Definitions and Accounting Terms 1. Section 1.1 Certain Defined Terms 1 Section 1.2 Computation of Time Periods 27 Section 1.3 Accounting Terms; Changes in GAAP 27 Section 1.4 Classes and Types of Advances 27
Definitions and Accounting Terms 1. Section 1.1. Certain Defined Terms 1 Section 1.2. Computation of Time Periods 38 Section 1.3. Accounting Terms; Changes in GAAP 38 Section 1.4. Classes and Types of Advances 39 Section 1.5. Miscellaneous 39 Section 1.6. Foreign Currency 39 ARTICLE 2 CREDIT FACILITIES 41 Section 2.1. Revolving Commitment 41 Section 2.2. Letters of Credit 44 Section 2.3. Swing Line Advances 50 Section 2.4. Advances 53 Section 2.5. Prepayments 55 Section 2.6. Repayment 56 Section 2.7. Fees 56 Section 2.8. Interest 57 Section 2.9. Illegality 58 Section 2.10. Breakage and Other Costs 59 Section 2.11. Increased Costs 59 Section 2.12. Payments and Computations 61 Section 2.13. Taxes 62 Section 2.14. Replacement of Lenders 66 Section 2.15. Increase in Commitments 67 Section 2.16. Defaulting Lender 68 ARTICLE 3 CONDITIONS 70 Section 3.1. Conditions Precedent to Effectiveness 70 Section 3.2. Conditions Precedent to Each Borrowing and to Each Issuance, Extension or Renewal of a Letter of Credit 73 Section 3.3. Determinations Under Sections 3.1 and 3.2 74 ARTICLE 4 REPRESENTATIONS AND WARRANTIES 74 Section 4.1. Organization 74 Section 4.2. Authorization 74 Section 4.3. Enforceability 74 TABLE OF CONTENTS (continued) Page Section 4.4. Financial Condition 75 Section 4.5. Ownership and Liens; Real Property 75 Section 4.6. True and Complete Disclosure 75 Section 4.7. Litigation 75 Section 4.8. Compliance with Agreements 76 Section 4.9. Pension Plans 76 Section 4.10. Environmental Condition 76 Section 4.11. Subsidiaries 77 Section 4.12. Investment Company Act 77 Section 4.13. Taxes 77 Section 4.14. Permits, Licenses, etc 77 Section 4.15. Use of Proceeds 78 Section 4.16. Condition of Property; Casualties 78 Section 4.17. Insurance 78 Section 4.18. Security Interest 78 Section 4.19. Pro Forma Compliance with Senior Secured Leverage Ratio 78 Section 4.20. Solvency 78 Section 4.21. Senior Indebtedness 78 Section 4.22. Anti-Corruption Laws and Sanctions 79 ARTICLE 5 AFFIRMATIVE COVENANTS 79 Section 5.1. Organization 79 Section 5.2. Reporting 79 Section 5.3. Insurance 82 Section 5.4. Compliance with Laws and Sanctions 83 Section 5.5. Taxes 83 Section 5.6. Anti-Corruption; Sanctions 83 Section 5.7. Security 83 Section 5.8. New Subsidiaries; Designations with Respect to Subsidiaries 84 Section 5.9. Records; Inspection 85 Section 5.10. Maintenance of Property 85 Section 5.11. Field Exams 85 Section 5.12. Post-Closing 86 TABLE OF CONTENTS (continued) Page
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. 1.01 Defined Terms - 1 -
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 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. 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. Certain Defined Terms 1 Section 1.2. Computation of Time Periods 17
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
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
