Definitions and Accounting Terms. SECTION 1.01 Certain Defined Terms 1 SECTION 1.02 Computation of Time Periods 18 SECTION 1.03 Accounting Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT

Appears in 2 contracts

Samples: Credit Agreement (Gap Inc), Credit Agreement (Gap Inc)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Computation of Time Periods ~~18 SECTION 1.03~~ 34 Section 1.3 Accounting ~~Terms 18~~ Terms; Changes in GAAP 34 Section 1.4 Classes and Types of Advances 34 Section 1.5 Other Interpretive Provisions 35 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase~~ CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Indebtedness 37 Section 2.3 Letters of Credit ~~31 SECTION 3.02 Limitation on~~ 37 Section 2.4 Swingline Advances 44 Section 2.5 Borrowings; Procedures and Limitations 47 Section 2.6 Prepayments 50 Section 2.7 Repayment 52 Section 2.8 Fees 53 Section 2.9 Interest 54 Section 2.10 Illegality 55 Section 2.11 Breakage Costs 55 Section 2.12 Increased Costs 56 Section 2.13 Payments and Computations 57 Section 2.14 Taxes 59 Section 2.15 Mitigation Obligations; Replacement of Lenders 63 Section 2.16 Increase in Commitments 64 Section 2.17 Defaulting Lender Provisions 65 Section 2.18 Borrowing Base Adjustments 68 ARTICLE III CONDITIONS PRECEDENT 69 Section 3.1 Conditions Precedent to Initial Borrowings and the ~~Issuance~~ Initial Letter of Credit 69 Section 3.2 Conditions Precedent to Each Credit Extension 72 Section 3.3 Determinations Under Section 3.1 and Section 3.2 73 ARTICLE IV REPRESENTATIONS AND WARRANTIES 73 Section 4.1 Organization 73 Section 4.2 Authorization 73 Section 4.3 Enforceability 74 Section 4.4 Financial Condition 74 Section 4.5 Ownership and Liens; Real Property 74 Section 4.6 True and Complete Disclosure 74 Section 4.7 Litigation 75 Section 4.8 Compliance with Agreements 75 Section 4.9 Pension Plans 75 Section 4.10 Environmental Condition 76 Section 4.11 Subsidiaries 76 Section 4.12 Investment Company Act 76 Section 4.13 Taxes 76 Section 4.14 Permits, Licenses, etc 77 Section 4.15 Use of Proceeds 77 Section 4.16 Condition of Property; Casualties 77 Section 4.17 Insurance 77 Section 4.18 Security Interest 77 Section 4.19 OFAC; Anti-Terrorism 77 Section 4.20 Solvency 78 Section 4.21 Intellectual Property; Licenses, Etc 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1 Organization 78 Section 5.2 Reporting 79 Section 5.3 Insurance 83 Section 5.4 Compliance with Laws 84 Section 5.5 Taxes 84 Section 5.6 Security 84 Section 5.7 New Subsidiaries 85 Section 5.8 Records; Inspection 85 Section 5.9 Maintenance of Property 85 Section 5.10 Deposit Accounts; Securities and Commodity Accounts 86 Section 5.11 Appraisals; Field Exams 86 Section 5.12 Further Assurances 87 Section 5.13 Designation of Senior Debt 87 Section 5.14 Certificated Equipment 87 Section 5.15 FCPA; Sanctions 88 ARTICLE VI NEGATIVE COVENANTS 88 Section 6.1 Debt 88 Section 6.2 Liens 89 Section 6.3 Investments 91 Section 6.4 Acquisitions 92 Section 6.5 Agreements Restricting Liens 93 Section 6.6 Use of Proceeds; Use of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT93

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 Section 1.01 Certain Defined Terms 1 ~~SECTION~~ Section 1.02 Computation of Time Periods ~~18 SECTION~~ 23 Section 1.03 Accounting Terms 18 23 Section 1.04 Classes of Loans 24 Section 1.05 Miscellaneous 24 ARTICLE II ~~AMOUNTS AND TERMS OF~~ THE ~~ADVANCES SECTION~~ LOANS 25 Section 2.01 ~~The Advances 19 SECTION~~ Loans 25 Section 2.02 ~~Making the Advances 19 SECTION~~ Method of Borrowing 25 Section 2.03 ~~Fees 22 SECTION~~ [Reserved] 27 Section 2.04 Termination, Reduction ~~and Increase~~ of the ~~Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION~~ Commitments 27 Section 2.05 Repayment ~~of Advances 26 SECTION~~ 27 Section 2.06 Interest, Interest ~~on Advances 26 SECTION~~ Calculations and Certain Fees 27 Section 2.07 ~~Additional Interest on Eurodollar Rate Advances 27 SECTION~~ Prepayments 29 Section 2.08 ~~Interest Rate Determination 27 SECTION~~ [Reserved] 31 Section 2.09 ~~Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11~~ Increased Costs ~~29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers~~ Generally 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Section 2.10 Payments and Computations ~~40 SECTION 4.02~~ 32 Section 2.11 Taxes ~~42 SECTION 4.03~~ 33 Section 2.12 Sharing of Payments, Etc. ~~46 SECTION 4.04 Evidence~~ 37 Section 2.13 Applicable Lending Offices 38 Section 2.14 [Reserved] 38 Section 2.15 Mitigation Obligations; Replacement of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Lenders 38 Section 2.16 [Reserved] 39 Section 2.17 Defaulting Lenders 39 ARTICLE V III CONDITIONS ~~OF LENDING SECTION 5.01~~ 40 Section 3.01 Closing Date 40 Section 3.02 Conditions ~~Precedent~~ to ~~Effectiveness of this Agreement 49 SECTION 5.02~~ the Initial Term Loans 43 Section 3.03 Conditions ~~Precedent~~ to ~~Each Advance/Issuance 51~~ the Delayed Draw Term Loans 44 Section 3.04 Determinations Under Sections 3 44 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 44 Section 4.01 Existence; Subsidiaries 44 Section 4.02 Power and Authority 44 Section 4.03 Authorization and Approvals 45 Section 4.04 Enforceable Obligations 45 Section 4.05 Financial Statements; No Material Adverse Effect 45 Section 4.06 True and Complete Disclosure 46 Section 4.07 Litigation 46 Section 4.08 Compliance with Laws 46 Section 4.09 Burdensome Provisions; No Default 46 Section 4.10 Subsidiaries; Corporate Structure 46 Section 4.11 Ownership of Properties; Casualties 47 Section 4.12 Environmental Compliance 47 Section 4.13 Insurance 48 TABLE OF CONTENTS (continued) Page Section 4.14 Taxes 48 Section 4.15 ERISA Compliance 48 Section 4.16 Security Interests 49 Section 4.17 Labor Relations 49 Section 4.18 Intellectual Property 49 Section 4.19 Solvency 50 Section 4.20 Margin Regulations 50 Section 4.21 Investment Company Act 50 Section 4.22 OFAC 50 ARTICLE V AFFIRMATIVE COVENANTS 51 Section 5.01 Reporting Requirements 51 Section 5.02 Other Notices 53 Section 5.03 Preservation of Existence, Etc. Except as permitted by Section 6 54 Section 5.04 Compliance with Laws, Etc. 54 Section 5.05 Maintenance of Property 54 Section 5.06 Maintenance of Insurance 55 Section 5.07 Payment of Obligations 55 Section 5.08 Books and Records; Inspection 55 Section 5.09 Use of Proceeds 56 Section 5.10 Additional Subsidiaries 56 Section 5.11 Bank Accounts 57 Section 5.12 Further Assurances in General 57 Section 5.13 [Reserved] 58 Section 5.14 Real Property 58 ARTICLE VI NEGATIVE COVENANTS 59 Section 6.01 ~~Representations~~ Liens, Etc. 59 Section 6.02 Debts, Guaranties and ~~Warranties~~ Other Obligations 60 Section 6.03 Merger or Consolidation 62 Section 6.04 Asset Sales 62 Section 6.05 Investments 63 Section 6.06 Restricted Payments 64 Section 6.07 Change in Nature of ~~the Borrower 51~~ Business; Change in Structure; Amendments to Organizational Documents 64 Section 6.08 Transactions With Affiliates 64 Section 6.09 Agreements Restricting Liens and Distributions 64 Section 6.10 Limitation on Accounting Changes or Changes in Fiscal Periods 65 Section 6.11 Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities 65 Section 6.12 Capital Expenditures 65 Section 6.13 Maximum Tranche B Loan to Value Ratio 65 Section 6.14 Minimum Liquidity 65 Section 6.15 Optional Payments and Modifications of Certain Debt Instruments 65 TABLE OF CONTENTS (continued) Page ARTICLE VII ~~COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII~~ EVENTS OF DEFAULT ~~SECTION 8.01~~ 66 Section 7.01 Events of Default 60 66 Section 7.02 Optional Acceleration of Maturity 68 Section 7.03 Automatic Acceleration of Maturity 69 Section 7.04 Non-exclusivity of Remedies 70 Section 7.05 Right of Set-off 70 Section 7.06 Application of Proceeds 70 Section 7.07 Borrower’s Right to Cure 71 ARTICLE VIII THE GUARANTY 72 Section 8.01 Liabilities Guaranteed 72 Section 8.02 Nature of Guaranty 72 Section 8.03 Agent’s Rights 72 Section 8.04 Guarantor’s Waivers 73 Section 8.05 Maturity of Obligations, Payment 74 Section 8.06 Agent’s Expenses 74 Section 8.07 Liability 74 Section 8.08 Events and Circumstances Not Reducing or Discharging any Guarantor’s Obligations 74 Section 8.09 Subordination of All Guarantor Claims 76 Section 8.10 Claims in Bankruptcy 77 Section 8.11 Payments Held in Trust 77 Section 8.12 Benefit of Guaranty 77 Section 8.13 Reinstatement 78 Section 8.14 Liens Subordinate 78 Section 8.15 Guarantor’s Enforcement Rights 78 Section 8.16 Fraudulent Transfer Laws 78 Section 8.17 Contribution Rights 79 ARTICLE IX THE ~~AGENT~~ADMINISTRATIVE AGENT 80 Section 9.01 Appointment and Authority 80 Section 9.02 Rights as a Lender 80 Section 9.03 Exculpatory Provisions 80 Section 9.04 Reliance by Administrative Agent 81 Section 9.05 Delegation of Duties 82 Section 9.06 Resignation of Administrative Agent 82 Section 9.07 Non-Reliance on Administrative Agent and Other Lenders 83 Section 9.08 Indemnification 83 Section 9.09 Collateral and Guaranty Matters 84 ARTICLE X MISCELLANEOUS 86 Section 10.01 Amendments, Etc. 86 Section 10.02 Notices, Etc. 87 Section 10.03 No Waiver; Cumulative Remedies 89 Section 10.04 Costs and Expenses 89 TABLE OF CONTENTS (continued) Page Section 10.05 Indemnification 89 Section 10.06 Successors and Assigns 90 Section 10.07 Confidentiality 93 Section 10.08 Execution in Counterparts 94 Section 10.09 Survival of Representations, Etc. 94 Section 10.10 Severability 94 Section 10.11 Governing Law 95 Section 10.12 Submission to Jurisdiction 95 Section 10.13 Dispute Resolution 95 Section 10.14 Entire Agreement 97 Section 10.15 [Reserved] 97 Section 10.16 USA Patriot Act 97 Section 10.17 [Reserved] 97 Section 10.18 No Fiduciary Duty 97 Section 10.19 Intercreditor Agreement 98 Section 10.20 Original Issue Discount 98 TABLE OF CONTENTS (continued) Page EXHIBITS: Exhibit A - Form of Assignment and Acceptance Exhibit B - Form of Compliance Certificate Exhibit C - Form of Note Exhibit D - Form of Notice of Borrowing Exhibit E - [Reserved] Exhibit F - Form of Pledge Agreement Exhibit G - Form of Security Agreement Exhibit H-1 - U.S. Tax Compliance Certificate (For Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes) Exhibit H-2 - U.S. Tax Compliance Certificate (For Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes) Exhibit H-3 - U.S. Tax Compliance Certificate (For Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes) Exhibit H-4 - U.S. Tax Compliance Certificate (For Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes) Exhibit I - Form of Warrant Agreement SCHEDULES: Schedule 1.01(a) - [Reserved] Schedule 1.01(b) - Guarantors Schedule 2.01 - Commitments and Pro Rata Shares of the Lenders Schedule 4.10 - Subsidiaries Schedule 5.11 - Bank Accounts Schedule 6.01 - Existing Permitted Liens Schedule 6.02 - Existing Permitted Debt Schedule 6.05 - Existing Permitted Investments Schedule 10.02 - Addresses for Notice SECOND LIEN CREDIT AGREEMENT This Second Lien Credit Agreement dated as of December 19, 2016 is among Xxxxxxxx Energy Services LP, a Delaware limited partnership (the “Borrower”), the Guarantors, the Lenders, and Cortland Capital Market Services LLC (“Cortland”), as Administrative Agent for the Lenders. The Borrower, the Guarantors, the Lenders and the Administrative Agent agree as follows:

Appears in 2 contracts

Samples: Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 25 Section 1.03 Accounting Terms 18 26 Section 1.04 Times of Day 26 Section 1.05 Rounding 26 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ LOANS 27 Section 2.01 ~~The Advances 19 SECTION~~ Revolving Loans 27 Section 2.02 ~~Making the Advances 19 SECTION~~ Term Loans 27 Section 2.03 ~~Fees 22 SECTION~~ Swing Loans 28 Section 2.04 Letters of Credit 28 Section 2.05 Term Loan Borrowing; Revolving Loan Borrowings, Swing Loan Borrowings 29 Section 2.06 Conversions or Continuations 34 Section 2.07 Prepayments 35 Section 2.08 Termination or Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Commitments 37 Section 2.09 Repayment of ~~Advances 26 SECTION 2.06~~ Loans 37 Section 2.10 Interest ~~on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08~~ 38 Section 2.11 Interest Rate Determination ~~27 SECTION 2.09 Voluntary Conversion~~ 38 Section 2.12 Fees 39 Section 2.13 Computation of ~~Advances 29 SECTION 2.10 Prepayments~~ Interest and Fees 40 Section 2.14 Evidence of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters Debt 40 Section 2.15 Payments Generally; Administrative Agent’s Clawback 41 Section 2.16 Sharing of Payments by Lenders 42 Section 2.17 Increase in the Aggregate Revolving Credit ~~31 SECTION 3.02 Limitation on the~~ Commitments 42 Section 2.18 Extension of Revolving Credit Maturity Date 44 Section 2.19 Issuance of Letters of Credit ~~Denominated in Alternative Currencies 32 SECTION~~ 48 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 52 Section 3.01 Taxes 52 Section 3.02 Illegality 55 Section 3.03 ~~Issuing the~~ Inability to Determine Rates 55 Section 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 56 Section 3.05 Compensation for Losses 57 Section 3.06 Mitigation Obligations; Replacement of Lenders 58 Section 3.07 Survival 59 ARTICLE IV CONDITIONS PRECEDENT 59 Section 4.01 Conditions of Effectiveness 59 Section 4.02 Conditions to Borrowing and Issuance of Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Credits 61 Section 4.03 Conditions to Commitment Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT61 Page

Appears in 2 contracts

Samples: Credit Agreement (Rti International Metals Inc), Credit Agreement (Rti International Metals Inc)

Definitions and Accounting Terms. SECTION ~~1.01~~ 1.01. Certain Defined Terms 1 SECTION ~~1.02~~ 1.02. Terms Generally 27 SECTION 1.03. Computation of Time Periods 18 27 SECTION ~~1.03~~ 1.04. Accounting Terms ~~18 ARTICLE~~ 27 Article II AMOUNTS AND TERMS OF THE ADVANCES 28 SECTION ~~2.01~~ 2.01. The Advances 19 28 SECTION ~~2.02~~ 2.02. Making the Advances 19 28 SECTION ~~2.03~~ 2.03. Letters of Credit 29 SECTION 2.04. Fees 22 35 SECTION ~~2.04~~ 2.05. Termination or Reduction ~~and Increase~~ of the ~~Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23~~ Commitments 36 SECTION ~~2.05~~ 2.06. Repayment of Advances 26 36 SECTION ~~2.06~~ 2.07. Interest on Advances 26 36 SECTION ~~2.07 Additional~~ 2.08. Computation of Interest ~~on Eurodollar Rate Advances 27~~ 37 SECTION ~~2.08~~ 2.09. Inability to Determine Interest ~~Rate Determination 27~~ Rate. 37 SECTION ~~2.09 Voluntary~~ 2.10. Conversion of ~~Advances 29~~ Advances. 38 SECTION ~~2.10~~ 2.11. Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION ~~3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation~~ 2.12. Increased Costs. 39 SECTION ~~3.14 Applications; Survival of Provisions; Cash Collateral~~ 2.13. Illegality. 40 SECTION ~~3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC~~2.14. Payments. 41 SECTION ~~4.01 Payments and Computations 40~~ 2.15. Taxes. 41 SECTION ~~4.02 Taxes 42 SECTION 4.03~~ 2.16. Sharing of Payments, Etc. 46 43 SECTION ~~4.04~~ 2.17. Evidence of Debt~~/Borrowings 46~~ . 44 SECTION ~~4.05 Borrower Guaranty~~ 2.18. Use of Proceeds. 45 SECTION 2.19. Swing Line Loans. 45 SECTION 2.20. Mitigation Obligations; Replacement of Lenders. 47 ~~ARTICLE V~~ SECTION 2.21. Cash Collateral. 48 SECTION 2.22. Defaulting Lenders. 49 SECTION 2.23. Breakage. 52 SECTION 2.24. Administrative Agent’s Clawback. 53 SECTION 2.25. Accordion. 53 Article III 59 CONDITIONS ~~OF LENDING~~ PRECEDENT 59 SECTION ~~5.01~~ 3.01. Conditions Precedent to ~~Effectiveness of this Agreement 49~~ Closing Date. 59 SECTION ~~5.02~~ 3.02. Conditions Precedent to Each ~~Advance/Issuance 51 ARTICLE VI~~ Loan Event. 62 Article IV 63 REPRESENTATIONS AND WARRANTIES 63 CHAR2\1701593v10 SECTION ~~6.01~~ 4.01. Representations and Warranties of the ~~Borrower 51 ARTICLE VII~~ Borrowers. 63 Article V 67 COVENANTS OF THE ~~BORROWER~~ BORROWERS 67 SECTION ~~7.01~~ 5.01. Affirmative Covenants 54 67 SECTION ~~7.02~~ 5.02. Rayonier’s Additional Affirmative Covenants. 74 SECTION 5.03. Negative ~~Covenants 55~~ Covenants. 75 SECTION ~~7.03~~ 5.04. Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII~~ 79 Article VI 80 EVENTS OF DEFAULT 80 SECTION ~~8.01~~ 6.01. Events of ~~Default 60 ARTICLE IX~~ Default. 80 Article VII 84 THE ~~AGENT~~ADMINISTRATIVE AGENT 84 SECTION 7.01. Appointment and Authority. 84 SECTION 7.02. Rights as a Lender. 85 SECTION 7.03. Exculpatory Provisions. 85 SECTION 7.04. Reliance by Administrative Agent 86 SECTION 7.06. Resignation of Administrative Agent. 87 SECTION 7.07. Non-Reliance on Administrative Agent and Other Lenders 88 SECTION 7.08. No Other Duties, Etc. 88 SECTION 7.09. Administrative Agent May File Proofs of Claim. 88 SECTION 7.10. Guarantee Matters. 89 Article VIII 89 MISCELLANEOUS 89 SECTION 8.01. Amendments, Etc. 89 SECTION 8.02. Notices; Effectiveness; Electronic Communication. 90 SECTION 8.03. No Waiver; Remedies. 92 SECTION 8.04. Costs and Expenses 92 SECTION 8.05. Right of Set-off. 94 SECTION 8.06. Binding Effect. 95 SECTION 8.07. Successors and Assigns. 95 SECTION 8.08. Rayonier as Agent. 100 SECTION 8.09. Treatment of Certain Information; Confidentiality. 100 SECTION 8.10. Governing Law; Jurisdiction; Etc. 101 SECTION 8.11. Headings. 102 SECTION 8.12. Severability. 102 SECTION 8.13. Counterparts; Integration; Effectiveness; Electronic Execution. 102 SECTION 8.14. USA PATRIOT Act Notice. 103 SECTION 8.15. Waiver of Jury Trial. 103 Schedules Schedule I - Commitment Amounts Schedule 2.03 - Existing Letters of Credit Schedule 4.01(l) - Environmental Matters Schedule 4.01(m) - NPL Properties Schedule 4.01(n) - Transport of Hazardous Materials Schedule 4.01(o) - Post Retirement Benefit Obligations Schedule 5.03(b) - Existing Liens Schedule 5.03(g) - Existing Subsidiary Debt Schedule 8.07(f) - Voting Participants at Closing Exhibits Exhibit A-1 - Form of Revolving Credit Note Exhibit A-2 - Form of Term Loan Note Exhibit A-3 - Form of Swing Line Note Exhibit B - Form of Notice of Borrowing Exhibit C - Form of Guarantee Agreement Exhibit D - Form of Closing Certificate Exhibit E - Form of Assignment and Assumption Exhibit F - Form of Solvency Certificate CREDIT AGREEMENT, dated as of August 5, 2015 (as supplemented, modified, restated and amended from time to time, this “Agreement”), made by and among RAYONIER INC., a North Carolina corporation (“Rayonier”), RAYONIER TRS HOLDINGS INC., a Delaware corporation (“TRS”), and RAYONIER OPERATING COMPANY LLC, a Delaware limited liability company (“ROC”; each of Rayonier, TRS and ROC being referred to herein individually as a “Borrower”, and collectively as the “Borrowers”), the several banks, financial institutions and other institutional lenders from time to time party hereto as Lenders (as defined below), COBANK, ACB, (“CoBank”), as administrative agent on behalf of the Lenders (in such capacity, the “Administrative Agent”), Swing Line Lender (as defined below) and as Issuing Bank (as defined below) and CoBank, as Sole Bookrunner and Sole Lead Arranger.

Appears in 1 contract

Samples: Credit Agreement (Rayonier Inc)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 20 1.03 Accounting Terms ~~18 ARTICLE II AMOUNTS~~ 20 1.04 Rounding 21 1.05 Times of Day 21 Article II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 21 2.01 ~~The Advances 19 SECTION~~ Committed Loans 21 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Committed Loans 21 2.03 ~~Fees~~ Prepayments 22 ~~SECTION~~ 2.04 Termination or Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks~~ Commitments 23 ~~SECTION~~ 2.05 Repayment of ~~Advances 26 SECTION~~ Loans 23 2.06 Interest ~~on Advances~~ 24 2.07 Fees 24 2.08 Computation of Interest and Fees 25 2.09 Evidence of Debt 25 2.10 Payments Generally; Administrative Agent’s Clawback 25 2.11 Sharing of Payments by Lenders 26 ~~SECTION 2.07 Additional Interest on Eurodollar Rate Advances~~ 2.12 Designated Borrower 27 ~~SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances~~ 2.13 Increase in Commitments 28 2.14 Defaulting Lenders 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, Article III. TAXES, ~~EXTENSIONS~~YIELD PROTECTION AND ILLEGALITY 30 3.01 Taxes 30 3.02 Illegality 34 3.03 Inability to Determine Rates 35 3.04 Increased Costs; Reserves on Eurocurrency Rate Loans 35 3.05 Compensation for Losses 37 3.06 Mitigation Obligations; Replacement of Lenders 37 3.07 Survival 38 Article IV. CONDITIONS PRECEDENT 38 4.01 Conditions to Effectiveness 38 4.02 Conditions to Borrowings 39 Article V. REPRESENTATIONS AND WARRANTIES 41 5.01 Existence, ~~ETC~~Qualification and Power 41 5.02 Authorization; No Contravention 41 5.03 Governmental Authorization 42 5.04 Binding Effect 42 5.05 Financial Statements; No Material Adverse Effect 42 5.06 Litigation 42 TABLE OF CONTENTS (continued) Page 5.07 Ownership of Property; Liens 43 5.08 Environmental Compliance 43 5.09 Insurance 43 5.10 Taxes 43 5.11 ERISA Compliance 43 5.12 Margin Regulations; Investment Company Act 44 5.13 Disclosure 44 5.14 Compliance with Laws 44 5.15 Taxpayer Identification Number; Other Identifying Information 44 5.16 Representations as to Designated Borrower 44 5.17 OFAC 45 Article VI. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing~~ AFFIRMATIVE COVENANTS 46 6.01 Financial Statements 46 6.02 Certificates; Other Information 46 6.03 Notices 47 6.04 Payment of ~~Payments~~Obligations 48 6.05 Preservation of Existence, Etc. ~~46 SECTION 4.04 Evidence~~ 48 6.06 Maintenance of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ Properties; Maintenance of ~~this Agreement~~ Insurance 48 6.07 Compliance with Laws 48 6.08 Inspection Rights; Books and Records 48 6.09 Use of Proceeds 49 ~~SECTION 5.02 Conditions Precedent to Each Advance/Issuance~~ 6.10 Approvals and Authorizations 49 Article VII. NEGATIVE COVENANTS 49 7.01 Liens 49 7.02 Subsidiary Indebtedness 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 ~~Financial Covenants 58 SECTION~~ Fundamental Changes 52 7.04 ~~Reporting Requirements 58 ARTICLE VIII~~ Dispositions 52 7.05 Transactions with Affiliates 53 7.06 Consolidated Leverage Ratio 53 7.07 Consolidated Interest Coverage Ratio 53 Article VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 53 8.01 Events of Default 53 8.02 Remedies Upon Event of Default 56 8.03 Application of Funds 56 Article IX. ADMINISTRATIVE AGENT 57 9.01 Appointment and Authority 57 9.02 Rights as a Lender 57 9.03 Exculpatory Provisions 57 9.04 Reliance by Administrative Agent 58 9.05 Delegation of Duties 58 TABLE OF CONTENTS (continued) Page 9.06 Resignation of Administrative Agent 58 9.07 Non-Reliance on Administrative Agent and Other Lenders 59 9.08 No Other Duties, Etc. 60 ~~ARTICLE IX THE AGENT~~9.09 Administrative Agent May File Proofs of Claim 60 Article X. MISCELLANEOUS 60 10.01 Amendments, Etc. 60 10.02 Notices; Effectiveness; Electronic Communication 61 10.03 No Waiver; Cumulative Remedies; Enforcement 63 10.04 Expenses; Indemnity; Damage Waiver 64 10.05 Payments Set Aside 66 10.06 Successors and Assigns 66 10.07 Treatment of Certain Information; Confidentiality 70 10.08 Right of Setoff 71 10.09 Interest Rate Limitation 71 10.10 Counterparts; Integration; Effectiveness 72 10.11 Survival of Representations and Warranties 72 10.12 Severability 72 10.13 Replacement of Lenders 72 10.14 Governing Law; Jurisdiction; Etc. 73 10.15 Waiver of Jury Trial 74 10.16 No Advisory or Fiduciary Responsibility 75 10.17 Electronic Execution of Assignments and Certain Other Documents 75 10.18 USA PATRIOT Act Notice 75 10.19 Judgment Currency 75 SCHEDULES

Appears in 1 contract

Samples: Term Loan Agreement (Thermo Fisher Scientific Inc.)

Definitions and Accounting Terms. SECTION ~~1.01 Certain~~ 1.1 Defined Terms 1 SECTION ~~1.02 Computation~~ 1.2 Use of ~~Time Periods 18~~ Defined Terms 13 SECTION ~~1.03~~ 1.3 Cross-References 13 SECTION 1.4 Accounting ~~Terms~~ and Financial Determinations 13 ARTICLE II THE FACILITY AND BORROWING PROCEDURES SECTION 2.1 Facility 14 SECTION 2.2 [Intentionally Omitted] 14 SECTION 2.3 Reduction of Commitment Amount 14 SECTION 2.4 Base Rate Loans and Eurodollar Loans 14 SECTION 2.5 Borrowing Procedures for Loans 15 SECTION 2.6 Continuation and Conversion Elections 15 SECTION 2.7 Funding 16 SECTION 2.8 Repayment of Loans; Evidence of Debt 16 SECTION 2.9 Addition of Lenders and Increase in Commitment Amount 17 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES SECTION 3.1 Repayments and Prepayments 17 SECTION 3.2 Interest Provisions 17 SECTION 3.3 Fees 18 ARTICLE ~~II AMOUNTS~~ IV CERTAIN EURODOLLAR AND ~~TERMS OF THE ADVANCES~~ OTHER PROVISIONS SECTION ~~2.01 The Advances~~ 4.1 Eurodollar Lending Unlawful 19 SECTION ~~2.02 Making the Advances~~ 4.2 Deposits Unavailable or Eurodollar Interest Rate Unascertainable 19 SECTION ~~2.03~~ 4.3 Increased Eurodollar Borrowing Costs, etc 19 SECTION 4.4 Funding Losses 19 SECTION 4.5 Increased Capital Costs 20 SECTION 4.6 Taxes 20 SECTION 4.7 Special Fees in Respect of Reserve Requirements 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of 4.8 Payments, ~~Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS~~ Computations, etc 22 TABLE OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTCONTENTS (continued) Pages

Appears in 1 contract

Samples: Credit Agreement (Noble Energy Inc)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 ~~Certain~~ Defined Terms ~~1 SECTION~~ 2 Section 1.02 Other Interpretive Provisions 56 Section 1.03 Accounting Terms; Calculation of Financial Covenant and other Financial Ratios and Terms 57 Section 1.04 Rounding 58 Section 1.05 Timing of Payment or Performance 58 Section 1.06 Times of Day 58 Section 1.07 Letter of Credit Amounts 58 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS Section 2.01 The Loans 58 Section 2.02 Borrowings, Conversions and Continuations of Loans 59 Section 2.03 Letters of Credit 61 Section 2.04 Swing Line Loans 69 Section 2.05 Prepayments 73 Section 2.06 Termination or Reduction of Commitments 79 Section 2.07 Repayment of Loans 80 Section 2.08 Interest 81 Section 2.09 Fees 81 Section 2.10 Computation of ~~Time Periods 18 SECTION 1.03 Accounting Terms 18~~ Interest and Fees 82 Section 2.11 Evidence of Debt 82 Section 2.12 Payments Generally; Administrative Agent’s Clawback 83 Section 2.13 Sharing of Payments by Lenders 85 Section 2.14 Incremental Credit Extensions 85 Section 2.15 Extensions of Term Loans and Revolving Credit Commitments 89 Section 2.16 Defaulting Lenders 91 Section 2.17 Cash Collateral 93 Section 2.18 Designation of Subsidiaries 95 Section 2.19 Permitted Debt Exchanges 96 Section 2.20 Specified Refinancing Debt 97 Section 2.21 The Borrower Representative 99 ARTICLE ~~II AMOUNTS~~ III TAXES, YIELD PROTECTION AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments~~ILLEGALITY Section 3.01 Taxes 99 Section 3.02 Illegality 104 Section 3.03 Inability to Determine Rates 104 Section 3.04 Increased Costs; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest~~ Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 105 Section 3.05 Compensation for Losses 106 Section 3.06 Mitigation Obligations; Replacement of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders ~~33 SECTION 3.06 Letter of Credit Fees 34 SECTION~~ 106 Section 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 107 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION~~ CONDITIONS PRECEDENT TO CREDIT EXTENSIONS Section 4.01 ~~Payments and Computations 40 SECTION~~ Conditions to Acquisition Effective Date 107 Section 4.02 ~~Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Conditions to all Other Credit Extensions 109 Section Page ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTV

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

Definitions and Accounting Terms. SECTION ~~1.01 Certain Defined Terms~~ 1.01. Definitions 1 SECTION ~~1.02 Computation~~ 1.02. Incorporation by Reference of ~~Time Periods 18~~ Trust Indenture Act 24 SECTION ~~1.03 Accounting Terms 18~~ 1.03. Rules of Construction 25 ARTICLE ~~II AMOUNTS AND TERMS OF~~ 2 THE ~~ADVANCES~~ NOTES SECTION ~~2.01 The Advances 19~~ 2.01. Form and Dating 25 SECTION ~~2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ 2.02. Execution and ~~Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances~~ Authentication 26 SECTION ~~2.06 Interest on Advances~~ 2.03. Registrar and Paying Agent 26 SECTION ~~2.07 Additional Interest on Eurodollar Rate Advances~~ 2.04. Paying Agent To Hold Money in Trust 27 SECTION ~~2.08 Interest Rate Determination~~ 2.05. Holder Lists 27 SECTION ~~2.09 Voluntary Conversion of Advances~~ 2.06. Transfer and Exchange 27 SECTION 2.07. Replacement Notes 28 SECTION 2.08. Outstanding Notes 29 SECTION ~~2.10 Prepayments of Advances~~ 2.09. Temporary Notes 29 SECTION ~~2.11 Increased Costs~~ 2.10. Cancellation 29 SECTION ~~2.12 Illegality~~ 2.11. Defaulted Interest 29 SECTION 2.12. CUSIP Numbers 30 SECTION ~~2.13 Subsidiary Borrowers 31~~ 2.13. Designations 30 SECTION 2.14. Issuance of Additional Notes 30 ARTICLE ~~III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN~~ 3 REDEMPTION SECTION ~~3.01 Letters of Credit~~ 3.01. Notices to Trustee 31 SECTION ~~3.02~~ 3.02. Selection of Notes To Be Redeemed 31 SECTION 3.03. Notice of Redemption 31 SECTION 3.04. Effect of Notice of Redemption 32 SECTION 3.05. Deposit of Redemption Price 32 SECTION 3.06. Notes Redeemed in Part 32 ARTICLE 4 AFFIRMATIVE COVENANTS SECTION 4.01. Payment of Notes 33 SECTION 4.02. Commission Reports 33 Page SECTION 4.03. Preservation of Corporate Existence 33 SECTION 4.04. [Intentionally Omitted] 34 SECTION 4.05. [Intentionally Omitted] 34 SECTION 4.06. Compliance Certificate 34 SECTION 4.07. [Intentionally Omitted] 34 SECTION 4.08. [Intentionally Omitted] 34 SECTION 4.09. Offer To Purchase upon Change of Control 34 SECTION 4.10. Offer To Purchase by Application of Excess Proceeds 35 SECTION 4.11. [Intentionally Omitted] 36 SECTION 4.12. Further Assurances 36 SECTION 4.13. Future Guarantors 36 ARTICLE 5 NEGATIVE COVENANTS APPLICABLE TO COMPANY AND ITS SUBSIDIARIES SECTION 5.01. Stay, Extension and Usury Laws 37 SECTION 5.02. Restricted Payments 37 SECTION 5.03. Dividend and Other Payment Restrictions Affecting Subsidiaries 39 SECTION 5.04. Incurrence of Indebtedness and Issuance of Preferred Stock 40 SECTION 5.05. Asset Dispositions 44 SECTION 5.06. Transactions with Affiliates 45 SECTION 5.07. Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. Liens 46 SECTION ~~4.04 Evidence~~ 5.08. Limitation on Issuances and Sales of ~~Debt/Borrowings~~ Capital Stock of Subsidiaries 46 SECTION ~~4.05 Borrower Guaranty~~ 5.09. [Intentionally Omitted] 47 SECTION 5.10. Conduct of Business 47 SECTION 5.11. [Intentionally Omitted] 47 SECTION 5.12. [Intentionally Omitted] 47 SECTION 5.13. Fall Away Event 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT6

