taxes 61 Section 8.10 Taxes 34 4.9. Margin Regulations 62 Section 8.11 4.10. ERISA 34 62 Section 8.12 Disclosure4.11. Ownership of Property; No Material Misstatements 35 Insurance 62 Section 8.13 Insurance 36 4.12. Disclosure 64 Section 8.14 4.13. Labor Relations 64 Section 4.14. Subsidiaries 64 Section 4.15. Solvency 64 Section 4.16. Deposit and Disbursement Accounts 65 Section 4.17. Collateral Documents 65 Section 4.18. Restriction on Liens 36 65 Section 8.15 Subsidiaries 36 4.19. Material Agreements 65 Section 8.16 Location of Business and Offices 36 4.20. OFAC; Foreign Corrupt Practices Act 66 Section 8.17 Properties; Titles, Etc 37 4.21. Patriot Act 66 Section 8.18 Maintenance of Properties 38 Section 8.19 4.22. Gas Imbalances, ; Prepayments 38 66 Section 8.20 4.23. Marketing of Production 38 66 Section 8.21 Swap Agreements 39 4.24. Hedging Transactions and Qualified ECP Guarantor 66 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.25. EEA Financial Institutions 67 ARTICLE IX V AFFIRMATIVE COVENANTS 41 67 Section 9.01 5.1. Financial Statements; Statements and Other Information 41 67 Section 9.02 5.2. Notices of Material Events 44 68 Section 9.03 5.3. Existence; Conduct of Business 45 69 Section 9.04 5.4. Compliance with Laws 70 Section 5.5. Payment of Obligations 45 70 Section 9.05 Performance of Obligations under Loan Documents 45 5.6. Books and Records 70 Section 9.06 Operation 5.7. Visitation and Inspection 70 Section 5.8. Maintenance of Properties 45 Properties; Insurance 70 Section 9.07 Insurance 46 5.9. Use of Proceeds; Margin Regulations 72 Section 9.08 Books 5.10. Casualty and Records; Inspection Rights 46 Condemnation 72 Section 9.09 Compliance with Laws 47 5.11. Cash Management 72 Section 9.10 5.12. Additional Subsidiaries and Collateral 72 Section 5.13. Reserve Reports 73 Section 5.14. Title Information 74 Section 5.15. Additional Mortgaged Property 75 Section 5.16. Further Assurances 75 Section 5.17. Environmental Matters 47 76 Section 9.11 Further Assurances 48 5.18. Commodity Exchange Act Keepwell Provisions 76 Section 9.12 Reserve Reports 48 5.19. Minimum Hedging 77 ARTICLE VI FINANCIAL COVENANTS 77 Section 9.13 Title Information 49 6.1. Leverage Ratio 77 Section 9.14 Additional Collateral; Additional Guarantors 49 6.2. Current Ratio 77 Section 9.15 ERISA Compliance 50 6.3. Capital Expenditures 77 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 6.4. Cure Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 77 ARTICLE X VII NEGATIVE COVENANTS 52 78 Section 10.01 Financial Covenants 52 7.1. Indebtedness and Preferred Equity 78 Section 10.02 Debt 53 7.2. Liens 79 Section 10.03 Liens 53 7.3. Fundamental Changes 80 Section 10.04 Redemptions 53 Section 10.05 7.4. Investments, Loans and Advances 54 81 Section 10.06 Nature 7.5. Restricted Payments 82 Section 7.6. Sale of Business 54 Properties; Termination of Hedging Transactions 82 Section 10.07 Limitation on Leases 54 7.7. Transactions with Affiliates 84 Section 10.08 7.8. Restrictive Agreements 85 Section 7.9. Sale and Leasebacks 55 Leaseback Transactions 85 Section 10.09 Proceeds of Notes 55 7.10. Hedging Transactions 85 Section 10.10 ERISA Compliance 55 7.11. Amendment to Material Documents 86 Section 10.11 7.12. Sale or Discount of Receivables 56 86 Section 10.12 Mergers, Etc7.13. 56 Accounting Changes 86 Section 10.13 Sale of Properties 56 7.14. Lease Obligations 86 Section 10.14 Environmental Matters 56 7.15. Government Regulation 87 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 7.16. Gas Imbalances, Take-or-Pay or Other Prepayments 57 87 Section 10.21 Swap Agreements 58 7.17. Marketing Activities 87 Section 10.22 Certain Activities 58 7.18. Non-Qualified ECP Guarantors 87 Section 10.23 Net Sales 58 7.19. Environmental Matters 87 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 7.20. Sanctions and Anti-Corruption Laws 87 ARTICLE XI VIII EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 88 Section 11.01 8.1. Events of Default 59 88 Section 11.02 Remedies 61 Section 11.03 Disposition 8.2. Application of Proceeds 61 from Collateral 91 ARTICLE XII IX THE ADMINISTRATIVE AGENT 62 92 Section 12.02 Duties and Obligations 9.1. Appointment of the Administrative Agent 62 92 Section 12.03 Action by 9.2. Nature of Duties of the Administrative Agent 63 92 Section 12.04 9.3. Lack of Reliance on the Administrative Agent 93 Section 9.4. Certain Rights of the Administrative Agent 93 Section 9.5. Reliance by the Administrative Agent 63 94 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of 9.6. The Administrative Agent 64 in its Individual Capacity 94 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of 9.7. Successor Administrative Agent 94 Section 9.8. Withholding Tax 95 Section 9.9. The Administrative Agent May File Proofs of Claim 95 Section 9.10. Authorization to Execute Other Loan Documents 96 Section 9.11. Collateral and Guaranty Matters 96 Section 9.12. Right to Realize on Collateral and Enforce Guarantee 96 Section 9.13. Secured Bank Product Obligations and Hedging Obligations 97 Section 9.14. Authority to Release Guarantors, Collateral and Liens 65 97 ARTICLE XIII X MISCELLANEOUS 65 97 Section 13.01 10.1. Notices 65 97 Section 13.02 Waivers10.2. Waiver; Amendments 66 100 Section 13.03 10.3. Expenses, Indemnity; Damage WaiverIndemnification 101 Section 10.4. 66 Section 13.04 Successors and Assigns 68 103 Section 13.05 Survival10.5. Governing Law; RevivalJurisdiction; Reinstatement 71 Consent to Service of Process 106 Section 13.06 10.6. WAIVER OF JURY TRIAL 107 Section 10.7. Right of Set-off 107 Section 10.8. Counterparts; Integration; Effectiveness 71 Integration 107 Section 13.07 10.9. Survival 108 Section 10.10. Severability 72 108 Section 13.08 Right of Setoff 72 10.11. Confidentiality 108 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 10.12. Interest Rate Limitation 74 109 Section 13.13 EXCULPATION PROVISIONS 75 10.13. Waiver of Effect of Corporate Seal 109 Section 13.14 Collateral Matters10.14. Patriot Act 109 Section 10.15. No Advisory or Fiduciary Responsibility 109 Section 10.16. Acknowledgment and Consent to Bail-In of EEA Financial Institutions 110 Schedules Schedule I - Applicable Margin and Applicable Percentage Schedule II Maximum Loan Amounts Schedule 4.5 - Environmental Matters Schedule 4.11 - Insurance Schedule 4.14 - Subsidiaries Schedule 4.16 - Deposit and Disbursement Accounts Schedule 4.19 - Material Agreements Schedule 4.22 - Gas Imbalances; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Prepayments Schedule 4.23 - Marketing of Production Schedule 4.24 - Hedging Transactions Schedule 7.1 - Existing Indebtedness Schedule 7.2 - Existing Liens Schedule 7.4 - Existing Investments Exhibits Exhibit A - Form of Assignment and Acceptance Exhibit B - Form of Promissory Note Exhibit 2.3 - Form of Notice of Borrowing Exhibit 2.6 - Form of Notice of Continuation/Conversion Exhibit 2.19 - Tax Certificates Exhibit 5.1(c) - Form of Compliance Certificate CREDIT AGREEMENT THIS CREDIT AGREEMENT (this “Agreement”) is made and entered into as of September 28, 2017, by and among XXXXX EXPLORATION - PERMIAN, LLC, a Delaware limited liability company (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), and SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”) and as issuing bank (the “Issuing Bank”).

Appears in 1 contract

Samples: Credit Agreement (Riley Exploration - Permian, LLC)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption Offs 72 ARTICLE 3 GUARANTEE BY GUARANTORS 74 3.1 The Guarantee 74 3.2 Obligations Unconditional 75 3.3 Reinstatement 76 3.4 Subrogation 76 TABLE OF CONTENTS (continued) Page 3.5 Remedies 76 3.6 Continuing Guarantee 76 3.7 Rights of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Contribution 76 3.8 General Limitation on Guarantee Obligations 77 3.9 Waivers 77 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII 4 REPRESENTATIONS AND WARRANTIES 31 Section 8.01 78 4.1 Organization; Powers 31 Section 8.02 Authority78 4.2 Authorization; Enforceability 31 Section 8.03 78 4.3 Governmental Approvals; No Conflicts 31 Section 8.04 78 4.4 Financial Condition; No Material Adverse Change 32 Section 8.05 79 4.5 Properties 80 4.6 Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 81 4.7 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 81 4.8 Investment Company Act 34 Section 8.09 Public Utility and Holding Company Status 82 4.9 Taxes 82 4.10 ERISA 82 4.11 Disclosure 82 4.12 Ownership and Capitalization 82 4.13 Subsidiaries 82 4.14 Material Indebtedness, Liens and Agreements 83 4.15 Permits and Licenses 83 4.16 Federal Reserve Regulations 85 4.17 Labor and Employment Matters 85 4.18 Subchapter S Election and QSSS Election 85 4.19 Senior Indebtedness 85 4.20 Patriot Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 85 ARTICLE 5 CONDITIONS 86 5.1 Effective Time 86 5.2 Each Extension of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Credit 90 TABLE OF CONTENTS (continued) Page ARTICLE IX 6 AFFIRMATIVE COVENANTS 41 Section 9.01 91 6.1 Financial Statements; Statements and Other Information 41 Section 9.02 91 6.2 Notices of Material Events 44 Section 9.03 93 6.3 Existence; Conduct of Business 45 Section 9.04 94 6.4 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 94 6.5 Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7694

Appears in 1 contract

Samples: Credit Agreement (Lbi Media Holdings Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 32 Section 4.02 Presumption 2.19 Mitigation Obligations; Replacement of Payment by the Borrower 23 Lender 33 Section 4.03 Certain Deductions by the Administrative Agent 23 2.20 Defaulting Lenders 34 ARTICLE V INCREASED COSTS; TAXES 24 III Representations and Warranties 35 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 3.01 Organization; Powers 31 35 Section 8.02 Authority3.02 Authorization; Enforceability 31 36 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 36 Section 8.04 Financial Condition; No Material Adverse Change 32 3.04 [reserved] 36 Section 8.05 3.05 Properties 37 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 37 Section 8.07 3.07 Compliance with the Laws and Agreements 37 Section 3.08 Investment Company Status; Status as a RIC 37 Section 3.09 Taxes 37 Page Section 3.10 ERISA 37 Section 3.11 Disclosure 38 Section 3.12 Anti-Corruption Laws and Sanctions 38 Section 3.13 Fiscal Year 38 Section 3.14 Margin Stock 38 Section 3.15 Solvency 38 Section 3.16 No Default 39 Section 3.17 Security Interests and Liens 39 Section 3.18 Governing Documents 39 Section 3.19 Executive Offices; Places of Organization 39 Section 3.20 Investor Register; Subscription Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements Capital Commitments 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No 3.21 Brokers 40 Section 8.27 Reliance 3.22 Investor Documents 40 ARTICLE IV Conditions 40 Section 8.28 Investments and Guaranties 4.01 Effective Date 40 Section 8.29 Payments by Purchasers of Production 40 4.02 Each Credit Event 41 ARTICLE V Affirmative Covenants 42 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 5.01 Financial Statements; Other Collateral Information 41 42 Section 9.02 5.02 Notices of Material Events 44 Section 9.03 5.03 Existence; Conduct of Business 44 Section 5.04 Compliance with Laws 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 5.05 Books and Records; Inspection Rights 46 45 Section 9.09 Compliance with Laws 47 5.06 Payment of Obligations 45 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral5.07 Maintenance of Properties; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Insurance 45

Appears in 1 contract

Samples: Revolving Credit Agreement

Payments Generally. Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 55 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 57 SECTION 2.20. Incremental Commitments 58 Table of Contents (continued) Page SECTION 2.21. Extensions of Loans and Commitments 61 SECTION 2.22. Refinancing Amendments 63 SECTION 2.23. Defaulting Lenders 67 SECTION 2.24. Judgment Currency 69 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 69 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 69 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 70 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 70 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Condition 70 SECTION 3.05. Properties 70 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 71 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 71 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 71 SECTION 3.09. Taxes 34 Section 8.11 71 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 72 SECTION 3.11. Disclosure 72 SECTION 3.12. Federal Reserve Regulations 72 SECTION 3.13. Liens 72 SECTION 3.14. No Material Misstatements 35 Section 8.13 Default 72 SECTION 3.15. Solvency 72 SECTION 3.16. Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 72 SECTION 3.17. Security Interest in Collateral 72 SECTION 3.18. Anti-Corruption Laws and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Sanctions 72 SECTION 3.19. Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments Proceeds 73 SECTION 3.20. EEA Financial Institutions 73 SECTION 3.21. Plan Assets; Prohibited Transactions 73 ARTICLE IV Conditions 73 SECTION 4.01. Effective Date 73 SECTION 4.02. Each Credit Event 75 ARTICLE V Affirmative Covenants 76 SECTION 5.01. Financial Statements and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 76 SECTION 5.02. Notices of Material Events 44 Section 9.03 78 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 78 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Taxes 78 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 78 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 79 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 and Material Contractual Obligations 79 SECTION 5.08. Use of Proceeds 80 SECTION 5.09. Subsidiary Guarantors; Pledges; Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Further Assurances 80 SECTION 5.10. Designation of Subsidiaries 81 SECTION 5.11. Post-Closing Obligations 82 Table of Contents (continued) Page ARTICLE VI Negative Covenants 82 SECTION 6.01. Indebtedness 82 SECTION 6.02. Liens 84 SECTION 6.03. Fundamental Changes and Asset Sales 86 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 87 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing 89 SECTION 6.06. Transactions with Affiliates 89 SECTION 6.07. Restricted Payments 89 SECTION 6.08. Restrictive Agreements 90 SECTION 6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents and Assurex Merger Agreement 90 SECTION 6.10. Financial Covenants 92 ARTICLE VII Events of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Default 92 ARTICLE VIII The Administrative Agent and the Collateral Agent 95 ARTICLE IX Miscellaneous 99 SECTION 9.01. Notices 99 SECTION 9.02. Waivers; Amendments 102 SECTION 9.03. Expenses; Indemnity; Damage Waiver 105 SECTION 9.04. Successors and Assigns 106 SECTION 9.05. Survival 110 SECTION 9.06. Counterparts; Integration; Effectiveness; Electronic Execution 110 SECTION 9.07. Severability 111 SECTION 9.08. Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Setoff 111 SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process 111 SECTION 9.10. WAIVER OF JURY TRIAL 112 SECTION 9.11. Headings 112 SECTION 9.12. Confidentiality 112 SECTION 9.13. USA PATRIOT Act 113 SECTION 9.14. Appointment for Perfection 113 SECTION 9.15. Releases of Subsidiary Guarantors 113 SECTION 9.16. Interest Rate Limitation 114 SECTION 9.17. No Advisory or Fiduciary Responsibility 114 SECTION 9.18. Acknowledgment and Consent to Bail-In of EEA Financial Institutions 115 SECTION 9.19. Certain ERISA Matters 115 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Borrower Guarantee 117 Table of Contents (continued) SCHEDULES: Schedule 2.01 – Revolving Commitments Schedule 2.02 – Letter of Credit Commitment Schedule 3.01 – Subsidiaries; Equity Interests Schedule 5.11 – Post-Closing Obligations Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens 53 Section 10.04 Redemptions 53 Section 10.05 Schedule 6.04 – Existing Investments, Loans and Advances 54 Section 10.06 Nature EXHIBITS: Exhibit A – Form of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale Assignment and Leasebacks 55 Section 10.09 Proceeds Assumption Exhibit B – Form of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount Solvency Certificate Exhibit C-1 – Form of Receivables 56 Section 10.12 MergersU.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit C-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit C-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit C-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit D-1 – Form of Borrowing RequestExhibit D-2 – Form of Interest Election Request DB1/ 119295135.1 CREDIT AGREEMENT (this “Agreement”) dated as of December 23, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances2016 among MYRIAD GENETICS, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of INC., a Delaware corporation, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal and as Collateral Agent, XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Syndication Agent, and U.S. BANK NATIONAL ASSOCIATION, PNC BANK, NATIONAL ASSOCIATION, FIFTH THIRD BANK, ZIONS [FIRST NATIONAL BANK, a division of Administrative Agent 64 Section 12.07 Agents ZB]BANCORPORATION, N.A., and SILICON VALLEY BANK, as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage WaiverCo-Documentation Agents. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Myriad Genetics Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 51 SECTION 2.18. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 52 SECTION 2.19. Designation of Borrowing Subsidiaries 53 SECTION 2.20. Additional Reserve Costs 53 SECTION 2.21. Defaulting Lenders 54 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 56 SECTION 3.01. Organization; Powers 31 Section 8.02 Authority56 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 56 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 56 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 57 SECTION 3.05. Properties 57 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 57 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 58 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 58 SECTION 3.09. Taxes 34 Section 8.11 58 SECTION 3.10. ERISA 34 Section 8.12 Disclosureand Pension Plans 58 SECTION 3.11. Disclosure 58 SECTION 3.12. Margin Stock 58 SECTION 3.13. Subsidiaries; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business Guarantee Requirement 59 ARTICLE IV Conditions 59 SECTION 4.01. Effective Date 59 SECTION 4.02. Each Credit Event 60 SECTION 4.03. Initial Credit Event for each Borrowing Subsidiary 60 ARTICLE V Affirmative Covenants 60 SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 61 SECTION 5.02. Notices of Material Events 44 Section 9.03 62 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 63 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Taxes 63 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 63 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 63 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing 63 SECTION 5.08. Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Proceeds 63 SECTION 5.09. Guarantee Requirement 64 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 64 SECTION 6.01. Priority Indebtedness 64 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc65 SECTION 6.03. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Fundamental Changes 66 SECTION 6.04. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 66 SECTION 6.05. Leverage Ratio 66 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition 66 SECTION 7.01. Events of Proceeds 61 Default 66 SECTION 7.02. CAM Exchange 68 SECTION 7.03. Letters of Credit 69 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 VIII Guarantee 71 ARTICLE IX The Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 72 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 X Miscellaneous 75 SECTION 10.01. Notices 65 Section 13.02 75 SECTION 10.02. Waivers; Amendments 66 Section 13.03 76 SECTION 10.03. Expenses, ; Indemnity; Damage WaiverWaiver 77 SECTION 10.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 78 SECTION 10.05. Survival 82 SECTION 10.06. Counterparts; Integration; Effectiveness 71 Section 13.07 82 SECTION 10.07. Severability 72 Section 13.08 82 SECTION 10.08. Right of Setoff 72 Section 13.09 GOVERNING LAW82 SECTION 10.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 83 SECTION 10.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 83 SECTION 10.11. Headings 73 Section 13.11 83 SECTION 10.12. Confidentiality 73 Section 13.12 83 SECTION 10.13. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters84 SECTION 10.14. Conversion of Currencies 84 SECTION 10.15. USA Patriot Act 85 SECTION 10.16. Interest Act (Canada) 85 SCHEDULES: Schedule 2.01 Commitments Schedule 2.04(i) LC Commitments Schedule 2.04(ii) Existing Letters of Credit Schedule 2.17 Payment Instructions Schedule 3.06 Disclosed Matters Schedule 3.13 Subsidiary Guarantors Schedule 6.01 Existing Priority Indebtedness Schedule 6.02 Existing Liens EXHIBITS: Exhibit A Form of Borrowing Request Exhibit B-1 Form of Borrowing Subsidiary Agreement Exhibit B-2 Form of Borrowing Subsidiary Termination Exhibit C Form of Assignment and Assumption Exhibit D Mandatory Costs Rate Exhibit E Form of Subsidiary Guarantee Agreement Exhibit F-1 Form of Opinion of Secretary of the Company Exhibit F-2 Form of Opinion of US Counsel to the Company Exhibit F-3 Form of Opinion of Canadian Counsel to the Company Exhibit F-4 Form of Opinion of Nova Scotia Counsel to the Company Exhibit F-5 Form of Opinion of UK Counsel to the Company Exhibit G Form of Issuing Bank Agreement CREDIT AGREEMENT dated as of April 12, 2011 among MOLSON COORS BREWING COMPANY, a Delaware corporation; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76MOLSON COORS BREWING COMPANY (UK) LIMITED, MOLSON CANADA 2005, MOLSON COORS CANADA INC. and MOLSON COORS INTERNATIONAL LP, each a subsidiary of the Company; the LENDERS party hereto; DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent and Issuing Bank; and DEUTSCHE BANK AG, CANADA BRANCH, as Canadian Administrative Agent; and Bank of Montreal and The Toronto-Dominion Bank as Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Molson Coors Brewing Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 48 SECTION 2.12. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 49 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties SECTION 3.01. Organization; Powers 31 Section 8.02 Authority50 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 50 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 51 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 51 SECTION 3.05. Properties 52 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 52 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 52 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Section 8.10 Status 52 SECTION 3.09. Taxes 34 Section 8.11 53 SECTION 3.10. ERISA 34 Section 8.12 Disclosure53 SECTION 3.11. Disclosure 53 SECTION 3.12. Subsidiaries 53 SECTION 3.13. Insurance 53 SECTION 3.14. Labor Matters 53 SECTION 3.15. Intellectual Property 54 SECTION 3.16. Security Interests 54 SECTION 3.17. FCC Compliance 55 SECTION 3.18. Qualified Credit Facility; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business Senior Indebtedness 55 SECTION 3.19. Solvency 55 ARTICLE IV Conditions ARTICLE V Affirmative Covenants SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 56 SECTION 5.02. Notices of Material Events 44 Section 9.03 57 SECTION 5.03. Information Regarding Collateral 57 SECTION 5.04. Existence; Conduct of Business 45 Section 9.04 58 SECTION 5.05. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Taxes 58 SECTION 5.06. Maintenance of Properties 45 Section 9.07 58 SECTION 5.07. Insurance 46 Section 9.08 Books 58 SECTION 5.08. Casualty and Records; Inspection Rights 46 Section 9.09 Condemnation 59 SECTION 5.09. Annual Information Meeting 59 SECTION 5.10. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 59 SECTION 5.11. Use of Proceeds 59 SECTION 5.12. Guarantee and Collateral Requirement; Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 59 SECTION 5.13. Guarantee Permit Condition and Collateral Permit Condition 60 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 SECTION 6.01. Limitation on Leases 54 Section 10.08 Consolidated Debt 60 SECTION 6.02. Limitation on Indebtedness of the Borrower and Borrower Restricted Subsidiaries 66 SECTION 6.03. Limitation on Restricted Payments 70 SECTION 6.04. Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries 74 SECTION 6.05. Limitation on Liens 76 SECTION 6.06. Limitation on Sale and Leasebacks 55 Section 10.09 Proceeds Leaseback Transactions 78 SECTION 6.07. Limitation on Asset Dispositions 78 SECTION 6.08. Limitation on Issuance and Sales of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount Capital Stock of Receivables 56 Section 10.12 Mergers, EtcRestricted Subsidiaries 82 SECTION 6.09. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 83 SECTION 6.10. Limitation on Designations of Unrestricted Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7684

