Definitions and Accounting Terms 1. Section 1.01. Certain Defined Terms 1 Section 1.02. Computation of Time Periods 15 Section 1.03. Accounting Terms 15 Section 1.04. Miscellaneous 16
Definitions and Accounting Terms 1. Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 35 Section 1.3 Accounting Terms; Changes in GAAP 35 Section 1.4 Classes and Types of Advances 36 Section 1.5 Other Interpretive Provisions 36 Section 1.6 Exchange Rates; Currency Equivalents 37 Section 1.7 Agreed Currencies 37 Section 1.8 Change of Currency 38 Section 1.9 Several Obligations of Borrowers 38 ARTICLE II CREDIT FACILITIES 38 Section 2.1 Commitments. 38 Section 2.2 Evidence of Indebtedness 42 Section 2.3 Letters of Credit 43 Section 2.4 Swingline Advances 50 Section 2.5 Bankers’ Acceptances 53 Section 2.6 Borrowings; Procedures and Limitations 55 Section 2.7 Prepayments; Defeasance 61 Section 2.8 Repayment 64 Section 2.9 Fees 64 Section 2.10 Interest 65 Section 2.11 Illegality 66 Section 2.12 Breakage Costs 67 Section 2.13 Increased Costs 67 Section 2.14 Payments and Computations 69 Section 2.15 Taxes 72 Section 2.16 Replacement of Lenders 74 Section 2.17 Settlement 75 Section 2.18 Method of Payment 76 Section 2.19 Crediting Payments 77 Section 2.20 Designated Account 77 Section 2.21 Maintenance of Loan Account; Statements of Obligations 77 Section 2.22 Optional Overadvances 77 ARTICLE III CONDITIONS PRECEDENT 78 Section 3.1 Conditions Precedent to Effectiveness 78 Section 3.2 Conditions Precedent to Each Credit Extension 80 Section 3.3 Determinations Under Sections 3.1 and 3.2 81 ARTICLE IV REPRESENTATIONS AND WARRANTIES 81 Section 4.1 Organization 81 Section 4.2 Authorization 81 Section 4.3 Enforceability 82 Section 4.4 Financial Condition 82 Section 4.5 Ownership and Liens; Real Property 82 Section 4.6 True and Complete Disclosure 82 Section 4.7 Litigation 83 Section 4.8 Compliance with Agreements 83 Section 4.9 Pension Plans 83 Table of Contents (continued) Section 4.10 Environmental Condition 84 Section 4.11 Subsidiaries 84 Section 4.12 Investment Company Act 84 Section 4.13 Collateral Issues 84 Section 4.14 Taxes 85 Section 4.15 Permits, Licenses, etc 86 Section 4.16 Use of Proceeds 86 Section 4.17 Condition of Property; Casualties 86 Section 4.18 Insurance 86 Section 4.19 Labor Agreements 86 Section 4.20 OFAC 86 Section 4.21 Patriot Act 86 ARTICLE V AFFIRMATIVE COVENANTS 87 Section 5.1 Organization 87 Section 5.2 Reporting 87 Section 5.3 Insurance 89 Section 5.4 Compliance with Laws 90 Section 5.5 Taxes 90 Section 5.6 Additional Guarantors 90 Section 5.7 Security 91 Section 5.8 Records; Inspection 91 Section 5.9 Maintenance of Property 91 Section 5.10 Location o...
