AMOUNTS AND TERMS OF THE. PURCHASES Section 1.1.
AMOUNTS AND TERMS OF THE. ADVANCES Section 2.01. The A Advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 2.02. Making the A Advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 2.03. Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Section 2.04. Reduction of the Commitments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 2.05. Repayment of A Advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 2.06. Interest on A Advances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 2.07. Additional Interest on Eurodollar Rate Advances . . . . . . . . . . . . . . . . . . . . . . . 19 Section 2.08. Interest Rate Determination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 2.09. Evidence of Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 2.10. Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 2.11.
AMOUNTS AND TERMS OF THE. ADVANCES SECTION 2.01. The Revolving Credit Advances 18 SECTION 2.02. Making the Revolving Credit Advances 19 SECTION 2.03. The Competitive Bid Advances 21 SECTION 2.04. Fees 26 SECTION 2.05. Termination or Reduction of the Commitments 27 SECTION 2.06. Repayment of Advances 29 SECTION 2.07. Interest on Revolving Credit Advances 30 SECTION 2.08. Interest Rate Determination 30 SECTION 2.09. Prepayments of Revolving Credit Advances 32 SECTION 2.10. Increased Costs 33 SECTION 2.11. Illegality 34 SECTION 2.12. Payments and Computations 35 SECTION 2.13. Taxes 36 SECTION 2.14. Sharing of Payments, Etc. 39 SECTION 2.15. Use of Proceeds 40 SECTION 2.16. Extension of Termination Date 40 SECTION 2.17. Evidence of Debt 42 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01. Conditions Precedent to Effectiveness of Sections 2.01 and 2.03 43 SECTION 3.02. Initial Loan to Each Designated Subsidiary 44 SECTION 3.03. Conditions Precedent to Each Revolving Credit Borrowing 45 SECTION 3.04. Conditions Precedent to Each Competitive Bid Borrowing 46 SECTION 3.05. Determinations Under Section 3.01 47
AMOUNTS AND TERMS OF THE. ADVANCES SECTION 2.01. The Advances......................................................................................21 SECTION 2.02. Making the Advances...............................................................................21 SECTION 2.03. Repayment.........................................................................................21 SECTION 2.04. Prepayments.......................................................................................21 SECTION 2.05. Interest..........................................................................................22 SECTION 2.06. Fees..............................................................................................23 SECTION 2.07. Increased Costs, Etc..............................................................................23 SECTION 2.08. Payments and Computations.........................................................................24 SECTION 2.09. Taxes.............................................................................................24 SECTION 2.10. Sharing of Payments, Etc..........................................................................26 SECTION 2.11. Use of Proceeds...................................................................................27 SECTION 2.12. Exchange Securities...............................................................................27
AMOUNTS AND TERMS OF THE. ADVANCES SECTION 2.01. The Advances............................................. 10 SECTION 2.02. Making the Advances...................................... 10 SECTION 2.03. Fees..................................................... 11 SECTION 2.04. Termination or Reduction of the Commitments.............. 12 SECTION 2.05. Repayment................................................ 12 SECTION 2.06. Interest................................................. 12 SECTION 2.07. Interest Rate Determination.............................. 14 SECTION 2.08. Optional Conversion of Advances.......................... 14 SECTION 2.09.
AMOUNTS AND TERMS OF THE. ADVANCES SECTION 2.01. The Revolving Credit Advances ...................................... 13 SECTION 2.02. Making the Revolving Credit Advances ............................... 13 SECTION 2.03. The Competitive Bid Advances ....................................... 14 SECTION 2.04. Fees ............................................................... 17 SECTION 2.05. Optional Termination or Reduction of the Commitments .............