Appears in 1 contract

Samples: Assignment and Amendment Agreement (Level 3 Communications Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 56 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Lenders 58 SECTION 2.20. Expansion Option 58 SECTION 2.21. Administrative Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 59 SECTION 2.22. Judgment Currency 60 SECTION 2.23. Designation of Foreign Subsidiary Borrowers 60 SECTION 2.24. Defaulting Lenders 61 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 62 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 62 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 63 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 63 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 63 SECTION 3.05. Properties 63 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 64 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 64 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 64 SECTION 3.09. Taxes 34 Section 8.11 65 Table of Contents (continued) Page SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 65 SECTION 3.11. Disclosure 65 SECTION 3.12. Federal Reserve Regulations 65 SECTION 3.13. Liens 65 SECTION 3.14. No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location Default 65 SECTION 3.15. Sanctions Laws and Regulations 65 SECTION 3.16. EEA Financial Institutions. No Borrower is an EEA Financial Institution 66 ARTICLE IV Conditions 66 SECTION 4.01. Effective Date 66 SECTION 4.02. Each Credit Event 67 SECTION 4.03. Designation of Business a Foreign Subsidiary Borrower 67 ARTICLE V Affirmative Covenants 68 SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 68 SECTION 5.02. Notices of Material Events 44 Section 9.03 69 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 70 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 70 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 70 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 70 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 and Material Contractual Obligations 71 SECTION 5.08. Use of Proceeds 71 ARTICLE VI Negative Covenants 71 SECTION 6.01. Subsidiary Indebtedness 71 SECTION 6.02. Liens 72 SECTION 6.03. Fundamental Changes and Asset Sales 73 SECTION 6.04. [Intentionally Omitted] 73 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc73 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 74 SECTION 6.07. Restricted Payments 74 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 74 SECTION 6.09. [Intentionally Omitted] 75 SECTION 6.10. Sale and Leaseback Transactions 75 SECTION 6.11. Financial Covenants 75 SECTION 6.12. Sanctions Laws and Regulations 75 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 76 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 78 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 80 SECTION 9.01. Notices 65 Section 13.02 80 SECTION 9.02. Waivers; Amendments 66 Section 13.03 82 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 84 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 85 Table of Contents (continued) Page SECTION 9.05. Survival 90 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Effectiveness; Electronic Execution 91 SECTION 9.07. Severability 72 Section 13.08 91 SECTION 9.08. Right of Setoff 72 Section 13.09 91 SECTION 9.09. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 91 SECTION 9.10. WAIVER OF JURY TRIAL 93 SECTION 9.11. Headings 73 Section 13.11 93 SECTION 9.12. Confidentiality 73 Section 13.12 93 SECTION 9.13. USA PATRIOT Act 94 SECTION 9.14. No Fiduciary Duty 94 SECTION 9.15. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7695 SECTION 9.16. Termination of the Commitments under the Existing Credit Agreement 95 SECTION 9.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 95 ARTICLE X Company Guarantee 96 Table of Contents (continued) SCHEDULES: Schedule 1.01 – Excluded Real Property Schedule 2.01 – Commitments Schedule 2.06 – Existing Letters of Credit Schedule 3.01 – Subsidiaries Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B-1 – Form of Increasing Lender Supplement Exhibit C – Form of Augmenting Lender Supplement Exhibit D – List of Closing Documents Exhibit E-1 – Form of Borrowing Subsidiary Agreement Exhibit E-2 – Form of Borrowing Subsidiary Termination Exhibit F-1 – Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit F-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit F-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit F-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit G-1 – Form of Borrowing Request Exhibit G-2 – Form of Interest Election Request Exhibit G-3 – Form of Swingline Borrowing Request Exhibit H – Form of Note CREDIT AGREEMENT (this “Agreement”) dated as of September 22, 2017 among NEWMARKET CORPORATION, the FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, BANK OF AMERICA, N.A. and PNC BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents and CITIBANK, N.A., DBS BANK LTD. and U.S. BANK NATIONAL ASSOCIATION, as Co-Documentation Agents. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 32 Section 4.02 Presumption of Payment by the Borrower 23 33 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE 33 Section 4.04 Disposition of Proceeds 33 Article V INCREASED COSTSIncreased Costs; TAXES 24 Taxes 34 Section 5.01 Increased Costs 24 34 Section 5.02 Taxes 24 ARTICLE 35 Section 5.03 Designation of Different Lending Office 38 Section 5.04 Replacement of Lenders 39 Section 5.05 Break Funding Payments 39 Article VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Conditions Precedent 40 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE Effective Date 40 Article VII CONDITIONS PRECEDENT 27 Representations and Warranties 42 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 42 Section 8.02 7.02 Authority; Enforceability 31 43 Section 8.03 7.03 Approvals; No Conflicts 31 43 Section 8.04 7.04 Financial Condition; No Material Adverse Change 32 43 Section 8.05 7.05 Litigation 32 43 Section 8.06 7.06 Environmental Matters 32 44 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 45 Section 8.08 7.08 Investment Company Act 34 45 Section 8.09 Public Utility Holding Company Act 34 7.09 Taxes 45 Section 8.10 Taxes 34 7.10 ERISA 45 Section 8.11 ERISA 34 Section 8.12 7.11 Disclosure; No Material Misstatements 35 46 Section 8.13 7.12 Insurance 36 46 Section 8.14 7.13 Restriction on Liens 36 47 Section 8.15 Subsidiaries 36 7.14 Group Members 47 Section 8.16 7.15 Foreign Operations 47 Section 7.16 Location of Business and Offices 36 47 Section 8.17 7.17 Properties; Titles, Etc 37 Etc. 47 Section 8.18 7.18 Maintenance of Properties 38 48 Section 8.19 7.19 Gas Imbalances, Prepayments 38 Imbalances 48 Section 8.20 7.20 Marketing of Production 38 48 Section 8.21 7.21 Security Instruments 49 Section 7.22 Swap Agreements 39 49 Section 8.22 7.23 Use of Loans 39 49 Section 8.23 7.24 Solvency 39 49 Section 8.24 Casualty Events 39 7.25 OFAC 50 Section 8.25 Material Agreements 39 7.26 Anti-Terrorism Laws 50 Section 8.26 No Brokers 40 7.27 Money Laundering 50 Section 8.27 Reliance 40 7.28 Foreign Corrupt Practices 51 Section 8.28 Investments and Guaranties 40 7.29 EEA Financial Institutions 51 Section 8.29 Payments by Purchasers of Production 40 7.30 Beneficial Ownership 51 Article VIII Affirmative Covenants 51 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 8.01 Financial Statements; Other Information 41 51 Section 9.02 8.02 Notices of Material Events 44 54 Section 9.03 8.03 Existence; Conduct of Business 45 54 Section 9.04 8.04 Payment of Obligations 45 54 Section 9.05 8.05 Performance of Obligations under Loan Documents 45 55 Section 9.06 8.06 Operation and Maintenance of Properties 45 55 Section 9.07 8.07 Insurance 46 55 Section 9.08 8.08 Books and Records; Inspection Rights 46 55 Section 9.09 8.09 Compliance with Laws 47 56 Section 9.10 8.10 Environmental Matters 47 56 Section 9.11 8.11 Further Assurances 48 57 Section 9.12 8.12 Reserve Reports 48 57 Section 9.13 8.13 Title Information 49 58 Section 9.14 8.14 Additional Collateral; Additional Guarantors 49 59 Section 9.15 8.15 ERISA Compliance 50 61 Section 9.16 8.16 Marketing Activities 61 Section 8.17 Swap Agreements 51 61 Section 9.17 Marketing of Production 51 8.18 Patriot Act, OFAC, FCPA 61 Section 9.18 Overriding Royalty Interests 51 8.19 CUSIP Requirement 61 Section 9.19 Right of First Refusal 52 8.20 Vitol Prepayments 61 Section 9.20 Contract Operating Agreement 52 8.21 Anti-Cash Hoarding 62 Article IX Negative Covenants 62 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 9.01 Financial Covenants 52 62 Section 10.02 9.02 Debt 53 62 Section 10.03 9.03 Liens 53 63 Section 10.04 Redemptions 53 9.04 Restricted Payments 64 Section 10.05 9.05 Investments, Loans and Advances 54 64 Section 10.06 9.06 Nature of Business 54 Business; No International Operations 65 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 9.07 Proceeds of Notes 55 Loans 65 Section 10.10 9.08 ERISA Compliance 55 65 Section 10.11 9.09 Sale or Discount of Receivables 56 66 Section 10.12 9.10 Mergers, Etc. 56 66 Section 10.13 9.11 Sale of Properties 56 and Termination of Hedging Transactions 66 Section 10.14 9.12 Sales and Leasebacks 67 Section 9.13 Environmental Matters 56 67 Section 10.15 9.14 Transactions with Affiliates 57 67 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 9.15 Negative Pledge Agreements; Dividend Restrictions 57 67 Section 10.20 Gas Imbalances, 9.16 Take-or-Pay or Other other Prepayments 57 68 Section 10.21 9.17 Swap Agreements 58 68 Section 10.22 Certain Activities 58 9.18 Amendments to Organizational Documents and Material Contracts 69 Section 10.23 Net Sales 58 9.19 Changes in Fiscal Periods 69 Section 10.24 G&A Costs 58 9.20 Anti-Terrorism Laws 69 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT9.21 Gas Imbalances 69 Section 9.22 Anti-Layering 69 Section 9.23 Minimum Revenue Contracts 70 Article X Events of Default; REMEDIES 59 Remedies 70 Section 11.01 10.01 Events of Default 59 70 Section 10.02 Remedies 72 Article XI The Administrative Agent 74 Section 11.01 Appointment; Powers 74 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 74 Section 12.03 11.03 Action by Administrative Agent 63 74 Section 12.04 11.04 Reliance by Administrative Agent 63 75 Section 12.05 11.05 Subagents 63 75 Section 12.06 11.06 Resignation or Removal of Administrative Agent 64 75 Section 12.07 Agents 11.07 Administrative Agent as Lenders 64 Lender 76 Section 12.08 11.08 No Reliance 64 76 Section 12.09 11.09 Administrative Agent May File Proofs of Claim 77 Section 11.10 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 77 Section 13.01 11.11 Duties of the Arranger 78 Article XII Miscellaneous 78 Section 12.01 Notices 65 78 Section 13.02 12.02 Waivers; Amendments 66 78 Section 13.03 12.03 Expenses, Indemnity; Damage Waiver. 66 Waiver 80 Section 13.04 12.04 Successors and Assigns 68 83 Section 13.05 12.05 Survival; Revival; Reinstatement 71 86 Section 13.06 12.06 Counterparts; Integration; Effectiveness 71 87 Section 13.07 12.07 Severability 72 87 Section 13.08 12.08 Right of Setoff 72 87 Section 13.09 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 87 Section 13.10 12.10 Headings 73 88 Section 13.11 12.11 Confidentiality 73 89 Section 13.12 12.12 Interest Rate Limitation 74 89 Section 13.13 EXCULPATION PROVISIONS 75 12.13 [Reserved] 90 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 12.14 No Third Party Beneficiaries 76 90 Section 13.16 Securitization 7612.15 EXCULPATION PROVISIONS 90 Section 12.16 USA Patriot Act Notice 90 Section 12.17 Flood Insurance Provisions 90 Section 12.18 Releases 91 Section 12.19 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 91 Section 12.20 Intercreditor Agreements 92 Section 12.21 Effect of Amendment and Restatement 92 Section 12.22 Acknowledgement Regarding Any Supported QFCs 92 ANNEXES, EXHIBITS AND SCHEDULES Annex I List of Commitments Exhibit A Form of Note Exhibit B Form of Borrowing Request Exhibit C [Reserved] Exhibit D Form of Compliance Certificate Exhibit E Form of Solvency Certificate Exhibit F-1 Security Instruments Exhibit F-2 Form of Guarantee and Collateral Agreement Exhibit G Form of Assignment and Assumption Exhibit H-1 Form of U.S. Tax Compliance Certificate (Non-U.S. Lenders; non-partnerships) Exhibit H-2 Form of U.S. Tax Compliance Certificate (Foreign Participants; non-partnerships) Exhibit H-3 Form of U.S. Tax Compliance Certificate (Foreign Participants; partnerships) Exhibit H-4 Form of U.S. Tax Compliance Certificate (Non-U.S. Lenders; partnerships) Schedule 7.05 Litigation Schedule 7.06 Environmental Matters Schedule 7.12 Insurance Schedule 7.14 Group Members Schedule 7.19 Gas Imbalances Schedule 7.20 Marketing of Production Schedule 7.22 Swap Agreements Schedule 9.03 Liens Schedule 9.05 Investments Schedule 9.14 Transactions with Affiliates THIS AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT dated as of April 23, 2018, is among SUNDANCE ENERGY INC., a Delaware corporation (“Parent”), SUNDANCE ENERGY, INC., a Colorado corporation (the “Borrower”), each of the Lenders from time to time party hereto and Xxxxxx Xxxxxxx Capital Administrators Inc. (in its individual capacity, “MSCAI”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Sundance Energy Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 4953 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 5054 SECTION 2.20. Incremental Term Loans 5155 SECTION 2.21. Refinancing Facilities. 5256 SECTION 2.22. Defaulting Lenders 5357 SECTION 2.23. Benchmark Replacement Setting. 57 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 Section 8.01 5459 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 5459 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 5459 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 5459 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 5459 SECTION 3.05. Properties 5560 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 5560 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 5560 SECTION 3.08. Investment Company Status 5661 SECTION 3.09. Taxes 5661 SECTION 3.10. ERISA 5661 -i- #92274486v19 #96535063v14 TABLE OF CONTENTS (Continued) Page SECTION 3.11. Disclosure 5661 SECTION 3.12. Federal Reserve Regulations 5661 SECTION 3.13. Liens 5661 SECTION 3.14. No Default 5661 SECTION 3.15. No Burdensome Restrictions 5661 SECTION 3.16. Solvency 5762 SECTION 3.17. Anti-Corruption Laws and Sanctions 5762 SECTION 3.18. EEA Financial Institutions 5762 SECTION 3.19. Plan Assets; Prohibited Transactions 5762 SECTION 3.20. Collateral Documents 5762 SECTION 3.21. Material Property 5762 SECTION 3.22. Patriot Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 5863 SECTION 3.23. Beneficial Ownership Certification 5863 SECTION 3.24. Designation as Senior Debt 5863 ARTICLE IX IV CONDITIONS 5863 SECTION 4.01. Effective Date 5863 ARTICLE V AFFIRMATIVE COVENANTS 41 Section 9.01 6065 SECTION 5.01. Financial Statements; Statements and Other Information 41 Section 9.02 6065 SECTION 5.02. Notices of Material Events 44 Section 9.03 6267 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 6267 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 6267 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 6368 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 6368 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 and Material Contractual Obligations 6469 SECTION 5.08. Use of Proceeds 6469 SECTION 5.09. Subsidiary Guaranty 6469 SECTION 5.10. Maintenance of Ratings 6671 SECTION 5.11. Post-Closing Conditions. 6671 SECTION 5.12. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 6671 ARTICLE VI NEGATIVE COVENANTS 6772 SECTION 6.01. Indebtedness 6772 SECTION 6.02. Liens 6873 SECTION 6.03. Fundamental Changes and Asset Sales 6974 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 7176 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans 7277 SECTION 6.06. Transactions with Affiliates 7277 SECTION 6.07. Restricted Payments 7378 SECTION 6.08. Restrictive Agreements 7378 SECTION 6.09. Junior Indebtedness and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Agreements 7479 SECTION 6.10. Sale and Leasebacks 55 Section 10.09 Proceeds Leaseback Transactions 7479 SECTION 6.11. Financial Covenant 7480 -ii- #92274486v19 #96535063v14 TABLE OF CONTENTS (Continued) Page ARTICLE VII EVENTS OF DEFAULT 7580 SECTION 7.01. Events of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 MergersDefault 7580 ARTICLE VIII THE ADMINISTRATIVE AGENT 7782 SECTION 8.01. Authorization and Action 7782 SECTION 8.02. Administrative Agent’s Reliance, Indemnification, Etc. 56 Section 10.13 Sale 7984 SECTION 8.03. Posting of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Communications 8085 SECTION 8.04. The Administrative Agent 62 Section 12.03 Action by Individually 8186 SECTION 8.05. Successor Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal 8287 SECTION 8.06. Acknowledgments of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release 8288 SECTION 8.07. Collateral and Liens 65 Matters 8388 SECTION 8.08. Credit Bidding 8388 SECTION 8.09. Certain ERISA Matters 8489 SECTION 8.10. Erroneous Payments. 90 ARTICLE XIII IX MISCELLANEOUS 65 Section 13.01 8592 SECTION 9.01. Notices 65 Section 13.02 8592 SECTION 9.02. Waivers; Amendments 66 Section 13.03 8693 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 8794 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 8995 SECTION 9.05. Survival 9399 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Effectiveness; Electronic Execution 93100 SECTION 9.07. Severability 72 Section 13.08 93100 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW94100 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 94101 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 95101 SECTION 9.11. Headings 73 Section 13.11 95102 SECTION 9.12. Confidentiality 73 Section 13.12 95102 SECTION 9.13. Material Non-Public Information 96102 SECTION 9.14. USA PATRIOT Act 96103 SECTION 9.15. Releases of Subsidiary Guarantors and Collateral 96103 SECTION 9.16. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap 98104 SECTION 9.17. No Advisory or Fiduciary Responsibility 98104 SECTION 9.18. Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions 99105 SECTION 9.19. Acknowledgement Regarding Any Support QFCs 99106 SECTION 9.20. Intercreditor Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76100107 -iii- #92274486v19 #96535063v14 TABLE OF CONTENTS (Continued) SCHEDULES: Schedule 2.01 – Commitments Schedule 3.01 – Subsidiaries Schedule 5.09 – Certain Mortgaged Properties Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.04 – Existing Investments – Existing Affiliate TransactionsSchedule 6.06 EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Subordination Terms Exhibit C-1 – Form of U.S. Tax Compliance Certificate (Foreign Lenders That Are Not Partnerships) Exhibit C-2 – Form of U.S. Tax Compliance Certificate (Foreign Participants That Are Not Partnerships) Exhibit C-3 – Form of U.S. Tax Compliance Certificate (Foreign Participants That Are Partnerships) Exhibit C-4 – Form of U.S. Tax Compliance Certificate (Foreign Lenders That Are Partnerships) Exhibit D – Form of Borrowing Request Exhibit E – Form of Interest Election Request Exhibit F – [Reserved] Exhibit G – Form of Solvency Certificate Exhibit H – Form of First Lien/First Lien Intercreditor Agreement Exhibit I – Form of First Lien/Second Lien Intercreditor Agreement Exhibit J – Form of Subsidiary Guaranty Exhibit K – Form of Security Agreement Exhibit L – Form of Perfection Certificate Exhibit M – Form of Perfection Certificate Supplement -i- #92274486v19 #96535063v14

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 offs; Administrative Agent’s Clawback 29 Section 4.02 Presumption 2.14 Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender Lenders 31 Section 7.05 No Waiver 31 2.15 Illegality 32 Section 2.16 Cash Collateral 33 Section 2.17 Defaulting Lenders 33 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 Section 8.01 3.01 Organization; Powers 31 35 Section 8.02 Authority3.02 Authorization; Enforceability 31 35 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 36 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 36 Section 8.05 3.05 Properties 36 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 37 Section 8.07 3.07 Compliance with the Laws and Agreements; No Defaults 34 Agreements 37 Section 8.08 3.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc Status 37 Section 8.18 Maintenance of Properties 3.09 Taxes 37 Section 3.10 ERISA 37 Block Financial LLC Credit Agreement i Page Section 3.11 Disclosure 38 Section 8.19 Gas Imbalances, Prepayments 3.12 Federal Regulations 38 Section 8.20 Marketing of Production 3.13 Subsidiaries 38 Section 8.21 Swap Agreements 39 3.14 Insurance 38 ARTICLE IV CONDITIONS Section 8.22 Use 4.01 Conditions of Effectiveness 38 Section 4.02 Conditions to all Loans 39 ARTICLE V AFFIRMATIVE COVENANTS Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 5.01 Financial Statements and Other Information 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 5.02 Notices of Material Events 44 42 Section 9.03 5.03 Existence; Conduct of Business 45 42 Section 9.04 5.04 Payment of Obligations 45 Taxes 42 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05 Maintenance of Properties 45 Properties; Insurance 43 Section 9.07 Insurance 46 Section 9.08 5.06 Books and Records; Inspection Rights 46 43 Section 9.09 5.07 Compliance with Laws 43 Section 5.08 Use of Proceeds 43 Section 5.09 Cleandown 43 ARTICLE VI NEGATIVE COVENANTS Section 6.01 Consolidated Net Worth 44 Section 6.02 Indebtedness 44 Section 6.03 Liens 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 6.04 Fundamental Changes; Sale of Assets 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 6.05 Transactions with Affiliates 57 49 Section 10.16 Capital Expenditures 57 6.06 Restrictive Agreements 49 ARTICLE VII GUARANTEE Section 10.17 Material Agreements 57 7.01 Guarantee 49 Section 10.18 Subsidiaries 57 7.02 Delay of Subrogation 50 Section 10.19 Negative Pledge Agreements7.03 Amendments, etc. with respect to the Obligations; Dividend Restrictions 57 Waiver of Rights 51 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 7.04 Guarantee Absolute and Unconditional 51 Section 10.21 Swap Agreements 58 7.05 Reinstatement 52 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 7.06 Payments 52 ARTICLE XI VIII EVENTS OF DEFAULT; DEFAULT AND REMEDIES 59 Section 11.01 8.01 Events of Default 59 52 Block Financial LLC Credit Agreement Page Section 11.02 8.02 Remedies 61 Upon Event of Default 54 Section 11.03 Disposition 8.03 Application of Proceeds 61 Funds 55 ARTICLE XII THE IX ADMINISTRATIVE AGENT 62 Section 12.02 Duties 9.01 Appointment and Obligations of Administrative Agent 62 Authority 55 Section 12.03 Action by Administrative Agent 63 9.02 Rights as a Lender 55 Section 12.04 9.03 Exculpatory Provisions 56 Section 9.04 Reliance by Administrative Agent 63 57 Section 12.05 Subagents 63 9.05 Delegation of Duties 57 Section 12.06 9.06 Resignation or Removal of Administrative Agent 64 57 Section 12.07 Agents as Lenders 64 Section 12.08 No 9.07 Non-Reliance 64 Section 12.09 Authority of on Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Other Lenders 58 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses9.08 No Other Duties, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Etc 58

Appears in 1 contract

Samples: Credit and Guarantee Agreement (H&r Block Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 74 Section 4.02 Presumption of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Agent; Defaulting Lender 76 Section 4.03 Disposition of Proceeds 77 ARTICLE V INCREASED COSTS; TAXES 24 REIMBURSEMENT OF PREPAYMENT COSTS; TAXES; INTEREST RATE AVAILABILITY Section 5.01 Increased Costs 24 78 Section 5.02 Reimbursement of Prepayment Costs 79 Section 5.03 Taxes 24 80 Section 5.04 Mitigation Obligations; Designation of Different Lending Office 83 Section 5.05 Replacement of Lenders 84 Section 5.06 Right of Lenders to Fund through Branches and Affiliates 84 Section 5.07 Alternate Rate of Interest 84 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT Section 6.01 Lockbox Account 25 Effective Date 87 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 Each Credit Event 88 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 7.01 Organization; Powers 31 89 Section 8.02 7.02 Authority; Enforceability 31 89 Section 8.03 7.03 Approvals; No Conflicts 31 90 Section 8.04 7.04 Financial Condition; No Material Adverse Change 32 90 Section 8.05 7.05 Litigation 32 90 Section 8.06 7.06 Environmental Matters 32 91 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 92 Section 8.08 7.08 Investment Company Act 34 92 Section 8.09 Public Utility Holding Company Act 34 7.09 Taxes 92 Section 8.10 Taxes 34 7.10 ERISA 92 Section 8.11 ERISA 34 Section 8.12 7.11 Disclosure; No Material Misstatements 35 93 Section 8.13 7.12 Insurance 36 93 Section 8.14 7.13 Restriction on Liens 36 93 Section 8.15 7.14 Subsidiaries 36 93 Section 8.16 7.15 Location of Business and Offices 36 93 Section 8.17 7.16 Properties; Titles, Etc 37 94 Section 8.18 7.17 Maintenance of Properties 38 94 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 7.18 Marketing of Production 38 94 Section 8.21 7.19 Swap Agreements 39 95 Section 8.22 7.20 Use of Loans 39 and Letters of Credit 95 Section 8.23 7.21 Solvency 39 95 Section 8.24 Casualty Events 39 7.22 Anti-Corruption Laws and Sanctions 95 Section 8.25 Material Agreements 39 7.23 Affected Financial Institutions 95 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 7.24 Security Instruments 96 ARTICLE IX VIII AFFIRMATIVE COVENANTS 41 Section 9.01 8.01 Financial Statements; Other Information 41 96 Section 9.02 8.02 Notices of Material Events 44 98 Section 9.03 8.03 Existence; Conduct of Business 45 99 Section 9.04 8.04 Payment of Obligations 45 99 Section 9.05 8.05 Performance of Obligations under Loan Documents 45 99 Section 9.06 8.06 Operation and Maintenance of Properties 45 99 Section 9.07 8.07 Insurance 46 100 Section 9.08 8.08 Books and Records; Inspection Rights 46 100 Section 9.09 8.09 Compliance with Laws 47 100 Section 9.10 8.10 Environmental Matters 47 100 Section 9.11 8.11 Further Assurances 48 101 Section 9.12 8.12 Reserve Reports 48 101 Section 9.13 8.13 Title Information 49 102 Section 9.14 8.14 Additional Collateral; Additional Guarantors 49 103 Section 9.15 8.15 ERISA Compliance 50 104 Section 9.16 Swap 8.16 Marketing Activities 105 Section 8.17 Unrestricted Subsidiaries 105 Section 8.18 Account Control Agreements 51 106 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 8.19 Post-Closing Undertakings 106 ARTICLE X IX NEGATIVE COVENANTS 52 Section 10.01 9.01 Financial Covenants 52 107 Section 10.02 9.02 Debt 53 107 Section 10.03 9.03 Liens 53 108 Section 10.04 Redemptions 53 9.04 Restricted Payments 109 Section 10.05 9.05 Investments, Loans and Advances 54 110 Section 10.06 9.06 Nature of Business 54 110 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 9.07 Proceeds of Notes 55 Loans 110 Section 10.10 ERISA Compliance 55 9.08 Mergers, Etc 111 Section 10.11 9.09 Sale or Discount of Receivables 56 111 Section 10.12 Mergers, Etc. 56 Section 10.13 9.10 Sale of Properties 56 111 Section 10.14 Environmental Matters 56 Section 10.15 9.11 Transactions with Affiliates 57 112 Section 10.16 Capital Expenditures 57 9.12 Subsidiaries 113 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 9.13 Negative Pledge Agreements; Dividend Restrictions 57 113 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 9.14 Swap Agreements 58 113 Section 10.22 Certain Activities 58 9.15 Permitted Unsecured Notes and Permitted Pari Term Loan Debt Restrictions 114 Section 10.23 Net Sales 58 9.16 Amendments to Organizational Documents 115 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 9.17 Changes in Fiscal Periods 115 ARTICLE XI X EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 10.01 Events of Default 59 115 Section 10.02 Remedies 117 ARTICLE XI THE AGENTS Section 11.01 Authorization and Action 118 Section 11.02 Remedies 61 Administrative Agent’s Reliance, Indemnification, Etc. 120 Section 11.03 Disposition Posting of Proceeds 61 Communications 121 Section 11.04 The Administrative Agent Individually 122 Section 11.05 Successor Administrative Agent 123 Section 11.06 Acknowledgements of Lenders and Issuing Banks. 124 Section 11.07 Collateral Matters 124 Section 11.08 Credit Bidding 125 Section 11.09 Certain ERISA Matters 126 Section 11.10 Administrative Agent’s Fees 128 Section 11.11 Erroneous Payments 128 iii Section 11.12 Intercreditor Agreement 129 ARTICLE XII THE ADMINISTRATIVE AGENT 62 MISCELLANEOUS Section 12.01 Notices 129 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 130 Section 13.03 12.03 Expenses, Indemnity; Damage Waiver. 66 Waiver 131 Section 13.04 12.04 Successors and Assigns 68 134 Section 13.05 12.05 Survival; Revival; Reinstatement 71 137 Section 13.06 12.06 Counterparts; Integration; Effectiveness 71 137 Section 13.07 12.07 Severability 72 139 Section 13.08 12.08 Right of Setoff 72 139 Section 13.09 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 PROCESS; WAIVER OF TRIAL BY JURY 139 Section 13.10 12.10 Headings 73 140 Section 13.11 12.11 Confidentiality 73 140 Section 13.12 12.12 Interest Rate Limitation 74 141 Section 13.13 12.13 EXCULPATION PROVISIONS 75 141 Section 13.14 12.14 Collateral Matters; Swap Agreements 75 Agreements; Cash Management 143 Section 13.15 12.15 No Third Party Beneficiaries 76 143 Section 13.16 Securitization 7612.16 USA Patriot Act Notice 143 Section 12.17 Keepwell 143 Section 12.18 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. 144 Section 12.19 Amendment and Restatement 144 Section 12.20 Flood Insurance 144 Section 12.21 Acknowledgement Regarding Any Supported QFCs 145 Section 12.22 Assignment and Assumption of Assigned Interests 145 Schedules and Exhibits: Schedule 1.1 Applicable Margin Schedule 1.2 Allocations Schedule 1.3 Compliance Information Schedule 1.4 Existing Letters of Credit Schedule Schedule 1.09 Sustainability Table Schedule 7.04(c) Material Debt and Liabilities Schedule 7.05 Litigation Schedule 7.06 Environmental Matters Schedule 7.14 Subsidiaries Schedule 7.18 Marketing Agreements Schedule 7.19 Swap Agreements Schedule 9.02(f) Existing Unsecured Notes Schedule 9.05 Investments Schedule 9.11 Affiliate Transactions Schedule 12.01 Notices Exhibit A-1 Form of Revolving Credit Note Exhibit A-2 Form of Term Note Exhibit B Form of Borrowing Request Exhibit C Form of Compliance Certificate Exhibit D Security Instruments Exhibit E Form of Assignment and Assumption Exhibit F Form of Request for Swing Line Loan Exhibit G Form of Swing Line Note Exhibit H Form of Swing Line Participation Certificate Exhibit I Form of Notice of Issuance of Letter of Credit Exhibit J-1 Form of U.S. Tax Compliance Certificate (Foreign Lenders; not partnerships) Exhibit J-2 Form of U.S. Tax Compliance Certificate (Foreign Participants; not partnerships) Exhibit J-3 Form of U.S. Tax Compliance Certificate (Foreign Participants; partnerships) Exhibit J-4 Form of U.S. Tax Compliance Certificate (Foreign Lenders; partnerships) Exhibit K Form of Elected Revolving Commitment Increase Certificate Exhibit L Form of Additional Revolving Lender Certificate FIFTH AMENDED AND RESTATED CREDIT AGREEMENT THIS FIFTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November 2, 2021, is among PDC Energy, Inc., a Delaware corporation (the “Borrower”), each of the Lenders from time to time party hereto, JPMorgan Chase Bank, N.A. as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and each of the other parties from time to time party hereto.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Off 4351 Section 4.02 Presumption 2.16 Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 4452 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 2.17 Defaulting Lenders 4553 Section 5.01 Increased Costs 24 2.18 Incremental Facility 4755 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit 2.19 Extension of the Lender 31 Maturity Date 4957 Section 7.05 No Waiver 31 2.20 Letters of Credit. 5058 ARTICLE VIII 3 REPRESENTATIONS AND WARRANTIES 31 5664 Section 8.01 3.01 Organization; Powers 31 5664 Section 8.02 Authority3.02 Authorization; Enforceability 31 5665 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 5665 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 5665 Section 8.05 3.05 Properties 5766 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 5766 Section 8.07 3.07 Compliance with the Laws and Agreements; No Defaults 34 Default 5766 Section 8.08 3.08 Investment Company Act 34 Status 5766 Section 8.09 Public Utility Holding Company Act 34 3.09 Margin Stock 5866 Section 8.10 3.10 Taxes 34 5867 Section 8.11 3.11 ERISA 34 5867 Section 8.12 Disclosure3.12 Disclosure 5968 Section 3.13 Subsidiaries 5968 Section 3.14 Solvency 6069 Section 3.15 Anti-Terrorism Law 6069 Section 3.16 FCPA; No Material Misstatements 35 Sanctions 6170 ARTICLE 4 CONDITIONS 6171 Section 8.13 Insurance 36 4.01 Effective Date 6171 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.02 Each Credit Event 6372 ARTICLE IX 5 AFFIRMATIVE COVENANTS 41 6373 Section 9.01 5.01 Financial Statements; Ratings Change and Other Information 41 6373 Section 9.02 5.02 Notices of Material Events 44 6575 Section 9.03 5.03 Existence; Conduct of Business 45 6575 Section 9.04 5.04 Payment of Obligations 45 Taxes and Other Claims 6575 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05 Maintenance of Properties 45 Properties; Insurance 6675 Section 9.07 Insurance 46 Section 9.08 5.06 Books and Records; Inspection Rights 46 6676 Section 9.09 5.07 ERISA-Related Information 6676 Section 5.08 Compliance with Laws 47 and Agreements 6777 Section 9.10 Environmental Matters 47 5.09 Use of Proceeds 6777 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 5.10 Additional CollateralGuarantors; Additional Guarantors 49 Collateral 6777 Section 9.15 ERISA Compliance 50 5.11 Holdings 6778 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 5.12 Post-Closing 6879 ARTICLE X 6 NEGATIVE COVENANTS 52 6879 Section 10.01 Financial Covenants 52 6.01 Indebtedness 6879 Section 10.02 Debt 53 6.02 Liens 6981 Section 10.03 Liens 53 6.03 Fundamental Changes 7183 Section 10.04 Redemptions 53 6.04 Restricted Payments 84 Section 10.05 Investments, Loans and Advances 54 6.05 Restrictive Agreements 85 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 6.06 Transactions with Affiliates 57 86 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 6.076.04 Use of Proceeds 7486 ARTICLE XI 7 EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 7486 Section 11.01 7.01 Events of Default 59 Default. 7486 Section 11.02 Remedies 61 7.02 Application of Funds 7689 ARTICLE 8 THE AGENTS 7790 Section 11.03 Disposition 8.01 Appointment of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of the Administrative Agent 62 7790 Section 12.03 Action by 8.02 Powers and Duties 7791 Section 8.03 General Immunity 7891 Section 8.04 Administrative Agent 63 Entitled to Act as Lender 7993 Section 12.04 Reliance by 8.05 Lenders’ Representations, Warranties and Acknowledgment 8093 Section 8.06 Right to Indemnity 8093 Section 8.07 Successor Administrative Agent. 8194 Section 8.08 Guaranty 8195 Section 8.09 Actions in Concert 95 Section 8.098.10 Withholding Taxes 8296 Section 8.108.11 Administrative Agent 63 May File Bankruptcy Disclosure and Proofs of Claim 8296 Section 12.05 Subagents 63 8.12 Intercreditor Agreements 97 Section 12.06 Resignation or Removal of Administrative Agent 64 8.13 Secured Cash Management Agreements and Secured Hedge Agreements 97 ARTICLE 9 MISCELLANEOUS 8397 Section 12.07 Agents as Lenders 64 9.01 Notices 8397 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 9.02 Waivers; Amendments 66 86101 Section 13.03 9.03 Expenses, ; Indemnity; Damage Waiver. 66 Waiver 87103 Section 13.04 9.04 Successors and Assigns 68 89104 Section 13.05 Survival; Revival; Reinstatement 71 9.05 Survival 93109 Section 13.06 9.06 Counterparts; Integration; Effectiveness 71 94109 Section 13.07 9.07 Severability 72 94109 Section 13.08 9.08 Right of Setoff 72 94110 Section 13.09 GOVERNING LAW9.09 Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 72 Consent to Service of Process. 95110 Section 13.10 9.10 Waiver Of Jury Trial 95111 Section 9.11 Headings 73 96111 Section 13.11 9.12 Confidentiality 73 96111 Section 13.12 9.13 Interest Rate Limitation 74 97113 Section 13.13 EXCULPATION PROVISIONS 75 9.14 No Advisory or Fiduciary Responsibility 97113 Section 13.14 Collateral Matters9.15 Electronic Execution of Assignments and Certain Other Documents 98113 Section 9.16 USA XXXXXXX Xxx 00000 Section 9.17 Release of Guarantors; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Release of Collateral. 98114

Appears in 1 contract

Samples: Security Agreement (Uber Technologies, Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 5255 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 5357 SECTION 2.20. Expansion Option 5457 SECTION 2.21. Defaulting Lenders 5558 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 Section 8.01 5761 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 5761 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 5861 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 5861 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 5862 SECTION 3.05. Properties 5862 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 5962 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 5963 SECTION 3.08. Investment Company Status 5963 SECTION 3.09. Taxes 5963 SECTION 3.10. ERISA 6063 SECTION 3.11. Disclosure 6063 -i- TABLE OF CONTENTS (Continued) Page SECTION 3.12. Federal Reserve Regulations 6064 SECTION 3.13. Liens 6064 SECTION 3.14. No Default 6064 SECTION 3.15. No Burdensome Restrictions 6064 SECTION 3.16. Solvency 6164 SECTION 3.17. Anti-Corruption Laws and Sanctions 6164 SECTION 3.18. Affected Financial Institutions 6164 SECTION 3.19. Plan Assets; Prohibited Transactions 6165 SECTION 3.20. Collateral Documents 6165 SECTION 3.21. Material Property 6265 SECTION 3.22. Patriot Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 6265 SECTION 3.23. Beneficial Ownership Certification 6265 SECTION 3.24. Designation as Senior Debt 6265 ARTICLE IX IV CONDITIONS 6265 SECTION 4.01. Restatement Effective Date 6265 SECTION 4.02. Each Credit Event 6367 ARTICLE V AFFIRMATIVE COVENANTS 41 Section 9.01 6467 SECTION 5.01. Financial Statements; Statements and Other Information 41 Section 9.02 6467 SECTION 5.02. Notices of Material Events 44 Section 9.03 6669 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 6670 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 6670 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 6670 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 6771 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 and Material Contractual Obligations 6771 SECTION 5.08. Use of Proceeds 6871 SECTION 5.09. Subsidiary Guaranty 6871 SECTION 5.10. [Reserved]. 7074 SECTION 5.11. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 7074 ARTICLE VI NEGATIVE COVENANTS 7074 SECTION 6.01. Indebtedness 7074 SECTION 6.02. Liens 7175 SECTION 6.03. Fundamental Changes and Asset Sales 7276 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 7477 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc7579 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 7579 SECTION 6.07. Restricted Payments 7679 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties 7680 SECTION 6.09. [Intentionally Omitted] 7680 SECTION 6.10. Sale and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage WaiverLeaseback Transactions 7780 SECTION 6.11. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Financial Covenants. 7780 -ii-