Appears in 1 contract

Samples: Indenture (Cincinnati Bell Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.1 Defined Terms ~~1 SECTION 1.02 Computation~~ 2 Section 1.2 Use of ~~Time Periods 18 SECTION 1.03~~ Defined Terms 43 Section 1.3 Cross-References 43 Section 1.4 Accounting ~~Terms 18~~ and Financial Determinations 44 Section 1.5 Exchange Rates; Currency Equivalents 44 Section 1.6 Letter of Credit Amounts 45 ARTICLE II ~~AMOUNTS~~ COMMITMENTS, BORROWING AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT ISSUANCE PROCEDURES, NOTES AND ~~TERMS OF~~ LETTERS OF CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01 Letters~~ Section 2.1 Commitments 45 Section 2.2 Increase or Reduction of ~~Credit 31 SECTION 3.02 Limitation on~~ the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Commitment Amounts 47 Section 2.3 Borrowing Procedures 48 Section 2.4 Continuation and Conversion Elections 50 Section 2.5 Funding 51 Section 2.6 Letter of Credit ~~Fees 34 SECTION 3.07 Indemnification~~Issuance Procedures 51 Section 2.7 Register; ~~Nature~~ Notes 59 Section 2.8 Canadian BAs 60 Section 2.9 Incremental Facilities 61 Section 2.10 Extension of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Maturity Date 63 Section 2.11 Cash Collateral ~~40 SECTION 3.15 LC Subsidiaries 40~~ 65 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1 Repayments and Prepayments; Application 66 Section 3.2 Interest Provisions 69 Section 3.3 Fees 71 ARTICLE IV ~~PAYMENTS~~CERTAIN LIBO RATE, ~~TAXES~~CANADIAN BA AND OTHER PROVISIONS Section 4.1 Fixed Rate Lending Unlawful 72 Section 4.2 Deposits Unavailable; Circumstances making Canadian BAs Unavailable 72 Section 4.3 Increased Loan Costs, ~~EXTENSIONS~~etc 72 TABLE OF CONTENTS (Continued) Page Section 4.4 Funding Losses 73 Section 4.5 Increased Capital Costs 73 Section 4.6 Taxes 74 Section 4.7 Payments, ~~ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03~~ Computations; Proceeds of Collateral, etc 78 Section 4.8 Sharing of ~~Payments, Etc. 46 SECTION 4.04 Evidence~~ Payments 79 Section 4.9 Setoff 80 Section 4.10 Mitigation 80 Section 4.11 Removal of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Lenders 80 ARTICLE V CONDITIONS ~~OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ TO CREDIT EXTENSIONS Section 5.1 Initial Credit Extension 81 Section 5.2 All Credit Extensions 86 ARTICLE VI REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ Section 6.1 Organization, etc 86 Section 6.2 Due Authorization, Non-Contravention, etc 87 Section 6.3 Government Approval, Regulation, etc 87 Section 6.4 Validity, etc 87 Section 6.5 Financial Information 87 Section 6.6 No Material Adverse Change 87 Section 6.7 Litigation, Labor Controversies, etc 87 Section 6.8 Subsidiaries; Equity Interests; Obligors 88 Section 6.9 Ownership of Properties 88 Section 6.10 Taxes 88 Section 6.11 Pension and Welfare Plans 88 Section 6.12 Environmental Warranties 89 Section 6.13 Accuracy of ~~the Borrower 51~~ Information 90 Section 6.14 Regulations U and X 90 Section 6.15 Insurance 91 Section 6.16 Solvency 91 Section 6.17 Security Agreements 91 Section 6.18 Intellectual Property 91 Section 6.19 Issuance of Subordinated Debt; Status of Obligations as Senior Indebtedness, etc 91 Section 6.20 Patriot Act; FCPA; OFAC 92 Section 6.21 Quebec Based Collateral 92 Section 6.22 Casualty, Etc 92 TABLE OF CONTENTS (Continued) Page ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTVII

Appears in 1 contract

Samples: Credit Agreement (Mitel Networks Corp)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Computation of Time Periods ~~18 SECTION 1.03 Accounting Terms 18~~ 12 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03~~ LOANS 12 Section 2.1 Commitments 12 Section 2.2 Competitive Bid Procedure 13 Section 2.3 Committed Borrowing Procedure 15 Section 2.4 Refinancings; Conversions 15 Section 2.5 Fees ~~22 SECTION 2.04~~ 16 Section 2.6 Termination and Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06~~ Commitments 17 Section 2.7 Loans 17 Section 2.8 Loan Accounts 18 Section 2.9 Interest on ~~Advances 26 SECTION 2.07 Additional~~ Loans 18 Section 2.10 Interest on ~~Eurodollar~~ Overdue Amounts 19 Section 2.11 Alternate Rate ~~Advances 27 SECTION 2.08~~ of Interest ~~Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 19 Section 2.12 Prepayment of ~~Advances 29 SECTION 2.10 Prepayments~~ Loans 19 Section 2.13 Reserve Requirements; Change in Circumstances 20 Section 2.14 Change in Legality 22 Section 2.15 Indemnity 22 Section 2.16 Pro Rata Treatment 23 Section 2.17 Sharing of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Setoffs 23 Section 2.18 Payments 24 Section 2.19 Tax Forms 25 Section 2.20 Calculation of LIBO Rates 25 Section 2.21 Booking Loans 25 Section 2.22 Quotation of Rates 25 ARTICLE III ~~AMOUNT AND TERMS OF~~ LETTERS OF CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the~~ 25 Section 3.1 L/C Commitment 25 Section 3.2 Procedure for Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit 26 Section 3.3 Fees ~~34 SECTION 3.07 Indemnification; Nature~~ and Other Charges 26 Section 3.4 L/C Participations 26 Section 3.5 Reimbursement Obligation of the ~~Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Company 27 Section 3.6 Obligations Absolute 28 Section 3.7 Letter of Credit ~~38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ Payments 28 Section 3.8 Applications 28 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING ~~SECTION 5.01~~ 28 Section 4.1 Conditions Precedent ~~to Effectiveness of this Agreement 49 SECTION 5.02~~ 28 Section 4.2 Conditions Precedent to Each ~~Advance/~~Committed Borrowing 29 Section 4.3 Conditions Precedent to Each Competitive Borrowing 30 Section 4.4 Conditions Precedent to Each Letter of Credit Issuance 51 30 Section 4.5 Legal Details 30 ARTICLE VI V REPRESENTATIONS AND WARRANTIES 31 Section 5.1 Organization, Authority and Qualifications 31 Section 5.2 Financial Statements 31 Section 5.3 Compliance with Agreement and Laws 31 Section 5.4 Authorization; No Breach; and Valid Agreements 31 Section 5.5 Litigation and Judgments 32 Section 5.6 Ownership of Properties 32 Section 5.7 Taxes 32 Section 5.8 Approvals Required 32 Section 5.9 Business; Status as Air Carrier 32 Section 5.10 ERISA Compliance 32 Section 5.11 Insurance 32 Section 5.12 Purpose of Loan 32 Section 5.13 Investment Company Act 32 Section 5.14 General 33 ARTICLE VI COVENANTS 33 Section 6.1 Performance of Obligations 33 Section 6.2 Compliance with Laws 33 Section 6.3 Maintenance of Existence Licenses and Franchises: Compliance With Agreements 33 Section 6.4 Maintenance of Properties 33 Section 6.5 Maintenance of Books and Records 34 Section 6.6 Inspection 34 Section 6.7 Insurance 34 Section 6.8 Appraisals 34 Section 6.9 Coverage Ratio 34 Section 6.10 Reporting Requirements 34 Section 6.11 Use of Proceeds 35 Section 6.12 Pool Assets 36 Section 6.13 Restrictions on Liens 37 Section 6.14 Mergers and Dissolutions 37 Section 6.15 Assignment 37 ARTICLE VII EVENTS OF DEFAULT; REMEDIES 37 Section 7.1 Events of Default 37 Section 7.2 Remedies Upon Default 39 Section 7.3 Remedies in General 39 ARTICLE VIII THE AGENTS 40 Section 8.1 Authorization and Action 40 Section 8.2 Agents' Reliance, Etc. 40 Section 8.3 Rights of Agents as Banks 40 Section 8.4 Bank Credit Decision 41 Section 8.5 Agents' Indemnity 41 Section 8.6 Successor Administrative Agent 41 Section 8.7 Notice of Default 42 Section 8.8 Documentation Agents and Syndication Agent 42 ARTICLE IX MISCELLANEOUS 42 Section 9.1 Amendments, Etc 42 Section 9.2 Notices, Etc. 43 Section 9.3 No Waiver; Remedies 43 Section 9.4 Costs, Expenses and Taxes 44 Section 9.5 Indemnity 44 Section 9.6 Right of Setoff 44 SECTION ~~6.01~~ 9.7 GOVERNING LAW 44 Section 9.8 Submission To Jurisdiction; Waivers 45 Section 9.9 Survival of Representations and Warranties 45 Section 9.10 Binding Effect 45 Section 9.11 Successors and Assigns; Participations 45 Section 9.12 Independence of Covenants 48 Section 9.13 Severability 48 Section 9.14 Integration 48 Section 9.15 Descriptive Headings 48 Section 9.16 Execution in Counterparts 48 Section 9.17 WAIVERS OF JURY TRIAL 48 SCHEDULES Location of Lending Office; Notice Information Schedule I Pool Assets Schedule II EXHIBITS Form of Competitive Bid Request Exhibit A-1 Form of Notice of Committed Borrowing Exhibit A-2 Form of Notice to Banks of Competitive Bid Request Exhibit B Form of Competitive Bid Exhibit C Form of Competitive Note Exhibit D-1 Form of Committed Note Exhibit D-2 Form of Company's Internal Counsel Opinion Exhibit E-1 Form of Company's Outside Counsel Opinion Exhibit E-2 Form of Agents' Counsel Opinion Exhibit E-3 Form of Financial Report Certificate Exhibit F Form of Assignment and Acceptance Exhibit G Form of Appraisal Exhibit H COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT, dated as of April 20, 2004, among SOUTHWEST AIRLINES CO. (the "Company"), the Banks, JPMORGAN CHASE BANK, as administrative agent for the Banks (in such capacity, the "Administrative Agent"), CITICORP USA INC., as syndication agent for the Banks (in such capacity, the "Syndication Agent"), and BARCLAYS BANK PLC, SUNTRUST BANK and UBS AG, STAMFORD BRANCH as documentation agents for the Banks (collectively, in such capacity, the "Documentation Agents"). The Company has requested the Banks to extend credit to the Company in order to enable it to borrow on a revolving credit basis and to obtain letters of credit on and after the Effective Date and at any time and from time to time prior to the Termination Date (each as herein defined) in an aggregate principal amount not in excess of $575,000,000 at any time outstanding. The Company has also requested the Banks to provide a procedure pursuant to which the Company may designate that all of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTBanks be invited to bid on an uncommitted basis on borrowings by the Company scheduled to mature on or prior to the Termination Date. The Banks are willing to extend such credit to the Company on the terms and conditions herein set forth. Accordingly, the Company, the Agents, and the Banks agree as follows:

Appears in 1 contract

Samples: Competitive Advance and Revolving Credit Facility Agreement (Southwest Airlines Co)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 19 1.03 Accounting Terms 18 19 1.04 Rounding 19 1.05 Times of Day 19 1.06 Letter of Credit Amounts 19 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 20 2.01 ~~The Advances 19 SECTION~~ Revolving Loans; Term Loans 20 2.02 ~~Making the Advances 19 SECTION~~ Revolving and Term Borrowings, Conversions and Continuations 20 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 21 2.04 Swing Line Loans 27 2.05 Prepayments 29 2.06 Termination or Reduction of Revolving Commitments 29 2.07 Repayment of Loans 30 2.08 Interest 31 ~~SECTION~~ 2.09 Fees 31 2.10 Computation of Interest and Fees 31 2.11 Evidence of Debt 32 2.13 Payments Generally; Agent’s Clawback 32 2.14 Sharing of Payments 33 2.15 Additional Term Commitments 34 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 35 3.01 Taxes 35 3.02 ~~Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION~~ Illegality 36 3.03 ~~Issuing the Letters of Credit 32 SECTION~~ Inability to Determine Rates 36 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 ~~SECTION 3.09 Uniform Customs~~ 3.05 Compensation for Losses 37 3.06 Mitigation Obligations 38 3.07 Survival 38 ARTICLE IV. GUARANTY 38 4.01 Guaranty 38 4.02 Guaranty to be Absolute 38 4.03 Authorized Action 38 4.04 Guarantors’ Waivers 39 4.05 Waivers of Subrogation and ~~Practice 37 SECTION 3.10 Reductions~~ Other Rights 39 4.05 Right to Non-judicially Foreclose 39 4.06 Revival and ~~Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Reinstatement 40 4.07 Information Regarding Borrower 41 4.08 Subordination 41 4.09 Additional and Independent Obligations 41 ARTICLE V. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 41 5.01 Conditions of Initial Credit ~~38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications~~Extension 41 5.02 Conditions to all Credit Extensions 42 ARTICLE VI. REPRESENTATIONS AND WARRANTIES 43 6.01 Financial Condition; ~~Survival~~ No Change 43 6.02 Corporate Existence; Power; Etc. 43 6.03 Authorization; No Contravention 43 6.04 Binding Effect 44 6.05 Governmental Authorization; Other Consents 44 6.06 Litigation 44 6.07 Taxes 44 6.08 Margin Regulations; Investment Company Act 44 6.09 Subsidiaries 44 6.10 ERISA Compliance 44 6.11 Ownership of ~~Provisions~~Property; ~~Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments~~Liens 45 6.12 No Default 45 6.13 Insurance 45 6.14 Disclosure 45 6.15 Compliance with Laws 45 6.16 Environmental Compliance 46 6.17 Security Documents 46 6.19 Intellectual Property; Licenses, Etc. 46 ~~SECTION 4.04 Evidence~~ ARTICLE VII. AFFIRMATIVE COVENANTS 46 7.01 Financial Statements 46 7.02 Certificates; Other Information 47 7.03 Payment of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ Indebtedness 48 7.04 Maintenance of ~~this Agreement~~ Existence and Properties 48 7.05 Inspection of Property; Books and Records; Discussions 48 7.06 Notices 48 7.07 Maintenance of Insurance 49 ~~SECTION 5.02 Conditions Precedent to Each Advance/Issuance~~ 7.08 Environmental Compliance 49 7.09 ERISA 49 7.10 Permitted Xxxxxx 50 7.11 Payment of Obligations 50 7.12 Compliance with Laws 50 7.13 Books and Records 50 7.14 Use of Proceeds 51 7.15 Collateral; Guarantors 51 ARTICLE ~~VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties~~ VIII. NEGATIVE COVENANTS 51 8.01 Liens 51 8.02 Investments 52 8.03 Funded Debt 52 8.04 Fundamental Changes 52 8.05 Acquisitions 52 8.06 Investments; Advances 53 8.07 Dispositions 53 8.08 Change in Nature of ~~the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Business 53 8.09 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events~~ 53 8.10 Capital Expenditures 54 8.11 Hedge Agreements 54 8.12 Transactions with Affiliates; Creation of ~~Default 60 ARTICLE IX THE AGENT~~Subsidiaries 54 8.13 Burdensome Agreements 54 8.14 Use of Proceeds 54

Appears in 1 contract

Samples: Credit Agreement (American Vanguard Corp)

Appears in 1 contract

Samples: Assignment and Assumption (Parker Drilling Co /De/)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1. Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2. Computation of Time Periods ~~18 SECTION 1.03~~ 43 Section 1.3. Accounting ~~Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ Terms; Changes in GAAP 43 Section 1.4. Classes and ~~Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment~~ Types of Advances ~~26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 43 Section 1.5. Miscellaneous 43 Section 1.6. Foreign Currency 44 Section 1.7. Pro Forma Calculations 45 Section 1.8. Non-Business Day Payments and Performance 45 Section 1.9. Several Obligations of ~~Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary~~ Borrowers 31 46 ARTICLE ~~III AMOUNT AND TERMS OF LETTERS OF~~ 2 CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01~~ FACILITIES 46 Section 2.1. US and Canadian Commitments 46 Section 2.2. Letters of Credit ~~31 SECTION 3.02 Limitation on~~ 48 Section 2.3. Swing Line Advances 55 Section 2.4. Advances 57 Section 2.5. Prepayments 61 Section 2.6. Repayment 63 Section 2.7. Fees 63 Section 2.8. Interest 64 Section 2.9. Illegality 65 Section 2.10. Breakage Costs 66 Section 2.11. Increased Costs 67 Section 2.12. Payments and Computations 68 Section 2.13. Taxes 71 Section 2.14. Replacement of Lenders 74 Section 2.15. Defaulting Lenders 75 Section 2.16. Cash Collateral 78 Section 2.17. Increase in Commitments 79 Section 2.18. Bankers’ Acceptances 81 ARTICLE 3 CONDITIONS 83 Section 3.1. Conditions Precedent to the ~~Issuance~~ Effectiveness of this Agreement 83 Section 3.2. Conditions Precedent to Each Borrowing and to Each Issuance, Extension or Renewal of a Letter of Credit 85 Section 3.3. Determinations under Sections 3.1 and 3.2 87 ARTICLE 4 REPRESENTATIONS AND WARRANTIES 87 Section 4.1. Organization 87 Section 4.2. Authorization 87 Section 4.3. Enforceability 88 Section 4.4. Financial Condition 88 Section 4.5. Ownership and Liens; Real Property 88 Section 4.6. True and Complete Disclosure 88 Section 4.7. Litigation 89 Section 4.8. Compliance with Agreements 89 Section 4.9. Pension Plans 89 Section 4.10. Environmental Condition 89 Section 4.11. Subsidiaries 90 Section 4.12. Investment Company Act 90 Section 4.13. Taxes 90 Section 4.14. Permits, Licenses, etc 91 Section 4.15. Regulations T, U and X 91 Section 4.16. Insurance 91 Section 4.17. Security Interest 91 Section 4.18. Solvency 91 Section 4.19. OFAC; Anti-Terrorism 91 ARTICLE 5 AFFIRMATIVE COVENANTS 92 Section 5.1. Organization 92 Section 5.2. Reporting 92 Section 5.3. Insurance 97 Section 5.4. Compliance with Laws 98 Section 5.5. Taxes 99 Section 5.6. New Subsidiaries; Security 99 Section 5.7. Deposit Accounts/Securities/Commodities Accounts 100 Section 5.8. Records; Inspection 101 Section 5.9. Maintenance of Property 101 Section 5.10. Further Assurances 101 Section 5.11. Designations with Respect to Subsidiaries 101 Section 5.12. Use of Proceeds; Use of Letters of Credit ~~Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters~~ 103 Section 5.15. Appraisals; Field Exams 103 ARTICLE 6 NEGATIVE COVENANTS 105 Section 6.1. Debt 105 Section 6.2. Liens 107 Section 6.3. Investments 109 Section 6.4. Acquisitions 111 Section 6.5. Agreements Restricting Liens 111 Section 6.6. Corporate Actions; Organizational Documents; Fiscal Year 112 Section 6.7. Disposition of ~~Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter~~ Assets 114 Section 6.8. Restricted Payments 115 Section 6.9. Affiliate Transactions 116 Section 6.10. Line of ~~Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs~~ Business 116 Section 6.11. Sale and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETCLeaseback Transactions 117 Section 6.12. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc~~Operating Leases 117 Section 6.13. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Limitation on Hedging 117 Section 6.14. Landlord Agreements 117 Section 6.15. Reserved 118 Section 6.16. Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 118 Section 6.17. Capital Expenditures 119 Section 6.18. Prepayment of Certain Debt and Other Obligations 119 ARTICLE ~~VIII EVENTS OF~~ 7 DEFAULT ~~SECTION 8.01~~ AND REMEDIES 119 Section 7.1. Events of Default 60 119 Section 7.2. Optional Acceleration of Maturity 121 Section 7.3. Automatic Acceleration of Maturity 122 Section 7.4. Set-off 122 Section 7.5. Remedies Cumulative, No Waiver 122 Section 7.6. Application of Payments 123 Section 7.7. Equity Right to Cure 124 Section 7.8. Currency Conversion After Maturity 126 ARTICLE IX 8 THE ~~AGENT~~ADMINISTRATIVE AGENTS 126 Section 8.1. Appointment, Powers, and Immunities 126 Section 8.2. Reliance by Administrative Agent 128 Section 8.3. Delegation of Duties 128 Section 8.4. Indemnification 128 Section 8.5. Non-Reliance on Administrative Agent and Other Lenders 130 Section 8.6. Resignation of Administrative Agent, Issuing Lender or Swing Line Lender 130 Section 8.7. Collateral Matters 132 Section 8.8. No Other Duties, Etc 133 Section 8.10. Credit Bidding 133 ARTICLE 9 MISCELLANEOUS 134 Section 9.1. Costs and Expenses 134 Section 9.2. Indemnification; Waiver of Damages 135 Section 9.3. Waivers and Amendments 137 Section 9.4. Severability 138 Section 9.5. Survival of Representations and Obligations 139 Section 9.6. Binding Effect 139 Section 9.7. Lender Assignments and Participations 139 Section 9.8. Confidentiality 143 Section 9.9. Notices, Etc 144 Section 9.10. Usury Not Intended 145 Section 9.11. Usury Recapture 146 Section 9.12. Payments Set Aside 146 Section 9.13. Governing Law 147 Section 9.14. Submission to Jurisdiction; Waiver of Venue; Appointment of Agent for Service of Process 147 Section 9.15. Execution in Counterparts 148 Section 9.16. Electronic Execution of Assignments 148 Section 9.17. Waiver of Jury 148 Section 9.18. USA Patriot Act 148 Section 9.19. Conflicts with Other Credit Documents 148 Section 9.20. Judgment Currency 149 Section 9.21. Subordination Agreements 149 Section 9.22. Confirmation of Flood Policies and Procedures 149 Section 9.23. Keepwell 149 Section 9.24. No Fiduciary Duty 000 Xxxxxxx 9.25. Cashless Settlement 150 Section 9.26. Amendment and Restatement 150 Section 9.27. Acknowledgement and Consent to Bail-In of EEA Financial Institutions 151 Section 9.28. Integration 151 EXHIBITS: Exhibit A – Form of Assignment and Acceptance Exhibit B – Form of Compliance Certificate Exhibit C – Form of Guaranty Agreement Exhibit D-1 – Form of US Note Exhibit D-2 – Form of Canadian Note Exhibit D-3 – Form of Swing Line Note Exhibit E-1 – Form of Notice of US Borrowing Exhibit E-2 – Form of Notice of Canadian Borrowing Exhibit F – Form of Notice of Continuation or Conversion Exhibit G – Form of Notice of Optional Payment Exhibit H-1 – Form of US Pledge and Security Agreement Exhibit H-2 – Form of Canadian Security Agreement Exhibit I-1-I-4 – Forms of US Tax Compliance Certificates Exhibit J – Form of Solvency Certificate Exhibit K – Form of Asset Coverage Certificate SCHEDULES: Schedule I – Pricing Schedule Schedule II – Commitments Schedule III – Contact Information

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 31 Section 1.03 Accounting Terms 18 32 Section 1.04 Petroleum Terms 32 Section 1.05 Rounding 33 Section 1.06 Times of Day 33 Section 1.07 Letter of Credit Amounts 33 Section 1.08 Available Amount Transactions 33 Section 1.09 Pro Forma Compliance Calculations 33 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS Section 2.01 ~~The Advances 19 SECTION~~ Committed Loans 33 Section 2.02 ~~Making the Advances 19 SECTION~~ Committed Borrowings, Conversions and Continuations of Committed Loans 33 Section 2.03 ~~Fees 22 SECTION~~ Letters of Credit 35 Section 2.04 [Reserved] 42 Section 2.05 Borrowing Base 42 Section 2.06 Prepayments 45 Section 2.07 Termination or Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Commitments 46 Section 2.08 Repayment of ~~Advances 26 SECTION 2.06~~ Loans 47 Section 2.09 Interest ~~on Advances 26 SECTION 2.07 Additional~~ 47 Section 2.10 Fees 48 Section 2.11 Computation of Interest and Fees 48 Section 2.12 Evidence of Debt 48 Section 2.13 Payments Generally; Administrative Agent’s Clawback 49 Section 2.14 Sharing of Payments by Lenders 50 Section 2.15 Defaulting Lenders 51 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY Section 3.01 Taxes 53 Section 3.02 Illegality 55 Section 3.03 Inability to Determine Rates 56 Section 3.04 Increased Costs; Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 56 Section 3.05 Compensation for Losses 57 Section 3.06 Mitigation Obligations; Replacement of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders ~~33 SECTION 3.06 Letter of Credit Fees 34 SECTION~~ 58 Section 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 58 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION~~ CONDITIONS PRECEDENT TO CREDIT EXTENSIONS Section 4.01 ~~Payments and Computations 40 SECTION~~ Conditions to Existing Credit Agreement 58 Section 4.02 ~~Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Conditions to All Credit Extensions 61 ARTICLE V ~~CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI~~ REPRESENTATIONS AND WARRANTIES ~~SECTION~~ Section 5.01 Existence, Qualification and Power 62 Section 5.02 Authorization; No Contravention 62 Section 5.03 Governmental Authorization; Other Consents 62 Section 5.04 Binding Effect 63 Section 5.05 Financial Statements; No Material Adverse Effect 63 Section 5.06 Litigation 63 Section 5.07 No Default 64 Section 5.08 Ownership of Property; Liens 64 Section 5.09 Environmental Compliance 64 Section 5.10 Insurance 64 Section 5.11 Taxes 65 Section 5.12 ERISA Compliance 65 Section 5.13 Subsidiaries; Equity Interests; Loan Parties 65 Section 5.14 Margin Regulations; Investment Company Act 65 Section 5.15 Disclosure 66 Section 5.16 Compliance with Laws 66 Section 5.17 Solvency 66 Section 5.18 Casualty, Etc 66 Section 5.19 Labor Matters 66 Section 5.20 Collateral Documents 66 Section 5.21 Engineered Oil and Gas Properties 67 Section 5.22 Sale of Production 67 Section 5.23 OFAC 69 Section 5.24 Anti-Corruption Laws 69 Section 5.25 PATRIOT Act 69 ARTICLE VI AFFIRMATIVE COVENANTS Section 6.01 ~~Representations~~ Financial Statements 69 Section 6.02 Certificates; Other Information 71 Section 6.03 Notices 72 Section 6.04 Payment of Obligations 73 Section 6.05 Preservation of Existence, Etc 73 Section 6.06 Maintenance of Properties 73 Section 6.07 Maintenance of Insurance 73 Section 6.08 Compliance with Laws 74 Section 6.09 Books and ~~Warranties~~ Records 74 Section 6.10 Inspection Rights 74 Section 6.11 Use of ~~the Borrower 51~~ Proceeds 74 Section 6.12 Covenant to Guarantee Obligations and Give Security 74 Section 6.13 Compliance with Environmental Laws 76 Section 6.14 Further Assurances 76 Section 6.15 Production Proceeds 76 Section 6.16 Anti-Corruption, Anti-Terrorism and Anti-Money Laundering Laws 77 Section 6.17 Post-Closing Changes 77 Section 6.18 Accounts 77 ARTICLE VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ Section 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 78 Section 7.02 ~~Negative Covenants 55 SECTION~~ Investments 80 Section 7.03 Indebtedness 82 Section 7.04 Fundamental Changes 84 Section 7.05 Dispositions 84 Section 7.06 Restricted Payments 86 Section 7.07 Change in Nature of Business 87 Section 7.08 Transactions with Affiliates 87 Section 7.09 Burdensome Agreements 87 Section 7.10 Use of Proceeds 87 Section 7.11 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 87 Section 7.12 Hedge Transactions 88 Section 7.13 Sanctions 88 Section 7.14 Anti-Corruption Laws 89 Section 7.15 Prepayment of Restricted Debt 89 ARTICLE VIII EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES Section 8.01 Events of Default 60 89 Section 8.02 Remedies Upon Event of Default 91 Section 8.03 Application of Funds 92 ARTICLE IX ~~THE AGENT~~ADMINISTRATIVE AGENT Section 9.01 Appointment and Authority 93 Section 9.02 Rights as a Lender 93 Section 9.03 Exculpatory Provisions 93 Section 9.04 Reliance by Administrative Agent 94 Section 9.05 Delegation of Duties 94 Section 9.06 Resignation of Administrative Agent 94 Section 9.07 Non-Reliance on Administrative Agent and Other Lenders 95 Section 9.08 No Other Duties, Etc 95 Section 9.09 Administrative Agent May File Proofs of Claim 96 Section 9.10 Collateral and Guaranty Matters 96 Section 9.11 Flood Insurance 97 Section 9.12 Intercreditor Agreements 97 ARTICLE X MISCELLANEOUS Section 10.01 Amendments, Etc 98 Section 10.02 Notices; Effectiveness; Electronic Communication 99 Section 10.03 No Waiver; Cumulative Remedies 101 Section 10.04 Expenses; Indemnity; Damage Waiver 101 Section 10.05 Payments Set Aside 103 Section 10.06 Successors and Assigns 103 Section 10.07 Treatment of Certain Information; Confidentiality 107 Section 10.08 Right of Setoff 108 Section 10.09 Interest Rate Limitation 108 Section 10.10 Counterparts; Integration; Effectiveness 109 Section 10.11 Survival of Representations and Warranties 109 Section 10.12 Severability 109 Section 10.13 Replacement of Lenders 109 Section 10.14 Governing Law; Jurisdiction; Etc 110 Section 10.15 Waiver of Jury Trial 111 Section 10.16 No Advisory or Fiduciary Responsibility 111 Section 10.17 USA PATRIOT Act Notice 112 Section 10.18 Electronic Execution of Assignments and Certain Other Documents 112 Section 10.19 Amendment and Restatement 112 Section 10.20 Keepwell 112 Schedules and Exhibits Schedule 2.01 Commitments and Applicable Percentages Schedule 5.03 Governmental Authorizations Schedule 5.06 Litigation Schedule 5.09 Environmental Matters Schedule 5.13 Subsidiaries, Other Equity Investments and Loan Party Information Schedule 5.22 Sale of Production Schedule 7.01 Existing Liens Schedule 7.02 Existing Investments Schedule 7.03 Existing Indebtedness Schedule 10.02 Administrative Agent’s Office; Certain Addresses for Notices Exhibit A Form of Committed Loan Notice Exhibit B Form of Prepayment Notice Exhibit C Form of Note Exhibit D Form of Compliance Certificate Exhibit E Form of Assignment and Assumption Exhibit F Form of Solvency Certificate Exhibit G Form of Guaranty Exhibit H Form of Mortgage Exhibit I Form of Security Agreement Exhibit J Form of Convertible Notes Intercreditor Agreement AMENDED AND RESTATED CREDIT AGREEMENT This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of February 10, 2017 among XXXXXXXXX ENERGY, INC., a Delaware corporation (the “Borrower”), each LENDER from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”) and ROYAL BANK OF CANADA., as Administrative Agent and an L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Definitions and Accounting Terms. ~~SECTION 1.01~~ Section 1.01. Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.02. Computation of Time Periods ~~18 SECTION 1.03~~ 12 Section 1.03. Accounting Terms ~~18 ARTICLE~~ 12 Section 1.04. Terms Generally 12 Section 1.05. Divisions 13 Article II AMOUNTS AND TERMS OF THE ADVANCES ~~SECTION 2.01~~ Section 2.01. The Advances ~~19 SECTION 2.02~~ 13 Section 2.02. Making the Advances ~~19 SECTION 2.03~~ 13 Section 2.03. Fees ~~22 SECTION 2.04~~ 14 Section 2.04. Termination or Reduction ~~and Increase~~ of the ~~Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Commitments 14 Section 2.05. Repayment ~~of Advances 26 SECTION 2.06~~ 14 Section 2.06. Interest ~~on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08~~ 14 Section 2.07. Interest Rate Determination ~~27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10~~ 15 Section 2.08. Benchmark Replacement Setting 15 Section 2.09. Prepayments ~~of Advances 29 SECTION 2.11~~ 20 Section 2.10. Increased Costs ~~29 SECTION 2.12~~ 21 Section 2.11. Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC22 Section 2.12. ~~SECTION 4.01~~ Payments and Computations ~~40 SECTION 4.02~~ 22 Section 2.13. Taxes ~~42 SECTION 4.03~~ 23 Section 2.14. Sharing of Payments, Etc. ~~46 SECTION 4.04~~ 26 Section 2.15. Evidence of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V~~ Debt 26 Section 2.16. Mitigation Obligations; Replacement of Lenders 27 Section 2.17. Defaulting Lenders 28 Section 2.18. Extension of Termination Date 29 Section 2.19. Increase in the Aggregate Commitments 30 Article III CONDITIONS OF TO EFFECTIVENESS AND LENDING ~~SECTION 5.01~~ Section 3.01. Conditions Precedent to Effectiveness of ~~this Agreement 49 SECTION 5.02~~ Section 2.01 31 Section 3.02. Conditions Precedent to Each ~~Advance/Issuance 51 ARTICLE VI~~ Borrowing 32 Section 3.03. Conditions to Initial Borrowing by a Designated Borrower 33 Section 3.04. Conditions to Extension of Termination Date 33 Section 3.05. Conditions to Effectiveness of Increase 33 Article IV REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01~~ Section 4.01. Representations and Warranties of the ~~Borrower 51 ARTICLE VII~~ Borrowers 34 Article V COVENANTS OF THE ~~BORROWER SECTION 7.01~~ BORROWERS Section 5.01. Affirmative Covenants ~~54 SECTION 7.02~~ 37 Section 5.02. Negative Covenants ~~55 SECTION 7.03~~ 40 Section 5.03. Financial ~~Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Covenant 43 Page

Appears in 1 contract

Samples: Credit Agreement (Mirae Asset Discovery Funds)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 33 1.03 Accounting Terms ~~18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase~~ 34 1.04 Rounding 35 1.05 Times of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Day 35 1.06 Letter of Credit ~~Fees 34 SECTION 3.07 Indemnification; Nature~~ Amounts 35 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS 35 2.01 Loans 35 2.02 Borrowings, Conversions and Continuations of ~~the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs~~ Loans 36 ~~SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing~~ 2.03 Letters of Credit 38 ~~SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications~~2.04 Swing Line Loans 47 2.05 Prepayments 51 2.06 Termination or Reduction of Commitments 53 2.07 Repayment of Loans 54 2.08 Interest 55 2.09 Fees 56 2.10 Computation of Interest and Fees 56 2.11 Evidence of Debt 57 2.12 Payments Generally; ~~Survival~~ Administrative Agent’s Clawback 57 2.13 Sharing of ~~Provisions;~~ Payments by Lenders 59 2.14 Increase in Revolving Credit Commitments 60 2.15 Additional Term Loan Facilities 62 2.16 Cash Collateral ~~40 SECTION 3.15 LC Subsidiaries 40~~ 64 2.17 Defaulting Lenders 65 ARTICLE ~~IV PAYMENTS,~~ III. TAXES, ~~EXTENSIONS, ETC~~YIELD PROTECTION AND ILLEGALITY 68 3.01 Taxes 68 3.02 Illegality 72 3.03 Inability to Determine Rates 73 3.04 Increased Costs; Reserves on Eurodollar Rate Loans 73 3.05 Compensation for Losses 75 3.06 Mitigation Obligations; Replacement of Lenders 75 3.07 Survival 76 ARTICLE IV. ~~SECTION~~ CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 76 4.01 ~~Payments~~ Conditions to Closing Date and ~~Computations 40 SECTION~~ Initial Borrowing 76 4.02 ~~Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Conditions to all Credit Extensions 79 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI~~ V. REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 80 5.01 Existence, Qualification and ~~Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Power 80 5.02 Authorization; No Contravention 80 5.03 Governmental Authorization; Other Consents 80 5.04 Binding Effect 81 5.05 Financial ~~Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of~~ Statements; No Material Adverse Effect 81 5.06 Litigation 82 5.07 No Default ~~60 ARTICLE IX THE AGENT~~82

Appears in 1 contract

Samples: Credit Agreement (Engility Holdings, Inc.)