Definitions and Accounting Terms 1. Section 1.1. Certain Defined Terms 1 Section 1.2. Computation of Time Periods 19 Section 1.3. Accounting Terms; Applicable Margin Ratings 19 Section 1.4. Currency Equivalents 20 Section 1.5. Incorporation by Reference of Provisions in the AGCO Revolving Credit Agreement 20 Section 1.6. Construction 21 Section 2.1. The Term Loan 22 Section 2.2. Making the Term Loan 22 Section 2.3. Reduction of the Commitments 22 Section 2.4. Repayments and Prepayments 22 Section 2.5. Interest 23 Section 2.6. Minimum Interest Rates and Payments 23 Section 2.7. Continuation of Interest Periods 24 Section 2.8. Payments and Computations 24 Section 2.9. Sharing of Payments, Etc 25 Section 2.10. Intentionally Omitted 26 Section 2.11. Defaulting Lenders 26
Definitions and Accounting Terms 1. Section 1.1. Certain Defined Terms 1 Section 1.2. Computation of Time Periods 25 Section 1.3. Accounting Terms; Changes in GAAP 25 Section 1.4. Classes and Types of Advances 25 Section 1.5. Miscellaneous 25 Section 1.6. Foreign Currency 26
Definitions and Accounting Terms 1. Section 1.1 Defined Terms 1 Section 1.2 Use of Defined Terms 18 Section 1.3 Cross-References 18 Section 1.4 Accounting and Financial Determinations 18 ARTICLE II COMMITMENT, BORROWING PROCEDURES AND EFFECTS OF AMENDMENT AND RESTATEMENT 19 Section 2.1 Commitment 19 Section 2.2 Borrowing Procedures 19 Section 2.3 Funding 19 Section 2.4 Reduction of the Commitment Amounts 19 Section 2.5 Continued Effectiveness of Existing Loan Documents 19
Definitions and Accounting Terms 1. Section 1.1 Defined Terms 1 Section 1.2 Computation of Time Periods 14 Section 1.3 Accounting Terms 15 Section 1.4 Certain Terms 15 ARTICLE II AMOUNTS AND TERMS OF THE LOANS 15 Section 2.1 The Term Loans 15 Section 2.2 Making the Loans 16 Section 2.3 Repayment 16 Section 2.4 Prepayments 16 Section 2.5 Interest 17 Section 2.6 Payments and Computations 17 Section 2.7 Application of Payments 17 Section 2.8 Taxes 17 ARTICLE III CONDITIONS OF LENDING 18 Section 3.1 Conditions Precedent to Interim Loans 18 Section 3.2 Conditions Precedent to Term Loans Under Final Financing Order 18 Section 3.3 Conditions Precedent to Each Loan 20 ARTICLE IV REPRESENTATIONS AND WARRANTIES 20
Definitions and Accounting Terms 1. 1.01 Defined Terms - 1 -
Definitions and Accounting Terms 1. Section 1.1. Certain Defined Terms 1 Section 1.2. Computation of Time Periods 17 Section 1.3. Accounting Terms 17 Section 1.4. Currency Equivalents 18 Section 1.5. Incorporation by Reference of Provisions in the AGCO Revolving Credit Agreement 18 Section 1.6. Construction 19 ARTICLE 2. THE TERM LOAN FACILITY 20 Section 2.1. The Term Loan 20 Section 2.2. Making the Term Loan 20 Section 2.3. Reduction of the Commitments 20 Section 2.4. Repayments and Prepayments 20 Section 2.5. Interest 21 Section 2.6. Minimum Interest Rates and Payments 21 Section 2.7. [Intentionally Omitted] 21 Section 2.8. Payments and Computations 22 Section 2.9. Sharing of Payments, Etc. 23 Section 2.10. Intentionally Omitted 24 Section 2.11. Defaulting Lenders 24 ARTICLE 3. CONDITIONS PRECEDENT 24 Section 3.1. Conditions Precedent to Agreement Date 24 Section 3.2. Determinations Under Section 3.1 27 Section 3.3. Qualifications as a Qualifying Bank 27
Definitions and Accounting Terms 1. Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 29 Section 1.3 Accounting Terms; Changes in GAAP 29 Section 1.4 Classes and Types of Advances 29 Section 1.5 Other Interpretive Provisions 30 Section 1.6 Exchange Rates; Currency Equivalents 30 Section 1.7 Agreed Currencies 31 Section 1.8 Change of Currency 31 Section 1.9 Several Obligations of Borrowers 32 ARTICLE II CREDIT FACILITIES 32 Section 2.1 Commitments. 32 Section 2.2 Evidence of Indebtedness 34 Section 2.3 Letters of Credit 34 Section 2.4 Swingline Advances 40 Section 2.5 Bankers’ Acceptances 43 Section 2.6 Borrowings; Procedures and Limitations 45 Section 2.7 Prepayments; Defeasance 51 Section 2.8 Repayment 54 Section 2.9 Fees 54 Section 2.10 Interest 56 Section 2.11 Illegality 57 Section 2.12 Breakage Costs 57 Section 2.13 Increased Costs 58 Section 2.14 Payments and Computations 59 Section 2.15 Taxes 62 Section 2.16 Replacement of Lenders 65
Definitions and Accounting Terms 1. Section 1.1. Definitions 1 Section 1.2. Accounting Terms 21 Section 1.3. Construction of Terms 21