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 48 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 50 SECTION 2.20. Expansion Option 51 SECTION 2.21. Market Disruption 52 SECTION 2.22. Judgment Currency 53 SECTION 2.23. Defaulting Lenders 53 SECTION 2.24. Senior Debt 55 SECTION 2.25. Interest Act (Canada) 55 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 55 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 55 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 56 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 56 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 56 SECTION 3.05. Properties 57 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 57 Table of Contents (continued) Page SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 57 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 58 SECTION 3.09. Taxes 34 Section 8.11 58 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 58 SECTION 3.11. Disclosure 58 SECTION 3.12. Federal Reserve Regulations 58 SECTION 3.13. Liens 58 SECTION 3.14. No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business Default 58 SECTION 3.15. No Burdensome Restrictions 58 ARTICLE IV Conditions 59 SECTION 4.01. Effective Date 59 SECTION 4.02. Each Credit Event 60 ARTICLE V Affirmative Covenants 61 SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 61 SECTION 5.02. Notices of Material Events 44 Section 9.03 62 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 63 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 63 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 63 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 63 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 and Material Contractual Obligations 64 SECTION 5.08. Use of Proceeds 64 SECTION 5.09. Subsidiary Guaranties 64 SECTION 5.10. Notice of Leverage Ratio Increase 65 ARTICLE VI Negative Covenants 65 SECTION 6.01. Indebtedness 65 SECTION 6.02. Liens 66 SECTION 6.03. Fundamental Changes and Asset Sales 67 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 68 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc69 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 69 SECTION 6.07. Restricted Payments 69 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 70 SECTION 6.09. Subordinated Indebtedness and Amendments to Subordinated Indebtedness Documents 70 SECTION 6.10. Sale and Leaseback Transactions 71 SECTION 6.11. Intentionally Omitted. 71 SECTION 6.12. Financial Covenants 71 Table of Contents (continued) Page ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 72 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 74 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 77 SECTION 9.01. Notices 65 Section 13.02 77 SECTION 9.02. Waivers; Amendments 66 Section 13.03 78 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 80 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 81 SECTION 9.05. Survival 84 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 85 SECTION 9.07. Severability 72 Section 13.08 85 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW85 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 85 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 87 SECTION 9.11. Headings 73 Section 13.11 87 SECTION 9.12. Confidentiality 73 Section 13.12 87 SECTION 9.13. USA PATRIOT Act 88 SECTION 9.14. Several Obligations; Nonreliance; Violation of Law 88 SECTION 9.15. Disclosure 88 SECTION 9.16. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7688 ARTICLE X Company Guaranty 89 TABLE OF CONTENTS SCHEDULES: Schedule 2.01 — Commitments Schedule 2.02 — Mandatory Cost Schedule 2.06 — Existing Letters of Credit Schedule 3.01 — Subsidiaries Schedule 6.01 — Existing Indebtedness Schedule 6.02 — Existing Liens Schedule 6.04 — Existing Investments Schedule 6.12 — Multi-Employer Pension Plans EXHIBITS: Exhibit A — Form of Assignment and Assumption Exhibit B-1 — Form of Opinion of Loan Parties’ Special U.S. Counsel Exhibit B-2 — Form of Opinion of Loan Parties’ Special Canadian Counsel Exhibit C — Form of Increasing Lender Supplement Exhibit D — Form of Augmenting Lender Supplement Exhibit E — List of Closing Documents Exhibit F — Form of Compliance Certificate Exhibit G-1 — Form of Domestic Subsidiary Guaranty Exhibit G-2 — Form of Canadian Subsidiary Guaranty CREDIT AGREEMENT (this “Agreement”), dated as of March 7, 2012, among G&K SERVICES, INC., G&K SERVICES CANADA INC., the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, XXXXX FARGO BANK, NATIONAL ASSOCIATION and BANK OF AMERICA, N.A., as Co-Syndication Agents and SUNTRUST BANK and U.S. BANK NATIONAL ASSOCIATION, as Co-Documentation Agents. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Payments Generally. Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 50 SECTION 2.20. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 52 SECTION 2.21. Liquidity Facility Expansion Option 53 SECTION 2.22. Energy Hedging Facility Expansion Option 54 SECTION 2.23. Defaulting Lenders 55 ARTICLE V INCREASED COSTSIII Representations and Warranties 56 SECTION 3.01. Existence, Qualification and Power; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 ApprovalsCompliance with Laws 56 SECTION 3.02. Binding Effect 57 SECTION 3.03. Authorization; No Conflicts 31 Section 8.04 Contravention 57 SECTION 3.04. Governmental Authorization; Other Consents 57 SECTION 3.05. Taxes 57 SECTION 3.06. No Default 57 SECTION 3.07. Financial ConditionStatements; No Material Adverse Change 32 Section 8.05 Effect; Indebtedness 58 SECTION 3.08. Ranking 58 SECTION 3.09. Ownership of Assets 58 SECTION 3.11. Insurance 58 SECTION 3.12. Disclosure 58 SECTION 3.13. Subsidiaries; Equity Interests 59 Table of Contents continued SECTION 3.14. No Dividend Restrictions 59 SECTION 3.15. Litigation 32 Section 8.06 59 SECTION 3.16. Solvency 59 SECTION 3.17. Margin Regulations; Investment Company Act; USA PATRIOT Act 59 SECTION 3.18. ERISA Compliance 60 SECTION 3.19. Environmental Matters 32 Section 8.07 Compliance 60 SECTION 3.20. Labor Disputes 61 SECTION 3.21. Affiliate Transactions 61 ARTICLE IV Conditions 61 SECTION 4.01. Effective Date 61 SECTION 4.02. Each Credit Event 62 ARTICLE V Affirmative Covenants 63 SECTION 5.01. Financial Statements 63 SECTION 5.02. Compliance Certificate 64 SECTION 5.03. Notices 64 SECTION 5.04. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 65 SECTION 5.05. Preservation of Business and Offices 36 Section 8.17 Existence, Etc. 65 SECTION 5.06. Compliance with Environmental Laws 65 SECTION 5.07. Maintenance of Properties; Titles, Etc 37 Section 8.18 Ownership of Subsidiaries 66 SECTION 5.08. Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Insurance 66 SECTION 5.09. Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Proceeds 66 SECTION 5.10. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan 66 SECTION 5.11. Cooperation 66 SECTION 5.12. Books and Records 66 SECTION 5.13. Financing Documents; Material Documents 45 Section 9.06 Operation and 66 SECTION 5.14. Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Ratings 67 SECTION 5.15. Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 67 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 67 SECTION 6.01. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 67 SECTION 6.02. Dispositions 70 SECTION 6.03. Investments 71 SECTION 6.04. Fundamental Changes 72 SECTION 6.05. Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc72 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Affiliates; Management Fees 73 SECTION 6.07. Accounting Changes 73 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 73 SECTION 6.09. Financial Covenant 74 SECTION 6.10. Preservation of Rights 74 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 74 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal 77 Table of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Contents continued

Appears in 1 contract

Samples: Credit Agreement (Puget Energy Inc /Wa)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 offs; Administrative Agent's Clawback 48 Section 4.02 Presumption 2.18 Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 50 Section 4.03 Certain Deductions by the Administrative Agent 23 2.19 Defaulting Lenders 51 Section 2.20 Increase Option 53 Section 2.21 Extension of Loans and Commitments 54 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 57 Section 8.01 3.01 Organization; Powers 31 57 Section 8.02 Authority3.02 Authorization; Enforceability 31 57 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 58 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 58 Section 8.05 3.05 Properties 58 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 59 Section 8.07 3.07 Compliance with the Laws and Agreements; No Defaults 34 Agreements 59 ‑i‑ Section 8.08 3.08 Investment Company Act 34 Status 59 Section 8.09 Public Utility Holding Company Act 34 3.09 Taxes 59 Section 8.10 Taxes 34 3.10 ERISA 59 Section 8.11 ERISA 34 3.11 Disclosure 60 Section 8.12 Disclosure; No Material Misstatements 35 3.12 Federal Regulations 60 Section 8.13 3.13 Subsidiaries 60 Section 3.14 Insurance 36 60 Section 8.14 Restriction on Liens 36 3.15 Anti-Corruption Laws and Sanctions 60 Section 8.15 Subsidiaries 36 3.16 EEA Financial Institutions 61 ARTICLE IV CONDITIONS 61 Section 8.16 Location 4.01 Conditions of Business and Offices 36 Effectiveness 61 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of 4.02 Conditions to all Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 62 ARTICLE IX V AFFIRMATIVE COVENANTS 41 63 Section 9.01 5.01 Financial Statements; Statement and Other Information 41 63 Section 9.02 5.02 Notices of Material Events 44 65 Section 9.03 5.03 Existence; Conduct of Business 45 65 Section 9.04 5.04 Payment of Obligations 45 Taxes 66 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05 Maintenance of Properties 45 Properties; Insurance 66 Section 9.07 Insurance 46 Section 9.08 5.06 Books and Records; Inspection Rights 46 66 Section 9.09 5.07 Compliance with Laws 47 66 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing 5.08 Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right Proceeds and Letters of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Credit 66 ARTICLE X VI NEGATIVE COVENANTS 52 67 Section 10.01 6.01 Financial Covenants 52 67 Section 10.02 Debt 53 6.02 Indebtedness 68 Section 10.03 6.03 Liens 53 68 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 6.04 Fundamental Changes; Sale of Properties 56 Assets 69 Section 10.14 Environmental Matters 56 Section 10.15 Transactions 6.05 Transaction with Affiliates 57 69 Section 10.16 Capital Expenditures 57 6.06 Restrictive Agreements 69 Section 10.17 6.07 Affected Non-Material Agreements 57 Subsidiaries 70 ARTICLE VII GUARANTEE 70 Section 10.18 Subsidiaries 57 7.01 Guarantee 70 Section 10.19 Negative Pledge Agreements7.02 Delay of Subrogation 71 Section 7.03 Amendments, etc. with respect to the Obligations; Dividend Restrictions 57 Waiver of Rights 71 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 7.04 Guarantee Absolute and Unconditional 72 Section 10.21 Swap Agreements 58 7.05 Reinstatement 73 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 7.06 Payments 73 ARTICLE XI VIII EVENTS OF DEFAULT; DEFAULT AND REMEDIES 59 73 ‑ii‑ Section 11.01 8.01 Events of Default 59 73 Section 11.02 8.02 Remedies 61 Upon Event of Default 75 Section 11.03 Disposition 8.03 Application of Proceeds 61 Funds 75 ARTICLE XII THE IX ADMINISTRATIVE AGENT 62 76 ARTICLE X MISCELLANEOUS 79 Section 12.02 Duties and Obligations of Administrative Agent 62 10.01 Notices; Effectiveness; Electronic Communication 79 Section 12.03 Action by Administrative Agent 63 10.02 Amendments; Etc. 81 Section 12.04 Reliance by Administrative Agent 63 10.03 Enforcement 83 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers10.04 Expenses; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Waiver 83 Section 13.04 10.05 Payments Set Aside 85 Section 10.06 Successors and Assigns 68 85 Section 13.05 Survival; Revival; Reinstatement 71 10.07 Survival 90 Section 13.06 10.08 Counterparts; Integration; Effectiveness 71 Effectiveness; Amendment and Restatement 90 Section 13.07 10.09 Severability 72 90 Section 13.08 10.10 Right to Setoff 91 Section 10.11 Governing Law; Jurisdiction; Etc. 91 Section 10.12 Waiver of Setoff 72 Jury Trail 92 Section 13.09 GOVERNING LAW10.13 Treatment of Certain Information; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Confidentiality 92 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 10.14 Interest Rate Limitation 74 94 Section 13.13 EXCULPATION PROVISIONS 75 10.15 No Advisory or Fiduciary Responsibility 94 Section 13.14 Collateral Matters; Swap Agreements 75 10.16 Electronic Execution of Assignments and Certain Other Documents 94 Section 13.15 No Third Party Beneficiaries 76 10.17 USA PATRIOT Act 95 Section 13.16 Securitization 7610.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 95 ‑iii‑ SCHEDULES

Appears in 1 contract

Samples: Credit and Guarantee Agreement (H&r Block Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 58 Section 4.02 Presumption 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 59 Section 4.03 Certain Deductions by the Administrative Agent 23 2.20. Judgment Currency 60 Section 2.21. Defaulting Lenders 60 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 61 Section 8.01 3.01. Organization; Powers 31 Powers; Subsidiaries 61 Section 8.02 Authority3.02. Authorization; Enforceability 31 61 Section 8.03 3.03. Governmental Approvals; No Conflicts 31 62 Section 8.04 3.04. Financial Condition; No Material Adverse Change 32 62 Section 8.05 3.05. Properties 62 Section 3.06. Litigation 32 63 Section 8.06 Environmental Matters 32 3.07. Investment Company Status 63 Section 8.07 Compliance with the 3.08. Taxes 63 Section 3.09. ERISA 63 Section 3.10. Disclosure 63 Section 3.11. Federal Reserve Regulations 64 Section 3.12. No Default 64 Section 3.13. Anti-Corruption Laws and Agreements; No Defaults 34 Sanctions 64 Section 8.08 Investment Company Act 34 3.14. Scheme Documents and Related Documents 65 TABLE OF CONTENTS (continued) Page ARTICLE IV CONDITIONS 65 Section 8.09 Public Utility Holding Company Act 34 4.01. Effective Date 65 Section 8.10 Taxes 34 4.02. Closing Date 66 Section 8.11 ERISA 34 4.03. Borrowing Date 67 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments 4.04. Actions by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Lenders During Availability Period 68 ARTICLE IX V AFFIRMATIVE COVENANTS 41 69 Section 9.01 5.01. Financial Statements; Statements and Other Information 41 69 Section 9.02 5.02. Notices of Material Events 44 70 Section 9.03 5.03. Existence; Conduct of Business 45 71 Section 9.04 5.04. Payment of Obligations 45 71 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05. Maintenance of Properties 45 Properties; Insurance 71 Section 9.07 Insurance 46 Section 9.08 5.06. Books and Records; Inspection Rights 46 72 Section 9.09 5.07. Compliance with Laws 47 and Material Contractual Obligations 72 Section 9.10 Environmental 5.08. Use of Proceeds 72 Section 5.09. Additional Guarantors; Collateral 73 Section 5.10. Centre of Main Interests and Establishment 73 Section 5.11. The Scheme, Takeover Offer and Related Matters 47 73 ARTICLE VI NEGATIVE COVENANTS 76 Section 9.11 Further Assurances 48 6.01. Indebtedness 76 Section 9.12 Reserve Reports 48 6.02. Liens 79 Section 9.13 Title Information 49 6.03. Fundamental Changes and Asset Sales 81 Section 9.14 Additional Collateral; Additional Guarantors 49 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 82 Section 9.15 ERISA Compliance 50 Section 9.16 6.05. Swap Agreements 51 84 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 84 Section 10.16 Capital Expenditures 57 6.07. Restricted Payments 86 Section 10.17 Material 6.08. Burdensome Agreements 57 88 Section 10.18 Subsidiaries 57 6.09. Tax Elections 90 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 6.10. Transfer of Assets 90 Section 10.20 Gas Imbalances, Take6.11. Anti-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Corruption Laws and Sanctions 90 ARTICLE XI VII EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 91 ARTICLE VIII THE AGENTS 94 ARTICLE IX MISCELLANEOUS 99 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 9.01. Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7699

Appears in 1 contract

Samples: Bridge Credit Agreement

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 28 SECTION 2.16. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 30 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 Section 8.01 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthoritySECTION 3.02. Authorization; Enforceability 31 Section 8.03 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation SECTION 3.05. Properties 32 Section 8.06 SECTION 3.06. Litigation, Environmental and Intellectual Property Matters 32 Section 8.07 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 33 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Section 8.10 Status 33 SECTION 3.09. Taxes 34 Section 8.11 33 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 33 SECTION 3.11. Disclosure 33 SECTION 3.12. Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Credit 34 SECTION 3.13. Liens 34 SECTION 3.14. Subsidiaries 34 ARTICLE IX IV CONDITIONS 34 SECTION 4.01. Effective Date 34 SECTION 4.02. Each Credit Event 35 ARTICLE V AFFIRMATIVE COVENANTS 41 Section 9.01 35 SECTION 5.01. Financial Statements; Statements and Other Information 41 Section 9.02 35 SECTION 5.02. Notices of Material Events 44 Section 9.03 37 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 37 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 37 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 37 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 38 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing 38 SECTION 5.08. Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Proceeds 38 ARTICLE X VI NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 38 SECTION 6.01. Liens 53 Section 10.04 Redemptions 53 Section 10.05 38 SECTION 6.02. Fundamental Changes 39 SECTION 6.03. Transactions with Affiliates 40 SECTION 6.04. Indebtedness 40 SECTION 6.05. Acquisitions 41 SECTION 6.06. Investments, ; Loans and Advances 54 Section 10.06 to Third Parties 41 SECTION 6.07. Dividends 41 SECTION 6.08. Change in Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc41 SECTION 6.09. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Financial Covenants 42 ARTICLE XI VII EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 DEFAULT 42 ARTICLE XII VIII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 44 ARTICLE XIII IX MISCELLANEOUS 65 Section 13.01 47 SECTION 9.01. Notices 65 Section 13.02 47 SECTION 9.02. Waivers; Amendments 66 Section 13.03 47 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 48 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 49 SECTION 9.05. Survival 52 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 52 SECTION 9.07. Severability 72 Section 13.08 53 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW53 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Etc. 53 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 54 SECTION 9.11. Headings 73 Section 13.11 54 SECTION 9.12. Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7654 SECTION 9.13. USA PATRIOT Act 55 SECTION 9.14. Judgment Currency 55 SCHEDULE I - Commitments SCHEDULE II-A - Litigation SCHEDULE II-B - Environmental Matters SCHEDULE II-C - Intellectual Property SCHEDULE III - Subsidiaries SCHEDULE IV - Mandatory Cost Formulae SCHEDULE V - Administrative Agent’s Office SCHEDULE VI - Assignment and Recordation Fees EXHIBIT A Form of Assignment and Assumption EXHIBIT B-I Form of Opinion of Special Irish Counsel to the Borrower EXHIBIT B-2 Form of Opinion of Special New York Counsel to the Borrower CREDIT AGREEMENT, dated as of October 21, 2005, between XXXX XXXXXXX LIMITED, the LENDERS party hereto, and BANK OF AMERICA, N.A., as Administrative Agent. The Borrower (as hereinafter defined) has requested that the Lenders (as so defined) make loans to it in an aggregate principal amount not exceeding $250,000,000 at any one time outstanding. The Lenders are prepared to make such loans upon the terms and conditions hereof, and, accordingly, the parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Bard C R Inc /Nj/)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 2.14 Defaulting Lender 27 Section 7.01 Initial Funding 27 2.15 Commitment Increase 28 Section 7.02 Subsequent Fundings 2.16 Commitment Extension 30 ARTICLE III Representations and Warranties 32 Section 7.03 All Fundings 30 3.01 Organization and Powers; Place of Business 32 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority3.02 Authorization; Enforceability 31 32 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 33 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 33 Section 8.05 3.05 Litigation 32 Section 8.06 and Environmental Matters 32 33 Section 8.07 Compliance with the Laws and Agreements; No Defaults 3.06 Investment Company Status 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 3.07 Taxes 34 Section 8.11 3.08 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 3.09 Disclosure 34 Section 3.10 Subsidiaries 35 Section 8.13 Insurance 36 3.11 Margin Regulations 35 Section 8.14 Restriction on Liens 36 3.12 Anti-Corruption Laws; Sanctions 35 ARTICLE IV Conditions 35 35 Section 8.15 Subsidiaries 36 4.01 Restatement Date 35 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 4.02 Each Borrowing 37 Section 8.18 Maintenance of Properties 4.03 Each Commitment Increase 37 ARTICLE V Covenants 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments 5.01 Financial Statements and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 38 i Section 9.02 Notices of Material Events 44 Section 9.03 5.02 Existence; Conduct of Business 45 39 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.03 Maintenance of Properties 45 Properties; Insurance 40 Section 9.07 Insurance 46 Section 9.08 5.04 Books and Records; Inspection Rights 46 40 Section 9.09 5.05 Compliance with Laws 47 40 Section 9.10 Environmental Matters 47 5.06 Use of Proceeds 41 Section 9.11 Further Assurances 48 5.07 Liens 41 Section 9.12 Reserve Reports 48 5.08 Fundamental Changes 43 Section 9.13 Title Information 49 5.09 Financial Covenant 44 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 5.10 Limitation on Leases 54 Restrictions on Subsidiary Dividends and Other Distributions 44 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 5.11 Transactions with Affiliates 57 45 Section 10.16 Capital Expenditures 57 5.12 Subsidiary Guarantors 46 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 5.13 Subsidiary Debt 47 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VI Events of Default 59 47 Section 11.02 Remedies 61 6.01 Events of Default 47 ARTICLE VII The Administrative Agent 50 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 7.01 Appointment and Authority 50 Section 12.02 7.02 Administrative Agent Individually 50 Section 7.03 Duties and Obligations of Administrative Agent 62 Agent; Exculpatory Provisions 50 Section 12.03 Action by Administrative Agent 63 Section 12.04 7.04 Reliance by Administrative Agent 63 51 Section 12.05 Subagents 63 7.05 Delegation of Duties 51 Section 12.06 7.06 Resignation or Removal of Administrative Agent 64 52 Section 12.07 Agents as Lenders 64 Section 12.08 No 7.07 Non-Reliance 64 Section 12.09 Authority of on Administrative Agent and Other Lenders 53 Section 7.08 Termination of Subsidiary Guaranty 53 Section 7.09 No Other Duties, etc. 53 ARTICLE VIII Guarantee 53 Section 8.01 The Guarantee 53 Section 8.02 Guarantee Unconditional 53 Section 8.03 Discharge Only upon Payment in Full; Reimbursement in Certain Circumstances 54 Section 8.04 Waiver by the Guarantor 54 Section 8.05 Subrogation 54 Section 8.06 Stay of Acceleration 55 ARTICLE IX Yield Protection, Illegality and Taxes 55 Section 9.01 Alternate Rate of Interest 55 Section 9.02 Illegality 55 Section 9.03 Increased Costs 56 Section 9.04 Break Funding Payments 57 Section 9.05 Taxes 57 Section 9.06 Matters Applicable to Release Collateral and Liens 65 all Requests for Compensation 59 Section 9.07 Mitigation Obligations 59 ARTICLE XIII MISCELLANEOUS 65 X Miscellaneous 59 Section 13.01 10.01 Notices 65 59 Section 13.02 10.02 Waivers; Amendments 66 61 Section 13.03 10.03 Expenses, ; Indemnity; Damage Waiver. 66 Waiver 62 Section 13.04 10.04 Successors and Assigns 68 64 Section 13.05 Survival; Revival; Reinstatement 71 10.05 Survival 69 Section 13.06 10.06 Counterparts; Integration; Effectiveness 71 69 Section 13.07 10.07 Severability 72 69 Section 13.08 10.08 Right of Setoff 70 Section 10.09 Governing Law; Jurisdiction; Consent to Service of Process 70 Section 10.10 Waiver of Jury Trial 71 Section 10.11 Waiver of Immunities 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 10.12 Judgment Currency 72 Section 13.10 10.13 Headings 73 72 Section 13.11 10.14 Confidentiality 73 72 Section 13.12 Interest Rate Limitation 10.15 Posting of Approved Electronic Communications 74 Section 13.13 EXCULPATION PROVISIONS 75 10.16 Treatment of Information 74 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 10.17 [Reserved] 76 Section 13.16 Securitization 7610.18 USA PATRIOT Act Notice 76 Section 10.19 No Fiduciary Duty 77 SCHEDULES: Schedule 1.01 - Pricing Grid Schedule 2.01 – Commitments Schedule 5.09 – Cross Guarantees Schedule 10.01 - Administrative Agent’s Office EXHIBITS: Exhibit A - Form of Note Exhibit B - Form of Assignment and Assumption Exhibit C-1 - Form of opinion of general counsel of Guarantor Exhibit C-2 - Form of opinion of special Luxembourg counsel Exhibit C-3 - Form of opinion of special Irish counsel Exhibit C-4 - Form of opinion of special New York counsel Exhibit D - Form of Subsidiary Guaranty Exhibit E - Form of Commitment Increase Notice Exhibit F - Form of Commitment Extension Notice AMENDED AND RESTATED FIVE-YEAR SENIOR UNSECURED CREDIT AGREEMENT (this “Agreement”) dated as of August 7, 2015 (the “Closing Date”), among TYCO INTERNATIONAL FINANCE S.A., a Luxembourg company (the “Borrower”), TYCO INTERNATIONAL PLC, an Irish public limited company (“Guarantor”), the LENDERS party hereto and CITIBANK, N.A., as Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (TYCO INTERNATIONAL PLC)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 48 Section 4.02 Presumption 2.21. Letters of Payment by the Borrower 23 Credit 49 Section 4.03 Certain Deductions by the Administrative Agent 23 2.22. Mitigation of Obligations 53 Section 2.23. Replacement of Lenders 53 Section 2.24. Defaulting Lenders 54 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII III CONDITIONS PRECEDENT 27 TO LOANS AND LETTERS OF CREDIT 57 Section 7.01 Initial Funding 27 3.1. Conditions to Effectiveness 57 Section 7.02 Subsequent Fundings 30 3.2. Conditions to Each Credit Event 60 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit 3.3. Delivery of the Lender 31 Section 7.05 No Waiver 31 Documents 60 ARTICLE VIII IV REPRESENTATIONS AND WARRANTIES 31 60 Section 8.01 Organization4.1. Existence; Powers 31 Power 60 Section 8.02 Authority4.2. Organizational Power; Enforceability 31 Authorization 61 Section 8.03 4.3. Governmental Approvals; No Conflicts 31 61 Section 8.04 4.4. Financial Condition; No Material Adverse Change 32 Statements 61 Section 8.05 4.5. Litigation 32 Section 8.06 and Environmental Matters 32 61 Section 8.07 4.6. Compliance with the Laws and Agreements; No Defaults 34 Agreements 62 Section 8.08 4.7. Investment Company Act 34 63 Section 8.09 Public Utility Holding Company Act 34 4.8. Taxes 63 Section 8.10 Taxes 34 4.9. Margin Regulations 63 Section 8.11 4.10. ERISA 34 63 Section 8.12 Disclosure4.11. Ownership of Property; No Material Misstatements 35 Insurance 64 Section 8.13 Insurance 36 4.12. Disclosure 65 Section 8.14 4.13. Labor Relations 65 Section 4.14. Subsidiaries 66 Section 4.15. Solvency 66 Section 4.16. Deposit and Disbursement Accounts 66 Section 4.17. Collateral Documents 66 Section 4.18. Restriction on Liens 36 67 Section 8.15 Subsidiaries 36 4.19. Material Agreements 67 Section 8.16 Location of Business and Offices 36 4.20. OFAC; Foreign Corrupt Practices Act 67 Section 8.17 Properties; Titles, Etc 37 4.21. Patriot Act 67 Section 8.18 Maintenance of Properties 38 Section 8.19 4.22. Gas Imbalances, ; Prepayments 38 67 Section 8.20 4.23. Marketing of Production 38 68 Section 8.21 Swap Agreements 39 4.24. Hedging Transactions and Qualified ECP Guarantor 68 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.25. EEA Financial Institutions 68 ARTICLE IX V AFFIRMATIVE COVENANTS 41 68 Section 9.01 5.1. Financial Statements; Statements and Other Information 41 68 Section 9.02 5.2. Notices of Material Events 44 70 Section 9.03 5.3. Existence; Conduct of Business 45 71 Section 9.04 5.4. Compliance with Laws 71 Section 5.5. Payment of Obligations 45 71 Section 9.05 Performance of Obligations under Loan Documents 45 5.6. Books and Records 71 Section 9.06 Operation 5.7. Visitation and Inspection 72 Section 5.8. Maintenance of Properties 45 Properties; Insurance 72 Section 9.07 Insurance 46 5.9. Use of Proceeds; Margin Regulations 73 Section 9.08 Books 5.10. Intentionally Omitted 73 Section 5.11. Cash Management 73 Section 5.12. Additional Subsidiaries and Records; Inspection Rights 46 Collateral 74 Section 9.09 Compliance with Laws 47 5.13. Reserve Reports 75 Section 9.10 5.14. Title Information 76 Section 5.15. Additional Mortgaged Property 76 Section 5.16. Further Assurances 77 Section 5.17. Environmental Matters 47 77 Section 9.11 Further Assurances 48 5.18. Commodity Exchange Act Keepwell Provisions 78 Section 9.12 Reserve Reports 48 5.19. Minimum Hedging 78 ARTICLE VI FINANCIAL COVENANTS 78 Section 9.13 Title Information 49 6.1. Leverage Ratio 78 Section 9.14 Additional Collateral; Additional Guarantors 49 6.2. Current Ratio 78 Section 9.15 ERISA Compliance 50 6.3. Intentionally Omitted 78 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 6.4. Cure Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 79 ARTICLE X VII NEGATIVE COVENANTS 52 79 Section 10.01 Financial Covenants 52 7.1. Indebtedness and Preferred Equity 79 Section 10.02 Debt 53 7.2. Liens 80 Section 10.03 Liens 53 7.3. Fundamental Changes 81 Section 10.04 Redemptions 53 Section 10.05 7.4. Investments, Loans and Advances 54 82 Section 10.06 Nature 7.5. Restricted Payments 83 Section 7.6. Sale of Business 54 Properties; Termination of Hedging Transactions 84 Section 10.07 Limitation on Leases 54 7.7. Transactions with Affiliates 86 Section 10.08 7.8. Restrictive Agreements 86 Section 7.9. Sale and Leasebacks 55 Leaseback Transactions 87 Section 10.09 Proceeds of Notes 55 7.10. Hedging Transactions 87 Section 10.10 ERISA Compliance 55 7.11. Amendment to Material Documents 88 Section 10.11 7.12. Sale or Discount of Receivables 56 88 Section 10.12 Mergers, Etc7.13. 56 Accounting Changes 88 Section 10.13 Sale of Properties 56 7.14. Intentionally Omitted 88 Section 10.14 Environmental Matters 56 7.15. Government Regulation 88 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 7.16. Gas Imbalances, Take-or-Pay or Other Prepayments 57 88 Section 10.21 Swap Agreements 58 7.17. Intentionally Omitted 88 Section 10.22 Certain Activities 58 7.18. Non-Qualified ECP Guarantors 88 Section 10.23 Net Sales 58 7.19. Environmental Matters 88 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 7.20. Sanctions and Anti-Corruption Laws 89 ARTICLE XI VIII EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 89 Section 11.01 8.1. Events of Default 59 89 Section 11.02 Remedies 61 Section 11.03 Disposition 8.2. Application of Proceeds 61 from Collateral 92 ARTICLE XII IX THE ADMINISTRATIVE AGENT 62 93 Section 12.02 Duties and Obligations 9.1. Appointment of the Administrative Agent 62 93 Section 12.03 Action by 9.2. Nature of Duties of the Administrative Agent 63 94 Section 12.04 9.3. Lack of Reliance on the Administrative Agent 94 Section 9.4. Certain Rights of the Administrative Agent 95 Section 9.5. Reliance by the Administrative Agent 63 95 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of 9.6. The Administrative Agent 64 in its Individual Capacity 95 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of 9.7. Successor Administrative Agent 95 Section 9.8. Withholding Tax 96 Section 9.9. The Administrative Agent May File Proofs of Claim 96 Section 9.10. Authorization to Execute Other Loan Documents 97 Section 9.11. Collateral and Guaranty Matters 97 Section 9.12. Right to Realize on Collateral and Enforce Guarantee 98 Section 9.13. Secured Bank Product Obligations and Hedging Obligations 98 Section 9.14. Authority to Release Guarantors, Collateral and Liens 65 98 ARTICLE XIII X MISCELLANEOUS 65 99 Section 13.01 Notices 65 10.1. Notices. 99 Section 13.02 Waivers10.2. Waiver; Amendments 66 101 Section 13.03 10.3. Expenses, Indemnity; Damage WaiverIndemnification 102 Section 10.4. 66 Section 13.04 Successors and Assigns 68 104 Section 13.05 Survival10.5. Governing Law; RevivalJurisdiction; Reinstatement 71 Consent to Service of Process 107 Section 13.06 10.6. WAIVER OF JURY TRIAL 108 Section 10.7. Right of Set-off 108 Section 10.8. Counterparts; Integration; Effectiveness 71 Integration 109 Section 13.07 10.9. Survival 109 Section 10.10. Severability 72 109 Section 13.08 Right of Setoff 72 10.11. Confidentiality 109 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 10.12. Interest Rate Limitation 74 110 Section 13.13 EXCULPATION PROVISIONS 75 10.13. Waiver of Effect of Corporate Seal 110 Section 13.14 Collateral Matters10.14. Patriot Act 110 Section 10.15. No Advisory or Fiduciary Responsibility 110 Section 10.16. Acknowledgment and Consent to Bail-In of EEA Financial Institutions 111 Schedules Schedule I - Applicable Margin and Applicable Percentage Schedule II Pro Rata Shares, Elected Commitments and Maximum Loan Amounts Schedule 4.5 - Environmental Matters Schedule 4.11 - Insurance Schedule 4.14 - Subsidiaries Schedule 4.16 - Deposit and Disbursement Accounts Schedule 4.19 - Material Agreements Schedule 4.22 - Gas Imbalances; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Prepayments Schedule 4.23 - Marketing of Production Schedule 4.24 - Hedging Transactions Schedule 7.1 - Existing Indebtedness Schedule 7.2 - Existing Liens Schedule 7.4 - Existing Investments Exhibits Exhibit A - Form of Assignment and Acceptance Exhibit B - Form of Promissory Note Exhibit 2.3 - Form of Notice of Borrowing Exhibit 2.6 - Form of Notice of Continuation/Conversion Exhibit 2.7(d)(ii)(D) - Form of Elected Commitment Increase Certificate Exhibit 2.7(d)(ii)(E) - Form of Additional Lender Certificate Exhibit 2.19 - Tax Certificates Exhibit 5.1(c) - Form of Compliance Certificate CREDIT AGREEMENT THIS CREDIT AGREEMENT (this “Agreement”) is made and entered into as of September 28, 2017, by and among XXXXX EXPLORATION - PERMIAN, LLC, a Delaware limited liability company (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), and SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”) and as issuing bank (the “Issuing Bank”).

