Amounts and Terms of the Loans. 34 2.1. The Loans......................................................................34 2.2. Intentionally Omitted..........................................................34 2.3. Making the Loans...............................................................35 2.4. Fees...........................................................................37 2.5. Reduction and Termination of the Commitments...................................37 2.6. Repayment......................................................................37 2.7. Prepayment.....................................................................37 2.8. Conversion/Continuation Option.................................................38 2.9. Interest.......................................................................39 2.10. Interest Rate Determination and Protection....................................39 2.11.
Amounts and Terms of the Loans. 2.1 Commitments 12 2.2 Note 12 2.3 Principal Payments; Maturity of Loans 13 2.4 Interest 13 2.5 Fees 15 2.6 Termination or Reduction of Commitments 15 2.7 General Provisions as to Payments 15 2.8 Disbursement of Loan Proceeds 15 2.9 Use of Proceeds 15 2.10 Taxes 15 2.11 Illegality 16
Amounts and Terms of the Loans. SECTION 2.01. The Loans.......................................................................21 SECTION 2.02. Making the Loans................................................................21 SECTION 2.03.
Amounts and Terms of the Loans. 2.01. The Revolving Loans.............................................. 26 2.02. The Competitive Bid Loans........................................ 27 2.03. Fees............................................................. 28 2.04. Reductions of the Commitments.................................... 29 2.05. Repayment........................................................ 29 2.06. Interest......................................................... 30 2.07. Interest Rate Determinations..................................... 30 2.08. Prepayments...................................................... 31 2.09.
Amounts and Terms of the Loans. (a) Each Lender severally agrees, on the terms and conditions set forth herein, to make term loans to the Company on the Effective Date (together with any conversions or continuations thereof, "Loans"), so long as, as of the time at which the requested Loan is to be made and after giving effect thereto, (i) the aggregate amount of all Loans by such Lender at such time does not exceed such Lender's Pro Rata Share of the aggregate amount of Loans of all Lenders at such time, and (ii) the aggregate amount of such Lender's Loans equals such Lender's Commitment. Principal amounts paid on account of the Loans may not be reborrowed.
(b) The Commitment of each Lender shall be permanently reduced on the date of funding of the Loans pursuant to Section 2.1(a) by the principal amount of the Loans funded. Such Commitment reductions shall be made for the account of the Lenders pro rata in accordance with their respective Pro Rata Shares.
(c) Provided the applicable conditions in Article V are met, each Lender will make the amount of its Pro Rata Share of the Loans available to the Administrative Agent for the account of the Company at the Agent's Payment Office by 4:00 p.m. (New York, New York time) on the Effective Date in funds immediately available to the Administrative Agent. The proceeds of all such Loans will then be made available to the Company by the Administrative Agent by wire or intrabank transfer of funds to the Collateral Account (as defined in the Cash Collateral Agreement) to be released in accordance with the provisions of the Cash Collateral Agreement.
(d) The Company agrees that upon the request to the Administrative Agent by any Lender, the Company will promptly execute and deliver to such Lender a promissory note of the Company evidencing any Loans of such Lender, substantially in the form of Exhibit F (a "Note"), with appropriate insertions as to date and principal amount; provided, however, that delivery of Notes shall not be a condition precedent to the occurrence of the Effective Date or the making of the Loans on the Effective Date. The amount of principal owing on any Lender's Note, if any, at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein and therein.
Amounts and Terms of the Loans. 28 SECTION 2.01. The Revolving Loans ............................................................... 28 SECTION 2.02. [Intentionally Deleted] ............................................................. 29 SECTION 2.03. The Swing Loans ...................................................................... 29 SECTION 2.04. The Letters of Credit ................................................................ 30 SECTION 2.05. Fees .......................................................................................... 30 SECTION 2.06. Reductions and Increases of the Commitments ....................... 31 SECTION 2.07. Repayment ................................................................................ 34 SECTION 2.08. Interest ...................................................................................... 36 SECTION 2.09. Interest Rate Determinations .................................................... 37 SECTION 2.10. Prepayments ............................................................................. 38 SECTION 2.11. Payments and Computations .................................................... 38 SECTION 2.12. Taxes ........................................................................................ 40 SECTION 2.13. Sharing of Payments, Etc ......................................................... 44 SECTION 2.14. Conversion or Continuation of Revolving Loans ..................... 44 SECTION 2.15. Extension of Termination Date ................................................ 45 SECTION 2.16. Defaulting Lender .................................................................... 48 SECTION 2.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions ................................................................ 51