Appears in 1 contract

Samples: Term Loan Credit Agreement (MKS Instruments Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.1 Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Use of Defined Terms 31 Section 1.3 Cross-References 31 Section 1.4 Accounting and Financial Determinations 31 Section 1.5 Exchange Rates; Currency Equivalents 32 Section 1.6 Redenomination of Certain Foreign Currencies and 32 Computation of ~~Time Periods 18 SECTION 1.03 Accounting~~ Dollar Amounts Section 1.7 American Legal Terms 18 33 ARTICLE II ~~AMOUNTS~~ COMMITMENTS, BORROWING AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT ISSUANCE PROCEDURES, NOTES AND ~~TERMS OF~~ LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations Section 2.1 Commitments 33 ~~SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature~~ Section 2.2 Reduction of the ~~Issuing Banks’ Duties~~ Commitment Amounts 34 Section 2.3 Borrowing Procedures 35 ~~SECTION 3.08 Increased Costs~~ Section 2.4 Continuation and Conversion Elections 36 ~~SECTION 3.09 Uniform Customs~~ Section 2.5 Alternate Currency Loans 37 Section 2.6 Funding 38 Section 2.7 Issuance Procedures 38 Section 2.8 Registers; Notes 41 Section 2.9 Designated Borrowers 42 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1 Repayments and ~~Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency~~ Prepayments; Application 43 Section 3.2 Interest Provisions ~~38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 47 Section 3.3 Fees 48 ARTICLE IV ~~PAYMENTS~~CERTAIN LIBO RATE AND OTHER PROVISIONS Section 4.1 LIBO Rate Lending Unlawful 50 Section 4.2 Deposits Unavailable 50 Section 4.3 Increased LIBO Rate Loan Costs, ~~TAXES~~etc 50 Section 4.4 Funding Losses 51 Section 4.5 Increased Capital Costs 51 Section 4.6 Taxes 51 Section 4.7 Payments, ~~EXTENSIONS~~Computations; Proceeds of Collateral, ~~ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03~~ etc 53 Section 4.8 Sharing of ~~Payments, Etc. 46 SECTION 4.04 Evidence~~ Payments 55 Section 4.9 Setoff 55 Section 4.10 Removal of ~~Debt/Borrowings 46 SECTION 4.05 Borrower~~ Lenders 56 Section 4.11 Guaranty 47 by Borrowers 57 ARTICLE V CONDITIONS ~~OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ TO CREDIT EXTENSIONS Section 5.1 Initial Credit Extension 59 Section 5.2 All Credit Extensions 63 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTWARRANTIES

Appears in 1 contract

Samples: Credit Agreement (Ferro Corp)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 13 1.03 Accounting Terms 18 14 1.04 INTENTIONALLY OMITTED 14 1.05 Times of Day 14 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 14 2.01 ~~The Advances 19 SECTION~~ Loans 14 2.02 ~~Making the Advances 19 SECTION~~ INTENTIONALLY OMITTED 15 2.03 ~~Fees 22 SECTION~~ INTENTIONALLY OMITTED 15 2.04 ~~Reduction and Increase of the Commitments~~INTENTIONALLY OMITTED 15 2.05 INTENTIONALLY OMITTED 15 2.06 INTENTIONALLY OMITTED 15 2.07 INTENTIONALLY OMITTED 15 2.08 INTENTIONALLY OMITTED 15 2.09 Prepayments 16 2.10 Mandatory Prepayment 16 2.11 INTENTIONALLY OMITTED 17 2.12 INTENTIONALLY OMITTED 17 2.13 Interest; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Repayment of ~~Advances 26 SECTION 2.06~~ Loans 17 2.14 INTENTIONALLY OMITTED 18 2.15 Fees 18 2.16 Computation of Interest ~~on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ and Fees 18 2.17 Evidence of ~~Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11~~ Debt 19 2.18 Payments Generally 19 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 19 3.01 Taxes 19 3.02 INTENTIONALLY OMITTED 20 3.03 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 20 3.04 ~~Reimbursement Obligations 33 SECTION~~ INTENTIONALLY OMITTED 21 3.05 ~~Participations Purchased by the Lenders 33 SECTION~~ INTENTIONALLY OMITTED 21 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 21 ARTICLE IV ~~PAYMENTS~~CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 21 4.01 Conditions of Initial Credit Extension 21 4.02 Conditions to all Credit Extensions 25 4.03 INTENTIONALLY OMITTED 25 4.04 Conditions of Loans 25 ARTICLE V REPRESENTATIONS AND WARRANTIES 27 5.01 Existence, ~~TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments~~ Qualification and ~~Computations 40 SECTION 4.02~~ Power; Compliance with Laws 27 5.02 Authorization; No Contravention 27 5.03 Governmental Authorization; Other Consents 27 5.04 Binding Effect 28 5.05 Financial Statements; No Material Adverse Effect 28 5.06 Litigation 28 5.07 No Default 28 5.08 Ownership of Property; Liens 29 5.09 Insurance 29 5.10 Taxes ~~42 SECTION 4.03 Sharing of Payments~~29 5.11 ERISA Compliance 29 5.12 Subsidiaries 30 5.13 Margin Regulations; Investment Company Act; Public Utility Holding Company Act 30 5.14 Disclosure 30 5.15 Compliance with Laws 30 5.16 Intellectual Property; Licenses, Etc. ~~46 SECTION 4.04 Evidence~~ 31 5.17 Rights in Collateral; Priority of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ Liens 31 5.18 INTENTIONALLY OMITTED 31 5.19 Patriot Act, Etc. 31 5.20 Business Interruptions 31 5.21 Acquisitions, Names and Organization Numbers 31 5.22 Solvency 32 5.23 Common Enterprise 32 5.24 Senior Financing 33 5.25 MELF Financing 33 5.26 Location of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ Collateral 33 ARTICLE VI ~~REPRESENTATIONS AND WARRANTIES SECTION~~ AFFIRMATIVE COVENANTS 33 6.01 ~~Representations~~ Financial Statements 33 6.02 Certificates; Other Information 34 6.03 Notices 35 6.04 Payment of Obligation 35 6.05 Preservation of Existence, Etc. 35 6.06 Maintenance of Properties 35 6.07 Maintenance of Insurance 36 6.08 Compliance with Contractual Obligations and ~~Warranties~~ Laws 36 6.09 Books and Records 36 6.10 Inspection Rights 37 6.11 Use of ~~the Borrower 51~~ Proceeds 37 6.12 Employment Objective 37 6.13 Guarantor 37 6.14 Collateral Records 37 6.15 Security Interests 37 6.16 ERISA Matters 38 6.17 INTENTIONALLY OMITTED 38 6.18 Prevailing Wages and Applicable Law related to Funding Sources 38 6.19 Affiliate Indebtedness 38 6.20 Additional Documents and Future Actions 38 6.21 City of Philadelphia Code 38 6.22 Senior Financing 38 6.23 MELF Financing 39 6.24 RACP Grant 39 ARTICLE VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 39 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 39 7.02 ~~Negative Covenants 55 SECTION~~ INTENTIONALLY OMITTED 40 7.03 ~~Financial Covenants 58 SECTION~~ Indebtedness 40 7.04 ~~Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events~~ Acquisitions 41 7.05 Guarantees 41 7.06 Fundamental Changes 41 7.07 Sublease or Disposition of ~~Default 60 ARTICLE IX THE AGENT~~Navy Yard Property 42 7.08 INTENTIONALLY OMITTED 42 7.09 Change in Nature of Business 42 7.10 INTENTIONALLY OMITTED 42 7.11 Burdensome Agreements 42 7.12 Use of Proceeds 42 7.13 Patriot Act, Etc. 43 7.14 INTENTIONALLY OMITTED 43 7.15 Tax Returns 43 ii

Appears in 1 contract

Samples: Credit Agreement (Tasty Baking Co)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ 1.01. Defined Terms 1 ~~SECTION 1.02~~ 1.02. Other Interpretive Provisions 3545 1.03. Accounting Terms 3547 1.04. Rounding 3647 1.05. Times of Day; Rates 3647 1.06. Currency Equivalents Generally 3647 1.07. Concurrent Fixed/Ratio Basket Usage 48 1.08. Limited Condition Transactions 48 1.09. Cashless Settlement 50 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS 2.01. The Loans 3750 2.02. Borrowings, Conversions and Continuations of Loans 3750 2.03. Prepayments 3851 2.04. Termination of Commitments 4155 2.05. Repayment of Loans. 4155 2.06. Interest 4256 2.07. Fees 4256 2.08. Computation of ~~Time Periods 18 SECTION 1.03 Accounting Terms 18~~ Interest and Fees 4256 2.09. Evidence of Debt 4356 2.10. Payments Generally; Administrative Agent’s Clawback 4357 2.11. Sharing of Payments by Lenders 4458 2.12. Refinancing Amendment 4559 2.13. Incremental Facilities 4660 2.14. Extension of Term Loans 4863 2.15. Defaulting Lenders 5065 ARTICLE ~~II AMOUNTS~~ III TAXES, YIELD PROTECTION AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments~~ILLEGALITY 3.01. Taxes 5166 3.02. Illegality 5570 3.03. Inability to Determine Rates 5571 3.04. Increased Costs; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest~~ Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 5671 3.05. Compensation for Losses 5773 3.06. Mitigation Obligations; Replacement of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; 5873 3.07. Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 5874 3.08. Successor LIBOR 74 ARTICLE IV ~~PAYMENTS~~CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 4.01. Conditions of Initial Credit Extension 5975 4.02. Conditions to All Credit Extensions 6177 ARTICLE V REPRESENTATIONS AND WARRANTIES 5.01. Existence, ~~TAXES, EXTENSIONS, ETC~~Qualification and Power 6278 5.02. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02~~ Authorization; No Contravention 6278 5.03. Governmental Authorization; Other Consents 6279 5.04. Binding Effect 6279 5.05. Financial Statements; No Material Adverse Effect 6379 5.06. Litigation 6380 5.07. No Default 6480 5.08. Ownership of Property; Liens; Investments 6480 5.09. Environmental Compliance 6481 5.10. Insurance 6582 5.11. Taxes ~~42 SECTION 4.03 Sharing of Payments~~6582 5.12. ERISA Compliance. 6682 5.13. Restricted Subsidiaries; Equity Interests; Loan Parties 6683 5.14. Margin Regulations; Investment Company Xxx 0000 5.15. Disclosure 6784 5.16. Compliance with Laws 6784 5.17. Intellectual Property; Licenses, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 6784 5.18. Solvency 6884 5.19. OFAC 6884 5.20. Anti-Corruption Laws 6885 5.21. Money Laundering and Counter-Terrorist Financing Laws 6885 5.22. EEA Financial Institution 85 5.23. ERISA 85 5.24. Beneficial Ownership Certification 85 ARTICLE VI ~~REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations~~ AFFIRMATIVE COVENANTS 6.01. Financial Statements 6885 6.02. Certificates; Other Information 6986 6.03. Notices 7188 6.04. Payment of Obligations 7189 6.05. Preservation of Existence, Etc. 7289 6.06. Maintenance of Properties 7289 6.07. Maintenance of Insurance 7289 6.08. Compliance with Laws 7290 6.09. Books and ~~Warranties~~ Records 7290 6.10. Inspection Rights 7290 6.11. Use of ~~the Borrower 51~~ Proceeds 7390 6.12. Covenant to Guarantee Obligations and Give Security 7390 6.13. Compliance with Environmental Laws 7795 6.14. Further Assurances 7795 6.15. Information Regarding Collateral 7895 6.16. Anti-Corruption Laws and Sanctions 7896 6.17. Maintenance of Ratings 7896 6.18. Designation of Subsidiaries 96 ARTICLE VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58~~ 7.01. Liens 7897 7.02. Indebtedness 82101 7.03. Investments 85109 7.04. Fundamental Changes 87112 7.05. Dispositions 88113 7.06. Dividends 90116 7.07. Change in Nature of Business 91117 7.08. Transactions with Affiliates 91117 7.09. Burdensome Agreements 92118 7.10. Use of Proceeds 93119 7.11. Sanctions 93119 7.12. [Reserved.] Prohibition on Division/Series Transactions 93 119 7.13. Accounting Changes 93119 7.14. Prepayments, Etc. of Indebtedness 93119 7.15. Amendment, Etc. of Indebtedness and Organizational Documents 94121 7.16. Anti-Corruption Laws 95122 ARTICLE VIII EVENTS OF DEFAULT ~~SECTION 8.01~~ AND REMEDIES 8.01. Events of Default 60 95122 8.02. Remedies upon Event of Default 97124 8.03. Application of Funds 98125 ARTICLE IX ~~THE AGENT~~ADMINISTRATIVE AGENT 9.01. Appointment and Authority 98125 9.02. Rights as a Lender 99126 9.03. Exculpatory Provisions 99126 9.04. Reliance by Administrative Agent 100127 9.05. Delegation of Duties 100127 9.06. Resignation of Administrative Agent 100128 9.07. Non-Reliance on Administrative Agent and Other Lenders 101129 9.08. No Other Duties, Etc 102129 9.09. Administrative Agent May File Proofs of Claim; Credit Bidding 102129 9.10. Collateral and Guaranty Matters 103130 9.11. Lender ERISA Representations 131

Appears in 1 contract

Samples: Credit Agreement (Ciena Corp)

Definitions and Accounting Terms. ~~SECTION~~ 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 23 1.03 Accounting Terms 18 24 1.04 Exchange Rates; Currency Equivalents 26 1.05 Additional Alternative Currencies 26 1.06 Change of Currency 27 1.07 Times of Day 27 1.08 Letter of Credit Amounts 27 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 2.01 ~~The Advances 19 SECTION~~ Committed Loans 28 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Committed Loans 28 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 30 2.04 Swing Line Loans 38 2.05 Prepayments 41 2.06 Termination or Reduction of ~~Letters~~ Commitments 42 2.07 Repayment of ~~Credit Denominated~~ Loans 43 2.08 Interest 43 2.09 Fees 44 2.10 Computation of Interest and Fees 44 2.11 Evidence of Debt 45 2.12 Payments Generally; Administrative Agent’s Clawback 45 2.13 Sharing of Payments by Lenders 47 2.14 Increase in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 Commitments 48 ARTICLE ~~IV PAYMENTS,~~ III. TAXES, ~~EXTENSIONS, ETC~~YIELD PROTECTION AND ILLEGALITY 3.01 Taxes 49 3.02 Illegality 51 3.03 Inability to Determine Rates 52 3.04 Increased Costs; Reserves on Eurocurrency Rate Loans 52 3.05 Compensation for Losses 54 3.06 Mitigation Obligations; Replacement of Lenders 55 3.07 Survival 55 ARTICLE IV. ~~SECTION~~ CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 4.01 ~~Payments and Computations 40 SECTION~~ Conditions of Initial Credit Extension 55 4.02 ~~Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Conditions to all Credit Extensions 57 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI~~ V. REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 5.01 Existence, Qualification and Power 58 5.02 Authorization; No Contravention 58 5.03 Governmental Authorization; Other Consents 58 5.04 Binding Effect 58 5.05 Financial Statements; No Material Adverse Effect 59 5.06 Litigation 59 5.07 No Default 60 5.08 Ownership of Property; Liens 60 5.09 Environmental Compliance 60 5.10 Insurance 60 5.11 Taxes 60 5.12 ERISA Compliance 60 5.13 Subsidiaries; Equity Interests 61 5.14 Margin Regulations; Investment Company Act; Public Utility Holding Company Act61 5.15 Copyrights, Patents, Trademarks and Licenses, Etc 61 5.16 Disclosure 62 5.17 Compliance with Laws 62 5.18 Representations as to Foreign Obligors 62 ARTICLE VI. AFFIRMATIVE COVENANTS 6.01 ~~Representations~~ Financial Statements 63 6.02 Certificates; Other Information 64 6.03 Notices 65 6.04 [Intentionally Deleted.] 66 6.05 Preservation of Existence, Etc 66 6.06 Maintenance of Properties 67 6.07 Maintenance of Insurance 67 6.08 Compliance with Laws and ~~Warranties~~ Contractual Obligations 67 6.09 Books and Records 67 6.10 Inspection Rights 67 6.11 Use of ~~the Borrower 51~~ Proceeds 68 6.12 Approvals and Authorizations 68 ARTICLE ~~VII~~ VII. NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 7.01 ~~Affirmative Covenants 54 SECTION~~ Limitation on Liens 68 7.02 Disposition of Assets 70 7.03 Consolidations and Mergers 70 7.04 Loans and Investments 71 7.05 Transactions with Affiliates 72 7.06 Contingent Obligations 72 7.07 Restricted Payments 72 7.08 Maintenance of Business 72 7.09 Minimum Interest Coverage 73 7.10 Maximum Total Indebtedness to Capitalization 73 7.11 Toro, TCC, Manufacturing and Exmark Portion of Sales Revenue 73 7.12 Negative ~~Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58~~ Pledge Clause 73 7.13 Burdensome Contractual Obligation 73 ARTICLE ~~VIII~~ VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 8.01 Events of Default 60 74 8.02 Remedies Upon Event of Default 76 8.03 Application of Funds 77 ARTICLE ~~IX THE AGENT~~IX. ADMINISTRATIVE AGENT 9.01 Appointment and Authority 78 9.02 Rights as a Lender 78 9.03 Exculpatory Provisions 78 9.04 Reliance by Administrative Agent 79 9.05 Delegation of Duties 79 9.06 Resignation of Administrative Agent 80 9.07 Non-Reliance on Administrative Agent and Other Lenders 80 9.08 No Other Duties, Etc 81 9.09 Administrative Agent May File Proofs of Claim 81 ARTICLE X.

Appears in 1 contract

Samples: Credit Agreement (Toro Co)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 Certain Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation~~ Times of ~~Time Periods~~ Day 17 Section 1.03 Terms Generally 17 Section 1.04 Accounting Terms; GAAP 18 ~~SECTION 1.03 Accounting Terms~~ Section 1.05 Potential Adjustment Events 18 Section 1.06 Currency Translation 18 ARTICLE ~~II AMOUNTS AND TERMS OF THE ADVANCES SECTION~~ 2. Amounts and Terms of the Advance Section 2.01 The ~~Advances~~ Advance 18 Section 2.02 Request for the Advance 18 Section 2.03 Funding of Borrowings 18 Section 2.04 Termination of Commitment 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION Section 2.05 Repayment of ~~Advances 26 SECTION~~ the Advance 19 Section 2.06 Interest ~~on Advances 26 SECTION~~ 19 Section 2.07 ~~Additional Interest on Eurodollar Rate Advances 27 SECTION~~ [Reserved] 19 Section 2.08 ~~Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10~~ Prepayments of ~~Advances 29 SECTION 2.11~~ the Advance; Collateral Administration 20 Section 2.09 Increased Costs ~~29 SECTION~~ 20 Section 2.10 Taxes 21 Section 2.11 Illegality 24 Section 2.12 ~~Illegality 30 SECTION~~ Evidence of Debt; Note 24 Section 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations ~~40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc~~24 ARTICLE 3. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties Section 3.01 Organization; Powers 25 Section 3.02 Authorization; Enforceability 25 Section 3.03 Governmental Approvals; No Conflicts 25 Section 3.04 Financial Condition; No Material Adverse Change 25 Section 3.05 Litigation Matters 26 Section 3.06 Compliance with Laws, Organization Documents and Agreements 26 Section 3.07 Investment Company Status 27 Section 3.08 Taxes 27 Section 3.09 Disclosure 27 Section 3.10 Material Agreements 27 Section 3.11 Solvency 27 Section 3.12 Anti-Corruption Laws; Sanctions 28 Section 3.13 Capitalization and Subsidiaries 28 Section 3.14 Material Nonpublic Information 28 Section 3.15 Restricted Transactions 28 Section 3.16 Insurance 28 Section 3.17 Ownership of ~~the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Property; Ownership of Collateral 28 Section 3.18 EEA Financial ~~Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Institutions 29 Section 3.19 No Registration 29 i

Appears in 1 contract

Samples: Loan Agreement (Marfrig Alimentos S.A.)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.01. Defined Terms 1 ~~SECTION 1.02~~ Section 1.02. Other Interpretive Provisions 32 Section 1.03. Accounting Terms 33 Section 1.04. Petroleum Terms 33 Section 1.05. Rounding 33 Section 1.06. Times of Day 33 Section 1.07. Letter of Credit Amounts 34 ARTICLE 2 THE COMMITMENTS AND CREDIT EXTENSIONS Section 2.01. Committed Loans 34 Section 2.02. Borrowings, Conversions and Continuations of Committed Loans 34 Section 2.03. Letters of Credit 36 Section 2.04. Swing Line Loans 47 Section 2.05. Borrowing Base 51 Section 2.06. Prepayments 54 Section 2.07. Termination or Reduction of Commitments 57 Section 2.08. Repayment of Loans 57 Section 2.09. Interest 57 Section 2.10. Fees 58 Section 2.11. Computation of ~~Time Periods 18 SECTION 1.03 Accounting Terms 18~~ Interest and Fees 59 Section 2.12. Evidence of Debt 59 Section 2.13. Payments Generally; Administrative Agent’s Clawback. 60 Section 2.14. Sharing of Payments by Lenders 62 ARTICLE ~~II AMOUNTS~~ 3 TAXES, YIELD PROTECTION AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments~~ILLEGALITY Section 3.01. Taxes. 63 Section 3.02. Illegality 65 Section 3.03. Inability to Determine Rates 66 Section 3.04. Increased Costs; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest~~ Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 66 Section 3.05. Compensation for Losses 68 Section 3.06. Mitigation Obligations; Replacement of ~~Advances 29 SECTION 2.10 Prepayments~~ Lenders 69 Section 3.07. Survival 69 ARTICLE 4 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS Section 4.01. Effectiveness 70 Section 4.02. Conditions to all Credit Extensions 73 Section 4.03. Agreement to Deliver Mortgages 74 Section 4.04. Agreement to Deliver Title Information 74 ARTICLE 5 REPRESENTATIONS AND WARRANTIES Section 5.01. Existence, Qualification and Power 75 Section 5.02. Authorization; No Contravention 75 Section 5.03. Governmental Authorization; Other Consents 76 Section 5.04. Binding Effect 76 Section 5.05. Financial Statements; No Material Adverse Effect 76 Section 5.06. Litigation 77 Section 5.07. No Default 77 Section 5.08. Ownership of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 IndemnificationProperty; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 ApplicationsLiens 77 Section 5.09. Environmental Compliance 77 Section 5.10. Insurance 78 Section 5.11. Taxes 78 Section 5.12. ERISA Compliance 78 Section 5.13. Subsidiaries; ~~Survival of Provisions~~Equity Interests; ~~Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC~~Loan Parties 79 Section 5.14. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments~~Margin Regulations; Investment Company Act 79 Section 5.15. Disclosure 80 Section 5.16. Compliance with Laws 80 Section 5.17. Solvency 80 Section 5.18. Casualty, Etc. ~~46 SECTION 4.04 Evidence~~ 80 Section 5.19. Labor Matters 81 Section 5.20. Collateral Documents 81 Section 5.21. Engineered Oil and Gas Properties 81 Section 5.22. Sale of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Production 82 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent~~ 6 AFFIRMATIVE COVENANTS Section 6.01. Financial Statements 84 Section 6.02. Certificates; Other Information 86 Section 6.03. Notices 88 Section 6.04. Payment of Obligations 89 Section 6.05. Preservation of Existence, Etc 89 Section 6.06. Maintenance of Properties 89 Section 6.07. Maintenance of Insurance. 90 Section 6.08. Compliance with Laws 90 Section 6.09. Books and Records 90 Section 6.10. Inspection Rights 91 Section 6.11. Use of Proceeds 91 Section 6.12. Covenant to ~~Effectiveness~~ Guarantee Obligations and Give Security 91 Section 6.13. Compliance with Environmental Laws 93 Section 6.14. Further Assurances 93 Section 6.15. Production Proceeds 94 ARTICLE 7 NEGATIVE COVENANTS Section 7.01. Liens 94 Section 7.02. Investments 97 Section 7.03. Indebtedness 98 Section 7.04. Fundamental Changes 101 Section 7.05. Dispositions 102 Section 7.06. Restricted Payments 103 Section 7.07. Change in Nature of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties~~ Business 104 Section 7.08. Transactions with Affiliates 104 Section 7.09. Burdensome Agreements 105 Section 7.10. Use of ~~the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Proceeds 105 Section 7.11. Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 106 Section 7.12. Hedge Transactions 106 ARTICLE ~~VIII~~ 8 EVENTS OF DEFAULT ~~SECTION 8.01~~ AND REMEDIES Section 8.01. Events of Default 60 106 Section 8.02. Remedies Upon Event of Default 109 Section 8.03. Application of Funds 109 ARTICLE ~~IX THE AGENT~~9 ADMINISTRATIVE AGENT Section 9.01. Appointment and Authority 110 Section 9.02. Rights as a Lender 111 Section 9.03. Exculpatory Provisions 111 Section 9.04. Reliance by Administrative Agent 112 Section 9.05. Delegation of Duties 113 Section 9.06. Resignation of Administrative Agent 113 Section 9.07. Non-Reliance on Administrative Agent and Other Lenders 114 Section 9.08. No Other Duties, Etc. 114 Section 9.09. Administrative Agent May File Proofs of Claim 115 Section 9.10. Collateral and Guaranty Matters 115 ARTICLE 10 MISCELLANEOUS

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 Certain Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation~~ Times of ~~Time Periods~~ Day 17 Section 1.03 Terms Generally 18 ~~SECTION 1.03~~ Section 1.04 Accounting Terms; GAAP 18 Section 1.05 Potential Adjustment Events 18 Section 1.06 Currency Translation 19 ARTICLE 2. Amounts and Terms ~~18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION~~ of the Advance Section 2.01 The ~~Advances~~ Advance 19 ~~SECTION~~ Section 2.02 ~~Making~~ Request for the ~~Advances~~ Advance 19 ~~SECTION~~ Section 2.03 ~~Fees 22 SECTION~~ Funding of Borrowings 19 Section 2.04 ~~Reduction and Increase~~ Termination of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION~~ Commitment 19 Section 2.05 Repayment of ~~Advances 26 SECTION~~ the Advance 19 Section 2.06 Interest ~~on Advances 26 SECTION~~ 20 Section 2.07 ~~Additional Interest on Eurodollar Rate Advances 27 SECTION~~ [Reserved] 20 Section 2.08 ~~Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10~~ Prepayments of ~~Advances 29 SECTION 2.11~~ the Advance; Collateral Administration 20 Section 2.09 Increased Costs ~~29 SECTION~~ 21 Section 2.10 Taxes 22 Section 2.11 Illegality 24 Section 2.12 ~~Illegality 30 SECTION~~ Evidence of Debt; Note 24 Section 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations ~~40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc~~25 ARTICLE 3. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties Section 3.01 Organization; Powers 26 Section 3.02 Authorization; Enforceability 26 Section 3.03 Governmental Approvals; No Conflicts 26 Section 3.04 Financial Condition; No Material Adverse Change 26 Section 3.05 Litigation Matters 27 Section 3.06 Compliance with Laws, Organization Documents and Agreements 27 Section 3.07 Investment Company Status 27 Section 3.08 Taxes 27 Section 3.09 Disclosure 28 Section 3.10 Material Agreements 28 Section 3.11 Solvency 28 Section 3.12 Anti-Corruption Laws; Sanctions 28 Section 3.13 Capitalization and Subsidiaries 28 Section 3.14 Material Nonpublic Information 29 Section 3.15 Restricted Transactions 29 Section 3.16 Insurance 29 Section 3.17 Ownership of ~~the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Property; Ownership of Collateral 29 Section 3.18 EEA Financial ~~Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Institutions 30 Section 3.19 No Registration 30 Section 3.20 No Sovereign Immunity 30 Section 3.21 Environmental Matters 30 Section 3.22 Employment Matters 30 Section 3.23 ERISA 30

Appears in 1 contract

Samples: Loan Agreement (Marfrig Alimentos S.A.)

Definitions and Accounting Terms. ~~SECTION~~ 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 39 1.03 Accounting Terms 18 39 1.04 Rounding 41 1.05 Times of Day 41 1.06 Letter of Credit Amounts 41 1.07 Amendment and Restatement 41 1.08 Limited Condition Acquisitions 42 ARTICLE II ~~AMOUNTS~~ COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 2.01 ~~The Advances 19 SECTION~~ Loans 43 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 43 2.03 ~~Fees 22 SECTION~~ Letters of Credit 44 2.04 ~~Reduction and Increase of the Commitments; Reduction and Increase of the~~ Swing Line ~~Commitment; Additional Issuing Banks 23 SECTION~~ Loans 53 2.05 Prepayments 55 2.06 Termination or Reduction of Commitments 57 2.07 Repayment of ~~Advances 26 SECTION 2.06~~ Loans 58 2.08 Interest ~~on Advances 26 SECTION 2.07 Additional~~ 59 2.09 Fees 59 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 60 2.11 Evidence of Debt 60 2.12 Payments Generally; Administrative Agent’s Clawback 61 2.13 Sharing of Payments by Lenders 62 2.14 Cash Collateral 63 2.15 Defaulting Lenders 64 2.16 Incremental Facilities 66 2.17 Refinancing Facilities 69 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 3.01 Taxes 70 3.02 Illegality 74 3.03 Inability to Determine Rates 75 3.04 Increased Costs; Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 77 3.05 Compensation for Losses 78 3.06 Mitigation Obligations; Replacement of ~~Advances 29 SECTION 2.10 Prepayments~~ Lenders 79 3.07 Survival 79 Page ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 4.01 Conditions to the Initial Borrowing on the Closing Date 79 4.02 Conditions to all Credit Extensions 83 ARTICLE V REPRESENTATIONS AND WARRANTIES 5.01 Existence, Qualification and Power 83 5.02 Authorization; No Contravention 84 5.03 Governmental Authorization; Other Consents 84 5.04 Binding Effect 84 5.05 Financial Statements; No Material Adverse Effect 84 5.06 Litigation 85 5.07 No Default 85 5.08 Subsidiaries and Equity Investments 85 5.09 Ownership 85 5.10 Ownership of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01~~ Personal Property; Liens 85 5.11 Intellectual Property; Licenses; Etc. 85 5.12 Real Estate; Lease 86 5.13 Environmental Matters 86 5.14 Security Documents 87 5.15 Insurance 87 5.16 [Reserved] 87 5.17 Taxes 87 5.18 ERISA Compliance 87 5.19 Purpose of Loans and Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification88 5.20 Margin Regulations; Investment Company Act 88 5.21 Disclosure 89 5.22 Compliance with Laws 89 5.23 Labor Matters 89 5.24 Solvency 90 5.25 [Intentionally Omitted] 90 5.26 Nature of ~~the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Business 90 5.27 Sanctions 90 5.28 Anti-Corruption Laws 90 5.29 EEA Financial Institutions 90 5.30 Use of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar~~ Proceeds 90 5.31 USA PATRIOT Act 90 ARTICLE VI AFFIRMATIVE COVENANTS 6.01 Financial Statements 91 6.02 Certificates; Other Information 92 6.03 Notices 93 6.04 Payment ~~Obligation 39 SECTION 3.14 Applications; Survival~~ of ~~Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing~~ Obligations 94 6.05 Preservation of ~~Payments~~Existence, Etc. ~~46 SECTION 4.04 Evidence~~ 94 6.06 Maintenance of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent~~ Properties 94 6.07 Maintenance of Insurance; Certain Proceeds 95 6.08 Compliance with Laws 95 6.09 Books and Records 95 Page 6.10 Inspection Rights 95 6.11 Further Assurances with Respect to ~~Effectiveness~~ Additional Loan Parties 96 6.12 Further Assurances with Respect to Collateral 97 6.13 Post-Closing Actions 97 6.14 Use of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51~~ Proceeds 97 6.15 Environmental 97 ARTICLE VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 98 7.02 ~~Negative Covenants 55 SECTION~~ Investments 100 7.03 ~~Financial Covenants 58 SECTION~~ Indebtedness 102 7.04 ~~Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Fundamental Changes and Acquisitions 105 7.05 Dispositions 107 7.06 Restricted Payments 108

Appears in 1 contract

Samples: Credit Agreement (Integra Lifesciences Holdings Corp)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 25 1.03 Accounting Terms 18 26 1.04 Rounding 26 1.05 Times of Day 26 1.06 Letter of Credit Amounts 26 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 27 2.01 ~~The Advances 19 SECTION~~ Revolving Loans and Term Loans 27 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 27 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION~~ 28 2.04 Swing Line Loans 36 2.05 Prepayments 38 2.06 Termination or Reduction of Aggregate Revolving Commitments 40 2.07 Repayment of Loans 41 2.08 Interest 42 2.09 Fees 42 2.10 Computation of Interest and Fees 43 2.11 Evidence of Debt 43 2.12 Payments Generally; Administrative Agent's Clawback 43 2.13 Sharing of Payments by Lenders 45 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 46 3.01 Taxes 46 3.02 ~~Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION~~ Illegality 47 3.03 ~~Issuing the Letters of Credit 32 SECTION~~ Inability to Determine Rates 48 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs ~~36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ 48 3.05 Compensation for Losses 49 3.06 Mitigation Obligations; Replacement of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications;~~ Lenders 50 3.07 Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 51 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION~~ GUARANTY 51 4.01 ~~Payments and Computations 40 SECTION~~ The Guaranty 51 4.02 ~~Taxes 42 SECTION~~ Obligations Unconditional 51 4.03 ~~Sharing~~ Reinstatement 52 4.04 Certain Additional Waivers 52 4.05 Remedies 52 4.06 Rights of ~~Payments, Etc. 46 SECTION 4.04 Evidence~~ Contribution 53 4.07 Guarantee of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Payment; Continuing Guarantee 53 ARTICLE V CONDITIONS ~~OF LENDING SECTION~~ PRECEDENT TO CREDIT EXTENSIONS 53 5.01 Conditions ~~Precedent to Effectiveness~~ of ~~this Agreement 49 SECTION~~ Initial Credit Extension 53 5.02 Conditions ~~Precedent~~ to ~~Each Advance/Issuance 51~~ all Credit Extensions 57 ARTICLE VI REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 57 6.01 ~~Representations~~ Existence, Qualification and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTPower 57 6.02 Authorization; No Contravention 57

Appears in 1 contract

Samples: Credit Agreement (Matria Healthcare Inc)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Computation of Time Periods ~~18 SECTION 1.03~~ 37 Section 1.3 Accounting ~~Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ Terms; Changes in GAAP 37 Section 1.4 Classes and ~~Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment~~ Types of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 37 Section 1.5 Miscellaneous 37 ARTICLE ~~III AMOUNT AND TERMS OF LETTERS OF~~ 2 CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01~~ FACILITIES 38 Section 2.1 Revolving Term and CapEx Commitments 38 Section 2.2 Letters of Credit ~~31 SECTION 3.02 Limitation on~~ 41 Section 2.3 Advances 48 Section 2.4 Prepayments 55 Section 2.5 Repayment 57 Section 2.6 Fees 58 Section 2.7 Interest 59 Section 2.8 Illegality 60 Section 2.9 Breakage Costs 61 Section 2.10 Increased Costs 61 Section 2.11 Payments and Computations 63 Section 2.12 Taxes 64 Section 2.13 Mitigation Obligations; Replacement of Lenders 68 Section 2.14 Defaulting Lender 70 ARTICLE 3 CONDITIONS OF LENDING 73 Section 3.1 Conditions Precedent to Initial Borrowings and the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Initial Letter of Credit ~~Fees 34 SECTION 3.07 Indemnification; Nature~~ 73 Section 3.2 Conditions Precedent to Each Borrowing and to Each Issuance, Extension or Renewal of ~~the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ a Letter of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 76 Section 3.3 Conditions Precedent to Effectiveness of ~~this Agreement 49 SECTION 5.02~~ Revolving Facility 77 Section 3.4 Conditions Precedent to Each ~~Advance/Issuance 51~~ CapEx Borrowing 78 Section 3.5 Determinations Under Sections 3.1, 3.2, 3.3 and 3.4 78 ARTICLE VI 4 REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 78 Section 4.1 Organization 78 Section 4.2 Authorization 78 Section 4.3 Enforceability 79 Section 4.4 Financial Condition 79 Section 4.5 Ownership and ~~Warranties~~ Liens; Real Property 80 Section 4.6 True and Complete Disclosure 80 Section 4.7 Litigation 80 Section 4.8 Compliance with Agreements 80 Section 4.9 Pension Plans 81 Section 4.10 Environmental Condition 81 Section 4.11 Subsidiaries 82 Section 4.12 Investment Company Act 82 Section 4.13 Taxes 82 Section 4.14 Permits, Licenses, etc 83 Section 4.15 Use of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events Proceeds 83 Section 4.16 Condition of ~~Default 60 ARTICLE IX THE AGENT~~Property; Casualties 83 Section 4.17 Insurance 83 Section 4.18 Security Interest 83 Section 4.19 OFAC; Anti-Terrorism 83 Section 4.20 Solvency 84 Section 4.21 Material Agreements 84