Appears in 1 contract

Samples: Credit Agreement (Riley Exploration - Permian, LLC)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 48 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 49 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties SECTION 3.01. Organization; Powers 31 Section 8.02 Authority50 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 50 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 51 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 51 SECTION 3.05. Properties 51 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 52 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 52 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Section 8.10 Status 52 SECTION 3.09. Taxes 34 Section 8.11 52 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 53 SECTION 3.11. Disclosure 53 SECTION 3.12. Initial Guarantors 53 ARTICLE IV Conditions SECTION 4.01. Effective Date 53 SECTION 4.02. Each Credit Event 55 ARTICLE V Affirmative Covenants SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 55 SECTION 5.02. Notices of Material Events 44 Section 9.03 57 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 57 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 58 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 58 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 58 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing 58 SECTION 5.08. Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Proceeds 58 SECTION 5.09. Principal Domestic Subsidiaries 59 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 SECTION 6.01. Subsidiary Indebtedness 59 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 59 SECTION 6.03. Fundamental Changes 60 SECTION 6.04. Investments, Loans Loans, Advances, Guarantees and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, EtcAcquisitions 61 SECTION 6.05. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Hedging Agreements 63 SECTION 6.06. Restricted Payments 63 SECTION 6.07. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 63 SECTION 6.08. Issuances of Equity Interests by Principal Domestic Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take64 SECTION 6.09. Leverage Ratio 64 SECTION 6.10. Fixed Charge Coverage Ratio 64 SECTION 6.11. Sale and Lease-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Back Transactions 64 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition SECTION 7.01. Events of Proceeds 61 Default 65 SECTION 7.02. Exclusion of Immaterial Subsidiaries 67 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 VIII The Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous SECTION 9.01. Notices 65 Section 13.02 70 SECTION 9.02. Waivers; Amendments 66 Section 13.03 71 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 72 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 74 SECTION 9.05. Survival 77 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 78 SECTION 9.07. Severability 72 Section 13.08 78 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW78 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 78 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 79 SECTION 9.11. Headings 73 Section 13.11 79 SECTION 9.12. Confidentiality 73 Section 13.12 80 SECTION 9.13. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7680 SECTION 9.14. Judgment Currency 81 SECTION 9.15. USA Patriot Act 81 SCHEDULES: Schedule A – Initial Guarantors Schedule 2.01 -- Commitments Schedule 2.13 -- Mandatory Cost Schedule 2.17 -- PTR Scheme Schedule 3.06 -- Disclosed Matters Schedule 3.11 -- Disclosure Schedule 6.01 -- Existing Indebtedness Schedule 6.02 -- Existing Liens EXHIBITS: Exhibit A -- Form of Assignment and Assumption Exhibit B -- Form of Guarantee Agreement Exhibit C-1 -- Form of Opinion of Mayer, Brown, Rxxx & Maw LLP Exhibit C-2 -- Form of Opinion of Stikeman Elliot LLP Exhibit C-3 -- Form of Opinion of Kxxxxxxx Wxxxxxx Oxxxxx Exxxxxxxx, avocats Exhibit C-4 -- Form of Opinion of Linklaters Exhibit C-5 -- Form of Opinion of counsel to Yum! Brands, Inc. CREDIT AGREEMENT (the “Agreement”) dated as of November 8, 2005, among YUM! BRANDS, INC., YUM! RESTAURANT HOLDINGS, YUM! RESTAURANTS INTERNATIONAL S.à.R.X., LLC (U.S. BRANCH) and YUM! RESTAURANTS INTERNATIONAL (CANADA) LP, the LENDERS party hereto, CITIBANK INTERNATIONAL PLC, as Facility Agent and CITIBANK, N.A., CANADIAN BRANCH, as Canadian Facility Agent. The parties hereto hereby agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Yum Brands Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption offs. 33 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 35 SECTION 2.20. Expansion Option 35 SECTION 2.21. Defaulting Lenders 36 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 38 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 38 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 38 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 38 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 39 SECTION 3.05. Properties 39 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 39 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 40 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 40 SECTION 3.09. Taxes 34 Section 8.11 40 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 40 SECTION 3.11. Disclosure 40 Table of Contents (continued) Page SECTION 3.12. Federal Reserve Regulations 40 SECTION 3.13. Liens 40 SECTION 3.14. No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable Default 40 ARTICLE IX AFFIRMATIVE COVENANTS IV Conditions 41 Section 9.01 SECTION 4.01. Effective Date 41 SECTION 4.02. Each Credit Event 41 ARTICLE V Affirmative Covenants 42 SECTION 5.01. Financial Statements; Statements and Other Information 41 Section 9.02 42 SECTION 5.02. Notices of Material Events 44 Section 9.03 Events. 43 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 Business. 43 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Obligations. 44 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 44 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 44 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 and Material Contractual Obligations 44 SECTION 5.08. Use of Proceeds 44 ARTICLE VI Negative Covenants 45 SECTION 6.01. Liens 45 SECTION 6.02. Fundamental Changes and Asset Sales 46 SECTION 6.03. Investments, Loans, Advances, Guarantees and Acquisitions 46 SECTION 6.04. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc47 SECTION 6.05. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 47 SECTION 6.06. Restricted Payments 47 SECTION 6.07. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 47 SECTION 6.08. Maximum Debt to Capitalization Ratio. 48 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 48 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 50 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 52 SECTION 9.01. Notices 65 Section 13.02 52 SECTION 9.02. Waivers; Amendments 66 Section 13.03 52 SECTION 9.03. Expenses, ; Indemnity; Damage Waiver. 66 Section 13.04 54 SECTION 9.04. Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 55 SECTION 9.05. Survival 58 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Effectiveness. 58 SECTION 9.07. Severability. 59 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAWSetoff. 59 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Consent to Service of Process. 59 Table of Contents (continued) Page

Appears in 1 contract

Samples: Credit Agreement (Ch Energy Group Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 31 SECTION 2.17 Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 32 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 33 SECTION 3.1 Organization; Powers 31 Section 8.02 Authority33 SECTION 3.2 Authorization; Enforceability 31 Section 8.03 33 SECTION 3.3 Governmental Approvals; No Conflicts 31 Section 8.04 33 SECTION 3.4 Financial Condition; No Material Adverse Change 32 Section 8.05 34 SECTION 3.5 Properties 34 SECTION 3.6 Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 34 SECTION 3.7 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 35 SECTION 3.8 Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Section 8.10 Status 35 SECTION 3.9 Taxes 34 Section 8.11 35 SECTION 3.10 ERISA 34 Section 8.12 Disclosure; 35 SECTION 3.11 Disclosure 36 SECTION 3.12 Margin Stock 36 SECTION 3.13 No Material Misstatements 35 Section 8.13 Insurance Burdensome Restrictions 36 Section 8.14 Restriction on Liens 36 Section 8.15 SECTION 3.14 Subsidiaries 36 Section 8.16 Location of Business SECTION 3.15 Solvency 36 ARTICLE IV Conditions 36 SECTION 4.1 Effective Date 36 SECTION 4.2 Each Credit Event 38 ARTICLE V Affirmative Covenants 38 SECTION 5.1 Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 38 SECTION 5.2 Notices of Material Events 44 Section 9.03 39 SECTION 5.3 Existence; Conduct of Business 45 Section 9.04 40 SECTION 5.4 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 40 SECTION 5.5 Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 40 SECTION 5.6 Books and Records; Inspection Rights 46 Section 9.09 40 SECTION 5.7 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing and Material Contractual Obligations 40 SECTION 5.8 Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Proceeds 41 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 41 SECTION 6.1 Liens 53 Section 10.04 Redemptions 53 Section 10.05 41 SECTION 6.2 Fundamental Changes 42 SECTION 6.3 Investments, Loans Loans, Advances, Guarantees and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Acquisitions; Hedging Agreements 42 SECTION 6.4 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 43 SECTION 6.5 Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net 43 SECTION 6.6 Fixed Charges Coverage 44 SECTION 6.7 Ratio of Consolidated Debt to Consolidated Total Capitalization 44 SECTION 6.8 Limitation on Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 of Assets 44 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7645

Appears in 1 contract

Samples: Credit Agreement (Food Lion Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption Offs 69 ARTICLE 3 GUARANTEE BY GUARANTORS 73 3.1 The Guarantee 73 3.2 Obligations Unconditional 73 3.3 Reinstatement 74 3.4 Subrogation 74 TABLE OF CONTENTS (continued) Page 3.5 Remedies 74 3.6 Continuing Guarantee 75 3.7 Rights of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Contribution 75 3.8 General Limitation on Guarantee Obligations 75 3.9 Waivers 76 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII 4 REPRESENTATIONS AND WARRANTIES 31 Section 8.01 76 4.1 Organization; Powers 31 Section 8.02 Authority76 4.2 Authorization; Enforceability 31 Section 8.03 76 4.3 Governmental Approvals; No Conflicts 31 Section 8.04 Financial Condition; 77 4.4 No Material Adverse Change 32 Section 8.05 78 4.5 Properties 78 4.6 Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 79 4.7 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 80 4.8 Investment Company Act 34 Section 8.09 Public Utility and Holding Company Status 80 4.9 Taxes 80 4.10 ERISA 80 4.11 Disclosure 80 4.12 Ownership and Capitalization 80 4.13 Subsidiaries 81 4.14 Indebtedness, Liens and Agreements 81 4.15 Permits and Licenses 82 4.16 Federal Reserve Regulations 83 4.17 Labor and Employment Matters 83 4.18 Senior Indebtedness 83 4.19 Patriot Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 84 ARTICLE 5 CONDITIONS 84 5.1 Effective Time 84 5.2 Each Extension of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Credit 88 ARTICLE IX 6 AFFIRMATIVE COVENANTS 41 Section 9.01 89 TABLE OF CONTENTS (continued) Page 6.1 Financial Statements; Statements and Other Information 41 Section 9.02 89 6.2 Notices of Material Events 44 Section 9.03 91 6.3 Existence; Conduct of Business 45 Section 9.04 92 6.4 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 92 6.5 Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 92 6.6 Books and Records; Inspection Rights 46 Section 9.09 93 6.7 Fiscal Year 93 6.8 Compliance with Laws 47 Section 9.10 Laws, Maintenance of FCC Licenses 93 6.9 Use of Proceeds 94 6.10 Certain Obligations Respecting Guarantors and Collateral Security 94 6.11 ERISA 95 6.12 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional CollateralMatters; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing Reporting 95 6.13 Real Estate Assets 96 6.14 Qualifying IPO Funding Transactions 97 6.15 Proceeds of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Xxxxxx Sale 98 6.16 Media Holdings Discount Notes Forbearance Agreement 52 Section 9.21 Separate Entity 52 98 ARTICLE X 7 NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 98 7.1 Indebtedness 98 7.2 Liens 53 Section 10.04 Redemptions 53 Section 10.05 101 7.3 [Reserved] 103 7.4 Fundamental Changes; Asset Sales 103 7.5 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 ; Hedging Agreements 107 7.6 Restricted Junior Payments 110 7.7 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 114 7.8 Restrictive Agreements 57 Section 10.18 115 7.9 Sale-Leaseback Transactions 116 7.10 Revolving Facility Leverage Ratio 116 7.11 Lines of Business; Restrictions on the Borrower 116 7.12 [Reserved] 116 TABLE OF CONTENTS (continued) Page 7.13 Modifications of Certain Documents 116 7.14 Empire Burbank 117 7.15 Holding Company Restrictions 117 7.16 License Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 120 ARTICLE XI 8 EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 DEFAULT 120 8.1 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 120 ARTICLE XII 9 THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties AND THE COLLATERAL TRUSTEE 124 9.1 Appointment and Obligations of Authorization 124 9.2 Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents Agent’s and Collateral Trustee’s Rights as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Lender 125

Appears in 1 contract

Samples: Credit Agreement (Lbi Media Holdings Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 5961 Section 4.02 Presumption 2.16. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 6062 Section 4.03 Certain Deductions by the Administrative Agent 23 2.17. Incremental Commitments 6163 Section 2.18. Defaulting Lenders 6466 Section 2.19. Extensions of Loans and Commitments 6567 Section 2.20. Refinancing Amendments 6769 ARTICLE V INCREASED COSTS; TAXES 24 III Representations and Warranties Section 5.01 Increased Costs 24 3.01. Organization 7072 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority3.02. Authorization; Enforceability 31 7072 Section 8.03 3.03. Governmental Approvals; No Conflicts 31 7072 Section 8.04 3.04. Financial ConditionStatements; No Material Adverse Change 32 7173 Section 8.05 3.05. Properties 7173 Section 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 7174 Section 8.07 3.07. Compliance with the Laws and Agreements; No Defaults 34 7274 Section 8.08 3.08. Intellectual Property 7274 Section 3.09. Investment Company Act 34 Status 7274 - i- Page Section 8.09 Public Utility Holding Company Act 34 3.10. Taxes 7274 Section 8.10 Taxes 34 3.11. ERISA 7274 Section 8.11 ERISA 34 3.12. Labor Matters 7274 Section 8.12 Disclosure; No Material Misstatements 35 3.13. Insurance 7375 Section 8.13 Insurance 36 3.14. Solvency 7375 Section 8.14 Restriction on Liens 36 3.15. Subsidiaries 7375 Section 8.15 Subsidiaries 36 3.16. Disclosure 7375 Section 8.16 Location of Business and Offices 36 3.17. Federal Reserve Regulations 7476 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 3.18. Use of Loans 39 Proceeds 7476 Section 8.23 Solvency 39 3.19. Anti-Corruption Laws; Sanctions 7476 Section 8.24 Casualty Events 39 3.20. Security Documents 7476 ARTICLE IV Conditions Section 8.25 Material Agreements 39 4.01. Effective Date 7577 Section 8.26 No Brokers 40 4.02. Each Credit Event After the Effective Date 7779 ARTICLE V Affirmative Covenants Section 8.27 Reliance 40 Section 8.28 Investments 5.01. Financial Statements and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 7779 Section 9.02 5.02. Notices of Material Events 44 7981 Section 9.03 5.03. Information Regarding Collateral 7981 Section 5.04. Existence; Conduct of Business 45 7981 Section 9.04 5.05. Payment of Obligations 45 Taxes 7981 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.06. Maintenance of Properties 45 8082 Section 9.07 5.07. Insurance 46 8082 Section 9.08 5.08. Books and Records; Inspection and Audit Rights 46 8082 Section 9.09 5.09. Compliance with Laws 47 8183 Section 9.10 Environmental Matters 47 5.10. Use of Proceeds 8183 Section 9.11 5.11. Further Assurances 48 8183 Section 9.12 Reserve Reports 48 5.12. Maintenance of Ratings 8284 Section 9.13 Title Information 49 5.13. Quarterly Lender Calls 8284 Section 9.14 Additional Collateral; Additional Guarantors 49 5.14. Designation of Unrestricted Subsidiaries 8284 Section 9.15 ERISA Compliance 50 5.15. Certain Post-Closing Obligations 8284 ARTICLE VI Negative Covenants Section 9.16 Swap Agreements 51 6.01. Indebtedness 8385 Section 9.17 Marketing of Production 51 6.02. Liens 8587 Section 9.18 Overriding Royalty Interests 51 6.03. Fundamental Changes 8789 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 6.04. Investments, Loans Loans, Advances, Guarantees and Advances 54 Acquisitions 8890 Section 10.06 Nature 6.05. Asset Sales, etc. 9192 Section 6.06. Restricted Payments; Certain Payments in Respect of Business 54 Indebtedness 9293 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc6.07. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 9496 Section 10.16 Capital Expenditures 57 Section 10.17 Material 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 769596 - ii-

Appears in 1 contract

Samples: Credit Agreement (Maxlinear Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 2.18. Mitigation Obligations; Replacement of Lenders 28 Section 7.02 Subsequent Fundings 2.19. [Reserved] 29 Section 2.20. [Reserved] 29 Section 2.21. [Reserved] 29 Section 2.22. [Reserved] 29 Section 2.23. [Reserved] 29 Section 2.24. Additional Reserve Costs 29 ARTICLE III Representations and Warranties 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 3.1. Organization; Powers 31 30 Section 8.02 Authority; 3.2. Authorization 30 Section 3.3. Enforceability 31 30 Section 8.03 Approvals; No Conflicts 31 3.4. Governmental Approvals 30 i TABLE OF CONTENTS (continued) Page Section 8.04 3.5. Financial ConditionStatements; No Material Adverse Change 30 Section 3.6. Litigation; Compliance with Laws 31 Section 3.7. Federal Reserve Regulations 31 Section 3.8. Use of Proceeds 32 Section 8.05 Litigation 3.9. Taxes 32 Section 8.06 3.10. Employee Benefit Plans 32 Section 3.11. Environmental and Safety Matters 32 Section 8.07 Compliance with the Laws and Agreements; No Defaults 3.12. Properties 32 Section 3.13. Investment Company Status 33 Section 3.14. Accuracy of Information, etc 33 ARTICLE IV Conditions 33 Section 4.1. Effective Date 33 ARTICLE V Covenants 34 Section 8.08 Investment Company Act 5.1. Existence 34 Section 8.09 Public Utility Holding Company Act 5.2. Business and Properties 34 Section 8.10 Taxes 5.3. Financial Statements, Reports, Etc 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 5.4. Insurance 35 Section 8.13 Insurance 5.5. Obligations and Taxes 35 Section 5.6. Litigation and Other Notices 36 Section 8.14 Restriction on 5.7. Books and Records 36 Section 5.8. [Reserved] 36 Section 5.9. Consolidations, Mergers, and Sales of Assets 36 Section 5.10. Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 5.11. Limitation on Sale and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties Leaseback Transactions 38 Section 8.19 Gas Imbalances, Prepayments 5.12. Indebtedness 38 Section 8.20 Marketing of Production 5.13. Financial Covenants 38 Section 8.21 Swap 5.14. Transactions with Affiliates 38 Section 5.15. Restrictive Agreements 39 Section 8.22 Use 5.16. Amendment of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Separation Agreements 39 Section 8.26 No Brokers 40 5.17. Restricted Payments 39 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 5.18. ERISA 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 VI Events of Default 40 ARTICLE VII The Administrative Agent 42 ARTICLE VIII Miscellaneous 44 ii TABLE OF CONTENTS (continued) Page Section 9.01 Financial Statements; Other Information 41 Section 9.02 8.1. Notices of Material Events 44 Section 9.03 Existence; Conduct 8.2. Survival of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance Agreement 46 Section 9.08 Books and Records; Inspection Rights 8.3. Binding Effect 46 Section 9.09 Compliance with Laws 47 8.4. Successors and Assigns 46 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral8.5. Expenses; Additional Guarantors 49 Section 9.15 ERISA Compliance Indemnity 50 Section 9.16 Swap Agreements 51 8.6. Applicable Law 50 Section 9.17 Marketing of Production 51 8.7. Waivers; Amendment 50 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating 8.8. Entire Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 8.9. Severability 52 Section 10.01 Financial Covenants 8.10. Counterparts 52 Section 10.02 Debt 8.11. Headings 52 Section 8.12. Right of Setoff 52 Section 8.13. Jurisdiction; Consent to Service of Process 52 Section 8.14. Waiver of Jury Trial 53 Section 10.03 Liens 8.15. [Reserved] 53 Section 10.04 Redemptions 8.16. Guaranty 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 8.17. [Reserved] 56 Section 10.12 Mergers, Etc8.18. Confidentiality 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 8.19. Patriot Act 57 SCHEDULES Schedule 2.1 Commitments Schedule 5.10 Existing Liens Schedule 5.14 Existing Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas ImbalancesEXHIBITS Exhibit A Form of Borrowing Notice Exhibit B Form of Interest Election Request Exhibit C Form of Assignment and Assumption Exhibit D Form of U.S. Tax Certificate SIX-MONTH $1,000,000,000 TERM LOAN AGREEMENT This Six-Month $1,000,000,000 Term Loan Agreement (this “Agreement”) dated as of October 21, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events 2015, is among MXXX JXXXXXX NUTRITION COMPANY, a Delaware corporation (the “Company”), MXXX JXXXXXX & COMPANY, LLC, a Delaware limited liability company (“MJC”), the lenders listed in Schedule 2.1 (the “Initial Lenders”) and JPMORGAN CHASE BANK, N.A., a national banking association, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders (as defined herein). The Company has requested that the Lenders, on the terms and subject to the conditions herein set forth, extend term loans to the Company. The proceeds of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition such loans are to be used for working capital and other general corporate purposes of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties the Company and Obligations its subsidiaries (other than funding hostile acquisitions), including repurchase of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal shares of Administrative Agent 64 Section 12.07 Agents the Company. The Lenders are willing to extend such credit on the terms and subject to the conditions herein set forth. Accordingly, the parties hereto agree as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76follows:

Appears in 1 contract

Samples: Term Loan Agreement (Mead Johnson Nutrition Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 26 Section 4.02 4.02. Presumption of Payment by the Borrower 23 27 Section 4.03 4.03. Certain Deductions by the Administrative Agent 23 27 Section 4.04. Disposition of Proceeds 27 Section 4.05. Defaulting Lenders 28 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 5.01. Increased Costs 24 29 Section 5.02 5.02. Taxes 24 29 Section 5.03. Mitigation Obligations; Replacement of Lenders 31 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT Section 6.01 Lockbox Account 25 6.01. Effective Date 31 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 6.02. Each Credit Event 33 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 34 Section 8.01 7.01. Organization; Powers 31 34 Section 8.02 7.02. Authority; Enforceability 31 34 Section 8.03 7.03. Approvals; No Conflicts 31 34 Section 8.04 7.04. Financial Condition; No Material Adverse Change 32 35 Section 8.05 7.05. Litigation 32 36 Section 8.06 7.06. Environmental Matters 32 36 Section 8.07 7.07. Compliance with the Laws and Agreements; No Defaults 34 37 Section 8.08 7.08. Investment Company Act 34 37 Section 8.09 Public Utility Holding Company Act 34 7.09. Taxes 37 Section 8.10 Taxes 34 7.10. ERISA 37 Section 8.11 ERISA 34 Section 8.12 7.11. Disclosure; No Material Misstatements 35 38 Section 8.13 7.12. Insurance 36 38 Section 8.14 7.13. Restriction on Liens 36 39 Section 8.15 Subsidiaries 36 7.14. Subsidiaries; Foreign Operations 39 Section 8.16 7.15. Location of Business and Offices 36 39 Section 8.17 7.16. Properties; Titles, Etc 37 39 Section 8.18 7.17. Maintenance of Properties 38 40 Section 8.19 7.18. Gas Imbalances, Prepayments 38 41 Section 8.20 7.19. Marketing of Production 38 41 Section 8.21 7.20. Swap Agreements 39 41 Section 8.22 7.21. Use of Loans 39 41 Section 8.23 Solvency 39 7.22. Foreign Corrupt Practices 41 Section 8.24 Casualty Events 39 7.23. Money Laundering 42 Section 8.25 Material Agreements 39 7.24. OFAC 42 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 7.25. Reorganization Matters 42 ARTICLE IX VIII AFFIRMATIVE COVENANTS 41 42 Section 9.01 8.01. Financial Statements; Other Information 41 42 Section 9.02 8.02. Notices of Material Events 44 45 Section 9.03 8.03. Existence; Conduct of Business 45 46 Section 9.04 8.04. Payment of Obligations 45 46 Section 9.05 8.05. Performance of Obligations under Loan Documents 45 46 Section 9.06 8.06. Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 8.07. Insurance 47 Section 8.08. Books and Records; Inspection Rights 46 47 Section 9.09 8.09. Compliance with Laws 47 Section 9.10 8.10. Environmental Matters 47 48 Section 9.11 8.11. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 8.12. ERISA Compliance 50 Section 9.16 Swap Agreements 8.13. Use of Proceeds 50 Section 8.14. Commodity Hedging 50 Section 8.15. Lender Meetings 50 Section 8.16. Data Xxxx 00 Section 8.17. Funding of Segregated Accounts 51 Section 9.17 Marketing of Production 8.18. Segregated Payments 51 Section 9.18 Overriding Royalty Interests 8.19. Cash Management Bank 51 Section 9.19 Right of First Refusal 52 8.20. Milestones 51 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 8.21. Compliance with DIP Budget 52 ARTICLE X IX NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 9.01. Debt 52 Section 10.02 9.02. Liens 53 Section 9.03. Dividends, Distributions and Redemptions; Repayment of Debt 53 Section 10.03 Liens 9.04. Prepayments, etc 53 Section 10.04 Redemptions 53 Section 10.05 9.05. Investments, Loans and Advances 54 Section 10.06 9.06. Nature of Business Business; International Operations 54 Section 10.07 9.07. Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 9.08. Proceeds of Notes 55 Loans 54 Section 10.10 9.09. ERISA Compliance 55 Section 10.11 9.10. Sale or Discount of Receivables 56 55 Section 10.12 9.11. Mergers, EtcEtc 55 Section 9.12. 56 Section 10.13 Sale of Properties 56 55 Section 10.14 Environmental Matters 56 Section 10.15 9.13. Transactions with Affiliates 57 56 Section 10.16 Capital Expenditures 57 9.14. Subsidiaries 56 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 9.15. Negative Pledge Agreements; Dividend Restrictions 57 56 Section 10.20 9.16. Gas Imbalances, Take-or-Pay or Other Prepayments 56 Section 9.17. Swap Agreements 56 Section 9.18. Marketing Activities 56 Section 9.19. No Surcharge 57 Section 10.21 Swap Agreements 58 9.20. No Superpriority Claims 57 Section 10.22 Certain Activities 58 9.21. Expenditures 57 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 9.22. Employee Matters 57 ARTICLE XI X EVENTS OF DEFAULT; REMEDIES 59 57 Section 11.01 10.01. Events of Default 59 57 Section 11.02 10.02. Remedies 61 Section 11.03 Disposition of Proceeds 61 10.03. Action by Administrative Agent 62 ARTICLE XII XI THE ADMINISTRATIVE AGENT AGENTS 62 Section 12.02 11.01. Appointment; Powers 62 Section 11.02. Duties and Obligations of Administrative Agent 62 Section 12.03 11.03. Action by Administrative Agent 63 Section 12.04 11.04. Reliance by Administrative Agent 63 64 Section 12.05 11.05. Subagents 63 64 Section 12.06 11.06. Resignation or Removal of Administrative Agent 64 Section 12.07 Agents 11.07. Agent as Lenders 64 65 Section 12.08 11.08. No Reliance 64 65 Section 12.09 11.09. Administrative Agent May File Proofs of Claim 65 Section 11.10. Authority of Administrative Agent to Release Collateral and Liens 65 66 ARTICLE XIII XII MISCELLANEOUS 65 66 Section 13.01 12.01. Notices 65 66 Section 13.02 12.02. Waivers; Amendments 66 67 Section 13.03 12.03. Expenses, Indemnity; Damage WaiverWaiver 68 Section 12.04. 66 Section 13.04 Successors and Assigns 68 70 Section 13.05 12.05. Survival; Revival; Reinstatement 71 73 Section 13.06 12.06. Counterparts; Integration; Effectiveness 71 74 Section 13.07 12.07. Severability 72 74 Section 13.08 12.08. Right of Setoff 72 74 Section 13.09 12.09. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 75 Section 13.10 12.10. Headings 73 76 Section 13.11 12.11. Confidentiality 73 76 Section 13.12 12.12. Interest Rate Limitation 74 77 Section 13.13 12.13. EXCULPATION PROVISIONS 75 77 Section 13.14 12.14. Collateral Matters; Swap Agreements 75 78 Section 13.15 12.15. No Third Party Beneficiaries 76 78 Section 13.16 Securitization 7612.16. Flood Insurance 78 Section 12.17. USA Patriot Act Notice 79 Section 12.18. Parties Including Trustees; Bankruptcy Court Proceedings 79 Section 12.19. Pre-Petition Loan Documents 79 ARTICLE XIII PRIORITY AND COLLATERAL SECURITY Section 13.01. Superpriority Claims and Collateral Security 80 Section 13.02. No Discharge; Survival of Claims 81 Section 13.03. Orders 81 Section 13.04. Waiver of any Priming Rights and Non-Consensual Use of Cash Collateral 81 ANNEXES, EXHIBITS AND SCHEDULES Annex I List of Maximum Credit Amounts Exhibit A Form of Note Exhibit B Form of Borrowing Request Exhibit C Form of Budget Compliance Certificate Exhibit D Form of Compliance Certificate Exhibit E DIP Budget Exhibit F Security Instruments Exhibit G Form of Assignment and Assumption Exhibit H Form of Interim Financing Order Schedule 7.04 Material Adverse Effect Events Schedule 7.05 Litigation Schedule 7.06 Environmental Matters Schedule 7.09 Tax Returns and Reports Schedule 7.15 Location of Business and Offices Schedule 7.18 Gas Imbalances Schedule 7.19 Marketing Contracts Schedule 9.01 Debt Schedule 9.02 Liens Schedule 9.04 Investments THIS POST PETITION SUPERPRIORITY LOAN AGREEMENT dated as of March 10, 2015, is among: Dune Energy, Inc., a Delaware corporation (the “Borrower”); each of the Lenders from time to time party hereto; and Bank of Montreal (in its individual capacity, “BMO”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