Amounts and Terms of the Loans. 15
2.1 The Loans 15 2.2 Making of the Loans 15
2.3 Repayment of Loans 16
2.4 Termination of the Commitments 16
2.5 Prepayments 16 2.6 Interest 16 2.7 Fees 17 2.8 Conversion of Loans 17 2.9 Increased Costs, Etc. 18 2.10 Payments and Computations 19 2.11 Taxes 20 2.12 Sharing of Payments, Etc. 24 2.13 Use of Proceeds 24 2.14 Evidence of Debt 24 2.15 Replacement of Banks 25 3. REPRESENTATIONS AND WARRANTIES OF THE LOAN PARTIES 25 3.1 Organization and Qualification. Such Loan Party: 25 3.2 Authorization, Validity, Etc. 26 3.3 Conflicting or Adverse Agreements or Restrictions 26 3.4 No Consents Required 26 3.5 Financial Statements. 26 3.6 Litigation 27 3.7 Default 27
3.8 Compliance 27
3.9 Title to Assets 27 3.10 Payment of Taxes 28 3.11 Investment Company Act Not Applicable 28 3.12 Regulations G, T, U and X 28 3.13 ERISA 28 3.14 No Financing of Certain Security Acquisitions 28 3.15 Franchises, Co-Licenses, Etc. 29 3.16 Environmental Matters 29 3.17 Disclosure 29 3.18 Insurance 29 3.19 Subsidiaries. 29 4. CONDITIONS TO FUNDING 29 4.1 Representations True and No Defaults 29 4.2 Intentionally Omitted 30 4.3 Compliance With Law 30 4.4 Notice of Borrowing and Other Documents. 30 4.5 Payment of Fees and Expenses 30 4.6 Repayment of Debt 30 4.7 Loan Documents Satisfactory 30 4.8 Loan Documents, Opinions and Other Instruments 5. AFFIRMATIVE COVENANTS OF THE LOAN PARTIES 31 5.1 Financial Statements and Information. Deliver to the Banks 31 5.2 Books and Records 32 5.3 Insurance 32 5.4 Maintenance of Property 32 5.5 Inspection of Property and Records. 32 5.6 Existence, Laws, Obligations, Taxes 33 5.7 Notice of Certain Matters 33 5.8 ERISA 33 5.9 Compliance with Environmental Laws 34 6. NEGATIVE COVENANTS OF PANHANDLE EASTERN 34 6.1 Financial Covenant 34 6.2 Liens, Etc. 35 6.3 Debt 35
6.4 Change in Nature of Business 35 6.5 Mergers, Consolidation 35 6.6 Sale of Assets 36 6.7 Restricted Payments 36 6.8 Sales and Leasebacks 36 6.9 Transactions with Related Parties 37 6.10 Hazardous Materials 37 7. NEGATIVE COVENANTS OF THE BORROWER 37 7.1 Liens, Etc. 37 7.2 Debt 38 7.3 Merger, Consolidation 38 7.4 Sale of Assets 38 7.5 Restricted Payment 39 7.6 Securities Credit Regulations 39 7.7 Nature of Business 39 7.8 Transactions with Related Parties 39 7.9 Hazardous Materials 39 7.10 Use of Proceeds 40 7.11 Other Documents 40 8. EVENTS OF DEFAULT; REMEDIES 40 8.1 Failure to Pay Obligations When Due 40 8.2 Intentionally Omitted. 40 8.3 Failure to Pay Other Debt 40 8.4 Misrepresentation...
Amounts and Terms of the Loans. 2423 SECTION 2.01. The Loans 2423 SECTION 2.02. Making the Loans 24 SECTION 2.03. Fees 25 SECTION 2.04. Repayment of Loans 25 SECTION 2.05. Interest on Loans 2625 SECTION 2.06. Interest Rate Determination 26 SECTION 2.07. Optional Conversion of Loans 2827 SECTION 2.08. Prepayments of Loans 2827 SECTION 2.09. Increased Costs 2928 SECTION 2.10. Illegality 3029 SECTION 2.11. Payments and Computations 3029 SECTION 2.12. Taxes 3130 SECTION 2.13. Sharing of Payments, Etc 34 SECTION 2.14. Evidence of Debt 3534 SECTION 2.15. Use of Proceeds 35 SECTION 2.16. Defaulting Lenders 3635 SECTION 2.17. Replacement of Certain Lenders 3635 SECTION 2.18. Failure to Satisfy Conditions Precedent 3635 SECTION 2.19. Obligations of Lenders Several 3635 SECTION 2.20. Priority and Liens 3736 SECTION 2.21. No Discharge; Survival of Claims 3837 SECTION 2.22. Conversion to Exit Facility 3837 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING 3837 SECTION 3.01. Conditions Precedent 3837 SECTION 3.02. Determinations Under this Agreement 4241
Amounts and Terms of the Loans. 2.1. The Loans............................................................27 2.2. Making the Loans.....................................................28 2.3. Fees 29 2.4. Reduction and Termination of the Revolving Credit Commitments.....
Amounts and Terms of the Loans. 35 SECTION 2.01. The Revolving Loans ............................................................... 35 SECTION 2.02. [Intentionally Deleted] ............................................................. 36 SECTION 2.03. The Swing Loans ...................................................................... 36 SECTION 2.04. The Letters of Credit ................................................................ 36 SECTION 2.05. Fees .......................................................................................... 36 SECTION 2.06. Reductions and Increases of the Commitments ....................... 38 SECTION 2.07. Repayment ................................................................................ 41 SECTION 2.08. Interest ...................................................................................... 42 SECTION 2.09. Interest Rate Determinations .................................................... 43 SECTION 2.10. Prepayments ............................................................................. 45 SECTION 2.11.