AMOUNTS AND TERMS OF THE. LETTERS OF CREDIT 6 2.01 The Letters of Credit 6 2.02 Issuance and Extensions and Drawings, Participations and Reimbursement with Respect to Letters of Credit 7 2.03 Reimbursement Obligations 9 2.04 Termination or Reduction of the Commitments 11 2.05 Fees 11 2.06 Increased Costs, Etc. 11 2.07 Payments and Computations 12 2.08 Taxes 13 2.09 Sharing of Payments, Etc. 15 2.10 Use of Letters of Credit 15 2.11 Replacement of Affected Bank or Nonconsenting Bank 15 2.12 Certain Provisions Relating to the Issuing Bank and LOCs 16 2.13 Failure of Issuing Bank to be an Eligible Issuer 18 ARTICLE III. CONDITIONS 18 3.01 Conditions Precedent to Closing Date 18 3.02 Conditions Precedent to Each Issuance, Extension or Increase of an LOC 19 ARTICLE IV. REPRESENTATIONS AND WARRANTIES 19 4.01 Existence, Etc. 19 4.02 Authority and Authorization 20 4.03 Approvals 20 4.04 Enforceability 20 4.05 Litigation 20 4.06 Financials 20 4.07 Accuracy of Information 21 4.08 Margin Stock 21 4.09 Compliance with Certain Acts 21 4.10 Reimbursement Agreement Representations and Warranties 21 ARTICLE V. COVENANTS 21 5.01 Pari Passu Ranking 21 5.02 Other Covenants 21 ARTICLE VI. EVENTS OF DEFAULT 22 6.01 Events of Default and Their Effect 22 6.02 Actions in Respect of the Letters of Credit upon Default 23 ARTICLE VII. THE ADMINISTRATIVE AGENT 23 7.01 Authorization and Action 23 7.02 Administrative Agent’s Reliance, Etc. 23 7.03 The Administrative Agent and Affiliates 24 7.04 Bank Credit Decision 24 7.05 Successor Administrative Agent 25 ARTICLE VIII. MISCELLANEOUS 25 8.01 Amendments, Etc. 25 8.02 Notices, Etc. 26 8.03 No Waiver; Remedies 27 8.04 Costs and Expenses 27 8.05 Right of Set-off 28 8.06 Binding Effect 28 8.07 Assignments and Participations 28 8.08 Execution in Counterparts 31 8.09 No Liability of the Issuing Bank 31 8.10 Confidentiality 31 8.11 Jurisdiction, Etc. 32 8.12 Governing Law 32 8.13 WAIVER OF JURY TRIAL 33 8.14 Disclosure of Information 33 SCHEDULE I Commitment Amounts EXHIBIT A Form of Assignment and Acceptance EXHIBIT B-1 Form of Letter of Credit (No Reinsurance Trust) Irrevocable Standby Letter of Credit EXHIBIT B-2 Form of Letter of Credit (Reinsurance Trust) Irrevocable Standby Letter of Credit EXHIBIT C Reinsurance Trust Agreement (Excerpt) EXHIBIT D Form of LOC Application EXHIBIT E-1 Form of Opinion of Xxxxxxxx Xxxxx & Xxxx XX EXHIBIT E-2 Form of Opinion of Xxxxx Xxxxx LLP THIS CREDIT AGREEMENT (this “Agreement”) dated as of June 16, 2009 is among ACE Limited, a Sw...
AMOUNTS AND TERMS OF THE. ADVANCES and the letters of credit
SECTION 2.01. The Advances and the Letter of Credit.........................41 SECTION 2.02. Making the Advances.........................................
AMOUNTS AND TERMS OF THE. PURCHASES SECTION 1.1. Agreement to Purchase and Sell................................................4 SECTION 1.2. Timing of Purchases...........................................................5 SECTION 1.3. No Recourse...................................................................6 SECTION 1.4. True Sales....................................................................6 SECTION 1.5. Consideration for Purchases...................................................7 SECTION 1.6. Initial Purchaser Agreement to Make Demand Loans..................................................................7 SECTION 1.7. Addition of Originators.......................................................7
AMOUNTS AND TERMS OF THE. ADVANCES SECTION 2.01. The Advances.............................................................................13 SECTION 2.02. Making the Advances......................................................................13 SECTION 2.03. Fees.....................................................................................14 SECTION 2.04. Repayment................................................................................15 SECTION 2.05. Interest.................................................................................15 SECTION 2.06. Interest Rate Determination..............................................................16 SECTION 2.07. Prepayments..............................................................................16 SECTION 2.08.