Appears in 1 contract

Samples: Petition Superpriority Loan Agreement (Dune Energy Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption offs. 40 SECTION 2.17. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders. 42 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent III 43 GUARANTEE 43 SECTION 3.01. The Guarantee 43 SECTION 3.02. Obligations Unconditional 43 SECTION 3.03. Reinstatement 44 SECTION 3.04. Subrogation 44 SECTION 3.05. Remedies 44 SECTION 3.06. Instrument for the Benefit Payment of the Lender 31 Section 7.05 No Waiver 31 Money 44 SECTION 3.07. Continuing Guarantee 44 SECTION 3.08. General Limitation on Guarantee Obligations 45 ARTICLE VIII IV 45 REPRESENTATIONS AND WARRANTIES 31 Section 8.01 45 SECTION 4.01. Organization; Powers 31 Section 8.02 Authority45 SECTION 4.02. Authorization; Enforceability 31 Section 8.03 45 SECTION 4.03. Governmental Approvals; No Conflicts 31 Section 8.04 45 SECTION 4.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Change. 46 SECTION 4.05. Properties. 46 SECTION 4.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 Matters. 46 SECTION 4.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Contractual Obligations 47 SECTION 4.08. Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Section 8.10 Status 47 SECTION 4.09. Taxes 34 Section 8.11 47 SECTION 4.10. ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 47 SECTION 4.11. Disclosure 47 SECTION 4.12. Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Credit 48 SECTION 4.13. Burdensome Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 48 SECTION 4.14. Labor Matters 48 ARTICLE IX V 48 CONDITIONS 48 SECTION 5.01. Effective Date 48 SECTION 5.02. Each Credit Event 50 ARTICLE VI 50 AFFIRMATIVE COVENANTS 41 Section 9.01 50 SECTION 6.01. Financial Statements; Statements and Other Information 41 Section 9.02 51 SECTION 6.02. Notices of Material Events 44 Section 9.03 52 SECTION 6.03. Existence; Conduct of Business 45 Section 9.04 53 SECTION 6.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 53 SECTION 6.05. Maintenance of Properties 45 Section 9.07 53 SECTION 6.06. Maintenance of Insurance 46 Section 9.08 53 SECTION 6.07. Books and Records; Records 54 SECTION 6.08. Inspection Rights 46 Section 9.09 54 SECTION 6.09. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional and Contractual Obligations 54 SECTION 6.10. Use of Proceeds and Letters of Credit 54 SECTION 6.11. Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, EtcFurther Assurances. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7654

Appears in 1 contract

Samples: Credit Agreement (Griffon Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 71 Section 4.02 Presumption 2.18 Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 73 Section 4.03 Certain Deductions by the Administrative Agent 23 2.19 Defaulting Lenders 74 Section 2.20 Commitment Increase 76 Section 2.21 Sustainability Targets 78 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 79 Section 8.01 3.01 Organization; Powers 31 79 Section 8.02 Authority3.02 Authorization; Enforceability 31 79 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 80 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 Effect; No Default 80 Section 8.05 3.05 Properties 80 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 81 Section 8.07 3.07 Compliance with the Laws and Agreements; No Defaults 34 Agreements 82 Table of Contents (continued) Page Section 8.08 3.08 Investment Company Act 34 Status 82 Section 8.09 Public Utility Holding Company Act 34 3.09 Taxes 82 Section 8.10 Taxes 34 3.10 ERISA 82 Section 8.11 ERISA 34 3.11 Disclosure 82 Section 8.12 Disclosure; No Material Misstatements 35 3.12 Insurance 83 Section 8.13 Insurance 36 Section 8.14 3.13 Restriction on Liens 36 Subsidiary Distributions 83 Section 8.15 3.14 Subsidiaries 36 83 Section 8.16 Location of Business 3.15 Solvency 84 Section 3.16 Priority Status 84 Section 3.17 Anti-Corruption Laws and Offices 36 Sanctions 84 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 3.18 Use of Loans 39 Proceeds 84 Section 8.23 Solvency 39 3.19 Affected Financial Institutions 84 Article IV Conditions 84 Section 8.24 Casualty Events 39 4.01 Effective Date 84 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.02 Each Credit Event 86 ARTICLE IX V AFFIRMATIVE COVENANTS 41 87 Section 9.01 5.01 Financial Statements; , Ratings Change, and Other Information 41 87 Section 9.02 5.02 Notices of Material Events 44 90 Section 9.03 5.03 Existence; Conduct of Business 45 90 Section 9.04 5.04 Payment of Obligations 45 90 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05 Maintenance of Properties 45 90 Section 9.07 5.06 Insurance 46 91 Section 9.08 5.07 Books and Records; Inspection Rights 46 91 Section 9.09 5.08 Compliance with Laws 47 91 Section 9.10 Environmental Matters 47 5.09 Use of Proceeds 91 Section 9.11 Further Assurances 48 Section 9.12 5.10 Reserve Reports 48 92 Section 9.13 Title Information 49 5.11 [Reserved] 92 Section 9.14 Additional Collateral; 5.12 Additional Guarantors 49 92 Section 9.15 ERISA Compliance 50 5.13 [Reserved] 93 Section 9.16 Swap Agreements 51 5.14 Accounts 93 Section 9.17 Marketing of Production 51 5.15 [Reserved] 93 Section 9.18 Overriding Royalty Interests 51 5.16 More Favorable Financial Covenants 93 Section 9.19 Right of First Refusal 52 5.17 Commodity Exchange Act Keepwell Provisions 94 Section 9.20 Contract Operating Agreement 52 5.18 Canam Distribution Covenant 94 Section 9.21 Separate Entity 52 5.19 Permitted JV Closing 95 ARTICLE X VI NEGATIVE COVENANTS 52 95 Section 10.01 Financial Covenants 52 6.01 Indebtedness 95 Section 10.02 Debt 53 6.02 Subsidiary Guarantees Prior to the Investment Grade Rating Date 98 Section 10.03 6.03 Liens 53 98 Section 10.04 Redemptions 53 6.04 Fundamental Changes 100 Table of Contents (continued) Page Section 10.05 Investments, Loans and Advances 54 6.05 Hedging Agreements 101 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 6.06 Transactions with Affiliates 57 101 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge 6.07 Restrictive Agreements; Dividend Restrictions 57 Subsidiary Distributions 101 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 6.08 Restricted Payments 101 Section 10.21 Swap 6.09 Investments Prior to the Investment Grade Rating Date 102 Section 6.10 Restricted Debt Payments Prior to the Investment Grade Rating Date 103 Section 6.11 Asset Dispositions Prior to the Investment Grade Rating Date 103 Section 6.12 [Reserved] 104 Section 6.13 New Accounts Prior to the Investment Grade Rating Date 104 Section 6.14 Financial Covenants 104 Section 6.15 Amendment to Permitted JV Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 105 ARTICLE XI VII EVENTS OF DEFAULT; REMEDIES 59 DEFAULT 105 Section 11.01 7.01 Events of Default 59 105 Section 11.02 7.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 107 ARTICLE XII VIII [RESERVED] 109 ARTICLE IX THE ADMINISTRATIVE AGENT 62 109 ARTICLE X MISCELLANEOUS 112 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 10.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76112

Appears in 1 contract

Samples: Credit Agreement (Murphy Oil Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 40 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 42 SECTION 2.20. Defaulting Lenders 42 SECTION 2.21. Increase in Revolving Facility 44 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 III Representations and Warranties 45 SECTION 3.01. Effective Date 45 SECTION 3.02. Each Credit Event 46 SECTION 3.03. Following Syndication 46 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 IV Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 47 SECTION 4.01. Organization; Powers 31 Section 8.02 Authority47 SECTION 4.02. Authorization; Enforceability 31 Section 8.03 47 SECTION 4.03. Governmental Approvals; No Conflicts 31 Section 8.04 47 SECTION 4.04. Financial Condition; No Material Adverse Change 32 Section 8.05 47 SECTION 4.05. Properties 48 SECTION 4.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 48 SECTION 4.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 48 SECTION 4.08. Investment Company Status 49 SECTION 4.09. Taxes 49 SECTION 4.10. ERISA 49 SECTION 4.11. Disclosure 49 SECTION 4.12. USA PATRIOT Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 49 SECTION 4.13. Embargoed Person 50 SECTION 4.14. Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles50 SECTION 4.15. Solvency 50 SECTION 4.16. Casualty, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments 50 SECTION 4.17. Labor Matters 51 SECTION 4.18. Margin Regulations 51 SECTION 4.19. Security Documents 51 ARTICLE V Affirmative Covenants 51 SECTION 5.01. Financial Statements and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 51 SECTION 5.02. Notices of Material Events 44 Section 9.03 53 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 53 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 53 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 53 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 53 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title 54 SECTION 5.08. Use of Proceeds and Letters of Credit 54 SECTION 5.09. Accuracy of Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 54 SECTION 5.10. Certain Obligations Regarding Subsidiaries 54 ARTICLE VI Negative Covenants 55 SECTION 6.01. Indebtedness 55 SECTION 6.02. Liens 55 SECTION 6.03. Fundamental Changes 56 SECTION 6.04. Dispositions 56 SECTION 6.05. Investments and Acquisitions 57 SECTION 6.06. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc57 SECTION 6.07. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Restricted Payments 57 SECTION 6.08. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap 58 SECTION 6.09. Restrictive Agreements 58 Section 10.22 SECTION 6.10. Changes in Fiscal Periods 58 SECTION 6.11. Amendments to Organizational Documents 58 SECTION 6.12. Optional Payments and Modifications of Certain Activities Debt Instruments 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release SECTION 6.13. Certain Financial Covenants 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition ARTICLE VIII Guarantee 62 SECTION 8.01. Guaranty 62 SECTION 8.02. Rights of Proceeds 61 Lenders 62 SECTION 8.03. Certain Waivers 62 SECTION 8.04. Obligations Independent 63 SECTION 8.05. Subrogation 63 SECTION 8.06. Termination; Reinstatement 63 SECTION 8.07. Subordination 63 SECTION 8.08. Stay of Acceleration 64 SECTION 8.09. Condition of Borrower 64 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of IX The Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 X Miscellaneous 66 SECTION 10.01. Notices 65 Section 13.02 66 SECTION 10.02. Waivers; Amendments 66 Section 13.03 67 SECTION 10.03. Expenses, ; Indemnity; Damage WaiverWaiver 68 SECTION 10.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 69 SECTION 10.05. Survival 72 SECTION 10.06. Counterparts; Integration; Effectiveness 71 Section 13.07 72 SECTION 10.07. Severability 72 Section 13.08 73 SECTION 10.08. Right of Setoff 72 Section 13.09 GOVERNING LAW73 SECTION 10.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 73 SECTION 10.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL; Judicial Reference 74 SECTION 10.11. Headings 73 Section 13.11 76 SECTION 10.12. Confidentiality 73 Section 13.12 76 SECTION 10.13. Material Non-Public Information 76 SECTION 10.14. Authorization to Distribute Certain Materials to Public-Xxxxxx 77 SECTION 10.15. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap 77 SECTION 10.16. USA PATRIOT Act 77 SCHEDULES: Schedule 1.01A (Swiss/French claims) Schedule 1.01B Existing Debt Schedule 1.01C Letters of Credit Schedule 1.01D Existing Liens Schedule 1.01E Investments Pursuant to Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Schedule 1.01F Subsidiaries and Addresses Schedule 2.01 Lenders and Revolving Commitments Schedule 4.06 Disclosed Matters Schedule 6.09 Existing Restrictive Agreements EXHIBITS: Exhibit A Form of Assignment and Assumption Exhibit B Form of Revolving Note Exhibit C Form of Compliance Certificate This Credit Agreement (the “Agreement), effective as of June 30, 2013, is among Actuate Corporation, the Lenders and U.S. Bank National Association, a national banking association, as a Lender, Issuing Bank, and as Administrative Agent. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Actuate Corp)

Payments Generally. Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 47 SECTION 2.18 Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 50 SECTION 2.19 Defaulting Lenders 51 SECTION 2.20 Expansion Option 53 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 54 SECTION 3.01 Organization; Powers 31 Section 8.02 Authority54 SECTION 3.02 Authorization; Enforceability 31 Section 8.03 55 SECTION 3.03 Governmental Approvals; No Conflicts 31 Section 8.04 55 SECTION 3.04 Financial Condition; No Material Adverse Change 32 Section 8.05 55 SECTION 3.05 Properties 55 SECTION 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 56 SECTION 3.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Contractual Obligations 56 SECTION 3.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 56 SECTION 3.09 Taxes 34 Section 8.11 56 SECTION 3.10 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 56 SECTION 3.11 Disclosure 57 SECTION 3.12 Federal Reserve Regulations 57 SECTION 3.13 Solvency 57 SECTION 3.14 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 Proceeds 57 SECTION 3.15 Subsidiaries 57 SECTION 3.16 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments Default 57 SECTION 3.17 USA PATRIOT Act 57 SECTION 3.18 Embargoed Person 58 SECTION 3.19 Activities of Greenline Financial Technologies, Ltd. 58 ARTICLE IV Conditions 58 SECTION 4.01 Effective Date 58 SECTION 4.02 Each Credit Event 60 ARTICLE V Affirmative Covenants 60 SECTION 5.01 Financial Statements and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 61 SECTION 5.02 Notices of Material Events 44 Section 9.03 62 SECTION 5.03 Existence; Conduct of Business 45 Section 9.04 63 SECTION 5.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 63 SECTION 5.05 Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 63 SECTION 5.06 Books and Records; Inspection Rights 46 Section 9.09 64 SECTION 5.07 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title and Material Contractual Obligations 64 SECTION 5.08 Use of Proceeds and Letters of Credit 64 SECTION 5.09 Accuracy of Information 49 Section 9.14 64 SECTION 5.10 Additional Guarantors 64 SECTION 5.11 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Further Assurances 65 SECTION 5.12 Permitted Restructuring 66 ARTICLE VI Negative Covenants 67 SECTION 6.01 Indebtedness 67 SECTION 6.02 Liens 69 SECTION 6.03 Fundamental Changes and Asset Sales 71 SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions 73 SECTION 6.05 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 75 SECTION 6.06 Restricted Payments 76 SECTION 6.07 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 76 SECTION 6.08 Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 77 SECTION 6.09 Financial Covenants 78 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 78 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 81 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 84 SECTION 9.01 Notices 65 Section 13.02 84 SECTION 9.02 Waivers; Amendments 66 Section 13.03 85 SECTION 9.03 Expenses, ; Indemnity; Damage Waiver. 66 Section 13.04 Waiver 87 SECTION 9.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 89 SECTION 9.05 Survival 92 SECTION 9.06 Counterparts; Integration; Effectiveness 71 Section 13.07 92 SECTION 9.07 Severability 72 Section 13.08 93 SECTION 9.08 Right of Setoff 72 Section 13.09 GOVERNING LAW93 SECTION 9.09 Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 93 SECTION 9.10 WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 94 SECTION 9.11 Headings 73 Section 13.11 94 SECTION 9.12 Confidentiality 73 Section 13.12 95 SECTION 9.13 Material Non-Public Information 95 SECTION 9.14 Authorization to Distribute Certain Materials to Public-Xxxxxx 96 SECTION 9.15 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7696 SECTION 9.16 USA PATRIOT Act 96 SECTION 9.17 Appointment for Perfection 96 SECTION 9.18 Release of Liens and Guarantees 97 SCHEDULES: Schedule 2.01 – Commitments Schedule 3.06 – Disclosed Matters Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.08 – Existing Restrictions EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B-1 – U.S. Tax Certificate (For Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes Exhibit B-2 – U.S. Tax Certificate (For Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes Exhibit B-3 – U.S. Tax Certificate (For Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes Exhibit B-4 – U.S. Tax Certificate (For Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes Exhibit C – Form of Borrowing Request / Interest Rate Election Exhibit D – Form of Compliance Certificate Exhibit E – Form of Increasing Lender Agreement Exhibit F – Form of Augmenting Lender Agreement Exhibit G – Form of Legal Opinion CREDIT AGREEMENT (the “Agreement”) dated as of January 14, 2013, among MARKETAXESS HOLDINGS INC., a Delaware corporation (the “Borrower”), the LENDERS party hereto, and JPMORGAN CHASE BANK, N. A., as Administrative Agent. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Marketaxess Holdings Inc)

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Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 30 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 31 SECTION 2.20. [Intentionally Omitted] 32 SECTION 2.21. Senior Debt 32 SECTION 2.22. Judgment Currency 32 SECTION 2.23. Defaulting Lenders 33 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 Section 8.01 33 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 33 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 33 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 34 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 34 SECTION 3.05. Properties 34 SECTION 3.06. Litigation, Labor Matters and Environmental Matters 32 Section 8.07 34 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 35 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 35 SECTION 3.09. Taxes 34 Section 8.11 35 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 35 SECTION 3.11. Disclosure 35 SECTION 3.12. Federal Reserve Regulations 35 SECTION 3.13. No Material Misstatements 35 Section 8.13 Insurance Default 36 Section 8.14 Restriction on Liens SECTION 3.14. Anti-Corruption Laws and Sanctions 36 Section 8.15 Subsidiaries Table of Contents (continued) Page ARTICLE IV CONDITIONS 36 Section 8.16 Location of Business and Offices SECTION 4.01. Effective Date 36 Section 8.17 Properties; Titles, Etc SECTION 4.02. Assumption. 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX V AFFIRMATIVE COVENANTS 41 Section 9.01 38 SECTION 5.01. Financial Statements; Statements and Other Information 41 Section 9.02 38 SECTION 5.02. Notices of Material Events 44 Section 9.03 39 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 39 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 39 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 39 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 40 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing and Contractual Obligations 40 SECTION 5.08. Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Proceeds 40 SECTION 5.09. Subsidiary Guaranty 40 ARTICLE X VI NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 41 SECTION 6.01. Subsidiary Indebtedness 41 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans 42 SECTION 6.03. Fundamental Changes and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, EtcAsset Sales 44 SECTION 6.04. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 45 SECTION 6.05. Financial Covenants 45 ARTICLE XI VII EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 DEFAULT 46 ARTICLE XII VIII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 48 ARTICLE XIII IX MISCELLANEOUS 65 Section 13.01 50 SECTION 9.01. Notices 65 Section 13.02 50 SECTION 9.02. Waivers; Amendments 66 Section 13.03 52 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 53 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 54 SECTION 9.05. Survival 58 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Effectiveness; Electronic Execution 58 SECTION 9.07. Severability 72 Section 13.08 58 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7658

Appears in 1 contract

Samples: Loan Agreement (NetApp, Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Set‑offs 45 Section 4.02 Presumption 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 47 Section 4.03 Certain Deductions by the Administrative Agent 23 2.20. Expansion Option 47 Section 2.21. Judgment Currency 49 Section 2.22. Designation of Foreign Subsidiary Borrowers 49 Section 2.23. Defaulting Lenders 50 ARTICLE V INCREASED COSTS; TAXES 24 III Representations and Warranties 52 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 3.01. Organization; Powers 31 Powers; Subsidiaries 52 Section 8.02 Authority3.02. Authorization; Enforceability 31 53 Section 8.03 3.03. Governmental Approvals; No Conflicts 31 53 Section 8.04 3.04. Financial Condition; No Material Adverse Change 32 53 Section 8.05 3.05. Properties 53 Section 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 53 Table Of Contents (continued) Page Section 8.07 3.07. Compliance with the Laws and Agreements; No Defaults 34 Agreements 54 Section 8.08 3.08. Investment Company Act 34 Status 54 Section 8.09 Public Utility Holding Company Act 34 3.09. Taxes 54 Section 8.10 Taxes 34 3.10. ERISA 54 Section 8.11 ERISA 34 3.11. Disclosure 54 Section 8.12 Disclosure; 3.12. Federal Reserve Regulations 55 Section 3.13. Liens 55 Section 3.14. No Material Misstatements 35 Default 55 Section 8.13 Insurance 36 3.15. Anti-Corruption Laws and Sanctions 55 Section 8.14 Restriction on Liens 36 3.16. No EEA Financial Institution 55 ARTICLE IV Conditions 55 Section 8.15 Subsidiaries 36 4.01. Effective Date 55 Section 8.16 Location 4.02. Each Credit Event 56 Section 4.03. Designation of Business a Foreign Subsidiary Borrower 56 ARTICLE V Affirmative Covenants 57 Section 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 57 Section 9.02 5.02. Notices of Material Events 44 59 Section 9.03 5.03. Existence; Conduct of Business 45 59 Section 9.04 5.04. Payment of Obligations 45 Taxes 59 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05. Maintenance of Properties 45 Properties; Insurance 60 Section 9.07 Insurance 46 Section 9.08 5.06. Books and Records; Inspection Rights 46 60 Section 9.09 5.07. Compliance with Laws 47 60 Section 9.10 Environmental Matters 47 5.08. Use of Proceeds 60 ARTICLE VI Negative Covenants 60 Section 9.11 Further Assurances 48 6.01. Indebtedness 61 Section 9.12 Reserve Reports 48 6.02. Liens 62 Section 9.13 Title Information 49 6.03. Fundamental Changes and Asset Sales 62 Section 9.14 Additional Collateral; Additional Guarantors 49 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 63 Section 9.15 ERISA Compliance 50 Section 9.16 6.05. Swap Agreements 51 64 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 64 Section 10.16 Capital Expenditures 57 6.07. Restricted Payments 64 Section 10.17 Material 6.08. Restrictive Agreements 57 64 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 6.09. Financial Covenants 65 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 65 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 68 Table Of Contents (continued) Page Section 12.03 8.01. Authorization and Action by 68 Section 8.02. Administrative Agent’s Reliance, Indemnification, Etc 70 Section 8.03. Posting of Communications 71 Section 8.04. The Administrative Agent 63 Individually 72 Section 12.04 Reliance by 8.05. Successor Administrative Agent 63 73 Section 12.05 Subagents 63 8.06. Acknowledgements of Lenders and Issuing Bank 74 Section 12.06 Resignation or Removal of Administrative Agent 64 8.07. Certain ERISA Matters 74 ARTICLE IX Miscellaneous 76 Section 12.07 Agents as Lenders 64 9.01. Notices 76 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 9.02. Waivers; Amendments 66 77 Section 13.03 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 79 Section 9.04. 66 Section 13.04 Successors and Assigns 68 81 Section 13.05 Survival; Revival; Reinstatement 71 9.05. Survival 84 Section 13.06 9.06. Counterparts; Integration; Effectiveness 71 Effectiveness; Electronic Execution 84 Section 13.07 9.07. Severability 72 85 Section 13.08 9.08. Right of Setoff 72 85 Section 13.09 GOVERNING LAW9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 86 Section 9.10. WAIVER OF PROCESS 72 JURY TRIAL 87 Section 13.10 9.11. Headings 73 87 Section 13.11 9.12. Confidentiality 73 87 Section 13.12 9.13. USA PATRIOT Act 88 Section 9.14. Interest Rate Limitation 74 89 Section 13.13 EXCULPATION PROVISIONS 75 9.15. No Fiduciary Duty, etc 89 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 769.16. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 90 ARTICLE X Company Guarantee 90 Table Of Contents (continued) Page SCHEDULES: Schedule 2.01 – Commitments Schedule 2.06 – Existing Letters of Credit Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Increasing Lender Supplement Exhibit C – Form of Augmenting Lender Supplement Exhibit D – List of Closing Documents Exhibit E-1 – Form of Borrowing Subsidiary Agreement Exhibit E-2 – Form of Borrowing Subsidiary Termination Exhibit F-1 – Form of U.S. Tax Certificate (Foreign Lenders That Are Not Partnerships) Exhibit F-2 – Form of U.S. Tax Certificate (Foreign Participants That Are Not Partnerships) Exhibit F-3 – Form of U.S. Tax Certificate (Foreign Participants That Are Partnerships) Exhibit F-4 – Form of U.S. Tax Certificate (Foreign Lenders That Are Partnerships) Exhibit G-1 – Form of Borrowing Request Exhibit G-2 – Form of Interest Election Request Exhibit H – Form of Note Exhibit I – Form of Compliance Certificate CREDIT AGREEMENT (this “Agreement”) dated as of May 10, 2018 among AKAMAI TECHNOLOGIES, INC., the FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, XXXXXX XXXXXXX SENIOR FUNDING, INC., as Syndication Agent and BANK OF AMERICA, N.A., HSBC BANK USA, NATIONAL ASSOCIATION, THE TORONTO-DOMINION BANK, NEW YORK BRANCH and SUMITOMO MITSUI BANKING CORPORATION, as Co-Documentation Agents. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Akamai Technologies Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 67 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 68 SECTION 2.20. Illegality 70 SECTION 2.21. Defaulting Lenders 70 SECTION 2.22. Revolver Commitment Increase 72 SECTION 2.23. [Reserved] 74 SECTION 2.24. Overadvances 74 SECTION 2.25. Protective Advances 74 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties SECTION 3.01. Organization; Powers 31 Section 8.02 Authority; 75 SECTION 3.02. Authorization 75 SECTION 3.03. Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 75 SECTION 3.04. Governmental Approvals 76 SECTION 3.05. Financial Condition; Statements 76 SECTION 3.06. No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 Effect 76 SECTION 3.07. Title to Properties; Possession Under Leases 76 SECTION 3.08. Subsidiaries 77 SECTION 3.09. Litigation; Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 77 SECTION 3.10. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; 77 SECTION 3.11. [Reserved] 78 SECTION 3.12. Federal Reserve Regulations 78 SECTION 3.13. Tax Returns 78 SECTION 3.14. No Material Misstatements 35 Section 8.13 78 SECTION 3.15. Employee Benefit Plans 79 SECTION 3.16. Environmental Matters 79 SECTION 3.17. Security Documents 80 SECTION 3.18. Solvency 80 SECTION 3.19. Labor Matters 81 SECTION 3.20. Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 81 SECTION 3.21. USA PATRIOT Act and OFAC 81 ARTICLE IV Conditions of Business Lending SECTION 4.01. Closing Date 82 SECTION 4.02. Conditions Precedent to All Credit Extensions 85 ARTICLE V Affirmative Covenants SECTION 5.01. Existence; Businesses and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 86 SECTION 5.02. Insurance 86 SECTION 5.03. Taxes 87 SECTION 5.04. Financial Statements; , Reports, etc. 87 SECTION 5.05. Litigation and Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 90 SECTION 5.06. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral90 SECTION 5.07. Maintaining Records; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans Access to Properties and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Inspections 91

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Setoffs 35 Section 4.02 Presumption 3.13. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 37 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 3.14. Defaulting Lenders 38 Article IV Representations and Warranties 38 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 4.01. Organization; Powers 31 38 Section 8.02 Authority; 4.02. Authorization 38 Section 4.03. Enforceability 31 39 Section 8.03 Approvals; No Conflicts 31 4.04. Governmental Approvals 39 Section 8.04 4.05. Financial ConditionStatements; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements Effect 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 4.06. Litigation, Compliance with Laws 39 Section 4.07. Federal Reserve Regulations 40 Section 4.08. Taxes 40 Section 4.09. Employee Benefit Plans 40 Section 4.10. Environmental and Safety Matters 40 Section 4.11. Properties 41 Section 4.12. Investment Company Status 41 Section 4.13. Solvency 41 i Section 4.14. Anti-Corruption Laws and Sanctions 41 Article V Conditions 41 Section 5.01. Effective Date 41 Section 5.02. Conditions to All Extensions of Credit 42 Article VI Affirmative Covenants 43 Section 6.01. Existence 43 Section 6.02. Business and Properties 43 Section 6.03. Financial Statements, Reports, Etc 44 Section 6.04. Insurance 45 Section 6.05. Obligations and Taxes 45 Section 6.06. Litigation and Other Notices 46 Section 6.07. Books and Records 46 Section 6.08. Use of Proceeds 46 Article VII Negative Covenants 46 Section 7.01. Consolidations, Mergers, and Sales of Assets 47 Section 9.10 Environmental Matters 7.02. Liens 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 7.03. Limitation on Sale and Leaseback Transactions 49 Section 9.14 Additional Collateral; Additional Guarantors 7.04. Financial Condition Covenant 49 Section 9.15 ERISA Compliance 50 7.05. Indebtedness 49 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc7.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 49 Section 10.16 Capital Expenditures 57 7.07. Restricted Payments 49 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 7.08. Investments 50 Article VIII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of 51 Article IX The Administrative Agent 62 54 Article X Miscellaneous 57 Section 12.03 Action by Administrative Agent 63 10.01. Notices 57 Section 12.04 Reliance by Administrative Agent 63 10.02. Survival of Agreement 60 Section 12.05 Subagents 63 10.03. Binding Effect 60 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver10.04. 66 Section 13.04 Successors and Assigns 68 60 Section 13.05 Survival; Revival; Reinstatement 71 10.05. Expenses, Indemnity 64 Section 13.06 Counterparts; Integration; Effectiveness 71 10.06. Applicable Law 65 Section 13.07 10.07. Waivers, Amendment 65 Section 10.08. Entire Agreement 66 Section 10.09. Severability 72 66 Section 13.08 10.10. Counterparts 66 Section 10.11. Headings 66 Section 10.12. Right of Setoff 72 67 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE 10.13. Jurisdiction: Consent to Service of Process 67 Section 10.14. WAIVER OF PROCESS 72 JURY TRIAL 68 Section 13.10 Headings 73 10.15. Confidentiality 68 Section 13.11 Confidentiality 73 10.16. USA PATRIOT Act Notice 69 ii Section 13.12 10.17. No Fiduciary Relationship 69 Section 10.18. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 69 Section 10.19. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7670 SCHEDULES: Schedule 1.01 Existing Japanese Debt Schedule 2.01 Commitments Schedule 7.02 Existing Liens Schedule 7.06 Transactions with Affiliates EXHIBITS: Exhibit A Form of Borrowing Request Exhibit B Form of Assignment and Acceptance Exhibit C Form of Administrative Questionnaire Exhibit D-1 Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes Exhibit D-2 Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes Exhibit D-3 Form of U.S. Tax Compliance Certificate for Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes Exhibit D-4 Form of U.S. Tax Compliance Certificate for Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes CREDIT AGREEMENT (as amended and in effect from time to time, the “Agreement”) dated as of December 14, 2018, among XXXXXX BIOMET HOLDINGS, INC., a Delaware corporation (the “Borrower”), the LENDERS (as defined herein) and BANK OF AMERICA, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). The Borrower has requested that the Lenders, on the terms and subject to the conditions herein set forth, extend credit to the Borrower in the form of Loans on the Effective Date in an aggregate principal amount not in excess of $900,000,000. The proceeds of the Loans made to the Borrower shall be used for general corporate purposes and to refinance certain existing Debt of the Borrower. Accordingly, the parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Zimmer Biomet Holdings, Inc.)