Appears in 1 contract

Samples: Credit Agreement (Aly Energy Services, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation of Time Periods 18 SECTION~~ Terms Generally and Certain Interpretive Provisions 49 Section 1.03 ~~Accounting Terms 18~~ Limited Condition Transactions 49 Section 1.04 Classification and Reclassification 50 Section 1.05 Currency Equivalents Generally 51 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III 2 AMOUNT AND TERMS OF ~~LETTERS OF~~ CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01~~ Section 2.01 The Commitments 51 Section 2.02 Loans 51 Section 2.03 Borrowing Procedure 52 Section 2.04 Evidence of Debt; Repayment of Loans 53 Section 2.05 Fees 54 Section 2.06 Interest on Loans 55 Section 2.07 Termination and Reduction of Commitments 55 Section 2.08 Interest Elections 56 Section 2.09 Optional and Mandatory Prepayments of Loans 57 Section 2.10 Payments Generally; Pro Rata Treatment; Sharing of Setoffs 58 Section 2.11 Defaulting Lenders 60 Section 2.12 Swingline Loans 60 Section 2.13 Letters of Credit ~~31 SECTION~~ 61 Section 2.14 Settlement Amongst Lenders 66 Section 2.15 Revolving Commitment Increase 67 Section 2.16 Lead Borrower 68 Section 2.17 Overadvances 68 Section 2.18 Protective Advances 69 Section 2.19 Extended Loans 69 ARTICLE 3 YIELD PROTECTION, ILLEGALITY AND REPLACEMENT OF LENDERS Section 3.01 Increased Costs, Illegality, etc. 71 Section 3.02 ~~Limitation on the Issuance~~ Compensation 72 Section 3.03 Change of ~~Letters~~ Lending Office 72 Section 3.04 Replacement of ~~Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION~~ Lenders 72 Section 3.05 ~~Participations Purchased by the Lenders 33 SECTION~~ Inability to Determine Rates 73 Section 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 LIBOR Successor Rate 73 Page ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT4 [RESERVED]

Appears in 1 contract

Samples: Revolving Credit Agreement (Interior Logic Group Holdings, LLC)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ 1 1.01. Defined Terms 1 ~~SECTION 1.02 Computation of Time Periods 18 SECTION 1.03~~ 1.02. Other Interpretive Provisions 16 1.03. Accounting Terms 17 1.04. Rounding 17 1.05. Times of Day 17 1.06. Letter of Credit Amounts 17 1.07. Exchange Rates; Currency Equivalents 17 ARTICLE 2. THE COMMITMENTS AND CREDIT EXTENSIONS 18 ~~ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ 2.01. Committed Loans 18 2.02. Borrowings, Conversions and ~~Increase~~ Continuations of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Committed Loans 18 2.03. Letters of Credit 19 2.04. Intentionally Deleted 27 2.05. Prepayments 27 2.06. Termination or Reduction of Commitments 27 2.07. Repayment of Loans 28 2.08. Interest 28 2.09. Commitment Fee 28 2.10. Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 29 2.11. Evidence of Debt 29 2.12. Payments Generally; Agent’s Clawback 29 2.13. Sharing of Payments 31 ~~SECTION 3.02 Limitation on~~ 2.14. Increase in the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature Aggregate Commitments 31 2.15. Joint and Several Liability of the ~~Issuing Banks’ Duties 35 SECTION 3.08~~ Loan Parties 32 ARTICLE 3. TAXES, YIELD PROTECTION AND ILLEGALITY 33 3.01. Taxes 33 3.02. Illegality 34 3.03. Inability to Determine Rates 34 3.04. Increased Costs 34 3.05. Compensation for Losses 36 ~~SECTION 3.09 Uniform Customs~~ 3.06. Mitigation Obligations 36 3.07. Survival 36 ARTICLE 4. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 36 4.01. Conditions of Initial Credit Extension 36 4.02. Conditions to all Credit Extensions 38 ARTICLE 5. REPRESENTATIONS AND WARRANTIES 38 5.01. Existence, Qualification and ~~Practice 37 SECTION 3.10 Reductions~~ Power 38 5.02. Authorization; No Contravention 39 5.03. Governmental Authorization; Other Consents 39 5.04. Binding Effect 39 5.05. Financial Statements; No Material Adverse Effect 39 5.06. Litigation 40 5.07. No Default 40 5.08. Ownership of Property; Liens 40 5.09. Environmental Compliance 40 5.10. Insurance 40 5.11. Taxes 40 5.12. ERISA Compliance 40 5.13. Subsidiaries 41 5.14. Margin Regulations; Investment Company Act 41 5.15. Disclosure 41 5.16. Compliance with Laws 42 5.17. Taxpayer Identification Number 42 5.18. Intellectual Property; Licenses, Etc. 42 ARTICLE 6. AFFIRMATIVE COVENANTS 42 6.01. Financial Statements 42 6.02. Certificates; Other Information 43 6.03. Notices 44 6.04. Payment of Obligations 45 6.05. Preservation of Existence, Etc. 45 6.06. Maintenance of Properties 45 6.07. Maintenance of Insurance 45 6.08. Compliance with Laws 45 6.09. Books and ~~Increases in Issuing Commitment 37 SECTION 3.11~~ Records 45 6.10. Inspection Rights 45 6.11. Use of Proceeds 46 6.12. Financial Covenants 46 6.13. Additional Guarantors 46 6.14. Existing Letters of Credit ~~38 SECTION 3.12 Currency~~ 46 ARTICLE 7. NEGATIVE COVENANTS 46 7.01. Liens 46 7.02. Investments 47 7.03. Indebtedness 48 7.04. Fundamental Changes 49 7.05. Dispositions 49 7.06. Restricted Payments 49 7.07. Change in Nature of Business 50 7.08. Transactions with Affiliates 50 7.09. Burdensome Agreements 50 7.10. Use of Proceeds 50 ARTICLE 8. EVENTS OF DEFAULT AND REMEDIES 50 8.01. Events of Default 50 8.02. Remedies Upon Event of Default 52 8.03. Application of Funds 53 ARTICLE 9. ADMINISTRATIVE AGENT 53 9.01. Appointment and Authorization of Administrative Agent 53 9.02. Rights as a Lender 54 9.03. Exculpatory Provisions ~~38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival~~ 54 9.04. Reliance by Administrative Agent 54 9.05. Delegation of ~~Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC~~Duties 55 9.06. ~~SECTION 4.01 Payments~~ Resignation of Agent 55 9.07. Non-Reliance on Agent and ~~Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments~~Other Lenders 55 9.08. No Other Duties, Etc. ~~46 SECTION 4.04 Evidence~~ 56 9.09. Administrative Agent May File Proofs of ~~Debt/Borrowings 46 SECTION 4.05 Borrower~~ Claim 56 9.10. Guaranty 47 Matters 56 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ 10. MISCELLANEOUS 56 10.01. Amendments, Etc. 56 10.02. Notices; Effectiveness; Electronic Communications 57 10.03. No Waiver; Cumulative Remedies 59 10.04. Expenses; Indemnity; Damage Waiver 59 10.05. Payments Set Aside 61 10.06. Successors and Assigns 61 10.07. Treatment of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties~~ Certain Information; Confidentiality 64 10.08. Right of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTSetoff 65

Appears in 1 contract

Samples: Credit Agreement (Chipotle Mexican Grill Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.01. Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.02. Rules of ~~Time Periods 18 SECTION 1.03~~ Construction 4 Section 1.03. Accounting ~~Terms 18~~ and Financial Determinations 4 ARTICLE ~~II AMOUNTS AND TERMS OF~~ II: THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 LOANS Section 2.01. Loans 4 Section 2.02. Note 5 Section 2.03. Scheduled Payments 5 Section 2.04. Prepayments 5 Section 2.05. Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Provisions 5 Section 2.06. Payments Absolute 6 Section 2.07. Increased Capital Costs ~~29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ 6 Section 2.08. Taxes 6 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 CONDITIONS TO LOANS 6 ARTICLE IV ~~PAYMENTS~~REPRESENTATIONS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 WARRANTIES AND COVENANTS OF BORROWER 8 ARTICLE V ~~CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ SECURITY INTEREST 10 ARTICLE ~~VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII~~ VI: COVENANTS ~~OF THE BORROWER SECTION 7.01~~ Section 6.01. Affirmative Covenants ~~54 SECTION 7.02~~ 10 Section 6.02. Negative Covenants ~~55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58~~ 11 Section 6.03. Indemnity 12 Section 6.04. Performance by Lender 13 ARTICLE ~~VIII~~ VII: EVENTS OF DEFAULT ~~SECTION 8.01~~ Section 7.01. Events of Default 60 13 Section 7.02. Remedies 14 Section 7.03. Use of Proceeds 14 ARTICLE ~~IX THE AGENT~~VIII: MISCELLANEOUS PROVISIONS Section 8.01. Waivers, Amendments 15 Section 8.02. Notices 15 Section 8.03. Severability 15 Section 8.04. Execution in Counterparts 15 Section 8.05. Further Assurance and Corrective Instruments 15 Section 8.06. Time of the Essence 15 Section 8.07. Entire Agreement 15 Section 8.08. Governing Law 15 Section 8.09. Successors and Assigns; Assignments by Lender 15 Section 8.10. Assignments, Participations and Securitizations 15 Section 8.11. Waiver of Jury Trial 16 Section 8.12. Forum Selection and Consent to Jurisdiction 16 Section 8.13. Waiver of Certain Claims 17 SCHEDULES SCHEDULE I — Additional Definitions SCHEDULE II — Additional Conditions Precedent SCHEDULE III — Financial Covenants SCHEDULE IV — Disclosure Statements SCHEDULE V — List of Subsidiaries LOAN AGREEMENT THIS LOAN AGREEMENT (this “Agreement”) dated as of December 29, 2010 between STELLARIS, a Nevada limited liability company (together with its successors and assigns, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with its successors and assigns, “Lender”).

Appears in 1 contract

Samples: Loan Agreement (Primoris Services CORP)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.1 Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.2 Use of ~~Time Periods 18 SECTION 1.03~~ Defined Terms 33 Section 1.3 Cross-References 33 Section 1.4 Accounting ~~Terms 18~~ and Financial Determinations 33 ARTICLE II ~~AMOUNTS~~ REVOLVING LOAN COMMITMENT AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04~~ BORROWING PROCEDURES, NOTES Section 2.1 Commitments 33 Section 2.2 Reduction ~~and Increase~~ of the ~~Commitments; Reduction~~ Commitment Amounts 35 Section 2.3 Borrowing Procedures 35 Section 2.4 Continuation and ~~Increase of the Swing Line Commitment;~~ Conversion Elections 36 Section 2.5 Funding 37 Section 2.6 Issuance Procedures 37 Section 2.7 Loan Accounts and Revolving Notes 41 Section 2.8 Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 Revolving Loan Commitments 41 Section 2.9 Swingline Loan Subfacility 44 ARTICLE III ~~AMOUNT~~ MATURITY DATE; REPAYMENTS, PREPAYMENTS, INTEREST AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit FEES Section 3.1 Maturity Date; Extension Option 46 Section 3.2 Repayments and Prepayments; Application 47 Section 3.3 Interest Provisions 49 Section 3.4 Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 50 ARTICLE IV ~~PAYMENTS~~CERTAIN LIBO RATE AND OTHER PROVISIONS Section 4.1 LIBO Rate Lending Unlawful 51 Section 4.2 Deposits Unavailable 51 Section 4.3 Change of Circumstances 52 Section 4.4 Replacement of Lender 52 Section 4.5 Funding Losses 53 Section 4.6 Taxes 54 Section 4.7 Change of Lending Office 57 Section 4.8 Payments, ~~TAXES~~Computations, ~~EXTENSIONS, ETC~~etc. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03~~ 58 Section 4.9 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants Payments 58 ~~SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Section 4.10 Setoff 59

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotel Capital Inc)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 2 Section 1.1 Certain Defined Terms ~~1 SECTION 1.02~~ 2 Section 1.2 Computation of Time Periods ~~18 SECTION 1.03~~ 31 Section 1.3 Accounting ~~Terms 18~~ Terms; Changes in GAAP 31 Section 1.4 Classes and Types of Advances 32 Section 1.5 Other Interpretive Provisions 32 Section 1.6 Exchange Rates; Currency Equivalents 33 Section 1.7 Agreed Currencies 33 Section 1.8 Change of Currency 34 Section 1.9 Several Obligations of Borrowers 35 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase~~ CREDIT FACILITIES 35 Section 2.1 Commitments 35 Section 2.2 Evidence of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Indebtedness 38 Section 2.3 Letters of Credit 38 ~~SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications~~Section 2.4 Swingline Advances 46 Section 2.5 Bankers’ Acceptances 50 Section 2.6 Borrowings; ~~Survival of Provisions~~Procedures and Limitations 52 Section 2.7 Prepayments; ~~Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01~~ Defeasance 58 Section 2.8 Repayment 60 Section 2.9 Fees 60 Section 2.10 Interest 62 Section 2.11 Illegality 64 Section 2.12 Breakage Costs 64 Section 2.13 Increased Costs 65 Section 2.14 Payments and Computations ~~40 SECTION 4.02~~ 66 Section 2.15 Taxes ~~42 SECTION 4.03 Sharing~~ 69 Section 2.16 Replacement of ~~Payments, Etc. 46 SECTION 4.04 Evidence~~ Lenders 71 Section 2.17 Designation of ~~Debt/Borrowings 46 SECTION 4.05~~ a Canadian Borrower ~~Guaranty 47~~ 73 Section 2.18 Defaulting Lender Provisions 74 ARTICLE V III CONDITIONS ~~OF LENDING SECTION 5.01~~ PRECEDENT 77 Section 3.1 Conditions Precedent to Effectiveness ~~of this Agreement 49 SECTION 5.02~~ 77 Section 3.2 Conditions Precedent to Each ~~Advance/Issuance 51~~ Credit Extension 79 Section 3.3 Determinations Under Sections 3.1 and 3.2 79 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 79 Section 4.1 Organization 80 Section 4.2 Authorization 80 Section 4.3 Enforceability 80 Section 4.4 Financial Condition 80 Section 4.5 Ownership and ~~Warranties~~ Liens; Real Property 80 Section 4.6 True and Complete Disclosure 81 Section 4.7 Litigation 81 Section 4.8 Compliance with Agreements 81 Section 4.9 Pension Plans 81 Section 4.10 Environmental Condition 82 Section 4.11 Subsidiaries 82 Section 4.12 Investment Company Act 83 Section 4.13 Reserved 83 -i- Table of ~~the Borrower 51~~ Contents (continued) Page Section 4.14 Taxes 83 Section 4.15 Permits, Licenses, etc 83 Section 4.16 Use of Proceeds 83 Section 4.17 Condition of Property; Casualties 83 Section 4.18 Insurance 83 Section 4.19 Labor Agreements 84 Section 4.20 Security Interest 84 Section 4.21 OFAC; Anti-Terrorism 84 Section 4.22 Solvency 84 ARTICLE ~~VII~~ V AFFIRMATIVE COVENANTS ~~OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02~~ 84 Section 5.1 Organization 84 Section 5.2 Reporting 84 Section 5.3 Insurance 87 Section 5.4 Compliance with Laws 87 Section 5.5 Taxes 88 Section 5.6 Additional Guarantors 88 Section 5.7 Security 88 Section 5.8 Records; Inspection 88 Section 5.9 Maintenance of Property 89 Section 5.10 Landlord Agreements 89 Section 5.11 Designations with Respect to Subsidiaries 89 ARTICLE VI NEGATIVE COVENANTS 90 Section 6.1 Debt 90 Section 6.2 Liens 91 Section 6.3 Investments 92 Section 6.4 Acquisitions 93 Section 6.5 Agreements Restricting Liens; Negative ~~Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Pledge 93

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 16 1.03 Accounting Terms 17 1.04 Rounding 17 1.05 Times of Day 18 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 18 2.01 ~~The Advances~~ Committed Loans 18 2.02 Committed Borrowings, Conversions and Continuations of Committed Loans 18 2.03 Prepayments 19 ~~SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION~~ 2.04 Termination or Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION~~ Commitments 20 2.05 Repayment of ~~Advances 26 SECTION~~ Loans 20 2.06 Interest ~~on Advances 26 SECTION~~ 20 2.07 ~~Additional~~ Fees 20 2.08 Computation of Interest ~~on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION~~ and Fees 21 2.09 ~~Voluntary Conversion~~ Evidence of ~~Advances 29 SECTION~~ Debt 21 2.10 ~~Prepayments~~ Payments Generally; Administrative Agent’s Clawback 21 2.11 Sharing of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION~~ Payments by Lenders 23 2.12 ~~Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Defaulting Lenders 23 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, III. TAXES, ~~EXTENSIONS, ETC~~YIELD PROTECTION AND ILLEGALITY 25 3.01 Taxes 25 3.02 Illegality 29 3.03 Inability to Determine Rates 29 3.04 Increased Costs; Reserves on Eurocurrency Rate Loans 30 3.05 Compensation for Losses 31 3.06 Mitigation Obligations; Replacement of Lenders 32 3.07 Survival 32 ARTICLE IV. ~~SECTION~~ CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 32 4.01 ~~Payments and Computations 40 SECTION~~ Conditions of Closing 32 4.02 ~~Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Conditions to all Credit Extensions 34 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI~~ V. REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 34 5.01 Existence, Qualification and Power 34 5.02 Authorization; No Contravention 35 5.03 Governmental Authorization 35 5.04 Binding Effect 35 5.05 Financial Statements; No Material Adverse Effect 35 5.06 Litigation 35 5.07 Ownership of Property; Liens 36 5.08 Environmental Compliance 36 5.09 Insurance 36 5.10 Taxes 36 5.11 ERISA Compliance 36 TABLE OF CONTENTS (continued) Page 5.12 Margin Regulations; Investment Company Act 37 5.13 Disclosure 37 5.14 Compliance with Laws 37 5.15 Taxpayer Identification Number; Other Identifying Information 37 5.16 OFAC 37 ARTICLE VI. AFFIRMATIVE COVENANTS 38 6.01 ~~Representations~~ Financial Statements 38 6.02 Certificates; Other Information 39 6.03 Notices 40 6.04 Payment of Obligations 40 6.05 Preservation of Existence, Etc 40 6.06 Maintenance of Properties; Maintenance of Insurance 40 6.07 Compliance with Laws 41 6.08 Inspection Rights; Books and ~~Warranties~~ Records 41 6.09 Use of ~~the Borrower 51~~ Proceeds 41 ARTICLE ~~VII~~ VII. NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 41 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 41 7.02 ~~Negative Covenants 55 SECTION~~ Subsidiary Indebtedness 43 7.03 ~~Financial Covenants 58 SECTION~~ Fundamental Changes 43 7.04 ~~Reporting Requirements 58~~ Dispositions 44 7.05 Transactions with Affiliates 44 7.06 Consolidated Leverage Ratio 44 ARTICLE ~~VIII~~ VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 45 8.01 Events of Default 60 45 8.02 Remedies Upon Event of Default 46 8.03 Application of Funds 47 ARTICLE ~~IX THE AGENT~~IX. ADMINISTRATIVE AGENT 47 9.01 Appointment and Authority 47 9.02 Rights as a Lender 48 9.03 Exculpatory Provisions 48 9.04 Reliance by Administrative Agent 49 9.05 Delegation of Duties 49 9.06 Resignation of Administrative Agent 49 9.07 Non-Reliance on Administrative Agent and Other Lenders 50 9.08 No Other Duties, Etc. 50 9.09 Administrative Agent May File Proofs of Claim 50 ARTICLE X. MISCELLANEOUS 51 10.01 Amendments, Etc 51 10.02 Notices; Effectiveness; Electronic Communication 52 10.03 No Waiver; Cumulative Remedies; Enforcement 54 10.04 Expenses; Indemnity; Damage Waiver 54 10.05 Payments Set Aside 57 TABLE OF CONTENTS (continued) Page 10.06 Successors and Assigns 57 10.07 Treatment of Certain Information; Confidentiality 61 10.08 Right of Setoff 62 10.09 Interest Rate Limitation 63 10.10 Counterparts; Integration; Effectiveness 63 10.11 Survival of Representations and Warranties 63 10.12 Severability 63 10.13 Replacement of Lenders 64 10.14 Governing Law; Jurisdiction; Etc. 64 10.15 Waiver of Jury Trial 65 10.16 No Advisory or Fiduciary Responsibility 66 10.17 Electronic Execution of Assignments and Certain Other Documents 66 10.18 USA PATRIOT Act Notice 66 SCHEDULES

Appears in 1 contract

Samples: Assignment and Assumption (Thermo Fisher Scientific Inc.)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain Defined Terms~~ 1 SECTION ~~1.02 Computation of Time Periods 18~~ 1.1 DEFINED TERMS 1 SECTION ~~1.03 Accounting Terms 18 ARTICLE II AMOUNTS AND~~ 1.2 USE OF DEFINED TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION ~~2.08 Interest Rate Determination~~ 1.3 ACCOUNTING TERMS 27 SECTION ~~2.09 Voluntary Conversion of Advances 29~~ 1.4 ROUNDING 27 SECTION ~~2.10 Prepayments of Advances 29~~ 1.5 EXHIBITS AND SCHEDULES 28 SECTION ~~2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ 1.6 MISCELLANEOUS TERMS 28 ARTICLE ~~III~~ 2 AMOUNT AND TERMS OF CREDIT 28 SECTION 2.1 ADVANCES 28 SECTION 2.2 LETTERS OF CREDIT ~~AND PARTICIPATIONS THEREIN~~ 29 SECTION ~~3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies~~ 2.3 TERM LOANS 32 SECTION ~~3.03 Issuing the Letters of Credit~~ 2.4 SPECIAL ADVANCES BY LENDERS 32 SECTION ~~3.04 Reimbursement Obligations~~ 2.5 AGENT'S RIGHT TO ASSUME FUNDS AVAILABLE 32 SECTION 2.6 ACCOUNTING 32 SECTION 2.7 SINGLE LOAN 33 SECTION ~~3.05 Participations Purchased by the Lenders~~ 2.8 SUBSEQUENT COMMITMENT INCREASES 33 ~~SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification~~ARTICLE 3 PRINCIPAL PAYMENTS; ~~Nature of the Issuing Banks’ Duties~~ INTEREST; FEES 35 SECTION ~~3.08 Increased Costs~~ 3.1 PRINCIPAL PAYMENTS 35 SECTION 3.2TERMINATION OF COMMITMENT; VOLUNTARY PREPAYMENT OF TERM LOAN 35 SECTION 3.3 MANDATORY PREPAYMENTS 36 SECTION ~~3.09 Uniform Customs and Practice~~ 3.4 INTEREST 37 SECTION ~~3.10 Reductions and Increases in Issuing Commitment~~ 3.5 FIXED RATE ELECTIONS 37 SECTION ~~3.11 Existing Letters of Credit~~ 3.6 COMMITMENT FEE 38 SECTION ~~3.12 Currency Provisions~~ 3.7 LETTER OF CREDIT FEES 38 SECTION ~~3.13 Dollar Payment Obligation~~ 3.8 AGENT'S FEES 38 SECTION 3.9 INCREASED COST AND REDUCED RETURN 38 SECTION 3.10 LIBOR COSTS 39 SECTION ~~3.14 Applications; Survival of Provisions; Cash Collateral~~ 3.11 SPECIAL LIBOR CIRCUMSTANCES 40 SECTION 3.12 FUNDING LOSSES 40 SECTION 3.13 DEFAULT RATE 41 SECTION 3.14 PAYMENT AND COMPUTATION OF INTEREST 41 SECTION 3.15 ~~LC Subsidiaries 40~~ NON-BUSINESS DAYS 42 SECTION 3.16 PAYMENT FREE OF TAXES 42 SECTION 3.17 FUNDING SOURCES 45 SECTION 3.18 FAILURE TO CHARGE NOT SUBSEQUENT WAIVER 45 SECTION 3.19 SAVINGS CLAUSE 45 SECTION 3.20 PRO RATA TREATMENT 46 SECTION 3.21 MANNER AND TREATMENT OF PAYMENTS 46 SECTION 3.22 AGENT'S RIGHT TO ASSUME PAYMENTS WILL BE MADE 46 SECTION 3.23 SURVIVABILITY 47 ARTICLE ~~IV PAYMENTS, TAXES, EXTENSIONS~~4 REPRESENTATIONS AND WARRANTIES 47 SECTION 4.1EXISTENCE AND QUALIFICATION; POWER; COMPLIANCE WITH LAWS 47 SECTION 4.2AUTHORITY; COMPLIANCE WITH OTHER AGREEMENTS AND INSTRUMENTS 48 SECTION 4.3REQUIREMENTS OF LAW; PERFORMANCE OF CONTRACTUAL OBLIGATIONS 48 SECTION 4.4 NO GOVERNMENTAL APPROVALS REQUIRED 48 SECTION 4.5 SUBSIDIARIES 49 SECTION 4.6 FINANCIAL STATEMENTS 49 SECTION 4.7 NO OTHER LIABILITIES; NO MATERIAL ADVERSE EFFECT 49 SECTION 4.8 TITLE TO AND LOCATION OF PROPERTY 49 SECTION 4.9 INTANGIBLE ASSETS 50 SECTION 4.10 GOVERNMENTAL REGULATION 50 SECTION 4.11 LITIGATION; JUDGMENTS 50 SECTION 4.12 BINDING OBLIGATIONS 50 SECTION 4.13 NO DEFAULT 50 SECTION 4.14 ERISA 50 SECTION 4.15 REGULATIONS G AND U 52 SECTION 4.16 DISCLOSURE 52 SECTION 4.17 TAX LIABILITY 52 SECTION 4.18 SECURITY INTERESTS 53 SECTION 4.19 EMPLOYEE MATTERS 53 SECTION 4.20 SOLVENCY 53 SECTION 4.21 SUBORDINATION OF SUBORDINATED INDEBTEDNESS 53 SECTION 4.22 REAL PROPERTY 54 SECTION 4.23 ENVIRONMENTAL MATTERS 54 SECTION 4.24 OWNERSHIP OF CAPITAL STOCK 55 SECTION 4.25 BROKERS; TRANSACTION FEES 55 ARTICLE 5 AFFIRMATIVE COVENANTS (OTHER THAN INFORMATION AND REPORTING REQUIREMENTS) 56 SECTION 5.1 USE OF PROCEEDS 56 SECTION 5.2PAYMENT OF TAXES AND OTHER POTENTIAL LIENS; COMPLIANCE WITH RELATED AGREEMENTS 56 SECTION 5.3 PRESERVATION OF EXISTENCE 56 SECTION 5.4 MAINTENANCE OF PROPERTIES AND BUSINESS 57 SECTION 5.5 MAINTENANCE OF INSURANCE 57 SECTION 5.6 COMPLIANCE WITH LAWS 57 SECTION 5.7 INSPECTION RIGHTS 58 SECTION 5.8 AUDIT RIGHTS 58 SECTION 5.9 KEEPING OF RECORDS AND BOOKS OF ACCOUNT 58 SECTION 5.10COMPLIANCE WITH AGREEMENTS; PAYMENT OF INDEBTEDNESS 58 SECTION 5.11 ENVIRONMENTAL LAWS 58 SECTION 5.12 ADDITIONAL REAL PROPERTY COLLATERAL 60 SECTION 5.13 COLLECTIONS 60 ARTICLE 6 NEGATIVE COVENANTS 61 SECTION 6.1 DISPOSITION OF PROPERTY; APPLICATION OF PROCEEDS 61 SECTION 6.2 RESTRICTIONS ON FUNDAMENTAL CHANGES 62 SECTION 6.3 RESTRICTED PAYMENTS 63 SECTION 6.4 RESTRICTIONS ON AMENDMENTS, ETC. 64 SECTION ~~4.01 Payments and Computations 40~~ 6.5 ERISA 65 SECTION ~~4.02 Taxes 42~~ 6.6 CHANGE IN NATURE OR CONDUCT OF BUSINESS 65 SECTION ~~4.03 Sharing of Payments~~6.7 LIENS 65 SECTION 6.8 INDEBTEDNESS 66 SECTION 6.9 TRANSACTIONS WITH AFFILIATES 68 SECTION 6.10 SALES AND LEASEBACKS 69 SECTION 6.11 MARGIN REGULATIONS 69 SECTION 6.12 INVESTMENTS 69 SECTION 6.13 FISCAL YEAR 69 SECTION 6.14 CASH MANAGEMENT SYSTEM 69 SECTION 6.15 CANCELLATION OF INDEBTEDNESS 69 SECTION 6.16 COMMINGLING 70 SECTION 6.17 RELATED AGREEMENTS; TAX ELECTION 70 SECTION 6.18 CAPITAL EXPENDITURES 70 SECTION 6.19 OPERATING LEASES 70 SECTION 6.20 CURRENT RATIO 70 SECTION 6.21 CONSOLIDATED FIXED CHARGE COVERAGE RATIO 70 SECTION 6.22 INTEREST COVERAGE RATIO 71 ARTICLE 7 INFORMATION AND REPORTING REQUIREMENTS 71 SECTION 7.1 FINANCIAL INFORMATION AND REPORTS 71 SECTION 7.2BORROWING BASE CERTIFICATES AND OTHER COLLATERAL REPORTING 73 SECTION 7.3 OPERATING LEASES; CAPITAL LEASES, ~~Etc~~ETC. 46 74 SECTION ~~4.04 Evidence of Debt/Borrowings 46~~ 7.4 OTHER SPECIFIC INFORMATION AND REPORTS 74 SECTION ~~4.05 Borrower Guaranty 47~~ 7.5 OTHER INFORMATION AND REPORTS (GENERALLY) 77 ARTICLE V 8 CONDITIONS 77 SECTION 8.1 CONDITIONS TO EFFECTIVENESS 77 SECTION 8.2 ANY ADVANCE, ETC. 79 ARTICLE 9 EVENTS OF ~~LENDING~~ DEFAULT AND REMEDIES UPON EVENTS OF DEFAULT 79 SECTION ~~5.01 Conditions Precedent to Effectiveness of this Agreement 49~~ 9.1 EVENTS OF DEFAULT 79 SECTION ~~5.02 Conditions Precedent to Each Advance/Issuance 51~~ 9.2 REMEDIES UPON EVENT OF DEFAULT 82 ARTICLE VI 10 THE AGENT 84 SECTION 10.1APPOINTMENT AND AUTHORIZATION; NO FIDUCIARY RESPONSIBILITY 84 SECTION 10.2 AGENT AND AFFILIATES 84 SECTION 10.3 LENDERS' CREDIT DECISIONS 85 SECTION 10.4 ACTION BY AGENT 85 SECTION 10.5 LIABILITY OF AGENT 86 SECTION 10.6 INDEMNIFICATION 87 SECTION 10.7 SUCCESSOR AGENT 87 SECTION 10.8PROPORTIONATE INTEREST OF THE LENDERS IN ANY COLLATERAL 87 ARTICLE 11 MISCELLANEOUS 88 SECTION 11.1 CUMULATIVE REMEDIES; NO WAIVER 88 SECTION 11.2 AMENDMENTS; CONSENTS 88 SECTION 11.3 COSTS, EXPENSES AND TAXES 89 SECTION 11.4 NATURE OF LENDER'S OBLIGATIONS 90 SECTION 11.5 SURVIVAL OF REPRESENTATIONS AND WARRANTIES 90 SECTION ~~6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER~~ 11.6 NOTICES 90 SECTION ~~7.01 Affirmative Covenants 54~~ 11.7 EXECUTION IN COUNTERPARTS 91 SECTION ~~7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~11.8 BINDING EFFECT; ASSIGNMENT 92