Payments Generally. Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 46 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 48 SECTION 2.20. Expansion Option 49 SECTION 2.21. Defaulting Lenders 50 SECTION 2.22. Market Disruption 52 SECTION 2.23. Judgment Currency 52 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 52 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 52 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 53 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 53 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 53 SECTION 3.05. Properties 53 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 54 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 54 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 54 SECTION 3.09. Taxes 34 Section 8.11 54 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 54 TABLE OF CONTENTS Page SECTION 3.11. Disclosure 55 SECTION 3.12. Federal Reserve Regulations 55 SECTION 3.13. Liens 55 SECTION 3.14. No Material Misstatements 35 Section 8.13 Default 55 SECTION 3.15. No Burdensome Restrictions 55 SECTION 3.16. Solvency 55 SECTION 3.17. Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 55 SECTION 3.18. Security Interest in Collateral 55 SECTION 3.19. Anti-Corruption Laws and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments Sanctions 56 ARTICLE IV Conditions 56 SECTION 4.01. Effective Date 56 SECTION 4.02. Each Credit Event 57 ARTICLE V Affirmative Covenants 58 SECTION 5.01. Financial Statements and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 58 SECTION 5.02. Notices of Material Events 44 Section 9.03 59 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 59 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 60 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 60 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 60 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 and Material Contractual Obligations 61 SECTION 5.08. Use of Proceeds 61 SECTION 5.09. Subsidiary Guarantors; Pledges; Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Further Assurances 61 SECTION 5.10. Post-Closing Deliveries 62 SECTION 5.11. [Reserved]. 63 ARTICLE VI Negative Covenants 64 SECTION 6.01. Indebtedness 64 SECTION 6.02. Liens 65 SECTION 6.03. Fundamental Changes and Asset Sales 67 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 68 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc69 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 69 SECTION 6.07. Restricted Payments 69 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances69 SECTION 6.09. Subordinated Indebtedness, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Mezzanine Notes and Amendments to Subordinated Indebtedness Documents and Mezzanine Notes 70 SECTION 6.10. Financial Covenants 71 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 71 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 74 TABLE OF CONTENTS Page ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 77 SECTION 9.01. Notices 65 Section 13.02 77 SECTION 9.02. Waivers; Amendments 66 Section 13.03 78 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 79 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 80 SECTION 9.05. Survival 83 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 84 SECTION 9.07. Severability 72 Section 13.08 84 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW84 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 84 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 85 SECTION 9.11. Headings 73 Section 13.11 85 SECTION 9.12. Confidentiality 73 Section 13.12 85 SECTION 9.13. USA PATRIOT Act 86 SECTION 9.14. Appointment for Perfection 86 SECTION 9.15. Releases of Subsidiary Guarantors 86 SECTION 9.16. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters86 SECTION 9.17. Several Obligations; Nonreliance; Violation of Law 86 SECTION 9.18. Disclosure 87 SECTION 9.19. Subordination of Intercompany Indebtedness 87 SCHEDULES: Schedule 1.01 – Permitted Encumbrances Schedule 2.01 – Commitments Schedule 2.06 – Existing LCs Schedule 3.01 – Subsidiaries Schedule 3.17 – Insurance Schedule 6.01 – Existing Indebtedness Schedule 6.02 – Existing Liens Schedule 6.03 – Fiscal Quarters/Fiscal Years Schedule 6.04(c) – Non-Loan Party Investments, Loans, Advances and Guarantees Schedule 6.05– Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B – Form of Opinion of Loan Parties’ Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – List of Closing Documents Exhibit F-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit F-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit F-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit F-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) Exhibit G – Form of Compliance Certificate Exhibit H – Security Agreement Exhibit I – Subsidiary Guaranty CREDIT AGREEMENT (this “Agreement”) dated as of November 3, 2010 among SYMMETRY MEDICAL INC., the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, WXXXX FARGO BANK, NATIONAL ASSOCIATION, as Syndication Agent and FIFTH THIRD BANK, BANK OF AMERICA, N.A., and PNC BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Symmetry Medical Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 65 Section 4.02 Presumption of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Agent; Defaulting Lender 66 Section 4.03 Disposition of Proceeds 68 ARTICLE V INCREASED COSTS; TAXES 24 REIMBURSEMENT OF PREPAYMENT COSTS; TAXES; LIBO RATE AVAILABILITY Section 5.01 Increased Costs 24 68 Section 5.02 Reimbursement of Prepayment Costs 69 Section 5.03 Taxes 24 70 Section 5.04 Mitigation Obligations; Designation of Different Lending Office 73 Section 5.05 Replacement of Lenders 74 Section 5.06 Circumstances Affecting LIBO Rate Availability 74 Section 5.07 Laws Affecting LIBO Rate Availability 75 Section 5.08 Eurodollar Lending Office 76 Section 5.09 Right of Lenders to Fund through Branches and Affiliates 76 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT Section 6.01 Lockbox Account 25 Effectiveness 76 Section 6.02 Notice 26 Each Credit Event 79 Section 6.03 Casualty Proceeds 27 Additional Conditions to Credit Events 80 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 7.01 Organization; Powers 31 80 Section 8.02 7.02 Authority; Enforceability 31 80 Section 8.03 7.03 Approvals; No Conflicts 31 80 Section 8.04 7.04 Financial Condition; No Material Adverse Change 32 81 Section 8.05 7.05 Litigation 32 81 Section 8.06 7.06 Environmental Matters 32 81 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 83 Section 8.08 7.08 Investment Company Act 34 83 Section 8.09 Public Utility Holding Company Act 34 7.09 Taxes 83 Section 8.10 Taxes 34 7.10 ERISA 83 Section 8.11 ERISA 34 Section 8.12 7.11 Disclosure; No Material Misstatements 35 Misstatements; Beneficial Ownership 84 Section 8.13 7.12 Insurance 36 84 Section 8.14 7.13 Restriction on Liens 36 84 Section 8.15 7.14 Subsidiaries 36 84 Section 8.16 Location of Business and Offices 36 7.15 [Reserved] 85 Section 8.17 7.16 Properties; Titles, Etc 37 85 Section 8.18 7.17 Maintenance of Properties 38 85 Section 8.19 7.18 Gas Imbalances, Prepayments 38 86 Section 8.20 7.19 Marketing of Production 38 86 Section 8.21 7.20 Swap Agreements 39 86 Section 8.22 7.21 Use of Loans 39 and Letters of Credit 86 Section 8.23 7.22 Solvency 39 86 Section 8.24 Casualty Events 39 7.23 Anti-Corruption Laws and Sanctions 86 Section 8.25 Material Agreements 39 7.24 EEA Financial Institutions 87 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 7.25 Security Instruments 87 ARTICLE IX VIII AFFIRMATIVE COVENANTS 41 Section 9.01 8.01 Financial Statements; Other Information 41 87 Section 9.02 8.02 Notices of Material Events 44 89 Section 9.03 8.03 Existence; Conduct of Business 45 90 Section 9.04 8.04 Payment of Obligations 45 90 Section 9.05 Performance of Obligations under Loan Documents 45 8.05 [Reserved] 90 Section 9.06 8.06 Operation and Maintenance of Properties 45 90 Section 9.07 8.07 Insurance 46 91 Section 9.08 8.08 Books and Records; Inspection Rights 46 91 Section 9.09 8.09 Compliance with Laws 47 91 Section 9.10 8.10 Environmental Matters 47 91 Section 9.11 8.11 Further Assurances 48 92 Section 9.12 8.12 Reserve Reports 48 92 Section 9.13 8.13 Title Information 49 93 Section 9.14 Additional Collateral8.14 Agreement to Pledge; Additional Guarantors 49 94 Section 9.15 8.15 ERISA Compliance 50 95 Section 9.16 Swap 8.16 Marketing Activities 95 Section 8.17 Unrestricted Subsidiaries 95 Section 8.18 Account Control Agreements 51 96 Section 9.17 Marketing of Production 51 8.19 [Reserved] 96 Section 9.18 Overriding Royalty Interests 51 8.20 Minimum Hedged Volume 96 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 8.21 Consolidated Cash Balance 97 ARTICLE X IX NEGATIVE COVENANTS 52 Section 10.01 9.01 Financial Covenants 52 97 Section 10.02 9.02 Debt 53 98 Section 10.03 9.03 Liens 53 99 Section 10.04 Redemptions 53 9.04 Restricted Payments 100 Section 10.05 9.05 Investments, Loans and Advances 54 101 Section 10.06 9.06 Nature of Business 54 Business; Organizational Changes 102 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 9.07 Proceeds of Notes 55 Loans 102 Section 10.10 9.08 ERISA Compliance 55 103 Section 10.11 9.09 Sale or Discount of Receivables 56 103 Section 10.12 9.10 Mergers, Etc. 56 Etc 103 Section 10.13 9.11 Sale of Properties 56 104 Section 10.14 Environmental Matters 56 Section 10.15 9.12 Transactions with Affiliates 57 105 Section 10.16 Capital Expenditures 57 9.13 [Reserved] 106 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 9.14 Negative Pledge Agreements; Dividend Restrictions 57 106 Section 10.20 9.15 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Imbalances 106 Section 10.21 9.16 Swap Agreements 58 106 Section 10.22 Certain Activities 58 9.17 Designation and Conversion of Subsidiaries and Unrestricted Subsidiaries; Debt of Unrestricted Subsidiaries 107 Section 10.23 Net Sales 58 9.18 Junior Debt 107 Section 10.24 G&A Costs 58 9.19 Use of Proceeds and Letters of Credit 108 Section 10.25 Press Release 59 9.20 Changes in Fiscal Periods; Accounting Change 108 ARTICLE XI X EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 10.01 Events of Default 59 108 Section 11.02 10.02 Remedies 61 110 ARTICLE XI THE AGENTS Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations 11.01 Appointment of Administrative Agent 62 111 Section 12.03 Action by 11.02 [Reserved] 112 Section 11.03 Scope of Administrative Agent’s Duties 112 Section 11.04 Successor Administrative Agent 63 112 Section 12.04 Reliance by Administrative Agent 63 11.05 Credit Decisions 113 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 11.06 Authority of Administrative Agent to Release Enforce This Agreement 113 Section 11.07 Indemnification of Administrative Agent 113 Section 11.08 Knowledge of Default 114 Section 11.09 Administrative Agent’s Authorization; Action by Lenders 114 Section 11.10 Enforcement Actions by Administrative Agent 115 Section 11.11 Collateral Matters 115 Section 11.12 Credit Bidding 115 Section 11.13 Agents in their Individual Capacities 116 Section 11.14 Administrative Agent’s Fees 117 Section 11.15 Syndication Agent, Documentation Agent or other Titles 117 Section 11.16 No Reliance on Administrative Agent’s Customer Identification Program 117 Section 11.17 Certain ERISA Matters 117 Section 11.18 Acknowledgments of Lenders and Liens 65 Issuing Banks 119 ARTICLE XIII XII MISCELLANEOUS 65 Section 13.01 12.01 Notices 65 120 Section 13.02 12.02 Waivers; Amendments 66 121 Section 13.03 12.03 Expenses, Indemnity; Damage Waiver. 66 Waiver 123 Section 13.04 12.04 Successors and Assigns 68 125 Section 13.05 12.05 Survival; Revival; Reinstatement 71 128 Section 13.06 12.06 Counterparts; Integration; Effectiveness 71 Effectiveness; Electronic Execution 129 Section 13.07 12.07 Severability 72 130 Section 13.08 12.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76130

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption offs; Allocation of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Proceeds 100 SECTION 2.20. Mitigation Obligations; Replacement of Lenders 103 SECTION 2.21. Designation of Subsidiary Borrowers 104 SECTION 2.22. Defaulting Lenders 105 SECTION 2.23. Refinancing Amendments 106 SECTION 2.24. Loan Repurchases 110 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties SECTION 3.01. Organization; Powers 31 Section 8.02 Authority112 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 112 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 112 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 112 SECTION 3.05. Properties; Insurance 113 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 113 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 113 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 114 SECTION 3.09. Taxes 34 Section 8.11 114 SECTION 3.10. ERISA 34 Section 8.12 Disclosure114 SECTION 3.11. Subsidiaries; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Ownership of Capital Stock 114 SECTION 3.12. Disclosure 114 SECTION 3.13. Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 114 SECTION 3.14. Federal Reserve Regulations 114 SECTION 3.15. Anti-Corruption Laws; Sanctions 114 SECTION 3.16. Security Documents 115 SECTION 3.17. Solvency 116 ARTICLE IV Conditions SECTION 4.01. Effective Date 116 SECTION 4.02. Each Credit Event 118 ARTICLE V Affirmative Covenants SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 119 SECTION 5.02. Notices of Material Events 44 Section 9.03 121 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 122 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 122 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 122 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 123 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 124 SECTION 5.08. Use of Proceeds and Letters of Credit 124 SECTION 5.09. Maintenance of Ratings 124 SECTION 5.10. Additional CollateralSubsidiary Guarantors; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Security; Further Assurances, etc. 124 SECTION 5.11. Restricted and Unrestricted Subsidiaries 126 SECTION 5.12. Post-Closing Requirements 126 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 SECTION 6.01. Indebtedness 126 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 130 SECTION 6.03. Fundamental Changes; Asset Sales 132 SECTION 6.04. Investments, Loans Loans, Advances, Guarantees and Advances 54 Section 10.06 Nature Acquisitions 134 SECTION 6.05. Business of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale the Company and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etcthe Subsidiaries 136 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Restricted Payments 136 SECTION 6.07. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 138 SECTION 6.08. Restrictions on Subsidiary Distributions and Negative Pledge AgreementsClauses 139 SECTION 6.09. Financial Covenants 141 SECTION 6.10. Use of Proceeds-Anti-Corruption; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Sanctions 142 SECTION 6.11. Fiscal Quarter and/or Fiscal Year 142 SECTION 6.12. Modification of Organizational Documents and Junior Financing Documentation 142 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 VIII The Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76IX Guarantee ARTICLE X

Appears in 1 contract

Samples: Security Agreement (Schulman a Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption Offs 72 ARTICLE 3 GUARANTEE BY GUARANTORS 75 3.1 The Guarantee 75 3.2 Obligations Unconditional 75 3.3 Reinstatement 76 3.4 Subrogation 76 3.5 Remedies 76 3.6 Continuing Guarantee 77 3.7 Rights of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Contribution 77 3.8 General Limitation on Guarantee Obligations 77 3.9 Waivers 78 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII 4 REPRESENTATIONS AND WARRANTIES 31 Section 8.01 78 4.1 Organization; Powers 31 Section 8.02 Authority78 4.2 Authorization; Enforceability 31 Section 8.03 78 4.3 Governmental Approvals; No Conflicts 31 Section 8.04 79 4.4 Financial Condition; No Material Adverse Change 32 Section 8.05 79 4.5 Properties 80 4.6 Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 81 4.7 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 82 4.8 Investment Company Act 34 Section 8.09 Public Utility and Holding Company Status 82 4.9 Taxes 82 4.10 ERISA 82 4.11 Disclosure 82 4.12 Ownership and Capitalization 82 4.13 Subsidiaries 83 4.14 Material Indebtedness, Liens and Agreements 83 4.15 Permits and Licenses 84 4.16 Federal Reserve Regulations 85 4.17 Labor and Employment Matters 85 4.18 Subchapter S Election and QSSS Election 86 4.19 Senior Indebtedness 86 4.20 Patriot Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 86 ARTICLE 5 CONDITIONS 86 5.1 Effective Time 86 5.2 Each Extension of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Credit 91 ARTICLE IX 6 AFFIRMATIVE COVENANTS 41 Section 9.01 91 6.1 Financial Statements; Statements and Other Information 41 Section 9.02 91 6.2 Notices of Material Events 44 Section 9.03 93 6.3 Existence; Conduct of Business 45 Section 9.04 94 6.4 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 95 6.5 Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 95 6.6 Books and Records; Inspection Rights 46 Section 9.09 95 6.7 Fiscal Year 96 6.8 Compliance with Laws 47 Section 9.10 Laws, Maintenance of FCC Licenses 96 6.9 Use of Proceeds 96 6.10 Certain Obligations Respecting Guarantors and Collateral Security 96 6.11 ERISA 97 6.12 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional CollateralMatters; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Reporting 98 6.13 Conforming Leasehold Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 98 6.14 Qualifying IPO Funding Transactions 98 6.15 Private Equity Related Transactions 99 ARTICLE X 7 NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 99 7.1 Indebtedness 99 7.2 Liens 53 Section 10.04 Redemptions 53 Section 10.05 101 7.3 [Reserved] 103 7.4 Fundamental Changes; Asset Sales 103 7.5 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 ; Hedging Agreements 107 7.6 Restricted Junior Payments 111 7.7 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 115 7.8 Restrictive Agreements 57 Section 10.18 116 7.9 Sale-Leaseback Transactions 116 7.10 Certain Financial Covenants 117 7.11 Lines of Business; Restrictions on the Borrower 117 7.12 [Reserved] 118 7.13 Modifications of Certain Documents 118 7.14 Empire Burbank 118 7.15 Holding Company Restrictions 119 7.16 License Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 122 ARTICLE XI 8 EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 DEFAULT 122 8.1 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 122 ARTICLE XII 9 THE ADMINISTRATIVE AGENT 62 Section 12.02 AND THE COLLATERAL AGENT 126 9.1 Appointment and Authorization 126 9.2 Administrative Agent’s and Collateral Agent’s Rights as Lender 126 9.3 Duties As Expressly Stated 127 9.4 Reliance By Administrative Agent and Obligations the Collateral Agent 128 9.5 Action Through Sub-Agents 129 9.6 Resignation of Administrative Agent 62 Section 12.03 Action by and Collateral Agent and Appointment of Successor Administrative Agent 63 Section 12.04 Reliance by Administrative and Collateral Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal 129 9.7 Lenders’ Independent Decisions 130 9.8 Indemnification 130 9.9 Consents Under Other Loan Documents 131 9.10 Co-Syndication Agents and Documentation Agent 131 ARTICLE 10 SPECIAL PROVISIONS GOVERNING COLLATERAL 131 10.1 Pari Passu 131 10.2 Turnover of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent Collateral 131 10.3 Right to Release Collateral and Liens 65 Enforce Agreement 132 ARTICLE XIII 11 MISCELLANEOUS 65 Section 13.01 132 11.1 Notices 65 Section 13.02 132 11.2 Waivers; Amendments 66 Section 13.03 133 11.3 Expenses, ; Indemnity; Damage Waiver. 66 Section 13.04 Waiver 134 11.4 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 136 11.5 Survival 139 11.6 Counterparts; Integration; References to Agreement; Effectiveness 71 Section 13.07 140 11.7 Severability 72 Section 13.08 140 11.8 Right of Setoff 72 Section 13.09 GOVERNING LAW140 11.9 Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 140 11.10 WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 141 11.11 Headings 73 Section 13.11 141 11.12 Release of Collateral and Guarantees 142 11.13 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 142 11.14 Continued Effectiveness; No Novation 142 11.15 USA Patriot Act 143 11.16 Commitments 143 AMENDED AND RESTATED CREDIT AGREEMENT AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 8, 2006 (this “Agreement”), among LBI MEDIA, INC., THE GUARANTORS PARTY HERETO, THE LENDERS PARTY HERETO, CREDIT SUISSE SECURITIES (USA) LLC and WACHOVIA CAPITAL MARKETS, LLC, as Joint Lead Arrangers, WACHOVIA BANK, N.A. and XXXXXX XXXXXXX, as Co-Syndication Agents, UNION BANK OF CALIFORNIA, N.A., as Documentation Agent CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Administrative Agent and CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Agent. This Agreement amends, restates and supersedes, in its entirety, (a) that certain Amended and Restated Credit Agreement dated as of June 11, 2004, among the Borrower, the guarantors party thereto, the lenders party thereto, and Credit Suisse First Boston as administrative agent and lead arranger as amended by the First Amendment to Amended and Restated Credit Agreement dated as of December 15, 2004 and Second Amendment to Amended and Restated Credit Agreement dated as of January 28, 2005 and as further amended prior to May 8, 2006 (as so amended, the “Existing Credit Agreement”), which collectively amended and restated (b) that certain Amended and Restated Credit Agreement dated as of July 9, 2002, among the Borrower, the guarantors party thereto, the lenders party thereto, the agents party thereto, Fleet National Bank, as administrative agent, as amended by that certain First Amendment to Amended and Restated Credit Agreement dated April 15, 2003, that certain Second Amendment to Amended and Restated Credit Agreement dated October 10, 2003, and as further amended prior to June 11, 2004 (as so amended the “2002 Credit Agreement”), which collectively amended and restated (c) that certain Credit Agreement dated as of March 20, 2001 among the Borrower, the guarantors party thereto, the lenders party thereto, the agents party thereto, Fleet National Bank, as administrative agent (as amended prior to July 9, 2002, the “Original Credit Agreement” and together with the Existing Credit Agreement and the 2002 Credit Agreement, the “Prior Credit Agreements”).

Appears in 1 contract

Samples: Credit Agreement (Lbi Media Holdings Inc)

Payments Generally. Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 68 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Lenders 71 SECTION 2.20. Expansion Option 00 XXXXXXX 0.00. Xxxxxxxx Xxx (Xxxxxx), Etc. 73 SECTION 2.22. Judgment Currency 73 SECTION 2.23. Designation of Subsidiary Borrowers 74 SECTION 2.24. Defaulting Lenders 75 ARTICLE III Representations and Warranties 77 SECTION 3.01. Financial Condition 77 SECTION 3.02. No Change 77 SECTION 3.03. Corporate Existence; Compliance with Law 77 SECTION 3.04. Corporate Power; Authorization; Enforceable Obligations 77 SECTION 3.05. No Legal Bar 78 SECTION 3.06. No Material Litigation 78 SECTION 3.07. No Default 78 SECTION 3.08. Ownership of Property; Liens 78 SECTION 3.09. Intellectual Property 78 SECTION 3.10. Taxes 79 SECTION 3.11. Federal Regulations 79 TABLE OF CONTENTS (continued) Page SECTION 3.12. Labor Matters 79 SECTION 3.13. ERISA 79 SECTION 3.14. Investment Company Act; Other Regulations 80 SECTION 3.15. Subsidiaries 81 SECTION 3.16. Use of Proceeds 81 SECTION 3.17. Environmental Matters 81 SECTION 3.18. Accuracy of Information, Etc. 82 SECTION 3.19. Collateral Documents 82 SECTION 3.20. Solvency 83 SECTION 3.21. Insurance 83 SECTION 3.22. Patriot Act, Etc 83 ARTICLE IV Conditions 83 SECTION 4.01. Restatement Effective Date 83 SECTION 4.02. Each Credit Event 83 SECTION 4.03. Designation of a Subsidiary Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 84 ARTICLE V INCREASED COSTSAffirmative Covenants 84 SECTION 5.01. Financial Statements 84 SECTION 5.02. Certificates; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit Other Information 85 SECTION 5.03. Payment of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location Obligations 86 SECTION 5.04. Conduct of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas ImbalancesExistence, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Etc. 87 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Property; Insurance 46 Section 9.08 87 SECTION 5.06. Inspection of Property; Books and Records; Inspection Rights 46 Section 9.09 Compliance with Discussions 87 SECTION 5.07. Notices 87 SECTION 5.08. Environmental Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 88 SECTION 5.09. Additional Collateral, etc. 88 SECTION 5.10. Use of Proceeds 91 SECTION 5.11. ERISA Documents 91 SECTION 5.12. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 91 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 91 SECTION 6.01. Limitation on Leases 54 Section 10.08 Sale Indebtedness 92 SECTION 6.02. Limitation on Liens 94 SECTION 6.03. Limitation on Fundamental Changes 96 SECTION 6.04. Limitation on Disposition of Property 97 SECTION 6.05. Limitation on Restricted Payments 98 SECTION 6.06. Limitation on Capital Expenditures 99 SECTION 6.07. Limitation on Investments 99 SECTION 6.08. Limitation on Optional Payments and Leasebacks 55 Section 10.09 Proceeds Modifications of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, EtcDebt Instruments Governing Documents 101 SECTION 6.09. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Limitation on Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 102 SECTION 6.10. Limitation on Sales and Leasebacks 102 SECTION 6.11. Limitation on Changes in Fiscal Periods 102 SECTION 6.12. Limitation on Negative Pledge Agreements; Dividend Clauses 102 SECTION 6.13. Limitation on Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap on Subsidiary Distributions 103 SECTION 6.14. Limitation on Lines of Business 103 SECTION 6.15. Limitation on Issuance of Capital Stock 103 TABLE OF CONTENTS (continued) Page SECTION 6.16. Limitation on Activities of Canadian Holding Companies and Dormant Subsidiaries 104 SECTION 6.17. Limitation on Hedge Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 104 SECTION 6.18. Financial Covenants 104 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 105 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 108 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 112 SECTION 9.01. Notices 65 Section 13.02 112 SECTION 9.02. Waivers; Amendments 66 Section 13.03 113 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 115 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 116 SECTION 9.05. Survival 119 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 119 SECTION 9.07. Severability 72 Section 13.08 120 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW120 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 120 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 121 SECTION 9.11. Headings 73 Section 13.11 121 SECTION 9.12. Confidentiality 73 Section 13.12 121 SECTION 9.13. USA PATRIOT Act; AML Legislation 122 SECTION 9.14. Appointment for Perfection 123 SECTION 9.15. Releases of Subsidiary Guarantors 123 SECTION 9.16. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 124 SECTION 9.17. No Third Party Beneficiaries 76 Section 13.16 Securitization 76Advisory or Fiduciary Responsibility 124 ARTICLE X Cross-Guarantee 125 ARTICLE XI 127 Collection Allocation Mechanism 127 TABLE OF CONTENTS (continued) SCHEDULES: Schedule 1.01 – Dormant Subsidiaries Schedule 2.01 – Commitments Schedule 2.02 – Mandatory Cost Schedule 3.08 – Ownership of Property Schedule 3.09 – Intellectual Property Schedule 3.13 – ERISA Matters Schedule 3.15 – Subsidiaries Schedule 3.21 – Insurance Schedule 6.01 – Excluded Contracts Schedule 6.01(d) – Existing Indebtedness Schedule 6.02(f) – Existing Liens Schedule 6.04(f) – Scheduled Dispositions Schedule 6.07 – Investments Schedule 6.13 – Existing Negative Pledges Schedule 7(g)(i) – Required Payments to Employee Welfare Benefits Plans Schedule 7(g)(ii) – Required Payments to Multiemployer Plans EXHIBITS: Exhibit A – Form of Assignment and Assumption Exhibit B-1 – Form of Opinion of Loan Parties’ U.S. Counsel Exhibit B-2 – Form of Opinion of Loan Parties’ Internal Counsel Exhibit C – Form of Increasing Lender Supplement Exhibit D – Form of Augmenting Lender Supplement Exhibit E – [Intentionally omitted] Exhibit F-1 – Form of Borrowing Subsidiary Agreement Exhibit F-2 – Form of Borrowing Subsidiary Termination Exhibit G-1 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Not Partnerships) Exhibit G-2 – Form of U.S. Tax Certificate (Non-U.S. Lenders That Are Partnerships) Exhibit G-3 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Not Partnerships) Exhibit G-4 – Form of U.S. Tax Certificate (Non-U.S. Participants That Are Partnerships) Exhibit H – Compliance Certificate SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of March 25, 2011, as amended and restated as of September 30, 2011, as further amended and restated as of May 3, 2013, among LKQ CORPORATION, LKQ DELAWARE LLP, the SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, BANK OF AMERICA, N.A., as Syndication Agent and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. and RBS CITIZENS, N.A., as Co-Documentation Agents.