Appears in 1 contract

Samples: Loan Agreement (Fairfield Manufacturing Co Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ 1 Section 1.1 Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.2 Use of ~~Time Periods 18 SECTION 1.03~~ Defined Terms 22 Section 1.3 Cross-References 22 Section 1.4 Accounting ~~Terms 18~~ and Financial Determinations 22 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making~~ REVOLVING CREDIT FACILITY 23 Section 2.1 Revolving Loans 23 Section 2.2 Reduction of Aggregate Commitment Amount 23 Section 2.3 Borrowing Procedures 23 Section 2.4 Continuation and Conversion Elections 24 Section 2.5 Funding 24 Section 2.6 Swingline Loans 24 Section 2.7 Notes 25 Section 2.8 Appointment of Agent for the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances Borrowers 26 ~~SECTION 2.06 Interest on Advances~~ Section 2.9 Absolute Obligations 26 ~~SECTION 2.07 Additional Interest on Eurodollar Rate Advances~~ Section 2.10 Partial Releases 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III ~~AMOUNT~~ REPAYMENTS, PREPAYMENTS, INTEREST AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit FEES 27 Section 3.1 Repayments and Prepayments; Application 27 Section 3.2 Interest Provisions 28 Section 3.3 Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 29 ARTICLE IV ~~PAYMENTS~~CERTAIN LIBOR AND OTHER PROVISIONS 30 Section 4.1 LIBOR Lending Unlawful 30 Section 4.2 Deposits Unavailable 30 Section 4.3 Increased LIBOR Loan Costs, ~~TAXES~~etc. 30 Section 4.4 Funding Losses 31 Section 4.5 Increased Capital Costs 31 Section 4.6 Taxes 31 Section 4.7 Payments, ~~EXTENSIONS~~Computations, ~~ETC~~etc. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03~~ 34 Section 4.8 Sharing of ~~Payments, Etc. 46 SECTION 4.04 Evidence~~ Payments 34 Section 4.9 Setoff 35 Section 4.10 Mitigation; Time Limitation 35 Section 4.11 Replacement of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Lenders 36 ARTICLE V CONDITIONS ~~OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ TO CREDIT EXTENSIONS 37 Section 5.1 Initial Loan 37 Section 5.2 All Loans 40 ARTICLE VI REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 40 Section 6.1 Organization, etc. 40 Section 6.2 Due Authorization, Non-Contravention, etc. 41 Section 6.3 Government Approval, Regulation, etc. 41 Section 6.4 Validity, etc. 41 Section 6.5 Financial Information 41 Section 6.6 No Material Adverse Effect; Compliance with Laws 42 Section 6.7 Litigation 42 Section 6.8 Subsidiaries 42 Section 6.9 Ownership of Properties 42 Section 6.10 Taxes 42 Section 6.11 Pension and Welfare Plans 43 Section 6.12 Environmental Warranties 43 Section 6.13 Accuracy of ~~the Borrower 51~~ Information 44 Section 6.14 Margin Stock 44 Section 6.15 Foreign Assets Control Regulations 44 Section 6.16 Labor Relations; Management Agreements 44 Section 6.17 Insurance 45 Section 6.18 Collateral Documents 45 Section 6.19 Compliance with OFAC Rules and Regulations 45 ARTICLE VII ~~COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ FINANCIAL INFORMATION AND NOTICES 45 Section 7.1 Financial ~~Covenants 58 SECTION 7.04 Reporting Requirements 58~~ Statements and Projections 45 Section 7.2 Certificates 46 Section 7.3 Other Reports 46 Section 7.4 Notice of Litigation and Other Matters 47 Section 7.5 Accuracy of Information 48 ARTICLE VIII AFFIRMATIVE COVENANTS 48 Section 8.1 Maintenance of Existence; Compliance with Laws, etc. 48 Section 8.2 Maintenance of Properties 49 Section 8.3 Insurance 49 Section 8.4 Visitations, Books and Records, Field Audits 49 Section 8.5 Environmental Law Covenant 50 Section 8.6 Use of Proceeds 50 Section 8.7 Future Subsidiaries, Security, etc. 51 Section 8.8 Procedures to Ensure Information Dissemination 51 Section 8.9 Further Assurances 51 Section 8.10 Maintenance of Assets 52 Section 8.11 CP Facility Availability 53 ARTICLE IX FINANCIAL COVENANTS 53 Section 9.1 Maximum Senior Leverage Ratio 53 Section 9.2 Minimum Interest Coverage Ratio 53 Section 9.3 Minimum Adjusted Tangible Net Worth 53 ARTICLE X NEGATIVE COVENANTS 54 Section 10.1 Business Activities 54 Section 10.2 Indebtedness 54 Section 10.3 Liens 55 Section 10.4 Investments 56 Section 10.5 Restricted Payments 56 Section 10.6 Issuance of Capital Securities 57 Section 10.7 Consolidation, Merger, etc. 57 Section 10.8 Sale of Assets 57 Section 10.9 Transactions with Affiliates 57 Section 10.10 Restrictive Agreements 58 Section 10.11 Sale and Leaseback 58 Section 10.12 Amendment to Material Documents 58 Section 10.13 Hedging Obligations 59 Section 10.14 Accounting Changes 59 Section 10.15 Subordinated Debt 59 Section 10.16 Upstream Limitations 59 ARTICLE XI EVENTS OF ~~DEFAULT SECTION 8.01~~ DEFAULTS AND REMEDIES 59 Section 11.1 Events of Default 60 59 Section 11.2 Action if Bankruptcy 62 Section 11.3 Action if Other Event of Default 62 Section 11.4 Application of Proceeds 62 ARTICLE IX XII THE ~~AGENT~~AGENT 63 Section 12.1 Actions 63 Section 12.2 Funding Reliance, etc. 63 Section 12.3 Exculpation 64 Section 12.4 Successor 64 Section 12.5 Loans by Agent 64 Section 12.6 Credit Decisions 65 Section 12.7 Reliance by Agent 65 Section 12.8 Defaults 65 ARTICLE XIII MISCELLANEOUS 66 Section 13.1 Waivers, Amendments, etc. 66 Section 13.2 Notices; Time 67 Section 13.3 Payment of Costs and Expenses 68 Section 13.4 Indemnification 69 Section 13.5 Survival 70 Section 13.6 Severability 70 Section 13.7 Headings 70 Section 13.8 Execution in Counterparts, Effectiveness, etc. 70 Section 13.9 Governing Law; Entire Agreement 70 Section 13.10 Successors and Assigns 71 Section 13.11 Assignments and Participations in Loans; Register 71 Section 13.12 Other Transactions 74 Section 13.13 Forum Selection and Consent to Jurisdiction 74 Section 13.14 Waiver of Jury Trial 75 Section 13.15 USA Patriot Act 75

Appears in 1 contract

Samples: Credit Agreement (Resource America Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.01. Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.02. Rules of ~~Time Periods 18 SECTION 1.03~~ Construction 4 Section 1.03. Accounting ~~Terms 18~~ and Financial Determinations 4 ARTICLE ~~II AMOUNTS AND TERMS OF~~ II: THE ~~ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ LOANS Section 2.01. Loans 4 Section 2.02. Note 5 Section 2.03. Scheduled Payments 5 Section 2.04. Prepayments 5 Section 2.05. Interest Provisions 5 Section 2.06. Payments Absolute 6 Section 2.07. Increased Capital Costs 6 Section 2.08. Taxes 6 Section 2.09. Joint and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 Several Liability 7 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 CONDITIONS TO LOANS 7 ARTICLE IV ~~PAYMENTS~~REPRESENTATIONS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 WARRANTIES AND COVENANTS OF BORROWER 8 ARTICLE V ~~CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ SECURITY INTEREST 10 ARTICLE ~~VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII~~ VI: COVENANTS ~~OF THE BORROWER SECTION 7.01~~ Section 6.01. Affirmative Covenants ~~54 SECTION 7.02~~ 10 Section 6.02. Negative Covenants ~~55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58~~ 12 Section 6.03. Indemnity 13 Section 6.04. Performance by Lender 13 ARTICLE ~~VIII~~ VII: EVENTS OF DEFAULT ~~SECTION 8.01~~ Section 7.01. Events of Default 60 14 Section 7.02. Remedies 15 Section 7.03. Use of Proceeds 15 ARTICLE ~~IX THE AGENT~~VIII: MISCELLANEOUS PROVISIONS Section 8.01. Waivers, Amendments 15 Section 8.02. Notices 15 Section 8.03. Severability 16 Section 8.04. Execution in Counterparts 16 Section 8.05. Further Assurance and Corrective Instruments 16 Section 8.06. Time of the Essence 16 Section 8.07. Entire Agreement 16 Section 8.08. Governing Law 16 Section 8.09. Successors and Assigns; Assignments by Lender 16 Section 8.10. Assignments, Participations and Securitizations 16 Section 8.11. Waiver of Jury Trial 17 Section 8.12. Forum Selection and Consent to Jurisdiction 17 Section 8.13. Waiver of Certain Claims 17 SCHEDULES SCHEDULE I - Additional Definitions SCHEDULE II - Additional Conditions Precedent SCHEDULE III - Financial Covenants SCHEDULE IV - Disclosure Statements SCHEDULE V - List of Subsidiaries LOAN AGREEMENT THIS LOAN AGREEMENT (this “Agreement”) dated as of September 17, 2013 among STELLARIS LLC, a Nevada limited liability company (together with its successors and assigns, “Stellaris”), XXXXX CONTRUCTION GROUP, L.L.C. a Florida limited liability company (together with its successors and assigns, “Xxxxx”) and ROCKFORD CORPORATION a Oregon corporation (together with it succesors and assigns, “Rockford”; Stellaris, Xxxxx and Rockford, jointly and severally, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with its successors and assigns, “Lender”).

Appears in 1 contract

Samples: Loan Agreement (Primoris Services Corp)

Appears in 1 contract

Samples: Credit Agreement (Sandridge Energy Inc)

Definitions and Accounting Terms. ~~SECTION~~ 1.01 ~~Certain~~ Defined Terms ~~1 SECTION~~ 2 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 42 1.03 Accounting Terms 18 43 1.08 Times of Day 44 1.05 Exchange Rates; Currency Equivalents 44 1.06 Additional Alternative Currencies 45 1.07 Change of Currency 45 1.08 Times of Day 46 1.09 Letter of Credit Amounts 46 1.10 [Reserved] 46 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 2.01 ~~The Advances 19 SECTION~~ Committed Loans 47 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Committed Loans 48 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION~~ 50 2.04 Swing Line Loans 57 2.05 Prepayments 60 2.06 Termination or Reduction of Commitments 62 2.07 Repayment of Loans 63 2.08 Interest 63 2.09 Fees 64 2.10 Computations; Retroactive Adjustments 65 2.11 Evidence of Debt 65 2.12 Payments Generally; Administrative Agent’s Clawback 66 2.13 Sharing of Payments by Lenders 68 2.14 Designated Borrowers 68 2.15 Increase in Commitments 70 2.16 Cash Collateral 72 2.17 Defaulting Lenders 73 2.18 Designated Lenders 75 2.19 Sustainability Adjustments 75 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 3.01 Taxes 76 3.02 ~~Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION~~ Illegality 80 3.03 ~~Issuing the Letters of Credit 32 SECTION~~ Inability to Determine Rates 81 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs ~~36 SECTION 3.09 Uniform Customs~~ 88 3.05 Compensation for Losses 89 3.06 Mitigation Obligations; Replacement of Lenders 90 3.07 Survival 90 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 4.01 Conditions of Initial Credit Extension 90 4.02 Conditions to all Credit Extensions 92 ARTICLE V. REPRESENTATIONS AND WARRANTIES 5.01 Organization and ~~Practice 37 SECTION 3.10 Reductions~~ Power 93 5.02 Authorization; Enforceable Obligations 93 TABLE OF CONTENTS (continued) Page 5.03 Financial Condition; No Material Adverse Effect 94 5.04 Taxes 94 5.05 Title to Properties 94 5.06 Litigation 94 5.07 Agreements 95 5.08 ERISA Compliance 95 5.09 Margin Regulations; Investment Company Act 95 5.10 Approvals 96 5.11 Subsidiaries and ~~Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Affiliates 96 5.12 Environmental Compliance 96 5.13 No Default 96 5.15 Permits and Licenses 96 5.16 Compliance with Law 96 5.17 Disclosure 96 5.18 Labor Disputes and Acts of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications~~God 97 5.20 Sanctions and Anti-Corruption Laws 97 5.21 Intellectual Property; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of PaymentsLicenses, Etc. ~~46 SECTION 4.04 Evidence~~ 97 5.23 EEA Financial Institutions 97 5.24 Covered Entities 97 5.26 U.K. Pensions 97 ARTICLE VI. AFFIRMATIVE COVENANTS 6.01 Financial Statements 97 6.02 Certificates; Other Information 98 6.03 Notices 99 6.04 Payment of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Obligations 99 6.05 Preservation of Existence, Etc. 100 6.06 Maintenance of Properties 100 6.07 Maintenance of Insurance 100 6.08 Compliance with Laws 100 6.09 Books and Records 100 6.10 Inspection Rights 100 6.11 Use of Proceeds 101 6.12 Additional Subsidiary Guarantors; Additional Security 101 6.13 Designation as Senior Debt 102 6.14 Approvals and Authorizations 102 6.15 Further Assurances 102 6.16 Information Regarding Collateral 102 6.17 Post-Closing Date Obligations 102 6.18 Anti-Corruption Laws 102 ARTICLE ~~V CONDITIONS~~ VII. NEGATIVE COVENANTS 7.01 Liens 102 7.02 Investments 104 7.03 Indebtedness 106 7.04 Fundamental Changes 108 7.05 Dispositions 108 7.06 Restricted Payments 110 7.07 Change in Nature of Business 110 7.08 Transactions with Affiliates 110 TABLE OF ~~LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ CONTENTS (continued) Page 7.09 Burdensome Agreements 111 7.10 Use of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Proceeds 111 7.11 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 111 7.12 Accounting Policies and Procedures 112 7.13 Subordinated Indebtedness 112 7.14 Seller Indebtedness 112 7.16 Sanctions and Anti-Corruption Laws 112 ARTICLE ~~VIII~~ VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 8.01 Events of Default 60 113 8.02 Remedies Upon Event of Default 115 8.03 Application of Funds 115 8.04 Collateral Allocation Mechanism 116 ARTICLE ~~IX THE~~ IX. ADMINISTRATIVE AGENT

Appears in 1 contract

Samples: Credit Agreement (Hain Celestial Group Inc)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Computation of Time Periods ~~18 SECTION 1.03~~ 29 Section 1.3 Accounting ~~Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ Terms; Changes in GAAP 29 Section 1.4 Classes and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion Types of Advances 29 ~~SECTION 2.10 Prepayments~~ Section 1.5 Other Interpretive Provisions 30 Section 1.6 Exchange Rates; Currency Equivalents 30 ARTICLE II CREDIT FACILITIES 30 Section 2.1 Commitments 30 Section 2.2 Evidence of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers~~ Indebtedness 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Section 2.3 Letters of Credit 32 ~~SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit~~ Section 2.4 Borrowings; Procedures and Limitations 38 Section 2.5 Prepayments 41 Section 2.6 Repayment 42 Section 2.7 Fees ~~34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08~~ 43 Section 2.8 Interest 43 Section 2.9 Illegality 44 Section 2.10 Breakage Costs 45 Section 2.11 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 45 Section 2.12 Payments and Computations ~~40 SECTION 4.02~~ 47 Section 2.13 Taxes ~~42 SECTION 4.03 Sharing~~ 49 Section 2.14 Change of ~~Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Lenders 52 Section 2.15 Defaulting Lender Provisions 53 Section 2.16 XXXX Events 55 ARTICLE V III CONDITIONS ~~OF LENDING SECTION 5.01~~ PRECEDENT 56 Section 3.1 Conditions Precedent to ~~Effectiveness of this Agreement 49 SECTION 5.02~~ the Effective Date 56 Section 3.2 Conditions Precedent to Funding Date 56 Section 3.3 Conditions Precedent to Each ~~Advance/Issuance 51~~ Credit Extension 58 Section 3.4 Determinations Under Section 3 59 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 59 Section 4.1 Organization 59 Section 4.2 Authorization 59 Section 4.3 Enforceability 60 Section 4.4 Financial Condition 60 Section 4.5 Ownership and ~~Warranties~~ Liens; Real Property 60 Section 4.6 True and Complete Disclosure 60 Section 4.7 Litigation 61 Section 4.8 Compliance with Agreements 61 Section 4.9 Pension Plans 61 Section 4.10 Environmental Condition 62 Section 4.11 Subsidiaries 62 Section 4.12 Investment Company Act 63 Section 4.13 Taxes 63 Section 4.14 Permits, Licenses, etc 63 Section 4.15 Use of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events Proceeds 63 Section 4.16 Condition of ~~Default 60 ARTICLE IX THE AGENT~~Property; Casualties 63 Section 4.17 Insurance 63 Section 4.18 Security Interest 63

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 Section 1.01 Certain Defined Terms 1 ~~SECTION~~ Section 1.02 Computation of Time Periods ~~18 SECTION~~ 27 Section 1.03 Accounting ~~Terms 18~~ Terms; Changes in GAAP 27 Section 1.04 Types of Advances 27 Section 1.05 Miscellaneous 27 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION~~ CREDIT FACILITIES 28 Section 2.01 ~~The~~ Commitment for Advances ~~19 SECTION~~ 28 Section 2.02 ~~Making the Advances 19 SECTION~~ Borrowing Base 29 Section 2.03 ~~Fees 22 SECTION~~ Method of Borrowing 33 Section 2.04 Reduction ~~and Increase~~ of the ~~Commitments; Reduction and Increase~~ Commitments 35 Section 2.05 Prepayment of ~~the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Advances 35 Section 2.06 Repayment of Advances ~~26 SECTION 2.06 Interest on Advances 26 SECTION~~ 38 Section 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Section 2.08 Fees 44 Section 2.09 Interest 44 Section 2.10 Payments and Computations ~~40 SECTION 4.02 Taxes 42 SECTION 4.03~~ 46 Section 2.11 Sharing of Payments, ~~Etc. 46 SECTION 4.04 Evidence~~ Etc 47 Section 2.12 Breakage Costs 47 Section 2.13 Increased Costs 48 Section 2.14 Taxes 49 Section 2.15 Replacement of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Lenders 53 Section 2.16 Defaulting Lenders 54 Section 2.17 Right to Give Drawdown Notices 57 ARTICLE V III CONDITIONS OF LENDING ~~SECTION 5.01~~ 57 Section 3.01 Conditions Precedent to ~~Effectiveness~~ Initial Borrowings and the Initial Letter of ~~this Agreement 49 SECTION 5.02~~ Credit 57 Section 3.02 Conditions Precedent to ~~Each Advance/Issuance 51~~ All Borrowings 61 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 62 Section 4.01 Existence; Subsidiaries 62 Section 4.02 Power 62 Section 4.03 Authorization and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTApprovals 62 Section 4.04 Enforceable Obligations 63

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation~~ Use of ~~Time Periods 18 SECTION~~ Defined Terms 16 Section 1.03 Accounting Terms 18 16 Section 1.04 Interpretation 17 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF ~~LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01~~ LOANS Section 2.01 Loans 17 Section 2.02 Repayment of Loans; Evidence of Debt 17 Section 2.03 Procedure for Borrowing 18 Section 2.04 Facility Fees and LC Fees 19 Section 2.05 Letters of Credit 20 Section 2.06 Reduction or Termination of Commitments 24 Section 2.07 Optional Prepayments 25 Section 2.08 Mandatory Prepayments 25 Section 2.09 Commitment Increases 25 Section 2.10 Interest 27 Section 2.11 Computation of Interest and Fees 28 Section 2.12 Funding of Borrowings 29 Section 2.13 Pro Rata Treatment and Payments 29 Section 2.14 Increased Cost of Loans 31 ~~SECTION 3.02 Limitation on the Issuance~~ Section 2.15 Illegality 33 Section 2.16 Taxes 34 Section 2.17 Substitute Loan Basis 36 Section 2.18 Certain Prepayments or Continuations 36 Section 2.19 Certain Notices 36 Section 2.20 Minimum Amounts of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice Eurodollar Borrowings 37 ~~SECTION 3.10 Reductions and Increases in Issuing Commitment~~ Section 2.21 Break Funding Payments 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 Section 2.22 Swingline Loans 37 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI III REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01~~ Section 3.01 Representations ~~and Warranties~~ of the Borrower 39 ARTICLE IV AFFIRMATIVE COVENANTS Section 4.01 Financial Statements and Other Information 41 Section 4.02 Notices of Material Events 42 Section 4.03 Compliance with Laws 42 i Page Section 4.04 Use of Proceeds 43 Section 4.05 Maintenance of Property; Insurance 43 Section 4.06 Additional Guarantors 43 Section 4.07 Books and Records; Inspections 43 Section 4.08 Payment of Obligations 44 Section 4.09 Material Contracts 44 ARTICLE V FINANCIAL COVENANTS Section 5.01 Consolidated Leverage Ratio 44 Section 5.02 Consolidated Interest Coverage Ratio 44 ARTICLE VI NEGATIVE COVENANTS Section 6.01 Nature of Business 44 Section 6.02 Liens 44 Section 6.03 Dispositions 46 Section 6.04 Transactions with Affiliates 47 Section 6.05 Indebtedness 48 Section 6.06 Investments 49 Section 6.07 Restricted Payments 50 Section 6.08 Intercompany Payments 50 Section 6.09 Limitations on Sales and Leasebacks 51 ~~ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02~~ Section 6.10 Fundamental Changes 51 Section 6.11 Negative ~~Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Pledge Agreements 51

Appears in 1 contract

Samples: Revolving Credit Agreement (Western Gas Partners LP)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 42 1.03 Accounting Terms ~~18 ARTICLE~~ 43 1.04 Rounding 44 1.05 Times of Day 44 1.06 Letter of Credit Amounts 44 1.07 UCC Terms 44 1.08 Rates 44 Article II ~~AMOUNTS~~ COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 45 2.01 ~~The Advances 19 SECTION~~ Loans 45 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 45 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 47 2.04 Swingline Loans 55 2.05 Prepayments 58 2.06 Termination or Reduction of ~~Letters~~ Commitments 60 2.07 Repayment of ~~Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters~~ Loans 61 2.08 Interest and Default Rate 62 2.09 Fees 63 2.10 Computation of ~~Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased~~ Interest and Fees; Retroactive Adjustments of Applicable Rate 64 2.11 Evidence of Debt 64 2.12 Payments Generally; Administrative Agent’s Clawback 65 2.13 Sharing of Payments by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Lxxxxxx 67 2.14 Cash Collateral ~~40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS,~~ 68 2.15 Defaulting Lenders 68 2.16 Extension of Maturity Date 71 2.17 Incremental Facilities 72 Article III TAXES, ~~EXTENSIONS, ETC~~YIELD PROTECTION AND ILLEGALITY 77 3.01 Taxes 77 3.02 Illegality 81 3.03 Benchmark Replacement 81 3.04 Increased Costs. ~~SECTION~~ 83 3.05 Compensation for Losses 84 3.06 Mitigation Obligations; Replacement of Lenders 84 3.07 Survival 85 Article IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 85 4.01 ~~Payments and Computations 40 SECTION~~ Conditions of Initial Credit Extension 85 4.02 ~~Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE~~ Conditions to all Credit Extensions 87 Article V ~~CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI~~ REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 88 5.01 Existence, Qualification and Power 88 5.02 Authorization; No Contravention 88 5.03 Governmental Authorization; Other Consents 88 5.04 Binding Effect 89 5.05 Financial Statements; No Material Adverse Effect 89 5.06 Litigation 89 5.07 No Default 90 5.08 Ownership of Property 90 5.09 Environmental Matters 90 5.10 Insurance 91 5.11 Taxes 91 5.12 Plan Compliance 91 5.13 Margin Regulations; Investment Company Act 92 5.14 Disclosure 92 5.15 Compliance with Laws 93 5.16 Solvency 93 5.17 Casualty, Etc 93 5.18 Sanctions Concerns and Anti-Corruption Laws 93 5.19 Responsible Officers 93 5.20 Subsidiaries; Equity Interests; Loan Parties 94 5.21 Collateral Representations 94 5.22 EEA Financial Institutions 96 5.23 Beneficial Ownership Certification 96 5.24 Regulation H 96 5.25 Intellectual Property; Licenses, Etc 96 5.26 Labor Matters 97 5.27 Privacy and Data Security 97 Article VI AFFIRMATIVE COVENANTS 97 6.01 ~~Representations~~ Financial Statements 97 6.02 Certificates; Other Information 98 6.03 Notices 100 6.04 Payment of Obligations 101 6.05 Preservation of Existence, Etc 101 6.06 Maintenance of Properties 101 6.07 Maintenance of Insurance 102 6.08 Compliance with Laws 102 6.09 Books and ~~Warranties~~ Records 102 6.10 Inspection Rights 103 6.11 Use of ~~the Borrower 51 ARTICLE~~ Proceeds 103 6.12 Covenant to Guarantee Obligations 103 6.13 Covenant to Give Security 103 6.14 Compliance with Environmental Laws 104 6.15 Anti-Corruption Laws; Sanctions 104 6.16 Approvals and Authorizations 105 6.17 [Reserved] 105 6.18 [Reserved] 105 6.19 Further Assurances 105 6.20 Post-Closing Matters 105 6.21 Designation of Unrestricted Subsidiaries 106 Article VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 107 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 107 7.02 ~~Negative Covenants 55 SECTION~~ Indebtedness 109 7.03 Investments 111 7.04 Fundamental Changes 112 7.05 Dispositions 113 7.06 Restricted Payments 114 7.07 Change in Nature of Business 114 7.08 Transactions with Affiliates 114 7.09 [Reserved] 115 7.10 Use of Proceeds 115 7.11 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~115

Appears in 1 contract

Samples: Credit Agreement (Zeta Global Holdings Corp.)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02 Computation of Time Periods~~ Section 1.2 Accounting Terms; Changes in GAAP 18 ~~SECTION 1.03 Accounting Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ Section 1.3 Classes and ~~Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment~~ Types of Advances ~~26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 18 Section 1.4 Other Interpretive Provisions 19 ARTICLE II. CREDIT FACILITIES 19 Section 2.1 Commitments 19 Section 2.2 Evidence of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Indebtedness 22 Section 2.3 Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 23 Section 2.4 Swingline Advances 27 Section 2.5 Borrowings; Procedures and Limitations 30 Section 2.6 Prepayments 32 Section 2.7 Repayment 33 Section 2.8 Fees 33 Section 2.9 Interest 34 Section 2.10 Illegality 35 Section 2.11 Breakage Costs 35 Section 2.12 Increased Costs 35 Section 2.13 Payments and Computations 37 Section 2.14 Taxes 39 Section 2.15 Mitigation Obligations; Replacement of Lenders 42 Section 2.16 Defaulting Lender 43 ARTICLE III. CONDITIONS PRECEDENT 45 Section 3.1 Conditions Precedent to Initial Credit Extension 45 Section 3.2 Conditions Precedent to Each Credit Extension 47 ARTICLE IV. REPRESENTATIONS AND WARRANTIES 47 Section 4.1 Organization 47 Section 4.2 Authorization 48 Section 4.3 Enforceability 48 Section 4.4 Financial Condition 48 Section 4.5 Ownership and Liens 48 Section 4.6 True and Complete Disclosure 48 Section 4.7 Litigation 49 Section 4.8 No Default 49 Table of Contents (continued) Section 4.9 Pension Plans 49 Section 4.10 Environmental Condition 49 Section 4.11 Subsidiaries 50 Section 4.12 Investment Company Act 50 Section 4.13 Taxes 50 Section 4.14 Permits, Licenses, etc. 51 Section 4.15 Use of Proceeds 51 Section 4.16 Condition of Property; Casualties 51 Section 4.17 Insurance 51 Section 4.18 Anti-Terrorism; Anti-Money Laundering 51 ARTICLE V. AFFIRMATIVE COVENANTS 51 Section 5.1 Organization 51 Section 5.2 Reporting 52 Section 5.3 Insurance 54 Section 5.4 Compliance with Laws 54 Section 5.5 Taxes 55 Section 5.6 Records; Inspection 55 Section 5.7 Maintenance of Property 55 Section 5.8 Compliance with Anti-Corruption Laws and Sanctions 55 ARTICLE VI. NEGATIVE COVENANTS 55 Section 6.1 Debt 55 Section 6.2 Liens 56 Section 6.3 Reserved 57 Section 6.4 Acquisitions 57 Section 6.5 Restrictive Agreements 57 Section 6.6 Use of Proceeds; Use of Letters of Credit ~~Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters~~ 57 Section 6.7 Corporate Actions; Fundamental Changes 57 Section 6.8 Sale of ~~Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter~~ Assets 58 Section 6.9 Restricted Payments 58 Section 6.10 Affiliate Transactions 58 Section 6.11 Line of ~~Credit Fees 34 SECTION 3.07 Indemnification; Nature~~ Business 58 Section 6.12 Compliance with ERISA 58 Section 6.13 Hedging Arrangements 59 Section 6.14 Funded Leverage Ratio 59 Table of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTContents (continued)

Appears in 1 contract

Samples: Credit Agreement (Helmerich & Payne, Inc.)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ 1 Section 1.1 Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.2 Use of ~~Time Periods 18 SECTION 1.03~~ Defined Terms 37 Section 1.3 Certain Rules of Construction 37 Section 1.4 Accounting ~~Terms 18 ARTICLE II AMOUNTS~~ and Financial Determinations 38 Section 1.5 Rounding 38 Section 1.6 Pro Forma Calculations 38 Section 1.7 Amendment and Restatement; No Novation 38 Article II. COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04~~ CREDIT EXTENSIONS 39 Section 2.1 Commitments 39 Section 2.2 Reduction ~~and Increase~~ of the ~~Commitments; Reduction~~ Commitment Amounts 40 Section 2.3 Borrowing Procedures 40 Section 2.4 Continuation and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Elections 41 Section 2.5 Funding 41 Section 2.6 Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 42 Section 2.7 Swing Line Loans 47 Section 2.8 Notes 49 Section 2.9 Cashless Settlement 49 Section 2.10 Increase in Commitment 49 Article III. PAYMENTS, INTEREST AND FEES 53 Section 3.1 Repayments and Prepayments 53 Section 3.2 Interest Provisions 56 Section 3.3 Fees 57 Section 3.4 Administrative Agent’s Fees, etc 58 Article IV. YIELD PROTECTION, TAXES AND RELATED PROVISIONS 58 Section 4.1 Eurodollar Rate Lending Unlawful 58 Section 4.2 Inability to Determine Rates 58 Section 4.3 Increased Costs, Generally 59 Section 4.4 Funding Losses 60 Section 4.5 Increased Capital Requirements 61 Section 4.6 Certificates for Reimbursement; Delay in Request 61 Section 4.7 Taxes 61 Section 4.8 Payments, Interest Calculations, etc. 65 Section 4.9 Sharing of ~~Letters~~ Payments 66 Section 4.10 Setoff 67 Section 4.11 Use of ~~Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters~~ Proceeds 67 Section 4.12 Funding and Payment Reliance, etc 68 Section 4.13 Designation of ~~Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased~~ a Different Lending Office 69 Section 4.14 Replacement of Lenders 69 Section 4.15 Defaulting Lenders 70 Section 4.16 Cash Collateral by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower ~~Guaranty 47 ARTICLE V~~ 72 Article V. CONDITIONS ~~OF LENDING SECTION 5.01~~ PRECEDENT TO CREDIT EXTENSIONS 73 Section 5.1 Conditions ~~Precedent~~ to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTEffective Date 73

Appears in 1 contract

Samples: Credit Agreement (GrubHub Inc.)

Definitions and Accounting Terms. ~~SECTION 1.01~~ Section 1.01. Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.02. Computation of Time Periods ~~18 SECTION 1.03~~ 23 Section 1.03. Accounting Terms 18 24 Section 1.04. Pro Forma Calculations 24 Section 1.05. Divisions 24 Section 1.06. Benchmark Replacement 24 ARTICLE ~~II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01~~ 2 Amounts and Terms Of The Advances ~~19 SECTION 2.02~~ Section 2.01. The Advances 24 Section 2.02. Making the Advances ~~19 SECTION 2.03~~ 26 Section 2.03. [Reserved] 27 Section 2.04. Fees ~~22 SECTION 2.04~~ 27 Section 2.05. Termination or Reduction ~~and Increase~~ of the ~~Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Commitments 28 Section 2.06. Repayment of Advances ~~26 SECTION 2.06~~ 29 Section 2.07. Interest on Advances ~~26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08~~ 29 Section 2.08. Interest Rate Determination ~~27 SECTION 2.09 Voluntary~~ 29 Section 2.09. Optional Conversion of Advances ~~29 SECTION 2.10~~ 31 Section 2.10. Prepayments of Advances ~~29 SECTION 2.11~~ 32 Section 2.11. Increased Costs ~~29 SECTION 2.12~~ 32 Section 2.12. Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETCSection 2.13. ~~SECTION 4.01~~ Payments and Computations ~~40 SECTION 4.02~~ 34 Section 2.14. Taxes ~~42 SECTION 4.03~~ 36 Section 2.15. Sharing of Payments, ~~Etc~~Etc 39 Section 2.16. ~~46 SECTION 4.04~~ Evidence of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Debt 40 Section 2.17. Use of Proceeds 40 Section 2.18. Increase in the Aggregate Commitments 41 Section 2.19. Extension of Termination Date 42 Section 2.20. Defaulting Lenders 43 Section 2.21. Mitigation Obligations; Replacement of Lenders 44 Section 2.22. Termination of Borrowers 45 Section 2.23. Benchmark Replacement 45 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01~~ 3 Conditions to Effectiveness and Lending Section 3.01. Conditions Precedent to Effectiveness of ~~this Agreement 49 SECTION 5.02~~ Section 2.01 46 Section 3.02. Initial Advance to Each Designated Subsidiary 47 Section 3.03. Conditions Precedent to Each ~~Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations~~ Borrowing, Commitment Increase and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTCommitment Extension 48 Section 3.04. Conditions Precedent to Additional Commitment Availability Date 49 Section 3.05. Determinations Under Section 3.01, 3.02 and 3.04 50

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

Definitions and Accounting Terms. ~~SECTION~~ 5 1.01 ~~Certain~~ Defined ~~Terms 1 SECTION~~ Terms; Accounting Treatment; Borrowers’ Agent and Liabilities 5 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 36 1.03 Accounting Terms 18 37 1.04 Rounding 38 1.05 Times of Day; Rates 38 1.06 Letter of Credit Amounts 38 1.07 Calculation of Values 38 1.08 Joint and Several Liability of the Borrowers 38 1.09 Appointment of Principal Borrower as Agent for Borrowers 40 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 40 2.01 The ~~Advances 19 SECTION~~ Loans 40 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 40 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION~~ 42 2.04 Prepayments 49 2.05 Termination or Reduction of Commitments 49 2.06 Repayment of Loans 50 2.07 Interest 50 2.08 Fees 51 2.09 Computation of Interest and Fees 52 2.10 Evidence of Debt 52 2.11 Payments Generally; Administrative Agent’s Clawback 52 2.12 Sharing of Payments by Lenders 54 2.13 Maturity Date 54 2.14 Extension of Maturity Date with Respect to the Revolving Credit Facility 54 2.15 Increase in Commitments 55 2.16 Defaulting Lenders 57 2.17 Cash Collateral 58 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 59 3.01 Taxes 59 3.02 ~~Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION~~ Illegality 62 3.03 ~~Issuing the Letters of Credit 32 SECTION~~ Inability to Determine Rates 63 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs ~~36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ 65 3.05 Compensation for Losses 66 3.06 Mitigation Obligations; Replacement of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications;~~ Lenders 66 3.07 Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 66 ARTICLE IV ~~PAYMENTS~~CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 67 4.01 Conditions of Initial Credit Extension 67 4.02 Conditions to all Credit Extensions 68 ARTICLE V REPRESENTATIONS AND WARRANTIES 69 5.01 Existence, ~~TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments~~ Qualification and ~~Computations 40 SECTION 4.02~~ Power; Compliance with Laws 69 5.02 Authorization; No Contravention 69 5.03 Governmental Authorization; Other Consents 69 5.04 Binding Effect 69 5.05 Financial Statements; No Material Adverse Effect 70 5.06 Litigation 70 5.07 No Default 70 5.08 Ownership of Property; Liens 70 5.09 Environmental Compliance 71 5.10 Insurance 71 5.11 Taxes ~~42 SECTION 4.03 Sharing of Payments~~71 5.12 ERISA Compliance 71 5.13 Subsidiaries; Equity Interests 72 5.14 Margin Regulations; Investment Company Act 72 5.15 Disclosure 73 5.16 Compliance with Laws 73 5.17 Intellectual Property; Licenses, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 73 5.18 OFAC 73 5.19 Solvency 74 5.20 Anti-Corruption Laws 74 5.21 Affected Financial Institutions 74 5.22 Covered Entities 74 ARTICLE VI ~~REPRESENTATIONS AND WARRANTIES SECTION~~ AFFIRMATIVE COVENANTS 74 6.01 ~~Representations~~ Financial Statements 74 6.02 Certificates; Other Information 75 6.03 Notices 76 6.04 Payment of Obligations 77 6.05 Preservation of Existence, Etc. 77 6.06 Maintenance of Properties 77 6.07 Maintenance of Insurance 77 6.08 Compliance with Laws 78 6.09 Books and ~~Warranties~~ Records 78 6.10 Inspection Rights 78 6.11 Use of ~~the Borrower 51~~ Proceeds 78 6.12 Additional Guarantors; Release of Guarantors 78 6.13 REIT Status 80 6.14 Environmental Matters 80 6.15 Keepwell 81 6.16 Anti-Corruption Laws; Sanctions 81 ARTICLE VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 81 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 81 7.02 ~~Negative Covenants 55 SECTION~~ Fundamental Changes 81 7.03 Dispositions 82 7.04 Change in Nature of Business 82 7.05 Transactions with Affiliates 82 7.06 Burdensome Agreements 82 7.07 Use of Proceeds 83 7.08 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 83 7.09 Organization Documents 84 7.10 Non-Guarantor Subsidiary Restrictions 84 7.11 Sale Leasebacks 84 7.12 Prepayments of Indebtedness, etc. 84 7.13 Anti-Terrorism Laws; FCPA 84 7.14 Sanctions 84 7.15 ERISA 85 7.16 Anti-Corruption Laws 85 ARTICLE VIII EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 85 8.01 Events of Default 60 85 8.02 Remedies Upon Event of Default 87 8.03 Application of Funds 87 ARTICLE IX ~~THE AGENT~~ADMINISTRATIVE AGENT 88 9.01 Appointment and Authority 88 9.02 Rights as a Lender 88 9.03 Exculpatory Provisions 88 9.04 Reliance by Administrative Agent 89 9.05 Delegation of Duties 89 9.06 Resignation of Administrative Agent 90 9.07 Non Reliance on Administrative Agent and Other Lenders 91 9.08 No Other Duties, Etc. 91 9.09 Administrative Agent May File Proofs of Claim 91 9.10 Guaranty Matters 92 9.11 ERISA Representations 92 9.12 Recovery of Erroneous Payments 93 ARTICLE X MISCELLANEOUS 94 10.01 Amendments, Etc. 94 10.02 Notices; Effectiveness; Electronic Communication 95 10.03 No Waiver; Cumulative Remedies 97 10.04 Expenses; Indemnity; Damage Waiver 97 10.05 Payments Set Aside 99 10.06 Successors and Assigns 99 10.07 Treatment of Certain Information; Confidentiality 102 10.08 Right of Setoff 103 10.09 Interest Rate Limitation 104 10.10 Integration; Effectiveness 104 10.11 Survival of Representations and Warranties 104 10.12 Severability 104 10.13 Replacement of Lenders 104 10.14 Governing Law; Jurisdiction; Etc. 105 10.15 Waiver of Jury Trial 106 10.16 No Advisory or Fiduciary Responsibility 106 10.17 Electronic Execution; Electronic Records; Counterparts 107 10.18 USA PATRIOT Act Notice 107 10.19 Time of the Essence 108 10.20 Existing Revolving Credit Agreement 108 10.21 Acknowledgment and Consent to Bail-In of Affected Financial Institutions 108 10.22 Acknowledgement Regarding Any Supported QFCs 108 10.23 Entire Agreement 109 SCHEDULES