Appears in 1 contract

Samples: And Restatement Agreement (LKQ Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 71 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 73 SECTION 2.20. Subsidiary Borrowers 74 SECTION 2.21. Defaulting Lenders 75 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 77 SECTION 3.01. Organization; Powers 31 Section 8.02 Authority77 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 77 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 77 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 78 SECTION 3.05. Properties 78 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 78 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 79 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 79 SECTION 3.09. Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure79 SECTION 3.10. ERISA; No Material Misstatements 35 Section 8.13 Foreign Pension Plans 79 SECTION 3.11. Disclosure 80 SECTION 3.12. The Security Documents 81 SECTION 3.13. Subsidiaries 81 SECTION 3.14. Indebtedness 82 SECTION 3.15. Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location 82 SECTION 3.16. Regulation U 82 SECTION 3.17. Solvency 82 SECTION 3.18. Anti-Corruption Laws and Sanctions 82 SECTION 3.19. Centre of Business Main Interest 83 SECTION 3.20. Registration 83 SECTION 3.21. Preferred Creditors 83 ARTICLE IV Conditions 83 SECTION 4.01. Funding Date 83 SECTION 4.02. Each Credit Event 87 ARTICLE V Affirmative Covenants 88 SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 88 SECTION 5.02. Notices of Material Events 44 Section 9.03 90 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 91 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 91 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 91 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 91 SECTION 5.07. Compliance with Laws 47 Section 9.10 and Material Contractual Obligations 92 SECTION 5.08. Use of Proceeds and Letters of Credit 92 SECTION 5.09. Compliance with Environmental Matters 47 Section 9.11 Laws 93 SECTION 5.10. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional CollateralAssurances; etc 93 SECTION 5.11. Ownership of Subsidiaries; etc 94 SECTION 5.12. Margin Regulations 95 SECTION 5.13. Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing and Collateral 95 SECTION 5.14. Maintenance of Production 51 Section 9.18 Overriding Royalty Ratings 96 SECTION 5.15. Pensions 96 SECTION 5.16. Centre of Main Interests 51 Section 9.19 Right 97 SECTION 5.17. Designation of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Restricted Subsidiaries 97 SECTION 5.18. Post-Closing Obligations 98 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 98 SECTION 6.01. Indebtedness 98 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments101 SECTION 6.03. Merger, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale Purchase or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Assets, Change in Business 106 SECTION 6.04. Restricted Payments 106 SECTION 6.05. Advances, Investments and Loans 108 SECTION 6.06. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition 111 SECTION 6.07. Use of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76112

Appears in 1 contract

Samples: Security Agreement (Manitowoc Foodservice, Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Set‑offs 28 Section 4.02 Presumption 2.14 Defaulting Lender 29 Section 2.15 Commitment Increase 30 ARTICLE III Representations and Warranties 32 Section 3.01 Organization and Powers; Place of Payment by the Borrower 23 Business 32 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 Organization; Powers 31 Section 8.02 Authority3.02 Authorization; Enforceability 31 32 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 32 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 33 Section 8.05 3.05 Litigation 32 Section 8.06 and Environmental Matters 32 33 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 3.06 Investment Company Act 34 Status 33 Section 8.09 Public Utility Holding Company Act 34 3.07 Taxes 33 Section 8.10 Taxes 34 Section 8.11 3.08 ERISA 34 Section 8.12 Disclosure3.09 Disclosure 34 Section 3.10 Subsidiaries 34 Section 3.11 Margin Regulations 34 Section 3.12 Anti-Corruption Laws; No Material Misstatements Sanctions 34 ARTICLE IV Conditions 35 i Section 4.01 Effective Date 35 Section 8.13 Insurance 4.02 Closing Date 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 4.03 Each Borrowing 37 Section 8.18 Maintenance of Properties 4.04 Each Commitment Increase 38 ARTICLE V Covenants 38 Section 8.19 Gas Imbalances, Prepayments 5.01 Financial Statements and Other Information 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 5.02 Existence; Conduct of Business 45 40 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.03 Maintenance of Properties 45 Properties; Insurance 40 Section 9.07 Insurance 46 Section 9.08 5.04 Books and Records; Inspection Rights 46 40 Section 9.09 5.05 Compliance with Laws 47 41 Section 9.10 Environmental Matters 47 5.06 Use of Proceeds 41 Section 9.11 Further Assurances 48 5.07 Liens 41 Section 9.12 Reserve Reports 48 5.08 Fundamental Changes 43 Section 9.13 Title Information 49 5.09 Financial Covenant 44 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 5.10 Limitation on Leases 54 Restrictions on Subsidiary Dividends and Other Distributions 44 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 5.11 Transactions with Affiliates 57 45 Section 10.16 Capital Expenditures 57 5.12 Subsidiary Guarantors 47 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 5.13 Subsidiary Debt 47 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VI Events of Default 59 47 Section 11.02 Remedies 61 6.01 Events of Default 47 ARTICLE VII The Administrative Agent 50 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 7.01 Appointment and Authority 50 Section 12.02 7.02 Administrative Agent Individually 50 Section 7.03 Duties and Obligations of Administrative Agent 62 Agent; Exculpatory Provisions 50 Section 12.03 Action by Administrative Agent 63 Section 12.04 7.04 Reliance by Administrative Agent 63 51 Section 12.05 Subagents 63 7.05 Delegation of Duties 52 Section 12.06 7.06 Resignation or Removal of Administrative Agent 64 52 Section 12.07 Agents as Lenders 64 Section 12.08 No 7.07 Non-Reliance 64 Section 12.09 Authority of on Administrative Agent and Other Lenders 53 Section 7.08 Termination of Subsidiary Guaranty 53 Section 7.09 No Other Duties, etc 53 ARTICLE VIII Yield Protection, Illegality and Taxes 53 Section 8.01 Alternate Rate of Interest 54 Section 8.02 Illegality 54 Section 8.03 Increased Costs 54 Section 8.04 Break Funding Payments 56 Section 8.05 Taxes 56 Section 8.06 Matters Applicable to Release Collateral and Liens 65 all Requests for Compensation 58 ii Section 8.07 Mitigation Obligations 58 ARTICLE XIII MISCELLANEOUS 65 IX Miscellaneous 58 Section 13.01 9.01 Notices 65 58 Section 13.02 9.02 Waivers; Amendments 66 60 Section 13.03 9.03 Expenses, ; Indemnity; Damage Waiver. 66 Waiver 60 Section 13.04 9.04 Successors and Assigns 68 62 Section 13.05 Survival; Revival; Reinstatement 71 9.05 Survival 67 Section 13.06 9.06 Counterparts; Integration; Effectiveness 71 68 Section 13.07 9.07 Severability 72 68 Section 13.08 9.08 Right of Setoff 68 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process 69 Section 9.10 Waiver of Jury Trial 70 Section 9.11 Waiver of Immunities 70 Section 9.12 Judgment Currency 70 Section 9.13 Headings 71 Section 9.14 Confidentiality 71 Section 9.15 Posting of Approved Electronic Communications 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 9.16 Treatment of Information 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 9.17 [Reserved] 75 Section 13.14 Collateral Matters; Swap Agreements 9.18 USA PATRIOT Act Notice 75 Section 13.15 9.19 No Third Party Beneficiaries 76 Fiduciary Duty 75 Section 13.16 Securitization 9.20 Acknowledgment and Consent to Bail-In of EEA Financial Institutions 76

Appears in 1 contract

Samples: Credit Agreement (TYCO INTERNATIONAL PLC)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 36 Section 4.02 Presumption of Payment by the Borrower 23 37 Section 4.03 Certain Deductions by the Administrative Agent 23 37 Section 4.04 Disposition of Proceeds 37 ARTICLE V INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES 24 38 Section 5.01 Increased Costs 24 38 Section 5.02 [Reserved] 38 Section 5.03 Taxes 24 39 Section 5.04 Designation of Different Lending Office 42 Section 5.05 Replacement of Lenders 42 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT 43 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 Effective Date 43 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 45 Section 8.01 7.01 Organization; Powers 31 45 Section 8.02 7.02 Authority; Enforceability 31 46 Section 8.03 7.03 Approvals; No Conflicts 31 46 Section 8.04 7.04 Financial Condition; No Material Adverse Change 32 46 Section 8.05 7.05 Litigation 32 47 Section 8.06 7.06 Environmental Matters 32 47 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 48 Section 8.08 7.08 Investment Company Act 34 48 Section 8.09 Public Utility Holding Company Act 34 7.09 No Margin Stock Activities 48 Section 8.10 7.10 Taxes 34 49 Section 8.11 7.11 ERISA 34 49 Section 8.12 7.12 Disclosure; No Material Misstatements 35 50 Section 8.13 7.13 Insurance 36 50 Section 8.14 7.14 Restriction on Liens 36 51 Section 8.15 7.15 Subsidiaries 36 51 Section 8.16 7.16 Location of Business and Offices 36 51 Section 8.17 7.17 Properties; Titles, Etc 37 etc 52 Section 8.18 7.18 Maintenance of Properties 38 53 Section 8.19 7.19 Gas Imbalances, Prepayments 38 Imbalances 53 Section 8.20 7.20 Marketing of Production 38 53 Section 8.21 7.21 Swap Agreements 39 54 Section 8.22 Use of Loans 39 7.22 Solvency 54 Section 8.23 Solvency 39 7.23 Foreign Corrupt Practices 54 Section 8.24 Casualty Events 39 7.24 OFAC 54 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 7.25 Security 54 ARTICLE IX VIII AFFIRMATIVE COVENANTS 41 55 Section 9.01 8.01 Financial Statements; Other Information 41 55 Section 9.02 8.02 Notices of Material Events 44 58 Section 9.03 8.03 Existence; Conduct of Business 45 58 Section 9.04 8.04 Payment of Obligations 45 59 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 8.05 Operation and Maintenance of Properties 45 59 Section 9.07 8.06 Insurance 46 60 Section 9.08 8.07 Books and Records; Inspection Rights 46 60 Section 9.09 8.08 Compliance with Laws 47 60 Section 9.10 8.09 Environmental Matters 47 60 Section 9.11 8.10 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7661

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy Group, LLC)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Set‑offs; Administrative Agent's Clawback 40 Section 4.02 Presumption 2.18 Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 42 Section 4.03 Certain Deductions by the Administrative Agent 23 2.19 Defaulting Lenders 42 Section 2.20 Increase Option 44 Section 2.21 Extension of Loans and Commitments 45 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 47 Section 8.01 3.01 Organization; Powers 31 47 Section 8.02 Authority3.02 Authorization; Enforceability 31 48 Section 8.03 3.03 Governmental Approvals; No Conflicts 31 48 Section 8.04 3.04 Financial Condition; No Material Adverse Change 32 48 Section 8.05 3.05 Properties 49 Section 3.06 Litigation 32 Section 8.06 and Environmental Matters 32 49 Section 8.07 3.07 Compliance with the Laws and Agreements; No Defaults 34 Agreements 49 Section 8.08 3.08 Investment Company Act 34 Status 49 Section 8.09 Public Utility Holding Company Act 34 3.09 Taxes 49 -i- Section 8.10 Taxes 34 3.10 ERISA 49 Section 8.11 ERISA 34 3.11 Disclosure 50 Section 8.12 Disclosure; No Material Misstatements 35 3.12 Federal Regulations 50 Section 8.13 3.13 Subsidiaries 50 Section 3.14 Insurance 36 50 Section 8.14 Restriction on Liens 36 3.15 Anti-Corruption Laws and Sanctions 50 Section 8.15 Subsidiaries 36 3.16 EEA Financial Institutions 50 ARTICLE IV CONDITIONS 50 Section 8.16 Location 4.01 Conditions of Business and Offices 36 Effectiveness 50 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of 4.02 Conditions to all Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 51 ARTICLE IX V AFFIRMATIVE COVENANTS 41 52 Section 9.01 5.01 Financial Statements; Statements and Other Information 41 52 Section 9.02 5.02 Notices of Material Events 44 54 Section 9.03 5.03 Existence; Conduct of Business 45 54 Section 9.04 5.04 Payment of Obligations 45 Taxes 54 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05 Maintenance of Properties 45 Properties; Insurance 54 Section 9.07 Insurance 46 Section 9.08 5.06 Books and Records; Inspection Rights 46 54 Section 9.09 5.07 Compliance with Laws 47 55 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing 5.08 Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right Proceeds and Letters of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Credit 55 ARTICLE X VI NEGATIVE COVENANTS 52 55 Section 10.01 6.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 6.02 Indebtedness 56 Section 10.12 Mergers, Etc. 6.03 Liens 56 Section 10.13 6.04 Fundamental Changes; Sale of Properties 56 Assets. 57 Section 10.14 Environmental Matters 56 Section 10.15 6.05 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 6.06 Restrictive Agreements 57 Section 10.18 6.07 Affected Non-Material Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 ARTICLE VII GUARANTEE 58 Section 10.22 Certain Activities 7.01 Guarantee 58 Section 10.23 Net Sales 7.02 Delay of Subrogation 58 Section 10.24 G&A Costs 7.03 Amendments, etc. with respect to the Obligations; Waiver of Rights 58 Section 10.25 Press Release 7.04 Guarantee Absolute and Unconditional 59 Section 7.05 Reinstatement 59 Section 7.06 Payments 60 60 ARTICLE XI VIII EVENTS OF DEFAULT; DEFAULT AND REMEDIES 59 60 Section 11.01 8.01 Events of Default 59 60 Section 11.02 8.02 Remedies 61 Upon Event of Default 62 Section 11.03 Disposition 8.03 Application of Proceeds 61 Funds 62 ARTICLE XII THE IX ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII X MISCELLANEOUS 65 Section 13.01 Notices 10.01 Notices; Effectiveness; Electronic Communication 65 Section 13.02 Waivers10.02 Amendments, Etc 67 Section 10.03 Enforcement 68 Section 10.04 Expenses; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Waiver 69 Section 13.04 10.05 Payments Set Aside 70 Section 10.06 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 10.07 Survival 74 Section 10.08 Counterparts; Integration; Effectiveness 71 Effectiveness; Amendment and Restatement 75 Section 13.07 10.09 Severability 72 75 Section 13.08 10.10 Right of Setoff 72 75 Section 13.09 GOVERNING LAW10.11 Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 72 Etc 75 Section 13.10 Headings 73 10.12 Waiver of Jury Trial 76 Section 13.11 10.13 Treatment of Certain Information; Confidentiality 73 76 Section 13.12 10.14 Interest Rate Limitation 74 78 Section 13.13 EXCULPATION PROVISIONS 75 10.15 No Advisory or Fiduciary Responsibility 78 Section 13.14 Collateral Matters; Swap Agreements 75 10.16 Electronic Execution of Assignments and Certain Other Documents 78 Section 13.15 No Third Party Beneficiaries 76 10.17 USA PATRIOT Act 78 Section 13.16 Securitization 7610.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions 79 SCHEDULES

Appears in 1 contract

Samples: Credit and Guarantee Agreement (H&r Block Inc)

Payments Generally. Pro Rata rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 2.17. Mitigation Obligations; Replacement of Payment by the Borrower Lenders 23 Section 4.03 Certain Deductions by the Administrative Agent 23 ARTICLE V INCREASED COSTS; TAXES 2.18. [Reserved] 24 Section 5.01 Increased Costs 2.19. [Reserved] 24 ARTICLE III Representations and Warranties 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 3.01. Organization; Powers 31 24 Section 8.02 Authority3.02. Authorization; Enforceability 31 24 Section 8.03 3.03. Governmental Approvals; No Conflicts 31 24 Section 8.04 3.04. Financial Condition; No Material Adverse Change 32 Condition 25 Section 8.05 3.05. Properties 25 Section 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 25 Section 8.07 3.07. Compliance with the Laws and Agreements; No Defaults 34 Agreements 26 Section 8.08 3.08. Investment Company Act 34 Section 8.09 Public Utility and Holding Company Act 34 Status 26 Section 8.10 3.09. Taxes 34 26 Section 8.11 3.10. ERISA 34 26 Section 8.12 Disclosure; No 3.11. Disclosure 26 Section 3.12. Subsidiaries 27 Section 3.13. Insurance 27 Section 3.14. Labor Matters 27 Section 3.15. Solvency 27 Section 3.16. Material Misstatements 35 Property Subject to Security Documents 27 ARTICLE IV Conditions 28 Section 8.13 Insurance 36 4.01. Effective Date 28 Section 8.14 Restriction on Liens 36 4.02. [Reserved] 30 ARTICLE V Affirmative Covenants 30 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 30 Section 9.02 5.02. Notices of Material Events 44 32 Section 9.03 5.03. Information Regarding Borrower 32 Section 5.04. Existence; Conduct of Business 45 33 Section 9.04 5.05. Payment of Obligations 45 33 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.06. Maintenance of Properties 45 33 Section 9.07 5.07. Insurance; Keyman Life Insurance 46 Policies 34 Section 9.08 5.08. Casualty and Condemnation 34 Section 5.09. Books and Records; Inspection and Audit Rights 46 34 Section 9.09 5.10. Compliance with Laws 47 35 Section 9.10 Environmental Matters 47 5.11. Use of Proceeds 35 Section 9.11 5.12. Further Assurances 48 35 Section 9.12 Reserve Reports 48 5.13. Financial Covenants 35 Section 9.13 Title Information 49 5.14. [Reserved] 36 Section 9.14 Additional Collateral5.15. Landlord and Mortgagee Agreements 36 ARTICLE VI Negative Covenants 36 Section 6.01. Indebtedness; Additional Guarantors 49 Certain Equity Securities 37 Section 9.15 ERISA Compliance 50 6.02. Liens 37 Section 9.16 6.03. Fundamental Changes 38 Section 6.04. Investments, Loans, Advances and Guarantees 38 Section 6.05. Asset Sales 39 Section 6.06. Sale and Leaseback Transactions 40 Section 6.07. Swap Agreements 51 40 Section 9.17 Marketing of Production 51 6.08. Restricted Payments 40 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc6.09. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 40 Section 10.16 6.10. Restrictive Agreements 40 Section 6.11. Amendment of Material Documents 41 Section 6.12. Additional Subsidiaries 41 Section 6.13. Capital Expenditures 57 41 Section 10.17 Material Agreements 57 6.14. Lease Expense 41 Section 10.18 Subsidiaries 57 6.15. Scheduled Properties 41 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 6.16. Acquisitions 42 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 43 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 46 ARTICLE IX Miscellaneous 48 Section 12.03 Action by Administrative Agent 63 9.01. Notices 48 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 9.02. Waivers; Amendments 66 48 Section 13.03 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 49 Section 9.04. 66 Section 13.04 Successors and Assigns 68 51 Section 13.05 Survival; Revival; Reinstatement 71 9.05. Survival 53 Section 13.06 9.06. Counterparts; Integration; Effectiveness 71 53 Section 13.07 9.07. Severability 72 54 Section 13.08 9.08. Right of Setoff 72 54 Section 13.09 GOVERNING LAW9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 54 Section 9.10. WAIVER OF PROCESS 72 JURY TRIAL 55 Section 13.10 9.11. Headings 73 55 Section 13.11 Confidentiality 73 Section 13.12 9.12. Interest Rate Limitation 74 55 Section 13.13 EXCULPATION PROVISIONS 75 9.13. USA Patriot Act 56 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 769.14. Confidentiality 56 Schedules Schedule 1.01A - Competitors Schedule 1.01B - Excluded Property Schedule 1.01C - No-Lien Leaseholds Schedule 2.01 - Term Commitments Schedule 2.09 - Scheduled Properties Schedule 3.12 - Subsidiaries Schedule 6.01 - Refinanced Indebtedness Schedule 6.02 - Existing Liens Schedule 6.05 - Appraised Values Schedule 6.09 - Affiliate Transactions Exhibits Exhibit A - Assignment and Assumption Exhibit B - Compliance Certificate Exhibit C - Term Note Exhibit D - Notice of Borrowing Exhibit E - Real Estate Report TERM LOAN AGREEMENT TERM LOAN AGREEMENT (as amended, modified, restated, supplemented and in effect from time to time, herein called this "Agreement") dated as of June 7, 2004 (the "Effective Date"), among XXXX'X, INC., a Delaware corporation, the LENDERS party hereto, and GUGGENHEIM CORPORATE FUNDING, LLC, as Administrative Agent for the Lenders. Definitions The parties hereto agree as follows:

Appears in 1 contract

Samples: Term Loan Agreement (Lubys Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 2637 Section 4.02 Presumption 2.17. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 2839 Section 4.03 Certain Deductions by the Administrative Agent 23 2.18. Defaulting Lenders 2839 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III REPRESENTATIONS AND WARRANTIES 31 2940 Section 8.01 3.01. Organization; Powers 31 2940 Section 8.02 Authority3.02. Authorization; Enforceability 31 2940 Section 8.03 3.03. Governmental Approvals; No Conflicts 31 2940 Section 8.04 3.04. Financial Condition; No Material Adverse Change 32 3041 Section 8.05 3.05. Properties and Insurance 3041 Section 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 3141 Section 8.07 3.07. Compliance with the Laws and Agreements; No Defaults 34 Agreements 3142 Section 8.08 3.08. Investment Company Act 34 Status 3142 Section 8.09 Public Utility Holding Company Act 34 3.09. Taxes 3142 Section 8.10 Taxes 34 3.10. ERISA 3142 Section 8.11 ERISA 34 3.11. Disclosure 3142 Section 8.12 Disclosure; No Material Misstatements 35 3.12. Margin Stock 3243 Section 8.13 Insurance 36 3.13. Subsidiaries 3243 Section 8.14 Restriction 3.14. Regulatory Restrictions on Liens 36 Borrowing 3243 Section 8.15 Subsidiaries 36 3.15. Solvent 3243 TABLE OF CONTENTS (continued) Page Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 3.16. Material Agreements 39 3243 Section 8.26 No Brokers 40 3.17. Anti-Corruption Laws; Sanctions 3243 Section 8.27 Reliance 40 3.18. EEAAffected Financial Institution 3344 ARTICLE IV CONDITIONS 3344 Section 8.28 Investments and Guaranties 40 4.01. Effective Date 3344 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 4.02. Each Loan 3445 ARTICLE IX V AFFIRMATIVE COVENANTS 41 3546 Section 9.01 5.01. Financial Statements; Statements and Other Information 41 3546 Section 9.02 5.02. Notices of Material Events 44 Defaults 3647 Section 9.03 5.03. Existence; Conduct of Business 45 3647 Section 9.04 5.04. Payment of Obligations 45 3748 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 5.05. Maintenance of Properties 45 Properties; Insurance 3748 Section 9.07 Insurance 46 Section 9.08 5.06. Books and Records; Inspection Rights 46 3748 Section 9.09 5.07. Compliance with Laws 47 3748 Section 9.10 Environmental Matters 47 5.08. Use of Proceeds 3749 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA 5.09. Anti-Money Laundering Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 3849 ARTICLE X VI NEGATIVE COVENANTS 52 3849 Section 10.01 6.01. Liens 3849 Section 6.02. Indebtedness 3849 Section 6.03. Merger 3849 Section 6.04. Change of Business 3950 Section 6.05. Sale of Assets 3950 Section 6.06. Transactions with Affiliates 3950 Section 6.07. Restricted Payments 3950 Section 6.08. Clauses Restricting Subsidiary Distributions 3951 Section 6.09. Financial Covenants 52 4051 ARTICLE VII EVENTS OF DEFAULT 4051 ARTICLE VIII AGENTS 4253 Section 10.02 Debt 53 8.01. Appointment 4253 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 8.02. Certain ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 8.03. Erroneous Payments 57 ARTICLE IX MISCELLANEOUS 4559 Section 10.16 Capital Expenditures 57 9.01. Notices; Electronic Delivery 4559 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 9.02. Waivers; Amendments 66 4760 Section 13.03 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 4861 Section 9.04. 66 Section 13.04 Successors and Assigns 68 4962 Section 13.05 Survival; Revival; Reinstatement 71 9.05. Survival 5265 TABLE OF CONTENTS (continued) Page Section 13.06 9.06. Counterparts; Integration; Effectiveness 71 5266 Section 13.07 9.07. Severability 72 5266 Section 13.08 9.08. Right of Setoff 72 5266 Section 13.09 GOVERNING LAW9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 5366 Section 9.10. WAIVER OF PROCESS 72 JURY TRIAL 5367 Section 13.10 9.11. Headings 73 5467 Section 13.11 9.12. Confidentiality 73 5468 Section 13.12 Interest 9.13. Highest Lawful Rate Limitation 74 5468 Section 13.13 EXCULPATION PROVISIONS 75 9.14. USA PATRIOT ACT NOTIFICATION 5568 Section 13.14 Collateral Matters9.15. No Advisory or Fiduciary Responsibility 5569 Section 9.16. Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions 5670 Section 9.17. Acknowledgement Regarding Any Supported QFC 70 SCHEDULES: Schedule 1.01 1.01 - Material Subsidiaries Schedule 2.01 2.01 - Commitments Schedule 2.02 2.02 - Rate Grid EXHIBITS: EXHIBIT A - Form of Assignment and Acceptance CREDIT AGREEMENT CREDIT AGREEMENT dated as of July 31, 2017, among: ALLEGHANY CORPORATION, a Delaware corporation (the “Borrower”); Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76the LENDERS party hereto; and U.S. BANK NATIONAL ASSOCIATION, as Administrative Agent. The parties hereto agree as follows:

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Payments Generally. Pro Rata Treatment; Sharing of Set-Offs; Proceeds of Guaranty Agreement 36 (a) Payments Generally 36 (b) Pro Rata Application 36 (c) Sharing of Set-offs 22 37 (d) Payments from Borrower Assumed Made 37 (e) Set-Off Against Amounts Owed Lenders 37 (f) Application of Proceeds of Guaranty Agreement 37 (g) Noncash Proceeds 38 (h) Return of Proceeds 38 (i) Notice of Amount of Obligations 38 Section 4.02 Presumption 2.18. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders 39 (a) Mitigation 39 (b) Replacement 39 Section 4.03 Certain Deductions by the Administrative Agent 23 2.19. Increase of Revolving Commitments 39 Section 2.20. Defaulting Lenders 40 (a) Suspension of Commitment Fees 40 (b) Suspension of Voting 40 (c) Participation Exposure 40 (d) Suspension of Swingline Loans 41 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII III. REPRESENTATIONS AND WARRANTIES 31 41 Section 8.01 3.01. Organization; Powers 31 42 Section 8.02 Authority3.02. Authorization; Enforceability 31 42 Section 8.03 3.03. Governmental Approvals; No Conflicts 31 42 Section 8.04 3.04. Financial Condition; No Material Adverse Change 32 42 Section 8.05 3.05. Properties 43 Section 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 43 Section 8.07 Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 3.07. Compliance with Laws 47 and Agreements 43 TABLE OF CONTENTS, Page ii of v Section 9.10 Environmental 3.08. Investment Company Status 43 Section 3.09. Taxes 43 Section 3.10. ERISA 44 Section 3.11. Disclosure 44 Section 3.12. Material Subsidiaries 44 Section 3.13. Insurance 44 Section 3.14. Labor Matters 47 44 Section 9.11 Further Assurances 48 3.15. Solvency 45 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 3.16. Margin Securities 45 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, EtcIV. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76CONDITIONS 45

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Lennox International Inc)

Payments Generally. Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 6467 SECTION 2.20. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 6669 SECTION 2.21. DesignationTermination of Subsidiary Borrowers 6669 SECTION 2.22. Defaulting Lenders 69 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 6770 SECTION 3.01. Organization; Powers 31 Section 8.02 Authority6770 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 6770 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 6870 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 6871 SECTION 3.05. Properties; Insurance 6871 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 6971 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 6971 TABLE OF CONTENTS Page SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 6972 SECTION 3.09. Taxes 34 Section 8.11 6972 SECTION 3.10. ERISA 34 Section 8.12 Disclosure6972 SECTION 3.11. Subsidiaries; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location Ownership of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Capital Stock 6972 SECTION 3.12. Disclosure 6972 SECTION 3.13. Federal Reserve Regulations 72 SECTION 3.14. Labor Matters 72 SECTION 3.15. Security Interest in Collateral 73 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 IV Conditions 7073 SECTION 4.01. Effective Date 7073 SECTION 4.02. Each Credit Event 7174 SECTION 4.03. Amendment No. 12 Effective Date 7275 ARTICLE V Affirmative Covenants 7376 SECTION 5.01. Financial Statements; Ratings Change and Other Information 41 Section 9.02 7376 SECTION 5.02. Notices of Material Events 44 Section 9.03 7478 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 7479 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 7479 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 7479 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 7580 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 7580 SECTION 5.08. Use of Proceeds and Letters of Credit 7580 SECTION 5.09. Subsidiary Guarantors. 7680 SECTION 5.10. Pledges; Collateral; Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 77. 81 SECTION 5.11. Financial Advisor 82 SECTION 5.12. Quarterly Conference Calls 83 SECTION 5.13. Captive Insurance Company 83 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 7883 SECTION 6.01. Subsidiary Indebtedness 7883 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc7885 SECTION 6.03. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Fundamental Changes 8086 SECTION 6.04. Acquisitions 8087 SECTION 6.05. Asset Sales 8087 SECTION 6.06. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 8088 SECTION 6.07. Financial Covenants. 8188 SECTION 6.08. YRCMI 8189 SECTION 6.09. Restrictive Agreements 57 Section 10.18 8189 SECTION 6.10. Restricted Payments 8190 SECTION 6.11. Guarantors Under other Indebtedness 8290 TABLE OF CONTENTS Page SECTION 6.12. Collateral in Respect of First Tier Foreign Insurance Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances8290 SECTION 6.13. Investments, Take-or-Pay or Other Prepayments 57 Section 10.21 Loans, Advances, Guarantees and Acquisitions 90 SECTION 6.14. Swap Agreements 58 Section 10.22 91 SECTION 6.15. Maintenance of Accounts with Administrative Agent 92 SECTION 6.16. Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 Payments of Indebtedness 92 SECTION 6.17. Amendments of Material Documents 92 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition 8292 ARTICLE VIII The Agents 8495 ARTICLE IX Collection Allocation Mechanism SECTION 9.01. Implementation of Proceeds 61 CAM 8899 SECTION 9.02. Letters of Credit 89100 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 X Guarantee ARTICLE XIII MISCELLANEOUS 65 Section 13.01 XI Miscellaneous SECTION 11.01. Notices 65 Section 13.02 92103 SECTION 11.02. Waivers; Amendments 66 Section 13.03 93104 SECTION 11.03. Expenses, ; Indemnity; Damage WaiverWaiver 95106 SECTION 11.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 96107 SECTION 11.05. Survival 98110 SECTION 11.06. Counterparts; Integration; Effectiveness 71 Section 13.07 99110 SECTION 11.07. Severability 72 Section 13.08 99110 SECTION 11.08. Right of Setoff 72 Section 13.09 GOVERNING LAW99110 SECTION 11.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 99111 SECTION 11.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 100111 SECTION 11.11. Headings 73 Section 13.11 100112 SECTION 11.12. Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters100112 SECTION 11.13. Conversion of Currencies. 101112 SECTION 11.14. USA Xxxxxxx Xxx 000000 SECTION 11.15. Appointment for Perfection; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Release of Collateral. 101113 SCHEDULES: Schedule 1.01A — Initial Subsidiary Guarantors Schedule 1.01B — Mandatory Cost Formulae Schedule 2.01 — Lenders and Commitments Schedule 2.06 — Existing Letters of Credit Schedule 2.19 — Payment Instructions Schedule 3.11 — Subsidiaries Schedule 6.01 — Existing Indebtedness Schedule 6.02 — Existing Liens Schedule 6.07(d) — Permitted Disposition and Minimum EBITDA Covenant Levels Schedule 6.13 — Existing Investments EXHIBITS: Exhibit A — Form of Assignment and Assumption Exhibit B-1 — Form of Borrowing Subsidiary Agreement[Intentionally Omitted] Exhibit B-2 — Form of Borrowing Subsidiary Termination Exhibit C — Form of Issuing Bank Agreement Exhibit D — Form of Amended and Restated Subsidiary Guarantee Agreement Exhibit E — List of Closing Documents CREDIT AGREEMENT dated as of August 17, 2007 among YRC WORLDWIDE INC., a Delaware corporation (the “Company”), the CANADIAN BORROWERS (as defined below), the UK BORROWERS (as defined below), the LENDERS party hereto, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, TORONTO BRANCH, as Canadian Agent, X.X. XXXXXX EUROPE LIMITED, as UK Agent, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Yrc Worldwide Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 98 SECTION 2.16. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 100 SECTION 2.17. Illegality 101 SECTION 2.18. Incremental Facilities 102 SECTION 2.19. Refinancing Term Loans 105 SECTION 2.20. Extensions of Term Loans 106 SECTION 2.21. Repricing Transaction 108 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties SECTION 3.01. Organization; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals109 SECTION 3.02. Authorization; No Conflicts 31 Section 8.04 Contravention 109 SECTION 3.03. Enforceability 110 SECTION 3.04. Governmental Approvals 110 SECTION 3.05. Title to Properties; Liens 110 SECTION 3.06. Subsidiaries 111 SECTION 3.07. Litigation; Compliance with Laws 111 SECTION 3.08. Federal Reserve Regulations 111 SECTION 3.09. Investment Company Act 111 SECTION 3.10. Use of Proceeds 112 SECTION 3.11. Tax Returns 112 SECTION 3.12. No Material Misstatements 112 SECTION 3.13. Environmental Matters 113 SECTION 3.14. Security Documents 113 SECTION 3.15. Location of Real Property and Leased Premises 114 SECTION 3.16. Solvency 114 SECTION 3.17. Financial ConditionStatements; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 Environmental Effect 115 SECTION 3.18. Insurance 115 SECTION 3.19. USA PATRIOT Act; Anti-Corruption; Sanctions 115 SECTION 3.20. Intellectual Property Rights; Licenses, Etc. 116 SECTION 3.21. Employee Benefit Plans 117 SECTION 3.22. Labor Matters 32 Section 8.07 Compliance with the Laws 117 ARTICLE IV Conditions of Lending SECTION 4.01. Conditions Precedent 117 ARTICLE V Affirmative Covenants SECTION 5.01. Existence; Businesses and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Properties 120 SECTION 5.02. Insurance 120 SECTION 5.03. Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 121 SECTION 5.04. Financial Statements; , Reports, etc. 121 SECTION 5.05. Litigation and Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 125 SECTION 5.06. Compliance with Laws 47 Section 9.10 125 SECTION 5.07. Maintaining Records; Access to Properties and Inspections 125 SECTION 5.08. Use of Proceeds 126 SECTION 5.09. Compliance with Environmental Matters 47 Section 9.11 Laws 126 SECTION 5.10. Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional CollateralAssurances; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Security 126 SECTION 5.11. Credit Ratings 128 SECTION 5.12. Post-Closing Matters 128 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 SECTION 6.01. Indebtedness 129 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 134 SECTION 6.03. [Reserved] 140 SECTION 6.04. Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc140 SECTION 6.05. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Fundamental Changes 145 SECTION 6.06. Dispositions 147 SECTION 6.07. Restricted Payments 151 SECTION 6.08. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 155 SECTION 6.09. Business of the Borrower and its Subsidiaries 157 SECTION 6.10. Burdensome Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements157 SECTION 6.11. Limitation on Payments and Modifications of Certain Indebtedness; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Amendments of Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition Documents 159 SECTION 6.12. Use of Proceeds 61 162 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76VII [Reserved]