Appears in 1 contract

Samples: Credit Agreement (Highwoods Realty LTD Partnership)

Definitions and Accounting Terms. ~~SECTION 1.01~~ Section 1.01. Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.02. Computation of Time Periods ~~18 SECTION 1.03~~ 21 Section 1.03. Accounting Terms 18 22 Section 1.04. Miscellaneous 22 ARTICLE II ~~AMOUNTS~~ AMOUNT AND TERMS OF THE ADVANCES ~~SECTION 2.01~~ AND LETTERS OF CREDIT Section 2.01. The Advances ~~19 SECTION 2.02~~ 22 Section 2.02. Making the Advances ~~19 SECTION 2.03~~ 22 Section 2.03. Fees ~~22 SECTION 2.04~~ 24 Section 2.04. Repayments of Advances 24 Section 2.05. Interest 25 Section 2.06. Additional Interest on LIBOR Advances 26 Section 2.07. Interest Rate Determination and Protection 26 Section 2.08. Conversion of Advances; Continuation 27 Section 2.09. Optional Prepayments 28 Section 2.10. Increased Costs; Capital Adequacy, Etc 28 Section 2.11. Illegality and Defaulting Lenders 29 Section 2.12. Payments and Computations 30 Section 2.13. Taxes 31 Section 2.14. Sharing of Payments, Etc 33 Section 2.15. Ratable Reduction ~~and Increase~~ or Termination of the Commitments; ~~Reduction and~~ Effect of Termination 34 Section 2.16. Increase of ~~the Swing Line Commitment~~Commitments; Additional ~~Issuing Banks 23 SECTION 2.05 Repayment~~ Lenders 34 Section 2.17. Replacement of ~~Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Lender 35 Section 2.18. Certificates of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Lenders 36 Section 2.19. Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE ~~IV PAYMENTS, TAXES, EXTENSIONS, ETC~~III CONDITIONS Section 3.01. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Initial Conditions Precedent ~~to Effectiveness of this Agreement 49 SECTION 5.02~~ 39 Section 3.02. Additional Conditions Precedent to Each ~~Advance/Issuance 51~~ Advance 40 Section 3.03. Conditions Precedent to Each Letter of Credit 41 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01~~ Section 4.01. Representations and Warranties ~~of the Borrower 51~~ 41 ARTICLE ~~VII~~ V COVENANTS ~~OF THE BORROWER SECTION 7.01~~ Section 5.01. Affirmative Covenants ~~54 SECTION 7.02~~ 45 Section 5.02. Negative Covenants ~~55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58~~ 50 i TABLE OF CONTENTS Page ARTICLE ~~VIII~~ VI EVENTS OF DEFAULT ~~SECTION 8.01~~ Section 6.01. Events of Default 57 Section 6.02. L/C Cash Collateral Accounts 60 ~~ARTICLE IX THE AGENT~~Section 6.03. Application of Amounts Received Following the Occurrence of an Event of Default 60

Appears in 1 contract

Samples: Revolving Credit Agreement (Pride International Inc)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.01. Certain Defined Terms 1 ~~SECTION 1.02 Computation of Time Periods~~ Section 1.02. Other Definitional and Interpretive Provisions 18 ~~SECTION 1.03~~ Section 1.03. Accounting ~~Terms~~ Terms; GAAP 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES ~~SECTION 2.01 The Advances~~ 19 ~~SECTION 2.02~~ Section 2.01. Loans, Etc. 19 Section 2.02. Making the ~~Advances~~ Loans 19 ~~SECTION 2.03~~ Section 2.03. Commitment Fees ~~22 SECTION 2.04~~ 21 Section 2.04. Repayment; Evidence of Debt 21 Section 2.05. Termination or Reduction ~~and Increase~~ of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Commitments 21 Section 2.06. Conversion of ~~Advances 29 SECTION 2.10~~ Loans 21 Section 2.07. Prepayments ~~of Advances 29 SECTION 2.11~~ 22 Section 2.08. Interest 23 Section 2.09. Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTSCosts, ~~TAXES~~Illegality, ~~EXTENSIONS, ETC~~Etc. ~~SECTION 4.01~~ 23 Section 2.10. Payments and Computations ~~40 SECTION 4.02~~ 25 Section 2.11. Taxes ~~42 SECTION 4.03~~ 26 Section 2.12. Sharing of Payments, Etc. ~~46 SECTION 4.04 Evidence~~ 28 Section 2.13. Replacement of ~~Debt/~~Lender 29 Section 2.14. Interest Rate Determination 29 Section 2.15. Borrowings ~~46 SECTION 4.05 Borrower Guaranty 47~~ in Sterling 30 ARTICLE V III REPRESENTATIONS AND WARRANTIES 32 Section 3.01. Organization; Powers 32 Section 3.02. Authorization; Enforceability 32 Section 3.03. Governmental Approvals; No Conflicts 33 Section 3.04. Financial Condition; No Material Adverse Change 33 Section 3.05. Litigation 33 Section 3.06. Compliance with Laws and Agreements 33 Section 3.07. Investment Company Act 34 Section 3.08. Taxes 34 Section 3.09. ERISA 34 Section 3.10. Disclosure 34 Section 3.11. Holding Company Status 34 Section 3.12. Subsidiaries 34 ARTICLE IV CONDITIONS OF LENDING ~~SECTION 5.01~~ 34 Section 4.01. Conditions ~~Precedent~~ to ~~Effectiveness of this Agreement 49 SECTION 5.02~~ Initial Loans 34 Section 4.02. Conditions ~~Precedent~~ to Each ~~Advance/Issuance 51~~ Borrowing 36 ARTICLE V AFFIRMATIVE COVENANTS 36 Section 5.01. Financial Statements and Other Information 36 Section 5.02. Notices of Material Events 37 Section 5.03. Existence; Conduct of Business 38 Section 5.04. Payment of Obligations 38 Section 5.05. Maintenance of Insurance 38 Section 5.06. Books and Records; Inspection Rights 38 Section 5.07. Compliance with Laws and Material Contractual Obligations 39 Section 5.08. Use of Proceeds 39 Section 5.09. Maintenance of Properties, Etc 39 Section 5.10. Subsidiaries. 39 ARTICLE VI ~~REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties~~ NEGATIVE COVENANTS 39 Section 6.01. Fundamental Changes 39 Section 6.02. Other Indebtedness of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTBorrower. 40 Section 6.03.

Appears in 1 contract

Samples: Revolving Credit Agreement (FMR Corp)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Computation of Time Periods ~~18 SECTION 1.03 Accounting Terms 18~~ 12 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03~~ LOANS 12 Section 2.1 Commitments 12 Section 2.2 Competitive Bid Procedure 13 Section 2.3 Committed Borrowing Procedure 15 Section 2.4 Refinancings; Conversions 15 Section 2.5 Fees ~~22 SECTION 2.04~~ 16 Section 2.6 Termination and Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06~~ Commitments 16 Section 2.7 Loans 17 Section 2.8 Loan Accounts 18 Section 2.9 Interest on ~~Advances 26 SECTION 2.07 Additional~~ Loans 18 Section 2.10 Interest on ~~Eurodollar~~ Overdue Amounts 19 Section 2.11 Alternate Rate ~~Advances 27 SECTION 2.08~~ of Interest ~~Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 19 Section 2.12 Prepayment of ~~Advances 29 SECTION 2.10 Prepayments~~ Loans 20 Section 2.13 Reserve Requirements; Change in Circumstances 22 Section 2.14 Change in Legality 22 Section 2.15 Indemnity 23 Section 2.16 Pro Rata Treatment 23 Section 2.17 Sharing of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Setoffs 24 Section 2.18 Payments 25 Section 2.19 Tax Forms 25 Section 2.20 Calculation of LIBO Rates 25 Section 2.21 Booking Loans 25 Section 2.22 Quotation of Rates 25 ARTICLE III ~~AMOUNT AND TERMS OF~~ LETTERS OF CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the~~ 25 Section 3.1 L/C Commitment 25 Section 3.2 Procedure for Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit 26 Section 3.3 Fees ~~34 SECTION 3.07 Indemnification; Nature~~ and Other Charges 26 Section 3.4 L/C Participations 26 Section 3.5 Reimbursement Obligation of the ~~Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Company 27 Section 3.6 Obligations Absolute 27 Section 3.7 Letter of Credit ~~38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ Payments 28 Section 3.8 Applications 28 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING ~~SECTION 5.01~~ 28 Section 4.1 Conditions Precedent ~~to Effectiveness of this Agreement 49 SECTION 5.02~~ 28 Section 4.2 Conditions Precedent to Each ~~Advance/~~Committed Borrowing 29 Section 4.3 Conditions Precedent to Each Competitive Borrowing 29 Section 4.4 Conditions Precedent to Each Letter of Credit Issuance 51 30 Section 4.5 Legal Details 30 ARTICLE VI V REPRESENTATIONS AND WARRANTIES 31 Section 5.1 Organization, Authority and Qualifications 31 Section 5.2 Financial Statements 31 Section 5.3 Compliance with Agreement and Laws 31 Section 5.4 Authorization; No Breach; and Valid Agreements 31 Section 5.5 Litigation and Judgments 31 Section 5.6 Ownership of Properties 32 Section 5.7 Taxes 32 Section 5.8 Approvals Required 32 Section 5.9 Business; Status as Air Carrier 32 Section 5.10 ERISA Compliance 32 Section 5.11 Insurance 32 Section 5.12 Purpose of Loan 32 Section 5.13 Investment Company Act 32 Section 5.14 General 33 ARTICLE VI COVENANTS 33 Section 6.1 Performance of Obligations 33 Section 6.2 Compliance with Laws 33 Section 6.3 Maintenance of Existence Licenses and Franchises: Compliance With Agreements 33 Section 6.4 Maintenance of Properties 33 Section 6.5 Maintenance of Books and Records 34 Section 6.6 Inspection 34 Section 6.7 Insurance 34 Section 6.8 Appraisals 34 Section 6.9 Coverage Ratio 34 Section 6.10 Reporting Requirements 34 Section 6.11 Use of Proceeds 35 Section 6.12 Pool Assets 36 Section 6.13 Restrictions on Liens 37 Section 6.14 Mergers and Dissolutions 37 Section 6.15 Assignment 37 ARTICLE VII EVENTS OF DEFAULT; REMEDIES 37 Section 7.1 Events of Default 37 Section 7.2 Remedies Upon Default 39 Section 7.3 Remedies in General 39 ARTICLE VIII THE AGENTS 40 Section 8.1 Authorization and Action 40 Section 8.2 Agents' Reliance, Etc. 40 Section 8.3 Rights of Agents as Banks 40 Section 8.4 Bank Credit Decision 41 Section 8.5 Agents' Indemnity 41 Section 8.6 Successor Administrative Agent 41 Section 8.7 Notice of Default 42 Section 8.8 Documentation Agents and Syndication Agent 42 ARTICLE IX MISCELLANEOUS 42 Section 9.1 Amendments, Etc 42 Section 9.2 Notices, Etc. 43 Section 9.3 No Waiver; Remedies 44 Section 9.4 Costs, Expenses and Taxes 44 Section 9.5 Indemnity 44 Section 9.6 Right of Setoff 44 SECTION ~~6.01~~ 9.7 GOVERNING LAW 45 Section 9.8 Submission To Jurisdiction; Waivers 45 Section 9.9 Survival of Representations and Warranties 45 Section 9.10 Binding Effect 45 Section 9.11 Successors and Assigns; Participations 45 Section 9.12 Independence of ~~the Borrower 51 ARTICLE VII COVENANTS~~ Covenants 48 Section 9.13 Severability 48 Section 9.14 Integration 48 Section 9.15 Descriptive Headings 48 Section 9.16 Execution in Counterparts 48 Section 9.17 WAIVERS OF ~~THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ JURY TRIAL 48 SCHEDULES Location of Lending Office; Notice Information Schedule I Pool Assets Schedule II EXHIBITS Form of Competitive Bid Request Exhibit A-1 Form of Notice of Committed Borrowing Exhibit A-2 Form of Notice to Banks of Competitive Bid Request Exhibit B Form of Competitive Bid Exhibit C Form of Competitive Note Exhibit D-1 Form of Committed Note Exhibit D-2 Form of Company's Internal Counsel Opinion Exhibit E-1 Form of Company's Outside Counsel Opinion Exhibit E-2 Form of Agents' Counsel Opinion Exhibit E-3 Form of Financial ~~Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events~~ Report Certificate Exhibit F Form of ~~Default 60 ARTICLE IX THE AGENT~~Assignment and Acceptance Exhibit G Form of Appraisal Exhibit H

Appears in 1 contract

Samples: Credit Facility Agreement (Southwest Airlines Co)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 17 1.03 Accounting Terms 18 1.04 Rounding 18 1.05 Times of Day 18 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 18 2.01 ~~The Advances~~ Committed Loans 18 2.02 Borrowings, Conversions and Continuations of Committed Loans 19 ~~SECTION 2.02 Making the Advances 19 SECTION~~ 2.03 Use of Proceeds; Sublimits 20 2.04 [Reserved] 20 2.05 Prepayments 20 2.06 Termination or Reduction of Commitments 21 2.07 Repayment of Loans 21 2.08 Interest 21 2.09 Fees 22 ~~SECTION 2.04 Reduction~~ 2.10 Computation of Interest and ~~Increase~~ Fees; Retroactive Adjustments of ~~the Commitments~~Applicable Margin 22 2.11 Evidence of Debt 23 2.12 Payments Generally; ~~Reduction and Increase~~ Agent’s Clawback 23 2.13 Sharing of ~~the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances~~ Payments 25 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 26 ~~SECTION 2.06 Interest on Advances~~ 3.01 Taxes 26 ~~SECTION 2.07 Additional Interest on Eurodollar Rate Advances~~ 3.02 Illegality 27 ~~SECTION 2.08 Interest Rate Determination~~ 3.03 Inability to Determine Rates 27 ~~SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11~~ 3.04 Increased Costs 27 3.05 Compensation for Losses 29 ~~SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ 3.06 Mitigation Obligations 29 3.07 Survival 29 ARTICLE ~~III AMOUNT AND TERMS OF LETTERS OF~~ IV. CONDITIONS PRECEDENT TO CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01 Letters~~ EXTENSIONS 29 4.01 Conditions of Initial Credit ~~31 SECTION 3.02 Limitation on the Issuance of Letters of~~ Extension 29 4.02 Conditions to all Credit ~~Denominated in Alternative Currencies~~ Extensions 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI V. REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 33 5.01 Existence, Qualification and Power 33 5.02 Authorization; No Contravention 33 5.03 Governmental Authorization; Other Consents 33 5.04 Binding Effect 33 5.05 Financial Statements; No Material Adverse Effect 34 5.06 Litigation 34 5.07 No Default 35 5.08 Ownership of Property; Liens 35 5.09 Environmental Compliance 35 5.10 Insurance 35 5.11 Taxes 35 5.12 ERISA Compliance 35 5.13 Subsidiaries 36 5.14 Margin Regulations; Investment Company Act 36 5.15 Disclosure 36 5.16 Compliance with Laws 37 5.17 Taxpayer Identification Number 37 5.18 Intellectual Property; Licenses, Etc 37 5.19 Rights in Collateral; Priority of Liens 37 5.20 Absence of FAS 150 Liabilities 37 5.21 No Depositing Institution 37 5.22 FERPA Compliance 38 ARTICLE VI. AFFIRMATIVE COVENANTS 38 6.01 ~~Representations~~ Financial Statements 38 6.02 Certificates; Other Information 39 6.03 Notices 40 6.04 Payment of Obligations 41 6.05 Preservation of Existence, Etc 41 6.06 Maintenance of Properties 41 6.07 Maintenance of Insurance 42 6.08 Compliance with Laws 42 6.09 Books and ~~Warranties~~ Records 42 6.10 Inspection Rights 42 6.11 Use of ~~the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Proceeds 42 6.12 Financial Covenants ~~58 SECTION~~ 42 6.13 Additional Guarantors 43 6.14 Collateral Records 43 6.15 Security Interests 43 ARTICLE VII. NEGATIVE COVENANTS 44 7.01 Liens 44 7.02 Investments 45 7.03 Indebtedness 45 7.04 ~~Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~Fundamental Changes 46 7.05 Dispositions 46 7.06 Restricted Payments 47

Appears in 1 contract

Samples: Credit Agreement (Higher One Holdings, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 35 1.03 Accounting Terms 18 35 1.04 Rounding 36 1.05 Times of Day; Rates 36 ARTICLE ~~II AMOUNTS AND TERMS OF~~ II. THE ~~ADVANCES SECTION~~ COMMITMENTS 37 2.01 ~~The Advances 19 SECTION~~ Loans 37 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 37 2.03 ~~Fees 22 SECTION~~ [Intentionally Omitted] 38 2.04 [Intentionally Omitted] 38 2.05 [Intentionally Omitted] 38 2.06 Prepayments 38 2.07 Termination or Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Commitments 39 2.08 Repayment of ~~Advances 26 SECTION 2.06~~ Loans 40 2.09 Interest ~~on Advances 26 SECTION 2.07 Additional~~ 40 2.10 Fees 40 2.11 Computation of Interest ~~on Eurodollar~~ and Fees; Retroactive Adjustments of Applicable Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 41 2.12 Evidence of ~~Advances 29 SECTION 2.10 Prepayments~~ Debt 41 2.13 Payments Generally; Administrative Agent’s Clawback 42 2.14 Sharing of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Payments by Lenders 44 2.15 [Intentionally Omitted] 44 2.16 Incremental Term Loans 44 2.17 [Intentionally Omitted] 45 2.18 Defaulting Lenders 45 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, III. TAXES, ~~EXTENSIONS~~YIELD PROTECTION AND ILLEGALITY 47 3.01 Taxes 47 3.02 Illegality 52 3.03 Inability to Determine Rates 52 3.04 Increased Costs; Reserves on LIBOR Loans 53 3.05 Compensation for Losses 55 3.06 Mitigation Obligations; Replacement of Lenders 55 3.07 Survival 56 ARTICLE IV. CONDITIONS PRECEDENT 56 4.01 Conditions of Effectiveness 56 4.02 Conditions to all Borrowings 58 ARTICLE V. REPRESENTATIONS AND WARRANTIES 59 5.01 Existence, ~~ETC. SECTION 4.01 Payments~~ Qualification and ~~Computations 40 SECTION 4.02~~ Power 59 5.02 Authorization; No Contravention 59 5.03 Governmental Authorization; Other Consents 59 5.04 Binding Effect 59 5.05 Financial Statements; No Material Adverse Effect 60 5.06 Litigation 60 5.07 No Default 60 5.08 Ownership of Property 61 5.09 Environmental Compliance 61 5.10 Insurance 62 5.11 Taxes ~~42 SECTION 4.03 Sharing of Payments~~62 5.12 ERISA Compliance 62 5.13 Subsidiaries; Equity Interests 63 5.14 Margin Regulations; Investment Company Act 63 5.15 Disclosure 64 5.16 Compliance with Laws 64 5.17 Anti-Money Laundering Laws; Anti-Corruption Laws 64 5.18 Intellectual Property; Licenses, Etc. ~~46 SECTION 4.04 Evidence~~ 64 5.19 OFAC; Designated Jurisdictions 65 5.20 Solvency 65 5.21 Casualty, Etc. 65 5.22 Unencumbered Properties 65 5.23 Subsidiary Guarantors 65 ARTICLE VI. AFFIRMATIVE COVENANTS 65 6.01 Financial Statements 65 6.02 Certificates; Other Information 67 6.03 Notices 69 6.04 Payment of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Obligations 70 6.05 Preservation of Existence, Etc. 70 6.06 Maintenance of Properties 70 6.07 Maintenance of Insurance 71 6.08 Compliance with Laws 71 6.09 Books and Records 71 6.10 Inspection Rights 71 6.11 Use of Proceeds 71 6.12 Additional Unencumbered Properties; Additional Guarantors 72 6.13 Compliance with Environmental Laws 73 6.14 Sanctions; Anti-Money Laundering Laws; Anti-Corruption Laws 73 6.15 Further Assurances 73 6.16 Maintenance of REIT Status; New York Stock Exchange or NASDAQ Listing 73 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ VII. NEGATIVE COVENANTS 74 7.01 Liens 74 7.02 Investments 74 7.03 Indebtedness 76 7.04 Minimum Property Condition 76 7.05 Fundamental Changes; Dispositions 76 7.06 Restricted Payments 77 7.07 Change in Nature of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties~~ Business 78 7.08 Transactions with Affiliates 78 7.09 Burdensome Agreements 79 7.10 Use of ~~the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03~~ Proceeds 79 7.11 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 80 7.12 Accounting Changes 80 7.13 Amendment, Waivers and Terminations of Organization Documents 80 7.14 Parent Covenants 80 7.15 Sanctions; Anti-Money Laundering Laws; Anti-Corruption Laws 81 ARTICLE ~~VIII~~ VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 82 8.01 Events of Default 60 82 8.02 Remedies Upon Event of Default 84 8.03 Application of Funds 84 ARTICLE ~~IX THE AGENT~~IX. ADMINISTRATIVE AGENT 85 9.01 Appointment and Authority 85 9.02 Rights as a Lender 85 9.03 Exculpatory Provisions 86 9.04 Reliance by Administrative Agent 87 9.05 Delegation of Duties 88 9.06 Resignation of Administrative Agent 88 9.07 No Other Duties, Etc. 89 9.08 Administrative Agent May File Proofs of Claim 89 9.09 Guaranty Matters 90 ARTICLE X. MISCELLANEOUS 90 10.01 Amendments, Etc. 90 10.02 Notices; Effectiveness; Electronic Communication 92 10.03 No Waiver; Cumulative Remedies; Enforcement 94

Appears in 1 contract

Samples: Term Loan Agreement (Empire State Realty OP, L.P.)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.01. Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.02. Rules of ~~Time Periods 18 SECTION 1.03~~ Construction 4 Section 1.03. Accounting ~~Terms 18~~ and Financial Determinations 4 ARTICLE ~~II AMOUNTS AND TERMS OF~~ II: THE ~~ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ LOANS Section 2.01. Loans 4 Section 2.02. Note 5 Section 2.03. Scheduled Payments 5 Section 2.04. Prepayments 5 Section 2.05. Interest Provisions 5 Section 2.06. Payments Absolute 6 Section 2.07. Increased Capital Costs 6 Section 2.08. Taxes 6 Section 2.09. Joint and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 Several Liability 7 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 CONDITIONS TO LOANS 7 ARTICLE IV ~~PAYMENTS~~REPRESENTATIONS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 WARRANTIES AND COVENANTS OF BORROWER 8 ARTICLE V ~~CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ SECURITY INTEREST 10 ARTICLE ~~VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII~~ VI: COVENANTS ~~OF THE BORROWER SECTION 7.01~~ Section 6.01. Affirmative Covenants ~~54 SECTION 7.02~~ 10 Section 6.02. Negative Covenants ~~55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58~~ 12 Section 6.03. Indemnity 13 Section 6.04. Performance by Lender 14 ARTICLE ~~VIII~~ VII: EVENTS OF DEFAULT ~~SECTION 8.01~~ Section 7.01. Events of Default 60 14 Section 7.02. Remedies 15 Section 7.03. Use of Proceeds 15 ARTICLE ~~IX THE AGENT~~VIII: MISCELLANEOUS PROVISIONS Section 8.01. Waivers, Amendments 16 Section 8.02. Notices 16 Section 8.03. Severability 16 Section 8.04. Execution in Counterparts 16 Section 8.05. Further Assurance and Corrective Instruments 16 Section 8.06. Time of the Essence 16 Section 8.07. Entire Agreement 16 Section 8.08. Governing Law 16 Section 8.09. Successors and Assigns; Assignments by Lender 16 Section 8.10. Assignments, Participations and Securitizations 16 Section 8.11. Waiver of Jury Trial 17 Section 8.12. Forum Selection and Consent to Jurisdiction 17 Section 8.13. Waiver of Certain Claims 18 SCHEDULES SCHEDULE I - Additional Definitions SCHEDULE II - Additional Conditions Precedent SCHEDULE III - Financial Covenants SCHEDULE IV - Disclosure Statements SCHEDULE V - List of Subsidiaries LOAN AGREEMENT THIS LOAN AGREEMENT (this “Agreement”) dated as of December 13, 2012 among STELLARIS, a Nevada limited liability company (together with its successors and assigns, “Stellaris”) and Q3 CONTRACTING, INC. (together with it succesors and assigns, “Q3”; Stellaris and Q3, jointly and severally, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with its successors and assigns, “Lender”).

Appears in 1 contract

Samples: Loan Agreement (Primoris Services Corp)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.1 Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.2 Use of ~~Time Periods 18 SECTION 1.03~~ Defined Terms 38 Section 1.3 Cross-References 38 Section 1.4 Accounting ~~Terms 18~~ and Financial Determinations 38 ARTICLE II ~~AMOUNTS~~ REVOLVING LOAN COMMITMENT AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04~~ BORROWING PROCEDURES, NOTES Section 2.1 Commitments 39 Section 2.2 Increase/Reduction ~~and Increase~~ of the ~~Commitments; Reduction~~ Commitment Amounts 41 Section 2.3 Borrowing Procedures 42 Section 2.4 Continuation and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion ~~of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Elections 44 Section 2.5 Funding 44 Section 2.6 Issuance Procedures 44 Section 2.7 Loan Accounts and Revolving Notes 48 Section 2.8 Intentionally Omitted 49 Section 2.9 Swingline Loan Subfacility 49 ARTICLE III ~~AMOUNT~~ MATURITY DATE; REPAYMENTS, PREPAYMENTS, INTEREST AND ~~TERMS OF LETTERS OF~~ FEES Section 3.1 Maturity Date; Extension Option 51 Section 3.2 Repayments and Prepayments; Application 52 Section 3.3 Interest Provisions 54 Section 3.4 Fees 55 ARTICLE IV CERTAIN LIBO RATE AND OTHER PROVISIONS Section 4.1 LIBO Rate Lending Unlawful 56 Section 4.2 Deposits Unavailable 56 Section 4.3 Change of Circumstances 57 Section 4.4 Replacement of Lender 57 Section 4.5 Funding Losses 58 Section 4.6 Taxes 59 Section 4.7 Change of Lending Office 62 Section 4.8 Payments, Computations, etc. 63 Section 4.9 Sharing of Payments 63 Section 4.10 Setoff 64 ARTICLE V CONDITIONS TO EFFECTIVENESS AND TO FUTURE CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01 Letters~~ EXTENSIONS Section 5.1 Conditions Precedent to Making of ~~Credit 31 SECTION 3.02 Limitation on~~ Loans and the Issuance of Letters of Credit ~~Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of~~ 64 Section 5.2 All Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 Extensions 68 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTWARRANTIES

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotels & Resorts, Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ 1.01. Defined Terms 1 ~~SECTION 1.02~~ 1.02. Other Interpretive Provisions 43 1.03. Accounting Terms 44 1.04. Rounding 44 1.05. Times of Day; Rates 4544 1.06. Currency Equivalents Generally 45 1.07. Concurrent Fixed/Ratio Basket Usage 45 1.08. Limited Condition Transactions 4645 1.09. Cashless Settlement 4746 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS 2.01. The Loans 47 2.02. Borrowings, Conversions and Continuations of Loans 47 2.03. Prepayments 48 2.04. Termination of Commitments 52 2.05. Repayment of Loans 52 2.06. Interest 52 2.07. Fees 53 2.08. Computation of ~~Time Periods 18 SECTION 1.03 Accounting Terms 18~~ Interest and Fees 53 2.09. Evidence of Debt 53 2.10. Payments Generally; Administrative Agent’s Clawback 53 2.11. Sharing of Payments by Lenders 55 2.12. Refinancing Amendment 56 2.13. Incremental Facilities 5756 2.14. Extension of Term Loans 6059 2.15. Defaulting Lenders 6261 ARTICLE ~~II AMOUNTS~~ III TAXES, YIELD PROTECTION AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments~~ILLEGALITY 3.01. Taxes 6362 3.02. Illegality 66 3.03. Inability to Determine Rates 67 3.04. Increased Costs; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest~~ Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 6867 3.05. Compensation for Losses 69 3.06. Mitigation Obligations; Replacement of ~~Advances 29 SECTION 2.10 Prepayments~~ Lenders 69 3.07. Survival 70 3.08. Successor LIBOR 70 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 4.01. Conditions of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Initial Credit Extension 71 4.02. Conditions to All Credit Extensions 7374 ARTICLE ~~III AMOUNT~~ V REPRESENTATIONS AND ~~TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters~~ WARRANTIES 5.01. Existence, Qualification and Power 74 5.02. Authorization; No Contravention 74 5.03. Governmental Authorization; Other Consents 75 5.04. Binding Effect 75 5.05. Financial Statements; No Material Adverse Effect 75 5.06. Litigation 76 5.07. No Default 76 5.08. Ownership of ~~Credit 31 SECTION 3.02 Limitation on the Issuance~~ Property; Liens; Investments 76 5.09. Environmental Compliance 77 5.10. Insurance 78 5.11. Taxes 78 5.12. ERISA Compliance 78 5.13. Restricted Subsidiaries; Equity Interests; Loan Parties 79 5.14. Margin Regulations; Investment Company Act 79 5.15. Disclosure 79 5.16. Compliance with Laws 80 5.17. Intellectual Property; Licenses, Etc 80 5.18. Solvency 80 5.19. OFAC 80 5.20. Anti-Corruption Laws 80 5.21. Money Laundering and Counter-Terrorist Financing Laws 8081 5.22. EEA Financial Institution 81 5.23. ERISA 81 5.24. Beneficial Ownership Certification 81 ARTICLE VI AFFIRMATIVE COVENANTS 6.01. Financial Statements 81 6.02. Certificates; Other Information 82 6.03. Notices 8483 6.04. Payment of ~~Letters~~ Obligations 84 6.05. Preservation of ~~Credit Denominated~~ Existence, Etc 84 6.06. Maintenance of Properties 85 6.07. Maintenance of Insurance 85 6.08. Compliance with Laws 85 6.09. Books and Records 85 6.10. Inspection Rights 85 6.11. Use of Proceeds 86 6.12. Covenant to Guarantee Obligations and Give Security 86 6.13. Compliance with Environmental Laws 90 6.14. Further Assurances 90 6.15. Information Regarding Collateral 91 6.16. Anti-Corruption Laws and Sanctions 91 6.17. Maintenance of Ratings 91 6.18. Designation of Subsidiaries 91 ARTICLE VII NEGATIVE COVENANTS 7.01. Liens 92 7.02. Indebtedness 96 7.03. Investments 103 7.04. Fundamental Changes 106 7.05. Dispositions 107106 7.06. Dividends 109 7.07. Change in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of ~~the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Business 111 7.08. Transactions with Affiliates 111 7.09. Burdensome Agreements 111 7.10. Use of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETCProceeds 112 7.11. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments~~Sanctions 113112 7.12. Prohibition on Division/Series Transactions 113112 7.13. Accounting Changes 113 7.14. Prepayments, Etc. ~~46 SECTION 4.04 Evidence~~ of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ Indebtedness 113 7.15. Amendment, Etc. of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations~~ Indebtedness and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 Organizational Documents 114 7.16. Anti-Corruption Laws 115 ARTICLE VIII EVENTS OF DEFAULT ~~SECTION 8.01~~ AND REMEDIES 8.01. Events of Default 60 115 8.02. Remedies upon Event of Default 118117 8.03. Application of Funds 118 ARTICLE IX ~~THE AGENT~~ADMINISTRATIVE AGENT 9.01. Appointment and Authority 119118 9.02. Rights as a Lender 119 9.03. Exculpatory Provisions 119 9.04. Reliance by Administrative Agent 120 9.05. Delegation of Duties 121120

Appears in 1 contract

Samples: Credit Agreement (Ciena Corp)