Appears in 1 contract

Samples: Assignment and Acceptance (Amneal Pharmaceuticals, Inc.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 60 Section 4.02 Presumption 2.20. Mitigation Obligations; Replacement of Payment by the Borrower 23 Lenders; Illegality 62 Section 4.03 Certain Deductions by the Administrative Agent 23 2.21. Defaulting Lenders 64 Section 2.22. Returned Payments 65 Section 2.23. [Reserved] 66 Section 2.24. Superpriority Nature of Obligations and Liens 66 ARTICLE V INCREASED COSTS; TAXES 24 III BORROWING BASE 67 Section 5.01 Increased Costs 24 3.01. Initial Borrowing Base 67 Section 5.02 Taxes 24 3.02. Scheduled and Interim Redeterminations 67 Section 3.03. Scheduled and Interim Redetermination Procedure 67 Section 3.04. Effectiveness of a Redetermined Borrowing Base 69 Section 3.05. Lenders’ Sole Discretion 70 Section 3.06. Mandatory Borrowing Base Reduction 70 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII IV REPRESENTATIONS AND WARRANTIES 31 71 Section 8.01 4.01. Organization; Powers 31 71 Section 8.02 Authority4.02. Authorization; Enforceability 31 71 Section 8.03 4.03. Governmental Approvals; No Conflicts 31 71 Section 8.04 4.04. Financial Condition; No Material Adverse Change 32 Effect 72 Section 8.05 4.05. Properties 72 Section 4.06. Litigation 32 Section 8.06 and Environmental Matters 32 73 Section 8.07 4.07. Compliance with the Laws and Agreements; No Defaults 34 Agreements 73 Section 8.08 4.08. Investment Company Act 34 Status 73 Section 8.09 Public Utility Holding Company Act 34 4.09. Taxes 74 Section 8.10 Taxes 34 4.10. ERISA 74 Section 8.11 ERISA 34 4.11. Disclosure 74 Section 8.12 Disclosure; No Material Misstatements 35 4.12. [Reserved] 74 Section 8.13 4.13. Capitalization and Credit Party Information 74 Section 4.14. Margin Stock 74 Section 4.15. Oil and Gas Interests 75 Section 4.16. Insurance 36 75 Section 8.14 Restriction on Liens 36 4.17. [Reserved] 75 Section 8.15 Subsidiaries 36 4.18. Deposit Accounts 76 Section 8.16 Location 4.19. Maintenance of Properties 76 Section 4.20. Foreign Corrupt Practices 76 Section 4.21. Anti-Corruption Laws and Sanctions 77 Section 4.22. Security Interest in Collateral 77 Section 4.23. Locations of Business and Offices 36 77 Section 8.17 Properties; Titles, Etc 37 4.24. [Reserved] 77 Section 8.18 Maintenance of Properties 38 Section 8.19 4.25. Gas Imbalances, Prepayments 38 77 Section 8.20 4.26. Marketing of Production 38 78 Section 8.21 Swap Agreements 39 4.27. Restriction on Liens 78 Section 8.22 4.28. Hedging Transactions 78 Section 4.29. Use of Loans 39 78 Section 8.23 Solvency 39 4.30. Foreign Operations 78 ARTICLE V CONDITIONS 78 Section 8.24 Casualty Events 39 5.01. Effective Date 78 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc5.02. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76Each Credit Event 81

Appears in 1 contract

Samples: Possession Credit Agreement (Exco Resources Inc)

Payments Generally. Pro Rata TreatmentTreatment 76 Section 2.15. Mitigation Obligations; Sharing Replacement of Lenders 77 Section 2.16. Certain Fees 78 Section 2.17. Alternate Rate of Interest 78 Section 2.18. Nature of Fees 80 Section 2.19. Right of Set-offs 22 Off 80 Section 4.02 Presumption 2.20. Payment of Payment by the Borrower 23 Obligations 81 Section 4.03 Certain Deductions by the Administrative Agent 23 2.21. Defaulting Lenders 81 Section 2.22. Increase in Commitment 82 Section 2.23. Extension of Term Loans 85 Section 2.24. Refinancing Amendment 87 Section 2.25. Illegality. 88 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII 3. REPRESENTATIONS AND WARRANTIES 31 88 Section 8.01 Organization3.01. Organization and Authority 88 Section 3.02. Air Carrier Status 88 Section 3.03. Due Execution 89 Section 3.04. Statements Made 89 Section 3.05. Financial Statements; Powers 31 Section 8.02 Authority; Enforceability 31 Section 8.03 Approvals; No Conflicts 31 Section 8.04 Financial Condition; No Material Adverse Change 32 Effect 89 Section 8.05 3.06. Use of Proceeds 90 Section 3.07. Ownership of Subsidiaries 90 Section 3.08. Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 and Compliance with the Laws and Agreements90 Section 3.09. Margin Regulations; No Defaults 34 Section 8.08 Investment Company Act 34 90 Section 8.09 Public Utility Holding Company Act 34 3.10. Ownership of Significant Assets 91 Section 8.10 Taxes 34 3.11. Intellectual Property 91 Section 8.11 ERISA 34 3.12. Perfected Security Interests 91 Section 8.12 Disclosure; No Material Misstatements 35 3.13. Insurance 92 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 3.14. Payment of Taxes 92 Section 3.15. Employee Matters 93 Section 3.16. Sanctions; Anti-Corruption; Anti-Money Laundering Laws 94 Section 3.17. Process Agent 95 Section 3.18. Final DIP Order 95 Section 3.19. Appointment of Trustee or Examiner; Liquidation 95 Section 3.20. Environmental Compliance 95 Section 3.21. No Default 95 Section 3.22. Beneficial Ownership Certificate 96 Section 3.23. Navigation Charges 96 Section 3.24. Slot Utilization 96 Section 3.25. Routes 96 Section 3.26. Debtor-in-Possession Obligations 45 96 Section 9.05 Performance of 3.27. Chilean Capitalization Requirements 97 ARTICLE 4. CONDITIONS OF LENDING 97 Section 4.01. Conditions Precedent to Closing 97 Section 4.02. Conditions Precedent to Each Loan 100 Section 4.03. Post-Closing Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76101

Appears in 1 contract

Samples: Credit Agreement (Latam Airlines Group S.A.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 offs. 28 Section 4.02 Presumption of Payment by the Borrower 23 29 Section 4.03 Certain Deductions by the Administrative Agent 23 29 Section 4.04 Disposition of Proceeds 29 ARTICLE V INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES 24 Section 5.01 Increased Costs 24 Costs. 30 Section 5.02 Taxes 24 Break Funding Payments 31 Section 5.03 Taxes. 31 Section 5.04 Designation of Different Lending Office 32 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT Section 6.01 Lockbox Account 25 Effective Date 32 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 Additional Conditions 35 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 7.01 Organization; Powers 31 36 Section 8.02 7.02 Authority; Enforceability 31 36 Section 8.03 7.03 Approvals; No Conflicts 31 36 Section 8.04 7.04 Financial Condition; No Material Adverse Change 32 Change. 36 Section 8.05 Litigation 32 7.05 Litigation. 37 Section 8.06 7.06 Environmental Matters 32 37 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 Defaults. 38 Section 8.08 7.08 Investment Company Act 34 39 Section 8.09 Public Utility Holding Company Act 34 7.09 Taxes 39 Section 8.10 Taxes 34 7.10 ERISA. 39 Section 8.11 ERISA 34 Section 8.12 7.11 Disclosure; No Material Misstatements 35 40 Section 8.13 7.12 Insurance 36 40 Section 8.14 7.13 Restriction on Liens 36 40 Section 8.15 7.14 Subsidiaries 36 40 Section 8.16 7.15 Location of Business and Offices 36 41 Section 8.17 7.16 Properties; Titles, Etc 37 Etc. 41 Section 8.18 7.17 Maintenance of Properties 38 42 Section 8.19 7.18 Gas Imbalances, Prepayments 38 42 Section 8.20 7.19 Marketing of Production 38 43 Section 8.21 7.20 Swap Agreements 39 43 Section 8.22 7.21 Use of Loans 39 43 Section 8.23 7.22 Solvency 39 43 Section 8.24 7.23 Casualty Events 39 43 Section 8.25 7.24 Material Agreements 39 44 Section 8.26 7.25 No Brokers 40 44 Section 8.27 7.26 Reliance 40 44 Section 8.28 Investments and Guaranties 40 Section 8.29 7.27 Payments by Purchasers of Production 40 44 Section 8.30 7.28 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc7.29 Development Plan. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7645

Appears in 1 contract

Samples: Second Lien Term Loan Agreement (Petro Resources Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 50 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 52 SECTION 2.20. Separateness 53 SECTION 2.21. Defaulting Lenders 53 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 55 SECTION 3.01. Organization; Powers 31 Section 8.02 Authority56 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 56 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 56 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Condition 56 SECTION 3.05. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 56 SECTION 3.06. Compliance with the Laws 57 SECTION 3.07. Investment Company Status 57 SECTION 3.08. Taxes 57 SECTION 3.09. ERISA 57 SECTION 3.10. Disclosure 57 SECTION 3.11. Reserved 58 SECTION 3.12. Margin Securities 58 SECTION 3.13. Anti-Corruption Laws; Sanctions Laws and Agreements; No Defaults 34 Section 8.08 Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Taxes 34 Section 8.11 ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business Regulations 58 ARTICLE IV Conditions 58 SECTION 4.01. Effective Date 58 SECTION 4.02. Each Credit Event 60 ARTICLE V Affirmative Covenants 60 SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 60 SECTION 5.02. Notices of Material Events 44 Section 9.03 61 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 61 SECTION 5.04. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 62 SECTION 5.05. Books and Records; Inspection Rights 46 Section 9.09 62 SECTION 5.06. Compliance with Laws 47 Section 9.10 62 SECTION 5.07. Use of Proceeds and Letters of Credit 62 SECTION 5.08. Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title 63 SECTION 5.09. ERISA Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap 63 SECTION 5.10. Taxes 63 ARTICLE VI Negative Covenants 64 SECTION 6.01. Reserved 64 SECTION 6.02. Liens 64 SECTION 6.03. Fundamental Changes 64 SECTION 6.04. Investment Restriction 64 SECTION 6.05. Restricted Payments 65 SECTION 6.06. Restrictive Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 65 SECTION 6.07. Financial Condition Covenants 66 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 67 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by 69 SECTION 8.01. The Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 69 SECTION 8.02. Erroneous Payments 72 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 74 SECTION 9.01. Notices 65 Section 13.02 74 SECTION 9.02. Waivers; Amendments 66 Section 13.03 76 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 77 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 78 SECTION 9.05. Survival 81 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Effectiveness; Electronic Execution 81 SECTION 9.07. Severability 72 Section 13.08 82 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW83 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Consent to Service of Process 83 SECTION 9.10. Waiver of Jury Trial 84 SECTION 9.11. Headings 73 Section 13.11 84 SECTION 9.12. Confidentiality 73 Section 13.12 84 SECTION 9.13. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 85 SECTION 9.14. Liability of Manager 85 SECTION 9.15. USA Patriot Act Notice 85 SECTION 9.16. No Third Party Beneficiaries 76 Section 13.16 Securitization 76Advisory or Fiduciary Responsibility 85 SECTION 9.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 86 SECTION 9.18. Existing Credit Facility 86

Appears in 1 contract

Samples: Assignment and Assumption (Enterprise Products Partners L.P.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 28 Section 4.02 Presumption Disposition of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Proceeds 28 ARTICLE V INCREASED COSTSTAXES; TAXES 24 Section 5.01 Increased Costs 24 ILLEGALITY Section 5.02 RESERVED 29 Section 5.03 Taxes 24 29 Section 5.04 Mitigation Obligations 31 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT Section 6.01 Lockbox Account 25 Effective Date; Initial Loans 31 Energy Resources 12 Operating Company, llc Energy Resources 12, L.P. Credit Agreement Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 Each Credit Event 33 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 7.01 Organization; Powers 31 34 Section 8.02 7.02 Authority; Enforceability 31 34 Section 8.03 7.03 Approvals; No Conflicts 31 34 Section 8.04 7.04 Financial Condition; No Material Adverse Change 32 35 Section 8.05 Litigation 32 Section 8.06 Environmental Matters 32 Section 8.07 7.05 Compliance with the Laws and Agreements; No Defaults 34 36 Section 8.08 7.06 Investment Company Act 34 37 Section 8.09 7.07 Public Utility Holding Company Act 34 37 Section 8.10 7.08 Taxes 34 37 Section 8.11 7.09 ERISA 34 37 Section 8.12 7.10 Disclosure; No Material Misstatements 35 38 Section 8.13 7.11 Insurance 36 39 Section 8.14 7.12 Restriction on Liens 36 39 Section 8.15 7.13 Subsidiaries 36 40 Section 8.16 7.14 Location of Business and Offices 36 40 Section 8.17 7.15 Properties; Titles, Etc 37 Etc. 40 Section 8.18 7.16 Maintenance of Properties 38 41 Section 8.19 7.17 Gas Imbalances, Prepayments 38 42 Section 8.20 7.18 Marketing of Production 38 42 Section 8.21 7.19 Swap Agreements 39 and Qualified ECP Counterparty 42 Section 8.22 7.20 Use of Loans 39 42 Section 8.23 7.21 Solvency 39 43 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments 7.22 Non-Operated Oil and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Gas Properties 43 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76VIII

Appears in 1 contract

Samples: Credit Agreement (Energy Resources 12, L.P.)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 46 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 48 SECTION 2.20. Increase of Commitments 48 SECTION 2.21. Market Disruption 50 SECTION 2.22. Judgment Currency 50 SECTION 2.23. Designation of Foreign Subsidiary Borrowers 51 SECTION 2.24. Termination of Commitments under 2012 Credit Agreement 51 SECTION 2.25. Defaulting Lenders 51 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 53 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 53 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 53 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 54 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 54 Table of Contents (continued) Page SECTION 3.05. Properties 54 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 54 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 55 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 55 SECTION 3.09. Taxes 34 Section 8.11 55 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 55 SECTION 3.11. Disclosure 55 SECTION 3.12. Federal Reserve Regulations 55 SECTION 3.13. No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location Default 55 SECTION 3.14. Anti-Corruption Laws and Sanctions 56 ARTICLE IV Conditions 56 SECTION 4.01. Effective Date 56 SECTION 4.02. Each Credit Event 57 SECTION 4.03. Designation of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 a Foreign Subsidiary Borrower 58 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 V Affirmative Covenants 58 SECTION 5.01. Financial Statements; Ratings Change and Other Information 41 Section 9.02 58 SECTION 5.02. Notices of Material Events 44 Section 9.03 60 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 60 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 60 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 60 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 61 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 61 SECTION 5.08. Use of Proceeds 61 SECTION 5.09. Subsidiary Guaranty 61 SECTION 5.10. Most Favored Lender Status 62 ARTICLE VI Negative Covenants 63 SECTION 6.01. Indebtedness 63 SECTION 6.02. Liens 65 SECTION 6.03. Fundamental Changes 67 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 68 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc70 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Restricted Payments 70 SECTION 6.07. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 70 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 70 SECTION 6.09. Financial Covenants 71 Table of Contents (continued) Page ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 71 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 73 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 75 SECTION 9.01. Notices 65 Section 13.02 75 SECTION 9.02. Waivers; Amendments 66 Section 13.03 77 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 79 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 80 SECTION 9.05. Survival 83 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Effectiveness; Electronic Execution 83 SECTION 9.07. Severability 72 Section 13.08 84 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW84 SECTION 9.09. Governing Law; JURISDICTIONJurisdiction; CONSENT TO SERVICE Consent to Service of Process 84 SECTION 9.10. WAIVER OF PROCESS 72 Section 13.10 JURY TRIAL 85 SECTION 9.11. Headings 73 Section 13.11 85 SECTION 9.12. Confidentiality 73 Section 13.12 86 SECTION 9.13. USA PATRIOT Act 87 SECTION 9.14. Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap 87 SECTION 9.15. No Advisory or Fiduciary Responsibility 87 SECTION 9.16. Release of Subsidiary Guarantors 87 ARTICLE X Company Guarantee 88 ARTICLE XI Limitation on Affected Foreign Subsidiaries 90 Table of Contents (continued) Page SCHEDULES: Schedule 2.01 — Commitments Schedule 2.06 — Existing Letters of Credit Schedule 3.01 — Subsidiaries Schedule 3.06 — Disclosed Matters Schedule 6.01 — Existing Indebtedness Schedule 6.02 — Existing Liens Schedule 6.08 — Restrictive Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 76EXHIBITS: Exhibit A — Form of Assignment and Assumption Exhibit B-1 — Form of Opinion of Loan Parties’ U.S. Counsel Exhibit B-2 — Form of Opinion of the Irish Subsidiary’s Irish Counsel Exhibit C-1 Exhibit C-2 — Form of Increasing Lender Supplement — Form of Augmenting Lender Supplement Exhibit D — List of Closing Documents Exhibit E-1 — Form of Borrowing Subsidiary Agreement Exhibit E-2 — Form of Borrowing Subsidiary Termination Exhibit F — Form of Subsidiary Guaranty CREDIT AGREEMENT dated as of October 31, 2014 among X.X. XXXXXX COMPANY, the FOREIGN SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, U.S. BANK, NATIONAL ASSOCIATION, CITIBANK, N.A. and XXXXXX XXXXXXX MUFG LOAN PARTNERS, LLC, as Co-Syndication Agent, BANK OF AMERICA, N.A., HSBC BANK USA, NATIONAL ASSOCIATION, PNC BANK, NATIONAL ASSOCIATION and XXXXX FARGO BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. The parties hereto agree as follows:

Appears in 1 contract

Samples: Assignment and Assumption (Fuller H B Co)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 4853 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 5054 SECTION 2.20. Defaulting Lenders 5155 SECTION 2.21. Expansion Option 5357 SECTION 2.22. Judgment Currency 5459 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 5559 SECTION 3.01. Organization; Powers 31 Section 8.02 Authority5559 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 5560 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 5560 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 Litigation 32 Section 8.06 5560 SECTION 3.05. Properties 5660 SECTION 3.06. Litigation, Environmental and Labor Matters 32 Section 8.07 5660 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Contractual Obligations 5761 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 5761 SECTION 3.09. Taxes 34 Section 8.11 5761 SECTION 3.10. ERISA 34 Section 8.12 Disclosure; No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location of Business and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 5761 SECTION 3.11. Disclosure 5762 SECTION 3.12. Federal Reserve Regulations 5762 SECTION 3.13. Solvency 5862 SECTION 3.14. Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 Proceeds 5862 SECTION 3.15. Subsidiaries 5862 SECTION 3.16. Liens 5862 SECTION 3.17. No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments Burdensome Restrictions 5863 SECTION 3.18. No Default 5863 SECTION 3.19. Anti-Corruption Laws and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 Sanctions 5863 SECTION 3.20. No EEAAffected Financial Institution 5863 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 IV Conditions 5863 SECTION 4.01. Effective Date 5863 SECTION 4.02. Each Credit Event 6064 ARTICLE V Affirmative Covenants 6065 SECTION 5.01. Financial Statements; Statements and Other Information 41 Section 9.02 6065 SECTION 5.02. Notices of Material Events 44 Section 9.03 6166 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 6267 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and 6267 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 6267 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 6367 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title and Material Contractual Obligations 6367 SECTION 5.08. Use of Proceeds 6368 SECTION 5.09. Accuracy of Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 6368 SECTION 5.10. Material Domestic Subsidiaries 6368 ARTICLE VI Negative Covenants 6468 SECTION 6.01. Indebtedness 6469 SECTION 6.02. Liens 6569 SECTION 6.03. Fundamental Changes and Asset Sales 6570 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions 6771 SECTION 6.05. Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc6873 SECTION 6.06. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Restricted Payments 6873 SECTION 6.07. Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material 6973 SECTION 6.08. Restrictive Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 6973 SECTION 6.09. Financial Covenants 6974 SECTION 6.10. Sale and Leaseback Transactions 6974 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 767075

Appears in 1 contract

Samples: Credit Agreement (Haemonetics Corp)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 Section 4.02 Presumption 47 SECTION 2.19. Mitigation Obligations; Replacement of Payment by the Borrower 23 Section 4.03 Certain Deductions by the Administrative Agent 23 Lenders 49 SECTION 2.20. Expansion Option 50 SECTION 2.21. Judgment Currency 52 SECTION 2.22. Defaulting Lenders 52 SECTION 2.23. Designation of Subsidiary Borrowers 53 SECTION 2.24. Extension of Maturity Date 54 ARTICLE V INCREASED COSTS; TAXES 24 Section 5.01 Increased Costs 24 Section 5.02 Taxes 24 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 Section 6.01 Lockbox Account 25 Section 6.02 Notice 26 Section 6.03 Casualty Proceeds 27 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 III Representations and Warranties 56 SECTION 3.01. Organization; Powers 31 Section 8.02 AuthorityPowers; Subsidiaries 56 SECTION 3.02. Authorization; Enforceability 31 Section 8.03 57 SECTION 3.03. Governmental Approvals; No Conflicts 31 Section 8.04 57 SECTION 3.04. Financial Condition; No Material Adverse Change 32 Section 8.05 57 SECTION 3.05. Properties 57 SECTION 3.06. Litigation 32 Section 8.06 and Environmental Matters 32 Section 8.07 57 SECTION 3.07. Compliance with the Laws and Agreements; No Defaults 34 Section 8.08 Agreements 58 SECTION 3.08. Investment Company Act 34 Section 8.09 Public Utility Holding Company Act 34 Section 8.10 Status 58 SECTION 3.09. Taxes 34 Section 8.11 58 Table of Contents (continued) Page SECTION 3.10. ERISA 34 Section 8.12 Disclosure; 58 SECTION 3.11. Disclosure 58 SECTION 3.12. Federal Reserve Regulations 58 SECTION 3.13. No Material Misstatements 35 Section 8.13 Insurance 36 Section 8.14 Restriction on Liens 36 Section 8.15 Subsidiaries 36 Section 8.16 Location Default 58 SECTION 3.14. Anti-Corruption Laws and Sanctions 59 SECTION 3.15. EEA Financial Institutions 59 ARTICLE IV Conditions 59 SECTION 4.01. Effective Date 59 SECTION 4.02. Each Credit Event 60 SECTION 4.03. Designation of Business a Subsidiary Borrower 60 ARTICLE V Affirmative Covenants 61 SECTION 5.01. Financial Statements and Offices 36 Section 8.17 Properties; Titles, Etc 37 Section 8.18 Maintenance of Properties 38 Section 8.19 Gas Imbalances, Prepayments 38 Section 8.20 Marketing of Production 38 Section 8.21 Swap Agreements 39 Section 8.22 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 61 SECTION 5.02. Notices of Material Events 44 Section 9.03 62 SECTION 5.03. Existence; Conduct of Business 45 Section 9.04 63 SECTION 5.04. Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Taxes 63 SECTION 5.05. Maintenance of Properties 45 Section 9.07 Properties; Insurance 46 Section 9.08 63 SECTION 5.06. Books and Records; Inspection Rights 46 Section 9.09 63 SECTION 5.07. Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing 64 SECTION 5.08. Use of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 Proceeds 64 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial VI Negative Covenants 52 Section 10.02 Debt 53 Section 10.03 64 SECTION 6.01. Indebtedness 64 SECTION 6.02. Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans 65 SECTION 6.03. Fundamental Changes and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, EtcAsset Sales 66 SECTION 6.04. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 67 SECTION 6.05. Financial Covenants 68 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 VII Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 68 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of VIII The Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 70 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 IX Miscellaneous 72 SECTION 9.01. Notices 65 Section 13.02 72 SECTION 9.02. Waivers; Amendments 66 Section 13.03 74 SECTION 9.03. Expenses, ; Indemnity; Damage WaiverWaiver 76 SECTION 9.04. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 78 SECTION 9.05. Survival 81 SECTION 9.06. Counterparts; Integration; Effectiveness 71 Section 13.07 Effectiveness; Electronic Execution 82 SECTION 9.07. Severability 72 Section 13.08 82 SECTION 9.08. Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 7682

Appears in 1 contract

Samples: Credit Agreement (Brown & Brown Inc)

Payments Generally. Pro Rata Treatment; Sharing of Set-offs 22 25 Section 4.02 Presumption of Payment by the Borrower 23 26 Section 4.03 Certain Deductions by the Administrative Agent 23 26 ARTICLE V INCREASED COSTS; TAXES 24 BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY Section 5.01 Increased Costs 24 27 Section 5.02 Break Funding Payments 28 Section 5.03 Taxes 24 28 Section 5.04 Designation of Different Lending Office 29 Section 5.05 Illegality 29 ARTICLE VI LOCKBOX PROCEDURES; CASUALTY PROCEEDS 25 CONDITIONS PRECEDENT Page Section 6.01 Lockbox Account 25 Effective Date 30 Section 6.02 Notice 26 Additional Conditions 32 Section 6.03 Casualty Proceeds 27 Kxxxxx Xxxxxxx 32 Section 6.04 Blacksand 34 ARTICLE VII CONDITIONS PRECEDENT 27 Section 7.01 Initial Funding 27 Section 7.02 Subsequent Fundings 30 Section 7.03 All Fundings 30 Section 7.04 Conditions Precedent for the Benefit of the Lender 31 Section 7.05 No Waiver 31 ARTICLE VIII REPRESENTATIONS AND WARRANTIES 31 Section 8.01 7.01 Organization; Powers 31 37 Section 8.02 7.02 Authority; Enforceability 31 37 Section 8.03 7.03 Approvals; No Conflicts 31 37 Section 8.04 7.04 Financial ConditionPosition; No Material Adverse Change 32 37 Section 8.05 7.05 Litigation 32 38 Section 8.06 7.06 Environmental Matters 32 38 Section 8.07 7.07 Compliance with the Laws and Agreements; No Defaults 34 39 Section 8.08 7.08 Investment Company Act 34 39 Section 8.09 Public Utility Holding Company Act 34 7.09 Taxes 40 Section 8.10 Taxes 34 7.10 ERISA 40 Section 8.11 ERISA 34 Section 8.12 7.11 Disclosure; No Material Misstatements 35 41 Section 8.13 7.12 Insurance 36 41 Section 8.14 7.13 Restriction on Liens 36 42 Section 8.15 7.14 Subsidiaries 36 42 Section 8.16 7.15 Location of Business and Offices 36 42 Section 8.17 7.16 Properties; Titles, Etc 37 42 Section 8.18 7.17 Maintenance of Properties 38 43 Section 8.19 7.18 Gas Imbalances, Prepayments 38 43 Section 8.20 7.19 Marketing of Production 38 44 Section 8.21 7.20 Swap Agreements 39 44 Section 8.22 7.21 Use of Loans 39 Section 8.23 Solvency 39 Section 8.24 Casualty Events 39 Section 8.25 Material Agreements 39 Section 8.26 No Brokers 40 Section 8.27 Reliance 40 Section 8.28 Investments and Guaranties 40 Section 8.29 Payments by Purchasers of Production 40 Section 8.30 Existing Accounts Payable 40 ARTICLE IX AFFIRMATIVE COVENANTS 41 Section 9.01 Financial Statements; Other Information 41 Section 9.02 Notices of Material Events 44 Section 9.03 Existence; Conduct of Business 45 7.22 Solvency 44 Section 9.04 Payment of Obligations 45 Section 9.05 Performance of Obligations under Loan Documents 45 Section 9.06 Operation and Maintenance of Properties 45 Section 9.07 Insurance 46 Section 9.08 Books and Records; Inspection Rights 46 Section 9.09 Compliance with Laws 47 Section 9.10 Environmental Matters 47 Section 9.11 Further Assurances 48 Section 9.12 Reserve Reports 48 Section 9.13 Title Information 49 Section 9.14 Additional Collateral; Additional Guarantors 49 Section 9.15 ERISA Compliance 50 Section 9.16 Swap Agreements 51 Section 9.17 Marketing of Production 51 Section 9.18 Overriding Royalty Interests 51 Section 9.19 Right of First Refusal 52 Section 9.20 Contract Operating Agreement 52 Section 9.21 Separate Entity 52 ARTICLE X NEGATIVE COVENANTS 52 Section 10.01 Financial Covenants 52 Section 10.02 Debt 53 Section 10.03 Liens 53 Section 10.04 Redemptions 53 Section 10.05 Investments, Loans and Advances 54 Section 10.06 Nature of Business 54 Section 10.07 Limitation on Leases 54 Section 10.08 Sale and Leasebacks 55 Section 10.09 Proceeds of Notes 55 Section 10.10 ERISA Compliance 55 Section 10.11 Sale or Discount of Receivables 56 Section 10.12 Mergers, Etc. 56 Section 10.13 Sale of Properties 56 Section 10.14 Environmental Matters 56 Section 10.15 Transactions with Affiliates 57 Section 10.16 Capital Expenditures 57 Section 10.17 Material Agreements 57 Section 10.18 Subsidiaries 57 Section 10.19 Negative Pledge Agreements; Dividend Restrictions 57 Section 10.20 Gas Imbalances, Take-or-Pay or Other Prepayments 57 Section 10.21 Swap Agreements 58 Section 10.22 Certain Activities 58 Section 10.23 Net Sales 58 Section 10.24 G&A Costs 58 Section 10.25 Press Release 59 ARTICLE XI EVENTS OF DEFAULT; REMEDIES 59 Section 11.01 Events of Default 59 Section 11.02 Remedies 61 Section 11.03 Disposition of Proceeds 61 ARTICLE XII THE ADMINISTRATIVE AGENT 62 Section 12.02 Duties and Obligations of Administrative Agent 62 Section 12.03 Action by Administrative Agent 63 Section 12.04 Reliance by Administrative Agent 63 Section 12.05 Subagents 63 Section 12.06 Resignation or Removal of Administrative Agent 64 Section 12.07 Agents as Lenders 64 Section 12.08 No Reliance 64 Section 12.09 Authority of Administrative Agent to Release Collateral and Liens 65 ARTICLE XIII MISCELLANEOUS 65 Section 13.01 Notices 65 Section 13.02 Waivers; Amendments 66 Section 13.03 Expenses, Indemnity; Damage Waiver. 66 Section 13.04 Successors and Assigns 68 Section 13.05 Survival; Revival; Reinstatement 71 Section 13.06 Counterparts; Integration; Effectiveness 71 Section 13.07 Severability 72 Section 13.08 Right of Setoff 72 Section 13.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS 72 Section 13.10 Headings 73 Section 13.11 Confidentiality 73 Section 13.12 Interest Rate Limitation 74 Section 13.13 EXCULPATION PROVISIONS 75 Section 13.14 Collateral Matters; Swap Agreements 75 Section 13.15 No Third Party Beneficiaries 76 Section 13.16 Securitization 767.23 Acquisitions 45

Appears in 1 contract

Samples: Loan Agreement (Linn Energy, LLC)

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