Definitions and Accounting Terms. 2 SECTION ~~1.01~~ 1.01. Certain Defined Terms 1 2 SECTION ~~1.02~~ 1.02. Computation of Time Periods 18 23 SECTION ~~1.03~~ 1.03. Accounting Terms 18 23 SECTION 1.04. Permitted Liens 2423 SECTION 1.05. Other Interpretive Provisions 24 ARTICLE II AMOUNTS AND TERMS OF THE ~~ADVANCES~~ LOANS 24 SECTION ~~2.01~~ 2.01. The ~~Advances 19~~ Loans 24 SECTION ~~2.02~~ 2.02. Making the ~~Advances 19~~ Loans 24 SECTION ~~2.03~~ 2.03. Fees 22 2524 SECTION ~~2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ 2.04. Repayment of ~~Advances 26~~ Loans 25 SECTION ~~2.06~~ 2.05. Interest on ~~Advances 26~~ Loans 25 SECTION ~~2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08~~ 2.06. Interest Rate Determination 25 SECTION 2.07. Optional Conversion of Loans 2726 SECTION 2.08. Prepayments of Loans 27 SECTION ~~2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11~~ 2.09. Increased Costs 29 SECTION ~~2.12~~ 2.10. Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC2.11. ~~SECTION 4.01~~ Payments and Computations 40 30 SECTION ~~4.02~~ 2.12. Taxes 42 31 SECTION ~~4.03~~ 2.13. Sharing of Payments, ~~Etc~~Etc 34 SECTION 2.14. ~~46 SECTION 4.04~~ Evidence of ~~Debt/Borrowings 46~~ Debt 35 SECTION ~~4.05 Borrower Guaranty 47~~ 2.15. Use of Proceeds 35 SECTION 2.16. Defaulting Lenders 35 SECTION 2.17. Replacement of Certain Lenders 35 SECTION 2.18. [Reserved] 36 SECTION 2.19. [Reserved] 36 SECTION 2.20. Effect of Conversion to Exit Facility 36 SECTION 2.21. Certain Pledges of Stock 36 ARTICLE V III CONDITIONS OF TO EFFECTIVENESS AND LENDING 3736 SECTION ~~5.01~~ 3.01. Conditions Precedent ~~to Effectiveness of~~ 3736 SECTION 3.02. Determinations Under this Agreement ~~49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ 38 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES 38 SECTION ~~6.01~~ 4.01. Representations and Warranties of the ~~Borrower 51~~ Company 38 ARTICLE ~~VII~~ V COVENANTS OF THE ~~BORROWER~~ COMPANY 4342 SECTION ~~7.01~~ 5.01. Affirmative Covenants 54 4342 SECTION ~~7.02~~ 5.02. Negative Covenants 55 49 SECTION ~~7.03~~ 5.03. Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 57 ARTICLE ~~VIII~~ VI EVENTS OF DEFAULT 5958 SECTION ~~8.01~~ 6.01. Events of Default 60 5958 SECTION 6.02. Application of Funds; Intercreditor Provisions 61 ARTICLE VII GUARANTY 62 SECTION 7.01. Guaranty; Limitation of Liability 62 SECTION 7.02. Guaranty Absolute 63 SECTION 7.03. Waivers and Acknowledgments 64 SECTION 7.04. Subrogation 6564 SECTION 7.05. Guaranty Supplements 65 SECTION 7.06. Subordination 6665 SECTION 7.07. Continuing Guaranty; Assignments 66 ARTICLE VIII THE AGENT 6766 SECTION 8.01. Authorization and Action 6766 SECTION 8.02. Agent Individually 67 SECTION 8.03. Duties of Agent; Exculpatory Provisions 68 SECTION 8.04. Reliance by Agent 69 SECTION 8.05. Indemnification 69 SECTION 8.06. Delegation of Duties 7069 SECTION 8.07. Resignation of Agent 70 SECTION 8.08. Non-Reliance on Agent and Other Lenders 70 SECTION 8.09. Agent May File Proofs of Claim 71 SECTION 8.10. Intercreditor Agreement 7271 ARTICLE IX ~~THE AGENT~~MISCELLANEOUS 72 SECTION 9.01. Amendments, Waivers 72 SECTION 9.02. Notices, Etc 7372 SECTION 9.03. No Waiver; Remedies 74 SECTION 9.04. Costs and Expenses 75 SECTION 9.05. Payments Set Aside 76 SECTION 9.06. Right of Set-off 7776 SECTION 9.07. Binding Effect 77 SECTION 9.08. Assignments and Participations 77 SECTION 9.09. Confidentiality 80 SECTION 9.10. Execution in Counterparts 81 SECTION 9.11. Survival of Representations and Warranties 81 SECTION 9.12. Severability 81 SECTION 9.13. Jurisdiction 8281 SECTION 9.14. PATRIOT Act Notice 8382 SECTION 9.15. Release of Collateral; Termination of Loan Documents 8382 SECTION 9.16. Judgment Currency 83 SECTION 9.17. No Fiduciary Duty 8483 SECTION 9.18. Electronic Execution of Assignments and Certain Other Documents 84 Schedules Exhibits Schedule II - Subsidiary Guarantors and Material Subsidiaries Schedule 1.01(a) - Existing Secured Agreements Schedule 1.01(b) - Other Existing Letters of Credit Schedule 2.01(a) - First Lien Loans Schedule 2.01(b) - Junior Loans Schedule 4.01(f) - Certain Proceedings Schedule 4.01(m) - Material Real Properties Schedule 4.01(q) - Deposit Accounts Schedule 4.01(r) - Material CFCs Schedule 5.01(m) - Foreign Security Interests Schedule 5.01(n) - Post-Closing Obligations Schedule 5.02(a) - Existing Liens Schedule 5.02(d) - Existing Debt Schedule 5.02(e) - Sales, Transfers and Other Dispositions Schedule 5.02(i)(iii) - Existing Intercompany Investments Schedule 5.02(1) - Certain Restrictions Schedule 5.02(o) - Sale Leaseback Transactions Schedule 6.01(f) - Judgments Schedule 9.02 - Agent’s Office; Certain Address for Notices Exhibit A - Form of Term Note Exhibit B - Form of Notice of Borrowing Exhibit C - Form of Assignment and Acceptance Exhibit D - Form of Security Agreement Exhibit F - Form of Guaranty Supplement Exhibit G - Form of Intercreditor Agreement LOAN AGREEMENT This LOAN AGREEMENT, dated as of [ ], 2013, among XXXXXXX KODAK COMPANY, a New Jersey corporation (the “Company”), the U.S. Subsidiaries of the Company party hereto, as Guarantors, the banks, financial institutions and other institutional lenders from time to time party hereto (the “Lenders”), and Wilmington Trust, National Association, as administrative agent and collateral agent for the Lenders. INTRODUCTORY STATEMENT On January 19, 2012 (the “Petition Date”), the Company (such term and each other capitalized term used but not otherwise defined herein having the meaning assigned to it in Section 1.01) and each of the U.S. Subsidiary Guarantors (collectively, the “Debtors”) filed voluntary petitions with the Bankruptcy Court initiating their respective cases that are pending under Chapter 11 of the Bankruptcy Code (the cases of the Company and the U.S. Subsidiary Guarantors, each a “Case” and collectively, the “Cases”) and continued in the possession of their assets and in the management of their business pursuant to Sections 1107 and 1108 of the Bankruptcy Code. Certain of the Lenders provided the Company with certain debtor-in-possession term loan facilities in an aggregate principal amount of $[843,650848,200,000], consisting of (i) first lien “first out”new money term loans in the aggregate principal amount of $$[473,200,000,000, (ii) first lien “last out” term loans in the aggregate principal amount of $[268,650,000],] and (iii) second lien term loans in the aggregate principal amount of $375,000,000, which were deemed made in exchange for certain Second Lien Debt (defined below).

Appears in 1 contract

Samples: Loan Agreement

Definitions and Accounting Terms. ~~SECTION~~ 5 1.01 ~~Certain~~ Defined Terms ~~1 SECTION~~ 5 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 24 1.03 Accounting Terms 18 24 1.04 Rounding 25 1.05 Exchange Rates; Currency Equivalents 25 1.06 Additional Alternative Currencies 25 1.07 Change of Currency 26 1.08 Times of Day 26 1.09 Letter of Credit Amounts 26 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 27 2.01 ~~The Advances 19 SECTION~~ Revolving Loans 27 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 28 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION~~ 30 2.04 Reserved 37 2.05 Prepayments 37 2.06 Termination or Reduction of Aggregate Revolving Commitments 38 2.07 Repayment on Maturity Date 38 2.08 Interest 39 2.09 Fees 39 2.10 Computation of Interest and Fees 40 2.11 Evidence of Debt 40 2.12 Payments Generally; Administrative Agent’s Clawback 41 2.13 Sharing of Payments by Lenders 43 2.14 Designated Borrowers 43 2.15 Cash Collateral 44 2.16 Defaulting Lenders 45 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 48 3.01 Taxes 48 3.02 ~~Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION~~ Illegality 52 3.03 ~~Issuing the Letters of Credit 32 SECTION~~ Inability to Determine Rates 52 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs ~~36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ 53 3.05 Compensation for Losses 54 3.06 Mitigation Obligations; Replacement of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications;~~ Lenders 55 3.07 Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 55 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION~~ GUARANTY 55 4.01 ~~Payments and Computations 40 SECTION~~ The Guaranty 55 4.02 ~~Taxes 42 SECTION~~ Obligations Unconditional 55 4.03 ~~Sharing~~ Reinstatement 56 4.04 Certain Additional Waivers 57 4.05 Remedies 57 4.06 Guarantee of ~~Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Payment; Continuing Guarantee 57 ARTICLE V CONDITIONS ~~OF LENDING SECTION~~ PRECEDENT TO CREDIT EXTENSIONS 57 5.01 Conditions Precedent to Effectiveness ~~of this Agreement 49 SECTION~~ 57 5.02 Conditions Precedent to Each ~~Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the~~ Credit Extension 59 5.03 Conditions Precedent to Initial Advance to Each Designated Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT59

Appears in 1 contract

Samples: Credit Agreement (RR Donnelley & Sons Co)

Definitions and Accounting Terms. ~~SECTION 1.01~~ Section 1.01. Certain Defined Terms ~~1 SECTION 1.02~~ 2 Section 1.02. Computation of Time Periods ~~18 SECTION 1.03~~ 51 Section 1.03. Accounting Terms 18 51 Section 1.04. Terms Generally 52 Section 1.05. [Reserved] 52 Section 1.06. Certain Additional Committed Currencies 53 Section 1.07. Pro Forma Calculations 54 Section 1.08. Classification of Loans and Borrowings 55 ARTICLE II AMOUNTS AND TERMS OF THE TRANCHE B LOANS, TRANCHE B2 LOANS, TERM ADVANCES, REVOLVING CREDIT ADVANCES ~~SECTION 2.01~~ AND LETTERS OF CREDIT Section 2.01. The ~~Advances 19 SECTION 2.02~~ Tranche B Loans 55 Section 2.02. Making the Advances ~~19 SECTION 2.03~~ 58 Section 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit 59 Section 2.04. Fees ~~22 SECTION 2.04~~ 63 Section 2.05. Optional Termination or Reduction ~~and Increase~~ of the ~~Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ Commitments 64 Section 2.06. Repayment of Advances ~~26 SECTION 2.06~~ and Letter of Credit Drawings 64 Section 2.07. Interest on Advances ~~26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08~~ 66 Section 2.08. Interest Rate Determination ~~27 SECTION 2.09 Voluntary~~ 67 Section 2.09. Optional Conversion of Advances ~~29 SECTION 2.10~~ 70 Section 2.10. Prepayments of Advances ~~29 SECTION 2.11~~ 70 Section 2.11. Increased Costs ~~29 SECTION 2.12~~ 73 Section 2.12. Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC74 Section 2.13. ~~SECTION 4.01~~ Payments and Computations ~~40 SECTION 4.02~~ 75 Section 2.14. Taxes ~~42 SECTION 4.03~~ 77 Section 2.15. Sharing of Payments, Etc. ~~46 SECTION 4.04~~ 81 Section 2.16. Evidence of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Debt 81 Section 2.17. Use of Proceeds 82 Section 2.18. Mitigation Obligations; Replacement of Lenders 83 Section 2.19. Cash Collateral 84 Section 2.20. Defaulting Lenders 85 Section 2.21. [Reserved] 88 Section 2.22. Extension of Termination Date 88 * The Table of Contents is not part of this Agreement. Section 2.23. Incremental Facilities 89 Section 2.24. Specified Refinancing Debt 93 ARTICLE V III CONDITIONS OF TO EFFECTIVENESS AND LENDING ~~SECTION 5.01~~ Section 3.01. Conditions Precedent to Effectiveness ~~of this Agreement 49 SECTION 5.02~~ 94 Section 3.02. Conditions Precedent to a Borrowing on the Engility Closing Date 99 Section 3.03. Conditions Precedent to a Borrowing on the Fall-Away Date 102 Section 3.04. Conditions Precedent to Each ~~Advance/~~Revolving Credit Borrowing and Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT102

Appears in 1 contract

Samples: Second Amendment (Science Applications International Corp)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1. Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2. Computation of Time Periods ~~18 SECTION 1.03~~ 21 Section 1.3. Accounting ~~Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments~~Terms; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment~~ Changes in GAAP 21 Section 1.4. Types of Advances 22 Section 1.5. Miscellaneous 22 ARTICLE 2 CREDIT FACILITY 22 Section 2.1. Commitments 22 Section 2.2. Advances 23 Section 2.3. Prepayments 25 Section 2.4. Repayment 26 ~~SECTION 2.06~~ Section 2.5. Fees 27 Section 2.6. Interest ~~on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances~~ 27 ~~SECTION 2.08 Interest Rate Determination~~ Section 2.7. Illegality 27 ~~SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11~~ Section 2.8. Breakage Costs 28 Section 2.9. Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC28 Section 2.10. ~~SECTION 4.01~~ Payments and Computations ~~40 SECTION 4.02~~ 29 Section 2.11. Taxes ~~42 SECTION 4.03 Sharing~~ 30 Section 2.12. Replacement of ~~Payments, Etc~~Lenders 34 Section 2.13. ~~46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ [Reserved] 34 Section 2.14. Incremental Advances 34 ARTICLE V 3 CONDITIONS OF LENDING ~~SECTION 5.01~~ 36 Section 3.1. Conditions Precedent to ~~Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ Initial Borrowings 36 Section 3.2. Determinations Under Section 3.1 38 ARTICLE VI 4 REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ 39 Section 4.1. Organization 39 Section 4.2. Authorization 39 Section 4.3. Enforceability 39 Section 4.4. Financial Condition 39 Section 4.5. Ownership and ~~Warranties~~ Liens; Real Property 40 Section 4.6. True and Complete Disclosure 40 Section 4.7. Litigation 40 Section 4.8. Compliance with Agreements 40 Section 4.9. Pension Plans 41 Section 4.10. Environmental Condition 41 Section 4.11. Subsidiaries 42 Section 4.12. Investment Company Act 42 Section 4.13. Taxes 42 Section 4.14. Permits, Licenses, etc 42 Section 4.15. Use of ~~the Borrower 51~~ Proceeds 43 -i- NY\6260051.12 Section 4.16. Condition of Property; Casualties 43 Section 4.17. Insurance 43 Section 4.18. Security Interest 43 Section 4.19. OFAC; Anti-Terrorism; Patriot Act; FCPA 43 Section 4.20. Solvency 44 Section 4.21. Status as Senior Debt 44 ARTICLE ~~VII~~ 5 AFFIRMATIVE COVENANTS ~~OF THE BORROWER SECTION 7.01 Affirmative Covenants~~ 44 Section 5.1. Organization 44 Section 5.2. Reporting 44 Section 5.3. Insurance 46 Section 5.4. Compliance with Laws 47 Section 5.5. Taxes 47 Section 5.6. New Subsidiaries 47 Section 5.7. Security 47 Section 5.8. Deposit Accounts 48 Section 5.9. Records; Inspection 48 Section 5.9. Maintenance of Property 48 Section 5.11. Royalty Agreements 49 Section 5.12. Further Assurances 49 Section 5.13. Legal Separateness 49 Section 5.14. Post-Closing Obligations 49 ARTICLE 6 NEGATIVE COVENANTS 50 Section 6.1. Debt 50 Section 6.2. Liens 52 Section 6.3. Investments 54 ~~SECTION 7.02 Negative Covenants~~ Section 6.4. Acquisitions 55 ~~SECTION 7.03 Financial Covenants~~ Section 6.5. Agreements Restricting Liens 55 Section 6.6. Use of Proceeds 55 Section 6.7. Corporate Actions; Accounting Changes 56 Section 6.8. Sale of Assets 56 Section 6.9. Restricted Payments 57 Section 6.10. Affiliate Transactions 58 ~~SECTION 7.04 Reporting Requirements~~ Section 6.11. Line of Business 58 ~~ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events~~ Section 6.12. Hazardous Materials 58 Section 6.13. Compliance with ERISA 58 Section 6.14. Sale and Leaseback Transactions 59 Section 6.15. Limitation on Hedging 59 Section 6.16. Landlord Agreements 59 Section 6.17. Operating Leases 60 Section 6.18. Prepayment of ~~Default~~ Certain Debt 60 ~~ARTICLE IX THE AGENT~~Section 6.19. Amendment of Subordinated Debt or Revolving Loan 60 NY\6260051.12

Appears in 1 contract

Samples: Credit Agreement (Hi-Crush Partners LP)

Definitions and Accounting Terms. ~~SECTION~~ RULES OF CONSTRUCTION 1 1.01 ~~Certain Defined Terms~~ DEFINITIONS AND RULES OF CONSTRUCTION 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ COMPUTATION OF TIME PERIODS 10 1.03 ~~Accounting Terms~~ ACCOUNTING TERMS 10 1.04 PRINCIPLES OF CONSTRUCTION 10 ARTICLE II THE CREDIT FACILITY 11 2.01 LOANS 11 2.02 PROCEDURE FOR BORROWING 11 2.03 CONVERSION AND CONTINUATION 11 2.04 EVIDENCE OF INDEBTEDNESS, NOTE 12 2.05 PREPAYMENTS 12 2.06 REDUCTION OR TERMINATION OF COMMITMENT 13 2.07 FEES 13 2.08 INTEREST RATES AND PAYMENTS DATES 13 2.09 INTEREST AND FEE BASIS 14 2.10 METHOD OF PAYMENT 15 2.11 EXTENSION OF COMMITMENT 15 2.12 ADJUSTMENTS TO VALUE 15 ARTICLE III CHANGE IN CIRCUMSTANCES 16 3.01 YIELD PROTECTION 16 3.02 CHANGES IN CAPITAL ADEQUACY REGULATIONS 16 3.03 AVAILABILITY OF EURODOLLAR LOANS 17 3.04 FUNDING REIMBURSEMENT 17 3.05 TAXES 17 3.06 LENDER STATEMENTS, SURVIVAL OF INDEMNITY 18 ARTICLE ~~II AMOUNTS~~ IV CONDITIONS PRECEDENT 18 4.01 CONDITIONS PRECEDENT TO INITIAL LOAN 18 4.02 CONDITIONS PRECEDENT TO EACH LOAN 20 ARTICLE V REPRESENTATIONS AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees~~ WARRANTIES 21 5.01 EXISTENCE AND GOOD STANDING; TRUST AGREEMENT; SUBSIDIARIES 21 5.02 POWER AND AUTHORITY; NO CONFLICT 21 5.03 NO FILINGS OR APPROVALS 22 ~~SECTION 2.04 Reduction and Increase of the Commitments~~5.04 EXECUTION; ~~Reduction and Increase of the Swing Line Commitment~~VALIDITY 22 5.05 FINANCIAL STATEMENTS; ~~Additional Issuing Banks~~ NO MATERIAL ADVERSE EFFECT 22 5.06 NO LITIGATION 22 5.07 NOT A REGULATED BORROWER 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS5.08 COMPLIANCE WITH LAW, ~~TAXES, EXTENSIONS~~AGREEMENTS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS 23 5.09 GOOD TITLE 23 5.10 TAXES 23 (i) 5.11 MARGIN REGULATIONS 24 5.12 MATERIAL ADVERSE EFFECT 24 5.13 NO IMMUNITY FROM JURISDICTION 24 5.14 RANKING OF ~~LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ LOANS; DEBT 24 5.15 MANAGEMENT AGREEMENT 24 5.16 DAIN ACCOUNT 24 5.17 ACCURATE INFORMATION 25 ARTICLE VI ~~REPRESENTATIONS AND WARRANTIES SECTION~~ COVENANTS 25 6.01 ~~Representations and Warranties of the Borrower 51~~ AFFIRMATIVE COVENANTS 25 6.02 NEGATIVE COVENANTS 29 ARTICLE VII ~~COVENANTS OF THE BORROWER SECTION~~ DEFAULTS 32 7.01 ~~Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII~~ EVENTS OF DEFAULT ~~SECTION~~ 32 ARTICLE VIII GUARANTY 34 8.01 ~~Events of Default 60~~ GUARANTY BY GUARANTOR 34 8.02 OBLIGATIONS UNCONDITIONAL 35 8.03 STAY OF ACCELERATION 36 8.04 SUBROGATION 36 8.05 SUBORDINATION 36 8.06 CUMULATIVE REMEDIES 36 8.07 WAIVERS 36 8.08 SURVIVAL OF GUARANTY 37 ARTICLE IX ~~THE AGENT~~MISCELLANEOUS 37 9.01 AMENDMENTS AND WAIVERS 37 9.02 NOTICES 37 9.03 PRESERVATION OF RIGHTS 38 9.04 EXPENSES; INDEMNITY 39 9.05 BINDING EFFECT 39 9.06 SUCCESSORS AND ASSIGNS; PARTICIPATIONS 39 9.07 JUDGMENT CURRENCY 40 9.08 SEVERABILITY 41 9.09 COUNTERPARTS 41 9.10 SURVIVAL 41 9.11 NO FIDUCIARY RELATIONSHIP; NO JOINT VENTURE 41 9.12 RIGHT OF SET-OFF 41 9.13 ENTIRE AGREEMENT 42 9.14 GOVERNING LAW 42 9.15 SUBMISSION TO JURISDICTION; WAIVER OF IMMUNITY 42 9.16 CUSTOMER IDENTIFICATION PROGRAM REQUIREMENTS 42 9.17 RECORDINGS 43 9.18 WAIVER OF JURY TRIAL 43 9.19 WAIVER OF CERTAIN CLAIMS 43 (ii) EXHIBITS Exhibit A: Form of Note Exhibit B: Form of Notice of Borrowing Exhibit C: Form of Notice of Conversion Exhibit D: Form of Request for Extension SCHEDULES Schedule 5.01: Subsidiaries Schedule 5.09: Existing Liens Schedule 5.14: Existing Debt

Appears in 1 contract

Samples: Credit Agreement (Alesco Financial Inc)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 30 1.03 Accounting Terms 18 31 1.04 Rounding 31 1.05 Exchange Rates; Currency Equivalents 32 1.06 Additional Alternative Currencies 32 1.07 Change of Currency 33 1.08 Times of Day 34 1.09 Letter of Credit Amounts 34 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 34 2.01 ~~The Advances 19 SECTION~~ Loans 34 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 34 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION~~ 37 2.04 Prepayments 49 2.05 Termination or Reduction of Commitments 50 2.06 Repayment of Loans 51 2.07 Interest 51 2.08 Fees 52 2.09 Computation of Interest and Fees 52 2.10 Evidence of Debt 52 2.11 Payments Generally; Administrative Agent’s Clawback 53 2.12 Sharing of Payments by Lenders 55 2.13 Designated Borrowers 56 2.14 Increase in Commitments 57 2.15 Cash Collateral 59 2.16 Defaulting Lenders 60 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 62 3.01 Taxes 62 3.02 ~~Limitation~~ Illegality 66 3.03 Inability to Determine Rates 67 3.04 Increased Costs; Reserves on ~~the Issuance~~ Eurocurrency Rate Loans 67 3.05 Compensation for Losses 69 3.06 Mitigation Obligations; Replacement of Lenders 70 3.07 Survival 70 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 70 4.01 Conditions of Initial Credit Extension 70 4.02 Conditions to all Credit Extensions 73 ARTICLE V. REPRESENTATIONS AND WARRANTIES 74 5.01 Organization; Powers 74 5.02 Authorization; Enforceability 75 5.03 Governmental Approvals; No Conflicts 75 5.04 Financial Condition; No Material Adverse Change 75 5.05 Litigation 76 5.06 Compliance with Laws and Agreements 76 5.07 Investment Company Status 76 5.08 Taxes 76 5.09 Pension-Related Matters 76 5.10 Disclosure 77 5.11 Use of Credit 77 5.12 Subsidiaries 77 5.13 Stamp Taxes 77 5.14 Taxpayer Identification Number 78 5.15 Representations as to Foreign Jurisdiction Matters 78 5.16 First Priority Interest 78 5.17 OFAC 79 ARTICLE VI. AFFIRMATIVE COVENANTS 79 6.01 Financial Statements and Other Information 79 6.02 Notices of Material Events 82 6.03 Existence; Conduct of Business 82 6.04 Insurance 82 6.05 Maintenance of Properties 82 6.06 Payment of Obligations 83 6.07 Financial Accounting Practices 83 6.08 Compliance with Applicable Laws 83 6.09 Use of Letters of Credit ~~Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters~~ and Proceeds of ~~Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification~~Loans 83 6.10 Inspection Rights 84 6.11 Financial Strength Rating 84 6.12 Further Assurances 84 6.13 Collateral Requirements 84 6.14 OFAC; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 PATRIOT Act Compliance 85 ARTICLE ~~IV PAYMENTS, TAXES, EXTENSIONS, ETC~~VII. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 85 7.01 ~~Affirmative Covenants 54 SECTION~~ Fundamental Changes 85 7.02 ~~Negative Covenants 55 SECTION~~ Liens 87 7.03 Transactions with Affiliates 88 7.04 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 88 7.05 Indebtedness 89 7.06 Investments 90 7.07 Restricted Payments 90 7.08 Continuation of and Change in Businesses 91 7.09 Private Act 91 ARTICLE ~~VIII~~ VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 91 8.01 Events of Default ~~60 ARTICLE IX THE AGENT~~91 8.02 Remedies Upon Event of Default 93 8.03 Application of Funds 94

Appears in 1 contract

Samples: Credit Agreement (Axis Capital Holdings LTD)

Definitions and Accounting Terms. 2 SECTION ~~1.01~~ 1.01. Certain Defined Terms 1 2 SECTION ~~1.02~~ 1.02. Computation of Time Periods 18 23 SECTION ~~1.03~~ 1.03. Accounting Terms 18 23 SECTION 1.04. Permitted Liens 2423 SECTION 1.05. Other Interpretive Provisions 24 ARTICLE II AMOUNTS AND TERMS OF THE ~~ADVANCES~~ LOANS 24 SECTION ~~2.01~~ 2.01. The ~~Advances 19~~ Loans 24 SECTION ~~2.02~~ 2.02. Making the ~~Advances 19~~ Loans 24 SECTION ~~2.03~~ 2.03. Fees 22 2524 SECTION ~~2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05~~ 2.04. Repayment of ~~Advances 26~~ Loans 25 SECTION ~~2.06~~ 2.05. Interest on ~~Advances 26~~ Loans 25 SECTION ~~2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08~~ 2.06. Interest Rate Determination 25 SECTION 2.07. Optional Conversion of Loans 2726 SECTION 2.08. Prepayments of Loans 27 SECTION ~~2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11~~ 2.09. Increased Costs 29 SECTION ~~2.12~~ 2.10. Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC2.11. ~~SECTION 4.01~~ Payments and Computations 40 30 SECTION ~~4.02~~ 2.12. Taxes 42 31 SECTION ~~4.03~~ 2.13. Sharing of Payments, ~~Etc~~Etc 34 SECTION 2.14. ~~46 SECTION 4.04~~ Evidence of ~~Debt/Borrowings 46~~ Debt 35 SECTION ~~4.05 Borrower Guaranty 47~~ 2.15. Use of Proceeds 35 SECTION 2.16. Defaulting Lenders 35 SECTION 2.17. Replacement of Certain Lenders 35 SECTION 2.18. [Reserved] 36 SECTION 2.19. [Reserved] 36 SECTION 2.20. Effect of Conversion to Exit Facility 36 SECTION 2.21. Certain Pledges of Stock 36 ARTICLE V III CONDITIONS OF TO EFFECTIVENESS AND LENDING 3736 SECTION ~~5.01~~ 3.01. Conditions Precedent ~~to Effectiveness of~~ 3736 SECTION 3.02. Determinations Under this Agreement ~~49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ 38 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES 38 SECTION ~~6.01~~ 4.01. Representations and Warranties of the ~~Borrower 51~~ Company 38 ARTICLE ~~VII~~ V COVENANTS OF THE ~~BORROWER~~ COMPANY 4342 SECTION ~~7.01~~ 5.01. Affirmative Covenants 54 4342 SECTION ~~7.02~~ 5.02. Negative Covenants 55 49 SECTION ~~7.03~~ 5.03. Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 57 ARTICLE ~~VIII~~ VI EVENTS OF DEFAULT 5958 SECTION ~~8.01~~ 6.01. Events of Default 60 5958 SECTION 6.02. Application of Funds; Intercreditor Provisions 61 ARTICLE VII GUARANTY 62 SECTION 7.01. Guaranty; Limitation of Liability 62 SECTION 7.02. Guaranty Absolute 63 SECTION 7.03. Waivers and Acknowledgments 64 SECTION 7.04. Subrogation 6564 SECTION 7.05. Guaranty Supplements 65 SECTION 7.06. Subordination 6665 SECTION 7.07. Continuing Guaranty; Assignments 66 ARTICLE VIII THE AGENT 6766 SECTION 8.01. Authorization and Action 6766 SECTION 8.02. Agent Individually 67 SECTION 8.03. Duties of Agent; Exculpatory Provisions 68 SECTION 8.04. Reliance by Agent 69 SECTION 8.05. Indemnification 69 SECTION 8.06. Delegation of Duties 7069 SECTION 8.07. Resignation of Agent 70 SECTION 8.08. Non-Reliance on Agent and Other Lenders 70 SECTION 8.09. Agent May File Proofs of Claim 71 SECTION 8.10. Intercreditor Agreement 7271 ARTICLE IX ~~THE AGENT~~MISCELLANEOUS 72 SECTION 9.01. Amendments, Waivers 72 SECTION 9.02. Notices, Etc 7372 SECTION 9.03. No Waiver; Remedies 74 SECTION 9.04. Costs and Expenses 75 SECTION 9.05. Payments Set Aside 76 SECTION 9.06. Right of Set-off 7776 SECTION 9.07. Binding Effect 77 SECTION 9.08. Assignments and Participations 77 SECTION 9.09. Confidentiality 80 SECTION 9.10. Execution in Counterparts 81 SECTION 9.11. Survival of Representations and Warranties 81 SECTION 9.12. Severability 81 SECTION 9.13. Jurisdiction 8281 SECTION 9.14. PATRIOT Act Notice 8382 SECTION 9.15. Release of Collateral; Termination of Loan Documents 8382 SECTION 9.16. Judgment Currency 83 SECTION 9.17. No Fiduciary Duty 8483 SECTION 9.18. Electronic Execution of Assignments and Certain Other Documents 84 LOAN AGREEMENT This LOAN AGREEMENT, dated as of [ ], 2013, among XXXXXXX KODAK COMPANY, a New Jersey corporation (the “Company”), the U.S. Subsidiaries of the Company party hereto, as Guarantors, the banks, financial institutions and other institutional lenders from time to time party hereto (the “Lenders”), and Wilmington Trust, National Association, as administrative agent and collateral agent for the Lenders. INTRODUCTORY STATEMENT On January 19, 2012 (the “Petition Date”), the Company (such term and each other capitalized term used but not otherwise defined herein having the meaning assigned to it in Section 1.01) and each of the U.S. Subsidiary Guarantors (collectively, the “Debtors”) filed voluntary petitions with the Bankruptcy Court initiating their respective cases that are pending under Chapter 11 of the Bankruptcy Code (the cases of the Company and the U.S. Subsidiary Guarantors, each a “Case” and collectively, the “Cases”) and continued in the possession of their assets and in the management of their business pursuant to Sections 1107 and 1108 of the Bankruptcy Code. Certain of the Lenders provided the Company with certain debtor-in-possession term loan facilities in an aggregate principal amount of $[843,650848,200,000], consisting of (i) first lien “first out”new money term loans in the aggregate principal amount of $$[473,200,000,000, (ii) first lien “last out” term loans in the aggregate principal amount of $[268,650,000],] and (iii) second lien term loans in the aggregate principal amount of $375,000,000, which were deemed made in exchange for certain Second Lien Debt (defined below).

Appears in 1 contract

Samples: Loan Agreement

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 79 Section 1.03 Accounting Terms ~~18 ARTICLE~~ 80 Section 1.04 Rounding 80 Section 1.05 References to Agreements, Laws, Etc. 80 Section 1.06 Times of Day 80 Section 1.07 Timing of Payment or Performance 80 Section 1.08 Currency Equivalents Generally 81 Section 1.09 Letter of Credit Amounts 81 Section 1.10 Divisions 81 Section 1.11 Limited Condition Acquisitions 81 Article II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION~~ The Commitments and Credit Extensions Section 2.01 ~~The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase~~ Commitment of the ~~Commitments~~Lenders 83 Section 2.02 Reserves; ~~Reduction~~ Changes to Reserves 84 Section 2.03 Borrowings, Conversions and ~~Increase~~ Continuations of ~~the Swing Line Commitment; Additional Issuing Banks 23 SECTION~~ Revolving Loans 85 Section 2.04 Overadvances 87 Section 2.05 ~~Repayment of Advances 26 SECTION~~ Swingline Loans 87 Section 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 88 Section 2.07 Optional Termination or Reduction of ~~Letters~~ Commitments 93 Section 2.08 Optional Prepayment of ~~Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters~~ Loans; Reimbursement of ~~Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the~~ Lenders ~~33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification~~95 Section 2.09 Mandatory Prepayment; ~~Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing~~ Commitment ~~37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions~~Termination; Cash Collateral ~~40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01~~ 96 Section 2.10 Interest 97 Section 2.11 Fees 98 Section 2.12 Computation of Interest and Fees 99 Section 2.13 Evidence of Indebtedness 99 Section 2.14 Payments ~~and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03~~ Generally 100 Section 2.15 Sharing of ~~Payments~~Payments 102 Section 2.16 Settlement Among Lenders 103 Section 2.17 Additional Commitments 104 Section 2.18 Designation of Lead Borrower as Borrowers’ Agent 109 Section 2.19 Cash Management 110 Section 2.20 Maintenance of Loan Account; Statements of Account 113 Section 2.21 Additional Borrowers 114 Section 2.22 Additional Caribbean Parties 114 Section 2.23 Extension Amendments 115 Section 2.24 Defaulting Lenders 119 Article III Taxes, ~~Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent~~ Increased Costs Protection and Illegality Section 3.01 Taxes 122 Section 3.02 Illegality 125 Section 3.03 Inability to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTDetermine Rates 125

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.1. Defined Terms 1 ~~SECTION 1.02 Computation~~ Section 1.2. Use of ~~Time Periods 18 SECTION 1.03 Accounting~~ Defined Terms 18 Section 1.3. Cross-References 19 Section 1.4. Accounting and Financial Determinations 19 ARTICLE II ~~AMOUNTS~~ COMMITMENT AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances~~ BORROWING PROCEDURES Section 2.1. Commitment 19 ~~SECTION 2.02 Making the Advances~~ Section 2.2. Borrowing Procedure 19 ~~SECTION 2.03 Fees 22 SECTION 2.04~~ Section 2.3. Funding 19 Section 2.4. Reduction ~~and Increase~~ of the ~~Commitments~~Commitment Amounts 20 ARTICLE III REPAYMENTS, PREPAYMENTS, INTEREST AND FEES Section 3.1. Repayments and Prepayments; ~~Reduction~~ Application 20 Section 3.2. Repayments and ~~Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06~~ Prepayments 20 Section 3.3. Application 21 Section 3.4. Interest ~~on Advances 26 SECTION 2.07~~ Rate 21 Section 3.5. Default Rate 21 Section 3.6. Payment Dates 21 Section 3.7. Prepayment Premium 21 Section 3.8. Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Premium Payment ~~Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 21 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC~~LIBO RATE AND OTHER PROVISIONS Section 4.1. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments~~Increased Costs, Etc. ~~46 SECTION 4.04 Evidence~~ 22 Section 4.2. Increased Capital Costs 22 Section 4.3. Taxes 22 Section 4.4. Payments, Computations; Proceeds of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Collateral, Etc. 24 Section 4.5. Setoff 25 Section 4.6. LIBO Rate Not Determinable 25 ARTICLE V CONDITIONS ~~OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ TO MAKING THE LOANS Section 5.1. Credit Extensions 25 Section 5.2. Secretary’s Certificate, Etc. 26 Section 5.3. Closing Date Certificate 26 Section 5.4. Payment of ~~this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51~~ Outstanding Indebtedness, Etc. 27 Section 5.5. Delivery of Note 27 Section 5.6. Financial Information, Etc. 27 Section 5.7. Compliance Certificate 27 Section 5.8. Solvency, Etc. 27 Section 5.9. Guarantee 27 Section 5.10. Security Documents 28 Section 5.11. [Intentionally Omitted] 28 Section 5.12. Opinions of Counsel 28 Section 5.13. Insurance 28 Section 5.14. Closing Fees, Expenses, Etc. 29 Section 5.15. Anti-Terrorism Laws 29 Section 5.16. Satisfactory Legal Form 29 Section 5.17. Disclosure Schedules 29 Section 5.18. Second Tranche Loan Security Documents 29 ARTICLE VI REPRESENTATIONS AND WARRANTIES ~~SECTION 6.01 Representations~~ Section 6.1. Organization, Etc. 29 Section 6.2. Due Authorization, Non-Contravention, Etc. 30 Section 6.3. Government Approval, Regulation, Etc. 30 Section 6.4. Validity, Etc. 30 Section 6.5. Financial Information 30 Section 6.6. No Material Adverse Change 30 Section 6.7. Litigation, Labor Matters and ~~Warranties~~ Environmental Matters 30 Section 6.8. Subsidiaries 31 Section 6.9. Ownership of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events Properties 31 Section 6.10. Taxes 31 Section 6.11. Benefit Plans, Etc. 31 Section 6.12. Accuracy of ~~Default 60 ARTICLE IX THE AGENT~~Information 32 Section 6.13. Regulations U and X 32 Section 6.14. Solvency 32 Section 6.15. Intellectual Property 32 Section 6.16. Material Agreements 34 Section 6.17. Permits 34 Section 6.18. Regulatory Matters 34 Section 6.19. Transactions with Affiliates 37 Section 6.20. Investment Company Act 37 Section 6.21. OFAC 37 Section 6.22. Holding Companies; Excluded Subsidiaries 37 Section 6.23. Deposit and Disbursement Accounts 37

Appears in 1 contract

Samples: Credit Agreement (GC Aesthetics PLC)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 29 1.03 Accounting Terms ~~18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase~~ 30 1.04 Rounding 31 1.05 Times of ~~the Commitments~~Day 31 1.06 Letter of Credit Amounts 31 1.07 Exchange Rates; ~~Reduction and Increase of the Swing Line Commitment;~~ Currency Equivalents 31 1.08 Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers Alternative Currencies 31 ARTICLE ~~III AMOUNT~~ II. THE COMMITMENTS AND ~~TERMS OF LETTERS OF~~ CREDIT ~~AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies~~ EXTENSIONS 32 ~~SECTION 3.03 Issuing the~~ 2.01 Letters of Credit 32 ~~SECTION 3.04 Reimbursement~~ 2.02 Cash Collateralization Requirement 42 2.03 Termination or Reduction of Commitments 42 2.04 Interest 43 2.05 Commitment Fee and Early Termination Fee 43 2.06 Computation of Interest and Fees 44 2.07 Evidence of Debt 44 2.08 Payments Generally; Administrative Agent’s Clawback 44 2.09 Sharing of Payments by Participating Banks 46 2.10 [Reserved] 46 2.11 [Reserved] 46 2.12 Cash Collateral 46 2.13 Defaulting Participating Banks 48 2.14 Respective Obligations ~~33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter~~ of Credit ~~Fees 34 SECTION 3.07 Indemnification~~Parties; ~~Nature of the Issuing Banks’ Duties 35 SECTION 3.08~~ Additional Credit Parties 50 2.15 ESG Amendment 52 2.16 Sustainability Coordinator 52 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 52 3.01 Taxes 52 3.02 Increased Costs ~~36 SECTION 3.09 Uniform Customs~~ 57 3.03 Mitigation Obligations; Replacement of Participating Banks 58 3.04 Survival 59 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 59 4.01 Conditions to Effectiveness 59 4.02 Conditions to all Credit Extensions 61 ARTICLE V. REPRESENTATIONS AND WARRANTIES 62 5.01 Existence, Qualification and ~~Practice 37 SECTION 3.10 Reductions~~ Power 62 5.02 Authorization; No Contravention 62 5.03 Governmental Authorization; Other Consents 62 5.04 Binding Effect 62 5.05 Financial Statements 62 5.06 Litigation 63 5.07 No Event of Default 63 5.08 Ownership of Property 63 5.09 Taxes 63 5.10 ERISA Compliance 63 5.11 Margin Regulations; Investment Company Act 64 5.12 Disclosure 64 5.13 Compliance with Laws 65 5.14 Anti-Corruption Laws and ~~Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Sanctions 65 5.15 Plan Assets; Prohibited Transactions 65 5.16 Pari Passu Status 65 ARTICLE VI. AFFIRMATIVE COVENANTS 66 6.01 Financial Statements 66 6.02 Certificates; Other Information 66 6.03 Notices 69 6.04 Payment of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival~~ Taxes 69 6.05 Preservation of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of PaymentsExistence, Etc. ~~46 SECTION 4.04 Evidence~~ 69 6.06 Maintenance of ~~Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Properties 69 6.07 Maintenance of Insurance 70 6.08 Compliance with Laws 70 6.09 Books and Records 70 6.10 Inspection Rights 70 6.11 Use of Proceeds 70 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII VII. NEGATIVE COVENANTS ~~OF THE BORROWER SECTION~~ 71 7.01 ~~Affirmative Covenants 54 SECTION~~ Liens 71 7.02 ~~Negative Covenants 55 SECTION~~ Indebtedness 71 7.03 Merger or Consolidation 71 7.04 Dispositions 71 7.05 Transactions with Affiliates 71 7.06 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58~~ 72 7.07 Line of Business 72 7.08 Use of Proceeds 72 ARTICLE ~~VIII~~ VIII. EVENTS OF DEFAULT ~~SECTION~~ AND REMEDIES 72 8.01 Events of Default 60 72 8.02 Remedies Upon Event of Default 75 8.03 Application of Funds 75 ARTICLE ~~IX THE AGENT~~IX. ADMINISTRATIVE AGENT 76 9.01 Appointment and Authority 76 9.02 Rights as a Participating Bank 77 9.03 Exculpatory Provisions 77 9.04 Reliance by Administrative Agent 78 9.05 Delegation of Duties 79 9.06 Resignation of Administrative Agent 79 9.07 Non-Reliance on the Administrative Agent and the Other Participating Banks 81 9.08 No Other Duties, Etc. 81

Appears in 1 contract

Samples: Credit Reimbursement Agreement (Reinsurance Group of America Inc)

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

Definitions and Accounting Terms. ~~SECTION~~ Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 Other Interpretive Provisions 54 Section 1.03 Accounting Terms; Calculation of Financial Covenant and other Financial Ratios and Terms 55 Section 1.04 Rounding 56 Section 1.05 Timing of Payment or Performance 56 Section 1.06 Times of Day 56 Section 1.07 Letter of Credit Amounts 56 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS Section 2.01 The Loans 57 Section 2.02 Borrowings, Conversions and Continuations of Loans 57 Section 2.03 Letters of Credit 59 Section 2.04 Swing Line Loans 67 Section 2.05 Prepayments 70 Section 2.06 Termination or Reduction of Commitments 77 Section 2.07 Repayment of Loans 78 Section 2.08 Interest 78 Section 2.09 Fees 79 Section 2.10 Computation of ~~Time Periods 18 SECTION 1.03 Accounting Terms 18~~ Interest and Fees 80 Section 2.11 Evidence of Debt 80 Section 2.12 Payments Generally; Administrative Agent’s Clawback 81 Section 2.13 Sharing of Payments by Lenders 83 Section 2.14 Incremental Credit Extensions 83 Section 2.15 Extensions of Term Loans and Revolving Credit Commitments 87 Section 2.16 Defaulting Lenders 89 Section 2.17 Cash Collateral 91 Section 2.18 Designation of Subsidiaries 93 Section 2.19 Permitted Debt Exchanges 93 Section 2.20 Specified Refinancing Debt 94 ARTICLE ~~II AMOUNTS~~ III TAXES, YIELD PROTECTION AND ~~TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments~~ILLEGALITY Section 3.01 Taxes 97 Section 3.02 Illegality 101 Section 3.03 Inability to Determine Rates 101 Section 3.04 Increased Costs; ~~Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest~~ Reserves on Eurodollar Rate ~~Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ Loans 102 Section 3.05 Compensation for Losses 103 Section 3.06 Mitigation Obligations; Replacement of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders ~~33 SECTION 3.06 Letter of Credit Fees 34 SECTION~~ 104 Section 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival ~~of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40~~ 104 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION~~ CONDITIONS PRECEDENT TO CREDIT EXTENSIONS Section 4.01 ~~Payments and Computations 40 SECTION~~ Conditions to Signing Date 104 Section 4.02 ~~Taxes 42 SECTION~~ Conditions of Initial Credit Extension 106 Section 4.03 ~~Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS~~ Conditions to all Other Credit Extensions 108 TABLE OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTCONTENTS (Continued) Section Page

Appears in 1 contract

Samples: Credit Agreement (Media General Inc)

Definitions and Accounting Terms. ~~SECTION 1.01 Certain~~ Section 1.01. Defined Terms ~~1 SECTION 1.02 Computation of Time Periods 18 SECTION 1.03~~ 2 Section 1.02. Other Interpretive Provisions 88 Section 1.03. Accounting Terms 18 88 Section 1.04. Rounding 89 Section 1.05. References to Agreements and Laws 89 Section 1.06. Times of Day 90 Section 1.07. Timing of Payment or Performance 90 Section 1.08. Currency Equivalents Generally 90 Section 1.09. Letter of Credit Amounts 90 Section 1.10. Pro Forma Calculations 90 Section 1.11. Calculation of Baskets 93 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION 2.01~~ CREDIT EXTENSIONS Section 2.01. The ~~Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ Loans 93 Section 2.02. Borrowings, Conversions and ~~Increase~~ Continuations of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Loans 94 Section 2.03. Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 97 Section 2.04. Swing Line Loans 107 Section 2.05. Prepayments 110 Section 2.06. Termination or Reduction of ~~Letters~~ Commitments 126 Section 2.07. Repayment of Loans 128 Section 2.08. Interest 128 Section 2.09. Fees 129 Section 2.10. Computation of Interest and Fees 130 Section 2.11. Evidence of Indebtedness 131 Section 2.12. Payments Generally; Administrative Agent’s Clawback 132 Section 2.13. Sharing of Payments 134 Section 2.14. Incremental Facilities 135 Section 2.15. Extension of Term Loans and Revolving Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Commitments 138 Section 2.16. Permitted Debt Exchanges 142 Section 2.17. New Incremental Indebtedness 144 Section 2.18. Cash Collateral ~~40 SECTION 3.15 LC Subsidiaries 40~~ 146 Section 2.19. Defaulting Lenders 147 Section 2.20. Specified Refinancing Debt 150 Table of Contents (continued) Page ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01. Taxes 152 Section 3.02. Illegality 157 Section 3.03. Inability to Determine Rates 158 Section 3.04. Increased Cost and Reduced Return; Capital Adequacy 158 Section 3.05. Funding Losses 160 Section 3.06. Matters Applicable to All Requests for Compensation 160 Section 3.07. Replacement of Lenders under Certain Circumstances 162 Section 3.08. Survival 164 ARTICLE IV ~~PAYMENTS, TAXES, EXTENSIONS, ETC~~CONDITIONS PRECEDENT TO CREDIT EXTENSIONS Section 4.01. ~~SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc~~Conditions to Closing Date 164 Section 4.02. ~~46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47~~ Conditions to All Credit Extensions 169 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTV

Appears in 1 contract

Samples: Assignment and Assumption (Tribune Media Co)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02~~ Section 1.2 Computation of Time Periods ~~18 SECTION 1.03 Accounting Terms 18~~ 12 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03~~ LOANS 12 Section 2.1 Commitments 12 Section 2.2 Competitive Bid Procedure 12 Section 2.3 Committed Borrowing Procedure 14 Section 2.4 Refinancings; Conversions 15 Section 2.5 Fees ~~22 SECTION 2.04~~ 16 Section 2.6 Termination and Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06~~ Commitments 16 Section 2.7 Loans 16 Section 2.8 Loan Accounts 17 Section 2.9 Interest on ~~Advances 26 SECTION 2.07 Additional~~ Loans 18 Section 2.10 Interest on ~~Eurodollar~~ Overdue Amounts 19 Section 2.11 Alternate Rate ~~Advances 27 SECTION 2.08~~ of Interest ~~Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 19 Section 2.12 Prepayment of ~~Advances 29 SECTION 2.10 Prepayments~~ Loans 19 Section 2.13 Reserve Requirements; Change in Circumstances 20 Section 2.14 Change in Legality 22 Section 2.15 Indemnity 22 Section 2.16 Pro Rata Treatment 23 Section 2.17 Sharing of ~~Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31~~ Setoffs 23 Section 2.18 Payments 24 Section 2.19 Tax Forms 24 Section 2.20 Calculation of LIBO Rates 25 Section 2.21 Booking Loans 25 Section 2.22 Quotation of Rates 25 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING ~~SECTION 5.01~~ 25 Section 3.1 Conditions Precedent ~~to Effectiveness of this Agreement 49 SECTION 5.02~~ 25 Section 3.2 Conditions Precedent to Each ~~Advance/Issuance 51~~ Committed Borrowing 26 Section 3.3 Conditions Precedent to Each Competitive Borrowing 26 Section 3.4 Legal Details 27 ARTICLE VI IV REPRESENTATIONS AND WARRANTIES 27 Section 4.1 Organization, Authority and Qualifications 27 Section 4.2 Financial Statements 28 Section 4.3 Compliance with Agreement and Laws 28 Section 4.4 Authorization; No Breach; and Valid Agreements 28 Section 4.5 Litigation and Judgments 28 Section 4.6 Ownership of Properties 28 Section 4.7 Taxes 28 Section 4.8 Approvals Required 28 Section 4.9 Business; Status as Air Carrier 29 Section 4.10 ERISA Compliance 29 Section 4.11 Insurance 29 Section 4.12 Purpose of Loan 29 Section 4.13 Investment Company Act 29 Section 4.14 General 29 ARTICLE V COVENANTS 29 Section 5.1 Performance of Obligations 29 Section 5.2 Compliance with Laws 29 Section 5.3 Maintenance of Existence Licenses and Franchises: Compliance With Agreements 30 Section 5.4 Maintenance of Properties 30 Section 5.5 Maintenance of Books and Records 30 Section 5.6 Inspection 30 Section 5.7 Insurance 31 Section 5.8 Appraisals 31 Section 5.9 Coverage Ratio 31 Section 5.10 Reporting Requirements 31 Section 5.11 Use of Proceeds 32 Section 5.12 Pool Assets 32 Section 5.13 Restrictions on Liens 33 Section 5.14 Mergers and Dissolutions 33 Section 5.15 Assignment 34 ARTICLE VI EVENTS OF DEFAULT; REMEDIES 34 Section 6.1 Events of Default 34 Section 6.2 Remedies Upon Default 35 Section 6.3 Remedies in General 36 ARTICLE VII THE AGENTS 36 Section 7.1 Authorization and Action 36 Section 7.2 Agents' Reliance, Etc. 36 Section 7.3 Rights of Agents as Banks 37 Section 7.4 Bank Credit Decision 37 Section 7.5 Agents' Indemnity 37 Section 7.6 Successor Administrative Agent 38 Section 7.7 Notice of Default 38 Section 7.8 Documentation Agents and Syndication Agent 38 ARTICLE VIII MISCELLANEOUS 38 Section 8.1 Amendments, Etc 38 Section 8.2 Notices, Etc. 39 Section 8.3 No Waiver; Remedies 40 Section 8.4 Costs, Expenses and Taxes 40 Section 8.5 Indemnity 40 Section 8.6 Right of Setoff 41 SECTION ~~6.01~~ 8.7 GOVERNING LAW 41 Section 8.8 Submission To Jurisdiction; Waivers 41 Section 8.9 Survival of Representations and Warranties 41 Section 8.10 Binding Effect 41 Section 8.11 Successors and Assigns; Participations 42 Section 8.12 Independence of Covenants 44 Section 8.13 Severability 44 Section 8.14 Integration 44 Section 8.15 Descriptive Headings 44 Section 8.16 Execution in Counterparts 45 Section 8.17 WAIVERS OF JURY TRIAL 45 SCHEDULES Location of Lending Office; Notice Information Schedule I Pool Assets Schedule II EXHIBITS Form of Competitive Bid Request Exhibit A-1 Form of Notice of Committed Borrowing Exhibit A-2 Form of Notice to Banks of Competitive Bid Request Exhibit B Form of Competitive Bid Exhibit C Form of Competitive Note Exhibit D-1 Form of Committed Note Exhibit D-2 Form of Company's Internal Counsel Opinion Exhibit E-1 Form of Company's Outside Counsel Opinion Exhibit E-2 Form of Agents' Counsel Opinion Exhibit E-3 Form of Financial Report Certificate Exhibit F Form of Assignment and Acceptance Exhibit G Form of Appraisal Exhibit H 364-DAY COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT 364-DAY COMPETITIVE ADVANCE AND REVOLVING CREDIT FACILITY AGREEMENT dated as of April 23, 2002, among SOUTHWEST AIRLINES CO., a Texas corporation (the "Company"), the Banks, JPMORGAN CHASE BANK, a New York banking corporation, as administrative agent for the Banks (in such capacity, the "Administrative Agent"), CITIBANK, N.A., a national banking association, as syndication agent for the Banks (in such capacity, the "Syndication Agent"), BANK ONE CORPORATION, a Delaware corporation and SUNTRUST BANK, a Georgia corporation, as documentation agents for the Banks (collectively, in such capacity, the "Documentation Agents"). The Company has requested the Banks to extend credit to the Company in order to enable it to borrow on a revolving credit basis on and after the Effective Date and at any time and from time to time prior to the Termination Date (each as herein defined) in an aggregate principal amount not in excess of $287,500,000 at any time outstanding. The maturity of such borrowings may be extended by one year pursuant to a term-out option described herein. The Company has also requested the Banks to provide a procedure pursuant to which the Company may designate that all of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTBanks be invited to bid on an uncommitted basis on borrowings by the Company scheduled to mature on or prior to the Termination Date. The Banks are willing to extend such credit to the Company on the terms and conditions herein set forth. Accordingly, the Company, the Agents, and the Banks agree as follows:

Appears in 1 contract

Samples: Credit Facility Agreement (Southwest Airlines Co)

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 32 1.03 Accounting Terms 18 33 1.04 Rounding 34 1.05 Times of Day 34 1.06 Letter of Credit Amounts 34 1.07 Pro Forma Calculations 34 ARTICLE ~~II AMOUNTS~~ II. THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 34 2.01 ~~The Advances 19 SECTION~~ Committed Loans 34 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Committed Loans 35 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION~~ 37 2.04 Swing Line Loans 46 2.05 Prepayments 49 2.06 Termination or Reduction of Commitments 50 2.07 Repayment of Loans 51 2.08 Interest 51 2.09 Fees 52 2.10 Computation of Interest and Fees 52 2.11 Evidence of Debt 53 2.12 Payments Generally; Administrative Agent’s Clawback 54 2.13 Sharing of Payments by Lenders 55 2.14 Increase in Commitments 56 2.15 Cash Collateral 57 2.16 Defaulting Lenders 59 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 61 3.01 Taxes 61 3.02 ~~Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION~~ Illegality 67 3.03 ~~Issuing the Letters of Credit 32 SECTION~~ Inability to Determine Rates 67 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs ~~36 SECTION 3.09 Uniform Customs~~ 68 3.05 Compensation for Losses 70 3.06 Mitigation Obligations; Replacement of Lenders; Like Treatment 71 3.07 Survival 72 ARTICLE IV. CONDITIONS PRECEDENT TO Credit Extensions 72 4.01 Conditions of Initial Credit Extension 72 4.02 Conditions to all Credit Extensions 74 ARTICLE V. REPRESENTATIONS AND WARRANTIES 75 5.01 Existence, Qualification and ~~Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters~~ Power 75 5.02 Authorization; No Contravention 75 5.03 Governmental Authorization; Other Consents 75 5.04 Binding Effect 75 - i - TABLE OF CONTENTS 5.05 Financial Statements; No Material Adverse Effect 75 5.06 Litigation 75 5.07 No Default 75 5.08 Ownership of ~~Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar~~ Property; Liens 75 5.09 Environmental Compliance 76 5.10 Insurance 76 5.11 Taxes 76 5.12 ERISA Compliance 76 5.13 Subsidiaries; Equity Interests; Guarantors 78 5.14 Margin Regulations; Investment Company Act 78 5.15 Disclosure 79 5.16 Compliance with Laws 79 5.17 Taxpayer Identification Number 79 5.18 OFAC 79 5.19 Anti-Corruption Laws 80 ARTICLE VI. AFFIRMATIVE COVENANTS 80 6.01 Financial Statements 80 6.02 Certificates; Other Information 81 6.03 Notices 83 6.04 Payment ~~Obligation 39 SECTION 3.14 Applications; Survival~~ of ~~Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing~~ Obligations 83 6.05 Preservation of ~~Payments~~Existence, Etc. ~~46 SECTION 4.04 Evidence~~ 83 6.06 Maintenance of ~~Debt/Borrowings 46 SECTION 4.05 Borrower~~ Properties; Office 84 6.07 Maintenance of Insurance 84 6.08 Compliance with Laws 84 6.09 Books and Records 85 6.10 Inspection Rights 85 6.11 Use of Proceeds 86 6.12 Further Assurances 86 6.13 Additional Guarantors; Guaranty 47 Trigger Event 86 6.14 Anti-Corruption Laws 87 ARTICLE ~~V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness~~ VII. NEGATIVE COVENANTS 87 7.01 Liens 87 7.02 Investments 89 7.03 Indebtedness 91 7.04 Fundamental Changes 93 7.05 Dispositions 94 7.06 Restricted Payments 96 7.07 Transactions with Affiliates and Subsidiaries 97 7.08 Burdensome Agreements 98 7.09 Use of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Proceeds 99 7.10 Financial Covenants ~~58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS~~ 99 7.11 United States Cellular Corporation 100 7.12 Governmental Programs 100 7.13 Sanctions 100 TABLE OF ~~DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT~~CONTENTS 7.14 Anti-Corruption Laws 100 7.15 Guarantees 100

Appears in 1 contract

Samples: Credit Agreement (Telephone & Data Systems Inc /De/)

Definitions and Accounting Terms. ~~SECTION~~ 2 Section 1.01 Certain Defined Terms ~~1 SECTION~~ 2 Section 1.02 Computation of Time Periods ~~18 SECTION~~ 49 Section 1.03 Accounting ~~Terms 18~~ Terms; Changes in GAAP 49 Section 1.04 Types of Advances 49 Section 1.05 Miscellaneous 49 Section 1.06 Rates 50 Section 1.07 Divisions 50 ARTICLE II ~~AMOUNTS AND TERMS OF THE ADVANCES SECTION~~ CREDIT FACILITIES 50 Section 2.01 ~~The~~ Commitment for Advances ~~19 SECTION~~ 50 Section 2.02 ~~Making the Advances 19 SECTION~~ Method of Borrowing 52 Section 2.03 ~~Fees 22 SECTION 2.04~~ Reduction and ~~Increase~~ Termination of the ~~Commitments; Reduction and Increase~~ Commitments 55 Section 2.04 Prepayment of ~~the Swing Line Commitment; Additional Issuing Banks 23 SECTION~~ Advances 56 Section 2.05 Repayment of Advances ~~26 SECTION~~ and Swingline Loans 58 Section 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit 58 Section 2.07 Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 64 Section 2.08 Interest 65 Section 2.09 Payments and Computations ~~40 SECTION 4.02 Taxes 42 SECTION 4.03~~ 66 Section 2.10 Sharing of ~~Payments, Etc. 46 SECTION 4.04 Evidence~~ Payments 67 Section 2.11 Breakage Costs 68 Section 2.12 Increased Costs 68 Section 2.13 Taxes 70 Section 2.14 Replacement of ~~Debt/Borrowings 46 SECTION 4.05~~ Lender 74 Section 2.15 Defaulting Lenders 75 Section 2.16 Swingline Loans 77 Section 2.17 Increase in Commitments 79 Section 2.18 Changed Circumstances 81 Section 2.19 Appointment of Borrower ~~Guaranty 47~~ Representative 84 Section 2.20 Joint and Several Liability 84 ARTICLE V III CONDITIONS ~~OF LENDING SECTION 5.01~~ 85 Section 3.01 Conditions Precedent to Effectiveness ~~of this Agreement 49 SECTION 5.02~~ 85 Section 3.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTAll Borrowings 89 Section 3.03 Determinations Under Section 3 90

Appears in 1 contract

Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 Section 1.01 ~~Certain~~ Defined Terms 1 ~~SECTION~~ Section 1.02 ~~Computation of Time Periods 18 SECTION~~ Other Interpretive Provisions 110 Section 1.03 Accounting Terms 18 115 Section 1.04 Rounding 116 Section 1.05 References to Agreements and Laws 116 Section 1.06 Times of Day 116 Section 1.07 Timing of Payment or Performance 117 Section 1.08 Currency Equivalents Generally 117 Section 1.09 Letter of Credit Amounts 118 Section 1.10 Pro Forma Calculations 118 Section 1.11 Calculation of Consolidated Total Assets Basket 119 Section 1.12 Cashless Rollovers 119 Section 1.13 Interest Rates 119 Section 1.14 Limited Condition Transaction 120 ARTICLE II ~~AMOUNTS~~ THE COMMITMENTS AND ~~TERMS OF THE ADVANCES SECTION~~ CREDIT EXTENSIONS 121 Section 2.01 The ~~Advances 19 SECTION~~ Loans 121 Section 2.02 ~~Making the Advances 19 SECTION~~ Borrowings, Conversions and Continuations of Loans 121 Section 2.03 Fees 22 SECTION 2.04 Reduction and Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment of Advances 26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit ~~31 SECTION 3.02 Limitation on the Issuance~~ 124 Section 2.04 [Reserved] 135 Section 2.05 Prepayments 135 Section 2.06 Termination or Reduction of ~~Letters~~ Commitments 137 Section 2.07 Repayment of Loans 139 Section 2.08 Interest 139 Section 2.09 Fees 140 Section 2.10 Computation of Interest and Fees 140 Section 2.11 Evidence of Indebtedness 141 Section 2.12 Payments Generally; Administrative Agent’s Clawback 142 Section 2.13 Sharing of Payments 144 Section 2.14 Incremental Facilities 145 Section 2.15 Reserved 151 Section 2.16 Cash Collateral 152 Section 2.17 Defaulting Lenders 153 Section 2.18 Specified Refinancing Debt 154 Section 2.19 Extension of Revolving Credit ~~Denominated in~~ Commitments 157 Section 2.20 Reserved 160 Section 2.21 Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 161 ARTICLE ~~IV PAYMENTS,~~ III TAXES, ~~EXTENSIONS, ETC~~INCREASED COSTS PROTECTION AND ILLEGALITY 161 Section 3.01 Taxes 161 Section 3.02 Alternate Rate of Interest. ~~SECTION 4.01 Payments~~ 166 Section 3.03 Illegality 167 Section 3.04 [Reserved] 168 Section 3.05 Increased Cost and ~~Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS~~ Reduced Return; Capital Adequacy and Liquidity Requirements 168 TABLE OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTCONTENTS (continued) Page

Appears in 1 contract

Samples: Credit Agreement (CarGurus, Inc.)

Definitions and Accounting Terms. ~~SECTION~~ 1 1.01 Amendment and Restatement 1 1.02 Certain Defined Terms ~~1 SECTION 1.02 Computation of Time Periods~~ 2 1.03 Other Interpretive Provisions 18 ~~SECTION 1.03~~ 1.04 Accounting Terms 18 1.05 Rounding 19 1.06 References to Agreements and Laws 19 1.07 Times of Day 19 ARTICLE ~~II AMOUNTS AND TERMS OF~~ II. THE ~~ADVANCES SECTION~~ COMMITMENTS 19 2.01 ~~The Advances~~ Loans 19 ~~SECTION~~ 2.02 ~~Making the Advances~~ Borrowings, Conversions and Continuations of Loans 19 ~~SECTION~~ 2.03 ~~Fees 22 SECTION~~ Prepayments 21 2.04 Termination or Reduction ~~and Increase~~ of ~~the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION~~ Commitments 21 2.05 Repayment of ~~Advances 26 SECTION~~ Loans 22 2.06 Interest ~~on Advances~~ 22 2.07 Fees 22 2.08 Computation of Interest and Fees 23 2.09 Evidence of Debt 23 2.10 Payments Generally; Administrative Agent’s Clawback 23 2.11 Sharing of Payments by Lenders 25 2.12 Increase in Commitments 26 ~~SECTION 2.07 Additional Interest~~ 2.13 Defaulting Lenders 27 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY 28 3.01 Taxes 28 3.02 Illegality 32 3.03 Inability to Determine Rates 33 3.04 Increased Costs; Reserves on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 Loans 34 3.05 Compensation for Losses 35 3.06 Mitigation Obligations 36 3.07 Survival 36 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Letters of Credit 31 SECTION 3.02 Limitation on the Issuance of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs IV. CONDITIONS PRECEDENT 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions ~~Precedent~~ to Effectiveness ~~of this Agreement 49 SECTION 5.02~~ 36 4.02 Conditions ~~Precedent~~ to ~~Each Advance/Issuance 51~~ All Loans 38 ARTICLE VI V. REPRESENTATIONS AND WARRANTIES ~~SECTION~~ 38 5.01 Organization and Powers 38 5.02 Good Standing 38 5.03 Material Subsidiaries 38 5.04 Authorization of Borrowing 39 5.05 No Conflict 39 5.06 Governmental Consents 39 5.07 Binding Obligation 39 5.08 Financial Condition 39 5.09 Changes, Etc 40 5.10 Title to Properties 40 5.11 Litigation; Adverse Facts 40 5.12 Payment of Taxes 40 5.13 Agreements 40 5.14 Performance 40 5.15 Governmental Regulation 41 5.16 Employee Benefit Plans 41 5.17 Environmental Matters 41 5.18 Disclosure 42 5.19 Subordination Agreements 42 ARTICLE VI. AFFIRMATIVE COVENANTS 42 6.01 ~~Representations~~ Financial Statements 42 6.02 Certificates; Other Information 43 6.03 Notices 45 6.04 Corporate Existence, etc 45 6.05 Payment of Taxes and ~~Warranties~~ Claims; Tax Consolidation 46 6.06 Maintenance of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENTProperties; Insurance 46

Appears in 1 contract

Samples: Credit Agreement (Mattel Inc /De/)

Definitions and Accounting Terms. ~~SECTION 1.01~~ 1 Section 1.1 Certain Defined Terms 1 ~~SECTION 1.02 Computation of Time Periods 18 SECTION 1.03~~ Section 1.2 Accounting ~~Terms 18 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES SECTION 2.01 The Advances 19 SECTION 2.02 Making the Advances 19 SECTION 2.03 Fees 22 SECTION 2.04 Reduction~~ Terms; Changes in GAAP 16 Section 1.3 Classes and ~~Increase of the Commitments; Reduction and Increase of the Swing Line Commitment; Additional Issuing Banks 23 SECTION 2.05 Repayment~~ Types of Advances ~~26 SECTION 2.06 Interest on Advances 26 SECTION 2.07 Additional Interest on Eurodollar Rate Advances 27 SECTION 2.08 Interest Rate Determination 27 SECTION 2.09 Voluntary Conversion~~ 16 Section 1.4 Other Interpretive Provisions 16 ARTICLE II. CREDIT FACILITIES 17 Section 2.1 Commitments 17 Section 2.2 Evidence of Advances 29 SECTION 2.10 Prepayments of Advances 29 SECTION 2.11 Increased Costs 29 SECTION 2.12 Illegality 30 SECTION 2.13 Subsidiary Borrowers 31 ARTICLE III AMOUNT AND TERMS OF LETTERS OF CREDIT AND PARTICIPATIONS THEREIN SECTION 3.01 Indebtedness 20 Section 2.3 Letters of Credit 20 Section 2.4 Swingline Advances 25 Section 2.5 Borrowings; Procedures and Limitations 27 Section 2.6 Prepayments 30 Section 2.7 Repayment 30 Section 2.8 Fees 30 Section 2.9 Interest 31 ~~SECTION 3.02 Limitation on the Issuance~~ Section 2.10 Illegality 32 Section 2.11 Breakage Costs 32 Section 2.12 Increased Costs 33 Section 2.13 Payments and Computations 34 Section 2.14 Taxes 36 Section 2.15 Mitigation Obligations; Replacement of Lenders 39 Section 2.16 Defaulting Lender 40 ARTICLE III. CONDITIONS PRECEDENT 42 Section 3.1 Conditions Precedent to Initial Credit Extension 42 Section 3.2 Conditions Precedent to Each Credit Extension 44 ARTICLE IV. REPRESENTATIONS AND WARRANTIES 44 Section 4.1 Organization 44 Section 4.2 Authorization 44 Section 4.3 Enforceability 45 Section 4.4 Financial Condition 45 Section 4.5 Ownership and Liens 45 Section 4.6 True and Complete Disclosure 45 Section 4.7 Litigation 45 Section 4.8 Compliance with Agreements 46 Table of Contents (continued) Section 4.9 Pension Plans 46 Section 4.10 Environmental Condition 46 Section 4.11 Subsidiaries 47 Section 4.12 Investment Company Act 47 Section 4.13 Taxes 47 Section 4.14 Permits, Licenses, etc. 47 Section 4.15 Use of Proceeds 47 Section 4.16 Condition of Property; Casualties 48 Section 4.17 Insurance 48 Section 4.18 OFAC; Anti-Terrorism 48 ARTICLE V. AFFIRMATIVE COVENANTS 48 Section 5.1 Organization 48 Section 5.2 Reporting 48 Section 5.3 Insurance 51 Section 5.4 Compliance with Laws 51 Section 5.5 Taxes 51 Section 5.6 Additional Guarantors 51 Section 5.7 Records; Inspection 52 Section 5.8 Maintenance of Property 52 ARTICLE VI. NEGATIVE COVENANTS 52 Section 6.1 Debt 52 Section 6.2 Liens 52 Section 6.3 Investments 53 Section 6.4 Acquisitions 54 Section 6.5 Agreements Restricting Liens; Negative Pledge 54 Section 6.6 Use of Proceeds; Use of Letters of Credit Denominated in Alternative Currencies 32 SECTION 3.03 Issuing the Letters of Credit 32 SECTION 3.04 Reimbursement Obligations 33 SECTION 3.05 Participations Purchased by the Lenders 33 SECTION 3.06 Letter of Credit Fees 34 SECTION 3.07 Indemnification; Nature of the Issuing Banks’ Duties 35 SECTION 3.08 Increased Costs 36 SECTION 3.09 Uniform Customs and Practice 37 SECTION 3.10 Reductions and Increases in Issuing Commitment 37 SECTION 3.11 Existing Letters of Credit 38 SECTION 3.12 Currency Provisions 38 SECTION 3.13 Dollar Payment Obligation 39 SECTION 3.14 Applications; Survival of Provisions; Cash Collateral 40 SECTION 3.15 LC Subsidiaries 40 ARTICLE IV PAYMENTS, TAXES, EXTENSIONS, ETC. SECTION 4.01 Payments and Computations 40 SECTION 4.02 Taxes 42 SECTION 4.03 Sharing of Payments, Etc. 46 SECTION 4.04 Evidence of Debt/Borrowings 46 SECTION 4.05 Borrower Guaranty 47 ARTICLE V CONDITIONS OF LENDING SECTION 5.01 Conditions Precedent to Effectiveness of this Agreement 49 SECTION 5.02 Conditions Precedent to Each Advance/Issuance 51 ARTICLE VI REPRESENTATIONS AND WARRANTIES SECTION 6.01 Representations and Warranties of the Borrower 51 ARTICLE VII COVENANTS OF THE BORROWER SECTION 7.01 Affirmative Covenants 54 SECTION 7.02 Negative Covenants 55 SECTION 7.03 Financial Covenants 58 SECTION 7.04 Reporting Requirements 58 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 60 ARTICLE IX THE AGENT54

Appears in 1 contract

Samples: Credit Agreement (Helmerich & Payne Inc)

Common use of Definitions and Accounting Terms Clause in Contracts